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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
ASBURY AUTOMOTIVE GROUP INC COM 043436104   2,545,937 10,673 SH   DFND 1,2 10,673 0 0
AUTOLIV INC COM 052800109   1,841,091 16,453 SH   DFND 1,2 16,453 0 0
BORGWARNER INC COM 099724106   3,059,101 91,371 SH   DFND 1,2 91,371 0 0
COSAN S A ADS 22113B103   1,626,469 322,073 SH   DFND 1,2 322,073 0 0
DANA INC COM 235825205   2,179,628 127,092 SH   DFND 1,2 127,092 0 0
ISHARES GOLD TR ISHARES NEW 464285204   97,256,905 1,559,604 SH   DFND 1,2 1,559,604 0 0
ISHARES INC MSCI BRAZIL ETF 464286400   2,152,123 74,597 SH   DFND 1,2 74,597 0 0
LITHIA MTRS INC COM 536797103   3,647,780 10,798 SH   DFND 1,2 10,798 0 0
MILLICOM INTL CELLULAR S A COM STK L6388F110   8,090,635 215,923 SH   DFND 1,2 215,923 0 0
PACCAR INC COM 693718108   1,486,833 15,641 SH   DFND 1,2 15,641 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   3,077,943 59,123 SH   DFND 1,2 59,123 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   2,745,979 40,627 SH   DFND 1,2 40,627 0 0
I-80 GOLD CORP COM 44955L106   1,795,200 3,000,000 SH   DFND 1,2 3,000,000 0 0