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
Choice Hotels Intl Inc COM 169905106   124,542,904 1,046,579 SH   SOLE   1,046,579 0 0
Goldman Saches Access Treasury 0 ETF ACCES TREASURY 381430529   44,818,125 447,823 SH   SOLE   447,823 0 0
Ishares MSCI Mexico ETF MSCI MEXICO ETF 464286822   2,397,541 42,365 SH   SOLE   42,365 0 0
ITAU UNIBANCO HOLDING ADR REP 1 PRF (NYS) SPON ADR REP PFD 465562106   7,931 1,358 SH   SOLE   1,358 0 0
PAR TECHNOLOGY ORD (NYS) COM 698884103   2,699,576 57,328 SH   SOLE   57,328 0 0
RENTOKIL INITIAL ADS ECH REP 5 ORD (NYS) SPONSORED ADR 760125104   1,828,130 61,657 SH   SOLE   61,657 0 0
ATRENEW INC SPONSORED ADS 00138L108   146,196 61,686 SH   SOLE   61,686 0 0
ABRDN BLOOMBERG ALL COMMODIT BBRG ALL COMD K1 003261104   789,455 38,832 SH   SOLE   38,832 0 0
ACADEMY SPORTS AND OUTDOORS ORD (NMS) COM 00402L107   532,500 10,000 SH   SOLE   10,000 0 0
ALTA EQUIPMENT GROUP CL A ORD (NYS) COM 02128L106   1,079,667 134,287 SH   SOLE   134,287 0 0
ASBURY AUTOMOTIVE GROUP ORD (NYS) COM 043436104   1,139,350 5,000 SH   SOLE   5,000 0 0
BLUELINX ORD (NYS) CL A 09624H208   1,163,625 12,500 SH   SOLE   12,500 0 0
CROCS ORD (NMS) COM 227046109   948,610 6,500 SH   SOLE   6,500 0 0
EURONET WORLDWIDE ORD (NMS) COM 298736109   1,293,750 12,500 SH   SOLE   12,500 0 0
EXTREME NETWORKS ORD (NMS) COM 30226D106   1,681,250 125,000 SH   SOLE   125,000 0 0
FT ENERGY INC PARTNERS STRAT ENERGY INM PARTN 33739Q804   1,236,499 52,955 SH   SOLE   52,955 0 0
FULL TRUCK ALLNC 20 ADR REP CL A ORD (NYS) SPONSORED ADS 35969L108   562,800 70,000 SH   SOLE   70,000 0 0
GRIFFON ORD (NYS) COM 398433102   3,071,666 48,100 SH   SOLE   48,100 0 0
ICICI Bank Limited ADR 45104G104   16,442 1,468 SH   SOLE   1,468 0 0
IN8BIO, INC. (NMS) COM 45674E109   44,348 52,390 SH   SOLE   52,390 0 0
INTERNATIONAL MONEY EXPRESS ORD (NMS) COM 46005L101   1,042,000 50,000 SH   SOLE   50,000 0 0
ISHARES CORE S&P TOTAL U.S. CORE S&P TTL STK 464287150   126,089,246 1,061,536 SH   SOLE   1,061,536 0 0
ISHARES CORE S&P TOTAL U.S. CORE S&P TTL STK 464287150   32,631,968 275,231 SH   SOLE 1 275,231 0 0
iShares TIPS Bond ETF US TIPS ETF 464287176   59,063,908 2,746,308 SH   SOLE   2,746,308 0 0
iShares Core S&P 500 ETF CORE S&P500 ETF 464287200   390,175 713 SH   SOLE   713 0 0
ISHARES CORE U.S. AGGREGATE BOND ETF CORE US AGGBD ET 464287226   98,867,733 1,283,660 SH   SOLE   1,283,660 0 0
ISHARES 7-10 YEAR TREASURY B 7-10 YR TRSY BD 464287440   5,016,081 53,562 SH   SOLE   53,562 0 0
ISHARES 1-3 YEAR TREASURY BO 1 3 YR TREAS BD 464287457   5,499,372 67,353 SH   SOLE   67,353 0 0
ISHARES SHORT TREASURY BOND SHORT TREAS BD 464288679   2,928,582 26,503 SH   SOLE   26,503 0 0
ISHARES MSCI INDIA ETF MSCI INDIA ETF 46429B598   17,527,294 314,220 SH   SOLE   314,220 0 0
ISHARES MSCI POLAND ETF (PSE) MSCI POLAND ETF 46429B606   29,019 1,183 SH   SOLE   1,183 0 0
ISHARES FLOATING RATE BOND ETF FLTG RATE NT ETF 46429B655   702,487 13,750 SH   SOLE   13,750 0 0
ISHARES CORE MSCI EAFE ETF CORE MSCI EAFE 46432F842   10,744,782 141,035 SH   SOLE 1 141,035 0 0
ISHARES CORE MSCI EMERGING ETF CORE MSCI EMKT 46434G103   17,010,709 317,779 SH   SOLE   317,779 0 0
ISHARES CORE MSCI EMERGING ETF CORE MSCI EMKT 46434G103   248,754 4,647 SH   SOLE 1 4,647 0 0
Ishares MSCI Japan ETF MSCI JPN ETF NEW 46434G822   25,969,755 380,565 SH   SOLE   380,565 0 0
ISHARES MSCI SAUDI ARABIA ETF (PSE) MSCI SAUDI ARBIA 46434V423   51,587 1,270 SH   SOLE   1,270 0 0
ISHARES MSCI UAE ETF (NMS) MSCI UAE ETF 46434V761   22,468 1,634 SH   SOLE   1,634 0 0
ISHARES MSCI QATAR ETF (NMS) MSCI QATAR ETF 46434V779   18,889 1,119 SH   SOLE   1,119 0 0
iShares Core MSCI International Developed Markets ETF CORE MSCI INTL 46435G326   48,002,466 731,299 SH   SOLE   731,299 0 0
ISHARES MSCI KUWAIT ETF (BAT) MSCI KUWAIT ETF 46436E817   10,199 327 SH   SOLE   327 0 0
I3 VERTICALS INC COM CL A 46571Y107   143,410 6,495 SH   SOLE   6,495 0 0
JPMORGAN BETABUILDERS JAPAN BETABULDRS JAPAN 46641Q217   3,370,733 59,733 SH   SOLE   59,733 0 0
JP Morgan Ultra Short Income ETF ULTRA SHRT INC 46641Q837   36,385,741 720,938 SH   SOLE   720,938 0 0
KE HOLDINGS ADR REP 3 CL A ORD (NYS) SPONSORED ADS 482497104   4,938 349 SH   SOLE   349 0 0
LATHAM GROUP INC COM 51819L107   303,000 100,000 SH   SOLE   100,000 0 0
LEGACY HOUSING ORD (NMS) COM 52472M101   601,074 26,202 SH   SOLE   26,202 0 0
MERIDIANLINK ORD (NYS) COMMON STOCK 58985J105   207,811 9,729 SH   SOLE   9,729 0 0
NEW ORIENTL EDUCTN GRP ADR REP 1 ORD (NYS) SPON ADS 647581206   7,073 91 SH   SOLE   91 0 0
NEW ORIENTL EDUCTN GRP ADR REP 1 ORD (NYS) SPON ADR 647581206   303,147 3,900 SH   SOLE   3,900 0 0
MINISO GROUP HOLD ADR REP 4 ORD (NYS) SPONSORED ADS 66981J102   18,040 946 SH   SOLE   946 0 0
MINISO GROUP HOLDING LTD ADR SPONSORED ADR 66981J102   669,357 35,100 SH   SOLE   35,100 0 0
PETROLEO BRASILEIRO ADR REPSTG 2 PRF (NYS) SP ADR NON VTG 71654V101   8,743 641 SH   SOLE   641 0 0
PETROLEO BRASILEIRO ADR REPSTG 2 ORD (NYS) SPONSORED ADR 71654V408   7,564 522 SH   SOLE   522 0 0
PDD HOLDINGS ADS (NMS) SPONSORED ADS 722304102   155,419 1,169 SH   SOLE   1,169 0 0
PDD HOLDINGS ADS (NMS) SPONSORED ADS 722304102   465,325 3,500 SH   SOLE   3,500 0 0
RLX TECHNOLOGY ADS REP CL A ORD (NYS) SPONSORED ADS 74969N103   6,124 3,328 SH   SOLE   3,328 0 0
R1 RCM ORD (NMS) COM 77634L105   2,826,000 225,000 SH   SOLE   225,000 0 0
SPDR GOLD SHARES ETF GOLD SHS 78463V107   41,997,902 195,330 SH   SOLE   195,330 0 0
SPDR GOLD SHARES ETF GOLD SHS 78463V107   4,508,545 20,969 SH   SOLE 1 20,969 0 0
SPDR BLOOMBERG INT TREASURY BLOOMBERG INTL T 78464A516   2,730,996 127,438 SH   SOLE   127,438 0 0
SCHWAB U.S. TIPS ETF US TIPS ETF 808524870   2,081,700 40,025 SH   SOLE   40,025 0 0
SEA ADS REP CL A ORD (NYS) SPONSORED ADS 81141R100   86,418 1,210 SH   SOLE   1,210 0 0
UNITED PARKS & RESORTS INC COM 81282V100   1,357,750 25,000 SH   SOLE   25,000 0 0
SKYLINE CHAMPION ORD (NYS) COM 830830105   338,750 5,000 SH   SOLE   5,000 0 0
SOLARWINDS ORD (NYS) COM 83417Q204   1,506,250 125,000 SH   SOLE   125,000 0 0
VALE ADR REPTG ONE ORD (NYS) SPONSORED ADR 91912E105   11,516 1,031 SH   SOLE   1,031 0 0
VISHOP HLDGS LTD SPONSORED ADS A 92763W103   162,750 12,500 SH   SOLE   12,500 0 0
XPONENTIAL FITNESS CL A ORD (NYS) COM CL A 98422X101   1,482,000 95,000 SH   SOLE   95,000 0 0
YUM CHINA ORD (NYS) COM 98850P109   9,221 299 SH   SOLE   299 0 0
ZTO EXPRESS CAYMAN ADR REP CL A ORD (NYS) SPONSORED ADS A 98980A105   10,271 495 SH   SOLE   495 0 0
AMER SPORTS INC COM SHS G0260P102   314,250 25,000 SH   SOLE   25,000 0 0
CRH PUBLIC LIMITED ORD (NYS) ORD G25508105   2,249,400 30,000 SH   SOLE   30,000 0 0
GIGACLOUD TECHNOLOGY CL A ORD (NMS) CLASS A ORD G38644103   273,780 9,000 SH   SOLE   9,000 0 0
GENIUS SPORTS ORD (NYS) SHARES CL A G3934V109   1,226,250 225,000 SH   SOLE   225,000 0 0
VASTA PLATFORM CL A ORD (NMS) CL A G9440A109   20,969 6,875 SH   SOLE   6,875 0 0
VITRU ORD (NMS) COM G9440D103   34,002 15,316 SH   SOLE   15,316 0 0
PLAYA HOTELS RESORTS ORD (NMS) SHS N70544106   1,080,867 128,828 SH   SOLE   128,828 0 0