Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NUTRIEN LTD	91,242	$4.814M	4.1%	$47.26	—	COM	67077m108
FE	FIRSTENERGY CORP	113,420	$4.719M	4.0%	$19.33	+55.3%	COM	337932107
—	TELEFONICA BRASIL SA	383,710	$4.631M	4.0%	$9.73	—	COM	87936r106
—	EXELON CORPORATION	92,333	$4.629M	4.0%	$31.19	—	COM	30161n101
—	M D C HOLDING INC	148,935	$4.328M	3.7%	$25.75	—	COM	552676108
PAAS	PAN AMERICAN SILVER F	307,633	$4.076M	3.5%	$12.67	+10.5%	COM	697900108
ORANY	ORANGE SA F SPONSORED ADR 1 AD	245,889	$4.008M	3.4%	$12.60	—	ADR	684060106
—	M & T BANK CORP	24,843	$3.901M	3.3%	$161.94	—	COM	55261f104
NEM	NEWMONT MINING CORP	106,844	$3.822M	3.3%	$20.32	+34.5%	COM	651639106
—	CHINA MOBILE LTD F SPONSORED A	71,207	$3.631M	3.1%	$52.37	—	ADR	16941m109
—	SPDR BLOOMBERG BARCLAYS 1-3 MO	39,604	$3.628M	3.1%	$91.58	—	COM	78468r663
MSFT	MICROSOFT CORP	30,047	$3.544M	3.0%	$51.56	+98.4%	COM	594918104
—	PROSHARES SHORT S&P 500 ETF NE	124,569	$3.444M	2.9%	$38.96	—	COM	74347b425
—	LAZARD LTD LP	89,791	$3.245M	2.8%	$46.33	—	COM	g54050102
—	BANCO BILBAO ARGEN F SPONSORED	558,356	$3.199M	2.7%	$7.62	—	ADR	05946k101
CERS	CERUS CORP	509,895	$3.177M	2.7%	$5.16	+17.5%	COM	157085101
—	PETROLEO BRASILEIRO F SPONSORE	195,538	$3.113M	2.7%	$10.04	—	ADR	71654v408
BEN	FRANKLIN RESOURCES INC	93,740	$3.107M	2.7%	$23.54	-3.5%	COM	354613101
WMK	WEIS MARKETS, INC	75,702	$3.089M	2.6%	$32.80	+22.8%	COM	948849104
AA	ALCOA CORP	109,475	$3.083M	2.6%	$27.32	0.0%	COM	013872106
FLR	FLUOR CORP	82,834	$3.048M	2.6%	$40.87	-14.0%	COM	343412102
—	ANGLOGOLD ASHANTI F SPONSORED	229,503	$3.006M	2.6%	$10.98	—	ADR	035128206
—	TOTAL S A F SPONSORED ADR 1 AD	53,780	$2.993M	2.6%	$49.58	—	ADR	89151e109
—	FLEXTRONICS INTL LTD F	290,429	$2.904M	2.5%	$16.31	—	COM	y2573f102
BP	BP PLC F SPONSORED ADR 1 ADR R	64,341	$2.813M	2.4%	$48.01	—	ADR	055622104
—	BUNGE LIMITED F	51,002	$2.707M	2.3%	$56.71	—	COM	g16962105
JOE	ST JOE COMPANY	162,596	$2.681M	2.3%	$18.62	-17.3%	COM	790148100
DAKT	DAKTRONICS INC	328,016	$2.444M	2.1%	$7.76	-3.9%	COM	234264109
—	SCHNITZER STL INDS CLASS A	96,424	$2.314M	2.0%	$22.69	—	COM	806882106
—	EMBRAER SA	119,997	$2.281M	2.0%	$22.61	—	COM	29082a107
—	DIANA SHIPPING INC F	584,669	$1.649M	1.4%	$2.82	—	COM	y2066g104
AMGN	AMGEN INCORPORATED	8,490	$1.613M	1.4%	$144.43	+7.1%	COM	031162100
TEVA	TEVA PHARM INDS LTD F SPONSORE	102,468	$1.607M	1.4%	$30.66	—	ADR	881624209
CVS	CVS HEALTH CORP	12,135	$654K	0.6%	$54.76	-9.7%	COM	126650100
—	WALGREENS BOOTS ALLIANCE INC	10,189	$645K	0.6%	$65.46	—	COM	931427108
AMZN	AMAZON COM INC	351	$625K	0.5%	$76.08	+9.4%	COM	023135106
MCD	MCDONALD'S CORP	3,229	$613K	0.5%	$136.64	+13.1%	COM	580135101
—	CARBO CERAMICS INC	144,301	$505K	0.4%	$7.25	—	COM	140781105
JNJ	JOHNSON & JOHNSON	3,492	$488K	0.4%	$108.12	+2.1%	COM	478160104
BA	BOEING CO	1,262	$481K	0.4%	$323.39	+16.0%	COM	097023105
AAPL	APPLE INC	2,517	$478K	0.4%	$23.91	+69.1%	COM	037833100
BKUTK	BANK OF UTICA N Y	1,000	$470K	0.4%	$267.19	+30.2%	COM	065437204
PEP	PEPSICO INCORPORATED	3,727	$457K	0.4%	$89.25	+3.6%	COM	713448108
PG	PROCTER & GAMBLE	4,131	$430K	0.4%	$67.87	+20.9%	COM	742718109
—	MERCK & CO INC	5,100	$424K	0.4%	$54.79	—	COM	58933y105
—	AMERISERV FINANCIAL	100,000	$402K	0.3%	$4.15	—	COM	03074a102
—	UNITEDHEALTH GROUP INC	1,303	$322K	0.3%	$216.23	—	COM	91324p102
SYY	SYSCO CORP	4,781	$319K	0.3%	$49.25	+9.9%	COM	871829107
—	CISCO SYSTEMS INC	5,811	$314K	0.3%	$42.91	—	COM	17275r102
—	FACEBOOK INC CLASS A	1,877	$313K	0.3%	$110.00	—	COM	30303m102
OMER	OMEROS CORP	17,735	$308K	0.3%	$9.70	+48.7%	COM	682143102
—	1/100 BERKSHIRE HTWY CLA 100 S	100	$301K	0.3%	$2130.00	—	COM	084990175
BRT	BRT APARTMENTS CORP	20,000	$278K	0.2%	$7.00	—	COM	055645303
DIS	WALT DISNEY CO	2,306	$256K	0.2%	$100.96	+6.9%	COM	254687106
—	SPDR GOLD SHARES ETF	1,810	$221K	0.2%	$118.23	—	COM	78463v107
CVX	CHEVRON CORPORATION	1,669	$206K	0.2%	$87.45	0.0%	COM	166764100
—	ISHARES GOLD ETF	10,050	$124K	0.1%	$11.94	—	ISHARES	464285105
SJT	SAN JUAN BASIN ROYALTY TRUST	12,260	$66,000	0.1%	$5.38	—	COM	798241105
—	THEMAVEN INC	14,000	$8,000	0.0%	$1.07	—	COM	88339b102
—	SEACO LTD ORD F	20,000	$0	0.0%	—	—	COM	g79441104