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
ADVANCED MICRO DEVICES INC PUT 007903957   222,500 500 SH   SOLE   500 0 0
ADVANCED MICRO DEVICES INC COM 007903107   899,323 6,100 SH   SOLE   6,100 0 0
AGNICO EAGLE MINES LTD COM 008474108   6,631,838 120,700 SH   SOLE   120,700 0 0
ALPHABET INC CAP STK CL C 02079K107   7,894,880 56,000 SH   SOLE   56,000 0 0
AMAZON COM INC COM 023135106   3,434,070 22,600 SH   SOLE   22,600 0 0
ATKORE INC COM 047649108   4,800,000 30,000 SH   SOLE   30,000 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD L P G16234109   10,522,469 512,220 SH   SOLE   512,220 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   3,582,593 89,100 SH   SOLE   89,100 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101   3,306,132 104,710 SH   SOLE   104,710 0 0
CANADIAN NAT RES LTD PUT 136385951   281,642 1,000 SH   SOLE   1,000 0 0
CANADIAN NAT RES LTD COM 136385101   16,007,555 243,800 SH   SOLE   243,800 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   14,183,578 179,000 SH   SOLE   179,000 0 0
CBOE GLOBAL MKTS INC COM 12503M108   2,530,374 14,171 SH   SOLE   14,171 0 0
CENOVUS ENERGY INC CALL 15135U909   359,897 7,000 SH   SOLE   7,000 0 0
CME GROUP INC COM 12572Q105   6,636,735 31,500 SH   SOLE   31,500 0 0
ENBRIDGE INC COM 29250N105   5,369,896 148,800 SH   SOLE   148,800 0 0
FISERV INC COM 337738108   2,045,890 15,400 SH   SOLE   15,400 0 0
FRANCO NEV CORP COM 351858105   13,864,977 124,900 SH   SOLE   124,900 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104   15,178,924 439,292 SH   SOLE   439,292 0 0
GILDAN ACTIVEWEAR INC COM 375916103   1,086,968 32,800 SH   SOLE   32,800 0 0
GLOBAL PMTS INC COM 37940X102   7,505,700 59,100 SH   SOLE   59,100 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114   4,344,650 75,400 SH   SOLE   75,400 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107   5,134,860 499,500 SH   SOLE   499,500 0 0
INSTALLED BLDG PRODS INC COM 45780R101   11,538,424 63,200 SH   SOLE   63,200 0 0
ISHARES TR PUT 464288952   530,000 2,000 SH   SOLE   2,000 0 0
ISHARES TR PUT 464287955   2,240,000 6,500 SH   SOLE   6,500 0 0
MASTERCARD INCORPORATED CL A 57636Q104   703,972 1,650 SH   SOLE   1,650 0 0
META PLATFORMS INC CL A 30303M102   6,279,871 17,740 SH   SOLE   17,740 0 0
MICROSOFT CORP COM 594918104   3,308,624 8,800 SH   SOLE   8,800 0 0
NUVEI CORPORATION SUB VTG SHS 67079A102   5,052,641 191,864 SH   SOLE   191,864 0 0
PBF ENERGY INC CL A 69318G106   4,249,965 96,700 SH   SOLE   96,700 0 0
RB GLOBAL INC COM 74935Q107   23,101,579 345,470 SH   SOLE   345,470 0 0
SELECT SECTOR SPDR TR PUT 81369Y954   678,000 3,000 SH   SOLE   3,000 0 0
SPDR S&P 500 ETF TR CALL 78462F903   479,000 1,000 SH   SOLE   1,000 0 0
SPDR S&P 500 ETF TR PUT 78462F953   1,250,500 3,500 SH   SOLE   3,500 0 0
TFI INTL INC COM 87241L109   2,501,365 18,355 SH   SOLE   18,355 0 0
VISA INC COM CL A 92826C839   364,263 1,398 SH   SOLE   1,398 0 0