| 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 |
|---|---|---|---|---|---|---|---|---|
| ISHARES TR RUSSELL 2000 ETF | UNIT | 464287655 | $24,936,250 | 125,000 | SOLE | |||
| TPG RE FIN TR INC | COM | 87266M107 | $17,089,376 | 2,096,856 | SOLE | |||
| XPONENTIAL FITNESS INC | COM CL A | 98422X101 | $8,864,928 | 1,064,217 | SOLE | |||
| FRANKLIN BSP RLTY TR INC | COMMON STOCK | 35243J101 | $7,331,131 | 575,442 | SOLE | |||
| HUDSON PAC PPTYS INC | COM | 444097109 | $6,559,325 | 2,223,500 | SOLE | |||
| NAVIOS MARITIME PARTNERS L P | COM UNIT LPI | Y62267409 | $6,171,502 | 157,356 | SOLE | |||
| MAGNERA CORP | COM SHS | 55939A107 | $5,325,002 | 293,227 | SOLE | |||
| CLAROS MTG TR INC | COMMON STOCK | 18270D106 | $4,982,538 | 1,335,801 | SOLE | |||
| ABACUS GLOBAL MGMT INC | CL A | 00258Y104 | $4,699,241 | 627,402 | SOLE | |||
| SUNRISE RLTY TR INC | COM | 867981102 | $4,123,874 | 372,527 | SOLE | |||
| LANDSEA HOMES CORP | COM | 51509P103 | $3,659,400 | 570,000 | SOLE | |||
| BRIGHTSPIRE CAPITAL INC | COM CL A | 10949T109 | $3,336,000 | 600,000 | SOLE | |||
| FIRSTCASH HOLDINGS INC | COM | 33768G107 | $2,996,810 | 24,907 | SOLE | |||
| CADIZ INC | COM NEW | 127537207 | $2,893,375 | 987,500 | SOLE | |||
| ARQ INC | COM | 00770C101 | $2,892,529 | 693,652 | SOLE | |||
| BEAZER HOMES USA INC | COM NEW | 07556Q881 | $2,781,196 | 136,400 | SOLE | |||
| TSAKOS ENERGY NAVIGATION LTD | SHS | G9108L173 | $2,477,590 | 145,228 | SOLE | |||
| BOYD GAMING CORP | COM | 103304101 | $2,407,535 | 36,572 | SOLE | |||
| MFA FINL INC | COM | 55272X607 | $2,313,312 | 225,469 | SOLE | |||
| GRANITE PT MTG TR INC | COM STK | 38741L107 | $2,080,000 | 800,000 | SOLE | |||
| ARCHER AVIATION INC | COM CL A | 03945R102 | $2,077,371 | 292,176 | SOLE | |||
| ACRES COMMERCIAL REALTY CORP | COM NEW | 00489Q102 | $1,661,699 | 76,682 | SOLE | |||
| HELPORT AI LTD | *W EXP 03/31/202 | G4R52R111 | $374,877 | 1,320,918 | SOLE | |||
| SYNERGY CHC CORP | COM NEW | 87165D208 | $248,968 | 105,944 | SOLE |