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
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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
APPLE INC COM 037833100 206,839 815 SH SOLE 0 0 815
ARK 21SHARES BITCOIN ETF SHS BEN INT 040919102 4,019,143 178,708 SH SOLE 173,900 0 4,808
BLACKSTONE SECD LENDING FD COMMON STOCK 09261X102 592,250 25,000 SH SOLE 0 0 25,000
BLUE OWL CAPITAL CORPORATION COM 69121K104 4,313,400 390,000 SH SOLE 350,000 0 40,000
BLUE OWL TECHNOLOGY FIN CORP COMMON STOCK 095924106 5,002,871 403,783 SH SOLE 403,783 0 0
BWX TECHNOLOGIES INC COM 05605H100 204,490 1,000 SH SOLE 0 0 1,000
CAPITAL SOUTHWEST CORP COM 140501107 453,460 20,500 SH SOLE 0 0 20,500
ENERGY FUELS INC COM NEW 292671708 527,425 28,900 SH SOLE 0 0 28,900
FIDELITY COVINGTON TRUST MSCI COMMNTN SVC 316092873 554,224 8,136 SH SOLE 8,080 0 56
FIDELITY COVINGTON TRUST MSCI CONSM DIS 316092204 722,858 7,751 SH SOLE 7,715 0 36
FIDELITY COVINGTON TRUST MSCI FINLS IDX 316092501 674,622 9,610 SH SOLE 9,479 0 131
FIDELITY COVINGTON TRUST MSCI HLTH CARE I 316092600 337,517 4,797 SH SOLE 4,728 0 69
FIDELITY COVINGTON TRUST MSCI INDL INDX 316092709 732,565 8,467 SH SOLE 8,434 0 33
FIDELITY WISE ORIGIN BITCOIN SHS 315948109 2,430,470 41,173 SH SOLE 37,100 0 4,073
FS KKR CAP CORP COM 302635206 295,220 29,000 SH SOLE 0 0 29,000
GALAXY DIGITAL INC. CL A 36317J209 2,891,207 156,705 SH SOLE 17,110 0 139,595
GLOBAL X FDS GLOBAL X COPPER 37954Y830 1,246,948 16,332 SH SOLE 11,665 0 4,667
GOLUB CAP BDC INC COM 38173M102 759,600 60,000 SH SOLE 0 0 60,000
INVESCO QQQ TR UNIT SER 1 46090E103 1,023,340 1,773 SH SOLE 1,773 0 0
ISHARES BITCOIN TRUST ETF SHS BEN INT 46438F101 10,723,752 279,119 SH SOLE 215,464 0 63,655
ISHARES GOLD TR ISHARES NEW 464285204 2,501,099 28,370 SH SOLE 27,720 0 650
ISHARES SILVER TR ISHARES 46428Q109 1,754,605 25,750 SH SOLE 4,850 0 20,900
ISHARES TR 7-10 YR TRSY BD 464287440 857,624 8,986 SH SOLE 3,500 0 5,486
ISHARES TR CORE US AGGBD ET 464287226 776,986 7,827 SH SOLE 3,643 0 4,184
ISHARES TR ISHS 1-5YR INVS 464288646 281,774 5,361 SH SOLE 2,229 0 3,132
ISHARES TR RUS 1000 ETF 464287622 5,659,727 15,873 SH SOLE 8,657 0 7,216
ISHARES TR RUSSELL 3000 ETF 464287689 852,935 2,301 SH SOLE 0 0 2,301
ISHARES TR TRUST ISHARE 0-1 464288679 491,567 4,453 SH SOLE 1,789 0 2,664
LISTED FDS TR HORIZON KINETICS 53656F623 17,206,160 330,506 SH SOLE 284,010 0 46,496
MICROSOFT CORP COM 594918104 788,092 2,129 SH SOLE 0 0 2,129
MIDCAP FINANCIAL INVSTMNT CO COM NEW 03761U502 449,600 40,000 SH SOLE 0 0 40,000
SPDR GOLD TR GOLD SHS 78463V107 27,083,313 62,942 SH SOLE 42,597 0 20,345
SPROTT ASSET MANAGEMENT LP PHYSICAL PLATINU 85207Q104 416,204 26,800 SH SOLE 0 0 26,800
SPROTT ETF TRUST GOLD MINERS ETF 85210B102 1,238,036 16,400 SH SOLE 16,400 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 2,051,823 3,155 SH SOLE 2,284 0 871
TESLA INC COM 88160R101 710,043 1,910 SH SOLE 0 0 1,910
USA RARE EARTH INC COM 91733P107 132,328,574 8,743,216 SH SOLE 8,600,031 0 143,185
VANECK ETF TRUST GOLD MINERS ETF 92189F106 240,621 2,622 SH SOLE 922 0 1,700
VANECK ETF TRUST URANIUM AND NUCL 92189F601 1,194,847 8,971 SH SOLE 6,395 0 2,576
VANGUARD WORLD FD ENERGY ETF 92204A306 436,407 2,522 SH SOLE 2,395 0 127
VANGUARD WORLD FD INF TECH ETF 92204A702 1,949,430 2,794 SH SOLE 2,622 0 172