WITTENBERG INVESTMENT MANAGEMENT, INC. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VSNT	VERSANT MEDIA GROUP INC	135,870	$5,030	1.9%	$32.14	0.0%	COM CL A	925283103
PAR	PAR TECHNOLOGY CORP	341,945	$4,558	1.7%	$28.30	0.0%	COM	698884103
LLYVA	LIBERTY LIVE HOLDINGS INC	46,527	$4,264	1.6%	$84.72	0.0%	COM SER A	530909100
LLYVK	LIBERTY LIVE HOLDINGS INC	12,861	$1,210	0.4%	$86.65	0.0%	COM SHS SER C	530909308
TTE	TOTALENERGIES SE	2,200	$200	0.1%	$71.53	0.0%	ACT	F92124100
KELYA	KELLY SVCS INC	16,581	$147	0.1%	$9.92	0.0%	CL A	488152208
FSP	FRANKLIN STR PPTYS CORP	160,394	$107	0.0%	$0.66	—	COM	35471R106

Increased Positions (13)

TRIP TRIPADVISOR INC 2.3%

Value ($000) $6,239 (+151.7%) Shares 585,300 (+243.8%) Est. Cost $13.51 Unrealized -6.0%

SIRI SIRIUSXM HOLDINGS INC 9.5%

Value ($000) $25,559 (+17.0%) Shares 1,107,416 (+1.4%) Est. Cost $30.84 Unrealized -32.1%

LBRDA LIBERTY BROADBAND CORP 2.3%

Value ($000) $6,260 (+43.9%) Shares 124,645 (+38.4%) Est. Cost $63.49 Unrealized -21.8%

LFCR LIFECORE BIOMEDICAL INC 0.4%

Value ($000) $1,123 (+531.8%) Shares 301,815 (+1289.4%) Est. Cost $7.69 Unrealized +1.5%

QVCGA QVC GROUP INC 0.1%

Value ($000) $344 (-71.2%) Shares 158,403 (+38.7%) Est. Cost $7.48 Unrealized +8.3%

THRY THRYV HLDGS INC 1.1%

Value ($000) $3,021 (+26.3%) Shares 1,102,415 (+178.9%) Est. Cost $6.61 Unrealized -30.4%

SSP SCRIPPS E W CO OHIO 3.3%

Value ($000) $8,750 (-5.1%) Shares 2,352,161 (+1.8%) Est. Cost $2.35 Unrealized +52.3%

LBTYA LIBERTY GLOBAL LTD 0.9%

Value ($000) $2,459 (+16.1%) Shares 203,422 (+7.0%) Est. Cost $10.10 Unrealized +11.5%

CABO CABLE ONE INC 0.8%

Value ($000) $2,143 (+17.2%) Shares 23,500 (+45.1%) Est. Cost $151.33 Unrealized -37.1%

FPH FIVE POINT HOLDINGS LLC 0.2%

Value ($000) $520 (+25.1%) Shares 107,506 (+44.5%) Est. Cost $5.79 Unrealized -4.9%

AMZN AMAZON COM INC 0.2%

Value ($000) $560 (-9.8%) Shares 102,778 (+3719.3%) Est. Cost $223.48 Unrealized +1.5%

NN NEXTNAV INC 0.8%

Value ($000) $2,055 (+2.0%) Shares 128,300 (+6.0%) Est. Cost $13.86 Unrealized +12.3%

CTGO CONTANGO SILVER & GOLD INC 0.4%

Value ($000) $990 (+0.2%) Shares 52,780 (+41.2%) Est. Cost $21.96 Unrealized +30.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TRIP	TRIPADVISOR INC	585,300 (+243.8%)	$6,239 (+151.7%)	2.3%	$13.51	-6.0%	COM	896945201
SIRI	SIRIUSXM HOLDINGS INC	1,107,416 (+1.4%)	$25,559 (+17.0%)	9.5%	$30.84	-32.1%	COMMON STOCK	829933100
LBRDA	LIBERTY BROADBAND CORP	124,645 (+38.4%)	$6,260 (+43.9%)	2.3%	$63.49	-21.8%	COM SER A	530307107
LFCR	LIFECORE BIOMEDICAL INC	301,815 (+1289.4%)	$1,123 (+531.8%)	0.4%	$7.69	+1.5%	COM	514766104
QVCGA	QVC GROUP INC	158,403 (+38.7%)	$344 (-71.2%)	0.1%	$7.48	+8.3%	COM SER A NEW	74915M605
THRY	THRYV HLDGS INC	1,102,415 (+178.9%)	$3,021 (+26.3%)	1.1%	$6.61	-30.4%	COM NEW	886029206
SSP	SCRIPPS E W CO OHIO	2,352,161 (+1.8%)	$8,750 (-5.1%)	3.3%	$2.35	+52.3%	CL A NEW	811054402
LBTYA	LIBERTY GLOBAL LTD	203,422 (+7.0%)	$2,459 (+16.1%)	0.9%	$10.10	+11.5%	COM CL A	G61188101
CABO	CABLE ONE INC	23,500 (+45.1%)	$2,143 (+17.2%)	0.8%	$151.33	-37.1%	COM	12685J105
FPH	FIVE POINT HOLDINGS LLC	107,506 (+44.5%)	$520 (+25.1%)	0.2%	$5.79	-4.9%	COM CL A	33833Q106
AMZN	AMAZON COM INC	102,778 (+3719.3%)	$560 (-9.8%)	0.2%	$223.48	+1.5%	COM	023135106
NN	NEXTNAV INC	128,300 (+6.0%)	$2,055 (+2.0%)	0.8%	$13.86	+12.3%	COMMON STOCK	65345N106
CTGO	CONTANGO SILVER & GOLD INC	52,780 (+41.2%)	$990 (+0.2%)	0.4%	$21.96	+30.4%	COM	21077F100

Exited Positions (5)

— LIBERTY MEDIA CORP DEL 1.4%

Value ($000) $3,799 Shares 46,614 Est. Cost $33.74 Unrealized —

GLDD GREAT LAKES DREDGE & DOCK CO 0.9%

Value ($000) $2,402 Shares 183,100 Est. Cost $7.50 Unrealized +104.1%

— LIBERTY MEDIA CORP DEL 0.4%

Value ($000) $1,085 Shares 13,053 Est. Cost $32.10 Unrealized —

LEE LEE ENTERPRISES INC 0.1%

Value ($000) $254 Shares 53,069 Est. Cost $8.88 Unrealized -32.4%

CMCSA COMCAST CORP NEW 0.1%

Value ($000) $202 Shares 6,750 Est. Cost $26.82 Unrealized +11.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY MEDIA CORP DEL	46,614	$3,799	1.4%	$33.74	—	—	531229748
GLDD	GREAT LAKES DREDGE & DOCK CO	183,100	$2,402	0.9%	$7.50	+104.1%	—	390607109
—	LIBERTY MEDIA CORP DEL	13,053	$1,085	0.4%	$32.10	—	—	531229722
LEE	LEE ENTERPRISES INC	53,069	$254	0.1%	$8.88	-32.4%	—	523768406
CMCSA	COMCAST CORP NEW	6,750	$202	0.1%	$26.82	+11.2%	—	20030N101

Decreased Positions (12)

GOOG ALPHABET INC 8.7%

Value ($000) $23,539 (-11.9%) Shares 82,056 (-3.7%) Est. Cost $107.22 Unrealized +201.9%

AAPL APPLE INC 9.7%

Value ($000) $26,084 (-8.3%) Shares 102,778 (-1.8%) Est. Cost $85.47 Unrealized +207.5%

GOOGL ALPHABET INC 7.1%

Value ($000) $19,164 (-10.0%) Shares 66,642 (-2.1%) Est. Cost $105.97 Unrealized +205.1%

TDW TIDEWATER INC NEW 1.7%

Value ($000) $4,676 (+39.8%) Shares 55,962 (-15.5%) Est. Cost $34.94 Unrealized +83.4%

BAC BANK AMERICA CORP 0.8%

Value ($000) $2,202 (-16.0%) Shares 45,164 (-5.2%) Est. Cost $29.88 Unrealized +79.6%

LILAK LIBERTY LATIN AMERICA LTD 1.0%

Value ($000) $2,590 (+15.9%) Shares 293,690 (-2.0%) Est. Cost $8.59 Unrealized -10.4%

GTX GARRETT MOTION INC 0.1%

Value ($000) $227 (-59.3%) Shares 12,500 (-60.9%) Est. Cost $7.18 Unrealized +163.6%

PSMT PRICESMART INC 0.7%

Value ($000) $1,914 (+16.7%) Shares 12,716 (-4.8%) Est. Cost $78.10 Unrealized +84.8%

PHIN PHINIA INC 0.6%

Value ($000) $1,575 (+6.8%) Shares 23,007 (-2.1%) Est. Cost $25.74 Unrealized +178.3%

BLFY BLUE FOUNDRY BANCORP 0.1%

Value ($000) $241 (-21.6%) Shares 18,195 (-26.4%) Est. Cost $9.34 Unrealized +43.4%

GLRE GREENLIGHT CAP RE LTD 0.2%

Value ($000) $595 (+7.4%) Shares 34,407 (-9.5%) Est. Cost $10.91 Unrealized +27.2%

NFLX NETFLIX INC. 0.5%

Value ($000) $1,373 (+0.8%) Shares 14,280 (-1.7%) Est. Cost $99.16 Unrealized -15.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	82,056 (-3.7%)	$23,539 (-11.9%)	8.7%	$107.22	+201.9%	CAP STK CL C	02079K107
AAPL	APPLE INC	102,778 (-1.8%)	$26,084 (-8.3%)	9.7%	$85.47	+207.5%	COM	037833100
GOOGL	ALPHABET INC	66,642 (-2.1%)	$19,164 (-10.0%)	7.1%	$105.97	+205.1%	CAP STK CL A	02079K305
TDW	TIDEWATER INC NEW	55,962 (-15.5%)	$4,676 (+39.8%)	1.7%	$34.94	+83.4%	COM	88642R109
BAC	BANK AMERICA CORP	45,164 (-5.2%)	$2,202 (-16.0%)	0.8%	$29.88	+79.6%	COM	060505104
LILAK	LIBERTY LATIN AMERICA LTD	293,690 (-2.0%)	$2,590 (+15.9%)	1.0%	$8.59	-10.4%	COM CL C	G9001E128
GTX	GARRETT MOTION INC	12,500 (-60.9%)	$227 (-59.3%)	0.1%	$7.18	+163.6%	COM	366505105
PSMT	PRICESMART INC	12,716 (-4.8%)	$1,914 (+16.7%)	0.7%	$78.10	+84.8%	COM	741511109
PHIN	PHINIA INC	23,007 (-2.1%)	$1,575 (+6.8%)	0.6%	$25.74	+178.3%	COMMON STOCK	71880K101
BLFY	BLUE FOUNDRY BANCORP	18,195 (-26.4%)	$241 (-21.6%)	0.1%	$9.34	+43.4%	COM	09549B104
GLRE	GREENLIGHT CAP RE LTD	34,407 (-9.5%)	$595 (+7.4%)	0.2%	$10.91	+27.2%	CLASS A	G4095J109
NFLX	NETFLIX INC.	14,280 (-1.7%)	$1,373 (+0.8%)	0.5%	$99.16	-15.5%	COM	64110L106

Unchanged Positions (42)

BRK/B BERKSHIRE HATHAWAY INC DEL 18.1%

Value ($000) $48,645 Shares 101,513 Est. Cost $157.00 Unrealized +214.3%

MSFT MICROSOFT CORP 1.6%

Value ($000) $4,329 Shares 11,695 Est. Cost $93.08 Unrealized +366.9%

APA APA CORPORATION 0.9%

Value ($000) $2,546 Shares 60,000 Est. Cost $34.62 Unrealized -23.6%

OXY OCCIDENTAL PETE CORP 0.8%

Value ($000) $2,256 Shares 34,700 Est. Cost $41.16 Unrealized +10.4%

JEF JEFFERIES FINANCIAL GROUP IN 0.6%

Value ($000) $1,530 Shares 37,074 Est. Cost $16.89 Unrealized +248.1%

WBD WARNER BROS DISCOVERY INC 5.5%

Value ($000) $14,840 Shares 540,434 Est. Cost $13.74 Unrealized +105.6%

MRNA MODERNA INC 0.6%

Value ($000) $1,702 Shares 33,500 Est. Cost $27.17 Unrealized +58.1%

LILA LIBERTY LATIN AMERICA LTD 1.6%

Value ($000) $4,324 Shares 500,477 Est. Cost $8.50 Unrealized -10.4%

JPM JPMORGAN CHASE & CO 2.2%

Value ($000) $6,051 Shares 20,570 Est. Cost $64.07 Unrealized +386.0%

SPOT SPOTIFY TECHNOLOGY S A 0.5%

Value ($000) $1,224 Shares 2,525 Est. Cost $82.20 Unrealized +505.0%

FWONA LIBERTY MEDIA CORP DEL 0.5%

Value ($000) $1,274 Shares 16,319 Est. Cost $57.21 Unrealized —

LYV LIVE NATION ENTERTAINMENT IN 1.1%

Value ($000) $2,856 Shares 18,726 Est. Cost $32.42 Unrealized +357.5%

WFC WELLS FARGO & CO 0.3%

Value ($000) $901 Shares 11,320 Est. Cost $39.24 Unrealized +129.5%

PNRG PRIMEENERGY RESOURCES CORP 0.2%

Value ($000) $483 Shares 2,075 Est. Cost $168.66 Unrealized +6.0%

AXP AMERICAN EXPRESS CO 0.2%

Value ($000) $575 Shares 1,900 Est. Cost $80.33 Unrealized +343.4%

FWONK LIBERTY MEDIA CORP DEL 0.3%

Value ($000) $723 Shares 8,501 Est. Cost $62.30 Unrealized —

RKT ROCKET COS INC 0.1%

Value ($000) $235 Shares 16,500 Est. Cost $17.88 Unrealized +12.7%

BATRK ATLANTA BRAVES HLDGS INC 0.4%

Value ($000) $1,138 Shares 26,648 Est. Cost $37.87 Unrealized +7.2%

HGV HILTON GRAND VACATIONS INC 0.2%

Value ($000) $548 Shares 14,000 Est. Cost $37.73 Unrealized +23.6%

RDI READING INTL INC 0.4%

Value ($000) $1,114 Shares 986,145 Est. Cost $8.91 Unrealized -87.9%

DIS DISNEY WALT CO 0.1%

Value ($000) $379 Shares 3,928 Est. Cost $90.71 Unrealized +20.6%

— WELLS FARGO & CO 0.5%

Value ($000) $1,337 Shares 1,158 Est. Cost $1202.65 Unrealized —

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $409 Shares 1,674 Est. Cost $89.71 Unrealized +154.0%

GS GOLDMAN SACHS GROUP INC 0.6%

Value ($000) $1,519 Shares 1,796 Est. Cost $224.05 Unrealized +316.2%

CAR AVIS BUDGET GROUP INC 0.2%

Value ($000) $468 Shares 3,208 Est. Cost $34.41 Unrealized +241.0%

CMG CHIPOTLE MEXICAN GRILL INC 0.1%

Value ($000) $323 Shares 10,100 Est. Cost $61.22 Unrealized -36.6%

LBRDK LIBERTY BROADBAND CORP 0.5%

Value ($000) $1,474 Shares 29,306 Est. Cost $94.01 Unrealized -47.1%

COST COSTCO WHOLESALE CORPORATION 0.1%

Value ($000) $239 Shares 240 Est. Cost $172.00 Unrealized +460.3%

PDLB PONCE FINANCIAL GROUP INC 0.4%

Value ($000) $1,073 Shares 64,217 Est. Cost $8.17 Unrealized +102.2%

WH WYNDHAM HOTELS & RESORTS INC 0.1%

Value ($000) $322 Shares 3,967 Est. Cost $61.78 Unrealized +27.2%

MCY MERCURY GENL CORP NEW 0.1%

Value ($000) $323 Shares 3,659 Est. Cost $56.79 Unrealized +57.8%

IWS ISHARES TR 0.2%

Value ($000) $507 Shares 3,478 Est. Cost $132.14 Unrealized —

CLST CATALYST BANCORP INC 0.1%

Value ($000) $226 Shares 13,669 Est. Cost $11.56 Unrealized +36.4%

BYFC BROADWAY FINL CORP DEL 0.2%

Value ($000) $408 Shares 56,156 Est. Cost $6.30 Unrealized +29.9%

LBTYK LIBERTY GLOBAL LTD 0.0%

Value ($000) $127 Shares 10,856 Est. Cost $9.07 Unrealized +23.0%

TNL TRAVEL PLUS LEISURE CO 0.1%

Value ($000) $316 Shares 4,573 Est. Cost $33.07 Unrealized +120.2%

— CENTRAL SECS CORP 0.1%

Value ($000) $258 Shares 5,186 Est. Cost $41.77 Unrealized —

MCD MCDONALDS CORP 0.1%

Value ($000) $249 Shares 800 Est. Cost $94.30 Unrealized +236.4%

AWX AVALON HLDGS CORP 0.0%

Value ($000) $95 Shares 36,784 Est. Cost $2.36 Unrealized +13.7%

LMB LIMBACH HLDGS INC 0.4%

Value ($000) $1,139 Shares 14,597 Est. Cost $6.65 Unrealized +1197.2%

GLIBK GCI LIBERTY INC 0.2%

Value ($000) $534 Shares 14,355 Est. Cost $35.19 Unrealized +8.5%

GLIBA GCI LIBERTY INC 0.1%

Value ($000) $276 Shares 7,478 Est. Cost $35.52 Unrealized +7.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	101,513	$48,645	18.1%	$157.00	+214.3%	CL B NEW	084670702
MSFT	MICROSOFT CORP	11,695	$4,329	1.6%	$93.08	+366.9%	COM	594918104
APA	APA CORPORATION	60,000	$2,546	0.9%	$34.62	-23.6%	COM	03743Q108
OXY	OCCIDENTAL PETE CORP	34,700	$2,256	0.8%	$41.16	+10.4%	COM	674599105
JEF	JEFFERIES FINANCIAL GROUP IN	37,074	$1,530	0.6%	$16.89	+248.1%	COM	47233W109
WBD	WARNER BROS DISCOVERY INC	540,434	$14,840	5.5%	$13.74	+105.6%	COM SER A	934423104
MRNA	MODERNA INC	33,500	$1,702	0.6%	$27.17	+58.1%	COM	60770K107
LILA	LIBERTY LATIN AMERICA LTD	500,477	$4,324	1.6%	$8.50	-10.4%	COM CL A	G9001E102
JPM	JPMORGAN CHASE & CO	20,570	$6,051	2.2%	$64.07	+386.0%	COM	46625H100
SPOT	SPOTIFY TECHNOLOGY S A	2,525	$1,224	0.5%	$82.20	+505.0%	SHS	L8681T102
FWONA	LIBERTY MEDIA CORP DEL	16,319	$1,274	0.5%	$57.21	—	COM LBTY ONE S A	531229771
LYV	LIVE NATION ENTERTAINMENT IN	18,726	$2,856	1.1%	$32.42	+357.5%	COM	538034109
WFC	WELLS FARGO & CO	11,320	$901	0.3%	$39.24	+129.5%	COM	949746101
PNRG	PRIMEENERGY RESOURCES CORP	2,075	$483	0.2%	$168.66	+6.0%	COM	74158E104
AXP	AMERICAN EXPRESS CO	1,900	$575	0.2%	$80.33	+343.4%	COM	025816109
FWONK	LIBERTY MEDIA CORP DEL	8,501	$723	0.3%	$62.30	—	COM LBTY ONE S C	531229755
RKT	ROCKET COS INC	16,500	$235	0.1%	$17.88	+12.7%	COM CL A	77311W101
BATRK	ATLANTA BRAVES HLDGS INC	26,648	$1,138	0.4%	$37.87	+7.2%	COM SER C	047726302
HGV	HILTON GRAND VACATIONS INC	14,000	$548	0.2%	$37.73	+23.6%	COM	43283X105
RDI	READING INTL INC	986,145	$1,114	0.4%	$8.91	-87.9%	CL A	755408101
DIS	DISNEY WALT CO	3,928	$379	0.1%	$90.71	+20.6%	COM	254687106
—	WELLS FARGO & CO	1,158	$1,337	0.5%	$1202.65	—	PERP PFD CNV A	949746804
JNJ	JOHNSON & JOHNSON	1,674	$409	0.2%	$89.71	+154.0%	COM	478160104
GS	GOLDMAN SACHS GROUP INC	1,796	$1,519	0.6%	$224.05	+316.2%	COM	38141G104
CAR	AVIS BUDGET GROUP INC	3,208	$468	0.2%	$34.41	+241.0%	COM	053774105
CMG	CHIPOTLE MEXICAN GRILL INC	10,100	$323	0.1%	$61.22	-36.6%	COM	169656105
LBRDK	LIBERTY BROADBAND CORP	29,306	$1,474	0.5%	$94.01	-47.1%	COM SER C	530307305
COST	COSTCO WHOLESALE CORPORATION	240	$239	0.1%	$172.00	+460.3%	COM	22160K105
PDLB	PONCE FINANCIAL GROUP INC	64,217	$1,073	0.4%	$8.17	+102.2%	COMMON STOCK	732344106
WH	WYNDHAM HOTELS & RESORTS INC	3,967	$322	0.1%	$61.78	+27.2%	COM	98311A105
MCY	MERCURY GENL CORP NEW	3,659	$323	0.1%	$56.79	+57.8%	COM	589400100
IWS	ISHARES TR	3,478	$507	0.2%	$132.14	—	RUS MDCP VAL ETF	464287473
CLST	CATALYST BANCORP INC	13,669	$226	0.1%	$11.56	+36.4%	COMMON STOCK	14888L101
BYFC	BROADWAY FINL CORP DEL	56,156	$408	0.2%	$6.30	+29.9%	CL A NEW	111444709
LBTYK	LIBERTY GLOBAL LTD	10,856	$127	0.0%	$9.07	+23.0%	COM CL C	G61188127
TNL	TRAVEL PLUS LEISURE CO	4,573	$316	0.1%	$33.07	+120.2%	COM	894164102
—	CENTRAL SECS CORP	5,186	$258	0.1%	$41.77	—	COM	155123102
MCD	MCDONALDS CORP	800	$249	0.1%	$94.30	+236.4%	COM	580135101
AWX	AVALON HLDGS CORP	36,784	$95	0.0%	$2.36	+13.7%	CL A	05343P109
LMB	LIMBACH HLDGS INC	14,597	$1,139	0.4%	$6.65	+1197.2%	COM	53263P105
GLIBK	GCI LIBERTY INC	14,355	$534	0.2%	$35.19	+8.5%	COM SER C	36164V800
GLIBA	GCI LIBERTY INC	7,478	$276	0.1%	$35.52	+7.9%	COM SER A	36164V602