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
AK STL HLDG CORP COM 001547108 13,216 5,900,000 SH Call SOLE   5,900,000 0 0
AXALTA COATING SYS LTD COM G0750C108 9,783 367,081 SH   SOLE   367,081 0 0
CABOT OIL & GAS CORP COM 127097103 2,662 150,456 SH   SOLE   150,456 0 0
CALPINE CORP COM NEW 131347304 17,076 1,180,126 SH   SOLE   1,180,126 0 0
CF INDS HLDGS INC COM 125269100 5,350 131,101 SH   SOLE   131,101 0 0
CHESAPEAKE ENERGY CORP COM 165167107 2,750 611,170 SH   SOLE   611,170 0 0
DOMINION DIAMOND CORP COM 257287102 558 54,524 SH   SOLE   54,524 0 0
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 113 240,752 SH   SOLE   240,752 0 0
DYNEGY INC NEW DEL COM 26817R108 10,380 774,600 SH   SOLE   774,600 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 8,046 356,164 SH   SOLE   356,164 0 0
MARATHON PETE CORP COM 56585A102 12,599 243,032 SH   SOLE   243,032 0 0
NRG ENERGY INC COM NEW 629377508 4,865 413,355 SH   SOLE   413,355 0 0
PBF ENERGY INC CL A 69318G106 8,098 219,987 SH   SOLE   219,987 0 0
RANGE RES CORP COM 75281A109 4,004 162,688 SH   SOLE   162,688 0 0
STEEL DYNAMICS INC COM 858119100 11,502 643,636 SH   SOLE   643,636 0 0
SUNEDISON SEMICONDUCTOR LTD SHS Y8213L102 793 101,185 SH   SOLE   101,185 0 0
TESORO CORP COM 881609101 11,404 108,225 SH   SOLE   108,225 0 0
UNITED STATES STL CORP NEW COM 912909108 7,182 900,000 SH Put SOLE   900,000 0 0
VALE S A ADR 91912E105 4,045 1,229,478 SH   SOLE   1,229,478 0 0
WESTROCK CO COM 96145D105 4,564 100,033 SH   SOLE   100,033 0 0