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
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208   2,106,987 42,292 SH   SOLE   0 0 42,292
MAREX GROUP PLC ORD G5S37H101   637,045 16,607 SH   SOLE   0 0 16,607
VALARIS LTD CL A G9460G101   1,385,647 27,493 SH   SOLE   0 0 27,493
VALARIS LTD *W EXP 04/29/202 G9460G119   147,238 83,658 SH   SOLE   0 0 83,658
CHECK POINT SOFTWARE TECH LT ORD M22465104   2,444,753 13,175 SH   SOLE   0 0 13,175
CRESUD S A C I F Y A *W EXP 03/09/202 P3311R259   388,709 310,967 SH   SOLE   0 0 310,967
DHT HOLDINGS INC SHS NEW Y2065G121   1,102,612 90,304 SH   SOLE   0 0 90,304
INTERNATIONAL SEAWAYS INC COM Y41053102   1,038,048 21,381 SH   SOLE   0 0 21,381
AFLAC INC COM 001055102   827,025 7,500 SH   SOLE   0 0 7,500
EA SERIES TRUST ALPHA ARCH 1-3 02072L565   6,633,213 57,630 SH   SOLE   0 0 57,630
ALPHABET INC CAP STK CL C 02079K107   1,797,133 7,727 SH   SOLE   0 0 7,727
BERKSHIRE HATHAWAY INC DEL CL A 084670108   4,528,800 6 SH   SOLE   0 0 6
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   10,636,074 21,160 SH   SOLE   0 0 21,160
BLACK STONE MINERALS L P COM UNIT 09225M101   7,717,716 580,716 SH   SOLE   0 0 580,716
BRITISH AMERN TOB PLC SPONSORED ADR 110448107   17,865,365 315,531 SH   SOLE   0 0 315,531
BUILDERS FIRSTSOURCE INC COM 12008R107   998,136 9,701 SH   SOLE   0 0 9,701
CANADIAN NAT RES LTD COM 136385101   7,725,924 228,240 SH   SOLE   0 0 228,240
CLEARPOINT NEURO INC COM 18507C103   160,453 11,729 SH   SOLE   0 0 11,729
ENTERPRISE PRODS PARTNERS L COM 293792107   4,468,266 139,372 SH   SOLE   0 0 139,372
EXPEDITORS INTL WASH INC COM 302130109   327,822 2,200 SH   SOLE   0 0 2,200
FRP HLDGS INC COM 30292L107   1,326,765 58,217 SH   SOLE   0 0 58,217
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   4,630,320 72,000 SH   SOLE   0 0 72,000
ISHARES TR 0-3 MNTH TREASRY 46436E718   3,563,189 35,497 SH   SOLE   0 0 35,497
MARAVAI LIFESCIENCES HLDGS I COM CL A 56600D107   325,254 100,078 SH   SOLE   0 0 100,078
MAXCYTE INC COM 57777K106   96,306 62,133 SH   SOLE   0 0 62,133
MID-AMER APT CMNTYS INC COM 59522J103   278,931 2,008 SH   SOLE   0 0 2,008
NEW ENGLAND RLTY ASSOC LTD P DEPOSITRY RCPT 644206104   557,022 8,636 SH   SOLE   0 0 8,636
PHILIP MORRIS INTL INC COM 718172109   17,109,387 106,667 SH   SOLE   0 0 106,667
SEACOR MARINE HLDGS INC COM 78413P101   934,485 155,230 SH   SOLE   0 0 155,230
SPDR S&P 500 ETF TR TR UNIT 78462F103   3,704,189 5,432 SH   SOLE   0 0 5,432
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858   14,623,540 234,089 SH   SOLE   0 0 234,089
VIRTU FINL INC CL A 928254101   2,751,632 82,582 SH   SOLE   0 0 82,582
WARRIOR MET COAL INC COM 93627C101   3,443,215 39,052 SH   SOLE   0 0 39,052