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
ALLEGIANT TRAVEL CO COM 01748X102 2,257 14,898 SH   SOLE 1 14,898 0 0
AMAYA INC COM 02314M108 2,080 135,615 SH   SOLE 1 135,615 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 19,813 699,848 SH   SOLE 1 699,848 0 0
ARCHROCK INC COM 03957W106 3,098 328,871 SH   SOLE 1 328,871 0 0
ARCHROCK PARTNERS L P COM UNITS REPSTG 03957U100 977 72,189 SH   SOLE 1 72,189 0 0
BWX TECHNOLOGIES INC COM 05605H100 1,583 44,247 SH   SOLE 1 44,247 0 0
CASELLA WASTE SYS INC CL A 147448104 1,650 210,209 SH   SOLE 1 210,209 0 0
CONNS INC COM 208242107 504 67,064 SH   SOLE 1 67,064 0 0
CROSSAMERICA PARTNERS LP UT LTD PTN INT 22758A105 864 35,256 SH   SOLE 1 35,256 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 8,845 242,783 SH   SOLE 1 242,783 0 0
EASTMAN KODAK CO *W EXP 09/03/201 277461133 453 117,479 SH   SOLE 1 117,479 0 0
EASTMAN KODAK CO *W EXP 09/03/201 277461141 379 117,479 SH   SOLE 1 117,479 0 0
EASTMAN KODAK CO COM NEW 277461406 31,674 1,969,758 SH   SOLE 1 1,969,758 0 0
EXIDE TECHNOLOGIES DEBT 7.000% 4/3 302051AU1 1,550 3,443,979 SH   SOLE 1 3,443,979 0 0
GERDAU S A SPON ADR REP PFD 373737105 5,860 3,220,000 SH   SOLE 1 3,220,000 0 0
GERDAU S A SPON ADR REP PFD 373737105 455 2,500 SH Call SOLE 1 2,500 0 0
GOL LINHAS AEREAS INTLG S A SPON ADR PFD NEW 38045R206 2,018 190,550 SH   SOLE 1 190,550 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 846 41,505 SH   SOLE 1 41,505 0 0
KRATON PERFORMANCE POLYMERS COM 50077C106 2,793 1,000 SH Call SOLE 1 1,000 0 0
KRATON PERFORMANCE POLYMERS COM 50077C106 1,272 45,532 SH   SOLE 1 45,532 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 2,042 27,578 SH   SOLE 1 27,578 0 0
OVERSEAS SHIPHOLDING GROUP I CL A NEW 69036R863 23,693 2,155,847 SH   SOLE 1 2,155,847 0 0
SERVICE CORP INTL COM 817565104 2,775 102,630 SH   SOLE 1 102,630 0 0
TEEKAY TANKERS LTD CL A Y8565N102 8,713 2,923,787 SH   SOLE 1 2,923,787 0 0
TEMPUR SEALY INTL INC COM 88023U101 1,419 25,649 SH   SOLE 1 25,649 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 1,858 240,000 SH   SOLE 1 240,000 0 0
VALE S A ADR 91912E105 13,520 2,672,000 SH   SOLE 1 2,672,000 0 0
VALE S A ADR REPSTG PFD 91912E204 2,727 680,000 SH   SOLE 1 680,000 0 0