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
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   7,099,120 56,000 SH   SOLE   56,000 0 0
ALTENERGY ACQUISITION CORP *W EXP 10/29/202 02157M116   463 12,500 SH   SOLE   12,500 0 0
ALTUS POWER INC COM CL A 02217A102   204,900 30,000 SH   SOLE   30,000 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206   11,864,587 212,627 SH   SOLE   212,627 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206   430,776 7,720 SH   OTR   7,720 0 0
APPLE INC COM 037833100   211,783 1,100 SH Put SOLE   1,100 0 0
ARCH RESOURCES INC CL A 03940R107   671,891 4,049 SH   OTR   4,049 0 0
ASPEN AEROGELS INC COM 04523Y105   183,837 11,650 SH   SOLE   11,650 0 0
BLOCKCHAIN COINVSTRS ACQ CRP UNIT 09/01/2026 G11765123   109,500 10,000 SH   SOLE   10,000 0 0
BLOOM ENERGY CORP COM CL A 093712107   177,600 12,000 SH   SOLE   12,000 0 0
BONDBLOXX ETF TRUST USD HIGH YIELD B 09789C770   4,505,760 300,000 SH   SOLE   300,000 0 0
BRAEMAR HOTELS & RESORTS INC 5.5 CUM CV PFD B 10482B200   7,886,555 565,750 SH   SOLE   565,750 0 0
BROOKFIELD RENEWABLE PARTNER PARTNERSHIP UNIT G16258108   215,496 8,200 SH   SOLE   8,200 0 0
CENTRAL PUERTO S A SPONSORED ADR 155038201   2,982,525 327,750 SH   OTR   327,750 0 0
CENTRAL PUERTO S A SPONSORED ADR 155038201   1,840,475 202,250 SH   SOLE   202,250 0 0
CHART INDS INC COM 16115Q308   293,110 2,150 SH   SOLE   2,150 0 0
CHICOS FAS INC COM 168615102   57,262,125 7,554,370 SH   SOLE   7,554,370 0 0
CHICOS FAS INC COM 168615102   3,552,443 468,660 SH   OTR   468,660 0 0
CLEAN ENERGY FUELS CORP COM 184499101   100,346 26,200 SH   SOLE   26,200 0 0
CLEARWAY ENERGY INC CL C 18539C204   438,880 16,000 SH   SOLE   16,000 0 0
CROWN HLDGS INC COM 228368106   276,270 3,000 SH   SOLE   3,000 0 0
DARLING INGREDIENTS INC COM 237266101   279,104 5,600 SH   SOLE   5,600 0 0
ECOVYST INC COM 27923Q109   316,108 32,355 SH   SOLE   32,355 0 0
ENERGEM CORP UNIT 11/15/2026 G30449113   2,560,500 225,000 SH   SOLE   225,000 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   828,000 60,000 SH   OTR   60,000 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   15,752,866 1,141,512 SH   SOLE   1,141,512 0 0
ENGAGESMART INC COMMON STOCK 29283F103   1,997,132 87,211 SH   OTR   87,211 0 0
ENGAGESMART INC COMMON STOCK 29283F103   33,550,721 1,465,097 SH   SOLE   1,465,097 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107   2,071,927 78,631 SH   SOLE   78,631 0 0
EVEREST CONSOLIDATOR ACQ COR UNIT 99/99/9999 29978K201   661,667 60,927 SH   SOLE   60,927 0 0
GRUPO SUPERVIELLE S.A. SPONSORED ADR 40054A108   98,658 24,300 SH   SOLE   24,300 0 0
HERON THERAPEUTICS INC COM 427746102   413,015 242,950 SH   OTR   242,950 0 0
HERON THERAPEUTICS INC COM 427746102   395,760 232,800 SH   SOLE   232,800 0 0
HESS CORP COM 42809H107   504,560 3,500 SH Put SOLE   3,500 0 0
HIGHLAND GLOBAL ALLOCATION F COM 43010T104   677,894 86,246 SH   SOLE   86,246 0 0
HIGHLAND OPPORTUNITIES HIGHLAND INCOME 43010E404   2,568,498 334,005 SH   SOLE   334,005 0 0
HIGHLAND OPPORTUNITIES HIGHLAND INCOME 43010E404   4,491,283 584,042 SH   OTR   584,042 0 0
INTEGRATED RAIL AND RES ACQ UNIT 99/99/9999 45827R205   3,202,245 294,324 SH   SOLE   294,324 0 0
LOMA NEGRA C I A S A MTN 14 SPONSORED ADS 54150E104   453,760 64,000 SH   OTR   64,000 0 0
MERCADOLIBRE INC COM 58733R102   4,714,620 3,000 SH   SOLE   3,000 0 0
NATIONAL WESTN LIFE GROUP IN CL A 638517102   26,952,999 55,801 SH   SOLE   55,801 0 0
NATIONAL WESTN LIFE GROUP IN CL A 638517102   2,199,190 4,553 SH   OTR   4,553 0 0
NEW FORTRESS ENERGY INC COM CL A 644393100   237,699 6,300 SH   SOLE   6,300 0 0
NEXPOINT DIVERSIFIED REL ET COM NEW 65340G205   14,874,331 1,870,985 SH   SOLE   1,870,985 0 0
NEXPOINT DIVERSIFIED REL ET COM NEW 65340G205   8,378,990 1,053,961 SH   OTR   1,053,961 0 0
NEXPOINT REAL ESTATE FIN INC COM 65342V101   83,060,325 5,273,671 SH   SOLE   5,273,671 0 0
NEXPOINT REAL ESTATE FIN INC COM 65342V101   52,190,667 3,313,693 SH   OTR   3,313,693 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102   12,972,501 376,779 SH   SOLE   376,779 0 0
NEXPOINT RESIDENTIAL TR INC COM 65341D102   13,303,926 386,405 SH   OTR   386,405 0 0
OLINK HLDG AB SPONSORED ADS 680710100   35,694,339 1,419,258 SH   SOLE   1,419,258 0 0
OLINK HLDG AB SPONSORED ADS 680710100   1,366,852 54,348 SH   OTR   54,348 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207   3,352,504 67,700 SH   SOLE   67,700 0 0
PATTERSON COS INC COM 703395103   489,340 17,200 SH   SOLE   17,200 0 0
PHOENIX BIOTECH ACQUISITION *W EXP 09/01/202 71902K113   2,555 108,741 SH   SOLE   108,741 0 0
PHYSICIANS RLTY TR COM 71943U104   1,967,245 147,802 SH   OTR   147,802 0 0
PHYSICIANS RLTY TR COM 71943U104   14,305,974 1,074,829 SH   SOLE   1,074,829 0 0
PIONEER NAT RES CO COM 723787107   1,167,127 5,190 SH   OTR   5,190 0 0
PIONEER NAT RES CO COM 723787107   21,681,805 96,415 SH   SOLE   96,415 0 0
PNM RES INC COM 69349H107   6,128,595 147,322 SH   SOLE   147,322 0 0
PNM RES INC COM 69349H107   347,069 8,343 SH   OTR   8,343 0 0
ROVER GROUP INC COM CL A 77936F103   259,336 23,836 SH   OTR   23,836 0 0
ROVER GROUP INC COM CL A 77936F103   4,345,124 399,368 SH   SOLE   399,368 0 0
RPT REALTY SH BEN INT 74971D101   10,671,109 831,731 SH   SOLE   831,731 0 0
RPT REALTY SH BEN INT 74971D101   2,506,341 195,350 SH   OTR   195,350 0 0
SAFEHOLD INC COM 78646V107   871,790 37,256 SH   OTR   37,256 0 0
SERITAGE GROWTH PPTYS CL A 81752R100   3,903,625 417,500 SH   SOLE   417,500 0 0
SOUTHWESTERN ENERGY CO COM 845467109   655,000 100,000 SH Call SOLE   100,000 0 0
SOVOS BRANDS INC COM 84612U107   8,964,404 406,918 SH   SOLE   406,918 0 0
SPECTAIRE HLDGS INC *W EXP 10/17/202 84753T117   1,188 198,080 SH   SOLE   198,080 0 0
SPIRIT AIRLS INC COM 848577102   1,788,149 109,100 SH Put SOLE   109,100 0 0
SPIRIT AIRLS INC COM 848577102   101,618 6,200 SH Put OTR   6,200 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300   64,049,758 1,466,005 SH   SOLE   1,466,005 0 0
SPIRIT RLTY CAP INC NEW COM NEW 84860W300   3,714,000 85,008 SH   OTR   85,008 0 0
STANDARD BIOTOOLS INC COM 34385P108   276 125 SH   OTR   125 0 0
STANDARD BIOTOOLS INC COM 34385P108   33,862 15,322 SH   SOLE   15,322 0 0
SUNNOVA ENERGY INTL INC. COM 86745K104   166,530 10,920 SH   SOLE   10,920 0 0
TARGA RES CORP COM 87612G101   5,716,046 65,800 SH   SOLE   65,800 0 0
TECK RESOURCES LTD CL B 878742204   222,552 5,265 SH   SOLE   5,265 0 0
TELESAT CORP CL A & CL B SHS 879512309   491,253 47,100 SH   OTR   47,100 0 0
TELESAT CORP CL A & CL B SHS 879512309   5,672,074 543,823 SH   SOLE   543,823 0 0
TESLA INC COM 88160R101   323,024 1,300 SH Put SOLE   1,300 0 0
TEUCRIUM COMMODITY TR CORN FD SHS 88166A102   4,461,755 206,850 SH   SOLE   206,850 0 0
TEXTAINER GROUP HOLDINGS LTD SHS G8766E109   2,220,888 45,140 SH   OTR   45,140 0 0
TEXTAINER GROUP HOLDINGS LTD SHS G8766E109   39,189,325 796,531 SH   SOLE   796,531 0 0
UNITED STATES STL CORP NEW COM 912909108   460,716 9,470 SH   OTR   9,470 0 0
UNITED STATES STL CORP NEW COM 912909108   7,959,140 163,600 SH   SOLE   163,600 0 0
UR-ENERGY INC COM 91688R108   23,100 15,000 SH   SOLE   15,000 0 0
VISTRA CORP COM 92840M102   1,155,600 30,000 SH Put SOLE   30,000 0 0
VISTRA CORP COM 92840M102   2,561,580 66,500 SH   SOLE   66,500 0 0
WENDYS CO COM 95058W100   225,968 11,600 SH   SOLE   11,600 0 0
WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT 958669103   4,068,603 139,050 SH   SOLE   139,050 0 0
WHEELER REAL ESTATE INVT TR CV PFD SER B 963025309   106,991 82,301 SH   SOLE   82,301 0 0
WHITESTONE REIT COM 966084204   10,756,884 875,255 SH   SOLE   875,255 0 0