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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
2SEVENTY BIO INC COMMON STOCK 901384107 19,949 1,511,300 SH   SOLE   1,511,300 0 0
CATALYST BIOSCIENCES INC COM NEW 14888D208 1,791 1,006,300 SH   SOLE   1,006,300 0 0
GRAHAM HLDGS CO COM CL B 384637104 116,620 205,737 SH   SOLE   205,737 0 0
JAMES RIV GROUP LTD COM G5005R107 10,344 417,453 SH   SOLE   417,453 0 0
LENSAR INC COM 52634L108 4,401 676,109 SH   SOLE   676,109 0 0
ORION GROUP HLDGS INC COM 68629Y103 36,655 3,344,464 SH   SOLE   3,344,464 0 0
PEGASYSTEMS INC COM 705573103 13,291 277,821 SH   SOLE   277,821 0 0
PFSWEB INC COM NEW 717098206 30,966 2,633,189 SH   SOLE   2,633,189 0 0
PG&E CORP COM 69331C108 3,514 352,084 SH   SOLE   352,084 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 1,728 463,384 SH   SOLE   463,384 0 0
STAGWELL INC COM CL A 85256A109 34,739 6,397,662 SH   SOLE   6,397,662 0 0
SUPER MICRO COMPUTER INC COM 86800U104 36,909 914,711 SH   SOLE   914,711 0 0
SYLVAMO CORP COMMON STOCK 871332102 39,651 1,213,315 SH   SOLE   1,213,315 0 0
THERAVANCE BIOPHARMA INC COM G8807B106 65,862 7,269,584 SH   SOLE   7,269,584 0 0
TURQUOISE HILL RES LTD COM 900435207 33,150 1,237,862 SH   SOLE   1,237,862 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 39,248 31,496 SH   SOLE   31,496 0 0