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
ABBOTT LABS COM 002824100 671 8,500 SH   DFND 1,2,3 8,500 0 0
ACTIVISION BLIZZARD INC COM 00507V109 4,633 77,900 SH   DFND 1,2,3 77,900 0 0
ACTIVISION BLIZZARD INC COM 00507V109 333 5,600 SH   DFND 2,3 5,600 0 0
ADECOAGRO S A COM L00849106 1,832 470,893 SH   DFND 1,2,3 470,893 0 0
ADOBE INC COM 00724F101 554 1,741 SH   DFND 1,2,3 1,741 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 2,042 10,500 SH   DFND 1,2,3 10,500 0 0
ALLERGAN PLC SHS G0177J108 895 5,055 SH   DFND 1,2,3 5,055 0 0
ALPHABET INC CAP STK CL A 02079K305 4,315 3,714 SH   DFND 1,2,3 3,714 0 0
ALPHABET INC CAP STK CL A 02079K305 306 263 SH   DFND 2,3 263 0 0
AMAZON COM INC COM 023135106 3,899 2,000 SH   DFND 1,2,3 2,000 0 0
AMAZON COM INC COM 023135106 409 210 SH   DFND 2,3 210 0 0
APPLE INC COM 037833100 1,017 4,000 SH   DFND 1,2,3 4,000 0 0
BANCO MACRO SA SPON ADR B 05961W105 45,091 2,655,557 SH   DFND 1,2,3 2,655,557 0 0
BANCO MACRO SA SPON ADR B 05961W105 1,482 87,300 SH   DFND 2,3 87,300 0 0
BARRICK GOLD CORPORATION COM 067901108 25,596 1,397,160 SH   DFND 1,2,3 1,397,160 0 0
BARRICK GOLD CORPORATION COM 067901108 53 2,872 SH   DFND 2,3 2,872 0 0
BECTON DICKINSON & CO COM 075887109 1,723 7,500 SH   DFND 1,2,3 7,500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 2,388 13,063 SH   DFND 1,2,3 13,063 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 274 1,500 SH   DFND 2,3 1,500 0 0
BIOGEN INC COM 09062X103 1,076 3,400 SH   DFND 1,2,3 3,400 0 0
BK OF AMERICA CORP COM 060505104 85 4,000 SH   DFND 2,3 4,000 0 0
BOOKING HLDGS INC COM 09857L108 888 660 SH   DFND 1,2,3 660 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,561 28,000 SH   DFND 1,2,3 28,000 0 0
CADIZ INC COM NEW 127537207 5,683 487,009 SH   DFND 1,2,3 487,009 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 1,745 4,000 SH   DFND 1,2,3 4,000 0 0
CHURCH & DWIGHT INC COM 171340102 1,284 20,000 SH   DFND 1,2,3 20,000 0 0
COLGATE PALMOLIVE CO COM 194162103 1,878 28,300 SH   DFND 1,2,3 28,300 0 0
COLONY CAP INC NEW CL A COM 19626G108 4,906 2,803,537 SH   DFND 1,2,3 2,803,537 0 0
COMCAST CORP NEW CL A 20030N101 3,932 114,360 SH   DFND 1,2,3 114,360 0 0
CONOCOPHILLIPS COM 20825C104 1,540 50,000 SH   DFND 1,2,3 50,000 0 0
CSX CORP COM 126408103 92 1,600 SH   DFND 2,3 1,600 0 0
D R HORTON INC COM 23331A109 7,721 227,100 SH   DFND 1,2,3 227,100 0 0
D R HORTON INC COM 23331A109 423 12,450 SH   DFND 2,3 12,450 0 0
DEERE & CO COM 244199105 373 2,700 SH   DFND 1,2,3 2,700 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 18,270 2,845,784 SH   DFND 1,2,3 2,845,784 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 12,725 1,659,014 SH   DFND 1,2,3 1,659,014 0 0
DISNEY WALT CO COM DISNEY 254687106 94 968 SH   DFND 2,3 968 0 0
EAGLE MATERIALS INC COM 26969P108 41 700 SH   DFND 2,3 700 0 0
ELECTRONIC ARTS INC COM 285512109 461 4,600 SH   DFND 1,2,3 4,600 0 0
ERICSSON ADR B SEK 10 294821608 2,492 308,005 SH   DFND 1,2,3 308,005 0 0
EURONAV NV ANTWERPEN SHS B38564108 35,921 3,184,497 SH   DFND 1,2,3 3,184,497 0 0
F M C CORP COM NEW 302491303 20,281 248,264 SH   DFND 1,2,3 248,264 0 0
FACEBOOK INC CL A 30303M102 2,310 13,850 SH   DFND 1,2,3 13,850 0 0
FORTY SEVEN INC COM 34983P104 67 700 SH   DFND 1,2,3 700 0 0
FRONTLINE LTD SHS NEW G3682E192 24,192 2,517,392 SH   DFND 1,2,3 2,517,392 0 0
GILEAD SCIENCES INC COM 375558103 1,495 20,000 SH   DFND 1,2,3 20,000 0 0
GILEAD SCIENCES INC COM 375558103 297 3,975 SH   DFND 2,3 3,975 0 0
GRUPO FINANCIERO GALICIA S . A SPONSORED ADR 399909100 4,148 588,426 SH   DFND 1,2,3 588,426 0 0
GRUPO SUPERVIELLE S A SPONSORED ADR 40054A108 891 571,361 SH   DFND 1,2,3 571,361 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 594 1,200 SH   DFND 1,2,3 1,200 0 0
JD COM INC SPON ADR CL A 47215P106 3,038 75,000 SH   DFND 1,2,3 75,000 0 0
JOHNSON & JOHNSON COM 478160104 1,928 14,700 SH   DFND 1,2,3 14,700 0 0
JPMORGAN CHASE & CO COM 46625H100 1,750 19,440 SH   DFND 1,2,3 19,440 0 0
KINROSS GOLD CORP COM 496902404 23,147 5,815,948 SH   DFND 1,2,3 5,815,948 0 0
MERCK & CO. INC COM 58933Y105 1,924 25,000 SH   DFND 1,2,3 25,000 0 0
MICRON TECHNOLOGY INC COM 595112103 2,326 55,300 SH   DFND 1,2,3 55,300 0 0
MICROSOFT CORP COM 594918104 8,139 51,606 SH   DFND 1,2,3 51,606 0 0
MICROSOFT CORP COM 594918104 528 3,350 SH   DFND 2,3 3,350 0 0
MONDELEZ INTL INC CL A 609207105 2,504 50,000 SH   DFND 1,2,3 50,000 0 0
NOVAGOLD RES INC COM NEW 66987E206 6,394 866,455 SH   DFND 1,2,3 866,455 0 0
NOVAGOLD RES INC COM NEW 66987E206 107 14,500 SH   DFND 2,3 14,500 0 0
NXP SEMICONDUCTORS N V COM N6596X109 1,659 20,000 SH   DFND 1,2,3 20,000 0 0
PACCAR INC COM 693718108 361 5,900 SH   DFND 1,2,3 5,900 0 0
PAYPAL HLDGS INC COM 70450Y103 254 2,650 SH   DFND 1,2,3 2,650 0 0
PLUG POWER INC COM NEW 72919P202 27,661 7,813,850 SH   DFND 1,2,3 7,813,850 0 0
REGENERON PHARMACEUTICALS COM 75886F107 3,003 6,150 SH   DFND 1,2,3 6,150 0 0
ROKU INC COM CL A 77543R102 1,312 15,000 SH   DFND 1,2,3 15,000 0 0
ROKU INC COM CL A 77543R102 22 250 SH   DFND 2,3 250 0 0
RYANAIR HLDGS PLC SPONSORED ADS 783513203 6,742 127,000 SH   DFND 1,2,3 127,000 0 0
SALESFORCE COM INC COM 79466L302 566 3,934 SH   DFND 1,2,3 3,934 0 0
SCHWAB CHARLES CORP COM 808513105 1,614 48,000 SH   DFND 1,2,3 48,000 0 0
SCULPTOR CAP MGMT COM CL A 811246107 6,881 508,194 SH   DFND 1,2,3 508,194 0 0
SEADRILL LTD COM G7998G106 1,469 3,416,626 SH   DFND 1,2,3 3,416,626 0 0
SHOPIFY INC CL A 82509L107 667 1,600 SH   DFND 1,2,3 1,600 0 0
SMILEDIRECTCLUB INC CL A COM 83192H106 1,074 230,000 SH   DFND 1,2,3 230,000 0 0
SONY CORP SPONSORED ADR 835699307 19,552 330,386 SH   DFND 1,2,3 330,386 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 49 400 SH   DFND 2,3 400 0 0
STARS GROUP INC COM 85570W100 88,021 4,310,526 SH   DFND 1,2,3 4,310,526 0 0
STONECO LTD COM CL A G85158106 62 2,870 SH   DFND 1,2,3 2,870 0 0
STRYKER CORP COM 863667101 2,564 15,400 SH   DFND 1,2,3 15,400 0 0
SYNOPSYS INC COM 871607107 2,318 18,000 SH   DFND 1,2,3 18,000 0 0
SYNOPSYS INC COM 871607107 322 2,500 SH   DFND 2,3 2,500 0 0
T MOBILE US INC COM 872590104 5,017 59,800 SH   DFND 1,2,3 59,800 0 0
T MOBILE US INC COM 872590104 373 4,450 SH   DFND 2,3 4,450 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 474 4,000 SH   DFND 1,2,3 4,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 35 30,000 SH   DFND 2,3 30,000 0 0
UBS GROUP AG SHS H42097107 10,960 1,183,594 SH   DFND 1,2,3 1,183,594 0 0
VALARIS PLC SHS CLASS A G9402V109 2,990 6,643,479 SH   DFND 1,2,3 6,643,479 0 0
VALERO ENERGY CORP COM 91913Y100 23,988 528,840 SH   DFND 1,2,3 528,840 0 0
VIASAT INC COM 92552V100 66,087 1,839,852 SH   DFND 1,2,3 1,839,852 0 0
VISA INC COM CL A 92826C839 4,139 25,692 SH   DFND 1,2,3 25,692 0 0
ZOOM VIDEO COMMUNICATIONS IN CL A 98980L101 14,217 97,300 SH   DFND 1,2,3 97,300 0 0