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
ASSOCIATED CAP GROUP INC CL A 045528106 4,601 109,775 SH   SOLE   0 0 109,775
BOEING CO COM 097023105 1,529 7,985 SH   SOLE   0 0 7,985
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,530 10,003 SH   SOLE   0 0 10,003
CACI INTL INC CL A 127190304 7,059 23,430 SH   SOLE   0 0 23,430
CBOE GLOBAL MKTS INC COM 12503M108 1,180 10,315 SH   SOLE   0 0 10,315
CF ACQUISITION CORP VI COM CL A 12521J103 677 57,000 SH   SOLE   0 0 57,000
CME GROUP INC COM 12572Q105 2,091 8,789 SH   SOLE   0 0 8,789
CORE SCIENTIFIC INC COMMON STOCK 21873J108 1,303 158,300 SH   SOLE   0 0 158,300
CIVEO CORP CDA COM NEW 17878Y207 8,049 340,999 SH   SOLE   0 0 340,999
DISNEY WALT CO COM 254687106 329 2,400 SH   SOLE   0 0 2,400
EBAY INC. COM 278642103 1,874 32,725 SH   SOLE   0 0 32,725
FRANCO NEV CORP COM 351858105 6,044 37,890 SH   SOLE   0 0 37,890
LIBERTY MEDIA CORP DEL COM SER A FRMLA 531229870 204 3,227 SH   SOLE   0 0 3,227
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 821 11,751 SH   SOLE   0 0 11,751
GAMCO INVS INC CL A COM 361438104 581 26,300 SH   SOLE   0 0 26,300
HOWARD HUGHES CORP COM 44267D107 2,371 22,884 SH   SOLE   0 0 22,884
INTERCONTINENTAL EXCHANGE COM 45866F104 1,611 12,190 SH   SOLE   0 0 12,190
JOHNSON & JOHNSON COM 478160104 213 1,200 SH   SOLE   0 0 1,200
LIBERTY BROADBAND CORP COM SER C 530307305 295 2,177 SH   SOLE   0 0 2,177
MESABI TR CTF BEN INT 590672101 5,118 192,125 SH   SOLE   0 0 192,125
NUVEEN AMT FREE QLTY MUN INC COM 670657105 348 26,500 SH   SOLE   0 0 26,500
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 2,283 182,500 SH   SOLE   0 0 182,500
RENN FD INC COM 759720105 60 28,000 SH   SOLE   0 0 28,000
RLI CORP COM 749607107 664 6,000 SH   SOLE   0 0 6,000
SANDSTORM GOLD LTD COM NEW 80013R206 1,591 196,900 SH   SOLE   0 0 196,900
TEXAS PACIFIC LAND CORPORATI COM 88262P102 62,489 46,216 SH   SOLE   0 0 46,216
TEJON RANCH CO COM 879080109 4,542 248,725 SH   SOLE   0 0 248,725
MAMMOTH ENERGY SVCS INC COM 56155L108 23 10,700 SH   SOLE   0 0 10,700
WHEATON PRECIOUS METALS CORP COM 962879102 8,045 169,094 SH   SOLE   0 0 169,094