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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNC INVT CORP COM 00123Q104   5,065,000 500,000 SH   SOLE   500,000 0 0
AGNICO EAGLE MINES LTD COM 008474108   1,999,200 40,000 SH   SOLE   40,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   2,500,500 30,000 SH   SOLE   30,000 0 0
ASSURED GUARANTY LTD COM G0585R106   6,975,000 125,000 SH   SOLE   125,000 0 0
CHIMERA INVT CORP COM NEW 16934Q208   1,442,500 250,000 SH   SOLE   250,000 0 0
CIENA CORP COM NEW 171779309   1,699,600 40,000 SH   SOLE   40,000 0 0
CITIGROUP INC COM NEW 172967424   10,359,000 225,000 SH   SOLE   225,000 0 0
COHERENT CORP COM 19247G107   5,607,800 110,000 SH   SOLE   110,000 0 0
GENERAL MTRS CO COM 37045V100   4,820,000 125,000 SH   SOLE   125,000 0 0
GLOBAL PMTS INC COM 37940X102   1,970,400 20,000 SH   SOLE   20,000 0 0
KEYCORP COM 493267108   1,848,000 200,000 SH   SOLE   200,000 0 0
MARVELL TECHNOLOGY INC COM 573874104   597,800 10,000 SH   SOLE   10,000 0 0
MBIA INC COM 55262C100   1,296,000 150,000 SH   SOLE   150,000 0 0
META PLATFORMS INC CL A 30303M102   5,739,600 20,000 SH   SOLE   20,000 0 0
NEWMONT CORP COM 651639106   4,266,000 100,000 SH   SOLE   100,000 0 0
NOKIA CORP SPONSORED ADR 654902204   2,080,000 500,000 SH   SOLE   500,000 0 0
PAYPAL HLDGS INC COM 70450Y103   3,336,500 50,000 SH   SOLE   50,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104   9,050,118 721,700 SH   SOLE   721,700 0 0