# EDGAR Filing Document

**Accession Number:** 0000052234
**File Stem:** 0000892712-23-000040
**Filing Date:** 2023-2
**Character Count:** 15160
**Document Hash:** c3be86a9f128422e3d24a5f095129fe7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000892712-23-000040.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0000892712-23-000040

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WINMILL & CO. INC
- **CENTRAL INDEX KEY:** 0000052234
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **IRS NUMBER:** 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:** 23615349

**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:** 12-31-2022

**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:** General Counsel<br>**Phone:** 212-785-0900

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

/s/ Russell Kamerman  Brooklyn, NY  01-23-2023<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:** 113

**Form 13F Information Table Value Total:** $274648577

      (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 |  | 1684476 | 32400 | SH |  | DFND |  | 32400 | 0 | 0 |
| ALPHABET INC. | CAP STK CL A | 02079K305 |  | 3829182 | 43400 | SH |  | DFND |  | 43400 | 0 | 0 |
| ALPHABET INC. | CAP STK CL A | 02079K305 |  | 4411500 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| AMN HEALTHCARE SERVICES INC. | COM | 001744101 |  | 269388 | 2620 | SH |  | DFND |  | 2620 | 0 | 0 |
| AMN HEALTHCARE SERVICES INC. | COM | 001744101 |  | 4215620 | 41000 | SH |  | DFND | 1 | 41000 | 0 | 0 |
| ASBURY AUTOMOTIVE GROUP INC. | COM | 043436104 |  | 243780 | 1360 | SH |  | DFND |  | 1360 | 0 | 0 |
| ASBURY AUTOMOTIVE GROUP INC. | COM | 043436104 |  | 5287875 | 29500 | SH |  | DFND | 1 | 29500 | 0 | 0 |
| ATKORE INTERNATIONAL GROUP INC. | COM | 047649108 |  | 237048 | 2090 | SH |  | DFND |  | 2090 | 0 | 0 |
| ATKORE INTERNATIONAL GROUP INC. | COM | 047649108 |  | 4139830 | 36500 | SH |  | DFND | 1 | 36500 | 0 | 0 |
| AUTOZONE INC. | COM | 053332102 |  | 2416856 | 980 | SH |  | DFND |  | 980 | 0 | 0 |
| AUTOZONE INC. | COM | 053332102 |  | 14920389 | 6050 | SH |  | DFND | 1 | 6050 | 0 | 0 |
| B2GOLD CORP. | COM | 11777Q209 |  | 981750 | 275000 | SH |  | DFND |  | 275000 | 0 | 0 |
| B2GOLD CORP. | COM | 11777Q209 |  | 4765950 | 1335000 | SH |  | DFND | 1 | 1335000 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 226200 | 29000 | SH |  | DFND |  | 29000 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 4797000 | 615000 | SH |  | DFND | 1 | 615000 | 0 | 0 |
| BARRICK GOLD CORP. | COM | 067901108 |  | 359062 | 20900 | SH |  | DFND |  | 20900 | 0 | 0 |
| BERKSHIRE HATHAWAY INC. | CL B NEW | 084670702 |  | 1887379 | 6110 | SH |  | DFND |  | 6110 | 0 | 0 |
| BEST BUY CO INC. | COM | 086516101 |  | 184483 | 2300 | SH |  | DFND |  | 2300 | 0 | 0 |
| BHP GROUP LIMITED | SPONSORED ADS | 088606108 |  | 210970 | 3400 | SH |  | DFND |  | 3400 | 0 | 0 |
| BHP GROUP LIMITED | SPONSORED ADS | 088606108 |  | 4591700 | 74000 | SH |  | DFND | 1 | 74000 | 0 | 0 |
| BLACKROCK INC. | COM | 09247X101 |  | 283452 | 400 | SH |  | DFND |  | 400 | 0 | 0 |
| BLACKROCK INC. | COM | 09247X101 |  | 3330561 | 4700 | SH |  | DFND | 1 | 4700 | 0 | 0 |
| BLUELINX HOLDINGS INC. | COM NEW | 09624H208 |  | 542569 | 7630 | SH |  | DFND |  | 7630 | 0 | 0 |
| BLUELINX HOLDINGS INC. | COM NEW | 09624H208 |  | 4501263 | 63300 | SH |  | DFND | 1 | 63300 | 0 | 0 |
| BRITISH AMERICAN TOBACCO PLC | SPONSORED ADR | 110448107 |  | 11994000 | 300000 | SH |  | DFND | 1 | 300000 | 0 | 0 |
| CELANESE CORP. | COM | 150870103 |  | 153360 | 1500 | SH |  | DFND |  | 1500 | 0 | 0 |
| CELANESE CORP. | COM | 150870103 |  | 2300400 | 22500 | SH |  | DFND | 1 | 22500 | 0 | 0 |
| CITIGROUP INC. | COM NEW | 172967424 |  | 90460 | 2000 | SH |  | DFND |  | 2000 | 0 | 0 |
| CREDIT ACCEPTANCE CORP. | COM | 225310101 |  | 1162280 | 2450 | SH |  | DFND |  | 2450 | 0 | 0 |
| CREDIT ACCEPTANCE CORP. | COM | 225310101 |  | 10911200 | 23000 | SH |  | DFND | 1 | 23000 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 563500 | 14000 | SH |  | DFND |  | 14000 | 0 | 0 |
| DISCOVER FINANCIAL SERVICES | COM | 254709108 |  | 225009 | 2300 | SH |  | DFND |  | 2300 | 0 | 0 |
| DISCOVER FINANCIAL SERVICES | COM | 254709108 |  | 4891500 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| DOLLAR GENERAL CORP. | COM | 256677105 |  | 5072750 | 20600 | SH |  | DFND | 1 | 20600 | 0 | 0 |
| ELEVANCE HEALTH INC. | COM | 036752103 |  | 610434 | 1190 | SH |  | DFND |  | 1190 | 0 | 0 |
| ELEVANCE HEALTH INC. | COM | 036752103 |  | 4924512 | 9600 | SH |  | DFND | 1 | 9600 | 0 | 0 |
| ENCORE WIRE CORP. | COM | 292562105 |  | 508972 | 3700 | SH |  | DFND |  | 3700 | 0 | 0 |
| ENCORE WIRE CORP. | COM | 292562105 |  | 4223092 | 30700 | SH |  | DFND | 1 | 30700 | 0 | 0 |
| ENOVA INTERNATIONAL INC. | COM | 29357K103 |  | 475788 | 12400 | SH |  | DFND |  | 12400 | 0 | 0 |
| ENOVA INTERNATIONAL INC. | COM | 29357K103 |  | 3683520 | 96000 | SH |  | DFND | 1 | 96000 | 0 | 0 |
| ENTERPRISE PRODUCTS PARTNERS LP | COM | 293792107 |  | 964800 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| ESSENT GROUP LTD. | COM | G3198U102 |  | 1341360 | 34500 | SH |  | DFND |  | 34500 | 0 | 0 |
| ESSENT GROUP LTD. | COM | G3198U102 |  | 7776000 | 200000 | SH |  | DFND | 1 | 200000 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 883080 | 6000 | SH |  | DFND |  | 6000 | 0 | 0 |
| F ANNUITIES  LIFE INC. | COMMON STOCK | 30190A104 |  | 74837 | 3740 | SH |  | DFND | 1 | 3740 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL INC. | FNF GROUP COM | 31620R303 |  | 2069100 | 55000 | SH |  | DFND | 1 | 55000 | 0 | 0 |
| FRANCO-NEVADA CORP. | COM | 351858105 |  | 352118 | 2580 | SH |  | DFND |  | 2580 | 0 | 0 |
| GLOBAL SELF STORAGE INC | COM | 37955N106 |  | 659293 | 135101 | SH |  | DFND |  | 135101 | 0 | 0 |
| GLOBAL SELF STORAGE INC | COM | 37955N106 |  | 24825 | 5087 | SH |  | SOLE |  | 5087 | 0 | 0 |
| GLOBAL SELF STORAGE INC. | COM | 37955N106 |  | 472262 | 96775 | SH |  | DFND |  | 96775 | 0 | 0 |
| GLOBAL SELF STORAGE INC. | COM | 37955N106 |  | 989191 | 202703 | SH |  | DFND |  | 202703 | 0 | 0 |
| HAVERTY FURNITURE COS INC. | COM | 419596101 |  | 337870 | 11300 | SH |  | DFND |  | 11300 | 0 | 0 |
| HIGH INCOME SECURITIES FUND | SHS BEN INT | 42968F108 |  | 42120 | 6480 | SH |  | DFND | 1 | 6480 | 0 | 0 |
| HOME DEPOT INC./THE | COM | 437076102 |  | 758064 | 2400 | SH |  | DFND |  | 2400 | 0 | 0 |
| HOME DEPOT INC./THE | COM | 437076102 |  | 4737900 | 15000 | SH |  | DFND | 1 | 15000 | 0 | 0 |
| ISHARES SILVER TRUST | ISHARES | 46428Q109 |  | 506460 | 23000 | SH |  | DFND |  | 23000 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 911880 | 6800 | SH |  | DFND |  | 6800 | 0 | 0 |
| KFORCE INC. | COM | 493732101 |  | 252218 | 4600 | SH |  | DFND |  | 4600 | 0 | 0 |
| KFORCE INC. | COM | 493732101 |  | 2741500 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| LAM RESEARCH CORP. | COM | 512807108 |  | 504360 | 1200 | SH |  | DFND |  | 1200 | 0 | 0 |
| LAM RESEARCH CORP. | COM | 512807108 |  | 4076910 | 9700 | SH |  | DFND | 1 | 9700 | 0 | 0 |
| LCI INDUSTRIES | COM | 50189K103 |  | 432666 | 4680 | SH |  | DFND |  | 4680 | 0 | 0 |
| LCI INDUSTRIES | COM | 50189K103 |  | 3029032 | 32764 | SH |  | DFND | 1 | 32764 | 0 | 0 |
| LIFE STORAGE INC | COM | 53223X107 |  | 443250 | 4500 | SH |  | DFND |  | 4500 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV | SHS - A - | N53745100 |  | 2906050 | 35000 | SH |  | DFND | 1 | 35000 | 0 | 0 |
| MASTERCARD INC. | CL A | 57636Q104 |  | 3477300 | 10000 | SH |  | DFND |  | 10000 | 0 | 0 |
| MEDIFAST INC. | COM | 58470H101 |  | 478703 | 4150 | SH |  | DFND |  | 4150 | 0 | 0 |
| MEDIFAST INC. | COM | 58470H101 |  | 4037250 | 35000 | SH |  | DFND | 1 | 35000 | 0 | 0 |
| META PLATFORMS INC. | CL A | 30303M102 |  | 138391 | 1150 | SH |  | DFND |  | 1150 | 0 | 0 |
| MEXICO EQUITY  INCOME FD | COM | 592834105 |  | 52680 | 6000 | SH |  | DFND | 1 | 6000 | 0 | 0 |
| MOLINA HEALTHCARE INC. | COM | 60855R100 |  | 5646762 | 17100 | SH |  | DFND | 1 | 17100 | 0 | 0 |
| NEW AMER HIGH INCOME FD INC | COM NEW | 641876800 |  | 1980 | 300 | SH |  | DFND | 1 | 300 | 0 | 0 |
| NEWMONT GOLDCORP CORP. | COM | 651639106 |  | 450760 | 9550 | SH |  | DFND |  | 9550 | 0 | 0 |
| NEWMONT GOLDCORP CORP. | COM | 651639106 |  | 2242000 | 47500 | SH |  | DFND | 1 | 47500 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC. | COMMON STOCK | 65336K103 |  | 455078 | 2600 | SH |  | DFND |  | 2600 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC. | COMMON STOCK | 65336K103 |  | 4375750 | 25000 | SH |  | DFND | 1 | 25000 | 0 | 0 |
| NMI HOLDINGS INC. | CL A | 629209305 |  | 413402 | 19780 | SH |  | DFND |  | 19780 | 0 | 0 |
| NMI HOLDINGS INC. | CL A | 629209305 |  | 4284500 | 205000 | SH |  | DFND | 1 | 205000 | 0 | 0 |
| OLIN CORP. | COM PAR $1 | 680665205 |  | 388050 | 7330 | SH |  | DFND |  | 7330 | 0 | 0 |
| OLIN CORP. | COM PAR $1 | 680665205 |  | 2170540 | 41000 | SH |  | DFND | 1 | 41000 | 0 | 0 |
| POOL CORP. | COM | 73278L105 |  | 2086077 | 6900 | SH |  | DFND | 1 | 6900 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 |  | 476323 | 1700 | SH |  | DFND |  | 1700 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 5233200 | 73500 | SH |  | DFND | 1 | 73500 | 0 | 0 |
| ROBERT HALF INTERNATIONAL INC. | COM | 770323103 |  | 856428 | 11600 | SH |  | DFND |  | 11600 | 0 | 0 |
| ROBERT HALF INTERNATIONAL INC. | COM | 770323103 |  | 4798950 | 65000 | SH |  | DFND | 1 | 65000 | 0 | 0 |
| ROYAL GOLD INC. | COM | 780287108 |  | 597416 | 5300 | SH |  | DFND |  | 5300 | 0 | 0 |
| SABA CAPITAL INCOME  OPRNT | SHS NEW | 78518H202 |  | 27396 | 3600 | SH |  | DFND | 1 | 3600 | 0 | 0 |
| SANDSTORM GOLD LTD. | COM NEW | 80013R206 |  | 142020 | 27000 | SH |  | DFND |  | 27000 | 0 | 0 |
| SKYWORKS SOLUTIONS INC. | COM | 83088M102 |  | 4100850 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| SPDR GOLD SHARES ETF | GOLD SHS | 78463V107 |  | 763380 | 4500 | SH |  | DFND |  | 4500 | 0 | 0 |
| SPECIAL OPPORTUNITIES FD INC | 2.75% CNV PFD C A | 84741T401 |  | 4488 | 200 | SH |  | DFND | 1 | 200 | 0 | 0 |
| SPECIAL OPPORTUNITIES FD INC | COM | 84741T104 |  | 22800 | 2000 | SH |  | DFND | 1 | 2000 | 0 | 0 |
| SSR MINING INC. | COM | 784730103 |  | 1253600 | 80000 | SH |  | DFND |  | 80000 | 0 | 0 |
| STEEL DYNAMICS INC. | COM | 858119100 |  | 771830 | 7900 | SH |  | DFND |  | 7900 | 0 | 0 |
| STEEL DYNAMICS INC. | COM | 858119100 |  | 15632000 | 160000 | SH |  | DFND | 1 | 160000 | 0 | 0 |
| SWISS HELVETIA FUND INC | COM | 870875101 |  | 24721 | 3270 | SH |  | DFND | 1 | 3270 | 0 | 0 |
| T. ROWE PRICE GROUP INC. | COM | 74144T108 |  | 754695 | 6920 | SH |  | DFND |  | 6920 | 0 | 0 |
| T. ROWE PRICE GROUP INC. | COM | 74144T108 |  | 6063736 | 55600 | SH |  | DFND | 1 | 55600 | 0 | 0 |
| THOR INDUSTRIES INC. | COM | 885160101 |  | 3019600 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| TRACTOR SUPPLY CO. | COM | 892356106 |  | 404946 | 1800 | SH |  | DFND |  | 1800 | 0 | 0 |
| TRACTOR SUPPLY CO. | COM | 892356106 |  | 9561225 | 42500 | SH |  | DFND | 1 | 42500 | 0 | 0 |
| U-HAUL HOLDINGS CO. | COM | 023586100 |  | 128205 | 2130 | SH |  | DFND |  | 2130 | 0 | 0 |
| U-HAUL HOLDINGS CO. | COM SER N | 023586506 |  | 1053967 | 19170 | SH |  | DFND |  | 19170 | 0 | 0 |
| U-HAUL HOLDINGS CO. | COM | 023586100 |  | 830622 | 13800 | SH |  | DFND | 1 | 13800 | 0 | 0 |
| U-HAUL HOLDINGS CO. | COM SER N | 023586506 |  | 6828516 | 124200 | SH |  | DFND | 1 | 124200 | 0 | 0 |
| UNITEDHEALTH GROUP INC. | COM | 91324P102 |  | 1577286 | 2975 | SH |  | DFND |  | 2975 | 0 | 0 |
| UNITEDHEALTH GROUP INC. | COM | 91324P102 |  | 7157430 | 13500 | SH |  | DFND | 1 | 13500 | 0 | 0 |
| WESTLAKE CORP. | COM | 960413102 |  | 7177800 | 70000 | SH |  | DFND | 1 | 70000 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP. | COM | 962879102 |  | 234480 | 6000 | SH |  | DFND |  | 6000 | 0 | 0 |
| WILLIAMS-SONOMA INC. | COM | 969904101 |  | 861900 | 7500 | SH |  | DFND |  | 7500 | 0 | 0 |
| WILLIAMS-SONOMA INC. | COM | 969904101 |  | 5516160 | 48000 | SH |  | DFND | 1 | 48000 | 0 | 0 |
| WOODSIDE ENERGY GROUP LTD. | SPONSORED ADR | 980228308 |  | 29730 | 1228 | SH |  | DFND |  | 1228 | 0 | 0 |
| WOODSIDE ENERGY GROUP LTD. | SPONSORED ADR | 980228308 |  | 647448 | 26743 | SH |  | DFND | 1 | 26743 | 0 | 0 |

---