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
89BIO INC COM 282559103   50,000 735,000 SH   OTR   0 735,000 0
AERCAP HOLDINGS NV SHS N00985106   20,000 2,420,000 SH   OTR   0 2,420,000 0
AFFILIATED MANAGERS GROUP COM 008252108   700 166,901 SH   OTR   0 166,901 0
ALLY FINANCIAL INC COM 02005N100   2,750 107,800 SH   OTR   0 107,800 0
ALPHABET INC. CMN CLASS A COM 02079K305   24,310,000 100,000 SH   SOLE   100,000 0 0
AMAZON.COM INC CMN COM 023135106   59,723,040 272,000 SH   SOLE   272,000 0 0
AMERIPRISE FINANCIAL INC COM 03076C106   525 257,906 SH   OTR   0 257,906 0
ARK GENOMIC REVOLUTION CMN ETF 00214Q302   1,033,044 37,200 SH   SOLE   37,200 0 0
BANCO BILBAO VIZCAYA-SP ADR SPONSORED ADR 05946K101   43,500 837,375 SH   OTR   0 837,375 0
BARCLAYS BANK PLC - IPATH SERIES B S&P 500 VIX S-T FUT ETN CMN CLASS ETF ETF 06748M196   3,581,280 108,000 SH   SOLE   108,000 0 0
BATH & BODY WORKS INC COM 070830104   10,000 257,600 SH   OTR   0 257,600 0
BREAD FINANCIAL HOLDINGS INC COM 018581108   5,000 278,850 SH   OTR   0 278,850 0
BROADCOM INC. CMN COM 11135F101   5,938,380 18,000 SH   SOLE   18,000 0 0
CAPITAL ONE FINANCIAL CORP COM 14040H105   3,500 744,030 SH   OTR   0 744,030 0
CAPRI HOLDINGS LTD SHS G1890L107   2,000 39,840 SH   OTR   0 39,840 0
CENTENE CORP COM 15135B101   12,000 428,160 SH   OTR   0 428,160 0
CERAGON NETWORKS LTD CMN COM M22013102   84,947 36,458 SH   SOLE   36,458 0 0
COMCAST CORP-CLASS A CL A 20030N101   2,500 78,550 SH   OTR   0 78,550 0
CRH PUBLIC LIMITED COMPANY CMN COM G25508105   1,798,500 15,000 SH   SOLE   15,000 0 0
CROCS INC COM 227046109   2,200 183,810 SH   OTR   0 183,810 0
CROWDSTRIKE HOLDINGS, INC. CMN COM 22788C105   4,676,754 9,537 SH   SOLE   9,537 0 0
DELL TECHNOLOGIES INC. CMN CLASS C COM 24703L202   4,678,410 33,000 SH   SOLE   33,000 0 0
DIAMOND HILL INVESTMENT GROUP CMN COM 25264R207   2,154,474 15,388 SH   SOLE   15,388 0 0
DMC GLOBAL INC COM 23291C103   20,000 169,000 SH   OTR   0 169,000 0
ECOPETROL SA-SPONSORED ADR SPONSORED ADS 279158109   20,000 184,200 SH   OTR   0 184,200 0
ELME COMMUNITIES SH BEN INT 939653101   40,000 674,400 SH   OTR   0 674,400 0
ENERGY TRANSFER LP CMN COM 29273V100   514,800 30,000 SH   SOLE   30,000 0 0
FIRST SOLAR, INC. CMN COM 336433107   1,003,632 4,551 SH   SOLE   4,551 0 0
FORESTAR GROUP INC COM 346232101   10,000 265,900 SH   OTR   0 265,900 0
GARRETT MOTION INC COM 366505105   177,861 2,422,467 SH   OTR   0 2,422,467 0
GENERAL MOTORS CO COM 37045V100   5,000 304,850 SH   OTR   0 304,850 0
GEOPARK LTD USD SHS G38327105   10,000 63,700 SH   OTR   0 63,700 0
GITLAB INC CMN COM 37637K108   955,696 21,200 SH   SOLE   21,200 0 0
GLOBAL PAYMENTS INC COM 37940X102   3,500 290,780 SH   OTR   0 290,780 0
GREEN BRICK PARTNERS, INC. CMN COM 392709101   32,242,106 436,530 SH   SOLE   436,530 0 0
GSK PLC ADR CMN COM 37733W204   4,316,000 100,000 SH   SOLE   100,000 0 0
HOOKIPA PHARMA INC COM NEW 43906K209   347,000 320,975 SH   OTR   0 320,975 0
INVESCO QQQ TRUST ETF, SERIES 1 ETF ETF 46090E103   27,617,020 46,000 SH   SOLE   46,000 0 0
ISHARES INTERNATIONAL SMALL-CAP EQUITY FACTOR ETF ETF ETF 46434V266   2,315,831 56,312 SH   SOLE   56,312 0 0
ISHARES MSCI INTERNATIONAL VALUE FACTOR ETF CMN ETF 46435G409   2,128,800 60,000 SH   SOLE   60,000 0 0
JPMORGAN CHASE & CO CMN COM 46625H100   1,577,150 5,000 SH   SOLE   5,000 0 0
KB FINANCIAL GROUP INC-ADR SPONSORED ADR 48241A105   5,500 456,005 SH   OTR   0 456,005 0
KOREA FUND INC, (THE) MUTUAL FUND COM 500634209   4,343,091 142,000 SH   SOLE   142,000 0 0
LAUREATE EDUCATION INC-A COMMON STOCK 518613203   35,000 1,103,900 SH   OTR   0 1,103,900 0
LAVA THERAPEUTICS NV SHS N51517105   23,911 37,301 SH   OTR   0 37,301 0
LIBERTY BROADBAND-A COM SER A 530307107   800 50,664 SH   OTR   0 50,664 0
LIFEWAY FOODS INC COM 531914109   27,500 763,400 SH   OTR   0 763,400 0
LOWES COMPANIES INC CMN COM 548661107   9,750,828 38,800 SH   SOLE   38,800 0 0
LUFAX HOLDING LTD-ADR SPONSORED ADR 54975P201   339,884 137,929 SH   OTR   0 1,379,929 0
META PLATFORMS INC-CLASS A CMN CLASS A COM 30303M102   22,398,590 30,500 SH   SOLE   30,500 0 0
MICRON TECHNOLOGY, INC. CMN COM 595112103   1,673,200 10,000 SH   SOLE   10,000 0 0
MICROSOFT CORPORATION CMN COM 594918104   92,713,050 179,000 SH   SOLE   179,000 0 0
MONTE ROSA THERAPEUTICS, INC. CMN COM 61225M102   1,100,874 148,566 SH   SOLE   148,566 0 0
NET LEASE OFFICE PROPERTY COM 64110Y108   32,228 955,882 SH   OTR   0 955,882 0
NETFLIX, INC. CMN COM 64110L106   9,471,468 7,900 SH   SOLE   7,900 0 0
NOAH HOLDINGS LTD-SPON ADS SPON ADS 65487X102   11,000 127,490 SH   OTR   0 127,490 0
NVIDIA CORPORATION CMN COM 67066G104   9,142,420 49,000 SH   SOLE   49,000 0 0
ONEMAIN HOLDINGS INC COM 68268W103   4,400 248,424 SH   OTR   0 248,424 0
PERSONALIS INC CMN COM 71535D106   1,082,998 166,104 SH   SOLE   166,104 0 0
PETROLEO BRASIL-SP PREF ADR SPONSORED ADR 71654V408   60,000 709,200 SH   OTR   0 709,200 0
PRIME MEDICINE, INC. CMN COM 74168J101   1,046,506 188,900 SH   SOLE   188,900 0 0
PUT/SPY @ 525 EXP 09/18/2026 PUT 78462F103   626,100 600 SH Put SOLE   600 0 0
PUT/TSLA @ 130 EXP 12/18/2026 PUT 88160R101   510,250 1,300 SH Put SOLE   1,300 0 0
SCPHARMACEUTICALS INC COM 810648105   135,000 765,450 SH   OTR   0 765,450 0
SERITAGE GROWTH PROP- A REIT CL A 81752R100   60,000 255,000 SH   OTR   0 255,000 0
SERVICENOW INC CMN COM 81762P102   2,948,577 3,204 SH   SOLE   3,204 0 0
SLM CORP COM 78442P106   14,000 387,520 SH   OTR   0 387,520 0
SPDR S&P BIOTECH ETF ETF ETF 78464A870   1,503,000 15,000 SH   SOLE   15,000 0 0
STANDARD BIOTOOLS INC CMN COM 34385P108   1,001,850 770,654 SH   SOLE   770,654 0 0
STIFEL FINANCIAL CORP CMN COM 860630102   1,134,700 10,000 SH   SOLE   10,000 0 0
SYNCHRONY FINANCIAL COM 87165B103   18,000 1,278,900 SH   OTR   0 1,278,900 0
THE HOME DEPOT, INC. CMN COM 437076102   3,794,604 9,365 SH   SOLE   9,365 0 0
THERATECHNOLOGIES INC COM NEW 88338H704   850,655 2,883,720 SH   OTR   0 2,883,720 0
THIRD HARMONIC BIO INC COM 88427A107   250,000 7,500 SH   OTR   0 7,500 0
TURKCELL ILETISIM HIZMET-ADR SPON ADR NEW 900111204   15,000 90,300 SH   OTR   0 90,300 0
TWIST BIOSCIENCE CORPORATION CMN COM 90184D100   1,043,994 37,100 SH   SOLE   37,100 0 0
UNITED RENTALS, INC. CMN COM 911363109   6,682,620 7,000 SH   SOLE   7,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102   1,200 414,360 SH   OTR   0 414,360 0
VANGUARD INDEX FUNDS VANGUARD TOTAL STK MKT ETF ETF ON CRSPTMT ETF 922908769   328,170 1,000 SH   SOLE   1,000 0 0
VANGUARD S&P 500 ETF ETF 922908363   311,775,518 509,121 SH   SOLE   509,121 0 0
VIEMED HEALTHCARE INC. COM 92663R105   43,578 295,895 SH   OTR   0 295,895 0
WARNER BROS DISCOVERY INC COM SER A 934423104   5,000 97,650 SH   OTR   0 97,650 0
WELLS FARGO & COMPANY CMN COM 949746101   16,764,000 200,000 SH   SOLE   200,000 0 0
XPEL INC COM 98379L100   15,000 496,050 SH   OTR   0 496,050 0
XPO INC CMN COM 983793100   775,620 6,000 SH   SOLE   6,000 0 0