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
ABRDN PLATINUM ETF TRUST PHYSCL PLATM SHS 003260106   9,282,833 101,485 SH   SOLE   0 0 101,485
ABRDN SILVER ETF TRUST PHYSCL SILVR SHS 003264108   4,343,040 156,000 SH   SOLE   9,501 0 146,499
ADECOAGRO S A COM L00849106   25,780,170 2,649,555 SH   SOLE   962,279 0 1,687,276
ADVISORSHARES TR PURE US CANNABIS 00768Y453   549,750 75,000 SH   SOLE   0 0 75,000
AGNICO EAGLE MINES LTD COM 008474108   13,770,951 210,565 SH   SOLE   0 0 210,565
ALAMOS GOLD INC NEW COM CL A 011532108   11,537,266 735,795 SH   SOLE   0 0 735,795
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   2,457,657 21,011 SH   SOLE   0 0 21,011
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839   394,542 20,700 SH   SOLE   0 0 20,700
ANTERO RESOURCES CORP COM 03674X106   815,750 25,000 SH   SOLE   0 0 25,000
APPLE INC COM 037833100   405,380,314 1,924,700 SH Put SOLE   485,600 0 1,439,100
BRF SA SPONSORED ADR 10552T107   1,424,500 350,000 SH   SOLE   0 0 350,000
CAMDEN PPTY TR SH BEN INT 133131102   2,678,214 24,546 SH   SOLE   0 0 24,546
CENOVUS ENERGY INC COM 15135U109   983,000 50,000 SH   SOLE   50,000 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105   140,336,000 2,240,000 SH Put SOLE   1,450,000 0 790,000
CORTEVA INC COM 22052L104   399,156 7,400 SH   SOLE   0 0 7,400
COSAN S A ADS 22113B103   2,191,500 225,000 SH   SOLE   225,000 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106   820,849 99,860 SH   SOLE   99,300 0 560
DECKERS OUTDOOR CORP COM 243537107   34,071,840 35,200 SH Put SOLE   4,800 0 30,400
DISCOVER FINL SVCS COM 254709108   784,860 6,000 SH   SOLE   0 0 6,000
DOUBLELINE INCOME SOLUTIONS COM 258622109   4,642,403 370,799 SH   SOLE   0 0 370,799
DOUBLELINE OPPORTUNISTIC CR COM 258623107   4,347,894 283,066 SH   SOLE   0 0 283,066
DOUBLELINE YIELD OPPORTUNITI COM 25862D105   6,040,300 382,782 SH   SOLE   0 0 382,782
EA SERIES TRUST ALPHA ARCH 1-3 02072L565   9,102,713 84,429 SH   SOLE   0 0 84,429
EQUINOX GOLD CORP COM 29446Y502   12,162,475 2,325,521 SH   SOLE   700,633 0 1,624,888
FISERV INC COM 337738108   652,199 4,376 SH   SOLE   0 0 4,376
GEN RESTAURENT GROUP CL A COM 36870C104   737,955 81,452 SH   SOLE   81,452 0 0
GLOBAL X FDS GLOBAL X URANIUM 37954Y871   311,126 10,747 SH   SOLE   0 0 10,747
HEALTHPEAK PROPERTIES INC COM 42250P103   3,341,565 170,488 SH   SOLE   0 0 170,488
HERITAGE GLOBAL INC COM 42727E103   1,064,934 432,900 SH   SOLE   0 0 432,900
INMODE LTD SHS M5425M103   273,600 15,000 SH   SOLE   0 0 15,000
INTERNATIONAL TOWER HILL MIN COM 46050R102   878,819 1,777,727 SH   SOLE   1,065,256 0 712,471
ISHARES INC MSCI JAPN SMCETF 464286582   2,113,655 29,771 SH   SOLE   0 0 29,771
ISHARES SILVER TR ISHARES 46428Q109   7,418,982 279,224 SH   SOLE   0 0 279,224
ISHARES SILVER TR ISHARES 46428Q109   55,743,860 2,098,000 SH Call SOLE   0 0 2,098,000
ISHARES TR 1 3 YR TREAS BD 464287457   807,600 9,891 SH   SOLE   0 0 9,891
LARGO INC COM 517097101   370,046 200,025 SH   SOLE   200,025 0 0
LINCOLN EDL SVCS CORP COM 533535100   27,862,639 2,349,295 SH   SOLE   1,057,594 0 1,291,701
MAUI LD & PINEAPPLE INC COM 577345101   11,606,811 526,386 SH   SOLE   109,448 0 416,938
MICROSOFT CORP COM 594918104   4,374,300 9,787 SH   SOLE   0 0 9,787
MID-AMER APT CMNTYS INC COM 59522J103   2,698,039 18,919 SH   SOLE   0 0 18,919
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADS 606822104   15,233,011 1,410,464 SH   SOLE   199,958 0 1,210,506
MOSAIC CO NEW COM 61945C103   9,600,840 332,209 SH   SOLE   39,879 0 292,330
MYOMO INC COM NEW 62857J201   9,135,888 2,846,071 SH   SOLE   663,408 0 2,182,663
NEW GOLD INC CDA COM 644535106   10,160,208 5,210,363 SH   SOLE   1,369,263 0 3,841,100
NEWMONT CORP COM 651639106   418,700 10,000 SH   SOLE   0 0 10,000
NOBLE CORP PLC ORD SHS A G65431127   6,920,750 155,000 SH   SOLE   155,000 0 0
NORTHERN DYNASTY MINERALS LT COM NEW 66510M204   3,204,215 10,330,688 SH   SOLE   5,051,640 0 5,279,048
OCCIDENTAL PETE CORP COM 674599105   630,300 10,000 SH   SOLE   0 0 10,000
PERPETUA RESOURCES CORP COM 714266103   7,542,590 1,450,498 SH   SOLE   653,579 0 796,919
PILGRIMS PRIDE CORP COM 72147K108   1,088,305 28,275 SH   SOLE   0 0 28,275
PROGRESSIVE CORP COM 743315103   1,038,550 5,000 SH   SOLE   0 0 5,000
RANGE RES CORP COM 75281A109   11,227,018 334,835 SH   SOLE   0 0 334,835
RAYONIER INC COM 754907103   409,529 14,078 SH   SOLE   0 0 14,078
REMITLY GLOBAL INC COM 75960P104   9,284,502 766,048 SH   SOLE   0 0 766,048
SCORPIO TANKERS INC SHS Y7542C130   710,800 8,744 SH   SOLE   0 0 8,744
SEACOR MARINE HLDGS INC COM 78413P101   3,336,846 247,357 SH   SOLE   247,357 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407   45,600,000 250,000 SH Put SOLE   250,000 0 0
SIMPLIFY EXCHANGE TRADED FUN MACRO STRATEGY 82889N715   2,157,423 103,358 SH   SOLE   238 0 103,120
SPDR GOLD TR GOLD SHS 78463V107   677,497 3,151 SH   SOLE   0 0 3,151
SSGA ACTIVE ETF TR SPDR TR TACTIC 78467V848   7,926,603 199,562 SH   SOLE   0 0 199,562
ST JOE CO COM 790148100   875,200 16,000 SH   SOLE   0 0 16,000
TIDEWATER INC NEW COM 88642R109   1,190,125 12,500 SH   SOLE   0 0 12,500
TORM PLC SHS CL A G89479102   387,700 10,000 SH   SOLE   0 0 10,000
VALARIS LTD CL A G9460G101   17,568,739 235,822 SH   SOLE   145,047 0 90,775
VALE S A SPONSORED ADS 91912E105   8,292,608 742,400 SH   SOLE   200,310 0 542,090
VANECK ETF TRUST GOLD MINERS ETF 92189F106   13,605,930 401,000 SH Call SOLE   0 0 401,000
VANECK ETF TRUST GOLD MINERS ETF 92189F106   20,358,000 600,000 SH Put SOLE   600,000 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   4,422,600 105,000 SH Call SOLE   0 0 105,000
VANECK ETF TRUST SEMICONDUCTR ETF 92189F676   443,033,580 1,699,400 SH Put SOLE   596,000 0 1,103,400
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102   28,105,955 484,669 SH   SOLE   0 0 484,669
WESTERN COPPER & GOLD CORP COM 95805V108   1,785,661 1,552,749 SH   SOLE   771,065 0 781,684