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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Alibaba Group ADR SPONSORED ADS 01609W102   969 9,485 SH   SOLE   7,985 0 1,500
Alphabet Inc. Class A CAP STK CL A 02079K305   40 385 SH   OTR   385 0 0
Alphabet Inc. Class A CAP STK CL A 02079K305   4,388 42,300 SH   SOLE   38,705 0 3,595
Alphabet Inc. Class C CAP STK CL C 02079K107   31 300 SH   OTR   300 0 0
Alphabet Inc. Class C CAP STK CL C 02079K107   632 6,075 SH   SOLE   4,395 0 1,680
American Express Co. COM 025816109   82 500 SH   OTR   500 0 0
American Express Co. COM 025816109   4,092 24,805 SH   SOLE   22,905 0 1,900
American Vanguard Corporation COM 030371108   204 9,300 SH   SOLE   1,300 0 8,000
Apple Inc. COM 037833100   1,247 7,565 SH   SOLE   7,565 0 0
Arch Capital Group Ltd ORD G0450A105   1,216 17,920 SH   SOLE   14,920 0 3,000
Bank of America COM 060505104   93 3,262 SH   SOLE   3,262 0 0
Baxter International COM 071813109   1 25 SH   OTR   25 0 0
Baxter International COM 071813109   667 16,340 SH   SOLE   15,890 0 450
Berkshire Hathaway Class B CL B NEW 084670702   1,305 4,228 SH   SOLE   3,728 0 500
Blackstone Group Inc COM 09260D107   88 1,000 SH   OTR   1,000 0 0
Blackstone Group Inc COM 09260D107   8,302 94,511 SH   SOLE   90,186 0 4,325
Blackstone Mortgage Trust COM CL A 09257W100   6 300 SH   OTR   300 0 0
Blackstone Mortgage Trust COM CL A 09257W100   1,419 76,848 SH   SOLE   74,233 0 2,615
Boeing COM 097023105   2,252 10,599 SH   SOLE   10,599 0 0
Bristol-Myers Squibb COM 110122108   24 350 SH   OTR   350 0 0
Bristol-Myers Squibb COM 110122108   1,313 18,948 SH   SOLE   15,223 0 3,725
Brookfield Asset Management Ltd. CL A LMT VTG SHS 113004105   14 416 SH   OTR   416 0 0
Brookfield Asset Management Ltd. CL A LMT VTG SHS 113004105   1,371 41,902 SH   SOLE   39,293 0 2,609
Brookfield Corp F Class A CL A LTD VT SH 11271J107   54 1,667 SH   OTR   1,667 0 0
Brookfield Corp F Class A CL A LTD VT SH 11271J107   5,470 167,854 SH   SOLE   153,405 0 14,449
Brookfield Renewable LP PARTNERSHIP UNIT G16258108   757 24,012 SH   SOLE   23,112 0 900
Brookfield Renewable C F Class A CL A SUB VTG 11284V105   210 5,996 SH   SOLE   5,771 0 225
Cambria Tail Risk ETF TAIL RISK 132061862   275 18,525 SH   SOLE   18,525 0 0
Canadian National Railway Co. COM 136375102   1,970 16,700 SH   SOLE   16,700 0 0
Chevron Corp. COM 166764100   1,488 9,118 SH   SOLE   7,514 0 1,604
Cisco Systems, Inc. COM 17275R102   1,662 31,786 SH   SOLE   31,786 0 0
CloudFlare, Inc. CL A COM 18915M107   59 950 SH   SOLE   950 0 0
Coca-Cola Company COM 191216100   352 5,625 SH   SOLE   5,625 0 0
Colgate-Palmolive Co COM 194162103   673 8,960 SH   SOLE   2,260 0 6,700
Comcast Corporation CL A 20030N101   682 18,000 SH   SOLE   18,000 0 0
Commercial Metals Co COM 201723103   172 3,500 SH   SOLE   1,500 0 2,000
Consolidated Edison COM 209115104   19 200 SH   OTR   200 0 0
Consolidated Edison COM 209115104   744 7,777 SH   SOLE   7,377 0 400
Costco Wholesale Co COM 22160K105   87 175 SH   SOLE   175 0 0
Coupang, Inc. CL A 22266T109   1,429 89,292 SH   SOLE   67,193 0 22,099
Devon Energy Corp COM 25179M103   153 3,025 SH   SOLE   2,925 0 100
Dominion Resources, Inc COM 25746U109   408 7,300 SH   SOLE   7,200 0 100
Duke Energy Corp COM NEW 26441C204   695 7,205 SH   SOLE   7,205 0 0
Edison International COM 281020107   574 8,050 SH   SOLE   8,050 0 0
Enbridge Inc COM 29250N105   488 12,796 SH   SOLE   12,000 0 796
Enterprise Products Partners L.P. COM 293792107   392 15,125 SH   SOLE   14,975 0 150
ESAB Corp COM 29605J106   244 4,133 SH   SOLE   0 0 4,133
ExxonMobil Corp COM 30231G102   902 8,221 SH   SOLE   4,891 0 3,330
Franco-Nevada Corp COM 351858105   47 325 SH   OTR   325 0 0
Franco-Nevada Corp COM 351858105   1,654 11,345 SH   SOLE   10,097 0 1,248
General Mills Inc COM 370334104   185 2,164 SH   SOLE   2,164 0 0
Grab Holdings Ltd. CLASS A ORD G4124C109   378 125,738 SH   SOLE   84,886 0 40,852
Guardant Health, Inc. COM 40131M109   26 1,100 SH   OTR   1,100 0 0
Guardant Health, Inc. COM 40131M109   1,893 80,775 SH   SOLE   74,880 0 5,895
Home Depot COM 437076102   207 700 SH   OTR   700 0 0
Home Depot COM 437076102   8,072 27,353 SH   SOLE   23,953 0 3,400
Honeywell International Inc. COM 438516106   308 1,611 SH   SOLE   1,611 0 0
Hubspot Inc COM 443573100   73 170 SH   SOLE   170 0 0
Ingredion Inc COM 457187102   184 1,800 SH   SOLE   300 0 1,500
Intuitive Surgical COM NEW 46120E602   96 375 SH   SOLE   375 0 0
Johnson & Johnson COM 478160104   31 200 SH   OTR   200 0 0
Johnson & Johnson COM 478160104   2,693 17,371 SH   SOLE   16,921 0 450
JPMorgan Chase & Co COM 46625H100   6,347 48,710 SH   SOLE   48,710 0 0
Kimberly-Clark Corp COM 494368103   136 1,005 SH   SOLE   1,005 0 0
Markel Corp. COM 570535104   460 360 SH   SOLE   250 0 110
Marriott Vacations COM 57164Y107   1,051 7,790 SH   SOLE   7,790 0 0
Martin Marietta Matr COM 573284106   373 1,050 SH   SOLE   1,050 0 0
MDU Resources Group, Inc. COM 552690109   184 6,000 SH   SOLE   0 0 6,000
Merck & Co. Inc. COM 58933Y105   127 1,190 SH   OTR   1,190 0 0
Merck & Co. Inc. COM 58933Y105   9,411 87,854 SH   SOLE   82,476 0 5,378
Microsoft Corporation COM 594918104   287 995 SH   OTR   995 0 0
Microsoft Corporation COM 594918104   16,265 56,418 SH   SOLE   51,948 0 4,470
NextEra Energy, Inc. COM 65339F101   25 325 SH   OTR   325 0 0
NextEra Energy, Inc. COM 65339F101   2,370 30,750 SH   SOLE   30,750 0 0
Obsidian Energy Ltd. COM 674482203   470 73,392 SH   SOLE   28,392 0 45,000
OGE Energy Corp. COM 670837103   1,262 33,500 SH   SOLE   33,000 0 500
Penn NTNL Gaming COM 707569109   266 8,981 SH   SOLE   8,981 0 0
PG&E Corporation COM 69331C108   572 35,375 SH   SOLE   32,875 0 2,500
PhenixFIN Corporation COM 71742W103   9 245 SH   OTR   245 0 0
PhenixFIN Corporation COM 71742W103   4,527 125,754 SH   SOLE   85,204 0 40,550
Philip Morris International Inc. COM 718172109   117 1,190 SH   SOLE   1,000 0 190
Portland General Electric Co. COM NEW 736508847   30 600 SH   OTR   600 0 0
Portland General Electric Co. COM NEW 736508847   3,112 63,065 SH   SOLE   59,740 0 3,325
Procter & Gamble COM 742718109   566 3,805 SH   SOLE   3,805 0 0
ProShares Short S&P500 SHORT S&P 500 NE 74347B425   165 11,000 SH   SOLE   6,000 0 5,000
Pure Storage, Inc. CL A 74624M102   128 5,000 SH   SOLE   0 0 5,000
Qualcomm Inc. COM 747525103   13 100 SH   OTR   100 0 0
Qualcomm Inc. COM 747525103   7,123 55,830 SH   SOLE   52,605 0 3,225
Raytheon Technologies Co COM 75513E101   214 2,184 SH   SOLE   2,184 0 0
Saba Closed End Funds ETF SABA INT RATE 30151E806   20 1,075 SH   OTR   1,075 0 0
Saba Closed End Funds ETF SABA INT RATE 30151E806   534 29,274 SH   SOLE   29,274 0 0
SLB COM STK 806857108   1,961 39,744 SH   SOLE   38,894 0 850
Snowflake Inc. CL A 833445109   278 1,805 SH   SOLE   1,550 0 255
Southern Company COM 842587107   1,897 27,261 SH   SOLE   27,261 0 0
Teradyne, Inc. COM 880770102   78 730 SH   OTR   730 0 0
Teradyne, Inc. COM 880770102   4,818 44,810 SH   SOLE   41,480 0 3,330
The Williams Companies, Inc. COM 969457100   45 1,500 SH   SOLE   1,500 0 0
Tidewater Inc. COM 88642R109   198 4,500 SH   SOLE   500 0 4,000
Union Pacific Corp. COM 907818108   81 400 SH   OTR   400 0 0
Union Pacific Corp. COM 907818108   6,636 32,970 SH   SOLE   32,970 0 0
Vaneck Vectors Green Bond ETF GREEN BOND ETF 92189F171   194 8,250 SH   SOLE   8,250 0 0
Walgreens Boots Alliance, Inc. COM 931427108   76 2,185 SH   SOLE   2,185 0 0
Weyerhaeuser Co REIT COM NEW 962166104   52 1,725 SH   OTR   1,725 0 0
Weyerhaeuser Co REIT COM NEW 962166104   4,801 159,350 SH   SOLE   151,700 0 7,650
Wheaton Precious Metals Corp COM 962879102   155 3,200 SH   SOLE   1,200 0 2,000