# EDGAR Filing Document

**Accession Number:** 0001687156
**File Stem:** 0001214659-25-011966
**Filing Date:** 2025-8
**Character Count:** 24113
**Document Hash:** b8f4735fc7808d6ca2c9153c8b55c8e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-25-011966.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001214659-25-011966

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**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:** 251210962

**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:** 06-30-2025

**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  08-13-2025<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:** 190

**Form 13F Information Table Value Total:** $611046832

      (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 | 2321280 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | BBG000BBQCY0 | 567600 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 | BBG000C060M4 | 491925 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 | BBG000DLVDK3 | 333004 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 | BBG000BJQWD2 | 1595200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALERUS FINL CORP | COM | 01446U103 | BBG000BTXSH7 | 213522 | 9867 | SH |  | SOLE |  | 9867 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | BBG006G2JVL2 | 510345 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB30 | 3547800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 27421388 | 155600 | SH |  | SOLE |  | 155600 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG000BVPV84 | 33939633 | 154700 | SH |  | SOLE |  | 154700 | 0 | 0 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 | BBG004HQHKK0 | 1394312 | 196382 | SH |  | SOLE |  | 196382 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG000BCQZS4 | 637960 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| AMERICAN INTEGRITY INS GROUP | COM | 026948109 | BBG000BN06C9 | 422970 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG000BBDZG3 | 599130 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| ANNEXON INC | COM | 03589W102 | BBG007QVDFG2 | 24000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPK6 | 891900 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 | BBG00ZNLTFK3 | 2262543 | 15948 | SH |  | SOLE |  | 15948 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 30447228 | 148400 | SH |  | SOLE |  | 148400 | 0 | 0 |
| ARCH CAP GROUP LTD | ORD | G0450A105 | BBG000HXNN20 | 1047075 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 | BBG0068KVV91 | 2511400 | 14500 | SH |  | SOLE |  | 14500 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG000K6MRN4 | 560973 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 | BBG000BKS4S3 | 583184 | 18644 | SH |  | SOLE |  | 18644 | 0 | 0 |
| BANK OF NT BUTTERFIELD L | SHS NEW | G0772R208 | BBG00DK7NM27 | 6881466 | 155408 | SH |  | SOLE |  | 155408 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG000QFJJW0 | 1009672 | 21455 | SH |  | SOLE |  | 21455 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 | BBG000DLFM21 | 66600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG000DWCFL4 | 728800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BGC GROUP INC | CL A | 088929104 | BBG01H9FTGX5 | 102300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 | BBG00Q70B3V1 | 212940 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 | BBG01PSW2WN4 | 4117257 | 3924 | SH |  | SOLE |  | 3924 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG000BH0106 | 2049246 | 13700 | SH |  | SOLE |  | 13700 | 0 | 0 |
| BLUE OWL CAPITAL INC | COM CL A | 09581B103 | BBG00XV417R8 | 768400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| BLUE RIDGE BANKSHARES INC VA | COM | 095825105 | BBG000BJ7RY1 | 75681 | 21081 | SH |  | SOLE |  | 21081 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG000DQLV23 | 231450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5S69 | 964775 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 | BBG000BWSGF4 | 2660880 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 | BBG000HW5GX3 | 15693720 | 499800 | SH |  | SOLE |  | 499800 | 0 | 0 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 | BBG000BCVMH9 | 1485995 | 18746 | SH |  | SOLE |  | 18746 | 0 | 0 |
| CAPITAL BANCORP INC MD | COM | 139737100 | BBG000G2Z909 | 386741 | 11517 | SH |  | SOLE |  | 11517 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 | BBG00RP5HYS8 | 951470 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 | BBG000C04224 | 840720 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 | BBG000VPGNR2 | 6517249 | 15942 | SH |  | SOLE |  | 15942 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG000K4ND22 | 626027 | 4372 | SH |  | SOLE |  | 4372 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG000FY4S11 | 425600 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| CME GROUP INC | COM | 12572Q105 | BBG000BHLYP4 | 275620 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG000BQQH30 | 832069 | 9272 | SH |  | SOLE |  | 9272 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 | BBG000D7JKW9 | 1813824 | 22560 | SH |  | SOLE |  | 22560 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 | BBG000C3GN47 | 1523891 | 60043 | SH |  | SOLE |  | 60043 | 0 | 0 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 | BBG00BLYKS03 | 3183188 | 6250 | SH |  | SOLE |  | 6250 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG000BGJRC8 | 978900 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| CUSTOMERS BANCORP INC | COM | 23204G100 | BBG0023XX761 | 1351020 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG000BH3JF8 | 2470238 | 12505 | SH |  | SOLE |  | 12505 | 0 | 0 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 | BBG000R7Z112 | 226326 | 4602 | SH |  | SOLE |  | 4602 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG000BBVJZ8 | 328597 | 10330 | SH |  | SOLE |  | 10330 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSYX9 | 604285 | 4398 | SH |  | SOLE |  | 4398 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG000Q5ZRM7 | 4454480 | 25552 | SH |  | SOLE |  | 25552 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 | BBG000TGLV00 | 277000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 | BBG000BNBDC2 | 701577 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| ENSTAR GROUP LIMITED | SHS | G3075P101 | BBG000NQKP71 | 840900 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG000BZ9223 | 3097899 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 | BBG000BHPL78 | 3112440 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG000MBDGM6 | 201086861 | 252790 | SH |  | SOLE |  | 252790 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 | BBG000BP30Y0 | 4050300 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| EVEREST GROUP LTD | COM | G3223R108 | BBG000C1XVK6 | 1699250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG000GZQ728 | 868545 | 8057 | SH |  | SOLE |  | 8057 | 0 | 0 |
| F ANNUITIES  LIFE INC | COMMON STOCK | 30190A104 | BBG01BGVGG87 | 392427 | 12271 | SH |  | SOLE |  | 12271 | 0 | 0 |
| FB FINL CORP | COM | 30257X104 | BBG00DM434G9 | 1693631 | 37387 | SH |  | SOLE |  | 37387 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 | BBG000BJF1Z8 | 243449 | 1071 | SH |  | SOLE |  | 1071 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 | BBG01NMRD768 | 8983276 | 41255 | SH |  | SOLE |  | 41255 | 0 | 0 |
| FERROVIAL SE | ORD SHS | N3168P101 | BBG01H0DF657 | 478687 | 8973 | SH |  | SOLE |  | 8973 | 0 | 0 |
| FIDELIS INSURANCE HOLDINGS L | COM | G3398L118 | BBG009CWCN93 | 165800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | COM SHS | 31620R303 | BBG006N7S6K9 | 1872909 | 33409 | SH |  | SOLE |  | 33409 | 0 | 0 |
| FIRST CTZNS BANCSHARES INC N | CL A | 31946M103 | BBG000BJCDS3 | 414772 | 212 | SH |  | SOLE |  | 212 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 | BBG000GHZSZ6 | 460718 | 21732 | SH |  | SOLE |  | 21732 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 | BBG00JHNJW99 | 267087 | 4766 | SH |  | SOLE |  | 4766 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 | BBG00JHNKJY8 | 2130563 | 41266 | SH |  | SOLE |  | 41266 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 | BBG000RD3CL8 | 327840 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 | BBG000BJDB15 | 216750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 | BBG019M62R45 | 6557280 | 57000 | SH |  | SOLE |  | 57000 | 0 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 | BBG0174VKJ51 | 339350 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| FTI CONSULTING INC | COM | 302941109 | BBG000K88H58 | 726750 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 | BBG000BBHXQ3 | 2681005 | 8375 | SH |  | SOLE |  | 8375 | 0 | 0 |
| GARTNER INC | COM | 366651107 | BBG000BB65D0 | 1010550 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 | BBG000BK6MB5 | 1544340 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 | BBG013G17W31 | 661438 | 1250 | SH |  | SOLE |  | 1250 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 | BBG000CKGBP2 | 221740 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| GODADDY INC | CL A | 380237107 | BBG006MDLY05 | 540180 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 | BBG000C6CFJ5 | 353875 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| GRUPO TELEVISA S A B | SPON ADR REP ORD | 40049J206 | BBG000BJDPF9 | 53935 | 24628 | SH |  | SOLE |  | 24628 | 0 | 0 |
| HANMI FINL CORP | COM NEW | 410495204 | BBG000M4M6Q0 | 493600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 | BBG011N57109 | 180770 | 26467 | SH |  | SOLE |  | 26467 | 0 | 0 |
| HESS CORP | COM | 42809H107 | BBG000BBD070 | 1108320 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| HIGHWOODS PPTYS INC | COM | 431284108 | BBG000C43744 | 310900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | BBG0058KMH30 | 1899803 | 7133 | SH |  | SOLE |  | 7133 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG000BKZB36 | 2016520 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| HOMETRUST BANCSHARES INC | COM | 437872104 | BBG002CV5W70 | 261683 | 6995 | SH |  | SOLE |  | 6995 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 | BBG000CZTB66 | 4498750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 | BBG000NS26Q8 | 303701 | 29146 | SH |  | SOLE |  | 29146 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 | BBG000CVRFS4 | 558600 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| INTEL CORP | COM | 458140100 | BBG000C0G1D1 | 257600 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 | BBG000LV0836 | 10352361 | 186832 | SH |  | SOLE |  | 186832 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 | BBG000BJPDZ1 | 271705 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 | BBG000JH6683 | 414855 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | BBG000CPLR52 | 201950 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 | BBG000BWDVW8 | 702000 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 | BBG005YHY0Q7 | 456960 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 | BBG000BNHSP9 | 820350 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG000BMHYD1 | 351936 | 2304 | SH |  | SOLE |  | 2304 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 | BBG000C2L2L0 | 255780 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG000DMBXR2 | 7000747 | 24148 | SH |  | SOLE |  | 24148 | 0 | 0 |
| KENVUE INC | COM | 49177J102 | BBG01C79X561 | 354784 | 16951 | SH |  | SOLE |  | 16951 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 | BBG000TJM7F0 | 991800 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 | BBG00D8JD9Z9 | 629070 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 | BBG000BCQ6J8 | 266060 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| KURA ONCOLOGY INC | COM | 50127T109 | BBG008974342 | 57700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| LANTHEUS HLDGS INC | COM | 516544103 | BBG006Q52RD0 | 327440 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 | BBG000BB5B84 | 1261128 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 | BBG006GNSZW5 | 1837148 | 18674 | SH |  | SOLE |  | 18674 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 | BBG01K9HZH92 | 100540 | 10044 | SH |  | SOLE |  | 10044 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 | BBG01K9KJ3B1 | 250739 | 24320 | SH |  | SOLE |  | 24320 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 | BBG000FQ7YR4 | 302560 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG000BNDN65 | 820919 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 | BBG000BGD7W6 | 273210 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | BBG000BGYMH7 | 2470320 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 14610440 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 | BBG000DYGNW7 | 732780 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 | BBG000BHP8J4 | 126525 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 9447552 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 | BBG001KHD495 | 2205000 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG000C5Z1S3 | 5977625 | 48500 | SH |  | SOLE |  | 48500 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 12932660 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| MOELIS  CO | CL A | 60786M105 | BBG000RNBH63 | 922336 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG000F86GP6 | 4012720 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG000BLZRJ2 | 930803 | 6608 | SH |  | SOLE |  | 6608 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG000RTDY25 | 576740 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| NEBIUS GROUP N.V. | SHS CLASS A | N97284108 | BBG001NVJ6W4 | 1521575 | 27500 | SH |  | SOLE |  | 27500 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 | BBG000CL9VN6 | 669565 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG000BQ5DS5 | 767910 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| NUCOR CORP | COM | 670346105 | BBG000BQ8KV2 | 3626084 | 27992 | SH |  | SOLE |  | 27992 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 28438200 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | BBG000BND699 | 327735 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG000BQQ2S6 | 357085 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| OLD NATL BANCORP IND | COM | 680033107 | BBG000KFW1C2 | 422084 | 19779 | SH |  | SOLE |  | 19779 | 0 | 0 |
| OLIN CORP | COM PAR $1 | 680665205 | BBG000BQHTV3 | 200900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PACIFIC PREMIER BANCORP | COM | 69478X105 | BBG000BNS256 | 233719 | 11082 | SH |  | SOLE |  | 11082 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 | BBG000N7QR55 | 1499520 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 | BBG0014GJCT9 | 2558000 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| PCB BANCORP | COM | 69320M109 | BBG000CWSXR3 | 419600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 | BBG000CDZLV8 | 214440 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG000BR2B91 | 774759 | 31962 | SH |  | SOLE |  | 31962 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4N9 | 422441 | 3541 | SH |  | SOLE |  | 3541 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 | BBG000C1XKF6 | 1324920 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 | BBG0079T1PZ6 | 6851050 | 41519 | SH |  | SOLE |  | 41519 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG000BRD0D8 | 1946970 | 10444 | SH |  | SOLE |  | 10444 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 | BBG000BDNB35 | 1432730 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| RBB BANCORP | COM | 74930B105 | BBG002537TC9 | 172100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| RENASANT CORP | COM | 75970E107 | BBG000BR40B0 | 563059 | 15671 | SH |  | SOLE |  | 15671 | 0 | 0 |
| RESMED INC | COM | 761152107 | BBG000L4M7F1 | 387000 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG000BW8S60 | 987971 | 6766 | SH |  | SOLE |  | 6766 | 0 | 0 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 | BBG011K4W134 | 203970 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG000BP1Q11 | 7206472 | 13667 | SH |  | SOLE |  | 13667 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 | BBG000BN2DC2 | 409035 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 | BBG000KK3464 | 366573 | 13272 | SH |  | SOLE |  | 13272 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 | BBG01NK9ZXT4 | 229342 | 5315 | SH |  | SOLE |  | 5315 | 0 | 0 |
| SNOWFLAKE INC | CL A | 833445109 | BBG007DHGNJ4 | 1118850 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| STANDARDAERO INC | COM | 85423L103 | BBG000RD8M04 | 795206 | 25125 | SH |  | SOLE |  | 25125 | 0 | 0 |
| SUNRISE COMMUNICATIONS AG | ADS CL A | 867975104 | BBG01QMB3DM6 | 388612 | 6872 | SH |  | SOLE |  | 6872 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG000BD8ZK0 | 226490 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| TARGET HOSPITALITY CORP | COM | 87615L107 | BBG00K7K3474 | 106800 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| TFS FINL CORP | COM | 87240R107 | BBG000F7GST7 | 547267 | 42260 | SH |  | SOLE |  | 42260 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 | BBG000BVDLH9 | 1216380 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG000NDV1D4 | 4920069 | 20650 | SH |  | SOLE |  | 20650 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG000BM6788 | 1530935 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MT8 | 680903 | 7298 | SH |  | SOLE |  | 7298 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 | BBG000L9CV04 | 201880 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG000BXMFC3 | 1130100 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG000CH5208 | 499152 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 | BBG000BCMWM1 | 785650 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 | BBG01RGY23K6 | 428450 | 27500 | SH |  | SOLE |  | 27500 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 | BBG019Q32XJ9 | 420659 | 4167 | SH |  | SOLE |  | 4167 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 | BBG000BGKHZ3 | 433200 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 | BBG00L2B8KW8 | 642050 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| VIKING THERAPEUTICS INC | COM | 92686J106 | BBG006LGV869 | 278250 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 1420200 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 | BBG000BCWKD6 | 426000 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG000BWXBC2 | 3226740 | 33000 | SH |  | SOLE |  | 33000 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG000BWQFY7 | 1602400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 | BBG000Q1KFH4 | 701820 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG000BWVCP8 | 628100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 | BBG00B8N0HG1 | 849490 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 931957 | 5976 | SH |  | SOLE |  | 5976 | 0 | 0 |

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