Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES TR	2,000	$56M	34.5%	—	—	PUT	464287955
FTAI	FTAI AVIATION LTD	143,941	$38.94M	24.0%	—	—	SHS	G3730V105
APG	API GROUP CORP	240,726	$10.19M	6.3%	—	—	COM STK	00187Y100
NBIS	NEBIUS GROUP N.V.	24,357	$6.727M	4.1%	—	—	SHS CLASS A	N97284108
CRH	CRH PLC	62,791	$6.719M	4.1%	—	—	ORD	G25508105
KINS	KINGSTONE COS INC	304,701	$5.798M	3.6%	—	—	COM	496719105
ASH	ASHLAND INC	66,784	$4.4M	2.7%	—	—	COM	044186104
GFL	GFL ENVIRONMENTAL INC	119,267	$4.388M	2.7%	—	—	SUB VTG SHS	36168Q104
ORN	ORION GROUP HLDGS INC	244,104	$4.106M	2.5%	—	—	COM	68628V308
FIP	FTAI INFRASTRUCTURE INC	694,431	$3.222M	2.0%	—	—	COMMON STOCK	35953C106
NOMD	NOMAD FOODS LTD	246,066	$2.694M	1.7%	—	—	USD ORD SHS	G6564A105
AGM	FEDERAL AGRIC MTG CORP	10,981	$2.188M	1.3%	—	—	CL C	313148306
AVD	AMERICAN VANGUARD CORP	571,781	$1.601M	1.0%	—	—	COM	030371108
DUOT	DUOS TECHNOLOGIES GROUP INC	119,852	$1.438M	0.9%	—	—	COM	266042407
MOD	MODINE MFG CO	5,000	$1.335M	0.8%	—	—	COM	607828100
NN	NEXTNAV INC	60,508	$1.079M	0.7%	—	—	COMMON STOCK	65345N106
CE	CELANESE CORP DEL	22,211	$1.022M	0.6%	—	—	COM	150870103
GDOT	GREEN DOT CORP	73,500	$993K	0.6%	—	—	CL A	39304D102
AIB	AIB DATA CENTERS INC	450,000	$954K	0.6%	—	—	COM	093919108
FUL	FULLER H B CO	15,800	$921K	0.6%	—	—	COM	359694106
TIC	TIC SOLUTIONS INC	108,037	$874K	0.5%	—	—	COM	00510N102
CC	CHEMOURS CO	27,100	$556K	0.3%	—	—	COM	163851108
NVRI	ENVIRI CORP	24,485	$537K	0.3%	—	—	COM	415864107
GECC	GREAT ELM CAP CORP	97,779	$533K	0.3%	—	—	COM NEW	390320703
URNM	SPROTT FDS TR	10,000	$526K	0.3%	—	—	URANI MINER ETF	85208P303
QXO	QXO INC	11,630	$516K	0.3%	—	—	COM NEW	82846H405
KD	KYNDRYL HLDGS INC	41,030	$464K	0.3%	—	—	COMMON STOCK	50155Q100
GTLS	CHART INDS INC	2,200	$460K	0.3%	—	—	COM	16115Q308
CECO	CECO ENVIRONMENTAL CORP	4,431	$402K	0.2%	—	—	COM	125141101
LODE	COMSTOCK INC	95,776	$398K	0.2%	—	—	COM SHS	205750409
BPRE	BLUEROCK PVT REAL ESTATE FD	27,900	$363K	0.2%	—	—	COM	09631P102
COLD	AMERICOLD REALTY TRUST INC	16,922	$266K	0.2%	—	—	COM	03064D108
BKR	BAKER HUGHES COMPANY	4,100	$228K	0.1%	—	—	CL A	05722G100
GPGI	GPGI INC	13,876	$220K	0.1%	—	—	COM CL A	20459V105
ACR	ACRES COMMERCIAL REALTY CORP	11,742	$209K	0.1%	—	—	COM NEW	00489Q102
RKLB	ROCKET LAB CORP	2,000	$203K	0.1%	—	—	COM	773121108
BODI	THE BEACHBODY COMPANY INC	19,830	$203K	0.1%	—	—	COM CL A NEW	073463309
SKIL	SKILLSOFT CORP	29,687	$154K	0.1%	—	—	CL A	83066P309
TDAY	USA TODAY CO INC	11,075	$94,691	0.1%	—	—	COM	36472T109
INVE	IDENTIV INC	31,778	$80,081	0.0%	—	—	COM NEW	45170X205
STIM	NEURONETICS INC	48,900	$63,570	0.0%	—	—	COM	64131A105
ALIT	ALIGHT INC	90,100	$50,456	0.0%	—	—	COM CL A	01626W101
PHYWF	PYROPHYTE ACQUISITION CORP	37,500	$11,813	0.0%	—	—	*W EXP 05/03/202	G7308P127
AEAEW	ALTENERGY ACQUISITION CORP	20,000	$7,196	0.0%	—	—	*W EXP 10/29/202	02157M116
SCLXW	SCILEX HOLDING CO	49,999	$6,485	0.0%	—	—	*W EXP 11/10/202	80880W114
RSVRW	RESERVOIR MEDIA INC	30,503	$5,170	0.0%	—	—	*W EXP 08/26/202	76119X113
BDMDW	BAIRD MED INVT HLDGS LTD	25,000	$1,116	0.0%	—	—	*W EXP 10/01/202	G0705H111
MSAIW	MULTISENSOR AI HOLDINGS INC	37,500	$1,088	0.0%	—	—	*W EXP 12/19/202	456948116
ICUCW	SEASTAR MEDICAL HOLDING CORP	32,473	$562	0.0%	—	—	*W EXP 10/28/202	81256L112
BENFW	BENEFICIENT	48,750	$477	0.0%	—	—	*W EXP 06/07/202	08178Q119
SQLLW	SEQLL INC	70,000	$222	0.0%	—	—	*W EXP 08/31/202	81734C114