# EDGAR Filing Document

**Accession Number:** 0001687156
**File Stem:** 0001214659-23-002027
**Filing Date:** 2023-2
**Character Count:** 21263
**Document Hash:** 0bae5f4dd1e14f774f567d1d4e7e2d03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-23-002027.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001214659-23-002027

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Harbor Advisors LLC
- **CENTRAL INDEX KEY:** 0001687156
- **IRS NUMBER:** 113555982

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17610
- **FILM NUMBER:** 23615639

**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:** 12-31-2022

**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  01-23-2023<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:** 163

**Form 13F Information Table Value Total:** $400601047

      (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 SYSTEMS INCORPORATED | COM | 00724F101 | BBG000BB5006 | 2019180 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 | BBG000C060M4 | 396075 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| AGILETHOUGHT INC | *W EXP 08/23/202 | 00857F118 | BBG00RCQNTT9 | 7992 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 | BBG000BJQWD2 | 1686000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALERUS FINL CORP | COM | 01446U103 | BBG000BTXSH7 | 230394 | 9867 | SH |  | SOLE |  | 9867 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB30 | 1774600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JX6 | 14346198 | 162600 | SH |  | SOLE |  | 162600 | 0 | 0 |
| ALTICE USA INC | CL A | 02156K103 | BBG00GFMPRK0 | 236247 | 51358 | SH |  | SOLE |  | 51358 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 | BBG000BVPV84 | 12936000 | 154000 | SH |  | SOLE |  | 154000 | 0 | 0 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 | BBG004HQHKK0 | 4384102 | 251382 | SH |  | SOLE |  | 251382 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG000BCQZS4 | 295500 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | BBG000BBDZG3 | 442680 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| AMERICAN NATL BANKSHARES INC | COM | 027745108 | BBG000BG8NR3 | 510048 | 13811 | SH |  | SOLE |  | 13811 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 | BBG000RYC984 | 360240 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| AON PLC | SHS CL A | G0403H108 | BBG00SSQFPK6 | 750350 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 | BBG00ZNLTFK3 | 762163 | 11948 | SH |  | SOLE |  | 11948 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG000B9XRY4 | 19281612 | 148400 | SH |  | SOLE |  | 148400 | 0 | 0 |
| ARES MANAGEMENT CORPORATION | CL A COM STK | 03990B101 | BBG0068KVV91 | 342200 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 | BBG000K6MRN4 | 382480 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| AURORA CANNABIS INC | COM | 05156X884 | BBG006SCSYG7 | 9616 | 10427 | SH |  | SOLE |  | 10427 | 0 | 0 |
| BANK OF NT BUTTERFIELD L | SHS NEW | G0772R208 | BBG00DK7NM27 | 5079833 | 170407 | SH |  | SOLE |  | 170407 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 | BBG000QFJJW0 | 859487 | 21455 | SH |  | SOLE |  | 21455 | 0 | 0 |
| BANKFINANCIAL CORP | COM | 06643P104 | BBG000BCD4H9 | 105363 | 10006 | SH |  | SOLE |  | 10006 | 0 | 0 |
| BAUSCH HEALTH COS INC | COM | 071734107 | BBG000DLFM21 | 62800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BAYCOM CORP | COM | 07272M107 | BBG00FWKRBS2 | 345094 | 18182 | SH |  | SOLE |  | 18182 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 | BBG000DWCFL4 | 468711 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BGC PARTNERS INC | CL A | 05541T101 | BBG000C4MWH4 | 37700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 | BBG000C2PW58 | 2780664 | 3924 | SH |  | SOLE |  | 3924 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 | BBG000BH0106 | 370950 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| BLUE RIDGE BANKSHARES INC VA | COM | 095825105 | BBG000BJ7RY1 | 263302 | 21081 | SH |  | SOLE |  | 21081 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG000DQLV23 | 359750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 | BBG000BWSGF4 | 1367280 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 | BBG000HW5GX3 | 13876947 | 249900 | SH |  | SOLE |  | 249900 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 | BBG000BCVMH9 | 1398264 | 18746 | SH |  | SOLE |  | 18746 | 0 | 0 |
| CAPSTAR FINL HLDGS INC | COM | 14070T102 | BBG00CW88W83 | 176600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CBRE GROUP INC | CL A | 12504L109 | BBG000C04224 | 461760 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 | BBG000VPGNR2 | 9378150 | 27656 | SH |  | SOLE |  | 27656 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG000K4ND22 | 784730 | 4372 | SH |  | SOLE |  | 4372 | 0 | 0 |
| CHINDATA GROUP HLDGS LTD | ADS | 16955F107 | BBG00X71QNZ0 | 124332 | 15600 | SH |  | SOLE |  | 15600 | 0 | 0 |
| CHURCHILL CAPITAL CORP VII | UNIT 99/99/9999 | 17144M201 | BBG00YV0ZSF4 | 99601 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG000FY4S11 | 226150 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 | BBG000BFT2L4 | 874250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| COMMUNITY BK SYS INC | COM | 203607106 | BBG000BF4D19 | 255451 | 4058 | SH |  | SOLE |  | 4058 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 | BBG000BDXGP9 | 638550 | 16500 | SH |  | SOLE |  | 16500 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG000BQQH30 | 1094096 | 9272 | SH |  | SOLE |  | 9272 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 | BBG000D7JKW9 | 777437 | 10060 | SH |  | SOLE |  | 10060 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 | BBG000C3GN47 | 1475257 | 60043 | SH |  | SOLE |  | 60043 | 0 | 0 |
| CREATIVE MEDIA  CMNTY TR | COM NEW | 125525584 | BBG000BN7SF1 | 49000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CROSSFIRST BANKSHARES INC | COM | 22766M109 | BBG000Q4LHK9 | 124100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG000BGJRC8 | 929400 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 | BBG000BH3JF8 | 3319077 | 12505 | SH |  | SOLE |  | 12505 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG000BBVJZ8 | 635398 | 10330 | SH |  | SOLE |  | 10330 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | BBG002PHSYX9 | 601558 | 4398 | SH |  | SOLE |  | 4398 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 | BBG000Q5ZRM7 | 4274510 | 42630 | SH |  | SOLE |  | 42630 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 | BBG000BH4R78 | 4877269 | 56138 | SH |  | SOLE |  | 56138 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 | BBG000TGLV00 | 166800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ENSTAR GROUP LIMITED | SHS | G3075P101 | BBG000NQKP71 | 577600 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG000BZ9223 | 3354568 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| EQUIFAX INC | COM | 294429105 | BBG000BHPL78 | 2332320 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 | BBG000MBDGM6 | 171428331 | 261711 | SH |  | SOLE |  | 261711 | 0 | 0 |
| ESSA BANCORP INC | COM | 29667D104 | BBG000R3PVY0 | 208700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| EVERCORE INC | CLASS A | 29977A105 | BBG000BP30Y0 | 1636200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| EVEREST RE GROUP LTD | COM | G3223R108 | BBG000C1XVK6 | 496905 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| FB FINL CORP | COM | 30257X104 | BBG00DM434G9 | 1351166 | 37387 | SH |  | SOLE |  | 37387 | 0 | 0 |
| FERGUSON PLC NEW | SHS | G3421J106 | BBG00P5M4V07 | 6331294 | 50190 | SH |  | SOLE |  | 50190 | 0 | 0 |
| FFBW INC MD | COM | 30260M103 | BBG00RDTS1N4 | 197219 | 16987 | SH |  | SOLE |  | 16987 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 | BBG006N7S6K9 | 1256847 | 33409 | SH |  | SOLE |  | 33409 | 0 | 0 |
| FINSERV ACQUISITION CORP II | UNIT 02/17/2026 | 31809Y202 | BBG00Z4B96B8 | 100300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| FIRST AMERN FINL CORP | COM | 31847R102 | BBG000V78V75 | 261700 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| FIRST BANCSHARES INC MS | COM | 318916103 | BBG000BHWFN5 | 341579 | 10671 | SH |  | SOLE |  | 10671 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 | BBG000GHZSZ6 | 532434 | 21732 | SH |  | SOLE |  | 21732 | 0 | 0 |
| FLAME ACQUISITION CORP | *W EXP 02/26/202 | 33850F116 | BBG00ZZLN920 | 113712 | 174915 | SH |  | SOLE |  | 174915 | 0 | 0 |
| FOX CORP | CL A COM | 35137L105 | BBG00JHNJW99 | 600293 | 19766 | SH |  | SOLE |  | 19766 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 | BBG00JHNKJY8 | 1174018 | 41266 | SH |  | SOLE |  | 41266 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 | BBG000RD3CL8 | 272960 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 | BBG019M62R45 | 941600 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 | BBG0174VKJ51 | 162250 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| FTI CONSULTING INC | COM | 302941109 | BBG000K88H58 | 714600 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| GARTNER INC | COM | 366651107 | BBG000BB65D0 | 840350 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| GODADDY INC | CL A | 380237107 | BBG006MDLY05 | 224460 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| GREENLIGHT CAPITAL RE LTD | CLASS A | G4095J109 | BBG000QSBJR6 | 203750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| GRUPO TELEVISA S A B | SPON ADR REP ORD | 40049J206 | BBG000BJDPF9 | 230864 | 50628 | SH |  | SOLE |  | 50628 | 0 | 0 |
| HANMI FINL CORP | COM NEW | 410495204 | BBG000M4M6Q0 | 371250 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| HARBORONE BANCORP INC NEW | COM NEW | 41165Y100 | BBG00NKZNGB6 | 1435245 | 103255 | SH |  | SOLE |  | 103255 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 | BBG011N57109 | 319604 | 20767 | SH |  | SOLE |  | 20767 | 0 | 0 |
| HESS CORP | COM | 42809H107 | BBG000BBD070 | 850920 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | BBG0058KMH30 | 901326 | 7133 | SH |  | SOLE |  | 7133 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 | BBG000BKZB36 | 1579300 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| HOULIHAN LOKEY INC | CL A | 441593100 | BBG000CZTB66 | 2179000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| HUNTSMAN CORP | COM | 447011107 | BBG000NS26Q8 | 800932 | 29146 | SH |  | SOLE |  | 29146 | 0 | 0 |
| HYATT HOTELS CORP | COM CL A | 448579102 | BBG000CVRFS4 | 361800 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| IHS HOLDING LIMITED | ORD SHS | G4701H109 | BBG012M7S1G4 | 118953 | 19342 | SH |  | SOLE |  | 19342 | 0 | 0 |
| INDEPENDENT BK CORP MASS | COM | 453836108 | BBG000BM0597 | 232183 | 2750 | SH |  | SOLE |  | 2750 | 0 | 0 |
| INNOVIZ TECHNOLOGIES LTD | SHS | M5R635108 | BBG00DKCC5X1 | 78600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 | BBG000LV0836 | 3585521 | 49558 | SH |  | SOLE |  | 49558 | 0 | 0 |
| JD.COM INC | SPON ADR CL A | 47215P106 | BBG005YHY0Q7 | 785820 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 | BBG000BNHSP9 | 514200 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG000DMBXR2 | 3506447 | 26148 | SH |  | SOLE |  | 26148 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 | BBG000TJM7F0 | 1069800 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| KORN FERRY | COM NEW | 500643200 | BBG000C5QMB5 | 202480 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| LENNOX INTL INC | COM | 526107107 | BBG000BB5B84 | 526306 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 | BBG006GNRZ83 | 278294 | 3669 | SH |  | SOLE |  | 3669 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 | BBG006GNSZW5 | 1145575 | 15020 | SH |  | SOLE |  | 15020 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL A | G5480U104 | BBG000H0QBS7 | 190133 | 10044 | SH |  | SOLE |  | 10044 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL C | G5480U120 | BBG000BXWBN9 | 472538 | 24320 | SH |  | SOLE |  | 24320 | 0 | 0 |
| LOWES COS INC | COM | 548661107 | BBG000BNDN65 | 597720 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 | BBG000BGYMH7 | 1520865 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 | BBG000F1ZSQ2 | 9040980 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 | BBG000BHP8J4 | 201250 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 | BBG000MM2P62 | 1540352 | 12800 | SH |  | SOLE |  | 12800 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 | BBG000C5Z1S3 | 2424030 | 48500 | SH |  | SOLE |  | 48500 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG000BPH459 | 5995500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| MOELIS  CO | CL A | 60786M105 | BBG000RNBH63 | 567876 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| MOODYS CORP | COM | 615369105 | BBG000F86GP6 | 2228960 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG000BLZRJ2 | 561812 | 6608 | SH |  | SOLE |  | 6608 | 0 | 0 |
| MSCI INC | COM | 55354G100 | BBG000RTDY25 | 465170 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 | BBG000BQ5DS5 | 739260 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| NUCOR CORP | COM | 670346105 | BBG000BQ8KV2 | 3689626 | 27992 | SH |  | SOLE |  | 27992 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 | BBG00JM9XLN6 | 1358942 | 18608 | SH |  | SOLE |  | 18608 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 | BBG000BBJQV0 | 2338240 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | BBG000BND699 | 237045 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 | BBG000BQQ2S6 | 377940 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| OLIN CORP | COM PAR $1 | 680665205 | BBG000BQHTV3 | 529400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| OUSTER INC | COM | 68989M103 | BBG00XRTSTR1 | 10976 | 12719 | SH |  | SOLE |  | 12719 | 0 | 0 |
| PACIFIC PREMIER BANCORP | COM | 69478X105 | BBG000BNS256 | 349748 | 11082 | SH |  | SOLE |  | 11082 | 0 | 0 |
| PCB BANCORP | COM | 69320M109 | BBG000CWSXR3 | 353800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PENN ENTERTAINMENT INC | COM | 707569109 | BBG000CDZLV8 | 415800 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG000BR2B91 | 971613 | 18962 | SH |  | SOLE |  | 18962 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 | BBG00286S4N9 | 368547 | 3541 | SH |  | SOLE |  | 3541 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 | BBG000C1XKF6 | 880800 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 | BBG000BXRPH1 | 792057 | 3468 | SH |  | SOLE |  | 3468 | 0 | 0 |
| PJT PARTNERS INC | COM CL A | 69343T107 | BBG0079T1PZ6 | 3059535 | 41519 | SH |  | SOLE |  | 41519 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG000BRD0D8 | 1649525 | 10444 | SH |  | SOLE |  | 10444 | 0 | 0 |
| POPULAR INC | COM NEW | 733174700 | BBG000BDNB35 | 663200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PROFOUND MED CORP | COM NEW | 74319B502 | BBG00CXJY8L7 | 135036 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 | BBG000BW8S60 | 279145 | 2766 | SH |  | SOLE |  | 2766 | 0 | 0 |
| RBB BANCORP | COM | 74930B105 | BBG002537TC9 | 208500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| RENALYTIX PLC | ADS | 75973T101 | BBG00VPNC562 | 45037 | 24084 | SH |  | SOLE |  | 24084 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 | BBG000BP1Q11 | 3684340 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 | BBG000KK3464 | 413954 | 13272 | SH |  | SOLE |  | 13272 | 0 | 0 |
| SELECTQUOTE INC | COM | 816307300 | BBG000GTP1B6 | 10414 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| SILVERGATE CAP CORP | CL A | 82837P408 | BBG00MMM95S7 | 174000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 | BBG000BD8ZK0 | 372450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| TFS FINL CORP | COM | 87240R107 | BBG000F7GST7 | 720500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| THE VERY GOOD FOOD CO INC | COM | 88340B109 | BBG00WDSQ004 | 6744 | 97500 | SH |  | SOLE |  | 97500 | 0 | 0 |
| THUNDER BRIDGE CAP PRTNRS II | COM CL A | 88605T100 | BBG00YZ59TH4 | 98963 | 10150 | SH |  | SOLE |  | 10150 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 | BBG000NDV1D4 | 2891000 | 20650 | SH |  | SOLE |  | 20650 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 | BBG000BM6788 | 420225 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 | BBG002B04MT8 | 346220 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 | BBG000BXMFC3 | 533130 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| VAIL RESORTS INC | COM | 91879Q109 | BBG000BCMWM1 | 1906800 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| VELODYNE LIDAR INC | COM | 92259F101 | BBG00M0X4584 | 29548 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| VEON LTD | SPONSORED ADR | 91822M106 | BBG000QCW561 | 103679 | 211590 | SH |  | SOLE |  | 211590 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 | BBG000BGKHZ3 | 308160 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 | BBG000PSKYX7 | 831040 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| VOYA FINANCIAL INC | COM | 929089100 | BBG000BCWKD6 | 368940 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| WALMART INC | COM | 931142103 | BBG000BWXBC2 | 1559690 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG000BWQFY7 | 825800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 | BBG000BWVCP8 | 329000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| YANDEX N V | SHS CLASS A | N97284108 | BBG001NVJ6W4 | 331450 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| YUM CHINA HLDGS INC | COM | 98850P109 | BBG00B8N0HG1 | 1038350 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 | BBG0039320N9 | 875783 | 5976 | SH |  | SOLE |  | 5976 | 0 | 0 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 | BBG00S1HJ3M8 | 557035 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |

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