Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	26,100	$7.525M	7.6%	$51.56	+383.8%	—	594918104
—	FLEX LTD	182,150	$4.191M	4.2%	$16.32	—	—	y2573f102
—	NUTRIEN LTD	53,478	$3.949M	4.0%	$48.63	—	—	67077m108
—	RANGE RESOURCES CORP	130,258	$3.448M	3.5%	$19.34	—	—	75281a109
NEM	NEWMONT CORP	64,833	$3.178M	3.2%	$22.20	+101.8%	—	651639106
PAAS	PAN AMERICAN SILVER CORP	171,035	$3.113M	3.1%	$14.26	+20.6%	—	697900108
—	BUNGE LIMITED	31,879	$3.045M	3.1%	$57.68	—	—	g16962105
—	FRONTLINE PLC	180,335	$2.986M	3.0%	$12.14	—	—	m46528101
—	ISHARES SILVER TRUST ETF	134,182	$2.968M	3.0%	$14.63	—	—	46428q109
—	INTERNATIONAL SEAWAYS INC	66,195	$2.759M	2.8%	$14.91	—	—	y41053102
—	M & T BANK CORP	22,853	$2.733M	2.8%	$161.94	—	—	55261f104
—	PETROLEO BRASILEIRO SPONSORED	258,571	$2.697M	2.7%	$8.73	—	—	71654v408
—	ANGOLD ASHANTI SPONSORED ADR	107,996	$2.612M	2.6%	$14.12	—	—	035128206
—	DIANA SHIPPING INC	652,649	$2.545M	2.6%	$2.63	—	—	y2066g104
INTC	INTEL CORP	75,598	$2.47M	2.5%	$35.41	-22.3%	—	458140100
—	BANCO BILBAO VIZCAYA A SPONSOR	342,623	$2.415M	2.4%	$7.53	—	—	05946k101
CX	CEMEX SAB DE CV SPONSORED ADR	404,674	$2.238M	2.3%	$5.53	—	—	151290889
HL	HECLA MINING CO	347,674	$2.201M	2.2%	$3.01	+87.8%	—	422704106
NOK	NOKIA CORP SPONSORED ADR	419,878	$2.062M	2.1%	$4.93	—	—	654902204
AMGN	AMGEN INC.	8,490	$2.052M	2.1%	$144.43	+55.1%	—	031162100
—	TOTALENERGIES SE	33,778	$1.995M	2.0%	$49.67	—	—	89151e109
—	SCHNITZER STL INDS CLASS A	63,617	$1.978M	2.0%	$23.44	—	—	806882106
—	PROSHARES SHORT S&P500	131,772	$1.977M	2.0%	$25.03	—	—	74347b425
—	ENEL CHILE S A SPONSORED ADR	706,424	$1.907M	1.9%	$2.89	—	—	29278d105
—	LAZARD LTD F CLASS A	55,659	$1.843M	1.9%	$45.47	—	—	g54050102
HTLD	HEARTLAND EXPRESS	115,502	$1.839M	1.9%	$17.49	-7.0%	—	422347104
—	TELEFONICA BRASIL S. F SPONSOR	236,172	$1.788M	1.8%	$8.79	—	—	87936r205
AA	ALCOA CORP	41,413	$1.763M	1.8%	$23.61	+97.0%	—	013872106
—	PROSHARES SHORT QQQ ETF	141,781	$1.727M	1.7%	$14.59	—	—	74347b714
—	DOLE PLC	141,464	$1.661M	1.7%	$13.07	—	—	g27907107
FLR	FLUOR CORP	52,457	$1.621M	1.6%	$38.73	-11.2%	—	343412102
COLB	COLUMBIA BANKING SYS	70,642	$1.513M	1.5%	$24.74	-5.9%	—	197236102
TPC	TUTOR PERINI CORP	209,169	$1.291M	1.3%	$10.76	-25.2%	—	901109108
SWBI	SMITH & WESSON BRANDS INC	90,507	$1.114M	1.1%	$13.15	-18.6%	—	831754106
AAPL	APPLE INC	6,750	$1.113M	1.1%	$101.59	+43.2%	—	037833100
CERS	CERUS CORP	307,692	$914K	0.9%	$5.19	-42.0%	—	157085101
MCD	MCDONALDS CORP	3,188	$891K	0.9%	$136.64	+83.3%	—	580135101
PEP	PEPSICO INC	3,727	$679K	0.7%	$89.25	+77.8%	—	713448108
JNJ	JOHNSON & JOHNSON	3,727	$578K	0.6%	$113.37	+30.4%	—	478160104
PG	PROCTER & GAMBLE	3,685	$548K	0.6%	$67.87	+96.3%	—	742718109
—	MERCK & CO. INC.	5,100	$543K	0.5%	$54.79	—	—	58933y105
—	UNITEDHEALTH GRP INC	1,065	$503K	0.5%	$220.46	—	—	91324p102
—	1/100 BERKSHIRE HTWY CLA 100 S	100	$466K	0.5%	$4700.00	—	—	084990175
—	ABBVIE INC	2,599	$414K	0.4%	$101.45	—	—	00287y109
CVX	CHEVRON CORP	2,465	$402K	0.4%	$80.94	+83.4%	—	166764100
—	EXXON MOBIL CORP	3,613	$396K	0.4%	$59.54	—	—	30231g102
BKUTK	BANK OF UTICA N Y	1,000	$371K	0.4%	$267.19	+28.8%	—	065437204
SYY	SYSCO CORP	4,781	$369K	0.4%	$49.25	+43.5%	—	871829107
—	WALGREENS BOOTS ALLI	10,189	$352K	0.4%	$65.46	—	—	931427108
BRT	BRT APARTMENTS CORP	17,500	$345K	0.3%	$7.00	—	—	055645303
SCHX	SCHWAB US LARGE CAP ETF	6,869	$332K	0.3%	$68.01	—	—	808524201
TMO	THERMO FISHER SCIENTIFIC INC	546	$315K	0.3%	$333.60	+67.5%	—	883556102
CVS	CVS HEALTH CORP	4,125	$307K	0.3%	$54.56	+37.8%	—	126650100
—	C3 AI INC CLASS A	9,109	$306K	0.3%	$33.59	—	—	12468p104
—	AMERISERV FINL	100,000	$305K	0.3%	$4.15	—	—	03074a102
—	SPDR GOLD SHARES ETF	1,600	$293K	0.3%	$118.23	—	—	78463v107
BA	BOEING CO	1,362	$289K	0.3%	$163.57	+27.0%	—	097023105
ABT	ABBOTT LABORATORIES	2,689	$272K	0.3%	$96.66	+3.5%	—	002824100
AMZN	AMAZON.COM INC	2,602	$269K	0.3%	$124.05	-22.1%	—	023135106
—	VANGUARD INFORMATION TECHNOLOG	669	$258K	0.3%	$422.31	—	—	92204a702
—	ORACLE CORP	2,736	$254K	0.3%	$81.87	—	—	68389x105
TSCO	TRACTOR SUPPLY COMP	1,000	$235K	0.2%	$40.21	+7.7%	—	892356106
KO	THE COCA-COLA CO	3,737	$232K	0.2%	$49.18	+12.7%	—	191216100
DIS	WALT DISNEY CO	2,231	$223K	0.2%	$98.50	0.0%	—	254687106
—	SPDR S&P MIDCAP 400 ETF IV	470	$215K	0.2%	$442.55	—	—	78467y107
—	CISCO SYSTEMS INC	4,087	$214K	0.2%	$52.36	—	—	17275r102
SBUX	STARBUCKS CORP	2,007	$209K	0.2%	$97.06	0.0%	—	855244109
SCHF	SCHWAB INTERNATIONAL EQUITY ET	5,789	$201K	0.2%	$32.16	—	—	808524805
—	SOUTHWESTERN ENERGY	14,790	$74,000	0.1%	$1.69	—	—	845467109
—	OCEANPAL INC F	71,588	$25,000	0.0%	$1.11	—	—	Y6430L160
—	NEL ASA ORD F	13,725	$19,000	0.0%	$1.31	—	—	r4s21l127