# EDGAR Filing Document

**Accession Number:** 0001595521
**File Stem:** 0001595521-26-000006
**Filing Date:** 2026-5
**Character Count:** 20996
**Document Hash:** b82455f586f64ac7c70c80a2d5903674
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001595521-26-000006.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001595521-26-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aristides Capital LLC
- **CENTRAL INDEX KEY:** 0001595521

**ORGANIZATION NAME:**
- **EIN:** 262056777
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 21380073BP4RXI68KO65

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19976
- **FILM NUMBER:** 26977991

**BUSINESS ADDRESS:**
- **STREET 1:** 552 E MARKET ST
- **STREET 2:** STE 200
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40202
- **BUSINESS PHONE:** 502-694-8001

**MAIL ADDRESS:**
- **STREET 1:** 552 E MARKET ST
- **STREET 2:** STE 200
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40202

### 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:** Aristides Capital LLC<br>**Address:** 552 E MARKET ST<br>STE 200<br>LOUISVILLE, KY 40202

**Form 13F File Number:** 028-19976

**CRD Number (if applicable):** 000162368

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:** Daniel Nall<br>**Title:** Principal<br>**Phone:** 5026948001

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

Daniel Nall  Louisville, KY  05-14-2026<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:** 171

**Form 13F Information Table Value Total:** $461920549

      (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 |
| ALLIANCEBERNSTEIN HLDG L P | UNIT LTD PARTN | 01881G106 |  | 1827297 | 48806 | SH |  | SOLE | NONE | 48806 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 2585078 | 20471 | SH |  | SOLE | NONE | 20471 | 0 | 0 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 3547939 | 86514 | SH |  | SOLE | NONE | 86514 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 6005808 | 30288 | SH |  | SOLE | NONE | 30288 | 0 | 0 |
| ALPHA COGNITION INC | COM NEW | 02074J501 |  | 1199620 | 218510 | SH |  | SOLE | NONE | 218510 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 203709 | 31006 | SH |  | SOLE | NONE | 31006 | 0 | 0 |
| FEDERAL AGRIC MTG CORP | CL A | 313148108 |  | 1681589 | 14131 | SH |  | SOLE | NONE | 14131 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 3243709 | 28243 | SH |  | SOLE | NONE | 28243 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 2076035 | 9968 | SH |  | SOLE | NONE | 9968 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 229040 | 1173 | SH |  | SOLE | NONE | 1173 | 0 | 0 |
| ABERCROMBIE  FITCH CO | CL A | 002896207 |  | 1005070 | 11000 | SH |  | SOLE | NONE | 11000 | 0 | 0 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 789100 | 5000 | SH |  | SOLE | NONE | 5000 | 0 | 0 |
| ARK 21SHARES BITCOIN ETF | SHS BEN INT | 040919102 |  | 1638554 | 72857 | SH |  | SOLE | NONE | 72857 | 0 | 0 |
| ATMUS FILTRATION TECHNOLOGIE | COM | 04956D107 |  | 211241 | 3721 | SH |  | SOLE | NONE | 3721 | 0 | 0 |
| AVIAT NETWORKS INC | COM NEW | 05366Y201 |  | 2593164 | 114691 | SH |  | SOLE | NONE | 114691 | 0 | 0 |
| AWARE INC MASS | COM | 05453N100 |  | 89955 | 71964 | SH |  | SOLE | NONE | 71964 | 0 | 0 |
| CONCRETE PUMPING HLDGS INC | COM | 206704108 |  | 1345697 | 188473 | SH |  | SOLE | NONE | 188473 | 0 | 0 |
| BIRCHTECH CORP | COM SHS | 59833H200 |  | 807500 | 425000 | SH |  | SOLE | NONE | 425000 | 0 | 0 |
| BALCHEM CORP | COM | 057665200 |  | 244221 | 1441 | SH |  | SOLE | NONE | 1441 | 0 | 0 |
| BROWN FORMAN CORP | CL A | 115637100 |  | 1087942 | 40610 | SH |  | SOLE | NONE | 40610 | 0 | 0 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 298543 | 3635 | SH |  | SOLE | NONE | 3635 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 6243912 | 37075 | SH |  | SOLE | NONE | 37075 | 0 | 0 |
| BK TECHNOLOGIES CORPORATION | COM NEW | 05587G203 |  | 1786045 | 23932 | SH |  | SOLE | NONE | 23932 | 0 | 0 |
| BLACKBAUD INC | COM | 09227Q100 |  | 1860461 | 48186 | SH |  | SOLE | NONE | 48186 | 0 | 0 |
| BIONTECH SE | SPONSORED ADS | 09075V102 |  | 888800 | 10000 | SH |  | SOLE | NONE | 10000 | 0 | 0 |
| PIMCO ETF TR | ACTIVE BD ETF | 72201R775 |  | 947531 | 10268 | SH |  | SOLE | NONE | 10268 | 0 | 0 |
| BRADY CORP | CL A | 104674106 |  | 205131 | 2525 | SH |  | SOLE | NONE | 2525 | 0 | 0 |
| BLACK STONE MINERALS L P | COM UNIT | 09225M101 |  | 640030 | 42330 | SH |  | SOLE | NONE | 42330 | 0 | 0 |
| BROADWIND INC | COM NEW | 11161T207 |  | 301454 | 144930 | SH |  | SOLE | NONE | 144930 | 0 | 0 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 2050217 | 10026 | SH |  | SOLE | NONE | 10026 | 0 | 0 |
| BOYD GAMING CORP | COM | 103304101 |  | 240377 | 2925 | SH |  | SOLE | NONE | 2925 | 0 | 0 |
| CARGURUS INC | COM CL A | 141788109 |  | 269676 | 7920 | SH |  | SOLE | NONE | 7920 | 0 | 0 |
| CATO CORP NEW | CL A | 149205106 |  | 127715 | 45129 | SH |  | SOLE | NONE | 45129 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 2865023 | 26379 | SH |  | SOLE | NONE | 26379 | 0 | 0 |
| CENTRAL GARDEN  PET CO | CL A NON-VTG | 153527205 |  | 233067 | 7189 | SH |  | SOLE | NONE | 7189 | 0 | 0 |
| COGNEX CORP | COM | 192422103 |  | 207228 | 4230 | SH |  | SOLE | NONE | 4230 | 0 | 0 |
| PC CONNECTION INC | COM | 69318J100 |  | 219985 | 3763 | SH |  | SOLE | NONE | 3763 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 2206777 | 9264 | SH |  | SOLE | NONE | 9264 | 0 | 0 |
| CRA INTL INC | COM | 12618T105 |  | 211415 | 1306 | SH |  | SOLE | NONE | 1306 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 6425208 | 92823 | SH |  | SOLE | NONE | 92823 | 0 | 0 |
| CARTERS INC | COM | 146229109 |  | 5862816 | 163949 | SH |  | SOLE | NONE | 163949 | 0 | 0 |
| CERAGON NETWORKS LTD | ORD | M22013102 |  | 352000 | 162963 | SH |  | SOLE | NONE | 162963 | 0 | 0 |
| CAVCO INDS INC DEL | COM | 149568107 |  | 536593 | 1108 | SH |  | SOLE | NONE | 1108 | 0 | 0 |
| COVISTA INC | COM | 00737L103 |  | 291352 | 2528 | SH |  | SOLE | NONE | 2528 | 0 | 0 |
| CYCURION INC | *W EXP 02/13/203 | 95758L115 |  | 2090 | 100000 | SH |  | SOLE | NONE | 100000 | 0 | 0 |
| DANAOS CORPORATION | SHS | Y1968P121 |  | 256594 | 2278 | SH |  | SOLE | NONE | 2278 | 0 | 0 |
| DELTA AIR LINES INC | COM NEW | 247361702 |  | 9534429 | 143418 | SH |  | SOLE | NONE | 143418 | 0 | 0 |
| DOUBLEDOWN INTERACTIVE CO LT | ADS | 25862B109 |  | 333699 | 39491 | SH |  | SOLE | NONE | 39491 | 0 | 0 |
| DORMAN PRODS INC | COM | 258278100 |  | 259856 | 2490 | SH |  | SOLE | NONE | 2490 | 0 | 0 |
| AMDOCS LTD | SHS | G02602103 |  | 218490 | 3348 | SH |  | SOLE | NONE | 3348 | 0 | 0 |
| DAXOR CORP | COM | 239467103 |  | 403162 | 41692 | SH |  | SOLE | NONE | 41692 | 0 | 0 |
| ELECTROMED INC | COM | 285409108 |  | 780302 | 33332 | SH |  | SOLE | NONE | 33332 | 0 | 0 |
| ENERSYS | COM | 29275Y102 |  | 233480 | 1344 | SH |  | SOLE | NONE | 1344 | 0 | 0 |
| ENERPAC TOOL GROUP CORP | CL A COM | 292765104 |  | 219258 | 6012 | SH |  | SOLE | NONE | 6012 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 2726401 | 42841 | SH |  | SOLE | NONE | 42841 | 0 | 0 |
| ENERGY RECOVERY INC | COM | 29270J100 |  | 146780 | 14576 | SH |  | SOLE | NONE | 14576 | 0 | 0 |
| ENERGY SERVICES OF AMER CORP | COM | 29271Q103 |  | 579282 | 44119 | SH |  | SOLE | NONE | 44119 | 0 | 0 |
| GRAYSCALE ETHEREUM STAKING E | SHS | 389638107 |  | 867156 | 50800 | SH |  | SOLE | NONE | 50800 | 0 | 0 |
| ETON PHARMACEUTICALS INC | COM | 29772L108 |  | 4591492 | 186041 | SH |  | SOLE | NONE | 186041 | 0 | 0 |
| EVI INDS INC | COM | 26929N102 |  | 861726 | 41872 | SH |  | SOLE | NONE | 41872 | 0 | 0 |
| EVERTEC INC | COM | 30040P103 |  | 5253435 | 186160 | SH |  | SOLE | NONE | 186160 | 0 | 0 |
| EAGLE MATLS INC | COM | 26969P108 |  | 1253022 | 6614 | SH |  | SOLE | NONE | 6614 | 0 | 0 |
| 5E ADVANCED MATERIALS INC | COM NEW | 33830Q208 |  | 764789 | 546278 | SH |  | SOLE | NONE | 546278 | 0 | 0 |
| FRANKLIN ELEC INC | COM | 353514102 |  | 201760 | 2189 | SH |  | SOLE | NONE | 2189 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 1019249 | 4461 | SH |  | SOLE | NONE | 4461 | 0 | 0 |
| FLUENCE ENERGY INC | NOTE   2.250% 6/1 | 34379VAB9 |  | 1011520 | 1000000 | PRN |  | SOLE | NONE | 1000000 | 0 | 0 |
| FS BANCORP INC | COM | 30263Y104 |  | 1328924 | 34437 | SH |  | SOLE | NONE | 34437 | 0 | 0 |
| FRONTDOOR INC | COM | 35905A109 |  | 224972 | 4256 | SH |  | SOLE | NONE | 4256 | 0 | 0 |
| FATHOM HOLDINGS INC | COM | 31189V109 |  | 28764 | 54261 | SH |  | SOLE | NONE | 54261 | 0 | 0 |
| FLOTEK INDUSTRIES INC | COM NEW | 343389409 |  | 212787 | 12539 | SH |  | SOLE | NONE | 12539 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S A | 531229771 |  | 671098 | 8595 | SH |  | SOLE | NONE | 8595 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 1386147 | 37212 | SH |  | SOLE | NONE | 37212 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 452962 | 5351 | SH |  | SOLE | NONE | 5351 | 0 | 0 |
| GENASYS INC | COM | 36872P103 |  | 223232 | 122655 | SH |  | SOLE | NONE | 122655 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 13204180 | 45918 | SH |  | SOLE | NONE | 45918 | 0 | 0 |
| GOLD ROYALTY CORP | *W EXP 05/31/202 | 38071H122 |  | 88782 | 53807 | SH |  | SOLE | NONE | 53807 | 0 | 0 |
| HAFNIA LTD | SHS | Y2990R101 |  | 287903 | 37882 | SH |  | SOLE | NONE | 37882 | 0 | 0 |
| HACKETT GROUP INC | COM | 404609109 |  | 2566678 | 197285 | SH |  | SOLE | NONE | 197285 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 3525701 | 10720 | SH |  | SOLE | NONE | 10720 | 0 | 0 |
| HEICO CORP NEW | CL A | 422806208 |  | 403182 | 1910 | SH |  | SOLE | NONE | 1910 | 0 | 0 |
| HIGHLAND OPPS  INCOME FD | HIGHLAND INCOME | 43010E404 |  | 788528 | 138096 | SH |  | SOLE | NONE | 138096 | 0 | 0 |
| HARMONIC INC | COM | 413160102 |  | 197048 | 21943 | SH |  | SOLE | NONE | 21943 | 0 | 0 |
| HESAI GROUP | SPONSORED ADS | 428050108 |  | 3106350 | 162466 | SH |  | SOLE | NONE | 162466 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 10111606 | 263186 | SH |  | SOLE | NONE | 263186 | 0 | 0 |
| IDT CORP | CL B NEW | 448947507 |  | 247808 | 5047 | SH |  | SOLE | NONE | 5047 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 9003525 | 72428 | SH |  | SOLE | NONE | 72428 | 0 | 0 |
| INFLEQTION INC | COM SHS | 45676K103 |  | 1184881 | 120783 | SH |  | SOLE | NONE | 120783 | 0 | 0 |
| IRADIMED CORP | COM | 46266A109 |  | 2895790 | 30083 | SH |  | SOLE | NONE | 30083 | 0 | 0 |
| INVESTORS TITLE CO NC | COM | 461804106 |  | 4119245 | 18953 | SH |  | SOLE | NONE | 18953 | 0 | 0 |
| ITURAN LOCATION AND CONTROL | SHS | M6158M104 |  | 12975741 | 264757 | SH |  | SOLE | NONE | 264757 | 0 | 0 |
| JOHNSON OUTDOORS INC | CL A | 479167108 |  | 6038486 | 129832 | SH |  | SOLE | NONE | 129832 | 0 | 0 |
| KAMADA LTD | SHS | M6240T109 |  | 287655 | 34491 | SH |  | SOLE | NONE | 34491 | 0 | 0 |
| KOPIN CORP | COM | 500600101 |  | 493961 | 219538 | SH |  | SOLE | NONE | 219538 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 1113897 | 78004 | SH |  | SOLE | NONE | 78004 | 0 | 0 |
| LITHIA MTRS INC | COM | 536797103 |  | 770636 | 3086 | SH |  | SOLE | NONE | 3086 | 0 | 0 |
| LINDBLAD EXPEDITIONS HLDGS I | COM | 535219109 |  | 1024644 | 59228 | SH |  | SOLE | NONE | 59228 | 0 | 0 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 258446 | 1520 | SH |  | SOLE | NONE | 1520 | 0 | 0 |
| LSI INDS INC OHIO | COM | 50216C108 |  | 1920338 | 103244 | SH |  | SOLE | NONE | 103244 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 903385 | 1808 | SH |  | SOLE | NONE | 1808 | 0 | 0 |
| MAMAS CREATIONS INC | COM | 56146T103 |  | 851217 | 55490 | SH |  | SOLE | NONE | 55490 | 0 | 0 |
| MAMAS CREATIONS INC | COM | 56146T103 |  | 1994200 | 130000 | SH |  | SOLE | NONE | 130000 | 0 | 0 |
| MONARCH CASINO  RESORT INC | COM | 609027107 |  | 244162 | 2554 | SH |  | SOLE | NONE | 2554 | 0 | 0 |
| MERCADOLIBRE    INC | COM | 58733R102 |  | 788433 | 456 | SH |  | SOLE | NONE | 456 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 629343 | 1100 | SH |  | SOLE | NONE | 1100 | 0 | 0 |
| MOBIX LABS INC | *W EXP 12/21/202 | 60743G118 |  | 9047 | 72377 | SH |  | SOLE | NONE | 72377 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 829132 | 3826 | SH |  | SOLE | NONE | 3826 | 0 | 0 |
| M-TRON INDS INC | COM | 55380K109 |  | 4390240 | 65673 | SH |  | SOLE | NONE | 65673 | 0 | 0 |
| MULTISENSOR AI HOLDINGS INC | *W EXP 12/19/202 | 456948116 |  | 1466 | 37500 | SH |  | SOLE | NONE | 37500 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 7528147 | 20337 | SH |  | SOLE | NONE | 20337 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 244482 | 7961 | SH |  | SOLE | NONE | 7961 | 0 | 0 |
| NATURES SUNSHINE PRODS INC | COM | 639027101 |  | 1467996 | 61192 | SH |  | SOLE | NONE | 61192 | 0 | 0 |
| NL INDS INC | COM NEW | 629156407 |  | 2431192 | 417014 | SH |  | SOLE | NONE | 417014 | 0 | 0 |
| NAVIOS MARITIME PARTNERS LP | COM UNIT LPI | Y62267409 |  | 261620 | 3877 | SH |  | SOLE | NONE | 3877 | 0 | 0 |
| NATIONAL PRESTO INDS INC | COM | 637215104 |  | 1100455 | 8029 | SH |  | SOLE | NONE | 8029 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 2207593 | 335 | SH |  | SOLE | NONE | 335 | 0 | 0 |
| ENVIRI CORP | COM | 415864107 |  | 449043 | 22887 | SH |  | SOLE | NONE | 22887 | 0 | 0 |
| NWPX INFRASTRUCTURE INC | COM | 667746101 |  | 252422 | 3242 | SH |  | SOLE | NONE | 3242 | 0 | 0 |
| NXG NEXTGEN INFRASTR INCM FD | COM | 231647207 |  | 230926 | 4204 | SH |  | SOLE | NONE | 4204 | 0 | 0 |
| OIO GROUP | *W EXP 08/02/202 | G3R95P116 |  | 4158 | 42000 | SH |  | SOLE | NONE | 42000 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 219442 | 9867 | SH |  | SOLE | NONE | 9867 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 7760507 | 142106 | SH |  | SOLE | NONE | 142106 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 491921 | 5340 | SH |  | SOLE | NONE | 5340 | 0 | 0 |
| PRECISION DRILLING CORP | COM NEW | 74022D407 |  | 276406 | 2809 | SH |  | SOLE | NONE | 2809 | 0 | 0 |
| PHINIA INC | COMMON STOCK | 71880K101 |  | 217639 | 3180 | SH |  | SOLE | NONE | 3180 | 0 | 0 |
| OUTDOOR HOLDING CO | COM | 00175J107 |  | 70993 | 35320 | SH |  | SOLE | NONE | 35320 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 10598756 | 18363 | SH |  | SOLE | NONE | 18363 | 0 | 0 |
| ROCKY BRANDS INC | COM | 774515100 |  | 4365448 | 112744 | SH |  | SOLE | NONE | 112744 | 0 | 0 |
| RICHARDSON ELECTRS LTD | COM | 763165107 |  | 261541 | 23885 | SH |  | SOLE | NONE | 23885 | 0 | 0 |
| REX AMERICAN RES CORP | COM | 761624105 |  | 334575 | 7342 | SH |  | SOLE | NONE | 7342 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 1154034 | 76680 | SH |  | SOLE | NONE | 76680 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | CL A SHS | G7500M104 |  | 721570 | 157548 | SH |  | SOLE | NONE | 157548 | 0 | 0 |
| RAYONIER INC | COM | 754907103 |  | 1028567 | 49882 | SH |  | SOLE | NONE | 49882 | 0 | 0 |
| SCANSOURCE INC | COM | 806037107 |  | 250579 | 6903 | SH |  | SOLE | NONE | 6903 | 0 | 0 |
| SHF HOLDINGS INC | *W EXP 09/28/202 | 824430110 |  | 773 | 25000 | SH |  | SOLE | NONE | 25000 | 0 | 0 |
| SPROTT INC | COM NEW | 852066208 |  | 1002301 | 7014 | SH |  | SOLE | NONE | 7014 | 0 | 0 |
| SUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 864482104 |  | 477719 | 24262 | SH |  | SOLE | NONE | 24262 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 23323143 | 35863 | SH |  | SOLE | NONE | 35863 | 0 | 0 |
| SIMPSON MFG INC | COM | 829073105 |  | 3484744 | 20305 | SH |  | SOLE | NONE | 20305 | 0 | 0 |
| SS TECH HLDGS | COM | 78467J100 |  | 2691921 | 39839 | SH |  | SOLE | NONE | 39839 | 0 | 0 |
| TABOOLA.COM LTD | ORD SHS | M8744T106 |  | 222447 | 71757 | SH |  | SOLE | NONE | 71757 | 0 | 0 |
| TILLYS INC | CL A | 886885102 |  | 817586 | 201873 | SH |  | SOLE | NONE | 201873 | 0 | 0 |
| TAYLOR MORRISON HOME CORP | COM | 87724P106 |  | 202326 | 3474 | SH |  | SOLE | NONE | 3474 | 0 | 0 |
| TENNANT CO | COM | 880345103 |  | 204446 | 3079 | SH |  | SOLE | NONE | 3079 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 3843950 | 145000 | SH |  | SOLE | NONE | 145000 | 0 | 0 |
| TURNING PT BRANDS INC | COM | 90041L105 |  | 8953604 | 103164 | SH |  | SOLE | NONE | 103164 | 0 | 0 |
| TORO CO | COM | 891092108 |  | 1866277 | 19973 | SH |  | SOLE | NONE | 19973 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2776981 | 9188 | SH |  | SOLE | NONE | 9188 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 216167 | 541 | SH |  | SOLE | NONE | 541 | 0 | 0 |
| VONTIER CORPORATION | COM | 928881101 |  | 200973 | 5666 | SH |  | SOLE | NONE | 5666 | 0 | 0 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 187270 | 13105 | SH |  | SOLE | NONE | 13105 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 1690160 | 11243 | SH |  | SOLE | NONE | 11243 | 0 | 0 |
| WHERE FOOD COMES FROM INC | COM NEW | 96327X200 |  | 433307 | 32555 | SH |  | SOLE | NONE | 32555 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 2216854 | 48308 | SH |  | SOLE | NONE | 48308 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 2381487 | 15317 | SH |  | SOLE | NONE | 15317 | 0 | 0 |
| ACCENTURE PLC IRELAND | Call | G1151C901 |  | 3569220 | 18000 | SH | Call | SOLE | NONE | 18000 | 0 | 0 |
| AXT INC | Call | 00246W903 |  | 9390304 | 164800 | SH | Call | SOLE | NONE | 164800 | 0 | 0 |
| META PLATFORMS INC | Call | 30303M902 |  | 5721300 | 10000 | SH | Call | SOLE | NONE | 10000 | 0 | 0 |
| CVR PARTNERS LP/CVR NITROGEN | Call | 126633905 |  | 12667000 | 100000 | SH | Call | SOLE | NONE | 100000 | 0 | 0 |
| APPLOVIN CORP | Put | 03831W958 |  | 5134200 | 12900 | SH | Put | SOLE | NONE | 12900 | 0 | 0 |
| ANAVEX LIFE SCIENCES CORP | Put | 032797950 |  | 337700 | 110000 | SH | Put | SOLE | NONE | 110000 | 0 | 0 |
| AVIS BUDGET GROUP INC | Put | 053774955 |  | 5834000 | 40000 | SH | Put | SOLE | NONE | 40000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | Put | 46438F951 |  | 4533560 | 118000 | SH | Put | SOLE | NONE | 118000 | 0 | 0 |
| IONQ INC | Put | 46222L958 |  | 2883000 | 100000 | SH | Put | SOLE | NONE | 100000 | 0 | 0 |
| OKLO INC | Put | 02156V959 |  | 1353807 | 27300 | SH | Put | SOLE | NONE | 27300 | 0 | 0 |
| PURECYCLE TECHNOLOGIES INC | Put | 74623V953 |  | 1334868 | 257200 | SH | Put | SOLE | NONE | 257200 | 0 | 0 |
| D-WAVE QUANTUM INC | Put | 26740W959 |  | 15183246 | 1052200 | SH | Put | SOLE | NONE | 1052200 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | Put | 83418M953 |  | 2938520 | 52000 | SH | Put | SOLE | NONE | 52000 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | Put | 78462F953 |  | 73553454 | 113100 | SH | Put | SOLE | NONE | 113100 | 0 | 0 |
| TESLA INC | Put | 88160R951 |  | 14870000 | 40000 | SH | Put | SOLE | NONE | 40000 | 0 | 0 |
| BANK UTICA/NY | COM | 065437105 |  | 2413940 | 3524 | SH |  | SOLE | NONE | 3524 | 0 | 0 |
| BANK UTICA N Y | COM | 065437204 |  | 8091864 | 13464 | SH |  | SOLE | NONE | 13464 | 0 | 0 |

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