| Quarter | Filling ID |
|---|---|
| Q4 25 | 0002002654-26-000001 |
| Q3 25 | 0002002654-25-000006 |
| Q2 25 | 0002002654-25-000004 |
| Q1 25 | 0002002654-25-000003 |
| Q4 24 | 0002002654-25-000001 |
| Q3 24 | 0002002654-24-000005 |
| Q2 24 | 0002002654-24-000004 |
| Q1 24 | 0002002654-24-000002 |
| Q4 23 | 0002002654-24-000001 |
| Q3 23 | 0002002654-23-000008 |
| Q2 23 | 0002002654-23-000007 |
| Q1 23 | 0002002654-23-000006 |
| Q4 22 | 0002002654-23-000005 |
| Q3 22 | 0002002654-23-000004 |
| Q2 22 | 0002002654-23-000003 |
| Q1 22 | 0002002654-23-000002 |
| Q4 21 | 0002002654-23-000001 |
| Name | Title | CUSIP | Ticker | Value | Shares | Share Price | Investment | % of Portfolio |
|---|---|---|---|---|---|---|---|---|
| TPG RE FIN TR INC | COM | 87266M107 | $15,361,004 | 1,807,177 | SOLE | |||
| XPONENTIAL FITNESS INC | COM CL A | 98422X101 | $10,372,196 | 771,167 | SOLE | |||
| FRANKLIN BSP RLTY TR INC | COMMON STOCK | 35243J101 | $7,807,680 | 622,622 | SOLE | |||
| LEGGETT & PLATT INC | COM | 524660107 | $6,720,000 | 700,000 | SOLE | |||
| FIRSTCASH HOLDINGS INC | COM | 33768G107 | $6,009,732 | 58,009 | SOLE | |||
| MAGNERA CORP | COM SHS | 55939A107 | $5,327,935 | 293,227 | SOLE | |||
| CBL & ASSOC PPTYS INC | COMMON STOCK | 124830878 | $5,068,902 | 172,353 | SOLE | |||
| ARCHER AVIATION INC | COM CL A | 03945R102 | $4,948,808 | 507,570 | SOLE | |||
| NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | Y62267409 | $4,734,021 | 109,356 | SOLE | |||
| NAVIGATOR HLDGS LTD | SHS | Y62132108 | $4,528,250 | 295,000 | SOLE | |||
| ABACUS LIFE INC | CL A | 00258Y104 | $4,333,138 | 553,402 | SOLE | |||
| BOYD GAMING CORP | COM | 103304101 | $4,192,449 | 57,795 | SOLE | |||
| BRIGHTSPIRE CAPITAL INC | COM CL A | 10949T109 | $3,384,000 | 600,000 | SOLE | |||
| KKR REAL ESTATE FIN TR INC | COM | 48251K100 | $3,333,000 | 330,000 | SOLE | |||
| LANDSEA HOMES CORP | COM | 51509P103 | $2,716,801 | 320,000 | SOLE | |||
| SCORPIO TANKERS INC | SHS | Y7542C130 | $2,559,035 | 51,500 | SOLE | |||
| TSAKOS ENERGY NAVIGATION LTD | SHS | G9108L173 | $2,518,254 | 145,228 | SOLE | |||
| BEAZER HOMES USA INC | COM NEW | 07556Q881 | $2,196,800 | 80,000 | SOLE | |||
| GRANITE PT MTG TR INC | COM STK | 38741L107 | $1,953,000 | 700,000 | SOLE | |||
| CADIZ INC | COM NEW | 127537207 | $1,664,000 | 320,000 | SOLE | |||
| ACRES COMMERCIAL REALTY CORP | COM NEW | 00489Q102 | $1,636,221 | 101,314 | SOLE | |||
| SYNERGY CHC CORP | COM NEW | 87165D208 | $466,154 | 105,944 | SOLE | |||
| HELPORT AI LTD | *W EXP 03/31/202 | G4R52R111 | $326,795 | 1,320,918 | SOLE |