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
3M CO COM 88579Y101 302 1,725 SH   DFND   1,725 0 0
A T & T INC COM 00206R102 266 9,235 SH   DFND   9,235 0 0
ABB LTD SPONSORED ADR 000375204 995 35,587 SH   DFND   35,587 0 0
ABBOTT LABS COM 002824100 1,743 15,916 SH   DFND   15,916 0 0
ABBVIE INC COM 00287Y109 3,239 30,233 SH   DFND   30,233 0 0
ACCENTURE PLC SHS CLASS A G1151C101 234 894 SH   DFND   894 0 0
AGNC INVT CORP COM 00123Q104 239 15,314 SH   DFND   15,314 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 571 2,454 SH   DFND   2,454 0 0
ALICO INC COM 016230104 703 22,655 SH   DFND   22,655 0 0
ALKERMES PLC COM G01767105 439 22,000 SH   DFND   22,000 0 0
ALLEGHANY CORP DEL COM 017175100 9,114 15,097 SH   DFND   15,097 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 390 3,000 SH   DFND   3,000 0 0
ALPHABET INC CL A 02079K305 6,310 3,601 SH   DFND   3,601 0 0
ALPHABET INC CL C 02079K107 6,159 3,516 SH   DFND   3,516 0 0
ALTRIA GROUP INC COM 02209S103 1,828 44,592 SH   DFND   44,592 0 0
AMAZON COM INC COM 023135106 749 230 SH   DFND   230 0 0
AMC NETWORKS INC CL A 00164V103 6,029 168,543 SH   DFND   168,543 0 0
AMERICAN TOWER REIT COM 03027X100 297 1,325 SH   DFND   1,325 0 0
AMGEN INC COM 031162100 1,024 4,455 SH   DFND   4,455 0 0
ANALOG DEVICES INC COM 032654105 809 5,475 SH   DFND   5,475 0 0
ANNALY CAP MGMT INC COM 035710409 301 35,563 SH   DFND   35,563 0 0
APPLE INC COM 037833100 3,133 23,613 SH   DFND   23,613 0 0
APYX MED CORP COM 03837C106 4,428 615,000 SH   DFND   615,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 9,325 184,980 SH   DFND   184,980 0 0
ARENA PHARMACEUTICALS INC COM NEW 040047607 346 4,500 SH   DFND   4,500 0 0
ASSOCIATED CAP GROUP INC CL A 045528106 46,813 1,332,955 SH   DFND   1,332,955 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 963 19,263 SH   DFND   19,263 0 0
AUTONATION INC COM 05329W102 27,790 398,192 SH   DFND   398,192 0 0
BALCHEM CORP COM 057665200 3,106 26,959 SH   DFND   26,959 0 0
BANCO SANTANDER SA ADR 05964H105 113 37,079 SH   DFND   37,079 0 0
BANK AMER CORP COM 060505104 1,033 34,076 SH   DFND   34,076 0 0
BANK OF MONTREAL QUE COM 063671101 461 6,060 SH   DFND   6,060 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 237 5,586 SH   DFND   5,586 0 0
BANK OF NOVA SCOTIA HALIFAX COM 064149107 227 4,205 SH   DFND   4,205 0 0
BARRICK GOLD CORP COM 067901108 424 18,602 SH   DFND   18,602 0 0
BAXTER INTL INC COM 071813109 687 8,558 SH   DFND   8,558 0 0
BEL FUSE INC CL B 077347300 436 28,988 SH   DFND   28,988 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,826 11 SH   DFND   11 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 17,162 74,018 SH   DFND   74,018 0 0
BGC PARTNERS INC CL A 05541T101 8,210 2,052,577 SH   DFND   2,052,577 0 0
BHP GROUP LTD SPONSORED ADS 088606108 248 3,797 SH   DFND   3,797 0 0
BIOGEN INC COM 09062X103 968 3,954 SH   DFND   3,954 0 0
BLACK KNIGHT INC COM 09215C105 1,011 11,438 SH   DFND   11,438 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 1,407 210,600 SH   DFND   210,600 0 0
BLACKROCK CREDIT ALL INC TR COM 092508100 671 45,611 SH   DFND   45,611 0 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 718 59,300 SH   DFND   59,300 0 0
BLACKROCK FLOATING RATE INCOME COM 091941104 149 12,678 SH   DFND   12,678 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 566 22,050 SH   DFND   22,050 0 0
BLACKROCK MUN INC INVESTMENT QUALITY TRUST COM 09250G102 1,137 76,195 SH   DFND   76,195 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,109 74,575 SH   DFND   74,575 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 274 18,053 SH   DFND   18,053 0 0
BLACKROCK MUNIHLDGS INVESTMENT QUALITY FUND COM 09254P108 574 40,758 SH   DFND   40,758 0 0
BLACKROCK MUNIHLDGS QUALITY FUND II INC COM 09254C107 1,404 102,863 SH   DFND   102,863 0 0
BLACKROCK MUNIHLDGS QUALITY FUND INC COM 09254A101 997 75,386 SH   DFND   75,386 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 427 46,440 SH   DFND   46,440 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 907 62,783 SH   DFND   62,783 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254G108 451 32,280 SH   DFND   32,280 0 0
BLACKROCK NY MUN INC QUALITY TRUST COM 09249U105 283 20,769 SH   DFND   20,769 0 0
BLACKSTONE GROUP INC COM CL A 09260D107 565 8,725 SH   DFND   8,725 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 462 16,783 SH   DFND   16,783 0 0
BOEING CO COM 097023105 20,267 94,679 SH   DFND   94,679 0 0
BRISTOL MYERS SQUIBBCO COM 110122108 2,961 47,741 SH   DFND   47,741 0 0
BROADRIDGE FINL SOLUTIONS INC COM 11133T103 699 4,564 SH   DFND   4,564 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 67,795 1,642,723 SH   DFND   1,642,723 0 0
BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107 370 5,123 SH   DFND   5,123 0 0
BROOKFIELD INFRASTRUCTURE PARTNERS LP LP INT UNIT G16252101 2,025 41,002 SH   DFND   41,002 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 334 23,091 SH   DFND   23,091 0 0
BROOKFIELD PROPERTY REIT INC CL A 11282X103 381 25,518 SH   DFND   25,518 0 0
BROOKFIELD REAL ASSETS INCOME FUND SHS BEN INT 112830104 345 19,359 SH   DFND   19,359 0 0
BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT G16258108 209 4,837 SH   DFND   4,837 0 0
CACI INTL INC CL A 127190304 95,887 384,579 SH   DFND   384,579 0 0
CAPITAL SOUTHWEST CORP COM 140501107 305 17,200 SH   DFND   17,200 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 323 14,900 SH   DFND   14,900 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 2,560 273,462 SH   DFND   273,462 0 0
CATERPILLAR INC COM 149123101 2,008 11,033 SH   DFND   11,033 0 0
CBOE GLOBAL MARKETS INC COM 12503M108 41,165 442,060 SH   DFND   442,060 0 0
CENTERPOINT ENERGY INC COM 15189T107 482 22,272 SH   DFND   22,272 0 0
CHARLES RIV LABS INTL INC COM 159864107 27,914 111,718 SH   DFND   111,718 0 0
CHENIERE ENERGY INC COM NEW COM NEW 16411R208 30,101 501,429 SH   DFND   501,429 0 0
CHENIERE ENERGY INC NOTE 4.250% 3/1 16411RAG4 28,816 36,883,500 PRN   DFND   36,883,500 0 0
CHEVRON CORP COM 166764100 1,275 15,102 SH   DFND   15,102 0 0
CISCO SYSTEMS INC COM 17275R102 1,843 41,176 SH   DFND   41,176 0 0
CIVEO CORP CDA COM NEW 17878Y207 42,021 3,023,090 SH   DFND   3,023,090 0 0
CLEARBRIDGE MLP AND MIDSTRM TR COM 18469Q207 158 10,827 SH   DFND   10,827 0 0
CME GROUP INC COM 12572Q105 27,836 152,900 SH   DFND   152,900 0 0
CMS ENERGY CORP COM 125896100 975 15,975 SH   DFND   15,975 0 0
CNOOC LTD SPONSORED ADR 126132109 950 10,365 SH   DFND   10,365 0 0
COHEN & STEERS INC COM 19247A100 2,470 33,244 SH   DFND   33,244 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 672 54,233 SH   DFND   54,233 0 0
COLFAX CORP COM 194014106 4,345 113,616 SH   DFND   113,616 0 0
COLGATE PALMOLIVE CO COM 194162103 255 2,978 SH   DFND   2,978 0 0
COMCAST CORP NEW CL A 20030N101 419 7,997 SH   DFND   7,997 0 0
CORELOGIC INC COM COM 21871D103 1,349 17,446 SH   DFND   17,446 0 0
COSTAMARE INC SHS Y1771G102 1,997 241,237 SH   DFND   241,237 0 0
COSTCO WHSL CORP NEW COM 22160K105 208 553 SH   DFND   553 0 0
CRISPR THERAPEUTICS AG NAMEN AKT H17182108 938 6,125 SH   DFND   6,125 0 0
CSW INDUSTRIALS INC COM 126402106 1,253 11,200 SH   DFND   11,200 0 0
CSX CORP COM 126408103 222 2,444 SH   DFND   2,444 0 0
CUBIC CORP COM 229669106 549 8,852 SH   DFND   8,852 0 0
CVS HEALTH CORP COM 126650100 1,006 14,730 SH   DFND   14,730 0 0
DANAHER CORP COM 235851102 2,276 10,244 SH   DFND   10,244 0 0
DEERE & CO COM 244199105 581 2,161 SH   DFND   2,161 0 0
DISCOVERY INC COM SER A 25470F104 3,988 132,552 SH   DFND   132,552 0 0
DISCOVERY INC COM SER C 25470F302 1,845 70,465 SH   DFND   70,465 0 0
DISH NETWORK CORP CL A CL A 25470M109 1,561 48,265 SH   DFND   48,265 0 0
DISNEY WALT CO COM DISNEY 254687106 1,620 8,940 SH   DFND   8,940 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 8,656 793,417 SH   DFND   793,417 0 0
DORMAN PRODUCTS INC COM 258278100 1,774 20,436 SH   DFND   20,436 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 4,127 248,935 SH   DFND   248,935 0 0
DOUBLELINE OPPORTUNISTIC CR COM 258623107 5,221 265,715 SH   DFND   265,715 0 0
DOW INC COM 260557103 456 8,218 SH   DFND   8,218 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 124 12,425 SH   DFND   12,425 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 176 14,021 SH   DFND   14,021 0 0
EATON VANCE MUN BD FD COM 27827X101 285 20,955 SH   DFND   20,955 0 0
EATON VANCE NY MUN BD FD COM 27827Y109 305 24,865 SH   DFND   24,865 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105 255 20,001 SH   DFND   20,001 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 151 23,748 SH   DFND   23,748 0 0
ECHOSTAR CORP CL A 278768106 3,294 155,445 SH   DFND   155,445 0 0
EDITAS MEDICINE INC COM 28106W103 561 8,000 SH   DFND   8,000 0 0
ELI LILLY AND COMPANY COM 532457108 1,883 11,154 SH   DFND   11,154 0 0
EMERSON ELEC CO COM 291011104 1,475 18,356 SH   DFND   18,356 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 1,492 241,406 SH   DFND   241,406 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 2,561 130,751 SH   DFND   130,751 0 0
EQUITY COMMONWEALTH COM SH BEN INT 294628102 1,891 69,302 SH   DFND   69,302 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 14,646 231,156 SH   DFND   231,156 0 0
EXPEDIA GROUP INC COM NEW 30212P303 1,440 10,879 SH   DFND   10,879 0 0
EXXON MOBIL CORP COM 30231G102 2,342 56,814 SH   DFND   56,814 0 0
FEDERATED HERMES INC CL B 314211103 1,091 37,748 SH   DFND   37,748 0 0
FEDERATED HERMES PREM MUN INC FD COM 31423P108 617 41,657 SH   DFND   41,657 0 0
FEDEX CORP COM 31428X106 360 1,388 SH   DFND   1,388 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 1,762 45,086 SH   DFND   45,086 0 0
FIDELITY NATL INFORMATION SVC COM 31620M106 473 3,344 SH   DFND   3,344 0 0
FLOWERS FOODS INC COM 343498101 252 11,125 SH   DFND   11,125 0 0
FORTIVE CORP COM COM 34959J108 296 4,175 SH   DFND   4,175 0 0
FRANCO NEVADA CORP COM 351858105 96,107 766,828 SH   DFND   766,828 0 0
FREEPORT MCMORAN INC CL B 35671D857 3,822 146,899 SH   DFND   146,899 0 0
GALLAGHER ARTHUR J & CO COM 363576109 346 2,799 SH   DFND   2,799 0 0
GAMCO INVESTORS INC CL A COM 361438104 5,852 329,900 SH   DFND   329,900 0 0
GANNETT CO INC NEW COM 36472T109 41 12,075 SH   DFND   12,075 0 0
GENERAL DYNAMICS CORP COM 369550108 223 1,496 SH   DFND   1,496 0 0
GENERAL ELECTRIC CO COM 369604103 719 66,601 SH   DFND   66,601 0 0
GENERAL MLS INC COM 370334104 226 3,850 SH   DFND   3,850 0 0
GENERAL MTRS CO COM 37045V100 1,253 30,082 SH   DFND   30,082 0 0
GENUINE PARTS CO COM 372460105 241 2,400 SH   DFND   2,400 0 0
GILEAD SCIENCES INC COM 375558103 642 11,017 SH   DFND   11,017 0 0
GLADSTONE LD CORP COM 376549101 524 35,796 SH   DFND   35,796 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 861 23,400 SH   DFND   23,400 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 358 1,357 SH   DFND   1,357 0 0
GRAHAM HLDGS CO COM COM 384637104 545 1,021 SH   DFND   1,021 0 0
GREENBRIER COS INC COM 393657101 262 7,200 SH   DFND   7,200 0 0
GREENLANE HLDGS INC CL A 395330103 40 10,000 SH   DFND   10,000 0 0
HONEYWELL INTL INC COM 438516106 1,409 6,623 SH   DFND   6,623 0 0
HOWARD HUGHES CORP COM 44267D107 67,802 859,010 SH   DFND   859,010 0 0
IAA INC COM 449253103 10,813 166,408 SH   DFND   166,408 0 0
IAC INTERACTIVECORP NEW COM 44891N109 3,310 17,479 SH   DFND   17,479 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 33,101 653,261 SH   DFND   653,261 0 0
IHS MARKIT LTD SHS G47567105 21,092 234,803 SH   DFND   234,803 0 0
INTEL CORP COM 458140100 517 10,369 SH   DFND   10,369 0 0
INTELLIA THERAPEUTICS INC COM 45826J105 544 10,000 SH   DFND   10,000 0 0
INTER PARFUMS INC COM 458334109 11,838 195,703 SH   DFND   195,703 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 62,885 545,449 SH   DFND   545,449 0 0
INTL FLAVORS & FRAGRANCES COM 459506101 332 3,050 SH   DFND   3,050 0 0
INVESCO CURRENCYSHARES AUSTR AUSTRALIAN DOL 46090N103 814 10,595 SH   DFND   10,595 0 0
INVESCO CURRENCYSHARES CANADIAN DLR TRUST CDN DLR SHS 46138T104 599 7,745 SH   DFND   7,745 0 0
INVESCO INSURED MUNICIPAL INCOME TRUST COM 46132P108 566 36,163 SH   DFND   36,163 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 757 58,055 SH   DFND   58,055 0 0
INVESCO EXCHANGE TRADED FD S&P500 EQL WGT 46137V357 950 7,450 SH   DFND   7,450 0 0
INVESCO SR INCOME TR COM 46131H107 46 11,613 SH   DFND   11,613 0 0
INVESCO TR INVT GRADE NEW YO COM 46131T101 136 10,414 SH   DFND   10,414 0 0
IONIS PHARMACEUTICALS INC COM 462222100 509 9,000 SH   DFND   9,000 0 0
IRON MTN INC NEW COM 46284V101 731 24,808 SH   DFND   24,808 0 0
ISHARES TR ISHS 1-5YR INVS 464288646 2,979 54,000 SH   DFND   54,000 0 0
ISHARES GOLD TR ISHARES 464285105 1,447 79,828 SH   DFND   79,828 0 0
ISHARES TR PHLX SEMICND ETF 464287523 347 916 SH   DFND   916 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 3,987 162,272 SH   DFND   162,272 0 0
ISHARES TR SHORT TREAS BD 464288679 10,458 94,616 SH   DFND   94,616 0 0
ISHARES TR GL TIMB FORE ETF 464288174 2,394 30,068 SH   DFND   30,068 0 0
ISHARES TR MICRO-CAP ETF 464288869 292 2,459 SH   DFND   2,459 0 0
JOHNSON & JOHNSON COM 478160104 3,044 19,341 SH   DFND   19,341 0 0
JP MORGAN CHASE & CO COM 46625H100 330 2,597 SH   DFND   2,597 0 0
JP MORGAN EXCHANGE TRADED FD ULTRA SHRT INC 46641Q837 1,140 22,440 SH   DFND   22,440 0 0
KAR AUCTION SVCS INC COM 48238T109 2,436 130,878 SH   DFND   130,878 0 0
KAYNE ANDERSON ENERGY INFRSTR COM 486606106 259 44,962 SH   DFND   44,962 0 0
KAYNE ANDERSON NEXTGEN ENERGY COM 48661E108 202 35,180 SH   DFND   35,180 0 0
KIMBELL RTY PARTNERS LP UNIT 49435R102 799 101,056 SH   DFND   101,056 0 0
KIMBERLY CLARK CORP COM 494368103 253 1,878 SH   DFND   1,878 0 0
KKR & CO INC COM 48251W104 205 5,058 SH   DFND   5,058 0 0
KLA-TENCOR CORP COM NEW 482480100 1,726 6,665 SH   DFND   6,665 0 0
KRAFT HEINZ COMPANY COM 500754106 357 10,304 SH   DFND   10,304 0 0
L3 HARRIS TECHNOLOGIES INC COM 502431109 1,872 9,905 SH   DFND   9,905 0 0
LAS VEGAS SANDS CORP COM 517834107 5,048 84,706 SH   DFND   84,706 0 0
LENDINGTREE INC NEW COM 52603B107 2,254 8,233 SH   DFND   8,233 0 0
LENNAR CORP CL A 526057104 414 5,435 SH   DFND   5,435 0 0
LIBERTY MEDIA CORP DEL COM A BRAVES GRP 531229706 997 40,098 SH   DFND   40,098 0 0
LIBERTY MEDIA CORP DEL COM C BRAVES GRP 531229888 1,510 60,689 SH   DFND   60,689 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 9,608 60,970 SH   DFND   60,970 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 46,983 296,667 SH   DFND   296,667 0 0
LIBERTY MEDIA CORP DEL COM SER A FRMLA 531229870 6,607 173,906 SH   DFND   173,906 0 0
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 10,076 236,525 SH   DFND   236,525 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 184 16,598 SH   DFND   16,598 0 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 42,852 984,869 SH   DFND   984,869 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 19,020 440,390 SH   DFND   440,390 0 0
LINDE PLC COM G5494J103 415 1,574 SH   DFND   1,574 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 2,591 249,643 SH   DFND   249,643 0 0
LIVE NATION ENTERTAINMENT INC COM 538034109 49,859 678,543 SH   DFND   678,543 0 0
LOCKHEED MARTIN CORP COM 539830109 313 882 SH   DFND   882 0 0
LOEWS CORP COM 540424108 318 7,070 SH   DFND   7,070 0 0
MADISON SQUARE GARDEN SPORTS CP CL A 55825T103 7,080 38,460 SH   DFND   38,460 0 0
MADISON SQUARE GRDN ENTERTNM CL A 55826T102 3,823 36,394 SH   DFND   36,394 0 0
MANTECH INTL CORP CL A 564563104 2,224 25,000 SH   DFND   25,000 0 0
MARATHON PETE CORP COM 56585A102 312 7,534 SH   DFND   7,534 0 0
MARKEL CORP COM 570535104 6,589 6,377 SH   DFND   6,377 0 0
MARKETAXESS HLDGS INC COM 57060D108 2,853 5,000 SH   DFND   5,000 0 0
MASTERCARD INC CL A 57636Q104 16,175 45,316 SH   DFND   45,316 0 0
MATCH GROUP INC NEW COM 57667L107 1,087 7,187 SH   DFND   7,187 0 0
MCDONALDS CORP COM 580135101 901 4,200 SH   DFND   4,200 0 0
MERCK & COMPANY COM 58933Y105 3,036 37,117 SH   DFND   37,117 0 0
MESABI TR CTF BEN INT 590672101 40,204 1,433,301 SH   DFND   1,433,301 0 0
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 2,494 491,878 SH   DFND   491,878 0 0
MICROSOFT COM 594918104 2,796 12,570 SH   DFND   12,570 0 0
MICROSTRATEGY INC CL A NEW 594972408 4,136 10,645 SH   DFND   10,645 0 0
MONDELEZ INTL INC CL A 609207105 1,324 22,640 SH   DFND   22,640 0 0
MORGAN STANLEY NEW COM NEW 617446448 202 2,943 SH   DFND   2,943 0 0
MOVADO GROUP INC COM 624580106 498 29,972 SH   DFND   29,972 0 0
MSG NETWORK INC CL A 553573106 956 64,877 SH   DFND   64,877 0 0
NASDAQ INC COM 631103108 4,338 32,682 SH   DFND   32,682 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 8,000 730,560 SH   DFND   730,560 0 0
NEUBERGER BERMAN MUNI FD INC COM 64124P101 541 35,562 SH   DFND   35,562 0 0
NEUBERGER BERMAN NY MUN FD INC COM 64124K102 364 29,549 SH   DFND   29,549 0 0
NEWELL BRANDS INC COM 651229106 280 13,191 SH   DFND   13,191 0 0
NEWMONT CORP COM 651639106 1,746 29,158 SH   DFND   29,158 0 0
NEXTERA ENERGY INC COM 65339F101 348 4,516 SH   DFND   4,516 0 0
NORFOLK SOUTHN CORP COM 655844108 1,161 4,886 SH   DFND   4,886 0 0
NOVARTIS AG SPONSORED ADR 66987V109 2,083 22,060 SH   DFND   22,060 0 0
NOVO-NORDISK A S ADR 670100205 541 7,740 SH   DFND   7,740 0 0
NUTRIEN LTD COM 67077M108 1,144 23,752 SH   DFND   23,752 0 0
NUVEEN AMT-FREE QLTY MUN INCOME COM 670657105 8,132 538,518 SH   DFND   538,518 0 0
NUVEEN DIV QLTY MUNI FD 3 COM SH BEN INT 67070X101 1,051 65,221 SH   DFND   65,221 0 0
NUVEEN DIVID AMT FREE MUNI CRED INC FD COM 67071L106 347 20,690 SH   DFND   20,690 0 0
NUVEEN FLTNG RTE INCM OPP FDCOM COM SHS 6706EN100 512 59,169 SH   DFND   59,169 0 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 311 21,130 SH   DFND   21,130 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 995 71,660 SH   DFND   71,660 0 0
NUVEEN MUN HIGH INC OPP FD COM 670682103 186 12,869 SH   DFND   12,869 0 0
NUVEEN MUN VALUE FD INC COM 670928100 146 13,198 SH   DFND   13,198 0 0
NUVEEN NY AMT FREE QLTY MUN INC FD COM 670656107 1,336 98,746 SH   DFND   98,746 0 0
NUVEEN NY QLTY INCOME FD COM 67066X107 709 50,071 SH   DFND   50,071 0 0
NUVEEN PREFERRED & INCOME SECURITIES FD COM 67072C105 215 22,113 SH   DFND   22,113 0 0
NUVEEN QUALITY MUNI INC FD COM 67066V101 2,623 170,676 SH   DFND   170,676 0 0
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 230 21,500 SH   DFND   21,500 0 0
NUVEEN SR INCOME FD COM 67067Y104 546 105,209 SH   DFND   105,209 0 0
NUVEEN TAXABLE MUNICIPAL INC FUND COM 67074C103 3,307 139,230 SH   DFND   139,230 0 0
NVIDIA CORP COM 67066G104 389 744 SH   DFND   744 0 0
OCCIDENTAL PETE CORP COM 674599105 185 10,686 SH   DFND   10,686 0 0
OSHKOSH CORP COM 688239201 15,156 176,094 SH   DFND   176,094 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 188 14,861 SH   DFND   14,861 0 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 311 12,000 SH   DFND   12,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 2,181 414,562 SH   DFND   414,562 0 0
PAYPAL HLDGS INC COM 70450Y103 19,859 84,797 SH   DFND   84,797 0 0
PCM FUND INC COM 69323T101 335 31,256 SH   DFND   31,256 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103 15,017 252,855 SH   DFND   252,855 0 0
PEPSICO INC COM 713448108 1,792 12,084 SH   DFND   12,084 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 1,288 388,996 SH   DFND   388,996 0 0
PFIZER INC COM 717081103 2,040 55,432 SH   DFND   55,432 0 0
PHILIP MORRIS INTL INC COM 718172109 2,016 24,353 SH   DFND   24,353 0 0
PIMCO DYNAMIC CREDIT AND MORTGAGE INCOME FD COM SHS 72202D106 1,032 48,675 SH   DFND   48,675 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 3,080 116,531 SH   DFND   116,531 0 0
PIMCO ETF TR ENHAN SHRT MA AC 72201R833 491 4,816 SH   DFND   4,816 0 0
PIMCO INCOME OPPORTUNITY FD COM 72202B100 2,273 89,951 SH   DFND   89,951 0 0
PIMCO INCOME STRATEGY FUND COM 72201H108 2,085 182,219 SH   DFND   182,219 0 0
PIMCO INCOME STRATEGY FUND II COM 72201J104 4,342 437,253 SH   DFND   437,253 0 0
PIMCO MUN INCOME FD II COM 72200W106 215 15,050 SH   DFND   15,050 0 0
PIMCO NY MUNICIPAL INCOME FD COM 72200T103 526 45,052 SH   DFND   45,052 0 0
PIONEER MUN HIGH INC ADV TR COM 723762100 154 13,260 SH   DFND   13,260 0 0
PIONEER MUN HIGH INCOME TR COM SHS 723763108 362 29,085 SH   DFND   29,085 0 0
POTLATCHDELTIC CORP NEW COM 737630103 669 13,372 SH   DFND   13,372 0 0
PROSHARES TR SHT VIX ST TRM 74347W130 51,412 1,240,645 SH   DFND   1,240,645 0 0
QUALCOMM INC COM 747525103 206 1,354 SH   DFND   1,354 0 0
QUEST DIAGNOSTICS INC COM 74834L100 585 4,912 SH   DFND   4,912 0 0
RAYONIER ADVANCED MATLS INC COM 75508B104 974 149,450 SH   DFND   149,450 0 0
RAYONIER INC COM 754907103 2,818 95,903 SH   DFND   95,903 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 837 11,709 SH   DFND   11,709 0 0
RENN FUND INC COM 759720105 142 82,842 SH   DFND   82,842 0 0
RESIDEO TECHNOLOGIES INC COM 76118Y104 1,834 86,282 SH   DFND   86,282 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 344 5,636 SH   DFND   5,636 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 3,169 45,561 SH   DFND   45,561 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,266 5,048 SH   DFND   5,048 0 0
ROYAL CARIBBEAN GROUP COM V7780T103 1,137 15,221 SH   DFND   15,221 0 0
ROYAL GOLD INC COM 780287108 17,991 169,150 SH   DFND   169,150 0 0
ROYCE MICRO-CAP TR INC COM 780915104 4,229 417,867 SH   DFND   417,867 0 0
S&P GLOBAL INC COM 78409V104 475 1,445 SH   DFND   1,445 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 279 9,875 SH   DFND   9,875 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 18,351 2,559,458 SH   DFND   2,559,458 0 0
SANOFI SPONSORED ADR 80105N105 826 17,000 SH   DFND   17,000 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 39,474 417,095 SH   DFND   417,095 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 734 48,000 SH   DFND   48,000 0 0
SEALED AIR CORP NEW COM 81211K100 1,602 34,985 SH   DFND   34,985 0 0
SIMULATIONS PLUS INC COM 829214105 314 4,367 SH   DFND   4,367 0 0
SONOCO PRODUCTS COM 835495102 1,306 22,050 SH   DFND   22,050 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,105 17,410 SH   DFND   17,410 0 0
SPDR SER TR PORTFOLIO SHORT 78464A474 754 24,000 SH   DFND   24,000 0 0
SPROTT INC COM NEW 852066208 222 7,665 SH   DFND   7,665 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 469 31,070 SH   DFND   31,070 0 0
SQUARE INC CL A 852234103 285 1,308 SH   DFND   1,308 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,205 5,898 SH   DFND   5,898 0 0
STONECO LTD COM CL A G85158106 971 11,570 SH   DFND   11,570 0 0
STRYKER CORP COM 863667101 490 2,000 SH   DFND   2,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 983 58,610 SH   DFND   58,610 0 0
TELEFLEX INC COM 879369106 875 2,126 SH   DFND   2,126 0 0
TEXAS PACIFIC LAND TRUST SUB CTF PROP IT 882610108 1,167,775 1,606,293 SH   DFND   1,606,293 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 1,140 20,200 SH   DFND   20,200 0 0
TRI POINTE HOMES INC COM 87265H109 3,106 180,062 SH   DFND   180,062 0 0
TRILOGY METALS INC COM 89621C105 34 16,755 SH   DFND   16,755 0 0
UNION PACIFIC CORP COM 907818108 1,809 8,687 SH   DFND   8,687 0 0
UNITED PARCEL SVC INC CL B 911312106 418 2,480 SH   DFND   2,480 0 0
UNITEDHEALTH GROUP INC COM 91324P102 219 625 SH   DFND   625 0 0
VAIL RESORTS INC COM 91879Q109 352 1,262 SH   DFND   1,262 0 0
VALMONT INDS INC COM 920253101 429 2,450 SH   DFND   2,450 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 3,735 68,854 SH   DFND   68,854 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189H607 503 3,268 SH   DFND   3,268 0 0
VANECK VECTORS GOLD MINERS ETF 92189F106 4,593 127,525 SH   DFND   127,525 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 2,462 14,953 SH   DFND   14,953 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 646 2,551 SH   DFND   2,551 0 0
VANGUARD INDEX FDS S&P500 ETF SHS 922908363 2,122 6,174 SH   DFND   6,174 0 0
VANGUARD INDEXFDS TOTAL STK MKT 922908769 999 5,133 SH   DFND   5,133 0 0
VANGUARD SCOTTSDALE FD SHORT TERM TREAS 92206C102 12,541 203,584 SH   DFND   203,584 0 0
VANGUARD SCOTTSDALE FD SHRT TRM CORP BD 92206C409 1,825 21,919 SH   DFND   21,919 0 0
VERISK ANALYTICS INC CL A 92345Y106 1,453 7,000 SH   DFND   7,000 0 0
VERIZON COMMUNICATIONS COM 92343V104 1,433 24,389 SH   DFND   24,389 0 0
VIACOMCBS INC CL B 92556H206 493 13,223 SH   DFND   13,223 0 0
VIASAT INC COM 92552V100 471 14,440 SH   DFND   14,440 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 1,007 86,651 SH   DFND   86,651 0 0
VISA INC COM CL A 92826C839 6,959 31,817 SH   DFND   31,817 0 0
W P CAREY INC COM 92936U109 847 12,000 SH   DFND   12,000 0 0
WALMART INC COM 931142103 633 4,390 SH   DFND   4,390 0 0
WELBILT INC COM 949090104 269 20,416 SH   DFND   20,416 0 0
WENDYS COMPANY COM 95058W100 47,855 2,183,150 SH   DFND   2,183,150 0 0
WEYERHAEUSER CO COM NEW 962166104 2,244 66,911 SH   DFND   66,911 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 105,758 2,533,743 SH   DFND   2,533,743 0 0
WHITE MOUNTAINS INSURANCE GROUP LTD COM G9618E107 1,034 1,033 SH   DFND   1,033 0 0
WILLIAMS COS INC COM 969457100 3,189 159,047 SH   DFND   159,047 0 0
WSTRN ASSET INFLATION LINKED OPPORT INC FD COM 95766R104 340 27,425 SH   DFND   27,425 0 0
WYNN RESORTS LTD COM 983134107 427 3,782 SH   DFND   3,782 0 0
BARCLAYS BANK PLC IPTH SR B S&P 06746P621 8,708 217,700 SH Call DFND   217,700 0 0
PROSHARES TR II ULTRA VIX SHORT 74347W148 1,698 56,600 SH Call DFND   56,600 0 0
PROSHARES TR II VIX SH TRM FUTRS 74347W171 795 26,500 SH Call DFND   26,500 0 0
UNITED STS NAT GAS FD LP UNIT PAR 912318300 1,247 75,700 SH Call DFND   75,700 0 0
UNITED STS OIL FD LP UNITS 91232N207 2,073 55,200 SH Call DFND   55,200 0 0