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 28,908 730,000 SH   SOLE 1, 2 730,000 0 0
AIR LEASE CORP CL A 00912X302 3,021 100,000 SH   SOLE 1, 2 100,000 0 0
ALPHABET INC CAP STK CL C 02079K107 13,152 12,700 SH   SOLE 1, 2 12,700 0 0
ANTERO RES CORP COM 03674X106 1,127 120,000 SH   SOLE 1, 2 120,000 0 0
AVIS BUDGET GROUP COM 053774105 4,496 200,000 SH   SOLE 1, 2 200,000 0 0
BARRICK GOLD CORP COM 067901108 7,609 562,000 SH   SOLE 1, 2 562,000 0 0
BOEING CO COM 097023105 12,965 40,200 SH   SOLE 1, 2 40,200 0 0
CHEMOURS CO COM 163851108 1,975 70,000 SH   SOLE 1, 2 70,000 0 0
CIMAREX ENERGY CO COM 171798101 9,864 160,000 SH   SOLE 1, 2 160,000 0 0
CROWN HOLDINGS INC COM 228368106 10,393 250,000 SH   SOLE 1, 2 250,000 0 0
CVS HEALTH CORP COM 126650100 6,552 100,000 SH   SOLE 1, 2 100,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 30,938 620,000 SH   SOLE 1, 2 620,000 0 0
DXC TECHNOLOGY CO COM 23355L106 8,933 168,000 SH   SOLE 1, 2 168,000 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 7,181 330,000 SH   SOLE 1, 2 330,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,136 6,800 SH   SOLE 1, 2 6,800 0 0
GRAFTECH INTL LTD COM 384313508 8,803 769,457 SH   SOLE 1, 2 769,457 0 0
INTEL CORP COM 458140100 1,769 37,700 SH   SOLE 1, 2 37,700 0 0
ISHARES TR 20 YR TR BD ETF 464287432 4,860 40,000 SH   SOLE 1, 2 40,000 0 0
KINDER MORGAN INC DEL COM 49456B101 11,104 722,000 SH   SOLE 1, 2 722,000 0 0
KNIGHT SWIFT TRANSN HLDGS IN CL A 499049104 4,262 170,000 SH   SOLE 1, 2 170,000 0 0
LAM RESEARCH CORP COM 512807108 8,851 65,000 SH   SOLE 1, 2 65,000 0 0
MARATHON PETE CORP COM 56585A102 18,883 320,000 SH   SOLE 1, 2 320,000 0 0
MICRON TECHNOLOGY INC COM 595112103 1,961 61,792 SH   SOLE 1, 2 61,792 0 0
MR COOPER GROUP INC COM 62482R107 8,869 760,000 SH   SOLE 1, 2 760,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 1,445 101,661 SH   SOLE 1, 2 101,661 0 0
NEWFIELD EXPL CO COM 651290108 4,105 280,000 SH   SOLE 1, 2 280,000 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 20,446 260,000 SH   SOLE 1, 2 260,000 0 0
NOBLE ENERGY INC COM 655044105 750 40,000 SH   SOLE 1, 2 40,000 0 0
NRG ENERGY INC COM NEW 629377508 21,780 550,000 SH   SOLE 1, 2 550,000 0 0
PEABODY ENERGY CORP NEW COM 704551100 2,896 95,000 SH   SOLE 1, 2 95,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 36,981 305,000 SH   SOLE 1, 2 305,000 0 0
SPIRIT AIRLS INC COM 848577102 1,844 31,838 SH   SOLE 1, 2 31,838 0 0
STARWOOD PPTY TR INC COM 85571B105 17,568 891,334 SH   SOLE 1, 2 891,334 0 0
TIVITY HEALTH INC COM 88870R102 1,466 59,088 SH   SOLE 1, 2 59,088 0 0
UNITED CONTL HLDGS INC COM 910047109 6,657 79,500 SH   SOLE 1, 2 79,500 0 0
UNITED RENTALS INC COM 911363109 7,177 70,000 SH   SOLE 1, 2 70,000 0 0
WYNDHAM DESTINATIONS INC COM 98310W108 6,093 170,000 SH   SOLE 1, 2 170,000 0 0