Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLD	SPDR GOLD TRUST	364,487	$50.62M	8.6%	$138.87	$125.89	+10.3%	GOLD SHS	78463V107
—	ISHARES GOLD TRUST	2,892,400	$40.78M	6.9%	$14.10	$11.50	—	ISHARES	464285105
—	INDEPENDENCE HLDG CO NEW	509,341	$19.66M	3.3%	$38.59	$35.65	—	COM NEW	453440307
—	HANESBRANDS INC	1,235,446	$18.93M	3.2%	$15.32	$15.96	—	COM	410345102
—	ALLIANCEBERNSTEIN GBL HGH IN	1,466,841	$17.59M	3.0%	$11.99	$11.89	—	COM	01879R106
BMY	BRISTOL MYERS SQUIBB CO	346,307	$17.56M	3.0%	$50.71 *	$41.59	-4.6%	COM	110122108
—	FOOT LOCKER INC	389,984	$16.83M	2.9%	$43.16	$42.13	—	COM	344849104
T	AT&T INC	381,859	$14.45M	2.5%	$37.84 *	$14.51	+26.6%	COM	00206R102
TAP	MOLSON COORS BREWING CO	228,661	$13.15M	2.2%	$57.50 *	$57.39	-14.8%	CL B	60871R209
UNH	UNITEDHEALTH GROUP INC	56,611	$12.3M	2.1%	$217.33 *	$216.23	-9.2%	COM	91324P102
—	ALLERGAN PLC	70,311	$11.83M	2.0%	$168.30	$167.58	—	SHS	G0177J108
GOOGL	ALPHABET INC	9,559	$11.67M	2.0%	$1221.15 *	$55.54	+9.1%	CAP STK CL A	02079K305
IBM	INTERNATIONAL BUSINESS MACHS	78,746	$11.45M	1.9%	$145.42 *	$101.88	+4.2%	COM	459200101
GILD	GILEAD SCIENCES INC	171,974	$10.9M	1.9%	$63.38 *	$55.96	-11.0%	COM	375558103
PGR	PROGRESSIVE CORP OHIO	139,583	$10.78M	1.8%	$77.25 *	$49.00	+29.5%	COM	743315103
WHR	WHIRLPOOL CORP	67,690	$10.72M	1.8%	$158.35	$130.24	+21.6%	COM	963320106
GBDC	GOLUB CAP BDC INC	545,744	$10.28M	1.7%	$18.84 *	$8.49	+18.1%	COM	38173M102
DXC	DXC TECHNOLOGY CO	334,843	$9.878M	1.7%	$29.50 *	$41.34	-30.4%	COM	23355L106
MHK	MOHAWK INDS INC	79,567	$9.872M	1.7%	$124.07	$159.56	-22.2%	COM	608190104
—	WESTROCK CO	270,064	$9.844M	1.7%	$36.45	$48.15	—	COM	96145D105
—	UNITED TECHNOLOGIES CORP	71,887	$9.814M	1.7%	$136.52	$126.53	—	COM	913017109
M	MACYS INC	577,841	$8.98M	1.5%	$15.54	$19.57	-20.6%	COM	55616P104
MTB	M & T BK CORP	56,791	$8.971M	1.5%	$157.97 *	$146.61	-12.0%	COM	55261F104
NTR	NUTRIEN LTD	177,690	$8.863M	1.5%	$49.88 *	$38.93	+3.9%	COM	67077M108
DOW	DOW INC	184,424	$8.788M	1.5%	$47.65 *	$35.17	-4.2%	COM	260557103
SPB	SPECTRUM BRANDS HLDGS INC NE	164,482	$8.671M	1.5%	$52.72	$76.19	-30.8%	COM	84790A105
LEA	LEAR CORP	66,777	$7.873M	1.3%	$117.90 *	$119.20	-12.8%	COM NEW	521865204
MGM	MGM RESORTS INTERNATIONAL	268,350	$7.439M	1.3%	$27.72	$29.99	-8.7%	COM	552953101
ABBV	ABBVIE INC	89,136	$6.749M	1.1%	$75.72 *	$58.22	-0.1%	COM	00287Y109
SONY	SONY CORP	110,996	$6.563M	1.1%	$59.13	$56.47	+4.7%	SPONSORED ADR	835699307
AXTA	AXALTA COATING SYS LTD	216,954	$6.541M	1.1%	$30.15	$30.31	-0.5%	COM	G0750C108
AFL	AFLAC INC	122,739	$6.422M	1.1%	$52.32 *	$37.28	+20.9%	COM	001055102
TMUS	T MOBILE US INC	80,317	$6.327M	1.1%	$78.78 *	$60.49	+25.8%	COM	872590104
AVGO	BROADCOM INC	22,186	$6.125M	1.0%	$276.08 *	$18.86	+24.7%	COM	11135F101
NXPI	NXP SEMICONDUCTORS N V	53,429	$5.83M	1.0%	$109.12 *	$92.71	+6.1%	COM	N6596X109
ALB	ALBEMARLE CORP	83,286	$5.79M	1.0%	$69.52 *	$67.33	-4.8%	COM	012653101
—	DISCOVERY INC	213,303	$5.68M	1.0%	$26.63	$26.63	—	COM SER A	25470F104
KLIC	KULICKE & SOFFA INDS INC	230,000	$5.4M	0.9%	$23.48 *	$20.85	+1.5%	COM	501242101
SLV	ISHARES SILVER TRUST	303,575	$4.833M	0.8%	$15.92	$15.42	+3.3%	ISHARES	46428Q109
—	BARRICK GOLD CORPORATION	263,748	$4.571M	0.8%	$17.33	$13.71	—	COM	067901108
SEE	SEALED AIR CORP NEW	109,341	$4.539M	0.8%	$41.51 *	$39.05	-5.3%	COM	81211K100
MMM	3M CO	25,947	$4.266M	0.7%	$164.41 *	$129.56	-15.7%	COM	88579Y101
JEF	JEFFERIES FINL GROUP INC	227,000	$4.177M	0.7%	$18.40 *	$16.63	-13.1%	COM	47233W109
CYD	CHINA YUCHAI INTL LTD	293,100	$3.796M	0.6%	$12.95 *	$13.95	-29.9%	COM	G21082105
PFE	PFIZER INC	96,061	$3.451M	0.6%	$35.93 *	$24.24	+4.8%	COM	717081103
QCOM	QUALCOMM INC	45,160	$3.445M	0.6%	$76.28 *	$51.48	+28.7%	COM	747525103
JNJ	JOHNSON & JOHNSON	25,572	$3.309M	0.6%	$129.40 *	$106.70	+1.7%	COM	478160104
RGLD	ROYAL GOLD INC	26,040	$3.208M	0.5%	$123.20	$82.30	+49.7%	COM	780287108
VZ	VERIZON COMMUNICATIONS INC	49,031	$2.96M	0.5%	$60.37 *	$33.03	+28.4%	COM	92343V104
PAAS	PAN AMERICAN SILVER CORP	183,984	$2.885M	0.5%	$15.68	$14.00	+12.0%	COM	697900108
MO	ALTRIA GROUP INC	67,695	$2.769M	0.5%	$40.90 *	$34.10	-26.9%	COM	02209S103
BEN	FRANKLIN RES INC	94,216	$2.719M	0.5%	$28.86 *	$22.81	-6.7%	COM	354613101
MRK	MERCK & CO INC	31,354	$2.639M	0.4%	$84.17 *	$42.25	+56.1%	COM	58933Y105
CBOE	CBOE GLOBAL MARKETS INC	21,935	$2.521M	0.4%	$114.93 *	$91.81	+15.2%	COM	12503M108
THO	THOR INDS INC	43,670	$2.473M	0.4%	$56.63 *	$57.93	-14.4%	COM	885160101
—	OAKTREE SPECIALTY LENDING CO	470,540	$2.437M	0.4%	$5.18	$4.42	—	COM	67401P108
CMI	CUMMINS INC	14,500	$2.359M	0.4%	$162.69 *	$122.60	+13.4%	COM	231021106
ADNT	ADIENT PLC	100,973	$2.318M	0.4%	$22.96	$57.12	-59.8%	ORD SHS	G0084W101
PM	PHILIP MORRIS INTL INC	29,850	$2.267M	0.4%	$75.95 *	$60.63	-9.0%	COM	718172109
—	LIBERTY GLOBAL PLC	86,910	$2.068M	0.4%	$23.79	$30.06	—	SHS CL C	G5480U120
AAPL	APPLE INC	8,606	$1.927M	0.3%	$223.91 *	$40.42	+33.3%	COM	037833100
AMZN	AMAZON COM INC	1,088	$1.889M	0.3%	$1736.21 *	$71.51	+21.4%	COM	023135106
UNM	UNUM GROUP	60,000	$1.783M	0.3%	$29.72	$52.25	-43.1%	COM	91529Y106
GPRO	GOPRO INC	334,597	$1.735M	0.3%	$5.19	$5.72	-9.4%	CL A	38268T103
—	WASHINGTON PRIME GROUP NEW	408,797	$1.692M	0.3%	$4.14	$6.67	—	COM	93964W108
USB	US BANCORP DEL	30,100	$1.666M	0.3%	$55.35 *	$39.92	+6.3%	COM NEW	902973304
BNS	BANK N S HALIFAX	28,600	$1.626M	0.3%	$56.85 *	$40.96	-0.4%	COM	064149107
—	WESTERN AST INFL LKD OPP & I	146,725	$1.626M	0.3%	$11.08	$11.32	—	COM	95766R104
—	LINDE PLC	8,000	$1.55M	0.3%	$193.75	$158.15	—	SHS	G5494J103
GNTX	GENTEX CORP	56,000	$1.542M	0.3%	$27.54	$22.76	+21.0%	COM	371901109
—	INTEVAC INC	293,646	$1.539M	0.3%	$5.24	$6.90	—	COM	461148108
ATR	APTARGROUP INC	12,939	$1.533M	0.3%	$118.48 *	$79.58	+37.1%	COM	038336103
RY	ROYAL BK CDA MONTREAL QUE	18,100	$1.469M	0.2%	$81.16	$77.84	+4.3%	COM	780087102
NVS	NOVARTIS A G	15,848	$1.377M	0.2%	$86.89	$76.12	+14.2%	SPONSORED ADR	66987V109
PCH	POTLATCHDELTIC CORPORATION	33,322	$1.369M	0.2%	$41.08	$48.46	—	COM	737630103
INTC	INTEL CORP	26,187	$1.349M	0.2%	$51.51 *	$40.06	+12.8%	COM	458140100
—	BLACKROCK MUNIYIELD NY QLTY	100,600	$1.314M	0.2%	$13.06	$12.05	—	COM	09255E102
CL	COLGATE PALMOLIVE CO	16,200	$1.191M	0.2%	$73.52 *	$54.60	+16.2%	COM	194162103
MNST	MONSTER BEVERAGE CORP NEW	19,650	$1.141M	0.2%	$58.07 *	$29.13	-0.3%	COM	61174X109
CGNX	COGNEX CORP	23,000	$1.13M	0.2%	$49.13 *	$44.22	+4.4%	COM	192422103
PHI	PLDT INC	50,000	$1.1M	0.2%	$22.00	$22.78	-3.4%	SPONSORED ADR	69344D408
—	ARQULE INC	150,000	$1.076M	0.2%	$7.17	$2.88	—	COM	04269E107
—	ATHENE HLDG LTD	24,705	$1.039M	0.2%	$42.06	$40.80	—	CL A	G0684D107
APLE	APPLE HOSPITALITY REIT INC	62,460	$1.036M	0.2%	$16.59	$14.27	—	COM NEW	03784Y200
DIS	DISNEY WALT CO	7,464	$973K	0.2%	$130.36 *	$101.39	+24.8%	COM DISNEY	254687106
—	CURIS INC	416,014	$932K	0.2%	$2.24	$1.73	—	COM NEW	231269200
—	GOPRO INC	900,000	$900K	0.2%	$1.00	$0.93	—	NOTE 3.500% 4/1	38268TAB9
—	PREMIER INC	29,600	$856K	0.1%	$28.92	$34.49	—	CL A	74051N102
PSLV	SPROTT PHYSICAL SILVER TR	136,709	$853K	0.1%	$6.24	$6.04	—	TR UNIT	85207K107
DD	DUPONT DE NEMOURS INC	11,366	$811K	0.1%	$71.35 *	$27.24	-3.2%	COM	26614N102
UNP	UNION PACIFIC CORP	5,000	$810K	0.1%	$162.00 *	$113.06	+24.7%	COM	907818108
—	ALLEGHANY CORP DEL	1,000	$798K	0.1%	$798.00	$614.42	—	COM	017175100
WMT	WALMART INC	6,690	$794K	0.1%	$118.68 *	$26.00	+39.2%	COM	931142103
CMCSA	COMCAST CORP NEW	17,500	$789K	0.1%	$45.09 *	$30.58	+24.8%	CL A	20030N101
FTI	TECHNIPFMC PLC	31,900	$770K	0.1%	$24.14 *	$21.36	-19.7%	COM	G87110105
—	TEEKAY TANKERS LTD	562,200	$731K	0.1%	$1.30	$1.19	—	CL A	Y8565N102
L	LOEWS CORP	14,000	$721K	0.1%	$51.50 *	$48.83	+2.7%	COM	540424108
LBTYAUSD	LIBERTY GLOBAL PLC	28,809	$713K	0.1%	$24.75	$31.31	—	SHS CL A	G5480U104
—	GENERAL ELECTRIC CO	77,301	$691K	0.1%	$8.94	$12.83	—	COM	369604103
DGICA	DONEGAL GROUP INC	43,932	$644K	0.1%	$14.66 *	$11.58	-4.7%	CL A	257701201
META	FACEBOOK INC	3,500	$623K	0.1%	$178.00	$178.31	-0.8%	CL A	30303M102
CAG	CONAGRA BRANDS INC	19,762	$606K	0.1%	$30.66 *	$27.24	-13.1%	COM	205887102
AXP	AMERICAN EXPRESS CO	5,000	$591K	0.1%	$118.20 *	$87.01	+24.8%	COM	025816109
GVA	GRANITE CONSTR INC	17,604	$566K	0.1%	$32.15	$56.52	-43.1%	COM	387328107
MET	METLIFE INC	10,800	$509K	0.1%	$47.13 *	$36.85	+3.7%	COM	59156R108
STZ	CONSTELLATION BRANDS INC	2,400	$497K	0.1%	$207.08 *	$194.12	-3.7%	CL A	21036P108
—	WESTERN ASST INFLTN LKD INM	42,711	$495K	0.1%	$11.59	$11.55	—	COM SH BEN INT	95766Q106
LW	LAMB WESTON HLDGS INC	6,587	$479K	0.1%	$72.72 *	$50.37	+30.8%	COM	513272104
—	VAPOTHERM INC	50,000	$474K	0.1%	$9.48	$18.67	—	COM	922107107
—	DEAN FOODS CO NEW	399,170	$463K	0.1%	$1.16	$6.01	—	COM NEW	242370203
HON	HONEYWELL INTL INC	2,650	$448K	0.1%	$169.06 *	$117.52	+19.2%	COM	438516106
CC	CHEMOURS CO	28,600	$427K	0.1%	$14.93 *	$18.93	-38.6%	COM	163851108
MUR	MURPHY OIL CORP	19,226	$425K	0.1%	$22.11 *	$21.71	-18.7%	COM	626717102
GOOG	ALPHABET INC	341	$416K	0.1%	$1219.94 *	$54.79	+10.4%	CAP STK CL C	02079K107
JPM	JPMORGAN CHASE & CO	3,412	$402K	0.1%	$117.82 *	$91.43	+8.2%	COM	46625H100
—	AVANGRID INC	7,666	$401K	0.1%	$52.31	$51.11	—	COM	05351W103
MDLZ	MONDELEZ INTL INC	6,920	$383K	0.1%	$55.35 *	$35.85	+32.3%	CL A	609207105
XOM	EXXON MOBIL CORP	5,228	$369K	0.1%	$70.58 *	$55.74	-5.3%	COM	30231G102
MSFT	MICROSOFT CORP	2,600	$361K	0.1%	$138.85 *	$84.74	+55.3%	COM	594918104
NAT	NORDIC AMERICAN TANKERS LIMI	166,000	$359K	0.1%	$2.16	$2.29	-5.7%	COM	G65773106
CSCO	CISCO SYS INC	7,200	$356K	0.1%	$49.44 *	$33.46	+21.6%	COM	17275R102
CHTR	CHARTER COMMUNICATIONS INC N	654	$270K	0.0%	$412.84	$351.59	+17.2%	CL A	16119P108
—	CONSOLIDATED TOMOKA LD CO	4,000	$262K	0.0%	$65.50	$62.75	—	COM	210226106
LILAK	LIBERTY LATIN AMERICA LTD	15,183	$260K	0.0%	$17.12 *	$20.25	-20.5%	COM CL C	G9001E128
—	NEW GERMANY FD INC	18,281	$253K	0.0%	$13.84	$18.38	—	COM	644465106
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,150	$239K	0.0%	$207.83	$205.34	+1.3%	CL B NEW	084670702
GERN	GERON CORP	154,700	$206K	0.0%	$1.33	$2.70	-50.8%	COM	374163103
INVE	IDENTIV INC	29,500	$155K	0.0%	$5.25	$3.73	+41.0%	COM NEW	45170X205
—	SIRIUS XM HLDGS INC	20,000	$125K	0.0%	$6.25	$6.25	—	COM	82968B103
—	NEWLINK GENETICS CORP	10,000	$16,000	0.0%	$1.60	$7.25	—	COM	651511107
—	SANOFI	18,900	$11,000	0.0%	$0.58	$0.42	—	RIGHT 12/31/2020	80105N113