<?xml version="1.0" encoding="UTF-8" standalone="yes"?>
<ns1:proxyVoteTable xmlns:ns1="http://www.sec.gov/edgar/document/npxproxy/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
	<ns1:proxyTable>
		<ns1:issuerName>ADVANSIX INC</ns1:issuerName>
		<ns1:cusip>00773T101</ns1:cusip>
		<ns1:meetingDate>06/22/2026</ns1:meetingDate>
		<ns1:voteDescription>An advisory vote to approve executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>50000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>50000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>AMAZON.COM, INC.</ns1:issuerName>
		<ns1:cusip>023135106</ns1:cusip>
		<ns1:meetingDate>05/20/2026</ns1:meetingDate>
		<ns1:voteDescription>ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>44341</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>44341</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>AMENTUM HOLDINGS,
INC</ns1:issuerName>
		<ns1:cusip>023939101</ns1:cusip>
		<ns1:meetingDate>02/06/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve the Company's named executive officer
compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>70000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>70000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>AMRIZE LTD</ns1:issuerName>
		<ns1:cusip>H2927K103</ns1:cusip>
		<ns1:meetingDate>04/21/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve the compensation of the Named
Executive Officers for fiscal year 2025 ("Say on Pay Vote")</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>75000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>75000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>AMRIZE LTD</ns1:issuerName>
		<ns1:cusip>H2927K103</ns1:cusip>
		<ns1:meetingDate>04/21/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote on the frequency of ''Say on Pay Vote''</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>75000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>1 YEAR</ns1:howVoted>
				<ns1:sharesVoted>75000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>API GROUP
CORPORATION</ns1:issuerName>
		<ns1:cusip>00187Y100</ns1:cusip>
		<ns1:meetingDate>05/15/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve, on an advisory basis, the compensation of our named
executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>90000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>90000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>API GROUP
CORPORATION</ns1:issuerName>
		<ns1:cusip>00187Y100</ns1:cusip>
		<ns1:meetingDate>05/15/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve, on an advisory basis, the frequency of future advisory
votes to approve the compensation of our named executive
officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>90000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>1 YEAR</ns1:howVoted>
				<ns1:sharesVoted>90000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>AUTONATION, INC.</ns1:issuerName>
		<ns1:cusip>05329W102</ns1:cusip>
		<ns1:meetingDate>04/28/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve named executive officer compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>35000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>35000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>BUNGE GLOBAL SA</ns1:issuerName>
		<ns1:cusip>H11356104</ns1:cusip>
		<ns1:meetingDate>05/20/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory Vote to Approve Named Executive Officer Compensation
Under U.S. Securities Law Requirements.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>14999</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>14999</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>BUNGE GLOBAL SA</ns1:issuerName>
		<ns1:cusip>H11356104</ns1:cusip>
		<ns1:meetingDate>05/20/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory Vote on the Swiss Compensation Report</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>14999</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>14999</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>CHEVRON CORPORATION</ns1:issuerName>
		<ns1:cusip>166764100</ns1:cusip>
		<ns1:meetingDate>05/27/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory Vote to Approve Named Executive Officer Compensation</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>25000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>25000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>CLEAN HARBORS, INC.</ns1:issuerName>
		<ns1:cusip>184496107</ns1:cusip>
		<ns1:meetingDate>05/20/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve on a non-binding, advisory basis, the compensation of
the Company's named executive officers as described in the
Company's definitive proxy statement.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>20000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>20000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>CONSTELLATION
ENERGY CORP</ns1:issuerName>
		<ns1:cusip>21037T109</ns1:cusip>
		<ns1:meetingDate>04/28/2026</ns1:meetingDate>
		<ns1:voteDescription>To consider and act on an advisory vote regarding the approval of
compensation paid to named executive officers</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>17500</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>17500</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>CRANE COMPANY</ns1:issuerName>
		<ns1:cusip>224408104</ns1:cusip>
		<ns1:meetingDate>04/27/2026</ns1:meetingDate>
		<ns1:voteDescription>Say on Pay - An advisory vote to approve the compensation paid
to certain executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>35000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>35000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>DARLING INGREDIENTS
INC.</ns1:issuerName>
		<ns1:cusip>237266101</ns1:cusip>
		<ns1:meetingDate>05/07/2026</ns1:meetingDate>
		<ns1:voteDescription>Approve, on an advisory basis, executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>75000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>75000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>EQT CORPORATION</ns1:issuerName>
		<ns1:cusip>26884L109</ns1:cusip>
		<ns1:meetingDate>04/14/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve named executive officer compensation</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>66402</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>66402</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>FIRST AMERICAN
FINANCIAL
CORPORATION</ns1:issuerName>
		<ns1:cusip>31847R102</ns1:cusip>
		<ns1:meetingDate>05/12/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>90000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>90000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>GROCERY OUTLET
HOLDING CORP.</ns1:issuerName>
		<ns1:cusip>39874R101</ns1:cusip>
		<ns1:meetingDate>06/01/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve an advisory (non-binding) vote on the Company's
named executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>50000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>50000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>GROCERY OUTLET
HOLDING CORP.</ns1:issuerName>
		<ns1:cusip>39874R101</ns1:cusip>
		<ns1:meetingDate>06/01/2026</ns1:meetingDate>
		<ns1:voteDescription>To provide an advisory (non-binding) vote on the frequency of
advisory votes on executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>50000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>1 YEAR</ns1:howVoted>
				<ns1:sharesVoted>50000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>JAMES HARDIE
INDUSTRIES PLC</ns1:issuerName>
		<ns1:cusip>G4253H101</ns1:cusip>
		<ns1:meetingDate>10/29/2025</ns1:meetingDate>
		<ns1:voteDescription>To receive and consider the remuneration report for fiscal year
2025</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>90000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>90000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>KIRBY CORPORATION</ns1:issuerName>
		<ns1:cusip>497266106</ns1:cusip>
		<ns1:meetingDate>04/27/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote on the approval of the compensation of Kirby's
named executive officers</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>22115</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>22115</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>KODIAK SCIENCES INC.</ns1:issuerName>
		<ns1:cusip>50015M109</ns1:cusip>
		<ns1:meetingDate>06/02/2026</ns1:meetingDate>
		<ns1:voteDescription>Approve, on an advisory basis, the compensation of Kodiak's
named executive officers, as disclosed in the proxy statement.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>99992</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>99992</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>LUNDIN GOLD INC.</ns1:issuerName>
		<ns1:cusip>550371108</ns1:cusip>
		<ns1:meetingDate>05/08/2026</ns1:meetingDate>
		<ns1:voteDescription>To authorize and approve in a non-binding, advisory manner the
Say on Pay Resolution as presented in the Company's
Management Information Circular dated March 20, 2026.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>66402</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>66402</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>MONTANA AEROSPACE
AG</ns1:issuerName>
		<ns1:cusip>H55555108</ns1:cusip>
		<ns1:meetingDate>05/19/2026</ns1:meetingDate>
		<ns1:voteDescription>ADVISORY VOTE ON THE COMPENSATION REPORT 2025</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>0</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>NO VOTE</ns1:howVoted>
				<ns1:sharesVoted>0</ns1:sharesVoted>
				<ns1:managementRecommendation>NONE</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>NVIDIA CORPORATION</ns1:issuerName>
		<ns1:cusip>67066G104</ns1:cusip>
		<ns1:meetingDate>06/24/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory approval of our executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>35000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>35000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>OLLIE'S BARGAIN
OUTLET HOLDINGS, INC.</ns1:issuerName>
		<ns1:cusip>681116109</ns1:cusip>
		<ns1:meetingDate>06/11/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve a non-binding advisory proposal regarding named
executive officer compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>22524</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>22524</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>ORACLE CORPORATION</ns1:issuerName>
		<ns1:cusip>68389X105</ns1:cusip>
		<ns1:meetingDate>11/18/2025</ns1:meetingDate>
		<ns1:voteDescription>Advisory Vote to Approve the Compensation of our Named
Executive Officers</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>8000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>8000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>ORUKA THERAPEUTICS,
INC.</ns1:issuerName>
		<ns1:cusip>687604108</ns1:cusip>
		<ns1:meetingDate>06/02/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve, on a non-binding, advisory basis, the compensation of
our named executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>12500</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>12500</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>PRYSMIAN S.P.A.</ns1:issuerName>
		<ns1:cusip>T7630L105</ns1:cusip>
		<ns1:meetingDate>04/16/2026</ns1:meetingDate>
		<ns1:voteDescription>CONSULTATIVE VOTE ON THE FEES PAID IN THE 2025
FINANCIAL YEAR</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>13000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>13000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>QUANTA SERVICES, INC.</ns1:issuerName>
		<ns1:cusip>74762E102</ns1:cusip>
		<ns1:meetingDate>05/21/2026</ns1:meetingDate>
		<ns1:voteDescription>Approval, by non-binding advisory vote, of the compensation of
Quanta's named executive officers for fiscal year 2025;</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>3500</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>3500</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SERVICENOW, INC.</ns1:issuerName>
		<ns1:cusip>81762P102</ns1:cusip>
		<ns1:meetingDate>05/21/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve ServiceNow's named executive officer
compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>44157</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>44157</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SERVICENOW, INC.</ns1:issuerName>
		<ns1:cusip>81762P102</ns1:cusip>
		<ns1:meetingDate>05/21/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote on the frequency of future advisory votes on
executive officer compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>44157</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>1 YEAR</ns1:howVoted>
				<ns1:sharesVoted>44157</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SLB N.V.</ns1:issuerName>
		<ns1:cusip>806857108</ns1:cusip>
		<ns1:meetingDate>04/08/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory approval of our executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>40000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>40000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SOLSTICE ADVANCED
MATERIALS INC.</ns1:issuerName>
		<ns1:cusip>83443Q103</ns1:cusip>
		<ns1:meetingDate>05/22/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory, non-binding vote to approve executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>10000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>10000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SOLSTICE ADVANCED
MATERIALS INC.</ns1:issuerName>
		<ns1:cusip>83443Q103</ns1:cusip>
		<ns1:meetingDate>05/22/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory, non-binding vote to approve the frequency of future
advisory votes on executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>10000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>1 YEAR</ns1:howVoted>
				<ns1:sharesVoted>10000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SPRUCE BIOSCIENCES,
INC.</ns1:issuerName>
		<ns1:cusip>85209E208</ns1:cusip>
		<ns1:meetingDate>05/21/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve, on an advisory basis, the compensation of the
Company's named executive officers, as disclosed in the Proxy
Statement.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>4000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>4000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>SPRUCE BIOSCIENCES,
INC.</ns1:issuerName>
		<ns1:cusip>85209E208</ns1:cusip>
		<ns1:meetingDate>05/21/2026</ns1:meetingDate>
		<ns1:voteDescription>To indicate, on an advisory basis, the preferred frequency of
stockholder advisory votes on the compensation of the Company's
named executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>4000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>1 YEAR</ns1:howVoted>
				<ns1:sharesVoted>4000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>TELEPHONE AND DATA
SYSTEMS, INC.</ns1:issuerName>
		<ns1:cusip>879433829</ns1:cusip>
		<ns1:meetingDate>05/21/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory vote to approve executive compensation</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>70000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>70000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>TEXAS INSTRUMENTS
INCORPORATED</ns1:issuerName>
		<ns1:cusip>882508104</ns1:cusip>
		<ns1:meetingDate>04/16/2026</ns1:meetingDate>
		<ns1:voteDescription>Board proposal regarding advisory approval of the Company's
executive compensation.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>20000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>20000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>THE ANDERSONS, INC.</ns1:issuerName>
		<ns1:cusip>034164103</ns1:cusip>
		<ns1:meetingDate>05/07/2026</ns1:meetingDate>
		<ns1:voteDescription>An advisory vote on executive compensation, approving the
resolution provided in the proxy statement.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>260000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>260000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>THE CHARLES SCHWAB
CORPORATION</ns1:issuerName>
		<ns1:cusip>808513105</ns1:cusip>
		<ns1:meetingDate>05/21/2026</ns1:meetingDate>
		<ns1:voteDescription>Advisory approval of named executive officer compensation</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>85000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>85000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>THE WILLIAMS
COMPANIES, INC.</ns1:issuerName>
		<ns1:cusip>969457100</ns1:cusip>
		<ns1:meetingDate>04/28/2026</ns1:meetingDate>
		<ns1:voteDescription>Approve, on an Advisory Basis, the Compensation of our Named
Executive Officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>49983</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>49983</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>UNITED AIRLINES
HOLDINGS, INC.</ns1:issuerName>
		<ns1:cusip>910047109</ns1:cusip>
		<ns1:meetingDate>05/19/2026</ns1:meetingDate>
		<ns1:voteDescription>A vote to approve, on a nonbinding advisory basis, the
compensation of our named executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>20000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>20000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>UNIVERSAL TECHNICAL
INSTITUTE, INC.</ns1:issuerName>
		<ns1:cusip>913915104</ns1:cusip>
		<ns1:meetingDate>03/12/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve, on an advisory basis, the compensation of the
Company's named executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>90000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>90000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
	<ns1:proxyTable>
		<ns1:issuerName>VISTRA CORP.</ns1:issuerName>
		<ns1:cusip>92840M102</ns1:cusip>
		<ns1:meetingDate>04/29/2026</ns1:meetingDate>
		<ns1:voteDescription>To approve, on a non-binding advisory basis, the 2025
compensation of the Company's named executive officers.</ns1:voteDescription>
		<ns1:voteCategories>
			<ns1:voteCategory>
				<ns1:categoryType>SECTION 14A SAY-ON-PAY VOTES</ns1:categoryType>
			</ns1:voteCategory>
		</ns1:voteCategories>
		<ns1:voteSource>ISSUER</ns1:voteSource>
		<ns1:sharesVoted>20000</ns1:sharesVoted>
		<ns1:sharesOnLoan>0</ns1:sharesOnLoan>
		<ns1:vote>
			<ns1:voteRecord>
				<ns1:howVoted>FOR</ns1:howVoted>
				<ns1:sharesVoted>20000</ns1:sharesVoted>
				<ns1:managementRecommendation>FOR</ns1:managementRecommendation>
			</ns1:voteRecord>
		</ns1:vote>
	</ns1:proxyTable>
</ns1:proxyVoteTable>
