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
3M CO COM 88579Y101   388,322 3,800 SH   SOLE   0 0 3,800
ADVISORSHARES TR PURE US CANNABIS 00768Y453   157,595 21,500 SH   SOLE   0 0 21,500
ALASKA AIR GROUP INC COM 011659109   505,000 12,500 SH   SOLE   0 0 12,500
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   264,600 3,675 SH   SOLE   0 0 3,675
ARAMARK COM 03852U106   255,150 7,500 SH   SOLE   0 0 7,500
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   2,511,000 279,000 SH   SOLE   0 0 279,000
AT&T INC COM 00206R102   324,870 17,000 SH   SOLE   0 0 17,000
AXONICS INC COM 05465P101   211,775 3,150 SH   SOLE   0 0 3,150
BAIDU INC SPON ADR REP A 056752108   361,054 4,175 SH   SOLE   0 0 4,175
BANK AMERICA CORP COM 060505104   1,069,813 26,900 SH   SOLE   0 0 26,900
BARCLAYS PLC ADR 06738E204   1,641,843 153,300 SH   SOLE   0 0 153,300
BARRICK GOLD CORP COM 067901108   667,200 40,000 SH   SOLE   0 0 40,000
BOEING CO COM 097023105   3,562,848 19,575 SH   SOLE   0 0 19,575
BP PLC SPONSORED ADR 055622104   3,147,303 87,183 SH   SOLE   0 0 87,183
BRISTOL-MYERS SQUIBB CO COM 110122108   1,603,059 38,600 SH   SOLE   0 0 38,600
BROOKDALE SR LIVING INC COM 112463104   1,243,060 182,000 SH   SOLE   0 0 182,000
C3 AI INC CL A 12468P104   243,264 8,400 SH   SOLE   0 0 8,400
CAMECO CORP COM 13321L108   236,160 4,800 SH   SOLE   0 0 4,800
CARNIVAL CORP UNIT 99/99/9999 143658300   318,240 17,000 SH   SOLE   0 0 17,000
CHEVRON CORP NEW COM 166764100   2,118,240 13,542 SH   SOLE   0 0 13,542
CINEMARK HLDGS INC COM 17243V102   1,632,310 75,500 SH   SOLE   0 0 75,500
CNH INDL N V SHS N20944109   678,710 67,000 SH   SOLE   0 0 67,000
COCA COLA CO COM 191216100   483,740 7,600 SH   SOLE   0 0 7,600
CONOCOPHILLIPS COM 20825C104   274,512 2,400 SH   SOLE   0 0 2,400
CORTEVA INC COM 22052L104   490,854 9,100 SH   SOLE   0 0 9,100
CRISPR THERAPEUTICS AG NAMEN AKT H17182108   1,177,419 21,800 SH   SOLE   0 0 21,800
DISNEY WALT CO COM 254687106   913,469 9,200 SH   SOLE   0 0 9,200
DOW INC COM 260557103   779,835 14,700 SH   SOLE   0 0 14,700
DUPONT DE NEMOURS INC COM 26614N102   1,585,653 19,700 SH   SOLE   0 0 19,700
DUTCH BROS INC CL A 26701L100   368,460 8,900 SH   SOLE   0 0 8,900
EBAY INC. COM 278642103   483,480 9,000 SH   SOLE   0 0 9,000
EDWARDS LIFESCIENCES CORP COM 28176E108   360,243 3,900 SH   SOLE   0 0 3,900
ELANCO ANIMAL HEALTH INC COM 28414H103   1,030,302 71,400 SH   SOLE   0 0 71,400
ENVISTA HOLDINGS CORPORATION COM 29415F104   532,160 32,000 SH   SOLE   0 0 32,000
ETFS GOLD TR PHYSCL GOLD SHS 00326A104   222,200 10,000 SH   SOLE   0 0 10,000
FEDEX CORP COM 31428X106   2,271,288 7,575 SH   SOLE   0 0 7,575
FIGS INC CL A 30260D103   674,245 126,500 SH   SOLE   0 0 126,500
FMC CORP COM NEW 302491303   920,800 16,000 SH   SOLE   0 0 16,000
FORD MTR CO DEL COM 345370860   867,768 69,200 SH   SOLE   0 0 69,200
GAMING & LEISURE PPTYS INC COM 36467J108   4,103,260 90,760 SH   SOLE   0 0 90,760
GE AEROSPACE COM NEW 369604301   6,315,085 39,725 SH   SOLE   0 0 39,725
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107   1,183,683 15,191 SH   SOLE   0 0 15,191
GE VERNOVA INC COM 36828A101   1,634,491 9,530 SH   SOLE   0 0 9,530
GENERAL MTRS CO COM 37045V100   260,176 5,600 SH   SOLE   0 0 5,600
GLACIER BANCORP INC NEW COM 37637Q105   11,264,034 301,823 SH   SOLE   0 0 301,823
GOODYEAR TIRE & RUBR CO COM 382550101   713,915 62,900 SH   SOLE   0 0 62,900
HONDA MOTOR LTD ADR ECH CNV IN 3 438128308   470,704 14,600 SH   SOLE   0 0 14,600
HOWMET AEROSPACE INC COM 443201108   1,141,161 14,700 SH   SOLE   0 0 14,700
IMAX CORP COM 45245E109   1,393,587 83,100 SH   SOLE   0 0 83,100
INTEL CORP COM 458140100   1,579,470 51,000 SH   SOLE   0 0 51,000
INTERNATIONAL BUSINESS MACHS COM 459200101   1,902,450 11,000 SH   SOLE   0 0 11,000
INTERNATIONAL FLAVORS&FRAGRA COM 459506101   599,824 6,300 SH   SOLE   0 0 6,300
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   574,980 3,500 SH   SOLE   0 0 3,500
ISHARES SILVER TR ISHARES 46428Q109   332,125 12,500 SH   SOLE   0 0 12,500
ISHARES TR EUROPE ETF 464287861   355,940 6,500 SH   SOLE   0 0 6,500
ISHARES TR MSCI EMG MKT ETF 464287234   200,173 4,700 SH   SOLE   0 0 4,700
ISHARES TR MSCI EURO FL ETF 464289180   782,600 35,000 SH   SOLE   0 0 35,000
ISHARES TR CHINA LG-CAP ETF 464287184   296,286 11,400 SH   SOLE   0 0 11,400
JOHNSON & JOHNSON COM 478160104   467,712 3,200 SH   SOLE   0 0 3,200
JPMORGAN CHASE & CO. COM 46625H100   1,031,526 5,100 SH   SOLE   0 0 5,100
KINDER MORGAN INC DEL COM 49456B101   248,375 12,500 SH   SOLE   0 0 12,500
KRAFT HEINZ CO COM 500754106   1,625,499 50,450 SH   SOLE   0 0 50,450
KRANESHARES TRUST CSI CHI INTERNET 500767306   486,360 18,000 SH   SOLE   0 0 18,000
LINDBLAD EXPEDITIONS HLDGS I COM 535219109   1,886,575 195,500 SH   SOLE   0 0 195,500
LITHIUM AMERS CORP NEW COM SHS 53681J103   67,000 25,000 SH   SOLE   0 0 25,000
LOEWS CORP COM 540424108   1,569,540 21,000 SH   SOLE   0 0 21,000
LYFT INC CL A COM 55087P104   1,677,900 119,000 SH   SOLE   0 0 119,000
MAG SILVER CORP COM 55903Q104   1,117,986 95,800 SH   SOLE   0 0 95,800
MCDONALDS CORP COM 580135101   254,840 1,000 SH   SOLE   0 0 1,000
MEDTRONIC PLC SHS G5960L103   306,969 3,900 SH   SOLE   0 0 3,900
MERCK & CO INC COM 58933Y105   2,104,600 17,000 SH   SOLE   0 0 17,000
MGM RESORTS INTERNATIONAL COM 552953101   844,360 19,000 SH   SOLE   0 0 19,000
NEW GOLD INC CDA COM 644535106   804,375 412,500 SH   SOLE   0 0 412,500
NEWMONT CORP COM 651639106   860,429 20,550 SH   SOLE   0 0 20,550
NUTANIX INC CL A 67059N108   1,961,325 34,500 SH   SOLE   0 0 34,500
ON HLDG AG NAMEN AKT A H5919C104   399,640 10,300 SH   SOLE   0 0 10,300
ORGANON & CO COMMON STOCK 68622V106   465,750 22,500 SH   SOLE   0 0 22,500
PARAMOUNT GLOBAL CLASS B COM 92556H206   318,973 30,700 SH   SOLE   0 0 30,700
PAYPAL HLDGS INC COM 70450Y103   255,332 4,400 SH   SOLE   0 0 4,400
PENN ENTERTAINMENT INC COM 707569109   3,928,098 202,950 SH   SOLE   0 0 202,950
PROSHARES TR SHORT QQQ 74349Y837   2,717,550 67,100 SH   SOLE   0 0 67,100
ROGERS CORP COM 775133101   253,282 2,100 SH   SOLE   0 0 2,100
SCHLUMBERGER LTD COM STK 806857108   1,910,790 40,500 SH   SOLE   0 0 40,500
SCHWAB CHARLES CORP COM 808513105   1,547,490 21,000 SH   SOLE   0 0 21,000
SHAKE SHACK INC CL A 819047101   2,034,000 22,600 SH   SOLE   0 0 22,600
SHELL PLC SPON ADS 780259305   5,041,790 69,850 SH   SOLE   0 0 69,850
SKECHERS U S A INC CL A 830566105   366,336 5,300 SH   SOLE   0 0 5,300
SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B 833635105   1,108,400 27,200 SH   SOLE   0 0 27,200
SOUTHWEST AIRLS CO COM 844741108   3,087,019 107,900 SH   SOLE   0 0 107,900
SPDR INDEX SHS FDS EURO STOXX 50 78463X202   250,150 5,000 SH   SOLE   0 0 5,000
SPROTT PHYSICAL GOLD TR UNIT 85207H104   1,715,700 95,000 SH   SOLE   0 0 95,000
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107   536,220 54,000 SH   SOLE   0 0 54,000
TARGET CORP COM 87612E106   569,954 3,850 SH   SOLE   0 0 3,850
TELEFONAKTIEBOLAGET LM ERICS ADR B SEK 10 294821608   111,060 18,000 SH   SOLE   0 0 18,000
TYSON FOODS INC CL A 902494103   1,342,790 23,500 SH   SOLE   0 0 23,500
UBER TECHNOLOGIES INC COM 90353T100   2,914,468 40,100 SH   SOLE   0 0 40,100
UNILEVER PLC SPON ADR NEW 904767704   2,326,077 42,300 SH   SOLE   0 0 42,300
UNITED PARCEL SERVICE INC CL B 911312106   1,532,720 11,200 SH   SOLE   0 0 11,200
VANECK ETF TRUST GOLD MINERS ETF 92189F106   1,693,107 49,900 SH   SOLE   0 0 49,900
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874   2,236,795 33,500 SH   SOLE   0 0 33,500
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775   269,744 4,600 SH   SOLE   0 0 4,600
VERIZON COMMUNICATIONS INC COM 92343V104   2,393,982 58,050 SH   SOLE   0 0 58,050
VIATRIS INC COM 92556V106   1,089,575 102,500 SH   SOLE   0 0 102,500
WABTEC COM 929740108   260,783 1,650 SH   SOLE   0 0 1,650
WARNER BROS DISCOVERY INC COM SER A 934423104   810,960 109,000 SH   SOLE   0 0 109,000
WELLS FARGO CO NEW COM 949746101   2,025,199 34,100 SH   SOLE   0 0 34,100
WESTROCK CO COM 96145D105   753,900 15,000 SH   SOLE   0 0 15,000
WHEATON PRECIOUS METALS CORP COM 962879102   209,680 4,000 SH   SOLE   0 0 4,000
WILLIAMS COS INC COM 969457100   1,037,000 24,400 SH   SOLE   0 0 24,400
WISDOMTREE TR EUROPE SMCP DV 97717W869   595,800 10,000 SH   SOLE   0 0 10,000
WYNN RESORTS LTD COM 983134107   2,153,818 24,065 SH   SOLE   0 0 24,065