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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLISON TRANSMISSION HLDGS I COM 01973R101 52,947 1,561,844 SH   DFND 1,2,3 1,561,844 0 0
BLACKHAWK NETWORK HLDGS INC CL B 09238E203 25,581 678,723 SH   DFND 1,2,3 678,723 0 0
BOYD GAMING CORP COM 103304101 49,770 3,894,355 SH   DFND 1,2,3 3,894,355 0 0
CALPINE CORP COM NEW 131347304 71,768 3,243,029 SH   DFND 1,2,3 3,243,029 0 0
CHESAPEAKE ENERGY CORP COM 165167107 47,186 2,411,152 SH   DFND 1,2,3 2,411,152 0 0
CRESUD SA COMERCIAL *W EXP 05/22/201 P3311R192 9 909,569 SH   DFND 1,2,3 909,569 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 45,055 1,535,624 SH   DFND 1,2,3 1,535,624 0 0
HERCULES OFFSHORE INC COM 427093109 6,181 6,181,177 SH   DFND 1,2,3 6,181,177 0 0
ISLE OF CAPRI CASINOS INC COM 464592104 9,140 1,092,024 SH   DFND 1,2,3 1,092,024 0 0
LEIDOS HLDGS INC COM 525327102 22,727 522,217 SH   DFND 1,2,3 522,217 0 0
NEWFIELD EXPL CO COM 651290108 35,940 1,325,225 SH   DFND 1,2,3 1,325,225 0 0
PBF ENERGY INC CL A 69318G106 59,664 2,239,635 SH   DFND 1,2,3 2,239,635 0 0
PENN NATL GAMING INC COM 707569109 20,279 1,477,014 SH   DFND 1,2,3 1,477,014 0 0
REALOGY HLDGS CORP COM 75605Y106 71,370 1,604,176 SH   DFND 1,2,3 1,604,176 0 0
SCIENCE APPLICATNS INTL CP N COM 808625107 25,249 509,773 SH   DFND 1,2,3 509,773 0 0
TITAN INTL INC ILL COM 88830M102 33,121 3,115,764 SH   DFND 1,2,3 3,115,764 0 0
WEIGHT WATCHERS INTL INC NEW COM 948626106 5,841 235,165 SH   DFND 1,2,3 235,165 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 9,379 114,300 SH Call DFND 1,2,3 114,300 0 0