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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALGOMA STL GROUP INC COM 015658107   14,690,782 2,317,158 SH   SOLE   2,317,158 0 0
AMBAC FINL GROUP INC *W EXP 04/30/202 023139116   81,009 39,906 SH   SOLE   39,906 0 0
BAUSCH HEALTH COS INC COM 071734107   133,661,692 21,283,709 SH   SOLE   21,283,709 0 0
BAUSCH PLUS LOMB CORP COMMON SHARES 071705107   98,153,081 6,328,374 SH   SOLE   6,328,374 0 0
BERKSHIRE GREY INC *W EXP 07/21/202 084656115   6,700 111,666 SH   SOLE   111,666 0 0
BERKSHIRE GREY INC COM CL A 084656107   806,207 1,335,000 SH   SOLE   1,335,000 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   41,960,232 646,736 SH   SOLE   646,736 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   186,495,521 4,286,268 SH   SOLE   4,286,268 0 0
CAPRI HOLDINGS LIMITED SHS G1890L107   21,432,177 373,904 SH   SOLE   373,904 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   6,865,691 578,407 SH   SOLE   578,407 0 0
FOOT LOCKER INC COM 344849104   16,873,613 446,510 SH   SOLE   446,510 0 0
FOX CORP CL A COM 35137L105   50,879,165 1,675,310 SH   SOLE   1,675,310 0 0
FRONTIER COMMUNICATIONS PARE COM 35909D109   23,108,755 906,937 SH   SOLE   906,937 0 0
LIBERTY LATIN AMERICA LTD COM CL C G9001E128   12,564,860 1,653,271 SH   SOLE   1,653,271 0 0
MACYS INC COM 55616P104   10,589,754 512,821 SH   SOLE   512,821 0 0
NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR 63900P608   29,526,671 543,469 SH   SOLE   543,469 0 0
NEXSTAR MEDIA GROUP INC COMMON STOCK 65336K103   31,389,005 179,335 SH   SOLE   179,335 0 0
NOBLE CORP PLC ORD SHS A G65431127   110,853,146 2,939,622 SH   SOLE   2,939,622 0 0
SEADRILL 2021 LTD COM G7997W102   48,103,135 1,473,748 SH   SOLE   1,473,748 0 0
SEAWORLD ENTMT INC COM 81282V100   18,954,205 354,218 SH   SOLE   354,218 0 0
TEGNA INC COM 87901J105   15,911,296 750,887 SH   SOLE   750,887 0 0
TENET HEALTHCARE CORP COM NEW 88033G407   21,327,914 437,137 SH   SOLE   437,137 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209   22,739,334 2,493,348 SH   SOLE   2,493,348 0 0
TIM S A SPONSORED ADR 88706T108   15,022,046 1,289,446 SH   SOLE   1,289,446 0 0
UBER TECHNOLOGIES INC COM 90353T100   66,691,864 2,696,800 SH   SOLE   2,696,800 0 0
VALARIS LIMITED CL A G9460G101   228,662,946 3,381,508 SH   SOLE   3,381,508 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308   18,348,876 1,813,130 SH   SOLE   1,813,130 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308   63,900 5,230,000 SH Call SOLE   5,230,000 0 0