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

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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
AIR LEASE CORP CL A 00912X302   31,825,000 500,000 SH   DFND 1 500,000 0 0
AMC ENTMT HLDGS INC CL A NEW 00165C302   725,000 250,000 SH   DFND 1 250,000 0 0
ANTERO RESOURCES CORP COM 03674X106   10,739,200 320,000 SH   DFND 1 320,000 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   11,994,300 90,000 SH   DFND 1 90,000 0 0
APTIV PLC COM SHS G3265R107   4,311,000 50,000 SH   DFND 1 50,000 0 0
BLACKSTONE INC COM 09260D107   1,708,500 10,000 SH   DFND 1 10,000 0 0
BRIGHTHOUSE FINL INC COM 10922N103   1,327,000 25,000 SH   DFND 1 25,000 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305   6,381,600 120,000 SH   DFND 1 120,000 0 0
CAPITAL ONE FINL CORP COM 14040H105   17,006,400 80,000 SH   DFND 1 80,000 0 0
CROWN HLDGS INC COM 228368106   2,897,700 30,000 SH   DFND 1 30,000 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700   4,487,320 659,900 SH   DFND 1 659,900 0 0
MGM RESORTS INTERNATIONAL COM 552953101   2,079,600 60,000 SH   DFND 1 60,000 0 0
MOLINA HEALTHCARE INC COM 60855R100   22,006,400 115,000 SH   DFND 1 115,000 0 0
MR COOPER GROUP INC COM 62482R107   2,951,060 14,000 SH   DFND 1 14,000 0 0
NORFOLK SOUTHN CORP COM 655844108   27,036,900 90,000 SH   DFND 1 90,000 0 0
SABLE OFFSHORE CORP COM SHS 78574H104   349,200 20,000 SH   DFND 1 20,000 0 0
SPDR GOLD TR GOLD SHS 78463V107   28,437,600 80,000 SH   DFND 1 80,000 0 0
TOLL BROTHERS INC COM 889478103   9,669,800 70,000 SH   DFND 1 70,000 0 0
UNITED AIRLS HLDGS INC COM 910047109   14,475,000 150,000 SH   DFND 1 150,000 0 0
VISTRA CORP COM 92840M102   9,796,000 50,000 SH   DFND 1 50,000 0 0
WESTERN DIGITAL CORP COM 958102105   6,603,300 55,000 SH   DFND 1 55,000 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200   770,500 10,000 SH   DFND 1 10,000 0 0