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   21,142,000 3,100,000 SH   SOLE   3,100,000 0 0
AES CORP COM 00130H105   17,325 900 SH   SOLE   900 0 0
ALPHABET INC CAP STK CL A 02079K305   90,798,500 650,000 SH   SOLE   650,000 0 0
APOLLO GLOBAL MANAGEMENT INC COM 03769M106   151,433,750 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   80,943,080 960,065 SH   SOLE   960,065 0 0
BARINGS BDC INC COM 06759L103   22,677 2,643 SH   SOLE   2,643 0 0
CITIGROUP INC COM 172967424   15,432,000 300,000 SH   SOLE   300,000 0 0
COMMSCOPE HOLDING CO INC COM 20337X109   749,302 265,710 SH   SOLE   265,710 0 0
CRESCENT CAPITAL BDC INC COM 225655109   6,958,552 400,377 SH   SOLE   400,377 0 0
DEVON ENERGY CORP COM 25179M103   99,660,000 2,200,000 SH   SOLE   2,200,000 0 0
DIAMEDICA THERAPEUTICS INC COM 25253X207   2,509,489 883,623 SH   SOLE   883,623 0 0
DT MIDSTREAM INC COMMON STOCK 23345M107   32,880,000 600,000 SH   SOLE   600,000 0 0
ELEVANCE HEALTH INC COM 036752103   61,302,800 130,000 SH   SOLE   130,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109   3,495,250 275,000 SH   SOLE   275,000 0 0
ENERGY TRANSFER LP COM UT LTD PTN 29273V100   166,432,140 12,060,300 SH   SOLE   12,060,300 0 0
ENTERPRISE PRODUCTS PARTNERS COM 293792107   24,150,697 916,535 SH   SOLE   916,535 0 0
FIDELIS INSURANCE HOLDINGS L COM G3398L118   24,913,756 1,966,358 SH   SOLE   1,966,358 0 0
FINANCE OF AMERICA COS INC COM CL A 31738L107   6,600,000 6,000,000 SH   SOLE   6,000,000 0 0
FISERV INC COM 337738108   63,763,200 480,000 SH   SOLE   480,000 0 0
FRANKLIN FTSE CANADA ETF FTSE CANADA 35473P827   191,130 5,750 SH   SOLE   5,750 0 0
GANNETT CO INC COM 36472T109   8,853,605 3,849,393 SH   SOLE   3,849,393 0 0
ISHARES TR CORE MSCI EURO 46434V738   2,112,108 38,388 SH   SOLE   38,388 0 0
ISHARES INC MSCI CDA ETF 464286509   459,637 12,531 SH   SOLE   12,531 0 0
ISHARES TR MSCI EAFE ETF 464287465   4,591,603 60,937 SH   SOLE   60,937 0 0
ISHARES INC MSCI JPN ETF 46434G822   917,523 14,305 SH   SOLE   14,305 0 0
ISHARES INC MSCI PAC JP ETF 464286665   330,350 7,610 SH   SOLE   7,610 0 0
ISHARES INC MSCI WORLD ETF 464286392   442,824 3,329 SH   SOLE   3,329 0 0
LAS VEGAS SANDS CORP COM 517834107   60,036,200 1,220,000 SH   SOLE   1,220,000 0 0
LITHIA MOTORS INC COM 536797103   137,008,469 416,085 SH   SOLE   416,085 0 0
MADISON SQUARE GARDEN SPORTS CL A 55825T103   3,636,600 20,000 SH   SOLE   20,000 0 0
MANCHESTER UNITED PLC ORD CL A G5784H106   31,754,037 1,558,098 SH   SOLE   1,558,098 0 0
MICROSOFT CORP COM 594918104   92,394,908 245,705 SH   SOLE   245,705 0 0
MIRION TECHNOLOGIES INC COM CL A 60471A101   77,012,350 7,513,400 SH   SOLE   7,513,400 0 0
MOTOROLA SOLUTIONS INC COM 620076307   31,309,000 100,000 SH   SOLE   100,000 0 0
MP MATERIALS CORP COM CL A 553368101   47,485,170 2,392,200 SH   SOLE   2,392,200 0 0
MR COOPER GROUP INC COM 62482R107   198,876,480 3,054,000 SH   SOLE   3,054,000 0 0
BLUE OWL CAPITAL CORP COM 69121K104   177,120 12,000 SH   SOLE   12,000 0 0
ONEMAIN HOLDINGS INC COM 68268W103   3,090,941 62,824 SH   SOLE   62,824 0 0
PIONEER NATURAL RESOURCES CO COM 723787107   44,976,000 200,000 SH   SOLE   200,000 0 0
REGAL REXNORD CORP COM 758750103   88,812,000 600,000 SH   SOLE   600,000 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862   671,711 13,864 SH   SOLE   13,864 0 0
SUNOPTA INC COM 8676EP108   27,267,950 4,985,000 SH   SOLE   4,985,000 0 0
THE CIGNA GROUP COM 125523100   81,047,640 270,655 SH   SOLE   270,655 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874   1,300,046 20,162 SH   SOLE   20,162 0 0
VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706   339,607 5,725 SH   SOLE   5,725 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   19,731,566 45,173 SH   SOLE   45,173 0 0
VANGUARD MUN BD FDS TAX EXEMPT BD 922907746   657,320 12,876 SH   SOLE   12,876 0 0
VERTIV HOLDINGS CO COM CL A 92537N108   112,870,500 2,350,000 SH   SOLE   2,350,000 0 0
WILLSCOT MOBILE MINI HOLDING COM CL A 971378104   132,943,750 2,987,500 SH   SOLE   2,987,500 0 0