ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 38373447 305862 SH DFND 1 305862 0 0 ARDAGH METAL PACKAGING S A SHS L02235106 1675509 413706 SH SOLE 413706 0 0 BAIDU INC SPON ADR REP A 056752108 11380327 102139 SH DFND 1 102139 0 0 CAESARS ENTERTAINMENT INC NE COM 12769G100 4285968 162163 SH SOLE 162163 0 0 CENTURY CASINOS INC COM 156492100 1235910 889144 SH SOLE 889144 0 0 CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 5573934 2351871 SH SOLE 2351871 0 0 CLEVELAND-CLIFFS INC NEW COM 185899101 971750 115000 SH SOLE 115000 0 0 CORE NATURAL RESOURCES INC COM SHS 218937100 3306012 31567 SH DFND 1 31567 0 0 FUTU HLDGS LTD SPON ADS CL A 36118L106 41363199 302451 SH DFND 1 302451 0 0 GERDAU SA SPON ADR REP PFD 373737105 68839494 19069112 SH DFND 1 19069112 0 0 GRUPO AEROMEXICO SAB DE CV SPONSORED ADS 40054J109 9403610 671207 SH SOLE 671207 0 0 HSBC HLDGS PLC SPON ADR NEW 404280406 39682887 481063 SH DFND 1 481063 0 0 MACYS INC COM 55616P104 3618000 200000 SH SOLE 200000 0 0 NATIONAL CINEMEDIA INC COM NEW 635309206 1818505 596231 SH SOLE 596231 0 0 NOBLE CORP PLC ORD SHS A G65431127 2944200 60000 SH SOLE 60000 0 0 PG&E CORP COM 69331C108 3514000 200000 SH SOLE 200000 0 0 REPUBLIC AWYS HLDGS INC COM SHS 590479408 71548411 4446210 SH SOLE 4446210 0 0 TERNIUM SA SPONSORED ADS 880890108 39845382 992413 SH DFND 1 992413 0 0 VIPER ENERGY INC CL A 64361Q101 3994150 85000 SH SOLE 85000 0 0 WEYERHAEUSER CO COM NEW 962166104 2931600 120000 SH SOLE 120000 0 0 WW INTL INC COM NEW 98262P200 385970 28091 SH SOLE 28091 0 0