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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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
AES CORP COM 00130H105   2,009,591 100,179 SH   SOLE   100,179 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   6,971,129 65,691 SH   SOLE   65,691 0 0
ATLANTA BRAVES HLDGS INC COM SER A 047726104   1,326,840 31,479 SH   SOLE   31,479 0 0
BAIDU INC SPON ADR REP A 056752108   5,322,936 50,555 SH   SOLE   50,555 0 0
CHESAPEAKE ENERGY CORP COM 165167735   995,801 12,107 SH   SOLE   12,107 0 0
CITIGROUP INC COM NEW 172967424   2,641,094 42,190 SH   SOLE   42,190 0 0
CONSTELLIUM SE CL A SHS F21107101   2,971,369 182,741 SH   SOLE   182,741 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   11,347,559 707,013 SH   SOLE   707,013 0 0
EQT CORP COM 26884L109   3,074,719 83,917 SH   SOLE   83,917 0 0
GREAT ELM GROUP INC COM NEW 39037G109   1,830,244 958,243 SH   SOLE   958,243 0 0
HALLIBURTON CO COM 406216101   1,942,312 66,861 SH   SOLE   66,861 0 0
JD.COM INC SPON ADS CL A 47215P106   4,189,800 104,745 SH   SOLE   104,745 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306   2,102,096 61,790 SH   SOLE   61,790 0 0
MPLX LP COM UNIT REP LTD 55336V100   1,875,856 42,192 SH   SOLE   42,192 0 0
PATTERSON-UTI ENERGY INC COM 703481101   1,612,100 210,732 SH   SOLE   210,732 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102   12,508,346 92,785 SH   SOLE   92,785 0 0
RENTOKIL INITIAL PLC SPONSORED ADR 760125104   1,953,390 78,355 SH   SOLE   78,355 0 0
RITHM CAPITAL CORP COM NEW 64828T201   2,223,193 195,876 SH   SOLE   195,876 0 0
SCHLUMBERGER LTD COM STK 806857108   1,941,949 46,292 SH   SOLE   46,292 0 0
SINCLAIR INC CL A 829242106   12,606,710 823,968 SH   SOLE   823,968 0 0
SOUTHWEST AIRLS CO COM 844741108   1,908,172 64,400 SH   SOLE   64,400 0 0
UBER TECHNOLOGIES INC COM 90353T100   1,459,532 19,419 SH   SOLE   19,419 0 0
VISTRA CORP COM 92840M102   7,025,273 59,265 SH   SOLE   59,265 0 0
WEATHERFORD INTL PLC ORD SHS G48833118   884,272 10,413 SH   SOLE   10,413 0 0