0001056823-20-000073.txt : 20200513 0001056823-20-000073.hdr.sgml : 20200513 20200513143038 ACCESSION NUMBER: 0001056823-20-000073 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200513 DATE AS OF CHANGE: 20200513 EFFECTIVENESS DATE: 20200513 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: 20872443 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 03-31-2020 03-31-2020 HORIZON KINETICS ASSET MANAGEMENT LLC

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

13F HOLDINGS REPORT 028-06986 N Jay Kesslen 6468671176 Jay Kesslen New York NY 05-13-2020 1 440 2258464 false 1 0000019481 028-00085 Virtus Investment Advisers, Inc. INFORMATION TABLE 2 form13fhr-infoTable.xml 3M CO COM 88579Y101 314 2302 SH DFND 2302 0 0 A T & T INC COM 00206R102 675 23146 SH DFND 23146 0 0 ABB LTD SPONSORED ADR 000375204 722 41853 SH DFND 41853 0 0 ABBOTT LABS COM 002824100 1535 19455 SH DFND 19455 0 0 ABBVIE INC COM 00287Y109 2526 33151 SH DFND 33151 0 0 ADVANCED MICRO DEVICES INC COM 007903107 343 7544 SH DFND 7544 0 0 AIR LEASE CORP CL A 00912X302 234 10561 SH OTR 1 0 10561 0 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 359 1846 SH DFND 1846 0 0 ALICO INC COM 016230104 695 22400 SH DFND 22400 0 0 ALKERMES PLC COM G01767105 303 21000 SH DFND 21000 0 0 ALLEGHANY CORP COM 017175100 3991 7226 SH DFND 7226 0 0 ALPHABET INC CL A 02079K305 7723 6647 SH DFND 6647 0 0 ALPHABET INC CL C 02079K107 7361 6331 SH DFND 6331 0 0 ALPHABET INC CL C 02079K107 163 140 SH OTR 1 0 140 0 ALTRIA GROUP INC COM 02209S103 1531 39602 SH DFND 39602 0 0 AMAZON COM INC COM 023135106 1320 677 SH DFND 677 0 0 AMAZON COM INC COM 023135106 162 83 SH OTR 1 0 83 0 AMC NETWORKS INC CL A 00164V103 6029 247985 SH DFND 247985 0 0 AMC NETWORKS INC CL A 00164V103 136 5604 SH OTR 1 0 5604 0 AMERICAN EAGLE OUTFITTERS IN COM 02553E106 136 17050 SH OTR 1 0 17050 0 AMERICAN EXPRESS COMPANY COM 025816109 984 11493 SH DFND 11493 0 0 AMERICAN FINL GROUP INC COM 025932104 208 2972 SH OTR 1 0 2972 0 AMERICAN TOWER REIT COM 03027X100 289 1325 SH DFND 1325 0 0 AMGEN INC COM 031162100 1022 5041 SH DFND 5041 0 0 AMKOR TECHNOLOGY INC COM 031652100 188 24137 SH OTR 1 0 24137 0 ANALOG DEVICES INC COM 032654105 540 6025 SH DFND 6025 0 0 APPLE INC COM 037833100 3034 11931 SH DFND 11931 0 0 APYX MED CORP COM 03837C106 2208 615000 SH DFND 615000 0 0 AQUABOUNTY TECHNOLOGIES INC COM NEW 03842K200 154 94468 SH OTR 1 0 94468 0 ARES CAP CORP COM 04010L103 116 10750 SH DFND 10750 0 0 ASSOCIATED CAP GROUP INC CL A 045528106 44343 1449128 SH DFND 1449128 0 0 ASTRAZENECA PLC SPONSORED ADR 046353108 950 21263 SH DFND 21263 0 0 ATLAS CORP SHS Y0436Q109 182 23688 SH OTR 1 0 23688 0 AUTONATION INC COM 05329W102 168 5992 SH OTR 1 0 5992 0 AUTONATION INC COM 05329W102 55 1950 SH DFND 1950 0 0 BALCHEM CORP COM 057665200 3717 37654 SH DFND 37654 0 0 BANCO SANTANDER ADR 05964H105 244 103973 SH DFND 103973 0 0 BANK AMER CORP COM 060505104 1211 57054 SH DFND 57054 0 0 BARRICK GOLD CORP COM 067901108 300 16354 SH DFND 16354 0 0 BAXTER INTL INC COM 071813109 695 8558 SH DFND 8558 0 0 BEL FUSE INC CL B 077347300 328 33718 SH DFND 33718 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 2992 11 SH DFND 11 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 18137 99204 SH DFND 99204 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 164 895 SH OTR 1 0 895 0 BGC PARTNERS INC CL A 05541T101 7235 2871225 SH DFND 2871225 0 0 BIOGEN INC COM 09062X103 1305 4124 SH DFND 4124 0 0 BLACK KNIGHT INC COM 09215C105 757 13038 SH DFND 13038 0 0 BLACK STONE MINERALS L P COM UNIT 09225M101 871 186160 SH DFND 186160 0 0 BLACKROCK CREDIT ALL INC TR COM 092508100 607 52016 SH DFND 52016 0 0 BLACKROCK FLOAT RATE OME STR COM 09255X100 675 67459 SH DFND 67459 0 0 BLACKROCK FLOATING RATE INCOME COM 091941104 124 12678 SH DFND 12678 0 0 BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 924 40730 SH DFND 40730 0 0 BLACKROCK MUN INC INVESTMENT QUALITY TRUST COM 09250G102 1067 76614 SH DFND 76614 0 0 BLACKROCK MUNI INTER DR FD I COM 09253X102 1124 86083 SH DFND 86083 0 0 BLACKROCK MUNICIPAL INCOME INVEST TRUST COM 09248H105 131 10666 SH DFND 10666 0 0 BLACKROCK MUNICIPL INC QLTY COM 092479104 239 18053 SH DFND 18053 0 0 BLACKROCK MUNIHLDGS INVESTMENT QUALITY FUND COM 09254P108 533 40758 SH DFND 40758 0 0 BLACKROCK MUNIHLDGS QUALITY FUND II INC COM 09254C107 1264 105310 SH DFND 105310 0 0 BLACKROCK MUNIHLDGS QUALITY FUND INC COM 09254A101 1002 83878 SH DFND 83878 0 0 BLACKROCK MUNIYIELD QLTY FD COM 09254E103 814 63696 SH DFND 63696 0 0 BLACKROCK MUNIYIELD QUALITY COM 09254G108 400 32414 SH DFND 32414 0 0 BLACKROCK NY MUN INC QUALITY TRUST COM 09249U105 242 19374 SH DFND 19374 0 0 BLACKSTONE GROUP INC COM CL A 09260D107 397 8722 SH DFND 8722 0 0 BLACKSTONE MTG TR INC COM CL A 09257W100 310 16641 SH DFND 16641 0 0 BOEING CO COM 097023105 5681 38094 SH DFND 38094 0 0 BOK FINL CORP COM NEW 05561Q201 167 3924 SH OTR 1 0 3924 0 BOK FINL CORP COM NEW 05561Q201 65 1533 SH DFND 1533 0 0 BOSTON OMAHA CORP COM 101044105 522 28821 SH DFND 28821 0 0 BP PLC SPONSORED ADR 055622104 1222 50102 SH DFND 50102 0 0 BRISTOL MYERS SQUIBBCO COM 110122108 2950 52922 SH DFND 52922 0 0 BROADRIDGE FINL SOLUTIONS INC COM 11133T103 433 4564 SH DFND 4564 0 0 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 59910 2030857 SH DFND 2030857 0 0 BROOKFIELD INFRASTRUCTURE PARTNERS LP LP INT UNIT G16252101 1686 46861 SH DFND 46861 0 0 BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 181 22439 SH DFND 22439 0 0 BROOKFIELD PROPERTY REIT INC CL A 11282X103 145 17068 SH DFND 17068 0 0 BROOKFIELD REAL ASSETS INCOME FUND SHS BEN INT 112830104 366 24924 SH DFND 24924 0 0 CABLE ONE INC COM 12685J105 253 154 SH DFND 154 0 0 CACI INTL INC CL A 127190304 88380 418563 SH DFND 418563 0 0 CAPITAL SOUTHWEST CORP COM 140501107 212 18600 SH DFND 18600 0 0 CARNIVAL CORP UNIT 99/99/9999 143658300 366 27791 SH DFND 27791 0 0 CARNIVAL CORP UNIT 99/99/9999 143658300 206 15658 SH OTR 1 0 15658 0 CATERPILLAR INC COM 149123101 1013 8727 SH DFND 8727 0 0 CBOE GLOBAL MARKETS INC COM 12503M108 45556 510431 SH DFND 510431 0 0 CENTERPOINT ENERGY INC COM 15189T107 590 38205 SH DFND 38205 0 0 CHARLES RIV LABS INTL INC COM 159864107 4883 38691 SH DFND 38691 0 0 CHENIERE ENERGY INC COM NEW 16411R208 24041 717635 SH DFND 717635 0 0 CHENIERE ENERGY INC COM NEW 16411R208 165 4928 SH OTR 1 0 4928 0 CHENIERE ENERGY INC NOTE 4.250% 3/1 16411RAG4 25614 52257500 PRN DFND 52257500 0 0 CHEVRON CORP COM 166764100 1265 17463 SH DFND 17463 0 0 CISCO SYSTEMS INC COM 17275R102 2238 56921 SH DFND 56921 0 0 CIVEO CORP CDA COM COM 17878Y108 17504 42495252 SH DFND 42495252 0 0 CLEARBRIDGE MLP AND MIDSTREAM FUND INC COM 184692101 155 84511 SH DFND 84511 0 0 CLEARBRIDGE MLP AND MIDSTREAM TR FD INC COM 18469Q108 350 253711 SH DFND 253711 0 0 CLOUDERA INC COM 18914U100 181 23055 SH OTR 1 0 23055 0 CLOUDERA INC COM 18914U100 3 400 SH DFND 400 0 0 CME GROUP INC COM 12572Q105 32584 188443 SH DFND 188443 0 0 CMS ENERGY CORP COM 125896100 1206 20525 SH DFND 20525 0 0 COHEN & STEERS QUALITY RLTY COM 19247L106 924 102191 SH DFND 102191 0 0 COLFAX CORP COM 194014106 2152 108671 SH DFND 108671 0 0 COLFAX CORP COM 194014106 193 9772 SH OTR 1 0 9772 0 COLONY CAPITAL INC CL A COM 19626G108 187 106971 SH OTR 1 0 106971 0 COMCAST CORP NEW CL A 20030N101 322 9369 SH DFND 9369 0 0 COMCAST CORP NEW CL A 20030N101 149 4347 SH OTR 1 0 4347 0 CONDUENT INC COM 206787103 205 83691 SH OTR 1 0 83691 0 CONTINENTAL RESOURCES INC COM 212015101 131 17190 SH OTR 1 0 17190 0 CONTINENTAL RESOURCES INC COM 212015101 9 1200 SH DFND 1200 0 0 CORELOGIC INC COM 21871D103 592 19369 SH DFND 19369 0 0 COSTAMARE INC SHS Y1771G102 1125 248979 SH DFND 248979 0 0 COVANTA HLDG CORP COM 22282E102 149 17463 SH OTR 1 0 17463 0 COVANTA HLDG CORP COM 22282E102 2 250 SH DFND 250 0 0 CRISPR THERAPEUTICS AG NAMEN AKT H17182108 217 5125 SH DFND 5125 0 0 CSW INDUSTRIALS INC COM 126402106 988 15235 SH DFND 15235 0 0 CSX CORP COM 126408103 251 4373 SH DFND 4373 0 0 CUBIC CORP COM 229669106 458 11077 SH DFND 11077 0 0 CVS HEALTH CORP COM 126650100 1118 18837 SH DFND 18837 0 0 CYCLERION THERAPEUTICS INC COM 23255M105 194 73336 SH DFND 73336 0 0 DANAHER CORP COM 235851102 1559 11263 SH DFND 11263 0 0 DANAHER CORP COM 235851102 174 1260 SH OTR 1 0 1260 0 DESIGNER BRANDS INC CL A 250565108 134 26826 SH OTR 1 0 26826 0 DIAMOND OFFSHORE DRILLNG INC COM 25271C102 32 17359 SH DFND 17359 0 0 DISCOVERY INC COM SER A 25470F104 3231 166209 SH DFND 166209 0 0 DISCOVERY INC COM SER C 25470F302 1369 78060 SH DFND 78060 0 0 DISCOVERY INC COM SER C 25470F302 145 8282 SH OTR 1 0 8282 0 DISH NETWORK CORP CL A 25470M109 1341 67090 SH DFND 67090 0 0 DISH NETWORK CORP CL A 25470M109 143 7159 SH OTR 1 0 7159 0 DISNEY WALT CO DISNEY COM DISNEY 254687106 1751 18127 SH DFND 18127 0 0 DORCHESTER MINERALS LP COM UNIT 25820R105 6397 687111 SH DFND 687111 0 0 DORMAN PRODUCTS INC COM 258278100 1154 20871 SH DFND 20871 0 0 DOUBLELINE INCOME SOLUTIONS COM 258622109 4488 336450 SH DFND 336450 0 0 DOUBLELINE OPPORTUNISTIC CR COM 258623107 7135 417250 SH DFND 417250 0 0 DOW INC COM 260557103 325 11109 SH DFND 11109 0 0 DUFF & PHELPS SLCT MLP & MIDSTREAM ENGY FD COM 26433F108 29 79065 SH DFND 79065 0 0 DUFF & PHELPS UTIL CORP BD T COM 26432K108 104 12425 SH DFND 12425 0 0 EATON VANCE FLTING RATE INC COM 278279104 105 10200 SH DFND 10200 0 0 EATON VANCE LTD DUR INCOME F COM 27828H105 149 14125 SH DFND 14125 0 0 EATON VANCE MUN BD FD COM 27827X101 282 22636 SH DFND 22636 0 0 EATON VANCE NY MUN BD FD COM 27827Y109 302 26082 SH DFND 26082 0 0 EATON VANCE SR FLTNG RTE TR COM 27828Q105 198 20001 SH DFND 20001 0 0 EATON VANCE SR INCOME TR SH BEN INT 27826S103 119 25848 SH DFND 25848 0 0 ECHOSTAR CORP CL A 278768106 6667 208554 SH DFND 208554 0 0 ECHOSTAR CORP CL A 278768106 168 5248 SH OTR 1 0 5248 0 ELEMENT SOLUTIONS INC COM 28618M106 176 21039 SH OTR 1 0 21039 0 ELEMENT SOLUTIONS INC COM 28618M106 97 11580 SH DFND 11580 0 0 ELI LILLY AND COMPANY COM 532457108 1825 13154 SH DFND 13154 0 0 EMERSON ELEC CO COM 291011104 1003 21042 SH DFND 21042 0 0 ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 657 142829 SH DFND 142829 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 838 58613 SH DFND 58613 0 0 EQUITY COMMONWEALTH COM SH BEN INT 294628102 1158 36512 SH DFND 36512 0 0 EQUITY LIFESTYLE PPTYS INC COM 29472R108 13411 233309 SH DFND 233309 0 0 EQUITY LIFESTYLE PPTYS INC COM 29472R108 193 3361 SH OTR 1 0 3361 0 EXPEDIA GROUP INC COM NEW 30212P303 812 14427 SH DFND 14427 0 0 EXPEDIA GROUP INC COM NEW 30212P303 182 3232 SH OTR 1 0 3232 0 EXTERRAN CORP COM 30227H106 151 31387 SH OTR 1 0 31387 0 EXXON MOBIL CORP COM 30231G102 3664 96499 SH DFND 96499 0 0 FACEBOOK INC CL A 30303M102 300 1796 SH DFND 1796 0 0 FACEBOOK INC CL A 30303M102 170 1022 SH OTR 1 0 1022 0 FEDERATED PREM MUN INC FD COM 31423P108 544 41657 SH DFND 41657 0 0 FEDEX CORP COM 31428X106 170 1402 SH OTR 1 0 1402 0 FEDEX CORP COM 31428X106 57 466 SH DFND 466 0 0 FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 951 38206 SH DFND 38206 0 0 FIDELITY NATL INFORMATION SVC COM 31620M106 496 4074 SH DFND 4074 0 0 FLOWERS FOODS INC COM 343498101 420 20462 SH DFND 20462 0 0 FORTIVE CORP COM 34959J108 273 4941 SH DFND 4941 0 0 FORTIVE CORP COM 34959J108 187 3391 SH OTR 1 0 3391 0 FRANCO NEVADA CORP COM 351858105 111764 1123031 SH DFND 1123031 0 0 FREEPORT MCMORAN INC CL B 35671D857 645 95596 SH DFND 95596 0 0 GAMCO INVESTORS INC CL A COM 361438104 1682 153004 SH DFND 153004 0 0 GAMING & LEISURE PPTYS INC COM 36467J108 247 8903 SH OTR 1 0 8903 0 GANNETT CO INC NEW COM 36472T109 25 16883 SH DFND 16883 0 0 GAP INC COM 364760108 136 19354 SH OTR 1 0 19354 0 GCI LIBERTY INC COM CL A 36164V305 5788 101596 SH DFND 101596 0 0 GCI LIBERTY INC COM CL A 36164V305 202 3550 SH OTR 1 0 3550 0 GDL FUND COM SH BEN INT 361570104 178 22718 SH DFND 22718 0 0 GENERAL DYNAMICS CORP COM 369550108 512 3867 SH DFND 3867 0 0 GENERAL ELECTRIC CO COM 369604103 670 84418 SH DFND 84418 0 0 GENERAL MLS INC COM 370334104 237 4500 SH DFND 4500 0 0 GENERAL MTRS CO COM 37045V100 633 30450 SH DFND 30450 0 0 GENUINE PARTS CO COM 372460105 274 4075 SH DFND 4075 0 0 GILEAD SCIENCES INC COM 375558103 890 11900 SH DFND 11900 0 0 GLADSTONE LD CORP COM 376549101 664 56012 SH DFND 56012 0 0 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 868 22896 SH DFND 22896 0 0 GRAHAM HLDGS CO COM 384637104 385 1129 SH DFND 1129 0 0 GRAINGER W W INC COM 384802104 447 1800 SH DFND 1800 0 0 GRAINGER W W INC COM 384802104 166 666 SH OTR 1 0 666 0 GRAN TIERRA ENERGY INC COM 38500T101 7 26493 SH DFND 26493 0 0 GREEN BRICK PARTNERS INC COM 392709101 95 11800 SH DFND 11800 0 0 GREENLANE HLDGS INC CL A 395330103 17 10000 SH DFND 10000 0 0 GREENLIGHT CAPITAL RE LTD CL A G4095J109 160 26850 SH OTR 1 0 26850 0 GREENLIGHT CAPITAL RE LTD CL A G4095J109 0 70 SH DFND 70 0 0 HERC HLDGS INC COM 42704L104 219 10723 SH OTR 1 0 10723 0 HERTZ GLOBAL HOLDINGS INC COM 42806J106 233 37657 SH OTR 1 0 37657 0 HEXCEL CORP NEW COM 428291108 287 7725 SH DFND 7725 0 0 HILLTOP HOLDINGS INC COM 432748101 180 11904 SH OTR 1 0 11904 0 HONEYWELL INTL INC COM 438516106 1428 10674 SH DFND 10674 0 0 HOST MARRIOTT CORP NEW COM 44107P104 167 15101 SH OTR 1 0 15101 0 HOSTESS BRANDS INC CL A 44109J106 162 15242 SH OTR 1 0 15242 0 HOWARD HUGHES CORP COM 44267D107 69487 1375431 SH DFND 1375431 0 0 HOWARD HUGHES CORP COM 44267D107 174 3450 SH OTR 1 0 3450 0 IAC INTERACTIVECORP COM 44919P508 788 4399 SH DFND 4399 0 0 IAC INTERACTIVECORP COM 44919P508 200 1118 SH OTR 1 0 1118 0 ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 59675 1232437 SH DFND 1232437 0 0 IHS MARKIT LTD SHS G47567105 5533 92223 SH DFND 92223 0 0 INTEL CORP COM 458140100 518 9579 SH DFND 9579 0 0 INTER PARFUMS INC COM 458334109 9178 198023 SH DFND 198023 0 0 INTERCONTINENTAL EXCHANGE INC COM 45866F104 7289 90262 SH DFND 90262 0 0 INTL FLAVORS & FRAGRANCES COM 459506101 475 4650 SH DFND 4650 0 0 INTUITIVE SURGICAL INC COM 46120E602 292 590 SH DFND 590 0 0 INVESCO INSURED MUNICIPAL INCOME TRUST COM 46132P108 511 36163 SH DFND 36163 0 0 INVESCO QUALITY MUNI INC TR COM 46133G107 680 58055 SH DFND 58055 0 0 INVESCO S&P 500 EQL WGT ETF S&P500 EQL WGT 46137V357 664 7905 SH DFND 7905 0 0 INVESCO VAN KAMPEN SENIOR INCOME TRUST COM 46131H107 41 12790 SH DFND 12790 0 0 INVESCO VAN KAMPEN TRUST INVESTMENT GRADE NE COM 46131T101 126 10414 SH DFND 10414 0 0 IONIS PHARMACEUTICALS INC COM 462222100 567 12000 SH DFND 12000 0 0 IRON MTN INC NEW COM 46284V101 446 18758 SH DFND 18758 0 0 ISHARES TR MORTGE REL ETF 46435G342 4786 255928 SH DFND 255928 0 0 ISHARES TR SH TR CRPORT ETF 464288646 2827 54000 SH DFND 54000 0 0 ISHARES TR ISHARES 46428Q109 874 66976 SH DFND 66976 0 0 ISHARES TR SHORT TREAS BD 464288679 19230 173209 SH DFND 173209 0 0 ISHARES TR MSCI ACWI ETF 464288257 35786 571930 SH DFND 571930 0 0 ISHARES TR MICRO-CAP ETF 464288869 251 3738 SH DFND 3738 0 0 JEFFRIES FINL GROUP INC COM 47233W109 372 27212 SH DFND 27212 0 0 JEFFRIES FINL GROUP INC COM 47233W109 156 11425 SH OTR 1 0 11425 0 JOHNSON & JOHNSON COM 478160104 3276 24984 SH DFND 24984 0 0 JP MORGAN CHASE & CO COM 46625H100 797 8850 SH DFND 8850 0 0 JP MORGAN EXCHANGE TRADED FDULTRA SHRT INC ULTRA SHRT INC 46641Q837 1954 39346 SH DFND 39346 0 0 KADMON HLDGS INC COM 48283N106 376 89733 SH DFND 89733 0 0 KAYNE ANDERSON MDSTM ENERGY FD INC COM 48661E108 202 60580 SH DFND 60580 0 0 KAYNE ANDERSON MLP INVSMNT C COM 486606106 381 105074 SH DFND 105074 0 0 KIMBELL RTY PARTNERS LP UNIT 49435R102 1518 260460 SH DFND 260460 0 0 KIMBERLY CLARK CORP COM 494368103 360 2813 SH DFND 2813 0 0 KLA-TENCOR CORP COM NEW 482480100 1289 8965 SH DFND 8965 0 0 KRAFT HEINZ COMPANY COM 500754106 620 25044 SH DFND 25044 0 0 L BRANDS INC COM 501797104 168 14556 SH OTR 1 0 14556 0 L3 HARRIS TECHNOLOGIES INC COM 502431109 1869 10375 SH DFND 10375 0 0 LANDS END INC NEW COM 51509F105 123 23061 SH OTR 1 0 23061 0 LANDS END INC NEW COM 51509F105 4 764 SH DFND 764 0 0 LAS VEGAS SANDS CORP COM 517834107 3762 88588 SH DFND 88588 0 0 LAS VEGAS SANDS CORP COM 517834107 165 3878 SH OTR 1 0 3878 0 LENDINGTREE INC NEW COM 52603B107 1510 8233 SH DFND 8233 0 0 LENNAR CORP CL A 526057104 189 4944 SH OTR 1 0 4944 0 LENNAR CORP CL A 526057104 104 2725 SH DFND 2725 0 0 LIBERTY MEDIA CORP DEL COM A BRAVES GRP 531229706 1189 60958 SH DFND 60958 0 0 LIBERTY MEDIA CORP DEL COM C BRAVES GRP 531229888 2802 146994 SH DFND 146994 0 0 LIBERTY MEDIA CORP DEL COM C BRAVES GRP 531229888 189 9922 SH OTR 1 0 9922 0 LIBERTY BROADBAND CORP COM SER A 530307107 9431 88140 SH DFND 88140 0 0 LIBERTY BROADBAND CORP COM SER C 530307305 48228 435582 SH DFND 435582 0 0 LIBERTY BROADBAND CORP COM SER C 530307305 180 1627 SH OTR 1 0 1627 0 LIBERTY MEDIA CORP DEL COM SER A FRMLA 531229870 5329 206408 SH DFND 206408 0 0 LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 8387 308021 SH DFND 308021 0 0 LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 177 6516 SH OTR 1 0 6516 0 LIBERTY LATIN AMERICA LTD COM CL C G9001E128 170 16601 SH DFND 16601 0 0 LIBERTY LATIN AMERICA LTD COM CL C G9001E128 169 16455 SH OTR 1 0 16455 0 LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 59759 1889904 SH DFND 1889904 0 0 LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 170 5361 SH OTR 1 0 5361 0 LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 20244 638811 SH DFND 638811 0 0 LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 223 123854 SH OTR 1 0 123854 0 LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 2 1302 SH DFND 1302 0 0 LINDE PLC COM G5494J103 262 1515 SH DFND 1515 0 0 LIONS GATE ENTMNT CORP CL B NON VTG 535919500 2223 398406 SH DFND 398406 0 0 LIONS GATE ENTMNT CORP CL B NON VTG 535919500 139 24846 SH OTR 1 0 24846 0 LIVE NATION ENTERTAINMENT INC. COM 538034109 39543 869842 SH DFND 869842 0 0 LOCKHEED MARTIN CORP COM 539830109 830 2450 SH DFND 2450 0 0 LOEWS CORP COM 540424108 1362 39096 SH DFND 39096 0 0 LOEWS CORP COM 540424108 146 4191 SH OTR 1 0 4191 0 MACYS INC COM 55616P104 64 12950 SH DFND 12950 0 0 MADISON SQUARE GARDEN SPORTS CP CL A 55825T103 10699 50608 SH DFND 50608 0 0 MADISON SQUARE GARDEN SPORTS CP CL A 55825T103 162 765 SH OTR 1 0 765 0 MANTECH INTL CORP CL A 564563104 1817 25000 SH DFND 25000 0 0 MARKEL CORP COM 570535104 11198 12068 SH DFND 12068 0 0 MARKETAXESS HLDGS INC COM 57060D108 1663 5000 SH DFND 5000 0 0 MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 210 3783 SH OTR 1 0 3783 0 MARRIOTT VACATIONS WRLDWDE C COM 57164Y107 1 26 SH DFND 26 0 0 MASTERCARD INC CL A 57636Q104 15560 64416 SH DFND 64416 0 0 MCDONALDS CORP COM 580135101 765 4625 SH DFND 4625 0 0 MERCK & COMPANY COM 58933Y105 3337 43378 SH DFND 43378 0 0 MESABI TR CTF BEN INT 590672101 4453 311429 SH DFND 311429 0 0 MFS HIGH INCOME MUN TR SH BEN INT 59318D104 2602 554692 SH DFND 554692 0 0 MICROSOFT COM 594918104 3053 19360 SH DFND 19360 0 0 MONDELEZ INTL INC CL A 609207105 1309 26145 SH DFND 26145 0 0 MORGAN STANLEY NEW COM NEW 617446448 355 10439 SH DFND 10439 0 0 MOVADO GROUP INC COM 624580106 509 43068 SH DFND 43068 0 0 MSG NETWORK INC CL A 553573106 772 75658 SH DFND 75658 0 0 MSG NETWORK INC CL A 553573106 132 12909 SH OTR 1 0 12909 0 NANTKWEST INC COM 63016Q102 155 53702 SH OTR 1 0 53702 0 NASDAQ INC COM 631103108 976 10280 SH DFND 10280 0 0 NATIONAL GEN HLDGS CORP COM 636220303 188 11349 SH OTR 1 0 11349 0 NAVIGATOR HOLDINGS LTD SHS Y62132108 5380 1206377 SH DFND 1206377 0 0 NEUBERGER BERMAN MUNI FD INC COM 64124P101 802 54764 SH DFND 54764 0 0 NEUBERGER BERMAN NY MUN FD INC COM 64124K102 342 29549 SH DFND 29549 0 0 NEWELL BRANDS INC COM 651229106 282 21223 SH DFND 21223 0 0 NEWELL BRANDS INC COM 651229106 167 12575 SH OTR 1 0 12575 0 NEWMARK GROUP INC CL A 65158N102 189 44581 SH DFND 44581 0 0 NEWMONT CORP COM 651639106 327 7220 SH DFND 7220 0 0 NEWS CORP NEW CL A 65249B109 145 16169 SH OTR 1 0 16169 0 NORFOLK SOUTHN CORP COM 655844108 687 4707 SH DFND 4707 0 0 NORTHROP GRUMMAN CORP COM 666807102 281 930 SH DFND 930 0 0 NOVAGOLD RES INC COM NEW 66987E206 154 20901 SH OTR 1 0 20901 0 NOVAGOLD RES INC COM NEW 66987E206 53 7116 SH DFND 7116 0 0 NOVARTIS AG SPONSORED ADR 66987V109 2046 24810 SH DFND 24810 0 0 NOVO-NORDISK ADR 670100205 466 7740 SH DFND 7740 0 0 NUVEEN AMT-FREE QLTY MUN INCOME COM 670657105 7467 551507 SH DFND 551507 0 0 NUVEEN DIV QLTY MUNI FD 3 SH BEN INT COM SH BEN INT 67070X101 918 65221 SH DFND 65221 0 0 NUVEEN DIVID AMT FREE MUNI CRED INC FD COM 67071L106 304 20690 SH DFND 20690 0 0 NUVEEN ENERGY MLP TOTL RTRNF COM 67074U103 236 164067 SH DFND 164067 0 0 NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 440 59169 SH DFND 59169 0 0 NUVEEN INT DUR QUAL MUN TRM COM 670677103 282 21130 SH DFND 21130 0 0 NUVEEN INTER DURATION MN TMF COM 670671106 931 71660 SH DFND 71660 0 0 NUVEEN MUN HIGH INC OPP FD COM 670682103 155 12437 SH DFND 12437 0 0 NUVEEN MUN VALUE FD INC COM 670928100 147 15032 SH DFND 15032 0 0 NUVEEN NY AMT FREE QLTY MUN INC FD COM 670656107 1234 98746 SH DFND 98746 0 0 NUVEEN NY QLTY INCOME FD COM 67066X107 657 50071 SH DFND 50071 0 0 NUVEEN PREFERRED & INCOME SECURITIES FD COM 67072C105 170 23429 SH DFND 23429 0 0 NUVEEN QUALITY MUNI INC FD COM 67066V101 2345 170676 SH DFND 170676 0 0 NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 210 21500 SH DFND 21500 0 0 NUVEEN SR INCOME FD COM 67067Y104 483 109209 SH DFND 109209 0 0 NUVEEN TAXABLE MUNICIPAL INC FUND COM 67074C103 2713 141663 SH DFND 141663 0 0 NVIDIA CORP COM 67066G104 442 1675 SH DFND 1675 0 0 ORACLE CORP COM 68389X105 217 4491 SH DFND 4491 0 0 ORACLE CORP COM 68389X105 167 3465 SH OTR 1 0 3465 0 PACIFIC BIOSCIENCES CALIF IN COM 69404D108 37 12000 SH DFND 12000 0 0 PAR PACIFIC HOLDINGS INC COM NEW 69888T207 142 20002 SH DFND 20002 0 0 PAR PACIFIC HOLDINGS INC COM NEW 69888T207 140 19694 SH OTR 1 0 19694 0 PATTERSON UTI ENERGY INC COM 703481101 994 423162 SH DFND 423162 0 0 PAYCHEX INC COM 704326107 170 2694 SH OTR 1 0 2694 0 PAYCHEX INC COM 704326107 104 1659 SH DFND 1659 0 0 PAYPAL HLDGS INC COM 70450Y103 8501 88794 SH DFND 88794 0 0 PCM FUND INC COM 69323T101 268 33751 SH DFND 33751 0 0 PENN NATL GAMING INC COM 707569109 325 25685 SH OTR 1 0 25685 0 PENN NATL GAMING INC COM 707569109 36 2810 SH DFND 2810 0 0 PENSKE AUTOMOTIVE GRP INC COM 70959W103 216 7708 SH DFND 7708 0 0 PENSKE AUTOMOTIVE GRP INC COM 70959W103 187 6694 SH OTR 1 0 6694 0 PEPSICO INC COM 713448108 1926 16034 SH DFND 16034 0 0 PERKINELMER INC COM 714046109 407 5410 SH DFND 5410 0 0 PERMIAN BASIN RTY TR UNIT BEN INT 714236106 1068 378735 SH DFND 378735 0 0 PFIZER INC COM 717081103 2129 65225 SH DFND 65225 0 0 PHILIP MORRIS INTL INC COM 718172109 2331 31954 SH DFND 31954 0 0 PIMCO DYNAMIC CREDIT AND MORTGAGE INCOME FD COM SHS 72202D106 720 42830 SH DFND 42830 0 0 PIMCO DYNAMIC INCOME FD SHS 72201Y101 5100 230882 SH DFND 230882 0 0 PIMCO ETF TR ENHAN SHRT MAT ENHAN SHRT MA AC 72201R833 477 4816 SH DFND 4816 0 0 PIMCO INCOME OPPORTUNITY FD COM 72202B100 2065 102214 SH DFND 102214 0 0 PIMCO INCOME STRATEGY FUND COM 72201H108 1675 198271 SH DFND 198271 0 0 PIMCO INCOME STRATEGY FUND II COM 72201J104 3433 452924 SH DFND 452924 0 0 PIMCO MUN INCOME FD II COM 72200W106 195 15400 SH DFND 15400 0 0 PIMCO NY MUNICIPAL INCOME FD COM 72200T103 506 46732 SH DFND 46732 0 0 PIONEER MUN HIGH INC ADV TR COM 723762100 148 14559 SH DFND 14559 0 0 PIONEER MUN HIGH INCOME TR COM SHS 723763108 510 45039 SH DFND 45039 0 0 PJT PARTNERS INC COM CL A 69343T107 245 5657 SH OTR 1 0 5657 0 PJT PARTNERS INC COM CL A 69343T107 18 413 SH DFND 413 0 0 PRECIGEN INC COM 74017N105 208 61120 SH OTR 1 0 61120 0 PRICE T ROWE GROUP INC COM 74144T108 380 3891 SH DFND 3891 0 0 PROSHARES TR II SHT VIX ST TRM 74347W130 37439 1207333 SH DFND 1207333 0 0 PROSHARES TR SHORT S&P 500 NE 74347B425 221 7985 SH DFND 7985 0 0 QUEST DIAGNOSTICS INC COM 74834L100 402 5000 SH DFND 5000 0 0 QURATE RETAIL INC SER A COM SER A 74915M100 214 35036 SH OTR 1 0 35036 0 QURATE RETAIL INC SER A COM SER A 74915M100 81 13261 SH DFND 13261 0 0 RAYONIER ADVANCED MATLS INC COM 75508B104 203 191250 SH DFND 191250 0 0 RAYTHEON CO NEW COM NEW 755111507 572 4360 SH DFND 4360 0 0 RED ROCK RESORTS INC Cl A 75700L108 231 27066 SH OTR 1 0 27066 0 RESIDEO TECHNOLOGIES INC COM 76118Y104 479 98881 SH DFND 98881 0 0 RESTAURANT BRANDS INTL INC COM 76131D103 241 6025 SH DFND 6025 0 0 RESTAURANT BRANDS INTL INC COM 76131D103 209 5215 SH OTR 1 0 5215 0 ROCKWELL AUTOMATION INC COM 773903109 921 6103 SH DFND 6103 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 496 15411 SH DFND 15411 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 410 11763 SH DFND 11763 0 0 ROYAL GOLD INC COM 780287108 18008 205317 SH DFND 205317 0 0 ROYCE MICRO-CAP TR INC COM 780915104 6603 1187655 SH DFND 1187655 0 0 ROYCE VALUE TR INC COM 780910105 339 35057 SH DFND 35057 0 0 RPC INC COM 749660106 129 62478 SH OTR 1 0 62478 0 S&P GLOBAL INC COM 78409V104 642 2618 SH DFND 2618 0 0 SABINE ROYALTY TR UNIT BEN INT 785688102 573 20732 SH DFND 20732 0 0 SANDSTORM GOLD LTD COM NEW 80013R206 12337 2462470 SH DFND 2462470 0 0 SANOFI SPONSORED ADR 80105N105 743 17000 SH DFND 17000 0 0 SCIENCE APPLICATNS INTL CP N COM 808625107 38105 510588 SH DFND 510588 0 0 SCRIPPS E W CO CL A NEW 811054402 452 60000 SH DFND 60000 0 0 SEALED AIR CORP NEW COM 81211K100 936 37860 SH DFND 37860 0 0 SERITAGE GROWTH PPTYS CL A 81752R100 167 18378 SH OTR 1 0 18378 0 SONOCO PRODUCTS COM 835495102 987 21300 SH DFND 21300 0 0 SPDR GOLD TRUST GOLD GOLD SHS 78463V107 2481 16757 SH DFND 16757 0 0 SPDR SERIES TRUST PORTFOLIO SHTRM BD FUND PORTFOLIO SHORT 78464A474 726 24000 SH DFND 24000 0 0 SPECTRUM BRNDS HOLDINGS INC COM 84790A105 210 5781 SH OTR 1 0 5781 0 SPECTRUM BRNDS HOLDINGS INC COM 84790A105 25 674 SH DFND 674 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 3048 11827 SH DFND 11827 0 0 STONECO LTD COM CL A G85158106 396 18173 SH DFND 18173 0 0 STRYKER CORP COM 863667101 333 2000 SH DFND 2000 0 0 SUNCOR ENERGY INC NEW COM 867224107 1052 66570 SH DFND 66570 0 0 TEGNA INC COM 87901J105 130 11950 SH DFND 11950 0 0 TELEFLEX INC COM 879369106 633 2161 SH DFND 2161 0 0 TENNECO INC CL A VTG COM STK 880349105 174 48270 SH OTR 1 0 48270 0 TEXAS PACIFIC LAND TRUST SUB CTF PROP IT 882610108 661085 1739653 SH DFND 1739653 0 0 THIRD PT REINS LTD COM G8827U100 190 25591 SH OTR 1 0 25591 0 TIMKENSTEEL CORP COM 887399103 154 47572 SH OTR 1 0 47572 0 TORONTO DOMINION BK ONT COM NEW 891160509 782 18450 SH DFND 18450 0 0 TORTOISE ENERGY INFRSTRCTR C COM 89147L100 45 17706 SH DFND 17706 0 0 TORTOISE MIDSTREAM ENERGY FD INC COM 89148B101 122 143166 SH DFND 143166 0 0 TRI POINTE GROUP INC COM 87265H109 1433 163449 SH DFND 163449 0 0 TRILOGY METALS INC COM 89621C105 26 18768 SH DFND 18768 0 0 TRINITY PLACE HOLDINGS INC COM 89656D101 18 10156 SH DFND 10156 0 0 UNDER ARMOUR INC CL C 904311206 158 19550 SH OTR 1 0 19550 0 UNION PACIFIC CORP COM 907818108 1705 12090 SH DFND 12090 0 0 UNITED PARCEL SVC INC CL B 911312106 846 9056 SH DFND 9056 0 0 UNITEDHEALTH GROUP INC COM 91324P102 258 1035 SH DFND 1035 0 0 URBAN EDGE PPTYS COM 91704F104 160 18178 SH OTR 1 0 18178 0 URBAN EDGE PPTYS COM 91704F104 1 58 SH DFND 58 0 0 VAIL RESORTS INC COM 91879Q109 331 2238 SH DFND 2238 0 0 VALMONT INDS INC COM 920253101 270 2550 SH DFND 2550 0 0 VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 679 24172 SH DFND 24172 0 0 VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 1388 60257 SH DFND 60257 0 0 VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 312 4412 SH DFND 4412 0 0 VANGUARD INDEX FDS EXTEND MKT ETF 922908652 582 6433 SH DFND 6433 0 0 VANGUARD INDEX FDS S&P500 ETF SHS 922908363 3032 12803 SH DFND 12803 0 0 VANGUARD INDEX FDS SMALL CP ETF 922908751 255 2211 SH DFND 2211 0 0 VANGUARD INDEX FDS TOTAL STK MKT 922908769 3367 26118 SH DFND 26118 0 0 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 336 4810 SH DFND 4810 0 0 VANGUARD INDEX FDS SHORT TERM TREAS 92206C102 22027 353330 SH DFND 353330 0 0 VANGUARD INDEX FDS SHRT TRM CORP BD 92206C409 1734 21919 SH DFND 21919 0 0 VERISK ANALYTICS INC CL A 92345Y106 976 7000 SH DFND 7000 0 0 VERIZON COMMUNICATIONS COM 92343V104 1907 35498 SH DFND 35498 0 0 VIACOMCBS INC CL B 92556H206 432 30816 SH DFND 30816 0 0 VIACOMCBS INC CL B 92556H206 173 12379 SH OTR 1 0 12379 0 VIASAT INC COM 92552V100 607 16885 SH DFND 16885 0 0 VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 876 132186 SH DFND 132186 0 0 VISA INC COM CL A 92826C839 5582 34647 SH DFND 34647 0 0 W & T OFFSHORE INC COM 92922P106 163 95976 SH OTR 1 0 95976 0 W P CAREY INC COM 92936U109 656 11300 SH DFND 11300 0 0 WALMART INC COM 931142103 430 3783 SH DFND 3783 0 0 WELBILT INC COM 949090104 189 36756 SH OTR 1 0 36756 0 WELBILT INC COM 949090104 156 30469 SH DFND 30469 0 0 WENDYS COMPANY COM 95058W100 39808 2675297 SH DFND 2675297 0 0 WENDYS COMPANY COM 95058W100 218 14647 SH OTR 1 0 14647 0 WESTERN ASSET CORPORATE LN FD COM 95790J102 584 82228 SH DFND 82228 0 0 WESTERN ASSET INFLATION LINKED INCOME FD COM SH BEN INT 95766Q106 169 16050 SH DFND 16050 0 0 WESTERN ASSET INTM MUNI FD I COM UNIT LP INT 958435109 195 23099 SH DFND 23099 0 0 WHEATON PRECIOUS METALS CORP COM 962879102 95592 3472301 SH DFND 3472301 0 0 WHITE MOUNTAINS INSURANCE GROUP LTD COM G9618E107 581 638 SH DFND 638 0 0 WILLIAMS COS INC COM 969457100 2076 146716 SH DFND 146716 0 0 WSTRN ASSET INFLATION LINKED OPPORT INC FD COM 95766R104 354 37062 SH DFND 37062 0 0 WW INTL INC COM 98262P101 176 10426 SH OTR 1 0 10426 0 WYNN RESORTS LTD COM 983134107 264 4384 SH DFND 4384 0 0 BRIGHTHOUSE FINL INC COM 10922N103 468 7800 SH Call DFND 7800 0 0 NVIDIA CORP COM 67066G104 44388 401200 SH Put DFND 401200 0 0