 MICROSOFT CORPMSFT |
| 6.18% | 6.28% | $8.8M | 23,584 | $9.2M | 24,804 | -1,220-4.92% | Reduce |
 NEWMONT CORPNEM |
| 5.51% | 6.03% | $7.8M | 84,044 | $8.8M | 81,467 | +2,577+3.16% | Add |
 ANGLOGOLD ASHANTI PLCAU |
| 4.94% | 5.64% | $7.0M | 86,896 | $8.2M | 84,691 | +2,205+2.60% | Add |
 PAN AMERN SILVER CORPPAAS |
| 4.74% | 5.43% | $6.7M | 150,612 | $7.9M | 145,389 | +5,223+3.59% | Add |
 M & T BK CORPMTB |
| 4.19% | 3.66% | $6.0M | 25,074 | $5.3M | 25,874 | -800-3.09% | Reduce |
| GGRUPO CIBEST SACIB |
| 3.84% | 3.32% | $5.5M | 68,797 | $4.9M | 66,628 | +2,169+3.26% | Add |
| IISHARES SILVER TRSLV |
| 3.73% | 4.5% | $5.3M | 99,461 | $6.6M | 96,703 | +2,758+2.85% | Add |
| PPETROLEO BRASILEIRO S APBR |
| 3.36% | 4.09% | $4.8M | 296,011 | $6.0M | 288,150 | +7,861+2.73% | Add |
| IINTERNATIONAL SEAWAYS INC COM NPVINSW |
| 3.31% | 2.97% | $4.7M | 61,628 | $4.4M | 59,688 | +1,940+3.25% | Add |
 CEMEX SAB DE CVCX |
| 3.3% | 2.98% | $4.7M | 391,799 | $4.4M | 380,698 | +11,101+2.92% | Add |
 FLUOR CORPFLR |
| 3.29% | 1.98% | $4.7M | 89,330 | $2.9M | 62,166 | +27,164+43.70% | Add |
| AALASKA AIR GROUP INCALK |
| 3.21% | 2.12% | $4.6M | 87,688 | $3.1M | 84,233 | +3,455+4.10% | Add |
 ALCOA CORPAA |
| 2.93% | 3.52% | $4.2M | 79,928 | $5.2M | 77,650 | +2,278+2.93% | Add |
| HHECLA MINING COMPANYHL |
| 2.79% | 3.17% | $4.0M | 257,071 | $4.6M | 248,692 | +8,379+3.37% | Add |
 MERCK & CO INCMRK |
| 2.72% | 0.63% | $3.9M | 30,189 | $921,000 | 9,067 | +21,122+232.95% | Add |
 RANGE RES CORPRRC |
| 2.71% | 3.11% | $3.9M | 103,808 | $4.6M | 100,708 | +3,100+3.08% | Add |
| HHEARTLAND EXPRESS INCHTLD |
| 2.54% | 1.63% | $3.6M | 237,729 | $2.4M | 229,848 | +7,881+3.43% | Add |
 BLACK HILLS CORPBKH |
| 2.52% | 2.22% | $3.6M | 48,246 | $3.3M | 46,831 | +1,415+3.02% | Add |
 MOBILEYE GLOBAL INCMBLY |
| 2.38% | — | $3.4M | 350,045 | $0 | 0 | +350,045 | New Buy |
 NUTRIEN LTDNTR |
| 2.36% | 2.68% | $3.4M | 53,387 | $3.9M | 52,002 | +1,385+2.66% | Add |
 TUTOR PERINI CORPTPC |
| 2.29% | 1.99% | $3.3M | 39,362 | $2.9M | 37,787 | +1,575+4.17% | Add |
 BUNGE GLOBAL SABG |
| 2.28% | 2.58% | $3.3M | 30,470 | $3.8M | 29,706 | +764+2.57% | Add |
| IINNOVEX INTERNATIONAL INCINVX |
| 2.2% | 2.05% | $3.1M | 126,150 | $3.0M | 122,788 | +3,362+2.74% | Add |
 AMGEN INC COMAMGN |
| 2.16% | 2.04% | $3.1M | 8,490 | $3.0M | 8,490 | 00.00% | Unchanged |
 NORTHWESTERN ENERGY GROUP INNWE |
| 2.11% | 1.83% | $3.0M | 41,857 | $2.7M | 40,655 | +1,202+2.96% | Add |
| PPROSHARES TRPSQ |
| 1.98% | 2.39% | $2.8M | 112,471 | $3.5M | 108,715 | +3,756+3.45% | Add |
| HHAWAIIAN ELEC INDS INC MTN BHE |
| 1.9% | 1.97% | $2.7M | 200,306 | $2.9M | 193,981 | +6,325+3.26% | Add |
| SSAN JUAN BASIN ROYALTY TRSJT |
| 1.31% | 1.14% | $1.9M | 581,264 | $1.7M | 346,870 | +234,394+67.57% | Add |
 DOLE PLCDOLE |
| 1.31% | 1.28% | $1.9M | 135,817 | $1.9M | 130,629 | +5,188+3.97% | Add |
 APPLE INCAAPL |
| 1.22% | 1.04% | $1.7M | 5,993 | $1.5M | 5,992 | +1+0.02% | Add |
 SMITH & WESSON BRANDS INSWBI |
| 0.91% | 0.82% | $1.3M | 86,094 | $1.2M | 83,567 | +2,527+3.02% | Add |
 JOHNSON & JOHNSONJNJ |
| 0.64% | 0.6% | $909,467 | 3,581 | $875,000 | 3,581 | 00.00% | Unchanged |
 MCDONALDS CORPMCD |
| 0.61% | 0.68% | $861,748 | 3,188 | $991,000 | 3,188 | 00.00% | Unchanged |
| SSPDR GOLD TRGLD |
| 0.55% | 0.65% | $782,439 | 2,124 | $946,000 | 2,198 | -74-3.37% | Reduce |
 PACCAR INCPCAR |
| 0.53% | 0.5% | $755,555 | 6,290 | $726,000 | 6,290 | 00.00% | Unchanged |
 BERKSHIRE HATHAWAY INC CL ABRK.A |
| 0.53% | 0.49% | $748,850 | 1 | $718,000 | 1 | 00.00% | Unchanged |
| SSPDR SERIES TRUSTBIL |
| 0.49% | — | $697,197 | 7,608 | $0 | 0 | +7,608 | New Buy |
 ABBVIE INCABBV |
| 0.46% | 0.39% | $654,012 | 2,599 | $565,000 | 2,599 | 00.00% | Unchanged |
 AMAZON COM INCAMZN |
| 0.38% | 0.32% | $539,602 | 2,264 | $472,000 | 2,264 | 00.00% | Unchanged |
 PROCTER & GAMBLE COPG |
| 0.37% | 0.35% | $525,411 | 3,583 | $518,000 | 3,583 | 00.00% | Unchanged |
 PEPSICO INCPEP |
| 0.34% | 0.38% | $483,649 | 3,572 | $555,000 | 3,572 | 00.00% | Unchanged |
 CHEVRON CORPORATIONCVX |
| 0.34% | 0.35% | $478,715 | 2,888 | $514,000 | 2,485 | +403+16.22% | Add |
 CISCO SYS INCCSCO |
| 0.33% | — | $465,964 | 3,967 | $0 | 0 | +3,967 | New Buy |
 CVS HEALTH CORPCVS |
| 0.29% | 0.19% | $410,179 | 3,965 | $285,000 | 3,965 | 00.00% | Unchanged |
 SYSCO CORP COMSYY |
| 0.28% | 0.23% | $399,596 | 4,781 | $341,000 | 4,781 | 00.00% | Unchanged |
| AAMERICAN FUNDS GROWTH FUND OF AMER F3GAFFX |
| 0.28% | 0.23% | $397,650 | 4,509 | $334,000 | 4,509 | 00.00% | Unchanged |
| IISHARES GOLD TRIAU |
| 0.27% | 0.31% | $388,272 | 5,142 | $453,000 | 5,142 | 00.00% | Unchanged |
| AAMERISERV FINL INCASRV |
| 0.27% | 0.25% | $388,000 | 100,000 | $362,000 | 100,000 | 00.00% | Unchanged |
 ORACLE CORPORCL |
| 0.25% | 0.25% | $357,729 | 2,441 | $359,000 | 2,441 | 00.00% | Unchanged |
 JPMORGAN CHASE & COJPM |
| 0.24% | 0.21% | $347,297 | 1,061 | $312,000 | 1,061 | 00.00% | Unchanged |
