Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	27,960	$9.404M	9.4%	$51.56	+507.8%	COM	594918104
AA	ALCOA CORP	75,296	$4.486M	4.5%	$22.36	+114.3%	COM	013872106
—	NUTRIEN LTD	54,169	$4.074M	4.1%	$48.00	—	COM	67077m108
NEM	NEWMONT MINING CORP	63,452	$3.935M	3.9%	$20.62	+141.7%	COM	651639106
—	M & T BANK CORP	23,313	$3.58M	3.6%	$161.94	—	COM	55261f104
—	FLEXTRONICS INTL LTD F	181,985	$3.336M	3.3%	$16.33	—	COM	y2573f102
—	SCHNITZER STL INDS CLASS A	61,799	$3.209M	3.2%	$23.05	—	COM	806882106
PAAS	PAN AMERICAN SILVER F	126,590	$3.161M	3.2%	$12.94	+94.6%	COM	697900108
—	BUNGE LIMITED F	32,230	$3.009M	3.0%	$57.14	—	COM	g16962105
—	ISHARES SILVER TRUST ETF	133,049	$2.862M	2.9%	$14.40	—	ISHARES	46428q109
—	PETROLEO BRASILEIRO F SPONSORE	242,740	$2.665M	2.7%	$8.51	—	ADR	71654v408
NOK	NOKIA CORP SPON F SPONSORED AD	412,730	$2.567M	2.6%	$4.91	—	ADR	654902204
—	LAZARD LTD LP	55,483	$2.421M	2.4%	$45.76	—	COM	g54050102
—	DIANA SHIPPING INC F	614,739	$2.391M	2.4%	$2.57	—	COM	y2066g104
RRC	RANGE RESOURCES CORP	128,611	$2.293M	2.3%	$7.25	+197.5%	COM	75281A109
—	ANGLOGOLD ASHANTI F SPONSORED	107,444	$2.254M	2.3%	$13.86	—	ADR	035128206
CERS	CERUS CORP	320,073	$2.18M	2.2%	$5.21	+29.3%	COM	157085101
—	BANCO BILBAO ARGEN F SPONSORED	340,107	$1.996M	2.0%	$7.57	—	ADR	05946k101
—	TELEFONICA BRASIL SA	226,798	$1.962M	2.0%	$8.83	—	ADR	87936r205
AMGN	AMGEN INCORPORATED	8,490	$1.91M	1.9%	$144.43	+28.2%	COM	031162100
HTLD	HEARTLAND EXPRESS INC	111,140	$1.869M	1.9%	$17.56	-4.5%	COM	422347104
INTC	INTEL CORP	36,211	$1.865M	1.9%	$44.58	+6.1%	COM	458140100
INSW	INTERNATIONAL SEAWAYS INC	125,600	$1.844M	1.9%	$11.49	-2.0%	COM	Y41053102
HL	HECLA MINING CO	335,328	$1.75M	1.8%	$2.91	+87.9%	COM	422704106
—	DOLE PLC	130,820	$1.743M	1.7%	$13.32	—	COM	g27907107
—	TOTALENERGIES SE	34,554	$1.709M	1.7%	$49.53	—	ADR	89151e109
ORANY	ORANGE SA F SPONSORED ADR 1 AD	145,087	$1.531M	1.5%	$12.57	—	ADR	684060106
—	PROSHARES SHORT QQQ	126,209	$1.367M	1.4%	$14.86	—	COM	74347b714
FLR	FLUOR CORP	50,465	$1.25M	1.3%	$39.18	-45.7%	COM	343412102
AAPL	APPLE INC	6,803	$1.208M	1.2%	$101.59	+52.3%	COM	037833100
UVV	UNIVERSAL CORP	21,993	$1.208M	1.2%	$42.99	+15.9%	COM	913456109
—	ENEL CHILE SA	650,453	$1.177M	1.2%	$2.97	—	ADR	29278d105
—	FRONTLINE LTD	166,316	$1.176M	1.2%	$9.02	—	COM	G3682E192
—	PROSHARES SHORT S&P 500 ETF NE	83,440	$1.136M	1.1%	$29.66	—	COM	74347b425
TPC	TUTOR PERINI CORP	75,082	$929K	0.9%	$16.62	-19.5%	COM	901109108
DAKT	DAKTRONICS INC	180,170	$910K	0.9%	$7.73	-31.9%	COM	234264109
MCD	MCDONALD'S CORP	3,188	$855K	0.9%	$136.64	+68.0%	COM	580135101
PG	PROCTER & GAMBLE	4,125	$675K	0.7%	$67.87	+97.6%	COM	742718109
PEP	PEPSICO INCORPORATED	3,727	$647K	0.6%	$89.25	+60.7%	COM	713448108
—	UNITEDHEALTH GROUP INC	1,270	$638K	0.6%	$220.46	—	COM	91324p102
JNJ	JOHNSON & JOHNSON	3,727	$638K	0.6%	$113.37	+28.0%	COM	478160104
SCHX	SCHWAB US LARGE CAP ETF	5,189	$591K	0.6%	$81.32	—	COM	808524201
AMZN	AMAZON COM INC	162	$540K	0.5%	$84.77	+101.9%	COM	023135106
—	WALGREENS BOOTS ALLIANCE INC	10,189	$531K	0.5%	$65.46	—	COM	931427108
BRT	BRT APARTMENTS CORP	20,000	$480K	0.5%	$7.00	—	COM	055645303
BKUTK	BANK OF UTICA N Y	1,000	$452K	0.5%	$267.19	+41.5%	COM	065437204
BRK/A	1/100 BERKSHIRE HTWY CLA100 SH	100	$451K	0.5%	$431815.88	0.0%	COM	084670108
CVS	CVS HEALTH CORP	4,300	$444K	0.4%	$54.56	+47.5%	COM	126650100
—	MERCK & CO INC	5,100	$391K	0.4%	$54.79	—	COM	58933y105
—	AMERISERV FINANCIAL	100,000	$386K	0.4%	$4.15	—	COM	03074a102
—	ABBVIE INC	2,829	$383K	0.4%	$101.45	—	COM	00287y109
ABT	ABBOTT LABORATORIES	2,689	$378K	0.4%	$96.66	+22.8%	COM	002824100
SYY	SYSCO CORP	4,781	$376K	0.4%	$49.25	+39.7%	COM	871829107
DIS	WALT DISNEY CO	2,381	$369K	0.4%	$103.00	+53.2%	COM	254687106
TMO	THERMO FISHER SCNTFC	546	$364K	0.4%	$333.60	+85.0%	COM	883556102
CVX	CHEVRON CORPORATION	2,755	$323K	0.3%	$80.94	+18.7%	COM	166764100
SCHF	SCHWAB INTERNATIONAL EQUITY ET	8,255	$321K	0.3%	$36.55	—	COM	808524805
—	CISCO SYSTEMS INC	4,837	$307K	0.3%	$42.91	—	COM	17275r102
BA	BOEING CO	1,437	$289K	0.3%	$184.04	+14.8%	COM	097023105
—	C3AI INC	9,109	$285K	0.3%	$62.58	—	COM	12468p104
—	SPDR GOLD SHARES ETF	1,600	$274K	0.3%	$118.23	—	COM	78463v107
SBUX	STARBUCKS CORP	2,336	$273K	0.3%	$102.21	0.0%	COM	855244109
—	SPDR S&P MIDCAP 400 ETF	470	$243K	0.2%	$476.60	—	COM	78467y107
TSCO	TRACTOR SUPPLY COMP	1,000	$239K	0.2%	$35.98	+13.2%	COM	892356106
—	ORACLE CORP	2,736	$239K	0.2%	$77.85	—	COM	68389x105
—	EXXON MOBIL CORP	3,911	$239K	0.2%	$55.87	—	COM	30231g102
KO	COCA COLA COMPANY	3,737	$221K	0.2%	$49.18	0.0%	COM	191216100
OMER	OMEROS CORP	17,735	$114K	0.1%	$9.70	-25.2%	COM	682143102
—	SERA PROGNOSTICS INC	16,506	$113K	0.1%	$11.09	—	COM	81749d107
—	OCEANPAL INC	54,989	$112K	0.1%	$2.04	—	COM	Y6430L103
—	SOUTHWESTERN ENERGY CO	14,790	$69,000	0.1%	$1.69	—	COM	845467109
NLLSF	NEL ASA	13,725	$24,000	0.0%	$2.44	-23.1%	COM	R4S21L127