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
Air Lease Corporation CL A 00912X302   9,643 212,923 SH   SOLE   212,923 0 0
Amazon.com Inc. COM 023135106   10,999 59,030 SH   SOLE   59,030 0 0
American Express Co. COM 025816109   3,101 11,436 SH   SOLE   11,436 0 0
Amgen Inc. COM 031162100   4,046 12,557 SH   SOLE   12,557 0 0
Apple Inc. COM 037833100   5,199 22,313 SH   SOLE   22,313 0 0
CBL & Associates Properties Inc. COMMON STOCK 124830878   8,256 327,637 SH   SOLE   327,637 0 0
Cadeler A/S Spons Adr SPON ADR 12738K109   13,250 470,188 SH   SOLE   470,188 0 0
Cheniere Energy Inc COM NEW 16411R208   5,755 32,000 SH   SOLE   32,000 0 0
Cheniere Energy Partners COM UNIT 16411Q101   270 5,550 SH   SOLE   5,550 0 0
Chord Energy Corp. COM NEW 674215207   25,797 198,085 SH   SOLE   198,085 0 0
Comcast Cl A CL A 20030N101   6,252 149,671 SH   SOLE   149,671 0 0
Corning Inc. COM 219350105   5,934 131,429 SH   SOLE   131,429 0 0
EQT Corporation COM 26884L109   9,568 261,140 SH   SOLE   261,140 0 0
Genco Shipping SHS Y2685T131   1,073 55,000 SH   SOLE   55,000 0 0
Genworth Financial Inc COM SHS 37247D106   5,647 824,415 SH   SOLE   824,415 0 0
Gilead Sciences Inc. COM 375558103   2,421 28,873 SH   SOLE   28,873 0 0
Hyster-Yale Materials Handling Inc. Cl A CL A 449172105   17,279 270,955 SH   SOLE   270,955 0 0
Invesco Ltd. SHS G491BT108   4,341 247,229 SH   SOLE   247,229 0 0
Joby Aviation Inc. COMMON STOCK G65163100   10,322 2,052,030 SH   SOLE   2,052,030 0 0
MBIA Inc COM 55262C100   7,931 2,221,502 SH   SOLE   2,221,502 0 0
Mammoth Energy Services, Inc. COM 56155L108   12,828 3,136,371 SH   SOLE   3,136,371 0 0
Maui Land & Pineapple Co. COM 577345101   16,423 731,516 SH   SOLE   731,516 0 0
Mesabi Trust CTF BEN INT 590672101   18,673 824,397 SH   SOLE   824,397 0 0
Micron Technology Inc COM 595112103   12,851 123,912 SH   SOLE   123,912 0 0
New York Times Cl A CL A 650111107   5,890 105,799 SH   SOLE   105,799 0 0
Noble Corp PLC ORD SHS A G65431127   4,891 135,330 SH   SOLE   135,330 0 0
Qualcomm Inc. COM 747525103   10,897 64,081 SH   SOLE   64,081 0 0
Rivian Automotive Inc Class A COM CL A 76954A103   11,865 1,057,455 SH   SOLE   1,057,455 0 0
Spirit AeroSystems Holdings, Inc. COM CL A 848574109   7,806 240,105 SH   SOLE   240,105 0 0
Star Bulk Carriers Corp. SHS PAR Y8162K204   8,334 351,787 SH   SOLE   351,787 0 0
Tidewater Inc. COM 88642r109   18,369 255,876 SH   SOLE   255,876 0 0
United Natural Foods Inc. COM 911163103   8,438 501,686 SH   SOLE   501,686 0 0
Valaris Ltd CL A G9460G101   19,528 350,286 SH   SOLE   350,286 0 0
Bank of America CNV PFD L 7.25%CNV PFD L 060505682   214 168 SH   SOLE   168 0 0