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
CBRE Group Inc. CLA 12504L109 72,632 1,075,876 SH   DFND 1, 2 0 0 0
Cleveland-Cliffs Inc. COM 185899101 12,711 943,666 SH   DFND 1, 2 0 0 0
Delta Air Lines COM 247361702 171,687 6,118,575 SH   DFND 1, 2 0 0 0
Franklin Resources Inc. COM 354613101 37,866 1,759,560 SH   DFND 1, 2 0 0 0
PG&E Corporation COM 69331C108 678,039 54,243,109 SH   DFND 1, 2 0 0 0