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
3M CO COM 88579Y101 348 2,171 SH   DFND   2,171 0 0
A T & T INC COM 00206R102 246 8,635 SH   DFND   8,635 0 0
ABB LTD SPONSORED ADR 000375204 913 35,887 SH   DFND   35,887 0 0
ABBOTT LABS COM 002824100 1,802 16,560 SH   DFND   16,560 0 0
ABBVIE INC COM 00287Y109 2,879 32,872 SH   DFND   32,872 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 216 954 SH   DFND   954 0 0
ADVANCED MICRO DEVICES INC COM 007903107 570 6,957 SH   DFND   6,957 0 0
AGNC INVT CORP COM 00123Q104 394 28,332 SH   DFND   28,332 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 590 2,008 SH   DFND   2,008 0 0
ALICO INC COM 016230104 648 22,655 SH   DFND   22,655 0 0
ALKERMES PLC COM G01767105 365 22,000 SH   DFND   22,000 0 0
ALLEGHANY CORP DEL COM 017175100 7,973 15,320 SH   DFND   15,320 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 437 3,000 SH   DFND   3,000 0 0
ALPHABET INC CL A 02079K305 6,079 4,148 SH   DFND   4,148 0 0
ALPHABET INC CL C 02079K107 5,932 4,037 SH   DFND   4,037 0 0
ALTRIA GROUP INC COM 02209S103 1,667 43,152 SH   DFND   43,152 0 0
AMAZON COM INC COM 023135106 1,348 428 SH   DFND   428 0 0
AMC NETWORKS INC CL A 00164V103 4,753 192,368 SH   DFND   192,368 0 0
AMERICAN EXPRESS COMPANY COM 025816109 729 7,270 SH   DFND   7,270 0 0
AMERICAN TOWER REIT COM 03027X100 320 1,325 SH   DFND   1,325 0 0
AMERIPRISE FINL INC COM 03076C106 259 1,680 SH   DFND   1,680 0 0
AMGEN INC COM 031162100 1,281 5,041 SH   DFND   5,041 0 0
ANALOG DEVICES INC COM 032654105 668 5,725 SH   DFND   5,725 0 0
ANNALY CAP MGMT INC COM 035710409 431 60,582 SH   DFND   60,582 0 0
ANTHEM INC COM 036752103 236 878 SH   DFND   878 0 0
APPLE INC COM 037833100 4,832 41,724 SH   DFND   41,724 0 0
APYX MED CORP COM 03837C106 2,897 615,000 SH   DFND   615,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 4,263 91,696 SH   DFND   91,696 0 0
ARENA PHARMACEUTICALS INC COM NEW 040047607 337 4,500 SH   DFND   4,500 0 0
ARES CAP CORP COM 04010L103 146 10,478 SH   DFND   10,478 0 0
ASSOCIATED CAP GROUP INC CL A 045528106 50,325 1,392,882 SH   DFND   1,392,882 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 1,165 21,263 SH   DFND   21,263 0 0
AUTONATION INC COM 05329W102 22,007 415,783 SH   DFND   415,783 0 0
BALCHEM CORP COM 057665200 2,769 28,359 SH   DFND   28,359 0 0
BANCO SANTANDER CENT HISPANO ADR 05964H105 53 28,479 SH   DFND   28,479 0 0
BANK AMER CORP COM 060505104 901 37,405 SH   DFND   37,405 0 0
BANK OF MONTREAL QUE COM 063671101 600 10,280 SH   DFND   10,280 0 0
BANK OF NOVA SCOTIA BC COM 064149107 367 8,852 SH   DFND   8,852 0 0
BARRICK GOLD CORP COM 067901108 1,052 37,434 SH   DFND   37,434 0 0
BAXTER INTL INC COM 071813109 688 8,558 SH   DFND   8,558 0 0
BEL FUSE INC CL B 077347300 310 28,988 SH   DFND   28,988 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,520 11 SH   DFND   11 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 18,248 85,697 SH   DFND   85,697 0 0
BGC PARTNERS INC CL A 05541T101 6,161 2,567,140 SH   DFND   2,567,140 0 0
BHP GROUP LTD SPONSORED ADS 088606108 384 7,429 SH   DFND   7,429 0 0
BIOGEN INC COM 09062X103 1,134 3,999 SH   DFND   3,999 0 0
BLACK KNIGHT INC COM 09215C105 1,004 11,538 SH   DFND   11,538 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 1,209 196,882 SH   DFND   196,882 0 0
BLACKROCK CREDIT ALL INC TR COM 092508100 648 45,599 SH   DFND   45,599 0 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 682 59,300 SH   DFND   59,300 0 0
BLACKROCK FLOATING RATE INCOME COM 091941104 142 12,678 SH   DFND   12,678 0 0
BLACKROCK MUN 2030 TAR TERM COM COM SHS BEN IN 09257P105 551 22,050 SH   DFND   22,050 0 0
BLACKROCK MUN INC INVESTMENT QUALITY TRUST COM 09250G102 1,077 76,195 SH   DFND   76,195 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,076 76,675 SH   DFND   76,675 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 257 18,053 SH   DFND   18,053 0 0
BLACKROCK MUNIHLDGS INVESTMENT QUALITY FUND COM 09254P108 547 40,758 SH   DFND   40,758 0 0
BLACKROCK MUNIHLDGS QUALITY FUND II INC COM 09254C107 1,310 102,863 SH   DFND   102,863 0 0
BLACKROCK MUNIHLDGS QUALITY FUND INC COM 09254A101 971 75,386 SH   DFND   75,386 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 844 62,783 SH   DFND   62,783 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254G108 422 32,280 SH   DFND   32,280 0 0
BLACKROCK NY MUN INC QUALITY TRUST COM 09249U105 251 19,217 SH   DFND   19,217 0 0
BLACKSTONE GROUP INC COM CL A 09260D107 466 8,925 SH   DFND   8,925 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 376 17,098 SH   DFND   17,098 0 0
BOEING CO COM 097023105 16,073 97,260 SH   DFND   97,260 0 0
BRISTOL MYERS SQUIBBCO COM 110122108 3,067 50,874 SH   DFND   50,874 0 0
BROADRIDGE FINL SOLUTIONS INC COM 11133T103 602 4,564 SH   DFND   4,564 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 57,900 1,751,359 SH   DFND   1,751,359 0 0
BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107 285 5,147 SH   DFND   5,147 0 0
BROOKFIELD INFRASTRUCTURE PARTNERS LP LP INT UNIT G16252101 2,135 44,839 SH   DFND   44,839 0 0
BROOKFIELD PPTY PARTNERS L PUNIT LTD PARTN UNIT LTD PARTN G16249107 280 23,260 SH   DFND   23,260 0 0
BROOKFIELD PROPERTY REIT INC CL A 11282X103 312 25,518 SH   DFND   25,518 0 0
BROOKFIELD REAL ASSETS INCOME FUND SHS BEN INT 112830104 329 19,940 SH   DFND   19,940 0 0
BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT G16258108 288 5,485 SH   DFND   5,485 0 0
CACI INTL INC CL A 127190304 84,193 394,976 SH   DFND   394,976 0 0
CAPITAL SOUTHWEST CORP COM 140501107 259 18,400 SH   DFND   18,400 0 0
CARNIVAL CORP PAIREDCTF UNIT 99/99/9999 143658300 312 20,554 SH   DFND   20,554 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 356 39,835 SH   DFND   39,835 0 0
CATERPILLAR INC COM 149123101 1,170 7,847 SH   DFND   7,847 0 0
CBOE GLOBAL MARKETS INC COM 12503M108 40,874 465,849 SH   DFND   465,849 0 0
CENTERPOINT ENERGY INC COM 15189T107 433 22,372 SH   DFND   22,372 0 0
CHARLES RIV LABS INTL INC COM 159864107 25,953 114,607 SH   DFND   114,607 0 0
CHENIERE ENERGY INC COM NEW 16411R208 27,863 602,180 SH   DFND   602,180 0 0
CHENIERE ENERGY INC NOTE 4.250% 3/1 16411RAG4 27,991 39,133,500 PRN   DFND   39,133,500 0 0
CHEVRON CORP COM 166764100 992 13,773 SH   DFND   13,773 0 0
CISCO SYSTEMS INC COM 17275R102 2,049 52,023 SH   DFND   52,023 0 0
CIVEO CORP COM 17878Y108 25,895 38,357,015 SH   DFND   38,357,015 0 0
CLEARBRIDGE MLP AND MIDSTRM FD COM 184692200 123 11,123 SH   DFND   11,123 0 0
CLEARBRIDGE MLP AND MIDSTRM TR COM 18469Q207 131 13,120 SH   DFND   13,120 0 0
CME GROUP INC COM 12572Q105 28,621 171,064 SH   DFND   171,064 0 0
CMS ENERGY CORP COM 125896100 1,024 16,675 SH   DFND   16,675 0 0
CNOOC LTD SPONSORED ADR 126132109 851 8,855 SH   DFND   8,855 0 0
COHEN & STEERS INC COM 19247A100 1,891 33,919 SH   DFND   33,919 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 626 56,333 SH   DFND   56,333 0 0
COLFAX CORP COM 194014106 3,611 115,145 SH   DFND   115,145 0 0
COLGATE PALMOLIVE CO COM 194162103 230 2,978 SH   DFND   2,978 0 0
COMCAST CORP NEW CL A 20030N101 459 9,927 SH   DFND   9,927 0 0
CORELOGIC INC COM 21871D103 1,199 17,724 SH   DFND   17,724 0 0
COSTAMARE INC SHS Y1771G102 1,486 244,737 SH   DFND   244,737 0 0
COSTCO WHSL CORP NEW COM 22160K105 204 576 SH   DFND   576 0 0
CRISPR THERAPEUTICS AG NAMEN AKT H17182108 512 6,125 SH   DFND   6,125 0 0
CSW INDUSTRIALS INC COM 126402106 1,008 13,051 SH   DFND   13,051 0 0
CUBIC CORP COM 229669106 625 10,752 SH   DFND   10,752 0 0
CVS HEALTH CORP COM 126650100 1,047 17,931 SH   DFND   17,931 0 0
DANAHER CORP COM 235851102 2,291 10,641 SH   DFND   10,641 0 0
DISCOVERY INC COM SER A 25470F104 3,065 140,801 SH   DFND   140,801 0 0
DISCOVERY INC COM SER C 25470F302 1,381 70,465 SH   DFND   70,465 0 0
DISH NETWORK CORP CL A 25470M109 1,587 54,662 SH   DFND   54,662 0 0
DISNEY WALT CO COM DISNEY 254687106 1,471 11,855 SH   DFND   11,855 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 7,872 762,025 SH   DFND   762,025 0 0
DORMAN PRODUCTS INC COM 258278100 1,847 20,436 SH   DFND   20,436 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 3,007 187,695 SH   DFND   187,695 0 0
DOUBLELINE OPPORTUNISTIC CR COM 258623107 6,833 358,482 SH   DFND   358,482 0 0
DOW INC COM 260557103 661 14,059 SH   DFND   14,059 0 0
DUFF & PHELPS SLCT MLP & MIDSTREAM ENGY FD COM 26433F108 25 71,842 SH   DFND   71,842 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 115 12,425 SH   DFND   12,425 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 158 14,013 SH   DFND   14,013 0 0
EATON VANCE MUN BD FD COM 27827X101 276 20,955 SH   DFND   20,955 0 0
EATON VANCE NY MUN BD FD COM 27827Y109 273 23,152 SH   DFND   23,152 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105 233 20,001 SH   DFND   20,001 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 139 23,748 SH   DFND   23,748 0 0
ECHOSTAR CORP CL A 278768106 4,169 167,507 SH   DFND   167,507 0 0
EDITAS MEDICINE INC COM 28106W103 224 8,000 SH   DFND   8,000 0 0
ELI LILLY AND COMPANY COM 532457108 1,799 12,154 SH   DFND   12,154 0 0
EMERSON ELEC CO COM 291011104 1,327 20,242 SH   DFND   20,242 0 0
ENBRIDGE INC COM 29250N105 502 17,180 SH   DFND   17,180 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 1,253 231,188 SH   DFND   231,188 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 2,095 132,661 SH   DFND   132,661 0 0
EQUITY COMMONWEALTH COM SH BEN INT 294628102 1,973 74,105 SH   DFND   74,105 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 15,046 245,453 SH   DFND   245,453 0 0
EXPEDIA GROUP INC COM NEW 30212P303 1,022 11,143 SH   DFND   11,143 0 0
EXXON MOBIL CORP COM 30231G102 3,069 89,401 SH   DFND   89,401 0 0
FACEBOOK INC CL A 30303M102 557 2,127 SH   DFND   2,127 0 0
FEDERATED HERMES INC CL B 314211103 864 40,150 SH   DFND   40,150 0 0
FEDERATED HERMES PREM MUN INC FD COM 31423P108 594 41,657 SH   DFND   41,657 0 0
FEDEX CORP COM 31428X106 342 1,359 SH   DFND   1,359 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP FNF GROUP COM 31620R303 1,326 42,336 SH   DFND   42,336 0 0
FIDELITY NATL INFORMATION SVC COM 31620M106 478 3,244 SH   DFND   3,244 0 0
FLOWERS FOODS INC COM 343498101 271 11,125 SH   DFND   11,125 0 0
FORTIVE CORP COM 34959J108 320 4,204 SH   DFND   4,204 0 0
FRANCO NEVADA CORP COM 351858105 113,660 814,298 SH   DFND   814,298 0 0
FREEPORT MCMORAN INC CL B 35671D857 2,296 146,773 SH   DFND   146,773 0 0
GALLAGHER ARTHUR J & CO COM 363576109 308 2,917 SH   DFND   2,917 0 0
GAMCO INVESTORS INC CL A COM 361438104 3,824 330,478 SH   DFND   330,478 0 0
GANNETT CO INC NEW COM 36472T109 17 12,875 SH   DFND   12,875 0 0
GCI LIBERTY INC COM CL A 36164V305 8,072 98,490 SH   DFND   98,490 0 0
GENERAL DYNAMICS CORP COM 369550108 423 3,054 SH   DFND   3,054 0 0
GENERAL ELECTRIC CO COM 369604103 408 65,492 SH   DFND   65,492 0 0
GENERAL MLS INC COM 370334104 250 4,050 SH   DFND   4,050 0 0
GENERAL MTRS CO COM COM 37045V100 909 30,712 SH   DFND   30,712 0 0
GENUINE PARTS CO COM 372460105 328 3,450 SH   DFND   3,450 0 0
GILEAD SCIENCES INC COM 375558103 753 11,917 SH   DFND   11,917 0 0
GLADSTONE LD CORP COM 376549101 611 40,701 SH   DFND   40,701 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 873 23,200 SH   DFND   23,200 0 0
GLOBAL X FDS GLOBAL X SILVER 37954Y848 229 5,278 SH   DFND   5,278 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 273 1,357 SH   DFND   1,357 0 0
GRAHAM HLDGS CO COM 384637104 413 1,023 SH   DFND   1,023 0 0
GRAINGER W W INC COM 384802104 642 1,800 SH   DFND   1,800 0 0
GREENBRIER COS INC COM 393657101 212 7,200 SH   DFND   7,200 0 0
GREENLANE HLDGS INC CL A 395330103 22 10,000 SH   DFND   10,000 0 0
HOME DEPOT INC COM 437076102 265 954 SH   DFND   954 0 0
HONEYWELL INTL INC COM 438516106 1,589 9,652 SH   DFND   9,652 0 0
HOWARD HUGHES CORP COM 44267D107 54,796 951,326 SH   DFND   951,326 0 0
IAA INC COM COM 449253103 9,161 175,930 SH   DFND   175,930 0 0
IAC INTERACTIVECORP COM 44891N109 529 4,416 SH   DFND   4,416 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 38,819 787,077 SH   DFND   787,077 0 0
IHS MARKIT LTD SHS G47567105 18,876 240,425 SH   DFND   240,425 0 0
INTEL CORP COM 458140100 431 8,330 SH   DFND   8,330 0 0
INTELLIA THERAPEUTICS INC COM 45826J105 199 10,000 SH   DFND   10,000 0 0
INTER PARFUMS INC COM 458334109 7,543 201,950 SH   DFND   201,950 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 54,902 548,743 SH   DFND   548,743 0 0
INTL FLAVORS & FRAGRANCES COM 459506101 569 4,650 SH   DFND   4,650 0 0
INTUITIVE SURGICAL INC COM 46120E602 442 623 SH   DFND   623 0 0
INVESCO CURRENCYSHARES AUSTR AUSTRALIAN DOL 46090N103 1,888 26,445 SH   DFND   26,445 0 0
INVESCO CURRENCYSHARES CND D CDN DLR SHS 46138T104 1,272 17,205 SH   DFND   17,205 0 0
INVESCO INSURED MUNICIPAL INCOME TRUST COM 46132P108 532 36,163 SH   DFND   36,163 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 718 58,055 SH   DFND   58,055 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 557 5,150 SH   DFND   5,150 0 0
INVESCO SR INCOME TR COM 46131H107 43 11,613 SH   DFND   11,613 0 0
INVESCO TR INVT GRADE NEW YO COM 46131T101 129 10,414 SH   DFND   10,414 0 0
IONIS PHARMACEUTICALS INC COM 462222100 617 13,000 SH   DFND   13,000 0 0
IRON MTN INC NEW COM 46284V101 549 20,488 SH   DFND   20,488 0 0
ISHARES TR ISHS 1-5YR INVS 464288646 2,965 54,000 SH   DFND   54,000 0 0
ISHARES GOLD TRUST ISHARES 464285105 1,743 96,905 SH   DFND   96,905 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 5,174 239,079 SH   DFND   239,079 0 0
ISHARES TR SHORT TREAS BD 464288679 13,213 119,362 SH   DFND   119,362 0 0
ISHARES TR GL TIMB FORE ETF 464288174 3,264 50,490 SH   DFND   50,490 0 0
ISHARES TR MICRO-CAP ETF 464288869 276 3,053 SH   DFND   3,053 0 0
JEFFRIES FINL GROUP INC COM 47233W109 197 10,966 SH   DFND   10,966 0 0
JOHNSON & JOHNSON COM 478160104 3,523 23,664 SH   DFND   23,664 0 0
JP MORGAN CHASE & CO COM 46625H100 674 7,005 SH   DFND   7,005 0 0
JP MORGAN EXCHANGE TRADED FD ULTRA SHRT INC 46641Q837 1,231 24,225 SH   DFND   24,225 0 0
KAR AUCTION SVCS INC COM 48238T109 2,034 141,257 SH   DFND   141,257 0 0
KAYNE ANDERSON ENERGY INFRSTR COM 486606106 277 69,510 SH   DFND   69,510 0 0
KAYNE ANDERSON NEXTGEN ENERGY COM 48661E108 184 45,703 SH   DFND   45,703 0 0
KIMBELL RTY PARTNERS LP UNIT 49435R102 992 162,275 SH   DFND   162,275 0 0
KIMBERLY CLARK CORP COM 494368103 354 2,398 SH   DFND   2,398 0 0
KLA-TENCOR CORP COM NEW 482480100 1,359 7,015 SH   DFND   7,015 0 0
KRAFT HEINZ COMPANY COM 500754106 471 15,740 SH   DFND   15,740 0 0
L3 HARRIS TECHNOLOGIES INC COM 502431109 1,699 10,005 SH   DFND   10,005 0 0
LAS VEGAS SANDS CORP COM 517834107 3,967 85,028 SH   DFND   85,028 0 0
LENDINGTREE INC NEW COM 52603B107 2,527 8,233 SH   DFND   8,233 0 0
LENNAR CORP CL A 526057104 444 5,435 SH   DFND   5,435 0 0
LIBERTY BRAVES GROUP COM A BRAVES GRP 531229706 929 44,514 SH   DFND   44,514 0 0
LIBERTY BRAVES GROUP COM C BRAVES GRP 531229888 1,508 71,752 SH   DFND   71,752 0 0
LIBERTY BROADBAND COM SER A 530307107 10,098 71,209 SH   DFND   71,209 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 38,027 266,167 SH   DFND   266,167 0 0
LIBERTY MEDIA CORP DEL COM SER A FRMLA 531229870 6,069 181,096 SH   DFND   181,096 0 0
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 9,219 254,164 SH   DFND   254,164 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 135 16,598 SH   DFND   16,598 0 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 36,448 1,101,808 SH   DFND   1,101,808 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 15,744 474,645 SH   DFND   474,645 0 0
LINDE PLC COM G5494J103 375 1,574 SH   DFND   1,574 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 2,353 269,895 SH   DFND   269,895 0 0
LIVE NATION ENTERTAINMENT INC COM 538034109 39,461 732,380 SH   DFND   732,380 0 0
LOCKHEED MARTIN CORP COM 539830109 1,076 2,807 SH   DFND   2,807 0 0
LOEWS CORP COM 540424108 1,158 33,325 SH   DFND   33,325 0 0
MADISON SQUARE GARDEN SPORTS CP CL A 55825T103 6,085 40,440 SH   DFND   40,440 0 0
MADISON SQUARE GRDN ENTERTNM CL A 55826T102 2,625 38,334 SH   DFND   38,334 0 0
MANTECH INTL CORP CL A 564563104 1,722 25,000 SH   DFND   25,000 0 0
MARATHON PETE CORP COM 56585A102 297 10,134 SH   DFND   10,134 0 0
MARKEL CORP COM 570535104 8,857 9,096 SH   DFND   9,096 0 0
MARKETAXESS HLDGS INC COM 57060D108 2,408 5,000 SH   DFND   5,000 0 0
MASCO CORP COM 574599106 248 4,500 SH   DFND   4,500 0 0
MASTERCARD INC CL A 57636Q104 16,806 49,698 SH   DFND   49,698 0 0
MATCH GROUP INC NEW COM 57667L107 1,049 9,478 SH   DFND   9,478 0 0
MCDONALDS CORP COM 580135101 1,015 4,626 SH   DFND   4,626 0 0
MERCK & COMPANY COM 58933Y105 3,390 40,873 SH   DFND   40,873 0 0
MESABI TR CTF BEN INT 590672101 24,247 1,142,665 SH   DFND   1,142,665 0 0
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 2,614 553,892 SH   DFND   553,892 0 0
MICROSOFT COM 594918104 3,996 18,999 SH   DFND   18,999 0 0
MICROSTRATEGY INC CL A NEW 594972408 382 2,534 SH   DFND   2,534 0 0
MONDELEZ INTL INC CL A 609207105 1,306 22,733 SH   DFND   22,733 0 0
MORGAN STANLEY NEW COM NEW 617446448 325 6,719 SH   DFND   6,719 0 0
MOVADO GROUP INC COM 624580106 302 30,368 SH   DFND   30,368 0 0
MSG NETWORK INC CL A 553573106 636 66,490 SH   DFND   66,490 0 0
NASDAQ INC COM 631103108 4,056 33,054 SH   DFND   33,054 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 7,539 901,762 SH   DFND   901,762 0 0
NEUBERGER BERMAN MUNI FD INC COM 64124P101 548 35,562 SH   DFND   35,562 0 0
NEUBERGER BERMAN NY MUN FD INC COM 64124K102 344 29,549 SH   DFND   29,549 0 0
NEWELL BRANDS INC COM 651229106 242 14,091 SH   DFND   14,091 0 0
NEWMONT CORP COM 651639106 2,345 36,952 SH   DFND   36,952 0 0
NORFOLK SOUTHN CORP COM 655844108 1,111 5,192 SH   DFND   5,192 0 0
NORTHROP GRUMMAN CORP COM 666807102 330 1,045 SH   DFND   1,045 0 0
NOVARTIS AG SPONSORED ADR 66987V109 2,027 23,315 SH   DFND   23,315 0 0
NOVO-NORDISK A S ADR 670100205 537 7,740 SH   DFND   7,740 0 0
NUTRIEN LTD COM 67077M108 932 23,752 SH   DFND   23,752 0 0
NUVEEN AMT-FREE QLTY MUN INCOME COM 670657105 7,722 538,518 SH   DFND   538,518 0 0
NUVEEN DIV QLTY MUNI FD 3 SH BEN INT COM SH BEN INT 67070X101 958 65,221 SH   DFND   65,221 0 0
NUVEEN DIVID AMT FREE MUNI CRED INC FD COM 67071L106 324 20,690 SH   DFND   20,690 0 0
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 485 59,169 SH   DFND   59,169 0 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 302 21,130 SH   DFND   21,130 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 957 71,660 SH   DFND   71,660 0 0
NUVEEN MUN HIGH INC OPP FD COM 670682103 177 13,094 SH   DFND   13,094 0 0
NUVEEN MUN VALUE FD INC COM 670928100 141 13,198 SH   DFND   13,198 0 0
NUVEEN NY AMT FREE QLTY MUN INC FD COM 670656107 1,270 98,746 SH   DFND   98,746 0 0
NUVEEN NY QLTY INCOME FD COM 67066X107 684 50,071 SH   DFND   50,071 0 0
NUVEEN PREFERRED & INCOME SECURITIES FD COM 67072C105 195 22,113 SH   DFND   22,113 0 0
NUVEEN QUALITY MUNI INC FD COM 67066V101 2,478 170,676 SH   DFND   170,676 0 0
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 226 21,500 SH   DFND   21,500 0 0
NUVEEN SR INCOME FD COM 67067Y104 527 109,209 SH   DFND   109,209 0 0
NUVEEN TAXABLE MUNICIPAL INC FUND COM 67074C103 3,119 139,227 SH   DFND   139,227 0 0
NVIDIA CORP COM 67066G104 899 1,661 SH   DFND   1,661 0 0
ORACLE CORP COM 68389X105 320 5,359 SH   DFND   5,359 0 0
OSHKOSH CORP COM 688239201 13,609 185,162 SH   DFND   185,162 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 890 75,263 SH   DFND   75,263 0 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 118 12,000 SH   DFND   12,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 1,206 423,162 SH   DFND   423,162 0 0
PAYPAL HLDGS INC COM 70450Y103 16,788 85,205 SH   DFND   85,205 0 0
PCM FUND INC COM 69323T101 316 31,256 SH   DFND   31,256 0 0
PENN NATL GAMING INC COM 707569109 219 3,017 SH   DFND   3,017 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103 12,454 261,309 SH   DFND   261,309 0 0
PEPSICO INC COM 713448108 2,021 14,584 SH   DFND   14,584 0 0
PERKINELMER INC COM 714046109 678 5,400 SH   DFND   5,400 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 940 379,229 SH   DFND   379,229 0 0
PFIZER INC COM 717081103 2,314 63,057 SH   DFND   63,057 0 0
PHILIP MORRIS INTL INC COM 718172109 1,847 24,636 SH   DFND   24,636 0 0
PIMCO DYNAMIC CREDIT AND MORTGAGE INCOME FD COM SHS 72202D106 1,025 51,021 SH   DFND   51,021 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 3,052 120,361 SH   DFND   120,361 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 491 4,816 SH   DFND   4,816 0 0
PIMCO INCOME OPPORTUNITY FD COM 72202B100 2,264 98,001 SH   DFND   98,001 0 0
PIMCO INCOME STRATEGY FUND COM 72201H108 1,850 182,819 SH   DFND   182,819 0 0
PIMCO INCOME STRATEGY FUND II COM 72201J104 4,003 440,813 SH   DFND   440,813 0 0
PIMCO MUN INCOME FD II COM 72200W106 208 15,400 SH   DFND   15,400 0 0
PIMCO NY MUNICIPAL INCOME FD COM 72200T103 537 46,732 SH   DFND   46,732 0 0
PIONEER MUN HIGH INC ADV TR COM 723762100 145 13,260 SH   DFND   13,260 0 0
PIONEER MUN HIGH INCOME TR COM SHS 723763108 337 29,085 SH   DFND   29,085 0 0
POTLATCHDELTIC CORPORATION COM 737630103 488 11,582 SH   DFND   11,582 0 0
PROSHARES TR II SHT SHT VIX ST TRM 74347W130 40,728 1,147,260 SH   DFND   1,147,260 0 0
QUEST DIAGNOSTICS INC COM 74834L100 562 4,912 SH   DFND   4,912 0 0
RAYONIER ADVANCED MATLS INC COM 75508B104 497 155,350 SH   DFND   155,350 0 0
RAYONIER INC COM 754907103 2,481 93,829 SH   DFND   93,829 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 700 12,162 SH   DFND   12,162 0 0
RENN FUND INC COM 759720105 52 39,642 SH   DFND   39,642 0 0
RESIDEO TECHNOLOGIES INC COM 76118Y104 1,047 95,194 SH   DFND   95,194 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 324 5,636 SH   DFND   5,636 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 2,794 47,148 SH   DFND   47,148 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,125 5,098 SH   DFND   5,098 0 0
ROYAL CARIBBEAN GROUP COM V7780T103 992 15,321 SH   DFND   15,321 0 0
ROYAL GOLD INC COM 780287108 21,988 182,978 SH   DFND   182,978 0 0
ROYCE MICRO-CAP TR INC COM 780915104 3,992 520,483 SH   DFND   520,483 0 0
S&P GLOBAL INC COM 78409V104 557 1,545 SH   DFND   1,545 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 302 10,373 SH   DFND   10,373 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 22,842 2,706,364 SH   DFND   2,706,364 0 0
SANOFI SPONSORED ADR 80105N105 853 17,000 SH   DFND   17,000 0 0
SCHLUMBERGER COM 806857108 193 12,428 SH   DFND   12,428 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 34,889 444,897 SH   DFND   444,897 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 599 52,400 SH   DFND   52,400 0 0
SEALED AIR CORP NEW COM 81211K100 1,364 35,135 SH   DFND   35,135 0 0
SIMULATIONS PLUS INC COM 829214105 329 4,367 SH   DFND   4,367 0 0
SONOCO PRODUCTS COM 835495102 1,121 21,950 SH   DFND   21,950 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,975 33,733 SH   DFND   33,733 0 0
SPDR SERIES TRUST PORTFOLIO SHORT 78464A474 753 24,000 SH   DFND   24,000 0 0
SPROTT INC COM NEW COM NEW 852066208 569 16,666 SH   DFND   16,666 0 0
SPROTT PHYSICAL GOLD TRUST UNIT UNIT 85207H104 719 47,763 SH   DFND   47,763 0 0
SQUARE INC CL A 852234103 206 1,270 SH   DFND   1,270 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,507 7,486 SH   DFND   7,486 0 0
STONECO LTD COM CL A G85158106 670 12,670 SH   DFND   12,670 0 0
STRYKER CORP COM 863667101 417 2,000 SH   DFND   2,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 796 65,081 SH   DFND   65,081 0 0
TELEFLEX INC COM 879369106 724 2,126 SH   DFND   2,126 0 0
TEXAS PACIFIC LAND TRUST SUB CTF PROP IT 882610108 742,232 1,643,707 SH   DFND   1,643,707 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 936 20,250 SH   DFND   20,250 0 0
TRI POINTE GROUP INC COM 87265H109 3,266 180,062 SH   DFND   180,062 0 0
TRILOGY METALS INC COM 89621C105 32 17,940 SH   DFND   17,940 0 0
UNION PACIFIC CORP COM 907818108 2,362 11,996 SH   DFND   11,996 0 0
UNITED PARCEL SVC INC CL B 911312106 810 4,859 SH   DFND   4,859 0 0
UNITEDHEALTH GROUP INC COM 91324P102 435 1,396 SH   DFND   1,396 0 0
VAIL RESORTS INC COM 91879Q109 386 1,802 SH   DFND   1,802 0 0
VALMONT INDS INC COM 920253101 304 2,450 SH   DFND   2,450 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 4,666 84,287 SH   DFND   84,287 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189H607 331 3,383 SH   DFND   3,383 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 6,629 169,284 SH   DFND   169,284 0 0
VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 244 3,013 SH   DFND   3,013 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 805 6,204 SH   DFND   6,204 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 383 1,683 SH   DFND   1,683 0 0
VANGUARD INDEX FDS S&P500 ETF SHS 922908363 2,565 8,339 SH   DFND   8,339 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 2,521 14,800 SH   DFND   14,800 0 0
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 13,442 216,487 SH   DFND   216,487 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1,816 21,919 SH   DFND   21,919 0 0
VERISK ANALYTICS INC CL A 92345Y106 1,297 7,000 SH   DFND   7,000 0 0
VERIZON COMMUNICATIONS COM 92343V104 1,813 30,479 SH   DFND   30,479 0 0
VIACOMCBS INC CL B 92556H206 530 18,928 SH   DFND   18,928 0 0
VIASAT INC COM 92552V100 635 18,462 SH   DFND   18,462 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 798 106,063 SH   DFND   106,063 0 0
VISA INC COM CL A 92826C839 7,044 35,227 SH   DFND   35,227 0 0
W P CAREY INC COM 92936U109 753 11,550 SH   DFND   11,550 0 0
WALMART INC COM 931142103 952 6,801 SH   DFND   6,801 0 0
WELBILT INC COM 949090104 127 20,592 SH   DFND   20,592 0 0
WENDYS COMPANY COM 95058W100 53,001 2,377,253 SH   DFND   2,377,253 0 0
WESTERN ASSET CORPORATE LN FD COM 95790J102 400 43,211 SH   DFND   43,211 0 0
WESTERN ASSET INTM MUNI FD I COM UNIT LP INT 958435109 207 22,865 SH   DFND   22,865 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 1,794 62,914 SH   DFND   62,914 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 134,308 2,737,079 SH   DFND   2,737,079 0 0
WHITE MOUNTAINS INSURANCE GROUP LTD ISIN COM G9618E107 805 1,033 SH   DFND   1,033 0 0
WILLIAMS COS INC COM 969457100 3,470 176,589 SH   DFND   176,589 0 0
WSTRN ASSET INFLATION LINKED OPPORT INC FD COM 95766R104 308 27,425 SH   DFND   27,425 0 0
WYNN RESORTS LTD COM 983134107 263 3,657 SH   DFND   3,657 0 0
BARCLAYS BANK PLC IPTH SR B S&P 06746P621 9,235 217,700 SH Call DFND   217,700 0 0
PROSHARES TR II ULTRA VIX SHORT 74347W148 2,466 60,100 SH Call DFND   60,100 0 0
PROSHARES TR II VIX SH TRM FUTRS 74347W171 796 19,900 SH Call DFND   19,900 0 0
UNITED STS NAT GAS FD LP UNIT PAR 912318300 239 12,700 SH Call DFND   12,700 0 0
UNITED STS OIL FD LP UNITS 91232N207 704 18,200 SH Call DFND   18,200 0 0