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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ASSOCIATED CAP GROUP INC CL A 045528106   4,022,932 108,875 SH   SOLE   0 0 108,875
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   2,505,052 8,113 SH   SOLE   0 0 8,113
BOEING CO COM 097023105   1,096,139 5,160 SH   SOLE   0 0 5,160
CACI INTL INC CL A 127190304   7,067,760 23,855 SH   SOLE   0 0 23,855
CARNIVAL CORP COMMON STOCK 143658300   3,135,335 308,900 SH   SOLE   0 0 308,900
CBOE GLOBAL MKTS INC COM 12503M108   1,202,120 8,955 SH   SOLE   0 0 8,955
CIVEO CORP CDA COM NEW 17878Y207   7,061,867 341,979 SH   SOLE   0 0 341,979
CME GROUP INC COM 12572Q105   1,529,096 7,984 SH   SOLE   0 0 7,984
DISNEY WALT CO COM 254687106   240,312 2,400 SH   SOLE   0 0 2,400
EBAY INC. COM 278642103   208,539 4,700 SH   SOLE   0 0 4,700
FRANCO NEV CORP COM 351858105   6,131,314 42,053 SH   SOLE   0 0 42,053
HOWARD HUGHES CORP COM 44267D107   442,000 5,525 SH   SOLE   0 0 5,525
INTERCONTINENTAL EXCHANGE IN COM 45866F104   1,077,316 10,330 SH   SOLE   0 0 10,330
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854   428,627 5,728 SH   SOLE   0 0 5,728
MESABI TR CTF BEN INT 590672101   8,651,219 343,575 SH   SOLE   0 0 343,575
PERMIAN BASIN RTY TR UNIT BEN INT 714236106   8,106,817 332,247 SH   SOLE   0 0 332,247
RENN FD INC COM 759720105   49,000 28,000 SH   SOLE   0 0 28,000
RLI CORP COM 749607107   731,005 5,500 SH   SOLE   0 0 5,500
RUMBLE INC COM CL A 78137L105   422,000 42,200 SH   SOLE   0 0 42,200
SANDSTORM GOLD LTD COM NEW 80013R206   1,604,334 276,133 SH   SOLE   0 0 276,133
TEJON RANCH CO COM 879080109   4,215,346 230,725 SH   SOLE   0 0 230,725
TEXAS PACIFIC LAND CORPORATI COM 88262P102   73,135,679 42,995 SH   SOLE   0 0 42,995
WHEATON PRECIOUS METALS CORP COM 962879102   8,789,277 182,502 SH   SOLE   0 0 182,502