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
CHARTER COMMUNICATIONS INC N CL A 16119P108   9,184,250 25,000 SH   DFND 1,2 25,000 0 0
COMSTOCK RES INC COM 205768302   2,320,000 200,000 SH   DFND 1,2 200,000 0 0
COSTAMARE INC SHS Y1771G102   1,208,750 125,000 SH   DFND 1,2 125,000 0 0
CRESCENT ENERGY COMPANY CL A COM 44952J104   2,542,094 243,963 SH   DFND 1,2 243,963 0 0
CVS HEALTH CORP COM 126650100   6,913,000 100,000 SH   DFND 1,2 100,000 0 0
EURONAV NV SHS B38564108   805,138 52,900 SH   DFND 1,2 52,900 0 0
EXPEDIA GROUP INC COM NEW 30212P303   10,939,000 100,000 SH   DFND 1,2 100,000 0 0
FRANKLIN TEMPLETON ETF TR FTSE JAPAN ETF 35473P744   811,500 30,000 SH   DFND 1,2 30,000 0 0
GENERAC HLDGS INC COM 368736104   8,202,150 55,000 SH   DFND 1,2 55,000 0 0
GEO GROUP INC NEW COM 36162J106   4,296,000 600,000 SH   DFND 1,2 600,000 0 0
HANESBRANDS INC COM 410345102   1,816,000 400,000 SH   DFND 1,2 400,000 0 0
HUDSON PAC PPTYS INC COM 444097109   1,055,000 250,000 SH   DFND 1,2 250,000 0 0
IHEARTMEDIA INC COM CL A 45174J509   2,184,000 600,000 SH   DFND 1,2 600,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   738,840,000 2,000,000 SH Put DFND 1,2 2,000,000 0 0
ISHARES INC MSCI JAPN SMCETF 464286582   923,091 13,500 SH   DFND 1,2 13,500 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822   619,000 10,000 SH   DFND 1,2 10,000 0 0
ISHARES TR MSCI JP VALUE 46435U374   372,096 13,600 SH   DFND 1,2 13,600 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   3,879,000 450,000 SH   DFND 1,2 450,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101   6,588,000 150,000 SH   DFND 1,2 150,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103   2,248,000 200,000 SH   DFND 1,2 200,000 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   2,498,250 15,000 SH   DFND 1,2 15,000 0 0
NEXTIER OILFIELD SOLUTIONS COM 65290C105   3,576,000 400,000 SH   DFND 1,2 400,000 0 0
PRECISION DRILLING CORP COM NEW 74022D407   569,060 11,630 SH   DFND 1,2 11,630 0 0
QURATE RETAIL INC COM SER A 74915M100   1,484,700 1,500,000 SH   DFND 1,2 1,500,000 0 0
SAFE BULKERS INC COM Y7388L103   415,732 127,525 SH   DFND 1,2 127,525 0 0
SIGNET JEWELERS LIMITED SHS G81276100   5,547,100 85,000 SH   DFND 1,2 85,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   886,560,000 2,000,000 SH Put DFND 1,2 2,000,000 0 0
STAR BULK CARRIERS CORP. SHS PAR Y8162K204   3,269,898 184,740 SH   DFND 1,2 184,740 0 0
STELLANTIS N.V SHS N82405106   5,700,500 325,000 SH   DFND 1,2 325,000 0 0
THE CIGNA GROUP COM 125523100   7,716,500 27,500 SH   DFND 1,2 27,500 0 0
THE REALREAL INC COM 88339P101   3,330,000 1,500,000 SH   DFND 1,2 1,500,000 0 0
VITAL ENERGY INC COM 516806205   5,643,750 125,000 SH   DFND 1,2 125,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   4,702,500 375,000 SH   DFND 1,2 375,000 0 0