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

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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
BAUSCH HEALTH COS INC COM 071734107 BBG001S7WDP0 38,700,000 6,000,000 SH   SOLE   6,000,000 0 0
CNX RES CORP COM 12653C108 BBG001SC7TN4 268,202,000 8,350,000 SH   SOLE   8,350,000 0 0
IVANHOE ELECTRIC INC COM 46578C108 BBG012WFRMH9 32,042,547 2,553,191 SH   SOLE   2,553,191 0 0
OCCIDENTAL PETE CORP *W EXP 08/03/2027 674599162   145,110,300 5,690,600 SH   SOLE   5,690,600 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 BBG00LMYX132 561,398,393 4,531,792 SH   SOLE   4,531,792 0 0
QXO INC COM NEW 82846H405 BBG001SCBW07 729,061,201 38,250,850 SH   SOLE   38,250,850 0 0
RXO INC COMMON STOCK 74982T103 BBG0160DYDC7 424,144,503 27,577,666 SH   SOLE   27,577,666 0 0
TALEN ENERGY CORP COM 87422Q109 BBG01GWQVW78 1,276,140,000 3,000,000 SH   SOLE   3,000,000 0 0
XPO INC COM 983793100 BBG001SJW3C0 1,476,957,451 11,425,369 SH   SOLE   11,425,369 0 0