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
CBRE Group Inc. CL A 12504L109 122,581 1,129,676 SH   DFND 1, 2 0 0 1,129,676
Cleveland-Cliffs Inc. COM 185899101 24,290 1,115,766 SH   DFND 1, 2 0 0 1,115,766
Delta Air Lines COM 247361702 249,666 6,388,593 SH   DFND 1, 2 0 6,388,593 0
Franklin Resources Inc. COM 354613101 58,173 1,737,014 SH   DFND 1, 2 0 1,737,014 0
PG&E Corporation COM 69331C108 328,030 27,020,613 SH   DFND 1, 2 0 27,020,613 0
Kyndryl COM 50155Q100 23,470 1,296,683 SH   DFND 1, 2 0 1,296,683 0