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 3,915 109,275 SH   SOLE   0 0 109,275
BOEING CO COM 097023105 1,051 7,685 SH   SOLE   0 0 7,685
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,711 9,928 SH   SOLE   0 0 9,928
CACI INTL INC CL A 127190304 6,637 23,555 SH   SOLE   0 0 23,555
CBOE GLOBAL MKTS INC COM 12503M108 1,115 9,855 SH   SOLE   0 0 9,855
CF ACQUISITION CORP VI COM CL A 12521J103 568 57,000 SH   SOLE   0 0 57,000
CME GROUP INC COM 12572Q105 1,789 8,739 SH   SOLE   0 0 8,739
CORE SCIENTIFIC INC COMMON STOCK 21873J108 243 163,100 SH   SOLE   0 0 163,100
CIVEO CORP CDA COM NEW 17878Y207 8,856 342,333 SH   SOLE   0 0 342,333
DISNEY WALT CO COM 254687106 227 2,400 SH   SOLE   0 0 2,400
EBAY INC. COM 278642103 615 14,750 SH   SOLE   0 0 14,750
FRANCO NEV CORP COM 351858105 5,065 38,490 SH   SOLE   0 0 38,490
LIBERTY MEDIA CORP DEL COM SERC FRMLA 531229854 611 9,633 SH   SOLE   0 0 9,633
GAMCO INVS INC CL A COM 361438104 550 26,300 SH   SOLE   0 0 26,300
HOWARD HUGHES CORP COM 44267D107 1,202 17,658 SH   SOLE   0 0 17,658
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,137 12,090 SH   SOLE   0 0 12,090
JOHNSON & JOHNSON COM 478160104 213 1,200 SH   SOLE   0 0 1,200
MESABI TR CTF BEN INT 590672101 4,792 195,425 SH   SOLE   0 0 195,425
NUVEEN AMT FREE QLTY MUN INC COM 670657105 311 26,500 SH   SOLE   0 0 26,500
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 5,402 326,400 SH   SOLE   0 0 326,400
RENN FD INC COM 759720105 64 28,000 SH   SOLE   0 0 28,000
RLI CORP COM 749607107 700 6,000 SH   SOLE   0 0 6,000
SANDSTORM GOLD LTD COM NEW 80013R206 1,219 204,900 SH   SOLE   0 0 204,900
TEXAS PACIFIC LAND CORPORATI COM 88262P102 68,919 46,316 SH   SOLE   0 0 46,316
TEJON RANCH CO COM 879080109 3,842 247,525 SH   SOLE   0 0 247,525
MAMMOTH ENERGY SVCS INC COM 56155L108 24 10,700 SH   SOLE   0 0 10,700
WHEATON PRECIOUS METALS CORP COM 962879102 6,128 170,094 SH   SOLE   0 0 170,094