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
ACTIVISION BLIZZARD INC COM 00507V109 3,969 75,000 SH   DFND 1,2,3 75,000 0 0
ACTIVISION BLIZZARD INC COM 00507V109 159 3,000 SH   DFND 2,3 3,000 0 0
ADECOAGRO S A COM L00849106 3,317 568,893 SH   DFND 1,2,3 568,893 0 0
ALPHABET INC CAP STK CL A 02079K305 11,828 9,686 SH   DFND 1,2,3 9,686 0 0
ALPHABET INC CAP STK CL A 02079K305 321 263 SH   DFND 2,3 263 0 0
AMAZON COM INC COM 023135106 2,083 1,200 SH   DFND 1,2,3 1,200 0 0
AMAZON COM INC COM 023135106 660 380 SH   DFND 2,3 380 0 0
AVON PRODS INC COM 054303102 27,820 6,322,719 SH   DFND 1,2,3 6,322,719 0 0
BANCO MACRO SA SPON ADR B 05961W105 62,420 2,398,934 SH   DFND 1,2,3 2,398,934 0 0
BANCO MACRO SA SPON ADR B 05961W105 307 11,800 SH   DFND 2,3 11,800 0 0
BANK AMER CORP COM 060505104 117 4,000 SH   DFND 2,3 4,000 0 0
BARRICK GOLD CORPORATION COM 067901108 117,586 6,785,137 SH   DFND 1,2,3 6,785,137 0 0
BARRICK GOLD CORPORATION COM 067901108 291 16,808 SH   DFND 2,3 16,808 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 312 1,500 SH   DFND 2,3 1,500 0 0
BOOKING HLDGS INC COM 09857L108 2,080 1,060 SH   DFND 1,2,3 1,060 0 0
CADIZ INC COM NEW 127537207 9,109 729,338 SH   DFND 1,2,3 729,338 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 10,014 24,299 SH   DFND 1,2,3 24,299 0 0
CHEVRON CORP NEW COM 166764100 2,016 17,000 SH   DFND 1,2,3 17,000 0 0
CISCO SYS INC COM 17275R102 1,156 23,386 SH   DFND 1,2,3 23,386 0 0
CITIGROUP INC COM NEW 172967424 3,454 50,000 SH   DFND 1,2,3 50,000 0 0
COLONY CAP INC NEW CL A COM 19626G108 40,341 6,701,114 SH   DFND 1,2,3 6,701,114 0 0
COMCAST CORP NEW CL A 20030N101 33,504 743,222 SH   DFND 1,2,3 743,222 0 0
CSX CORP COM 126408103 111 1,600 SH   DFND 2,3 1,600 0 0
D R HORTON INC COM 23331A109 656 12,450 SH   DFND 2,3 12,450 0 0
DEERE & CO COM 244199105 2,362 14,000 SH   DFND 1,2,3 14,000 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 2,758 448,425 SH   DFND 1,2,3 448,425 0 0
DISNEY WALT CO COM DISNEY 254687106 2,085 16,000 SH   DFND 1,2,3 16,000 0 0
DISNEY WALT CO COM DISNEY 254687106 707 5,425 SH   DFND 2,3 5,425 0 0
EAGLE MATERIALS INC COM 26969P108 178 1,975 SH   DFND 2,3 1,975 0 0
ERICSSON ADR B SEK 10 294821608 2,874 360,149 SH   DFND 1,2,3 360,149 0 0
EURONAV NV ANTWERPEN SHS B38564108 8,088 879,148 SH   DFND 1,2,3 879,148 0 0
F M C CORP COM NEW 302491303 14,870 169,592 SH   DFND 1,2,3 169,592 0 0
FOX CORP CL A COM 35137L105 10,166 322,320 SH   DFND 1,2,3 322,320 0 0
FOX CORP CL A COM 35137L105 24 750 SH   DFND 2,3 750 0 0
FRONTLINE LTD SHS NEW G3682E192 27,773 3,049,761 SH   DFND 1,2,3 3,049,761 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 41 200 SH   DFND 2,3 200 0 0
GRUPO FINANCIERO GALICIA S A SPONSORED ADR 399909100 8,467 651,318 SH   DFND 1,2,3 651,318 0 0
GRUPO SUPERVIELLE S A SPONSORED ADR 40054A108 1,857 578,623 SH   DFND 1,2,3 578,623 0 0
JPMORGAN CHASE & CO COM 46625H100 9,349 79,440 SH   DFND 1,2,3 79,440 0 0
JPMORGAN CHASE & CO COM 46625H100 391 3,325 SH   DFND 2,3 3,325 0 0
KINROSS GOLD CORP COM 496902404 20,144 4,379,144 SH   DFND 1,2,3 4,379,144 0 0
LAS VEGAS SANDS CORP COM 517834107 2,022 35,000 SH   DFND 1,2,3 35,000 0 0
MARTIN MARIETTA MATLS INC COM 573284106 2,741 10,000 SH   DFND 1,2,3 10,000 0 0
MERCADOLIBRE INC COM 58733R102 932 1,691 SH   DFND 1,2,3 1,691 0 0
MICROSOFT CORP COM 594918104 36,868 265,183 SH   DFND 1,2,3 265,183 0 0
MICROSOFT CORP COM 594918104 466 3,350 SH   DFND 2,3 3,350 0 0
MONDELEZ INTL INC CL A 609207105 2,766 50,000 SH   DFND 1,2,3 50,000 0 0
NEWMONT GOLDCORP CORPORATION COM 651639106 474 12,500 SH   DFND 2,3 12,500 0 0
NOVAGOLD RES INC COM NEW 66987E206 4,886 805,000 SH   DFND 1,2,3 805,000 0 0
OCCIDENTAL PETE CORP COM 674599105 3,380 76,000 SH   DFND 1,2,3 76,000 0 0
OCCIDENTAL PETE CORP COM 674599105 391 8,800 SH   DFND 2,3 8,800 0 0
PLUG POWER INC COM NEW 72919P202 38,630 14,688,086 SH   DFND 1,2,3 14,688,086 0 0
SCULPTOR CAP MGMT COM CL A 811246107 9,920 509,235 SH   DFND 1,2,3 509,235 0 0
SEADRILL LTD COM G7998G106 7,859 3,740,662 SH   DFND 1,2,3 3,740,662 0 0
SONY CORP SPONSORED ADR 835699307 48,308 816,980 SH   DFND 1,2,3 816,980 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 46 400 SH   DFND 2,3 400 0 0
STARS GROUP INC COM 85570W100 65,090 4,346,200 SH   DFND 1,2,3 4,346,200 0 0
T MOBILE US INC COM 872590104 19,065 242,029 SH   DFND 1,2,3 242,029 0 0
THE CHARLES SCHWAB CORPORATI COM 808513105 1,126 26,910 SH   DFND 1,2,3 26,910 0 0
TRANSOCEAN LTD REG SHS H8817H100 134 30,000 SH   DFND 2,3 30,000 0 0
VALARIS PLC SHS CLASS A G9402V109 43,917 9,130,272 SH   DFND 1,2,3 9,130,272 0 0
VALARIS PLC SHS CLASS A G9402V109 104 21,703 SH   DFND 2,3 21,703 0 0
VIASAT INC COM 92552V100 155,264 2,061,387 SH   DFND 1,2,3 2,061,387 0 0
VIASAT INC COM 92552V100 38 500 SH   DFND 2,3 500 0 0
VISA INC COM CL A 92826C839 2,769 16,100 SH   DFND 1,2,3 16,100 0 0
VULCAN MATLS CO COM 929160109 2,571 17,000 SH   DFND 1,2,3 17,000 0 0