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
APTIV PLC SHS G6095L109   4,879,919 52,399 SH   DFND 1,2 52,399 0 0
AUTOLIV INC COM 052800109   2,644,537 34,533 SH   DFND 1,2 34,533 0 0
AUTONATION INC COM 05329W102   1,931,400 18,000 SH   DFND 1,2 18,000 0 0
BORGWARNER INC COM 099724106   5,465,950 135,800 SH   DFND 1,2 135,800 0 0
GENERAL MTRS CO COM 37045V100   2,735,605 81,320 SH   DFND 1,2 81,320 0 0
GROUP 1 AUTOMOTIVE INC COM 398905109   2,021,587 11,208 SH   DFND 1,2 11,208 0 0
ISHARES GOLD TR ISHARES NEW 464285204   53,946,702 1,559,604 SH   DFND 1,2 1,559,604 0 0
ISHARES INC MSCI BRAZIL ETF 464286400   268,428 9,597 SH   DFND 1,2 9,597 0 0
KT CORP SPONSORED ADR 48268K101   5,153,679 381,754 SH   DFND 1,2 381,754 0 0
LEAR CORP COM NEW 521865204   5,098,586 41,111 SH   DFND 1,2 41,111 0 0
LITHIA MTRS INC COM 536797103   1,898,554 9,273 SH   DFND 1,2 9,273 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   57,364,500 150,000 SH Put DFND 1,2 150,000 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   1,694,465 59,123 SH   DFND 1,2 59,123 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   1,448,353 40,627 SH   DFND 1,2 40,627 0 0