# EDGAR Filing Document

**Accession Number:** 0000052234
**File Stem:** 0000892712-25-000087
**Filing Date:** 2025-8
**Character Count:** 12819
**Document Hash:** f4626a417452745fc8404b6ee230003d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000892712-25-000087.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0000892712-25-000087

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**EFFECTIVENESS DATE**: 20250801

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WINMILL & CO. INC
- **CENTRAL INDEX KEY:** 0000052234
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 131897916
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05465
- **FILM NUMBER:** 251174436

**BUSINESS ADDRESS:**
- **STREET 1:** 2255 BUFFALO ROAD
- **CITY:** ROCHESTER
- **STATE:** NY
- **ZIP:** 14624
- **BUSINESS PHONE:** 2127850900

**MAIL ADDRESS:**
- **STREET 1:** 2255 BUFFALO ROAD
- **CITY:** ROCHESTER
- **STATE:** NY
- **ZIP:** 14624

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WINMILL & CO INC
- **DATE OF NAME CHANGE:** 19990409

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BULL & BEAR GROUP INC
- **DATE OF NAME CHANGE:** 19920703

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** WINMILL  CO. INC<br>**Address:** 2255 BUFFALO ROAD<br>ROCHESTER, NY 14624

**Form 13F File Number:** 028-05465

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Russell Kamerman<br>**Title:** Co-General Counsel<br>**Phone:** 212-785-0900

**Signature, Place, and Date of Signing:**

/s/ Russell Kamerman  Brooklyn, NY  07-24-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 90

**Form 13F Information Table Value Total:** $359600974

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name               | Form 13F File Number   |
|:---|:---|:---|
|  | Bexil Advisers LLC | 028-14476              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGNICO EAGLE MINES LTD. | COM | 008474108 |  | 3567900 | 30000 | SH |  | DFND |  | 30000 | 0 | 0 |
| ALLISON TRANSMISSION HOLDINGS INC. | COM | 01973R101 |  | 7551705 | 79500 | SH |  | DFND | 1 | 79500 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 101156 | 574 | SH |  | DFND |  | 574 | 0 | 0 |
| ALPHABET INC. | CAP STK CL A | 02079K305 |  | 7472152 | 42400 | SH |  | DFND |  | 42400 | 0 | 0 |
| ALPHABET INC. | CAP STK CL A | 02079K305 |  | 11578311 | 65700 | SH |  | DFND | 1 | 65700 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 144777 | 39 | SH |  | DFND |  | 39 | 0 | 0 |
| AUTOZONE INC. | COM | 053332102 |  | 3637985 | 980 | SH |  | DFND |  | 980 | 0 | 0 |
| AUTOZONE INC. | COM | 053332102 |  | 22458992 | 6050 | SH |  | DFND | 1 | 6050 | 0 | 0 |
| BERKSHIRE HATHAWAY INC. | CL B NEW | 084670702 |  | 2477427 | 5100 | SH |  | DFND |  | 5100 | 0 | 0 |
| BUILD-A-BEAR WORKSHOP INC. | COM | 120076104 |  | 850740 | 16500 | SH |  | DFND |  | 16500 | 0 | 0 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 390889 | 14081 | SH |  | DFND |  | 14081 | 0 | 0 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 7635499 | 275054 | SH |  | DFND | 1 | 275054 | 0 | 0 |
| CREDIT ACCEP CORP MICH | COM | 225310101 |  | 95263 | 187 | SH |  | DFND |  | 187 | 0 | 0 |
| CREDIT ACCEPTANCE CORP. | COM | 225310101 |  | 967917 | 1900 | SH |  | DFND |  | 1900 | 0 | 0 |
| CREDIT ACCEPTANCE CORP. | COM | 225310101 |  | 11716890 | 23000 | SH |  | DFND | 1 | 23000 | 0 | 0 |
| CROCS INC. | COM | 227046109 |  | 211675 | 2090 | SH |  | DFND |  | 2090 | 0 | 0 |
| CROCS INC. | COM | 227046109 |  | 4152480 | 41000 | SH |  | DFND | 1 | 41000 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 595000 | 14000 | SH |  | DFND |  | 14000 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 103622 | 248 | SH |  | DFND |  | 248 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 413652 | 990 | SH |  | DFND |  | 990 | 0 | 0 |
| DILLARDS INC | CL A | 254067101 |  | 8481949 | 20300 | SH |  | DFND | 1 | 20300 | 0 | 0 |
| DONNELLEY FINANCIAL SOLUTIONS INC. | COM | 25787G100 |  | 369900 | 6000 | SH |  | DFND |  | 6000 | 0 | 0 |
| DONNELLEY FINANCIAL SOLUTIONS INC. | COM | 25787G100 |  | 14611050 | 237000 | SH |  | DFND | 1 | 237000 | 0 | 0 |
| ELEVANCE HEALTH INC. | COM | 036752103 |  | 171142 | 440 | SH |  | DFND |  | 440 | 0 | 0 |
| ELEVANCE HEALTH INC. | COM | 036752103 |  | 3734016 | 9600 | SH |  | DFND | 1 | 9600 | 0 | 0 |
| ESSENT GROUP LTD. | COM | G3198U102 |  | 1487885 | 24500 | SH |  | DFND |  | 24500 | 0 | 0 |
| ESSENT GROUP LTD. | COM | G3198U102 |  | 12146000 | 200000 | SH |  | DFND | 1 | 200000 | 0 | 0 |
| EXCHANGE LISTED FDS TR | SABA INT RATE | 30151E806 |  | 2224 | 100 | SH |  | DFND | 1 | 100 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 1478381 | 10027 | SH |  | DFND |  | 10027 | 0 | 0 |
| FIRSTHAND TECHNOLOGY VALUE F | COM | 33766Y100 |  | 6 | 100 | SH |  | DFND | 1 | 100 | 0 | 0 |
| FRANCO-NEVADA CORP. | COM | 351858105 |  | 754032 | 4600 | SH |  | DFND |  | 4600 | 0 | 0 |
| GLOBAL SELF STORAGE INC | COM | 37955N106 |  | 721439 | 135101 | SH |  | DFND |  | 135101 | 0 | 0 |
| GLOBAL SELF STORAGE INC | COM | 37955N106 |  | 539634 | 101055 | SH |  | DFND |  | 101055 | 0 | 0 |
| GLOBAL SELF STORAGE INC | COM | 37955N106 |  | 1082434 | 202703 | SH |  | DFND |  | 202703 | 0 | 0 |
| GLOBAL SELF STORAGE INC | COM | 37955N106 |  | 214577 | 40183 | SH |  | SOLE |  | 40183 | 0 | 0 |
| HIGH INCOME SECURITIES FUND | SHS BEN INT | 42968F108 |  | 4204 | 662 | SH |  | DFND | 1 | 662 | 0 | 0 |
| IAMGOLD CORP. | COM | 450913108 |  | 1514100 | 206000 | SH |  | DFND |  | 206000 | 0 | 0 |
| IAMGOLD CORP. | COM | 450913108 |  | 7644000 | 1040000 | SH |  | DFND | 1 | 1040000 | 0 | 0 |
| INTERACTIVE BROKERS GROUP INC. | COM CL A | 45841N107 |  | 1285512 | 23200 | SH |  | DFND |  | 23200 | 0 | 0 |
| INTERACTIVE BROKERS GROUP INC. | COM CL A | 45841N107 |  | 16844640 | 304000 | SH |  | DFND | 1 | 304000 | 0 | 0 |
| ISHARES SILVER TRUST | ISHARES | 46428Q109 |  | 732319 | 22320 | SH |  | DFND |  | 22320 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1971388 | 6800 | SH |  | DFND |  | 6800 | 0 | 0 |
| KINROSS GOLD CORP. | COM | 496902404 |  | 1070655 | 68500 | SH |  | DFND |  | 68500 | 0 | 0 |
| KINROSS GOLD CORP. | COM | 496902404 |  | 11675610 | 747000 | SH |  | DFND | 1 | 747000 | 0 | 0 |
| LAM RESEARCH CORP. | COM NEW | 512807306 |  | 1168080 | 12000 | SH |  | DFND |  | 12000 | 0 | 0 |
| LAM RESEARCH CORP. | COM NEW | 512807306 |  | 9441980 | 97000 | SH |  | DFND | 1 | 97000 | 0 | 0 |
| LPL FINANCIAL HOLDINGS INC. | COM | 50212V100 |  | 884929 | 2360 | SH |  | DFND |  | 2360 | 0 | 0 |
| LPL FINANCIAL HOLDINGS INC. | COM | 50212V100 |  | 17436105 | 46500 | SH |  | DFND | 1 | 46500 | 0 | 0 |
| MASTERCARD INC. | CL A | 57636Q104 |  | 5619400 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| MATADOR RESOURCES CO. | COM | 576485205 |  | 279162 | 5850 | SH |  | DFND |  | 5850 | 0 | 0 |
| MATADOR RESOURCES CO. | COM | 576485205 |  | 5249200 | 110000 | SH |  | DFND | 1 | 110000 | 0 | 0 |
| META PLATFORMS INC. | CL A | 30303M102 |  | 848804 | 1150 | SH |  | DFND |  | 1150 | 0 | 0 |
| MEXICO EQUITY  INCOME FD | COM | 592834105 |  | 62820 | 6000 | SH |  | DFND | 1 | 6000 | 0 | 0 |
| MUELLER INDUSTRIES INC. | COM | 624756102 |  | 626224 | 7880 | SH |  | DFND |  | 7880 | 0 | 0 |
| MUELLER INDUSTRIES INC. | COM | 624756102 |  | 12826458 | 161400 | SH |  | DFND | 1 | 161400 | 0 | 0 |
| NEW GOLD INC. | COM | 644535106 |  | 1287000 | 260000 | SH |  | DFND |  | 260000 | 0 | 0 |
| NEW GOLD INC. | COM | 644535106 |  | 9108000 | 1840000 | SH |  | DFND | 1 | 1840000 | 0 | 0 |
| NEWMONT GOLDCORP CORP. | COM | 651639106 |  | 1048680 | 18000 | SH |  | DFND |  | 18000 | 0 | 0 |
| NMI HOLDINGS INC. | COM | 629209305 |  | 711703 | 16869 | SH |  | DFND |  | 16869 | 0 | 0 |
| NMI HOLDINGS INC. | COM | 629209305 |  | 15999545 | 379226 | SH |  | DFND | 1 | 379226 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 125556 | 17 | SH |  | DFND |  | 17 | 0 | 0 |
| NVR INC. | COM | 62944T105 |  | 997064 | 135 | SH |  | DFND |  | 135 | 0 | 0 |
| NVR INC. | COM | 62944T105 |  | 7718015 | 1045 | SH |  | DFND | 1 | 1045 | 0 | 0 |
| PAYPAL HOLDINGS INC. | COM | 70450Y103 |  | 5499680 | 74000 | SH |  | DFND | 1 | 74000 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 |  | 498814 | 1700 | SH |  | DFND |  | 1700 | 0 | 0 |
| QUALCOMM INC. | COM | 747525103 |  | 668892 | 4200 | SH |  | DFND |  | 4200 | 0 | 0 |
| ROYAL GOLD INC. | COM | 780287108 |  | 942552 | 5300 | SH |  | DFND |  | 5300 | 0 | 0 |
| SABA CAPITAL INCOME  OPPORT | COM NEW | 880198205 |  | 156 | 17 | SH |  | DFND | 1 | 17 | 0 | 0 |
| SABA CAPITAL INCOME  OPRNT | SHS NEW | 78518H202 |  | 29016 | 3600 | SH |  | DFND | 1 | 3600 | 0 | 0 |
| SNAP-ON INC. | COM | 833034101 |  | 8650804 | 27800 | SH |  | DFND | 1 | 27800 | 0 | 0 |
| SPDR GOLD SHARES ETF | GOLD SHS | 78463V107 |  | 1056236 | 3465 | SH |  | DFND |  | 3465 | 0 | 0 |
| SPECIAL OPPORTUNITIES FD INC | 2.75% CNV PFD C A | 84741T401 |  | 4960 | 200 | SH |  | DFND | 1 | 200 | 0 | 0 |
| SPECIAL OPPORTUNITIES FD INC | COM | 84741T104 |  | 30980 | 2000 | SH |  | DFND | 1 | 2000 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 108424 | 847 | SH |  | DFND |  | 847 | 0 | 0 |
| STEEL DYNAMICS INC. | COM | 858119100 |  | 1011279 | 7900 | SH |  | DFND |  | 7900 | 0 | 0 |
| STEEL DYNAMICS INC. | COM | 858119100 |  | 20481600 | 160000 | SH |  | DFND | 1 | 160000 | 0 | 0 |
| TOTAL RETURN SECURITIES FUND | COM | 870875101 |  | 20732 | 3270 | SH |  | DFND | 1 | 3270 | 0 | 0 |
| TRIPLE FLAG PRECIOUS METALS CORP | COM | 89679M104 |  | 710700 | 30000 | SH |  | DFND |  | 30000 | 0 | 0 |
| UFP INDUSTRIES INC. | COM | 90278Q108 |  | 248400 | 2500 | SH |  | DFND |  | 2500 | 0 | 0 |
| UFP INDUSTRIES INC. | COM | 90278Q108 |  | 6935328 | 69800 | SH |  | DFND | 1 | 69800 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 131092 | 174 | SH |  | DFND |  | 174 | 0 | 0 |
| UNITED RENTALS INC. | COM | 911363109 |  | 553749 | 735 | SH |  | DFND |  | 735 | 0 | 0 |
| UNITED RENTALS INC. | COM | 911363109 |  | 10924300 | 14500 | SH |  | DFND | 1 | 14500 | 0 | 0 |
| UNITEDHEALTH GROUP INC. | COM | 91324P102 |  | 928111 | 2975 | SH |  | DFND |  | 2975 | 0 | 0 |
| UNITEDHEALTH GROUP INC. | COM | 91324P102 |  | 4211595 | 13500 | SH |  | DFND | 1 | 13500 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP. | COM | 962879102 |  | 1050660 | 11700 | SH |  | DFND |  | 11700 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP. | COM | 962879102 |  | 10506600 | 117000 | SH |  | DFND | 1 | 117000 | 0 | 0 |
| WILLIAMS-SONOMA INC | COM | 969904101 |  | 162390 | 994 | SH |  | DFND |  | 994 | 0 | 0 |
| WILLIAMS-SONOMA INC. | COM | 969904101 |  | 2450550 | 15000 | SH |  | DFND |  | 15000 | 0 | 0 |
| WILLIAMS-SONOMA INC. | COM | 969904101 |  | 15683520 | 96000 | SH |  | DFND | 1 | 96000 | 0 | 0 |

---