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
3M Co COM 88579y101   2,663,901 20,636 SH   SOLE   20,636 0 0
Abbott Laboratories COM 002824100   406,065 3,590 SH   SOLE   3,590 0 0
AbbVie Inc COM 00287y109   2,495,796 14,045 SH   SOLE   14,045 0 0
Alerus Financial Corp COM 01446u103   1,639,344 85,205 SH   SOLE   85,205 0 0
Alphabet Inc Cap Stock Cl A COM 02079k305   222,427 1,175 SH   SOLE   1,175 0 0
Alphabet Inc Cap Stock Cl C COM 02079k107   2,036,756 10,695 SH   SOLE   10,695 0 0
Amazon.com Inc COM 023135106   302,758 1,380 SH   SOLE   1,380 0 0
American Express Co COM 025816109   759,486 2,559 SH   SOLE   2,559 0 0
Apellis Pharmaceuticals Inc COM 03753u106   662,228 20,753 SH   SOLE   20,753 0 0
Apple Inc COM 037833100   1,862,123 7,436 SH   SOLE   7,436 0 0
Banc Of California Inc COM 05990k106   1,911,892 123,667 SH   SOLE   123,667 0 0
Bancorp Inc COM 05969a105   8,277,699 157,281 SH   SOLE   157,281 0 0
Bank America Corp COM 060505104   1,144,897 26,050 SH   SOLE   26,050 0 0
Bank Hawaii Corp COM 062540109   214,789 3,015 SH   SOLE   3,015 0 0
Banner Corp COM 06652v208   833,757 12,487 SH   SOLE   12,487 0 0
Berkshire Hathaway Inc Cl B COM 084670702   2,303,116 5,081 SH   SOLE   5,081 0 0
Blackstone Group Inc Cl A COM 09260d107   1,257,804 7,295 SH   SOLE   7,295 0 0
Boeing Co COM 097023105   522,681 2,953 SH   SOLE   2,953 0 0
Bridgewater Bancshares Inc Acc COM 108621103   1,221,439 90,410 SH   SOLE   90,410 0 0
Bristol-Myers Squibb Co COM 110122108   3,153,333 55,752 SH   SOLE   55,752 0 0
Brown Forman Corp Cl A COM 115637100   400,042 10,614 SH   SOLE   10,614 0 0
Brown Forman Corp Cl B COM 115637209   566,624 14,919 SH   SOLE   14,919 0 0
Caterpillar Inc COM 149123101   906,900 2,500 SH   SOLE   2,500 0 0
Central Securities Corp COM 155123102   274,140 6,000 SH   SOLE   6,000 0 0
CF Industries Holdings Inc COM 125269100   1,122,385 13,155 SH   SOLE   13,155 0 0
Chevron Corp COM 166764100   2,755,436 19,024 SH   SOLE   19,024 0 0
Chubb Limited COM h1467j104   991,917 3,590 SH   SOLE   3,590 0 0
Cincinnati Financial Corp COM 172062101   285,244 1,985 SH   SOLE   1,985 0 0
Cipher Mining Inc COM 17253j106   89,552 19,300 SH   SOLE   19,300 0 0
Citigroup Inc COM 172967424   2,589,226 36,784 SH   SOLE   36,784 0 0
Coca-Cola Co COM 191216100   336,142 5,399 SH   SOLE   5,399 0 0
Colgate Palmolive Co COM 194162103   654,552 7,200 SH   SOLE   7,200 0 0
Columbia Banking Systems Inc COM 197236102   2,903,224 107,487 SH   SOLE   107,487 0 0
Concentra Group Holdings Paren COM 20603l102   212,912 10,764 SH   SOLE   10,764 0 0
ConocoPhillips COM 20825c104   525,403 5,298 SH   SOLE   5,298 0 0
Coterra Energy Inc COM 127097103   1,639,668 64,200 SH   SOLE   64,200 0 0
Customers Bancorp Inc COM 23204g100   1,741,235 35,769 SH   SOLE   35,769 0 0
Davita Inc COM 23918k108   1,548,740 10,356 SH   SOLE   10,356 0 0
Deere & Co COM 244199105   991,458 2,340 SH   SOLE   2,340 0 0
Diamondback Energy Inc COM 25278x109   1,850,624 11,296 SH   SOLE   11,296 0 0
Disney Walt Co Disney COM 254687106   670,216 6,019 SH   SOLE   6,019 0 0
Draftkings Inc Cl A COM 26142v105   1,161,161 31,214 SH   SOLE   31,214 0 0
Eastern Bankshares Inc COM 27627n105   782,529 45,364 SH   SOLE   45,364 0 0
Enbridge Inc COM 29250n105   751,053 17,701 SH   SOLE   17,701 0 0
EOG Resources Inc COM 26875p101   1,493,392 12,183 SH   SOLE   12,183 0 0
Equity Bancshares Inc Cl A COM 29460x109   808,695 19,064 SH   SOLE   19,064 0 0
Eterna Therapeutics Inc COM 114082209   14,700 50,000 SH   SOLE   50,000 0 0
Exxon Mobil Corp COM 30231g102   3,168,582 29,456 SH   SOLE   29,456 0 0
First Western Financial Inc COM 33751l105   483,765 24,745 SH   SOLE   24,745 0 0
Ge Aerospace COM 369604301   2,800,904 16,793 SH   SOLE   16,793 0 0
GE Healthcare Technologies Inc COM 36266g107   1,278,007 16,347 SH   SOLE   16,347 0 0
GE Vernova Inc COM 36828a101   670,359 2,038 SH   SOLE   2,038 0 0
General Dynamics Corp COM 369550108   721,172 2,737 SH   SOLE   2,737 0 0
General Mills Inc COM 370334104   882,704 13,842 SH   SOLE   13,842 0 0
Goodyear Tire & Rubber Co COM 382550101   842,265 93,585 SH   SOLE   93,585 0 0
Hershey Co COM 427866108   313,297 1,850 SH   SOLE   1,850 0 0
Home Depot Inc COM 437076102   646,501 1,662 SH   SOLE   1,662 0 0
Honeywell Intl Inc COM 438516106   470,077 2,081 SH   SOLE   2,081 0 0
Illinois Tool Works Inc COM 452308109   240,882 950 SH   SOLE   950 0 0
IREN LIMITED COM q4982l109   125,500 12,780 SH   SOLE   12,780 0 0
Johnson & Johnson COM 478160104   578,625 4,001 SH   SOLE   4,001 0 0
JPMorgan Chase & Co COM 46625h100   1,674,135 6,984 SH   SOLE   6,984 0 0
Kinder Morgan Inc COM 49456b101   1,593,173 58,145 SH   SOLE   58,145 0 0
Lakeland Financial Corp COM 511656100   1,332,294 19,376 SH   SOLE   19,376 0 0
Lennar Corp Cl A COM 526057104   2,335,473 17,126 SH   SOLE   17,126 0 0
Lilly Eli & Co COM 532457108   2,617,080 3,390 SH   SOLE   3,390 0 0
Lockheed Martin Corp COM 539830109   1,267,817 2,609 SH   SOLE   2,609 0 0
Merck & Co Inc COM 58933y105   2,130,663 21,418 SH   SOLE   21,418 0 0
Metropolitan Bank Holding Corp COM 591774104   1,068,486 18,296 SH   SOLE   18,296 0 0
MGM Resorts International COM 552953101   1,634,856 47,182 SH   SOLE   47,182 0 0
Microsoft Corp COM 594918104   648,267 1,538 SH   SOLE   1,538 0 0
MidWestOne Financial Group Inc COM 598511103   1,915,747 65,788 SH   SOLE   65,788 0 0
Morgan Stanley COM 617446448   748,035 5,950 SH   SOLE   5,950 0 0
MVB Financial Corp COM 553810102   637,249 30,785 SH   SOLE   30,785 0 0
NVR Inc COM 62944t105   4,187,597 512 SH   SOLE   512 0 0
Onemain Holdings Inc COM 68268w103   1,697,561 32,564 SH   SOLE   32,564 0 0
Oneok Inc COM 682680103   309,031 3,078 SH   SOLE   3,078 0 0
Oracle Corp COM 68389x105   979,510 5,878 SH   SOLE   5,878 0 0
Organon & Co Common Stock COM 68622v106   542,372 36,352 SH   SOLE   36,352 0 0
Pathward Financial Inc COM 59100u108   1,623,911 22,070 SH   SOLE   22,070 0 0
PepsiCo Inc COM 713448108   594,859 3,912 SH   SOLE   3,912 0 0
Pfizer Inc COM 717081103   1,098,262 41,397 SH   SOLE   41,397 0 0
Pinnacle Financial Partners In COM 72346q104   1,054,104 9,215 SH   SOLE   9,215 0 0
Price T Rowe Group Inc COM 74144t108   1,859,426 16,442 SH   SOLE   16,442 0 0
Procter And Gamble Co COM 742718109   306,297 1,827 SH   SOLE   1,827 0 0
QCR Holdings Inc COM 74727a104   1,222,099 15,155 SH   SOLE   15,155 0 0
Rtx Corporation Com COM 75513e101   2,003,460 17,313 SH   SOLE   17,313 0 0
Select Med Holdings Corp COM 81619q105   251,723 13,354 SH   SOLE   13,354 0 0
SM Energy Co COM 78454l100   632,757 16,325 SH   SOLE   16,325 0 0
Star Bulk Carriers Corp Par COM y8162k204   333,729 22,323 SH   SOLE   22,323 0 0
Stock Yds Bancorp Inc COM 861025104   1,277,809 17,844 SH   SOLE   17,844 0 0
Synovus Financial Corp COM 87161c501   259,839 5,072 SH   SOLE   5,072 0 0
Taylor Morrison Home Corp Cl A COM 87724p106   214,235 3,500 SH   SOLE   3,500 0 0
Terawulf Inc COM 88080t104   162,442 28,700 SH   SOLE   28,700 0 0
Tesla Inc COM 88160r101   343,668 851 SH   SOLE   851 0 0
Travelers Companies Inc COM 89417e109   279,673 1,161 SH   SOLE   1,161 0 0
Triumph Financial Inc COM 89679e300   3,639,562 40,048 SH   SOLE   40,048 0 0
Union Pacific Corp COM 907818108   267,947 1,175 SH   SOLE   1,175 0 0
US Bancorp Del COM 902973304   232,310 4,857 SH   SOLE   4,857 0 0
Veritex Holdings Inc COM 923451108   2,594,595 95,530 SH   SOLE   95,530 0 0
VF Corp COM 918204108   2,281,241 106,302 SH   SOLE   106,302 0 0
Visa Inc Cl A COM 92826c839   501,555 1,587 SH   SOLE   1,587 0 0
Vulcan Materials Co COM 929160109   352,405 1,370 SH   SOLE   1,370 0 0
Wells Fargo & Co COM 949746101   582,500 8,293 SH   SOLE   8,293 0 0
Western Alliance Bancorp COM 957638109   1,846,234 22,100 SH   SOLE   22,100 0 0
Zions Bancorporation COM 989701107   284,812 5,250 SH   SOLE   5,250 0 0
Total SA Sp ADS AD 89151e109   212,441 3,898 SH   SOLE   3,898 0 0
Alpha Architect 1-3 Month Box ETF 02072l565   1,560,054 14,146 SH   SOLE   14,146 0 0
Fidelity Tr 500 Index Ins Prem MF 315911750   3,205,600 15,699 SH   SOLE   15,699 0 0
Enterprise Products Partners L ML 293792107   615,597 19,630 SH   SOLE   19,630 0 0
Plains All American Pipeline L ML 726503105   556,552 32,585 SH   SOLE   32,585 0 0
Iron Mountain Inc RE 46284v101   2,497,624 23,762 SH   SOLE   23,762 0 0