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
Estimated average burden
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
SHINHAN FINANCIAL GROUP-ADR COM 824596100   1,789,128 39,600 SH   DFND 1, 2, 3, 4 39,600 0 0
ALPHABET INC-CL A COM 02079K305   2,114,760 12,000 SH   DFND 1, 2, 3, 4 12,000 0 0
ALPHABET INC-CL A COM 02079K305   863,527 4,900 SH Call DFND 1, 2, 3, 4 0 0 4,900
B2GOLD CORP COM 11777Q209   90,250 25,000 SH   DFND 1, 2, 3, 4 25,000 0 0
BURFORD CAPITAL LTD COM 00000NANA   487,404 14,800 SH   DFND 1, 2, 3, 4 14,800 0 0
CLIPPER REALTY INC COM 18885T306   83,008 22,618 SH   DFND 1, 2, 3, 4 22,618 0 0
COMMUNITY WEST BANCSHARES COM 203937107   855,786 43,864 SH   DFND 1, 2, 3, 4 43,864 0 0
COREBRIDGE FINANCIAL INC COM 21871X109   6,697,252 188,655 SH   DFND 1, 2, 3, 4 188,655 0 0
DEVON ENERGY CORP COM 25179M103   413,530 13,000 SH   DFND 1, 2, 3, 4 13,000 0 0
EMX ROYALTY CORP COM 26873J107   518,905 205,915 SH   DFND 1, 2, 3, 4 205,915 0 0
GENWORTH FINANCIAL INC COM 37247D106   2,694,992 346,400 SH   DFND 1, 2, 3, 4 346,400 0 0
GRAIL INC COM 384747101   53,368,715 1,037,898 SH   DFND 1, 2, 3, 4 1,037,898 0 0
GREIF INC-CL B COM 397624206   13,597,247 197,033 SH   DFND 1, 2, 3, 4 197,033 0 0
INHIBRX BIOSCIENCES INC COM 45720N103   281,960 19,759 SH   DFND 1, 2, 3, 4 19,759 0 0
JBG SMITH PROPERTIES COM 46590V100   1,353,015 78,209 SH   DFND 1, 2, 3, 4 78,209 0 0
LENNAR CORP - B SHS COM 526057302   592,452 5,629 SH   DFND 1, 2, 3, 4 5,629 0 0
LIBERTY LATIN AMERIC-CL A COM G9001E102   1,003,334 164,481 SH   DFND 1, 2, 3, 4 164,481 0 0
LIBERTY LATIN AMERIC-CL C COM G9001E128   2,233,278 359,048 SH   DFND 1, 2, 3, 4 359,048 0 0
MARTI TECHNOLOGIES INC COM 573134103   199,835 65,952 SH   DFND 1, 2, 3, 4 65,952 0 0
MGIC INVESTMENT CORP COM 552848103   2,060,160 74,000 SH   DFND 1, 2, 3, 4 74,000 0 0
NI HOLDINGS INC COM 65342T106   654,734 51,392 SH   DFND 1, 2, 3, 4 51,392 0 0
OPPENHEIMER HOLDINGS-CL A COM 683797104   3,617,284 54,999 SH   DFND 1, 2, 3, 4 54,999 0 0
OSISKO DEVELOPMENT CORP COM 68828E809   42,800 20,000 SH   DFND 1, 2, 3, 4 20,000 0 0
SENECA FOODS CORP - CL A COM 817070501   424,991 4,190 SH   DFND 1, 2, 3, 4 4,190 0 0
SENECA FOODS CORP - CL B COM 817070105   293,527 2,878 SH   DFND 1, 2, 3, 4 2,878 0 0
SIRIUSPOINT LTD COM G8192H106   4,094,964 200,832 SH   DFND 1, 2, 3, 4 200,832 0 0
SONIDA SENIOR LIVING INC COM 140475203   5,587,733 225,331 SH   DFND 1, 2, 3, 4 225,331 0 0
STEREOTAXIS INC COM 85916J409   6,050,175 2,853,856 SH   DFND 1, 2, 3, 4 2,853,856 0 0
TEJON RANCH CO COM 879080109   233,064 13,742 SH   DFND 1, 2, 3, 4 13,742 0 0
TRIPLE FLAG PRECIOUS MET COM 89679M104   1,279,260 54,000 SH   DFND 1, 2, 3, 4 54,000 0 0