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
AMGEN INC COM 031162100   12,358,299 47,054 SH   SOLE 0 0 0 47,054
APA CORPORATION COM 03743Q108   1,617,665 34,654 SH   SOLE 0 0 0 34,654
APPLE INC COM 037833100   229,839 1,769 SH   SOLE 0 0 0 1,769
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   4,323,916 517,215 SH   SOLE 0 0 0 517,215
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   6,359,324 20,587 SH   SOLE 0 0 0 20,587
BGC PARTNERS INC CL A 05541T101   713,096 189,150 SH   SOLE 0 0 0 189,150
CORNING INC COM 219350105   9,472,276 296,565 SH   SOLE 0 0 0 296,565
DISNEY WALT CO COM 254687106   203,647 2,344 SH   SOLE 0 0 0 2,344
DONNELLEY FINL SOLUTIONS INC COM 25787G100   8,365,715 216,448 SH   SOLE 0 0 0 216,448
EXXON MOBIL CORP COM 30231G102   1,812,339 16,431 SH   SOLE 0 0 0 16,431
FIVE POINT HOLDINGS LLC COM CL A 33833Q106   3,136,506 1,346,140 SH   SOLE 0 0 0 1,346,140
GRAFTECH INTL LTD COM 384313508   3,411,891 716,784 SH   SOLE 0 0 0 716,784
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500   2,926,507 343,487 SH   SOLE 0 0 0 343,487
ILLINOIS TOOL WKS INC COM 452308109   207,082 940 SH   SOLE 0 0 0 940
JOHNSON & JOHNSON COM 478160104   698,651 3,955 SH   SOLE 0 0 0 3,955
JPMORGAN CHASE & CO COM 46625H100   401,630 2,995 SH   SOLE 0 0 0 2,995
KIMCO RLTY CORP COM 49446R109   7,733,821 365,147 SH   SOLE 0 0 0 365,147
LAZARD LTD SHS A G54050102   4,104,546 118,389 SH   SOLE 0 0 0 118,389
LOEWS CORP COM 540424108   9,728,283 166,780 SH   SOLE 0 0 0 166,780
M & T BK CORP COM 55261F104   2,461,813 16,971 SH   SOLE 0 0 0 16,971
MCDONALDS CORP COM 580135101   342,589 1,300 SH   SOLE 0 0 0 1,300
MERCK & CO INC COM 58933Y105   427,768 3,856 SH   SOLE 0 0 0 3,856
NVIDIA CORPORATION COM 67066G104   27,058,026 185,151 SH   SOLE 0 0 0 185,151
PAYCHEX INC COM 704326107   1,017,737 8,807 SH   SOLE 0 0 0 8,807
PFIZER INC COM 717081103   311,283 6,075 SH   SOLE 0 0 0 6,075
PHILLIPS 66 COM 718546104   2,564,479 24,639 SH   SOLE 0 0 0 24,639
PROCTER AND GAMBLE CO COM 742718109   257,652 1,700 SH   SOLE 0 0 0 1,700
QUALCOMM INC COM 747525103   13,582,810 123,547 SH   SOLE 0 0 0 123,547
QUEST DIAGNOSTICS INC COM 74834L100   391,100 2,500 SH   SOLE 0 0 0 2,500
ROCKWELL AUTOMATION INC COM 773903109   206,056 800 SH   SOLE 0 0 0 800
STEPAN CO COM 858586100   5,724,816 53,774 SH   SOLE 0 0 0 53,774
TANGER FACTORY OUTLET CTRS I COM 875465106   7,323,747 408,236 SH   SOLE 0 0 0 408,236
TRI POINTE HOMES INC COM 87265H109   4,105,378 220,838 SH   SOLE 0 0 0 220,838
TRINITY PL HLDGS INC COM 89656D101   350,219 473,333 SH   SOLE 0 0 0 473,333
UNION PAC CORP COM 907818108   1,635,646 7,899 SH   SOLE 0 0 0 7,899
UNITEDHEALTH GROUP INC COM 91324P102   212,072 400 SH   SOLE 0 0 0 400
WARNER BROS DISCOVERY INC COM SER A 934423104   4,690,135 494,740 SH   SOLE 0 0 0 494,740
WARRIOR MET COAL INC COM 93627C101   8,696,397 251,051 SH   SOLE 0 0 0 251,051
WEYERHAEUSER CO MTN BE COM NEW 962166104   9,170,103 295,810 SH   SOLE 0 0 0 295,810