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
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BOX INC CL A 10316T104 6,519,265 193,450 SH SOLE 193,450 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 1,671,502 35,800 SH SOLE 35,800 0 0
CANTOR EQUITY PARTNERS I INC SHS CL A G1827K107 943,406 80,633 SH SOLE 80,633 0 0
CANTOR EQUITY PARTNERS II IN CL A ORD SHS G1827P106 295,110 27,000 SH SOLE 27,000 0 0
CASS INFORMATION SYS INC COM 14808P109 5,323,967 117,475 SH SOLE 117,475 0 0
CBL & ASSOC PPTYS INC COMMON STOCK 124830878 3,068,061 118,733 SH SOLE 118,733 0 0
CME GROUP INC COM 12572Q105 9,614,912 34,910 SH SOLE 34,910 0 0
GLOBAL BUSINESS TRAVEL GROUP COM CL A 37890B100 2,778,093 438,185 SH SOLE 438,185 0 0
GRINDR INC COM 39854F101 3,978,557 182,085 SH SOLE 182,085 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 3,465,281 12,884 SH SOLE 12,884 0 0
IDT CORP CL B NEW 448947507 5,531,730 80,170 SH SOLE 80,170 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 10,356,122 183,880 SH SOLE 183,880 0 0
LIBERTY MEDIA CORP DEL COM LBTY LIV S C 531229722 5,774,173 71,827 SH SOLE 71,827 0 0
MONARCH CASINO & RESORT INC COM 609027107 5,835,505 65,656 SH SOLE 65,656 0 0
NEW YORK TIMES CO CL A 650111107 6,237,341 110,650 SH SOLE 110,650 0 0
PHILIP MORRIS INTL INC COM 718172109 5,845,175 32,925 SH SOLE 32,925 0 0
SITE CTRS CORP COM 82981J851 2,027,299 176,594 SH SOLE 176,594 0 0
SOMNIGROUP INTERNATIONAL INC COM 88023U101 5,697,158 81,750 SH SOLE 81,750 0 0
SONIDA SENIOR LIVING INC COM 140475203 4,783,439 198,072 SH SOLE 198,072 0 0
SPDR GOLD TR GOLD SHS 78463V107 3,609,099 11,735 SH SOLE 11,735 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 10,187,302 14,103 SH SOLE 14,103 0 0
WHITESTONE REIT COM 966084204 14,348,331 1,145,205 SH SOLE 1,145,205 0 0
YEXT INC COM 98585N106 1,839,843 219,814 SH SOLE 219,814 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 2,790,030 40,179 SH SOLE 40,179 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 3,546,400 49,600 SH SOLE 49,600 0 0