Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UVXY	PROSHARES TR II	139,790	$3.479M	3.0%	$24.89	$24.89	—	ULTRA VIX SHORT	74347Y680
MSOX	ADVISORSHARES TR	195,747	$656K	0.6%	$3.35	$3.35	—	MSOS DAILY LVRGD	00768Y289
TCNNF	TRULIEVE CANNABIS CORP	50,000	$492K	0.4%	$9.83	$9.83	—	SUB VTG SHS	89788C104
TZA	DIREXION SHARES ETF TRUST	75,000	$284K	0.2%	$3.79	$3.79	—	DAILY SMALL CAP	25460E232
BRBS	BLUE RIDGE BANKSHARES INC VA	11,341	$40,034	0.0%	$3.53	$3.53	—	COM	095825105

Increased Positions (6)

GLIBK LIBERTY CAP CORP 10.4%

Value $12.24M (+125.0%) Shares 567,763 (+288.3%) Share Price $21.56 Est. Cost/Share $25.09 Unrealized @ Report Date —

PERI PERION NETWORK LTD 2.0%

Value $2.289M (+34.6%) Shares 235,779 (+38.5%) Share Price $9.71 Est. Cost/Share $9.53 Unrealized @ Report Date —

CTGO CONTANGO SILVER & GOLD INC 1.5%

Value $1.785M (+33.3%) Shares 113,056 (+58.3%) Share Price $15.79 Est. Cost/Share $14.95 Unrealized @ Report Date —

NBBK NB BANCORP INC 0.6%

Value $673K (+114.9%) Shares 31,874 (+114.3%) Share Price $21.13 Est. Cost/Share $18.71 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 0.8%

Value $939K (+61.9%) Shares 100,000 (+100.0%) Share Price $9.39 Est. Cost/Share $7.41 Unrealized @ Report Date —

AWX AVALON HLDGS CORP 0.1%

Value $64,660 (-1.0%) Shares 25,968 (+3.0%) Share Price $2.49 Est. Cost/Share $1.74 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLIBK	LIBERTY CAP CORP	567,763 (+288.3%)	$12.24M (+125.0%)	10.4%	$21.56	$25.09	—	SER C GCI GROUP	36164V800
PERI	PERION NETWORK LTD	235,779 (+38.5%)	$2.289M (+34.6%)	2.0%	$9.71	$9.53	—	SHS NEW	M78673114
CTGO	CONTANGO SILVER & GOLD INC	113,056 (+58.3%)	$1.785M (+33.3%)	1.5%	$15.79	$14.95	—	COM	21077F100
NBBK	NB BANCORP INC	31,874 (+114.3%)	$673K (+114.9%)	0.6%	$21.13	$18.71	—	COM	63945M107
NXE	NEXGEN ENERGY LTD	100,000 (+100.0%)	$939K (+61.9%)	0.8%	$9.39	$7.41	—	COM	65340P106
AWX	AVALON HLDGS CORP	25,968 (+3.0%)	$64,660 (-1.0%)	0.1%	$2.49	$1.74	—	CL A	05343P109

Exited Positions (6)

JETS ETF SER SOLUTIONS 1.6%

Value $1.847M Shares 75,000 Share Price $24.63 Est. Cost/Share $24.63 Unrealized @ Report Date —

TMF DIREXION SHARES ETF TRUST 1.5%

Value $1.803M Shares 50,000 Share Price $36.06 Est. Cost/Share $36.06 Unrealized @ Report Date —

MNR MACH NATURAL RESOURCES LP 1.4%

Value $1.61M Shares 115,000 Share Price $14.00 Est. Cost/Share $11.04 Unrealized @ Report Date —

SCO PROSHARES TR II 0.7%

Value $832K Shares 100,000 Share Price $8.32 Est. Cost/Share $8.32 Unrealized @ Report Date —

FBP FIRST BANCORP CORPORATION 0.6%

Value $681K Shares 31,874 Share Price $21.36 Est. Cost/Share $12.23 Unrealized @ Report Date —

HYNE HOYNE BANCORP INC 0.3%

Value $346K Shares 23,897 Share Price $14.47 Est. Cost/Share $13.87 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
JETS	ETF SER SOLUTIONS	75,000	$1.847M	1.6%	$24.63	$24.63	—	—	26922A842
TMF	DIREXION SHARES ETF TRUST	50,000	$1.803M	1.5%	$36.06	$36.06	—	—	25460G138
MNR	MACH NATURAL RESOURCES LP	115,000	$1.61M	1.4%	$14.00	$11.04	—	—	55445L100
SCO	PROSHARES TR II	100,000	$832K	0.7%	$8.32	$8.32	—	—	74347Y797
FBP	FIRST BANCORP CORPORATION	31,874	$681K	0.6%	$21.36	$12.23	—	—	318672706
HYNE	HOYNE BANCORP INC	23,897	$346K	0.3%	$14.47	$13.87	—	—	44326H107

Decreased Positions (17)

AFBI AFFINITY BANCSHARES INC 0.8%

Value $932K (-78.9%) Shares 41,230 (-79.3%) Share Price $22.60 Est. Cost/Share $10.40 Unrealized @ Report Date —

SMBC SOUTHERN MO BANCORP INC 13.7%

Value $16.09M (+12.9%) Shares 211,153 (-5.3%) Share Price $76.21 Est. Cost/Share $14.41 Unrealized @ Report Date —

IE IVANHOE ELECTRIC INC 3.9%

Value $4.585M (-27.1%) Shares 477,077 (-10.3%) Share Price $9.61 Est. Cost/Share $8.66 Unrealized @ Report Date —

LCTX LINEAGE CELL THERAPEUTICS IN 5.8%

Value $6.809M (-19.6%) Shares 5,197,788 (-3.1%) Share Price $1.31 Est. Cost/Share $1.19 Unrealized @ Report Date —

GLL PROSHARES TR II 0.9%

Value $1.079M (-58.9%) Shares 40,000 (-69.2%) Share Price $26.98 Est. Cost/Share $26.15 Unrealized @ Report Date —

CBK COMMERCIAL BANCGROUP INC 6.4%

Value $7.527M (+16.5%) Shares 233,110 (-6.1%) Share Price $32.29 Est. Cost/Share $24.55 Unrealized @ Report Date —

VMD VIEMED HEALTHCARE INC 3.9%

Value $4.602M (+20.8%) Shares 403,691 (-2.4%) Share Price $11.40 Est. Cost/Share $7.02 Unrealized @ Report Date —

MSOS ADVISORSHARES TR 1.3%

Value $1.499M (-34.0%) Shares 295,000 (-53.9%) Share Price $5.08 Est. Cost/Share $4.09 Unrealized @ Report Date —

OFG OFG BANCORP 4.3%

Value $5.008M (-11.6%) Shares 102,067 (-27.1%) Share Price $49.07 Est. Cost/Share $31.74 Unrealized @ Report Date —

EBC EASTERN BANKSHARES INC 7.1%

Value $8.335M (+7.9%) Shares 374,788 (-5.1%) Share Price $22.24 Est. Cost/Share $13.25 Unrealized @ Report Date —

ESOA ENERGY SERVICES OF AMER CORP 2.4%

Value $2.793M (+24.8%) Shares 144,392 (-15.3%) Share Price $19.34 Est. Cost/Share $5.97 Unrealized @ Report Date —

NSTS NSTS BANCORP INC 0.7%

Value $779K (-28.8%) Shares 56,589 (-39.7%) Share Price $13.76 Est. Cost/Share $12.32 Unrealized @ Report Date —

ABTC AMERICAN BITCOIN CORP. 0.3%

Value $327K (-36.3%) Shares 480,000 (-13.5%) Share Price $0.68 Est. Cost/Share $4.17 Unrealized @ Report Date —

VZLA VIZSLA SILVER CORP 4.1%

Value $4.798M (-3.3%) Shares 1,454,010 (-3.3%) Share Price $3.30 Est. Cost/Share $1.76 Unrealized @ Report Date —

ECBK ECB BANCORP INC 0.2%

Value $266K (+18.7%) Shares 13,255 (-1.1%) Share Price $20.08 Est. Cost/Share $11.97 Unrealized @ Report Date —

COSO COASTALSOUTH BANCSHARES INC 2.6%

Value $3.011M (+1.0%) Shares 112,138 (-7.5%) Share Price $26.85 Est. Cost/Share $21.58 Unrealized @ Report Date —

NWFL NORWOOD FINANCIAL CORP 0.3%

Value $352K (-3.9%) Shares 10,949 (-12.0%) Share Price $32.15 Est. Cost/Share $29.13 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AFBI	AFFINITY BANCSHARES INC	41,230 (-79.3%)	$932K (-78.9%)	0.8%	$22.60	$10.40	—	COM	00832E103
SMBC	SOUTHERN MO BANCORP INC	211,153 (-5.3%)	$16.09M (+12.9%)	13.7%	$76.21	$14.41	—	COM	843380106
IE	IVANHOE ELECTRIC INC	477,077 (-10.3%)	$4.585M (-27.1%)	3.9%	$9.61	$8.66	—	COM	46578C108
LCTX	LINEAGE CELL THERAPEUTICS IN	5,197,788 (-3.1%)	$6.809M (-19.6%)	5.8%	$1.31	$1.19	—	COM	53566P109
GLL	PROSHARES TR II	40,000 (-69.2%)	$1.079M (-58.9%)	0.9%	$26.98	$26.15	—	ULTRASHORT GOLD	74347Y698
CBK	COMMERCIAL BANCGROUP INC	233,110 (-6.1%)	$7.527M (+16.5%)	6.4%	$32.29	$24.55	—	COM	20112C106
VMD	VIEMED HEALTHCARE INC	403,691 (-2.4%)	$4.602M (+20.8%)	3.9%	$11.40	$7.02	—	COM	92663R105
MSOS	ADVISORSHARES TR	295,000 (-53.9%)	$1.499M (-34.0%)	1.3%	$5.08	$4.09	—	PURE US CANN ETF	00768Y453
OFG	OFG BANCORP	102,067 (-27.1%)	$5.008M (-11.6%)	4.3%	$49.07	$31.74	—	COM	67103X102
EBC	EASTERN BANKSHARES INC	374,788 (-5.1%)	$8.335M (+7.9%)	7.1%	$22.24	$13.25	—	COM	27627N105
ESOA	ENERGY SERVICES OF AMER CORP	144,392 (-15.3%)	$2.793M (+24.8%)	2.4%	$19.34	$5.97	—	COM	29271Q103
NSTS	NSTS BANCORP INC	56,589 (-39.7%)	$779K (-28.8%)	0.7%	$13.76	$12.32	—	COM	6293JP109
ABTC	AMERICAN BITCOIN CORP.	480,000 (-13.5%)	$327K (-36.3%)	0.3%	$0.68	$4.17	—	COM CL A	02462A104
VZLA	VIZSLA SILVER CORP	1,454,010 (-3.3%)	$4.798M (-3.3%)	4.1%	$3.30	$1.76	—	COM NEW	92859G608
ECBK	ECB BANCORP INC	13,255 (-1.1%)	$266K (+18.7%)	0.2%	$20.08	$11.97	—	COM	26828M106
COSO	COASTALSOUTH BANCSHARES INC	112,138 (-7.5%)	$3.011M (+1.0%)	2.6%	$26.85	$21.58	—	COM NEW	19058X207
NWFL	NORWOOD FINANCIAL CORP	10,949 (-12.0%)	$352K (-3.9%)	0.3%	$32.15	$29.13	—	COM	669549107

Unchanged Positions (20)

PROV PROVIDENT FINL HLDGS INC 5.7%

Value $6.727M Shares 391,118 Share Price $17.20 Est. Cost/Share $15.78 Unrealized @ Report Date —

JOB GEE GROUP INC 1.7%

Value $1.974M Shares 9,399,696 Share Price $0.21 Est. Cost/Share $0.53 Unrealized @ Report Date —

NECB NORTHEAST CMNTY BANCORP INC 1.4%

Value $1.651M Shares 59,500 Share Price $27.74 Est. Cost/Share $9.43 Unrealized @ Report Date —

MBBC MARATHON BANCORP INC 1.4%

Value $1.645M Shares 107,664 Share Price $15.28 Est. Cost/Share $9.97 Unrealized @ Report Date —

KELYA KELLY SVCS INC 0.5%

Value $614K Shares 50,000 Share Price $12.28 Est. Cost/Share $13.86 Unrealized @ Report Date —

FBLA FB BANCORP INC 1.2%

Value $1.462M Shares 97,099 Share Price $15.06 Est. Cost/Share $11.50 Unrealized @ Report Date —

SIRI SIRIUSXM HOLDINGS INC 0.5%

Value $567K Shares 19,194 Share Price $29.54 Est. Cost/Share $31.06 Unrealized @ Report Date —

VABK VIRGINIA NATL BK CHRLOTSVLE 0.7%

Value $834K Shares 18,792 Share Price $44.38 Est. Cost/Share $33.71 Unrealized @ Report Date —

— JAPAN SMALLER CAPITALIZATION 1.1%

Value $1.307M Shares 110,967 Share Price $11.78 Est. Cost/Share $7.71 Unrealized @ Report Date —

TIPT TIPTREE INC 0.9%

Value $1M Shares 55,801 Share Price $17.92 Est. Cost/Share $18.84 Unrealized @ Report Date —

ASLE AERSALE CORPORATION 2.5%

Value $2.907M Shares 460,000 Share Price $6.32 Est. Cost/Share $6.17 Unrealized @ Report Date —

NSSC NAPCO SEC TECHNOLOGIES INC 0.8%

Value $928K Shares 24,424 Share Price $37.98 Est. Cost/Share $15.79 Unrealized @ Report Date —

MAYS MAYS J W INC 1.5%

Value $1.733M Shares 44,431 Share Price $39.00 Est. Cost/Share $22.25 Unrealized @ Report Date —

AP AMPCO-PITTSBURG CORP 0.1%

Value $130K Shares 15,000 Share Price $8.65 Est. Cost/Share $6.61 Unrealized @ Report Date —

FMNB FARMERS NATIONAL BANC CORP 0.2%

Value $219K Shares 15,000 Share Price $14.60 Est. Cost/Share $13.23 Unrealized @ Report Date —

IAUX I-80 GOLD CORP 0.2%

Value $281K Shares 195,000 Share Price $1.44 Est. Cost/Share $1.14 Unrealized @ Report Date —

FNWD FINWARD BANCORP 0.8%

Value $978K Shares 26,580 Share Price $36.78 Est. Cost/Share $42.54 Unrealized @ Report Date —

UBCP UNITED BANCORP INC OHIO 0.2%

Value $281K Shares 17,699 Share Price $15.88 Est. Cost/Share $13.07 Unrealized @ Report Date —

HHS HARTE HANKS INC 0.2%

Value $190K Shares 87,757 Share Price $2.16 Est. Cost/Share $3.72 Unrealized @ Report Date —

CLST CATALYST BANCORP INC 0.1%

Value $174K Shares 10,555 Share Price $16.51 Est. Cost/Share $13.80 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PROV	PROVIDENT FINL HLDGS INC	391,118	$6.727M	5.7%	$17.20	$15.78	—	COM	743868101
JOB	GEE GROUP INC	9,399,696	$1.974M	1.7%	$0.21	$0.53	—	COM	36165A102
NECB	NORTHEAST CMNTY BANCORP INC	59,500	$1.651M	1.4%	$27.74	$9.43	—	COM	664121100
MBBC	MARATHON BANCORP INC	107,664	$1.645M	1.4%	$15.28	$9.97	—	COM NEW	565759206
KELYA	KELLY SVCS INC	50,000	$614K	0.5%	$12.28	$13.86	—	CL A	488152208
FBLA	FB BANCORP INC	97,099	$1.462M	1.2%	$15.06	$11.50	—	COM	31425A109
SIRI	SIRIUSXM HOLDINGS INC	19,194	$567K	0.5%	$29.54	$31.06	—	COMMON STOCK	829933100
VABK	VIRGINIA NATL BK CHRLOTSVLE	18,792	$834K	0.7%	$44.38	$33.71	—	COM	928031103
—	JAPAN SMALLER CAPITALIZATION	110,967	$1.307M	1.1%	$11.78	$7.71	—	COM	47109U104
TIPT	TIPTREE INC	55,801	$1M	0.9%	$17.92	$18.84	—	COM	88822Q103
ASLE	AERSALE CORPORATION	460,000	$2.907M	2.5%	$6.32	$6.17	—	COM	00810F106
NSSC	NAPCO SEC TECHNOLOGIES INC	24,424	$928K	0.8%	$37.98	$15.79	—	COM	630402105
MAYS	MAYS J W INC	44,431	$1.733M	1.5%	$39.00	$22.25	—	COM	578473100
AP	AMPCO-PITTSBURG CORP	15,000	$130K	0.1%	$8.65	$6.61	—	COM	032037103
FMNB	FARMERS NATIONAL BANC CORP	15,000	$219K	0.2%	$14.60	$13.23	—	COM	309627107
IAUX	I-80 GOLD CORP	195,000	$281K	0.2%	$1.44	$1.14	—	COM	44955L106
FNWD	FINWARD BANCORP	26,580	$978K	0.8%	$36.78	$42.54	—	COM	31812F109
UBCP	UNITED BANCORP INC OHIO	17,699	$281K	0.2%	$15.88	$13.07	—	COM	909911109
HHS	HARTE HANKS INC	87,757	$190K	0.2%	$2.16	$3.72	—	COM	416196202
CLST	CATALYST BANCORP INC	10,555	$174K	0.1%	$16.51	$13.80	—	COMMON STOCK	14888L101