The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it 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 |
| Alphabet Inc. | CAP STK CL A | 02079K305 | 905,580 | 6,000 | SH | SOLE | 0 | 6,000 | 0 | 0 | |
| Amarin Corporation PLC | COM | 023111206 | 2,120,104 | 2,380,000 | SH | DFND | 1 | 0 | 2,380,000 | 0 | |
| Amazon.Com Inc. | COM | 023135106 | 1,803,800 | 10,000 | SH | SOLE | 0 | 10,000 | 0 | 0 | |
| Anterix Inc | COM | 03676C100 | 8,402,500 | 250,000 | SH | DFND | 1 | 0 | 250,000 | 0 | |
| Avidbank Holdings, Inc. | COM | 05368J103 | 1,340,066 | 69,650 | SH | DFND | 1 | 0 | 69,650 | 0 | |
| BKF Capital Group, Inc. | COM | 05548G201 | 712,465 | 29,380 | SH | DFND | 1 | 0 | 29,380 | 0 | |
| British American Tobacco - ADR | SPONSORED ADR | 110448107 | 457,500 | 15,000 | SH | SOLE | 0 | 15,000 | 0 | 0 | |
| Chart Industries Inc. | COM | 16115Q308 | 2,388,440 | 14,500 | SH | DFND | 1 | 0 | 14,500 | 0 | |
| The Walt Disney Company | COM | 254687106 | 367,080 | 3,000 | SH | SOLE | 0 | 3,000 | 0 | 0 | |
| DocGo | COM | 256086109 | 141,533 | 35,033 | SH | SOLE | 0 | 35,033 | 0 | 0 | |
| Farmers & Merchants Bank | COM | 308243104 | 974,400 | 203 | SH | SOLE | 0 | 203 | 0 | 0 | |
| Federal Life Group Inc. | COM | 313533101 | 875 | 100 | SH | SOLE | 0 | 100 | 0 | 0 | |
| Standard Biotools Inc. | COM | 34385P108 | 2,656,071 | 980,100 | SH | DFND | 1 | 0 | 980,100 | 0 | |
| Great Lakes Dredge & Dock | COM | 390607109 | 4,375,000 | 500,000 | SH | DFND | 1 | 0 | 500,000 | 0 | |
| Gulf Coast Ultra Deep Rty Trust Unit | UNIT BEN INT | 40222T104 | 8,537 | 721,942 | SH | SOLE | 0 | 721,942 | 0 | 0 | |
| Gyrodyne, LLC | COM | 403829104 | 13,247 | 1,596 | SH | SOLE | 0 | 1,596 | 0 | 0 | |
| Helmerich & Payne Inc. | COM | 423452101 | 2,103,000 | 50,000 | SH | DFND | 1 | 0 | 50,000 | 0 | |
| Hugoton Realty Trust TEX Unit Ben Int | UNIT BEN INT | 444717102 | 99,714 | 190,440 | SH | SOLE | 0 | 190,440 | 0 | 0 | |
| Intel Corp. | COM | 458140100 | 2,960,494 | 67,025 | SH | SOLE | 0 | 67,025 | 0 | 0 | |
| Madison Square Garden Entertainment | COM CL A | 558256103 | 5,881,500 | 150,000 | SH | DFND | 1 | 0 | 150,000 | 0 | |
| Madison Square Garden Sports | CL A | 55825T103 | 4,889,780 | 26,500 | SH | DFND | 1 | 0 | 26,500 | 0 | |
| Mid-Southern Bancorp | COM | 59548Q107 | 2,437,194 | 169,485 | SH | DFND | 1 | 0 | 169,485 | 0 | |
| Mistras Group | COM | 60649T107 | 9,177,600 | 960,000 | SH | DFND | 1 | 0 | 960,000 | 0 | |
| Moderna | COM | 60770K107 | 213,120 | 2,000 | SH | SOLE | 0 | 2,000 | 0 | 0 | |
| Bunge Limited | COM | 616962105 | 22,554,400 | 220,000 | SH | DFND | 1 | 0 | 220,000 | 0 | |
| PayPal Holdings | COM | 70450Y103 | 2,679,600 | 40,000 | SH | DFND | 1 | 0 | 40,000 | 0 | |
| Permian Basin Rlty Trust | UNIT BEN INT | 714236106 | 167,476 | 13,841 | SH | SOLE | 0 | 13,841 | 0 | 0 | |
| Plains All American Pipeline | UNIT LTD PARTN | 726503105 | 4,139,805 | 235,752 | SH | SOLE | 0 | 235,752 | 0 | 0 | |
| Positive Phyisicians Holdings Inc | COM | 73740G106 | 5,850 | 900 | SH | SOLE | 0 | 900 | 0 | 0 | |
| S&W Seed Company | COM | 785135104 | 8,439,707 | 17,448,226 | SH | DFND | 1 | 0 | 17,448,226 | 0 | |
| San Juan Basin Realty Trust Unit | UNIT BEN INT | 798241105 | 305,037 | 57,663 | SH | SOLE | 0 | 57,663 | 0 | 0 | |
| Palladyne AI Corp | COM NEW | 80359A106 | 355,587 | 196,457 | SH | DFND | 1 | 0 | 196,457 | 0 | |
| Palladyne AI Corp | COM NEW | 80359A106 | 145,099 | 80,165 | SH | SOLE | 0 | 80,165 | 0 | 0 | |
| SIGA Technologies | COM | 826917106 | 3,595,200 | 420,000 | SH | DFND | 1 | 0 | 420,000 | 0 | |
| Tejon Ranch Co. | COM | 879080109 | 822,848 | 53,397 | SH | DFND | 1 | 0 | 53,397 | 0 | |
| Trinity Place Holdings Inc. | COM | 89656D101 | 1,384,893 | 9,232,617 | SH | DFND | 1 | 0 | 9,232,617 | 0 | |
| Victory Capital Holding - A | COM CL A | 92645B103 | 2,095,660 | 49,391 | SH | SOLE | 0 | 49,391 | 0 | 0 | |
| Alkermes PLC | SHS | G01767105 | 2,707,000 | 100,000 | SH | DFND | 1 | 0 | 100,000 | 0 | |
| Mural Oncology PLC | ORD SHS | G63365103 | 56,235 | 11,500 | SH | DFND | 1 | 0 | 11,500 | 0 | |
| DHT Holdings Inc | SHS NEW | Y2065G121 | 2,133,354 | 185,509 | SH | DFND | 1 | 0 | 185,509 | 0 | |