Arnhold 13F-HR Quarterly holdings report by institutional manager

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

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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
3M CO	COM	88579Y101	4,595	26,507	SH		SOLE		26,507	0	0
ABBVIE INC	COM	00287Y109	5,377	73,943	SH		SOLE		73,943	0	0
ADIENT PLC	ORD SHS	G0084W101	2,451	100,973	SH		SOLE		100,973	0	0
AFLAC INC	COM	001055102	6,484	118,294	SH		SOLE		118,294	0	0
ALBEMARLE CORP	COM	012653101	5,799	82,363	SH		SOLE		82,363	0	0
ALLEGHANY CORP DEL	COM	017175100	1,022	1,500	SH		SOLE		1,500	0	0
ALLERGAN PLC	SHS	G0177J108	9,721	58,061	SH		SOLE		58,061	0	0
ALLIANCEBERNSTEIN GBL HGH IN	COM	01879R106	19,898	1,689,124	SH		SOLE		1,689,124	0	0
ALPHABET INC	CAP STK CL C	02079K107	369	341	SH		SOLE		341	0	0
ALPHABET INC	CAP STK CL A	02079K305	10,096	9,324	SH		SOLE		9,324	0	0
ALTRIA GROUP INC	COM	02209S103	3,205	67,695	SH		SOLE		67,695	0	0
AMAZON COM INC	COM	023135106	2,060	1,088	SH		SOLE		1,088	0	0
AMERICAN EXPRESS CO	COM	025816109	617	5,000	SH		SOLE		5,000	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	991	62,460	SH		SOLE		62,460	0	0
APPLE INC	COM	037833100	1,703	8,606	SH		SOLE		8,606	0	0
APTARGROUP INC	COM	038336103	1,609	12,939	SH		SOLE		12,939	0	0
ARQULE INC	COM	04269E107	1,652	150,000	SH		SOLE		150,000	0	0
AT&T INC	COM	00206R102	24,813	740,474	SH		SOLE		740,474	0	0
ATHENE HLDG LTD	CL A	G0684D107	1,064	24,705	SH		SOLE		24,705	0	0
AVANGRID INC	COM	05351W103	2,618	51,832	SH		SOLE		51,832	0	0
AXALTA COATING SYS LTD	COM	G0750C108	4,348	146,044	SH		SOLE		146,044	0	0
BANK N S HALIFAX	COM	064149107	1,554	28,600	SH		SOLE		28,600	0	0
BARRICK GOLD CORPORATION	COM	067901108	4,159	263,748	SH		SOLE		263,748	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	245	1,150	SH		SOLE		1,150	0	0
BLACKROCK MUNIYIELD NY QLTY	COM	09255E102	1,457	114,600	SH		SOLE		114,600	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	14,906	328,694	SH		SOLE		328,694	0	0
BROADCOM INC	COM	11135F101	6,475	22,493	SH		SOLE		22,493	0	0
CBOE GLOBAL MARKETS INC	COM	12503M108	2,273	21,935	SH		SOLE		21,935	0	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	258	654	SH		SOLE		654	0	0
CHEMOURS CO	COM	163851108	398	16,600	SH		SOLE		16,600	0	0
CHINA YUCHAI INTL LTD	COM	G21082105	4,272	285,000	SH		SOLE		285,000	0	0
CISCO SYS INC	COM	17275R102	394	7,200	SH		SOLE		7,200	0	0
COGNEX CORP	COM	192422103	1,104	23,000	SH		SOLE		23,000	0	0
COLGATE PALMOLIVE CO	COM	194162103	1,161	16,200	SH		SOLE		16,200	0	0
COMCAST CORP NEW	CL A	20030N101	1,268	30,000	SH		SOLE		30,000	0	0
CONAGRA BRANDS INC	COM	205887102	524	19,762	SH		SOLE		19,762	0	0
CONSOLIDATED TOMOKA LD CO	COM	210226106	239	4,000	SH		SOLE		4,000	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	473	2,400	SH		SOLE		2,400	0	0
CORTEVA INC	COM	22052L104	336	11,367	SH		SOLE		11,367	0	0
CUMMINS INC	COM	231021106	2,484	14,500	SH		SOLE		14,500	0	0
CURIS INC	COM NEW	231269200	791	425,338	SH		SOLE		425,338	0	0
DEAN FOODS CO NEW	COM NEW	242370203	484	524,145	SH		SOLE		524,145	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,042	7,464	SH		SOLE		7,464	0	0
DONEGAL GROUP INC	CL A	257701201	721	47,213	SH		SOLE		47,213	0	0
DOW INC	COM	260557103	6,109	123,887	SH		SOLE		123,887	0	0
DUPONT DE NEMOURS INC	COM	26614N102	853	11,367	SH		SOLE		11,367	0	0
EXXON MOBIL CORP	COM	30231G102	401	5,228	SH		SOLE		5,228	0	0
FACEBOOK INC	CL A	30303M102	676	3,500	SH		SOLE		3,500	0	0
FOOT LOCKER INC	COM	344849104	13,512	322,331	SH		SOLE		322,331	0	0
FRANKLIN RES INC	COM	354613101	3,279	94,216	SH		SOLE		94,216	0	0
GENERAL ELECTRIC CO	COM	369604103	812	77,301	SH		SOLE		77,301	0	0
GENTEX CORP	COM	371901109	1,378	56,000	SH		SOLE		56,000	0	0
GERON CORP	COM	374163103	218	154,700	SH		SOLE		154,700	0	0
GILEAD SCIENCES INC	COM	375558103	11,482	169,957	SH		SOLE		169,957	0	0
GOLUB CAP BDC INC	COM	38173M102	11,361	638,244	SH		SOLE		638,244	0	0
GOPRO INC	CL A	38268T103	1,827	334,597	SH		SOLE		334,597	0	0
GOPRO INC	NOTE 3.500% 4/1	38268TAB9	893	900,000	PRN		SOLE		900,000	0	0
GRANITE CONSTR INC	COM	387328107	848	17,604	SH		SOLE		17,604	0	0
HANESBRANDS INC	COM	410345102	12,880	747,950	SH		SOLE		747,950	0	0
HONEYWELL INTL INC	COM	438516106	463	2,650	SH		SOLE		2,650	0	0
IDENTIV INC	COM NEW	45170X205	151	29,500	SH		SOLE		29,500	0	0
INDEPENDENCE HLDG CO NEW	COM NEW	453440307	19,722	509,341	SH		SOLE		509,341	0	0
INTEL CORP	COM	458140100	1,254	26,187	SH		SOLE		26,187	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	10,921	79,193	SH		SOLE		79,193	0	0
INTEVAC INC	COM	461148108	1,421	293,646	SH		SOLE		293,646	0	0
ISHARES GOLD TRUST	ISHARES	464285105	39,047	2,892,400	SH		SOLE		2,892,400	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	4,350	303,575	SH		SOLE		303,575	0	0
JEFFERIES FINL GROUP INC	COM	47233W109	4,365	227,000	SH		SOLE		227,000	0	0
JOHNSON & JOHNSON	COM	478160104	3,562	25,572	SH		SOLE		25,572	0	0
JPMORGAN CHASE & CO	COM	46625H100	381	3,412	SH		SOLE		3,412	0	0
KULICKE & SOFFA INDS INC	COM	501242101	6,314	280,000	SH		SOLE		280,000	0	0
LAMB WESTON HLDGS INC	COM	513272104	417	6,587	SH		SOLE		6,587	0	0
LEAR CORP	COM NEW	521865204	8,330	59,810	SH		SOLE		59,810	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	778	28,809	SH		SOLE		28,809	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	2,306	86,910	SH		SOLE		86,910	0	0
LIBERTY LATIN AMERICA LTD	COM CL C	G9001E128	261	15,183	SH		SOLE		15,183	0	0
LINDE PLC	SHS	G5494J103	1,606	8,000	SH		SOLE		8,000	0	0
LOEWS CORP	COM	540424108	765	14,000	SH		SOLE		14,000	0	0
M & T BK CORP	COM	55261F104	9,658	56,791	SH		SOLE		56,791	0	0
MACYS INC	COM	55616P104	3,081	143,557	SH		SOLE		143,557	0	0
MERCK & CO INC	COM	58933Y105	2,629	31,354	SH		SOLE		31,354	0	0
METLIFE INC	COM	59156R108	536	10,800	SH		SOLE		10,800	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	7,754	271,420	SH		SOLE		271,420	0	0
MICROSOFT CORP	COM	594918104	362	2,700	SH		SOLE		2,700	0	0
MOHAWK INDS INC	COM	608190104	9,466	64,190	SH		SOLE		64,190	0	0
MOLSON COORS BREWING CO	CL B	60871R209	12,484	222,934	SH		SOLE		222,934	0	0
MONDELEZ INTL INC	CL A	609207105	373	6,920	SH		SOLE		6,920	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	1,254	19,650	SH		SOLE		19,650	0	0
MURPHY OIL CORP	COM	626717102	474	19,226	SH		SOLE		19,226	0	0
NEW GERMANY FD INC	COM	644465106	254	17,888	SH		SOLE		17,888	0	0
NEWELL BRANDS INC	COM	651229106	6,326	410,274	SH		SOLE		410,274	0	0
NEWLINK GENETICS CORP	COM	651511107	15	10,000	SH		SOLE		10,000	0	0
NORDIC AMERICAN TANKERS LIMI	COM	G65773106	388	166,000	SH		SOLE		166,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	6,457	19,983	SH		SOLE		19,983	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	1,447	15,848	SH		SOLE		15,848	0	0
NUTRIEN LTD	COM	67077M108	9,297	173,902	SH		SOLE		173,902	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	12,371	126,744	SH		SOLE		126,744	0	0
OAKTREE SPECIALTY LENDING CO	COM	67401P108	2,008	370,540	SH		SOLE		370,540	0	0
PAN AMERICAN SILVER CORP	COM	697900108	2,375	183,984	SH		SOLE		183,984	0	0
PFIZER INC	COM	717081103	4,161	96,061	SH		SOLE		96,061	0	0
PHILIP MORRIS INTL INC	COM	718172109	2,344	29,850	SH		SOLE		29,850	0	0
PLDT INC	SPONSORED ADR	69344D408	372	15,000	SH		SOLE		15,000	0	0
POTLATCHDELTIC CORPORATION	COM	737630103	1,299	33,322	SH		SOLE		33,322	0	0
PREMIER INC	CL A	74051N102	1,158	29,600	SH		SOLE		29,600	0	0
PROGRESSIVE CORP OHIO	COM	743315103	10,934	136,795	SH		SOLE		136,795	0	0
QUALCOMM INC	COM	747525103	4,016	52,797	SH		SOLE		52,797	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	1,437	18,100	SH		SOLE		18,100	0	0
ROYAL GOLD INC	COM	780287108	2,669	26,040	SH		SOLE		26,040	0	0
SANOFI	RIGHT 12/31/2020	80105N113	33	63,817	SH		SOLE		63,817	0	0
SEALED AIR CORP NEW	COM	81211K100	4,447	103,944	SH		SOLE		103,944	0	0
SIRIUS XM HLDGS INC	COM	82968B103	112	20,000	SH		SOLE		20,000	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	48,550	364,487	SH		SOLE		364,487	0	0
SPECTRUM BRANDS HLDGS INC NE	COM	84790A105	8,156	151,675	SH		SOLE		151,675	0	0
SPROTT PHYSICAL SILVER TR	TR UNIT	85207K107	781	136,709	SH		SOLE		136,709	0	0
T MOBILE US INC	COM	872590104	5,740	77,425	SH		SOLE		77,425	0	0
TECHNIPFMC PLC	COM	G87110105	827	31,900	SH		SOLE		31,900	0	0
TEEKAY TANKERS LTD	CL A	Y8565N102	720	562,200	SH		SOLE		562,200	0	0
THOR INDS INC	COM	885160101	2,553	43,670	SH		SOLE		43,670	0	0
UNION PACIFIC CORP	COM	907818108	846	5,000	SH		SOLE		5,000	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	9,235	70,929	SH		SOLE		70,929	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	7,508	30,770	SH		SOLE		30,770	0	0
UNUM GROUP	COM	91529Y106	2,013	60,000	SH		SOLE		60,000	0	0
US BANCORP DEL	COM NEW	902973304	1,577	30,100	SH		SOLE		30,100	0	0
VAPOTHERM INC	COM	922107107	920	39,988	SH		SOLE		39,988	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	2,801	49,031	SH		SOLE		49,031	0	0
VISTEON CORP	COM NEW	92839U206	879	15,000	SH		SOLE		15,000	0	0
WALMART INC	COM	931142103	739	6,690	SH		SOLE		6,690	0	0
WASHINGTON PRIME GROUP NEW	COM	93964W108	1,562	408,797	SH		SOLE		408,797	0	0
WESTERN ASST INFLTN LKD INM	COM SH BEN INT	95766Q106	498	42,711	SH		SOLE		42,711	0	0
WESTERN AST INFL LKD OPP & I	COM	95766R104	1,642	146,725	SH		SOLE		146,725	0	0
WESTROCK CO	COM	96145D105	10,608	290,860	SH		SOLE		290,860	0	0
WHIRLPOOL CORP	COM	963320106	9,464	66,481	SH		SOLE		66,481	0	0