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
ACADIA HEALTHCARE COMPANY IN COM 00404A109 135,198 4,350,000 SH   DFND 01,02 0 4,350,000 0
ADVANCED MICRO DEVICES INC NOTE 2.125% 9/0 007903BD8 9,352 2,500,000 PRN   DFND 01,02 0 2,500,000 0
ALCOA CORP COM 013872106 70,245 3,500,000 SH Call DFND 01,02 0 3,500,000 0
APPLE INC COM 037833100 223,970 1,000,000 SH Put DFND 01,02 0 1,000,000 0
ARCONIC INC COM 03965L100 1,080,707 41,565,658 SH   DFND 01,02 0 41,565,658 0
AT&T INC COM 00206R102 118,250 3,125,000 SH   DFND 01,02 0 3,125,000 0
B RILEY FINL INC COM 05580M108 54,478 2,306,450 SH   DFND 01,02 0 2,306,450 0
CARBONITE INC COM 141337105 17,039 1,100,000 SH   DFND 01,02 0 1,100,000 0
CENTURY ALUM CO COM 156431108 3,320 500,000 SH Call DFND 01,02 0 500,000 0
CISION LTD SHS G1992S109 1,240 161,300 SH   DFND 01,02 0 161,300 0
CITRIX SYS INC COM 177376100 587,903 6,091,000 SH   DFND 01,02 0 6,091,000 0
COMMSCOPE HLDG CO INC COM 20337X109 7,573 644,000 SH   DFND 01,02 0 644,000 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 16,200 4,500,000 SH   DFND 01,02 0 4,500,000 0
CORMEDIX INC COM 21900C308 5,317 833,374 SH   DFND 01,02 0 833,374 0
DELL TECHNOLOGIES INC CL C 24703L202 674,180 13,000,000 SH   DFND 01,02 0 13,000,000 0
DELL TECHNOLOGIES INC CL C 24703L202 215,219 4,150,000 SH Call DFND 01,02 0 4,150,000 0
DEVON ENERGY CORP NEW COM 25179M103 421,652 17,525,000 SH   DFND 01,02 0 17,525,000 0
DIGITAL RLTY TR INC COM 253868103 64,905 500,000 SH Put DFND 01,02 0 500,000 0
DISH NETWORK CORP NOTE 2.375% 3/1 25470MAD1 11,955 13,600,000 PRN   DFND 01,02 0 13,600,000 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 35,622 38,800,000 PRN   DFND 01,02 0 38,800,000 0
EBAY INC COM 278642103 58,470 1,500,000 SH Call DFND 01,02 0 1,500,000 0
EBAY INC COM 278642103 385,902 9,900,000 SH   DFND 01,02 0 9,900,000 0
ELEMENT SOLUTIONS INC COM 28618M106 111,484 10,951,281 SH   DFND 01,02 0 10,951,281 0
FOX CORP CL A COM 35137L105 127,373 4,039,112 SH   DFND 01,02 0 4,039,112 0
FRANCO NEVADA CORP COM 351858105 182,320 2,000,000 SH Put DFND 01,02 0 2,000,000 0
HESS CORP COM 42809H107 405,216 6,700,000 SH   DFND 01,02 0 6,700,000 0
HOST HOTELS & RESORTS INC COM 44107P104 17,290 1,000,000 SH Call DFND 01,02 0 1,000,000 0
INVESCO QQQ TR UNIT SER 1 46090E103 1,208,384 6,400,000 SH Put DFND 01,02 0 6,400,000 0
INVESCO QQQ TR UNIT SER 1 46090E103 283,215 1,500,000 SH Call DFND 01,02 0 1,500,000 0
ISHARES TR IBOXX HI YD ETF 464288513 523,020 6,000,000 SH Call DFND 01,02 0 6,000,000 0
MARATHON PETE CORP COM 56585A102 522,345 8,598,273 SH   DFND 01,02 0 8,598,273 0
MARATHON PETE CORP COM 56585A102 211,106 3,475,000 SH Call DFND 01,02 0 3,475,000 0
MARRIOTT INTL INC NEW CL A 571903202 62,185 500,000 SH Put DFND 01,02 0 500,000 0
MOBILE MINI INC COM 60740F105 73,720 2,000,000 SH   DFND 01,02 0 2,000,000 0
NIELSEN HLDGS PLC SHS EUR G6518L108 297,500 14,000,000 SH   DFND 01,02 0 14,000,000 0
OPUS BK IRVINE CALIF COM 684000102 98,884 4,542,209 SH   DFND 01,02 0 4,542,209 0
PEABODY ENERGY CORP NEW COM 704551100 425,646 28,916,201 SH   DFND 01,02 0 28,916,201 0
PRA GROUP INC NOTE 3.500% 6/0 69354NAB2 1,530 1,500,000 PRN   DFND 01,02 0 1,500,000 0
QEP RES INC COM 74733V100 43,290 11,700,000 SH   DFND 01,02 0 11,700,000 0
ROADRUNNER TRNSN SVCS HLDG I COM NEW 76973Q204 353,296 34,101,924 SH   DFND 01,02 0 34,101,924 0
ROAN RES INC CL A COM 769755109 20,083 16,328,020 SH   DFND 01,02 0 16,328,020 0
SANOFI RIGHT 12/31/2020 80105N113 11,450 20,428,961 SH   DFND 01,02 0 20,428,961 0
SAP SE SPON ADR 803054204 88,403 750,000 SH   DFND 01,02 0 750,000 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 503,200 8,500,000 SH Put DFND 01,02 0 8,500,000 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 129,480 2,000,000 SH Put DFND 01,02 0 2,000,000 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 135,195 1,500,000 SH Put DFND 01,02 0 1,500,000 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 247,302 11,060,000 SH Put DFND 01,02 0 11,060,000 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 127,290 3,000,000 SH Put DFND 01,02 0 3,000,000 0
TESLA INC NOTE 1.250% 3/0 88160RAC5 2,933 3,000,000 PRN   DFND 01,02 0 3,000,000 0
TESLA INC NOTE 2.000% 5/1 88160RAG6 2,543 2,500,000 PRN   DFND 01,02 0 2,500,000 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189F718 25,794 2,195,200 SH Put DFND 01,02 0 2,195,200 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 1,305,500 14,000,000 SH Put DFND 01,02 0 14,000,000 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 93,250 1,000,000 SH Call DFND 01,02 0 1,000,000 0
VERIZON COMMUNICATIONS INC COM 92343V104 60,360 1,000,000 SH Put DFND 01,02 0 1,000,000 0
VORNADO RLTY TR SH BEN INT 929042109 95,505 1,500,000 SH   DFND 01,02 0 1,500,000 0
WHEATON PRECIOUS METALS CORP COM 962879102 6,560 250,000 SH Put DFND 01,02 0 250,000 0
ZIONS BANCORPORATION *W EXP 5/22/202 989701115 4,004 350,000 SH   DFND 01,02 0 350,000 0