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
ATHENE HLDG LTD CL A G0684D107 44,880 1,100,000 SH   SOLE   1,100,000 0 0
CAESARS ENTMT CORP COM 127686103 2,607 300,000 SH   SOLE   300,000 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106 4,868 420,000 SH   SOLE   420,000 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 826 45,877 SH   SOLE   45,877 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 223,117 12,388,500 SH Call SOLE   12,388,500 0 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106 305 42,268 SH   SOLE   42,268 0 0
INTELSAT S A COM L5140P101 5,492 350,720 SH   SOLE   350,720 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 95,220 530,000 SH Put SOLE   530,000 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 4,578 420,000 SH   SOLE   420,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 43,235 500,000 SH Put SOLE   500,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 23,812 200,000 SH Put SOLE   200,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 27,898 650,000 SH Put SOLE   650,000 0 0
MR COOPER GROUP INC COM 62482R107 26,372 2,750,000 SH   SOLE   2,750,000 0 0
NORTHERN OIL & GAS INC NEV COM 665531109 1,644 600,000 SH   SOLE   600,000 0 0
PAMPA ENERGIA S A SPONS ADR LVL I 697660207 16,542 600,000 SH   SOLE   600,000 0 0
PDVWIRELESS INC COM 69290R104 1,055 30,000 SH   SOLE   30,000 0 0
PG&E CORP COM 69331C108 14,240 800,000 SH   SOLE   800,000 0 0
RED ROCK RESORTS INC CL A 75700L108 25,850 1,000,000 SH   SOLE   1,000,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3,857 150,000 SH Put SOLE   150,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 19 19,000 SH Put SOLE   19,000 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 1,934 250,000 SH Call SOLE   250,000 0 0
UNITI GROUP INC COM 91325V108 2,238 200,000 SH   SOLE   200,000 0 0
VICI PPTYS INC COM 925652109 5,470 250,000 SH   SOLE   250,000 0 0
VISTRA ENERGY CORP *W EXP 02/02/202 92840M128 487 225,000 SH   SOLE   225,000 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 1,401 100,000 SH   SOLE   100,000 0 0