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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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APOLLO GLOBAL MGMT INC COM 03769M106   24,542,233 172,991 SH   SOLE   172,991 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101   14,584,306 84,205 SH   SOLE   84,205 0 0
BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT G16258108   1,648,482 64,621 SH   SOLE   64,621 0 0
CIPHER MINING INC COM 17253J106   846,060 177,000 SH   SOLE   177,000 0 0
CORE SCIENTIFIC INC NEW CL A 21874A106   29,418,814 1,723,422 SH   SOLE   1,723,422 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   5,040,122 277,999 SH   SOLE   277,999 0 0
FTAI AVIATION LTD SHS G3730V105   5,464,615 885,675 SH   SOLE   885,675 0 0
GREAT ELM CAP CORP COM NEW 390320703   8,515,693 798,471 SH   SOLE   798,471 0 0
GREAT ELM GROUP INC COM NEW 39037G109   8,783,782 4,243,168 SH   SOLE   4,243,168 0 0
HOWARD HUGHES HOLDINGS INC COM 44267T102   17,641,463 261,355 SH   SOLE   261,355 0 0
HUT 8 CORP COM 44812J104   18,076,447 971,852 SH   SOLE   971,852 0 0
IAC INC COM NEW 44891N208   21,224,392 568,409 SH   SOLE   568,409 0 0
MADISON SQUARE GARDEN ENTMT COM CL A 558256103   15,849,824 396,543 SH   SOLE   396,543 0 0
MAPLEBEAR INC COM 565394103   21,625,715 478,022 SH   SOLE   478,022 0 0
MGM RESORTS INTERNATIONAL COM 552953101   4,921,450 143,107 SH   SOLE   143,107 0 0
MPLX LP COM UNIT REP LTD 55336V100   2,638,960 51,232 SH   SOLE   51,232 0 0
NEWS CORP NEW CL A 65249B109   30,819,937 1,037,010 SH   SOLE   1,037,010 0 0
NEWS CORP NEW CL B 65249B208   4,304,498 125,459 SH   SOLE   125,459 0 0
PINTEREST INC CL A 72352L106   6,314,803 176,096 SH   SOLE   176,096 0 0
POTBELLY CORP COM 73754Y100   589,801 48,147 SH   SOLE   48,147 0 0
RITHM CAPITAL CORP COM NEW 64828T201   14,343,900 1,270,496 SH   SOLE   1,270,496 0 0
TKO GROUP HOLDINGS INC CL A 87256C101   16,082,379 88,389 SH   SOLE   88,389 0 0
TRANSUNION COM 89400J107   14,158,408 160,891 SH   SOLE   160,891 0 0
TURNING PT BRANDS INC COM 90041L105   4,614,014 60,895 SH   SOLE   60,895 0 0