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 CL A 045528106 4,541 126,625 SH   SOLE   0 0 126,625
BOEING CO COM 097023105 2,254 8,850 SH   SOLE   0 0 8,850
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,123 16,139 SH   SOLE   0 0 16,139
CACI INTL INC CL A 127190304 6,186 25,080 SH   SOLE   0 0 25,080
CBOE GLOBAL MKTS INC COM 12503M108 1,168 11,835 SH   SOLE   0 0 11,835
CME GROUP INC COM 12572Q105 2,185 10,699 SH   SOLE   0 0 10,699
CIVEO CORP CDA COM NEW 17878Y207 5,801 378,925 SH   SOLE   0 0 378,925
DISNEY WALT CO COM 254687106 443 2,400 SH   SOLE   0 0 2,400
FRANCO NEV CORP COM 351858105 5,020 40,065 SH   SOLE   0 0 40,065
LIBERTY MEDIA CORP DEL COM SER A FRMLA 531229870 521 13,635 SH   SOLE   0 0 13,635
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 1,861 42,981 SH   SOLE   0 0 42,981
HOWARD HUGHES CORP COM 44267D107 4,527 47,586 SH   SOLE   0 0 47,586
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,522 13,625 SH   SOLE   0 0 13,625
LIBERTY BROADBAND CORP COM SER A 530307107 707 4,868 SH   SOLE   0 0 4,868
LIBERTY BROADBAND CORP COM SER C 530307305 3,703 24,661 SH   SOLE   0 0 24,661
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 508 11,520 SH   SOLE   0 0 11,520
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 2,876 65,197 SH   SOLE   0 0 65,197
MESABI TR CTF BEN INT 590672101 5,648 187,750 SH   SOLE   0 0 187,750
NUVEEN AMT FREE QLTY MUN INC COM 670657105 490 33,097 SH   SOLE   0 0 33,097
RLI CORP COM 749607107 781 7,000 SH   SOLE   0 0 7,000
TEXAS PACIFIC LAND CORPORATI COM 88262P102 86,570 54,466 SH   SOLE   0 0 54,466
MAMMOTH ENERGY SVCS INC COM 56155L108 57 10,700 SH   SOLE   0 0 10,700
WHEATON PRECIOUS METALS CORP COM 962879102 8,508 222,677 SH   SOLE   0 0 222,677