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
AIRBNB INC COM CL A 009066101 1,276,595 8,921 SH SOLE 8,921 0 0
ALLIANCE RESOURCE PARTNERS L UT LTD PART 01877R108 4,483,804 186,981 SH SOLE 186,981 0 0
AMERIPRISE FINL INC COM 03076C106 2,031,389 4,428 SH SOLE 4,428 0 0
ARBOR REALTY TRUST INC COM 038923108 3,311,620 611,000 SH SOLE 611,000 0 0
BLOOMIN BRANDS INC COM 094235108 23,635,208 2,585,909 SH SOLE 2,522,059 0 63,850
BOISE CASCADE CO DEL COM 09739D100 2,872,310 37,000 SH SOLE 37,000 0 0
BREAD FINANCIAL HOLDINGS INC COM 018581108 14,388,663 132,798 SH SOLE 131,733 0 1,065
BRISTOL-MYERS SQUIBB CO COM 110122108 4,004,590 69,500 SH SOLE 69,500 0 0
BUILD-A-BEAR WORKSHOP INC COM 120076104 4,088,486 133,567 SH SOLE 133,567 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 1,710,410 19,115 SH SOLE 19,115 0 0
CAL MAINE FOODS INC COM NEW 128030202 4,994,720 62,000 SH SOLE 62,000 0 0
CARLYLE GROUP INC COM 14316J108 1,684,400 40,000 SH SOLE 40,000 0 0
CHORD ENERGY CORPORATION COM NEW 674215207 7,897,673 69,096 SH SOLE 69,096 0 0
CITI TRENDS INC COM 17306X102 3,134,928 54,200 SH SOLE 54,200 0 0
CONDUENT INC COM 206787103 18,959,706 12,986,100 SH SOLE 12,546,600 0 439,500
COTY INC COM CL A 222070203 8,462,243 3,917,705 SH SOLE 3,839,205 0 78,500
COUPANG INC CL A 22266T109 1,113,834 64,124 SH SOLE 64,124 0 0
CRESCENT ENERGY COMPANY CL A COM 44952J104 20,550,108 2,092,679 SH SOLE 2,060,254 0 32,425
CROCS INC COM 227046109 3,481,188 28,856 SH SOLE 28,856 0 0
CTO RLTY GROWTH INC NEW COM 22948Q101 11,613,249 539,900 SH SOLE 539,900 0 0
DAUCH CORP COM 024061103 12,368,928 2,282,090 SH SOLE 2,223,090 0 59,000
DIREXION SHARES ETF TRUST DAILY 500 2X ETF 25459Y165 24,596,449 114,078 SH SOLE 114,078 0 0
FIGURE TECHNOLOGY SOLUTIO COM CL A 349381103 2,753,704 89,668 SH SOLE 89,668 0 0
FOSSIL GROUP INC COM 34988V106 8,873,862 2,143,445 SH SOLE 2,048,445 0 95,000
GRAY MEDIA INC COM 389375106 28,756,258 7,243,390 SH SOLE 7,025,840 0 217,550
ITURAN LOCATION AND CONTROL SHS M6158M104 8,157,037 133,700 SH SOLE 133,700 0 0
JACKSON FINANCIAL INC COM CL A 46817M107 8,205,739 80,142 SH SOLE 79,192 0 950
JELD-WEN HLDG INC COM 47580P103 10,708,642 7,139,095 SH SOLE 6,966,095 0 173,000
LINCOLN NATL CORP IND COM 534187109 21,321,706 603,160 SH SOLE 593,675 0 9,485
LITHIA MTRS INC COM 536797103 787,809 2,712 SH SOLE 2,712 0 0
LYONDELLBASELL INDUSTRIES NV SHS - A - N53745100 2,000,700 38,000 SH SOLE 38,000 0 0
MAPLEBEAR INC COM 565394103 2,161,291 45,645 SH SOLE 45,645 0 0
MERCADOLIBRE INC COM 58733R102 2,905,932 1,712 SH SOLE 1,712 0 0
META PLATFORMS INC CL A 30303M102 3,611,815 6,412 SH SOLE 6,412 0 0
MILLROSE PPTYS INC COM CL A 601137102 6,890,465 229,300 SH SOLE 229,300 0 0
NABORS INDUSTRIES LTD SHS G6359F137 37,423,095 445,460 SH SOLE 431,195 0 14,265
ONEMAIN HLDGS INC COM 68268W103 5,056,913 82,941 SH SOLE 82,941 0 0
PERDOCEO ED CORP COM 71363P106 1,289,216 40,288 SH SOLE 40,288 0 0
PINTEREST INC CL A 72352L106 1,216,796 57,860 SH SOLE 57,860 0 0
QUAD / GRAPHICS INC COM CL A 747301109 21,397,861 2,538,299 SH SOLE 2,477,049 0 61,250
RESIDEO TECHNOLOGIES INC COM 76118Y104 2,143,754 68,931 SH SOLE 68,931 0 0
SHARKNINJA INC COM SHS G8068L108 903,266 5,932 SH SOLE 5,932 0 0
SHIFT4 PMTS INC CL A 82452J109 1,457,498 29,965 SH SOLE 29,965 0 0
STRATEGY INC CL A NEW 594972408 4,364,147 50,203 SH SOLE 50,203 0 0
TECHNIPFMC PLC COM G87110105 210,171 3,170 SH SOLE 1,930 0 1,240
TUTOR PERINI CORP COM 901109108 204,936 2,470 SH SOLE 1,495 0 975
UGI CORP NEW COM 902681105 4,179,340 121,000 SH SOLE 121,000 0 0
UNITED NAT FOODS INC COM 911163103 214,877 4,705 SH SOLE 2,855 0 1,850
UNITED PARCEL SVCS INC CL B 911312106 12,470,322 116,003 SH SOLE 116,003 0 0
UPBOUND GROUP INC COM 76009N100 5,474,760 258,000 SH SOLE 258,000 0 0
USA TODAY CO INC COM 36472T109 11,979,234 1,401,080 SH SOLE 1,334,480 0 66,600
VERIZON COMMUNICATIONS INC COM 92343V104 7,113,120 168,000 SH SOLE 168,000 0 0
VIATRIS INC COM 92556V106 11,642,644 733,164 SH SOLE 733,164 0 0
VROOM INC COM NEW 92918V307 450,358 58,488 SH SOLE 58,488 0 0
WESTERN ALLIANCE BANCORP COM 957638109 3,432,261 41,755 SH SOLE 40,640 0 1,115
ZIFF DAVIS INC COM 48123V102 2,650,027 50,602 SH SOLE 50,602 0 0