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 301 1,560 SH   DFND   1,560 0 0
A T & T INC COM 00206R102 328 10,821 SH   DFND   10,821 0 0
ABB LTD SPONSORED ADR 000375204 1,066 34,987 SH   DFND   34,987 0 0
ABBOTT LABS COM 002824100 1,841 15,366 SH   DFND   15,366 0 0
ABBVIE INC COM 00287Y109 3,139 29,007 SH   DFND   29,007 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 247 894 SH   DFND   894 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 472 2,080 SH   DFND   2,080 0 0
ALICO INC COM 016230104 621 20,800 SH   DFND   20,800 0 0
ALKERMES PLC COM G01767105 411 22,000 SH   DFND   22,000 0 0
ALLEGHANY CORP DEL COM 017175100 8,729 13,938 SH   DFND   13,938 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 424 3,000 SH   DFND   3,000 0 0
ALPHABET INC CL A 02079K305 6,187 3,000 SH   DFND   3,000 0 0
ALPHABET INC CL C 02079K107 5,955 2,879 SH   DFND   2,879 0 0
ALTRIA GROUP INC COM 02209S103 2,230 43,582 SH   DFND   43,582 0 0
AMC NETWORKS INC CL A 00164V103 8,776 165,078 SH   DFND   165,078 0 0
AMERICAN TOWER REIT COM 03027X100 341 1,425 SH   DFND   1,425 0 0
AMGEN INC COM 031162100 1,090 4,380 SH   DFND   4,380 0 0
ANALOG DEVICES INC COM 032654105 826 5,325 SH   DFND   5,325 0 0
ANNALY CAP MGMT INC COM 035710409 177 20,592 SH   DFND   20,592 0 0
APPLE INC COM 037833100 1,758 14,391 SH   DFND   14,391 0 0
APYX MED CORP COM 03837C106 5,941 615,000 SH   DFND   615,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 18,681 327,745 SH   DFND   327,745 0 0
ARENA PHARMACEUTICALS INC COM NEW 040047607 312 4,500 SH   DFND   4,500 0 0
ASSOCIATED CAP GROUP INC CL A 045528106 46,066 1,284,603 SH   DFND   1,284,603 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 958 19,263 SH   DFND   19,263 0 0
AUTONATION INC COM 05329W102 36,893 395,759 SH   DFND   395,759 0 0
BALCHEM CORP COM 057665200 3,381 26,959 SH   DFND   26,959 0 0
BANCO SANTANDER S.A. ADR 05964H105 134 39,079 SH   DFND   39,079 0 0
BANK AMER CORP COM 060505104 1,318 34,076 SH   DFND   34,076 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 340 7,194 SH   DFND   7,194 0 0
BAXTER INTL INC COM 071813109 680 8,058 SH   DFND   8,058 0 0
BEL FUSE INC CL B 077347300 577 28,988 SH   DFND   28,988 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 4,243 11 SH   DFND   11 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 16,139 63,175 SH   DFND   63,175 0 0
BGC PARTNERS INC CL A 05541T101 10,264 2,125,047 SH   DFND   2,125,047 0 0
BHP GROUP LTD SPONSORED ADS 088606108 230 3,321 SH   DFND   3,321 0 0
BIOGEN INC COM 09062X103 1,098 3,925 SH   DFND   3,925 0 0
BLACK KNIGHT INC COM 09215C105 857 11,588 SH   DFND   11,588 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 1,860 213,350 SH   DFND   213,350 0 0
BLACKROCK CREDIT ALL INC TR COM 092508100 654 44,576 SH   DFND   44,576 0 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 771 59,300 SH   DFND   59,300 0 0
BLACKROCK FLOATING RATE INCOME COM 091941104 159 12,678 SH   DFND   12,678 0 0
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 09257P105 560 22,050 SH   DFND   22,050 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,120 74,496 SH   DFND   74,496 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 273 18,053 SH   DFND   18,053 0 0
BLACKROCK MUNIHLDGS INVESTMENT QUALITY FUND COM 09254P108 582 40,758 SH   DFND   40,758 0 0
BLACKROCK MUNIHLDGS QUALITY FUND II INC COM 09254C107 1,378 102,863 SH   DFND   102,863 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 2,147 134,194 SH   DFND   134,194 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 432 46,440 SH   DFND   46,440 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 894 62,691 SH   DFND   62,691 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254G108 448 32,280 SH   DFND   32,280 0 0
BLACKROCK NY MUN INC QUALITY TRUST COM 09249U105 299 20,769 SH   DFND   20,769 0 0
BLACKSTONE GROUP INC COM CL A 09260D107 650 8,725 SH   DFND   8,725 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 417 13,437 SH   DFND   13,437 0 0
BOEING CO COM 097023105 21,357 83,845 SH   DFND   83,845 0 0
BRIGHAM MINERALS INC CL A COM 10918L103 4,289 292,937 SH   DFND   292,937 0 0
BRISTOL MYERS SQUIBBCO COM 110122108 3,013 47,721 SH   DFND   47,721 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 75,303 1,692,208 SH   DFND   1,692,208 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD L P G16234109 202 5,025 SH   DFND   5,025 0 0
BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107 391 5,123 SH   DFND   5,123 0 0
BROOKFIELD INFRASTRUCTURE PARTNERS LP LP INT UNIT G16252101 2,098 39,392 SH   DFND   39,392 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 332 18,670 SH   DFND   18,670 0 0
BROOKFIELD REAL ASSETS INCOME FUND SHS BEN INT 112830104 401 19,359 SH   DFND   19,359 0 0
BWX TECHNOLOGIES INC COM 05605H100 209 3,163 SH   DFND   3,163 0 0
CACI INTL INC CL A 127190304 97,268 394,339 SH   DFND   394,339 0 0
CAPITAL SOUTHWEST CORP COM 140501107 377 17,000 SH   DFND   17,000 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 282 10,616 SH   DFND   10,616 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 2,865 281,457 SH   DFND   281,457 0 0
CATERPILLAR INC COM 149123101 1,829 7,888 SH   DFND   7,888 0 0
CBOE GLOBAL MARKETS INC COM 12503M108 43,174 437,473 SH   DFND   437,473 0 0
CBRE GROUP INC CL A 12504L109 3,939 49,795 SH   DFND   49,795 0 0
CENTERPOINT ENERGY INC COM 15189T107 350 15,472 SH   DFND   15,472 0 0
CHARLES RIV LABS INTL INC COM 159864107 35,009 120,792 SH   DFND   120,792 0 0
CHENIERE ENERGY INC COM NEW 16411R208 37,821 525,220 SH   DFND   525,220 0 0
CHENIERE ENERGY INC NOTE 4.250% 3/1 16411RAG4 29,800 36,475,500 PRN   DFND   36,475,500 0 0
CHEVRON CORP COM 166764100 1,717 16,388 SH   DFND   16,388 0 0
CISCO SYSTEMS INC COM 17275R102 1,999 38,657 SH   DFND   38,657 0 0
CIVEO CORP CDA COM NEW 17878Y207 49,672 3,244,441 SH   DFND   3,244,441 0 0
CLEARBRIDGE MLP AND MIDSTRM TR COM 18469Q207 200 9,986 SH   DFND   9,986 0 0
CME GROUP INC COM 12572Q105 32,807 160,638 SH   DFND   160,638 0 0
CMS ENERGY CORP COM 125896100 978 15,975 SH   DFND   15,975 0 0
COHEN & STEERS INC COM 19247A100 4,410 67,503 SH   DFND   67,503 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 755 54,233 SH   DFND   54,233 0 0
COLFAX CORP COM 194014106 4,835 110,361 SH   DFND   110,361 0 0
COLGATE PALMOLIVE CO COM 194162103 235 2,978 SH   DFND   2,978 0 0
COMCAST CORP NEW CL A 20030N101 408 7,532 SH   DFND   7,532 0 0
CONTANGO OIL & GAS COMPANY COM NEW 21075N204 39 10,068 SH   DFND   10,068 0 0
CORELOGIC INC COM 21871D103 1,353 17,070 SH   DFND   17,070 0 0
COSTAMARE INC SHS Y1771G102 2,282 237,237 SH   DFND   237,237 0 0
CRISPR THERAPEUTICS AG NAMEN AKT H17182108 746 6,125 SH   DFND   6,125 0 0
CSW INDUSTRIALS INC COM 126402106 1,512 11,200 SH   DFND   11,200 0 0
CSX CORP COM 126408103 236 2,444 SH   DFND   2,444 0 0
CUBIC CORP COM 229669106 369 4,952 SH   DFND   4,952 0 0
CVS HEALTH CORP COM 126650100 1,056 14,039 SH   DFND   14,039 0 0
DANAHER CORP COM 235851102 2,429 10,792 SH   DFND   10,792 0 0
DEERE & CO COM 244199105 327 875 SH   DFND   875 0 0
DISCOVERY INC COM SER A 25470F104 5,586 128,537 SH   DFND   128,537 0 0
DISCOVERY INC COM SER C 25470F302 2,596 70,365 SH   DFND   70,365 0 0
DISH NETWORK CORP CL A 25470M109 1,624 44,865 SH   DFND   44,865 0 0
DISNEY WALT CO COM DISNEY 254687106 1,245 6,745 SH   DFND   6,745 0 0
DNP SELECT INCOME FD COM 23325P104 130 13,113 SH   DFND   13,113 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 11,826 865,730 SH   DFND   865,730 0 0
DORMAN PRODUCTS INC COM 258278100 2,098 20,436 SH   DFND   20,436 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 4,215 232,093 SH   DFND   232,093 0 0
DOUBLELINE OPPORTUNISTIC CR COM 258623107 5,252 266,048 SH   DFND   266,048 0 0
DOW INC COM 260557103 271 4,246 SH   DFND   4,246 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 173 13,729 SH   DFND   13,729 0 0
EATON VANCE MUN BD FD COM 27827X101 279 20,955 SH   DFND   20,955 0 0
EATON VANCE NY MUN BD FD COM 27827Y109 303 24,865 SH   DFND   24,865 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105 276 20,001 SH   DFND   20,001 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 157 23,748 SH   DFND   23,748 0 0
EBAY INC COM 278642103 1,424 23,255 SH   DFND   23,255 0 0
ECHOSTAR CORP CL A 278768106 3,536 147,345 SH   DFND   147,345 0 0
EDITAS MEDICINE INC COM 28106W103 336 8,000 SH   DFND   8,000 0 0
ELI LILLY AND COMPANY COM 532457108 1,567 8,386 SH   DFND   8,386 0 0
EMERSON ELEC CO COM 291011104 1,611 17,856 SH   DFND   17,856 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 1,918 249,696 SH   DFND   249,696 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 2,910 132,153 SH   DFND   132,153 0 0
EOG RES INC COM 26875P101 274 3,782 SH   DFND   3,782 0 0
EQUITY COMMONWEALTH COM SH BEN INT 294628102 1,914 68,842 SH   DFND   68,842 0 0
EQUITY LIFESTYLE PPTYS INC COM 29472R108 13,906 218,512 SH   DFND   218,512 0 0
EXPEDIA GROUP INC COM NEW 30212P303 1,756 10,203 SH   DFND   10,203 0 0
EXXON MOBIL CORP COM 30231G102 2,803 50,206 SH   DFND   50,206 0 0
FEDERATED HERMES INC CL B 314211103 1,161 37,101 SH   DFND   37,101 0 0
FEDERATED HERMES PREM MUN INC FD COM 31423P108 605 41,657 SH   DFND   41,657 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP FNF GROUP COM 31620R303 1,847 45,436 SH   DFND   45,436 0 0
FIDELITY NATL INFORMATION SVC COM 31620M106 541 3,845 SH   DFND   3,845 0 0
FORTIVE CORP COM 34959J108 268 3,793 SH   DFND   3,793 0 0
FRANCO NEVADA CORP COM 351858105 96,196 767,786 SH   DFND   767,786 0 0
FREEPORT MCMORAN INC CL B 35671D857 4,167 126,555 SH   DFND   126,555 0 0
GALLAGHER ARTHUR J & CO COM 363576109 360 2,882 SH   DFND   2,882 0 0
GAMCO INVESTORS INC CL A COM 361438104 6,088 328,181 SH   DFND   328,181 0 0
GANNETT CO INC NEW COM 36472T109 54 10,075 SH   DFND   10,075 0 0
GENERAL ELECTRIC CO COM 369604103 872 66,403 SH   DFND   66,403 0 0
GENERAL MLS INC COM 370334104 242 3,950 SH   DFND   3,950 0 0
GENERAL MTRS CO COM 37045V100 1,714 29,825 SH   DFND   29,825 0 0
GENUINE PARTS CO COM 372460105 277 2,400 SH   DFND   2,400 0 0
GILEAD SCIENCES INC COM 375558103 712 11,017 SH   DFND   11,017 0 0
GLADSTONE LD CORP COM 376549101 649 35,446 SH   DFND   35,446 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 839 23,500 SH   DFND   23,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 405 1,240 SH   DFND   1,240 0 0
GRAHAM HLDGS CO COM 384637104 574 1,021 SH   DFND   1,021 0 0
GREENBRIER COS INC COM 393657101 340 7,200 SH   DFND   7,200 0 0
GREENLANE HLDGS INC CL A 395330103 53 10,000 SH   DFND   10,000 0 0
HONEYWELL INTL INC COM 438516106 1,427 6,573 SH   DFND   6,573 0 0
LISTED FD TR HORIZON KINETICS 53656F623 1,230 45,375 SH   DFND   45,375 0 0
HOWARD HUGHES CORP COM 44267D107 76,012 799,036 SH   DFND   799,036 0 0
IAA INC COM 449253103 9,265 168,019 SH   DFND   168,019 0 0
IAC INTERACTIVECORP NEW COM 44891N109 5,294 24,474 SH   DFND   24,474 0 0
ICAHN ENTERPRISES LP DEPOSITARY UNIT 451100101 31,932 594,421 SH   DFND   594,421 0 0
IHS MARKIT LTD SHS G47567105 19,444 200,907 SH   DFND   200,907 0 0
INTEL CORP COM 458140100 664 10,369 SH   DFND   10,369 0 0
INTELLIA THERAPEUTICS INC COM 45826J105 803 10,000 SH   DFND   10,000 0 0
INTER PARFUMS INC COM 458334109 13,516 190,552 SH   DFND   190,552 0 0
INTERCONTINENTAL EXCHANGE INC COM 45866F104 65,797 589,155 SH   DFND   589,155 0 0
INTL FLAVORS & FRAGRANCES COM 459506101 426 3,050 SH   DFND   3,050 0 0
INVESCO CURRENCYSHARES AUSTR AUSTRALIAN DOL 46090N103 324 4,280 SH   DFND   4,280 0 0
INVESCO CURRENCYSHARES CDN D CDN DLR SHS 46138T104 260 3,330 SH   DFND   3,330 0 0
INVESCO VALUE MUN INCOME TR COM 46132P108 567 36,163 SH   DFND   36,163 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 753 58,055 SH   DFND   58,055 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 610 4,308 SH   DFND   4,308 0 0
INVESCO SR INCOME TR COM 46131H107 49 11,613 SH   DFND   11,613 0 0
INVESCO TR INVT GRADE NEW YO COM 46131T101 137 10,414 SH   DFND   10,414 0 0
IONIS PHARMACEUTICALS INC COM 462222100 360 8,000 SH   DFND   8,000 0 0
IRON MTN INC NEW COM 46284V101 987 26,658 SH   DFND   26,658 0 0
ISHARES TR ISHS 1-5YR INVS 464288646 2,953 54,000 SH   DFND   54,000 0 0
ISHARES GOLD TR ISHARES 464285105 417 25,639 SH   DFND   25,639 0 0
ISHARES SILVER TR ISHARES 46428Q109 839 36,970 SH   DFND   36,970 0 0
ISHARES TR SHORT TREAS BD 464288679 1,557 14,085 SH   DFND   14,085 0 0
ISHARES TR GL TIMB FORE ETF 464288174 1,408 16,520 SH   DFND   16,520 0 0
ISHARES TR MICRO-CAP ETF 464288869 341 2,322 SH   DFND   2,322 0 0
JOHNSON & JOHNSON COM 478160104 3,046 18,537 SH   DFND   18,537 0 0
JP MORGAN CHASE & CO ISIN COM 46625H100 287 1,887 SH   DFND   1,887 0 0
JP MORGAN EXCHANGE TRADED FD ULTRA SHRT INC 46641Q837 1,052 20,727 SH   DFND   20,727 0 0
KAR AUCTION SVCS INC COM 48238T109 1,991 132,740 SH   DFND   132,740 0 0
KAYNE ANDERSON ENERGY INFRSTR COM 486606106 273 38,138 SH   DFND   38,138 0 0
KAYNE ANDERSON NEXTGEN ENERGY COM 48661E108 213 32,017 SH   DFND   32,017 0 0
KIMBELL RTY PARTNERS LP UNIT 49435R102 927 91,385 SH   DFND   91,385 0 0
KKR & CO INC COM 48251W104 247 5,058 SH   DFND   5,058 0 0
KLA-TENCOR CORP COM NEW 482480100 2,004 6,065 SH   DFND   6,065 0 0
KRAFT HEINZ COMPANY COM 500754106 352 8,792 SH   DFND   8,792 0 0
L3 HARRIS TECHNOLOGIES INC COM 502431109 1,994 9,838 SH   DFND   9,838 0 0
LAS VEGAS SANDS CORP COM 517834107 5,125 84,356 SH   DFND   84,356 0 0
LENDINGTREE INC NEW COM 52603B107 1,754 8,233 SH   DFND   8,233 0 0
LENNAR CORP CL A 526057104 550 5,435 SH   DFND   5,435 0 0
LIBERTY MEDIA CORP DEL COM A BRAVES GRP 531229706 987 34,605 SH   DFND   34,605 0 0
LIBERTY MEDIA CORP DEL COM C BRAVES GRP 531229888 1,535 55,180 SH   DFND   55,180 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 7,803 53,759 SH   DFND   53,759 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 41,371 275,532 SH   DFND   275,532 0 0
LIBERTY MEDIA CORP DEL COM SER A FRMLA 531229870 6,590 172,426 SH   DFND   172,426 0 0
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 9,761 225,474 SH   DFND   225,474 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 215 16,578 SH   DFND   16,578 0 0
LIBERTY MEDIA CORP DEL COM C SIRIUSXM 531229607 40,799 924,946 SH   DFND   924,946 0 0
LIBERTY MEDIA CORP DEL COM A SIRIUSXM 531229409 18,426 418,010 SH   DFND   418,010 0 0
LINDE PLC COM G5494J103 444 1,586 SH   DFND   1,586 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 3,051 236,483 SH   DFND   236,483 0 0
LIVE NATION ENTERTAINMENT INC COM 538034109 54,466 643,429 SH   DFND   643,429 0 0
LOEWS CORP COM 540424108 363 7,070 SH   DFND   7,070 0 0
M & T BK CORP COM 55261F104 235 1,550 SH   DFND   1,550 0 0
MADISON SQUARE GARDEN SPORTS CP CL A 55825T103 7,139 39,778 SH   DFND   39,778 0 0
MADISON SQUARE GRDN ENTERTNM CL A 55826T102 3,188 38,976 SH   DFND   38,976 0 0
MANTECH INTL CORP CL A 564563104 2,174 25,000 SH   DFND   25,000 0 0
MARATHON PETE CORP COM 56585A102 386 7,220 SH   DFND   7,220 0 0
MARKEL CORP COM 570535104 5,632 4,942 SH   DFND   4,942 0 0
MARKETAXESS HLDGS INC COM 57060D108 2,490 5,000 SH   DFND   5,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 4,144 34,021 SH   DFND   34,021 0 0
MASTERCARD INC CL A CL A 57636Q104 14,771 41,485 SH   DFND   41,485 0 0
MATCH GROUP INC NEW COM 57667L107 982 7,146 SH   DFND   7,146 0 0
MCDONALDS CORP COM 580135101 941 4,200 SH   DFND   4,200 0 0
MERCK & COMPANY COM 58933Y105 2,880 37,354 SH   DFND   37,354 0 0
MESABI TR CTF BEN INT 590672101 51,267 1,704,371 SH   DFND   1,704,371 0 0
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 2,492 488,614 SH   DFND   488,614 0 0
MICROSOFT COM 594918104 2,191 9,293 SH   DFND   9,293 0 0
MICROSTRATEGY INC CL A NEW 594972408 7,653 11,275 SH   DFND   11,275 0 0
MONDELEZ INTL INC CL A 609207105 1,317 22,505 SH   DFND   22,505 0 0
MOVADO GROUP INC COM 624580106 850 29,880 SH   DFND   29,880 0 0
MSG NETWORK INC CL A 553573106 1,373 91,288 SH   DFND   91,288 0 0
NASDAQ INC COM 631103108 5,906 40,052 SH   DFND   40,052 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 6,145 690,440 SH   DFND   690,440 0 0
NEUBERGER BERMAN MUNI FD INC COM 64124P101 565 35,562 SH   DFND   35,562 0 0
NEUBERGER BERMAN NY MUN FD INC COM 64124K102 363 29,549 SH   DFND   29,549 0 0
NEWELL BRANDS INC COM 651229106 301 11,227 SH   DFND   11,227 0 0
NEWMONT CORP COM 651639106 1,593 26,435 SH   DFND   26,435 0 0
NEXTERA ENERGY INC COM 65339F101 243 3,220 SH   DFND   3,220 0 0
NORFOLK SOUTHN CORP COM 655844108 1,312 4,886 SH   DFND   4,886 0 0
NOVARTIS AG SPONSORED ADR 66987V109 1,886 22,060 SH   DFND   22,060 0 0
NOVO-NORDISK A S ADR 670100205 522 7,740 SH   DFND   7,740 0 0
NUTRIEN LTD COM 67077M108 3,835 71,167 SH   DFND   71,167 0 0
NUVEEN AMT-FREE QLTY MUN INCOME COM 670657105 7,892 532,542 SH   DFND   532,542 0 0
NUVEEN DIV QLTY MUNI FD 3 COM SH BEN INT 67070X101 1,051 65,021 SH   DFND   65,021 0 0
NUVEEN DIVID AMT FREE MUNI CRED INC FD COM 67071L106 358 21,176 SH   DFND   21,176 0 0
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 564 59,169 SH   DFND   59,169 0 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 310 21,130 SH   DFND   21,130 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 1,023 71,660 SH   DFND   71,660 0 0
NUVEEN MUN HIGH INC OPP FD COM 670682103 175 12,099 SH   DFND   12,099 0 0
NUVEEN MUN VALUE FD INC COM 670928100 147 13,198 SH   DFND   13,198 0 0
NUVEEN NY AMT FREE QLTY MUN INC FD COM 670656107 1,348 98,746 SH   DFND   98,746 0 0
NUVEEN NY QLTY INCOME FD COM 67066X107 714 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 2,584 170,676 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 590 105,209 SH   DFND   105,209 0 0
NUVEEN TAXABLE MUNICIPAL INC FUND COM 67074C103 3,134 138,736 SH   DFND   138,736 0 0
NVIDIA CORP COM 67066G104 331 620 SH   DFND   620 0 0
OCCIDENTAL PETE CORP COM 674599105 261 9,800 SH   DFND   9,800 0 0
OSHKOSH CORP COM 688239201 19,952 168,145 SH   DFND   168,145 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 3,248 294,731 SH   DFND   294,731 0 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 400 12,000 SH   DFND   12,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 2,952 414,076 SH   DFND   414,076 0 0
PAYPAL HLDGS INC COM 70450Y103 19,502 80,308 SH   DFND   80,308 0 0
PCM FUND INC COM 69323T101 341 29,777 SH   DFND   29,777 0 0
PENSKE AUTOMOTIVE GRP INC COM 70959W103 20,229 252,108 SH   DFND   252,108 0 0
PEPSICO INC COM 713448108 595 4,204 SH   DFND   4,204 0 0
PERKINELMER INC COM 714046109 314 2,450 SH   DFND   2,450 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 1,344 337,772 SH   DFND   337,772 0 0
PFIZER INC COM 717081103 2,090 57,685 SH   DFND   57,685 0 0
PHILIP MORRIS INTL INC COM 718172109 2,095 23,603 SH   DFND   23,603 0 0
PIMCO DYNAMIC CREDIT AND MORTGAGE INCOME FD COM SHS 72202D106 971 43,606 SH   DFND   43,606 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 3,257 115,687 SH   DFND   115,687 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 1,966 74,751 SH   DFND   74,751 0 0
PIMCO INCOME STRATEGY FUND COM 72201H108 2,172 180,825 SH   DFND   180,825 0 0
PIMCO INCOME STRATEGY FUND II COM 72201J104 4,455 433,323 SH   DFND   433,323 0 0
PIMCO MUN INCOME FD II COM 72200W106 224 15,050 SH   DFND   15,050 0 0
PIMCO NY MUNICIPAL INCOME FD COM 72200T103 540 45,052 SH   DFND   45,052 0 0
PIONEER MUN HIGH INC ADV FD COM 723762100 154 13,060 SH   DFND   13,060 0 0
PIONEER MUN HIGH INCOME FD COM SHS 723763108 347 28,089 SH   DFND   28,089 0 0
POTLATCHDELTIC CORP NEW COM 737630103 823 15,558 SH   DFND   15,558 0 0
PROSHARES TR II SHT VIX ST TRM 74347W130 58,715 1,246,599 SH   DFND   1,246,599 0 0
QUEST DIAGNOSTICS INC COM 74834L100 618 4,812 SH   DFND   4,812 0 0
RAYONIER ADVANCED MATLS INC COM 75508B104 1,268 139,750 SH   DFND   139,750 0 0
RAYONIER INC COM 754907103 3,103 96,213 SH   DFND   96,213 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 902 11,671 SH   DFND   11,671 0 0
RENN FUND INC COM 759720105 368 140,017 SH   DFND   140,017 0 0
RESIDEO TECHNOLOGIES INC COM 76118Y104 2,222 78,650 SH   DFND   78,650 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 2,880 49,192 SH   DFND   49,192 0 0
ROCKWELL AUTOMATION INC COM 773903109 1,327 4,998 SH   DFND   4,998 0 0
ROYAL CARIBBEAN GROUP COM V7780T103 1,295 15,121 SH   DFND   15,121 0 0
ROYAL GOLD INC COM 780287108 18,148 168,627 SH   DFND   168,627 0 0
ROYALTY PHARMA PLC SHS CLASS A G7709Q104 2,171 49,765 SH   DFND   49,765 0 0
ROYCE MICRO-CAP TR INC COM 780915104 4,061 359,361 SH   DFND   359,361 0 0
S&P GLOBAL INC COM 78409V104 510 1,445 SH   DFND   1,445 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 291 9,591 SH   DFND   9,591 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 19,441 2,859,006 SH   DFND   2,859,006 0 0
SANOFI SPONSORED ADR 80105N105 841 17,000 SH   DFND   17,000 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 34,699 415,107 SH   DFND   415,107 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 925 48,000 SH   DFND   48,000 0 0
SEABOARD CORP DEL COM 811543107 354 96 SH   DFND   96 0 0
SEALED AIR COM 81211K100 1,669 36,435 SH   DFND   36,435 0 0
SIMULATIONS PLUS INC COM 829214105 276 4,367 SH   DFND   4,367 0 0
SONOCO PRODUCTS COM 835495102 1,396 22,050 SH   DFND   22,050 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 757 4,732 SH   DFND   4,732 0 0
SPDR SER TR OILGAS EQUIP 78468R549 318 5,975 SH   DFND   5,975 0 0
SPDR SERIES TRUST PORTFOLIO SHORT 78464A474 751 24,000 SH   DFND   24,000 0 0
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 231 17,259 SH   DFND   17,259 0 0
SQUARE INC CL A 852234103 250 1,103 SH   DFND   1,103 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,168 5,470 SH   DFND   5,470 0 0
STONECO LTD COM CL A G85158106 690 11,270 SH   DFND   11,270 0 0
STRYKER CORP COM 863667101 487 2,000 SH   DFND   2,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,286 61,539 SH   DFND   61,539 0 0
TELEFLEX INC COM 879369106 883 2,126 SH   DFND   2,126 0 0
TEXAS PACIFIC LAND CORPORATI COM 88262P102 2,476,227 1,557,934 SH   DFND   1,557,934 0 0
THE SAINT JOE CO COM 790148100 2,363 55,087 SH   DFND   55,087 0 0
TORONTO DOMINION BK ONT NEW COM NEW 891160509 1,324 20,300 SH   DFND   20,300 0 0
TRI POINTE HOMES INC COM 87265H109 3,666 180,062 SH   DFND   180,062 0 0
TRILOGY METALS INC COM 89621C105 35 16,572 SH   DFND   16,572 0 0
UNION PACIFIC CORP COM 907818108 1,342 6,087 SH   DFND   6,087 0 0
VAIL RESORTS INC COM 91879Q109 368 1,262 SH   DFND   1,262 0 0
VALMONT INDS INC COM 920253101 547 2,300 SH   DFND   2,300 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 2,772 61,588 SH   DFND   61,588 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189H607 790 4,135 SH   DFND   4,135 0 0
VANECK VECTORS GOLD MINERS ETF 92189F106 2,943 90,547 SH   DFND   90,547 0 0
VANGUARD INDEX FDS EXTEND MKT ETF 922908652 747 4,222 SH   DFND   4,222 0 0
VANGUARD INDEX FDS S&P500 ETF SHS 922908363 1,687 4,631 SH   DFND   4,631 0 0
VANGUARD INDEX TR TOTAL STK MKT 922908769 783 3,788 SH   DFND   3,788 0 0
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 11,840 192,457 SH   DFND   192,457 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1,808 21,919 SH   DFND   21,919 0 0
VERISK ANALYTICS INC CL A 92345Y106 4,441 25,135 SH   DFND   25,135 0 0
VERIZON COMMUNICATIONS COM 92343V104 1,428 24,554 SH   DFND   24,554 0 0
VIACOMCBS INC CL B 92556H206 589 13,052 SH   DFND   13,052 0 0
VIASAT INC COM 92552V100 677 14,088 SH   DFND   14,088 0 0
VIPER ENERGY PARTNERS LP COM UNT RP INT 92763M105 5,079 348,836 SH   DFND   348,836 0 0
VISA INC COM CL A 92826C839 6,352 30,001 SH   DFND   30,001 0 0
W P CAREY INC COM 92936U109 892 12,600 SH   DFND   12,600 0 0
WELBILT INC COM 949090104 292 18,000 SH   DFND   18,000 0 0
WENDYS COMPANY COM 95058W100 39,727 1,960,840 SH   DFND   1,960,840 0 0
WEST FRASER TIMBER LTD COM 952845105 4,644 64,459 SH   DFND   64,459 0 0
WEYERHAEUSER CO COM NEW 962166104 6,549 183,954 SH   DFND   183,954 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 95,858 2,508,711 SH   DFND   2,508,711 0 0
WHITE MOUNTAINS INSURANCE GROUP LTD COM G9618E107 1,152 1,033 SH   DFND   1,033 0 0
WILLIAMS COS INC COM 969457100 3,507 148,056 SH   DFND   148,056 0 0
WSTRN ASSET INFLATION LINKED OPPORT INC FD COM 95766R104 331 27,225 SH   DFND   27,225 0 0
WYNN RESORTS LTD COM 983134107 413 3,291 SH   DFND   3,291 0 0
ZIOPHARM ONCOLOGY INC COM 98973P101 122 34,000 SH   DFND   34,000 0 0
BARCLAYS BANK PLC IPTH SR B S&P 06746P621 8,280 217,900 SH Call DFND   217,900 0 0
PROSHARES TR II ULTRA VIX SHORT 74347W148 1,136 56,800 SH Call DFND   56,800 0 0
PROSHARES TR II VIX SH TRM FUTRS 74347W171 605 22,400 SH Call DFND   22,400 0 0
UNITED STS NAT GAS FD LP COM 912318300 992 62,000 SH Call DFND   62,000 0 0
UNITED STS OIL FD LP COM 91232N207 4,042 70,000 SH Call DFND   70,000 0 0