Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	105,000	$68.29M	2.2%	—	—	PUT	78462F103
EA	ELECTRONIC ARTS INC	227,000	$46.28M	1.5%	$202.53	0.0%	COM	285512109
BCSS	BAIN CAP GSS INVT CORP	3,990,000	$40.35M	1.3%	$10.16	0.0%	ORD CL A	G0R78B106
APO	APOLLO GLOBAL MGMT INC	328,200	$36.57M	1.2%	$133.41	0.0%	COM	03769M106
FOXA	FOX CORP	622,000	$36.32M	1.2%	$67.20	0.0%	CL A COM	35137L105
RIG	TRANSOCEAN LTD	4,570,463	$30.3M	1.0%	$5.16	0.0%	REGISTERED SHS	H8817H100
MCW	MISTER CAR WASH INC	4,250,000	$29.62M	1.0%	$6.07	0.0%	COM	60646V105
PEN	PENUMBRA INC	85,000	$27.91M	0.9%	$339.56	0.0%	COM	70975L107
WAT	WATERS CORP	92,000	$27.4M	0.9%	$367.10	0.0%	COM	941848103
KBON	KARBON CAP PARTNERS CORP	2,632,752	$26.49M	0.9%	$10.06	—	ORD SHS CL A	G5225W100
SNAP	SNAP INC	5,500,000	$25.3M	0.8%	$6.59	0.0%	CL A	83304A106
FVAV	FORTRESS VALUE ACQU CORP V	2,475,000	$24.82M	0.8%	$10.03	—	ORD SHS CL A	G3645T104
IGV	ISHARES TR	286,000	$22.89M	0.7%	$80.05	—	EXPANDED TECH	464287515
UNF	UNIFIRST CORP MASS	81,000	$20.38M	0.7%	$214.29	0.0%	COM	904708104
MTAL/U	METALS ACQUISITION CORP II	1,980,000	$19.98M	0.7%	$10.09	—	UNIT 99/99/9999	G60420125
KPET/U	KPET ULTRA PACELINE CORP	1,800,000	$18M	0.6%	$10.00	—	UNIT 99/99/9999	G53157122
SBAC	SBA COMMUNICATIONS CORP	102,000	$17.56M	0.6%	$192.48	0.0%	CL A	78410G104
—	CHEESECAKE FACTORY INC	15,500,000	$15.8M	0.5%	$1.02	—	NOTE 2.000% 3/1	163072AC5
IEAGU	INFINITE EAGLE ACQUISITION C	1,499,000	$15.21M	0.5%	$10.15	—	UNIT 01/13/2031	G4802J129
VSNT	VERSANT MEDIA GROUP INC	384,748	$14.24M	0.5%	$32.14	0.0%	COM CL A	925283103
OIMAU	ONEIM ACQUISITION CORP	1,358,140	$13.73M	0.4%	$10.11	—	UNIT 01/07/2031	G6S74K122
VG	VENTURE GLOBAL INC	831,000	$13.1M	0.4%	$8.89	0.0%	COM CL A	92333F101
DSAC	DAEDALUS SPL ACQUISITION COR	1,132,000	$11.22M	0.4%	$9.91	—	USD CL A ORD SHS	G2616C108
BP	BP PLC	220,000	$10.34M	0.3%	$47.00	—	SPONSORED ADR	055622104
CLBR/U	COLOMBIER ACQUISITION CORP I	1,000,000	$10.18M	0.3%	$10.18	—	UNIT 99/99/9999	G2284A129
HCICU	HENNESSY CAP INVTS CORP VIII	1,000,000	$10M	0.3%	$10.00	—	UNIT 02/02/2031	G44055112
RVMD	REVOLUTION MEDICINES INC	102,400	$9.958M	0.3%	$103.02	0.0%	COM	76155X100
INVH	INVITATION HOMES INC	385,000	$9.567M	0.3%	$27.72	0.0%	COM	46187W107
AVB	AVALONBAY CMNTYS INC	58,000	$9.474M	0.3%	$180.48	0.0%	COM	053484101
DK	DELEK US HLDGS INC NEW	208,700	$9.406M	0.3%	$31.21	0.0%	COM	24665A103
ARI	APOLLO COML REAL ESTATE FIN	883,751	$9.332M	0.3%	$10.56	—	COM	03762U105
CPT	CAMDEN PPTY TR	94,000	$9.18M	0.3%	$110.17	0.0%	SH BEN INT	133131102
CCI	CROWN CASTLE INC	107,000	$8.7M	0.3%	$88.70	0.0%	COM	22822V101
HNRG	HALLADOR ENERGY COMPANY	500,000	$8.14M	0.3%	$19.17	0.0%	COM	40609P105
APA	APA CORPORATION	142,000	$6.026M	0.2%	$26.43	0.0%	COM	03743Q108
VIR	VIR BIOTECHNOLOGY INC	527,800	$4.729M	0.2%	$7.20	0.0%	COM	92764N102
—	ORACLE CORP	100,000	$4.501M	0.1%	$45.01	—	6.5 DEP CUM SR D	68389X204
INFQ/WS	INFLEQTION INC	762,500	$3.374M	0.1%	$4.42	—	*W EXP 02/17/203	45676K111
CRC	CALIFORNIA RES CORP	48,000	$3.323M	0.1%	$52.09	0.0%	COM STOCK	13057Q305
CEPS	CANTOR EQUITY PARTNERS VI IN	309,050	$3.121M	0.1%	$10.10	—	CL A ORD SHS	G1828R101
SM	SM ENERGY COMPANY	74,000	$2.307M	0.1%	$19.89	0.0%	COM	78454L100
YSS	YORK SPACE SYSTEMS INC	95,000	$2.106M	0.1%	$22.17	—	COM	987084100
ARKO	ARKO CORP	327,155	$1.819M	0.1%	$5.53	0.0%	COM	041242108
UMAC	UNUSUAL MACHS INC	50,000	$620K	0.0%	$14.58	0.0%	COM SHS	91532F102
FPS	FORGENT POWER SOLUTIONS INC	20,000	$585K	0.0%	$29.27	—	COM SHS CL A	34631F102
BCSS/WS	BAIN CAP GSS INVT CORP	798,000	$495K	0.0%	$0.62	—	*W EXP 01/01/202	G0R78B114
KBONW	KARBON CAP PARTNERS CORP	658,188	$263K	0.0%	$0.40	—	*W EXP 12/11/203	G5225W118
THM	INTERNATIONAL TOWER HILL MIN	90,000	$207K	0.0%	$2.51	0.0%	COM	46050R102
DSACW	DAEDALUS SPL ACQUISITION COR	283,000	$116K	0.0%	$0.41	—	*W EXP 11/24/203	G2616C116

Increased Positions (19)

NSC NORFOLK SOUTHN CORP 3.0%

Value $91.01M (+54.7%) Shares 317,100 (+55.6%) Est. Cost $286.62 Unrealized +4.0%

VISN VISTANCE NETWORKS INC 2.2%

Value $67.92M (+81.9%) Shares 3,732,000 (+81.2%) Est. Cost $17.80 Unrealized +3.8%

WBD WARNER BROS DISCOVERY INC 2.3%

Value $70.93M (+23.1%) Shares 2,583,000 (+29.1%) Est. Cost $24.47 Unrealized +15.4%

CMCSA COMCAST CORP NEW 1.3%

Value $38.61M (+48.7%) Shares 1,345,000 (+54.8%) Est. Cost $28.99 Unrealized +2.9%

— VISHAY INTERTECHNOLOGY INC 1.6%

Value $49.84M (+26.0%) Shares 52,000,000 (+18.2%) Est. Cost $0.92 Unrealized —

STZ CONSTELLATION BRANDS INC 3.0%

Value $90.93M (+12.3%) Shares 606,200 (+3.3%) Est. Cost $152.84 Unrealized +2.1%

RAC RITHM ACQUISITION CORP 0.8%

Value $23.19M (+60.6%) Shares 2,230,000 (+60.5%) Est. Cost $10.34 Unrealized +0.6%

SNCY SUN CTRY AIRLS HLDGS INC 0.6%

Value $17.09M (+85.6%) Shares 1,034,499 (+61.6%) Est. Cost $14.05 Unrealized +31.5%

IAC IAC INC 1.1%

Value $32.82M (+24.0%) Shares 820,000 (+21.1%) Est. Cost $35.49 Unrealized +6.2%

SATS ECHOSTAR CORP 0.9%

Value $26.69M (+29.9%) Shares 228,000 (+20.6%) Est. Cost $46.83 Unrealized +148.5%

OXY OCCIDENTAL PETE CORP 0.3%

Value $10.13M (+134.9%) Shares 155,900 (+48.6%) Est. Cost $44.97 Unrealized +1.0%

CTRA COTERRA ENERGY INC 0.2%

Value $6.747M (+122.1%) Shares 192,000 (+66.4%) Est. Cost $26.21 Unrealized +8.1%

— AMPHASTAR PHARMACEUTICALS IN 0.6%

Value $18.22M (+21.5%) Shares 20,265,000 (+24.6%) Est. Cost $0.92 Unrealized —

EQT EQT CORP 0.2%

Value $7.026M (+83.1%) Shares 110,400 (+54.2%) Est. Cost $54.17 Unrealized +2.0%

VCIC VINE HILL CAP INVT CORP. 0.2%

Value $5.776M (+101.5%) Shares 540,817 (+103.2%) Est. Cost $10.81 Unrealized -1.2%

— ANI PHARMACEUTICALS INC 0.9%

Value $29.09M (+9.8%) Shares 23,500,000 (+11.9%) Est. Cost $1.39 Unrealized —

— PAGERDUTY INC 1.0%

Value $29.49M (+8.7%) Shares 32,450,000 (+13.9%) Est. Cost $0.97 Unrealized —

— ITRON INC 0.2%

Value $6.294M (+24.7%) Shares 6,250,000 (+25.0%) Est. Cost $1.01 Unrealized —

ACIC AMERICAN COASTAL INS CORP 0.4%

Value $12.68M (+6.7%) Shares 1,126,987 (+19.8%) Est. Cost $10.55 Unrealized +5.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NSC	NORFOLK SOUTHN CORP	317,100 (+55.6%)	$91.01M (+54.7%)	3.0%	$286.62	+4.0%	COM	655844108
VISN	VISTANCE NETWORKS INC	3,732,000 (+81.2%)	$67.92M (+81.9%)	2.2%	$17.80	+3.8%	COM	20337X109
WBD	WARNER BROS DISCOVERY INC	2,583,000 (+29.1%)	$70.93M (+23.1%)	2.3%	$24.47	+15.4%	COM SER A	934423104
CMCSA	COMCAST CORP NEW	1,345,000 (+54.8%)	$38.61M (+48.7%)	1.3%	$28.99	+2.9%	CL A	20030N101
—	VISHAY INTERTECHNOLOGY INC	52,000,000 (+18.2%)	$49.84M (+26.0%)	1.6%	$0.92	—	NOTE 2.250% 9/1	928298AR9
STZ	CONSTELLATION BRANDS INC	606,200 (+3.3%)	$90.93M (+12.3%)	3.0%	$152.84	+2.1%	CL A	21036P108
RAC	RITHM ACQUISITION CORP	2,230,000 (+60.5%)	$23.19M (+60.6%)	0.8%	$10.34	+0.6%	CL A	G75751100
SNCY	SUN CTRY AIRLS HLDGS INC	1,034,499 (+61.6%)	$17.09M (+85.6%)	0.6%	$14.05	+31.5%	COM	866683105
IAC	IAC INC	820,000 (+21.1%)	$32.82M (+24.0%)	1.1%	$35.49	+6.2%	COM NEW	44891N208
SATS	ECHOSTAR CORP	228,000 (+20.6%)	$26.69M (+29.9%)	0.9%	$46.83	+148.5%	CL A	278768106
OXY	OCCIDENTAL PETE CORP	155,900 (+48.6%)	$10.13M (+134.9%)	0.3%	$44.97	+1.0%	COM	674599105
CTRA	COTERRA ENERGY INC	192,000 (+66.4%)	$6.747M (+122.1%)	0.2%	$26.21	+8.1%	COM	127097103
—	AMPHASTAR PHARMACEUTICALS IN	20,265,000 (+24.6%)	$18.22M (+21.5%)	0.6%	$0.92	—	NOTE 2.000% 3/1	03209RAB9
EQT	EQT CORP	110,400 (+54.2%)	$7.026M (+83.1%)	0.2%	$54.17	+2.0%	COM	26884L109
VCIC	VINE HILL CAP INVT CORP.	540,817 (+103.2%)	$5.776M (+101.5%)	0.2%	$10.81	-1.2%	ORD SHS CL A	G93Y09107
—	ANI PHARMACEUTICALS INC	23,500,000 (+11.9%)	$29.09M (+9.8%)	0.9%	$1.39	—	NOTE 2.250% 9/0	00182CAC7
—	PAGERDUTY INC	32,450,000 (+13.9%)	$29.49M (+8.7%)	1.0%	$0.97	—	NOTE 1.500%10/1	69553PAD2
—	ITRON INC	6,250,000 (+25.0%)	$6.294M (+24.7%)	0.2%	$1.01	—	NOTE 1.375% 7/1	465741AQ9
ACIC	AMERICAN COASTAL INS CORP	1,126,987 (+19.8%)	$12.68M (+6.7%)	0.4%	$10.55	+5.6%	COM	910710102

Exited Positions (19)

PCG PG&E CORP 3.1%

Value $94.81M Shares 5,900,000 Est. Cost $16.68 Unrealized -1.8%

CVS CVS HEALTH CORP 3.0%

Value $92.06M Shares 1,160,000 Est. Cost $59.74 Unrealized +30.5%

UNH UNITEDHEALTH GROUP INC 2.1%

Value $63.71M Shares 193,000 Est. Cost $337.21 Unrealized -8.5%

BCSS/U BAIN CAP GSS INVT CORP 1.3%

Value $40.78M Shares 3,990,000 Est. Cost $10.09 Unrealized —

— TREEHOUSE FOODS INC 1.0%

Value $31.14M Shares 1,320,000 Est. Cost $23.59 Unrealized —

— MKS INC. 1.0%

Value $30.43M Shares 23,800,000 Est. Cost $1.01 Unrealized —

KBONU KARBON CAP PARTNERS CORP 0.9%

Value $26.5M Shares 2,632,752 Est. Cost $10.06 Unrealized —

CRL CHARLES RIV LABS INTL INC 0.8%

Value $24.24M Shares 121,500 Est. Cost $181.39 Unrealized +8.9%

IQV IQVIA HLDGS INC 0.8%

Value $23.59M Shares 104,650 Est. Cost $217.58 Unrealized -3.4%

MDLZ MONDELEZ INTL INC 0.7%

Value $22.5M Shares 418,000 Est. Cost $57.06 Unrealized +1.9%

BXSL BLACKSTONE SECD LENDING FD 0.7%

Value $20.14M Shares 765,000 Est. Cost $26.09 Unrealized -2.4%

TFX TELEFLEX INCORPORATED 0.5%

Value $14.4M Shares 118,000 Est. Cost $121.00 Unrealized -10.2%

DSACU DAEDALUS SPL ACQUISITION COR 0.4%

Value $11.37M Shares 1,132,000 Est. Cost $10.04 Unrealized —

RNAM AVIDITY BIOSCIENCES INC 0.3%

Value $10.31M Shares 143,000 Est. Cost $64.59 Unrealized +12.5%

INFQ/WS CHURCHILL CAP CORP X 0.2%

Value $5.871M Shares 762,500 Est. Cost $7.70 Unrealized —

LAD LITHIA MTRS INC 0.2%

Value $5.118M Shares 15,400 Est. Cost $317.53 Unrealized +1.3%

AEM AGNICO EAGLE MINES LTD 0.2%

Value $4.696M Shares 27,700 Est. Cost $50.41 Unrealized +308.7%

— CABLE ONE INC 0.1%

Value $3.936M Shares 4,000,000 Est. Cost $0.98 Unrealized —

— BLACKLINE INC 0.1%

Value $1.585M Shares 1,500,000 Est. Cost $1.06 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PCG	PG&E CORP	5,900,000	$94.81M	3.1%	$16.68	-1.8%	—	69331C108
CVS	CVS HEALTH CORP	1,160,000	$92.06M	3.0%	$59.74	+30.5%	—	126650100
UNH	UNITEDHEALTH GROUP INC	193,000	$63.71M	2.1%	$337.21	-8.5%	—	91324P102
BCSS/U	BAIN CAP GSS INVT CORP	3,990,000	$40.78M	1.3%	$10.09	—	—	G0R78B122
—	TREEHOUSE FOODS INC	1,320,000	$31.14M	1.0%	$23.59	—	—	89469A104
—	MKS INC.	23,800,000	$30.43M	1.0%	$1.01	—	—	55306NAB0
KBONU	KARBON CAP PARTNERS CORP	2,632,752	$26.5M	0.9%	$10.06	—	—	G5225W126
CRL	CHARLES RIV LABS INTL INC	121,500	$24.24M	0.8%	$181.39	+8.9%	—	159864107
IQV	IQVIA HLDGS INC	104,650	$23.59M	0.8%	$217.58	-3.4%	—	46266C105
MDLZ	MONDELEZ INTL INC	418,000	$22.5M	0.7%	$57.06	+1.9%	—	609207105
BXSL	BLACKSTONE SECD LENDING FD	765,000	$20.14M	0.7%	$26.09	-2.4%	—	09261X102
TFX	TELEFLEX INCORPORATED	118,000	$14.4M	0.5%	$121.00	-10.2%	—	879369106
DSACU	DAEDALUS SPL ACQUISITION COR	1,132,000	$11.37M	0.4%	$10.04	—	—	G2616C124
RNAM	AVIDITY BIOSCIENCES INC	143,000	$10.31M	0.3%	$64.59	+12.5%	—	05370A108
INFQ/WS	CHURCHILL CAP CORP X	762,500	$5.871M	0.2%	$7.70	—	—	G2130T116
LAD	LITHIA MTRS INC	15,400	$5.118M	0.2%	$317.53	+1.3%	—	536797103
AEM	AGNICO EAGLE MINES LTD	27,700	$4.696M	0.2%	$50.41	+308.7%	—	008474108
—	CABLE ONE INC	4,000,000	$3.936M	0.1%	$0.98	—	—	12685JAE5
—	BLACKLINE INC	1,500,000	$1.585M	0.1%	$1.06	—	—	09239BAF6

Decreased Positions (17)

COF CAPITAL ONE FINL CORP 1.0%

Value $29.19M (-72.9%) Shares 160,000 (-64.0%) Est. Cost $208.08 Unrealized +7.3%

UNP UNION PAC CORP 1.9%

Value $57.82M (-33.1%) Shares 238,300 (-36.2%) Est. Cost $223.62 Unrealized +8.8%

MPC MARATHON PETE CORP 3.2%

Value $97.21M (+36.9%) Shares 398,100 (-8.8%) Est. Cost $146.85 Unrealized +25.8%

AER AERCAP HOLDINGS NV 4.5%

Value $137M (-13.3%) Shares 1,000,000 (-9.1%) Est. Cost $56.56 Unrealized +157.7%

SHEL SHELL PLC 3.5%

Value $106M (-15.0%) Shares 1,141,700 (-32.8%) Est. Cost $71.37 Unrealized —

ENVA ENOVA INTL INC 1.7%

Value $53.53M (-22.9%) Shares 394,064 (-10.8%) Est. Cost $47.28 Unrealized +229.9%

BTI BRITISH AMERN TOB PLC 3.7%

Value $113M (-9.6%) Shares 1,925,000 (-12.5%) Est. Cost $50.60 Unrealized —

LBRT LIBERTY ENERGY INC 0.4%

Value $11.52M (-48.0%) Shares 400,000 (-66.7%) Est. Cost $16.71 Unrealized +38.9%

VTOL BRISTOW GROUP INC 1.8%

Value $54.86M (+23.3%) Shares 1,170,000 (-3.7%) Est. Cost $16.81 Unrealized +157.1%

OPTU OPTIMUM COMMUNICATIONS INC 1.0%

Value $31.95M (-22.6%) Shares 24,578,407 (-1.8%) Est. Cost $2.44 Unrealized -31.3%

PSX PHILLIPS 66 1.4%

Value $43.03M (+25.9%) Shares 236,200 (-10.8%) Est. Cost $116.40 Unrealized +26.4%

B BARRICK MNG CORP 0.9%

Value $27.24M (-23.8%) Shares 667,800 (-18.7%) Est. Cost $37.42 Unrealized +29.1%

NN NEXTNAV INC 0.7%

Value $22.94M (-26.9%) Shares 1,432,000 (-24.1%) Est. Cost $8.60 Unrealized +81.0%

AAMI ACADIAN ASSET MANAGEMENT INC 2.3%

Value $71.19M (+7.8%) Shares 1,308,190 (-6.9%) Est. Cost $23.36 Unrealized +126.1%

AGI ALAMOS GOLD INC 0.1%

Value $4.043M (-48.5%) Shares 91,000 (-55.2%) Est. Cost $12.28 Unrealized +246.3%

CTRI CENTURI HOLDINGS INC 0.4%

Value $11.6M (-20.5%) Shares 397,000 (-31.3%) Est. Cost $22.36 Unrealized +28.4%

PPTA PERPETUA RESOURCES CORP 0.8%

Value $23.62M (-5.2%) Shares 840,000 (-18.4%) Est. Cost $13.74 Unrealized +120.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COF	CAPITAL ONE FINL CORP	160,000 (-64.0%)	$29.19M (-72.9%)	1.0%	$208.08	+7.3%	COM	14040H105
UNP	UNION PAC CORP	238,300 (-36.2%)	$57.82M (-33.1%)	1.9%	$223.62	+8.8%	COM	907818108
MPC	MARATHON PETE CORP	398,100 (-8.8%)	$97.21M (+36.9%)	3.2%	$146.85	+25.8%	COM	56585A102
AER	AERCAP HOLDINGS NV	1,000,000 (-9.1%)	$137M (-13.3%)	4.5%	$56.56	+157.7%	SHS	N00985106
SHEL	SHELL PLC	1,141,700 (-32.8%)	$106M (-15.0%)	3.5%	$71.37	—	SPON ADS	780259305
ENVA	ENOVA INTL INC	394,064 (-10.8%)	$53.53M (-22.9%)	1.7%	$47.28	+229.9%	COM	29357K103
BTI	BRITISH AMERN TOB PLC	1,925,000 (-12.5%)	$113M (-9.6%)	3.7%	$50.60	—	SPONSORED ADR	110448107
LBRT	LIBERTY ENERGY INC	400,000 (-66.7%)	$11.52M (-48.0%)	0.4%	$16.71	+38.9%	COM CL A	53115L104
VTOL	BRISTOW GROUP INC	1,170,000 (-3.7%)	$54.86M (+23.3%)	1.8%	$16.81	+157.1%	COM	11040G103
OPTU	OPTIMUM COMMUNICATIONS INC	24,578,407 (-1.8%)	$31.95M (-22.6%)	1.0%	$2.44	-31.3%	CL A	02156K103
PSX	PHILLIPS 66	236,200 (-10.8%)	$43.03M (+25.9%)	1.4%	$116.40	+26.4%	COM	718546104
B	BARRICK MNG CORP	667,800 (-18.7%)	$27.24M (-23.8%)	0.9%	$37.42	+29.1%	COM SHS	06849F108
NN	NEXTNAV INC	1,432,000 (-24.1%)	$22.94M (-26.9%)	0.7%	$8.60	+81.0%	COMMON STOCK	65345N106
AAMI	ACADIAN ASSET MANAGEMENT INC	1,308,190 (-6.9%)	$71.19M (+7.8%)	2.3%	$23.36	+126.1%	COM	10948W103
AGI	ALAMOS GOLD INC	91,000 (-55.2%)	$4.043M (-48.5%)	0.1%	$12.28	+246.3%	COM CL A	011532108
CTRI	CENTURI HOLDINGS INC	397,000 (-31.3%)	$11.6M (-20.5%)	0.4%	$22.36	+28.4%	COM SHS	155923105
PPTA	PERPETUA RESOURCES CORP	840,000 (-18.4%)	$23.62M (-5.2%)	0.8%	$13.74	+120.4%	COM	714266103

Unchanged Positions (39)

VSAT VIASAT INC 1.7%

Value $52.12M Shares 1,138,000 Est. Cost $23.92 Unrealized +82.8%

NMRK NEWMARK GROUP INC 2.1%

Value $65.36M Shares 4,360,150 Est. Cost $6.81 Unrealized +142.9%

AXTA AXALTA COATING SYS LTD 1.8%

Value $56.78M Shares 2,050,000 Est. Cost $29.34 Unrealized +14.8%

SBGI SINCLAIR INC 0.4%

Value $13.52M Shares 1,044,493 Est. Cost $13.96 Unrealized +5.6%

QRVO QORVO INC 0.8%

Value $23.92M Shares 309,000 Est. Cost $88.25 Unrealized -6.9%

SIRI SIRIUSXM HOLDINGS INC 0.5%

Value $15.99M Shares 692,775 Est. Cost $31.06 Unrealized -32.6%

ASH ASHLAND INC 1.0%

Value $30.14M Shares 542,000 Est. Cost $52.60 Unrealized +18.6%

LBRDK LIBERTY BROADBAND CORP 1.5%

Value $46.32M Shares 920,781 Est. Cost $81.89 Unrealized -39.2%

LLYVK LIBERTY LIVE HOLDINGS INC 0.4%

Value $12.64M Shares 134,300 Est. Cost $85.87 Unrealized +0.9%

CAH CARDINAL HEALTH INC 1.7%

Value $52.36M Shares 247,800 Est. Cost $129.46 Unrealized +66.3%

RRC RANGE RES CORP 0.1%

Value $4.577M Shares 101,300 Est. Cost $37.69 Unrealized -4.1%

LBRDA LIBERTY BROADBAND CORP 0.8%

Value $25.11M Shares 500,000 Est. Cost $83.11 Unrealized -40.3%

NG NOVAGOLD RESOURCES INC 0.8%

Value $24.25M Shares 2,700,000 Est. Cost $3.70 Unrealized +177.6%

NNI NELNET INC 1.0%

Value $29.79M Shares 231,000 Est. Cost $125.09 Unrealized +5.8%

KMB KIMBERLY-CLARK CORP 0.6%

Value $18.06M Shares 187,200 Est. Cost $108.41 Unrealized -4.9%

AR ANTERO RESOURCES CORP 0.1%

Value $4.303M Shares 101,400 Est. Cost $37.87 Unrealized -10.8%

— ON SEMICONDUCTOR CORP 0.8%

Value $24.49M Shares 25,000,000 Est. Cost $0.98 Unrealized —

LLYVA LIBERTY LIVE HOLDINGS INC 0.2%

Value $6.621M Shares 72,250 Est. Cost $83.24 Unrealized +1.8%

AEXA AMERICAN EXCEPTIONALISM ACQU 0.4%

Value $13.32M Shares 1,230,000 Est. Cost $10.77 Unrealized +6.5%

TXNM TXNM ENERGY INC 2.7%

Value $84.33M Shares 1,442,554 Est. Cost $43.14 Unrealized +37.0%

PCSC PERCEPTIVE CAP SOLUTIONS COR 0.1%

Value $3.095M Shares 282,100 Est. Cost $11.28 Unrealized +20.9%

TDS TELEPHONE & DATA SYS INC 0.4%

Value $12.63M Shares 300,000 Est. Cost $16.99 Unrealized +161.1%

CRK COMSTOCK RES INC 0.1%

Value $2.506M Shares 118,900 Est. Cost $22.76 Unrealized -5.9%

AMBP ARDAGH METAL PACKAGING S A 0.5%

Value $16.2M Shares 4,000,000 Est. Cost $7.46 Unrealized -39.4%

CCIXW CHURCHILL CAPITAL CORP IX 0.0%

Value $198K Shares 440,000 Est. Cost $0.43 Unrealized —

— PENGUIN SOLUTIONS INC 0.3%

Value $10.49M Shares 10,500,000 Est. Cost $1.19 Unrealized —

CCXIU CHURCHILL CAP CORP XI 1.2%

Value $35.88M Shares 3,500,000 Est. Cost $10.21 Unrealized —

CCIX CHURCHILL CAPITAL CORP IX 0.9%

Value $28.13M Shares 2,633,582 Est. Cost $10.18 Unrealized +4.7%

OACC OAKTREE ACQUISITION CORP III 0.3%

Value $9.558M Shares 900,000 Est. Cost $10.47 Unrealized +1.6%

CAEP CANTOR EQUITY PARTNERS III I 0.1%

Value $2.578M Shares 250,000 Est. Cost $10.53 Unrealized -2.8%

CEPF CANTOR EQUITY PARTNERS IV IN 0.1%

Value $3.057M Shares 300,000 Est. Cost $10.15 Unrealized +2.5%

EXE EXPAND ENERGY CORPORATION 0.1%

Value $3.787M Shares 34,500 Est. Cost $109.10 Unrealized -3.0%

VHCPU VINE HILL CAP INVTS CORP II 0.3%

Value $9.5M Shares 950,000 Est. Cost $10.02 Unrealized —

KVUE KENVUE INC 1.0%

Value $29.86M Shares 1,732,000 Est. Cost $16.26 Unrealized +8.7%

GTEN GORES HLDGS X INC 0.5%

Value $15.1M Shares 1,475,000 Est. Cost $10.22 Unrealized +1.0%

COCHW ENVOY MEDICAL INC 0.0%

Value $4,980 Shares 75,000 Est. Cost $0.02 Unrealized —

GLIBA GCI LIBERTY INC 0.1%

Value $3.685M Shares 99,999 Est. Cost $35.52 Unrealized +7.9%

BENFW BENEFICIENT 0.0%

Value $1,400 Shares 100,000 Est. Cost $0.05 Unrealized —

GLIBK GCI LIBERTY INC 0.4%

Value $10.91M Shares 293,218 Est. Cost $35.21 Unrealized +8.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VSAT	VIASAT INC	1,138,000	$52.12M	1.7%	$23.92	+82.8%	COM	92552V100
NMRK	NEWMARK GROUP INC	4,360,150	$65.36M	2.1%	$6.81	+142.9%	CL A	65158N102
AXTA	AXALTA COATING SYS LTD	2,050,000	$56.78M	1.8%	$29.34	+14.8%	COM	G0750C108
SBGI	SINCLAIR INC	1,044,493	$13.52M	0.4%	$13.96	+5.6%	CL A	829242106
QRVO	QORVO INC	309,000	$23.92M	0.8%	$88.25	-6.9%	COM	74736K101
SIRI	SIRIUSXM HOLDINGS INC	692,775	$15.99M	0.5%	$31.06	-32.6%	COMMON STOCK	829933100
ASH	ASHLAND INC	542,000	$30.14M	1.0%	$52.60	+18.6%	COM	044186104
LBRDK	LIBERTY BROADBAND CORP	920,781	$46.32M	1.5%	$81.89	-39.2%	COM SER C	530307305
LLYVK	LIBERTY LIVE HOLDINGS INC	134,300	$12.64M	0.4%	$85.87	+0.9%	COM SHS SER C	530909308
CAH	CARDINAL HEALTH INC	247,800	$52.36M	1.7%	$129.46	+66.3%	COM	14149Y108
RRC	RANGE RES CORP	101,300	$4.577M	0.1%	$37.69	-4.1%	COM	75281A109
LBRDA	LIBERTY BROADBAND CORP	500,000	$25.11M	0.8%	$83.11	-40.3%	COM SER A	530307107
NG	NOVAGOLD RESOURCES INC	2,700,000	$24.25M	0.8%	$3.70	+177.6%	COM NEW	66987E206
NNI	NELNET INC	231,000	$29.79M	1.0%	$125.09	+5.8%	CL A	64031N108
KMB	KIMBERLY-CLARK CORP	187,200	$18.06M	0.6%	$108.41	-4.9%	COM	494368103
AR	ANTERO RESOURCES CORP	101,400	$4.303M	0.1%	$37.87	-10.8%	COM	03674X106
—	ON SEMICONDUCTOR CORP	25,000,000	$24.49M	0.8%	$0.98	—	NOTE 0.500% 3/0	682189AU9
LLYVA	LIBERTY LIVE HOLDINGS INC	72,250	$6.621M	0.2%	$83.24	+1.8%	COM SER A	530909100
AEXA	AMERICAN EXCEPTIONALISM ACQU	1,230,000	$13.32M	0.4%	$10.77	+6.5%	ORD CL A	G0273J101
TXNM	TXNM ENERGY INC	1,442,554	$84.33M	2.7%	$43.14	+37.0%	COM	69349H107
PCSC	PERCEPTIVE CAP SOLUTIONS COR	282,100	$3.095M	0.1%	$11.28	+20.9%	CL A ORD SHS	G70077105
TDS	TELEPHONE & DATA SYS INC	300,000	$12.63M	0.4%	$16.99	+161.1%	COM NEW	879433829
CRK	COMSTOCK RES INC	118,900	$2.506M	0.1%	$22.76	-5.9%	COM	205768302
AMBP	ARDAGH METAL PACKAGING S A	4,000,000	$16.2M	0.5%	$7.46	-39.4%	SHS	L02235106
CCIXW	CHURCHILL CAPITAL CORP IX	440,000	$198K	0.0%	$0.43	—	*W EXP 03/31/203	G21301117
—	PENGUIN SOLUTIONS INC	10,500,000	$10.49M	0.3%	$1.19	—	NOTE 2.000% 8/1	83205YAE4
CCXIU	CHURCHILL CAP CORP XI	3,500,000	$35.88M	1.2%	$10.21	—	UNIT 12/10/2030	G2131A124
CCIX	CHURCHILL CAPITAL CORP IX	2,633,582	$28.13M	0.9%	$10.18	+4.7%	CL A SHS	G21301109
OACC	OAKTREE ACQUISITION CORP III	900,000	$9.558M	0.3%	$10.47	+1.6%	SHS CL A	G6717R104
CAEP	CANTOR EQUITY PARTNERS III I	250,000	$2.578M	0.1%	$10.53	-2.8%	SHS CL A	G1828A108
CEPF	CANTOR EQUITY PARTNERS IV IN	300,000	$3.057M	0.1%	$10.15	+2.5%	SHS CL A	G1828E100
EXE	EXPAND ENERGY CORPORATION	34,500	$3.787M	0.1%	$109.10	-3.0%	COM	165167735
VHCPU	VINE HILL CAP INVTS CORP II	950,000	$9.5M	0.3%	$10.02	—	UNIT 11/25/2030	G9709D125
KVUE	KENVUE INC	1,732,000	$29.86M	1.0%	$16.26	+8.7%	COM	49177J102
GTEN	GORES HLDGS X INC	1,475,000	$15.1M	0.5%	$10.22	+1.0%	SHS CL A	G4002F109
COCHW	ENVOY MEDICAL INC	75,000	$4,980	0.0%	$0.02	—	*W EXP 09/29/202	29415V117
GLIBA	GCI LIBERTY INC	99,999	$3.685M	0.1%	$35.52	+7.9%	COM SER A	36164V602
BENFW	BENEFICIENT	100,000	$1,400	0.0%	$0.05	—	*W EXP 06/07/202	08178Q119
GLIBK	GCI LIBERTY INC	293,218	$10.91M	0.4%	$35.21	+8.4%	COM SER C	36164V800