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
58 COM INC SPON ADR REP A 31680Q104 72,367 1,334,946 SH   DFND 1,2 1,334,946 0 0
ADIENT PLC ORD SHS G0084W101 40,901 2,715,891 SH   DFND 1,2 2,715,891 0 0
ALLY FINL INC COM 02005N100 246,197 10,864,809 SH   DFND 1,2 10,864,809 0 0
ALPHABET INC CAP STK CL A 02079K305 248,863 238,156 SH   DFND 1,2 238,156 0 0
ALTICE USA INC CL A 02156K103 44,308 2,682,085 SH   DFND 1,2 2,682,085 0 0
ASCENDIS PHARMA A S SPONSORED ADR 04351P101 50,721 809,593 SH   DFND 1,2 809,593 0 0
ASCENDIS PHARMA A S SPONSORED ADR 04351P101 12,442 198,600 SH Call DFND 1,2 198,600 0 0
BAIDU INC SPON ADR REP A 056752108 202,597 1,277,409 SH   DFND 1,2 1,277,409 0 0
BARCLAYS BK PLC IPATH S&P MT ETN 06740Q260 26,682 1,201,885 SH   DFND 1,2 1,201,885 0 0
BMC STK HLDGS INC COM 05591B109 35,438 2,289,302 SH   DFND 1,2 2,289,302 0 0
BRUNSWICK CORP COM 117043109 102,713 2,211,257 SH   DFND 1,2 2,211,257 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 14,577 1,336,100 SH   DFND 1,2 1,336,100 0 0
CDK GLOBAL INC COM 12508E101 101,013 2,109,717 SH   DFND 1,2 2,109,717 0 0
CELESTICA INC SUB VTG SHS 15101Q108 11,968 1,364,648 SH   DFND 1,2 1,364,648 0 0
CIGNA CORP NEW COM 125523100 73,556 387,299 SH   DFND 1,2 387,299 0 0
CIT GROUP INC COM NEW 125581801 92,226 2,409,870 SH   DFND 1,2 2,409,870 0 0
CITIGROUP INC COM NEW 172967424 316,082 6,071,500 SH   DFND 1,2 6,071,500 0 0
COMCAST CORP NEW CL A 20030N101 202,553 5,948,698 SH   DFND 1,2 5,948,698 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 43,010 2,972,350 SH   DFND 1,2 2,972,350 0 0
D R HORTON INC COM 23331A109 35,596 1,027,000 SH   DFND 1,2 1,027,000 0 0
FACEBOOK INC CL A 30303M102 67,774 517,000 SH   DFND 1,2 517,000 0 0
FEDEX CORP COM 31428X106 152,166 943,200 SH   DFND 1,2 943,200 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 136,480 817,000 SH   DFND 1,2 817,000 0 0
HCA HEALTHCARE INC COM 40412C101 8,599 69,093 SH   DFND 1,2 69,093 0 0
KB HOME COM 48666K109 22,735 1,190,300 SH   DFND 1,2 1,190,300 0 0
LENNAR CORP CL A 526057104 11,197 286,000 SH   DFND 1,2 286,000 0 0
LITHIA MTRS INC CL A 536797103 58,711 769,169 SH   DFND 1,2 769,169 0 0
MASCO CORP COM 574599106 57,749 1,975,000 SH   DFND 1,2 1,975,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104 39,861 211,298 SH   DFND 1,2 211,298 0 0
ON SEMICONDUCTOR CORP COM 682189105 27,325 1,655,051 SH   DFND 1,2 1,655,051 0 0
PROSHARES TR II VIX MDTRM FUTR N 74347W338 26,251 981,700 SH   DFND 1,2 981,700 0 0
RLJ LODGING TR CUM CONV PFD A 74965L200 312 12,600 SH   DFND 1,2 12,600 0 0
SHUTTERFLY INC COM 82568P304 8,728 216,800 SH   DFND 1,2 216,800 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,978 32,810 SH   DFND 1,2 32,810 0 0
STATE STR CORP COM 857477103 63,146 1,001,208 SH   DFND 1,2 1,001,208 0 0
TOLL BROTHERS INC COM 889478103 24,877 755,443 SH   DFND 1,2 755,443 0 0
UNITED TECHNOLOGIES CORP COM 913017109 66,107 620,840 SH   DFND 1,2 620,840 0 0
VEREIT INC COM 92339V100 32,641 4,565,230 SH   DFND 1,2 4,565,230 0 0
WESTROCK CO COM 96145D105 131,143 3,473,062 SH   DFND 1,2 3,473,062 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 47,684 1,051,000 SH   DFND 1,2 1,051,000 0 0
YANDEX N V SHS CLASS A N97284108 47,079 1,721,349 SH   DFND 1,2 1,721,349 0 0
YY INC ADS REPCOM CLA 98426T106 24,798 414,270 SH   DFND 1,2 414,270 0 0