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
ASSOCIATED CAP GROUP INC COM 045528106 4,517 128,625 SH   SOLE   0 0 128,625
BOEING CO COM 097023105 1,905 8,900 SH   SOLE   0 0 8,900
BERKSHIRE HATHAWAY INC DEL COM 084670702 3,814 16,449 SH   SOLE   0 0 16,449
CACI INTL INC COM 127190304 6,172 24,755 SH   SOLE   0 0 24,755
CBOE GLOBAL MKTS INC COM 12503M108 1,081 11,610 SH   SOLE   0 0 11,610
CME GROUP INC COM 12572Q105 1,940 10,659 SH   SOLE   0 0 10,659
CIVEO CORP CDA COM 17878Y207 5,010 360,422 SH   SOLE   0 0 360,422
DISNEY WALT CO COM 254687106 435 2,400 SH   SOLE   0 0 2,400
FRANCO NEV CORP COM 351858105 5,009 39,965 SH   SOLE   0 0 39,965
LIBERTY MEDIA CORP DEL CLASS A 531229870 526 13,849 SH   SOLE   0 0 13,849
LIBERTY MEDIA CORP DEL CLASS A 531229854 1,841 43,215 SH   SOLE   0 0 43,215
HOWARD HUGHES CORP COM 44267D107 3,732 47,286 SH   SOLE   0 0 47,286
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,551 13,450 SH   SOLE   0 0 13,450
LIBERTY BROADBAND CORP CLASS A 530307107 776 4,922 SH   SOLE   0 0 4,922
LIBERTY BROADBAND CORP CLASS A 530307305 4,034 25,470 SH   SOLE   0 0 25,470
LIBERTY MEDIA CORP DEL CLASS A 531229409 748 17,312 SH   SOLE   0 0 17,312
LIBERTY MEDIA CORP DEL CLASS A 531229607 2,961 68,049 SH   SOLE   0 0 68,049
MESABI TR BEN INT 590672101 5,105 182,000 SH   SOLE   0 0 182,000
NUVEEN AMT FREE QLTY MUN INC COM 670657105 500 33,097 SH   SOLE   0 0 33,097
RLI CORP COM 749607107 729 7,000 SH   SOLE   0 0 7,000
TEXAS PAC LD TR COM 882610108 39,931 54,926 SH   SOLE   0 0 54,926
MAMMOTH ENERGY SVCS INC COM 56155L108 52 11,700 SH   SOLE   0 0 11,700
WHEATON PRECIOUS METALS CORP COM 962879102 9,468 226,827 SH   SOLE   0 0 226,827