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
ADIENT PLC ORD SHS G0084W101 973 13,395 SH   DFND 1 0 13,395 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 995 53,000 SH   DFND 1 0 53,000 0
ANADARKO PETE CORP COM 032511107 3,278 52,866 SH   DFND 1 0 52,866 0
ANADARKO PETE CORP COM 032511107 6,200 100,000 SH Call DFND 1 0 100,000 0
ANTERO RES CORP COM 03674X106 3,610 158,255 SH   DFND 1 0 158,255 0
ASHLAND GLOBAL HLDGS INC COM 044186104 19,130 154,510 SH   DFND 1 0 154,510 0
ATHENE HLDG LTD CL A G0684D107 6,154 123,100 SH   DFND 1 0 123,100 0
BANC OF CALIFORNIA INC COM 05990K106 16,560 800,000 SH Put DFND 1 0 800,000 0
BANK AMER CORP COM 060505104 15,672 664,329 SH   DFND 1 0 664,329 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 6,285 188,408 SH   DFND 1 0 188,408 0
BLUE BUFFALO PET PRODS INC COM 09531U102 2,070 90,000 SH   DFND 1 0 90,000 0
CITIGROUP INC COM NEW 172967424 10,247 171,295 SH   DFND 1 0 171,295 0
CITIZENS FINL GROUP INC COM 174610105 7,929 229,500 SH   DFND 1 0 229,500 0
COLGATE PALMOLIVE CO COM 194162103 1,940 26,500 SH Call DFND 1 0 26,500 0
COTY INC COM CL A 222070203 2,266 125,000 SH   DFND 1 0 125,000 0
DELTA AIR LINES INC DEL COM NEW 247361702 9,137 198,809 SH   DFND 1 0 198,809 0
DYNEGY INC NEW DEL COM 26817R108 3,226 410,442 SH   DFND 1 0 410,442 0
E TRADE FINANCIAL CORP COM NEW 269246401 8,370 239,900 SH   DFND 1 0 239,900 0
EAGLE MATERIALS INC COM 26969P108 1,649 16,980 SH   DFND 1 0 16,980 0
EDGEWELL PERS CARE CO COM 28035Q102 2,560 35,000 SH   DFND 1 0 35,000 0
FIESTA RESTAURANT GROUP INC COM 31660B101 5,830 240,912 SH   DFND 1 0 240,912 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,468 212,000 SH   DFND 1 0 212,000 0
GASLOG LTD SHS G37585109 3,875 252,446 SH   DFND 1 0 252,446 0
GCP APPLIED TECHNOLOGIES INC COM 36164Y101 9,280 284,212 SH   DFND 1 0 284,212 0
GENERAL MLS INC COM 370334104 1,357 23,000 SH Call DFND 1 0 23,000 0
GNC HLDGS INC COM CL A 36191G107 552 75,000 SH   DFND 1 0 75,000 0
GOLAR LNG LTD BERMUDA SHS G9456A100 11,380 407,433 SH   DFND 1 0 407,433 0
GRACE W R & CO DEL NEW COM 38388F108 29,280 420,029 SH   DFND 1 0 420,029 0
GRACE W R & CO DEL NEW COM 38388F108 20,913 300,000 SH Call DFND 1 0 300,000 0
GRUPO SUPERVIELLE S A SPONSORED ADR 40054A108 3,266 192,100 SH   DFND 1 0 192,100 0
HARTFORD FINL SVCS GROUP INC COM 416515104 15,204 316,288 SH   DFND 1 0 316,288 0
HERTZ GLOBAL HLDGS INC COM 42806J106 956 54,500 SH   DFND 1 0 54,500 0
HESS CORP COM 42809H107 5,171 107,268 SH   DFND 1 0 107,268 0
KEANE GROUP INC COM 48669A108 5,539 387,311 SH   DFND 1 0 387,311 0
KELLOGG CO COM 487836108 1,017 14,000 SH Call DFND 1 0 14,000 0
KEYCORP NEW COM 493267108 10,949 615,800 SH   DFND 1 0 615,800 0
KOHLS CORP COM 500255104 975 24,500 SH Call DFND 1 0 24,500 0
KOSMOS ENERGY LTD SHS G5315B107 8,963 1,345,733 SH   DFND 1 0 1,345,733 0
KRAFT HEINZ CO COM 500754106 6,357 70,000 SH   DFND 1 0 70,000 0
LINCOLN NATL CORP IND COM 534187109 8,613 131,600 SH   DFND 1 0 131,600 0
MAGNA INTL INC COM 559222401 1,433 33,200 SH   DFND 1 0 33,200 0
MAMMOTH ENERGY SVCS INC COM 56155L108 1,209 56,223 SH   DFND 1 0 56,223 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 14,287 232,684 SH   DFND 1 0 232,684 0
MOLSON COORS BREWING CO CL B 60871R209 3,835 40,070 SH   DFND 1 0 40,070 0
MONDELEZ INTL INC CL A 609207105 1,292 30,000 SH   DFND 1 0 30,000 0
NABORS INDUSTRIES LTD SHS G6359F103 5,487 419,827 SH   DFND 1 0 419,827 0
NASDAQ INC COM 631103108 1,945 28,000 SH   DFND 1 0 28,000 0
NEWELL BRANDS INC COM 651229106 2,830 60,000 SH   DFND 1 0 60,000 0
ORBITAL ATK INC COM 68557N103 5,328 54,371 SH   DFND 1 0 54,371 0
OWENS CORNING NEW COM 690742101 1,006 16,400 SH   DFND 1 0 16,400 0
PACCAR INC COM 693718108 1,137 16,920 SH   DFND 1 0 16,920 0
PARSLEY ENERGY INC CL A 701877102 8,002 246,154 SH   DFND 1 0 246,154 0
PHILIP MORRIS INTL INC COM 718172109 1,694 15,000 SH Put DFND 1 0 15,000 0
POPULAR INC COM NEW 733174700 36,914 906,306 SH   DFND 1 0 906,306 0
POST HLDGS INC COM 737446104 4,376 50,000 SH   DFND 1 0 50,000 0
PRECISION DRILLING CORP COM 2010 74022D308 7,078 1,499,679 SH   DFND 1 0 1,499,679 0
PROPETRO HLDG CORP COM 74347M108 193 15,000 SH   DFND 1 0 15,000 0
QUALITY CARE PPTYS INC COM 747545101 3,636 192,764 SH   DFND 1 0 192,764 0
S&P GLOBAL INC COM 78409V104 5,988 45,800 SH   DFND 1 0 45,800 0
SLM CORP COM 78442P106 8,127 671,629 SH   DFND 1 0 671,629 0
SYNCHRONY FINL COM 87165B103 11,321 330,050 SH   DFND 1 0 330,050 0
TARGET CORP COM 87612E106 1,242 22,500 SH Call DFND 1 0 22,500 0
U S SILICA HLDGS INC COM 90346E103 7,860 163,791 SH   DFND 1 0 163,791 0
UNITED CONTL HLDGS INC COM 910047109 9,536 135,000 SH   DFND 1 0 135,000 0
WEATHERFORD INTL PLC ORD SHS G48833100 13,440 2,020,997 SH   DFND 1 0 2,020,997 0
WELLS FARGO & CO NEW COM 949746101 11,950 214,700 SH   DFND 1 0 214,700 0