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
ATLASSIAN CORPORATION CL A 049468101 3,127,556 45,825 SH SOLE 45,825 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 8,654,672 572,399 SH SOLE 572,399 0 0
BV FINL INC COM NEW 05603E208 604,173 31,566 SH SOLE 31,566 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305 5,929,271 85,658 SH SOLE 85,658 0 0
CINEMARK HLDGS INC COM 17243V102 6,548,958 229,627 SH SOLE 229,627 0 0
COMSTOCK HLDG COS INC CL A NEW 205684202 1,368,964 72,279 SH SOLE 72,279 0 0
COPART INC COM 217204106 3,142,446 94,652 SH SOLE 94,652 0 0
CORNING INC COM 219350105 271,940 2,000 SH Put SOLE 2,000 0 0
DISNEY WALT CO COM 254687106 4,624,823 47,985 SH SOLE 47,985 0 0
DOUGLAS ELLIMAN INC COM 25961D105 2,243,632 1,368,068 SH SOLE 1,368,068 0 0
FIRST CTZNS BANCSHARES INC D CL A 31946M103 11,831,944 6,278 SH SOLE 6,278 0 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106 1,946,934 402,259 SH SOLE 402,259 0 0
FLOOR & DECOR HLDGS INC CL A 339750101 3,934,511 77,451 SH SOLE 77,451 0 0
GREENFIRE RES LTD NEW COM SHS 39525U107 4,238,906 670,713 SH SOLE 670,713 0 0
INTUIT COM 461202103 2,319,719 5,365 SH SOLE 5,365 0 0
ISHARES SILVER TR ISHARES 46428Q109 2,589,320 38,000 SH Put SOLE 38,000 0 0
LANDS END INC NEW COM 51509F105 1,041,307 92,643 SH SOLE 92,643 0 0
MARCUS CORP DEL COM 566330106 8,666,940 504,772 SH SOLE 504,772 0 0
MICRON TECHNOLOGY INC COM 595112103 405,408 1,200 SH Put SOLE 1,200 0 0
MICROSOFT CORP COM 594918104 1,073,493 2,900 SH SOLE 2,900 0 0
MILLROSE PPTYS INC COM CL A 601137102 928,200 33,150 SH SOLE 33,150 0 0
NACCO INDS INC CL A 629579103 1,072,037 20,628 SH SOLE 20,628 0 0
NATURAL RESOURCE PARTNERS LP COM UNIT LTD PAR 63900P608 25,345,476 209,467 SH SOLE 209,467 0 0
NETFLIX INC. COM 64110L106 3,955,130 41,135 SH SOLE 41,135 0 0
NVR INC COM 62944T105 1,219,119 185 SH SOLE 185 0 0
PITNEY BOWES INC COM 724479100 12,251,855 1,108,765 SH SOLE 1,108,765 0 0
PITNEY BOWES INC COM 724479100 455,260 41,200 SH Call SOLE 41,200 0 0
PULTE GROUP INC COM 745867101 274,763 2,336 SH SOLE 2,336 0 0
RAVE RESTAURANT GROUP INC COM 754198109 425,243 160,469 SH SOLE 160,469 0 0
SR BANCORP INC COM 85227J106 3,933,017 232,999 SH SOLE 232,999 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,523,521 9,326 SH SOLE 9,326 0 0
VISA INC COM CL A 92826C839 4,591,812 15,193 SH SOLE 15,193 0 0
WALMART INC COM 931142103 1,976,052 15,900 SH Put SOLE 15,900 0 0
WORKDAY INC CL A 98138H101 1,152,131 8,868 SH SOLE 8,868 0 0