Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MSFT	MICROSOFT CORP	26,100	$7.525M	7.6%	$288.31 *	$51.56	+447.4%	COM	594918104
—	FLEX LTD	182,150	$4.191M	4.2%	$23.01	$16.32	—	COM	y2573f102
—	NUTRIEN LTD	53,478	$3.949M	4.0%	$73.84	$48.63	—	COM	67077m108
—	RANGE RESOURCES CORP	130,258	$3.448M	3.5%	$26.47	$19.34	—	COM	75281a109
NEM	NEWMONT CORP	64,833	$3.178M	3.2%	$49.02 *	$22.20	+105.5%	COM	651639106
PAAS	PAN AMERICAN SILVER CORP	171,035	$3.113M	3.1%	$18.20	$14.26	+27.7%	COM	697900108
—	BUNGE LIMITED	31,879	$3.045M	3.1%	$95.52	$57.68	—	COM	g16962105
—	FRONTLINE PLC	180,335	$2.986M	3.0%	$16.56	$12.14	—	COM	m46528101
—	ISHARES SILVER TRUST ETF	134,182	$2.968M	3.0%	$22.12	$14.63	—	ISHARES	46428q109
—	INTERNATIONAL SEAWAYS INC	66,195	$2.759M	2.8%	$41.68	$14.91	—	COM	y41053102
—	M & T BANK CORP	22,853	$2.733M	2.8%	$119.59	$161.94	—	COM	55261f104
—	PETROLEO BRASILEIRO SPONSORED	258,571	$2.697M	2.7%	$10.43	$8.73	—	ADR	71654v408
—	ANGOLD ASHANTI SPONSORED ADR	107,996	$2.612M	2.6%	$24.19	$14.12	—	ADR	035128206
—	DIANA SHIPPING INC	652,649	$2.545M	2.6%	$3.90	$2.63	—	COM	y2066g104
INTC	INTEL CORP	75,598	$2.47M	2.5%	$32.67 *	$35.41	-10.0%	COM	458140100
—	BANCO BILBAO VIZCAYA A SPONSOR	342,623	$2.415M	2.4%	$7.05	$7.53	—	ADR	05946k101
CX	CEMEX SAB DE CV SPONSORED ADR	404,674	$2.238M	2.3%	$5.53	$5.08	+8.8%	ADR	151290889
HL	HECLA MINING CO	347,674	$2.201M	2.2%	$6.33	$3.01	+107.3%	COM	422704106
NOK	NOKIA CORP SPONSORED ADR	419,878	$2.062M	2.1%	$4.91	$4.99	-1.6%	ADR	654902204
AMGN	AMGEN INC.	8,490	$2.052M	2.1%	$241.70 *	$144.43	+53.4%	COM	031162100
—	TOTALENERGIES SE	33,778	$1.995M	2.0%	$59.06	$49.67	—	ADR	89151e109
—	SCHNITZER STL INDS CLASS A	63,617	$1.978M	2.0%	$31.09	$23.44	—	COM	806882106
—	PROSHARES SHORT S&P500	131,772	$1.977M	2.0%	$15.00	$25.03	—	COM	74347b425
—	ENEL CHILE S A SPONSORED ADR	706,424	$1.907M	1.9%	$2.70	$2.89	—	ADR	29278d105
—	LAZARD LTD F CLASS A	55,659	$1.843M	1.9%	$33.11	$45.47	—	COM	g54050102
HTLD	HEARTLAND EXPRESS	115,502	$1.839M	1.9%	$15.92	$17.49	-9.0%	COM	422347104
—	TELEFONICA BRASIL S. F SPONSOR	236,172	$1.788M	1.8%	$7.57	$8.79	—	ADR	87936r205
AA	ALCOA CORP	41,413	$1.763M	1.8%	$42.57 *	$23.61	+74.2%	COM	013872106
—	PROSHARES SHORT QQQ ETF	141,781	$1.727M	1.7%	$12.18	$14.59	—	COM	74347b714
—	DOLE PLC	141,464	$1.661M	1.7%	$11.74	$13.07	—	COM	g27907107
FLR	FLUOR CORP	52,457	$1.621M	1.6%	$30.90	$38.73	-20.2%	COM	343412102
COLB	COLUMBIA BANKING SYS	70,642	$1.513M	1.5%	$21.42 *	$24.74	-27.1%	COM	197236102
TPC	TUTOR PERINI CORP	209,169	$1.291M	1.3%	$6.17	$10.76	-42.7%	COM	901109108
SWBI	SMITH & WESSON BRANDS INC	90,507	$1.114M	1.1%	$12.31	$13.15	-6.4%	COM	831754106
AAPL	APPLE INC	6,750	$1.113M	1.1%	$164.89	$101.59	+60.1%	COM	037833100
CERS	CERUS CORP	307,692	$914K	0.9%	$2.97	$5.19	-42.8%	COM	157085101
MCD	MCDONALDS CORP	3,188	$891K	0.9%	$279.49 *	$136.64	+92.0%	COM	580135101
PEP	PEPSICO INC	3,727	$679K	0.7%	$182.18 *	$89.25	+86.3%	COM	713448108
JNJ	JOHNSON & JOHNSON	3,727	$578K	0.6%	$155.08 *	$113.37	+25.7%	COM	478160104
PG	PROCTER & GAMBLE	3,685	$548K	0.6%	$148.71 *	$67.87	+104.4%	COM	742718109
—	MERCK & CO. INC.	5,100	$543K	0.5%	$106.47	$54.79	—	COM	58933y105
—	UNITEDHEALTH GRP INC	1,065	$503K	0.5%	$472.30	$220.46	—	COM	91324p102
—	1/100 BERKSHIRE HTWY CLA 100 S	100	$466K	0.5%	$4660.00	$4700.00	—	COM	084990175
—	ABBVIE INC	2,599	$414K	0.4%	$159.29	$101.45	—	COM	00287y109
CVX	CHEVRON CORP	2,465	$402K	0.4%	$163.08 *	$80.94	+79.3%	COM	166764100
—	EXXON MOBIL CORP	3,613	$396K	0.4%	$109.60	$59.54	—	COM	30231g102
BKUTK	BANK OF UTICA N Y	1,000	$371K	0.4%	$371.00 *	$267.19	+23.2%	COM	065437204
SYY	SYSCO CORP	4,781	$369K	0.4%	$77.18 *	$49.25	+44.4%	COM	871829107
—	WALGREENS BOOTS ALLI	10,189	$352K	0.4%	$34.55	$65.46	—	COM	931427108
BRT	BRT APARTMENTS CORP	17,500	$345K	0.3%	$19.71	$7.00	—	COM	055645303
SCHX	SCHWAB US LARGE CAP ETF	6,869	$332K	0.3%	$48.33 *	$14.18	+13.7%	COM	808524201
TMO	THERMO FISHER SCIENTIFIC INC	546	$315K	0.3%	$576.92	$333.60	+71.4%	COM	883556102
CVS	CVS HEALTH CORP	4,125	$307K	0.3%	$74.42 *	$54.56	+22.3%	COM	126650100
—	C3 AI INC CLASS A	9,109	$306K	0.3%	$33.59	$33.59	—	COM	12468p104
—	AMERISERV FINL	100,000	$305K	0.3%	$3.05	$4.15	—	COM	03074a102
—	SPDR GOLD SHARES ETF	1,600	$293K	0.3%	$183.13	$118.23	—	COM	78463v107
BA	BOEING CO	1,362	$289K	0.3%	$212.19	$163.57	+29.9%	COM	097023105
ABT	ABBOTT LABORATORIES	2,689	$272K	0.3%	$101.15 *	$96.66	-0.7%	COM	002824100
AMZN	AMAZON.COM INC	2,602	$269K	0.3%	$103.38	$124.05	-16.7%	COM	023135106
—	VANGUARD INFORMATION TECHNOLOG	669	$258K	0.3%	$385.65	$422.31	—	COM	92204a702
—	ORACLE CORP	2,736	$254K	0.3%	$92.84	$81.87	—	COM	68389x105
TSCO	TRACTOR SUPPLY COMP	1,000	$235K	0.2%	$235.00 *	$40.21	+11.4%	COM	892356106
KO	THE COCA-COLA CO	3,737	$232K	0.2%	$62.08 *	$49.18	+16.1%	COM	191216100
DIS	WALT DISNEY CO	2,231	$223K	0.2%	$99.96 *	$98.50	-0.7%	COM	254687106
—	SPDR S&P MIDCAP 400 ETF IV	470	$215K	0.2%	$457.45	$442.55	—	COM	78467y107
—	CISCO SYSTEMS INC	4,087	$214K	0.2%	$52.36	$52.36	—	COM	17275r102
SBUX	STARBUCKS CORP	2,007	$209K	0.2%	$104.14 *	$97.06	+0.3%	COM	855244109
SCHF	SCHWAB INTERNATIONAL EQUITY ET	5,789	$201K	0.2%	$34.72 *	$15.61	+11.5%	COM	808524805
—	SOUTHWESTERN ENERGY	14,790	$74,000	0.1%	$5.00	$1.69	—	COM	845467109
—	OCEANPAL INC F	71,588	$25,000	0.0%	$0.35	$1.11	—	COM	Y6430L160
—	NEL ASA ORD F	13,725	$19,000	0.0%	$1.38	$1.31	—	COM	r4s21l127