Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NXRT	NEXPOINT RESIDENTIAL TR INC	161,893	$4.047M	3.3%	$25.00	—	COM	65341D102
GPRK	GEOPARK LTD	352,833	$3.352M	2.7%	$7.99	0.0%	USD SHS	G38327105
NOMD	NOMAD FOODS LTD	80,300	$772K	0.6%	$12.36	0.0%	USD ORD SHS	G6564A105
IMSR	TERRESTRIAL ENERGY INC	16,000	$96,080	0.1%	$6.00	—	COM SHS	881454102
TWST	TWIST BIOSCIENCE CORP	1,600	$76,032	0.1%	$44.18	0.0%	COM	90184D100
—	FORWARD AIR CORP	3,000	$50,130	0.0%	$16.71	—	COM	349853101
—	PINTEREST INC	1,800	$33,012	0.0%	$18.34	—	COM	725352L10
URG	UR-ENERGY	15,000	$22,350	0.0%	$1.71	0.0%	COM	91688R108
KD	KYNDRYL HOLDINGS INC	1,000	$13,120	0.0%	$20.57	0.0%	COM	50155Q100
NXGL	NEXGEL, INC	20,000	$12,660	0.0%	$1.46	0.0%	COM	65344E107
BABA	ALIBABA GROUP HOLDINGS LTC	100	$12,546	0.0%	$125.46	—	COM	01609W102
—	HUDSON PACIFIC PROPERTIES, INC	1,429	$8,443	0.0%	$5.91	—	COM	444097109
PCT	PURECYCLE TECHNOLOGIES, INC	1,000	$5,190	0.0%	$9.91	0.0%	74623V103	74623V103
SGML	SIGMA LITHIUM CORP	100	$1,234	0.0%	$13.45	0.0%	COM	826599102
ARVN	ARVINAS, INC	100	$1,060	0.0%	$12.57	0.0%	COM	04335A105

Increased Positions (14)

DRVN DRIVEN BRANDS HLDGS INC 4.4%

Value $5.423M (+92.0%) Shares 430,020 (+125.6%) Est. Cost $15.40 Unrealized +2.7%

QURE UNIQURE NV 2.0%

Value $2.486M (-29.1%) Shares 152,031 (+3.8%) Est. Cost $38.04 Unrealized -38.1%

B BARRICK MNG CORP 3.5%

Value $4.403M (+25.8%) Shares 107,943 (+34.4%) Est. Cost $40.20 Unrealized +20.1%

NEM NEWMONT CORP 3.6%

Value $4.506M (+23.2%) Shares 41,630 (+13.7%) Est. Cost $93.55 Unrealized +26.3%

RGLD ROYAL GOLD INC 3.8%

Value $4.667M (+21.8%) Shares 18,340 (+6.4%) Est. Cost $202.67 Unrealized +33.2%

XOM EXXON MOBIL CORP 0.6%

Value $786K (+284.3%) Shares 4,634 (+172.6%) Est. Cost $130.21 Unrealized +6.6%

EIC EAGLE POINT INCOME COMPANY I 4.6%

Value $5.692M (+10.3%) Shares 603,019 (+33.4%) Est. Cost $10.92 Unrealized —

BCYC BICYCLE THERAPEUTICS PLC 0.7%

Value $817K (-33.5%) Shares 176,136 (+1.4%) Est. Cost $7.05 Unrealized —

ANGI ANGI INC 2.7%

Value $3.324M (-8.9%) Shares 485,290 (+72.0%) Est. Cost $12.30 Unrealized -6.5%

— SABA CAPITAL INCOME & OPPORT 2.0%

Value $2.49M (+6.8%) Shares 299,313 (+5.9%) Est. Cost $8.25 Unrealized —

DFAX DIMENSIONAL ETF TRUST 1.9%

Value $2.326M (+5.8%) Shares 68,464 (+1.9%) Est. Cost $32.75 Unrealized —

— SABA CAPITAL INCOME & OPRNT 2.2%

Value $2.735M (-1.4%) Shares 405,786 (+2.5%) Est. Cost $7.00 Unrealized —

LODE COMSTOCK INC 2.1%

Value $2.592M (-0.7%) Shares 849,788 (+22.4%) Est. Cost $3.40 Unrealized -0.6%

FPH FIVE POINT HOLDINGS LLC 0.6%

Value $686K (-1.9%) Shares 141,707 (+13.3%) Est. Cost $5.87 Unrealized -6.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DRVN	DRIVEN BRANDS HLDGS INC	430,020 (+125.6%)	$5.423M (+92.0%)	4.4%	$15.40	+2.7%	COM	26210V102
QURE	UNIQURE NV	152,031 (+3.8%)	$2.486M (-29.1%)	2.0%	$38.04	-38.1%	SHS	N90064101
B	BARRICK MNG CORP	107,943 (+34.4%)	$4.403M (+25.8%)	3.5%	$40.20	+20.1%	COM SHS	06849F108
NEM	NEWMONT CORP	41,630 (+13.7%)	$4.506M (+23.2%)	3.6%	$93.55	+26.3%	COM	651639106
RGLD	ROYAL GOLD INC	18,340 (+6.4%)	$4.667M (+21.8%)	3.8%	$202.67	+33.2%	COM	780287108
XOM	EXXON MOBIL CORP	4,634 (+172.6%)	$786K (+284.3%)	0.6%	$130.21	+6.6%	COM	30231G102
EIC	EAGLE POINT INCOME COMPANY I	603,019 (+33.4%)	$5.692M (+10.3%)	4.6%	$10.92	—	COM	269817102
BCYC	BICYCLE THERAPEUTICS PLC	176,136 (+1.4%)	$817K (-33.5%)	0.7%	$7.05	—	SPONSORED ADS	088786108
ANGI	ANGI INC	485,290 (+72.0%)	$3.324M (-8.9%)	2.7%	$12.30	-6.5%	CL A NEW	00183L201
—	SABA CAPITAL INCOME & OPPORT	299,313 (+5.9%)	$2.49M (+6.8%)	2.0%	$8.25	—	COM NEW	880198205
DFAX	DIMENSIONAL ETF TRUST	68,464 (+1.9%)	$2.326M (+5.8%)	1.9%	$32.75	—	WORLD EX US CORE	25434V880
—	SABA CAPITAL INCOME & OPRNT	405,786 (+2.5%)	$2.735M (-1.4%)	2.2%	$7.00	—	SHS NEW	78518H202
LODE	COMSTOCK INC	849,788 (+22.4%)	$2.592M (-0.7%)	2.1%	$3.40	-0.6%	COM SHS	205750409
FPH	FIVE POINT HOLDINGS LLC	141,707 (+13.3%)	$686K (-1.9%)	0.6%	$5.87	-6.1%	COM CL A	33833Q106

Exited Positions (4)

UNH UNITEDHEALTH GROUP INC 3.1%

Value $3.839M Shares 11,630 Est. Cost $337.21 Unrealized -8.5%

UPS UNITED PARCEL SERVICE INC 2.8%

Value $3.425M Shares 34,531 Est. Cost $92.75 Unrealized +18.5%

WKC WORLD KINECT CORPORATION 0.5%

Value $645K Shares 27,544 Est. Cost $24.65 Unrealized +7.7%

CLIR CLEARSIGN TECHNOLOGIES CORP 0.0%

Value $7,535 Shares 13,549 Est. Cost $0.80 Unrealized -18.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	UNITEDHEALTH GROUP INC	11,630	$3.839M	3.1%	$337.21	-8.5%	—	91324P102
UPS	UNITED PARCEL SERVICE INC	34,531	$3.425M	2.8%	$92.75	+18.5%	—	911312106
WKC	WORLD KINECT CORPORATION	27,544	$645K	0.5%	$24.65	+7.7%	—	981475106
CLIR	CLEARSIGN TECHNOLOGIES CORP	13,549	$7,535	0.0%	$0.80	-18.2%	—	185064102

Decreased Positions (16)

GPN GLOBAL PMTS INC 0.8%

Value $1.028M (-78.3%) Shares 15,270 (-75.0%) Est. Cost $80.29 Unrealized -6.7%

JRVR JAMES RIV GROUP HOLDINGS INC 0.1%

Value $89,460 (-97.4%) Shares 14,200 (-97.4%) Est. Cost $6.36 Unrealized —

LYB LYONDELLBASELL INDUSTRIES NV 0.7%

Value $841K (-75.9%) Shares 10,442 (-87.1%) Est. Cost $44.45 Unrealized +17.9%

IAC IAC INC 1.6%

Value $2.046M (-47.5%) Shares 51,105 (-48.7%) Est. Cost $35.02 Unrealized +7.6%

GPCR STRUCTURE THERAPEUTICS INC 1.4%

Value $1.735M (-48.8%) Shares 36,000 (-26.1%) Est. Cost $69.55 Unrealized —

EIDO ISHARES TR 0.1%

Value $158K (-88.8%) Shares 10,000 (-86.7%) Est. Cost $18.70 Unrealized —

JD JD.COM INC 1.0%

Value $1.254M (-48.0%) Shares 42,392 (-49.5%) Est. Cost $28.70 Unrealized —

MUR MURPHY OIL CORP 6.2%

Value $7.724M (+10.9%) Shares 187,256 (-16.0%) Est. Cost $29.61 Unrealized +7.3%

VET VERMILION ENERGY INC 1.5%

Value $1.898M (-21.2%) Shares 137,700 (-52.3%) Est. Cost $8.26 Unrealized +15.0%

GLD SPDR GOLD TR 10.9%

Value $13.49M (+3.1%) Shares 31,357 (-5.0%) Est. Cost $396.31 Unrealized —

EDAP EDAP TMS S A 2.3%

Value $2.914M (+11.1%) Shares 783,446 (-1.7%) Est. Cost $3.29 Unrealized —

EU ENCORE ENERGY CORP 0.1%

Value $94,126 (-75.1%) Shares 52,292 (-65.7%) Est. Cost $2.86 Unrealized +1.8%

BCE BCE INC 4.0%

Value $4.961M (+3.5%) Shares 196,569 (-2.3%) Est. Cost $23.04 Unrealized +8.6%

GEL GENESIS ENERGY L P 1.2%

Value $1.52M (+4.3%) Shares 85,232 (-8.7%) Est. Cost $15.60 Unrealized —

— BRANDYWINEGBL GBL INCM OPP F 0.1%

Value $115K (-23.6%) Shares 15,000 (-16.7%) Est. Cost $8.37 Unrealized —

JNJ JOHNSON & JOHNSON 0.2%

Value $213K (+6.0%) Shares 872 (-10.3%) Est. Cost $197.01 Unrealized +15.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GPN	GLOBAL PMTS INC	15,270 (-75.0%)	$1.028M (-78.3%)	0.8%	$80.29	-6.7%	COM	37940X102
JRVR	JAMES RIV GROUP HOLDINGS INC	14,200 (-97.4%)	$89,460 (-97.4%)	0.1%	$6.36	—	COM SHS	46990A102
LYB	LYONDELLBASELL INDUSTRIES NV	10,442 (-87.1%)	$841K (-75.9%)	0.7%	$44.45	+17.9%	SHS - A -	N53745100
IAC	IAC INC	51,105 (-48.7%)	$2.046M (-47.5%)	1.6%	$35.02	+7.6%	COM NEW	44891N208
GPCR	STRUCTURE THERAPEUTICS INC	36,000 (-26.1%)	$1.735M (-48.8%)	1.4%	$69.55	—	SPONSORED ADS	86366E106
EIDO	ISHARES TR	10,000 (-86.7%)	$158K (-88.8%)	0.1%	$18.70	—	MSCI INDONIA ETF	46429B309
JD	JD.COM INC	42,392 (-49.5%)	$1.254M (-48.0%)	1.0%	$28.70	—	SPON ADS CL A	47215P106
MUR	MURPHY OIL CORP	187,256 (-16.0%)	$7.724M (+10.9%)	6.2%	$29.61	+7.3%	COM	626717102
VET	VERMILION ENERGY INC	137,700 (-52.3%)	$1.898M (-21.2%)	1.5%	$8.26	+15.0%	COM	923725105
GLD	SPDR GOLD TR	31,357 (-5.0%)	$13.49M (+3.1%)	10.9%	$396.31	—	GOLD SHS	78463V107
EDAP	EDAP TMS S A	783,446 (-1.7%)	$2.914M (+11.1%)	2.3%	$3.29	—	SPONSORED ADR	268311107
EU	ENCORE ENERGY CORP	52,292 (-65.7%)	$94,126 (-75.1%)	0.1%	$2.86	+1.8%	COM NEW	29259W700
BCE	BCE INC	196,569 (-2.3%)	$4.961M (+3.5%)	4.0%	$23.04	+8.6%	COM NEW	05534B760
GEL	GENESIS ENERGY L P	85,232 (-8.7%)	$1.52M (+4.3%)	1.2%	$15.60	—	UNIT LTD PARTN	371927104
—	BRANDYWINEGBL GBL INCM OPP F	15,000 (-16.7%)	$115K (-23.6%)	0.1%	$8.37	—	COM	10537L104
JNJ	JOHNSON & JOHNSON	872 (-10.3%)	$213K (+6.0%)	0.2%	$197.01	+15.7%	COM	478160104

Unchanged Positions (17)

ORGO ORGANOGENESIS HLDGS INC 0.8%

Value $996K Shares 420,091 Est. Cost $4.85 Unrealized -17.6%

EWZ ISHARES INC 4.2%

Value $5.213M Shares 135,793 Est. Cost $31.77 Unrealized —

COLD AMERICOLD REALTY TRUST INC 3.3%

Value $4.073M Shares 355,413 Est. Cost $12.86 Unrealized —

XIFR XPLR INFRASTRUCTURE LP 5.0%

Value $6.192M Shares 583,084 Est. Cost $9.69 Unrealized +6.1%

NRIX NURIX THERAPEUTICS INC 1.0%

Value $1.243M Shares 80,200 Est. Cost $14.37 Unrealized +20.7%

LMNR LIMONEIRA CO 1.8%

Value $2.297M Shares 171,132 Est. Cost $14.04 Unrealized -0.1%

KSPI KASPI KZ JSC 2.4%

Value $3.024M Shares 40,824 Est. Cost $78.13 Unrealized —

ARE ALEXANDRIA REAL ESTATE EQ IN 2.1%

Value $2.667M Shares 57,460 Est. Cost $58.01 Unrealized -15.6%

RVMD REVOLUTION MEDICINES INC 0.6%

Value $771K Shares 7,933 Est. Cost $65.57 Unrealized +57.1%

RARE ULTRAGENYX PHARMACEUTICAL IN 1.0%

Value $1.187M Shares 56,638 Est. Cost $32.88 Unrealized -29.0%

ET ENERGY TRANSFER L P 0.4%

Value $521K Shares 27,000 Est. Cost $16.49 Unrealized —

CMPS COMPASS PATHWAYS PLC 0.2%

Value $291K Shares 52,566 Est. Cost $6.90 Unrealized —

WY WEYERHAEUSER CO 1.4%

Value $1.721M Shares 70,450 Est. Cost $22.99 Unrealized +3.5%

PTCT PTC THERAPEUTICS INC 0.3%

Value $409K Shares 6,000 Est. Cost $72.67 Unrealized +1.4%

IDYA IDEAYA BIOSCIENCES INC 1.1%

Value $1.308M Shares 39,242 Est. Cost $31.88 Unrealized +6.2%

CDZI CADIZ INC 0.2%

Value $264K Shares 53,815 Est. Cost $5.37 Unrealized +5.9%

— ASA GOLD AND PRECIOUS MTLS L 0.5%

Value $590K Shares 9,504 Est. Cost $59.67 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ORGO	ORGANOGENESIS HLDGS INC	420,091	$996K	0.8%	$4.85	-17.6%	COM	68621F102
EWZ	ISHARES INC	135,793	$5.213M	4.2%	$31.77	—	MSCI BRAZIL ETF	464286400
COLD	AMERICOLD REALTY TRUST INC	355,413	$4.073M	3.3%	$12.86	—	COM	03064D108
XIFR	XPLR INFRASTRUCTURE LP	583,084	$6.192M	5.0%	$9.69	+6.1%	COM UNIT PART IN	65341B106
NRIX	NURIX THERAPEUTICS INC	80,200	$1.243M	1.0%	$14.37	+20.7%	COM	67080M103
LMNR	LIMONEIRA CO	171,132	$2.297M	1.8%	$14.04	-0.1%	COM	532746104
KSPI	KASPI KZ JSC	40,824	$3.024M	2.4%	$78.13	—	SPONSORED ADS	48581R205
ARE	ALEXANDRIA REAL ESTATE EQ IN	57,460	$2.667M	2.1%	$58.01	-15.6%	COM	015271109
RVMD	REVOLUTION MEDICINES INC	7,933	$771K	0.6%	$65.57	+57.1%	COM	76155X100
RARE	ULTRAGENYX PHARMACEUTICAL IN	56,638	$1.187M	1.0%	$32.88	-29.0%	COM	90400D108
ET	ENERGY TRANSFER L P	27,000	$521K	0.4%	$16.49	—	COM UT LTD PTN	29273V100
CMPS	COMPASS PATHWAYS PLC	52,566	$291K	0.2%	$6.90	—	SPONSORED ADS	20451W101
WY	WEYERHAEUSER CO	70,450	$1.721M	1.4%	$22.99	+3.5%	COM NEW	962166104
PTCT	PTC THERAPEUTICS INC	6,000	$409K	0.3%	$72.67	+1.4%	COM	69366J200
IDYA	IDEAYA BIOSCIENCES INC	39,242	$1.308M	1.1%	$31.88	+6.2%	COM	45166A102
CDZI	CADIZ INC	53,815	$264K	0.2%	$5.37	+5.9%	COM NEW	127537207
—	ASA GOLD AND PRECIOUS MTLS L	9,504	$590K	0.5%	$59.67	—	SHS	G3156P103