0001056823-19-000135.txt : 20191114 0001056823-19-000135.hdr.sgml : 20191114 20191114105514 ACCESSION NUMBER: 0001056823-19-000135 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191114 DATE AS OF CHANGE: 20191114 EFFECTIVENESS DATE: 20191114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HORIZON KINETICS ASSET MANAGEMENT LLC CENTRAL INDEX KEY: 0001056823 IRS NUMBER: 133776334 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06986 FILM NUMBER: 191217650 BUSINESS ADDRESS: STREET 1: 470 PARK AVENUE SOUTH STREET 2: 4TH FLOOR SOUTH CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 646-495-7347 MAIL ADDRESS: STREET 1: 470 PARK AVENUE SOUTH STREET 2: 4TH FLOOR SOUTH CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: HORIZON ASSET MANAGEMENT LLC DATE OF NAME CHANGE: 20130813 FORMER COMPANY: FORMER CONFORMED NAME: HORIZON ASSET MANAGEMENT INC/NY DATE OF NAME CHANGE: 19990319 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001056823 XXXXXXXX 09-30-2019 09-30-2019 HORIZON KINETICS ASSET MANAGEMENT LLC

470 PARK AVENUE SOUTH 4TH FLOOR SOUTH NEW YORK NY 10016

13F HOLDINGS REPORT 028-06986 N Jay Kesslen 646-867-1176 Jay Kesslen NEW YORK NY 11-14-2019 1 558 3320808 false 1 0000019481 028-00085 Virtus Investment Advisers, Inc. 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DFND 32 0 0 FIRST CTZNS BANCSHARES INC CL A 31946M103 306 649 SH OTR 1 0 649 0 FLOWERS FOODS INC COM 343498101 1106 47801 SH DFND 47801 0 0 FORTIVE CORP COM 34959J108 308 4489 SH OTR 1 0 4489 0 FORTIVE CORP COM 34959J108 349 5093 SH DFND 5093 0 0 FOX CORP CL A COM 35137L105 302 9582 SH OTR 1 0 9582 0 FRANCO NEVADA CORP COM 351858105 103595 1136408 SH DFND 1136408 0 0 FRANKLIN RESOURCES INC COM 354613101 10 343 SH DFND 343 0 0 FRANKLIN RESOURCES INC COM 354613101 307 10628 SH OTR 1 0 10628 0 FREEPORT MCMORAN INC CL B 35671D857 862 90021 SH DFND 90021 0 0 FRONTLINE LTD SHS NEW G3682E192 91 10000 SH DFND 10000 0 0 GAMCO INVESTORS INC CL A COM 361438104 2848 145670 SH DFND 145670 0 0 GAMING & LEISURE PPTYS INC COM 36467J108 308 8064 SH OTR 1 0 8064 0 GAP INC COM 364760108 303 17437 SH OTR 1 0 17437 0 GARMIN LTD SHS H2906T109 308 3640 SH OTR 1 0 3640 0 GCI LIBERTY INC COM CL A 36164V305 304 4897 SH OTR 1 0 4897 0 GCI LIBERTY INC COM CL A 36164V305 7042 113451 SH DFND 113451 0 0 GDL FUND COM SH BEN INT 361570104 613 66716 SH DFND 66716 0 0 GENERAL ELECTRIC CO COM 369604103 870 97276 SH DFND 97276 0 0 GENERAL MLS INC COM 370334104 259 4700 SH DFND 4700 0 0 GENERAL MTRS CO COM 37045V100 1043 27825 SH DFND 27825 0 0 GENUINE PARTS CO COM 372460105 406 4075 SH DFND 4075 0 0 GILEAD SCIENCES INC COM 375558103 697 11000 SH DFND 11000 0 0 GLADSTONE LD CORP COM 376549101 677 56929 SH DFND 56929 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1007 23596 SH DFND 23596 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 243 1172 SH DFND 1172 0 0 GRAHAM HLDGS CO COM 384637104 884 1333 SH DFND 1333 0 0 GRAINGER W W INC COM 384802104 317 1067 SH OTR 1 0 1067 0 GRAINGER W W INC COM 384802104 535 1800 SH DFND 1800 0 0 GRAN TIERRA ENERGY INC COM 38500T101 327 261575 SH DFND 261575 0 0 GREEN BRICK PARTNERS INC COM 392709101 126 11800 SH DFND 11800 0 0 GREENLIGHT CAPITAL RE LTD CL A G4095J109 1 70 SH DFND 70 0 0 GREENLIGHT CAPITAL RE LTD CL A G4095J109 310 29499 SH OTR 1 0 29499 0 HEARTLAND EXPRESS INC COM 422347104 316 14678 SH OTR 1 0 14678 0 HERC HLDGS INC COM 42704L104 3 61 SH DFND 61 0 0 HERC HLDGS INC COM 42704L104 309 6641 SH OTR 1 0 6641 0 HERTZ GLOBAL HOLDINGS INC COM 42806J106 310 22364 SH OTR 1 0 22364 0 HESS CORP COM 42809H107 283 4671 SH OTR 1 0 4671 0 HILLTOP HOLDINGS INC COM 432748101 302 12655 SH OTR 1 0 12655 0 HOME DEPOT INC COM 437076102 414 1784 SH DFND 1784 0 0 HONEYWELL INTL INC COM 438516106 1924 11374 SH DFND 11374 0 0 HOST MARRIOTT CORP NEW COM 44107P104 312 18063 SH OTR 1 0 18063 0 HOSTESS BRANDS INC CL A 44109J106 308 22017 SH OTR 1 0 22017 0 HOWARD HUGHES CORP COM 44267D107 312 2408 SH OTR 1 0 2408 0 HOWARD HUGHES CORP COM 44267D107 203290 1568594 SH DFND 1568594 0 0 HYATT HOTELS CORP COM CL A 448579102 304 4130 SH OTR 1 0 4130 0 IAC INTERACTIVECORP COM 44919P508 292 1340 SH OTR 1 0 1340 0 IAC INTERACTIVECORP COM 44919P508 1002 4595 SH DFND 4595 0 0 IBERIABANK CORP COM 450828108 257 3396 SH DFND 3396 0 0 ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 102742 1600348 SH DFND 1600348 0 0 INTEC PHARMA LTD JERUSALEM SHS M53644106 8 10326 SH DFND 10326 0 0 INTEL CORP COM 458140100 485 9418 SH DFND 9418 0 0 INTER PARFUMS INC COM 458334109 13759 196643 SH DFND 196643 0 0 INTERACTIVE BROKERS GROUP INC COM CL A 45841N107 325 6049 SH OTR 1 0 6049 0 INTERCONTINENTAL EXCHANGE INC COM 45866F104 6182 66999 SH DFND 66999 0 0 INTL FLAVORS & FRAGRANCES COM 459506101 571 4650 SH DFND 4650 0 0 INTREXON CORP COM 46122T102 286 49913 SH OTR 1 0 49913 0 INTUIT INC COM 461202103 310 1166 SH OTR 1 0 1166 0 INTUITIVE SURGICAL INC COM 46120E602 421 779 SH DFND 779 0 0 INVESCO INSURED MUNICIPAL INCOME TRUST COM 46132P108 559 36403 SH DFND 36403 0 0 INVESCO QUALITY MUNI INC TRS COM 46133G107 744 58191 SH DFND 58191 0 0 INVESCO S&P 500 EQL WGT ETF S&P500 EQL WGT 46137V357 927 8573 SH DFND 8573 0 0 INVESCO VAN KAMPEN SENIOR INCOME TRUST COM 46131H107 102 24228 SH DFND 24228 0 0 INVESCO VAN KAMPEN TRUST INVESTMENT GRADE NE COM 46131T101 173 12714 SH DFND 12714 0 0 IONIS PHARMACEUTICALS INC COM 462222100 731 12200 SH DFND 12200 0 0 ISHARES TR SH TR CRPORT ETF 464288646 2898 54000 SH DFND 54000 0 0 ISHARES SILVER TRUST ISHARES ISHARES 46428Q109 404 25368 SH DFND 25368 0 0 ISHARES TR MICRO-CAP ETF 464288869 371 4205 SH DFND 4205 0 0 ISHARES TR PFD AND INCM SEC 464288687 713 18988 SH DFND 18988 0 0 JBG SMITH PPTYS COM 46590V100 312 7957 SH OTR 1 0 7957 0 JEFFRIES FINL GROUP INC COM 47233W109 292 15860 SH OTR 1 0 15860 0 JEFFRIES FINL GROUP INC COM 47233W109 501 27212 SH DFND 27212 0 0 JOHNSON & JOHNSON COM 478160104 3091 23893 SH DFND 23893 0 0 JP MORGAN CHASE & CO COM 46625H100 1146 9735 SH DFND 9735 0 0 JP MORGAN EXCHANGE TRADED FD ULTRA SHRT INC 46641Q837 2451 48600 SH DFND 48600 0 0 KADMON HLDGS INC COM 48283N106 213 84607 SH DFND 84607 0 0 KAYNE ANDERSON MDSTM ENERGY FD INC COM 48661E108 735 67879 SH DFND 67879 0 0 KAYNE ANDERSON MLP INVSMNT C COM 486606106 3856 266701 SH DFND 266701 0 0 KIMBELL RTY PARTNERS LP UNIT 49435R102 2410 163845 SH DFND 163845 0 0 KIMBERLY CLARK CORP COM 494368103 411 2894 SH DFND 2894 0 0 KLA-TENCOR CORP COM NEW 482480100 1772 11115 SH DFND 11115 0 0 KONINKLIJKE PHILIPS NV NY REG SH NEW 500472303 213 4607 SH DFND 4607 0 0 KRAFT HEINZ COMPANY COM 500754106 723 25892 SH DFND 25892 0 0 L BRANDS INC COM 501797104 323 16490 SH OTR 1 0 16490 0 L3 HARRIS TECHNOLOGIES INC COM 502431109 2531 12130 SH DFND 12130 0 0 LANCASTER COLONY CORP COM 513847103 297 2140 SH OTR 1 0 2140 0 LANDS END INC NEW COM 51509F105 9 764 SH DFND 764 0 0 LANDS END INC NEW COM 51509F105 270 23820 SH OTR 1 0 23820 0 LAS VEGAS SANDS CORP COM 517834107 310 5360 SH OTR 1 0 5360 0 LAS VEGAS SANDS CORP COM 517834107 5811 100613 SH DFND 100613 0 0 LAUDER ESTEE COS INC CL A 518439104 324 1630 SH OTR 1 0 1630 0 LENDINGTREE INC NEW COM 52603B107 2556 8233 SH DFND 8233 0 0 LENNAR CORP CL A 526057104 152 2725 SH DFND 2725 0 0 LENNAR CORP CL A 526057104 322 5763 SH OTR 1 0 5763 0 LIBERTY MEDIA CORP DELAWARE COM A BRAVES GRP 531229706 2093 75222 SH DFND 75222 0 0 LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 294 10592 SH OTR 1 0 10592 0 LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 4754 171315 SH DFND 171315 0 0 LIBERTY BROADBAND CORP COM SER A 530307107 10333 98861 SH DFND 98861 0 0 LIBERTY BROADBAND CORP COM SER C 530307305 301 2873 SH OTR 1 0 2873 0 LIBERTY BROADBAND CORP COM SER C 530307305 51741 494329 SH DFND 494329 0 0 LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 9393 237261 SH DFND 237261 0 0 LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 311 7473 SH OTR 1 0 7473 0 LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 14201 341460 SH DFND 341460 0 0 LIBERTY GLOBAL PLC SHS CL C G5480U120 279 11726 SH OTR 1 0 11726 0 LIBERTY GLOBAL PLC S SHS CL C G5480U120 1433 60237 SH DFND 60237 0 0 LIBERTY LATIN AMERICA LTD COM CL C G9001E128 284 16601 SH DFND 16601 0 0 LIBERTY LATIN AMERICA LTD COM CL C G9001E128 290 16984 SH OTR 1 0 16984 0 LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 312 7440 SH OTR 1 0 7440 0 LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 98324 2343286 SH DFND 2343286 0 0 LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 37018 890509 SH DFND 890509 0 0 LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 12 1302 SH DFND 1302 0 0 LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 296 31430 SH OTR 1 0 31430 0 LINDE PLC COM G5494J103 323 1665 SH DFND 1665 0 0 LIONS GATE ENTMNT CORP CL B NON VTG 535919500 280 32083 SH OTR 1 0 32083 0 LIONS GATE ENTMNT CORP CL B NON VTG 535919500 7562 865172 SH DFND 865172 0 0 LIVE NATION ENTERTAINMENT INC. COM 538034109 66696 1005364 SH DFND 1005364 0 0 LOCKHEED MARTIN CORP COM 539830109 338 866 SH DFND 866 0 0 LOEWS CORP COM 540424108 313 6087 SH OTR 1 0 6087 0 LOEWS CORP COM 540424108 2049 39805 SH DFND 39805 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 20 220 SH DFND 220 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 316 3536 SH OTR 1 0 3536 0 M & T BK CORP COM 55261F104 304 1925 SH DFND 1925 0 0 MADISON SQUARE GARDEN CO CL A 55825T103 307 1166 SH OTR 1 0 1166 0 MADISON SQUARE GARDEN CO CL A 55825T103 17498 66401 SH DFND 66401 0 0 MANTECH INTL CORP CL A 564563104 1785 25000 SH DFND 25000 0 0 MARCUS & MILLICHAP INC COM 566324109 300 8460 SH OTR 1 0 8460 0 MARKEL CORP COM 570535104 22601 19123 SH DFND 19123 0 0 MARKETAXESS HLDGS INC COM 57060D108 1638 5000 SH DFND 5000 0 0 MARRIOTT INTL INC NEW CL A 571903202 299 2403 SH OTR 1 0 2403 0 MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 3 26 SH DFND 26 0 0 MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 303 2920 SH OTR 1 0 2920 0 MASCO CORP COM 574599106 277 6650 SH DFND 6650 0 0 MASTEC INC COM 576323109 313 4822 SH OTR 1 0 4822 0 MASTERCARD INC CL A 57636Q104 19554 72003 SH DFND 72003 0 0 MCDONALDS CORP COM 580135101 980 4562 SH DFND 4562 0 0 MERCK & COMPANY COM 58933Y105 3807 45220 SH DFND 45220 0 0 MERCURY GENL CORP NEW COM 589400100 314 5611 SH OTR 1 0 5611 0 MESABI TR CTF BEN INT 590672101 7779 325199 SH DFND 325199 0 0 MFS HIGH INCOME MUN TR SH BEN INT 59318D104 3065 557218 SH DFND 557218 0 0 MGM RESORTS INTERNATIONAL COM 552953101 997 35950 SH DFND 35950 0 0 MICROSOFT COM 594918104 2565 18451 SH DFND 18451 0 0 MOHAWK INDUSTRIES INC COM 608190104 315 2541 SH OTR 1 0 2541 0 MONDELEZ INTL INC CL A 609207105 1517 27431 SH DFND 27431 0 0 MONSTER BEVERAGE CORP COM 61174X109 311 5359 SH OTR 1 0 5359 0 MORGAN STANLEY NEW COM NEW 617446448 288 6751 SH DFND 6751 0 0 MORNINGSTAR INC COM 617700109 287 1965 SH OTR 1 0 1965 0 MOVADO GROUP INC COM 624580106 933 37524 SH DFND 37524 0 0 MSC INDL DIRECT INC CL A 553530106 323 4454 SH OTR 1 0 4454 0 MSG NETWORK INC CL A 553573106 296 18243 SH OTR 1 0 18243 0 MSG NETWORK INC CL A 553573106 1917 118172 SH DFND 118172 0 0 NANTKWEST INC COM 63016Q102 280 229856 SH OTR 1 0 229856 0 NASDAQ INC COM 631103108 1075 10821 SH DFND 10821 0 0 NATIONAL GEN HLDGS CORP COM 636220303 295 12825 SH OTR 1 0 12825 0 NAVIGATOR HOLDINGS LTD SHS Y62132108 14546 1362007 SH DFND 1362007 0 0 NAVISTAR INTL CORP NEW COM 63934E108 1 50 SH DFND 50 0 0 NAVISTAR INTL CORP NEW COM 63934E108 303 10764 SH OTR 1 0 10764 0 NEUBERGER BERMAN MUNI FD INC COM 64124P101 854 55243 SH DFND 55243 0 0 NEUBERGER BERMAN NY MUN FD INC COM 64124K102 370 29549 SH DFND 29549 0 0 NEW MEDIA INVT GROUP INC COM 64704V106 112 12705 SH DFND 12705 0 0 NEWELL BRANDS INC COM 651229106 318 16983 SH OTR 1 0 16983 0 NEWELL BRANDS INC COM 651229106 428 22882 SH DFND 22882 0 0 NEWMARK GROUP INC CL A 65158N102 414 45723 SH DFND 45723 0 0 NEWMARKET CORP COM 651587107 321 681 SH OTR 1 0 681 0 NEWS CORP NEW CL A 65249B109 306 21974 SH OTR 1 0 21974 0 NOMAD FOODS LTD USD ORD SHS G6564A105 308 15027 SH OTR 1 0 15027 0 NORDSTROM INC COM 655664100 322 9578 SH OTR 1 0 9578 0 NORFOLK SOUTHN CORP COM 655844108 855 4757 SH DFND 4757 0 0 NORTHROP GRUMMAN CORP COM 666807102 347 925 SH DFND 925 0 0 NOVAGOLD RES INC COM NEW 66987E206 43 7116 SH DFND 7116 0 0 NOVAGOLD RES INC COM NEW 66987E206 307 50604 SH OTR 1 0 50604 0 NOVARTIS AG SPONSORED ADR 66987V109 2184 25133 SH DFND 25133 0 0 NOVO-NORDISK A S ADR 670100205 400 7740 SH DFND 7740 0 0 NUVEEN AMT-FREE QLTY MUN INCOME COM 670657105 8163 570460 SH DFND 570460 0 0 NUVEEN DIV QLTY MUNI FD COM SH BEN INT 67070X101 1061 65391 SH DFND 65391 0 0 NUVEEN DIVID AMT FREE MUNI CRED INC FD COM 67071L106 418 24971 SH DFND 24971 0 0 NUVEEN ENERGY MLP TOTL RTRNF COM 67074U103 2930 338783 SH DFND 338783 0 0 NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 567 59424 SH DFND 59424 0 0 NUVEEN INT DUR QUAL MUN TRM COM 670677103 293 21456 SH DFND 21456 0 0 NUVEEN INTER DURATION MN TMF COM 670671106 1005 73210 SH DFND 73210 0 0 NUVEEN MUN HIGH INC OPP FD COM 670682103 220 15391 SH DFND 15391 0 0 NUVEEN MUN VALUE FD INC COM 670928100 161 15296 SH DFND 15296 0 0 NUVEEN NY AMT FREE QLTY MUN INC FD COM 670656107 983 72999 SH DFND 72999 0 0 NUVEEN NY QLTY INCOME FD COM 67066X107 712 49962 SH DFND 49962 0 0 NUVEEN PREFERRED & INCOME SECURITIES FD COM 67072C105 492 49907 SH DFND 49907 0 0 NUVEEN QUALITY MUNI INC FD COM 67066V101 1612 112236 SH DFND 112236 0 0 NUVEEN SELECT MAT MUN FD S SH BEN INT 67061T101 224 21500 SH DFND 21500 0 0 NUVEEN SR INCOME FD COM 67067Y104 632 109454 SH DFND 109454 0 0 NUVEEN TAXABLE MUNICIPAL INC FUND COM 67074C103 4006 179722 SH DFND 179722 0 0 NVIDIA CORP COM 67066G104 286 1642 SH DFND 1642 0 0 ORACLE CORP COM 68389X105 247 4491 SH DFND 4491 0 0 ORACLE CORP COM 68389X105 327 5949 SH OTR 1 0 5949 0 PACIFIC BIOSCIENCES CALIF IN COM 69404D108 62 12000 SH DFND 12000 0 0 PAR PACIFIC HOLDINGS INC COM NEW 69888T207 316 13820 SH OTR 1 0 13820 0 PAR PACIFIC HOLDINGS INC COM NEW 69888T207 355 15511 SH DFND 15511 0 0 PATTERSON UTI ENERGY INC COM 703481101 3798 444163 SH DFND 444163 0 0 PAYCHEX INC COM 704326107 137 1659 SH DFND 1659 0 0 PAYCHEX INC COM 704326107 313 3778 SH OTR 1 0 3778 0 PAYPAL HLDGS INC COM 70450Y103 9241 89208 SH DFND 89208 0 0 PCM FUND INC COM 69323T101 586 52695 SH DFND 52695 0 0 PEGASYSTEMS INC COM 705573103 294 4326 SH OTR 1 0 4326 0 PENN NATL GAMING INC COM 707569109 290 15583 SH OTR 1 0 15583 0 PENSKE AUTOMOTIVE GRP INC COM 70959W103 321 6798 SH OTR 1 0 6798 0 PENSKE AUTOMOTIVE GRP INC COM 70959W103 360 7613 SH DFND 7613 0 0 PEPSICO INC COM 713448108 2228 16248 SH DFND 16248 0 0 PERKINELMER INC COM 714046109 467 5480 SH DFND 5480 0 0 PERMIAN BASIN RTY TR UNIT BEN INT 714236106 2367 456063 SH DFND 456063 0 0 PFIZER INC COM 717081103 2230 62074 SH DFND 62074 0 0 PHILIP MORRIS INTL INC COM 718172109 2472 32554 SH DFND 32554 0 0 PIMCO DYNAMIC CREDIT AND MORTGAGE INCOME FD COM SHS 72202D106 2225 90874 SH DFND 90874 0 0 PIMCO DYNAMIC INCOME FD SHS 72201Y101 7622 234240 SH DFND 234240 0 0 PIMCO ETF TR ENHAN SHRT MAT ENHAN SHRT MA AC 72201R833 490 4816 SH DFND 4816 0 0 PIMCO INCOME OPPORTUNITY FD COM 72202B100 2745 103102 SH DFND 103102 0 0 PIMCO INCOME STRATEGY FUND COM 72201H108 2370 207387 SH DFND 207387 0 0 PIMCO INCOME STRATEGY FUND II COM 72201J104 4914 475666 SH DFND 475666 0 0 PIMCO MUN INCOME FD II COM 72200W106 242 15400 SH DFND 15400 0 0 PIMCO NY MUNICIPAL INCOME FD COM 72200T103 676 46832 SH DFND 46832 0 0 PIONEER MUN HIGH INC ADV TR COM 723762100 297 27119 SH DFND 27119 0 0 PIONEER MUN HIGH INCOME TR COM SHS 723763108 731 58680 SH DFND 58680 0 0 PJT PARTNERS INC COM CL A 69343T107 18 436 SH DFND 436 0 0 PJT PARTNERS INC COM CL A 69343T107 302 7412 SH OTR 1 0 7412 0 PRICE T ROWE GROUP INC COM 74144T108 445 3891 SH DFND 3891 0 0 PRICESMART INC COM 741511109 360 5063 SH OTR 1 0 5063 0 PROGENICS PHARMACEUTICALS IN COM 743187106 340 67200 SH DFND 67200 0 0 QUALCOMM INC COM 747525103 235 3080 SH DFND 3080 0 0 QUEST DIAGNOSTICS INC COM 74834L100 567 5300 SH DFND 5300 0 0 QURATE RETAIL INC COM SER A 74915M100 292 28302 SH OTR 1 0 28302 0 QURATE RETAIL INC COM SER A 74915M100 1983 192261 SH DFND 192261 0 0 RAFAEL HLDGS INC COM CL B 75062E106 388 18494 SH DFND 18494 0 0 RALPH LAUREN CORP CL A 751212101 303 3176 SH OTR 1 0 3176 0 RAYMOND JAMES FINANCIAL INC COM 754730109 300 3642 SH OTR 1 0 3642 0 RAYONIER ADVANCED MATLS INC COM 75508B104 296 68452 SH DFND 68452 0 0 RAYTHEON COM NEW 755111507 972 4956 SH DFND 4956 0 0 REALPAGE INC COM 75606N109 310 4924 SH OTR 1 0 4924 0 RED ROCK RESORTS INC Cl A 75700L108 291 14311 SH OTR 1 0 14311 0 RESTAURANT BRANDS INTL INC COM 76131D103 304 4267 SH OTR 1 0 4267 0 RESTAURANT BRANDS INTL INC COM 76131D103 429 6025 SH DFND 6025 0 0 RICEBRAN TECHNOLOGIES COM NEW 762831204 54 20945 SH DFND 20945 0 0 RIO TINTO PLC SPONSORED ADR 767204100 211 4050 SH DFND 4050 0 0 ROCKWELL AUTOMATION INC COM 773903109 1080 6553 SH DFND 6553 0 0 ROLLINS INC COM 775711104 308 9038 SH OTR 1 0 9038 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1731 15981 SH DFND 15981 0 0 ROYAL DUTCH SHELL PLCP SPONS ADR A 780259206 692 11763 SH DFND 11763 0 0 ROYAL GOLD INC COM 780287108 28712 233033 SH DFND 233033 0 0 ROYCE MICRO-CAP TR INC COM 780915104 11348 1411435 SH DFND 1411435 0 0 ROYCE VALUE TR INC COM 780910105 601 43703 SH DFND 43703 0 0 RPC INC COM 749660106 305 54400 SH OTR 1 0 54400 0 S&P GLOBAL INC COM 78409V104 765 3124 SH DFND 3124 0 0 S&W SEED CO COM 785135104 49 20549 SH DFND 20549 0 0 SABINE ROYALTY TR UNIT BEN INT 785688102 1457 33580 SH DFND 33580 0 0 SALESFORCE COM INC COM 79466L302 3 20 SH DFND 20 0 0 SALESFORCE COM INC COM 79466L302 304 2049 SH OTR 1 0 2049 0 SANDRIDGE ENERGY INC COM NEW 80007P869 52 11082 SH DFND 11082 0 0 SANDSTORM GOLD LTD COM NEW 80013R206 12904 2287981 SH DFND 2287981 0 0 SANOFI AVENTIS RIGHT 12/31/2020 80105N113 9 15940 SH DFND 15940 0 0 SANOFI SPONSORED ADR 80105N105 1158 25000 SH DFND 25000 0 0 SCHLUMBERGER COM 806857108 718 21024 SH DFND 21024 0 0 SCHWAB CHARLES CORP NEW COM 808513105 303 7234 SH OTR 1 0 7234 0 SCIENCE APPLICATNS INTL CP N COM 808625107 49805 570182 SH DFND 570182 0 0 SCOTTS MIRACLE GRO CO CL A 810186106 312 3062 SH OTR 1 0 3062 0 SCRIPPS E W CO OHIO CL A NEW 811054402 797 60000 SH DFND 60000 0 0 SEALED AIR CORP NEW COM 81211K100 1411 34000 SH DFND 34000 0 0 SEARS HOMETOWN AND OUTLET ST COM 812362101 13 3728 SH DFND 3728 0 0 SEARS HOMETOWN AND OUTLET ST COM 812362101 309 89700 SH OTR 1 0 89700 0 SEASPAN CORP SHS Y75638109 292 27463 SH OTR 1 0 27463 0 SECOND SIGHT MED PRODS INC COM 81362J100 21 25874 SH DFND 25874 0 0 SERITAGE GROWTH PPTYS CL A 81752R100 304 7158 SH OTR 1 0 7158 0 SILGAN HOLDINGS INC COM 827048109 316 10536 SH OTR 1 0 10536 0 SIMON PPTY GROUP INC NEW COM 828806109 44 282 SH DFND 282 0 0 SIMON PPTY GROUP INC NEW COM 828806109 313 2008 SH OTR 1 0 2008 0 SONOCO PRODUCTS COM 835495102 1222 21000 SH DFND 21000 0 0 SPDR GOLD TRUST GOLD GOLD SHS 78463V107 214 1542 SH DFND 1542 0 0 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 889 2523 SH DFND 2523 0 0 SPDR SERIES TRUST PORTFOLIO SHTRM BD FUND PORTFOLIO SHORT 78464A474 740 24000 SH DFND 24000 0 0 SPECTRUM BRNDS HOLDINGS INC COM 84790A105 37 696 SH DFND 696 0 0 SPECTRUM BRNDS HOLDINGS INC COM 84790A105 317 6015 SH OTR 1 0 6015 0 SQUARE INC CL A 852234103 245 3956 SH DFND 3956 0 0 SS&C TECHNOLOGIES HLDGS INC COM 78467J100 320 6209 SH OTR 1 0 6209 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 2390 8054 SH DFND 8054 0 0 STONECO LTD COM CL A G85158106 535 15391 SH DFND 15391 0 0 STRYKER CORP COM 863667101 433 2000 SH DFND 2000 0 0 SUNCOR ENERGY INC NEW COM 867224107 1951 61773 SH DFND 61773 0 0 TAUBMAN CTRS INC COM 876664103 306 7493 SH OTR 1 0 7493 0 TEGNA INC COM 87901J105 186 11950 SH DFND 11950 0 0 TELEFLEX INC COM 879369106 756 2226 SH DFND 2226 0 0 TENNECO INC CL A VTG COM STK 880349105 306 24422 SH OTR 1 0 24422 0 TESLA INC COM 88160R101 309 1284 SH OTR 1 0 1284 0 TEXAS PACIFIC LAND TRUST SUB CTF PROP IT 882610108 1158062 1782813 SH DFND 1782813 0 0 THIRD PT REINS LTD COM G8827U100 309 30967 SH OTR 1 0 30967 0 TIMKEN CO COM 887389104 305 7013 SH OTR 1 0 7013 0 TIMKENSTEEL CORP COM 887399103 279 44314 SH OTR 1 0 44314 0 TOOTSIE ROLL INDS INC COM 890516107 20 536 SH DFND 536 0 0 TOOTSIE ROLL INDS INC COM 890516107 311 8368 SH OTR 1 0 8368 0 TORONTO DOMINION BK ONT COM NEW 891160509 1069 18350 SH DFND 18350 0 0 TORTOISE ENERGY INFRSTRCTR C COM 89147L100 764 37383 SH DFND 37383 0 0 TORTOISE MIDSTREAM ENERGY FD INC COM 89148B101 4114 334733 SH DFND 334733 0 0 TRI POINTE GROUP INC COM 87265H109 2209 146905 SH DFND 146905 0 0 TRILOGY METALS INC COM 89621C105 33 20167 SH DFND 20167 0 0 TRINITY PLACE HOLDINGS INC COM 89656D101 41 10156 SH DFND 10156 0 0 TTEC HOLDINGS INC COM 89854H102 302 6312 SH OTR 1 0 6312 0 UNDER ARMOUR INC CL C 904311206 300 16570 SH OTR 1 0 16570 0 UNION PACIFIC CORP COM 907818108 1958 12090 SH DFND 12090 0 0 UNITED PARCEL SVC INC CL B 911312106 538 4493 SH DFND 4493 0 0 UNITED TECHNOLOGIES CORP DEL COM 913017109 210 1541 SH DFND 1541 0 0 UNITEDHEALTH GROUP INC COM 91324P102 209 960 SH DFND 960 0 0 URBAN EDGE PPTYS COM 91704F104 4 195 SH DFND 195 0 0 URBAN EDGE PPTYS COM 91704F104 320 16164 SH OTR 1 0 16164 0 URBAN OUTFITTERS INC COM 917047102 369 13122 SH OTR 1 0 13122 0 US BANCORP DEL COM NEW 902973304 230 4155 SH DFND 4155 0 0 VAIL RESORTS INC COM 91879Q109 510 2243 SH DFND 2243 0 0 VALMONT INDS INC COM 920253101 336 2425 SH DFND 2425 0 0 VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 1792 67091 SH DFND 67091 0 0 VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 518 5833 SH DFND 5833 0 0 VANGUARD INDEX FDS EXTEND MKT ETF 922908652 930 7998 SH DFND 7998 0 0 VANGUARD INDEX FDS S&P500 ETF SHS 922908363 4867 17855 SH DFND 17855 0 0 VANGUARD INDEX FDS SMALL CP ETF 922908751 801 5208 SH DFND 5208 0 0 VANGUARD INDEX TR TOTAL STK MKT 922908769 4890 32384 SH DFND 32384 0 0 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 841 9021 SH DFND 9021 0 0 VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 23261 381769 SH DFND 381769 0 0 VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1790 22081 SH DFND 22081 0 0 VENTAS INC COM 92276F100 253 3466 SH DFND 3466 0 0 VERISK ANALYTICS INC CL A 92345Y106 1107 7000 SH DFND 7000 0 0 VERIZON COMMUNICATIONS COM 92343V104 2225 36865 SH DFND 36865 0 0 VIACOM INC NEW CL B 92553P201 292 12140 SH OTR 1 0 12140 0 VIACOM INC NEW CL B 92553P201 485 20188 SH DFND 20188 0 0 VIASAT INC COM 92552V100 1010 13407 SH DFND 13407 0 0 VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 2627 94953 SH DFND 94953 0 0 VIRTU FINL INC CL A 928254101 253 15494 SH OTR 1 0 15494 0 VISA INC COM CL A 92826C839 5923 34434 SH DFND 34434 0 0 VORNADO RLTY TR SH BEN INT 929042109 13 207 SH DFND 207 0 0 VORNADO RLTY TR SH BEN INT 929042109 316 4969 SH OTR 1 0 4969 0 W & T OFFSHORE INC COM 92922P106 270 61747 SH OTR 1 0 61747 0 W P CAREY INC COM 92936U109 1007 11250 SH DFND 11250 0 0 WABTEC COM 929740108 361 5020 SH DFND 5020 0 0 WALMART INC COM 931142103 352 2964 SH DFND 2964 0 0 WELBILT INC COM 949090104 304 18056 SH OTR 1 0 18056 0 WELBILT INC COM 949090104 508 30153 SH DFND 30153 0 0 WENDYS COMPANY COM 95058W100 311 15552 SH OTR 1 0 15552 0 WENDYS COMPANY COM 95058W100 50970 2551028 SH DFND 2551028 0 0 WERNER ENTERPRISES INC COM 950755108 321 9089 SH OTR 1 0 9089 0 WESTERN ASSET CORPORATE LN FD COM 95790J102 850 89524 SH DFND 89524 0 0 WESTERN ASSET INTM MUNI FD I COM UNIT LP INT 958435109 247 26887 SH DFND 26887 0 0 WESTLAKE CHEM CORP C COM 960413102 317 4838 SH OTR 1 0 4838 0 WHEATON PRECIOUS METALS CORP COM 962879102 93891 3578158 SH DFND 3578158 0 0 WHITE MOUNTAINS INSURANCE GROUP LTD ISIN COM G9618E107 441 408 SH DFND 408 0 0 WILLIAMS COS INC COM 969457100 3557 147840 SH DFND 147840 0 0 WSTRN ASSET INFLATION LINKED OPPORT INC FD COM 95766R104 320 28842 SH DFND 28842 0 0 WW INTL INC COM 98262P101 338 8946 SH OTR 1 0 8946 0 WYNN RESORTS LTD COM 983134107 540 4967 SH DFND 4967 0 0 XEROX HOLDINGS CORP COM NEW 98421M106 306 10219 SH OTR 1 0 10219 0 XPO LOGISTICS INC COM 983793100 304 4249 SH OTR 1 0 4249 0 AKEBIA THERAPEUTICS INC COM 00972D105 1160 116000 SH Call DFND 116000 0 0 BARCLAYS BK PLC IPATH B SHRT TRM 06746P621 18000 300000 SH Call DFND 300000 0 0 BRIGHTHOUSE FINL INC COM 10922N103 9794 127900 SH Call DFND 127900 0 0 ISHARES SILVER TRUST ISHARES 46428Q109 3276 135800 SH Call DFND 135800 0 0 NEW GOLD INC CDA COM 644535106 620 248400 SH Call DFND 248400 0 0 W & T OFFSHORE INC COM 92922P106 366 45800 SH Call DFND 45800 0 0