The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABRDN JAPAN EQUITY FUND INC COM 00306J109 BBG001S73FJ4 138,829 22,284 SH   SOLE   22,284 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 BBG001S5NDV7 1,326,950 67,979 SH   SOLE   67,979 0 0
AECOM COM 00766T100 BBG001SKTTF1 970,992 9,900 SH   SOLE   9,900 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 BBG006G2JWB1 573,164 7,921 SH   SOLE   7,921 0 0
ALLY FINL INC COM 02005N100 BBG001S5RLN4 3,977,861 98,001 SH   SOLE   98,001 0 0
ALPHABET INC CAP STK CL A 02079K305 BBG009S39JY5 3,526,781 23,367 SH   SOLE   23,367 0 0
AMAZON COM INC COM 023135106 BBG001S5PQL7 8,004,723 44,377 SH   SOLE   44,377 0 0
ANSYS INC COM 03662Q105 BBG001S926L8 485,677 1,399 SH   SOLE   1,399 0 0
APOGEE THERAPEUTICS INC COM 03770N101 BBG01H51WZL7 518,111 7,797 SH   SOLE   7,797 0 0
APPFOLIO INC COM CL A 03783C100 BBG008GC8CS3 1,895,703 7,683 SH   SOLE   7,683 0 0
APPLE INC COM 037833100 BBG001S5N8V8 16,054,815 93,625 SH   SOLE   93,625 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 BBG001S90346 10,328,812 24,562 SH   SOLE   24,562 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107 BBG001SF86D7 1,426,888 34,079 SH   SOLE   34,079 0 0
COGENT COMMUNICATIONS HLDGS COM NEW 19239V302 BBG001SC5GP2 993,604 15,209 SH   SOLE   15,209 0 0
COUPANG INC CL A 22266T109 BBG00XMJRPR7 1,968,766 110,667 SH   SOLE   110,667 0 0
CREDIT ACCEP CORP MICH COM 225310101 BBG001S71KS5 1,757,238 3,186 SH   SOLE   3,186 0 0
CRH PLC ORD G25508105 BBG001S61NK9 816,623 9,467 SH   SOLE   9,467 0 0
DBX ETF TR XTRACK HRVST CSI 233051879 BBG005HJL932 1,371,990 57,000 SH   SOLE   57,000 0 0
ENSTAR GROUP LIMITED SHS G3075P101 BBG001SKW104 1,290,276 4,152 SH   SOLE   4,152 0 0
EQUITABLE HLDGS INC COM 29452E101 BBG00J7CBWL8 871,645 22,932 SH   SOLE   22,932 0 0
EXPEDIA GROUP INC COM NEW 30212P303 BBG001SP8VM0 612,574 4,447 SH   SOLE   4,447 0 0
FAIR ISAAC CORP COM 303250104 BBG001S8ZT61 471,103 377 SH   SOLE   377 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 BBG001S5R2V7 1,442,070 882 SH   SOLE   882 0 0
FORTREA HLDGS INC COMMON STOCK 34965K107 BBG01GZF9W47 978,653 24,381 SH   SOLE   24,381 0 0
FRONTIER GROUP HLDGS INC COM 35909R108 BBG00GCTTKY4 665,134 82,014 SH   SOLE   82,014 0 0
GARRETT MOTION INC COM 366505105 BBG00HY28Q04 858,438 86,362 SH   SOLE   86,362 0 0
GEN DIGITAL INC COM 668771108 BBG001S5QG38 935,222 41,751 SH   SOLE   41,751 0 0
GENERAL ELECTRIC CO COM NEW 369604301 BBG001S5PVD5 1,653,844 9,422 SH   SOLE   9,422 0 0
GLOBAL X FDS GB MSCI AR ETF 37950E259 BBG001V0LJT6 1,003,721 18,660 SH   SOLE   18,660 0 0
GLOBAL X FDS GLB X MLP ENRG I 37954Y293 BBG004Y67XK8 5,388,900 110,000 SH   SOLE   110,000 0 0
GODADDY INC CL A 380237107 BBG006MDLXZ9 940,302 7,923 SH   SOLE   7,923 0 0
GOLUB CAP BDC INC COM 38173M102 BBG001T63BY7 831,500 50,000 SH   SOLE   50,000 0 0
HUMANA INC COM 444859102 BBG001S5S1X6 839,409 2,421 SH   SOLE   2,421 0 0
IAC INC COM NEW 44891N208 BBG00S1LR2D2 1,161,105 21,768 SH   SOLE   21,768 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 BBG001SQ4YC7 636,635 5,699 SH   SOLE   5,699 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 BBG001SDJ4R0 514,538 3,744 SH   SOLE   3,744 0 0
INTUIT COM 461202103 BBG001S6TWR2 479,050 737 SH   SOLE   737 0 0
INVESCO DB COMMDY INDX TRCK UNIT 46138B103 BBG001SNZTS4 6,427,006 279,800 SH   SOLE   279,800 0 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508 BBG001V0MBC0 1,797,750 85,000 SH   SOLE   85,000 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL ENR 46137V365 BBG00KJR2MS4 407,092 4,900 SH   SOLE   4,900 0 0
ISHARES INC MSCI AUST ETF 464286103 BBG001S6ZW40 2,026,855 82,192 SH   SOLE   82,192 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 BBG001SFN5N1 2,107,300 65,000 SH   SOLE   65,000 0 0
ISHARES INC MSCI CDA ETF 464286509 BBG001S8R7V0 2,290,675 59,840 SH   SOLE   59,840 0 0
ISHARES INC MSCI CHILE ETF 464286640 BBG001T0LL05 371,980 14,000 SH   SOLE   14,000 0 0
ISHARES INC MSCI HONG KG ETF 464286871 BBG001S5VWX4 311,000 20,000 SH   SOLE   20,000 0 0
ISHARES INC MSCI ITALY ETF 46434G830 BBG001S8SYM0 377,200 10,000 SH   SOLE   10,000 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 BBG001S8SYN9 19,164,610 268,600 SH   SOLE   268,600 0 0
ISHARES INC MSCI MEXICO ETF 464286822 BBG001S8SYQ6 1,732,750 25,000 SH   SOLE   25,000 0 0
ISHARES INC MSCI SINGPOR ETF 46434G780 BBG001S8SYS4 1,836,000 100,000 SH   SOLE   100,000 0 0
ISHARES INC MSCI SPAIN ETF 464286764 BBG001S8SYT3 1,286,800 40,000 SH   SOLE   40,000 0 0
ISHARES INC MSCI STH KOR ETF 464286772 BBG001SF9FC7 1,577,085 23,500 SH   SOLE   23,500 0 0
ISHARES INC MSCI SWITZERLAND 464286749 BBG001S8SYW9 761,600 16,000 SH   SOLE   16,000 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 BBG001SFGL81 340,760 7,000 SH   SOLE   7,000 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 BBG001SKXPR1 9,098,025 111,250 SH   SOLE   111,250 0 0
ISHARES TR 10-20 YR TRS ETF 464288653 BBG001SSD830 2,122,656 20,210 SH   SOLE   20,210 0 0
ISHARES TR 20 YR TR BD ETF 464287432 BBG001S8MLN3 3,216,134 33,990 SH   SOLE   33,990 0 0
ISHARES TR 3 7 YR TREAS BD 464288661 BBG001SSD812 10,094,000 87,160 SH   SOLE   87,160 0 0
ISHARES TR 7-10 YR TRSY BD 464287440 BBG001S80936 2,769,752 29,260 SH   SOLE   29,260 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 BBG001SMDNB1 1,371,990 57,000 SH   SOLE   57,000 0 0
ISHARES TR CORE US AGGBD ET 464287226 BBG001SM1QT8 10,646,078 108,700 SH   SOLE   108,700 0 0
ISHARES TR IBOXX HI YD ETF 464288513 BBG001ST0ZQ7 2,603,955 33,500 SH   SOLE   33,500 0 0
ISHARES TR LATN AMER 40 ETF 464287390 BBG001SJRVW2 1,422,000 50,000 SH   SOLE   50,000 0 0
ISHARES TR MSCI INDIA ETF 46429B598 BBG002DMN4B6 2,387,224 46,273 SH   SOLE   46,273 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 BBG001S56QM7 234,312 10,400 SH   SOLE   10,400 0 0
ISHARES TR MSCI IRELAND ETF 46429B507 BBG001S56P85 3,772,167 54,400 SH   SOLE   54,400 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 BBG001S8SYX8 4,207,830 123,000 SH   SOLE   123,000 0 0
ISHARES TR TIPS BD ETF 464287176 BBG001SD9RM5 9,645,418 89,800 SH   SOLE   89,800 0 0
ISHARES TR U.S. REAL ES ETF 464287739 BBG001SFGXJ3 5,663,700 63,000 SH   SOLE   63,000 0 0
J P MORGAN EXCHANGE TRADED F BETBULD MSCI 46641Q738 BBG00L53HC42 58,943,872 666,183 SH   SOLE   666,183 0 0
KASPI KZ JSC SPONSORED ADS 48581R205 BBG00QD4Z4X6 2,841,400 22,088 SH   SOLE   22,088 0 0
KELLANOVA COM 487836108 BBG001S5SJL0 796,560 13,904 SH   SOLE   13,904 0 0
KRANESHARES TRUST CALIFORNIA CARB 500767553 BBG012TH9ZK6 1,174,650 41,000 SH   SOLE   41,000 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306 BBG004XB9HZ5 1,968,750 75,000 SH   SOLE   75,000 0 0
KRANESHARES TRUST GLOBAL CARB STRA 500767678 BBG00WC70964 461,400 15,000 SH   SOLE   15,000 0 0
LAUDER ESTEE COS INC CL A 518439104 BBG001S8L5H6 490,814 3,184 SH   SOLE   3,184 0 0
LINDE PLC SHS G54950103 BBG01FND0CH6 533,504 1,149 SH   SOLE   1,149 0 0
MERCADOLIBRE INC COM 58733R102 BBG001SM32G3 1,496,840 990 SH   SOLE   990 0 0
META PLATFORMS INC CL A 30303M102 BBG001SQCQC5 8,962,350 18,457 SH   SOLE   18,457 0 0
MICROSOFT CORP COM 594918104 BBG001S5TD05 6,100,020 14,499 SH   SOLE   14,499 0 0
MOODYS CORP COM 615369105 BBG001S5VP87 1,278,134 3,252 SH   SOLE   3,252 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 BBG001S5S2K8 728,000 100,000 SH   SOLE   100,000 0 0
NUVEEN CR STRATEGIES INCOME COM SHS 67073D102 BBG001SLL7N6 111,400 20,000 SH   SOLE   20,000 0 0
NUVEEN S&P 500 BUY-WRITE INC COM 6706ER101 BBG001S7ZM04 132,300 10,000 SH   SOLE   10,000 0 0
OTIS WORLDWIDE CORP COM 68902V107 BBG00RP60LN7 516,700 5,205 SH   SOLE   5,205 0 0
ROYAL GOLD INC COM 780287108 BBG001S5VNX4 752,542 6,178 SH   SOLE   6,178 0 0
SALESFORCE INC COM 79466L302 BBG001SDLP09 912,575 3,030 SH   SOLE   3,030 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 BBG00L5F9FV7 816,600 10,000 SH   SOLE   10,000 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 BBG001S7T223 801,544 19,030 SH   SOLE   19,030 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 BBG001S7T107 17,678,027 231,509 SH   SOLE   231,509 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 BBG001S7SCQ6 19,717,671 133,471 SH   SOLE   133,471 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 BBG001S7TCZ5 208,270 1,000 SH   SOLE   1,000 0 0
SEMRUSH HLDGS INC CL A COM 81686C104 BBG00Z6S6285 662,669 49,975 SH   SOLE   49,975 0 0
SIMPLIFY EXCHANGE TRADED FUN SIMPLIFY INTERST 82889N855 BBG010Z8GX02 376,320 8,400 SH   SOLE   8,400 0 0
SPDR GOLD TR GOLD SHS 78463V107 BBG001SCPX28 3,620,672 17,600 SH   SOLE   17,600 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 BBG001S72SM3 54,273,743 103,760 SH   SOLE   103,760 0 0
SPDR SER TR BLOOMBERG HIGH Y 78468R622 BBG001SQS7X7 285,600 3,000 SH   SOLE   3,000 0 0
SPDR SER TR BLOOMBERG SHT TE 78468R408 BBG002QLYD04 1,261,000 50,000 SH   SOLE   50,000 0 0
SPDR SER TR COMP SOFTWARE 78464A599 BBG0024LG5C2 623,964 4,000 SH   SOLE   4,000 0 0
SPDR SER TR HLTH CR EQUIP 78464A581 BBG001V08KL6 505,655 5,750 SH   SOLE   5,750 0 0
SPDR SER TR S&P BIOTECH 78464A870 BBG001SQDKG3 493,428 5,200 SH   SOLE   5,200 0 0
SPDR SER TR S&P OILGAS EXP 78468R556 BBG001SB12P9 3,098,600 20,000 SH   SOLE   20,000 0 0
SPROTT PHYSICAL GOLD TR UNIT 85207H104 BBG001T66XM9 8,234,800 476,000 SH   SOLE   476,000 0 0
SPYRE THERAPEUTICS INC COM NEW 00773J202 BBG0067L94C1 689,719 18,184 SH   SOLE   18,184 0 0
STELLANTIS N.V SHS N82405106 BBG0078ZLDH8 661,060 23,359 SH   SOLE   23,359 0 0
TRANSDIGM GROUP INC COM 893641100 BBG001SPV1C1 1,452,056 1,179 SH   SOLE   1,179 0 0
TXO PARTNERS LP COM UNIT 87313P103 BBG004DFHP63 37,243,809 2,074,864 SH   SOLE   2,074,864 0 0
UNITED STS OIL FD LP UNITS 91232N207 BBG001SQNKR0 1,417,140 18,000 SH   SOLE   18,000 0 0
UPWORK INC COM 91688F104 BBG00FBJ63B7 564,181 46,018 SH   SOLE   46,018 0 0
VANECK ETF TRUST FALLEN ANGEL HG 92189F437 BBG002VZY7Y3 1,451,000 50,000 SH   SOLE   50,000 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 BBG001SR42Z0 1,581,000 50,000 SH   SOLE   50,000 0 0
VANECK ETF TRUST VANECK VIETNAM 92189F817 BBG001T5CFW2 365,848 26,320 SH   SOLE   26,320 0 0
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 BBG001SK7DK4 234,587,637 3,229,900 SH   SOLE   3,229,900 0 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 BBG001SMD2X3 14,218,436 164,413 SH   SOLE   164,413 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 BBG001SHTB03 88,255,283 339,574 SH   SOLE   339,574 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 BBG001SHTTZ6 14,523,429 347,700 SH   SOLE   347,700 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 BBG001T2YZG9 22,100,000 200,000 SH   SOLE   200,000 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 BBG003H12XS7 2,394,500 50,000 SH   SOLE   50,000 0 0
VANGUARD STAR FDS VG TL INTL STK F 921909768 BBG001TJR1D8 129,333,008 2,144,826 SH   SOLE   2,144,826 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 BBG001SSPWL4 3,662,410 73,000 SH   SOLE   73,000 0 0
VANGUARD WHITEHALL FDS EM MK GOV BD ETF 921946885 BBG004N1LYJ5 4,887,718 76,550 SH   SOLE   76,550 0 0
VANGUARD WORLD FD MATERIALS ETF 92204A801 BBG001SHTTP7 1,410,567 6,900 SH   SOLE   6,900 0 0
VIRTUS EQUITY & CONV INCM FD COM 92841M101 BBG001SHZGR6 1,343,400 60,000 SH   SOLE   60,000 0 0
VISA INC COM CL A 92826C839 BBG001SRCFY3 1,310,839 4,697 SH   SOLE   4,697 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104 BBG011386VG3 651,197 74,593 SH   SOLE   74,593 0 0
WATERS CORP COM 941848103 BBG001S8MDG9 507,051 1,473 SH   SOLE   1,473 0 0
WIX COM LTD SHS M98068105 BBG004336Q89 2,851,198 20,739 SH   SOLE   20,739 0 0
WORKDAY INC CL A 98138H101 BBG001T21KQ7 1,256,559 4,607 SH   SOLE   4,607 0 0
ZOETIS INC CL A 98978V103 BBG0039320P7 418,795 2,475 SH   SOLE   2,475 0 0