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 |
Allison Transmission Holdings, Inc. | COM | 01973R101 | 894 | 22,500 | SH | | DFND | 1 | 0 | 22,500 | 0 |
Alphabet Inc. | CAP STK CL A | 02079K305 | 8,058 | 3,300 | SH | | DFND | 1 | 0 | 3,300 | 0 |
Alphabet Inc. | CAP STK CL A | 02079K305 | 7,325 | 3,000 | SH | | SOLE | 0 | 3,000 | 0 | 0 |
Amazon.Com Inc. | COM | 023135106 | 12,041 | 3,500 | SH | | SOLE | 0 | 3,500 | 0 | 0 |
Amerant Bancorp Inc. | COM | 023576101 | 6,029 | 281,996 | SH | | DFND | 1 | 0 | 281,996 | 0 |
Amerant Bancorp Inc. B Shares | COM | 023576200 | 3,265 | 167,083 | SH | | DFND | 1 | 0 | 167,083 | 0 |
Anterix Inc | COM | 03676C100 | 33,654 | 561,000 | SH | | DFND | 1 | 0 | 561,000 | 0 |
At Home Group Inc | COM | 04650Y100 | 5,526 | 150,000 | SH | | DFND | 1 | 0 | 150,000 | 0 |
Atlantic Capital Bancshares | COM | 048269203 | 24,189 | 950,093 | SH | | DFND | 1 | 0 | 950,093 | 0 |
BCB Bancorp, Inc. | COM | 055298103 | 13,730 | 1,020,808 | SH | | DFND | 1 | 0 | 1,020,808 | 0 |
BKF Capital Group, Inc. | COM | 05548G201 | 353 | 29,380 | SH | | DFND | 1 | 0 | 29,380 | 0 |
BRT Realty Trust | COM | 055645303 | 768 | 44,317 | SH | | DFND | 1 | 0 | 44,317 | 0 |
Baker Hughes Company | COM | 05722G100 | 114 | 5,000 | SH | | SOLE | 0 | 5,000 | 0 | 0 |
The Bancorp Bank | COM | 05969A105 | 9,377 | 407,500 | SH | | DFND | 1 | 0 | 407,500 | 0 |
Banc of California, Inc. | COM | 05990K106 | 19,935 | 1,136,532 | SH | | DFND | 1 | 0 | 1,136,532 | 0 |
Bank of San Francisco | COM | 064774102 | 2,685 | 102,687 | SH | | DFND | 1 | 0 | 102,687 | 0 |
Bausch Health Companies Inc. | COM | 071734107 | 3,592 | 122,500 | SH | | DFND | 1 | 0 | 122,500 | 0 |
Blackberry Limited | COM | 09228F103 | 9,776 | 800,000 | SH | | DFND | 1 | 0 | 800,000 | 0 |
Blackberry Limited | COM | 09228F103 | 611 | 50,000 | SH | | SOLE | 0 | 50,000 | 0 | 0 |
British American Tobacco - ADR | SPONSORED ADR | 110448107 | 590 | 15,000 | SH | | SOLE | 0 | 15,000 | 0 | 0 |
CIBL, Inc. | COM | 12543Y104 | 371 | 215 | SH | | DFND | 1 | 0 | 215 | 0 |
CIT Group Inc. | COM NEW | 125581801 | 32,791 | 635,600 | SH | | DFND | 1 | 0 | 635,600 | 0 |
CIT Group Inc. | COM NEW | 125581801 | 516 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
CM Life Sciences III Inc | UNIT 04/30/2028 | 125841205 | 5,475 | 500,000 | SH | | DFND | 1 | 0 | 500,000 | 0 |
CM Life Sciences II - A | CL A | 125842104 | 3,678 | 300,000 | SH | | DFND | 1 | 0 | 300,000 | 0 |
CM Life Sciences II WTS | *W EXP 03/01/202 | 125842112 | 324 | 60,000 | SH | | DFND | 1 | 0 | 60,000 | 0 |
Camden Property Trust | SH BEN INT | 133131102 | 2,653 | 20,000 | SH | | DFND | 1 | 0 | 20,000 | 0 |
Carbon Energy Corp | COM | 14115T208 | 174 | 52,778 | SH | | DFND | 1 | 0 | 52,778 | 0 |
Carter Bankshares | COM | 146103106 | 1,982 | 158,400 | SH | | DFND | 1 | 0 | 158,400 | 0 |
Constellation Brands | COM | 21036P108 | 819 | 3,500 | SH | | DFND | 1 | 0 | 3,500 | 0 |
Continental Resources Inc. | COM | 212015101 | 761 | 20,000 | SH | | SOLE | 0 | 20,000 | 0 | 0 |
Crimson Wine Group Ltd. | COM | 22662X100 | 10,443 | 1,142,600 | SH | | DFND | 1 | 0 | 1,142,600 | 0 |
Crown Holdings, Inc. | COM | 228368106 | 1,022 | 10,000 | SH | | DFND | 1 | 0 | 10,000 | 0 |
Devon Energy Corp. New | COM | 25179M103 | 701 | 24,000 | SH | | SOLE | 0 | 24,000 | 0 | 0 |
Discovery INC - A | COM SER A | 25470F104 | 1,687 | 55,000 | SH | | DFND | 1 | 0 | 55,000 | 0 |
Discovery INC - C | COM SER C | 25470F302 | 2,898 | 100,000 | SH | | DFND | 1 | 0 | 100,000 | 0 |
Dolby Laboratories Inc. | COM CL A | 25659T107 | 21,267 | 216,369 | SH | | DFND | 1 | 0 | 216,369 | 0 |
Dolby Laboratories Inc. | COM CL A | 25659T107 | 320 | 3,255 | SH | | SOLE | 0 | 3,255 | 0 | 0 |
Dow Inc. | COM | 260557103 | 1,279 | 20,212 | SH | | SOLE | 0 | 20,212 | 0 | 0 |
Du Pont E I De Nemours & Co | COM | 26614N102 | 1,565 | 20,212 | SH | | SOLE | 0 | 20,212 | 0 | 0 |
Edgewell Personal Care Company | COM | 28035Q102 | 2,165 | 49,307 | SH | | DFND | 1 | 0 | 49,307 | 0 |
eHealth, Inc. | COM | 28238P109 | 2,920 | 50,000 | SH | | DFND | 1 | 0 | 50,000 | 0 |
Equity Residential | SH BEN INT | 29476L107 | 2,310 | 30,000 | SH | | DFND | 1 | 0 | 30,000 | 0 |
ES Bancshares, Inc | COM | 296049109 | 3,258 | 658,183 | SH | | DFND | 1 | 0 | 658,183 | 0 |
EXFO, Inc. | SUB VTG SHS | 302046107 | 1,190 | 200,000 | SH | | DFND | 1 | 0 | 200,000 | 0 |
Exxon Mobil Corp. | COM | 30231G102 | 694 | 11,000 | SH | | SOLE | 0 | 11,000 | 0 | 0 |
FFBW Inc. | COM | 30260M103 | 3,340 | 293,022 | SH | | DFND | 1 | 0 | 293,022 | 0 |
Facebook Inc. | COM | 30303M102 | 3,614 | 10,395 | SH | | SOLE | 0 | 10,395 | 0 | 0 |
Falcon Capital Acquisition Corp | COM CL A | 30606L108 | 657 | 70,757 | SH | | DFND | 1 | 0 | 70,757 | 0 |
Falcon Capital Acquisition Warrant 8/20/27 | *W EXP 08/20/202 | 30606L116 | 48 | 26,666 | SH | | DFND | 1 | 0 | 26,666 | 0 |
Farmers & Merchants Bank | COM | 308243104 | 1,665 | 203 | SH | | SOLE | 0 | 203 | 0 | 0 |
Federal Life Group, Inc. | COM | 313533101 | 1 | 100 | SH | | DFND | 1 | 0 | 100 | 0 |
Federal Life Group, Inc. | COM | 313533101 | 1 | 100 | SH | | SOLE | 0 | 100 | 0 | 0 |
Ferrellgas Partners, LP | LTD PARTNR INT | 315293209 | 793 | 33,896 | SH | | DFND | 1 | 0 | 33,896 | 0 |
First Bank | COM | 31931U102 | 2,709 | 200,100 | SH | | DFND | 1 | 0 | 200,100 | 0 |
First Citizens BancShares | COM | 31946M202 | 583 | 777 | SH | | DFND | 1 | 0 | 777 | 0 |
First of Long Island Corp | COM | 320734106 | 1,805 | 85,000 | SH | | DFND | 1 | 0 | 85,000 | 0 |
Franklin Resources Inc. | COM | 354613101 | 12,796 | 400,000 | SH | | DFND | 1 | 0 | 400,000 | 0 |
Franklin Resources Inc. | COM | 354613101 | 1,201 | 37,530 | SH | | SOLE | 0 | 37,530 | 0 | 0 |
GAMCO Investors, Inc. | COM | 361438104 | 1,584 | 63,124 | SH | | DFND | 1 | 0 | 63,124 | 0 |
Goldman Sachs Group Inc. | COM | 38141G104 | 1,898 | 5,000 | SH | | SOLE | 0 | 5,000 | 0 | 0 |
W.R. Grace & Co. | COM | 38388F108 | 17,626 | 255,000 | SH | | DFND | 1 | 0 | 255,000 | 0 |
Great Lakes Dredge & Dock | COM | 390607109 | 731 | 50,000 | SH | | DFND | 1 | 0 | 50,000 | 0 |
Groupon, Inc. | COM | 399473107 | 432 | 10,000 | SH | | SOLE | 0 | 10,000 | 0 | 0 |
Gulf Coast Ultra Deep Rty Trust Unit | UNIT BEN INT | 40222T104 | 125 | 5,000,000 | SH | | DFND | 1 | 0 | 5,000,000 | 0 |
Gulf Coast Ultra Deep Rty Trust Unit | UNIT BEN INT | 40222T104 | 18 | 721,942 | SH | | SOLE | 0 | 721,942 | 0 | 0 |
Gyrodyne, LLC | COM | 403829104 | 1,077 | 80,850 | SH | | DFND | 1 | 0 | 80,850 | 0 |
Gyrodyne, LLC | COM | 403829104 | 62 | 4,658 | SH | | SOLE | 0 | 4,658 | 0 | 0 |
Helmerich & Payne Inc. | COM | 423452101 | 3,263 | 100,000 | SH | | DFND | 1 | 0 | 100,000 | 0 |
Hess Corporation | COM | 42809H107 | 1,596 | 18,282 | SH | | SOLE | 0 | 18,282 | 0 | 0 |
Hexcel Corp | COM | 428291108 | 12,355 | 198,000 | SH | | DFND | 1 | 0 | 198,000 | 0 |
Highwoods Properties | COM | 431284108 | 474 | 10,483 | SH | | DFND | 1 | 0 | 10,483 | 0 |
Hugoton Realty Trust TEX Unit Ben Int | COM | 444717102 | 1 | 8,719 | SH | | DFND | 1 | 0 | 8,719 | 0 |
Hugoton Realty Trust TEX Unit Ben Int | UNIT BEN INT | 444717102 | 27 | 190,440 | SH | | SOLE | 0 | 190,440 | 0 | 0 |
ICC Holdings, Inc. | COM | 44931Q104 | 795 | 49,630 | SH | | DFND | 1 | 0 | 49,630 | 0 |
Intel Corp. | COM | 458140100 | 47,298 | 842,500 | SH | | DFND | 1 | 0 | 842,500 | 0 |
Intel Corp. | COM | 458140100 | 66,640 | 1,187,025 | SH | | SOLE | 0 | 1,187,025 | 0 | 0 |
Investors Bancorp, Inc. | COM | 46146L101 | 9,554 | 670,000 | SH | | DFND | 1 | 0 | 670,000 | 0 |
Ironwood Pharmaceuticals | COM CL A | 46333X108 | 6,692 | 520,000 | SH | | DFND | 1 | 0 | 520,000 | 0 |
Jefferies Financial Group | COM | 47233W109 | 2,651 | 77,500 | SH | | DFND | 1 | 0 | 77,500 | 0 |
Kansas City Southern | COM PAR $0.01 | 485170302 | 29,754 | 105,000 | SH | | DFND | 1 | 0 | 105,000 | 0 |
Kearny Financial Corp. | COM NEW | 48716P108 | 2,242 | 187,646 | SH | | DFND | 1 | 0 | 187,646 | 0 |
Kohl's Corp. | COM | 500255104 | 2,756 | 50,000 | SH | | DFND | 1 | 0 | 50,000 | 0 |
LICT Corp. | COM | 50187G104 | 6,600 | 275 | SH | | DFND | 1 | 0 | 275 | 0 |
Laboratory Corporation of America | COM | 50540R409 | 27,585 | 100,000 | SH | | DFND | 1 | 0 | 100,000 | 0 |
Las Vegas Sands Corp. | COM | 517834107 | 221 | 4,195 | SH | | SOLE | 0 | 4,195 | 0 | 0 |
Loral Space & Communications Inc. | COM NEW | 543881106 | 8,024 | 206,542 | SH | | DFND | 1 | 0 | 206,542 | 0 |
Madison Square Garden Sports | COM | 55825T103 | 1,639 | 9,500 | SH | | DFND | 1 | 0 | 9,500 | 0 |
Madison Square Garden Sports | CL A | 55825T103 | 106 | 612 | SH | | SOLE | 0 | 612 | 0 | 0 |
Madison Square Garden Entertainment | COM | 55826T102 | 3,149 | 37,500 | SH | | DFND | 1 | 0 | 37,500 | 0 |
Madison Square Garden Entertainment | CL A | 55826T102 | 51 | 612 | SH | | SOLE | 0 | 612 | 0 | 0 |
Meridian Corp. | COM | 58958P104 | 7,088 | 270,000 | SH | | DFND | 1 | 0 | 270,000 | 0 |
Mid-Southern Bancorp | COM | 59548Q107 | 2,695 | 169,485 | SH | | DFND | 1 | 0 | 169,485 | 0 |
Bunge Limited | COM | 616962105 | 30,869 | 395,000 | SH | | DFND | 1 | 0 | 395,000 | 0 |
Bunge Limited | COM | 616962105 | 3,126 | 40,000 | SH | | SOLE | 0 | 40,000 | 0 | 0 |
Nathans Famous Inc. | COM | 632347100 | 761 | 10,675 | SH | | DFND | 1 | 0 | 10,675 | 0 |
New Senior Investment Group | COM | 648691103 | 88 | 10,000 | SH | | DFND | 1 | 0 | 10,000 | 0 |
News Corp | COM | 65249B109 | 11,983 | 465,000 | SH | | DFND | 1 | 0 | 465,000 | 0 |
NI Holdings Inc. | COM | 65342T106 | 10,052 | 528,791 | SH | | DFND | 1 | 0 | 528,791 | 0 |
Northeast Bancorp | COM | 663904209 | 6,919 | 231,637 | SH | | DFND | 1 | 0 | 231,637 | 0 |
One Liberty Properties, Inc. | COM | 682406103 | 7,835 | 275,963 | SH | | DFND | 1 | 0 | 275,963 | 0 |
PDL Community Bancorp | COM | 69290X101 | 1,158 | 84,804 | SH | | DFND | 1 | 0 | 84,804 | 0 |
PG&E Corporation | COM | 69331C108 | 51 | 5,000 | SH | | DFND | 1 | 0 | 5,000 | 0 |
Palantir Tech | CL A | 69608A108 | 732 | 27,769 | SH | | SOLE | 0 | 27,769 | 0 | 0 |
Park Aerospace Corp | COM | 70014A104 | 1,811 | 121,522 | SH | | DFND | 1 | 0 | 121,522 | 0 |
Party City Holdco | COM | 702149105 | 2,333 | 250,000 | SH | | DFND | 1 | 0 | 250,000 | 0 |
Peapack-Gladstone Financial Corp. | COM | 704699107 | 4,525 | 145,650 | SH | | DFND | 1 | 0 | 145,650 | 0 |
Permian Basin Rlty Trust | UNIT BEN INT | 714236106 | 78 | 13,841 | SH | | SOLE | 0 | 13,841 | 0 | 0 |
Plains All American Pipeline | UNIT LTD PARTN | 726503105 | 4,629 | 407,500 | SH | | DFND | 1 | 0 | 407,500 | 0 |
Plains All American Pipeline | UNIT LTD PARTN | 726503105 | 126 | 11,081 | SH | | SOLE | 0 | 11,081 | 0 | 0 |
Plains GP Holdings LP | LTD PARTNR INT A | 72651A207 | 1,985 | 166,130 | SH | | DFND | 1 | 0 | 166,130 | 0 |
Plains GP Holdings LP | LTD PARTNR INT A | 72651A207 | 1,128 | 94,388 | SH | | SOLE | 0 | 94,388 | 0 | 0 |
Popular, Inc. | COM UNIT RP IN | 733174700 | 23,513 | 313,296 | SH | | DFND | 1 | 0 | 313,296 | 0 |
Positive Phyisicians Holdings Inc | COM | 73740G106 | 5 | 450 | SH | | DFND | 1 | 0 | 450 | 0 |
Positive Phyisicians Holdings Inc | COM | 73740G106 | 5 | 450 | SH | | SOLE | 0 | 450 | 0 | 0 |
Provident Bancorp Inc | COM NEW | 74383L105 | 938 | 57,500 | SH | | DFND | 1 | 0 | 57,500 | 0 |
QualComm Inc. | COM | 747525103 | 105 | 732 | SH | | SOLE | 0 | 732 | 0 | 0 |
Resources Connection Inc | COM | 76122q105 | 790 | 55,000 | SH | | DFND | 1 | 0 | 55,000 | 0 |
Ruth's Hospitality Group, Inc. | COM | 783332109 | 2,229 | 96,800 | SH | | DFND | 1 | 0 | 96,800 | 0 |
S&W Seed Company | COM | 785135104 | 58,425 | 16,050,785 | SH | | DFND | 1 | 0 | 16,050,785 | 0 |
William H. Sadlier, Inc. | COM | 786327106 | 711 | 21,217 | SH | | DFND | 1 | 0 | 21,217 | 0 |
San Juan Basin Realty Trust Unit | UNIT BEN INT | 798241105 | 515 | 100,240 | SH | | SOLE | 0 | 100,240 | 0 | 0 |
Scholastic Corporation | COM | 807066105 | 12,193 | 321,808 | SH | | DFND | 1 | 0 | 321,808 | 0 |
SIGA Technologies | COM | 826917106 | 7,573 | 1,205,900 | SH | | DFND | 1 | 0 | 1,205,900 | 0 |
Skyworks Solutions Inc. | COM | 83088M102 | 371 | 1,936 | SH | | SOLE | 0 | 1,936 | 0 | 0 |
SolarWinds | COM | 83417Q204 | 3,125 | 185,000 | SH | | DFND | 1 | 0 | 185,000 | 0 |
Starboard Value Acq Corp | COM CL A | 85521J109 | 1,500 | 150,000 | SH | | DFND | 1 | 0 | 150,000 | 0 |
Steel Holdings LP Ltd Prshp Unit | LTD PRTRSHIP U | 85814R107 | 168 | 5,773 | SH | | SOLE | 0 | 5,773 | 0 | 0 |
Tastemaker Acquisition Corp | COM CL A | 876545104 | 592 | 60,875 | SH | | DFND | 1 | 0 | 60,875 | 0 |
Tastemaker ACQ WNT | *W EXP 01/07/202 | 876545112 | 23 | 30,437 | SH | | DFND | 1 | 0 | 30,437 | 0 |
Tejon Ranch Co. | COM | 879080109 | 6,974 | 458,523 | SH | | DFND | 1 | 0 | 458,523 | 0 |
Texas Capital Bancshares, Inc. | COM | 88224Q107 | 13,809 | 217,500 | SH | | DFND | 1 | 0 | 217,500 | 0 |
Textron, Inc. | COM | 883203101 | 6,877 | 100,000 | SH | | DFND | 1 | 0 | 100,000 | 0 |
Tidewater Warrant Exp 11/24/24 | *W EXP 11/24/202 | 88642R174 | 2 | 7,444 | SH | | DFND | 1 | 0 | 7,444 | 0 |
Traditions Bancorp Inc | COM | 89269L102 | 3,156 | 144,100 | SH | | DFND | 1 | 0 | 144,100 | 0 |
Trinity Place Holdings Inc. | COM | 89656D101 | 14,155 | 6,708,538 | SH | | DFND | 1 | 0 | 6,708,538 | 0 |
TWC Tech Holdings II Corp | COM | 90117G105 | 596 | 60,000 | SH | | DFND | 1 | 0 | 60,000 | 0 |
TWC Tech Holdings Warrant 9/15/27 | *W EXP 09/15/202 | 90117G113 | 35 | 20,000 | SH | | DFND | 1 | 0 | 20,000 | 0 |
Twitter | COM | 90184L102 | 20,643 | 300,000 | SH | | DFND | 1 | 0 | 300,000 | 0 |
ViasSat, Inc. | COM | 92552v100 | 1,545 | 31,000 | SH | | DFND | 1 | 0 | 31,000 | 0 |
Viemed Healthcare | COM | 92663R105 | 6,009 | 840,476 | SH | | DFND | 1 | 0 | 840,476 | 0 |
Vornado Realty Trust | SH BEN INT | 929042109 | 5,125 | 109,814 | SH | | DFND | 1 | 0 | 109,814 | 0 |
Waterstone Financial Inc. | COM | 94188P101 | 11,291 | 574,300 | SH | | DFND | 1 | 0 | 574,300 | 0 |
Wells Fargo & Co. | COM | 949746101 | 9,058 | 200,000 | SH | | DFND | 1 | 0 | 200,000 | 0 |
Westlake Chemical Corp. | COM | 960413102 | 6,937 | 77,000 | SH | | DFND | 1 | 0 | 77,000 | 0 |
William Penn Bancorp | COM | 96927A105 | 5,415 | 455,000 | SH | | DFND | 1 | 0 | 455,000 | 0 |
Wright Investors Service Holdings | COM | 982345100 | 146 | 594,097 | SH | | DFND | 1 | 0 | 594,097 | 0 |
Alkermes PLC | SHS | G01767105 | 12,260 | 500,000 | SH | | DFND | 1 | 0 | 500,000 | 0 |
Brookfield Property Partners LP | UNIT LTD PARTN | G16249107 | 3,381 | 178,400 | SH | | DFND | 1 | 0 | 178,400 | 0 |
Genesis Park Acquisition | SHS CL A | G38245109 | 1,031 | 100,000 | SH | | DFND | 1 | 0 | 100,000 | 0 |
Invesco Ltd. | SHS | G491BT108 | 2,948 | 110,300 | SH | | DFND | 1 | 0 | 110,300 | 0 |
Nielsen Holdings PLC | SHS EUR | G6518L108 | 5,239 | 212,368 | SH | | DFND | 1 | 0 | 212,368 | 0 |
Sarissa Capital Acquisition Corp | CL A | G7823W102 | 645 | 65,000 | SH | | DFND | 1 | 0 | 65,000 | 0 |
Sarissa Capital Acq Warrants 10/23/27 | *W EXP 10/23/202 | G7823W110 | 29 | 21,666 | SH | | DFND | 1 | 0 | 21,666 | 0 |
Pioneer Merger Corp. | CL A SHS | G7S24C103 | 991 | 100,000 | SH | | DFND | 1 | 0 | 100,000 | 0 |
Pioneer Merger Corp Warrant 1/7/26 | *W EXP 01/07/202 | G7S24C111 | 54 | 33,332 | SH | | DFND | 1 | 0 | 33,332 | 0 |
TechnipFMC plc | COM | G87110105 | 2,258 | 249,500 | SH | | DFND | 1 | 0 | 249,500 | 0 |
Chubb Limited | COM | h1467j104 | 4,053 | 25,500 | SH | | DFND | 1 | 0 | 25,500 | 0 |
Atlas Corp. | SHARES | Y0436Q109 | 641 | 45,000 | SH | | DFND | 1 | 0 | 45,000 | 0 |