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
ABRDN PLATINUM ETF TRUST PHYSCL PLATM SHS 003260106   6,143,500 50,000 SH   SOLE   50,000 0 0
ABRDN SILVER ETF TRUST PHYSCL SILVR SHS 003264108   3,441,000 100,000 SH   SOLE   100,000 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104   5,588,415 257,412 SH   SOLE   257,412 0 0
BHP GROUP LTD SPONSORED ADS 088606108   1,202,250 25,000 SH   SOLE   25,000 0 0
DIGITAL RLTY TR INC COM 253868103   1,743,300 10,000 SH Call SOLE   10,000 0 0
EDAP TMS S A SPONSORED ADR 268311107   41,000 25,000 SH   SOLE   25,000 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100   324,183 30,497 SH   SOLE   30,497 0 0
IOVANCE BIOTHERAPEUTICS INC COM 462260100   43,000 25,000 SH   SOLE   25,000 0 0
ISHARES INC MSCI ISRAEL ETF 464286632   385,023 4,058 SH   SOLE   4,058 0 0
NATERA INC COM 632307104   929,170 5,500 SH   SOLE   5,500 0 0
SHELL PLC SPON ADS 780259305   3,520,500 50,000 SH   SOLE   50,000 0 0
ROYCE SMALL CAP TRUST INC COM 780910105   752,500 50,000 SH   SOLE   50,000 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105   63,233 10,574 SH   SOLE   10,574 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775   3,361,000 50,000 SH   SOLE   50,000 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769   9,117,900 30,000 SH   SOLE   30,000 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104   1,284,500 50,000 SH   SOLE   50,000 0 0
GLOBAL X FDS GB MSCI AR ETF 37950E259   1,270,950 15,000 SH   SOLE   15,000 0 0
ADAM NAT RES FD INC COM 00548F105   3,722,376 174,187 SH   SOLE   174,187 0 0
BLACKROCK SCIENCE & TECHNOLO SHS BEN INT 09260K101   1,653,339 79,679 SH   SOLE   79,679 0 0
C4 THERAPEUTICS INC COM STK 12529R107   57,200 40,000 SH   SOLE   40,000 0 0
INVESCO ACTIVELY MANAGED EXC ULTRA SHRT DUR 46090A887   1,002,800 20,000 SH   SOLE   20,000 0 0
ISHARES TR MSCI INDIA ETF 46429B598   3,062,400 55,000 SH   SOLE   55,000 0 0
LISTED FDS TR HORIZON KINETICS 53656F623   3,584,450 85,000 SH   SOLE   85,000 0 0
LESAKA TECHNOLOGIES INC COM NEW 64107N206   1,122,500 250,000 SH   SOLE   250,000 0 0
NVIDIA CORPORATION COM 67066G104   789,950 5,000 SH   SOLE   5,000 0 0
ORGANOGENESIS HLDGS INC COM 68621F102   402,600 110,000 SH   SOLE   110,000 0 0
PALANTIR TECHNOLOGIES INC CL A 69608A108   681,600 5,000 SH   SOLE   5,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   12,357,000 20,000 SH Call SOLE   20,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   15,446,250 25,000 SH Put SOLE   25,000 0 0
SPDR GOLD TR GOLD SHS 78463V107   18,289,800 60,000 SH   SOLE   60,000 0 0
SIMPLIFY EXCHANGE TRADED FUN BOND BULL ETF 82889N376   713,250 15,000 SH   SOLE   15,000 0 0
SLR INVESTMENT CORP COM 83413U100   4,035,000 250,000 SH   SOLE   250,000 0 0
SURO CAPITAL CORP COM NEW 86887Q109   821,000 100,000 SH   SOLE   100,000 0 0
TC ENERGY CORP COM 87807B107   1,707,650 35,000 SH   SOLE   35,000 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   4,731,300 70,000 SH   SOLE   70,000 0 0
INDIVIOR PLC ORD G4766E116   221,100 15,000 SH   SOLE   15,000 0 0
MEDTRONIC PLC SHS G5960L103   2,615,100 30,000 SH   SOLE   30,000 0 0
ORION S.A. COM L72967109   1,507,413 143,700 SH   SOLE   143,700 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210   2,203,823 2,750 SH   SOLE   2,750 0 0
NXP SEMICONDUCTORS N V COM N6596X109   2,184,900 10,000 SH   SOLE   10,000 0 0