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
ACTIVISION BLIZZARD INC COM 00507V109 2,360 50,000 SH   DFND 1,2,3 50,000 0 0
ACTIVISION BLIZZARD INC COM 00507V109 142 3,000 SH   DFND 2,3 3,000 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 2,475 18,898 SH   DFND 1,2,3 18,898 0 0
ALPHABET INC CAP STK CL A 02079K305 18,987 17,535 SH   DFND 1,2,3 17,535 0 0
ALPHABET INC CAP STK CL A 02079K305 287 265 SH   DFND 2,3 265 0 0
AMAZON COM INC COM 023135106 2,272 1,200 SH   DFND 1,2,3 1,200 0 0
AMAZON COM INC COM 023135106 682 360 SH   DFND 2,3 360 0 0
AVON PRODS INC COM 054303102 19,781 5,098,159 SH   DFND 1,2,3 5,098,159 0 0
BANCO MACRO SA SPON ADR B 05961W105 141,532 1,942,793 SH   DFND 1,2,3 1,942,793 0 0
BANCO MACRO SA SPON ADR B 05961W105 860 11,800 SH   DFND 2,3 11,800 0 0
BANK AMER CORP COM 060505104 116 4,000 SH   DFND 2,3 4,000 0 0
BARRICK GOLD CORPORATION COM 067901108 118,510 7,514,886 SH   DFND 1,2,3 7,514,886 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 480 2,250 SH   DFND 2,3 2,250 0 0
BMC STK HLDGS INC COM 05591B109 20,571 970,322 SH   DFND 1,2,3 970,322 0 0
BOOKING HLDGS INC COM 09857L108 2,550 1,360 SH   DFND 1,2,3 1,360 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,927 42,500 SH   DFND 1,2,3 42,500 0 0
CADIZ INC COM NEW 127537207 9,852 875,720 SH   DFND 1,2,3 875,720 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 0 1 SH   DFND 2,3 1 0 0
COLONY CAP INC NEW CL A COM 19626G108 33,392 6,678,418 SH   DFND 1,2,3 6,678,418 0 0
COMCAST CORP NEW CL A 20030N101 31,863 753,623 SH   DFND 1,2,3 753,623 0 0
CSX CORP COM 126408103 124 1,600 SH   DFND 2,3 1,600 0 0
D R HORTON INC COM 23331A109 537 12,450 SH   DFND 2,3 12,450 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 25,064 441,658 SH   DFND 1,2,3 441,658 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 670 113,300 SH   DFND 1,2,3 113,300 0 0
DISCOVER FINL SVCS COM 254709108 2,250 29,000 SH   DFND 1,2,3 29,000 0 0
DISNEY WALT CO COM DISNEY 254687106 2,234 16,000 SH   DFND 1,2,3 16,000 0 0
DISNEY WALT CO COM DISNEY 254687106 758 5,425 SH   DFND 2,3 5,425 0 0
EAGLE MATERIALS INC COM 26969P108 183 1,975 SH   DFND 2,3 1,975 0 0
ENSCO ROWAN PLC SHS CLASS A G3166L100 83,657 9,807,328 SH   DFND 1,2,3 9,807,328 0 0
ENSCO ROWAN PLC SHS CLASS A G3166L100 185 21,703 SH   DFND 2,3 21,703 0 0
ERICSSON ADR B SEK 10 294821608 3,756 395,401 SH   DFND 1,2,3 395,401 0 0
EURONAV NV ANTWERPEN SHS B38564108 10,423 1,104,100 SH   DFND 1,2,3 1,104,100 0 0
FOX CORP CL A COM 35137L105 8,281 226,685 SH   DFND 1,2,3 226,685 0 0
FOX CORP CL A COM 35137L105 27 750 SH   DFND 2,3 750 0 0
FRONTLINE LTD SHS NEW G3682E192 30,285 3,785,565 SH   DFND 1,2,3 3,785,565 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,043 5,100 SH   DFND 1,2,3 5,100 0 0
GRUPO FINANCIERO GALICIA S A SPONSORED ADR 399909100 26,026 733,119 SH   DFND 1,2,3 733,119 0 0
GRUPO SUPERVIELLE S A SPONSORED ADR 40054A108 5,473 694,573 SH   DFND 1,2,3 694,573 0 0
JD COM INC SPON ADR CL A 47215P106 3,786 125,000 SH   DFND 1,2,3 125,000 0 0
JD COM INC SPON ADR CL A 47215P106 345 11,400 SH   DFND 2,3 11,400 0 0
JPMORGAN CHASE & CO COM 46625H100 6,422 57,440 SH   DFND 1,2,3 57,440 0 0
JPMORGAN CHASE & CO COM 46625H100 402 3,600 SH   DFND 2,3 3,600 0 0
KINROSS GOLD CORP COM 496902404 28,056 7,230,932 SH   DFND 1,2,3 7,230,932 0 0
LAS VEGAS SANDS CORP COM 517834107 2,955 50,000 SH   DFND 1,2,3 50,000 0 0
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 28,527 795,518 SH   DFND 1,2,3 795,518 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 18,387 491,498 SH   DFND 1,2,3 491,498 0 0
LYFT INC CL A COM 55087P104 1,971 30,000 SH   DFND 1,2,3 30,000 0 0
MARTIN MARIETTA MATLS INC COM 573284106 3,452 15,000 SH   DFND 1,2,3 15,000 0 0
MASTERCARD INC CL A 57636Q104 13,133 49,648 SH   DFND 1,2,3 49,648 0 0
MERCADOLIBRE INC COM COM 58733R102 22,057 36,054 SH   DFND 1,2,3 36,054 0 0
MICROSOFT CORP COM 594918104 22,332 166,707 SH   DFND 1,2,3 166,707 0 0
MICROSOFT CORP COM 594918104 449 3,350 SH   DFND 2,3 3,350 0 0
MONDELEZ INTL INC CL A 609207105 2,695 50,000 SH   DFND 1,2,3 50,000 0 0
NEWMONT GOLDCORP CORPORATION COM 651639106 481 12,500 SH   DFND 2,3 12,500 0 0
OCH ZIFF CPTL MANGEMNT GRP I CL A NEW 67551U204 11,606 505,487 SH   DFND 1,2,3 505,487 0 0
PAYPAL HLDGS INC COM 70450Y103 3,434 30,000 SH   DFND 1,2,3 30,000 0 0
PLUG POWER INC COM NEW 72919P202 32,857 14,603,252 SH   DFND 1,2,3 14,603,252 0 0
REGENERON PHARMACEUTICALS COM 75886F107 1,596 5,100 SH   DFND 1,2,3 5,100 0 0
SEADRILL LTD COM G7998G106 25,178 6,052,476 SH   DFND 1,2,3 6,052,476 0 0
SONY CORP SPONSORED ADR 835699307 27,409 523,181 SH   DFND 1,2,3 523,181 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 58 400 SH   DFND 2,3 400 0 0
SPRINT CORPORATION COM 85207U105 3,883 591,000 SH   DFND 1,2,3 591,000 0 0
STARS GROUP INC COM 85570W100 72,870 4,268,901 SH   DFND 1,2,3 4,268,901 0 0
T MOBILE US INC COM COM 872590104 17,240 232,536 SH   DFND 1,2,3 232,536 0 0
THE CHARLES SCHWAB CORPORATI COM 808513105 868 21,600 SH   DFND 1,2,3 21,600 0 0
TRANSOCEAN LTD REG SHS H8817H100 192 30,000 SH   DFND 2,3 30,000 0 0
VIACOM INC NEW CL B 92553P201 3,734 125,000 SH   DFND 1,2,3 125,000 0 0
VIASAT INC COM 92552V100 200,971 2,486,645 SH   DFND 1,2,3 2,486,645 0 0
VIASAT INC COM 92552V100 352 4,350 SH   DFND 2,3 4,350 0 0
VISA INC COM CL A 92826C839 7,133 41,100 SH   DFND 1,2,3 41,100 0 0
VISA INC COM CL A 92826C839 26 150 SH   DFND 2,3 150 0 0
VULCAN MATLS CO COM 929160109 3,433 25,000 SH   DFND 1,2,3 25,000 0 0