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 62,665 968,097 SH   DFND 1,2 968,097 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 46,662 220,000 SH   DFND 1,2 220,000 0 0
ALLY FINL INC COM 02005N100 156,920 5,134,809 SH   DFND 1,2 5,134,809 0 0
ALPHABET INC CAP STK CL A 02079K305 193,648 144,579 SH   DFND 1,2 144,579 0 0
ALTICE USA INC CL A 02156K103 23,170 847,485 SH   DFND 1,2 847,485 0 0
ANGI HOMESERVICES INC COM CL A 00183L102 4,845 572,000 SH   DFND 1,2 572,000 0 0
ANTHEM INC COM 036752103 55,876 185,000 SH   DFND 1,2 185,000 0 0
ASCENDIS PHARMA A S SPONSORED ADR 04351P101 37,625 270,450 SH   DFND 1,2 270,450 0 0
ATHENE HLDG LTD CL A G0684D107 136,206 2,896,149 SH   DFND 1,2 2,896,149 0 0
BAIDU INC SPON ADR REP A 056752108 62,910 497,709 SH   DFND 1,2 497,709 0 0
BAUSCH HEALTH COS INC COM 071734107 20,206 675,345 SH   DFND 1,2 675,345 0 0
BMC STK HLDGS INC COM 05591B109 4,017 140,000 SH   DFND 1,2 140,000 0 0
BRUNSWICK CORP COM 117043109 172,026 2,868,059 SH   DFND 1,2 2,868,059 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 22,008 866,100 SH   DFND 1,2 866,100 0 0
CAPITAL ONE FINL CORP COM 14040H105 75,227 731,000 SH   DFND 1,2 731,000 0 0
CDK GLOBAL INC COM 12508E101 42,355 774,602 SH   DFND 1,2 774,602 0 0
CIGNA CORP NEW COM 125523100 244,650 1,196,392 SH   DFND 1,2 1,196,392 0 0
CIT GROUP INC COM NEW 125581801 146,665 3,214,217 SH   DFND 1,2 3,214,217 0 0
CITIGROUP INC COM NEW 172967424 190,258 2,381,500 SH   DFND 1,2 2,381,500 0 0
COMCAST CORP NEW CL A 20030N101 216,373 4,811,498 SH   DFND 1,2 4,811,498 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 71,545 3,500,235 SH   DFND 1,2 3,500,235 0 0
DELL TECHNOLOGIES INC CL C 24703L202 149,225 2,903,777 SH   DFND 1,2 2,903,777 0 0
DIAGEO P L C SPON ADR NEW 25243Q205 44,159 262,195 SH   DFND 1,2 262,195 0 0
FACEBOOK INC CL A 30303M102 159,497 777,085 SH   DFND 1,2 777,085 0 0
FEDEX CORP COM 31428X106 11,341 75,000 SH   DFND 1,2 75,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 134,279 584,000 SH   DFND 1,2 584,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 20,648 1,237,867 SH   DFND 1,2 1,237,867 0 0
KOHLS CORP COM 500255104 5,054 99,200 SH   DFND 1,2 99,200 0 0
MASCO CORP COM 574599106 16,557 345,000 SH   DFND 1,2 345,000 0 0
ON SEMICONDUCTOR CORP COM 682189105 28,648 1,175,051 SH   DFND 1,2 1,175,051 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 20,125 140,831 SH   DFND 1,2 140,831 0 0
TAILORED BRANDS INC COM 87403A107 2,405 581,000 SH   DFND 1,2 581,000 0 0
TRIPLE-S MGMT CORP CL B 896749108 32,710 1,769,066 SH   DFND 1,2 1,769,066 0 0
UNITED TECHNOLOGIES CORP COM 913017109 26,715 178,388 SH   DFND 1,2 178,388 0 0
VANECK VECTORS ETF TRUST GOLD MINERS ETF 92189F106 866 29,593 SH   DFND 1,2 29,593 0 0
WESTROCK CO COM 96145D105 49,933 1,163,672 SH   DFND 1,2 1,163,672 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 74,477 1,185,753 SH   DFND 1,2 1,185,753 0 0
YANDEX N V SHS CLASS A N97284108 63,772 1,466,349 SH   DFND 1,2 1,466,349 0 0
ZUMIEZ INC COM 989817101 2,587 74,900 SH   DFND 1,2 74,900 0 0