2025-11-14T20:47:36-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990PF 2024-01-01 811290745 LYNNE & ANDREW REDLEAF FOUNDATION LYNN 6123265926 3033 EXCELSIOR BLVD 343 MINNEAPOLIS MN 55416 LYNNE SINGER REDLEAF PRESIDENT 6123265926 2025-11-14 1 0 KIMBERLY ANDERSON P00188889 6086628600 2025-11-14 2024 2025-03-06 01:10:19Z X 112168847 X X 1869304 2227901 1026737 1230090 8684106 0 -436378 2896041 10475629 39300 0 33825 42216 27051 13369 647549 647549 0 284711 403 0 14706 320422 15144 1028482 995425 62338 10281500 8798500 11309982 995425 8860838 -8413941 9480204 589725 248655 248655 3807876 13334 13334 13334 900000 0 0 4247 4371 4371 6749404 6911564 6911564 12050501 12104062 12104062 91904578 92886861 92886861 116006331 112168847 112168847 88404 441376 11045000 12528000 11133404 12969376 X 104872927 99199471 104872927 99199471 116006331 112168847 104872927 -8413941 2740485 99199471 0 99199471 PUBLICLY TRADED SECURITIES 862527 862527 862527 EMPOWERU INC 174378 174378 174378 BOOTHBAY ABSOLUTE RETURN STRATEGIES OFFSHORE LTD 193185 203353 -10168 -10168 CAPITAL GAIN - PARTNERSHIP 187959 187959 187959 WHITE BOX CREDIT FUND - DISTRIB IN EXCESS OF BASIS 7466797 7466797 7466797 SABA (3) 2023 TR CLASS F - DISTRIB IN EXCESS OF BASIS 2613 2613 2613 8684106 131775 0 131775 0 131775 113536 0 0 0 113536 X 336 18575 0 0 0 0 0 0 0 0 1 1 0 1 1 MN 1 0 0 0 0 1 N/A CLIFTONLARSONALLEN LLP 6123764500 220 S SIXTH ST STE 300 MINNEAPOLIS MN 55402 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 ANDREW REDLEAF 3033 EXCELSIOR BLVD SUITE 343 MINNEAPOLIS MN 55416 CHAIRMAN 1.00 0 0 0 LYNNE SINGER REDLEAF 3033 EXCELSIOR BLVD SUITE 343 MINNEAPOLIS MN 55416 PRESIDENT 15.00 0 0 0 AMY ROSENBLATT-LUI 3033 EXCELSIOR BLVD SUITE 343 MINNEAPOLIS MN 55416 EXECUTIVE DIRECTOR 5.00 39300 0 0 NONE 0 TRONDHEIM CAPITAL LLC PO BOX 5090 SCOTTSDALE AZ 85261 INVESTMENT ADVISORY SERVICES 133891 GOLDMAN SACHS & CO LLC 71 S WACKER DRIVE SUITE 1200 CHICAGO IL 60606 INVESTMENT MANAGEMENT FEES 126848 CLIFTONLARSONALLEN LLP 220 S 6TH STREET STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 50589 0 0 114647884 347004 0 114994888 0 0 114994888 1724923 113269965 5663498 5663498 131775 131775 5531723 0 5531723 0 5531723 8860838 0 8860838 5531723 0 0 487284 2172757 4343021 3505785 3742658 14251505 8860838 0 0 0 5531723 3329115 0 0 17580620 0 0 0 0 0 0 487284 17093336 2172757 4343021 3505785 3742658 3329115 ANDREW REDLEAF LYNNE SINGER REDLEAF X ALLINA HEALTH FOUNDATION 3915 GOLDEN VALLEY RD MINNEAPOLIS MN 55422 PC MENTAL HEALTH AND ADDICTION SERVICES 1000000 AMERICAN FRIENDS OF THE HEBREW UNIVERSITY 199 WATER STREET 11TH FLOOR NEW YORK NY 10038 PC GENERAL OPERATIONS 400000 AMOS & CELIA HEILICHER MINNEAPOLIS JEWISH DAY SCHOOL 4330 CEDAR LAKE ROAD MINNEAPOLIS MN 55416 PC GENERAL OPERATIONS, SUPPORT SERVICES 820000 EDUCATION FOR EMPLOYMENT 1660 L STREET NW STE 460 WASHINGTON DC 20036 PC GENERAL OPERATIONS 100000 HENNEPIN HEALTHCARE FOUNDATION 701 PARK AVENUE LSB-3 MINNEAPOLIS MN 55415 PC TO CREATE THE REDLEAF CENTER FOR HEALING 2000000 HOLD YOUR HORSES 5265 WOODLAND TRAIL GREENFIELD MN 55357 PC GENERAL OPERATIONS 30000 JEWISH FAMILY AND CHILDREN'S SERVICE OF MINNEAPOLIS 5905 GOLDEN VALLEY ROAD GOLDEN VALLEY MN 55422 PC GENERAL OPERATIONS, GALA SPONSORSHIP 320000 MEMORIAL SLOAN KETTERING CANCER CENTER 1275 YORK AVE NEW YORK NY 10065 PC GENERAL OPERATIONS 100000 MINNPOST PO BOX 18438 MINNEAPOLIS MN 55414 PC MENTAL HEALTH AND ADDICTION SERVICES 15000 MISSION ANIMAL HOSPITAL 10100 VIKING DRIVE STE 150 EDEN PRAIRIE MN 55344 PC GENERAL OPERATIONS 51000 MYHEALTH FOR TEENS AND YOUNG ADULTS 15 8TH AVENUE SOUTH HOPKINS MN 55343 PC GENERAL OPERATIONS 10000 PROOF ALLIANCE 1876 MINNEHAHA AVE W ST PAUL MN 55104 PC GENERAL OPERATIONS, OUR CHILDREN ARE SACRED 10000 SOUTHSIDE FAMILY NURTURING CENTER 2448 18TH AVE SOUTH MINNEAPOLIS MN 55404 PC GENERAL OPERATIONS 50000 ST PAUL ACADEMY AND SUMMIT SCHOOL 1712 RANDOLPH AVENUE SAINT PAUL MN 55105 PC GENERAL OPERATIONS 50000 START READING NOW 250 MARQUETTE AVE STE 225 MINNEAPOLIS MN 55401 PC GENERAL OPERATIONS 25000 THE CONSTELLATION FUND 729 N WASHINGTON AVE STE 600 MINNEAPOLIS MN 55401 PC GENERAL OPERATIONS/SUPPORT, GRANTMAKING 701000 UNIVERSITY OF MINNESOTA FOUNDATION 200 SE OAK STREET STE 500 MINNEAPOLIS MN 55455 PC BUILDING FUNDS, ENDOWED DIRECTORSHIP FUNDS, MENTAL HEALTH AND ADDICTION SERVICES 3006500 YALE UNIVERSITY - CHILD STUDY CENTER AND SCHOOL OF MANAGEMENT PO BOX 7611 NEW HAVEN CT 06519 PC YALE CHILD STUDY CENTER FOR GENERAL SUPPORT 100000 GREATER MINNEAPOLIS CRISIS NURSERY 4544 FOURTH AVENUE SOUTH MINNEAPOLIS MN 55419 PC GENERAL OPERATIONS 10000 8798500 AMERICAN FRIENDS OF THE HEBREW UNIVERSITY 199 WATER STREET 11TH FLOOR NEW YORK NY 10038 PC GENERAL OPERATIONS 400000 ST PAUL ACADEMY AND SUMMIT SCHOOL 1712 RANDOLPH AVENUE SAINT PAUL MN 55105 PC GENERAL OPERATIONS 50000 HENNEPIN HEALTHCARE FOUNDATION 701 PARK AVENUE LSB-3 MINNEAPOLIS MN 55415 PC TO CREATE THE REDLEAF CENTER FOR HEALING 5500000 JEWISH FAMILY AND CHILDREN'S SERVICE OF MINNEAPOLIS 5905 GOLDEN VALLEY ROAD GOLDEN VALLEY MN 55422 PC GENERAL OPERATIONS, GALA SPONSORSHIP 1200000 MINNESOTA JEWISH COMMUNITY CENTER 1375 ST PAUL AVE SAINT PAUL MN 55116 PC GENERAL OPERATIONS, INCLUSION PLEDGE 18000 7168000 14 1869304 18 1026737 0 2896041 0 2896041 0 0 0 0 0 0 0 0 0 0 ACCOUNTING SERVICE FEES 42216 27051 13369 NATIONAL RURAL UTILITIES COOPE HYBRID 04/20/2046 USD 14915 14915 CMS ENERGY CORPORATION HYBRID 06/01/2050 USD JRSUB 61842 61842 PARTNERRE FINANCE B LLC HYBRID 10/01/2050 USD JRSUB 32758 32758 CMS ENERGY CORPORATION HYBRID 12/01/2050 USD JRSUB 17479 17479 SOUTHERN COMPANY (THE) HYBRID 01/15/2051 USD SER B 44927 44927 PRUDENTIAL FINANCIAL, INC. HYBRID 03/01/2052 USD JRSUB 15486 15486 DOMINION ENERGY, INC. HYBRID 06/01/2054 SER B JRSUB 39287 39287 DUKE ENERGY CORPORATION HYBRID 09/01/2054 JRSUB LIEN 18691 18691 SEMPRA HYBRID 10/01/2054 USD JRSUB LIEN CPN 03/14/24 17482 17482 NISOURCE INC. HYBRID 11/30/2054 USD JRSUB LIEN CPN 14335 14335 ENTERGY CORPORATION HYBRID 12/01/2054 USD JRSUB LIEN 27614 27614 NEXTERA ENERGY CAPITAL HOLDING HYBRID 05/01/2079 USD 34444 34444 JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER KK 59328 59328 AMERICAN EXPRESS COMPANY HYBRID PERPETUAL USD 56816 56816 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 35508 35508 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 51250 51250 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 82503 82503 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 39754 39754 BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL 35129 35129 BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL 58241 58241 BANK OF NOVA SCOTIA (THE) HYBRID PERPETUAL USD SUB 64563 64563 BP CAPITAL MARKETS P.L.C. HYBRID PERPETUAL USD SUB 43032 43032 CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL 49911 49911 CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL 21666 21666 CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL 92297 92297 CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL 43872 43872 EQUITABLE HOLDINGS, INC. HYBRID PERPETUAL USD SER B 34875 34875 JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER HH 57838 57838 JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER NN 34916 34916 METLIFE, INC. HYBRID PERPETUAL USD SER D JRSUB LIEN 61003 61003 METLIFE, INC. HYBRID PERPETUAL USD SER G JRSUB LIEN 64552 64552 MORGAN STANLEY HYBRID PERPETUAL USD SER M JRSUB 48376 48376 PNC FINANCIAL SERVICES GROUP, HYBRID PERPETUAL USD 47947 47947 PNC FINANCIAL SERVICES GROUP, HYBRID PERPETUAL USD 15107 15107 PNC FINANCIAL SERVICES GROUP, HYBRID PERPETUAL USD 33420 33420 STATE STREET CORPORATION HYBRID PERPETUAL USD SER I 41968 41968 STATE STREET CORPORATION HYBRID PERPETUAL USD SER J 14349 14349 THE PNC FINANCIAL SERVICES GRO HYBRID PERPETUAL USD 9923 9923 TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD 18303 18303 TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD 59745 59745 TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD 63895 63895 U.S. BANCORP HYBRID PERPETUAL USD JRSUB LIEN CPN 49585 49585 ENERGY TRANSFER LP HYBRID 05/15/2054 USD JRSUB LIEN 7407 7407 PG&E CORP HYBRID 03/15/2055 JRSUB LIEN CPN 09/11/24 10488 10488 ENERGY TRANSFER OPERATING LP FRN 11/01/2066 USD SER B 12045 12045 EMERA INCORPORATED HYBRID 06/15/2076 USD SUB LIEN 48393 48393 TRANSCANADA TRUST HYBRID 08/15/2076 USD SER 16-A 75665 75665 VODAFONE GROUP PUBLIC LIMITED HYBRID 04/04/2079 USD 36428 36428 ENBRIDGE INC. HYBRID 07/15/2080 USD SER 20-A SUB LIEN 49670 49670 TRANSCANADA TRUST HYBRID 03/07/2082 USD JRSUB LIEN 25116 25116 ENBRIDGE INC. HYBRID 01/15/2083 USD JRSUB LIEN CPN 23978 23978 ENBRIDGE INC HYBRID 01/15/2084 USD SUB LIEN CPN 17249 17249 ALLY FINANCIAL INC. HYBRID PERPETUAL USD SER B JRSUB 110824 110824 AIR LEASE CORPORATION HYBRID PERPETUAL USD SER B 16479 16479 AIR LEASE CORPORATION HYBRID PERPETUAL USD SER D SR 9699 9699 ALLY FINANCIAL INC. HYBRID PERPETUAL USD SER C JRSUB 56316 56316 CAPITAL ONE FINANCIAL CORPORAT HYBRID PERPETUAL USD 33405 33405 CITIGROUP INC. HYBRID PERPETUAL SER EE JRSUB LIEN CPN 14977 14977 CITIGROUP INC. HYBRID PERPETUAL SER T SUB LIEN CPN 35817 35817 CITIGROUP INC. HYBRID PERPETUAL USD SER AA JRSUB LIEN 26289 26289 CITIGROUP INC. HYBRID PERPETUAL USD SER DD JRSUB LIEN 26588 26588 CITIGROUP INC. HYBRID PERPETUAL USD SER P SUB LIEN CPN 75451 75451 CITIGROUP INC. HYBRID PERPETUAL USD SER W JRSUB LIEN 38042 38042 CITIGROUP INC. HYBRID PERPETUAL USD SER Y JRSUB LIEN 4781 4781 CITIGROUP INC. HYBRID PERPETUAL USD SER Z JRSUB LIEN 74044 74044 CITIZENS FINANCIAL GROUP, INC. HYBRID PERPETUAL USD 40235 40235 CITIZENS FINANCIAL GROUP, INC. HYBRID PERPETUAL USD 33557 33557 COMERICA INCORPORATED HYBRID PERPETUAL USD JRSUB 35284 35284 DISCOVER FINANCIAL SERVICES HYBRID PERPETUAL USD SER 16704 16704 DISCOVER FINANCIAL SERVICES HYBRID PERPETUAL USD SER 50559 50559 DOMINION ENERGY, INC. HYBRID PERPETUAL USD SER C 21553 21553 FIFTH THIRD BANCORP HYBRID PERPETUAL USD SER L JRSUB 59174 59174 FIRST CITIZENS BANCSHARES INC HYBRID PERPETUAL USD 41160 41160 HUNTINGTON BANCSHARES INCORPOR HYBRID PERPETUAL 38547 38547 HUNTINGTON BANCSHARES INCORPOR HYBRID PERPETUAL 33758 33758 KEYCORP HYBRID PERPETUAL USD SER D JRSUB LIEN CPN 19362 19362 LINCOLN NATIONAL CORPORATION HYBRID PERPETUAL USD 33705 33705 M&T BANK CORPORATION HYBRID PERPETUAL USD JRSUB 30687 30687 M&T BANK CORPORATION HYBRID PERPETUAL USD SER F 19867 19867 MARKEL CORPORATION HYBRID PERPETUAL USD JRSUB LIEN 45141 45141 REGIONS FINANCIAL CORPORATION HYBRID PERPETUAL USD 24855 24855 SEMPRA ENERGY HYBRID PERPETUAL USD JRSUB LIEN CPN 34905 34905 VOYA FINANCIAL, INC. HYBRID PERPETUAL USD SER A SR LIEN 48402 48402 WELLS FARGO & COMPANY HYBRID PERPETUAL USD JRSUB 32091 32091 WELLS FARGO & COMPANY HYBRID PERPETUAL USD JRSUB 35129 35129 WELLS FARGO & COMPANY HYBRID PERPETUAL USD SER BB 34053 34053 WELLS FARGO & COMPANY HYBRID PERPETUAL USD SER U 50040 50040 MORGAN STANLEY PFD USD1.8208(7.28%) SERIES E HYBRID 18493 18493 APOLLO GLOBAL MANAGEMENT, INC. PFD USD1.9062(7.62%) 33775 33775 ALLSTATE CORPORATION (THE) PFD USD1.8438(7.38%) SERIES 31685 31685 AT&T INC. PFD USD1.2500(5.00%) SERIES A S&P 24512 24512 CITIZENS FINANCIAL GROUP, INC. PFD USD1.2500(5.00%) 15977 15977 MORGAN STANLEY PFD USD1.6250(6.50%) SERIES P NEXT CALL 31221 31221 MORGAN STANLEY PFD USD1.7569(7.03%) SERIES F 44595 44595 REGIONS FINANCIAL CORPORATION PFD USD1.4250(5.70%) 10205 10205 SYNCHRONY FINANCIAL PFD USD1.4063(5.63%) SERIES A 10012 10012 SYNCHRONY FINANCIAL PFD USD2.0625(8.25%) SERIES B 18805 18805 HCA INC. 5.375% 02/01/2025 SR LIEN S&P BBB- /MOODY'S 61355 61355 NETFLIX, INC. 5.875% 02/15/2025 SR LIEN S&P A /MOODY'S 35469 35469 MATTEL INC 3.375% 04/01/2026 USD PVT REGS SR LIEN NEXT 49394 49394 T-MOBILE USA, INC. 2.625% 04/15/2026 USD SR LIEN NEXT 49983 49983 HCA INC 5.375% 09/01/2026 USD SR LIEN NEXT CALL DT. 03 01 34710 34710 HOWMET AEROSPACE INC. 5.9% 02/01/2027 SR LIEN S&P BBB 8364 8364 MERITAGE HOMES CORPORATION 5.125% 06/06/2027 USD 43245 43245 ALCOA ALUMINUM DEBS 6.750000 01/15/2028 CALL @ MW 46294 46294 HOWMET AEROSPACE INC. 3.0% 01/15/2029 USD SR LIEN 26373 26373 EXPAND ENERGY CORPORATION STEP 01/23/2025 SR LIEN 8199 8199 PTC INC 3.625% 02/15/2025 PVT REGS SR LIEN S&P BB 35385 35385 STARWOOD PROPERTY TRUST, INC. 4.75% 03/15/2025 SER WI 21283 21283 HILTON DOMESTIC OPERATIN 5.375% 05/01/2025 PVT REGS 70281 70281 XEROX HOLDINGS CORP 5.0% 08/15/2025 USD PVT REGS SR 13185 13185 PENSKE AUTOMOTIVE GROUP 3.5% 09/01/2025 USD SRSUB 25014 25014 NUSTAR LOGISTICS LP 5.75% 10/01/2025 USD SR LIEN NEXT 25355 25355 WESTERN DIGITAL CORP 4.75% 02/15/2026 USD SR LIEN NEXT 45374 45374 SPRINGLEAF FINANCE CORPORATION 7.125% 03/15/2026 USD 8312 8312 TEGNA INC 4.75% 03/15/2026 USD PVT REGS SR LIEN NEXT 25005 25005 BLOCK INC 2.75% 06/01/2026 USD SR LIEN NEXT CALL DT. 05 01 86719 86719 CALPINE CORP 5.25% 06/01/2026 PVT REGS SR LIEN S&P BB+ 1003 1003 NUSTAR LOGISTICS LP 6.0% 06/01/2026 USD SR LIEN NEXT 35222 35222 WALGREENS BOOTS ALLIANCE, INC. 3.45% 06/01/2026 USD 90282 90282 NAVIENT CORPORATION 6.75% 06/15/2026 USD SR LIEN S&P 25313 25313 HILLENBRAND INC STEP 09/15/2026 USD SR LIEN 5.0% 40204 40204 ENPRO INDUSTRIES, INC. 5.75% 10/15/2026 USD SR LIEN S&P 36257 36257 BUCKEYE PARTNERS, L.P. 3.95% 12/01/2026 USD SR LIEN NEXT 37667 37667 CROWN CORK & SEAL CO INC 7.375 12/15/2026 CALL @ 39111 39111 GFL ENVIRONMENTAL INC 5.125% 12/15/2026 USD PVT REGS 34891 34891 ONEMAIN FINANCE CORPORATION 3.5% 01/15/2027 USD SR 1940 1940 TENET HEALTHCARE CORPORATION 6.25% 02/01/2027 USD 41010 41010 AECOM 5.125% 03/15/2027 USD SER WI SR LIEN NEXT CALL DT. 89486 89486 GOODYEAR TIRE & RUBBER COMPANY 4.875% 03/15/2027 46081 46081 NORDSTROM INC 4.0% 03/15/2027 USD SR LIEN NEXT CALL DT. 31888 31888 SERVICE CORPORATION INTL 7.5% 04/01/2027 USD SER B SR 28220 28220 WYNDHAM DESTINATIONS, INC. STEP 04/01/2027 USD SR 38576 38576 MGM RESORTS INTERNATIONAL 5.5% 04/15/2027 USD SR 36196 36196 NUSTAR LOGISTICS L.P. 5.625% 04/28/2027 USD SR LIEN NEXT 23059 23059 CCO HOLDINGS, LLC 5.125% 05/01/2027 USD PVT REGS SR 91187 91187 AMERIGAS PART/FIN CORP 5.75% 05/20/2027 USD SR LIEN 39268 39268 CLEVELAND-CLIFFS INC. 5.875% 06/01/2027 USD SER WI SR 57955 57955 SEAGATE HDD CAYMAN 4.875% 06/01/2027 USD PVT SR LIEN 37590 37590 TRI POINTE GROUP INC 5.25% 06/01/2027 USD SR LIEN NEXT 33540 33540 NOKIA OYJ 4.375% 06/12/2027 USD SR LIEN S&P BBB- 7803 7803 KB HOME 6.875% 06/15/2027 USD SR LIEN NEXT CALL DT. 12 15 27654 27654 VISTRA OPERATIONS COMPANY LLC 5.0% 07/31/2027 USD 81164 81164 SIRIUS XM RADIO INC 5.0% 08/01/2027 USD SER PVT REGS 44699 44699 NEWELL BRANDS INC. 6.375% 09/15/2027 USD SR LIEN NEXT 14309 14309 PERFORMANCE FOOD GROUP I 5.5% 10/15/2027 USD PVT 43136 43136 RYMAN HOSPITALITY PROPERTIES, 4.75% 10/15/2027 USD 48865 48865 DANA INC 5.375% 11/15/2027 USD SR LIEN S&P BB- /MOODY'S 41686 41686 BOYD GAMING CORPORATION 4.75% 12/01/2027 USD SER WI 20386 20386 CARNIVAL CORP 6.650000 01/15/2028 SR LIEN S&P BB 35123 35123 MARRIOTT OWNERSHIP RESORTS, IN 4.75% 01/15/2028 USD 48741 48741 NRG ENERGY, INC. 5.75% 01/15/2028 USD SER WI SR LIEN 52172 52172 SPRINGLEAF FINANCE CORP 6.625% 01/15/2028 USD SR LIEN 45889 45889 CENTRAL GARDEN & PET CO 5.125% 02/01/2028 USD SR LIEN 41699 41699 ENCOMPASS HEALTH CORP 4.5% 02/01/2028 USD SR LIEN 63939 63939 SILGAN HOLDINGS INC 4.125% 02/01/2028 USD SER WI SR 91649 91649 LAMAR MEDIA CORP 3.75% 02/15/2028 USD SER WI SR LIEN 34383 34383 ASBURY AUTOMOTIVE GROUP, INC. 4.5% 03/01/2028 USD SER 48675 48675 BALL CORPORATION 6.875% 03/15/2028 USD SR LIEN NEXT 22200 22200 NAVIENT CORP 4.875% 03/15/2028 USD SR LIEN NEXT CALL DT. 17429 17429 NORDSTROM INC BONDS 6.950000 03/15/2028 SR LIEN S&P 8364 8364 SUNOCO LP 5.875% 03/15/2028 USD SR LIEN M-W+50.00BP 79031 79031 TEGNA INC. 4.625% 03/15/2028 USD SR LIEN NEXT CALL DT. 03 23965 23965 TRI POINTE GROUP INC 5.7% 06/15/2028 USD SR LIEN NEXT 10956 10956 AMERICAN AXLE & MFG INC 6.875% 07/01/2028 USD SR LIEN 45170 45170 CENTENE CORPORATION 2.45% 07/15/2028 USD SR LIEN NEXT 73022 73022 ELANCO ANIMAL HEALTH INCORPORA STEP 08/28/2028 USD 84979 84979 H.B. FULLER COMPANY 4.25% 10/15/2028 USD SR LIEN NEXT 42742 42742 MGM RESORTS INTERNATIONAL 4.75% 10/15/2028 USD SR 25157 25157 H&E EQUIPMENT SERVICES 3.875% 12/15/2028 USD PVT 88819 88819 RANGE RESOURCES CORPORATION 8.25% 01/15/2029 USD SR 84344 84344 TRANSDIGM INC. 4.625% 01/15/2029 USD SER WI SRSUB 27766 27766 SBA COMMUNICATIONS CORPORATION 3.125% 02/01/2029 76000 76000 CROWDSTRIKE HOLDINGS INC 3.0% 02/15/2029 USD SR LIEN 91227 91227 KENNEDY-WILSON, INC. 4.75% 03/01/2029 USD SR LIEN NEXT 40492 40492 TRANSDIGM INC. 6.375% 03/01/2029 USD PVT REGS SR LIEN 51174 51174 NAVIENT CORPORATION 5.5% 03/15/2029 USD SR LIEN NEXT 12472 12472 TRONOX INC 4.625% 03/15/2029 USD PVT REGS SR LIEN NEXT 42827 42827 TWILIO INC. 3.625% 03/15/2029 USD SR LIEN NEXT CALL DT. 03 89315 89315 ACADIA HEALTHCARE CO INC 5.0% 04/15/2029 USD PVT REGS 43512 43512 ENLINK MIDSTREAM, LLC 5.375% 06/01/2029 USD SR LIEN 54242 54242 HILTON GRAND VACATIONS BORROWE 5.0% 06/01/2029 USD 44483 44483 BALL CORPORATION 6.0% 06/15/2029 USD SR LIEN NEXT CALL 58086 58086 PENSKE AUTOMOTIVE GROUP 3.75% 06/15/2029 USD SRSUB 15478 15478 PERFORMANCE FOOD GROUP I 4.25% 08/01/2029 USD PVT 48222 48222 MGM RESORTS INTERNATIONAL 6.125% 09/15/2029 SR LIEN 28460 28460 MURPHY OIL USA, INC. 4.75% 09/15/2029 USD SR LIEN NEXT 84733 84733 NEWELL BRANDS INC. 6.625% 09/15/2029 USD SR LIEN NEXT 21765 21765 KB HOME 4.8% 11/15/2029 USD SR LIEN NEXT CALL DT. 05 15 29 15181 15181 HILTON DOMESTIC OPERATING CO I 4.875% 01/15/2030 USD 9817 9817 UNITED RENTALS NORTH AM 5.25% 01/15/2030 USD SR LIEN 66720 66720 ENCOMPASS HEALTH CORP 4.75% 02/01/2030 USD SR LIEN 22260 22260 EXPAND ENERGY CORPORATION 5.375% 03/15/2030 USD SR 24933 24933 CROWN AMERICAS LLC 5.25% 04/01/2030 USD SER WI SR 46357 46357 NEWELL BRANDS INC. 6.375% 05/15/2030 SR LIEN NEXT CALL 9091 9091 US FOODS, INC. 4.625% 06/01/2030 USD PVT REGS SR LIEN 10390 10390 IRON MOUNTAIN INC 5.25% 07/15/2030 USD PVT REGS SR 16639 16639 UNITED RENTALS NORTH AM 4.0% 07/15/2030 USD SR LIEN 18573 18573 BALL CORPORATION 2.875% 08/15/2030 USD SR LIEN NEXT 8666 8666 SERVICE CORP INTL 3.375% 08/15/2030 USD SR LIEN NEXT CALL 59479 59479 SEAGATE HDD CAYMAN 4.125% 01/15/2031 USD SR LIEN 51478 51478 ALLISON TRANSMISSION INC 3.75% 01/30/2031 USD PVT 45019 45019 COMMERCIAL METALS CO 3.875% 02/15/2031 USD SR LIEN 44007 44007 IRON MOUNTAIN INCORPORATED 4.5% 02/15/2031 USD PVT 29799 29799 CALPINE CORP 3.75% 03/01/2031 USD PVT REGS SR LIEN NEXT 70691 70691 HILLENBRAND INC 3.75% 03/01/2031 USD SR LIEN NEXT CALL 49649 49649 YUM! BRANDS, INC 3.625% 03/15/2031 USD SR LIEN NEXT 27737 27737 ROYAL CARIBBEAN GROUP 3.7% 03/15/2028 USD SR LIEN 41237 41237 GS HIGH YIELD FUND 323498 323498 CHENIERE ENERGY, INC. 4.625% 10/15/2028 USD SER WI SR 32636 32636 NETFLIX, INC. 5.875% 11/15/2028 USD SR LIEN S&P A 32361 32361 HOWMET AEROSPACE INC. 3.0% 01/15/2029 USD SR LIEN 70642 70642 MATTEL INC 3.75% 04/01/2029 USD PVT REGS SR LIEN NEXT 60855 60855 CHENIERE ENERGY PARTNERS, L.P. 4.5% 10/01/2029 USD SER 65622 65622 SPRINT CAPITAL CORPORATION 8.75% 03/15/2032 USD SR 45231 45231 OCCIDENTAL PETROLEUM COR 5.875% 09/01/2025 USD SR 28634 28634 WYNDHAM WORLDWIDE CORPORATION STEP 10/01/2025 59102 59102 CROWN AMERICAS LLC 4.75% 02/01/2026 SER WI SR LIEN 64488 64488 WESTERN DIGITAL CORP 4.75% 02/15/2026 USD SR LIEN NEXT 35291 35291 NEWELL BRANDS INC. STEP 04/01/2026 USD SR LIEN 5.7% 31428 31428 WALGREENS BOOTS ALLIANCE, INC. 3.45% 06/01/2026 USD 46597 46597 NAVIENT CORPORATION 6.75% 06/15/2026 USD SR LIEN S&P 41513 41513 HILLENBRAND INC STEP 09/15/2026 USD SR LIEN 5.0% 66336 66336 ENPRO INDUSTRIES, INC. 5.75% 10/15/2026 USD SR LIEN S&P 31221 31221 AECOM 5.125% 03/15/2027 USD SER WI SR LIEN NEXT CALL DT. 62339 62339 GOODYEAR TIRE & RUBBER COMPANY 4.875% 03/15/2027 32355 32355 MGM RESORTS INTERNATIONAL 5.5% 04/15/2027 USD SR 17093 17093 NUSTAR LOGISTICS L.P. 5.625% 04/28/2027 USD SR LIEN NEXT 34087 34087 MURPHY OIL USA INC 5.625% 05/01/2027 USD SR LIEN NEXT 32055 32055 AMERIGAS PART/FIN CORP 5.75% 05/20/2027 USD SR LIEN 30853 30853 CLEVELAND-CLIFFS INC. 5.875% 06/01/2027 USD SER WI SR 49961 49961 TRI POINTE GROUP INC 5.25% 06/01/2027 USD SR LIEN NEXT 33540 33540 KB HOME 6.875% 06/15/2027 USD SR LIEN NEXT CALL DT. 12 15 31751 31751 PRIME SECSRVC BRW/FINANC 3.375% 08/31/2027 USD PVT 33722 33722 RYMAN HOSPITALITY PROPERTIES, 4.75% 10/15/2027 USD 32251 32251 TRANSDIGM INC. 5.5% 11/15/2027 USD SER WI SRSUB LIEN 33648 33648 BOYD GAMING CORPORATION 4.75% 12/01/2027 USD SER WI 32035 32035 BUCKEYE PARTNERS, L.P. 4.125% 12/01/2027 USD SR LIEN 29674 29674 MARRIOTT OWNERSHIP RESORTS, IN 4.75% 01/15/2028 USD 34119 34119 NRG ENERGY, INC. 5.75% 01/15/2028 USD SER WI SR LIEN 68539 68539 SPRINGLEAF FINANCE CORP 6.625% 01/15/2028 USD SR LIEN 44846 44846 SILGAN HOLDINGS INC 4.125% 02/01/2028 USD SER WI SR 61742 61742 LAMAR MEDIA CORP 3.75% 02/15/2028 USD SER WI SR LIEN 61125 61125 DANA INC 5.625% 06/15/2028 USD SR LIEN NEXT CALL DT. 06 64281 64281 AMERICAN AXLE & MFG INC 6.875% 07/01/2028 USD SR LIEN 64675 64675 ELANCO ANIMAL HEALTH INCORPORA STEP 08/28/2028 USD 69434 69434 H.B. FULLER COMPANY 4.25% 10/15/2028 USD SR LIEN NEXT 35144 35144 MGM RESORTS INTERNATIONAL 4.75% 10/15/2028 USD SR 51282 51282 RANGE RESOURCES CORPORATION 8.25% 01/15/2029 USD SR 66194 66194 EXPAND ENERGY CORPORATION 5.375% 02/01/2029 USD SER 32238 32238 SBA COMMUNICATIONS CORPORATION 3.125% 02/01/2029 49446 49446 CROWDSTRIKE HOLDINGS INC 3.0% 02/15/2029 USD SR LIEN 63582 63582 TRONOX INC 4.625% 03/15/2029 USD PVT REGS SR LIEN NEXT 36449 36449 TWILIO INC. 3.625% 03/15/2029 USD SR LIEN NEXT CALL DT. 03 33493 33493 SUNOCO LP 4.5% 05/15/2029 USD SER WI SR LIEN NEXT CALL 69004 69004 PENSKE AUTOMOTIVE GROUP 3.75% 06/15/2029 USD SRSUB 61912 61912 WALGREENS BOOTS ALLIANCE, INC. 8.125% 08/15/2029 SR 26553 26553 MURPHY OIL USA, INC. 4.75% 09/15/2029 USD SR LIEN NEXT 35626 35626 NEWELL BRANDS INC. 6.625% 09/15/2029 USD SR LIEN NEXT 17619 17619 TEGNA INC. 5.0% 09/15/2029 USD SR LIEN NEXT CALL DT. 09 15 30398 30398 CENTENE CORPORATION 4.625% 12/15/2029 USD SER WI SR 62554 62554 HILTON DOMESTIC OPERATING CO I 4.875% 01/15/2030 USD 39268 39268 UNITED RENTALS NORTH AM 5.25% 01/15/2030 USD SR LIEN 6971 6971 KENNEDY-WILSON, INC. 4.75% 02/01/2030 USD SR LIEN NEXT 63929 63929 ASBURY AUTOMOTIVE GROUP, INC. 4.75% 03/01/2030 USD 63720 63720 CROWN AMERICAS LLC 5.25% 04/01/2030 USD SER WI SR 7891 7891 NORDSTROM INC 4.375% 04/01/2030 USD SR LIEN NEXT CALL 35836 35836 DARLING INGREDIENTS INC. 6.0% 06/15/2030 USD PVT REGS 68252 68252 BALL CORPORATION 2.875% 08/15/2030 USD SR LIEN NEXT 64997 64997 COVANTA HOLDING CORPORATION 5.0% 09/01/2030 USD SR 33798 33798 NUSTAR LOGISTICS LP 6.375% 10/01/2030 USD SR LIEN NEXT 33615 33615 CENTRAL GARDEN & PET CO 4.125% 10/15/2030 USD SR LIEN 33565 33565 SEAGATE HDD CAYMAN 4.125% 01/15/2031 USD SR LIEN 34931 34931 COMMERCIAL METALS CO 3.875% 02/15/2031 USD SR LIEN 33230 33230 WMG ACQUISITION CORP 3.0% 02/15/2031 USD PVT REGS SR 7057 7057 TWILIO INC 3.875% 03/15/2031 USD SR LIEN NEXT CALL DT. 03 35422 35422 ENCOMPASS HEALTH CORP 4.625% 04/01/2031 USD SR LIEN 66391 66391 SERVICE CORPORATION INTERNATIO 4.0% 05/15/2031 USD SR 69009 69009 BLOCK INC 3.5% 06/01/2031 USD SR LIEN NEXT CALL DT. 03 01 66090 66090 VALVOLINE INC 3.625% 06/15/2031 USD PVT REGS SR LIEN 35668 35668 HILTON GRAND VACATIONS BORROWE 4.875% 07/01/2031 36781 36781 SIRIUS XM RADIO INC. 3.875% 09/01/2031 USD PVT REGS SR 34838 34838 BALL CORPORATION 3.125% 09/15/2031 USD SR LIEN NEXT 7722 7722 TENET HEALTHCARE CORPORATION 6.875% 11/15/2031 SER B 53227 53227 UNITED RENTALS (NORTH AMERICA) 3.75% 01/15/2032 USD 65198 65198 YUM! BRANDS, INC 4.625% 01/31/2032 USD SR LIEN NEXT 8420 8420 EXPAND ENERGY CORPORATION 4.75% 02/01/2032 USD SR 29469 29469 CAESARS ENTERTAINMENT, INC. 6.5% 02/15/2032 USD PVT 36017 36017 YUM! BRANDS, INC 5.375% 04/01/2032 USD SR LIEN NEXT 62841 62841 CCO HOLDINGS, LLC 4.5% 05/01/2032 USD SER WI SR LIEN 74619 74619 PERRIGO FINANCE UNLIMITED COMP 6.125% 09/30/2032 SER 72673 72673 SEAGATE HDD CAYMAN 9.625% 12/01/2032 USD SR LIEN 34040 34040 ABBOTT LABORATORIES CMN (ABT) 90488 90488 ALPHABET INC. CMN CLASS A (GOOGL) 189300 189300 AMGEN INC. CMN (AMGN) 85750 85750 APPLE INC. CMN (AAPL) 278467 278467 AT&T INC. CMN (T) 107019 107019 BLACKSTONE GROUP INC/THE CMN (BX) 122245 122245 CATERPILLAR INC (DELAWARE) CMN (CAT) 110641 110641 CISCO SYSTEMS, INC. CMN (CSCO) 124320 124320 CMS ENERGY CORPORATION CMN (CMS) 39990 39990 COCA-COLA COMPANY (THE) CMN (KO) 105842 105842 CONOCOPHILLIPS CMN (COP) 89253 89253 DANAHER CORPORATION CMN (DHR) 72623 72623 FREEPORT-MCMORAN INC CMN (FCX) 87774 87774 HILTON WORLDWIDE HOLDINGS INC. CMN (HLT) 98864 98864 HONEYWELL INTL INC CMN (HON) 135534 135534 JPMORGAN CHASE & CO CMN (JPM) 170433 170433 LOWES COMPANIES INC CMN (LOW) 124634 124634 MARVELL TECHNOLOGY, INC. CMN (MRVL) 212506 212506 MERCK & CO., INC. CMN (MRK) 100290 100290 MICROSOFT CORPORATION CMN (MSFT) 210750 210750 ORACLE CORPORATION CMN (ORCL) 116648 116648 SALESFORCE INC CMN (CRM) 175061 175061 TEXAS INSTRUMENTS INC. CMN (TXN) 150008 150008 THE PROGRESSIVE CORPORATION CMN (PGR) 53433 53433 VISA INC. CMN CLASS A (V) 97278 97278 WALMART INC CMN (WMT) 181115 181115 XCEL ENERGY INC. CMN (XEL) 67520 67520 AMERICAN TOWER CORPORATION CMN (AMT) 41817 41817 DIGITAL REALTY TRUST, INC. CMN (DLR) 71420 71420 ACCENTURE PLC CMN CLASS A (ACN) 105537 105537 ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN (AZN) 58968 58968 EATON CORP PLC CMN (ETN) 132748 132748 AT&T INC. CMN (T) 193545 193545 HCI GROUP, INC. CMN (HCI) 174795 174795 AIR T FUNDING ALPHA 2410180 2410180 MIND MEDICINE MINDMED 324768 324768 X3 FUND FMV 35807270 35807270 70TH STREET INVESTMENT FMV 12300000 12300000 ALLERUM FMV 1500000 1500000 KWIKBIT AT COST 8500000 8500000 TOPWATER PARTNERS LLC FMV 2785400 2785400 SWEET LEAF FMV 2136702 2136702 STONEX PRIME BROKERAGE FMV 10053648 10053648 DAFNA FUND, LP FMV 3926806 3926806 FARNUM AT COST 1890914 1890914 NORTHERN LAKES FMV 3000000 3000000 LUXOR LAND 2 FMV 3276061 3276061 LUXOR LAND 3 FMV 699571 699571 ALERAN FMV 250000 250000 ALTOWAVE FMV 999900 999900 PATHFINDER SOLUTION FMV 1000000 1000000 BLACKSTONE MORTGAGE TRUST INC CMN (BXMT) AT COST 44700 44700 KKR REAL ESTATE FINANCE TRUST CMN (KREF) AT COST 51750 51750 WEST STREET CAPITAL PARTNERS VIII OFFSHORE LP AT COST 770833 770833 NORTHVOLT INVESTMENTS SLP AT COST 15400 15400 VINTAGE REAL ESTATE PARTNERS III (INTERNATIONAL) OFFSHORE AT COST 38096 38096 WEST STREET STRATEGIC SOLUTION AT COST 722546 722546 GLOBAL EQUITY ATLANTIC IVY ACCESS OFF AT COST 1835305 1835305 GOLDMAN SACHS PRIVATE CREDIT CORP CLASS I SERIES 1 AT COST 1281959 1281959 OFFICE SUPPLIES 6509 0 6823 INSURANCE 8197 0 8321 PARTNERSHIP EXPENSES 0 320422 0 PARTNERSHIP INCOME -436378 UNREALIZED GAINS ON INVESTMENTS 2442906 PRIOR PERIOD ADJUSTMENT 297579 INVESTMENT CONSULTING FEES 647549 647549 0 EXCISE TAX 284711 0 0 FOREIGN TAXES PAID 0 403 0