# EDGAR Filing Document

**Accession Number:** 0001687156
**File Stem:** 0001214659-26-005743
**Filing Date:** 2026-5
**Character Count:** 24857
**Document Hash:** 3e294919a4c0fde503ac5b93bc516351
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-26-005743.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001214659-26-005743

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**EFFECTIVENESS DATE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Harbor Advisors LLC
- **CENTRAL INDEX KEY:** 0001687156

**ORGANIZATION NAME:**
- **EIN:** 113555982

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17610
- **FILM NUMBER:** 26954232

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 CENTREPARK BLVD, SUITE 950
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401
- **BUSINESS PHONE:** 5614592946

**MAIL ADDRESS:**
- **STREET 1:** 1400 CENTREPARK BLVD, SUITE 950
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Harbor Advisors LLC<br>**Address:** 1400 Centrepark Blvd Suite 950<br>West Palm Beach, FL 33401

**Form 13F File Number:** 028-17610

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** JACK (SHIAUJIE) FU<br>**Title:** MANAGER<br>**Phone:** 5614592946

**Signature, Place, and Date of Signing:**

/s/ JACK (SHIAUJIE) FU  WEST PALM BEACH, FL  05-04-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 197

**Form 13F Information Table Value Total:** $692178004

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADOBE INC | COM | 00724F101 | BBG000BB5006 | 1458480 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG000BBQCY0 | 813720 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| AFFILIATED MANAGERS GROUP | COM | 008252108 | BBG000C060M4 | 691750 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG000DLVDK3 | 568344 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 | BBG000BJQWD2 | 2297000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALERUS FINL CORP | COM | 01446U103 | BBG000BTXSH7 | 233947 | 9867 | SH |  | SOLE |  | 9867 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JVL2 | 1129140 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB30 | 5737200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 41868736 | 145600 | SH |  | SOLE |  | 145600 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG000BVPV84 | 31906964 | 153200 | SH |  | SOLE |  | 153200 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG000BCQZS4 | 604960 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| AMERICAN INTEGRITY INS GROUP | COM | 026948109 | BBG000BN06C9 | 591742 | 30692 | SH |  | SOLE |  | 30692 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG000BBDZG3 | 677250 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 | BBG000QF05R6 | 114600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ANNEXON INC | COM | 03589W102 | BBG007QVDFG2 | 55400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPK6 | 806950 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 | BBG00ZNLTFK3 | 1776926 | 15947 | SH |  | SOLE |  | 15947 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 37662436 | 148400 | SH |  | SOLE |  | 148400 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 | BBG000HXNN20 | 1103885 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 | BBG0068KVV91 | 1581950 | 14500 | SH |  | SOLE |  | 14500 | 0 | 0 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 | BBG000K6MRN4 | 924581 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 | BBG000BKS4S3 | 666337 | 18644 | SH |  | SOLE |  | 18644 | 0 | 0 |
| BANK OF N T BUTTERFIELD  SO | SHS NEW | G0772R208 | BBG00DK7NM27 | 7604772 | 144908 | SH |  | SOLE |  | 144908 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG000QFJJW0 | 984570 | 21455 | SH |  | SOLE |  | 21455 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 | BBG000BB07P9 | 203950 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 | BBG000DLFM21 | 54000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG000DWCFL4 | 718140 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BGC GROUP INC | CL A | 088929104 | BBG01H9FTGX5 | 97800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WN4 | 3773750 | 3924 | SH |  | SOLE |  | 3924 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG000BH0106 | 1575363 | 13700 | SH |  | SOLE |  | 13700 | 0 | 0 |
| BLOOM ENERGY CORP | COM CL A | 093712107 | BBG000N7KBZ3 | 270980 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 | BBG00XV417R8 | 365200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| BLUE RIDGE BANKSHARES INC VA | COM | 095825105 | BBG000BJ7RY1 | 88540 | 21081 | SH |  | SOLE |  | 21081 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5S69 | 1083285 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 | BBG000BWSGF4 | 1565040 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 | BBG000HW5GX3 | 24355254 | 499800 | SH |  | SOLE |  | 499800 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | BBG000BCVMH9 | 1474560 | 18746 | SH |  | SOLE |  | 18746 | 0 | 0 |
| CAPITAL BANCORP INC MD | COM | 139737100 | BBG000G2Z909 | 342516 | 11517 | SH |  | SOLE |  | 11517 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HYS8 | 732030 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 | BBG000C04224 | 812760 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 | BBG000BDXCJ5 | 392880 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| CHARTER COMMUNICATIONS INC | CL A | 16119P108 | BBG000VPGNR2 | 1887655 | 8744 | SH |  | SOLE |  | 8744 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 | BBG000K4ND22 | 2601147 | 12572 | SH |  | SOLE |  | 12572 | 0 | 0 |
| CIPHER DIGITAL INC | COM | 17253J106 | BBG00XYHY0K2 | 386100 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG000FY4S11 | 567050 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG000BHLYP4 | 295350 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG000BQQH30 | 1223904 | 9272 | SH |  | SOLE |  | 9272 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 | BBG011ZTRJ21 | 309880 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 | BBG000D7JKW9 | 1071430 | 26560 | SH |  | SOLE |  | 26560 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 | BBG000C3GN47 | 2109911 | 60043 | SH |  | SOLE |  | 60043 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKS03 | 2440063 | 6250 | SH |  | SOLE |  | 6250 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG000BGJRC8 | 1231500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| CUSTOMERS BANCORP INC | COM | 23204G100 | BBG0023XX761 | 1596430 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 | BBG000BH3JF8 | 2370948 | 12505 | SH |  | SOLE |  | 12505 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 | BBG00DW3SZS1 | 246195 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| DELTA AIR LINES INC | COM NEW | 247361702 | BBG000R7Z112 | 305941 | 4602 | SH |  | SOLE |  | 4602 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG000BBVJZ8 | 519806 | 10330 | SH |  | SOLE |  | 10330 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSYX9 | 869880 | 4398 | SH |  | SOLE |  | 4398 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG000Q5ZRM7 | 4604726 | 25552 | SH |  | SOLE |  | 25552 | 0 | 0 |
| DOW HLDGS INC | COM | 260557103 | BBG00BN96922 | 208250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 | BBG000TGLV00 | 1170700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG000BNBDC2 | 1195701 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG000BZ9223 | 3744363 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 | BBG000BHPL78 | 2160840 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG000MBDGM6 | 234512618 | 239240 | SH |  | SOLE |  | 239240 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 | BBG000BP30Y0 | 4477650 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 | BBG000C1XVK6 | 1634250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG000GZQ728 | 1366951 | 8057 | SH |  | SOLE |  | 8057 | 0 | 0 |
| F ANNUITIES  LIFE INC | COMMON STOCK | 30190A104 | BBG01BGVGG87 | 361443 | 14275 | SH |  | SOLE |  | 14275 | 0 | 0 |
| FB FINL CORP | COM | 30257X104 | BBG00DM434G9 | 2119100 | 40799 | SH |  | SOLE |  | 40799 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG000BJF1Z8 | 381469 | 1071 | SH |  | SOLE |  | 1071 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD768 | 9623141 | 41255 | SH |  | SOLE |  | 41255 | 0 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 | BBG01H0DF657 | 574496 | 8973 | SH |  | SOLE |  | 8973 | 0 | 0 |
| FIDELITY NATL FINL INC | COM SHS | 31620R303 | BBG006N7S6K9 | 1549509 | 33409 | SH |  | SOLE |  | 33409 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC D | CL A | 31946M103 | BBG000BJCDS3 | 964946 | 512 | SH |  | SOLE |  | 512 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 | BBG000GHZSZ6 | 494620 | 21732 | SH |  | SOLE |  | 21732 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 | BBG00JHNJW99 | 278334 | 4766 | SH |  | SOLE |  | 4766 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 | BBG00JHNKJY8 | 2191224 | 41265 | SH |  | SOLE |  | 41265 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 | BBG000RD3CL8 | 494100 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| FREEPORT MCMORAN INC | CL B | 35671D857 | BBG000BJDB15 | 293900 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 | BBG019M62R45 | 13965000 | 57000 | SH |  | SOLE |  | 57000 | 0 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 | BBG0174VKJ51 | 271700 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| FTI CONSULTING INC | COM | 302941109 | BBG000K88H58 | 795465 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG000BBHXQ3 | 1813858 | 8375 | SH |  | SOLE |  | 8375 | 0 | 0 |
| GARTNER INC | COM | 366651107 | BBG000BB65D0 | 395850 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 | BBG00DYK7TL5 | 1913775 | 47500 | SH |  | SOLE |  | 47500 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG000BK6MB5 | 1986390 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W31 | 1091125 | 1250 | SH |  | SOLE |  | 1250 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG000CKGBP2 | 278740 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| GODADDY INC | CL A | 380237107 | BBG006MDLY05 | 248010 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG000C6CFJ5 | 422995 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| GRUPO TELEVISA S A B | SPON ADR REP ORD | 40049J206 | BBG000BJDPF9 | 71667 | 24628 | SH |  | SOLE |  | 24628 | 0 | 0 |
| HANMI FINL CORP | COM NEW | 410495204 | BBG000M4M6Q0 | 527200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 | BBG000QW7VC1 | 236620 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| HERSHEY CO | COM | 427866108 | BBG000BLHRS2 | 207890 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 | BBG011N57109 | 122013 | 26467 | SH |  | SOLE |  | 26467 | 0 | 0 |
| HIGHWOODS PPTYS INC | COM | 431284108 | BBG000C43744 | 214100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | BBG0058KMH30 | 2169003 | 7133 | SH |  | SOLE |  | 7133 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG000BKZB36 | 1808895 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| HOMETRUST BANCSHARES INC | COM | 437872104 | BBG002CV5W70 | 298337 | 6995 | SH |  | SOLE |  | 6995 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 | BBG000CZTB66 | 3590500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| HOYNE BANCORP INC | COM | 44326H107 | BBG01VNLTT85 | 217125 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 | BBG000NS26Q8 | 387933 | 29146 | SH |  | SOLE |  | 29146 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 | BBG000CVRFS4 | 575160 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| INGLES MKTS INC | CL A | 457030104 | BBG000BLXDJ5 | 269670 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 | BBG000LV0836 | 12530822 | 186832 | SH |  | SOLE |  | 186832 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG000BJPDZ1 | 230495 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | BBG000CPLR52 | 268730 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 | BBG000BWDVW8 | 741360 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| JANUS LIVING INC | CL A-1 | 471024109 | BBG020PSLYJ0 | 235700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 | BBG005YHY0Q7 | 413980 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| JEFFERIES FINANCIAL GROUP IN | COM | 47233W109 | BBG000BNHSP9 | 619050 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 | BBG000C2L2L0 | 304320 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG000DMBXR2 | 7103376 | 24148 | SH |  | SOLE |  | 24148 | 0 | 0 |
| KENVUE INC | COM | 49177J102 | BBG01C79X561 | 292235 | 16951 | SH |  | SOLE |  | 16951 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 | BBG000TJM7F0 | 789900 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 | BBG000BB2DM7 | 225848 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 | BBG00D8JD9Z9 | 444158 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| KURA ONCOLOGY INC | COM | 50127T109 | BBG008974342 | 162600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 | BBG000BB5B84 | 1021086 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 | BBG006GNSZW5 | 939302 | 18674 | SH |  | SOLE |  | 18674 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 | BBG01K9HZH92 | 121432 | 10044 | SH |  | SOLE |  | 10044 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 | BBG01K9KJ3B1 | 285274 | 24320 | SH |  | SOLE |  | 24320 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 | BBG000FQ7YR4 | 305020 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG000BNDN65 | 874236 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| MADRIGAL PHARMACEUTICALS INC | COM | 558868105 | BBG000QS6NV8 | 261735 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG000BGD7W6 | 327070 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | BBG000BGYMH7 | 2649060 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 12991160 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 | BBG000DYGNW7 | 865360 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 | BBG000BHP8J4 | 99400 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 7895394 | 13800 | SH |  | SOLE |  | 13800 | 0 | 0 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 | BBG001KHD495 | 2623635 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG000C5Z1S3 | 17229840 | 51000 | SH |  | SOLE |  | 51000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 9809505 | 26500 | SH |  | SOLE |  | 26500 | 0 | 0 |
| MOELIS  CO | CL A | 60786M105 | BBG000RNBH63 | 843600 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG000F86GP6 | 3490000 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG000BLZRJ2 | 1087479 | 6608 | SH |  | SOLE |  | 6608 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG000RTDY25 | 539010 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| NB BANCORP INC | COM | 63945M107 | BBG01KS1NK29 | 210700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 | BBG001NVJ6W4 | 2863776 | 27600 | SH |  | SOLE |  | 27600 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 | BBG000CL9VN6 | 480750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG000BQ5DS5 | 861000 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| NUCOR CORP | COM | 670346105 | BBG000BQ8KV2 | 4733447 | 27992 | SH |  | SOLE |  | 27992 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 | BBG00YG48NM6 | 108400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 31392000 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | BBG000BND699 | 295290 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| OCTAVE SPECIALTY GROUP INC | COM NEW | 023139884 | BBG004HQHKK0 | 913176 | 196382 | SH |  | SOLE |  | 196382 | 0 | 0 |
| OLD NATL BANCORP IND | COM | 680033107 | BBG000KFW1C2 | 255255 | 11550 | SH |  | SOLE |  | 11550 | 0 | 0 |
| OLIN CORP | COM PAR $1 | 680665205 | BBG000BQHTV3 | 297300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 | BBG000BQLTW7 | 500174 | 3400 | SH |  | SOLE |  | 3400 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG000N7QR55 | 1609080 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG0014GJCT9 | 1603200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PCB BANCORP | COM | 69320M109 | BBG000CWSXR3 | 449800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG000BR2B91 | 897493 | 31962 | SH |  | SOLE |  | 31962 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4N9 | 645099 | 3541 | SH |  | SOLE |  | 3541 | 0 | 0 |
| PHOENIX ED PARTNERS INC | COM | 718968100 | BBG00J59H4Z8 | 314600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72348N109 | BBG01Z7V4LL1 | 1033680 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 | BBG0079T1PZ6 | 5801035 | 41519 | SH |  | SOLE |  | 41519 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG000BRD0D8 | 2173292 | 10444 | SH |  | SOLE |  | 10444 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 | BBG000BDNB35 | 1744210 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| RENASANT CORP | COM | 75970E107 | BBG000BR40B0 | 566193 | 15671 | SH |  | SOLE |  | 15671 | 0 | 0 |
| RESMED INC | COM | 761152107 | BBG000L4M7F1 | 336720 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG000BW8S60 | 1305161 | 6766 | SH |  | SOLE |  | 6766 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG000BP1Q11 | 5813122 | 13667 | SH |  | SOLE |  | 13667 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 280005 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 | BBG000KK3464 | 402009 | 13272 | SH |  | SOLE |  | 13272 | 0 | 0 |
| SL GREEN RLTY CORP | COM | 78440X887 | BBG000BVP5P2 | 627980 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 | BBG01NK9ZXT4 | 211803 | 5315 | SH |  | SOLE |  | 5315 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 | BBG007DHGNJ4 | 829510 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| STANDARDAERO INC | COM | 85423L103 | BBG000RD8M04 | 648979 | 25125 | SH |  | SOLE |  | 25125 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 | BBG000BD8ZK0 | 337950 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| TARGET HOSPITALITY CORP | COM | 87615L107 | BBG00K7K3474 | 139200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| TFS FINL CORP | COM | 87240R107 | BBG000F7GST7 | 593753 | 42260 | SH |  | SOLE |  | 42260 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG000BVDLH9 | 1474590 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG000NDV1D4 | 4337120 | 20650 | SH |  | SOLE |  | 20650 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG000BM6788 | 1458590 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 | BBG000L8CBX4 | 231792 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MT8 | 524945 | 7298 | SH |  | SOLE |  | 7298 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG000BXMFC3 | 1092840 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG000CH5208 | 432944 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 | BBG000BCMWM1 | 641600 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 | BBG01RGY23K6 | 315200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 | BBG019Q32XJ9 | 368446 | 4167 | SH |  | SOLE |  | 4167 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 | BBG000BGKHZ3 | 372540 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| VERSANT MEDIA GROUP INC | COM CL A | 925283103 | BBG01Y0M8K11 | 277650 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8KW8 | 1252900 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| VIKING THERAPEUTICS INC | COM | 92686J106 | BBG006LGV869 | 341670 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 1208960 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 | BBG000BCWKD6 | 409920 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG000BWXBC2 | 4101240 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| WELLS FARGO  CO | COM | 949746101 | BBG000BWQFY7 | 1592200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 | BBG000Q1KFH4 | 1062750 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG000BWVCP8 | 727800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WILLIS LEASE FIN CORP | COM | 970646105 | BBG000H105D2 | 340520 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 | BBG00B8N0HG1 | 926820 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 706423 | 5976 | SH |  | SOLE |  | 5976 | 0 | 0 |

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