Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	LAZARD LTD LP	109,513	$5.756M	4.5%	$46.33	—	COM	g54050102
—	FLEXTRONICS INTL LTD F	325,215	$5.311M	4.2%	$16.31	—	COM	y2573f102
—	BANCO BILBAO ARGEN F SPONSORED	621,003	$4.906M	3.8%	$7.62	—	ADR	05946k101
—	NUTRIEN LTD	103,584	$4.895M	3.8%	$47.26	—	COM	67077m108
ORANY	ORANGE SA F SPONSORED ADR 1 AD	276,576	$4.724M	3.7%	$12.60	—	ADR	684060106
NEM	NEWMONT MINING CORP	119,534	$4.67M	3.7%	$20.32	+50.8%	COM	651639106
—	M & T BANK CORP	25,263	$4.657M	3.7%	$161.94	—	COM	55261f104
ANF	ABERCROMBIE & FITCH CLASS A	182,182	$4.411M	3.5%	$14.88	+29.3%	COM	002896207
—	M D C HOLDING INC	156,635	$4.373M	3.4%	$25.75	—	COM	552676108
FE	FIRSTENERGY CORP	128,488	$4.37M	3.4%	$19.33	+20.5%	COM	337932107
—	BUNGE LIMITED F	58,000	$4.288M	3.4%	$56.71	—	COM	g16962105
—	PROSHARES SHORT S&P 500 ETF NE	139,693	$4.233M	3.3%	$38.96	—	COM	74347b425
—	EXELON CORPORATION	104,293	$4.068M	3.2%	$31.19	—	COM	30161n101
—	DEUTSCHE BANK F	279,568	$3.908M	3.1%	$17.79	—	ADR	d18190898
F	FORD MOTOR COMPANY	324,046	$3.59M	2.8%	$7.64	-2.0%	COM	345370860
—	SCHNITZER STL INDS CLASS A	110,708	$3.581M	2.8%	$22.69	—	COM	806882106
JOE	ST JOE COMPANY	186,434	$3.514M	2.8%	$18.62	-0.5%	COM	790148100
—	CHINA MOBILE LTD F SPONSORED A	76,382	$3.494M	2.7%	$52.78	—	ADR	16941m109
PAAS	PAN AMERICAN SILVER F	216,259	$3.493M	2.7%	$11.73	+35.7%	COM	697900108
—	EMBRAER SA	133,778	$3.478M	2.7%	$22.61	—	ADR	29082a107
—	TOTAL S A F SPONSORED ADR 1 AD	60,124	$3.469M	2.7%	$49.58	—	ADR	89151e109
WMK	WEIS MARKETS, INC	83,487	$3.421M	2.7%	$32.80	0.0%	COM	948849104
FLR	FLUOR CORP	58,045	$3.321M	2.6%	$43.82	+23.8%	COM	343412102
—	PETROLEO BRASILEIRO F SPONSORE	223,341	$3.158M	2.5%	$10.04	—	ADR	71654v408
CERS	CERUS CORP	572,591	$3.138M	2.5%	$5.16	-12.0%	COM	157085101
BP	BP PLC F SPONSORED ADR 1 ADR R	74,954	$3.039M	2.4%	$48.01	—	ADR	055622104
MSFT	MICROSOFT CORP	30,253	$2.761M	2.2%	$51.56	+63.5%	COM	594918104
—	GROUPON INC	585,900	$2.543M	2.0%	$4.93	—	COM	399473107
—	ANGLOGOLD ASHANTI F SPONSORED	259,667	$2.464M	1.9%	$10.98	—	ADR	035128206
UVV	UNIVERSAL CORP	43,735	$2.121M	1.7%	$49.59	0.0%	COM	913456109
TEVA	TEVA PHARM INDS LTD F SPONSORE	108,008	$1.846M	1.4%	$31.18	—	ADR	881624209
AMGN	AMGEN INCORPORATED	8,416	$1.435M	1.1%	$144.43	0.0%	COM	031162100
—	CARBO CERAMICS INC	163,416	$1.185M	0.9%	$7.25	—	COM	140781105
—	WALGREENS BOOTS ALLIANCE INC	10,189	$667K	0.5%	$65.46	—	COM	931427108
CVS	CVS HEALTH CORP	9,484	$590K	0.5%	$55.85	0.0%	COM	126650100
BKUTK	BANK OF UTICA N Y	1,000	$515K	0.4%	$267.19	+43.6%	COM	065437204
MCD	MCDONALD'S CORP	3,188	$499K	0.4%	$136.66	0.0%	COM	580135101
JNJ	JOHNSON & JOHNSON	3,397	$435K	0.3%	$108.36	0.0%	COM	478160104
BA	BOEING CO	1,316	$432K	0.3%	$322.88	0.0%	COM	097023105
PEP	PEPSICO INCORPORATED	3,727	$407K	0.3%	$89.25	0.0%	COM	713448108
—	AMERISERV FINANCIAL	100,000	$400K	0.3%	$4.15	—	COM	03074a102
AAPL	APPLE INC	2,036	$342K	0.3%	$19.44	+107.9%	COM	037833100
—	FACEBOOK INC CLASS A	2,122	$339K	0.3%	$110.00	—	COM	30303m102
PG	PROCTER & GAMBLE	4,240	$336K	0.3%	$67.87	0.0%	COM	742718109
AMZN	AMAZON COM INC	217	$314K	0.2%	$71.51	0.0%	COM	023135106
—	1/100 BERKSHIRE HTWY CLA 100 S	100	$299K	0.2%	$2130.00	—	COM	084990175
SYY	SYSCO CORP	4,781	$287K	0.2%	$49.25	0.0%	COM	871829107
—	MERCK & CO INC	4,863	$265K	0.2%	$54.49	—	COM	58933y105
—	UNITEDHEALTH GROUP INC	1,230	$263K	0.2%	$213.82	—	COM	91324p102
—	CISCO SYSTEMS INC	5,477	$235K	0.2%	$42.91	—	COM	17275r102
BRT	BRT APARTMENTS CORP	20,000	$235K	0.2%	$7.00	—	COM	055645303
DIS	WALT DISNEY CO	2,306	$232K	0.2%	$100.96	0.0%	COM	254687106
—	SPDR GOLD SHARES ETF	1,810	$228K	0.2%	$118.23	—	COM	78463v107
—	ABBVIE INC	2,221	$210K	0.2%	$94.55	—	COM	00287y109
OMER	OMEROS CORP	17,075	$191K	0.1%	$9.21	+52.5%	COM	682143102
—	ISHARES GOLD ETF	10,050	$128K	0.1%	$11.94	—	ISHARES	464285105
—	THEMAVEN INC	14,000	$22,000	0.0%	$1.07	—	COM	88339b102
—	SEACO LTD ORD F	20,000	$0	0.0%	—	—	COM	g79441104