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
ABBVIE INC COM 00287Y109   879,984 4,200 SH   SOLE   4,200 0 0
ALPHABET INC CAP STK CL A 02079K305   2,319,600 15,000 SH   SOLE   15,000 0 0
AMAZON COM INC COM 023135106   7,610,400 40,000 SH   SOLE   40,000 0 0
AMERICAS CAR-MART INC COM 03062T105   1,415,079 31,176 SH   SOLE   31,176 0 0
BANNER CORP COM NEW 06652V208   1,818,848 28,522 SH   SOLE   28,522 0 0
BROOKFIELD INFRASTRUCTURE CO COM SUB VTG A 11276H106   727,419 20,100 SH   SOLE   20,100 0 0
CADENCE BANK COM 12740C103   2,014,447 66,352 SH   SOLE   66,352 0 0
CISCO SYS INC COM 17275R102   896,708 14,531 SH   SOLE   14,531 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105   1,730,043 102,188 SH   SOLE   102,188 0 0
CROWN CASTLE INC COM 22822V101   646,226 6,200 SH   SOLE   6,200 0 0
DIGITAL RLTY TR INC COM 253868103   3,224,025 22,500 SH   SOLE   22,500 0 0
ECOVYST INC COM 27923Q109   2,429,780 391,900 SH   SOLE   391,900 0 0
ENBRIDGE INC COM 29250N105   700,098 15,800 SH   SOLE   15,800 0 0
EVOLENT HEALTH INC CL A 30050B101   1,607,533 169,750 SH   SOLE   169,750 0 0
FIRST HORIZON CORPORATION COM 320517105   543,760 28,000 SH   SOLE   28,000 0 0
FRANCO NEV CORP COM 351858105   12,841,140 81,500 SH   SOLE   81,500 0 0
HANCOCK WHITNEY CORPORATION COM 410120109   2,609,440 49,751 SH   SOLE   49,751 0 0
HEALTH CATALYST INC COM 42225T107   167,610 37,000 SH   SOLE   37,000 0 0
HEALTHEQUITY INC COM 42226A107   3,011,296 34,076 SH   SOLE   34,076 0 0
HUNTSMAN CORP COM 447011107   2,763,250 175,000 SH   SOLE   175,000 0 0
MARTEN TRANS LTD COM 573075108   1,920,800 140,000 SH   SOLE   140,000 0 0
MICROSOFT CORP COM 594918104   3,003,120 8,000 SH   SOLE   8,000 0 0
NEWMONT CORP COM 651639106   9,450,810 195,750 SH   SOLE   195,750 0 0
ORIGIN BANCORP INC COM 68621T102   1,837,510 53,000 SH   SOLE   53,000 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104   2,918,751 27,525 SH   SOLE   27,525 0 0
RICHARDSON ELECTRS LTD COM 763165107   416,569 37,327 SH   SOLE   37,327 0 0
SANDY SPRING BANCORP INC COM 800363103   1,818,511 65,063 SH   SOLE   65,063 0 0
SOUTHSTATE CORPORATION COM 840441109   2,320,500 25,000 SH   SOLE   25,000 0 0
SPROTT PHYSICAL GOLD TR UNIT 85207H104   34,850,910 1,448,500 SH   SOLE   1,448,500 0 0
ST JOE CO COM 790148100   3,709,050 79,000 SH   SOLE   79,000 0 0
TREEHOUSE FOODS INC COM 89469A104   1,706,670 63,000 SH   SOLE   63,000 0 0
TRUBRIDGE INC COM 205306103   1,408,556 51,183 SH   SOLE   51,183 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   12,848,615 279,500 SH   SOLE   279,500 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611   1,285,401 6,900 SH   SOLE   6,900 0 0
VANGUARD WHITEHALL FDS INTL HIGH ETF 921946794   1,414,848 19,200 SH   SOLE   19,200 0 0
WASTE MGMT INC DEL COM 94106L109   400,512 1,730 SH   SOLE   1,730 0 0
WESTROCK COFFEE CO COM 96145W103   505,400 70,000 SH   SOLE   70,000 0 0
ZIMVIE INC COM 98888T107   1,866,337 172,809 SH   SOLE   172,809 0 0