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
ALIGHT INC COM CL A 01626W101 32,852 3,301,707 SH   DFND 1,2,3 3,301,707 0 0
ATI PHYSICAL THERAPY INC COM CL A 00216W109 15,491 8,239,642 SH   DFND 1,2,3 8,239,642 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 3,101 28,500 SH   DFND 1,2,3 28,500 0 0
BRAEMAR HOTELS & RESORTS INC COM 10482B101 9,263 1,498,937 SH   DFND 1,2,3 1,498,937 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700 4,019,239 181,455,469 SH   DFND 1,2,3,4,5,6,7 181,455,469 0 0
ISHARES TR IBOXX HI YD ETF 464288513 205,750 2,500,000 SH Put DFND 1,2,3 2,500,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 410,420 2,000,000 SH Put DFND 1,2,3 2,000,000 0 0
META PLATFORMS INC CL A 30303M102 5,559 25,000 SH   DFND 1,2,3 25,000 0 0
PG&E CORP COM 69331C108 72,520 6,073,679 SH   DFND 1,2,3 6,073,679 0 0
SABRE CORP COM 78573M104 37,148 3,250,000 SH Call DFND 1,2,3 3,250,000 0 0
SABRE CORP COM 78573M104 76,810 6,720,024 SH   DFND 1,2,3 6,720,024 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 3,477,628 7,700,000 SH Put DFND 1,2,3 7,700,000 0 0
TRIP COM GROUP LTD ADS 89677Q107 80,920 3,500,000 SH Call DFND 1,2,3 3,500,000 0 0
UBER TECHNOLOGIES INC COM 90353T100 1,784 50,000 SH Call DFND 1,2,3 50,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 38,215 500,000 SH Put DFND 1,2,3 500,000 0 0