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
AbbVie Inc. Common 00287Y109 2,870 32,769 SH   DFND 2 32,769 0 0
AbbVie Inc. Common 00287Y109 438 5,000 SH   DFND 1 5,000 0 0
AC Immune SA Common H00263105 26 5,309 SH   DFND 2 5,309 0 0
ADMA Biologics, Inc. Common 000899104 156 65,157 SH   DFND 2 65,157 0 0
Alexion Pharamaceuticals, Inc. Common 015351109 1,373 12,000 SH   DFND 2 12,000 0 0
Alerian MLP Common 00162Q452 2 120 SH   DFND 1 120 0 0
Alimera Sciences, Inc. Common 016259103 390 80,194 SH   DFND 2 80,194 0 0
Alkermes PLC Common G01767105 630 38,000 SH   DFND 2 38,000 0 0
AllianceBernstein Holding PL Unit Ltd. Common 01881G106 41 1,500 SH   DFND 1 1,500 0 0
AllianceBernstein Holding PL Unit Ltd. Common 01881G106 1,325 49,000 SH   DFND 1 49,000 0 0
Alphabet Inc-Cl C Common 02079K107 8,230 5,600 SH   DFND 2 5,600 0 0
ALX Oncology. Inc Common 00166B105 113 3,000 SH   DFND 2 3,000 0 0
Apollo Global Management, Inc. Common 03768E105 13,425 300,000 SH   DFND 2 300,000 0 0
Apple Inc. Common 037833100 243 2,100 SH   DFND 1 2,100 0 0
Apple Inc. Common 037833100 243 2,100 SH   DFND 1 2,100 0 0
AT&T Inc. Common 00206R102 58 2,050 SH   DFND 1 2,050 0 0
AT&T Inc. Common 00206R102 570 20,000 SH   DFND 1 20,000 0 0
Aurinia Pharmaceuticals Inc. Common 05156V102 1,983 134,600 SH   DFND 2 134,600 0 0
Bank Nova Scotia Halifax Common 064149107 17 400 SH   DFND 1 400 0 0
BioCryst Pharmaceuticals, Inc. Common 09058V103 1,365 397,361 SH   DFND 2 397,361 0 0
BioDelivery Sciences International, Inc. Common 09060J106 1,798 481,930 SH   DFND 2 481,930 0 0
Bristol-Myers Squibb Company Common 110122108 2,798 46,409 SH   DFND 2 46,409 0 0
Bristol-Myers Squibb Company - CVR Common 110122157 12 5,200 SH   DFND 2 5,200 0 0
Calumet Specialty Products Partners, LP Common 131476103 5,100 2,000,000 SH   DFND 2 2,000,000 0 0
Calumet Specialty Products Partners, LP Common 131476103 51 20,000 SH   DFND 1 20,000 0 0
Canadian Natural Resources Inc. Common 136385101 293 18,285 SH   DFND 1 18,285 0 0
Canadian Natural Resources Inc. Common 136385101 220 13,750 SH   DFND 1 13,750 0 0
Capitol Federal Financial Inc. Common 14057J101 54 5,800 SH   DFND 1 5,800 0 0
Cardiff Oncology, Inc. Common 14147L108 71 5,000 SH   DFND 2 5,000 0 0
Check Cap Ltd. Common M2361E203 1 2,224 SH   DFND 2 2,224 0 0
ChemoCentryx, Inc. Common 16383L106 361 6,587 SH   DFND 2 6,587 0 0
Chemours Co. Common 163851108 15 720 SH   DFND 1 720 0 0
Chemours Co. Common 163851108 9 440 SH   DFND 1 440 0 0
Cidara Therapeutics, Inc. Common 171757107 1,160 407,061 SH   DFND 2 407,061 0 0
Coco Cola Common 191216100 286 5,800 SH   DFND 1 5,800 0 0
Coco Cola Common 191216100 375 7,600 SH   DFND 1 7,600 0 0
Coherus Biosciences, Inc. Common 19249H103 1,825 99,493 SH   DFND 2 99,493 0 0
Collegium Pharmaceutical, Inc. Common 19459J104 622 29,862 SH   DFND 2 29,862 0 0
Colony Cap Inc. Common 19626G108 4 1,466 SH   DFND 1 1,466 0 0
Conagra Brands Common 205887102 357 10,000 SH   DFND 1 10,000 0 0
Corteva Inc. Common 22052L104 43 1,494 SH   DFND 1 1,494 0 0
Corteva Inc. Common 22052L104 318 11,051 SH   DFND 1 11,051 0 0
Cousins Properties Common 222795502 96 3,357 SH   DFND 1 3,357 0 0
Cytokinetics, Incorporated Common 23282W605 343 15,837 SH   DFND 2 15,837 0 0
Dow Inc. Common 260557103 70 1,494 SH   DFND 1 1,494 0 0
Dow Inc. Common 260557103 500 10,624 SH   DFND 1 10,624 0 0
Dupont De Nemours Inc. Common 26614N102 83 1,494 SH   DFND 1 1,494 0 0
Dupont De Nemours Inc. Common 26614N102 589 10,624 SH   DFND 1 10,624 0 0
Eagle Materials Common 26969P108 20 228 SH   DFND 1 228 0 0
Eiger BioPharmaceuticals, Inc. Common 28249U105 2,241 275,348 SH   DFND 2 275,348 0 0
Eli Lilly Inc. Common 532457108 44 300 SH   DFND 1 300 0 0
FibroGen, Inc. Common 31572Q808 811 19,715 SH   DFND 2 19,715 0 0
Fortress Trans & Infrastructure Inv. LLC Common 34960P101 11,991 700,000 SH   DFND 2 700,000 0 0
FNB Corporation Common 302520101 60 8,905 SH   DFND 1 8,905 0 0
FS Bancorp Common 30263Y104 87 2,117 SH   DFND 1 2,117 0 0
FS Bancorp Common 30263Y104 60 1,460 SH   DFND 1 1,460 0 0
FS KKR Capital Corp. Common 302635107 5,551 350,000 SH   DFND 2 350,000 0 0
FS KKR Capital Corp. Common 302635107 255 16,050 SH   DFND 1 16,050 0 0
FS KKR Capital Corp. Common 302635107 462 29,125 SH   DFND 1 29,125 0 0
General Electric Common 369604103 22 3,480 SH   DFND 1 3,480 0 0
General Electric Common 369604103 7 1,200 SH   DFND 1 1,200 0 0
Gilead Sciences, Inc. Common 375558103 695 11,000 SH   DFND 2 11,000 0 0
Globus Medical, Inc. Common 379577208 144 2,900 SH   DFND 2 2,900 0 0
Heritage NOLA Bancorp Inc. Common 42727P108 97 9,000 SH   DFND 1 9,000 0 0
Horizon Therapeutics Public Ltd. Company Common G46188101 2,915 37,531 SH   DFND 2 37,531 0 0
International Business Machines Common 459200101 521 4,284 SH   DFND 1 4,284 0 0
International Gaming Technologies Common G4863A108 1,113 100,000 SH   DFND 2 100,000 0 0
International Gaming Technologies Common G4863A108 83 7,500 SH   DFND 1 7,500 0 0
iShares Nasdaq Biotechnology ETF Common 464287556 135 1,000 SH   DFND 2 1,000 0 0
Johnson & Johnson Common 478160104 756 5,080 SH   DFND 1 5,080 0 0
Johnson & Johnson Common 478160104 328 2,200 SH   DFND 1 2,200 0 0
JP Morgan Chase Common 46625H100 1,372 14,250 SH   DFND 1 14,250 0 0
JP Morgan Chase Common 46625H100 847 8,800 SH   DFND 1 8,800 0 0
Kadmon Holdings, Inc. Common 48283N106 2,399 612,000 SH   DFND 2 612,000 0 0
Kimberly Clark Corporation Common 494368103 886 6,000 SH   DFND 1 6,000 0 0
Kennedy-Wilson Holdings, Inc. Common 489398107 3,049 210,000 SH   DFND 2 210,000 0 0
KKR & Co. Inc. Common 48251W104 3,434 100,000 SH   DFND 2 100,000 0 0
Krystal Biotech, Inc. Common 501147102 305 7,079 SH   DFND 2 7,079 0 0
Legacy Housing Corporation Common 52472M101 68 5,000 SH   DFND 1 5,000 0 0
Legacy Housing Corporation Common 52472M101 55 4,000 SH   DFND 1 4,000 0 0
Ligand Pharmaceuticals Incorporated Common 53220K504 22,610 237,198 SH   DFND 2 237,198 0 0
Ligand Pharmaceuticals Incorporated Common 53220K504 858 9,000 SH   DFND 1 9,000 0 0
Ligand Pharmaceuticals Incorporated Common 53220K504 176 1,843 SH   DFND 1 1,843 0 0
LKQ Corporation Common 501889208 4,160 150,000 SH   DFND 2 150,000 0 0
Midwest Holding Inc. Common 59833J206 1,247 83,344 SH   DFND 2 83,344 0 0
MPLX LP Common 55336V100 1,574 100,000 SH   DFND 2 100,000 0 0
Macquarie Infrastructure Corporation Common 55608B105 89 3,300 SH   DFND 1 3,300 0 0
Macquarie Infrastructure Corporation Common 55608B105 265 9,850 SH   DFND 1 9,850 0 0
Medtronics Common G5960L103 109 1,050 SH   DFND 1 1,050 0 0
Merck & Co. Inc. Common 58993Y105 66 800 SH   DFND 1 800 0 0
Merck & Co. Inc. Common 58993Y105 41 500 SH   DFND 1 500 0 0
Microsoft Corporation Common 594918104 84 400 SH   DFND 1 400 0 0
Microsoft Corporation Common 594918104 210 1,000 SH   DFND 1 1,000 0 0
Mondelez Int'l Inc. Common 609207105 167 2,900 SH   DFND 1 2,900 0 0
Mondelez Int'l Inc. Common 609207105 747 13,000 SH   DFND 1 13,000 0 0
Occidental Pete Corp Common 674599105 17 1,700 SH   DFND 1 1,700 0 0
Occidental Pete Corp Common 674599105 13 1,273 SH   DFND 1 1,273 0 0
Occidental Pete Corp wts exp 8/3/27 Common 674599162 0 212 SH   DFND 1 212 0 0
Occidental Pete Corp wts exp 8/3/27 Common 674599162 0 158 SH   DFND 1 158 0 0
Peoples United Financial Common 712704105 15 1,500 SH   DFND 1 1,500 0 0
Pfizer Inc. Common 717081103 1,134 30,900 SH   DFND 1 30,900 0 0
Pfizer Inc. Common 717081103 3,707 101,000 SH   DFND 1 101,000 0 0
Protara Therapeutics, Inc. Common 74365U107 134 7,948 SH   DFND 2 7,948 0 0
Radius Health Inc. Common 750469207 545 48,034 SH   DFND 2 48,034 0 0
Relmada Therapeutics, Inc. Common 75955J402 113 3,000 SH   DFND 2 3,000 0 0
RMR Group Inc. Common 74967R106 0 16 SH   DFND 1 16 0 0
Ryman Hospitality Ppty Inc. Common 78377T107 442 12,000 SH   DFND 1 12,000 0 0
Ryman Hospitality Ppty Inc. Common 78377T107 15 400 SH   DFND 1 400 0 0
Sculptor Capital Management Common 811246107 2 200 SH   DFND 1 200 0 0
Service Ppty Trust Common 81761L102 8 1,000 SH   DFND 1 1,000 0 0
South Street Corporation Common 840441109 75 1,548 SH   DFND 1 1,548 0 0
South Street Corporation Common 840441109 26 534 SH   DFND 1 534 0 0
Starwood Ppty Common 85571B105 6 400 SH   DFND 1 400 0 0
Stericycle, Inc. Common 858912108 10,090 160,000 SH   DFND 2 160,000 0 0
Strongbridge Biopharma PLC Common G85347105 781 372,000 SH   DFND 2 372,000 0 0
TG Therapeutics Inc. Common 88322Q108 1,359 50,773 SH   DFND 2 50,773 0 0
The Kraft Heinz Company Common 500754106 91 3,035 SH   DFND 1 3,035 0 0
The Kraft Heinz Company Common 500754106 36 1,199 SH   DFND 1 1,199 0 0
Total SA Common 89151E109 81 2,360 SH   DFND 1 2,360 0 0
Total SA Common 89151E109 17 500 SH   DFND 1 500 0 0
Trillium Therapeutics Inc. Common 89620X506 2,504 176,215 SH   DFND 2 176,215 0 0
uniQure N.V. Common N90064101 1,142 31,000 SH   DFND 2 31,000 0 0
Upland Software, Inc. Common 91544A109 15,325 406,500 SH   DFND 2 406,500 0 0
Vapotherm, Inc. Common 922107107 1,421 49,000 SH   DFND 2 49,000 0 0
Valley National Bancorp Common 919794107 64 9,280 SH   DFND 1 9,280 0 0
Valley National Bancorp Common 919794107 22 3,200 SH   DFND 1 3,200 0 0
Verizon Communications Inc. Common 92343V104 79 1,320 SH   DFND 1 1,320 0 0
Verizon Communications Inc. Common 92343V104 1,011 16,991 SH   DFND 1 16,991 0 0
Verrica Pharmaceuticals, Inc. Common 92511W108 357 46,125 SH   DFND 2 46,125 0 0
Viking Therapeutics, Inc. Common 92686J106 1,269 218,102 SH   DFND 2 218,102 0 0
WABTEC Common 929740108 1 17 SH   DFND 1 17 0 0
WABTEC Common 929740108 0 6 SH   DFND 1 6 0 0
WP Carey Common 92936U109 391 6,000 SH   DFND 1 6,000 0 0
Xenon Pharmaceuticals Inc. Common 98420N105 1,959 177,000 SH   DFND 2 177,000 0 0
Zogenix, Inc. Common 98978L204 2,021 112,707 SH   DFND 2 112,707 0 0