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        <EOYBookValueAmt>137346</EOYBookValueAmt>
        <EOYFMVAmt>133332</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOSTON PROPERTIES</StockNm>
        <EOYBookValueAmt>43358</EOYBookValueAmt>
        <EOYFMVAmt>41833</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CVS HEALTH CORP</StockNm>
        <EOYBookValueAmt>92086</EOYBookValueAmt>
        <EOYFMVAmt>89775</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CARRIER GLOBAL</StockNm>
        <EOYBookValueAmt>38315</EOYBookValueAmt>
        <EOYFMVAmt>37887</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC</StockNm>
        <EOYBookValueAmt>148326</EOYBookValueAmt>
        <EOYFMVAmt>143364</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMCAST CORP</StockNm>
        <EOYBookValueAmt>178730</EOYBookValueAmt>
        <EOYFMVAmt>171888</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JOHN DEERE MTN</StockNm>
        <EOYBookValueAmt>148666</EOYBookValueAmt>
        <EOYFMVAmt>141660</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALT DISNEY COMPANY</StockNm>
        <EOYBookValueAmt>177800</EOYBookValueAmt>
        <EOYFMVAmt>174074</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUINIX INC</StockNm>
        <EOYBookValueAmt>47024</EOYBookValueAmt>
        <EOYFMVAmt>47299</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EVERSOURCE ENERGY</StockNm>
        <EOYBookValueAmt>108959</EOYBookValueAmt>
        <EOYFMVAmt>102847</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MILLS</StockNm>
        <EOYBookValueAmt>92682</EOYBookValueAmt>
        <EOYFMVAmt>88941</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS</StockNm>
        <EOYBookValueAmt>92345</EOYBookValueAmt>
        <EOYFMVAmt>89610</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HOME DEPOT INC</StockNm>
        <EOYBookValueAmt>166784</EOYBookValueAmt>
        <EOYFMVAmt>159800</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE CO</StockNm>
        <EOYBookValueAmt>180290</EOYBookValueAmt>
        <EOYFMVAmt>174856</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KEURIG DR PEPPER</StockNm>
        <EOYBookValueAmt>117085</EOYBookValueAmt>
        <EOYFMVAmt>113322</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LINCOLN NATIONAL</StockNm>
        <EOYBookValueAmt>32600</EOYBookValueAmt>
        <EOYFMVAmt>31196</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOCKHEED MARTIN CORP</StockNm>
        <EOYBookValueAmt>96472</EOYBookValueAmt>
        <EOYFMVAmt>92013</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOWE S COS INC</StockNm>
        <EOYBookValueAmt>105214</EOYBookValueAmt>
        <EOYFMVAmt>104147</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MASTERCARD</StockNm>
        <EOYBookValueAmt>132274</EOYBookValueAmt>
        <EOYFMVAmt>126506</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROSOFT CORP</StockNm>
        <EOYBookValueAmt>177538</EOYBookValueAmt>
        <EOYFMVAmt>171735</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY MTN</StockNm>
        <EOYBookValueAmt>88426</EOYBookValueAmt>
        <EOYFMVAmt>85196</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NIKE INC ST</StockNm>
        <EOYBookValueAmt>177523</EOYBookValueAmt>
        <EOYFMVAmt>170820</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NORTHROP GRUMMAN</StockNm>
        <EOYBookValueAmt>119030</EOYBookValueAmt>
        <EOYFMVAmt>117724</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PAYPAL HOLDINGS INC</StockNm>
        <EOYBookValueAmt>46663</EOYBookValueAmt>
        <EOYFMVAmt>45635</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROLOGIS L P</StockNm>
        <EOYBookValueAmt>98232</EOYBookValueAmt>
        <EOYFMVAmt>92997</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRUDENTIAL MTN</StockNm>
        <EOYBookValueAmt>77525</EOYBookValueAmt>
        <EOYFMVAmt>75035</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEMPRA ENERGY</StockNm>
        <EOYBookValueAmt>114164</EOYBookValueAmt>
        <EOYFMVAmt>111775</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SIMON PROPERTY GROUP</StockNm>
        <EOYBookValueAmt>87912</EOYBookValueAmt>
        <EOYFMVAmt>86512</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STARBUCKS CORP</StockNm>
        <EOYBookValueAmt>43778</EOYBookValueAmt>
        <EOYFMVAmt>43261</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TARGET CORP</StockNm>
        <EOYBookValueAmt>69467</EOYBookValueAmt>
        <EOYFMVAmt>66985</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITEDHEALTH GROUP</StockNm>
        <EOYBookValueAmt>136367</EOYBookValueAmt>
        <EOYFMVAmt>130111</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERIZON</StockNm>
        <EOYBookValueAmt>87475</EOYBookValueAmt>
        <EOYFMVAmt>83365</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF NOVA</StockNm>
        <EOYBookValueAmt>133858</EOYBookValueAmt>
        <EOYFMVAmt>131505</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CANADIAN PAC RY CO</StockNm>
        <EOYBookValueAmt>45171</EOYBookValueAmt>
        <EOYFMVAmt>45162</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENBRIDGE INC.</StockNm>
        <EOYBookValueAmt>56367</EOYBookValueAmt>
        <EOYFMVAmt>54954</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MITSUBISHI UFJ FIN</StockNm>
        <EOYBookValueAmt>158366</EOYBookValueAmt>
        <EOYFMVAmt>154437</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHLUMBERGER INV</StockNm>
        <EOYBookValueAmt>117986</EOYBookValueAmt>
        <EOYFMVAmt>114893</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHELL INTERNATIONAL</StockNm>
        <EOYBookValueAmt>131990</EOYBookValueAmt>
        <EOYFMVAmt>127710</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STATOIL ASA</StockNm>
        <EOYBookValueAmt>133235</EOYBookValueAmt>
        <EOYFMVAmt>128870</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SUMITOMO MITSUI MTN</StockNm>
        <EOYBookValueAmt>54179</EOYBookValueAmt>
        <EOYFMVAmt>52548</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TORONTO DOMINION MTN.</StockNm>
        <EOYBookValueAmt>159651</EOYBookValueAmt>
        <EOYFMVAmt>155048</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtObligationsBookVlEOYAmt>3774148</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>3659912</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>2298511</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>2291921</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GQG PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2061952</BookValueAmt>
        <EOYFMVAmt>3027630</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARTISAN INTL VALUE FUNDS INC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2357745</BookValueAmt>
        <EOYFMVAmt>3606382</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DFA EMERGING MARKETS VALUE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>4975830</BookValueAmt>
        <EOYFMVAmt>5188465</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GMO CLIMATE CHANGE II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2266108</BookValueAmt>
        <EOYFMVAmt>3126908</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES CORE MSCI EMERGING MKTS ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2706867</BookValueAmt>
        <EOYFMVAmt>3035201</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LONGLEAF PARTNERS FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1463246</BookValueAmt>
        <EOYFMVAmt>1714492</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TWEEDY BROWNE GLOBAL VALUE II CCY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>4145561</BookValueAmt>
        <EOYFMVAmt>4652439</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD FTSE DEVELOPED ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>4547899</BookValueAmt>
        <EOYFMVAmt>5346288</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD TOTAL WORLD STOCK INDEX ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2982955</BookValueAmt>
        <EOYFMVAmt>3201629</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD S P 500 ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>15574763</BookValueAmt>
        <EOYFMVAmt>19515552</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD REAL ESTATE ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>161227</BookValueAmt>
        <EOYFMVAmt>245129</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES CORE U.S. AGGREGATE BOND ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>5653912</BookValueAmt>
        <EOYFMVAmt>5553300</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD TOTAL BOND MARKET INDEX ADM</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>3</BookValueAmt>
        <EOYFMVAmt>3</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FPA CRESENT PORTFOLIO CL L</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1372453</BookValueAmt>
        <EOYFMVAmt>1480559</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AETOS CAPITAL OPP. FUND CAYMAN LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2000000</BookValueAmt>
        <EOYFMVAmt>2774364</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARROWSTREET GLOBAL EQ ACWI TR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2046600</BookValueAmt>
        <EOYFMVAmt>3126011</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CANYON BALANCED FUND (CAYMAN)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>600061</BookValueAmt>
        <EOYFMVAmt>705785</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CEVIAN CAPITAL II LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2750000</BookValueAmt>
        <EOYFMVAmt>3713464</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DAVIDSON KEMPNER INSTITUTIONAL PARNTERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1600000</BookValueAmt>
        <EOYFMVAmt>2126738</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DORSAL CAPITAL PARTNERS, LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1200000</BookValueAmt>
        <EOYFMVAmt>1248203</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GLOBAL RESEARCH EQ. EXTENDED FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2800000</BookValueAmt>
        <EOYFMVAmt>3349030</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLDENTREE SELECT OFFSHORE LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1344121</BookValueAmt>
        <EOYFMVAmt>1974440</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GRAHAM GLOBAL INVESTMENT FUND II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>993733</BookValueAmt>
        <EOYFMVAmt>1194772</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GREEN COURT CHINA OPPORTUNITY FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1400000</BookValueAmt>
        <EOYFMVAmt>1459220</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HARVEST MLP INCOME FUND III LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1947000</BookValueAmt>
        <EOYFMVAmt>2559639</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HBK MULTI-STRATEGY OFFSHORE FUND LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1605271</BookValueAmt>
        <EOYFMVAmt>1969967</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HUDSON BAY INTERNATIONAL FUND LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2000000</BookValueAmt>
        <EOYFMVAmt>2269894</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HULL STREET ENERGY PARTNERS I-A, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>570048</BookValueAmt>
        <EOYFMVAmt>676689</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>IMPACT AMERICA FUND II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>286800</BookValueAmt>
        <EOYFMVAmt>267167</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCLUSIVE CAP PARTNERS SPRING INTL (PREV NAMED VALUEACT)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1106134</BookValueAmt>
        <EOYFMVAmt>1867905</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INDABA CAPITAL PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>700000</BookValueAmt>
        <EOYFMVAmt>1419795</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>KINGSTOWN PARTNERS OFFSHORE LIMITED</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>306155</BookValueAmt>
        <EOYFMVAmt>306155</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MAKAIRA INVESTORS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1300000</BookValueAmt>
        <EOYFMVAmt>3302476</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MAVERICK LONG LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1843065</BookValueAmt>
        <EOYFMVAmt>3071628</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NITORUM OFFSHORE FUND, LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1200000</BookValueAmt>
        <EOYFMVAmt>1194209</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NOKOTA CAPITAL HOLDBACK</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>90437</BookValueAmt>
        <EOYFMVAmt>90437</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NOKOTA LCB, LLC (NOKOTA LC, LLC)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>90454</BookValueAmt>
        <EOYFMVAmt>110082</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OBVIOUS VENTURES III, L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>396000</BookValueAmt>
        <EOYFMVAmt>582690</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OWNERSHIP CAP. GLOBAL EQ</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1900000</BookValueAmt>
        <EOYFMVAmt>3247592</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PALATINE REAL ESTATE FUND III, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>519138</BookValueAmt>
        <EOYFMVAmt>640345</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RENAISSANCE INSTITUTIONAL EQUITIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1100000</BookValueAmt>
        <EOYFMVAmt>1242086</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RETHINK IMPACT II, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>178582</BookValueAmt>
        <EOYFMVAmt>156969</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RRG GLOBAL PARTNERS FUND, L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>640099</BookValueAmt>
        <EOYFMVAmt>825517</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STEWART INVESTORS GLOBAL EMER MRKTS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2182120</BookValueAmt>
        <EOYFMVAmt>3126967</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SUSTAINABLE ASSET FUND II (CAYMAN)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>427261</BookValueAmt>
        <EOYFMVAmt>583294</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TELEGRAPH HILL PARTNERS IV LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>605500</BookValueAmt>
        <EOYFMVAmt>1563623</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TYBOURNE EQUITY (OFFSHORE) FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1400000</BookValueAmt>
        <EOYFMVAmt>1387738</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>V3 REALTY PARTNERS (A), L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1600000</BookValueAmt>
        <EOYFMVAmt>2301877</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VALINOR CAPITAL PARTNERS OFFSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>84790</BookValueAmt>
        <EOYFMVAmt>89948</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VARDE CREDIT PATNERS OFFSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>993475</BookValueAmt>
        <EOYFMVAmt>1161171</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>W CAPITAL PARTNERS IV-A, L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>205317</BookValueAmt>
        <EOYFMVAmt>670421</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WHALE ROCK FLAGSHIP FUND LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>966419</BookValueAmt>
        <EOYFMVAmt>1444313</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMPAGNIE FINANCIERE RICHEMONT SA WARRANT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>5557</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>42307</LegalFeesAmt>
        <NetInvestmentIncomeAmt>21153</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>21153</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>OTHER EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>1951</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>976</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>976</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MINNESOTA FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>7189</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7189</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER EXPENSES FROM SCHEDULE K-1'S</Desc>
        <RevenueAndExpensesPerBooksAmt>0</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>363075</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER INCOME FROM SCHEDULE K-1'S</Desc>
        <NetInvestmentIncomeAmt>413701</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>DIVIDENDS FROM FOREIGN CORPORATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>0</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3808035</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ARABELLA ADVISORS</CategoryTxt>
        <Amt>248831</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>248831</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PERSHING INVESTMENT EXPENSES</CategoryTxt>
        <Amt>43503</Amt>
        <NetInvestmentIncomeAmt>43503</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BANK FEES</CategoryTxt>
        <Amt>99289</Amt>
        <NetInvestmentIncomeAmt>99288</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>422113</Amt>
        <NetInvestmentIncomeAmt>422113</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>POWERED BY SHAKTI, LLC</CategoryTxt>
        <Amt>219950</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>219950</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>134500</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PERSHING FOREIGN TAXES PAID</CategoryTxt>
        <Amt>5313</Amt>
        <NetInvestmentIncomeAmt>5624</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
