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
DIAGEO PLC SPON ADR NEW 25243Q205 80 1 SH SOLE 0 1 0
CARLISLE COS INC COM 142339100 954,758 2,632 SH SOLE 0 2,632 0
BAIDU INC SPON ADR REP A 056752108 390,986 3,421 SH SOLE 0 3,421 0
ISHARES TR BB RAT CORP BD 46435U473 174,312 3,727 SH SOLE 0 3,727 0
SOUTHERN COPPER CORP COM 84265V105 1,241,777 7,126 SH SOLE 0 7,126 0
WILLIS LEASE FIN CORP COM 970646105 2,618,158 11,443 SH SOLE 0 11,443 0
NETFLIX INC. COM 64110L106 1,170,960 16,400 SH SOLE 0 16,400 0
MARRIOTT INTL INC NEW CL A 571903202 6,835,533 18,445 SH SOLE 0 18,445 0
PAR PAC HOLDINGS INC COM NEW 69888T207 1,330,218 23,720 SH SOLE 0 23,720 0
UNITI GROUP LLC COM SHS 912932100 289,445 25,235 SH SOLE 0 25,235 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 5,203,049 33,151 SH SOLE 0 33,151 0
ALLEGIANT TRAVEL CO COM 01748X102 4,020,274 34,186 SH SOLE 0 34,186 0
ECHOSTAR CORP CL A 278768106 4,770,500 47,000 SH Put SOLE 0 47,000 0
ECHOSTAR CORP CL A 278768106 4,777,199 47,066 SH SOLE 0 47,066 0
NCR ATLEOS CORPORATION COM SHS 63001N106 2,171,933 50,033 SH SOLE 0 50,033 0
UPWORK INC COM 91688F104 477,197 57,081 SH SOLE 0 57,081 0
BROADCOM INC COM 11135F101 23,861,334 63,167 SH SOLE 0 63,167 0
TIDEWATER INC NEW COM 88642R109 5,092,064 76,423 SH SOLE 0 76,423 0
MARSH & MCLENNAN COS INC COM 571748102 20,202,571 121,213 SH SOLE 0 121,213 0
RUSH ENTERPRISES INC CL A 781846209 9,421,926 129,094 SH SOLE 0 129,094 0
INVESTMENT MANAGERS SER TR I FPA GBL EQTY ETF 30254T577 5,839,733 145,470 SH SOLE 0 145,470 0
INVESTMENT MANAGERS SER TR I FPA SHT DURA GOV 30254T478 3,626,018 146,775 SH SOLE 0 146,775 0
PIONEER BANCORP INC MD COM 723561106 2,850,246 166,974 SH SOLE 0 166,974 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106 3,620,346 181,562 SH SOLE 0 181,562 0
WABTEC COM 929740108 50,966,532 189,045 SH SOLE 0 189,045 0
AERSALE CORPORATION COM 00810F106 1,319,148 208,726 SH SOLE 0 208,726 0
THERMO FISHER SCIENTIFIC INC COM 883556102 124,459,612 248,244 SH SOLE 0 248,244 0
VANGUARD INSTL INDEX FD 0 3 MO TR BI ETF 922040845 19,697,990 260,280 SH SOLE 0 260,280 0
WATERS CORP COM 941848103 100,572,227 268,164 SH SOLE 0 268,164 0
EQUIPMENTSHARE COM INC COM CL A 29445S100 5,617,137 285,714 SH SOLE 0 285,714 0
RESERVOIR MEDIA INC COM 76119X105 3,053,508 308,747 SH SOLE 0 308,747 0
LPL FINL HLDGS INC COM 50212V100 90,488,010 321,244 SH SOLE 0 321,244 0
INTUIT COM 461202103 86,642,604 331,964 SH SOLE 0 331,964 0
BIO RAD LABS INC CL A 090572207 117,990,408 401,861 SH SOLE 0 401,861 0
ORION S.A. COM L72967109 2,767,282 417,388 SH SOLE 0 417,388 0
SAP SE SPON ADR 803054204 85,596,701 555,426 SH SOLE 0 555,426 0
DANAHER CORP DEL COM 235851102 107,579,485 564,781 SH SOLE 0 564,781 0
ICON PUB LTD CO SHS G4705A100 105,359,110 606,523 SH SOLE 0 606,523 0
META PLATFORMS INC CL A 30303M102 382,971,858 679,884 SH SOLE 0 679,884 0
AON PLC SHS CL A G0403H108 226,002,620 681,367 SH SOLE 0 681,367 0
NXP SEMICONDUCTORS N V COM N6596X109 193,378,710 688,107 SH SOLE 0 688,107 0
WELLS FARGO & CO COM 949746101 64,866,037 784,923 SH SOLE 0 784,923 0
FERGUSON ENTERPRISES INC COMMON STOCK NEW 31488V107 186,736,465 786,822 SH SOLE 0 786,822 0
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107 52,960,530 827,379 SH SOLE 0 827,379 0
MARAVAI LIFESCIENCES HLDGS I COM CL A 56600D107 5,521,670 884,883 SH SOLE 0 884,883 0
UBER TECHNOLOGIES INC COM 90353T100 70,467,415 976,544 SH SOLE 0 976,544 0
PG&E CORP COM 69331C108 19,724,730 1,172,695 SH SOLE 0 1,172,695 0
STAGWELL INC COM CL A 85256A109 8,855,951 1,191,918 SH SOLE 0 1,191,918 0
VAIL RESORTS INC COM 91879Q109 177,670,168 1,304,959 SH SOLE 0 1,304,959 0
ALPHABET INC CAP STK CL C 02079K107 471,061,323 1,333,205 SH SOLE 0 1,333,205 0
GALLAGHER ARTHUR J & CO COM 363576109 306,772,095 1,336,290 SH SOLE 0 1,336,290 0
AMAZON COM INC COM 023135106 324,281,829 1,360,585 SH SOLE 0 1,360,585 0
ALPHABET INC CAP STK CL A 02079K305 503,362,078 1,408,518 SH SOLE 0 1,408,518 0
TE CONNECTIVITY PLC ORD SHS G87052109 312,718,279 1,551,105 SH SOLE 0 1,551,105 0
ANALOG DEVICES INC COM 032654105 634,878,628 1,598,506 SH SOLE 0 1,598,506 0
VORNADO RLTY TR SH BEN INT 929042109 66,171,807 1,683,761 SH SOLE 0 1,683,761 0
BECTON DICKINSON & CO COM 075887109 319,426,456 2,110,794 SH SOLE 0 2,110,794 0
PAYPAL HLDGS INC COM 70450Y103 92,312,406 2,137,851 SH SOLE 0 2,137,851 0
JEFFERIES FINANCIAL GROUP IN COM 47233W109 135,159,165 2,704,265 SH SOLE 0 2,704,265 0
MAGNUM ICE CREAM CO NV ORD SHS N5505D105 51,737,576 2,971,716 SH SOLE 0 2,971,716 0
CARMAX INC COM 143130102 159,122,950 3,008,564 SH SOLE 0 3,008,564 0
CITIGROUP INC COM NEW 172967424 422,235,247 3,016,828 SH SOLE 0 3,016,828 0
AMRIZE LTD SHS H2927K103 169,351,423 3,177,325 SH SOLE 0 3,177,325 0
FORTUNE BRANDS INNOVATIONS I COM 34964C106 210,007,268 3,825,269 SH SOLE 0 3,825,269 0
LIBERTY BROADBAND CORP COM SER C 530307305 154,384,705 4,641,753 SH SOLE 0 4,641,753 0
WAYFAIR INC NOTE 1.000% 8/1 94419LAF8 4,859,541 4,934,000 PRN SOLE 0 4,934,000 0
NCR VOYIX CORPORATION COM 62886E108 44,224,308 5,413,012 SH SOLE 0 5,413,012 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101 432,151,517 5,455,081 SH SOLE 0 5,455,081 0
NOV INC COM 62955J103 118,578,797 6,392,388 SH SOLE 0 6,392,388 0
CNH INDL N V SHS N20944109 80,278,621 7,148,586 SH SOLE 0 7,148,586 0
BAXTER INTL INC COM 071813109 162,418,851 7,618,145 SH SOLE 0 7,618,145 0
AVANTOR INC COM 05352A100 81,088,326 8,190,740 SH SOLE 0 8,190,740 0
COMCAST CORP NEW CL A 20030N101 213,012,101 8,676,664 SH SOLE 0 8,676,664 0
DOUGLAS EMMETT INC COM 25960P109 103,179,188 8,743,999 SH SOLE 0 8,743,999 0
ECHOSTAR CORP NOTE 3.875%11/3 278768AB2 114,192,866 36,570,974 PRN SOLE 0 36,570,974 0