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

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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
ALTABA INC COM 021346101 9,706 498,241 SH   SOLE   498,241 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 1,907 232,000 SH   SOLE   232,000 0 0
CLIPPER RLTY INC COM 18885T306 1,225 120,179 SH   SOLE   120,179 0 0
CONSTELLIUM SE CL A N22035104 46,192 3,634,296 SH   SOLE   3,634,296 0 0
HERC HLDGS INC COM 42704L104 34,883 750,000 SH   SOLE   750,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 65,076 430,000 SH Put SOLE   430,000 0 0
LAUREATE EDUCATION INC CL A 518613203 24,448 1,475,000 SH   SOLE   1,475,000 0 0
NATIONAL GEN HLDGS CORP COM 636220303 26,512 1,151,712 SH   SOLE   1,151,712 0 0
NAVIOS MARITIME HLDGS INC COM Y62197119 1,826 379,616 SH   SOLE   379,616 0 0
PENNEY J C CORP INC COM 708160106 1,333 1,500,000 SH   SOLE   1,500,000 0 0
PG&E CORP COM 69331C108 20,000 2,000,000 SH   SOLE   2,000,000 0 0
RANGE RES CORP COM 75281A109 1,394 365,000 SH   SOLE   365,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 67,545 227,600 SH Put SOLE   227,600 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 24,332 1,100,000 SH   SOLE   1,100,000 0 0