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
AGNC INVT CORP COM 00123Q104   34,199,585 3,392,816 SH   SOLE   3,392,816 0 0
ALGOMA STL GROUP INC COM 015658107   19,580,119 2,423,282 SH   SOLE   2,423,282 0 0
AMBAC FINL GROUP INC *W EXP 04/30/202 023139116   5,108 39,906 SH   SOLE   39,906 0 0
BAUSCH HEALTH COS INC COM 071734107   133,917,284 16,532,998 SH   SOLE   16,532,998 0 0
BAUSCH PLUS LOMB CORP COMMON SHARES 071705107   106,243,237 6,102,426 SH   SOLE   6,102,426 0 0
BERKSHIRE GREY INC *W EXP 07/21/202 084656115   36,906 111,666 SH   SOLE   111,666 0 0
BERKSHIRE GREY INC COM CL A 084656107   1,842,300 1,335,000 SH   SOLE   1,335,000 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   47,297,723 532,752 SH   SOLE   532,752 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   34,469,550 895,313 SH   SOLE   895,313 0 0
COINBASE GLOBAL INC COM CL A 19260Q107   16,400 205,000 SH Call SOLE   205,000 0 0
DAVE & BUSTERS ENTMT INC COM 238337109   24,229,453 658,588 SH   SOLE   658,588 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   4,717,488 378,307 SH   SOLE   378,307 0 0
FOX CORP CL A COM 35137L105   44,452,343 1,305,502 SH   SOLE   1,305,502 0 0
JPMORGAN CHASE & CO COM 46625H100   10,016,278 76,865 SH   SOLE   76,865 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   13,656,018 1,653,271 SH   SOLE   1,653,271 0 0
MASTERBRAND INC COMMON STOCK 57638P104   21,871,003 2,720,274 SH   SOLE   2,720,274 0 0
MGIC INVT CORP WIS COM 552848103   50,559,501 3,767,474 SH   SOLE   3,767,474 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608   28,269,484 541,561 SH   SOLE   541,561 0 0
PDC ENERGY INC COM 69327R101   64,585,104 1,006,312 SH   SOLE   1,006,312 0 0
PNC FINL SVCS GROUP INC COM 693475105   24,570,336 193,315 SH   SOLE   193,315 0 0
POPULAR INC COM NEW 733174700   34,139,947 594,669 SH   SOLE   594,669 0 0
SEADRILL 2021 LTD COM G7997W102   33,341,756 830,223 SH   SOLE   830,223 0 0
SEAWORLD ENTMT INC COM 81282V100   21,717,106 354,218 SH   SOLE   354,218 0 0
SLM CORP COM 78442P106   40,649,372 3,280,821 SH   SOLE   3,280,821 0 0
TENET HEALTHCARE CORP COM NEW 88033G407   23,862,121 401,584 SH   SOLE   401,584 0 0
UBER TECHNOLOGIES INC COM 90353T100   98,715,226 3,114,045 SH   SOLE   3,114,045 0 0
VALARIS LIMITED CL A G9460G101   70,608,187 1,085,278 SH   SOLE   1,085,278 0 0
VICTORIAS SECRET AND CO COMMON STOCK 926400102   19,124,000 560,000 SH   SOLE   560,000 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308   36,989,509 3,350,499 SH   SOLE   3,350,499 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308   132,660 10,930,000 SH Call SOLE   10,930,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105   23,417,943 328,750 SH   SOLE   328,750 0 0