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
AERCAP HOLDINGS NV SHS N00985106 30,784 585,138 SH   SOLE 1,2,3 585,138 0 0
AETNA INC NEW COM 00817Y108 6,314 35,000 SH   SOLE 1,2,3 35,000 0 0
AIR LEASE CORP CL A 00912X302 16,041 333,567 SH   SOLE 1,2,3 333,567 0 0
ALASKA AIR GROUP INC COM 011659109 11,622 158,100 SH   SOLE 1,2,3 158,100 0 0
ALCOA CORP COM 013872106 25,761 478,206 SH   SOLE 1,2,3 478,206 0 0
ALPHABET INC CAP STK CL C 02079K107 20,091 19,200 SH   SOLE 1,2,3 19,200 0 0
ANADARKO PETE CORP COM 032511107 11,479 214,000 SH   SOLE 1,2,3 214,000 0 0
ANDEAVOR COM 03349M105 6,369 55,706 SH   SOLE 1,2,3 55,706 0 0
ANTERO RES CORP COM 03674X106 3,668 193,027 SH   SOLE 1,2,3 193,027 0 0
APPLIED MATLS INC COM 038222105 32,870 643,000 SH   SOLE 1,2,3 643,000 0 0
ARCH COAL INC CL A 039380407 7,208 77,376 SH   SOLE 1,2,3 77,376 0 0
BROADCOM LTD SHS Y09827109 6,268 24,400 SH   SOLE 1,2,3 24,400 0 0
AVIS BUDGET GROUP COM 053774105 34,626 789,101 SH   SOLE 1,2,3 789,101 0 0
CITIGROUP INC COM NEW 172967424 22,249 299,000 SH   SOLE 1,2,3 299,000 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 3,023 264,984 SH   SOLE 1,2,3 264,984 0 0
COMSTOCK RESOURCES INC NOTE 7.750% 4/0 205768AM6 961 1,038,750 SH   SOLE 1,2,3 1,038,750 0 0
CONSTELLIUM NV CL A N22035104 8,099 726,382 SH   SOLE 1,2,3 726,382 0 0
DOWDUPONT INC COM 26078J100 20,084 282,000 SH   SOLE 1,2,3 282,000 0 0
EQT CORP COM 26884L109 30,773 540,635 SH   SOLE 1,2,3 540,635 0 0
FIRST DATA CORP NEW COM CL A 32008D106 1,136 68,000 SH   SOLE 1,2,3 68,000 0 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106 7,240 513,502 SH   SOLE 1,2,3 513,502 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 5,754 193,036 SH   SOLE 1,2,3 193,036 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 3,134 12,300 SH   SOLE 1,2,3 12,300 0 0
GROUP 1 AUTOMOTIVE INC COM 398905109 2,839 40,000 SH   SOLE 1,2,3 40,000 0 0
KINDER MORGAN INC DEL COM 49456B101 12,655 700,322 SH   SOLE 1,2,3 700,322 0 0
LAM RESEARCH CORP COM 512807108 5,982 32,500 SH   SOLE 1,2,3 32,500 0 0
LENNAR CORP CL A 526057104 14,795 233,947 SH   SOLE 1,2,3 233,947 0 0
LKQ CORP COM 501889208 407 10,000 SH   SOLE 1,2,3 10,000 0 0
MICRON TECHNOLOGY INC COM 595112103 15,956 388,045 SH   SOLE 1,2,3 388,045 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 2,127 118,961 SH   SOLE 1,2,3 118,961 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 9,517 121,700 SH   SOLE 1,2,3 121,700 0 0
NRG ENERGY INC COM NEW 629377508 7,348 258,000 SH   SOLE 1,2,3 258,000 0 0
PATTERSON UTI ENERGY INC COM 703481101 32,365 1,406,573 SH   SOLE 1,2,3 1,406,573 0 0
PBF ENERGY INC CL A 69318G106 8,577 241,941 SH   SOLE 1,2,3 241,941 0 0
PEABODY ENERGY CORP NEW COM 704551100 22,302 566,481 SH   SOLE 1,2,3 566,481 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 15,201 450,000 SH   SOLE 1,2,3 450,000 0 0
RANGE RES CORP COM 75281A109 5,981 350,600 SH   SOLE 1,2,3 350,600 0 0
SILVER RUN ACQUISITION COM CL A 82812A103 11,228 1,132,961 SH   SOLE 1,2,3 1,132,961 0 0
SILVER RUN ACQUISITION UNIT 99/99/9999 82812A202 4,268 408,000 SH   SOLE 1,2,3 408,000 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 12,396 327,500 SH   SOLE 1,2,3 327,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 46,257 374,100 SH   SOLE 1,2,3 374,100 0 0
STARWOOD PPTY TR INC COM 85571B105 19,948 934,316 SH   SOLE 1,2,3 934,316 0 0
TRINITY INDS INC COM 896522109 4,570 122,000 SH   SOLE 1,2,3 122,000 0 0
TRONOX LTD SHS CL A Q9235V101 3,647 177,800 SH   SOLE 1,2,3 177,800 0 0
UNITED CONTL HLDGS INC COM 910047109 11,370 168,700 SH   SOLE 1,2,3 168,700 0 0
UNITED TECHNOLOGIES CORP COM 913017109 10,843 85,000 SH   SOLE 1,2,3 85,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 5,822 109,987 SH   SOLE 1,2,3 109,987 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 29,784 502,000 SH   SOLE 1,2,3 502,000 0 0
WPX ENERGY INC COM 98212B103 14,398 1,023,302 SH   SOLE 1,2,3 1,023,302 0 0
XPO LOGISTICS INC COM 983793100 2,679 29,246 SH   SOLE 1,2,3 29,246 0 0