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        <name>LSF11 A5 HOLDCO LLC</name>
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        <name>CHAMPIONX CORPORATION</name>
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        <name>UNITED STATES STEEL CORPORATION</name>
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      <invstOrSec>
        <name>V.F. CORPORATION</name>
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          <isin value="US9182041080"/>
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        <balance>14077.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL PAPER COMPANY</name>
        <lei>824LMFJDH41EY779Q875</lei>
        <title>INTERNATIONAL PAPER CO COMMON STOCK</title>
        <cusip>460146103</cusip>
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          <isin value="US4601461035"/>
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        <balance>-46026.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DUN &amp; BRADSTREET HOLDINGS, INC.</name>
        <lei>254900LNALVKD1ZX7U27</lei>
        <title>DUN &amp; BRADSTREET HOLDINGS IN COMMON STOCK</title>
        <cusip>26484T106</cusip>
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          <isin value="US26484T1060"/>
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        <balance>62196.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>774962.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CANADA GOOSE HOLDINGS INC.</name>
        <lei>529900891XBE6RV8JR07</lei>
        <title>CANADA GOOSE HOLDINGS INC COMMON STOCK</title>
        <cusip>135086106</cusip>
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          <isin value="CA1350861060"/>
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        <balance>37450.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>375623.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PLAYAGS, INC.</name>
        <lei>N/A</lei>
        <title>PLAYAGS INC COMMON STOCK</title>
        <cusip>72814N104</cusip>
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          <isin value="US72814N1046"/>
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        <balance>81443.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REVELYST INC</name>
        <lei>N/A</lei>
        <title>REVELYST INC COMMON STOCK</title>
        <cusip>690045109</cusip>
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          <isin value="US6900451096"/>
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        <balance>60479.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLDMAN, SACHS &amp; CO.</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2025-01-09</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00031091"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>13360.53000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JACOBS SOLUTIONS INC.</name>
        <lei>N/A</lei>
        <title>JACOBS SOLUTIONS INC COMMON STOCK</title>
        <cusip>46982L108</cusip>
        <identifiers>
          <isin value="US46982L1089"/>
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        <balance>2833.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTHERN COPPER CORP</name>
        <lei>N/A</lei>
        <title>SOUTHERN COPPER CORP COMMON STOCK</title>
        <cusip>84265V105</cusip>
        <identifiers>
          <isin value="US84265V1052"/>
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        <balance>1.61060000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146.77000000</valUSD>
        <pctVal>0.000186056491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SecureWorks Corp</name>
        <lei>N/A</lei>
        <title>SECUREWORKS CORP - A COMMON STOCK</title>
        <cusip>81374A105</cusip>
        <identifiers>
          <isin value="US81374A1051"/>
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        <balance>254010.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2148924.60000000</valUSD>
        <pctVal>2.724135534226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>WK KELLOGG CO</name>
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        <title>WK KELLOGG CO COMMON STOCK</title>
        <cusip>92942W107</cusip>
        <identifiers>
          <isin value="US92942W1071"/>
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        <balance>-30850.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-554991.50000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bausch + Lomb Corporation</name>
        <lei>549300NY6OZM39SO6475</lei>
        <title>BAUSCH + LOMB CORP COMMON STOCK</title>
        <cusip>071705107</cusip>
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          <isin value="CA0717051076"/>
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        <balance>20258.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>365859.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARGO AIRCRAFT MANAGEMENT, INC</name>
        <lei>549300GH5J7LOMV44F11</lei>
        <title>CARGO AIRCRAFT MANAGEMENT INC 144A 4.750000% 02/01/2028</title>
        <cusip>14180LAA4</cusip>
        <identifiers>
          <isin value="US14180LAA44"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1290640.96000000</valUSD>
        <pctVal>1.636111802649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SMARTSHEET INC.</name>
        <lei>549300N9WF42OK9VL589</lei>
        <title>SMARTSHEET INC-CLASS A COMMON STOCK</title>
        <cusip>83200N103</cusip>
        <identifiers>
          <isin value="US83200N1037"/>
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        <curCd>USD</curCd>
        <valUSD>4302263.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>RECKITT BENCKISER GROUP PLC</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>RECKITT BENCKISER GROUP PLC COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="GB00B24CGK77"/>
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        <balance>6227.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Global X Copper Miners ETF</name>
        <lei>N/A</lei>
        <title>GLOBAL X COPPER MINERS ETF MUTUAL FUND</title>
        <cusip>37954Y830</cusip>
        <identifiers>
          <isin value="US37954Y8306"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FRONTIER COMMUNICATIONS PARENT, INC.</name>
        <lei>N/A</lei>
        <title>FRONTIER COMMUNICATIONS PARE COMMON STOCK</title>
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          <isin value="US35909D1090"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN, SACHS &amp; CO.</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-30</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00032093"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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        <name>MONTROSE ENVIRONMENTAL GROUP, INC.</name>
        <lei>254900ASI8K3LUB8Q958</lei>
        <title>MONTROSE ENVIRONMENTAL GROUP COMMON STOCK</title>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PATTERSON COMPANIES, INC.</name>
        <lei>YM48Q2087CUE26GWEK09</lei>
        <title>PATTERSON COS INC COMMON STOCK</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AIR TRANSPORT SERVICES GROUP, INC.</name>
        <lei>5493000F3MSFGIXTQE27</lei>
        <title>ATSG US 03/21/25 C22.5 SHORT</title>
        <cusip>4YG992YH9</cusip>
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          <ticker value="ATSG US 03/21/25 C22.5 Equity"/>
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        <balance>-144.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3600.00000000</valUSD>
        <pctVal>-0.00456362588</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>BTIG</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>AIR TRANSPORT SERVICES GROUP, INC.</issuerName>
                <issueTitle>ATSG Call 22.5 Mar 2025</issueTitle>
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        <name>CI Financial Corp.</name>
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        <name>BARNES GROUP INC.</name>
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        <name>GOLDMAN, SACHS &amp; CO.</name>
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        <name>FRONTLINE PLC</name>
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        <name>Ressources Teck Limitee</name>
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        <title>TECK RESOURCES LTD-CLS B COMMON STOCK</title>
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        <name>DS SMITH PLC</name>
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        <name>HOULIHAN LOKEY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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                <issuerName>FEDEX CORPORATION</issuerName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="All Others" value="003CVR016"/>
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        <name>MCGRATH RENTCORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Brookfield Renewable Partners L.P.</name>
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          <isin value="BMG162581083"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Zuora Inc</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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          <other otherDesc="All Others" value="HRG121025"/>
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        <name>PACTIV EVERGREEN GROUP ISSUER INC.</name>
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        <name>Matterport Inc</name>
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        <name>GOLDMAN, SACHS &amp; CO.</name>
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        <name>Lazard, Inc.</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>AMINO INC SERIES C</name>
        <lei>N/A</lei>
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        <name>EVERI HOLDINGS INC.</name>
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        <name>iShares Russell 2000 ETF</name>
        <lei>N/A</lei>
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        <name>ONEOK, INC.</name>
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        <name>Schlumberger N.V.</name>
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        <name>PJT PARTNERS INC.</name>
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        <name>SOUTHERN COPPER CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>E2OPEN PARENT HOLDINGS, INC.</name>
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        <name>NOMURA SECURITIES INTERNATIONAL INC</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="N/A" name="N/A"/>
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            <repurchaseCollateral>
              <principalAmt>275342</principalAmt>
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              <collateralVal>275342</collateralVal>
              <collateralCd>USD</collateralCd>
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        <securityLending>
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      <invstOrSec>
        <name>DAIWA CAPITAL MARKETS AMERICA INC</name>
        <lei>N/A</lei>
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        <identifiers>
          <ticker value="DAIW"/>
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        <valUSD>275342</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="N/A" name="N/A"/>
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      <invstOrSec>
        <name>BOFA SECURITIES INC</name>
        <lei>N/A</lei>
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          <ticker value="BOAS"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="N/A" name="N/A"/>
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          <isTriParty>Y</isTriParty>
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            <repurchaseCollateral>
              <principalAmt>275342</principalAmt>
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              <collateralVal>275342</collateralVal>
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              <invstCat>UST</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
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      <invstOrSec>
        <name>N-ABLE, INC.</name>
        <lei>N/A</lei>
        <title>N-ABLE INC COMMON STOCK</title>
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          <isin value="US62878D1000"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TALOS ENERGY INC.</name>
        <lei>549300OKFHZ84SFJFT95</lei>
        <title>TALOS ENERGY INC COMMON STOCK</title>
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          <isin value="US87484T1088"/>
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        <curCd>USD</curCd>
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        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED STATES STEEL CORPORATION</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
        <title>X US 01/17/25 P31 SHORT</title>
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        <identifiers>
          <ticker value="X US 01/17/25 P31 Equity"/>
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        <units>NC</units>
        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>SG COWEN</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>UNITED STATES STEEL CORPORATION</issuerName>
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            <shareNo>-16800.00000000</shareNo>
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        <securityLending>
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      <invstOrSec>
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        <lei>KD3XUN7C6T14HNAYLU02</lei>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00030155"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>TXNM Energy, Inc.</name>
        <lei>5493003JOBJGLZSDDQ28</lei>
        <title>TXNM ENERGY INC COMMON STOCK</title>
        <cusip>69349H107</cusip>
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      <invstOrSec>
        <name>ALTAIR ENGINEERING INC.</name>
        <lei>549300FJ89HZ6GU9S994</lei>
        <title>ALTAIR ENGINEERING INC 1.750000% 06/15/2027</title>
        <cusip>021369AC7</cusip>
        <identifiers>
          <isin value="US021369AC72"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GOLDMAN, SACHS &amp; CO.</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>FX Forward Contract: USD/GBP SETTLE 2025-01-15</title>
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        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00032349"/>
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        <name>CARESTREAM HEALTH, INC.</name>
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        <name>INDIE SEMICONDUCTOR, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>UNITED STATES STEEL CORPORATION</name>
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      <invstOrSec>
        <name>ENSTAR GROUP LIMITED</name>
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        <name>THE GOODYEAR TIRE &amp; RUBBER COMPANY</name>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GREEN PLAINS INC.</name>
        <lei>VJ5WLTHARBSDR14KIZ98</lei>
        <title>GREEN PLAINS INC COMMON STOCK</title>
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          <isin value="US3932221043"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FEDEX CORPORATION</name>
        <lei>549300E707U7WNPZN687</lei>
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        <curCd>USD</curCd>
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        <name>PIPER SANDLER</name>
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        <title>VZIO US 01/17/25 P10 SHORT</title>
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          <ticker value="VZIO US 01/17/25 P10 Equity"/>
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        <balance>-5.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>N/A</issuerName>
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            <shareNo>-500.00000000</shareNo>
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      <invstOrSec>
        <name>GOLDMAN, SACHS &amp; CO.</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-30</title>
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>GOLDMAN, SACHS &amp; CO.</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2025-05-30</title>
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          <other otherDesc="FX Forwards" value="CCTUSD__00033444"/>
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        <balance>1.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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      <invstOrSec>
        <name>Gogo Intermediate Holdings LLC</name>
        <lei>N/A</lei>
        <title>Gogo Intermediate Holdings LLC 4/30/2028</title>
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          <other otherDesc="All Others" value="LX194240"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>LON</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>HEROUX-DEVTEK INC.</name>
        <lei>549300ZEMF0P4EU7CI78</lei>
        <title>HEROUX-DEVTEK INC COMMON STOCK</title>
        <cusip>42774L109</cusip>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BURBERRY GROUP PLC</name>
        <lei>213800PE1KEFCNFR1R50</lei>
        <title>BURBERRY GROUP PLC COMMON STOCK</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MYR GROUP INC.</name>
        <lei>529900G1IMMZHOQ17I54</lei>
        <title>MYR GROUP INC/DELAWARE COMMON STOCK</title>
        <cusip>55405W104</cusip>
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        <name>HashiCorp Inc</name>
        <lei>549300XGOB9ZFQHMIP56</lei>
        <title>HASHICORP INC-CL A COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AIR TRANSPORT SERVICES GROUP, INC.</name>
        <lei>5493000F3MSFGIXTQE27</lei>
        <title>AIR TRANSPORT SERVICES GROUP COMMON STOCK</title>
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        <name>UNITED STATES STEEL CORPORATION</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
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                <issuerName>UNITED STATES STEEL CORPORATION</issuerName>
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        <name>RETAIL OPPORTUNITY INVESTMENTS CORP.</name>
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        <title>RETAIL OPPORTUNITY INVESTMEN REIT</title>
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      <invstOrSec>
        <name>ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC</name>
        <lei>549300ITBBGKJ651R879</lei>
        <title>ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC 144A 4.125000% 06/15/2028</title>
        <cusip>04916WAA2</cusip>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1701845.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PERELLA WEINBERG PARTNERS</name>
        <lei>N/A</lei>
        <title>PERELLA WEINBERG PARTNERS COMMON STOCK</title>
        <cusip>71367G102</cusip>
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          <isin value="US71367G1022"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Covestro AG</name>
        <lei>3912005AWHKLQ1CPLV11</lei>
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          <isin value="DE000A40KY26"/>
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        <balance>23002.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.96572000"/>
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        <pctVal>1.751257065612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED STATES STEEL CORPORATION</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
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        <identifiers>
          <ticker value="X US 01/17/25 C47 Equity"/>
        </identifiers>
        <balance>-92.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-10672.00000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>X US 01/17/25 C47</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>UNITED STATES STEEL CORPORATION</issuerName>
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                  <cusip value="912909108"/>
                  <ticker value="X-01/2025-C-47"/>
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            </descRefInstrmnt>
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            <expDt>2025-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>42315.40000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gatos Silver Inc</name>
        <lei>N/A</lei>
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        <cusip>368036109</cusip>
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          <isin value="US3680361090"/>
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        <balance>19949.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278887.02000000</valUSD>
        <pctVal>0.353537784069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>SMARTSHEET INC.</name>
        <lei>549300N9WF42OK9VL589</lei>
        <title>SMAR US 01/16/26 C60 SHORT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SMAR US 01/16/26 C60 Equity"/>
        </identifiers>
        <balance>-14.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-70.00000000</valUSD>
        <pctVal>-0.00008873716</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NOMURA</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SMARTSHEET INC.</issuerName>
                <issueTitle>SMAR Call 60 Jan 2026</issueTitle>
                <identifiers>
                  <cusip value="83200N103"/>
                  <ticker value="SMAR-01/2026-C-60"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-1400.00000000</shareNo>
            <exercisePrice>60.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2026-01-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>127.50000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN, SACHS &amp; CO.</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>FX Forward Contract: USD/EUR SETTLE 2025-06-30</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00032067"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>9693.90000000</valUSD>
        <pctVal>0.012288703593</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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            <amtCurSold>158551.16000000</amtCurSold>
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            <amtCurPur>175323.34000000</amtCurPur>
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            <settlementDt>2025-06-30</settlementDt>
            <unrealizedAppr>9693.90000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARINEMAX, INC.</name>
        <lei>254900TIXTN8WY3FNN63</lei>
        <title>MARINEMAX INC COMMON STOCK</title>
        <cusip>567908108</cusip>
        <identifiers>
          <isin value="US5679081084"/>
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        <balance>11955.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>346097.25000000</valUSD>
        <pctVal>0.438738435505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>APPLE INC.</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC COMMON STOCK</title>
        <cusip>037833100</cusip>
        <identifiers>
          <isin value="US0378331005"/>
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        <balance>-1100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-275462.00000000</valUSD>
        <pctVal>-0.34919597575</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMENTUM HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>AMENTUM HOLDINGS INC COMMON STOCK</title>
        <cusip>023939101</cusip>
        <identifiers>
          <isin value="US0239391016"/>
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        <balance>17995.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>378434.85000000</valUSD>
        <pctVal>0.479731965595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLDMAN, SACHS &amp; CO.</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>FX Forward Contract: USD/CAD SETTLE 2025-01-09</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00031178"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>42251.42000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NOVARTIS AG - CVR 1 SHARE OF 66987VCVR AND 40 USD PER KDNY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="6698CVRRT"/>
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        <balance>7303.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2848.17000000</valUSD>
        <pctVal>0.003610550646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FEDEX CORPORATION</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FDX US 01/17/25 P240 LONG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FDX US 01/17/25 P240 Equity"/>
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        <balance>10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>200.00000000</valUSD>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>MORGAN STANLEY &amp; CO, INC</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>FEDEX CORPORATION</issuerName>
                <issueTitle>FDX Put 240 Jan 2025</issueTitle>
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                  <ticker value="FDX-01/2025-P-240"/>
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      <invstOrSec>
        <name>CHEVRON CORPORATION</name>
        <lei>N/A</lei>
        <title>CHEVRON CORP COMMON STOCK</title>
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          <isin value="US1667641005"/>
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        <balance>-8037.00000000</balance>
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      <invstOrSec>
        <name>HARGREAVES LANSDOWN PLC</name>
        <lei>2138008ZCE93ZDSESG90</lei>
        <title>HARGREAVES LANSDOWN PLC COMMON STOCK</title>
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          <isin value="GB00B1VZ0M25"/>
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        <balance>159604.00000000</balance>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>PARATEK PHARMACEUTICALS INC CONTINGENT VALUE RIGHT - PRTK US</title>
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      <invstOrSec>
        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>BRK: GOLDMAN SACHS</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GXO LOGISTICS, INC.</name>
        <lei>5493007CNWMXN78JRN66</lei>
        <title>GXO LOGISTICS INC COMMON STOCK</title>
        <cusip>36262G101</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Solo Brands Inc</name>
        <lei>N/A</lei>
        <title>SOLO BRANDS INC - CLASS A COMMON STOCK</title>
        <cusip>83425V104</cusip>
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        <balance>146000.00000000</balance>
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        <pctVal>0.210991636615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN, SACHS &amp; CO.</name>
        <lei>KD3XUN7C6T14HNAYLU02</lei>
        <title>FX Forward Contract: USD/GBP SETTLE 2025-02-28</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00030091"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3941.57000000</valUSD>
        <pctVal>0.004996625241</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>GOLDMAN, SACHS &amp; CO.</counterpartyName>
              <counterpartyLei>KD3XUN7C6T14HNAYLU02</counterpartyLei>
            </counterparties>
            <amtCurSold>82928.58000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>107739.65000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-02-28</settlementDt>
            <unrealizedAppr>3941.57000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED STATES STEEL CORPORATION</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
        <title>X US 01/17/25 C50 LONG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="X US 01/17/25 C50 Equity"/>
        </identifiers>
        <balance>336.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>21840.00000000</valUSD>
        <pctVal>0.027685997017</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG COWEN</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>UNITED STATES STEEL CORPORATION</issuerName>
                <issueTitle>X Call 50 Jan 2025</issueTitle>
                <identifiers>
                  <cusip value="912909108"/>
                  <ticker value="X-01/2025-C-50"/>
                  <other otherDesc="Other" value="N/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>33600.00000000</shareNo>
            <exercisePrice>50.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-01-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-18298.52000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST MAJESTIC SILVER CORP.</name>
        <lei>529900PWCU5DUH1DYR51</lei>
        <title>FIRST MAJESTIC SILVER CORP COMMON STOCK</title>
        <cusip>32076V103</cusip>
        <identifiers>
          <isin value="CA32076V1031"/>
        </identifiers>
        <balance>-51078.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-280418.22000000</valUSD>
        <pctVal>-0.35547884627</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>DREYFUS TREASURY PRIME CASH MANAGEMENT/ CLASS A</title>
        <cusip>261908107</cusip>
        <identifiers>
          <isin value="US2619081076"/>
        </identifiers>
        <balance>4190668.87000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4190668.87000000</valUSD>
        <pctVal>5.312401366219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RBC DOMINION SECURITIES INC</name>
        <lei>N/A</lei>
        <title>RBC DOMINION SECURITIES INC. SLRPD 4.510% 01/02/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RBCD"/>
        </identifiers>
        <balance>50691</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50691</valUSD>
        <pctVal>0.064259655441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-02</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.51</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="N/A" name="N/A"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>4.51</repurchaseRt>
          <maturityDt>2025-01-02</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>50691</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>50691</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="50691" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-12-31</ncom:dateSigned>
      <ncom:nameOfApplicant>NexPoint Funds I</ncom:nameOfApplicant>
      <ncom:signature>Stephanie Vitiello</ncom:signature>
      <ncom:signerName>Stephanie Vitiello</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
