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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALTICE USA INC CL A 02156K103 109 7,000 SH   SOLE   7,000 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 3,887 55,000 SH   SOLE   55,000 0 0
CEDAR REALTY TRUST INC COM NEW 150602605 38,089 1,103,277 SH   SOLE   1,103,277 0 0
CONSENSUS CLOUD SOLUTIONS IN COM 20848V105 8,878 118,212 SH   SOLE   118,212 0 0
FOCUS FINL PARTNERS INC COM CL A 34417P100 12,015 210,296 SH   SOLE   210,296 0 0
GOGO INC COM 38046C109 30,082 1,263,599 SH   SOLE   1,263,599 0 0
KADANT INC COM 48282T104 4,129 17,025 SH   SOLE   17,025 0 0
KLA CORP COM NEW 482480100 3,566 7,800 SH   SOLE   7,800 0 0
LAM RESEARCH CORP COM 512807108 3,579 5,320 SH   SOLE   5,320 0 0
PORCH GROUP INC COM 733245104 196 22,600 SH   SOLE   22,600 0 0
RAND CAP CORP COM NEW 752185207 353 18,654 SH   SOLE   18,654 0 0
SPDR GOLD TR GOLD SHS 78463V107 6,769 30,000 SH   SOLE   30,000 0 0
STONERIDGE INC COM 86183P102 26,942 1,197,884 SH   SOLE   1,197,884 0 0
VIVID SEATS INC COM CL A 92854T100 1,142 82,695 SH   SOLE   82,695 0 0
VIVID SEATS INC *W EXP 10/18/202 92854T118 1,047 262,000 SH   SOLE   262,000 0 0
ZIFF DAVIS INC COM 48123V102 19,108 158,072 SH   SOLE   158,072 0 0