# EDGAR Filing Document

**Accession Number:** 0001532943
**File Stem:** 0001214659-26-006264
**Filing Date:** 2026-5
**Character Count:** 20901
**Document Hash:** c555f453b20a29bcaa02d3b5f47f500e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-26-006264.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001214659-26-006264

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Palogic Value Management, L.P.
- **CENTRAL INDEX KEY:** 0001532943

**ORGANIZATION NAME:**
- **EIN:** 205611076
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22961
- **FILM NUMBER:** 26982469

**BUSINESS ADDRESS:**
- **STREET 1:** 8333 DOUGLAS AVE
- **STREET 2:** SUITE 775
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75225
- **BUSINESS PHONE:** (214) 871-2700

**MAIL ADDRESS:**
- **STREET 1:** 8333 DOUGLAS AVE
- **STREET 2:** SUITE 775
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75225

### 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:** Palogic Value Management L.P.<br>**Address:** 8333 DOUGLAS AVE<br>SUITE 775<br>DALLAS, TX 75225

**Form 13F File Number:** 028-22961

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:** Richard Sproll<br>**Title:** Associate Compliance<br>**Phone:** 214-393-2982

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

Richard Sproll  Dallas, TX  05-15-2026<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:** 176

**Form 13F Information Table Value Total:** $236755568

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 4024652 | 18505 | SH |  | SOLE |  | 0 | 0 | 18505 |
| ACTUATE THERAPEUTICS INC | COM | 005083100 |  | 274000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 369725 | 1521 | SH |  | SOLE |  | 0 | 0 | 1521 |
| ALIGHT INC | COM CL A | 01626W101 |  | 233080 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 9532071 | 33229 | SH |  | SOLE |  | 0 | 0 | 33229 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 754845 | 2625 | SH |  | SOLE |  | 0 | 0 | 2625 |
| AMAZON COM INC | COM | 023135106 |  | 3753234 | 18021 | SH |  | SOLE |  | 0 | 0 | 18021 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 758015 | 2506 | SH |  | SOLE |  | 0 | 0 | 2506 |
| AMGEN INC | COM | 031162100 |  | 2734930 | 7773 | SH |  | SOLE |  | 0 | 0 | 7773 |
| AMPLITUDE INC | COM CL A | 03213A104 |  | 443300 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 11531456 | 45437 | SH |  | SOLE |  | 0 | 0 | 45437 |
| ARBOR REALTY TRUST INC | COM | 038923108 |  | 651056 | 84443 | SH |  | SOLE |  | 0 | 0 | 84443 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 1994273 | 110670 | SH |  | SOLE |  | 0 | 0 | 110670 |
| ASPEN AEROGELS INC | COM | 04523Y105 |  | 1539000 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| ATLAS ENERGY SOLUTIONS INC | COM NEW | 642045108 |  | 935456 | 71300 | SH |  | SOLE |  | 71300 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 341250 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 682500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 733115 | 4488 | SH |  | SOLE |  | 0 | 0 | 4488 |
| BANDWIDTH INC | COM CL A | 05988J103 |  | 3296736 | 185002 | SH |  | SOLE |  | 185002 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 2446373 | 50182 | SH |  | SOLE |  | 0 | 0 | 50182 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 |  | 1720875 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| BHP BILLITON LIMITED | SPONSORED ADS | 088606108 |  | 6260877 | 86072 | SH |  | SOLE |  | 0 | 0 | 86072 |
| BILL HOLDINGS INC | COM | 090043100 |  | 651100 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| BLACKROCK CR ALLOCATION | COM | 092508100 |  | 296597 | 29366 | SH |  | SOLE |  | 0 | 0 | 29366 |
| BLACKROCK ENHANCED EQUITY DI | COM | 09251A104 |  | 491340 | 57000 | SH |  | SOLE |  | 0 | 0 | 57000 |
| BLACKROCK MUNIASSETS FD INC | COM | 09254J102 |  | 281483 | 26530 | SH |  | SOLE |  | 0 | 0 | 26530 |
| BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 |  | 850591 | 75497 | SH |  | SOLE |  | 0 | 0 | 75497 |
| BLACKROCK MUNIYILD QULT FD I | COM | 09254F100 |  | 109800 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| BLACKROCK TAX MUNICPAL BD TR | SHS | 09248X100 |  | 169785 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 1699093 | 153625 | SH |  | SOLE |  | 0 | 0 | 153625 |
| BLUE OWL TECHNOLOGY FIN CORP | COMMON STOCK | 095924106 |  | 654217 | 52802 | SH |  | SOLE |  | 0 | 0 | 52802 |
| BNY MELLON MUN BD INFRASTRUC | COM SHS | 09662W109 |  | 424235 | 40250 | SH |  | SOLE |  | 0 | 0 | 40250 |
| BNY MELLON STRATEGIC MUN BD | COM | 09662E109 |  | 429132 | 72032 | SH |  | SOLE |  | 0 | 0 | 72032 |
| BP PLC | SPONSORED ADR | 055622104 |  | 402226 | 8558 | SH |  | SOLE |  | 0 | 0 | 8558 |
| BRAEMAR HOTELS  RESORTS INC | 5.5 CUM CV PFD B | 10482B200 |  | 1074026 | 73867 | SH |  | SOLE |  | 0 | 0 | 73867 |
| BRAZE INC | COM CL A | 10576N102 |  | 637470 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 9149116 | 29560 | SH |  | SOLE |  | 0 | 0 | 29560 |
| BROADSTONE NET LEASE INC | COM | 11135E203 |  | 1093533 | 59854 | SH |  | SOLE |  | 0 | 0 | 59854 |
| BRUNSWICK CORP | COM | 117043109 |  | 1761520 | 24210 | SH |  | SOLE |  | 19000 | 0 | 5210 |
| BXP INC | COM | 101121101 |  | 669873 | 12907 | SH |  | SOLE |  | 0 | 0 | 12907 |
| CALAMOS CONV OPPORTUNITIES | SH BEN INT | 128117108 |  | 128880 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| CALAMOS GBL DYN INCOME FUND | COM | 12811L107 |  | 79860 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| CALAMOS STRATEGIC TOTAL RETU | COM SH BEN INT | 128125101 |  | 664256 | 38800 | SH |  | SOLE |  | 0 | 0 | 38800 |
| CANNAE HLDGS INC | COM | 13765N107 |  | 1041253 | 91579 | SH |  | SOLE |  | 91579 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 946503 | 1336 | SH |  | SOLE |  | 0 | 0 | 1336 |
| CAVA GROUP INC | COM | 148929102 |  | 404500 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 917247 | 28655 | SH |  | SOLE |  | 0 | 0 | 28655 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 715575 | 7500 | SH | Call | SOLE |  | 7500 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1604018 | 20673 | SH |  | SOLE |  | 0 | 0 | 20673 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 523830 | 3000 | SH | Call | SOLE |  | 3000 | 0 | 0 |
| COLUMBUS MCKINNON CORP N Y | COM | 199333105 |  | 1089750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| COMMVAULT SYS INC | COM | 204166102 |  | 584175 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| COPART INC | COM | 217204106 |  | 265600 | 8000 | SH |  | SOLE |  | 0 | 0 | 8000 |
| CORPAY INC | COM SHS | 219948106 |  | 256362 | 881 | SH |  | SOLE |  | 0 | 0 | 881 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 556008 | 558 | SH |  | SOLE |  | 0 | 0 | 558 |
| D R HORTON INC | COM | 23331A109 |  | 1150041 | 8381 | SH |  | SOLE |  | 0 | 0 | 8381 |
| DISNEY WALT CO | COM | 254687106 |  | 1008328 | 10462 | SH |  | SOLE |  | 0 | 0 | 10462 |
| DOCUSIGN INC | COM | 256163106 |  | 325849 | 6873 | SH |  | SOLE |  | 0 | 0 | 6873 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 345705 | 5756 | SH |  | SOLE |  | 0 | 0 | 5756 |
| DOMO INC | COM CL B | 257554105 |  | 593640 | 194000 | SH |  | SOLE |  | 194000 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 725015 | 5537 | SH |  | SOLE |  | 0 | 0 | 5537 |
| EATON VANCE TX ADV GLBL DIV | COM | 27828S101 |  | 472820 | 23500 | SH |  | SOLE |  | 0 | 0 | 23500 |
| EOG RES INC | COM | 26875P101 |  | 820435 | 5675 | SH |  | SOLE |  | 0 | 0 | 5675 |
| EQT CORP | COM | 26884L109 |  | 621445 | 9765 | SH |  | SOLE |  | 6000 | 0 | 3765 |
| EQUIFAX INC | COM | 294429105 |  | 272986 | 1516 | SH |  | SOLE |  | 0 | 0 | 1516 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 1659250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| EXPENSIFY INC | COM CL A | 30219Q106 |  | 2194380 | 2522566 | SH |  | SOLE |  | 2522566 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 7874939 | 46416 | SH |  | SOLE |  | 0 | 0 | 46416 |
| FEDEX CORP | COM | 31428X106 |  | 1239150 | 3479 | SH |  | SOLE |  | 0 | 0 | 3479 |
| FERMI INC | COM | 314911108 |  | 233600 | 40000 | SH | Call | SOLE |  | 40000 | 0 | 0 |
| FIDELITY NATL FINL INC | COM SHS | 31620R303 |  | 1116274 | 24068 | SH |  | SOLE |  | 0 | 0 | 24068 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 242853 | 5177 | SH |  | SOLE |  | 0 | 0 | 5177 |
| FIDUS INVT CORP | COM | 316500107 |  | 1269361 | 72868 | SH |  | SOLE |  | 0 | 0 | 72868 |
| FIRST SOLAR INC | COM | 336433107 |  | 851966 | 4319 | SH |  | SOLE |  | 0 | 0 | 4319 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 337345102 |  | 275806 | 1277 | SH |  | SOLE |  | 0 | 0 | 1277 |
| FLAHERTY  CRUMRINE DYNAMIC | SHS | 33848W106 |  | 411435 | 20500 | SH |  | SOLE |  | 0 | 0 | 20500 |
| FLYWIRE CORPORATION | COM VTG | 302492103 |  | 2910000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 1460448 | 24846 | SH |  | SOLE |  | 0 | 0 | 24846 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 2490100 | 37000 | SH | Call | SOLE |  | 37000 | 0 | 0 |
| GRAFTECH INTL LTD SR NT | COM NEW | 384313607 |  | 220350 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| GRANITE PT MTG TR INC | COM STK | 38741L107 |  | 27550 | 19000 | SH |  | SOLE |  | 0 | 0 | 19000 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 236620 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| HEALTH CATALYST INC | COM | 42225T107 |  | 3678682 | 2896600 | SH |  | SOLE |  | 2896600 | 0 | 0 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 513745 | 34783 | SH |  | SOLE |  | 0 | 0 | 34783 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1132862 | 5012 | SH |  | SOLE |  | 0 | 0 | 5012 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 792673 | 50650 | SH |  | SOLE |  | 0 | 0 | 50650 |
| INTAPP INC | COM | 45827U109 |  | 642250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 4584152 | 57680 | SH |  | SOLE |  | 0 | 0 | 57680 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1524884 | 50293 | SH |  | SOLE |  | 0 | 0 | 50293 |
| ISHARES TR | CMBS ETF | 46429B366 |  | 1335073 | 27382 | SH |  | SOLE |  | 0 | 0 | 27382 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 1077088 | 19400 | SH |  | SOLE |  | 0 | 0 | 19400 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 575412 | 2354 | SH |  | SOLE |  | 0 | 0 | 2354 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1904392 | 6474 | SH |  | SOLE |  | 0 | 0 | 6474 |
| KIMCO REALTY CORP | COM | 49446R109 |  | 1211942 | 53936 | SH |  | SOLE |  | 0 | 0 | 53936 |
| KRAFT HEINZ CO | COM | 500754106 |  | 588001 | 26145 | SH |  | SOLE |  | 0 | 0 | 26145 |
| LADDER CAP CORP | CL A | 505743104 |  | 1402337 | 143535 | SH |  | SOLE |  | 0 | 0 | 143535 |
| LAS VEGAS SANDS CORP | COM | 517834107 |  | 269400 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| LIGHTSPEED COMMERCE INC | SUB VTG SHS | 53229C107 |  | 1612800 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| LIVEPERSON INC | NOTE        12/1 | 538146AD3 |  | 2632500 | 3900000 | PRN |  | SOLE |  | 3900000 | 0 | 0 |
| MARQETA INC | CLASS A COM | 57142B104 |  | 1632000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 394232 | 789 | SH |  | SOLE |  | 0 | 0 | 789 |
| MEDICAL PROPERTIES TRUST INC | COM | 58463J304 |  | 277800 | 60000 | SH | Call | SOLE |  | 60000 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 528675 | 4395 | SH |  | SOLE |  | 0 | 0 | 4395 |
| MICROSOFT CORP | COM | 594918104 |  | 5789829 | 15641 | SH |  | SOLE |  | 0 | 0 | 15641 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 710232 | 16494 | SH |  | SOLE |  | 0 | 0 | 16494 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 691100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| NCR VOYIX CORPORATION | COM | 62886E108 |  | 1740750 | 275000 | SH |  | SOLE |  | 275000 | 0 | 0 |
| NEOS ETF TRUST | NASDAQ 100 HIGH | 78433H675 |  | 239506 | 4820 | SH |  | SOLE |  | 0 | 0 | 4820 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 258300 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 |  | 3498416 | 283732 | SH |  | SOLE |  | 0 | 0 | 283732 |
| NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 |  | 4239976 | 377558 | SH |  | SOLE |  | 0 | 0 | 377558 |
| NUVEEN MUN CR INCOME FD | COM SH BEN INT | 67070X101 |  | 508028 | 41710 | SH |  | SOLE |  | 0 | 0 | 41710 |
| NUVEEN MUN HIGH INCOME OPPOR | COM | 670682103 |  | 1383135 | 133250 | SH |  | SOLE |  | 0 | 0 | 133250 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 758253 | 100564 | SH |  | SOLE |  | 0 | 0 | 100564 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 3452371 | 300411 | SH |  | SOLE |  | 0 | 0 | 300411 |
| NUVEEN S 500 DYNAMIC OVERW | COM | 6706EW100 |  | 288366 | 17944 | SH |  | SOLE |  | 0 | 0 | 17944 |
| NUVEEN TAXABLE MUNICPAL INM | COM | 67074C103 |  | 313200 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| NVENT ELEC PLC | SHS | G6700G107 |  | 251345 | 2125 | SH |  | SOLE |  | 0 | 0 | 2125 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 231952 | 1330 | SH |  | SOLE |  | 0 | 0 | 1330 |
| ONEOK INC NEW | COM | 682680103 |  | 1062083 | 11750 | SH |  | SOLE |  | 0 | 0 | 11750 |
| OPEN LENDING CORP | COM | 68373J104 |  | 5679515 | 4543612 | SH |  | SOLE |  | 4543612 | 0 | 0 |
| OPUS GENETICS INC | COM | 67577R102 |  | 295750 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 367775 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| PAGERDUTY INC | COM | 69553P100 |  | 1148850 | 185000 | SH |  | SOLE |  | 185000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1202400 | 7500 | SH | Call | SOLE |  | 7500 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1107811 | 6910 | SH |  | SOLE |  | 0 | 0 | 6910 |
| PAR TECHNOLOGY CORP | COM | 698884103 |  | 1066400 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1413709 | 31256 | SH |  | SOLE |  | 0 | 0 | 31256 |
| PEBBLEBROOK HOTEL TR | COM | 70509V100 |  | 3474513 | 275100 | SH |  | SOLE |  | 275100 | 0 | 0 |
| PENNYMAC FINL SVCS INC NEW | COM | 70932M107 |  | 655500 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| PHREESIA INC | COM | 71944F106 |  | 1089400 | 130000 | SH |  | SOLE |  | 130000 | 0 | 0 |
| PIMCO DYNAMIC INCOME OPRNTS | COM BEN SHS | 69355M107 |  | 1166079 | 90184 | SH |  | SOLE |  | 0 | 0 | 90184 |
| PIMCO MUN INCOME FD II | COM | 72200W106 |  | 86298 | 11400 | SH |  | SOLE |  | 0 | 0 | 11400 |
| PROCORE TECHNOLOGIES INC | COM | 74275K108 |  | 285000 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 1715369 | 11876 | SH |  | SOLE |  | 0 | 0 | 11876 |
| PROLOGIS INC. | COM | 74340W103 |  | 362966 | 2746 | SH |  | SOLE |  | 0 | 0 | 2746 |
| RAPID7 INC | COM | 753422104 |  | 578550 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| REGENXBIO INC | COM | 75901B107 |  | 251400 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 391800 | 15000 | SH |  | SOLE |  | 0 | 0 | 15000 |
| REIN THERAPEUTICS INC | COM NEW | 00887A204 |  | 234000 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 427548 | 45100 | SH |  | SOLE |  | 0 | 0 | 45100 |
| SAP SE | SPON ADR | 803054204 |  | 1054482 | 6159 | SH |  | SOLE |  | 0 | 0 | 6159 |
| SARATOGA INVT CORP | COM NEW | 80349A208 |  | 1020892 | 46680 | SH |  | SOLE |  | 0 | 0 | 46680 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 316302 | 2380 | SH |  | SOLE |  | 0 | 0 | 2380 |
| SERVICENOW INC | COM | 81762P102 |  | 1045500 | 10000 | SH | Call | SOLE |  | 10000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 337801 | 3231 | SH |  | SOLE |  | 0 | 0 | 3231 |
| SHELL PLC | SPON ADS | 780259305 |  | 3870474 | 41618 | SH |  | SOLE |  | 0 | 0 | 41618 |
| SIMILARWEB LTD | SHS | M84137104 |  | 297540 | 114000 | SH |  | SOLE |  | 114000 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 1965102 | 38239 | SH |  | SOLE |  | 0 | 0 | 38239 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 603280 | 4000 | SH | Call | SOLE |  | 4000 | 0 | 0 |
| SOUTHLAND HLDGS INC | COM | 84445C100 |  | 1227284 | 681861 | SH |  | SOLE |  | 0 | 0 | 681861 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 5166572 | 56379 | SH |  | SOLE |  | 50000 | 0 | 6379 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 290946 | 600 | SH |  | SOLE |  | 0 | 0 | 600 |
| SPS COMM INC | COM | 78463M107 |  | 835050 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SSGA ACTIVE ETF TR | STATE STREET BLA | 78467V608 |  | 6675769 | 166381 | SH |  | SOLE |  | 0 | 0 | 166381 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 796563 | 46258 | SH |  | SOLE |  | 0 | 0 | 46258 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 1206381 | 1855 | SH |  | SOLE |  | 0 | 0 | 1855 |
| STRYKER CORPORATION | COM | 863667101 |  | 413695 | 1259 | SH |  | SOLE |  | 0 | 0 | 1259 |
| TEXAS CAP BANCSHARES INC | COM | 88224Q107 |  | 569280 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 999821 | 5150 | SH |  | SOLE |  | 0 | 0 | 5150 |
| TRIPADVISOR INC | COM | 896945201 |  | 1758900 | 165000 | SH |  | SOLE |  | 165000 | 0 | 0 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 319441 | 933 | SH |  | SOLE |  | 0 | 0 | 933 |
| UNION PAC CORP | COM | 907818108 |  | 908855 | 3746 | SH |  | SOLE |  | 0 | 0 | 3746 |
| UNIQURE NV | SHS | N90064101 |  | 327000 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | LG-TERM COR BD | 92206C813 |  | 2662854 | 35691 | SH |  | SOLE |  | 0 | 0 | 35691 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 231305 | 1219 | SH |  | SOLE |  | 0 | 0 | 1219 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 918007 | 18287 | SH |  | SOLE |  | 0 | 0 | 18287 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 1714800 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| VERTEX INC | CL A | 92538J106 |  | 1189000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| VIA TRANSN INC | COM CL A | 92556W104 |  | 750000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 1199348 | 43900 | SH |  | SOLE |  | 0 | 0 | 43900 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 1019871 | 21704 | SH |  | SOLE |  | 0 | 0 | 21704 |
| VISA INC | COM CL A | 92826C839 |  | 730514 | 2417 | SH |  | SOLE |  | 0 | 0 | 2417 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 |  | 354250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| XERIS BIOPHARMA HOLDINGS INC | COM | 98422E103 |  | 290000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ZEBRA TECHNOLOGIES CORPORATI | CL A | 989207105 |  | 276195 | 1321 | SH |  | SOLE |  | 0 | 0 | 1321 |

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