Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	26,271	$6.3M	7.0%	$239.81 *	$51.56	+354.3%	COM	594918104
—	FLEX LTD F	180,886	$3.882M	4.3%	$21.46	$16.32	—	COM	y2573f102
—	NUTRIEN LTD F	52,178	$3.811M	4.2%	$73.04	$48.00	—	COM	67077m108
—	M & T BANK CORP	22,853	$3.315M	3.7%	$145.06	$161.94	—	COM	55261f104
—	RANGE RESOURCES CORP	128,634	$3.218M	3.6%	$25.02	$19.25	—	COM	75281a109
—	BUNGE LIMITED F	31,427	$3.135M	3.5%	$99.75	$57.14	—	COM	g16962105
NEM	NEWMONT CORP	62,574	$2.953M	3.3%	$47.19 *	$21.39	+103.5%	COM	651639106
—	ISHARES SILVER TRUST ETF IV	131,782	$2.902M	3.2%	$22.02	$14.50	—	ISHARES	46428q109
—	PETROLEO BRASILEIRO F SPONSORE	254,575	$2.711M	3.0%	$10.65	$8.70	—	ADR	71654v408
—	DIANA SHIPPING INC F TENDER OF	642,680	$2.506M	2.8%	$3.90	$2.61	—	COM	y2066g104
—	INTERNATIONAL SEAWAYS INC	65,408	$2.421M	2.7%	$37.01	$14.59	—	COM	y41053102
AMGN	AMGEN INC.	8,490	$2.23M	2.5%	$262.66 *	$144.43	+65.2%	COM	031162100
—	FRONTLINE PLC	178,639	$2.169M	2.4%	$12.14	$12.14	—	COM	m46528101
—	TOTALENERGIES SE	33,740	$2.095M	2.3%	$62.09	$49.67	—	ADR	89151e109
—	PROSHARES SHORT S&P500	130,707	$2.095M	2.3%	$16.03	$25.03	—	COM	74347b425
—	ANGOLD ASHANTI F SPONSORED ADR	106,330	$2.065M	2.3%	$19.42	$13.96	—	ADR	035128206
—	BANCO BILBAO VIZCAYA A F SPONS	338,952	$2.037M	2.3%	$6.01	$7.54	—	ADR	05946k101
—	PROSHARES SHORT QQQ ETF IV	138,396	$2.037M	2.3%	$14.72	$14.65	—	COM	74347b714
PAAS	PAN AMERICAN SILVER CORP F	124,183	$2.029M	2.2%	$16.34	$13.15	+24.3%	COM	697900108
COLB	COLUMBIA BANKING SYS	67,329	$2.029M	2.2%	$30.14 *	$24.81	+1.3%	COM	197236102
NOK	NOKIA CORP F SPONSORED ADR 1 A	416,603	$1.933M	2.1%	$4.64	$4.99	-7.0%	ADR	654902204
—	SCHNITZER STL INDS CLASS A	62,892	$1.928M	2.1%	$30.66	$23.35	—	COM	806882106
HL	HECLA MINING CO	344,039	$1.913M	2.1%	$5.56	$2.98	+83.6%	COM	422704106
—	LAZARD LTD F CLASS A	54,380	$1.885M	2.1%	$34.66	$45.76	—	COM	g54050102
AA	ALCOA CORP	40,969	$1.863M	2.1%	$45.47 *	$23.36	+87.7%	COM	013872106
FLR	FLUOR CORP	52,192	$1.809M	2.0%	$34.66	$38.73	-10.5%	COM	343412102
HTLD	HEARTLAND EXPRESS	114,426	$1.755M	1.9%	$15.34	$17.49	-12.3%	COM	422347104
—	TELEFONICA BRASIL S. F SPONSOR	226,502	$1.619M	1.8%	$7.15	$8.84	—	ADR	87936r205
—	ENEL CHILE S A F SPONSORED ADR	703,745	$1.583M	1.8%	$2.25	$2.89	—	ADR	29278d105
TPC	TUTOR PERINI CORP	200,365	$1.513M	1.7%	$7.55	$10.88	-30.6%	COM	901109108
—	DOLE PLC F	137,391	$1.326M	1.5%	$9.65	$13.11	—	COM	g27907107
CERS	CERUS CORP	304,280	$1.111M	1.2%	$3.65	$5.21	-30.0%	COM	157085101
INTC	INTEL CORP	34,910	$923K	1.0%	$26.44 *	$44.60	-42.9%	COM	458140100
AAPL	APPLE INC	6,748	$877K	1.0%	$129.96	$101.59	+26.0%	COM	037833100
MCD	MCDONALDS CORP	3,188	$840K	0.9%	$263.49 *	$136.64	+79.9%	COM	580135101
SWBI	SMITH & WESSON BRANDS INC	88,024	$764K	0.8%	$8.68	$13.21	-34.3%	COM	831754106
PEP	PEPSICO INC	3,727	$673K	0.7%	$180.57 *	$89.25	+83.3%	COM	713448108
JNJ	JOHNSON & JOHNSON	3,727	$658K	0.7%	$176.55 *	$113.37	+42.2%	COM	478160104
—	MERCK & CO. INC.	5,100	$566K	0.6%	$110.98	$54.79	—	COM	58933y105
—	UNITEDHEALTH GRP INC	1,065	$565K	0.6%	$530.52	$220.46	—	COM	91324p102
PG	PROCTER & GAMBLE	3,685	$558K	0.6%	$151.42 *	$67.87	+107.0%	COM	742718109
—	1/100 BERKSHIRE HTWY CLA 100 S	100	$469K	0.5%	$4690.00	$4700.00	—	COM	084990175
CVX	CHEVRON CORP	2,465	$442K	0.5%	$179.31 *	$80.94	+95.5%	COM	166764100
—	ABBVIE INC	2,599	$420K	0.5%	$161.60	$101.45	—	COM	00287y109
—	AMERISERV FINL	100,000	$393K	0.4%	$3.93	$4.15	—	COM	03074a102
BKUTK	BANK OF UTICA N Y	1,000	$389K	0.4%	$389.00 *	$267.19	+28.0%	COM	065437204
CVS	CVS HEALTH CORP	4,125	$384K	0.4%	$93.09 *	$54.56	+52.3%	COM	126650100
—	WALGREENS BOOTS ALLI	10,189	$381K	0.4%	$37.39	$65.46	—	COM	931427108
—	EXXON MOBIL CORP	3,366	$371K	0.4%	$110.22	$55.87	—	COM	30231g102
SYY	SYSCO CORP	4,781	$365K	0.4%	$76.34 *	$49.25	+42.1%	COM	871829107
SCHX	SCHWAB US LARGE CAP ETF	7,773	$351K	0.4%	$45.16 *	$14.18	+6.1%	COM	808524201
BRT	BRT APARTMENTS CORP	17,500	$344K	0.4%	$19.66	$7.00	—	COM	055645303
TMO	THERMO FISHER SCNTFC	546	$301K	0.3%	$551.28	$333.60	+63.6%	COM	883556102
ABT	ABBOTT LABORATORIES	2,689	$295K	0.3%	$109.71 *	$96.66	+7.2%	COM	002824100
—	SPDR GOLD SHARES ETF	1,600	$271K	0.3%	$169.38	$118.23	—	COM	78463v107
BA	BOEING CO	1,362	$259K	0.3%	$190.16	$163.57	+16.5%	COM	097023105
AMZN	AMAZON.COM INC	2,902	$244K	0.3%	$84.08	$124.05	-32.3%	COM	023135106
KO	THE COCA-COLA CO	3,737	$238K	0.3%	$63.69 *	$49.18	+18.2%	COM	191216100
TSCO	TRACTOR SUPPLY COMP	1,000	$225K	0.2%	$225.00 *	$40.21	+6.2%	COM	892356106
—	ORACLE CORP	2,736	$224K	0.2%	$81.87	$81.87	—	COM	68389x105
SCHF	SCHWAB INTERNATIONAL EQUITY ET	6,686	$215K	0.2%	$32.16 *	$15.61	+3.2%	COM	808524805
—	VANGUARD INFORMATION TECHNOLO	669	$214K	0.2%	$319.88	$422.31	—	COM	92204a702
—	ANTERO RESOURCES COR	6,760	$209K	0.2%	$30.92	$30.47	—	COM	03674x106
—	SPDR S&P MIDCAP 400 ETF IV	470	$208K	0.2%	$442.55	$442.55	—	COM	78467y107
ORA	ORMAT TECHNOLOGIES	2,315	$200K	0.2%	$86.39	$88.05	-3.6%	COM	686688102
—	SOUTHWESTERN ENERGY	14,790	$87,000	0.1%	$5.88	$1.69	—	COM	845467109
—	OCEANPAL INC F	73,238	$81,000	0.1%	$1.11	$1.11	—	COM	Y6430L160
—	NEL ASA ORD F	13,725	$19,000	0.0%	$1.38	$1.31	—	COM	r4s21l127