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
3M CO COM 88579Y101 897,791 4,260,791 SH   SOLE   4,049,215 0 211,576
AEROJET ROCKETDYNE HLDGS INC COM 007800105 38,870 1,143,569 SH   DFND 1 0 1,143,569 0
AGNICO EAGLE MINES LTD COM 008474108 422,959 12,374,275 SH   SOLE   11,874,374 0 499,901
ALAMOS GOLD INC NEW COM CL A 011532108 13,618 2,964,338 SH   SOLE   2,964,338 0 0
ALBEMARLE CORP COM 012653101 49,283 493,915 SH   DFND 1 0 493,915 0
ALBEMARLE CORP COM 012653101 3,105 1,500 SH Call DFND 1 0 1,500 0
ALEXION PHARMACEUTICALS INC COM 015351109 37,614 270,582 SH   DFND 1 0 270,582 0
ALLEGHANY CORP DEL COM 017175100 435,345 667,164 SH   SOLE   634,748 0 32,416
ALLERGAN PLC SHS G0177J108 28,286 148,500 SH   DFND 1 0 148,500 0
ALPHABET INC CAP STK CL C 02079K107 279,539 234,224 SH   SOLE   218,044 0 16,180
ALPHABET INC CAP STK CL A 02079K305 219,318 181,693 SH   SOLE   174,141 0 7,552
AMERICAN EXPRESS CO COM 025816109 847,520 7,958,683 SH   SOLE   7,545,803 0 412,880
AMERIPRISE FINL INC COM 03076C106 3,149 21,324 SH   SOLE   21,324 0 0
ANALOG DEVICES INC COM 032654105 307,644 3,327,315 SH   SOLE   3,145,398 0 181,917
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 13,007 1,515,964 SH   SOLE   1,515,964 0 0
ANTHEM INC COM 036752103 52,093 190,085 SH   DFND 1 0 190,085 0
ANTHEM INC COM 036752103 756,933 2,762,026 SH   SOLE   2,621,593 0 140,433
AON PLC SHS CL A G0408V102 27,233 177,089 SH   DFND 1 0 177,089 0
ARADIGM CORP COM PAR 038505400 3,848 3,375,253 SH   SOLE   3,375,253 0 0
ARC GROUP WORLDWIDE INC COM 00213H105 3,582 2,171,197 SH   SOLE   2,171,197 0 0
ARQULE INC COM 04269E107 91,019 16,081,128 SH   SOLE   16,081,128 0 0
ARSANIS INC COM 042873109 201 124,381 SH   SOLE   124,381 0 0
B2GOLD CORP COM 11777Q209 27,720 12,170,500 SH   SOLE   12,170,500 0 0
BALL CORP COM 058498106 55,427 1,259,997 SH   DFND 1 0 1,259,997 0
BALL CORP COM 058498106 613 533 SH Call DFND 1 0 533 0
BANK NEW YORK MELLON CORP COM 064058100 971,931 19,061,204 SH   SOLE   18,083,894 0 977,310
BARRICK GOLD CORP COM 067901108 449,739 40,590,158 SH   SOLE   38,850,530 0 1,739,628
BB&T CORP COM 054937107 814,016 16,770,001 SH   SOLE   15,911,327 0 858,674
BERKSHIRE HATHAWAY INC DEL CL A 084670108 502,720 1,571 SH   SOLE   1,486 0 85
BLACKBERRY LTD COM 09228F103 47,947 4,213,303 SH   DFND 1 0 4,213,303 0
BLOCK H & R INC COM 093671105 163,085 6,333,413 SH   SOLE   6,018,324 0 315,089
BOOKING HLDGS INC COM 09857L108 20,755 10,461 SH   SOLE   9,883 0 578
BROWN & BROWN INC COM 115236101 341,017 11,532,523 SH   SOLE   10,903,087 0 629,436
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 615,173 6,282,404 SH   SOLE   5,975,310 0 307,094
CANADIAN NAT RES LTD COM 136385101 151,698 4,640,075 SH   SOLE   4,451,541 0 188,534
CENOVUS ENERGY INC COM 15135U109 276,365 27,553,847 SH   SOLE   26,266,994 0 1,286,853
CHEMOURS CO COM 163851108 71,128 1,803,455 SH   DFND 1 0 1,803,455 0
CHEMOURS CO COM 163851108 290 2,000 SH Put DFND 1 0 2,000 0
CINCINNATI FINL CORP COM 172062101 206,212 2,684,709 SH   SOLE   2,550,036 0 134,673
CINTAS CORP COM 172908105 174,963 884,499 SH   SOLE   836,773 0 47,726
COLGATE PALMOLIVE CO COM 194162103 748,023 11,172,866 SH   SOLE   10,633,666 0 539,200
COMCAST CORP NEW CL A 20030N101 1,186,519 33,508,018 SH   SOLE   31,675,748 0 1,832,270
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 194,827 6,983,064 SH   SOLE   6,903,958 0 79,106
CONDUENT INC COM 206787103 23,771 1,055,536 SH   DFND 1 0 1,055,536 0
CONOCOPHILLIPS COM 20825C104 456,289 5,895,208 SH   SOLE   5,596,148 0 299,060
CUI GLOBAL INC COM NEW 126576206 7,683 3,445,292 SH   SOLE   3,445,292 0 0
CUMMINS INC COM 231021106 287,557 1,968,622 SH   SOLE   1,859,584 0 109,038
CURIS INC COM NEW 231269200 8,866 4,980,995 SH   SOLE   4,980,995 0 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 100,511 2,538,805 SH   SOLE   2,538,805 0 0
DEERE & CO COM 244199105 722,808 4,808,140 SH   SOLE   4,574,581 0 233,559
DENTSPLY SIRONA INC COM 24906P109 232,326 6,155,959 SH   SOLE   5,821,734 0 334,225
DEVON ENERGY CORP NEW COM 25179M103 192,293 4,814,553 SH   SOLE   4,558,516 0 256,037
DURECT CORP COM 266605104 24,724 22,476,546 SH   SOLE   22,476,546 0 0
EAGLE PHARMACEUTICALS INC COM 269796108 14,824 213,822 SH   DFND 1 0 213,822 0
EBAY INC COM 278642103 36,507 1,105,600 SH   DFND 1 0 1,105,600 0
ELDORADO GOLD CORP NEW COM 284902103 6,757 7,718,257 SH   SOLE   7,718,257 0 0
EQT CORP COM 26884L109 48,502 1,096,580 SH   DFND 1 0 1,096,580 0
EQUIFAX INC COM 294429105 17,094 130,916 SH   DFND 1 0 130,916 0
EQUIFAX INC COM 294429105 12,675 2,500 SH Call DFND 1 0 2,500 0
EQUIFAX INC COM 294429105 2,330 500 SH Call DFND 1 0 500 0
EXXON MOBIL CORP COM 30231G102 1,536,564 18,072,976 SH   SOLE   17,181,122 0 891,854
FACEBOOK INC CL A 30303M102 310,023 1,885,098 SH   SOLE   1,780,898 0 104,200
FLOWSERVE CORP COM 34354P105 704,471 12,881,171 SH   SOLE   12,237,106 0 644,065
FRANCO NEVADA CORP COM 351858105 348,729 5,571,025 SH   SOLE   5,363,263 0 207,762
GENERAL DYNAMICS CORP COM 369550108 40,092 195,836 SH   DFND 1 0 195,836 0
GOLDCORP INC NEW COM 380956409 304,312 29,834,512 SH   SOLE   28,280,333 0 1,554,179
HALOZYME THERAPEUTICS INC COM 40637H109 39,485 2,173,089 SH   DFND 1 0 2,173,089 0
HAYMAKER ACQUISITION CORP UNIT 10/19/2022 420870206 10,400 1,000,000 SH   SOLE   1,000,000 0 0
HCA HEALTHCARE INC COM 40412C101 318,286 2,287,855 SH   SOLE   2,167,821 0 120,034
HD SUPPLY HLDGS INC COM 40416M105 7,566 176,817 SH   DFND 1 0 176,817 0
HP INC COM 40434L105 95,294 3,697,870 SH   DFND 1 0 3,697,870 0
HUNTSMAN CORP COM 447011107 41,987 1,541,939 SH   DFND 1 0 1,541,939 0
IDENTIV INC COM NEW 45170X205 11,044 1,853,004 SH   SOLE   1,853,004 0 0
IMPERIAL OIL LTD COM NEW 453038408 694,961 21,460,664 SH   SOLE   20,609,774 0 850,890
INDEPENDENCE HLDG CO NEW COM NEW 453440307 3,928 109,423 SH   SOLE   109,423 0 0
INFINITY PHARMACEUTICALS INC COM 45665G303 1,355 500,000 SH   SOLE   500,000 0 0
INNOVIVA INC COM 45781M101 24,080 1,580,045 SH   DFND 1 0 1,580,045 0
INTELLICHECK INC COM NEW 45817G201 4,715 1,878,678 SH   SOLE   1,878,678 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 27,543 367,775 SH   DFND 1 0 367,775 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 10,024 4,000 SH Call DFND 1 0 4,000 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 980 500 SH Call DFND 1 0 500 0
INTEVAC INC COM 461148108 23,522 4,523,414 SH   SOLE   4,523,414 0 0
INTREXON CORP COM 46122T102 12,738 739,731 SH   DFND 1 0 739,731 0
IPG PHOTONICS CORP COM 44980X109 12,728 81,552 SH   SOLE   77,049 0 4,503
ISRAEL CHEMICALS LTD SHS M5920A109 158,121 25,906,889 SH   SOLE   24,648,827 0 1,258,062
JPMORGAN CHASE & CO COM 46625H100 3,385 30,000 SH   SOLE   30,000 0 0
KINROSS GOLD CORP COM NO PAR 496902404 7,553 2,797,363 SH   SOLE   2,797,363 0 0
KKR & CO INC CL A 48251W104 35,634 1,306,711 SH   DFND 1 0 1,306,711 0
KLX ENERGY SERVICS HOLDNGS I COM 48253L106 10,945 341,927 SH   DFND 1 0 341,927 0
KLX INC COM 482539103 8,915 142,000 SH   DFND 1 0 142,000 0
KOPIN CORP COM 500600101 2,662 1,100,000 SH   SOLE   1,100,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 665 22,989 SH   SOLE   22,989 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 304,151 10,800,825 SH   SOLE   10,328,650 0 472,175
LIBERTY LATIN AMERICA LTD COM CL A G9001E102 84 4,017 SH   SOLE   4,017 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 251 12,166 SH   SOLE   12,166 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 3,466 79,791 SH   SOLE   79,791 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 6,934 159,582 SH   SOLE   159,582 0 0
LIBERTY MEDIA CORP DELAWARE COM A BRAVES GRP 531229706 218 7,977 SH   SOLE   7,977 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 1,484 39,895 SH   SOLE   39,895 0 0
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 710 19,946 SH   SOLE   19,946 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 435 15,957 SH   SOLE   15,957 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 6 261 SH   SOLE   261 0 0
M & T BK CORP COM 55261F104 1,157 7,032 SH   SOLE   7,032 0 0
MAG SILVER CORP COM 55903Q104 18,686 2,310,367 SH   SOLE   2,310,367 0 0
MARATHON PETE CORP COM 56585A102 37,224 465,470 SH   DFND 1 0 465,470 0
MARTIN MARIETTA MATLS INC COM 573284106 80,218 440,878 SH   DFND 1 0 440,878 0
MASTERCARD INCORPORATED CL A 57636Q104 204,510 918,690 SH   SOLE   868,241 0 50,449
MEDICINES CO COM 584688105 10,554 352,868 SH   DFND 1 0 352,868 0
MICROSOFT CORP COM 594918104 950,214 8,308,245 SH   SOLE   7,892,118 0 416,127
NATIONAL OILWELL VARCO INC COM 637071101 1,085,018 25,186,110 SH   SOLE   23,836,756 0 1,349,354
NEW GOLD INC CDA COM 644535106 7,908 10,007,331 SH   SOLE   10,007,331 0 0
NEWLINK GENETICS CORP COM 651511107 143 60,000 SH   SOLE   60,000 0 0
NEWMONT MINING CORP COM 651639106 353,491 11,705,007 SH   SOLE   11,206,519 0 498,488
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 21,251 1,832,015 SH   SOLE   1,832,015 0 0
NOVAGOLD RES INC COM NEW 66987E206 25,439 6,856,809 SH   SOLE   6,856,809 0 0
NOW INC COM 67011P100 137,991 8,337,833 SH   SOLE   7,910,195 0 427,638
NUSTAR ENERGY LP UNIT COM 67058H102 6,950 250,000 SH   SOLE   250,000 0 0
NUTRIEN LTD COM 67077M108 1,399,199 24,249,548 SH   SOLE   23,210,493 0 1,039,055
NVENT ELECTRIC PLC SHS G6700G107 42,312 1,557,884 SH   DFND 1 0 1,557,884 0
OMNICOM GROUP INC COM 681919106 1,063,847 15,640,203 SH   SOLE   14,858,683 0 781,520
ORACLE CORP COM 68389X105 1,920,627 37,250,321 SH   SOLE   35,274,152 0 1,976,169
OSISKO GOLD ROYALTIES LTD COM 68827L101 8,900 1,172,237 SH   SOLE   1,172,237 0 0
PACKAGING CORP AMER COM 695156109 104,418 951,934 SH   DFND 1 0 951,934 0
PAIN THERAPEUTICS INC COM NEW 69562K506 1,738 1,720,410 SH   SOLE   1,720,410 0 0
PARK CITY GROUP INC COM NEW 700215304 3,359 332,572 SH   SOLE   332,572 0 0
PERRIGO CO PLC SHS G97822103 47,818 675,400 SH   DFND 1 0 675,400 0
PHILIP MORRIS INTL INC COM 718172109 633,097 7,764,248 SH   SOLE   7,378,476 0 385,772
POST HLDGS INC COM 737446104 50,339 513,457 SH   DFND 1 0 513,457 0
POST HLDGS INC COM 737446104 2,350 500 SH Call DFND 1 0 500 0
PRAXAIR INC COM 74005P104 289,154 1,799,003 SH   SOLE   1,713,832 0 85,171
QORVO INC COM 74736K101 42,606 554,116 SH   DFND 1 0 554,116 0
RANDGOLD RES LTD ADR 752344309 87,404 1,238,888 SH   SOLE   1,212,367 0 26,521
RICEBRAN TECHNOLOGIES COM NEW 762831204 263 91,500 SH   SOLE   91,500 0 0
ROYAL GOLD INC COM 780287108 258,742 3,357,670 SH   SOLE   3,257,265 0 100,405
S&P GLOBAL INC COM 78409V104 7,816 40,000 SH   SOLE   40,000 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 25,135 5,067,615 SH   SOLE   4,949,408 0 118,207
SCHLUMBERGER LTD COM 806857108 1,205,928 19,795,280 SH   SOLE   18,770,478 0 1,024,802
SCOTTS MIRACLE GRO CO CL A 810186106 179,013 2,273,755 SH   SOLE   2,150,262 0 123,493
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 61,161 985,987 SH   DFND 1 0 985,987 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 16,907 790,797 SH   SOLE   790,797 0 0
SNAP INC CL A 83304A106 775 5,000 SH Call DFND 1 0 5,000 0
SPDR GOLD TRUST GOLD SHS 78463V107 776,803 6,888,992 SH   SOLE   4,064,594 0 2,824,398
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 120 12,540 SH   SOLE   12,540 0 0
SUNESIS PHARMACEUTICALS INC COM PAR 867328700 639 319,480 SH   SOLE   319,480 0 0
SYNCHRONY FINL COM 87165B103 488,652 15,722,408 SH   SOLE   14,941,176 0 781,232
TAHOE RES INC COM 873868103 19,804 7,160,667 SH   SOLE   7,160,667 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 210,130 4,758,381 SH   SOLE   4,570,718 0 187,663
TECHNIPFMC PLC COM G87110105 1,023,831 32,762,584 SH   SOLE   31,456,632 0 1,305,952
TERADATA CORP DEL COM 88076W103 637,767 16,912,421 SH   SOLE   16,287,852 0 624,569
TEXAS INSTRS INC COM 882508104 359,016 3,346,217 SH   SOLE   3,184,613 0 161,604
THERAPEUTICSMD INC COM 88338N107 18,792 2,864,565 SH   DFND 1 0 2,864,565 0
TIFFANY & CO NEW COM 886547108 331,379 2,569,424 SH   SOLE   2,444,344 0 125,080
TIVO CORP COM 88870P106 0 9 SH   SOLE   9 0 0
TRANSMONTAIGNE PARTNERS L P COM UNIT L P 89376V100 23,530 611,161 SH   SOLE   611,161 0 0
TRAVELERS COMPANIES INC COM 89417E109 61,162 471,525 SH   SOLE   447,683 0 23,842
TYSON FOODS INC CL A 902494103 32,401 544,286 SH   DFND 1 0 544,286 0
TYSON FOODS INC CL A 902494103 158 250 SH Call DFND 1 0 250 0
UGI CORP NEW COM 902681105 325,055 5,858,957 SH   SOLE   5,568,708 0 290,249
UNION PAC CORP COM 907818108 856,429 5,259,653 SH   SOLE   4,991,051 0 268,602
UNIVAR INC COM 91336L107 52,144 1,700,709 SH   DFND 1 0 1,700,709 0
UNIVERSAL HLTH SVCS INC CL B 913903100 355,671 2,782,155 SH   SOLE   2,634,536 0 147,619
US BANCORP DEL COM NEW 902973304 620,742 11,754,252 SH   SOLE   11,057,309 0 696,943
VARIAN MED SYS INC COM 92220P105 416,791 3,723,675 SH   SOLE   3,527,001 0 196,674
VERSUM MATLS INC COM 92532W103 33,644 934,301 SH   DFND 1 0 934,301 0
VISA INC COM CL A 92826C839 200,865 1,338,298 SH   SOLE   1,264,808 0 73,490
VISTA OUTDOOR INC COM 928377100 83,018 4,640,495 SH   SOLE   4,442,757 0 197,738
VISTEON CORP COM NEW 92839U206 57,489 618,826 SH   DFND 1 0 618,826 0
VISTEON CORP COM NEW 92839U206 1,386 1,800 SH Put DFND 1 0 1,800 0
W R BERKLEY CORPORATION COM 084423102 537,261 6,721,646 SH   SOLE   6,253,806 0 467,840
WESTERN DIGITAL CORP COM 958102105 56,139 958,993 SH   DFND 1 0 958,993 0
WESTERN DIGITAL CORP COM 958102105 6,165 3,000 SH Call DFND 1 0 3,000 0
WEYERHAEUSER CO COM 962166104 1,223,954 37,928,530 SH   SOLE   36,115,912 0 1,812,618
WHEATON PRECIOUS METALS CORP COM 962879102 492,718 28,155,296 SH   SOLE   26,992,977 0 1,162,319
WILLIS TOWERS WATSON PUB LTD SHS G96629103 568,157 4,031,199 SH   SOLE   3,861,142 0 170,057
WYNDHAM DESTINATIONS INC COM 98310W108 75,036 1,730,536 SH   DFND 1 0 1,730,536 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 45,975 827,342 SH   DFND 1 0 827,342 0
XILINX INC COM 983919101 531,956 6,635,346 SH   SOLE   6,300,476 0 334,870