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
GLASS HOUSE BRANDS INC SUB REG LTD VTG 377130406 489,600 60,000 SH SOLE 60,000 0 0
ACV AUCTIONS INC COM CL A 00091G104 296,800 70,000 SH SOLE 70,000 0 0
ALPHABET INC CAP STK CL C 02079K107 5,622,456 19,600 SH SOLE 19,600 0 0
ALPHABET INC CAP STK CL A 02079K305 2,933,112 10,200 SH SOLE 10,200 0 0
AMC ENTMT HLDGS INC CL A NEW 00165C302 139,160 142,000 SH SOLE 142,000 0 0
AMENTUM HOLDINGS INC COM 023939101 813,592 31,196 SH SOLE 31,196 0 0
AMN HEALTHCARE SVCS INC COM 001744101 1,595,580 87,000 SH SOLE 87,000 0 0
APPLIED DIGITAL CORP COM NEW 038169207 132,379,819 5,576,235 SH SOLE 5,576,235 0 0
ASTERA LABS INC COM 04626A103 372,640 3,400 SH SOLE 3,400 0 0
BEYOND MEAT INC COM 08862E109 478,070 681,400 SH SOLE 681,400 0 0
BRC GROUP HOLDINGS INC COM 05580M108 23,628,001 3,227,869 SH SOLE 3,227,869 0 0
CADIZ INC COM NEW 127537207 226,056 46,040 SH SOLE 46,040 0 0
CARVANA CO CL A 146869102 251,504 800 SH SOLE 800 0 0
CIRCLE INTERNET GROUP INC COM CL A 172573107 209,902 2,200 SH SOLE 2,200 0 0
COREWEAVE INC COM CL A 21873S108 232,410 3,000 SH SOLE 3,000 0 0
DRIVEN BRANDS HLDGS INC COM 26210V102 1,891,500 150,000 SH SOLE 150,000 0 0
ENERFLEX LTD COM 29269R105 502,080 24,000 SH SOLE 24,000 0 0
EURONET WORLDWIDE INC COM 298736109 1,227,845 18,500 SH SOLE 18,500 0 0
FERROGLOBE PLC SHS G33856108 1,895,200 460,000 SH SOLE 460,000 0 0
GAMESTOP CORP CL A 36467W109 645,120 28,000 SH SOLE 28,000 0 0
GENESIS ENERGY L P UNIT LTD PARTN 371927104 1,292,675 72,500 SH SOLE 72,500 0 0
GOLAR LNG LTD SHS G9456A100 649,320 12,000 SH SOLE 12,000 0 0
INTEL CORP COM 458140100 79,434 1,800 SH SOLE 1,800 0 0
IREN LIMITED ORDINARY SHARES Q4982L109 1,223,796 35,700 SH SOLE 35,700 0 0
JANUS INTERNATIONAL GROUP IN COMMON STOCK 47103N106 206,000 40,000 SH SOLE 40,000 0 0
KAYNE ANDERSON BDC INC COM SHS 48662X105 1,673,813 121,998 SH SOLE 121,998 0 0
LIFECORE BIOMEDICAL INC COM 514766104 279,000 75,000 SH SOLE 75,000 0 0
MAGNITE INC COM 55955D100 1,782,000 150,000 SH SOLE 150,000 0 0
MICROSOFT CORP COM 594918104 3,183,462 8,600 SH SOLE 8,600 0 0
NVIDIA CORPORATION COM 67066G104 1,046,400 6,000 SH SOLE 6,000 0 0
OLIN CORP COM PAR $1 680665205 1,783,800 60,000 SH SOLE 60,000 0 0
ORION S.A. COM L72967109 256,750 39,500 SH SOLE 39,500 0 0
RYERSON HLDG CORP COM 783754104 786,800 35,000 SH SOLE 35,000 0 0
SEQUANS COMMUNICATIONS S A SPONSORED ADS 817323405 3,542,281 1,400,111 SH SOLE 1,400,111 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 1,300,680 2,000 SH SOLE 2,000 0 0
STRATEGY INC CL A NEW 594972408 1,148,160 9,200 SH SOLE 9,200 0 0
SUPER MICRO COMPUTER INC COM NEW 86800U302 1,320,660 58,000 SH SOLE 58,000 0 0
THE REAL BROKERAGE INC COM NEW 75585H206 750,000 300,000 SH SOLE 300,000 0 0
XPONENTIAL FITNESS INC COM CL A 98422X101 799,920 132,877 SH SOLE 132,877 0 0