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
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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
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 8,886 300,000 SH   SOLE   300,000 0 0
ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 10,881 180,002 SH   SOLE   180,002 0 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 7,137 1,633,182 SH   SOLE   1,633,182 0 0
BERRY GLOBAL GROUP INC COM 08579W103 16,443 300,000 SH   SOLE   300,000 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 18,848 950,000 SH   SOLE   950,000 0 0
CAI INTERNATIONAL INC COM 12477X106 6,098 286,848 SH   SOLE   286,848 0 0
CAREER EDUCATION CORP COM 141665109 13,140 1,000,000 SH   SOLE   1,000,000 0 0
PRECISION DRILLING CORP COM 2010 74022D308 10,422 3,762,600 SH   SOLE   3,762,600 0 0
PRETIUM RES INC NOTE 2.250% 3/1 74139CAB8 3,760 4,500,000 PRN   SOLE   4,500,000 0 0
XPO LOGISTICS INC COM 983793100 18,326 180,000 SH   SOLE   180,000 0 0
YAMANA GOLD INC COM 98462Y100 5,520 2,000,000 SH   SOLE   2,000,000 0 0
NABORS INDUSTRIES LTD SHS G6359F103 20,970 3,000,000 SH   SOLE   3,000,000 0 0
CONSTELLIUM NV CL A N22035104 13,834 1,275,000 SH   SOLE   1,275,000 0 0
SPDR S&P 500 ETF TR PUT 78462F953 65,788 2,500 SH Put SOLE   2,500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 45,549 3,000 SH Put SOLE   3,000 0 0
POWERSHARES QQQ TRUST PUT 73935A954 40,033 2,500 SH Put SOLE   2,500 0 0
UNITED STATES STL CORP NEW CALL 912909908 5,279 1,500 SH Call SOLE   1,500 0 0