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 15,529 64,998 SH   SOLE   0 0 0
ALLY FINANCIAL I COM 02005N100 28,896 1,421,334 SH   SOLE   0 0 0
ALPHABET INC. CL 'A' CAP STK CL A 02079K305 33,875 39,956 SH   SOLE   0 0 0
ALPHABET INC. CL 'C' CAP STK CL C 02079K107 5,228 6,302 SH   SOLE   0 0 0
ANHEUSER-BUSCH INBEV SPN ADR SPONSORED ADR 03524A108 1,884 17,166 SH   SOLE   0 0 0
APPLE INC. COM 037833100 644 4,479 SH   SOLE   0 0 0
APPLIED DNA SCIENCES INC COM NEW 03815U201 33 20,000 SH   SOLE   0 0 0
ARCONIC INC COM 03965L100 15,716 596,673 SH   SOLE   0 0 0
BANK OF AMERICA CORP. COM 060505104 21,864 926,819 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC. CL B CL B NEW 084670702 374 2,245 SH   SOLE   0 0 0
BIOTIME INC COMMON COM 09066L105 41 11,800 SH   SOLE   0 0 0
CASCADE BANCORP SHS CL A 147154207 4,955 642,655 SH   SOLE   0 0 0
CBS CORPORATION CLASS B CL B 124857202 42,357 610,685 SH   SOLE   0 0 0
CEB INC COM 125134106 8,784 111,753 SH   SOLE   0 0 0
CF CORPORATION - CLASS A SHS CL A G20307107 355 35,500 SH   SOLE   0 0 0
CHEMTURA CORP COM NEW 163893209 10,832 324,300 SH   SOLE   0 0 0
CITIGROUP INC. COM NEW 172967424 1,008 16,849 SH   SOLE   0 0 0
COMCAST CORPORATION 'A' CL A 20030N101 45,625 1,213,754 SH   SOLE   0 0 0
CONCHO RESOURCES INC. CL A 20605P101 21,368 166,497 SH   SOLE   0 0 0
DEVON ENERGY CORPORATION COM 25179M103 17,535 420,304 SH   SOLE   0 0 0
DIAGEO PLC-SPONS ADR SPON ADR NEW 25243Q205 8,957 77,500 SH   SOLE   0 0 0
DIAMONDBACK ENERGY INC UNIT 99/99/9999B 25278X109 13,911 134,125 SH   SOLE   0 0 0
ETRADE FINANCIAL CORP. COM NEW 269246401 11,031 316,172 SH   SOLE   0 0 0
ECOLAB INC. COM 278865100 2,673 21,329 SH   SOLE   0 0 0
EQT CORP. COM 26884L109 16,303 266,821 SH   SOLE   0 0 0
EXTENDED STAY AMERICA INC. CL A 30224P200 24,761 1,553,389 SH   SOLE   0 0 0
EXXON MOBIL CORPORATION COM 30231G102 2,071 25,250 SH   SOLE   0 0 0
FAIRPOINT COMMUNICATION INC COM 305560302 11,589 698,154 SH   SOLE   0 0 0
FIAT CHRYSLER AUTOMOBILES NV CL A N31738102 4,297 393,100 SH   SOLE   0 0 0
FIRST COMMUNITY COM 31985Q106 2,431 190,669 SH   SOLE   0 0 0
FITBIT INC - A CL A 33812L102 10,922 1,844,951 SH   SOLE   0 0 0
FOMENTO ECON-ADR COM 344419106 8,817 99,600 SH   SOLE   0 0 0
FORTRESS INVESTMENT GROUP 'A' CL A 34958B106 9,988 1,256,330 SH   SOLE   0 0 0
FRANCO - NEVADA CORP COM 351858105 159 2,420 SH   SOLE   0 0 0
GENERAL MOTORS CO. TIPS BD ETF 37045V100 42,973 1,215,294 SH   SOLE   0 0 0
GLOBANT SA COM L44385109 6,494 178,400 SH   SOLE   0 0 0
GOLDMAN SACHS GROUP INC. COM 38141G104 26,667 116,085 SH   SOLE   0 0 0
HEICO CORP- CLASS A CL A 422806208 4,052 54,020 SH   SOLE   0 0 0
HOME DEPOT INC. COM 437076102 32,412 220,746 SH   SOLE   0 0 0
HONGKONG LAND BM UNIT 06/30/2022 BMG4587L1 5,856 761,500 SH   SOLE   0 0 0
INT'L BUSINESS MACHINES COM 459200101 41,347 237,436 SH   SOLE   0 0 0
ISHARES TIPS BOND ETF TIPS BD ETF 464287176 181 1,580 SH   SOLE   0 0 0
ISLE OF CAPRI CASINOS INC. COM 464592104 18,305 694,406 SH   SOLE   0 0 0
JANUS CAPITAL GR COM 47102X105 10,984 832,090 SH   SOLE   0 0 0
JOHNSON & JOHNSON COM 478160104 168 1,345 SH   SOLE   0 0 0
JOY GLOBAL INC COM 481165108 15,969 565,271 SH   SOLE   0 0 0
JP MORGAN CHASE & CO. COM 46625H100 56,290 640,822 SH   SOLE   0 0 0
KANSAS CITY SOUTHERN INDS. COM 485170302 26,497 308,969 SH   SOLE   0 0 0
KAYNE ANDERSON A COM 48661U201 8,016 800,000 SH   SOLE   0 0 0
KINGSWAY FINANCIAL SERVICES COM NEW 496904202 1,160 200,000 SH   SOLE   0 0 0
LEVEL 3 COMMUNICATIONS INC. ORD SHS 52729N308 37,866 661,761 SH   SOLE   0 0 0
LIONS GATE ENTERTAINMENT-A CL A VTG 535919401 404 15,196 SH   SOLE   0 0 0
LIONS GATE ENTERTAINMENT-B CL B NON VTG 535919500 371 15,196 SH   SOLE   0 0 0
LLOYDS TSB GROUP PLC SPONS ADR SPONSORED ADR 539439109 46 13,400 SH   SOLE   0 0 0
MADISON SQUARE GARDEN CO A NEW CL A 55825T103 74,945 375,271 SH   SOLE   0 0 0
MASTERCARD INC-CLASS A CL A NON VTG 57636Q104 33,318 296,238 SH   SOLE   0 0 0
MEAD JOHNSON NUTRITION CO. COM 582839106 14,408 161,743 SH   SOLE   0 0 0
MERCK & CO. INC. CL A 58933Y105 186 2,934 SH   SOLE   0 0 0
METALDYNE PERFOR COM 59116R107 7,669 335,635 SH   SOLE   0 0 0
MICROSOFT CORPORATION COM 594918104 217 3,287 SH   SOLE   0 0 0
MOBILEYE NV COM N51488117 4,299 70,010 SH   SOLE   0 0 0
MOHAWK INDUSTRIES INC. COM 608190104 16,218 70,671 SH   SOLE   0 0 0
NEUSTAR INC-CLASS A CL A 64126X201 9,485 286,120 SH   SOLE   0 0 0
NOVARTIS AG-ADR SPONSORED ADR 66987V109 9,371 126,170 SH   SOLE   0 0 0
NXP SEMICONDUCTORS NV COM N6596X109 18,956 183,153 SH   SOLE   0 0 0
OPPENHEIMER HOLDINGS CL A UNIT 99/99/9999 683797104 159 9,300 SH   SOLE   0 0 0
ORACLE CORPORATION COM 68389X105 39,657 888,981 SH   SOLE   0 0 0
PFIZER INC. COM 717081103 26,825 784,120 SH   SOLE   0 0 0
PORTAGE BIOTECH INC COM G7185A102 57 301,700 SH   SOLE   0 0 0
REINSURANCE GROUP OF AMERICA A CL A 759351604 1,077 8,479 SH   SOLE   0 0 0
RETAIL OPPORTUNITY INVESTMENT COM 76131N101 442 21,000 SH   SOLE   0 0 0
REYNOLDS AMERICAN INC. COM UNIT LTD 761713106 37,366 592,928 SH   SOLE   0 0 0
RYANAIR HLDGS PLC-SP ADR SPONSORED ADR 783513203 10,093 121,630 SH   SOLE   0 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 106 10,320 SH   SOLE   0 0 0
STARBUCKS CORP. GOLD MINERS ETF 855244109 166 2,835 SH   SOLE   0 0 0
THE BLACKSTONE GROUP LP VALUE ETF 09253U108 26,070 877,784 SH   SOLE   0 0 0
TOLL BROTHERS INC. COM 889478103 21,506 595,559 SH   SOLE   0 0 0
TOTAL SA SPON ADR SPONSORED ADR 89151E109 8,161 161,850 SH   SOLE   0 0 0
VANECK VECTORS GOLD MINES EFT GOLD MINERS ETF 92189F106 156 6,850 SH   SOLE   0 0 0
VANGUARD VAL ETF VALUE ETF 922908744 172 1,800 SH   SOLE   0 0 0
VCA ANTECH INC. COM 918194101 6,508 71,124 SH   SOLE   0 0 0
VISA INC-CLASS A SHARES COM CL A 92826C839 31,811 357,950 SH   SOLE   0 0 0