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
ADEIA INC COM 00676P107 500,536 15,200 SH SOLE 15,200 0 0
APARTMENT INVT & MGMT CO CL A 03748R747 1,423,646 479,342 SH SOLE 479,342 0 0
APOLLO GLOBAL MGMT INC COM 03769M106 7,257,017 61,339 SH SOLE 61,339 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101 9,450,553 84,903 SH SOLE 84,903 0 0
BROOKFIELD RENEWABLE ENERGY PARTNERSHIP UNIT G16258108 6,246,920 179,871 SH SOLE 179,871 0 0
CENTURI HOLDINGS INC COM SHS 155923105 16,061,916 531,148 SH SOLE 531,148 0 0
COMSTOCK INC COM SHS 205750409 9,346,010 2,246,637 SH SOLE 2,246,637 0 0
CORE SCIENTIFIC INC NEW COM 21874A106 15,932,001 622,587 SH SOLE 622,587 0 0
DUOS TECHNOLOGIES GROUP INC COM 266042407 14,629,464 1,219,122 SH SOLE 1,219,122 0 0
EBAY INC. COM 278642103 10,392,750 93,000 SH SOLE 93,000 0 0
ECHOSTAR CORP CL A 278768106 15,567,766 153,377 SH SOLE 153,377 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 4,063,229 212,512 SH SOLE 212,512 0 0
FTAI AVIATION LTD SHS G3730V105 36,031,891 133,190 SH SOLE 133,190 0 0
GREAT ELM CAP CORP COM NEW 390320703 2,092,642 383,971 SH SOLE 383,971 0 0
GREAT ELM GROUP INC COM NEW 39037G109 9,250,106 4,243,168 SH SOLE 4,243,168 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 18,038,045 399,868 SH SOLE 399,868 0 0
HUT 8 CORP COM 44812J104 15,857,063 137,356 SH SOLE 137,356 0 0
HYPERLIQUID STRATEGIES INC COM 44916Y106 2,754,500 350,000 SH SOLE 350,000 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108 4,222,639 15,290 SH SOLE 15,290 0 0
NEWS CORP NEW CL A 65249B109 33,294,001 1,340,878 SH SOLE 1,340,878 0 0
NEWS CORP NEW CL B 65249B208 3,941,280 140,459 SH SOLE 140,459 0 0
SPHERE ENTERTAINMENT CO CL A 55826T102 2,595,450 15,000 SH SOLE 15,000 0 0
STRATA CRITICAL MEDICAL INC CL A COM 092667104 25,773,378 4,890,584 SH SOLE 4,890,584 0 0
TERAWULF INC COM 88080T104 19,107,772 773,594 SH SOLE 773,594 0 0
TKO GROUP HOLDINGS INC CL A 87256C101 33,166,628 164,754 SH SOLE 164,754 0 0
YUM BRANDS INC COM 988498101 6,394,400 40,000 SH SOLE 40,000 0 0
ZOOM COMMUNICATIONS INC CL A 98980L101 13,554,899 157,049 SH SOLE 157,049 0 0