INTREPID CAPITAL MANAGEMENT INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Cerence Inc	13,500,000	$12,191	4.7%	$0.90	—	CORP	156727AD1
—	Bandwidth Inc	5,984,000	$5,227	2.0%	$0.87	—	CORP	05988JAD5
LLYVA	Liberty Live Holdings Inc Ser A	46,149	$3,761	1.5%	$83.24	0.0%	COM	530909100
UNF	Unifirst Corp Ma	14,310	$2,760	1.1%	$168.52	0.0%	COM	904708104
PR	PERMIAN RESOURCES CORP CLASS A	172,000	$2,413	0.9%	$13.43	0.0%	COM	71424F105
FISV	FISERV INC	17,038	$1,144	0.4%	$83.87	0.0%	COM	337738108
MRK	MERCK AND CO INC	2,044	$215	0.1%	$93.24	0.0%	COM	58933Y105
CSCO	CISCO SYS INC	2,716	$209	0.1%	$73.79	0.0%	COM	17275R102

Increased Positions (17)

— Groupon Inc 6.6%

Value ($000) $16,988 (+138.0%) Shares 19,250,000 (+148.4%) Est. Cost $0.90 Unrealized —

MSOS Advisorshares Pure Us Cannabis Etf 0.4%

Value ($000) $1,023 (+458.4%) Shares 216,750 (+466.7%) Est. Cost $5.39 Unrealized —

DIHP DIMENSIONAL INTERN HIGH PROFIT ETF 1.5%

Value ($000) $3,830 (+11.5%) Shares 120,943 (+7.0%) Est. Cost $28.31 Unrealized —

DUHP DIMENSIONAL US HIGH PROFTBLTY ETF 6.8%

Value ($000) $17,573 (+2.1%) Shares 462,076 (+1.4%) Est. Cost $29.67 Unrealized —

WM WASTE MANAGEMENT INC 0.4%

Value ($000) $1,066 (+47.6%) Shares 4,851 (+48.3%) Est. Cost $220.06 Unrealized -3.4%

AMGN AMGEN INC 0.6%

Value ($000) $1,499 (+27.3%) Shares 4,581 (+9.8%) Est. Cost $278.19 Unrealized +13.6%

WMT WALMART INC 0.8%

Value ($000) $2,155 (+10.0%) Shares 19,345 (+1.8%) Est. Cost $69.53 Unrealized +54.2%

SPOT SPOTIFY TECHNOLOGY F 0.5%

Value ($000) $1,216 (+11.4%) Shares 2,094 (+33.9%) Est. Cost $646.14 Unrealized -3.3%

PM PHILIP MORRIS INTL 1.5%

Value ($000) $3,818 (+3.0%) Shares 23,804 (+4.2%) Est. Cost $142.82 Unrealized +7.5%

FWONK Liberty Media Corp Lbty One Sc 1.2%

Value ($000) $3,064 (+2.3%) Shares 31,106 (+8.5%) Est. Cost $104.02 Unrealized —

TSLA TESLA INC 0.6%

Value ($000) $1,645 (+2.7%) Shares 3,657 (+1.5%) Est. Cost $327.02 Unrealized +35.6%

T A T AND T INC 0.3%

Value ($000) $753 (-4.8%) Shares 30,311 (+8.3%) Est. Cost $20.31 Unrealized +24.5%

TOST TOAST INC CLASS A 0.2%

Value ($000) $634 (+4.3%) Shares 17,843 (+7.2%) Est. Cost $21.04 Unrealized +71.3%

KO THE COCA COLA CO 0.1%

Value ($000) $228 (+6.8%) Shares 3,268 (+1.4%) Est. Cost $69.78 Unrealized -0.6%

HHH HOWARD HUGHES HOLDING CO 1.3%

Value ($000) $3,249 (-0.3%) Shares 40,732 (+2.7%) Est. Cost $66.89 Unrealized +23.8%

TT TRANE TECHNOLOGIES PLC F 0.1%

Value ($000) $225 (+1.4%) Shares 577 (+9.9%) Est. Cost $394.85 Unrealized +4.7%

LMT LOCKHEED MARTIN CORP 0.6%

Value ($000) $1,589 (+0.1%) Shares 3,285 (+3.4%) Est. Cost $444.92 Unrealized +7.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Groupon Inc	19,250,000 (+148.4%)	$16,988 (+138.0%)	6.6%	$0.90	—	CORP	399473AK3
MSOS	Advisorshares Pure Us Cannabis Etf	216,750 (+466.7%)	$1,023 (+458.4%)	0.4%	$5.39	—	COM	00768Y453
DIHP	DIMENSIONAL INTERN HIGH PROFIT ETF	120,943 (+7.0%)	$3,830 (+11.5%)	1.5%	$28.31	—	ETF	25434V765
DUHP	DIMENSIONAL US HIGH PROFTBLTY ETF	462,076 (+1.4%)	$17,573 (+2.1%)	6.8%	$29.67	—	ETF	25434V831
WM	WASTE MANAGEMENT INC	4,851 (+48.3%)	$1,066 (+47.6%)	0.4%	$220.06	-3.4%	COM	94106L109
AMGN	AMGEN INC	4,581 (+9.8%)	$1,499 (+27.3%)	0.6%	$278.19	+13.6%	COM	031162100
WMT	WALMART INC	19,345 (+1.8%)	$2,155 (+10.0%)	0.8%	$69.53	+54.2%	COM	931142103
SPOT	SPOTIFY TECHNOLOGY F	2,094 (+33.9%)	$1,216 (+11.4%)	0.5%	$646.14	-3.3%	COM	L8681T102
PM	PHILIP MORRIS INTL	23,804 (+4.2%)	$3,818 (+3.0%)	1.5%	$142.82	+7.5%	COM	718172109
FWONK	Liberty Media Corp Lbty One Sc	31,106 (+8.5%)	$3,064 (+2.3%)	1.2%	$104.02	—	COM	531229755
TSLA	TESLA INC	3,657 (+1.5%)	$1,645 (+2.7%)	0.6%	$327.02	+35.6%	COM	88160R101
T	A T AND T INC	30,311 (+8.3%)	$753 (-4.8%)	0.3%	$20.31	+24.5%	COM	00206R102
TOST	TOAST INC CLASS A	17,843 (+7.2%)	$634 (+4.3%)	0.2%	$21.04	+71.3%	COM	888787108
KO	THE COCA COLA CO	3,268 (+1.4%)	$228 (+6.8%)	0.1%	$69.78	-0.6%	COM	191216100
HHH	HOWARD HUGHES HOLDING CO	40,732 (+2.7%)	$3,249 (-0.3%)	1.3%	$66.89	+23.8%	COM	44267T102
TT	TRANE TECHNOLOGIES PLC F	577 (+9.9%)	$225 (+1.4%)	0.1%	$394.85	+4.7%	COM	G8994E103
LMT	LOCKHEED MARTIN CORP	3,285 (+3.4%)	$1,589 (+0.1%)	0.6%	$444.92	+7.0%	COM	539830109

Exited Positions (10)

— Green Plains Inc 10.1%

Value ($000) $26,176 Shares 27,400,000 Est. Cost $0.84 Unrealized —

— LIBERTY MEDIA CORP 1.7%

Value ($000) $4,352 Shares 46,149 Est. Cost $38.00 Unrealized —

— Wns Holdings Ltd 0.8%

Value ($000) $2,181 Shares 28,601 Est. Cost $57.11 Unrealized —

XLK TECHNOLOGY SELECT SECTORSPDR ETF 0.2%

Value ($000) $497 Shares 1,764 Est. Cost $281.86 Unrealized —

CSX CSX CORP 0.1%

Value ($000) $310 Shares 8,738 Est. Cost $29.60 Unrealized +20.6%

XLF SELECT SPDR ETF 0.1%

Value ($000) $310 Shares 5,749 Est. Cost $53.87 Unrealized —

CALY Topgolf Callaway Brands Corp 0.1%

Value ($000) $272 Shares 28,613 Est. Cost $6.88 Unrealized +53.3%

AJG ARTHUR J GALLAGHER AND C 0.1%

Value ($000) $232 Shares 750 Est. Cost $313.31 Unrealized -15.7%

EPD ENTERPRISE PRODS PART LP 0.1%

Value ($000) $208 Shares 6,653 Est. Cost $31.36 Unrealized —

SPY SPDR S AND P 500 ETF 0.1%

Value ($000) $203 Shares 305 Est. Cost $666.18 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	Green Plains Inc	27,400,000	$26,176	10.1%	$0.84	—	—	393222AK0
—	LIBERTY MEDIA CORP	46,149	$4,352	1.7%	$38.00	—	—	531229748
—	Wns Holdings Ltd	28,601	$2,181	0.8%	$57.11	—	—	G98196101
XLK	TECHNOLOGY SELECT SECTORSPDR ETF	1,764	$497	0.2%	$281.86	—	—	81369Y803
CSX	CSX CORP	8,738	$310	0.1%	$29.60	+20.6%	—	126408103
XLF	SELECT SPDR ETF	5,749	$310	0.1%	$53.87	—	—	81369Y605
CALY	Topgolf Callaway Brands Corp	28,613	$272	0.1%	$6.88	+53.3%	—	131193104
AJG	ARTHUR J GALLAGHER AND C	750	$232	0.1%	$313.31	-15.7%	—	363576109
EPD	ENTERPRISE PRODS PART LP	6,653	$208	0.1%	$31.36	—	—	293792107
SPY	SPDR S AND P 500 ETF	305	$203	0.1%	$666.18	—	—	78462F103

Decreased Positions (21)

FN FABRINET F 0.1%

Value ($000) $306 (-93.2%) Shares 672 (-94.5%) Est. Cost $100.24 Unrealized +334.0%

REFI CHICAGO ATLANTIC REAL ES 0.4%

Value ($000) $906 (-67.0%) Shares 73,922 (-65.6%) Est. Cost $15.31 Unrealized —

CEF SPROTT PHYSICAL GOLD and S 3.9%

Value ($000) $10,079 (+21.7%) Shares 220,068 (-2.5%) Est. Cost $17.79 Unrealized —

SCHX SCHWAB US LARGE CAP ETF 0.3%

Value ($000) $877 (-47.6%) Shares 32,576 (-48.8%) Est. Cost $37.75 Unrealized —

NKE NIKE INCCLASS B 0.1%

Value ($000) $210 (-76.7%) Shares 3,294 (-74.5%) Est. Cost $73.52 Unrealized -11.7%

FRPH FRP HOLDINGS INC 1.5%

Value ($000) $3,938 (-8.4%) Shares 172,786 (-2.1%) Est. Cost $27.65 Unrealized -14.5%

PWR QUANTA SVCS INC 0.1%

Value ($000) $205 (-52.0%) Shares 486 (-52.9%) Est. Cost $288.64 Unrealized +52.2%

VVV Valvoline Inc 0.2%

Value ($000) $523 (-28.3%) Shares 17,998 (-11.4%) Est. Cost $30.42 Unrealized +5.5%

GOOG ALPHABET INC CLASS C 0.4%

Value ($000) $957 (+24.8%) Shares 3,049 (-3.2%) Est. Cost $181.90 Unrealized +57.4%

REG REGENCY CENTERS CORPREIT 0.2%

Value ($000) $619 (-17.5%) Shares 8,966 (-12.9%) Est. Cost $33.42 Unrealized +107.9%

JPM JPMORGAN CHASE AND CO 0.2%

Value ($000) $610 (-14.7%) Shares 1,892 (-16.5%) Est. Cost $186.05 Unrealized +66.4%

XLV SELECT SECTOR HEALTHCARE SPDR ETF 0.2%

Value ($000) $509 (-16.1%) Shares 3,291 (-24.6%) Est. Cost $117.47 Unrealized —

HD HOME DEPOT INC 0.1%

Value ($000) $365 (-19.2%) Shares 1,060 (-4.8%) Est. Cost $389.01 Unrealized -6.3%

QQQ INVESCO QQQ TRUST 1.1%

Value ($000) $2,919 (-2.8%) Shares 4,752 (-5.0%) Est. Cost $455.07 Unrealized —

META FACEBOOK INCCLASS A 0.2%

Value ($000) $501 (-11.9%) Shares 759 (-1.9%) Est. Cost $312.65 Unrealized +113.4%

AMD ADVANCED MICRO DEVICES INC 0.8%

Value ($000) $1,966 (+2.9%) Shares 9,180 (-22.3%) Est. Cost $124.38 Unrealized +80.6%

ONIT ONITY GROUP INC CLASS EQUITY 0.1%

Value ($000) $374 (+12.3%) Shares 8,171 (-2.0%) Est. Cost $35.33 Unrealized +16.2%

NEE NEXTERA ENERGY INC 0.3%

Value ($000) $796 (-1.9%) Shares 9,913 (-7.8%) Est. Cost $68.42 Unrealized +20.6%

IVV ISHARES CORE SANDP 500ETF 0.1%

Value ($000) $308 (-4.1%) Shares 449 (-6.3%) Est. Cost $376.46 Unrealized —

IWY ISHARES RUSSELL TOP 200GRW ETF IV 0.1%

Value ($000) $284 (-2.6%) Shares 1,024 (-3.8%) Est. Cost $119.50 Unrealized —

CVX CHEVRON CORP 0.1%

Value ($000) $201 (-3.5%) Shares 1,317 (-1.6%) Est. Cost $152.28 Unrealized -0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FN	FABRINET F	672 (-94.5%)	$306 (-93.2%)	0.1%	$100.24	+334.0%	COM	G3323L100
REFI	CHICAGO ATLANTIC REAL ES	73,922 (-65.6%)	$906 (-67.0%)	0.4%	$15.31	—	COM	167239102
CEF	SPROTT PHYSICAL GOLD and S	220,068 (-2.5%)	$10,079 (+21.7%)	3.9%	$17.79	—	Fund	85208R101
SCHX	SCHWAB US LARGE CAP ETF	32,576 (-48.8%)	$877 (-47.6%)	0.3%	$37.75	—	ETF	808524201
NKE	NIKE INCCLASS B	3,294 (-74.5%)	$210 (-76.7%)	0.1%	$73.52	-11.7%	COM	654106103
FRPH	FRP HOLDINGS INC	172,786 (-2.1%)	$3,938 (-8.4%)	1.5%	$27.65	-14.5%	COM	30292L107
PWR	QUANTA SVCS INC	486 (-52.9%)	$205 (-52.0%)	0.1%	$288.64	+52.2%	COM	74762E102
VVV	Valvoline Inc	17,998 (-11.4%)	$523 (-28.3%)	0.2%	$30.42	+5.5%	COM	92047W101
GOOG	ALPHABET INC CLASS C	3,049 (-3.2%)	$957 (+24.8%)	0.4%	$181.90	+57.4%	COM	02079K107
REG	REGENCY CENTERS CORPREIT	8,966 (-12.9%)	$619 (-17.5%)	0.2%	$33.42	+107.9%	COM	758849103
JPM	JPMORGAN CHASE AND CO	1,892 (-16.5%)	$610 (-14.7%)	0.2%	$186.05	+66.4%	COM	46625H100
XLV	SELECT SECTOR HEALTHCARE SPDR ETF	3,291 (-24.6%)	$509 (-16.1%)	0.2%	$117.47	—	ETF	81369Y209
HD	HOME DEPOT INC	1,060 (-4.8%)	$365 (-19.2%)	0.1%	$389.01	-6.3%	COM	437076102
QQQ	INVESCO QQQ TRUST	4,752 (-5.0%)	$2,919 (-2.8%)	1.1%	$455.07	—	ETF	46090E103
META	FACEBOOK INCCLASS A	759 (-1.9%)	$501 (-11.9%)	0.2%	$312.65	+113.4%	COM	30303M102
AMD	ADVANCED MICRO DEVICES INC	9,180 (-22.3%)	$1,966 (+2.9%)	0.8%	$124.38	+80.6%	COM	007903107
ONIT	ONITY GROUP INC CLASS EQUITY	8,171 (-2.0%)	$374 (+12.3%)	0.1%	$35.33	+16.2%	COM	675746606
NEE	NEXTERA ENERGY INC	9,913 (-7.8%)	$796 (-1.9%)	0.3%	$68.42	+20.6%	COM	65339F101
IVV	ISHARES CORE SANDP 500ETF	449 (-6.3%)	$308 (-4.1%)	0.1%	$376.46	—	ETF	464287200
IWY	ISHARES RUSSELL TOP 200GRW ETF IV	1,024 (-3.8%)	$284 (-2.6%)	0.1%	$119.50	—	ETF	464289438
CVX	CHEVRON CORP	1,317 (-1.6%)	$201 (-3.5%)	0.1%	$152.28	-0.6%	COM	166764100

Unchanged Positions (61)

GOOGL ALPHABET INC CLASS A 4.6%

Value ($000) $11,769 Shares 37,599 Est. Cost $138.22 Unrealized +106.6%

GMED GLOBUS MEDICAL INCCLASS A 1.0%

Value ($000) $2,489 Shares 28,509 Est. Cost $48.24 Unrealized +57.3%

DLTR DOLLAR TREE INC 1.4%

Value ($000) $3,594 Shares 29,214 Est. Cost $79.40 Unrealized +34.9%

IAU Ishares Gold Trust 2.3%

Value ($000) $6,059 Shares 74,648 Est. Cost $40.45 Unrealized —

SII SPROTT INC F 1.5%

Value ($000) $3,893 Shares 39,752 Est. Cost $35.04 Unrealized +153.1%

GRMN GARMIN LTD F 0.9%

Value ($000) $2,410 Shares 11,882 Est. Cost $93.69 Unrealized +131.3%

FCX FREEPORT MCMORAN INC 0.7%

Value ($000) $1,925 Shares 37,894 Est. Cost $39.47 Unrealized +9.7%

MSGS MADISON SQUARE GARDEN COCLASS A 1.4%

Value ($000) $3,552 Shares 13,734 Est. Cost $204.99 Unrealized +11.0%

GRBK Green Brick Partners Inc 0.8%

Value ($000) $2,118 Shares 33,800 Est. Cost $59.27 Unrealized +11.2%

MKL MARKEL CORP 1.2%

Value ($000) $3,209 Shares 1,493 Est. Cost $1499.71 Unrealized +35.1%

WRB W R BERKLEY CORP 1.4%

Value ($000) $3,723 Shares 53,097 Est. Cost $48.17 Unrealized +51.0%

— Pennymac Corp 3.7%

Value ($000) $9,567 Shares 9,000,000 Est. Cost $1.01 Unrealized —

CPRT COPART INC 0.8%

Value ($000) $2,026 Shares 51,758 Est. Cost $35.35 Unrealized +17.3%

WSO WATSCO INC CLASS A 0.6%

Value ($000) $1,433 Shares 4,254 Est. Cost $485.55 Unrealized -26.5%

IAC Iac Inc New 0.8%

Value ($000) $2,160 Shares 55,249 Est. Cost $36.42 Unrealized -3.9%

JNJ JOHNSON AND JOHNSON 1.0%

Value ($000) $2,647 Shares 12,789 Est. Cost $147.39 Unrealized +33.7%

MTCH MATCH GROUP INC NEW 1.0%

Value ($000) $2,695 Shares 83,477 Est. Cost $33.31 Unrealized -1.4%

LEVI LEVI STRAUSS AND CO NEWCLASS A 0.8%

Value ($000) $2,030 Shares 97,860 Est. Cost $17.45 Unrealized +22.5%

ABNB AIRBNB INC ORDINARY SHARES CLASS A 0.8%

Value ($000) $2,146 Shares 15,815 Est. Cost $126.67 Unrealized -1.7%

TJX TJX COMPANIES INC 1.4%

Value ($000) $3,665 Shares 23,856 Est. Cost $60.72 Unrealized +143.3%

MSFT MICROSOFT CORP 1.1%

Value ($000) $2,874 Shares 5,942 Est. Cost $325.82 Unrealized +53.6%

AAPL APPLE INC 1.2%

Value ($000) $3,007 Shares 11,062 Est. Cost $166.33 Unrealized +61.3%

PII POLARIS INC 0.8%

Value ($000) $2,005 Shares 31,706 Est. Cost $47.05 Unrealized +39.9%

BATRK Atlanta Braves Holdings Inc Ser C 1.1%

Value ($000) $2,950 Shares 74,771 Est. Cost $39.82 Unrealized -0.7%

DBX DROPBOX INC 0.6%

Value ($000) $1,526 Shares 54,901 Est. Cost $22.84 Unrealized +27.5%

LIEN Chicago Atlantic Bdc Inc 3.0%

Value ($000) $7,844 Shares 759,303 Est. Cost $10.91 Unrealized -7.1%

AYI ACUITY BRANDS INC 1.1%

Value ($000) $2,954 Shares 8,205 Est. Cost $286.00 Unrealized +26.3%

JEF JEFFERIES FINL 0.9%

Value ($000) $2,232 Shares 36,012 Est. Cost $17.56 Unrealized +222.8%

AMZN AMAZON COM INC 0.9%

Value ($000) $2,421 Shares 10,489 Est. Cost $144.45 Unrealized +58.4%

BJ BJS WHOLESALE CLUB HOLDINGS INC 0.8%

Value ($000) $2,186 Shares 24,276 Est. Cost $75.20 Unrealized +22.1%

CAT CATERPILLAR INC 0.2%

Value ($000) $437 Shares 763 Est. Cost $220.44 Unrealized +152.0%

CG CARLYLE GROUP INC 0.4%

Value ($000) $1,099 Shares 18,590 Est. Cost $34.12 Unrealized +65.0%

— Pennymac Corp 2.8%

Value ($000) $7,121 Shares 7,110,000 Est. Cost $0.99 Unrealized —

SMG Scotts Miracle Gro Co Cl A 0.8%

Value ($000) $2,039 Shares 34,942 Est. Cost $55.60 Unrealized -0.8%

GLD SPDR GOLD SHARES ETF 0.2%

Value ($000) $399 Shares 1,006 Est. Cost $290.54 Unrealized —

SSNC SSANDC TECHNOLOGIES HOLDINGS INC 0.9%

Value ($000) $2,219 Shares 25,381 Est. Cost $82.36 Unrealized +3.5%

MO ALTRIA GROUP INC 0.1%

Value ($000) $231 Shares 4,000 Est. Cost $48.95 Unrealized +21.3%

BK BANK OF NY MELLON CO 0.2%

Value ($000) $524 Shares 4,518 Est. Cost $39.91 Unrealized +176.9%

PLTR PALANTIR TECHNOLOGIES INCLASS A 0.4%

Value ($000) $1,140 Shares 6,412 Est. Cost $22.74 Unrealized +696.2%

APD AIR PROD AND CHEMICALS 0.1%

Value ($000) $282 Shares 1,142 Est. Cost $277.91 Unrealized -9.5%

TTWO TAKE TWO INTERACTV 1.2%

Value ($000) $3,070 Shares 11,989 Est. Cost $124.47 Unrealized +100.3%

CBOE CBOE GLOBAL MKTS INC 0.5%

Value ($000) $1,184 Shares 4,716 Est. Cost $222.22 Unrealized +11.9%

TRIP Tripadvisor Inc 0.1%

Value ($000) $215 Shares 14,784 Est. Cost $13.37 Unrealized +13.8%

IBM IBM CORP 0.2%

Value ($000) $476 Shares 1,606 Est. Cost $253.82 Unrealized +17.7%

COST COSTCO WHOLESALE CO 0.1%

Value ($000) $245 Shares 284 Est. Cost $797.40 Unrealized +13.6%

MPLX MPLX LP 0.1%

Value ($000) $267 Shares 5,000 Est. Cost $47.86 Unrealized —

MAIN MAIN STR CAP CORP 0.1%

Value ($000) $302 Shares 5,000 Est. Cost $53.30 Unrealized +10.6%

ENB ENBRIDGE INC F 0.1%

Value ($000) $265 Shares 5,532 Est. Cost $39.21 Unrealized +20.2%

PG PROCTER AND GAMBLE 0.1%

Value ($000) $200 Shares 1,397 Est. Cost $158.70 Unrealized -7.3%

AGG ISHARES TR CORE U S AGGREGATE BD ETF 1.5%

Value ($000) $3,917 Shares 39,218 Est. Cost $99.45 Unrealized —

NVDA NVIDIA CORP 1.5%

Value ($000) $3,952 Shares 21,189 Est. Cost $114.41 Unrealized +62.7%

DGRO ISHARES CORE DIVIDEND GROWTH ETF 0.2%

Value ($000) $519 Shares 7,479 Est. Cost $58.06 Unrealized —

BRK/B BERKSHIRE HATHAWAYCLASS B 2.6%

Value ($000) $6,664 Shares 13,258 Est. Cost $203.22 Unrealized +144.8%

ABBV ABBVIE INC 0.3%

Value ($000) $682 Shares 2,984 Est. Cost $167.68 Unrealized +35.7%

KMI KINDER MORGAN INC 0.1%

Value ($000) $303 Shares 11,010 Est. Cost $25.42 Unrealized +5.9%

LDRX SGI ENHANCED MARKET LEADERS ETF 0.1%

Value ($000) $239 Shares 7,268 Est. Cost $29.41 Unrealized —

CME Cme Group Inc 0.2%

Value ($000) $596 Shares 2,183 Est. Cost $148.17 Unrealized +82.7%

GE GE AEROSPACE 0.1%

Value ($000) $209 Shares 679 Est. Cost $272.69 Unrealized +10.3%

ARCC ARES CAPITAL CORP 0.2%

Value ($000) $424 Shares 20,959 Est. Cost $19.43 Unrealized +1.9%

MA MASTERCARD INCCLASS A 0.1%

Value ($000) $244 Shares 428 Est. Cost $465.28 Unrealized +20.1%

JOB G E E GROUP INC 0.0%

Value ($000) $14 Shares 71,429 Est. Cost $1.01 Unrealized -80.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC CLASS A	37,599	$11,769	4.6%	$138.22	+106.6%	COM	02079K305
GMED	GLOBUS MEDICAL INCCLASS A	28,509	$2,489	1.0%	$48.24	+57.3%	COM	379577208
DLTR	DOLLAR TREE INC	29,214	$3,594	1.4%	$79.40	+34.9%	COM	256746108
IAU	Ishares Gold Trust	74,648	$6,059	2.3%	$40.45	—	COM	464285204
SII	SPROTT INC F	39,752	$3,893	1.5%	$35.04	+153.1%	COM	852066208
GRMN	GARMIN LTD F	11,882	$2,410	0.9%	$93.69	+131.3%	COM	H2906T109
FCX	FREEPORT MCMORAN INC	37,894	$1,925	0.7%	$39.47	+9.7%	COM	35671D857
MSGS	MADISON SQUARE GARDEN COCLASS A	13,734	$3,552	1.4%	$204.99	+11.0%	COM	55825T103
GRBK	Green Brick Partners Inc	33,800	$2,118	0.8%	$59.27	+11.2%	COM	392709101
MKL	MARKEL CORP	1,493	$3,209	1.2%	$1499.71	+35.1%	COM	570535104
WRB	W R BERKLEY CORP	53,097	$3,723	1.4%	$48.17	+51.0%	COM	084423102
—	Pennymac Corp	9,000,000	$9,567	3.7%	$1.01	—	CORP	70932AAH6
CPRT	COPART INC	51,758	$2,026	0.8%	$35.35	+17.3%	COM	217204106
WSO	WATSCO INC CLASS A	4,254	$1,433	0.6%	$485.55	-26.5%	COM	942622200
IAC	Iac Inc New	55,249	$2,160	0.8%	$36.42	-3.9%	COM	44891N208
JNJ	JOHNSON AND JOHNSON	12,789	$2,647	1.0%	$147.39	+33.7%	COM	478160104
MTCH	MATCH GROUP INC NEW	83,477	$2,695	1.0%	$33.31	-1.4%	COM	57667L107
LEVI	LEVI STRAUSS AND CO NEWCLASS A	97,860	$2,030	0.8%	$17.45	+22.5%	COM	52736R102
ABNB	AIRBNB INC ORDINARY SHARES CLASS A	15,815	$2,146	0.8%	$126.67	-1.7%	COM	009066101
TJX	TJX COMPANIES INC	23,856	$3,665	1.4%	$60.72	+143.3%	COM	872540109
MSFT	MICROSOFT CORP	5,942	$2,874	1.1%	$325.82	+53.6%	COM	594918104
AAPL	APPLE INC	11,062	$3,007	1.2%	$166.33	+61.3%	COM	037833100
PII	POLARIS INC	31,706	$2,005	0.8%	$47.05	+39.9%	COM	731068102
BATRK	Atlanta Braves Holdings Inc Ser C	74,771	$2,950	1.1%	$39.82	-0.7%	COM	047726302
DBX	DROPBOX INC	54,901	$1,526	0.6%	$22.84	+27.5%	COM	26210C104
LIEN	Chicago Atlantic Bdc Inc	759,303	$7,844	3.0%	$10.91	-7.1%	COM	828174102
AYI	ACUITY BRANDS INC	8,205	$2,954	1.1%	$286.00	+26.3%	COM	00508Y102
JEF	JEFFERIES FINL	36,012	$2,232	0.9%	$17.56	+222.8%	COM	47233W109
AMZN	AMAZON COM INC	10,489	$2,421	0.9%	$144.45	+58.4%	COM	023135106
BJ	BJS WHOLESALE CLUB HOLDINGS INC	24,276	$2,186	0.8%	$75.20	+22.1%	COM	05550J101
CAT	CATERPILLAR INC	763	$437	0.2%	$220.44	+152.0%	COM	149123101
CG	CARLYLE GROUP INC	18,590	$1,099	0.4%	$34.12	+65.0%	COM	14316J108
—	Pennymac Corp	7,110,000	$7,121	2.8%	$0.99	—	CORP	70932AAF0
SMG	Scotts Miracle Gro Co Cl A	34,942	$2,039	0.8%	$55.60	-0.8%	COM	810186106
GLD	SPDR GOLD SHARES ETF	1,006	$399	0.2%	$290.54	—	ETF	78463V107
SSNC	SSANDC TECHNOLOGIES HOLDINGS INC	25,381	$2,219	0.9%	$82.36	+3.5%	COM	78467J100
MO	ALTRIA GROUP INC	4,000	$231	0.1%	$48.95	+21.3%	COM	02209S103
BK	BANK OF NY MELLON CO	4,518	$524	0.2%	$39.91	+176.9%	COM	064058100
PLTR	PALANTIR TECHNOLOGIES INCLASS A	6,412	$1,140	0.4%	$22.74	+696.2%	COM	69608A108
APD	AIR PROD AND CHEMICALS	1,142	$282	0.1%	$277.91	-9.5%	COM	009158106
TTWO	TAKE TWO INTERACTV	11,989	$3,070	1.2%	$124.47	+100.3%	COM	874054109
CBOE	CBOE GLOBAL MKTS INC	4,716	$1,184	0.5%	$222.22	+11.9%	COM	12503M108
TRIP	Tripadvisor Inc	14,784	$215	0.1%	$13.37	+13.8%	COM	896945201
IBM	IBM CORP	1,606	$476	0.2%	$253.82	+17.7%	COM	459200101
COST	COSTCO WHOLESALE CO	284	$245	0.1%	$797.40	+13.6%	COM	22160K105
MPLX	MPLX LP	5,000	$267	0.1%	$47.86	—	Unit	55336V100
MAIN	MAIN STR CAP CORP	5,000	$302	0.1%	$53.30	+10.6%	Fund	56035L104
ENB	ENBRIDGE INC F	5,532	$265	0.1%	$39.21	+20.2%	COM	29250N105
PG	PROCTER AND GAMBLE	1,397	$200	0.1%	$158.70	-7.3%	COM	742718109
AGG	ISHARES TR CORE U S AGGREGATE BD ETF	39,218	$3,917	1.5%	$99.45	—	ETF	464287226
NVDA	NVIDIA CORP	21,189	$3,952	1.5%	$114.41	+62.7%	COM	67066G104
DGRO	ISHARES CORE DIVIDEND GROWTH ETF	7,479	$519	0.2%	$58.06	—	ETF	46434V621
BRK/B	BERKSHIRE HATHAWAYCLASS B	13,258	$6,664	2.6%	$203.22	+144.8%	COM	084670702
ABBV	ABBVIE INC	2,984	$682	0.3%	$167.68	+35.7%	COM	00287Y109
KMI	KINDER MORGAN INC	11,010	$303	0.1%	$25.42	+5.9%	COM	49456B101
LDRX	SGI ENHANCED MARKET LEADERS ETF	7,268	$239	0.1%	$29.41	—	COM	74933W189
CME	Cme Group Inc	2,183	$596	0.2%	$148.17	+82.7%	COM	12572Q105
GE	GE AEROSPACE	679	$209	0.1%	$272.69	+10.3%	COM	369604301
ARCC	ARES CAPITAL CORP	20,959	$424	0.2%	$19.43	+1.9%	Fund	04010L103
MA	MASTERCARD INCCLASS A	428	$244	0.1%	$465.28	+20.1%	COM	57636Q104
JOB	G E E GROUP INC	71,429	$14	0.0%	$1.01	-80.6%	COM	36165A102