0001056823-21-000012.txt : 20210216 0001056823-21-000012.hdr.sgml : 20210216 20210216165815 ACCESSION NUMBER: 0001056823-21-000012 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210216 DATE AS OF CHANGE: 20210216 EFFECTIVENESS DATE: 20210216 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: 21640348 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 12-31-2020 12-31-2020 HORIZON KINETICS ASSET MANAGEMENT LLC

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

13F HOLDINGS REPORT 028-06986 N Jay Kesslen 9147036904 Jay Kesslen New York NY 02-16-2021 0 347 3002880 false INFORMATION TABLE 2 form13fhr-infoTable.xml 3M CO COM 88579Y101 302 1725 SH DFND 1725 0 0 A T & T INC COM 00206R102 266 9235 SH DFND 9235 0 0 ABB LTD SPONSORED ADR 000375204 995 35587 SH DFND 35587 0 0 ABBOTT LABS COM 002824100 1743 15916 SH DFND 15916 0 0 ABBVIE INC COM 00287Y109 3239 30233 SH DFND 30233 0 0 ACCENTURE PLC SHS CLASS A G1151C101 234 894 SH DFND 894 0 0 AGNC INVT CORP COM 00123Q104 239 15314 SH DFND 15314 0 0 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 571 2454 SH DFND 2454 0 0 ALICO INC COM 016230104 703 22655 SH DFND 22655 0 0 ALKERMES PLC COM G01767105 439 22000 SH DFND 22000 0 0 ALLEGHANY CORP DEL COM 017175100 9114 15097 SH DFND 15097 0 0 ALNYLAM PHARMACEUTICALS INC COM 02043Q107 390 3000 SH DFND 3000 0 0 ALPHABET INC CL A 02079K305 6310 3601 SH DFND 3601 0 0 ALPHABET INC CL C 02079K107 6159 3516 SH DFND 3516 0 0 ALTRIA GROUP INC COM 02209S103 1828 44592 SH DFND 44592 0 0 AMAZON COM INC COM 023135106 749 230 SH DFND 230 0 0 AMC NETWORKS INC CL A 00164V103 6029 168543 SH DFND 168543 0 0 AMERICAN TOWER REIT COM 03027X100 297 1325 SH DFND 1325 0 0 AMGEN INC COM 031162100 1024 4455 SH DFND 4455 0 0 ANALOG DEVICES INC COM 032654105 809 5475 SH DFND 5475 0 0 ANNALY CAP MGMT INC COM 035710409 301 35563 SH DFND 35563 0 0 APPLE INC COM 037833100 3133 23613 SH DFND 23613 0 0 APYX MED CORP COM 03837C106 4428 615000 SH DFND 615000 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 9325 184980 SH DFND 184980 0 0 ARENA PHARMACEUTICALS INC COM NEW 040047607 346 4500 SH DFND 4500 0 0 ASSOCIATED CAP GROUP INC CL A 045528106 46813 1332955 SH DFND 1332955 0 0 ASTRAZENECA PLC SPONSORED ADR 046353108 963 19263 SH DFND 19263 0 0 AUTONATION INC COM 05329W102 27790 398192 SH DFND 398192 0 0 BALCHEM CORP COM 057665200 3106 26959 SH DFND 26959 0 0 BANCO SANTANDER SA ADR 05964H105 113 37079 SH DFND 37079 0 0 BANK AMER CORP COM 060505104 1033 34076 SH DFND 34076 0 0 BANK OF MONTREAL QUE COM 063671101 461 6060 SH DFND 6060 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 237 5586 SH DFND 5586 0 0 BANK OF NOVA SCOTIA HALIFAX COM 064149107 227 4205 SH DFND 4205 0 0 BARRICK GOLD CORP COM 067901108 424 18602 SH DFND 18602 0 0 BAXTER INTL INC COM 071813109 687 8558 SH DFND 8558 0 0 BEL FUSE INC CL B 077347300 436 28988 SH DFND 28988 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 3826 11 SH DFND 11 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 17162 74018 SH DFND 74018 0 0 BGC PARTNERS INC CL A 05541T101 8210 2052577 SH DFND 2052577 0 0 BHP GROUP LTD SPONSORED ADS 088606108 248 3797 SH DFND 3797 0 0 BIOGEN INC COM 09062X103 968 3954 SH DFND 3954 0 0 BLACK KNIGHT INC COM 09215C105 1011 11438 SH DFND 11438 0 0 BLACK STONE MINERALS L P COM UNIT 09225M101 1407 210600 SH DFND 210600 0 0 BLACKROCK CREDIT ALL INC TR COM 092508100 671 45611 SH DFND 45611 0 0 BLACKROCK FLOAT RATE OME STR COM 09255X100 718 59300 SH DFND 59300 0 0 BLACKROCK FLOATING RATE INCOME COM 091941104 149 12678 SH DFND 12678 0 0 BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 566 22050 SH DFND 22050 0 0 BLACKROCK MUN INC INVESTMENT QUALITY TRUST COM 09250G102 1137 76195 SH DFND 76195 0 0 BLACKROCK MUNI INTER DR FD I COM 09253X102 1109 74575 SH DFND 74575 0 0 BLACKROCK MUNICIPL INC QLTY COM 092479104 274 18053 SH DFND 18053 0 0 BLACKROCK MUNIHLDGS INVESTMENT QUALITY FUND COM 09254P108 574 40758 SH DFND 40758 0 0 BLACKROCK MUNIHLDGS QUALITY FUND II INC COM 09254C107 1404 102863 SH DFND 102863 0 0 BLACKROCK MUNIHLDGS QUALITY FUND INC COM 09254A101 997 75386 SH DFND 75386 0 0 BLACKROCK MUNIVEST FD INC COM 09253R105 427 46440 SH DFND 46440 0 0 BLACKROCK MUNIYIELD QLTY FD COM 09254E103 907 62783 SH DFND 62783 0 0 BLACKROCK MUNIYIELD QUALITY COM 09254G108 451 32280 SH DFND 32280 0 0 BLACKROCK NY MUN INC QUALITY TRUST COM 09249U105 283 20769 SH DFND 20769 0 0 BLACKSTONE GROUP INC COM CL A 09260D107 565 8725 SH DFND 8725 0 0 BLACKSTONE MTG TR INC COM CL A 09257W100 462 16783 SH DFND 16783 0 0 BOEING CO COM 097023105 20267 94679 SH DFND 94679 0 0 BRISTOL MYERS SQUIBBCO COM 110122108 2961 47741 SH DFND 47741 0 0 BROADRIDGE FINL SOLUTIONS INC COM 11133T103 699 4564 SH DFND 4564 0 0 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 67795 1642723 SH DFND 1642723 0 0 BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107 370 5123 SH DFND 5123 0 0 BROOKFIELD INFRASTRUCTURE PARTNERS LP LP INT UNIT G16252101 2025 41002 SH DFND 41002 0 0 BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 334 23091 SH DFND 23091 0 0 BROOKFIELD PROPERTY REIT INC CL A 11282X103 381 25518 SH DFND 25518 0 0 BROOKFIELD REAL ASSETS INCOME FUND SHS BEN INT 112830104 345 19359 SH DFND 19359 0 0 BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT G16258108 209 4837 SH DFND 4837 0 0 CACI INTL INC CL A 127190304 95887 384579 SH DFND 384579 0 0 CAPITAL SOUTHWEST CORP COM 140501107 305 17200 SH DFND 17200 0 0 CARNIVAL CORP UNIT 99/99/9999 143658300 323 14900 SH DFND 14900 0 0 CATCHMARK TIMBER TR INC CL A 14912Y202 2560 273462 SH DFND 273462 0 0 CATERPILLAR INC COM 149123101 2008 11033 SH DFND 11033 0 0 CBOE GLOBAL MARKETS INC COM 12503M108 41165 442060 SH DFND 442060 0 0 CENTERPOINT ENERGY INC COM 15189T107 482 22272 SH DFND 22272 0 0 CHARLES RIV LABS INTL INC COM 159864107 27914 111718 SH DFND 111718 0 0 CHENIERE ENERGY INC COM NEW COM NEW 16411R208 30101 501429 SH DFND 501429 0 0 CHENIERE ENERGY INC NOTE 4.250% 3/1 16411RAG4 28816 36883500 PRN DFND 36883500 0 0 CHEVRON CORP COM 166764100 1275 15102 SH DFND 15102 0 0 CISCO SYSTEMS INC COM 17275R102 1843 41176 SH DFND 41176 0 0 CIVEO CORP CDA COM NEW 17878Y207 42021 3023090 SH DFND 3023090 0 0 CLEARBRIDGE MLP AND MIDSTRM TR COM 18469Q207 158 10827 SH DFND 10827 0 0 CME GROUP INC COM 12572Q105 27836 152900 SH DFND 152900 0 0 CMS ENERGY CORP COM 125896100 975 15975 SH DFND 15975 0 0 CNOOC LTD SPONSORED ADR 126132109 950 10365 SH DFND 10365 0 0 COHEN & STEERS INC COM 19247A100 2470 33244 SH DFND 33244 0 0 COHEN & STEERS QUALITY RLTY COM 19247L106 672 54233 SH DFND 54233 0 0 COLFAX CORP COM 194014106 4345 113616 SH DFND 113616 0 0 COLGATE PALMOLIVE CO COM 194162103 255 2978 SH DFND 2978 0 0 COMCAST CORP NEW CL A 20030N101 419 7997 SH DFND 7997 0 0 CORELOGIC INC COM COM 21871D103 1349 17446 SH DFND 17446 0 0 COSTAMARE INC SHS Y1771G102 1997 241237 SH DFND 241237 0 0 COSTCO WHSL CORP NEW COM 22160K105 208 553 SH DFND 553 0 0 CRISPR THERAPEUTICS AG NAMEN AKT H17182108 938 6125 SH DFND 6125 0 0 CSW INDUSTRIALS INC COM 126402106 1253 11200 SH DFND 11200 0 0 CSX CORP COM 126408103 222 2444 SH DFND 2444 0 0 CUBIC CORP COM 229669106 549 8852 SH DFND 8852 0 0 CVS HEALTH CORP COM 126650100 1006 14730 SH DFND 14730 0 0 DANAHER CORP COM 235851102 2276 10244 SH DFND 10244 0 0 DEERE & CO COM 244199105 581 2161 SH DFND 2161 0 0 DISCOVERY INC COM SER A 25470F104 3988 132552 SH DFND 132552 0 0 DISCOVERY INC COM SER C 25470F302 1845 70465 SH DFND 70465 0 0 DISH NETWORK CORP CL A CL A 25470M109 1561 48265 SH DFND 48265 0 0 DISNEY WALT CO COM DISNEY 254687106 1620 8940 SH DFND 8940 0 0 DORCHESTER MINERALS LP COM UNIT 25820R105 8656 793417 SH DFND 793417 0 0 DORMAN PRODUCTS INC COM 258278100 1774 20436 SH DFND 20436 0 0 DOUBLELINE INCOME SOLUTIONS COM 258622109 4127 248935 SH DFND 248935 0 0 DOUBLELINE OPPORTUNISTIC CR COM 258623107 5221 265715 SH DFND 265715 0 0 DOW INC COM 260557103 456 8218 SH DFND 8218 0 0 DUFF & PHELPS UTIL CORP BD T COM 26432K108 124 12425 SH DFND 12425 0 0 EATON VANCE LTD DUR INCOME F COM 27828H105 176 14021 SH DFND 14021 0 0 EATON VANCE MUN BD FD COM 27827X101 285 20955 SH DFND 20955 0 0 EATON VANCE NY MUN BD FD COM 27827Y109 305 24865 SH DFND 24865 0 0 EATON VANCE SR FLTNG RTE TR COM 27828Q105 255 20001 SH DFND 20001 0 0 EATON VANCE SR INCOME TR SH BEN INT 27826S103 151 23748 SH DFND 23748 0 0 ECHOSTAR CORP CL A 278768106 3294 155445 SH DFND 155445 0 0 EDITAS MEDICINE INC COM 28106W103 561 8000 SH DFND 8000 0 0 ELI LILLY AND COMPANY COM 532457108 1883 11154 SH DFND 11154 0 0 EMERSON ELEC CO COM 291011104 1475 18356 SH DFND 18356 0 0 ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 1492 241406 SH DFND 241406 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 2561 130751 SH DFND 130751 0 0 EQUITY COMMONWEALTH COM SH BEN INT 294628102 1891 69302 SH DFND 69302 0 0 EQUITY LIFESTYLE PPTYS INC COM 29472R108 14646 231156 SH DFND 231156 0 0 EXPEDIA GROUP INC COM NEW 30212P303 1440 10879 SH DFND 10879 0 0 EXXON MOBIL CORP COM 30231G102 2342 56814 SH DFND 56814 0 0 FEDERATED HERMES INC CL B 314211103 1091 37748 SH DFND 37748 0 0 FEDERATED HERMES PREM MUN INC FD COM 31423P108 617 41657 SH DFND 41657 0 0 FEDEX CORP COM 31428X106 360 1388 SH DFND 1388 0 0 FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 1762 45086 SH DFND 45086 0 0 FIDELITY NATL INFORMATION SVC COM 31620M106 473 3344 SH DFND 3344 0 0 FLOWERS FOODS INC COM 343498101 252 11125 SH DFND 11125 0 0 FORTIVE CORP COM COM 34959J108 296 4175 SH DFND 4175 0 0 FRANCO NEVADA CORP COM 351858105 96107 766828 SH DFND 766828 0 0 FREEPORT MCMORAN INC CL B 35671D857 3822 146899 SH DFND 146899 0 0 GALLAGHER ARTHUR J & CO COM 363576109 346 2799 SH DFND 2799 0 0 GAMCO INVESTORS INC CL A COM 361438104 5852 329900 SH DFND 329900 0 0 GANNETT CO INC NEW COM 36472T109 41 12075 SH DFND 12075 0 0 GENERAL DYNAMICS CORP COM 369550108 223 1496 SH DFND 1496 0 0 GENERAL ELECTRIC CO COM 369604103 719 66601 SH DFND 66601 0 0 GENERAL MLS INC COM 370334104 226 3850 SH DFND 3850 0 0 GENERAL MTRS CO COM 37045V100 1253 30082 SH DFND 30082 0 0 GENUINE PARTS CO COM 372460105 241 2400 SH DFND 2400 0 0 GILEAD SCIENCES INC COM 375558103 642 11017 SH DFND 11017 0 0 GLADSTONE LD CORP COM 376549101 524 35796 SH DFND 35796 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 861 23400 SH DFND 23400 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 358 1357 SH DFND 1357 0 0 GRAHAM HLDGS CO COM COM 384637104 545 1021 SH DFND 1021 0 0 GREENBRIER COS INC COM 393657101 262 7200 SH DFND 7200 0 0 GREENLANE HLDGS INC CL A 395330103 40 10000 SH DFND 10000 0 0 HONEYWELL INTL INC COM 438516106 1409 6623 SH DFND 6623 0 0 HOWARD HUGHES CORP COM 44267D107 67802 859010 SH DFND 859010 0 0 IAA INC COM 449253103 10813 166408 SH DFND 166408 0 0 IAC INTERACTIVECORP NEW COM 44891N109 3310 17479 SH DFND 17479 0 0 ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 33101 653261 SH DFND 653261 0 0 IHS MARKIT LTD SHS G47567105 21092 234803 SH DFND 234803 0 0 INTEL CORP COM 458140100 517 10369 SH DFND 10369 0 0 INTELLIA THERAPEUTICS INC COM 45826J105 544 10000 SH DFND 10000 0 0 INTER PARFUMS INC COM 458334109 11838 195703 SH DFND 195703 0 0 INTERCONTINENTAL EXCHANGE INC COM 45866F104 62885 545449 SH DFND 545449 0 0 INTL FLAVORS & FRAGRANCES COM 459506101 332 3050 SH DFND 3050 0 0 INVESCO CURRENCYSHARES AUSTR AUSTRALIAN DOL 46090N103 814 10595 SH DFND 10595 0 0 INVESCO CURRENCYSHARES CANADIAN DLR TRUST CDN DLR SHS 46138T104 599 7745 SH DFND 7745 0 0 INVESCO INSURED MUNICIPAL INCOME TRUST COM 46132P108 566 36163 SH DFND 36163 0 0 INVESCO QUALITY MUNI INC TRS COM 46133G107 757 58055 SH DFND 58055 0 0 INVESCO EXCHANGE TRADED FD S&P500 EQL WGT 46137V357 950 7450 SH DFND 7450 0 0 INVESCO SR INCOME TR COM 46131H107 46 11613 SH DFND 11613 0 0 INVESCO TR INVT GRADE NEW YO COM 46131T101 136 10414 SH DFND 10414 0 0 IONIS PHARMACEUTICALS INC COM 462222100 509 9000 SH DFND 9000 0 0 IRON MTN INC NEW COM 46284V101 731 24808 SH DFND 24808 0 0 ISHARES TR ISHS 1-5YR INVS 464288646 2979 54000 SH DFND 54000 0 0 ISHARES GOLD TR ISHARES 464285105 1447 79828 SH DFND 79828 0 0 ISHARES TR PHLX SEMICND ETF 464287523 347 916 SH DFND 916 0 0 ISHARES SILVER TRUST ISHARES 46428Q109 3987 162272 SH DFND 162272 0 0 ISHARES TR SHORT TREAS BD 464288679 10458 94616 SH DFND 94616 0 0 ISHARES TR GL TIMB FORE ETF 464288174 2394 30068 SH DFND 30068 0 0 ISHARES TR MICRO-CAP ETF 464288869 292 2459 SH DFND 2459 0 0 JOHNSON & JOHNSON COM 478160104 3044 19341 SH DFND 19341 0 0 JP MORGAN CHASE & CO COM 46625H100 330 2597 SH DFND 2597 0 0 JP MORGAN EXCHANGE TRADED FD ULTRA SHRT INC 46641Q837 1140 22440 SH DFND 22440 0 0 KAR AUCTION SVCS INC COM 48238T109 2436 130878 SH DFND 130878 0 0 KAYNE ANDERSON ENERGY INFRSTR COM 486606106 259 44962 SH DFND 44962 0 0 KAYNE ANDERSON NEXTGEN ENERGY COM 48661E108 202 35180 SH DFND 35180 0 0 KIMBELL RTY PARTNERS LP UNIT 49435R102 799 101056 SH DFND 101056 0 0 KIMBERLY CLARK CORP COM 494368103 253 1878 SH DFND 1878 0 0 KKR & CO INC COM 48251W104 205 5058 SH DFND 5058 0 0 KLA-TENCOR CORP COM NEW 482480100 1726 6665 SH DFND 6665 0 0 KRAFT HEINZ COMPANY COM 500754106 357 10304 SH DFND 10304 0 0 L3 HARRIS TECHNOLOGIES INC COM 502431109 1872 9905 SH DFND 9905 0 0 LAS VEGAS SANDS CORP COM 517834107 5048 84706 SH DFND 84706 0 0 LENDINGTREE INC NEW COM 52603B107 2254 8233 SH DFND 8233 0 0 LENNAR CORP CL A 526057104 414 5435 SH DFND 5435 0 0 LIBERTY MEDIA CORP DEL COM A BRAVES GRP 531229706 997 40098 SH DFND 40098 0 0 LIBERTY MEDIA CORP DEL COM C BRAVES GRP 531229888 1510 60689 SH DFND 60689 0 0 LIBERTY BROADBAND CORP COM SER A 530307107 9608 60970 SH DFND 60970 0 0 LIBERTY BROADBAND CORP COM SER C 530307305 46983 296667 SH DFND 296667 0 0 LIBERTY MEDIA CORP DEL COM SER A FRMLA 531229870 6607 173906 SH DFND 173906 0 0 LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 10076 236525 SH DFND 236525 0 0 LIBERTY LATIN AMERICA LTD COM CL C G9001E128 184 16598 SH DFND 16598 0 0 LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 42852 984869 SH DFND 984869 0 0 LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 19020 440390 SH DFND 440390 0 0 LINDE PLC COM G5494J103 415 1574 SH DFND 1574 0 0 LIONS GATE ENTMNT CORP CL B NON VTG 535919500 2591 249643 SH DFND 249643 0 0 LIVE NATION ENTERTAINMENT INC COM 538034109 49859 678543 SH DFND 678543 0 0 LOCKHEED MARTIN CORP COM 539830109 313 882 SH DFND 882 0 0 LOEWS CORP COM 540424108 318 7070 SH DFND 7070 0 0 MADISON SQUARE GARDEN SPORTS CP CL A 55825T103 7080 38460 SH DFND 38460 0 0 MADISON SQUARE GRDN ENTERTNM CL A 55826T102 3823 36394 SH DFND 36394 0 0 MANTECH INTL CORP CL A 564563104 2224 25000 SH DFND 25000 0 0 MARATHON PETE CORP COM 56585A102 312 7534 SH DFND 7534 0 0 MARKEL CORP COM 570535104 6589 6377 SH DFND 6377 0 0 MARKETAXESS HLDGS INC COM 57060D108 2853 5000 SH DFND 5000 0 0 MASTERCARD INC CL A 57636Q104 16175 45316 SH DFND 45316 0 0 MATCH GROUP INC NEW COM 57667L107 1087 7187 SH DFND 7187 0 0 MCDONALDS CORP COM 580135101 901 4200 SH DFND 4200 0 0 MERCK & COMPANY COM 58933Y105 3036 37117 SH DFND 37117 0 0 MESABI TR CTF BEN INT 590672101 40204 1433301 SH DFND 1433301 0 0 MFS HIGH INCOME MUN TR SH BEN INT 59318D104 2494 491878 SH DFND 491878 0 0 MICROSOFT COM 594918104 2796 12570 SH DFND 12570 0 0 MICROSTRATEGY INC CL A NEW 594972408 4136 10645 SH DFND 10645 0 0 MONDELEZ INTL INC CL A 609207105 1324 22640 SH DFND 22640 0 0 MORGAN STANLEY NEW COM NEW 617446448 202 2943 SH DFND 2943 0 0 MOVADO GROUP INC COM 624580106 498 29972 SH DFND 29972 0 0 MSG NETWORK INC CL A 553573106 956 64877 SH DFND 64877 0 0 NASDAQ INC COM 631103108 4338 32682 SH DFND 32682 0 0 NAVIGATOR HOLDINGS LTD SHS Y62132108 8000 730560 SH DFND 730560 0 0 NEUBERGER BERMAN MUNI FD INC COM 64124P101 541 35562 SH DFND 35562 0 0 NEUBERGER BERMAN NY MUN FD INC COM 64124K102 364 29549 SH DFND 29549 0 0 NEWELL BRANDS INC COM 651229106 280 13191 SH DFND 13191 0 0 NEWMONT CORP COM 651639106 1746 29158 SH DFND 29158 0 0 NEXTERA ENERGY INC COM 65339F101 348 4516 SH DFND 4516 0 0 NORFOLK SOUTHN CORP COM 655844108 1161 4886 SH DFND 4886 0 0 NOVARTIS AG SPONSORED ADR 66987V109 2083 22060 SH DFND 22060 0 0 NOVO-NORDISK A S ADR 670100205 541 7740 SH DFND 7740 0 0 NUTRIEN LTD COM 67077M108 1144 23752 SH DFND 23752 0 0 NUVEEN AMT-FREE QLTY MUN INCOME COM 670657105 8132 538518 SH DFND 538518 0 0 NUVEEN DIV QLTY MUNI FD 3 COM SH BEN INT 67070X101 1051 65221 SH DFND 65221 0 0 NUVEEN DIVID AMT FREE MUNI CRED INC FD COM 67071L106 347 20690 SH DFND 20690 0 0 NUVEEN FLTNG RTE INCM OPP FDCOM COM SHS 6706EN100 512 59169 SH DFND 59169 0 0 NUVEEN INT DUR QUAL MUN TRM COM 670677103 311 21130 SH DFND 21130 0 0 NUVEEN INTER DURATION MN TMF COM 670671106 995 71660 SH DFND 71660 0 0 NUVEEN MUN HIGH INC OPP FD COM 670682103 186 12869 SH DFND 12869 0 0 NUVEEN MUN VALUE FD INC COM 670928100 146 13198 SH DFND 13198 0 0 NUVEEN NY AMT FREE QLTY MUN INC FD COM 670656107 1336 98746 SH DFND 98746 0 0 NUVEEN NY QLTY INCOME FD COM 67066X107 709 50071 SH DFND 50071 0 0 NUVEEN PREFERRED & INCOME SECURITIES FD COM 67072C105 215 22113 SH DFND 22113 0 0 NUVEEN QUALITY MUNI INC FD COM 67066V101 2623 170676 SH DFND 170676 0 0 NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 230 21500 SH DFND 21500 0 0 NUVEEN SR INCOME FD COM 67067Y104 546 105209 SH DFND 105209 0 0 NUVEEN TAXABLE MUNICIPAL INC FUND COM 67074C103 3307 139230 SH DFND 139230 0 0 NVIDIA CORP COM 67066G104 389 744 SH DFND 744 0 0 OCCIDENTAL PETE CORP COM 674599105 185 10686 SH DFND 10686 0 0 OSHKOSH CORP COM 688239201 15156 176094 SH DFND 176094 0 0 OSISKO GOLD ROYALTIES LTD COM 68827L101 188 14861 SH DFND 14861 0 0 PACIFIC BIOSCIENCES CALIF IN COM 69404D108 311 12000 SH DFND 12000 0 0 PATTERSON UTI ENERGY INC COM 703481101 2181 414562 SH DFND 414562 0 0 PAYPAL HLDGS INC COM 70450Y103 19859 84797 SH DFND 84797 0 0 PCM FUND INC COM 69323T101 335 31256 SH DFND 31256 0 0 PENSKE AUTOMOTIVE GRP INC COM 70959W103 15017 252855 SH DFND 252855 0 0 PEPSICO INC COM 713448108 1792 12084 SH DFND 12084 0 0 PERMIAN BASIN RTY TR UNIT BEN INT 714236106 1288 388996 SH DFND 388996 0 0 PFIZER INC COM 717081103 2040 55432 SH DFND 55432 0 0 PHILIP MORRIS INTL INC COM 718172109 2016 24353 SH DFND 24353 0 0 PIMCO DYNAMIC CREDIT AND MORTGAGE INCOME FD COM SHS 72202D106 1032 48675 SH DFND 48675 0 0 PIMCO DYNAMIC INCOME FD SHS 72201Y101 3080 116531 SH DFND 116531 0 0 PIMCO ETF TR ENHAN SHRT MA AC 72201R833 491 4816 SH DFND 4816 0 0 PIMCO INCOME OPPORTUNITY FD COM 72202B100 2273 89951 SH DFND 89951 0 0 PIMCO INCOME STRATEGY FUND COM 72201H108 2085 182219 SH DFND 182219 0 0 PIMCO INCOME STRATEGY FUND II COM 72201J104 4342 437253 SH DFND 437253 0 0 PIMCO MUN INCOME FD II COM 72200W106 215 15050 SH DFND 15050 0 0 PIMCO NY MUNICIPAL INCOME FD COM 72200T103 526 45052 SH DFND 45052 0 0 PIONEER MUN HIGH INC ADV TR COM 723762100 154 13260 SH DFND 13260 0 0 PIONEER MUN HIGH INCOME TR COM SHS 723763108 362 29085 SH DFND 29085 0 0 POTLATCHDELTIC CORP NEW COM 737630103 669 13372 SH DFND 13372 0 0 PROSHARES TR SHT VIX ST TRM 74347W130 51412 1240645 SH DFND 1240645 0 0 QUALCOMM INC COM 747525103 206 1354 SH DFND 1354 0 0 QUEST DIAGNOSTICS INC COM 74834L100 585 4912 SH DFND 4912 0 0 RAYONIER ADVANCED MATLS INC COM 75508B104 974 149450 SH DFND 149450 0 0 RAYONIER INC COM 754907103 2818 95903 SH DFND 95903 0 0 RAYTHEON TECHNOLOGIES CORP COM 75513E101 837 11709 SH DFND 11709 0 0 RENN FUND INC COM 759720105 142 82842 SH DFND 82842 0 0 RESIDEO TECHNOLOGIES INC COM 76118Y104 1834 86282 SH DFND 86282 0 0 RESTAURANT BRANDS INTL INC COM 76131D103 344 5636 SH DFND 5636 0 0 RITCHIE BROS AUCTIONEERS COM 767744105 3169 45561 SH DFND 45561 0 0 ROCKWELL AUTOMATION INC COM 773903109 1266 5048 SH DFND 5048 0 0 ROYAL CARIBBEAN GROUP COM V7780T103 1137 15221 SH DFND 15221 0 0 ROYAL GOLD INC COM 780287108 17991 169150 SH DFND 169150 0 0 ROYCE MICRO-CAP TR INC COM 780915104 4229 417867 SH DFND 417867 0 0 S&P GLOBAL INC COM 78409V104 475 1445 SH DFND 1445 0 0 SABINE ROYALTY TR UNIT BEN INT 785688102 279 9875 SH DFND 9875 0 0 SANDSTORM GOLD LTD COM NEW 80013R206 18351 2559458 SH DFND 2559458 0 0 SANOFI SPONSORED ADR 80105N105 826 17000 SH DFND 17000 0 0 SCIENCE APPLICATNS INTL CP N COM 808625107 39474 417095 SH DFND 417095 0 0 SCRIPPS E W CO OHIO CL A NEW 811054402 734 48000 SH DFND 48000 0 0 SEALED AIR CORP NEW COM 81211K100 1602 34985 SH DFND 34985 0 0 SIMULATIONS PLUS INC COM 829214105 314 4367 SH DFND 4367 0 0 SONOCO PRODUCTS COM 835495102 1306 22050 SH DFND 22050 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 3105 17410 SH DFND 17410 0 0 SPDR SER TR PORTFOLIO SHORT 78464A474 754 24000 SH DFND 24000 0 0 SPROTT INC COM NEW 852066208 222 7665 SH DFND 7665 0 0 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 469 31070 SH DFND 31070 0 0 SQUARE INC CL A 852234103 285 1308 SH DFND 1308 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 2205 5898 SH DFND 5898 0 0 STONECO LTD COM CL A G85158106 971 11570 SH DFND 11570 0 0 STRYKER CORP COM 863667101 490 2000 SH DFND 2000 0 0 SUNCOR ENERGY INC NEW COM 867224107 983 58610 SH DFND 58610 0 0 TELEFLEX INC COM 879369106 875 2126 SH DFND 2126 0 0 TEXAS PACIFIC LAND TRUST SUB CTF PROP IT 882610108 1167775 1606293 SH DFND 1606293 0 0 TORONTO DOMINION BK ONT COM NEW 891160509 1140 20200 SH DFND 20200 0 0 TRI POINTE HOMES INC COM 87265H109 3106 180062 SH DFND 180062 0 0 TRILOGY METALS INC COM 89621C105 34 16755 SH DFND 16755 0 0 UNION PACIFIC CORP COM 907818108 1809 8687 SH DFND 8687 0 0 UNITED PARCEL SVC INC CL B 911312106 418 2480 SH DFND 2480 0 0 UNITEDHEALTH GROUP INC COM 91324P102 219 625 SH DFND 625 0 0 VAIL RESORTS INC COM 91879Q109 352 1262 SH DFND 1262 0 0 VALMONT INDS INC COM 920253101 429 2450 SH DFND 2450 0 0 VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 3735 68854 SH DFND 68854 0 0 VANECK VECTORS ETF TR OIL SVCS ETF 92189H607 503 3268 SH DFND 3268 0 0 VANECK VECTORS GOLD MINERS ETF 92189F106 4593 127525 SH DFND 127525 0 0 VANGUARD INDEX FDS EXTEND MKT ETF 922908652 2462 14953 SH DFND 14953 0 0 VANGUARD INDEX FDS GROWTH ETF 922908736 646 2551 SH DFND 2551 0 0 VANGUARD INDEX FDS S&P500 ETF SHS 922908363 2122 6174 SH DFND 6174 0 0 VANGUARD INDEXFDS TOTAL STK MKT 922908769 999 5133 SH DFND 5133 0 0 VANGUARD SCOTTSDALE FD SHORT TERM TREAS 92206C102 12541 203584 SH DFND 203584 0 0 VANGUARD SCOTTSDALE FD SHRT TRM CORP BD 92206C409 1825 21919 SH DFND 21919 0 0 VERISK ANALYTICS INC CL A 92345Y106 1453 7000 SH DFND 7000 0 0 VERIZON COMMUNICATIONS COM 92343V104 1433 24389 SH DFND 24389 0 0 VIACOMCBS INC CL B 92556H206 493 13223 SH DFND 13223 0 0 VIASAT INC COM 92552V100 471 14440 SH DFND 14440 0 0 VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 1007 86651 SH DFND 86651 0 0 VISA INC COM CL A 92826C839 6959 31817 SH DFND 31817 0 0 W P CAREY INC COM 92936U109 847 12000 SH DFND 12000 0 0 WALMART INC COM 931142103 633 4390 SH DFND 4390 0 0 WELBILT INC COM 949090104 269 20416 SH DFND 20416 0 0 WENDYS COMPANY COM 95058W100 47855 2183150 SH DFND 2183150 0 0 WEYERHAEUSER CO COM NEW 962166104 2244 66911 SH DFND 66911 0 0 WHEATON PRECIOUS METALS CORP COM 962879102 105758 2533743 SH DFND 2533743 0 0 WHITE MOUNTAINS INSURANCE GROUP LTD COM G9618E107 1034 1033 SH DFND 1033 0 0 WILLIAMS COS INC COM 969457100 3189 159047 SH DFND 159047 0 0 WSTRN ASSET INFLATION LINKED OPPORT INC FD COM 95766R104 340 27425 SH DFND 27425 0 0 WYNN RESORTS LTD COM 983134107 427 3782 SH DFND 3782 0 0 BARCLAYS BANK PLC IPTH SR B S&P 06746P621 8708 217700 SH Call DFND 217700 0 0 PROSHARES TR II ULTRA VIX SHORT 74347W148 1698 56600 SH Call DFND 56600 0 0 PROSHARES TR II VIX SH TRM FUTRS 74347W171 795 26500 SH Call DFND 26500 0 0 UNITED STS NAT GAS FD LP UNIT PAR 912318300 1247 75700 SH Call DFND 75700 0 0 UNITED STS OIL FD LP UNITS 91232N207 2073 55200 SH Call DFND 55200 0 0