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
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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   18,600,000 3,100,000 SH   SOLE   3,100,000 0 0
AES CORP COM 00130H105   12,744 900 SH   SOLE   900 0 0
ALPHABET INC CAP STK CL A 02079K305   85,059,000 650,000 SH   SOLE   650,000 0 0
APOLLO GLOBAL MANAGEMENT INC COM 03769M106   145,860,000 1,625,000 SH   SOLE   1,625,000 0 0
ARBOR REALTY TRUST INC COM 038923108   36,146,525 2,381,194 SH   SOLE   2,381,194 0 0
ASHLAND INC COM 044186104   78,418,109 960,065 SH   SOLE   960,065 0 0
BANK OF AMERICA CORP COM 060505104   10,952,000 400,000 SH   SOLE   400,000 0 0
BANYAN ACQUISITION CORP CL A COM 06690B107   2,898,856 275,295 SH   SOLE   275,295 0 0
BARINGS BDC INC COM 06759L103   23,153 2,643 SH   SOLE   2,643 0 0
CITIGROUP INC COM 172967424   28,791,000 700,000 SH   SOLE   700,000 0 0
COMMSCOPE HOLDING CO INC COM 20337X109   892,786 265,710 SH   SOLE   265,710 0 0
CRESCENT CAPITAL BDC INC COM 225655109   7,181,624 419,978 SH   SOLE   419,978 0 0
DEVON ENERGY CORP COM 25179M103   109,705,230 2,299,900 SH   SOLE   2,299,900 0 0
DIAMEDICA THERAPEUTICS INC COM 25253X207   2,260,062 875,993 SH   SOLE   875,993 0 0
DT MIDSTREAM INC COMMON STOCK 23345M107   28,047,600 530,000 SH   SOLE   530,000 0 0
ELEVANCE HEALTH INC COM 036752103   51,440,519 118,140 SH   SOLE   118,140 0 0
ELLINGTON FINANCIAL INC COM 28852N109   5,299,750 425,000 SH   SOLE   425,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100   167,132,375 11,912,500 SH   SOLE   11,912,500 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107   22,306,550 815,000 SH   SOLE   815,000 0 0
FIDELIS INSURANCE HOLDINGS L COM G3398L118   13,385,092 911,791 SH   SOLE   911,791 0 0
FINANCE OF AMERICA COS INC COM CL A 31738L107   7,593,235 5,932,215 SH   SOLE   5,932,215 0 0
FISERV INC COM 337738108   50,267,200 445,000 SH   SOLE   445,000 0 0
GANNETT CO INC COM 36472T109   9,350,164 3,816,393 SH   SOLE   3,816,393 0 0
ISHARES TR 3 7 YR TREAS BD 464288661   330,088 2,917 SH   SOLE   2,917 0 0
ISHARES TR CORE MSCI EURO 46434V738   1,734,227 34,922 SH   SOLE   34,922 0 0
ISHARES TR CORE S&P MCP ETF 464287507   331,636 1,330 SH   SOLE   1,330 0 0
ISHARES INC MSCI CDA ETF 464286509   419,287 12,531 SH   SOLE   12,531 0 0
ISHARES TR MSCI EAFE ETF 464287465   4,199,778 60,937 SH   SOLE   60,937 0 0
ISHARES INC MSCI JPN ETF 46434G822   862,448 14,305 SH   SOLE   14,305 0 0
ISHARES INC MSCI PAC JP ETF 464286665   302,726 7,610 SH   SOLE   7,610 0 0
ISHARES INC MSCI WORLD ETF 464286392   400,046 3,329 SH   SOLE   3,329 0 0
ISHARES TR S&P 500 GRWT ETF 464287309   171,050 2,500 SH   SOLE   2,500 0 0
LAS VEGAS SANDS CORP COM 517834107   45,840,000 1,000,000 SH   SOLE   1,000,000 0 0
LITHIA MOTORS INC COM 536797103   122,561,950 415,000 SH   SOLE   415,000 0 0
MADISON SQUARE GARDEN SPORTS CL A 55825T103   3,526,000 20,000 SH   SOLE   20,000 0 0
MANCHESTER UNITED PLC ORD CL A G5784H106   18,386,454 929,078 SH   SOLE   929,078 0 0
MICROSOFT CORP COM 594918104   77,581,354 245,705 SH   SOLE   245,705 0 0
MIRION TECHNOLOGIES INC COM CL A 60471A101   55,278,000 7,400,000 SH   SOLE   7,400,000 0 0
MOTOROLA SOLUTIONS INC COM 620076307   27,224,000 100,000 SH   SOLE   100,000 0 0
MP MATERIALS CORP COM CL A 553368101   42,860,400 2,244,000 SH   SOLE   2,244,000 0 0
MR COOPER GROUP INC COM 62482R107   163,572,240 3,054,000 SH   SOLE   3,054,000 0 0
ONEMAIN HOLDINGS INC COM 68268W103   2,518,614 62,824 SH   SOLE   62,824 0 0
BLUE OWL CAPITAL CORP COM 69121K104   162,480 12,000 SH   SOLE   12,000 0 0
PIONEER NATURAL RESOURCES CO COM 723787107   67,383,484 293,546 SH   SOLE   293,546 0 0
REGAL REXNORD CORP COM 758750103   66,391,478 464,666 SH   SOLE   464,666 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862   663,947 13,864 SH   SOLE   13,864 0 0
SUNOPTA INC COM 8676EP108   16,343,459 4,849,691 SH   SOLE   4,849,691 0 0
THE CIGNA GROUP COM 125523100   77,426,276 270,655 SH   SOLE   270,655 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874   1,167,985 20,162 SH   SOLE   20,162 0 0
VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706   327,184 5,725 SH   SOLE   5,725 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   17,571,754 44,746 SH   SOLE   44,746 0 0
VANGUARD MUN BD FDS TAX EMEMPT BD 922907746   619,336 12,876 SH   SOLE   12,876 0 0
VERTIV HOLDINGS CO COM CL A 92537N108   98,580,000 2,650,000 SH   SOLE   2,650,000 0 0
WILLSCOT MOBILE MINI HOLDING COM CL A 971378104   113,332,750 2,725,000 SH   SOLE   2,725,000 0 0