| EETEnergy Transfer LP | 8.26% | 11,000,000 | $137M | added+10% | +0.87 pp | 24 q |
| CCOOPMr. Cooper Group Inc. | 7.99% | 3,239,000 | $133M | held | — | 18 q |
| DDVNDevon Energy Corporation | 7.01% | 2,299,900 | $116M | held | — | 9 q |
| AAPOApollo Global Management, Inc. | 6.99% | 1,838,400 | $116M | held | — | 5 q |
| AASHAshland Inc. | 5.94% | 960,065 | $99M | added+10% | +0.12 pp | 27 q |
| LLADLithia Motors, Inc. | 5.66% | 410,753 | $94M | held | — | 8 q |
| WWSCWillScot Holdings Corporation Class A | 5.64% | 2,000,000 | $94M | held | — | 10 q |
| CCIThe Cigna Group | 5.55% | 360,873 | $92M | held | — | 18 q |
G GOOGLAlphabet Inc. Class A | 5.31% | 850,000 | $88M | trimmed−11% | +0.11 pp | 11 q |
M MSFTMicrosoft Corp | 4.26% | 245,705 | $71M | held | — | 30 q |
| RRRXRegal Rexnord Corporation | 3.94% | 464,666 | $65M | held | — | 2 q |
| MMPMP Materials Corp. | 3.78% | 2,225,000 | $63M | held | — | 10 q |
| PPXDPioneer Natural Resource Co. | 3.61% | 293,546 | $60M | added+59% | +0.99 pp | 9 q |
| MMIRMirion Technologies, Inc. | 3.32% | 6,448,573 | $55M | added+1% | +0.71 pp | 6 q |
| FFISVFiserv, Inc. | 3.03% | 445,000 | $50M | held | — | 15 q |
| VVRTVertiv Holdings Co Class A | 2.69% | 3,120,100 | $45M | added+6% | +0.21 pp | 11 q |
| AABRArbor Realty Trust, Inc. | 1.90% | 2,747,694 | $32M | added+9% | −0.16 pp | 34 q |
| MMSIMotorola Solutions, Inc. New | 1.88% | 109,000 | $31M | trimmed−12% | −0.10 pp | 11 q |
| LLVSLas Vegas Sands Corp. | 1.73% | 500,000 | $29M | held | — | 7 q |
| SSTKLSunOpta, Inc. | 1.48% | 3,191,594 | $25M | added+5% | −0.11 pp | 15 q |
| AADTADT Inc. | 1.31% | 3,000,000 | $22M | added×3.6 | +0.85 pp | 2 q |
| EEPDEnterprise Products Partners L.P. | 1.27% | 815,000 | $21M | added+3% | +0.09 pp | 2 q |
| CCCitigroup Inc. | 1.11% | 395,000 | $19M | held | — | 22 q |
V VOOVanguard S&P 500 ETF | 1.01% | 44,746 | $17M | held | — | 8 q |
| CunresolvedChimera Investment Corp | 0.89% | 2,542,328 | $15M | trimmed−11% | −0.11 pp | 32 q |
B BACBank of America Corporation | 0.69% | 400,000 | $11M | held | — | 5 q |
| EEFCEllington Financial Inc. | 0.48% | 646,300 | $8M | added+45% | +0.14 pp | 17 q |
| WWBDWarner Bros. Discovery, Inc. Series A | 0.45% | 496,947 | $8M | added+17% | +0.20 pp | 4 q |
| FunresolvedFinance Of America Cos Inc | 0.44% | 5,851,574 | $7M | added+5% | 0.00 pp | 8 q |
| TTDAYUSA TODAY Co., Inc. | 0.42% | 3,770,767 | $7M | added+31% | +0.06 pp | 37 q |
| CCCAPCrescent Capital BDC, Inc. | 0.34% | 419,978 | $6M | new | +0.34 pp | new |
| AASPUAspen Group Inc | 0.31% | 2,470,000 | $5M | held | — | 17 q |
E EFAiShares MSCI EAFE ETF | 0.28% | 65,750 | $5M | held | — | 8 q |
| OONITOnity Group Inc. | 0.15% | 90,000 | $2M | trimmed−10% | −0.04 pp | 24 q |
| CCTRACoterra Energy Inc. | 0.14% | 95,000 | $2M | trimmed−88% | −1.10 pp | 8 q |
| OOMFOneMain Holdings, Inc. | 0.14% | 62,824 | $2M | new | +0.14 pp | new |
| IIIshares Core Msci Europe ETF | 0.11% | 34,922 | $2M | held | — | 8 q |
| VVISNVistance Networks, Inc. | 0.10% | 265,710 | $2M | new | +0.10 pp | new |
| DDMACDiaMedica Therapeutics Inc. | 0.08% | 868,413 | $1M | added+7% | 0.00 pp | 10 q |
| VVGKVanguard FTSE Europe ETF | 0.07% | 20,162 | $1M | added+68% | +0.03 pp | 8 q |
| VVTEBVanguard Tax-Exempt Bond Index Fund | 0.04% | 12,876 | $652,298 | held | — | 2 q |
| EEWCiShares MSCI Canada ETF | 0.03% | 12,531 | $428,310 | held | — | 8 q |
| IIVWiShares S&P 500 Growth ETF | 0.03% | 7,087 | $452,788 | trimmed−69% | −0.05 pp | 8 q |
| EEWJiShares MSCI Japan ETF | 0.03% | 8,762 | $514,242 | added+48% | +0.01 pp | 8 q |
| UURTHiShares MSCI World ETF | 0.02% | 3,329 | $391,723 | held | — | 8 q |
| EEPPiShares MSCI Pacific ex Japan ETF | 0.02% | 7,610 | $333,242 | held | — | 8 q |
| IIEIiShares 3-7 Year Treasury Bond ETF | 0.02% | 2,917 | $343,185 | trimmed−27% | −0.01 pp | 4 q |
| SSHViShares Trust iShares 0-1 Year Treasury Bond ETF | 0.02% | 3,052 | $337,246 | new | +0.02 pp | new |
| SSCHOSchwab Short-Term U.S. Treasury ETF | 0.02% | 6,971 | $340,115 | new | +0.02 pp | new |
| VVGITVanguard Intermediate-Term Treasury ETF | 0.02% | 5,725 | $343,271 | trimmed−58% | −0.03 pp | 3 q |
| AAESAES Corporation | 0.00% | 900 | $21,672 | held | — | 14 q |
| BBBDCBarings BDC, Inc. | 0.00% | 2,643 | $20,985 | held | — | 10 q |
| VunresolvedVirgin Orbit Holdings Inc | 0.00% | 157,978 | $31,596 | trimmed−25% | 0.00 pp | 6 q |
| VunresolvedVirgin Orbit Holdings Inc | 0.00% | 121,501 | $5,735 | trimmed−25% | −0.02 pp | 5 q |
A AMZNAmazon.Com Inc | — | −115,000 | — | exited | −0.60 pp | — |
| FunresolvedFirst Eagle Alternative Capi | — | −2,150,410 | — | exited | −0.57 pp | — |
| SSDSandRidge Energy, Inc. | — | −262,754 | — | exited | −0.28 pp | — |
| IIEFiShares 7-10 Year Treasury Bond ETF | — | −6,506 | — | exited | −0.04 pp | — |
| SSMTSFSierra Metals Inc | — | −4,063,292 | — | exited | −0.04 pp | — |
| OOBDCBlue Owl Capital Corporation | — | −12,000 | — | exited | −0.01 pp | — |
