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
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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
1895 BANCORP OF WIS INC COM 28253R105   1,044,572 103,423 SH   SOLE   103,423 0 0
ADOBE INC COM 00724F101   181,223 350 SH   SOLE   350 0 0
ADOBE INC COM 00724F101   258,890 500 SH Call SOLE   500 0 0
ADVISORSHARES TR PURE US CANNABIS 00768Y453   179,250 25,000 SH   SOLE   25,000 0 0
ADVISORSHARES TR PURE US CANNABIS 00768Y453   71,700 10,000 SH Call SOLE   10,000 0 0
ALASKA AIR GROUP INC COM 011659109   1,025,634 22,686 SH   SOLE   22,686 0 0
ALERUS FINL CORP COM 01446U103   309,818 13,541 SH   SOLE   13,541 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104   21,517 17,931 SH   SOLE   17,931 0 0
APA CORPORATION COM 03743Q108   3,836,062 156,830 SH   SOLE   156,830 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210   374,962 450 SH   SOLE   450 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210   416,625 500 SH Call SOLE   500 0 0
AVIS BUDGET GROUP COM 053774105   1,226,260 14,000 SH   SOLE   14,000 0 0
BANC OF CALIFORNIA INC COM 05990K106   7,853,889 533,190 SH   SOLE   533,190 0 0
BANK AMERICA CORP COM 060505104   571,392 14,400 SH   SOLE   14,400 0 0
BANK OZK LITTLE ROCK ARK COM 06417N103   1,494,117 34,755 SH   SOLE   34,755 0 0
BANKFINANCIAL CORP COM 06643P104   3,551,164 291,557 SH   SOLE   291,557 0 0
BITFARMS LTD COM 09173B107   263,750 125,000 SH   SOLE   125,000 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105   452,169 161,489 SH   SOLE   161,489 0 0
BURFORD CAP LTD ORD SHS G17977110   2,640,384 199,124 SH   SOLE   199,124 0 0
CARTER BANKSHARES INC COM NEW 146103106   531,717 30,576 SH   SOLE   30,576 0 0
CITIGROUP INC COM NEW 172967424   2,068,680 33,046 SH   SOLE   33,046 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104   405,659 28,628 SH   SOLE   28,628 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107   549,177 30,818 SH   SOLE   30,818 0 0
CIVITAS RESOURCES INC COM NEW 17888H103   3,655,536 72,144 SH   SOLE   72,144 0 0
COLUMBIA BKG SYS INC COM 197236102   1,646,497 63,060 SH   SOLE   63,060 0 0
COMMUNITY WEST BANCSHARES NE COM 203937107   319,600 16,594 SH   SOLE   16,594 0 0
CONOCOPHILLIPS COM 20825C104   210,560 2,000 SH   SOLE   2,000 0 0
COTERRA ENERGY INC COM 127097103   311,350 13,000 SH   SOLE   13,000 0 0
CROWDSTRIKE HLDGS INC CL A 22788C105   420,705 1,500 SH Call SOLE   1,500 0 0
CROWDSTRIKE HLDGS INC CL A 22788C105   224,376 800 SH   SOLE   800 0 0
CUSTOMERS BANCORP INC COM 23204G100   743,200 16,000 SH   SOLE   16,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702   406,320 8,000 SH   SOLE   8,000 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107   438,287 104,603 SH   SOLE   104,603 0 0
ELASTIC N V ORD SHS N14506104   76,760 1,000 SH   SOLE   1,000 0 0
ELASTIC N V ORD SHS N14506104   383,800 5,000 SH Call SOLE   5,000 0 0
EOS ENERGY ENTERPRISES INC COM CL A 29415C101   386,100 130,000 SH   SOLE   130,000 0 0
EOS ENERGY ENTERPRISES INC COM CL A 29415C101   29,700 10,000 SH Call SOLE   10,000 0 0
EQT CORP COM 26884L109   5,734,710 156,515 SH   SOLE   156,515 0 0
FINWARD BANCORP COM 31812F109   1,425,668 44,580 SH   SOLE   44,580 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102   2,510,822 111,493 SH   SOLE   111,493 0 0
FIRST HORIZON CORPORATION COM 320517105   7,833,580 504,416 SH   SOLE   504,416 0 0
FREEPORT-MCMORAN INC CL B 35671D857   249,600 5,000 SH Call SOLE   5,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857   998,400 20,000 SH   SOLE   20,000 0 0
GENERATIONS BANCORP NY INC COM 37149G108   157,500 10,000 SH   SOLE   10,000 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   155,760 12,000 SH   SOLE   12,000 0 0
HERITAGE COMM CORP COM 426927109   374,096 37,864 SH   SOLE   37,864 0 0
HORIZON BANCORP INC COM 440407104   361,600 23,254 SH   SOLE   23,254 0 0
HUNTINGTON BANCSHARES INC COM 446150104   2,082,093 141,639 SH   SOLE   141,639 0 0
INTEL CORP COM 458140100   410,550 17,500 SH   SOLE   17,500 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   6,628,920 37,000 SH   SOLE   37,000 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   1,343,700 7,500 SH Put SOLE   7,500 0 0
ISHARES INC MSCI MEXICO ETF 464286822   1,020,490 19,000 SH   SOLE   19,000 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822   2,898,014 40,509 SH   SOLE   40,509 0 0
ISHARES INC MSCI GERMANY ETF 464286806   846,000 25,000 SH   SOLE   25,000 0 0
ISHARES INC MSCI STH KOR ETF 464286772   2,897,388 45,300 SH   SOLE   45,300 0 0
ISHARES INC MSCI SPAIN ETF 464286764   705,800 20,000 SH   SOLE   20,000 0 0
ISHARES INC MSCI MEXICO ETF 464286822   145,017 2,700 SH Call SOLE   2,700 0 0
ISHARES TR MSCI INDONIA ETF 46429B309   112,500 5,000 SH Call SOLE   5,000 0 0
ISHARES TR MSCI UK ETF NEW 46435G334   1,429,436 38,210 SH   SOLE   38,210 0 0
ISHARES TR MSCI INDONIA ETF 46429B309   891,090 39,604 SH   SOLE   39,604 0 0
ISHARES TR 20 YR TR BD ETF 464287432   2,844,900 29,000 SH   SOLE   29,000 0 0
ISHARES TR ISHS 1-5YR INVS 464288646   263,300 5,000 SH   SOLE   5,000 0 0
ISHARES TR MSCI INDIA ETF 46429B598   1,287,660 22,000 SH   SOLE   22,000 0 0
KEYCORP COM 493267108   3,123,456 186,475 SH   SOLE   186,475 0 0
KOSMOS ENERGY LTD COM 500688106   3,525,827 874,895 SH   SOLE   874,895 0 0
LITHIUM AMERICAS ARGENTINA C COM SHS 53681K100   98,423 30,191 SH   SOLE   30,191 0 0
MACYS INC COM 55616P104   360,870 23,000 SH   SOLE   23,000 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   204,500 11,084 SH   SOLE   11,084 0 0
META PLATFORMS INC CL A 30303M102   973,148 1,700 SH   SOLE   1,700 0 0
MICRON TECHNOLOGY INC COM 595112103   259,275 2,500 SH Call SOLE   2,500 0 0
MICRON TECHNOLOGY INC COM 595112103   311,130 3,000 SH   SOLE   3,000 0 0
NEXGEN ENERGY LTD COM 65340P106   228,550 35,000 SH   SOLE   35,000 0 0
NEXGEN ENERGY LTD COM 65340P106   171,086 26,200 SH Call SOLE   26,200 0 0
OLD SECOND BANCORP INC ILL COM 680277100   723,937 46,436 SH   SOLE   46,436 0 0
OSISKO DEVELOPMENT CORP COM NEW 68828E809   36,849 17,300 SH Put SOLE   17,300 0 0
OVINTIV INC COM 69047Q102   899,940 23,491 SH   SOLE   23,491 0 0
PEOPLES BANCORP INC COM 709789101   1,769,563 58,809 SH   SOLE   58,809 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104   217,360 13,000 SH   SOLE   13,000 0 0
PROVIDENT FINL HLDGS INC COM 743868101   409,994 28,571 SH   SOLE   28,571 0 0
RUMBLEON INC COM CL B 781386305   128,415 26,809 SH   SOLE   26,809 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   439,000 5,000 SH Call SOLE   5,000 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852   991,688 10,970 SH   SOLE   10,970 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803   510,218 2,260 SH   SOLE   2,260 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   374,028 4,260 SH   SOLE   4,260 0 0
SENTINELONE INC CL A 81730H109   418,600 17,500 SH   SOLE   17,500 0 0
SHORE BANCSHARES INC COM 825107105   419,700 30,000 SH   SOLE   30,000 0 0
SIGMA LITHIUM CORPORATION COM 826599102   176,575 14,286 SH   SOLE   14,286 0 0
SPDR GOLD TR GOLD SHS 78463V107   486,120 2,000 SH Put SOLE   2,000 0 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202   1,693,032 31,800 SH   SOLE   31,800 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   12,737,472 22,200 SH Put SOLE   22,200 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   21,398,379 37,295 SH   SOLE   37,295 0 0
SPDR SER TR S&P REGL BKG 78464A698   622,600 11,000 SH   SOLE   11,000 0 0
SPDR SER TR S&P HOMEBUILD 78464A888   622,800 5,000 SH Call SOLE   5,000 0 0
SPDR SER TR S&P METALS MNG 78464A755   1,338,120 21,000 SH   SOLE   21,000 0 0
SYNCHRONY FINANCIAL COM 87165B103   299,280 6,000 SH   SOLE   6,000 0 0
TECK RESOURCES LTD CL B 878742204   391,800 7,500 SH   SOLE   7,500 0 0
WELLS FARGO CO NEW COM 949746101   8,907,174 157,677 SH   SOLE   157,677 0 0
WESTERN ALLIANCE BANCORP COM 957638109   302,715 3,500 SH   SOLE   3,500 0 0
ZIONS BANCORPORATION N A COM 989701107   1,180,500 25,000 SH   SOLE   25,000 0 0