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
Ashford Hospitality Trust, Inc. Common Stocks 044103109 401 135,000 SH   SOLE   135,000 0 0
Ashford Inc. Common Stocks 044104107 2,932 92,223 SH   SOLE   92,223 0 0
Akorn, Inc. Common Stocks 009728106 77 15,000 SH   SOLE   15,000 0 0
Alaska Air Group, Inc. Common Stocks 011659109 1,804 28,226 SH   SOLE   28,226 0 0
Amgen Inc. Common Stocks 031162100 300 1,626 SH   SOLE   1,626 0 0
Amazon.com, Inc. Common Stocks 023135106 263 139 SH   SOLE   139 0 0
American National Insurance Company Common Stocks 028591105 408 3,500 SH   SOLE   3,500 0 0
Alibaba Group Holding Ltd. Sponsored ADR Common Stocks 01609W102 1,252 7,388 SH   SOLE   7,388 0 0
Biogen Inc. Common Stocks 09062X103 2,985 12,764 SH   SOLE   12,764 0 0
Booking Holdings Inc. Common Stocks 09857L108 1,318 703 SH   SOLE   703 0 0
Berkshire Hathaway Inc. Class B Common Stocks 084670702 3,848 18,050 SH   SOLE   18,050 0 0
Blackstone Group Inc. Class A Common Stocks 09260D107 859 19,341 SH   SOLE   19,341 0 0
Citigroup Inc. Common Stocks 172967424 1,120 16,000 SH   SOLE   16,000 0 0
CBS Corporation Class B Common Stocks 124857202 998 20,000 SH   SOLE   20,000 0 0
Carlyle Group L.P. Common Stocks 14309L102 961 42,500 SH   SOLE   42,500 0 0
Core Laboratories NV Common Stocks N22717107 1,941 37,134 SH   SOLE   37,134 0 0
Colony Capital, Inc. Class A Common Stocks 19626G108 237 47,300 SH   SOLE   47,300 0 0
Carrizo Oil & Gas, Inc. Common Stocks 144577103 150 15,000 SH   SOLE   15,000 0 0
CVS Health Corporation Common Stocks 126650100 2,700 49,547 SH   SOLE   49,547 0 0
Delta Air Lines, Inc. Common Stocks 247361702 1,305 23,000 SH   SOLE   23,000 0 0
Dropbox, Inc. Class A Common Stocks 26210C104 1,869 74,600 SH   SOLE   74,600 0 0
Electronic Arts Inc. Common Stocks 285512109 1,880 18,567 SH   SOLE   18,567 0 0
Eagle Bancorp Montana, Inc. Common Stocks 26942G100 1,323 79,700 SH   SOLE   79,700 0 0
Encana Corporation Common Stocks 292505104 154 30,000 SH   SOLE   30,000 0 0
Facebook, Inc. Class A Common Stocks 30303M102 2,173 11,261 SH   SOLE   11,261 0 0
GDL Fund Miscellaneous Equities 361570104 253 27,390 SH   SOLE   27,390 0 0
VanEck Vectors Gold Miners ETF Miscellaneous Equities 92189F106 6,185 241,978 SH   SOLE   241,978 0 0
VanEck Vectors Gold Miners ETF Miscellaneous Equities 92189F106 1,534 60,000 SH Call SOLE   60,000 0 0
Great Elm Capital Group, Inc. Common Stocks 39036P209 865 201,053 SH   SOLE   201,053 0 0
Gulf Island Fabrication, Inc. Common Stocks 402307102 149 21,000 SH   SOLE   21,000 0 0
Alphabet Inc. Class A Common Stocks 02079K305 1,085 1,002 SH   SOLE   1,002 0 0
Gulfport Energy Corporation Common Stocks 402635304 133 27,000 SH   SOLE   27,000 0 0
Grubhub, Inc. Common Stocks 400110102 1,326 17,000 SH   SOLE   17,000 0 0
W.W. Grainger, Inc. Common Stocks 384802104 966 3,600 SH   SOLE   3,600 0 0
Independence Contract Drilling, Inc. Common Stocks 453415309 119 75,000 SH   SOLE   75,000 0 0
iShares Core MSCI Emerging Markets ETF Miscellaneous Equities 46434G103 767 14,914 SH   SOLE   14,914 0 0
Intuitive Surgical, Inc. Common Stocks 46120E602 1,311 2,500 SH   SOLE   2,500 0 0
JD.com, Inc. Sponsored ADR Class A Common Stocks 47215P106 1,557 51,404 SH   SOLE   51,404 0 0
KKR & Co. Inc. Class A Common Stocks 48251W104 3,060 121,100 SH   SOLE   121,100 0 0
KraneShares CSI China Internet ETF Miscellaneous Equities 500767306 2,352 53,519 SH   SOLE   53,519 0 0
Liberty Global Plc Class C Common Stocks G5480U120 2,241 84,462 SH   SOLE   84,462 0 0
Loral Space & Communications Inc. Common Stocks 543881106 1,755 50,865 SH   SOLE   50,865 0 0
Mastech Digital, Inc. Common Stocks 57633B100 226 47,501 SH   SOLE   47,501 0 0
Magellan Midstream Partners, L.P. Common Stocks 559080106 1,792 28,000 SH   SOLE   28,000 0 0
Microsoft Corporation Common Stocks 594918104 262 1,957 SH   SOLE   1,957 0 0
Netflix, Inc. Common Stocks 64110L106 681 1,854 SH   SOLE   1,854 0 0
Novo Nordisk A/S Sponsored ADR Class B Common Stocks 670100205 2,042 40,000 SH   SOLE   40,000 0 0
VanEck Vectors Oil Services ETF Miscellaneous Equities 92189F718 573 38,639 SH   SOLE   38,639 0 0
Och-Ziff Capital Management Group, Inc. Class A Common Stocks 67551U204 3,148 137,105 SH   SOLE   137,105 0 0
Global X U.S. Preferred ETF Miscellaneous Equities 37954Y657 448 18,250 SH   SOLE   18,250 0 0
Invesco QQQ Trust Miscellaneous Equities 46090E103 342 1,834 SH   SOLE   1,834 0 0
Schwab Emerging Markets Equity ETF Miscellaneous Equities 808524706 472 17,999 SH   SOLE   17,999 0 0
Schwab International Equity ETF Miscellaneous Equities 808524805 1,237 38,542 SH   SOLE   38,542 0 0
Schwab U.S. Mid-Cap ETF Miscellaneous Equities 808524508 393 6,885 SH   SOLE   6,885 0 0
Charles Schwab Corporation Common Stocks 808513105 812 20,204 SH   SOLE   20,204 0 0
Schwab U.S. Large-Cap ETF Miscellaneous Equities 808524201 1,550 22,089 SH   SOLE   22,089 0 0
SEI Investments Company Common Stocks 784117103 2,592 46,195 SH   SOLE   46,195 0 0
Sony Corporation Sponsored ADR Common Stocks 835699307 3,725 71,100 SH   SOLE   71,100 0 0
Spotify Technology SA Common Stocks L8681T102 1,621 11,089 SH   SOLE   11,089 0 0
Trex Company, Inc. Common Stocks 89531P105 1,076 15,000 SH   SOLE   15,000 0 0
Take-Two Interactive Software, Inc. Common Stocks 874054109 920 8,100 SH   SOLE   8,100 0 0
Unisys Corporation Common Stocks 909214306 103 10,640 SH   SOLE   10,640 0 0
Vanguard Small-Cap ETF Miscellaneous Equities 922908751 224 1,428 SH   SOLE   1,428 0 0
Vanguard Short-Term Corporate Bond ETF Miscellaneous Equities 92206C409 3,986 49,400 SH   SOLE   49,400 0 0
Volt Information Sciences, Inc. Common Stocks 928703107 10,806 2,406,584 SH   SOLE   2,406,584 0 0
Viper Energy Partners LP Common Stocks 92763M105 2,229 72,327 SH   SOLE   72,327 0 0
Vanguard Mid-Cap ETF Miscellaneous Equities 922908629 208 1,246 SH   SOLE   1,246 0 0
Vanguard Large-Cap ETF Miscellaneous Equities 922908637 1,948 14,458 SH   SOLE   14,458 0 0
Wells Fargo & Company Common Stocks 949746101 946 20,000 SH   SOLE   20,000 0 0
SPDR S&P Oil & Gas Equipment & Services ETF Miscellaneous Equities 78464A748 1,829 190,328 SH   SOLE   190,328 0 0
SPDR S&P Homebuilders ETF Miscellaneous Equities 78464A888 252 6,035 SH   SOLE   6,035 0 0
Financial Select Sector SPDR Fund Miscellaneous Equities 81369Y605 305 11,057 SH   SOLE   11,057 0 0