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 813,535 4,269,631 SH   SOLE   4,054,860 0 214,771
AEROJET ROCKETDYNE HLDGS INC COM 007800105 31,647 898,288 SH   DFND 1 0 898,288 0
AGNICO EAGLE MINES LTD COM 008474108 483,332 11,975,299 SH   SOLE   11,490,300 0 484,999
AKOUSTIS TECHNOLOGIES INC COM 00973N102 1,513 304,490 SH   SOLE   304,490 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 10,661 2,964,338 SH   SOLE   2,964,338 0 0
ALBEMARLE CORP COM 012653101 6,767 87,800 SH   DFND 1 0 87,800 0
ALBEMARLE CORP COM 012653101 1,689 1,000 SH Call DFND 1 0 1,000 0
ALBEMARLE CORP COM 012653101 2,231 1,500 SH Call DFND 1 0 1,500 0
ALEXION PHARMACEUTICALS INC COM 015351109 14,205 145,900 SH   DFND 1 0 145,900 0
ALLEGHANY CORP DEL COM 017175100 405,218 650,097 SH   SOLE   617,712 0 32,385
ALLERGAN PLC SHS G0177J108 27,333 204,500 SH   DFND 1 0 204,500 0
ALPHABET INC CAP STK CL C 02079K107 243,063 234,705 SH   SOLE   218,225 0 16,480
ALPHABET INC CAP STK CL A 02079K305 189,519 181,365 SH   SOLE   174,141 0 7,224
AMERICAN EXPRESS CO COM 025816109 726,421 7,620,867 SH   SOLE   7,208,808 0 412,059
AMERIPRISE FINL INC COM 03076C106 2,226 21,324 SH   SOLE   21,324 0 0
ANALOG DEVICES INC COM 032654105 378,870 4,414,192 SH   SOLE   4,177,463 0 236,729
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 19,025 1,515,964 SH   SOLE   1,515,964 0 0
ANTHEM INC COM 036752103 41,178 156,792 SH   DFND 1 0 156,792 0
ANTHEM INC COM 036752103 604,905 2,303,259 SH   SOLE   2,167,137 0 136,122
AON PLC SHS CL A G0408V102 25,742 177,089 SH   DFND 1 0 177,089 0
ARADIGM CORP COM PAR 038505400 1,080 3,375,253 SH   SOLE   3,375,253 0 0
ARC GROUP WORLDWIDE INC COM 00213H105 2,171 2,171,197 SH   SOLE   2,171,197 0 0
ARQULE INC COM 04269E107 44,545 16,081,128 SH   SOLE   16,081,128 0 0
ARSANIS INC COM 042873109 289 124,381 SH   SOLE   124,381 0 0
B2GOLD CORP COM 11777Q209 39,569 13,538,659 SH   SOLE   13,538,659 0 0
BALL CORP COM 058498106 55,511 1,207,295 SH   DFND 1 0 1,207,295 0
BALL CORP COM 058498106 3,240 3,000 SH Call DFND 1 0 3,000 0
BALL CORP COM 058498106 714 533 SH Call DFND 1 0 533 0
BANK NEW YORK MELLON CORP COM 064058100 912,833 19,393,104 SH   SOLE   18,248,506 0 1,144,598
BARRICK GOLD CORP COM 067901108 549,516 40,584,607 SH   SOLE   38,856,950 0 1,727,657
BB&T CORP COM 054937107 720,653 16,635,567 SH   SOLE   15,776,646 0 858,921
BERKSHIRE HATHAWAY INC DEL CL A 084670108 455,940 1,490 SH   SOLE   1,406 0 84
BIOLIFE SOLUTIONS INC COM NEW 09062W204 2,136 177,578 SH   SOLE   177,578 0 0
BLACKBERRY LTD COM 09228F103 14,709 2,068,837 SH   DFND 1 0 2,068,837 0
BLOCK H & R INC COM 093671105 160,894 6,341,912 SH   SOLE   6,020,940 0 320,972
BOOKING HLDGS INC COM 09857L108 167,242 97,097 SH   SOLE   91,630 0 5,467
BROWN & BROWN INC COM 115236101 317,671 11,526,517 SH   SOLE   10,905,666 0 620,851
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 529,010 6,291,003 SH   SOLE   5,983,164 0 307,839
CANADIAN NAT RES LTD COM 136385101 112,196 4,649,986 SH   SOLE   4,463,811 0 186,175
CENOVUS ENERGY INC COM 15135U109 152,553 21,700,225 SH   SOLE   20,394,512 0 1,305,713
CHEMOURS CO COM 163851108 52,953 1,876,420 SH   DFND 1 0 1,876,420 0
CINCINNATI FINL CORP COM 172062101 177,839 2,297,074 SH   SOLE   2,169,069 0 128,005
CINTAS CORP COM 172908105 148,450 883,682 SH   SOLE   836,773 0 46,909
COLGATE PALMOLIVE CO COM 194162103 768,359 12,909,261 SH   SOLE   12,174,036 0 735,225
COMCAST CORP NEW CL A 20030N101 1,190,066 34,950,549 SH   SOLE   32,905,099 0 2,045,450
COMPANIA CERVECERIAS UNIDAS SPONSORED ADR 204429104 180,721 7,191,436 SH   SOLE   7,111,936 0 79,500
CONDUENT INC COM 206787103 10,606 997,767 SH   DFND 1 0 997,767 0
CONOCOPHILLIPS COM 20825C104 280,509 4,498,945 SH   SOLE   4,242,511 0 256,434
CONSTELLATION PHARMCETICLS I COM 210373106 501 125,000 SH   SOLE   125,000 0 0
CREE INC COM 225447101 23,398 547,000 SH   DFND 1 0 547,000 0
CUI GLOBAL INC COM NEW 126576206 4,238 3,445,292 SH   SOLE   3,445,292 0 0
CUMMINS INC COM 231021106 338,988 2,536,573 SH   SOLE   2,400,208 0 136,365
CURIS INC COM NEW 231269200 309 448,547 SH   SOLE   448,547 0 0
DCP MIDSTREAM LP COM UT LTD PTN 23311P100 67,253 2,538,805 SH   SOLE   2,538,805 0 0
DEERE & CO COM 244199105 717,472 4,809,764 SH   SOLE   4,572,231 0 237,533
DENTSPLY SIRONA INC COM 24906P109 237,091 6,371,707 SH   SOLE   5,999,966 0 371,741
DEVON ENERGY CORP NEW COM 25179M103 95,043 4,216,631 SH   SOLE   3,960,925 0 255,706
DURECT CORP COM 266605104 10,858 22,476,546 SH   SOLE   22,476,546 0 0
EASTMAN KODAK CO COM NEW 277461406 3,339 1,309,218 SH   SOLE   1,309,218 0 0
ELDORADO GOLD CORP NEW COM 284902509 2,836 968,038 SH   SOLE   968,038 0 0
EQUIFAX INC COM 294429105 12,192 130,916 SH   DFND 1 0 130,916 0
EQUIFAX INC COM 294429105 4,800 2,500 SH Call DFND 1 0 2,500 0
EQUIFAX INC COM 294429105 805 500 SH Call DFND 1 0 500 0
EXXON MOBIL CORP COM 30231G102 1,255,269 18,408,403 SH   SOLE   17,354,312 0 1,054,091
FACEBOOK INC CL A 30303M102 291,152 2,221,006 SH   SOLE   2,081,504 0 139,502
FLOWSERVE CORP COM 34354P105 480,583 12,640,271 SH   SOLE   11,997,149 0 643,122
FRANCO NEVADA CORP COM 351858105 381,251 5,436,998 SH   SOLE   5,233,748 0 203,250
FRONTDOOR INC COM 35905A109 18,451 693,397 SH   DFND 1 0 693,397 0
GENERAL DYNAMICS CORP COM 369550108 21,231 135,047 SH   DFND 1 0 135,047 0
GOLDCORP INC NEW COM 380956409 264,858 27,026,323 SH   SOLE   25,486,769 0 1,539,554
HALOZYME THERAPEUTICS INC COM 40637H109 31,173 2,130,775 SH   DFND 1 0 2,130,775 0
HAYMAKER ACQUISITION CORP UNIT 10/19/2022 420870206 10,550 1,000,000 SH   SOLE   1,000,000 0 0
HCA HEALTHCARE INC COM 40412C101 285,075 2,290,678 SH   SOLE   2,168,842 0 121,836
HP INC COM 40434L105 64,953 3,174,624 SH   DFND 1 0 3,174,624 0
HUNTSMAN CORP COM 447011107 15,206 788,266 SH   DFND 1 0 788,266 0
IDENTIV INC COM NEW 45170X205 6,671 1,853,004 SH   SOLE   1,853,004 0 0
IMPERIAL OIL LTD COM NEW 453038408 562,550 22,202,760 SH   SOLE   21,194,698 0 1,008,062
INDEPENDENCE HLDG CO NEW COM NEW 453440307 3,852 109,423 SH   SOLE   109,423 0 0
INFINITY PHARMACEUTICALS INC COM 45665G303 590 500,000 SH   SOLE   500,000 0 0
INNOVIVA INC COM 45781M101 15,736 901,800 SH   DFND 1 0 901,800 0
INTELLICHECK INC COM NEW 45817G201 3,806 1,778,678 SH   SOLE   1,778,678 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 23,965 318,127 SH   DFND 1 0 318,127 0
INTEVAC INC COM 461148108 23,657 4,523,414 SH   SOLE   4,523,414 0 0
INTREXON CORP COM 46122T102 4,838 739,731 SH   DFND 1 0 739,731 0
IPG PHOTONICS CORP COM 44980X109 171,842 1,516,831 SH   SOLE   1,426,463 0 90,368
ISRAEL CHEMICALS LTD SHS M5920A109 85,557 15,090,243 SH   SOLE   14,420,269 0 669,974
JPMORGAN CHASE & CO COM 46625H100 2,929 30,000 SH   SOLE   30,000 0 0
KINROSS GOLD CORP COM NO PAR 496902404 9,063 2,797,363 SH   SOLE   2,797,363 0 0
KKR & CO INC CL A 48251W104 25,040 1,275,580 SH   DFND 1 0 1,275,580 0
KOPIN CORP COM 500600101 400 400,000 SH   SOLE   400,000 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 491 22,989 SH   SOLE   22,989 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 188,044 9,110,682 SH   SOLE   8,697,610 0 413,072
LIBERTY LATIN AMERICA LTD COM CL A G9001E102 58 4,017 SH   SOLE   4,017 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 177 12,166 SH   SOLE   12,166 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 2,922 79,405 SH   SOLE   79,405 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 5,873 158,810 SH   SOLE   158,810 0 0
LIBERTY MEDIA CORP DELAWARE COM A BRAVES GRP 531229706 198 7,939 SH   SOLE   7,939 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 1,219 39,702 SH   SOLE   39,702 0 0
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 590 19,850 SH   SOLE   19,850 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 395 15,880 SH   SOLE   15,880 0 0
LINDE PLC COM G5494J103 736,435 4,669,794 SH   SOLE   4,459,911 0 209,883
M & T BK CORP COM 55261F104 1,006 7,032 SH   SOLE   7,032 0 0
MAG SILVER CORP COM 55903Q104 20,732 2,830,367 SH   SOLE   2,830,367 0 0
MARATHON PETE CORP COM 56585A102 35,497 601,543 SH   DFND 1 0 601,543 0
MARTIN MARIETTA MATLS INC COM 573284106 56,246 327,258 SH   DFND 1 0 327,258 0
MEDICINES CO COM 584688105 8,556 447,035 SH   DFND 1 0 447,035 0
MICROSOFT CORP COM 594918104 644,020 6,340,650 SH   SOLE   5,986,225 0 354,425
NATIONAL OILWELL VARCO INC COM 637071101 603,786 23,493,626 SH   SOLE   22,123,620 0 1,370,006
NEW GOLD INC CDA COM 644535106 3,548 4,612,931 SH   SOLE   4,612,931 0 0
NEWLINK GENETICS CORP COM 651511107 91 60,000 SH   SOLE   60,000 0 0
NEWMONT MINING CORP COM 651639106 406,135 11,721,073 SH   SOLE   11,226,977 0 494,096
NGL ENERGY PARTNERS LP COM UNIT REPST 62913M107 17,569 1,832,015 SH   SOLE   1,832,015 0 0
NOVAGOLD RES INC COM NEW 66987E206 31,807 8,052,359 SH   SOLE   8,052,359 0 0
NOW INC COM 67011P100 97,062 8,338,618 SH   SOLE   7,916,478 0 422,140
NUSTAR ENERGY LP UNIT COM 67058H102 5,233 250,000 SH   SOLE   250,000 0 0
NUTRIEN LTD COM 67077M108 1,087,934 23,147,537 SH   SOLE   22,095,815 0 1,051,722
NVENT ELECTRIC PLC SHS G6700G107 35,198 1,567,142 SH   DFND 1 0 1,567,142 0
OMNICOM GROUP INC COM 681919106 744,159 10,160,555 SH   SOLE   9,621,759 0 538,796
ORACLE CORP COM 68389X105 1,628,126 36,060,379 SH   SOLE   34,086,202 0 1,974,177
PACKAGING CORP AMER COM 695156109 71,076 851,613 SH   DFND 1 0 851,613 0
PAIN THERAPEUTICS INC COM NEW 69562K506 1,462 1,720,410 SH   SOLE   1,720,410 0 0
PARK CITY GROUP INC COM NEW 700215304 2,116 354,392 SH   SOLE   354,392 0 0
PERRIGO CO PLC SHS G97822103 27,214 702,300 SH   DFND 1 0 702,300 0
PHILIP MORRIS INTL INC COM 718172109 781,631 11,708,071 SH   SOLE   11,017,242 0 690,829
POST HLDGS INC COM 737446104 48,707 546,477 SH   DFND 1 0 546,477 0
POST HLDGS INC COM 737446104 1,945 500 SH Call DFND 1 0 500 0
QORVO INC COM 74736K101 29,569 486,885 SH   DFND 1 0 486,885 0
RANDGOLD RES LTD ADR 752344309 102,794 1,238,888 SH   SOLE   1,212,367 0 26,521
RICEBRAN TECHNOLOGIES COM NEW 762831204 563 187,500 SH   SOLE   187,500 0 0
ROYAL GOLD INC COM 780287108 275,483 3,216,381 SH   SOLE   3,115,976 0 100,405
S&P GLOBAL INC COM 78409V104 6,798 40,000 SH   SOLE   40,000 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 24,316 5,065,927 SH   SOLE   4,949,408 0 116,519
SCHLUMBERGER LTD COM 806857108 1,010,911 28,018,591 SH   SOLE   26,280,013 0 1,738,578
SCOTTS MIRACLE GRO CO CL A 810186106 176,145 2,866,003 SH   SOLE   2,700,159 0 165,844
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 39,949 1,087,357 SH   DFND 1 0 1,087,357 0
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 822634101 12,977 790,797 SH   SOLE   790,797 0 0
SNAP INC CL A 83304A106 165 3,500 SH Call DFND 1 0 3,500 0
SPDR GOLD TRUST GOLD SHS 78463V107 804,378 6,634,046 SH   SOLE   3,834,129 0 2,799,917
SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 129 12,540 SH   SOLE   12,540 0 0
SUNESIS PHARMACEUTICALS INC COM PAR 867328700 122 294,480 SH   SOLE   294,480 0 0
SYNCHRONY FINL COM 87165B103 351,480 14,982,109 SH   SOLE   14,197,741 0 784,368
TAHOE RES INC COM 873868103 24,885 6,835,667 SH   SOLE   6,835,667 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 347,913 9,425,992 SH   SOLE   9,008,839 0 417,153
TECHNIPFMC PLC COM G87110105 648,659 33,128,670 SH   SOLE   31,586,924 0 1,541,746
TERADATA CORP DEL COM 88076W103 652,257 17,003,563 SH   SOLE   16,309,813 0 693,750
TEXAS INSTRS INC COM 882508104 370,471 3,920,332 SH   SOLE   3,715,241 0 205,091
THERAPEUTICSMD INC COM 88338N107 7,138 1,873,408 SH   DFND 1 0 1,873,408 0
TIFFANY & CO NEW COM 886547108 235,886 2,929,901 SH   SOLE   2,773,701 0 156,200
TRANSMONTAIGNE PARTNERS L P COM UNIT L P 89376V100 24,801 611,161 SH   SOLE   611,161 0 0
TRAVELERS COMPANIES INC COM 89417E109 259,817 2,169,661 SH   SOLE   2,052,533 0 117,128
TYSON FOODS INC CL A 902494103 83 250 SH Call DFND 1 0 250 0
UGI CORP NEW COM 902681105 181,199 3,396,428 SH   SOLE   3,213,666 0 182,762
UNION PAC CORP COM 907818108 728,498 5,270,184 SH   SOLE   4,997,399 0 272,785
UNIVAR INC COM 91336L107 28,254 1,592,677 SH   DFND 1 0 1,592,677 0
UNIVERSAL HLTH SVCS INC CL B 913903100 342,586 2,939,137 SH   SOLE   2,764,093 0 175,044
US BANCORP DEL COM NEW 902973304 542,872 11,879,028 SH   SOLE   11,182,705 0 696,323
VARIAN MED SYS INC COM 92220P105 250,366 2,209,570 SH   SOLE   2,072,234 0 137,336
VERSUM MATLS INC COM 92532W103 30,997 1,118,234 SH   DFND 1 0 1,118,234 0
VISTA OUTDOOR INC COM 928377100 52,635 4,637,433 SH   SOLE   4,442,757 0 194,676
VISTEON CORP COM NEW 92839U206 36,696 608,754 SH   DFND 1 0 608,754 0
VISTEON CORP COM NEW 92839U206 438 1,250 SH Put DFND 1 0 1,250 0
VISTEON CORP COM NEW 92839U206 406 700 SH Put DFND 1 0 700 0
W R BERKLEY CORPORATION COM 084423102 497,578 6,732,221 SH   SOLE   6,256,918 0 475,303
WESTERN DIGITAL CORP COM 958102105 4,082 110,417 SH   DFND 1 0 110,417 0
WESTERN DIGITAL CORP COM 958102105 3,640 7,000 SH Call DFND 1 0 7,000 0
WEYERHAEUSER CO COM 962166104 946,645 43,304,910 SH   SOLE   40,845,355 0 2,459,555
WHEATON PRECIOUS METALS CORP COM 962879102 552,882 28,309,355 SH   SOLE   27,073,011 0 1,236,344
WILLIS TOWERS WATSON PUB LTD SHS G96629103 603,699 3,975,367 SH   SOLE   3,789,074 0 186,293
WYNDHAM DESTINATIONS INC COM 98310W108 60,768 1,695,544 SH   DFND 1 0 1,695,544 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 35,555 783,668 SH   DFND 1 0 783,668 0
XEROX CORP COM NEW 984121608 2,359 119,400 SH   DFND 1 0 119,400 0
XEROX CORP COM NEW 984121608 29,210 1,478,249 SH   SOLE   1,478,249 0 0
XILINX INC COM 983919101 290,940 3,415,987 SH   SOLE   3,201,271 0 214,716
ZILLOW GROUP INC CL C CAP STK 98954M200 1,983 62,800 SH   DFND 1 0 62,800 0