The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMGEN INC COM 031162100   10,635,462 47,903 SH   SOLE 0 0 0 47,903
APA CORPORATION COM 03743Q108   1,143,355 33,461 SH   SOLE 0 0 0 33,461
APPLE INC COM 037833100   382,769 1,973 SH   SOLE 0 0 0 1,973
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107   5,135,857 501,059 SH   SOLE 0 0 0 501,059
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   7,773,095 22,795 SH   SOLE 0 0 0 22,795
BGC PARTNERS INC CL A 05541T101   4,695,562 1,059,946 SH   SOLE 0 0 0 1,059,946
COMCAST CORP NEW CL A 20030N101   218,179 5,251 SH   SOLE 0 0 0 5,251
CORNING INC COM 219350105   10,377,344 296,157 SH   SOLE 0 0 0 296,157
DISNEY WALT CO COM 254687106   222,218 2,489 SH   SOLE 0 0 0 2,489
DONNELLEY FINL SOLUTIONS INC COM 25787G100   9,965,925 218,887 SH   SOLE 0 0 0 218,887
EXXON MOBIL CORP COM 30231G102   1,900,363 17,719 SH   SOLE 0 0 0 17,719
FIVE POINT HOLDINGS LLC COM CL A 33833Q106   4,285,870 1,483,000 SH   SOLE 0 0 0 1,483,000
GRAFTECH INTL LTD COM 384313508   4,143,506 822,124 SH   SOLE 0 0 0 822,124
HERSHA HOSPITALITY TR PR SHS BEN INT 427825500   1,971,104 323,662 SH   SOLE 0 0 0 323,662
ILLINOIS TOOL WKS INC COM 452308109   235,150 940 SH   SOLE 0 0 0 940
JOHNSON & JOHNSON COM 478160104   778,772 4,705 SH   SOLE 0 0 0 4,705
JPMORGAN CHASE & CO COM 46625H100   653,462 4,493 SH   SOLE 0 0 0 4,493
KIMCO RLTY CORP COM 49446R109   7,209,119 365,574 SH   SOLE 0 0 0 365,574
LAZARD LTD SHS A G54050102   4,691,291 146,603 SH   SOLE 0 0 0 146,603
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109   60,740 27,609 SH   SOLE 0 0 0 27,609
LOEWS CORP COM 540424108   9,836,069 165,646 SH   SOLE 0 0 0 165,646
M & T BK CORP COM 55261F104   2,757,744 22,283 SH   SOLE 0 0 0 22,283
MCDONALDS CORP COM 580135101   387,933 1,300 SH   SOLE 0 0 0 1,300
MERCK & CO INC COM 58933Y105   428,732 3,716 SH   SOLE 0 0 0 3,716
MICROSOFT CORP COM 594918104   379,702 1,115 SH   SOLE 0 0 0 1,115
NVIDIA CORPORATION COM 67066G104   68,567,474 162,090 SH   SOLE 0 0 0 162,090
PAYCHEX INC COM 704326107   985,239 8,807 SH   SOLE 0 0 0 8,807
PFIZER INC COM 717081103   297,291 8,105 SH   SOLE 0 0 0 8,105
PHILLIPS 66 COM 718546104   2,324,798 24,374 SH   SOLE 0 0 0 24,374
PROCTER AND GAMBLE CO COM 742718109   399,835 2,635 SH   SOLE 0 0 0 2,635
QUALCOMM INC COM 747525103   15,761,415 132,404 SH   SOLE 0 0 0 132,404
QUEST DIAGNOSTICS INC COM 74834L100   351,400 2,500 SH   SOLE 0 0 0 2,500
ROCKWELL AUTOMATION INC COM 773903109   263,560 800 SH   SOLE 0 0 0 800
SPHERE ENTERTAINMENT CO CL A 55826T102   2,465,155 90,002 SH   SOLE 0 0 0 90,002
STEPAN CO COM 858586100   5,442,070 56,949 SH   SOLE 0 0 0 56,949
TANGER FACTORY OUTLET CTRS I COM 875465106   8,773,045 397,510 SH   SOLE 0 0 0 397,510
TRI POINTE HOMES INC COM 87265H109   7,418,901 225,773 SH   SOLE 0 0 0 225,773
TRINITY PL HLDGS INC COM 89656D101   241,286 446,826 SH   SOLE 0 0 0 446,826
UNION PAC CORP COM 907818108   2,166,926 10,590 SH   SOLE 0 0 0 10,590
WARNER BROS DISCOVERY INC COM SER A 934423104   6,988,153 557,269 SH   SOLE 0 0 0 557,269
WARRIOR MET COAL INC COM 93627C101   10,040,394 257,776 SH   SOLE 0 0 0 257,776
WEYERHAEUSER CO MTN BE COM NEW 962166104   10,147,993 302,835 SH   SOLE 0 0 0 302,835