Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLD	SPDR GOLD TRUST	329,487	$40.2M	7.2%	$122.01	$126.13	-3.3%	GOLD SHS	78463V107
—	ISHARES GOLD TRUST	2,892,400	$35.81M	6.4%	$12.38	$11.50	—	ISHARES	464285105
T	AT&T INC	706,784	$22.16M	4.0%	$31.36 *	$14.48	+0.9%	COM	00206R102
—	ALLIANCEBERNSTEIN GBL HGH IN	1,690,932	$19.6M	3.5%	$11.59	$11.89	—	COM	01879R106
—	INDEPENDENCE HLDG CO NEW	509,341	$17.95M	3.2%	$35.25	$35.65	—	COM NEW	453440307
NXPI	NXP SEMICONDUCTORS N V	163,662	$14.47M	2.6%	$88.39 *	$92.71	-14.6%	COM	N6596X109
IBM	INTERNATIONAL BUSINESS MACHS	101,293	$14.29M	2.6%	$141.10 *	$101.88	-1.3%	COM	459200101
BMY	BRISTOL MYERS SQUIBB CO	274,359	$13.09M	2.4%	$47.71 *	$42.99	-14.7%	COM	110122108
QCOM	QUALCOMM INC	204,305	$11.65M	2.1%	$57.03 *	$51.48	-5.4%	COM	747525103
GBDC	GOLUB CAP BDC INC	638,244	$11.41M	2.1%	$17.88 *	$8.49	+8.1%	COM	38173M102
TAP	MOLSON COORS BREWING CO	190,020	$11.34M	2.0%	$59.65 *	$59.21	-15.9%	CL B	60871R209
—	HANESBRANDS INC	596,990	$10.67M	1.9%	$17.88	$16.16	—	COM	410345102
PGR	PROGRESSIVE CORP OHIO	136,795	$9.862M	1.8%	$72.09 *	$48.68	+21.3%	COM	743315103
JNJ	JOHNSON & JOHNSON	69,578	$9.726M	1.8%	$139.79 *	$106.70	+8.3%	COM	478160104
—	WESTROCK CO	252,145	$9.67M	1.7%	$38.35	$49.94	—	COM	96145D105
NWL	NEWELL BRANDS INC	610,784	$9.369M	1.7%	$15.34 *	$18.96	-41.1%	COM	651229106
GILD	GILEAD SCIENCES INC	140,929	$9.162M	1.6%	$65.01 *	$57.09	-12.2%	COM	375558103
CBOE	CBOE GLOBAL MARKETS INC	95,675	$9.131M	1.6%	$95.44 *	$91.81	-4.9%	COM	12503M108
GOOGL	ALPHABET INC	7,594	$8.937M	1.6%	$1176.85 *	$55.01	+6.2%	CAP STK CL A	02079K305
NTR	NUTRIEN LTD	169,315	$8.933M	1.6%	$52.76 *	$38.81	+8.4%	COM	67077M108
MTB	M & T BK CORP	56,791	$8.917M	1.6%	$157.01 *	$146.61	-13.7%	COM	55261F104
SPB	SPECTRUM BRANDS HLDGS INC NE	161,200	$8.831M	1.6%	$54.78	$78.22	-30.0%	COM	84790A105
MSFT	MICROSOFT CORP	74,175	$8.748M	1.6%	$117.94 *	$84.74	+30.8%	COM	594918104
CMCSA	COMCAST CORP NEW	218,540	$8.737M	1.6%	$39.98 *	$30.58	+9.6%	CL A	20030N101
—	DOWDUPONT INC	163,603	$8.722M	1.6%	$53.31	$59.53	—	COM	26078J100
—	UNITED TECHNOLOGIES CORP	67,042	$8.641M	1.6%	$128.89	$126.18	—	COM	913017109
MHK	MOHAWK INDS INC	64,190	$8.098M	1.5%	$126.16	$167.02	-24.5%	COM	608190104
AVGO	BROADCOM INC	25,189	$7.575M	1.4%	$300.73 *	$18.86	+33.3%	COM	11135F101
WHR	WHIRLPOOL CORP	56,547	$7.515M	1.4%	$132.90	$129.28	+2.8%	COM	963320106
LEA	LEAR CORP	54,975	$7.461M	1.3%	$135.72 *	$120.52	-2.0%	COM NEW	521865204
NOC	NORTHROP GRUMMAN CORP	23,780	$6.411M	1.2%	$269.60 *	$245.35	-1.6%	COM	666807102
—	ARCONIC INC	328,420	$6.276M	1.1%	$19.11	$19.11	—	COM	03965L100
AFL	AFLAC INC	118,294	$5.915M	1.1%	$50.00 *	$36.98	+15.3%	COM	001055102
MGM	MGM RESORTS INTERNATIONAL	221,383	$5.681M	1.0%	$25.66 *	$30.85	-18.6%	COM	552953101
KLIC	KULICKE & SOFFA INDS INC	255,000	$5.638M	1.0%	$22.11 *	$20.98	-6.0%	COM	501242101
MMM	3M CO	26,507	$5.508M	1.0%	$207.79 *	$129.56	+4.7%	COM	88579Y101
AJG	GALLAGHER ARTHUR J & CO	65,416	$5.109M	0.9%	$78.10 *	$60.63	+18.4%	COM	363576109
TMUS	T MOBILE US INC	70,281	$4.856M	0.9%	$69.09 *	$58.72	+13.7%	COM	872590104
SEE	SEALED AIR CORP NEW	102,647	$4.728M	0.9%	$46.06 *	$39.12	+4.0%	COM	81211K100
PFE	PFIZER INC	101,061	$4.292M	0.8%	$42.47 *	$24.24	+21.7%	COM	717081103
JEF	JEFFERIES FINL GROUP INC	227,000	$4.265M	0.8%	$18.79 *	$16.63	-18.0%	COM	47233W109
CYD	CHINA YUCHAI INTL LTD	265,000	$4.2M	0.8%	$15.85 *	$14.28	-20.7%	COM	G21082105
MO	ALTRIA GROUP INC	67,695	$3.888M	0.7%	$57.43 *	$34.10	-0.8%	COM	02209S103
AXTA	AXALTA COATING SYS LTD	147,259	$3.712M	0.7%	$25.21	$30.70	-17.9%	COM	G0750C108
—	BARRICK GOLD CORPORATION	263,748	$3.616M	0.7%	$13.71	$13.71	—	COM	067901108
SLV	ISHARES SILVER TRUST	241,600	$3.426M	0.6%	$14.18	$15.79	-10.2%	ISHARES	46428Q109
—	OAKTREE SPECIALTY LENDING CO	636,864	$3.299M	0.6%	$5.18	$4.22	—	COM	67401P108
DHI	D R HORTON INC	78,435	$3.246M	0.6%	$41.38 *	$37.55	+2.6%	COM	23331A109
BEN	FRANKLIN RES INC	94,216	$3.122M	0.6%	$33.14 *	$22.81	+5.3%	COM	354613101
WMT	WALMART INC	31,486	$3.071M	0.6%	$97.54 *	$26.00	+13.2%	COM	931142103
PM	PHILIP MORRIS INTL INC	33,700	$2.979M	0.5%	$88.40 *	$60.63	+2.7%	COM	718172109
VZ	VERIZON COMMUNICATIONS INC	49,031	$2.899M	0.5%	$59.13 *	$33.03	+23.2%	COM	92343V104
THO	THOR INDS INC	43,670	$2.724M	0.5%	$62.38 *	$57.93	-7.0%	COM	885160101
MRK	MERCK & CO INC	32,290	$2.686M	0.5%	$83.18 *	$42.25	+52.2%	COM	58933Y105
—	AVANGRID INC	51,832	$2.61M	0.5%	$50.35	$51.11	—	COM	05351W103
PAAS	PAN AMERICAN SILVER CORP	183,984	$2.438M	0.4%	$13.25	$14.00	-5.4%	COM	697900108
RGLD	ROYAL GOLD INC	26,040	$2.368M	0.4%	$90.94	$82.30	+10.5%	COM	780287108
—	WASHINGTON PRIME GROUP NEW	408,797	$2.31M	0.4%	$5.65	$6.67	—	COM	93964W108
CMI	CUMMINS INC	14,500	$2.289M	0.4%	$157.86 *	$122.60	+8.4%	COM	231021106
GPRO	GOPRO INC	334,597	$2.175M	0.4%	$6.50	$5.72	+13.6%	CL A	38268T103
—	LIBERTY GLOBAL PLC	86,910	$2.104M	0.4%	$24.21	$30.06	—	SHS CL C	G5480U120
UNM	UNUM GROUP	60,000	$2.03M	0.4%	$33.83	$52.25	-35.3%	COM	91529Y106
AAPL	APPLE INC	10,606	$2.015M	0.4%	$189.99 *	$40.42	+12.2%	COM	037833100
AMZN	AMAZON COM INC	1,088	$1.937M	0.3%	$1780.33 *	$71.51	+24.5%	COM	023135106
—	INTEVAC INC	293,646	$1.8M	0.3%	$6.13	$6.90	—	COM	461148108
—	WESTERN AST INFL LKD OPP & I	142,100	$1.525M	0.3%	$10.73	$11.32	—	COM	95766R104
BNS	BANK N S HALIFAX	28,600	$1.524M	0.3%	$53.29 *	$40.96	-10.0%	COM	064149107
NVS	NOVARTIS A G	15,848	$1.524M	0.3%	$96.16	$84.95	+13.2%	SPONSORED ADR	66987V109
UNP	UNION PACIFIC CORP	9,000	$1.505M	0.3%	$167.22 *	$113.06	+27.3%	COM	907818108
ATR	APTARGROUP INC	14,129	$1.503M	0.3%	$106.38 *	$79.58	+22.4%	COM	038336103
INTC	INTEL CORP	27,950	$1.501M	0.3%	$53.70 *	$40.06	+16.1%	COM	458140100
—	ALLEGHANY CORP DEL	2,386	$1.461M	0.3%	$612.32	$614.42	—	COM	017175100
USB	US BANCORP DEL	30,100	$1.451M	0.3%	$48.21 *	$39.92	-8.8%	COM NEW	902973304
—	BLACKROCK MUNIYIELD NY QLTY	114,600	$1.411M	0.3%	$12.31	$12.05	—	COM	09255E102
—	LINDE PLC	8,000	$1.407M	0.3%	$175.88	$158.15	—	COM	G5494J103
RY	ROYAL BK CDA MONTREAL QUE	18,100	$1.367M	0.2%	$75.52	$77.84	-2.9%	COM	780087102
ADNT	ADIENT PLC	102,973	$1.335M	0.2%	$12.96	$57.12	-77.3%	ORD SHS	G0084W101
PCH	POTLATCHDELTIC CORPORATION	34,281	$1.295M	0.2%	$37.78	$48.46	—	COM	737630103
—	DEAN FOODS CO NEW	399,170	$1.209M	0.2%	$3.03	$7.60	—	COM NEW	242370203
AXP	AMERICAN EXPRESS CO	10,953	$1.197M	0.2%	$109.29 *	$87.01	+14.6%	COM	025816109
CGNX	COGNEX CORP	23,000	$1.17M	0.2%	$50.87 *	$44.22	+7.8%	COM	192422103
GNTX	GENTEX CORP	56,000	$1.158M	0.2%	$20.68	$22.76	-9.1%	COM	371901109
CL	COLGATE PALMOLIVE CO	16,200	$1.11M	0.2%	$68.52 *	$54.60	+7.0%	COM	194162103
MNST	MONSTER BEVERAGE CORP NEW	19,650	$1.072M	0.2%	$54.55 *	$29.13	-6.3%	COM	61174X109
—	CERNER CORP	18,000	$1.03M	0.2%	$57.22	$59.78	—	COM	156782104
—	PREMIER INC	29,600	$1.021M	0.2%	$34.49	$34.49	—	CL A	74051N102
APLE	APPLE HOSPITALITY REIT INC	62,460	$1.018M	0.2%	$16.30	$14.27	—	COM NEW	03784Y200
—	ATHENE HLDG LTD	24,705	$1.008M	0.2%	$40.80	$40.80	—	CL A	G0684D107
—	GOPRO INC	900,000	$887K	0.2%	$0.99	$0.93	—	NOTE 3.500% 4/1	38268TAB9
—	CURIS INC	425,338	$846K	0.2%	$1.99	$1.73	—	COM NEW	231269200
DIS	DISNEY WALT CO	7,465	$829K	0.1%	$111.05 *	$101.39	+5.7%	COM DISNEY	254687106
—	GENERAL ELECTRIC CO	77,301	$772K	0.1%	$9.99	$12.83	—	COM	369604103
DGICA	DONEGAL GROUP INC	57,386	$772K	0.1%	$13.45 *	$11.58	-14.3%	CL A	257701201
GVA	GRANITE CONSTR INC	17,604	$760K	0.1%	$43.17	$56.52	-23.7%	COM	387328107
PSLV	SPROTT PHYSICAL SILVER TR	136,709	$757K	0.1%	$5.54	$6.04	—	TR UNIT	85207K107
FTI	TECHNIPFMC PLC	31,900	$750K	0.1%	$23.51 *	$21.36	-22.6%	COM	G87110105
CHTR	CHARTER COMMUNICATIONS INC N	2,110	$732K	0.1%	$346.92	$351.59	-1.3%	CL A	16119P108
—	ARQULE INC	150,000	$718K	0.1%	$4.79	$2.88	—	COM	04269E107
LBTYAUSD	LIBERTY GLOBAL PLC	28,809	$718K	0.1%	$24.92	$31.31	—	SHS CL A	G5480U104
MUR	MURPHY OIL CORP	24,226	$710K	0.1%	$29.31 *	$21.71	+5.3%	COM	626717102
L	LOEWS CORP	14,000	$671K	0.1%	$47.93 *	$48.83	-4.6%	COM	540424108
CC	CHEMOURS CO	16,600	$617K	0.1%	$37.17 *	$23.57	+18.8%	COM	163851108
META	FACEBOOK INC	3,500	$583K	0.1%	$166.57	$178.31	-7.2%	CL A	30303M102
CAG	CONAGRA BRANDS INC	19,762	$548K	0.1%	$27.73 *	$27.24	-22.5%	COM	205887102
—	TEEKAY TANKERS LTD	562,200	$545K	0.1%	$0.97	$1.19	—	CL A	Y8565N102
—	VAPOTHERM INC	25,434	$500K	0.1%	$19.66	$19.80	—	COM	922107107
LW	LAMB WESTON HLDGS INC	6,587	$494K	0.1%	$75.00 *	$50.37	+34.0%	COM	513272104
MET	METLIFE INC	10,800	$460K	0.1%	$42.59 *	$36.85	-8.2%	COM	59156R108
—	WESTERN ASST INFLTN LKD INM	40,726	$457K	0.1%	$11.22	$11.54	—	COM SH BEN INT	95766Q106
XOM	EXXON MOBIL CORP	5,228	$422K	0.1%	$80.72 *	$55.74	+5.9%	COM	30231G102
STZ	CONSTELLATION BRANDS INC	2,400	$421K	0.1%	$175.42 *	$194.12	-19.1%	CL A	21036P108
HON	HONEYWELL INTL INC	2,650	$421K	0.1%	$158.87 *	$117.52	+10.8%	COM	438516106
GOOG	ALPHABET INC	341	$400K	0.1%	$1173.02 *	$54.79	+6.3%	CAP STK CL C	02079K107
CSCO	CISCO SYS INC	7,200	$389K	0.1%	$54.03 *	$33.46	+31.2%	COM	17275R102
MDLZ	MONDELEZ INTL INC	6,920	$345K	0.1%	$49.86 *	$35.85	+18.2%	CL A	609207105
JPM	JPMORGAN CHASE & CO	3,412	$345K	0.1%	$101.11 *	$91.43	-8.3%	COM	46625H100
NAT	NORDIC AMERICAN TANKERS LIMI	166,000	$335K	0.1%	$2.02	$2.29	-11.8%	COM	G65773106
—	TE CONNECTIVITY LTD	4,094	$331K	0.1%	$80.85	$99.90	—	REG SHS	H84989104
MUSA	MURPHY USA INC	3,531	$302K	0.1%	$85.53 *	$75.89	+9.7%	COM	626755102
LILAK	LIBERTY LATIN AMERICA LTD	15,183	$295K	0.1%	$19.43 *	$20.25	-9.6%	COM CL C	G9001E128
GERN	GERON CORP	154,700	$257K	0.0%	$1.66	$2.70	-38.6%	COM	374163103
—	NEW GERMANY FD INC	17,888	$250K	0.0%	$13.98	$18.48	—	COM	644465106
—	CONSOLIDATED TOMOKA LD CO	4,000	$236K	0.0%	$59.00	$62.75	—	COM	210226106
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,150	$231K	0.0%	$200.87	$205.34	-2.2%	CL B NEW	084670702
BK	BANK NEW YORK MELLON CORP	4,000	$202K	0.0%	$50.50 *	$42.33	-2.0%	COM	064058100
INVE	IDENTIV INC	29,500	$149K	0.0%	$5.05	$3.73	+35.1%	COM NEW	45170X205
—	SIRIUS XM HLDGS INC	20,000	$113K	0.0%	$5.65	$6.25	—	COM	82968B103
—	SANOFI	63,817	$29,000	0.0%	$0.45	$0.42	—	RIGHT 12/31/2020	80105N113
—	NEWLINK GENETICS CORP	10,000	$19,000	0.0%	$1.90	$7.25	—	COM	651511107