The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Abbott Laboratories COM 002824100 5,999 62,000 SH   SOLE   62,000 0 0
Adams Diversified Equity Fund, COM 006212104 2,474 169,819 SH   SOLE   169,819 0 0
Adobe Inc. COM 00724F101 9,632 35,000 SH   SOLE   35,000 0 0
Agnico Eagle Mines Limited COM 008474108 15,420 365,141 SH   SOLE   365,141 0 0
Alamos Gold Inc. - Class A COM 011532108 13,731 1,853,042 SH   SOLE   1,853,042 0 0
Algoma Steel Group Inc. COM 015658107 6,253 970,960 SH   SOLE   970,960 0 0
Alphabet Inc. - Class C COM 02079K107 49,037 510,000 SH   SOLE   510,000 0 0
Amazon.com, Inc. COM 023135106 32,318 286,000 SH   SOLE   286,000 0 0
Angi Inc. COM 00183L102 1,570 532,320 SH   SOLE   532,320 0 0
Apple Inc. COM 037833100 46,712 338,000 SH   SOLE   338,000 0 0
Applied Materials, Inc. COM 038222105 8,328 101,652 SH   SOLE   101,652 0 0
Arch Capital Group Ltd. COM G0450A105 42,692 937,459 SH   SOLE   937,459 0 0
ASML Holding N.V. COM N07059210 33,062 79,600 SH   SOLE   79,600 0 0
Axis Capital Holdings Limited COM G0692U109 12,288 250,000 SH   SOLE   250,000 0 0
Azenta, Inc. COM 114340102 3,410 79,553 SH   SOLE   79,553 0 0
Bath & Body Works Inc. COM 070830104 6,670 204,592 SH   SOLE   204,592 0 0
Berkshire Hathaway Inc. - Clas COM 084670108 44,712 110 SH   SOLE   110 0 0
Broadcom Inc. COM 11135F101 13,320 30,000 SH   SOLE   30,000 0 0
Cameco Corporation COM 13321L108 17,079 644,230 SH   SOLE   644,230 0 0
Chevron Corporation COM 166764100 11,780 81,991 SH   SOLE   81,991 0 0
Cisco Systems, Inc. COM 17275R102 20,000 500,000 SH   SOLE   500,000 0 0
Cleveland-Cliffs Inc. COM 185899101 6,581 488,593 SH   SOLE   488,593 0 0
Costco Wholesale Corporation COM 22160K105 25,030 53,000 SH   SOLE   53,000 0 0
Eaton Corporation plc COM G29183103 19,488 146,131 SH   SOLE   146,131 0 0
Energy Transfer LP COM 29273V100 16,214 1,470,030 SH   SOLE   1,470,030 0 0
Everest Re Group, Ltd. COM G3223R108 33,906 129,196 SH   SOLE   129,196 0 0
Expedia Group, Inc. COM 30212P303 15,652 167,065 SH   SOLE   167,065 0 0
First Horizon Corporation COM 320517105 3,040 132,764 SH   SOLE   132,764 0 0
Gilead Sciences, Inc. COM 375558103 8,704 141,100 SH   SOLE   141,100 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 55 1,173,370 SH   SOLE   1,173,370 0 0
Hess Corporation COM 42809H107 9,102 83,512 SH   SOLE   83,512 0 0
Huntsman Corporation COM 447011107 4,663 190,000 SH   SOLE   190,000 0 0
Intra-Cellular Therapies, Inc. COM 46116X101 13,188 283,439 SH   SOLE   283,439 0 0
Invesco S&P Equal Weight COM 46137V357 3,578 28,111 SH   SOLE   28,111 0 0
JPMorgan Chase & Co. COM 46625H100 8,360 80,000 SH   SOLE   80,000 0 0
Liberty Broadband Corporation COM 530307305 3,747 50,768 SH   SOLE   50,768 0 0
M&T Bank Corporation COM 55261F104 17,632 100,000 SH   SOLE   100,000 0 0
Merck & Co., Inc. COM 58933Y105 20,685 240,191 SH   SOLE   240,191 0 0
Meta Platforms, Inc. - Class A COM 30303M102 9,430 69,500 SH   SOLE   69,500 0 0
MetLife, Inc. COM 59156R108 12,480 205,327 SH   SOLE   205,327 0 0
Microsoft Corporation COM 594918104 54,732 235,000 SH   SOLE   235,000 0 0
Nelnet, Inc. - Class A COM 64031N108 19,276 243,415 SH   SOLE   243,415 0 0
Paratek Pharmaceuticals, Inc. COM 699374302 4,924 1,916,099 SH   SOLE   1,916,099 0 0
PepsiCo, Inc. COM 713448108 22,856 140,000 SH   SOLE   140,000 0 0
Pfizer Inc. COM 717081103 15,133 345,808 SH   SOLE   345,808 0 0
Quantum-Si Incorporated COM 74765K105 328 119,250 SH   SOLE   119,250 0 0
Raytheon Technologies Corporat COM 75513E101 13,507 165,000 SH   SOLE   165,000 0 0
Regeneron Pharmaceuticals, Inc COM 75886F107 12,452 18,076 SH   SOLE   18,076 0 0
Republic Services, Inc. COM 760759100 71,407 524,895 SH   SOLE   524,895 0 0
Royce Value Trust, Inc. COM 780910105 2,584 205,877 SH   SOLE   205,877 0 0
SomaLogic, Inc. COM 83444K105 1,160 400,000 SH   SOLE   400,000 0 0
T-Mobile US, Inc. COM 872590104 34,609 257,950 SH   SOLE   257,950 0 0
Target Corporation COM 87612E106 16,093 108,451 SH   SOLE   108,451 0 0
TJX Companies, Inc./The COM 872540109 34,172 550,092 SH   SOLE   550,092 0 0
Tyler Technologies, Inc. COM 902252105 6,950 20,000 SH   SOLE   20,000 0 0
Universal Display Corporation COM 91347P105 5,945 63,009 SH   SOLE   63,009 0 0
Valneva SE - ADR COM 92025Y103 3,768 375,000 SH   SOLE   375,000 0 0
VBI Vaccines, Inc. COM 91822J103 1,325 1,877,497 SH   SOLE   1,877,497 0 0
Venator Materials PLC COM G9329Z100 769 874,076 SH   SOLE   874,076 0 0
Walt Disney Company /The COM 254687106 10,516 111,478 SH   SOLE   111,478 0 0
Waste Management, Inc. Oct 165 PUT 94106L959 857 145,200 SH   SOLE   145,200 0 0