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
ACADEMY SPORTS AND OUTDOORS ORD (NMS) COM 00402L107   1,650,000 25,000 SH   SOLE   25,000 0 0
ALTA EQUIPMENT GROUP CL A ORD (NYS) COM 02128L106   1,855,500 150,000 SH   SOLE   150,000 0 0
AMBEV ADR REP ONE ORD (NYS) SPONSORED ADR 02319V103   8,434 3,012 SH   SOLE   3,012 0 0
ARENA GROUP HLDGS ORD (ASE) COM 040044109   2 1 SH   SOLE   1 0 0
ASBURY AUTOMOTIVE GROUP ORD (NYS) COM 043436104   1,124,850 5,000 SH   SOLE   5,000 0 0
BANCO BRADESCO ADR REPSTG 1 PRF (NYS) SP ADR PFD NEW 059460303   12,604 3,601 SH   SOLE   3,601 0 0
BILIBILI ADS (NMS) SPONS ADS REP Z 090040106   11,172 918 SH   SOLE   918 0 0
BLUELINX ORD (NYS) CL A 09624H208   2,266,200 20,000 SH   SOLE   20,000 0 0
Choice Hotels Intl Inc COM 169905106   118,061,956 1,046,579 SH   SOLE   1,046,579 0 0
CRH PUBLIC LIMITED ORD (NYS) COM 830830105   4,841,000 70,000 SH   SOLE   70,000 0 0
CROCS ORD (NMS) COM 227046109   1,634,675 17,500 SH   SOLE   17,500 0 0
Eaton Vance Flting Rate Inc COM 278279104   7,607 756 SH   SOLE   756 0 0
EURONET WORLDWIDE ORD (NMS) COM 298736109   2,537,250 25,000 SH   SOLE   25,000 0 0
EXTREME NETWORKS ORD (NMS) COM 30226D106   1,764,000 100,000 SH   SOLE   100,000 0 0
FULL TRUCK ALLNC 20 ADR REP CL A ORD (NYS) SPONSORED ADS 35969L108   633,600 120,000 SH   SOLE   120,000 0 0
GIGACLOUD TECHNOLOGY CL A ORD (NMS) CLASS A ORD G38644103   926,880 50,663 SH   SOLE   50,663 0 0
Goldman Saches Access Treasury 0 ETF ACCES TREASURY 381430529   38,810,065 389,020 SH   SOLE   389,020 0 0
GRIFFON ORD (NYS) COM 398433102   16,264,080 266,843 SH   SOLE   266,843 0 0
I3 VERTICALS CL A ORD (NMS) COM CL A 46571Y107   635,100 30,000 SH   SOLE   30,000 0 0
ICICI BANK ADR REP 2 ORD (NYS) ADR 45104G104   13,160 552 SH   SOLE   552 0 0
IN8BIO, INC. (NMS) COM 45674E109   208,813 151,314 SH   SOLE   151,314 0 0
INTERNATIONAL MONEY EXPRESS ORD (NMS) COM 46005L101   1,546,300 70,000 SH   SOLE   70,000 0 0
ISHARES CORE MSCI EAFE ETF CORE MSCI EAFE 46432F842   21,984,580 236,966 SH   SOLE 1 236,966 0 0
ISHARES CORE MSCI EMERGING ETF MSCI EMERG MRKT 46434G103   18,973,518 368,632 SH   SOLE   368,632 0 0
ISHARES CORE MSCI EMERGING ETF CORE MSCI EMKT 46434G103   235,045 4,647 SH   SOLE 1 4,647 0 0
iShares Core MSCI International Developed Markets ETF CORE MSCI INTL 46435G326   38,841,154 606,286 SH   SOLE   606,286 0 0
iShares Core S&P 500 ETF CORE S&P500 ETF 464287200   435,598 912 SH   SOLE   912 0 0
ISHARES CORE S&P TOTAL U.S. CORE S&P TTL STK 464287150   123,319,494 1,193,519 SH   SOLE   1,193,519 0 0
ISHARES CORE S&P TOTAL U.S. CORE S&P TTL STK 464287150   35,933,204 341,473 SH   SOLE 1 341,473 0 0
ISHARES CORE U.S. AGGREGATE BOND ETF CORE US AGGBD ET 464287226   89,210,598 895,991 SH   SOLE   895,991 0 0
Ishares MSCI China ETF MSCI CHINA ETF 46429B671   4,431,492 108,775 SH   SOLE   108,775 0 0
ISHARES MSCI KUWAIT ETF (BAT) MSCI KUWAIT ETF 46436E817   23,470 763 SH   SOLE   763 0 0
Ishares MSCI Mexico ETF MSCI MEXICO ETF 464286822   6,653,371 98,060 SH   SOLE   98,060 0 0
ISHARES MSCI POLAND ETF (PSE) MSCI POLAND ETF 46429B606   49,604 2,190 SH   SOLE   2,190 0 0
ISHARES MSCI QATAR ETF MSCI QATAR ETF 46434V779   1,044,015 57,585 SH   SOLE   57,585 0 0
Ishares MSCI Saudi Arabia ETF MSCI SAUDI ARBIA 46434V423   1,266,470 29,919 SH   SOLE   29,919 0 0
ISHARES MSCI SOUTH AFRICA ETF (PSE) MSCI STH AFR ETF 464286780   80,864 1,935 SH   SOLE   1,935 0 0
ISHARES MSCI UAE ETF (NMS) MSCI UAE ETF 46434V761   37,730 2,539 SH   SOLE   2,539 0 0
iShares TIPS Bond ETF US TIPS ETF 464287176   60,129,037 2,756,361 SH   SOLE   2,756,361 0 0
ITAU UNIBANCO HOLDING ADR REP 1 PRF (NYS) SPON ADR REP PFD 465562106   22,956 3,303 SH   SOLE   3,303 0 0
JP Morgan Ultra Short Income ETF ULTRA SHRT INC 46641Q837   29,008,578 577,451 SH   SOLE   577,451 0 0
KE HOLDINGS ADR REP 3 CL A ORD (NYS) SPONSORED ADS 482497104   6,127 378 SH   SOLE   378 0 0
LEGACY HOUSING ORD (NMS) COM 52472M101   1,008,800 40,000 SH   SOLE   40,000 0 0
MINISO GROUP HOLD ADR REP 4 ORD (NYS) SPONSORED ADS 66981J102   1,741,878 61,473 SH   SOLE   61,473 0 0
NEW ORIENTL EDUCTN GRP ADR REP 1 ORD (NYS) SPON ADS 647581206   757,281 13,636 SH   SOLE   13,636 0 0
NU HOLDINGS CL A ORD (NYS) ORD SHS CL A G6683N103   13,453 1,615 SH   SOLE   1,615 0 0
PDD HOLDINGS ADS (NMS) SPONSORED ADS 722304102   902,837 7,697 SH   SOLE   7,697 0 0
PETROLEO BRASILEIRO ADR REPSTG 2 PRF (NYS) SP ADR NON VTG 71654V101   44,998 2,887 SH   SOLE   2,887 0 0
PLAYA HOTELS RESORTS ORD (NMS) SHS N70544106   1,297,500 150,000 SH   SOLE   150,000 0 0
QIFU TECHNOLOGY ADR (NMS) AMERICAN DEP 88557W101   16,073 1,016 SH   SOLE   1,016 0 0
R1 RCM ORD (NMS) COM 77634L105   3,171,000 300,000 SH   SOLE   300,000 0 0
RLX TECHNOLOGY ADS REP CL A ORD (NYS) SPONSORED ADS 74969N103   26,748 13,374 SH   SOLE   13,374 0 0
SEA ADS REP CL A ORD (NYS) SPONSORED ADS 81141R100   89,222 2,203 SH   SOLE   2,203 0 0
SKYLINE CHAMPION ORD (NYS) COM 830830105   742,600 10,000 SH   SOLE   10,000 0 0
SOCIEDAD QUIMICA ADR REP 1 SRS B ORD (NYS) SPON ADR SER B 833635105   6,082 101 SH   SOLE   101 0 0
SOLARWINDS ORD (NYS) COM 83417Q204   1,873,500 150,000 SH   SOLE   150,000 0 0
SPDR GOLD SHARES ETF GOLD SHS 78463V107   32,523,190 171,131 SH   SOLE   171,131 0 0
SPDR GOLD SHARES ETF GOLD SHS 78463V107   4,008,644 20,969 SH   SOLE 1 20,969 0 0
SPDR MSCI USA GENDER DIVERSI SPDR MSCI USA GE 78468R747   17,084,165 179,839 SH   SOLE 1 179,839 0 0
VALE ADR REPTG ONE ORD (NYS) SPONSORED ADR 91912E105   38,651 2,437 SH   SOLE   2,437 0 0
VASTA PLATFORM CL A ORD (NMS) CL A G9440A109   14,433 3,258 SH   SOLE   3,258 0 0
VITRU ORD (NMS) COM G9440D103   44,081 2,797 SH   SOLE   2,797 0 0
Xtrackers Harvest CSI 300 China ETF XTRACK HRVST CSI 233051879   863,509 36,115 SH   SOLE   36,115 0 0
YUM CHINA ORD (NYS) COM 98850P109   13,917 328 SH   SOLE   328 0 0
ZTO EXPRESS CAYMAN ADR REP CL A ORD (NYS) SPONSORED ADS A 98980A105   39,730 1,867 SH   SOLE   1,867 0 0