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
ADIENT PLC ORD SHS G0084W101 227,441 3,805,900 SH   DFND 1,2 3,805,900 0 0
ALLY FINL INC COM 02005N100 268,010 9,871,470 SH   DFND 1,2 9,871,470 0 0
ALPHABET INC CAP STK CL A 02079K305 281,100 271,034 SH   DFND 1,2 271,034 0 0
ALTICE USA INC CL A 02156K103 71,416 3,864,524 SH   DFND 1,2 3,864,524 0 0
ASBURY AUTOMOTIVE GROUP INC COM 043436104 27,906 413,429 SH   DFND 1,2 413,429 0 0
BAIDU INC SPON ADR REP A 056752108 297,392 1,332,459 SH   DFND 1,2 1,332,459 0 0
BMC STK HLDGS INC COM 05591B109 33,829 1,730,400 SH   DFND 1,2 1,730,400 0 0
BRUNSWICK CORP COM 117043109 84,705 1,426,257 SH   DFND 1,2 1,426,257 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 52,243 2,633,200 SH   DFND 1,2 2,633,200 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 31,954 1,237,578 SH   DFND 1,2 1,237,578 0 0
CDK GLOBAL INC COM 12508E101 69,656 1,099,717 SH   DFND 1,2 1,099,717 0 0
CELESTICA INC SUB VTG SHS 15101Q108 36,775 3,553,167 SH   DFND 1,2 3,553,167 0 0
CIT GROUP INC COM NEW 125581801 157,841 3,064,870 SH   DFND 1,2 3,064,870 0 0
CITIGROUP INC COM NEW 172967424 136,451 2,021,500 SH   DFND 1,2 2,021,500 0 0
COMCAST CORP NEW CL A 20030N101 225,993 6,613,798 SH   DFND 1,2 6,613,798 0 0
FEDEX CORP COM 31428X106 95,612 398,200 SH   DFND 1,2 398,200 0 0
FTS INTERNATIONAL INC COM 30283W104 8,892 483,530 SH   DFND 1,2 483,530 0 0
HCA HEALTHCARE INC COM 40412C101 200,213 2,064,054 SH   DFND 1,2 2,064,054 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 97,183 1,340,085 SH   DFND 1,2 1,340,085 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 9,338 606,000 SH   DFND 1,2 606,000 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 1,504 270,000 SH   DFND 1,2 270,000 0 0
LITHIA MTRS INC CL A 536797103 21,026 209,169 SH   DFND 1,2 209,169 0 0
MASTERCARD INCORPORATED CL A 57636Q104 141,056 805,298 SH   DFND 1,2 805,298 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,575 100,000 SH   DFND 1,2 100,000 0 0
ON SEMICONDUCTOR CORP COM 682189105 56,137 2,295,051 SH   DFND 1,2 2,295,051 0 0
ORACLE CORP COM 68389X105 30,698 671,000 SH   DFND 1,2 671,000 0 0
REALOGY HLDGS CORP COM 75605Y106 124,719 4,571,807 SH   DFND 1,2 4,571,807 0 0
RLJ LODGING TR CUM CONV PFD A 74965L200 320 12,600 SH   DFND 1,2 12,600 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 4,127 32,810 SH   DFND 1,2 32,810 0 0
TESLA INC COM 88160R101 8,516 32,000 SH Put DFND 1,2 32,000 0 0
TRIPLE-S MGMT CORP CL B 896749108 6,051 231,498 SH   DFND 1,2 231,498 0 0
VEREIT INC COM 92339V100 78,197 11,235,230 SH   DFND 1,2 11,235,230 0 0
VERISIGN INC COM 92343E102 4,980 42,000 SH   DFND 1,2 42,000 0 0
WESTROCK CO COM 96145D105 186,502 2,906,372 SH   DFND 1,2 2,906,372 0 0