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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFFIRM HLDGS INC COM CL A 00827B106   1,284,289 28,029 SH   DFND 1 28,029 0 0
ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 01609WBG6   48,651,785 35,000,000 PRN   DFND 1 35,000,000 0 0
ALPHABET INC CAP STK CL A 02079K305   1,150,240 4,000 SH   DFND 1 4,000 0 0
AMAZON COM INC COM 023135106   5,206,750 25,000 SH   DFND 1 25,000 0 0
ANALOG DEVICES INC COM 032654105   1,113,490 3,500 SH   DFND 1 3,500 0 0
ARISTA NETWORKS INC COM SHS 040413205   4,174,520 34,000 SH   DFND 1 34,000 0 0
ASML HLDG NV N Y REGISTRY SHS N07059210   1,981,245 1,500 SH   DFND 1 1,500 0 0
BITDEER TECHNOLOGIES GROUP CL A ORD SHS G11448100   41,526,920 4,800,800 SH Call DFND 1 0 0 0
BOYD GAMING CORP COM 103304101   1,890,140 23,000 SH   DFND 1 23,000 0 0
BROADCOM INC COM 11135F101   6,809,220 22,000 SH   DFND 1 22,000 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   1,632,502 61,767 SH   DFND 1 61,767 0 0
CENTURI HOLDINGS INC COM SHS 155923105   8,003,540 274,000 SH Call DFND 1 0 0 0
CENTURI HOLDINGS INC COM SHS 155923105   18,100,678 619,674 SH   DFND 1 619,674 0 0
CHARTER COMMUNICATIONS INC CL A 16119P108   65,519,580 303,500 SH Put DFND 1 0 0 0
CNFINANCE HLDGS LTD SPONSORED ADS 18979T204   1,193,868 305,337 SH   DFND 1 305,337 0 0
COLOMBIER ACQUISITION CORP I UNIT 99/99/9999 G2284A129   1,217,487 119,596 SH   DFND 1 119,596 0 0
DUTCH BROS INC CL A 26701L100   2,127,720 42,000 SH   DFND 1 42,000 0 0
ELAUWIT CONNECTION INC COM 28417M109   88,950 15,000 SH   DFND 1 15,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101   13,260,000 2,000,000 SH Call DFND 1 0 0 0
HASBRO INC COM 418056107   936,000 10,000 SH   DFND 1 10,000 0 0
HOST HOTELS & RESORTS INC COM 44107P104   2,969,800 155,000 SH   DFND 1 155,000 0 0
HUDSON PACIFIC PROPERTIES IN COM 444097406   8,717,250 1,475,000 SH Call DFND 1 0 0 0
HUDSON PACIFIC PROPERTIES IN COM 444097406   595,350 100,736 SH   DFND 1 100,736 0 0
IDEA ACQUISITION CORP UNIT 01/06/2031 G4727U126   247,681 24,993 SH   DFND 1 24,993 0 0
INTEL CORP COM 458140100   6,619,500 150,000 SH   DFND 1 150,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101   2,423,900 10,000 SH   DFND 1 10,000 0 0
IPG PHOTONICS CORP COM 44980X109   716,188 6,250 SH   DFND 1 6,250 0 0
ISHARES TR 20 YR TR BD ETF 464287432   13,003,500 150,000 SH Call DFND 1 0 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   53,890,400 217,300 SH Put DFND 1 0 0 0
KARMAN HLDGS INC CALL 485924104   4,803,000 60,000 SH Put DFND 1 0 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109   6,903,000 20,000 SH Put DFND 1 0 0 0
LAM RESEARCH CORP COM NEW 512807306   2,350,260 11,000 SH   DFND 1 11,000 0 0
LAS VEGAS SANDS CORP COM 517834107   1,874,808 34,796 SH   DFND 1 34,796 0 0
LIBERTY MEDIA CORP DEL DEB 4.000%11/1 530715AG6   507,699 7,000,000 PRN   DFND 1 7,000,000 0 0
LIFE TIME GROUP HOLDINGS INC COMMON STOCK 53190C102   1,885,800 70,000 SH   DFND 1 70,000 0 0
LOCKHEED MARTIN CORP PUT 539830109   8,763,655 14,500 SH Put DFND 1 0 0 0
MASTEC INC COM 576323109   36,678,360 114,000 SH Put DFND 1 0 0 0
META PLATFORMS INC CL A 30303M102   2,717,618 4,750 SH   DFND 1 4,750 0 0
NAVIENT CORPORATION COM 63938C108   12,270,000 1,500,000 SH Call DFND 1 0 0 0
NEWELL BRANDS INC PUT 651229106   2,744,000 800,000 SH Call DFND 1 0 0 0
NIO INC NOTE 4.625%10/1 62914VAK2   4,070,610 4,000,000 PRN   DFND 1 4,000,000 0 0
NOKIA CORP SPONSORED ADR 654902204   1,728,600 215,000 SH   DFND 1 215,000 0 0
NORTHROP GRUMMAN CORP COM 666807102   8,869,120 13,000 SH Put DFND 1 0 0 0
OPTIMUM COMMUNICATIONS INC CL A 02156K103   3,073,099 2,363,922 SH   DFND 1 2,363,922 0 0
PENN ENTERTAINMENT INC COM 707569109   2,855,700 190,000 SH   DFND 1 190,000 0 0
PRIMO BRANDS CORPORATION CLASS A COM SHS 741623102   847,350 45,000 SH   DFND 1 45,000 0 0
PRIMORIS SVCS CORP COM 74164F103   2,174,208 15,200 SH Put DFND 1 0 0 0
QDRO ACQUISITION CORP UNIT 01/28/2031 G7310E128   992,000 100,000 SH   DFND 1 100,000 0 0
QUANTA SVCS INC PUT 74762E102   17,898,052 32,600 SH Put DFND 1 0 0 0
RED ROCK RESORTS INC CL A 75700L108   3,468,400 65,000 SH   DFND 1 65,000 0 0
ROGERS CORP COM 775133101   1,717,280 16,000 SH   DFND 1 16,000 0 0
RTX CORPORATION COM 75513E101   9,259,200 48,000 SH Put DFND 1 0 0 0
SEMTECH CORP COM 816850101   2,422,035 31,500 SH   DFND 1 31,500 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102   1,209,250 35,000 SH   DFND 1 35,000 0 0
TAKE-TWO INTERACTIVE SOFTWAR COM 874054109   4,345,000 22,000 SH   DFND 1 22,000 0 0
TRAVEL PLUS LEISURE CO COM 894164102   1,522,180 22,000 SH   DFND 1 22,000 0 0
TRIP COM GROUP LTD NOTE 0.750% 6/1 89677QAB3   10,379,377 10,000,000 PRN   DFND 1 10,000,000 0 0
VAIL RESORTS INC COM 91879Q109   2,181,440 17,000 SH   DFND 1 17,000 0 0
VIASAT INC COM 92552V100   18,320,000 400,000 SH Call DFND 1 0 0 0
VIASAT INC COM 92552V100   12,529,048 273,560 SH   DFND 1 273,560 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   3,330,430 41,000 SH   DFND 1 41,000 0 0