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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AECOM COM 00766T100 BBG000F61RJ8 869,405 10,250 SH   DFND   10,250 0 0
AMERICAN ELEC PWR CO INC COM 025537101 BBG000BB9KF2 1,114,180 8,500 SH   DFND   8,500 0 0
BELDEN INC COM 077454106 BBG000Q4XNV1 1,165,525 10,150 SH   DFND   10,150 0 0
BWX TECHNOLOGIES INC COM 05605H100 BBG000D86F25 531,674 2,600 SH   DFND   2,600 0 0
CASELLA WASTE SYS INC CL A 147448104 BBG000BT0J38 654,555 8,250 SH   DFND   8,250 0 0
CLEAN HARBORS INC COM 184496107 BBG000BFRRX8 1,146,920 4,000 SH   DFND   4,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109 BBG014KFRNP7 1,326,438 4,750 SH   DFND   4,750 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 BBG000BHGDH5 1,126,084 8,600 SH   DFND   8,600 0 0
DYCOM INDS INC COM 267475101 BBG000C4SKT1 1,287,516 3,800 SH   DFND   3,800 0 0
EATON CORP PLC SHS G29183103 BBG000BJ3PD2 1,716,816 4,800 SH   DFND   4,800 0 0
EMCOR GROUP INC COM 29084Q100 BBG000BBRPL4 922,888 1,250 SH   DFND   1,250 0 0
EMERSON ELEC CO COM 291011104 BBG000BHX7N2 720,610 5,500 SH   DFND   5,500 0 0
EVERUS CONSTR GROUP COM 300426103 BBG01M600X00 1,239,630 10,500 SH   DFND   10,500 0 0
FIRST SOLAR INC COM 336433107 BBG000BFL116 887,670 4,500 SH   DFND   4,500 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 BBG000BP5YT0 1,407,390 21,500 SH   DFND   21,500 0 0
FORGENT POWER SOLUTIONS INC COM SHS CL A 34631F102 BBG01ZJ9DR98 1,317,150 45,000 SH   DFND   45,000 0 0
FRANKLIN ELEC INC COM 353514102 BBG000BJGGV8 811,096 8,800 SH   DFND   8,800 0 0
GE VERNOVA INC COM 36828A101 BBG013G17W31 3,011,505 3,450 SH   DFND   3,450 0 0
HUBBELL INC COM 443510607 BBG000BLK267 1,226,850 2,500 SH   DFND   2,500 0 0
MASTEC INC COM 576323109 BBG000DYXD23 1,126,090 3,500 SH   DFND   3,500 0 0
MYR GROUP INC COM 55405W104 BBG000BC7VW9 846,960 3,000 SH   DFND   3,000 0 0
NEXTERA ENERGY INC COM 65339F101 BBG000BJSBJ0 1,221,372 13,150 SH   DFND   13,150 0 0
NEXTPOWER INC CLASS A COM 65290E101 BBG00835TPZ2 1,386,325 11,500 SH   DFND   11,500 0 0
NVENT ELEC PLC SHS G6700G107 BBG00GNT7999 1,360,220 11,500 SH   DFND   11,500 0 0
ONEOK INC NEW COM 682680103 BBG000BQHGR6 723,120 8,000 SH   DFND   8,000 0 0
POWELL INDS INC COM 739128106 BBG000BRGWN4 1,028,052 1,900 SH   DFND   1,900 0 0
PRIMORIS SVCS CORP COM 74164F103 BBG000BBLPH5 1,416,096 9,900 SH   DFND   9,900 0 0
QUANTA SVCS INC COM 74762E102 BBG000BBL8V7 1,866,668 3,400 SH   DFND   3,400 0 0
REPUBLIC SVCS INC COM 760759100 BBG000BPXVJ6 1,051,296 4,800 SH   DFND   4,800 0 0
RITHM ACQUISITION CORP UNIT 99/99/9999 G75751126   7,002,600 660,000 SH   DFND   660,000 0 0
RITHM PPTY TR INC 9.875 FXD-FLT C 38983D862   9,958,000 400,000 SH   SOLE   400,000 0 0
RITHM PPTY TR INC COM NEW SHS 38983D854   6,374,068 476,032 SH   SOLE   476,032 0 0
RITHM PPTY TR INC COM NEW SHS 38983D854   2,401,055 179,317 SH   DFND   179,317 0 0
SOUTHERN CO COM 842587107 BBG000BT9DW0 1,109,980 11,500 SH   DFND   11,500 0 0
STERLING INFRASTRUCTURE INC COM 859241101 BBG000JD6TN5 1,058,902 2,600 SH   DFND   2,600 0 0
TARGA RES CORP COM 87612G101 BBG0015XMW40 626,825 2,500 SH   DFND   2,500 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 BBG00L2B8KW8 2,004,640 8,000 SH   DFND   8,000 0 0
WASTE CONNECTIONS INC COM 94106B101 BBG000FLHZZ2 990,884 6,100 SH   DFND   6,100 0 0
WASTE MGMT INC DEL COM 94106L109 BBG000BWVSR1 1,332,782 5,800 SH   DFND   5,800 0 0