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
ALLISON TRANSMISSION HLDGS I COM 01973R101 41,660 1,304,307 SH   DFND 1,2,3 1,304,307 0 0
BOYD GAMING CORP COM 103304101 46,194 3,253,080 SH   DFND 1,2,3 3,253,080 0 0
CALPINE CORP COM NEW 131347304 57,722 2,523,925 SH   DFND 1,2,3 2,523,925 0 0
CRESUD SA COMERCIAL *W EXP 05/22/201 P3311R192 19 909,569 SH   DFND 1,2,3 909,569 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 56,334 1,527,915 SH   DFND 1,2,3 1,527,915 0 0
ISLE OF CAPRI CASINOS INC COM 464592104 2,202 156,723 SH   DFND 1,2,3 156,723 0 0
KOHLS CORP COM 500255104 28,796 368,000 SH   DFND 1,2,3 368,000 0 0
MELCO CROWN ENTMT LTD ADR 585464100 33,230 1,548,464 SH   DFND 1,2,3 1,548,464 0 0
PBF ENERGY INC CL A 69318G106 59,455 1,752,794 SH   DFND 1,2,3 1,752,794 0 0
PENN NATL GAMING INC COM 707569109 22,710 1,450,174 SH   DFND 1,2,3 1,450,174 0 0
REALOGY HLDGS CORP COM 75605Y106 60,939 1,339,899 SH   DFND 1,2,3 1,339,899 0 0
TITAN INTL INC ILL COM 88830M102 21,061 2,250,072 SH   DFND 1,2,3 2,250,072 0 0