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

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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
ASSOCIATED CAP GROUP INC CL A 045528106 4,017 109,275 SH   SOLE   0 0 109,275
BOEING CO COM 097023105 871 7,190 SH   SOLE   0 0 7,190
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,651 9,928 SH   SOLE   0 0 9,928
CACI INTL INC CL A 127190304 6,130 23,480 SH   SOLE   0 0 23,480
CBOE GLOBAL MKTS INC COM 12503M108 1,157 9,855 SH   SOLE   0 0 9,855
CME GROUP INC COM 12572Q105 1,548 8,739 SH   SOLE   0 0 8,739
CORE SCIENTIFIC INC COMMON STOCK 21873J108 200 154,200 SH   SOLE   0 0 154,200
CIVEO CORP CDA COM NEW 17878Y207 8,656 344,433 SH   SOLE   0 0 344,433
DISNEY WALT CO COM 254687106 226 2,400 SH   SOLE   0 0 2,400
EBAY INC. COM 278642103 438 11,900 SH   SOLE   0 0 11,900
FRANCO NEV CORP COM 351858105 4,671 39,091 SH   SOLE   0 0 39,091
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 564 9,633 SH   SOLE   0 0 9,633
GAMCO INVS INC CL A COM 361438104 439 25,750 SH   SOLE   0 0 25,750
HOWARD HUGHES CORP COM 44267D107 963 17,383 SH   SOLE   0 0 17,383
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,027 11,365 SH   SOLE   0 0 11,365
MESABI TR CTF BEN INT 590672101 4,255 197,825 SH   SOLE   0 0 197,825
NUVEEN AMT FREE QLTY MUN INC COM 670657105 281 26,500 SH   SOLE   0 0 26,500
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 5,453 333,922 SH   SOLE   0 0 333,922
RENN FD INC COM 759720105 60 28,000 SH   SOLE   0 0 28,000
RLI CORP COM 749607107 614 6,000 SH   SOLE   0 0 6,000
RUMBLE INC COM 78137L105 670 54,700 SH   SOLE   0 0 54,700
SANDSTORM GOLD LTD COM NEW 80013R206 1,033 199,900 SH   SOLE   0 0 199,900
TEXAS PACIFIC LAND CORPORATI COM 88262P102 82,332 46,326 SH   SOLE   0 0 46,326
TEJON RANCH CO COM 879080109 3,435 238,525 SH   SOLE   0 0 238,525
MAMMOTH ENERGY SVCS INC COM 56155L108 38 11,250 SH   SOLE   0 0 11,250
WHEATON PRECIOUS METALS CORP COM 962879102 5,588 172,694 SH   SOLE   0 0 172,694