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
ABERCROMBIE & FITCH CO CL A 002896207 34,941 2,065,054 SH   SOLE   2,065,054 0 0
ALGOMA STL GROUP INC COM 015658107 27,252 3,034,769 SH   SOLE   3,034,769 0 0
AMBAC FINL GROUP INC *W EXP 04/30/202 023139116 52 39,906 SH   SOLE   39,906 0 0
BAUSCH HEALTH COS INC COM 071734107 117,654 14,073,465 SH   SOLE   14,073,465 0 0
BAUSCH PLUS LOMB CORP COMMON SHARES 071705107 103,784 6,810,000 SH   SOLE   6,810,000 0 0
BERKSHIRE GREY INC *W EXP 07/21/202 084656115 27 111,666 SH   SOLE   111,666 0 0
BERKSHIRE GREY INC COM CL A 084656107 1,936 1,335,000 SH   SOLE   1,335,000 0 0
BOYD GAMING CORP COM 103304101 27,911 561,035 SH   SOLE   561,035 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 65,227 1,214,651 SH   SOLE   1,214,651 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305 279,054 7,247,719 SH   SOLE   7,247,719 0 0
CAPRI HOLDINGS LIMITED SHS G1890L107 25,225 615,105 SH   SOLE   615,105 0 0
COTERRA ENERGY INC COM 127097103 36,956 1,432,960 SH   SOLE   1,432,960 0 0
COTY INC COM CL A 222070203 35,242 4,399,746 SH   SOLE   4,399,746 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 10,137 1,015,770 SH   SOLE   1,015,770 0 0
FOX CORP CL A COM 35137L105 49,279 1,532,314 SH   SOLE   1,532,314 0 0
FRONTIER COMMUNICATIONS PARE COM 35909D109 68,351 2,899,205 SH   SOLE   2,899,205 0 0
JANUS HENDERSON GROUP PLC ORD SHS G4474Y214 28,920 1,230,097 SH   SOLE   1,230,097 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 10,308 1,323,271 SH   SOLE   1,323,271 0 0
MACYS INC COM 55616P104 60,285 3,290,659 SH   SOLE   3,290,659 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608 20,233 543,469 SH   SOLE   543,469 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 82,014 503,524 SH   SOLE   503,524 0 0
NOBLE CORP NEW SHS G6610J209 82,291 3,242,997 SH   SOLE   3,242,997 0 0
POPULAR INC COM NEW 733174700 27,068 351,853 SH   SOLE   351,853 0 0
SEAWORLD ENTMT INC COM 81282V100 8,703 197,000 SH   SOLE   197,000 0 0
SLM CORP COM 78442P106 17,459 1,095,292 SH   SOLE   1,095,292 0 0
TEGNA INC COM 87901J105 14,443 688,759 SH   SOLE   688,759 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209 28,749 3,822,965 SH   SOLE   3,822,965 0 0
TIM S A SPONSORED ADR 88706T108 15,667 1,289,446 SH   SOLE   1,289,446 0 0
UBER TECHNOLOGIES INC COM 90353T100 36,733 1,795,338 SH   SOLE   1,795,338 0 0
VALARIS LIMITED CL A G9460G101 220,051 5,209,479 SH   SOLE   5,209,479 0 0