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
BROADMARK RLTY CAP INC COM 11135B100 1,892 148,427 SH   SOLE   148,427 0 0
CENTURY CMNTYS INC COM 156504300 4,342 158,774 SH   SOLE   158,774 0 0
CENTURY CMNTYS INC COM 156504300 1,641 60,000 SH Call SOLE   0 0 60,000
CHEMOURS CO COM 163851108 195 10,800 SH   SOLE   10,800 0 0
CORNERSTONE BLDG BRANDS INC COM 21925D109 1,212 142,429 SH   SOLE   142,429 0 0
DANAOS CORPORATION SHS Y1968P121 2,070 225,496 SH   SOLE   225,496 0 0
FGL HLDGS ORD SHS G3402M102 2,634 247,320 SH   SOLE   247,320 0 0
FS KKR CAPITAL CORP COM 302635107 2,328 379,700 SH   SOLE   379,700 0 0
GILDAN ACTIVEWEAR INC COM 375916103 1,034 35,000 SH Put SOLE   0 0 35,000
GILDAN ACTIVEWEAR INC COM 375916103 1,057 35,800 SH   SOLE   35,800 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 2,808 449,330 SH   SOLE   449,330 0 0
KURA SUSHI USA INC CL A COM 501270102 204 8,017 SH   SOLE   8,017 0 0
LEGACY HOUSING CORP COM 52472M101 418 25,149 SH   SOLE   25,149 0 0
LYON WILLIAM HOMES CL A 552074700 1,946 97,381 SH   SOLE   97,381 0 0
MAYVILLE ENGINEERING CO INC COM 578605107 2,414 257,375 SH   SOLE   257,375 0 0
NEW HOME CO INC COM 645370107 3,649 783,037 SH   SOLE   783,037 0 0
NEWMARK GROUP INC CL A 65158N102 673 50,000 SH Call SOLE   0 0 50,000
NEWMARK GROUP INC CL A 65158N102 2,804 208,380 SH   SOLE   208,380 0 0
RENT A CTR INC COM 76009N100 1,854 64,300 SH   SOLE   64,300 0 0
SCORPIO TANKERS INC SHS Y7542C130 732 18,600 SH   SOLE   18,600 0 0
SELECT INTERIOR CONCEPTS INC CL A 816120307 2,248 250,000 SH   SOLE   250,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,858 20,000 SH Call SOLE   0 0 20,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 16,093 50,000 SH Call SOLE   0 0 50,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 24,140 75,000 SH Put SOLE   0 0 75,000
TRONOX HOLDINGS PLC SHS G9087Q102 116 10,200 SH   SOLE   10,200 0 0
VENATOR MALTS PLC SHS G9329Z100 103 26,865 SH   SOLE   26,865 0 0
WASHINGTON PRIME GROUP COM 93964W108 291 80,000 SH Call SOLE   0 0 80,000
ZILLOW GROUP INC CL C CAP STK 98954M200 1,066 23,200 SH   SOLE   23,200 0 0