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
ADT INC COM 00090Q103   18,693,000 3,100,000 SH   SOLE   3,100,000 0 0
AES CORP COM 00130H105   18,657 900 SH   SOLE   900 0 0
ALPHABET INC CAP STK CL A 02079K305   77,805,000 650,000 SH   SOLE   650,000 0 0
APOLLO GLOBAL MANAGEMENT INC COM 03769M106   124,816,250 1,625,000 SH   SOLE   1,625,000 0 0
ARBOR REALTY TRUST INC COM 038923108   51,198,565 3,454,694 SH   SOLE   3,454,694 0 0
ASHLAND INC COM 044186104   83,439,249 960,065 SH   SOLE   960,065 0 0
BANK OF AMERICA CORP COM 060505104   11,476,000 400,000 SH   SOLE   400,000 0 0
BANYAN ACQUISITION CORP CL A COM 06690B107   2,863,068 275,295 SH   SOLE   275,295 0 0
BARINGS BDC INC COM 06759L103   20,721 2,643 SH   SOLE   2,643 0 0
CITIGROUP INC COM 172967424   32,228,000 700,000 SH   SOLE   700,000 0 0
COMMSCOPE HOLDING CO INC COM 20337X109   1,495,947 265,710 SH   SOLE   265,710 0 0
CRESCENT CAPITAL BDC INC COM 225655109   6,358,467 419,978 SH   SOLE   419,978 0 0
Chimera Investment Corp COM 16934Q208   625,622 30,834 SH   SOLE   30,834 0 0
DEVON ENERGY CORP COM 25179M103   111,177,166 2,299,900 SH   SOLE   2,299,900 0 0
DIAMEDICA THERAPEUTICS INC COM 25253X207   3,784,290 875,993 SH   SOLE   875,993 0 0
DT MIDSTREAM INC COM 23345M107   14,871,000 300,000 SH   SOLE   300,000 0 0
ELEVANCE HEALTH INC COM 036752103   26,657,400 60,000 SH   SOLE   60,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109   7,245,000 525,000 SH   SOLE   525,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100   151,288,750 11,912,500 SH   SOLE   11,912,500 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107   21,475,250 815,000 SH   SOLE   815,000 0 0
FIDELIS INSURANCE HOLDINGS L COM G3398L118   6,249,571 457,844 SH   SOLE   457,844 0 0
FINANCE OF AMERICA COS INC COM CL A 31738L107   11,201,218 5,864,512 SH   SOLE   5,864,512 0 0
FISERV INC COM 337738108   56,136,750 445,000 SH   SOLE   445,000 0 0
GANNETT CO INC COM 36472T109   8,586,885 3,816,393 SH   SOLE   3,816,393 0 0
ISHARES TR 3-7 YR TREAS BD 464288661   336,213 2,917 SH   SOLE   2,917 0 0
ISHARES TR CORE MSCI EURO 46434V738   1,837,945 34,922 SH   SOLE   34,922 0 0
ISHARES INC MSCI CDA ETF 464286509   438,460 12,531 SH   SOLE   12,531 0 0
ISHARES TR MSCI EAFE ETF 464287465   4,417,933 60,937 SH   SOLE   60,937 0 0
ISHARES INC MSCI JPN ETF 46434G822   885,480 14,305 SH   SOLE   14,305 0 0
ISHARES INC MSCI PAC JP ETF 464286665   321,446 7,610 SH   SOLE   7,610 0 0
ISHARES INC MSCI WORLD ETF 464286392   414,527 3,329 SH   SOLE   3,329 0 0
ISHARES TR S&P 500 GRWT EFT 464287309   499,492 7,087 SH   SOLE   7,087 0 0
LAS VEGAS SANDS CORP COM 517834107   29,000,000 500,000 SH   SOLE   500,000 0 0
LITHIA MOTORS INC COM 536797103   126,205,650 415,000 SH   SOLE   415,000 0 0
MICROSOFT CORP COM 594918104   83,672,381 245,705 SH   SOLE   245,705 0 0
MIRION TECHNOLOGIES INC COM CL A 60471A101   62,530,000 7,400,000 SH   SOLE   7,400,000 0 0
MOTOROLA SOLUTIONS INC COM 620076307   29,328,000 100,000 SH   SOLE   100,000 0 0
MP MATERIALS CORP COM CL A 553368101   50,965,200 2,227,500 SH   SOLE   2,227,500 0 0
MR COOPER GROUP INC COM 62482R107   154,654,560 3,054,000 SH   SOLE   3,054,000 0 0
ONEMAIN HOLDINGS INC COM 68268W103   2,744,781 62,824 SH   SOLE   62,824 0 0
OWL ROCK CAPITAL CORP COM 69121K104   161,040 12,000 SH   SOLE   12,000 0 0
PIONEER NATURAL RESOURCES CO COM 723787107   60,816,860 293,546 SH   SOLE   293,546 0 0
REGAL REXNORD CORP COM 758750103   71,512,097 464,666 SH   SOLE   464,666 0 0
SCHWAB SHORT-TERM US TREAS SHT TM US TRES 808524862   666,304 13,864 SH   SOLE   13,864 0 0
SUNOPTA INC COM 8676EP108   26,760,000 4,000,000 SH   SOLE   4,000,000 0 0
THE CIGNA GROUP COM 125523100   101,260,964 360,873 SH   SOLE   360,873 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874   1,243,995 20,162 SH   SOLE   20,162 0 0
VANGUARD SCOTTSDALE FDS INTER TERM TRES 92206C706   335,829 5,725 SH   SOLE   5,725 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   18,224,151 44,746 SH   SOLE   44,746 0 0
VANGUARD MUN BD FDS TAX EXEMPT BD 922907746   646,633 12,876 SH   SOLE   12,876 0 0
VERTIV HOLDINGS CO COM CL A 92537N108   74,310,000 3,000,000 SH   SOLE   3,000,000 0 0
VIRGIN ORBIT HOLDINGS INC COM 92771A101   5,095 157,978 SH   SOLE   157,978 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   2,508,000 200,000 SH   SOLE   200,000 0 0
WILLSCOT MOBILE MINI HOLDING COM CL A 971378104   107,527,500 2,250,000 SH   SOLE   2,250,000 0 0