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
ALLY FINL INC COM 02005N100 2,768 82,600 SH   DFND 1 0 82,600 0
ALTRIA GROUP INC COM 02209S103 2,730 65,359 SH   DFND 1 0 65,359 0
AMERICAN EXPRESS CO COM 025816109 8,996 64,900 SH   DFND 1 0 64,900 0
AMERICAN INTL GROUP INC COM NEW 026874784 13,975 273,332 SH   DFND 1 0 273,332 0
AUTOLIV INC COM 052800109 13,713 191,600 SH   DFND 1 0 191,600 0
BAKER HUGHES COMPANY CL A 05722G100 707 24,500 SH   DFND 1 0 24,500 0
BK OF AMERICA CORP COM 060505104 15,624 501,900 SH   DFND 1 0 501,900 0
BP PLC SPONSORED ADR 055622104 734 25,900 SH   DFND 1 0 25,900 0
CENOVUS ENERGY INC COM 15135U109 8 400 SH   DFND 1 0 400 0
CHUBB LIMITED COM H1467J104 20,857 106,100 SH   DFND 1 0 106,100 0
CITIZENS FINL GROUP INC COM 174610105 4,083 114,400 SH   DFND 1 0 114,400 0
CME GROUP INC COM 12572Q105 6,530 31,900 SH   DFND 1 0 31,900 0
COCA-COLA EUROPACIFIC PARTNE SHS G25839104 7,388 143,142 SH   DFND 1 0 143,142 0
COMERICA INC COM 200340107 17,817 242,800 SH   DFND 1 0 242,800 0
CONOCOPHILLIPS COM 20825C104 754 8,400 SH   DFND 1 0 8,400 0
DARLING INGREDIENTS INC COM 237266101 897 15,000 SH   DFND 1 0 15,000 0
ENETI INC COM Y2294C107 2,231 363,347 SH   DFND 1 0 363,347 0
EXXON MOBIL CORP COM 30231G102 565 6,600 SH   DFND 1 0 6,600 0
FACTSET RESH SYS INC COM 303075105 9,037 23,500 SH   DFND 1 0 23,500 0
FIDELITY NATL INFORMATION SV COM 31620M106 6,279 68,500 SH   DFND 1 0 68,500 0
FIFTH THIRD BANCORP COM 316773100 11,676 347,500 SH   DFND 1 0 347,500 0
GLOBAL PMTS INC COM 37940X102 4,370 39,500 SH   DFND 1 0 39,500 0
GOLDMAN SACHS GROUP INC COM 38141G104 3,950 13,300 SH   DFND 1 0 13,300 0
INVESCO DB MULTI-SECTOR COMM AGRICULTURE FD 46140H106 20,380 1,000,000 SH Call DFND 1 0 1,000,000 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508 20,270 1,000,000 SH Put DFND 1 0 1,000,000 0
INVESCO QQQ TR UNIT SER 1 46090E103 42,042 150,000 SH Put DFND 1 0 150,000 0
ISHARES SILVER TR ISHARES 46428Q109 9,320 500,000 SH Call DFND 1 0 500,000 0
KRANESHARES TR CSI CHI INTERNET 500767306 3,879 118,400 SH   DFND 1 0 118,400 0
LAUDER ESTEE COS INC CL A 518439104 13,666 53,661 SH   DFND 1 0 53,661 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 2,505 118,989 SH   DFND 1 0 118,989 0
LPL FINL HLDGS INC COM 50212V100 7,135 38,676 SH   DFND 1 0 38,676 0
M & T BK CORP COM 55261F104 16,098 101,000 SH   DFND 1 0 101,000 0
METLIFE INC COM 59156R108 9,745 155,200 SH   DFND 1 0 155,200 0
MONSTER BEVERAGE CORP NEW COM 61174X109 8,575 92,500 SH   DFND 1 0 92,500 0
MORGAN STANLEY COM NEW 617446448 6,321 83,100 SH   DFND 1 0 83,100 0
NIKE INC CL B 654106103 2,171 21,242 SH   DFND 1 0 21,242 0
PETCO HEALTH & WELLNESS CO I COM 71601V105 3,601 244,326 SH   DFND 1 0 244,326 0
RAYMOND JAMES FINL INC COM 754730109 5,069 56,694 SH   DFND 1 0 56,694 0
ROLLINS INC COM 775711104 8,475 242,700 SH   DFND 1 0 242,700 0
S&P GLOBAL INC COM 78409V104 10,247 30,400 SH   DFND 1 0 30,400 0
SCHWAB CHARLES CORP COM 808513105 18,960 300,100 SH   DFND 1 0 300,100 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 451 6,300 SH   DFND 1 0 6,300 0
SPDR SER TR S&P HOMEBUILD 78464A888 21,884 400,000 SH Put DFND 1 0 400,000 0
T-MOBILE US INC COM 872590104 17,504 130,103 SH   DFND 1 0 130,103 0
TENARIS S A SPONSORED ADS 88031M109 915 35,600 SH   DFND 1 0 35,600 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 40,166 1,467,000 SH Call DFND 1 0 1,467,000 0
WELLS FARGO CO NEW COM 949746101 27,443 700,600 SH   DFND 1 0 700,600 0