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
58 COM INC SPON ADR REP A 31680Q104 89,978 1,369,946 SH   DFND 1,2 1,369,946 0 0
ADIENT PLC ORD SHS G0084W101 33,124 2,555,891 SH   DFND 1,2 2,555,891 0 0
ALLY FINL INC COM 02005N100 298,674 10,864,809 SH   DFND 1,2 10,864,809 0 0
ALPHABET INC CAP STK CL A 02079K305 265,320 225,442 SH   DFND 1,2 225,442 0 0
ALTICE USA INC CL A 02156K103 57,611 2,682,085 SH   DFND 1,2 2,682,085 0 0
ASCENDIS PHARMA A S SPONSORED ADR 04351P101 118,664 1,008,193 SH   DFND 1,2 1,008,193 0 0
BAIDU INC SPON ADR REP A 056752108 215,230 1,305,609 SH   DFND 1,2 1,305,609 0 0
BMC STK HLDGS INC COM 05591B109 42,572 2,409,302 SH   DFND 1,2 2,409,302 0 0
BRUNSWICK CORP COM 117043109 147,782 2,936,257 SH   DFND 1,2 2,936,257 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 17,824 1,336,100 SH   DFND 1,2 1,336,100 0 0
CDK GLOBAL INC COM 12508E101 122,035 2,074,717 SH   DFND 1,2 2,074,717 0 0
CIGNA CORP NEW COM 125523100 132,242 822,299 SH   DFND 1,2 822,299 0 0
CIT GROUP INC COM NEW 125581801 127,114 2,649,870 SH   DFND 1,2 2,649,870 0 0
CITIGROUP INC COM NEW 172967424 360,347 5,791,500 SH   DFND 1,2 5,791,500 0 0
COMCAST CORP NEW CL A 20030N101 252,622 6,318,698 SH   DFND 1,2 6,318,698 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 61,192 3,437,750 SH   DFND 1,2 3,437,750 0 0
DELL TECHNOLOGIES INC CL C 24703L202 70,461 1,200,563 SH   DFND 1,2 1,200,563 0 0
FACEBOOK INC CL A 30303M102 88,679 532,000 SH   DFND 1,2 532,000 0 0
FEDEX CORP COM 31428X106 173,283 955,200 SH   DFND 1,2 955,200 0 0
FORTUNE BRANDS HOME & SEC IN COM 34964C106 7,734 162,440 SH   DFND 1,2 162,440 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 161,656 842,000 SH   DFND 1,2 842,000 0 0
KB HOME COM 48666K109 26,495 1,096,200 SH   DFND 1,2 1,096,200 0 0
LITHIA MTRS INC CL A 536797103 72,732 784,169 SH   DFND 1,2 784,169 0 0
MASCO CORP COM 574599106 46,502 1,182,944 SH   DFND 1,2 1,182,944 0 0
MASTERCARD INC CL A 57636Q104 45,041 191,298 SH   DFND 1,2 191,298 0 0
ON SEMICONDUCTOR CORP COM 682189105 29,930 1,455,051 SH   DFND 1,2 1,455,051 0 0
PLANTRONICS INC NEW COM 727493108 19,919 431,989 SH   DFND 1,2 431,989 0 0
PROSHARES TR II VIX MDTRM FUTR N 74347W338 21,195 981,700 SH   DFND 1,2 981,700 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 15,324 125,600 SH   DFND 1,2 125,600 0 0
STATE STR CORP COM 857477103 53,693 815,883 SH   DFND 1,2 815,883 0 0
TESLA INC COM 88160R101 17,631 63,000 SH Put DFND 1,2 63,000 0 0
TRIPLE-S MGMT CORP CL B 896749108 4,675 204,859 SH   DFND 1,2 204,859 0 0
UNITED TECHNOLOGIES CORP COM 913017109 75,831 588,340 SH   DFND 1,2 588,340 0 0
VEREIT INC COM 92339V100 34,026 4,065,230 SH   DFND 1,2 4,065,230 0 0
WESTROCK CO COM 96145D105 133,192 3,473,062 SH   DFND 1,2 3,473,062 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 52,539 1,051,000 SH   DFND 1,2 1,051,000 0 0
YANDEX N V SHS CLASS A N97284108 72,847 2,121,349 SH   DFND 1,2 2,121,349 0 0