Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	26,602	$6.196M	7.5%	$232.91 *	$51.56	+339.9%	COM	594918104
—	NUTRIEN LTD F	52,368	$4.366M	5.3%	$83.37	$48.00	—	COM	67077m108
—	M & T BANK CORP	22,853	$4.029M	4.8%	$176.30	$161.94	—	COM	55261f104
—	RANGE RESOURCES CORP	128,582	$3.248M	3.9%	$25.26	$19.25	—	COM	75281a109
—	PETROLEO BRASILEIRO F SPONSORE	254,291	$3.138M	3.8%	$12.34	$8.70	—	ADR	71654v408
—	FLEX LTD F	182,651	$3.043M	3.7%	$16.66	$16.32	—	COM	y2573f102
NEM	NEWMONT CORP	62,383	$2.622M	3.2%	$42.03 *	$21.39	+79.1%	COM	651639106
—	BUNGE LIMITED F	31,549	$2.605M	3.1%	$82.57	$57.14	—	COM	g16962105
—	DIANA SHIPPING INC F TENDER OF	640,343	$2.312M	2.8%	$3.61	$2.61	—	COM	y2066g104
—	ISHARES SILVER TRUST ETF IV	131,806	$2.307M	2.8%	$17.50	$14.50	—	ISHARES	46428q109
—	INTERNATIONAL SEAWAYS INC	65,446	$2.299M	2.8%	$35.13	$14.59	—	COM	y41053102
—	PROSHARES SHORT S&P500	130,861	$2.261M	2.7%	$17.28	$25.03	—	COM	74347b425
—	PROSHARES SHORT QQQ ETF IV	138,145	$2.061M	2.5%	$14.92	$14.65	—	COM	74347b714
PAAS	PAN AMERICAN SILVER CORP F	125,398	$1.991M	2.4%	$15.88	$13.15	+20.8%	COM	697900108
COLB	COLUMBIA BANKING SYS	68,896	$1.99M	2.4%	$28.88 *	$24.81	-3.9%	COM	197236102
—	FRONTLINE LTD F	178,396	$1.95M	2.3%	$10.93	$6.66	—	COM	g3682e192
AMGN	AMGEN INC.	8,490	$1.914M	2.3%	$225.44 *	$144.43	+40.8%	COM	031162100
—	SCHNITZER STL INDS CLASS A	62,748	$1.786M	2.1%	$28.46	$23.35	—	COM	806882106
NOK	NOKIA CORP F SPONSORED ADR 1 A	416,969	$1.78M	2.1%	$4.27	$4.99	-14.4%	ADR	654902204
—	TELEFONICA BRASIL S. F SPONSOR	234,015	$1.76M	2.1%	$7.52	$8.84	—	ADR	87936r205
—	LAZARD LTD F CLASS A	54,821	$1.745M	2.1%	$31.83	$45.76	—	COM	g54050102
HTLD	HEARTLAND EXPRESS	114,239	$1.635M	2.0%	$14.31	$17.49	-18.2%	COM	422347104
—	TOTALENERGIES SE	34,104	$1.587M	1.9%	$46.53	$49.67	—	ADR	89151e109
—	BANCO BILBAO VIZCAYA A F SPONS	339,760	$1.512M	1.8%	$4.45	$7.54	—	ADR	05946k101
—	ANGOLD ASHANTI F SPONSORED ADR	106,728	$1.475M	1.8%	$13.82	$13.96	—	ADR	035128206
AA	ALCOA CORP	41,068	$1.382M	1.7%	$33.65 *	$23.36	+38.6%	COM	013872106
HL	HECLA MINING CO	343,598	$1.354M	1.6%	$3.94	$2.98	+30.0%	COM	422704106
FLR	FLUOR CORP	52,077	$1.296M	1.6%	$24.89	$38.73	-35.7%	COM	343412102
TPC	TUTOR PERINI CORP	208,552	$1.151M	1.4%	$5.52	$10.88	-49.3%	COM	901109108
CERS	CERUS CORP	308,346	$1.11M	1.3%	$3.60	$5.21	-30.9%	COM	157085101
—	DOLE PLC F	140,115	$1.023M	1.2%	$7.30	$13.11	—	COM	g27907107
DAKT	DAKTRONICS INC	373,036	$1.011M	1.2%	$2.71	$6.11	-55.7%	COM	234264109
—	ENEL CHILE S A F SPONSORED ADR	701,823	$969K	1.2%	$1.38	$2.89	—	ADR	29278d105
INTC	INTEL CORP	36,215	$933K	1.1%	$25.76 *	$44.60	-45.0%	COM	458140100
AAPL	APPLE INC	6,747	$932K	1.1%	$138.14	$101.59	+33.8%	COM	037833100
SWBI	SMITH & WESSON BRANDS INC	89,851	$932K	1.1%	$10.37	$13.21	-21.5%	COM	831754106
MCD	MCDONALDS CORP	3,188	$736K	0.9%	$230.87 *	$136.64	+56.7%	COM	580135101
JNJ	JOHNSON & JOHNSON	3,727	$609K	0.7%	$163.40 *	$113.37	+30.7%	COM	478160104
PEP	PEPSICO INC	3,727	$608K	0.7%	$163.13 *	$89.25	+64.7%	COM	713448108
—	UNITEDHEALTH GRP INC	1,065	$538K	0.6%	$505.16	$220.46	—	COM	91324p102
PG	PROCTER & GAMBLE	3,685	$465K	0.6%	$126.19 *	$67.87	+71.2%	COM	742718109
—	MERCK & CO. INC.	5,100	$439K	0.5%	$86.08	$54.79	—	COM	58933y105
—	1/100 BERKSHIRE HTWY CLA 100 S	100	$406K	0.5%	$4060.00	$4700.00	—	COM	084990175
BKUTK	BANK OF UTICA N Y	1,000	$402K	0.5%	$402.00 *	$267.19	+29.1%	COM	065437204
CVS	CVS HEALTH CORP	4,125	$393K	0.5%	$95.27 *	$54.56	+54.9%	COM	126650100
—	AMERISERV FINL	100,000	$380K	0.5%	$3.80	$4.15	—	COM	03074a102
BRT	BRT APARTMENTS CORP	17,500	$355K	0.4%	$20.29	$7.00	—	COM	055645303
CVX	CHEVRON CORP	2,465	$354K	0.4%	$143.61 *	$80.94	+55.3%	COM	166764100
—	ABBVIE INC	2,599	$349K	0.4%	$134.28	$101.45	—	COM	00287y109
SYY	SYSCO CORP	4,781	$338K	0.4%	$70.70 *	$49.25	+30.5%	COM	871829107
SCHX	SCHWAB US LARGE CAP ETF	7,883	$334K	0.4%	$42.37 *	$14.18	-0.5%	COM	808524201
AMZN	AMAZON.COM INC	2,880	$325K	0.4%	$112.85	$124.05	-8.9%	COM	023135106
—	WALGREENS BOOTS ALLI	10,189	$320K	0.4%	$31.41	$65.46	—	COM	931427108
—	EXXON MOBIL CORP	3,366	$294K	0.4%	$87.34	$55.87	—	COM	30231g102
TMO	THERMO FISHER SCNTFC	546	$277K	0.3%	$507.33	$333.60	+50.6%	COM	883556102
ABT	ABBOTT LABORATORIES	2,689	$260K	0.3%	$96.69 *	$96.66	-6.0%	COM	002824100
—	SPDR GOLD SHARES ETF	1,600	$247K	0.3%	$154.38	$118.23	—	COM	78463v107
—	VANGUARD INFORMATION TECHNOLO	693	$213K	0.3%	$307.36	$422.31	—	COM	92204a702
DIS	WALT DISNEY CO	2,231	$210K	0.3%	$94.13 *	$103.00	-10.5%	COM	254687106
KO	THE COCA-COLA CO	3,737	$209K	0.3%	$55.93 *	$49.18	+3.4%	COM	191216100
—	ANTERO RESOURCES COR	6,760	$206K	0.2%	$30.47	$30.47	—	COM	03674x106
—	SOUTHWESTERN ENERGY	14,790	$91,000	0.1%	$6.15	$1.69	—	COM	845467109
OMER	OMEROS CORP	17,735	$56,000	0.1%	$3.16	$9.70	-67.5%	COM	682143102
—	SERA PROGNOSTICS INC CLASS A	16,506	$26,000	0.0%	$1.58	$11.09	—	COM	81749d107
—	NEL ASA ORD F	13,725	$15,000	0.0%	$1.09	$1.31	—	COM	r4s21l127