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   791 9,485 SH   SOLE   7,985 0 1,500
Alphabet Inc. Class A CAP STK CL A 02079K305   24 200 SH   OTR   200 0 0
Alphabet Inc. Class A CAP STK CL A 02079K305   5,315 44,400 SH   SOLE   40,805 0 3,595
Alphabet Inc. Class C CAP STK CL C 02079K107   24 200 SH   OTR   200 0 0
Alphabet Inc. Class C CAP STK CL C 02079K107   989 8,175 SH   SOLE   6,495 0 1,680
American Express Co. COM 025816109   70 400 SH   OTR   400 0 0
American Express Co. COM 025816109   4,325 24,830 SH   SOLE   22,930 0 1,900
American Vanguard Corporation COM 030371108   184 10,300 SH   SOLE   1,300 0 9,000
Apple Inc. COM 037833100   1,467 7,565 SH   SOLE   7,565 0 0
Arch Capital Group Ltd ORD G0450A105   7 100 SH   OTR   100 0 0
Arch Capital Group Ltd ORD G0450A105   2,737 36,560 SH   SOLE   32,894 0 3,666
Bank of America COM 060505104   89 3,100 SH   SOLE   3,100 0 0
Baxter International COM 071813109   738 16,090 SH   SOLE   15,640 0 450
Berkshire Hathaway Class B CL B NEW 084670702   1,583 4,643 SH   SOLE   4,143 0 500
Blackstone Group Inc COM 09260D107   74 800 SH   OTR   800 0 0
Blackstone Group Inc COM 09260D107   8,738 93,986 SH   SOLE   89,661 0 4,325
Blackstone Mortgage Trust COM CL A 09257W100   1,653 77,149 SH   SOLE   74,534 0 2,615
Boeing COM 097023105   2,238 10,599 SH   SOLE   10,599 0 0
Bristol-Myers Squibb COM 110122108   13 200 SH   OTR   200 0 0
Bristol-Myers Squibb COM 110122108   1,217 19,027 SH   SOLE   15,302 0 3,725
Brookfield Asset Management Ltd. CL A LMT VTG SHS 113004105   11 346 SH   OTR   346 0 0
Brookfield Asset Management Ltd. CL A LMT VTG SHS 113004105   1,439 44,098 SH   SOLE   41,489 0 2,609
Brookfield Corp F Class A CL A LTD VT SH 11271J107   47 1,387 SH   OTR   1,387 0 0
Brookfield Corp F Class A CL A LTD VT SH 11271J107   5,708 169,634 SH   SOLE   155,185 0 14,449
Brookfield Renewable LP PARTNERSHIP UNIT G16258108   708 24,012 SH   SOLE   23,112 0 900
Brookfield Renewable C F Class A CL A SUB VTG 11284V105   189 5,996 SH   SOLE   5,771 0 225
Cambria Tail Risk ETF TAIL RISK 132061862   210 15,300 SH   SOLE   15,300 0 0
Canadian National Railway Co. COM 136375102   1,931 15,950 SH   SOLE   15,950 0 0
Chevron Corp. COM 166764100   1,435 9,118 SH   SOLE   7,514 0 1,604
Cisco Systems, Inc. COM 17275R102   1,660 32,086 SH   SOLE   32,086 0 0
CloudFlare, Inc. CL A COM 18915M107   62 950 SH   SOLE   950 0 0
Coca-Cola Company COM 191216100   341 5,625 SH   SOLE   5,625 0 0
Colgate-Palmolive Co COM 194162103   690 8,960 SH   SOLE   2,260 0 6,700
Comcast Corporation CL A 20030N101   748 18,000 SH   SOLE   18,000 0 0
Commercial Metals Co COM 201723103   79 1,500 SH   SOLE   1,500 0 0
Consolidated Edison COM 209115104   18 200 SH   OTR   200 0 0
Consolidated Edison COM 209115104   703 7,777 SH   SOLE   7,377 0 400
Costco Wholesale Co COM 22160K105   86 160 SH   SOLE   160 0 0
Coupang, Inc. CL A 22266T109   1,484 85,292 SH   SOLE   67,193 0 18,099
Crane Company COMMON STOCK 224408104   178 2,000 SH   SOLE   0 0 2,000
Crane NXT, Co. COM 224441105   42 750 SH   SOLE   0 0 750
Devon Energy Corp COM 25179M103   146 3,025 SH   SOLE   2,925 0 100
Dominion Resources, Inc COM 25746U109   378 7,300 SH   SOLE   7,200 0 100
Duke Energy Corp COM NEW 26441C204   647 7,205 SH   SOLE   7,205 0 0
Edison International COM 281020107   556 8,000 SH   SOLE   8,000 0 0
Eli Lilly & Company COM 532457108   227 485 SH   SOLE   485 0 0
Enbridge Inc COM 29250N105   475 12,796 SH   SOLE   12,000 0 796
Enovix Corporation COM 293594107   332 18,400 SH   SOLE   18,400 0 0
Enterprise Products Partners L.P. COM 293792107   399 15,125 SH   SOLE   14,975 0 150
ESAB Corp COM 29605J106   200 3,000 SH   SOLE   0 0 3,000
ExxonMobil Corp COM 30231G102   882 8,221 SH   SOLE   4,891 0 3,330
Franco-Nevada Corp COM 351858105   39 275 SH   OTR   275 0 0
Franco-Nevada Corp COM 351858105   1,625 11,395 SH   SOLE   10,247 0 1,148
General Mills Inc COM 370334104   167 2,177 SH   SOLE   2,177 0 0
Grab Holdings Ltd. CLASS A ORD G4124C109   449 130,838 SH   SOLE   89,986 0 40,852
Guardant Health, Inc. COM 40131M109   32 900 SH   OTR   900 0 0
Guardant Health, Inc. COM 40131M109   2,874 80,275 SH   SOLE   74,380 0 5,895
Home Depot COM 437076102   217 700 SH   OTR   700 0 0
Home Depot COM 437076102   8,497 27,353 SH   SOLE   23,953 0 3,400
Honeywell International Inc. COM 438516106   334 1,611 SH   SOLE   1,611 0 0
Hubspot Inc COM 443573100   90 170 SH   SOLE   170 0 0
Ingredion Inc COM 457187102   181 1,700 SH   SOLE   200 0 1,500
Intuitive Surgical COM NEW 46120E602   128 375 SH   SOLE   375 0 0
Johnson & Johnson COM 478160104   33 200 SH   OTR   200 0 0
Johnson & Johnson COM 478160104   2,875 17,371 SH   SOLE   16,921 0 450
JPMorgan Chase & Co COM 46625H100   7,032 48,349 SH   SOLE   48,349 0 0
Kimberly-Clark Corp COM 494368103   140 1,005 SH   SOLE   1,005 0 0
Markel Group Inc. COM 570535104   14 10 SH   OTR   10 0 0
Markel Group Inc. COM 570535104   1,386 1,002 SH   SOLE   743 0 259
Marriott Vacations COM 57164Y107   1,140 9,290 SH   SOLE   7,790 0 1,500
Martin Marietta Matr COM 573284106   485 1,050 SH   SOLE   1,050 0 0
MDU Resources Group, Inc. COM 552690109   212 10,000 SH   SOLE   2,000 0 8,000
Mercadolibre Inc COM 58733R102   83 70 SH   SOLE   20 0 50
Merck & Co. Inc. COM 58933Y105   116 1,000 SH   OTR   1,000 0 0
Merck & Co. Inc. COM 58933Y105   10,224 88,044 SH   SOLE   82,666 0 5,378
Microsoft Corporation COM 594918104   289 850 SH   OTR   850 0 0
Microsoft Corporation COM 594918104   17,650 51,828 SH   SOLE   48,116 0 3,712
NextEra Energy, Inc. COM 65339F101   24 325 SH   OTR   325 0 0
NextEra Energy, Inc. COM 65339F101   2,281 30,747 SH   SOLE   30,747 0 0
Oaktree Specialty Lending Corporation COM 67401P405   103 5,300 SH   SOLE   5,300 0 0
Obsidian Energy Ltd. COM 674482203   399 68,392 SH   SOLE   28,392 0 40,000
OGE Energy Corp. COM 670837103   1,203 33,500 SH   SOLE   33,000 0 500
Penn NTNL Gaming COM 707569109   216 8,981 SH   SOLE   8,981 0 0
PG&E Corporation COM 69331C108   603 34,875 SH   SOLE   32,375 0 2,500
PhenixFIN Corporation COM 71742W103   9 245 SH   OTR   245 0 0
PhenixFIN Corporation COM 71742W103   4,947 130,254 SH   SOLE   85,704 0 44,550
Philip Morris International Inc. COM 718172109   118 1,190 SH   SOLE   1,000 0 190
Portland General Electric Co. COM NEW 736508847   24 500 SH   OTR   500 0 0
Portland General Electric Co. COM NEW 736508847   2,976 62,915 SH   SOLE   59,590 0 3,325
Procter & Gamble COM 742718109   577 3,805 SH   SOLE   3,805 0 0
Qualcomm Inc. COM 747525103   6,875 57,750 SH   SOLE   55,525 0 2,225
Raytheon Technologies Co COM 75513E101   191 1,950 SH   SOLE   1,950 0 0
Saba Capital Income & Opportunities Fund SHS NEW 78518H202   156 20,225 SH   SOLE   20,225 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   616 33,410 SH   SOLE   33,410 0 0
SLB COM STK 806857108   1,962 39,744 SH   SOLE   38,894 0 850
Snowflake Inc. CL A 833445109   318 1,805 SH   SOLE   1,550 0 255
Southern Company COM 842587107   1,915 27,261 SH   SOLE   27,261 0 0
Texas Instruments COM 882508104   720 4,000 SH   SOLE   4,000 0 0
The Williams Companies, Inc. COM 969457100   49 1,500 SH   SOLE   1,500 0 0
Thermo Fisher Scientific COM 883556102   17 33 SH   SOLE   33 0 0
Tidewater Inc. COM 88642R109   111 2,000 SH   SOLE   0 0 2,000
Union Pacific Corp. COM 907818108   82 400 SH   OTR   400 0 0
Union Pacific Corp. COM 907818108   6,695 32,720 SH   SOLE   32,720 0 0
Vaneck Vectors Green Bond ETF GREEN BOND ETF 92189F171   192 8,250 SH   SOLE   8,250 0 0
Walgreens Boots Alliance, Inc. COM 931427108   62 2,185 SH   SOLE   2,185 0 0
Weyerhaeuser Co REIT COM NEW 962166104   50 1,500 SH   OTR   1,500 0 0
Weyerhaeuser Co REIT COM NEW 962166104   5,515 164,575 SH   SOLE   156,925 0 7,650