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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
2SEVENTY BIO INC COMMON STOCK COMMON STOCK 901384107   182,160 18,000 SH   DFND   18,000 0 0
3M CO COM 88579Y101   334,201 3,339 SH   DFND   3,339 0 0
A T & T INC COM 00206R102   203,283 12,745 SH   DFND   12,745 0 0
ABB LTD SPONSORED ADR SPONSORED ADR 000375204   1,170,673 29,771 SH   DFND   29,771 0 0
ABBOTT LABS COM 002824100   1,141,003 10,466 SH   DFND   10,466 0 0
ABBVIE INC COM COM 00287Y109   3,347,906 24,849 SH   DFND   24,849 0 0
ALAUNOS THERAPEUTICS INC COM 98973P101   17,340 34,000 SH   DFND   34,000 0 0
ALGOMA STL GROUP INC COM COM 015658107   132,108 18,607 SH   DFND   18,607 0 0
ALICO INC COM 016230104   201,134 7,900 SH   DFND   7,900 0 0
ALKERMES PLC COM G01767105   751,200 24,000 SH   DFND   24,000 0 0
ALLOGENE THERAPEUTICS INC COM COM 019770106   99,400 20,000 SH   DFND   20,000 0 0
ALNYLAM PHARMACEUTICALS INC COM COM 02043Q107   569,820 3,000 SH   DFND   3,000 0 0
ALPHABET INC CLASS A CL A 02079K305   691,148 5,774 SH   DFND   5,774 0 0
ALPHABET INC CLASS C CL C 02079K107   1,144,134 9,458 SH   DFND   9,458 0 0
ALPS ETF TR ALERIAN MLP ALERIAN MLP 00162Q452   3,992,049 101,812 SH   DFND   101,812 0 0
ALTRIA GROUP INC COM 02209S103   1,813,450 40,032 SH   DFND   40,032 0 0
AMAZON COM INC COM 023135106   201,276 1,544 SH   DFND   1,544 0 0
AMERICAN STS WTR CO COM COM 029899101   410,727 4,721 SH   DFND   4,721 0 0
AMERICAN TOWER REIT COM COM 03027X100   278,886 1,438 SH   DFND   1,438 0 0
AMERICAN WTR WKS CO INC NEW COM 030420103   266,255 1,865 SH   DFND   1,865 0 0
AMGEN INC COM 031162100   861,438 3,880 SH   DFND   3,880 0 0
ANALOG DEVICES INC COM 032654105   904,841 4,645 SH   DFND   4,645 0 0
APPLE INC COM 037833100   2,096,973 10,811 SH   DFND   10,811 0 0
APPLIED DIGITAL CORP COM NEW 038169207   135,294 14,470 SH   DFND   14,470 0 0
APYX MED CORP COM COM 03837C106   3,093,450 615,000 SH   DFND   615,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102   67,759,992 896,771 SH   DFND   896,771 0 0
ASSOCIATED CAP GROUP INC CL A CL A 045528106   43,261,197 1,222,068 SH   DFND   1,222,068 0 0
ASTRAZENECA PLC SPONSORED ADR SPONSORED ADR 046353108   1,006,131 14,058 SH   DFND   14,058 0 0
AUTONATION INC COM COM 05329W102   51,777,088 314,544 SH   DFND   314,544 0 0
BAKKT HOLDINGS INC COM CL A COM CL A 05759B107   606,251 492,887 SH   DFND   492,887 0 0
BALCHEM CORP COM 057665200   907,811 6,734 SH   DFND   6,734 0 0
BANCO SANTANDER CENT HISPANO ADR ADR 05964H105   157,341 42,410 SH   DFND   42,410 0 0
BANK AMER CORP COM 060505104   880,107 30,676 SH   DFND   30,676 0 0
BANK OF NEW YORK MELLON CORP COM 064058100   505,925 11,364 SH   DFND   11,364 0 0
BEAM THERAPEUTICS INC COM COM 07373V105   319,300 10,000 SH   DFND   10,000 0 0
BEL FUSE INC CL A CL A 077347201   446,078 7,691 SH   DFND   7,691 0 0
BEL FUSE INC CL B CL B 077347300   1,664,201 28,988 SH   DFND   28,988 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108   1,035,620 2 SH   DFND   2 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW CL B NEW 084670702   16,592,551 48,659 SH   DFND   48,659 0 0
BGC PARTNERS INC CL A CL A 05541T101   718,807 162,259 SH   DFND   162,259 0 0
BICYCLE THERAPEUTICS PLC SPONSORED ADS SPONSORED ADS 088786108   382,800 15,000 SH   DFND   15,000 0 0
BIOGEN INC COM 09062X103   925,762 3,250 SH   DFND   3,250 0 0
BITFARMS LTD COM COM 09173B107   26,901 18,300 SH   DFND   18,300 0 0
BLACK KNIGHT INC COM COM 09215C105   909,927 15,234 SH   DFND   15,234 0 0
BLACK STONE MINERALS LP COM UNIT COM UNIT 09225M101   2,595,671 162,738 SH   DFND   162,738 0 0
BLACKROCK CREDIT ALL INC TR COM COM 092508100   450,224 44,357 SH   DFND   44,357 0 0
BLACKROCK FLOAT RATE OME STR COM 09255X100   723,943 59,291 SH   DFND   59,291 0 0
BLACKROCK FLOATING RATE INCOME COM 091941104   147,825 12,678 SH   DFND   12,678 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN COM SHS BEN IN 09257P105   269,101 12,950 SH   DFND   12,950 0 0
BLACKROCK MUNI INCOME FD COM 09253X102   1,206,474 105,461 SH   DFND   105,461 0 0
BLACKROCK MUNIHLDGS QUALITY FUND II INC COM 09254C107   586,775 60,430 SH   DFND   60,430 0 0
BLACKROCK MUNIHOLDINGS FD INCOM COM 09253N104   1,509,772 129,817 SH   DFND   129,817 0 0
BLACKROCK MUNIVEST FD INC COM COM 09253R105   312,541 46,440 SH   DFND   46,440 0 0
BLACKROCK MUNIYIELD QLTY FD COM COM 09254E103   466,635 42,654 SH   DFND   42,654 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254G108   311,940 31,008 SH   DFND   31,008 0 0
BLACKSTONE INC COM CL A 09260D107   734,463 7,900 SH   DFND   7,900 0 0
BLACKSTONE MTG TR INC COM CL A COM CL A 09257W100   521,290 25,050 SH   DFND   25,050 0 0
BLUEBIRD BIO INC COM COM 09609G100   125,020 38,000 SH   DFND   38,000 0 0
BOEING CO COM 097023105   12,656,508 59,938 SH   DFND   59,938 0 0
BP PLC SPONS ADR SPONSORED ADR 055622104   323,221 9,159 SH   DFND   9,159 0 0
BRISTOL MYERS SQUIBBCO COM 110122108   2,719,857 42,531 SH   DFND   42,531 0 0
BROADRIDGE FINL SOLUTIONS INC COM 11133T103   755,935 4,564 SH   DFND   4,564 0 0
BROOKFIELD ASSET MANAGMT LTDCL A LMT VTG S CL A LMT VTG SHS 113004105   15,529,599 475,930 SH   DFND   475,930 0 0
BROOKFIELD CORP CL A LMT VTG S CL A LTD VT SH 11271J107   44,194,566 1,313,360 SH   DFND   1,313,360 0 0
BROOKFIELD INFRASTRUCTURE PARTNERS LP LP INT UNIT G16252101   1,575,632 43,168 SH   DFND   43,168 0 0
BROOKFIELD REAL ASSETS INCOME FUND SHS BEN INT 112830104   315,256 18,810 SH   DFND   18,810 0 0
BUNGE LIMITED SHS COM G16962105   37,935,498 402,072 SH   DFND   402,072 0 0
BWX TECHNOLOGIES INC COM COM 05605H100   214,996 3,004 SH   DFND   3,004 0 0
CACI INTL INC CL A CL A 127190304   149,995,845 440,077 SH   DFND   440,077 0 0
CAMECO CORP COM 13321L108   22,818,015 728,312 SH   DFND   728,312 0 0
CAPITAL SOUTHWEST CORP COM 140501107   323,408 16,400 SH   DFND   16,400 0 0
CARNIVAL CORP PAIREDCTF COMMON STOCK 143658300   21,705,360 1,152,701 SH   DFND   1,152,701 0 0
CATERPILLAR INC COM 149123101   1,623,438 6,598 SH   DFND   6,598 0 0
CBOE GLOBAL MARKETS INC COM 12503M108   55,928,032 405,246 SH   DFND   405,246 0 0
CBRE GROUP INC CL A CL A 12504L109   25,988,136 321,994 SH   DFND   321,994 0 0
CENTERPOINT ENERGY INC COM 15189T107   428,680 14,706 SH   DFND   14,706 0 0
CHARLES RIV LABS INTL INC COM 159864107   48,883,020 232,500 SH   DFND   232,500 0 0
CHENIERE ENERGY INC COM NEW COM NEW 16411R208   97,944,834 642,851 PRN   DFND   642,851 0 0
CHEVRON CORP COM 166764100   2,231,538 14,182 SH   DFND   14,182 0 0
CISCO SYSTEMS INC COM 17275R102   2,056,303 39,743 SH   DFND   39,743 0 0
CIVEO CORP COM NEW 17878Y207   79,277,512 4,069,687 SH   DFND   4,069,687 0 0
CME GROUP INC COM COM 12572Q105   42,881,056 231,427 SH   DFND   231,427 0 0
CMS ENERGY CORP COM 125896100   856,281 14,575 SH   DFND   14,575 0 0
COHEN & STEERS INC COM COM 19247A100   235,271 4,057 SH   DFND   4,057 0 0
COHEN & STEERS QUALITY RLTY COM COM 19247L106   629,103 54,233 SH   DFND   54,233 0 0
COLGATE PALMOLIVE CO COM 194162103   229,425 2,978 SH   DFND   2,978 0 0
COMCAST CORP NEW CL A CL A 20030N101   402,038 9,676 SH   DFND   9,676 0 0
CONOCOPHILLIPS COM 20825C104   271,665 2,622 SH   DFND   2,622 0 0
CORE LABORATORIES INC COM COM 21867A105   3,415,611 146,908 SH   DFND   146,908 0 0
COSTAMARE INC SHS SHS Y1771G102   2,207,990 228,334 SH   DFND   228,334 0 0
CRISPR THERAPEUTICS AG NAMEN AKT NAMEN AKT H17182108   624,558 11,125 SH   DFND   11,125 0 0
CSW INDUSTRIALS INC COM COM 126402106   1,794,852 10,800 SH   DFND   10,800 0 0
CVS HEALTH CORP COM 126650100   1,063,491 15,384 SH   DFND   15,384 0 0
DANAHER CORP COM 235851102   2,312,645 9,636 SH   DFND   9,636 0 0
DISNEY WALT CO DISNEY COM COM DISNEY 254687106   265,429 2,973 SH   DFND   2,973 0 0
DORCHESTER MINERALS LP COM UNIT COM UNIT 25820R105   29,692,038 991,056 SH   DFND   991,056 0 0
DORMAN PRODUCTS INC COM COM 258278100   236,490 3,000 SH   DFND   3,000 0 0
DOUBLELINE INCOME SOLUTIONS COM COM 258622109   973,285 81,720 SH   DFND   81,720 0 0
DOUBLELINE OPPORTUNISTIC CR COM COM 258623107   1,032,720 71,173 SH   DFND   71,173 0 0
DOW INC COM COM 260557103   202,601 3,804 SH   DFND   3,804 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105   116,588 12,456 SH   DFND   12,456 0 0
EATON VANCE MUN BD FD COM 27827X101   176,035 17,692 SH   DFND   17,692 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105   235,012 20,001 SH   DFND   20,001 0 0
EATON VANCE SR INCOME TR SH BEN INT SH BEN INT 27826S103   118,646 21,730 SH   DFND   21,730 0 0
EBAY INC COM 278642103   945,303 21,152 SH   DFND   21,152 0 0
ECHOSTAR CORP CL A CL A 278768106   1,664,952 96,018 SH   DFND   96,018 0 0
EDITAS MEDICINE INC COM COM 28106W103   272,002 33,050 SH   DFND   33,050 0 0
ELI LILLY AND COMPANY COM 532457108   2,549,844 5,437 SH   DFND   5,437 0 0
EMERSON ELEC CO COM 291011104   1,616,719 17,886 SH   DFND   17,886 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN COM UT LTD PTN 29273V100   2,227,491 175,393 SH   DFND   175,393 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107   2,718,740 103,178 SH   DFND   103,178 0 0
EOG RES INC COM 26875P101   696,253 6,084 SH   DFND   6,084 0 0
EQUITY COMMONWEALTH COM SH BEN INT 294628102   418,148 20,639 SH   DFND   20,639 0 0
EQUITY LIFESTYLE PPTYS INC COM COM 29472R108   10,987,084 164,256 SH   DFND   164,256 0 0
EXXON MOBIL CORP COM 30231G102   4,792,252 44,683 SH   DFND   44,683 0 0
FEDERATED HERMES INC CL B CL B 314211103   1,667,123 46,503 SH   DFND   46,503 0 0
FEDERATED HERMES PREM MUN INC FD COM COM 31423P108   374,059 35,189 SH   DFND   35,189 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF GROUP COM 31620R303   1,574,712 43,742 SH   DFND   43,742 0 0
FIDELITY NATL INFORMATION SVC COM 31620M106   973,988 17,806 SH   DFND   17,806 0 0
FRANCO NEVADA CORP COM COM 351858105   143,320,630 1,005,054 SH   DFND   1,005,054 0 0
FREEPORT MCMORAN INC CL B CL B 35671D857   4,187,080 104,677 SH   DFND   104,677 0 0
GALECTIN THERAPEUTICS INC COM NEW COM NEW 363225202   80,640 56,000 SH   DFND   56,000 0 0
GALLAGHER ARTHUR J & CO COM COM 363576109   468,562 2,134 SH   DFND   2,134 0 0
GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK 36266G107   290,433 3,575 SH   DFND   3,575 0 0
GENERAL ELECTRIC CO COM NEW COM NEW 369604301   803,223 7,312 SH   DFND   7,312 0 0
GENERAL MLS INC COM 370334104   253,090 3,300 SH   DFND   3,300 0 0
GENERAL MTRS CO COM COM 37045V100   825,801 21,416 SH   DFND   21,416 0 0
GENUINE PARTS CO COM 372460105   414,614 2,450 SH   DFND   2,450 0 0
GILEAD SCIENCES INC COM 375558103   696,173 9,033 SH   DFND   9,033 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   384,790 1,193 SH   DFND   1,193 0 0
GRAHAM HLDGS CO COM COM 384637104   460,613 806 SH   DFND   806 0 0
GRAYSCALE BASIC ATTENTION TOKEN TR TOKEN TR 38963U108   3,969 2,089 SH   DFND   2,089 0 0
GRAYSCALE BITCOIN CASH TRUST BCH TRUST BCH 38963P109   2,768,171 1,139,165 SH   DFND   1,139,165 0 0
GRAYSCALE BITCOIN TRUST BTC TRUST BTC 389637109   303,125,355 15,796,006 SH   DFND   15,796,006 0 0
GRAYSCALE DECENTRALAND TRUST TRUST 38964P108   4,077 691 SH   DFND   691 0 0
GRAYSCALE DIGITAL LARGE CAP FUND FUND G40705108   398,031 49,079 SH   DFND   49,079 0 0
GRAYSCALE ETHEREUM CLASSIC TRUST TRUST 38963Q107   430,667 57,042 SH   DFND   57,042 0 0
GRAYSCALE ETHEREUM TR ETH SHS ETH SHS 389638107   64,660 6,505 SH   DFND   6,505 0 0
GRAYSCALE LITECOIN TRUST LTC SHS LTC SHS 38963W104   2,633,684 425,474 SH   DFND   425,474 0 0
GRAYSCALE ZCASH TR ZEC COM TR ZEC COM 38964G108   41,054 15,492 SH   DFND   15,492 0 0
GREENBRIER COS INC COM COM 393657101   409,450 9,500 SH   DFND   9,500 0 0
GSK PLC SPONSORED ADR SPONSORED ADR 37733W204   849,586 23,838 SH   DFND   23,838 0 0
HALEON PLC SPON ADS SPON ADS 405552100   122,960 14,673 SH   DFND   14,673 0 0
HONEYWELL INTL INC COM 438516106   1,276,748 6,153 SH   DFND   6,153 0 0
HORIZON KINETICS INFLATION BENEF ETF HORIZON KINETICS 53656F623   2,588,476 84,674 SH   DFND   84,674 0 0
HORIZON KINETICS SPAC ACTIVE ETF HORZN KNTC SPAC 53656G555   8,805,579 90,639 SH   DFND   90,639 0 0
HOWARD HUGHES CORP COM COM 44267D107   47,352,489 600,006 SH   DFND   600,006 0 0
I B M COM 459200101   492,421 3,680 SH   DFND   3,680 0 0
IAC INC COM NEW 44891N208   568,654 9,055 SH   DFND   9,055 0 0
INTEL CORP COM 458140100   1,058,543 31,655 SH   DFND   31,655 0 0
INTELLIA THERAPEUTICS INC COM COM 45826J105   611,700 15,000 SH   DFND   15,000 0 0
INTER PARFUMS INC COM COM 458334109   22,180,938 164,024 SH   DFND   164,024 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104   104,486,565 924,006 SH   DFND   924,006 0 0
INTL FLAVORS & FRAGRANCES COM 459506101   242,750 3,050 SH   DFND   3,050 0 0
INVESCO INSURED MUNICIPAL INCOME TRUST COM 46132P108   386,538 32,702 SH   DFND   32,702 0 0
INVESCO QUALITY MUNI INC TRSCOM COM 46133G107   214,163 22,402 SH   DFND   22,402 0 0
INVESCO S&P 500 EQL WGT ETF S&P500 EQL WGT 46137V357   701,888 4,691 SH   DFND   4,691 0 0
INVESCO VAN KAMPEN SENIOR INCOME TRUST COM 46131H107   38,500 10,000 SH   DFND   10,000 0 0
INVESCO VAN KAMPEN TRUST INVESTMENT GRADE NE COM 46131T101   106,431 10,414 SH   DFND   10,414 0 0
IONIS PHARMACEUTICALS INC COM COM 462222100   533,390 13,000 SH   DFND   13,000 0 0
IRON MTN INC NEW COM COM 46284V101   1,554,482 27,358 SH   DFND   27,358 0 0
ISHARES GOLD TR ISHARES NEW ISHARES NEW 464285204   325,327 8,940 SH   DFND   8,940 0 0
ISHARES SILVER TRUST ISHARES ISHARES 46428Q109   710,281 34,001 SH   DFND   34,001 0 0
ISHARES TR GLOBAL TIMBER & FORE GL TIMB FORE ETF 464288174   792,808 11,058 SH   DFND   11,058 0 0
JOHNSON & JOHNSON COM 478160104   2,945,646 17,796 SH   DFND   17,796 0 0
JP MORGAN CHASE & CO ISIN COM 46625H100   438,938 3,018 SH   DFND   3,018 0 0
JP MORGAN EXCHANGE TRADED FDULTRA SHRT INC ULTRA SHRT INC 46641Q837   1,739,056 34,684 SH   DFND   34,684 0 0
KAYNE ANDERSON ENERGY INFRSTR COM 486606106   102,213 12,557 SH   DFND   12,557 0 0
KIMBELL RTY PARTNERS LP UNIT UNIT 49435R102   1,017,647 69,181 SH   DFND   69,181 0 0
KIMBERLY CLARK CORP COM 494368103   427,986 3,100 SH   DFND   3,100 0 0
KINDER MORGAN INC DEL COM COM 49456B101   2,800,799 162,648 SH   DFND   162,648 0 0
KKR & CO INC CL A COM 48251W104   283,248 5,058 SH   DFND   5,058 0 0
KLA-TENCOR CORP COM NEW 482480100   2,092,861 4,315 SH   DFND   4,315 0 0
KRAFT HEINZ COMPANY COM 500754106   295,611 8,327 SH   DFND   8,327 0 0
KRANESHARES TR GLOBAL CARBON GLOBAL CARB STRA 500767678   1,365,805 36,018 SH   DFND   36,018 0 0
L3 HARRIS TECHNOLOGIES INC COM 502431109   1,780,400 9,094 SH   DFND   9,094 0 0
LANTERN PHARMA INC COM COM 51654W101   169,200 30,000 SH   DFND   30,000 0 0
LAS VEGAS SANDS CORP COM 517834107   3,062,806 52,807 SH   DFND   52,807 0 0
LENNAR CORP CL A CL A 526057104   651,863 5,202 SH   DFND   5,202 0 0
LIBERTY BRAVES GROUP SER A COM A BRAVES GRP 531229706   1,229,612 30,049 SH   DFND   30,049 0 0
LIBERTY BRAVES GROUP SER C COM C BRAVES GRP 531229888   1,915,905 48,357 SH   DFND   48,357 0 0
LIBERTY BROADBAND CORP COM SER A COM SER A 530307107   212,401 2,664 SH   DFND   2,664 0 0
LIBERTY BROADBAND CORP COM SER C COM SER C 530307305   9,041,375 112,862 SH   DFND   112,862 0 0
LIBERTY FORMULA ONE SER A COM SER A FRMLA 531229870   11,140,936 164,758 SH   DFND   164,758 0 0
LIBERTY FORMULA ONE SER C COM SER C FRMLA 531229854   15,471,108 205,514 SH   DFND   205,514 0 0
LIBERTY LATIN AMERICA LTD COM CL C COM CL C G9001E128   144,876 16,807 SH   DFND   16,807 0 0
LIBERTY SIRIUS GROUP SER C COM C SIRIUSXM 531229607   13,774,371 420,849 SH   DFND   420,849 0 0
LIBERTY SIRIUS XM GROUP SER A COM A SIRIUSXM 531229409   4,889,740 149,032 SH   DFND   149,032 0 0
LINDE PLC SHS SHS G54950103   563,998 1,480 SH   DFND   1,480 0 0
LIVE NATION ENTERTAINMENT INC COM 538034109   40,313,077 442,466 SH   DFND   442,466 0 0
LOEWS CORP COM 540424108   366,790 6,177 SH   DFND   6,177 0 0
LSB INDS INC COM COM 502160104   173,360 17,600 SH   DFND   17,600 0 0
MADISON SQUARE GARDEN ENTMT COM CL A COM CL A 558256103   1,688,027 50,209 SH   DFND   50,209 0 0
MADISON SQUARE GARDEN SPORTS CP CL A CL A 55825T103   6,248,149 33,226 SH   DFND   33,226 0 0
MARATHON PETE CORP COM COM 56585A102   748,572 6,420 SH   DFND   6,420 0 0
MARKEL GROUP INC COM 570535104   3,814,816 2,758 SH   DFND   2,758 0 0
MARSH & MCLENNAN COS INC COM 571748102   39,247,406 208,674 SH   DFND   208,674 0 0
MASTERCARD INC CL A COM CL A 57636Q104   12,896,127 32,790 SH   DFND   32,790 0 0
MCDONALDS CORP COM 580135101   1,225,570 4,107 SH   DFND   4,107 0 0
MERCK & COMPANY COM 58933Y105   3,076,623 26,663 SH   DFND   26,663 0 0
MESABI TR CTF BEN INT CTF BEN INT 590672101   60,340,731 2,956,430 SH   DFND   2,956,430 0 0
METALLA RTY & STREAMING LTD COM NEW COM NEW 59124U605   1,693,112 390,118 SH   DFND   390,118 0 0
MFS HIGH INCOME MUN TR SH BEN INT SH BEN INT 59318D104   215,252 61,854 SH   DFND   61,854 0 0
MICROSOFT COM 594918104   3,250,823 9,546 SH   DFND   9,546 0 0
MICROSTRATEGY INC CL A NEW CL A NEW 594972408   6,820,664 19,919 SH   DFND   19,919 0 0
MONDELEZ INTL INC COM CL A 609207105   1,211,096 16,604 SH   DFND   16,604 0 0
MOVADO GROUP INC COM 624580106   634,717 23,657 SH   DFND   23,657 0 0
NASDAQ INC COM 631103108   5,466,868 109,666 SH   DFND   109,666 0 0
NEUBERGER BERMAN MUNI FD INC COM COM 64124P101   266,776 25,951 SH   DFND   25,951 0 0
NEUBERGER BERMAN NY MUN FD INC COM COM 64124K102   154,691 16,232 SH   DFND   16,232 0 0
NEWMONT CORP COM 651639106   975,790 22,874 SH   DFND   22,874 0 0
NORFOLK SOUTHN CORP COM 655844108   984,365 4,341 SH   DFND   4,341 0 0
NOVARTIS AG SPONSORED ADR SPONSORED ADR 66987V109   1,231,102 12,200 SH   DFND   12,200 0 0
NOVO-NORDISK A S ADR ADR 670100205   1,252,564 7,740 SH   DFND   7,740 0 0
NUCANA PLC SPONSORED ADR SPONSORED ADR 67022C106   15,379 19,467 SH   DFND   19,467 0 0
NUTRIEN LTD COM COM 67077M108   25,042,958 424,098 SH   DFND   424,098 0 0
NUVEEN AMT-FREE QLTY MUN INCOME COM 670657105   4,631,205 423,715 SH   DFND   423,715 0 0
NUVEEN DIV QLTY MUNI FD 3 SH BEN INT COM SH BEN INT 67070X101   399,751 34,284 SH   DFND   34,284 0 0
NUVEEN DIVID AMT FREE MUNI CRED INC FD COM 67071L106   191,997 16,410 SH   DFND   16,410 0 0
NUVEEN FLTNG RTE INCM OPP FDCOM SHS COM SHS 6706EN100   442,048 56,673 SH   DFND   56,673 0 0
NUVEEN MUN HIGH INC OPP FD COM COM 670682103   109,600 10,369 SH   DFND   10,369 0 0
NUVEEN MUN VALUE FD INC COM 670928100   100,485 11,550 SH   DFND   11,550 0 0
NUVEEN NY AMT FREE QLTY MUN INC FD COM 670656107   692,374 66,896 SH   DFND   66,896 0 0
NUVEEN NY QLTY INCOME FD COM 67066X107   224,008 20,838 SH   DFND   20,838 0 0
NUVEEN PREFERRED & INCOME SECURITIES FD COM 67072C105   105,914 16,601 SH   DFND   16,601 0 0
NUVEEN QUALITY MUNI INC FD COM 67066V101   1,904,926 169,026 SH   DFND   169,026 0 0
NUVEEN SELECT MAT MUN FD SH BEN INT SH BEN INT 67061T101   193,500 21,500 SH   DFND   21,500 0 0
NUVEEN SR INCOME FD COM 67067Y104   481,857 105,209 SH   DFND   105,209 0 0
NUVEEN TAXABLE MUNICIPAL INC FUND COM 67074C103   452,641 28,849 SH   DFND   28,849 0 0
NVIDIA CORP COM 67066G104   600,688 1,420 SH   DFND   1,420 0 0
OCCIDENTAL PETE CORP COM 674599105   250,488 4,260 SH   DFND   4,260 0 0
OIL STATE INTERNATIONAL INC COM COM 678026105   85,233 11,410 SH   DFND   11,410 0 0
OPENLANE INC COM 48238T109   1,676,696 110,164 SH   DFND   110,164 0 0
ORGANON & CO COMMON STOCK COMMON STOCK 68622V106   464,604 22,326 SH   DFND   22,326 0 0
OSHKOSH CORP COM 688239201   11,822,550 136,535 SH   DFND   136,535 0 0
OSISKO GOLD ROYALTIES LTD COM COM 68827L101   30,208,600 1,965,426 SH   DFND   1,965,426 0 0
PACIFIC BIOSCIENCES CALIF INCOM COM 69404D108   159,600 12,000 SH   DFND   12,000 0 0
PARAMOUNT GLOBAL CLASS B CL B 92556H206   1,169,878 73,531 SH   DFND   73,531 0 0
PATTERSON UTI ENERGY INC COM COM 703481101   4,849,011 405,097 SH   DFND   405,097 0 0
PCM FUND INC COM 69323T101   236,243 24,532 SH   DFND   24,532 0 0
PENSKE AUTOMOTIVE GRP INC COM COM 70959W103   32,886,367 197,362 SH   DFND   197,362 0 0
PEPSICO INC COM 713448108   371,181 2,004 SH   DFND   2,004 0 0
PERMIAN BASIN RTY TR UNIT BEN INT UNIT BEN INT 714236106   99,555,534 3,993,403 SH   DFND   3,993,403 0 0
PFIZER INC COM 717081103   1,781,584 48,571 SH   DFND   48,571 0 0
PHILIP MORRIS INTL INC COM COM 718172109   2,239,793 22,944 SH   DFND   22,944 0 0
PIMCO DYNAMIC INCOME FD SHS SHS 72201Y101   1,245,244 66,413 SH   DFND   66,413 0 0
PIMCO INCOME STRATEGY FUND COM 72201H108   811,555 99,091 SH   DFND   99,091 0 0
PIMCO INCOME STRATEGY FUND II COM 72201J104   2,019,684 280,123 SH   DFND   280,123 0 0
PIMCO MUN INCOME FD II COM 72200W106   136,052 15,050 SH   DFND   15,050 0 0
PIMCO NY MUNICIPAL INCOME FD COM 72200T103   294,783 34,357 SH   DFND   34,357 0 0
POLISH COM INC WTS EXPIRE 6/2/26 W EXP 06/02/202 28252C117   2,450 37,752 SH   DFND   37,752 0 0
POTLATCHDELTIC CORP NEW COM COM 737630103   5,241,680 99,180 SH   DFND   99,180 0 0
PROSHARES TR II SHT VIX ST TRM SHT VIX ST TRM 74347W130   59,830,993 706,554 SH   DFND   706,554 0 0
QUALCOMM INC COM 747525103   596,390 5,010 SH   DFND   5,010 0 0
QUEST DIAGNOSTICS INC COM 74834L100   654,728 4,658 SH   DFND   4,658 0 0
RAIN ONCOLOGY INC COM COM 75082Q105   30,000 25,000 SH   DFND   25,000 0 0
RAYONIER ADVANCED MATLS INC COM COM 75508B104   592,566 138,450 SH   DFND   138,450 0 0
RAYONIER INC COM COM 754907103   4,013,724 127,826 SH   DFND   127,826 0 0
RAYTHEON TECHNOLOGIES CORP COM COM 75513E101   1,196,483 12,214 SH   DFND   12,214 0 0
RB GLOBAL INC COM 74935Q107   6,092,011 101,534 SH   DFND   101,534 0 0
REGENERON PHARMACEUTICALS COM COM 75886F107   549,683 765 SH   DFND   765 0 0
RENN FUND INC COM COM 759720105   956,703 528,565 SH   DFND   528,565 0 0
REPLIMUNE GROUP INC COM COM 76029N106   348,300 15,000 SH   DFND   15,000 0 0
RESIDEO TECHNOLOGIES INC COM COM 76118Y104   1,244,995 70,498 SH   DFND   70,498 0 0
REVVITY INC COM 714046109   241,738 2,035 SH   DFND   2,035 0 0
RIO TINTO PLC SPONSORED ADR ISIN SPONSORED ADR 767204100   344,736 5,400 SH   DFND   5,400 0 0
ROCKWELL AUTOMATION INC COM 773903109   1,555,992 4,723 SH   DFND   4,723 0 0
ROYAL CARIBBEAN GROUP COM V7780T103   5,915,359 57,021 SH   DFND   57,021 0 0
ROYAL GOLD INC COM COM 780287108   15,471,534 134,793 SH   DFND   134,793 0 0
ROYALTY PHARMA PLC SHS CLASS A SHS CLASS A G7709Q104   10,256,985 333,669 SH   DFND   333,669 0 0
ROYCE MICRO-CAP TR INC COM 780915104   1,254,024 143,317 SH   DFND   143,317 0 0
RUMBLE INC COM CL A COM CL A 78137L105   577,186 64,707 SH   DFND   64,707 0 0
S&P GLOBAL INC COM COM 78409V104   11,139,823 27,788 SH   DFND   27,788 0 0
SABINE ROYALTY TR UNIT BEN INT UNIT BEN INT 785688102   2,789,970 42,311 SH   DFND   42,311 0 0
SALARIUS PHARMACEUTICALS INC COM NEW COM NEW 79400X305   48,276 32,400 SH   DFND   32,400 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT UNIT BEN INT 798241105   1,010,094 135,948 SH   DFND   135,948 0 0
SANDRIDGE ENERGY INC COM NEW COM NEW 80007P869   152,698 10,013 SH   DFND   10,013 0 0
SANDSTORM GOLD LTD COM NEW COM NEW 80013R206   30,042,811 5,867,737 SH   DFND   5,867,737 0 0
SANOFI SPONSORED ADR SPONSORED ADR 80105N105   701,616 13,017 SH   DFND   13,017 0 0
SCHLUMBERGER COM STK 806857108   353,271 7,192 SH   DFND   7,192 0 0
SCIENCE APPLICATNS INTL CP NCOM COM 808625107   48,520,058 431,366 SH   DFND   431,366 0 0
SCRIPPS E W CO OHIO CL A CL A NEW 811054402   183,000 20,000 SH   DFND   20,000 0 0
SEABOARD CORP DEL COM 811543107   840,330 236 SH   DFND   236 0 0
SEALED AIR CORP NEW COM 81211K100   1,485,400 37,135 SH   DFND   37,135 0 0
SITIO ROYALTIES CORP CLASS A COM CLASS A COM 82983N108   44,976,884 1,712,101 SH   DFND   1,712,101 0 0
SONOCO PRODUCTS COM 835495102   1,274,832 21,600 SH   DFND   21,600 0 0
SPDR GOLD TRUST GOLD SHS GOLD SHS 78463V107   710,941 3,988 SH   DFND   3,988 0 0
SPDR OIL & GAS EQUIP & SERV ETF OILGAS EQUIP 78468R549   2,968,024 37,969 SH   DFND   37,969 0 0
SPHERE ENTERTAINMENT CO CL A 55826T102   1,382,483 50,474 SH   DFND   50,474 0 0
SPROTT INC COM NEW COM NEW 852066208   7,779,114 240,096 SH   DFND   240,096 0 0
SPROTT PHYSICAL GOLD TRUST UNIT UNIT 85207H104   247,985 16,621 SH   DFND   16,621 0 0
STANDARD & POORS DEPOSITARY RECEIPTS (SPD TR UNIT 78462F103   1,473,019 3,323 SH   DFND   3,323 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204   931,259 52,613 SH   DFND   52,613 0 0
STRYKER CORP COM 863667101   610,180 2,000 SH   DFND   2,000 0 0
SUNCOR ENERGY INC NEW COM ISIN COM 867224107   1,751,899 59,751 SH   DFND   59,751 0 0
TEJON RANCH CO DEL COM COM 879080109   20,205,624 1,174,063 SH   DFND   1,174,063 0 0
TETRA TECHNOLOGIES INC DEL COM COM 88162F105   36,774 10,880 SH   DFND   10,880 0 0
TEXAS PACIFIC LAND CORP COM 88262P102   1,848,191,482 1,403,867 SH   DFND   1,403,867 0 0
THE SAINT JOE CO COM COM 790148100   32,069,389 663,413 SH   DFND   663,413 0 0
TORONTO DOMINION BK ONT NEW COM NEW 891160509   1,193,692 19,250 SH   DFND   19,250 0 0
TRI POINTE HOMES INC COM COM 87265H109   3,174,670 96,612 SH   DFND   96,612 0 0
TRIPLE FLAG PRECIOUS METAL COM COM 89679M104   546,843 39,684 SH   DFND   39,684 0 0
UNION PACIFIC CORP COM COM 907818108   480,857 2,350 SH   DFND   2,350 0 0
VAIL RESORTS INC COM COM 91879Q109   374,367 1,487 SH   DFND   1,487 0 0
VALMONT INDS INC COM 920253101   516,614 1,775 SH   DFND   1,775 0 0
VANDA PHARMACEUTICALS INC COM COM 921659108   177,930 27,000 SH   DFND   27,000 0 0
VANECK ETF TR JR GOLD MINERS JR GOLD MINERS E 92189F791   1,327,203 37,218 SH   DFND   37,218 0 0
VANECK GOLD MINERS ETF GOLD MINERS ETF 92189F106   516,298 17,147 SH   DFND   17,147 0 0
VANECK VECTORS ETF TR OIL SVCS ETF OIL SVCS ETF 92189H607   1,252,925 4,356 SH   DFND   4,356 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND SHORT TRM BOND 921937827   569,873 7,541 SH   DFND   7,541 0 0
VANGUARD BD INDEX FDS VANGUARD ULTRA VANGUARD ULTRA 92203C303   15,016,758 305,467 SH   DFND   305,467 0 0
VANGUARD INDEX FDS EXTEND MKT ETF EXTEND MKT ETF 922908652   691,873 4,649 SH   DFND   4,649 0 0
VANGUARD INDEX FDS S&P 500 ETF SH S&P500 ETF SHS 922908363   1,462,542 3,591 SH   DFND   3,591 0 0
VANGUARD INDEX TR STK MKT VIPERS TOTAL STK MKT 922908769   472,060 2,143 SH   DFND   2,143 0 0
VANGUARD SHORTTERM GVT BD ETF SHORT TERM TREAS 92206C102   12,852,025 222,623 SH   DFND   222,623 0 0
VERISK ANALYTICS INC CL A CL A 92345Y106   1,582,210 7,000 SH   DFND   7,000 0 0
VERIZON COMMUNICATIONS COM 92343V104   389,342 10,469 SH   DFND   10,469 0 0
VIMEO INC COMMON STOCK COMMON STOCK 92719V100   44,409 10,779 SH   DFND   10,779 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT COM UNT RP INT 92763M105   48,574,768 1,810,465 SH   DFND   1,810,465 0 0
VISA INC COM CL A COM CL A 92826C839   1,030,426 4,339 SH   DFND   4,339 0 0
W P CAREY INC COM 92936U109   901,926 13,350 SH   DFND   13,350 0 0
WARNER BROS DISCOVERY INC SERIES A COM COM SERIES A 934423104   2,122,721 169,276 SH   DFND   169,276 0 0
WENDYS COMPANY COM 95058W100   26,076,179 1,198,905 SH   DFND   1,198,905 0 0
WEST FRASER TIMBER LTD COM 952845105   35,320,842 410,803 SH   DFND   410,803 0 0
WEYERHAEUSER CO COM NEW 962166104   1,315,832 39,267 SH   DFND   39,267 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   144,464,472 3,342,538 SH   DFND   3,342,538 0 0
WILLIAMS COS INC COM 969457100   4,684,983 143,579 SH   DFND   143,579 0 0
WISDOMTREE INC COM 97717P104   1,322,723 192,817 SH   DFND   192,817 0 0
WSTRN ASSET INFLATION LINKED OPPORT INC FD COM 95766R104   233,337 26,336 SH   DFND   26,336 0 0
DIREXION SHS ETF TR DAILY GOLD MINER 25460G880   720,000 36,000 SH Call DFND   36,000 0 0
DIREXION SHS ETF TR DLY JR GOLD 2X 25460G807   432,000 36,000 SH Call DFND   36,000 0 0
BARCLAYS BANK PLC IPTH SR B S&P 06748F324   9,224,000 115,300 SH Call DFND   115,300 0 0
PROSHARES TR II ULTRA VIX SHORT 74347Y771   7,541,700 327,900 SH Call DFND   327,900 0 0
PROSHARES TR II VIX SH TRM FUTRS 74347Y789   7,854,500 341,500 SH Call DFND   341,500 0 0