The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLERGAN PLC SHS G0177J108 21,577 64,818 SH   SOLE   0 0 0
ALLY FINANCIAL I COM 02005N100 2,694 99,670 SH   SOLE   0 0 0
ALPHABET INC. CL 'A' CAP STK CL A 02079K305 50,236 39,806 SH   SOLE   0 0 0
ALPHABET INC. CL 'C' CAP STK CL C 02079K107 7,794 6,302 SH   SOLE   0 0 0
ANHEUSER-BUSCH INBEV SPN ADR SPONSORED ADR 03524A108 2,652 17,157 SH   SOLE   0 0 0
APPLE INC. COM 037833100 878 4,479 SH   SOLE   0 0 0
APPLIED DNA SCIENCES INC COM NEW 03815U201 48 20,000 SH   SOLE   0 0 0
ARCONIC INC COM 03965L100 22,190 594,783 SH   SOLE   0 0 0
BANK OF AMERICA CORP. COM 060505104 42,771 1,342,452 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC. CL B CL B NEW 084670702 506 2,245 SH   SOLE   0 0 0
BIOTIME INC COMMON COM 09066L105 55 11,800 SH   SOLE   0 0 0
CASCADE BANCORP COM NEW 147154207 3,691 361,492 SH   SOLE   0 0 0
CBS CORPORATION CLASS B CL B 124857202 43,337 476,971 SH   SOLE   0 0 0
CF CORPORATION - CLASS A SHS CL A G20307107 486 35,500 SH   SOLE   0 0 0
CITIGROUP INC. COM NEW 172967424 1,359 16,839 SH   SOLE   0 0 0
COMCAST CORPORATION 'A' CL A 20030N101 46,498 869,180 SH   SOLE   0 0 0
CONCHO RESOURCES INC. COM 20605P101 393 2,270 SH   SOLE   0 0 0
DEVON ENERGY CORPORATION COM 25179M103 13,645 253,131 SH   SOLE   0 0 0
DIAGEO PLC-SPONS ADR SPON ADR NEW 25243Q205 12,423 77,500 SH   SOLE   0 0 0
DIAMONDBACK ENERGY INC COM 25278X109 30,093 220,804 SH   SOLE   0 0 0
DISH NETWORK-A CL A 25470M109 55,647 632,607 SH   SOLE   0 0 0
DR HORTON INC. COM 23331A109 20,905 465,633 SH   SOLE   0 0 0
ECOLAB INC. COM 278865100 3,757 21,318 SH   SOLE   0 0 0
EQT CORP. COM 26884L109 21,117 266,071 SH   SOLE   0 0 0
EXTENDED STAY AMERICA INC. UNIT 99/99/9999B 30224P200 36,989 1,553,734 SH   SOLE   0 0 0
EXXON MOBIL CORPORATION COM 30231G102 2,814 25,250 SH   SOLE   0 0 0
FAIRPOINT COMMUNICATION INC COM NEW 305560302 17,126 735,818 SH   SOLE   0 0 0
FIRST COMMUNITY COM 31985Q106 4,370 245,315 SH   SOLE   0 0 0
FITBIT INC - A CL A 33812L102 14,361 1,839,171 SH   SOLE   0 0 0
FOMENTO ECON-ADR SPON ADR UNITS 344419106 10,730 87,300 SH   SOLE   0 0 0
FORESTAR GROUP COM 346233109 2,019 104,530 SH   SOLE   0 0 0
FORTRESS INVESTMENT GROUP 'A' CL A 34958B106 10,496 956,330 SH   SOLE   0 0 0
FRANCO - NEVADA CORP COM 351858105 225 2,420 SH   SOLE   0 0 0
GENERAL MOTORS CO. COM 37045V100 44,413 939,240 SH   SOLE   0 0 0
GLOBANT SA COM L44385109 10,986 212,400 SH   SOLE   0 0 0
HEICO CORP- CLASS A CL A 422806208 10,401 124,303 SH   SOLE   0 0 0
HOME DEPOT INC. COM 437076102 46,891 220,056 SH   SOLE   0 0 0
ISHARES TIPS BOND ETF TIPS BD ETF 464287176 248 1,580 SH   SOLE   0 0 0
JANUS CAPITAL GR COM 47102X105 15,982 857,090 SH   SOLE   0 0 0
JOHNSON & JOHNSON COM 478160104 227 1,345 SH   SOLE   0 0 0
JP MORGAN CHASE & CO. COM 46625H100 61,544 518,224 SH   SOLE   0 0 0
KANSAS CITY SOUTHERN INDS. COM NEW 485170302 37,879 308,079 SH   SOLE   0 0 0
KAYNE ANDERSON A UNIT 06/30/2022 48661U201 11,034 808,300 SH   SOLE   0 0 0
KINGSWAY FINANCIAL SERVICES COM NEW 496904202 1,543 200,000 SH   SOLE   0 0 0
LEVEL 3 COMMUNICATIONS INC. COM NEW 52729N308 54,106 652,345 SH   SOLE   0 0 0
LIONS GATE ENTERTAINMENT-A CL A VTG 535919401 543 15,196 SH   SOLE   0 0 0
LIONS GATE ENTERTAINMENT-B CL B NON VTG 535919500 495 15,196 SH   SOLE   0 0 0
LLOYDS TSB GROUP PLC SPONS ADR SPONSORED ADR 539439109 67 13,400 SH   SOLE   0 0 0
MADISON SQUARE GARDEN CO A NEW CL A 55825T103 103,050 374,145 SH   SOLE   0 0 0
MASTERCARD INC-CLASS A CL A 57636Q104 46,897 295,350 SH   SOLE   0 0 0
MEAD JOHNSON NUTRITION CO. COM 582839106 19,588 161,743 SH   SOLE   0 0 0
MERCK & CO. INC. COM 58933Y105 204 2,401 SH   SOLE   0 0 0
MICROSOFT CORPORATION COM 594918104 307 3,287 SH   SOLE   0 0 0
MOBILEYE NV ORD SHS N51488117 11,320 133,930 SH   SOLE   0 0 0
MOHAWK INDUSTRIES INC. COM 608190104 22,586 70,471 SH   SOLE   0 0 0
NEUSTAR INC-CLASS A CL A 64126X201 12,967 286,120 SH   SOLE   0 0 0
NOVARTIS AG-ADR SPONSORED ADR 66987V109 13,267 126,170 SH   SOLE   0 0 0
NXP SEMICONDUCTORS NV COM N6596X109 34,910 241,834 SH   SOLE   0 0 0
OPPENHEIMER HOLDINGS CL A CL A NON VTG 683797104 220 9,300 SH   SOLE   0 0 0
ORACLE CORPORATION COM 68389X105 54,397 886,340 SH   SOLE   0 0 0
PANERA BREAD COMPANY 'A' CL A 69840W108 18,264 42,790 SH   SOLE   0 0 0
PATTERSON-UTI ENERGY INC. COM 703481101 324 10,960 SH   SOLE   0 0 0
PFIZER INC. COM 717081103 36,197 781,740 SH   SOLE   0 0 0
PRIVATEBANCORP INC COM 742962103 8,903 112,900 SH   SOLE   0 0 0
REINSURANCE GROUP OF AMERICA A COM NEW 759351604 1,447 8,479 SH   SOLE   0 0 0
RETAIL OPPORTUNITY INVESTMENT COM 76131N101 591 21,000 SH   SOLE   0 0 0
REYNOLDS AMERICAN INC. COM 761713106 52,108 591,828 SH   SOLE   0 0 0
RYANAIR HLDGS PLC-SP ADR SPONSORED ADR 783513203 15,263 121,630 SH   SOLE   0 0 0
SILVER RUN ACQUI UNIT 99/99/9999 82812A202 232 16,470 SH   SOLE   0 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 146 10,320 SH   SOLE   0 0 0
STARBUCKS CORP. COM 855244109 22,635 276,083 SH   SOLE   0 0 0
STILLWATER MININ COM 86074Q102 15,757 641,983 SH   SOLE   0 0 0
SWIFT TRANSPORTA CL A 87074U101 10,669 317,967 SH   SOLE   0 0 0
TESLA INC. COM 88160R101 219 510 SH   SOLE   0 0 0
THE BLACKSTONE GROUP LP COM UNIT LTD 09253U108 36,837 875,024 SH   SOLE   0 0 0
TOLL BROTHERS INC. COM 889478103 42,462 864,312 SH   SOLE   0 0 0
TOTAL SA SPON ADR SPONSORED ADR 89151E109 11,305 161,850 SH   SOLE   0 0 0
VANECK VECTORS GOLD MINES EFT GOLD MINERS ETF 92189F106 208 6,850 SH   SOLE   0 0 0
VANGUARD VAL ETF VALUE ETF 922908744 234 1,800 SH   SOLE   0 0 0
VCA ANTECH INC. COM 918194101 9,753 78,027 SH   SOLE   0 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 44,441 356,900 SH   SOLE   0 0 0