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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APA CORPORATION COM 03743Q108 113,658 2,750,000 SH   DFND 01,02 0 2,750,000 0
AT&T INC COM 00206R102 118,150 5,000,000 SH   DFND 01,02 0 5,000,000 0
CITRIX SYS INC COM 177376100 121,080 1,200,000 SH   DFND 01,02 0 1,200,000 0
CORMEDIX INC COM 21900C308 8,497 1,550,523 SH   DFND 01,02 0 1,550,523 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201 2,353 330,000 SH   DFND 01,02 0 330,000 0
DIGITAL RLTY TR INC COM 253868103 120,530 850,000 SH Put DFND 01,02 0 850,000 0
E2OPEN PARENT HOLDINGS INC COM CL A 29788T103 142,416 16,165,321 SH   DFND 01,02 0 16,165,321 0
EQUINIX INC COM 29444U700 92,703 125,000 SH Put DFND 01,02 0 125,000 0
EVERGY INC COM 30034W106 153,407 2,244,765 SH   DFND 01,02 0 2,244,765 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 28,072 185,000 SH Put DFND 01,02 0 185,000 0
HOWMET AEROSPACE INC COM 443201108 1,475,876 41,065,000 SH   DFND 01,02 0 41,065,000 0
INVESCO QQQ TR UNIT SER 1 46090E103 868,066 2,394,400 SH Put DFND 01,02 0 2,394,400 0
INVESCO QQQ TR UNIT SER 1 46090E103 543,810 1,500,000 SH Call DFND 01,02 0 1,500,000 0
ISHARES TR IBOXX HI YD ETF 464288513 164,580 2,000,000 SH Put DFND 01,02 0 2,000,000 0
ISHARES TR IBOXX INV CP ETF 464287242 260,021 2,150,000 SH Put DFND 01,02 0 2,150,000 0
ISHARES TR U.S. REAL ES ETF 464287739 432,880 4,000,000 SH Put DFND 01,02 0 4,000,000 0
MARATHON PETE CORP COM 56585A102 946,058 11,065,000 SH   DFND 01,02 0 11,065,000 0
MARRIOTT INTL INC NEW CL A 571903202 25,484 145,000 SH Put DFND 01,02 0 145,000 0
MERCADOLIBRE INC NOTE 2.000% 8/1 58733RAD4 11,064 4,000,000 PRN   DFND 01,02 0 4,000,000 0
MICROSTRATEGY INC NOTE 0.750%12/1 594972AC5 16,655 12,000,000 PRN   DFND 01,02 0 12,000,000 0
MICROSTRATEGY INC NOTE 2/1 594972AE1 3,617 5,000,000 PRN   DFND 01,02 0 5,000,000 0
NIELSEN HLDGS PLC SHS EUR G6518L108 452,184 16,600,000 SH   DFND 01,02 0 16,600,000 0
NOBLE CORP NEW SHS G6610J209 91,270 2,603,982 SH   DFND 01,02 0 2,603,982 0
PEABODY ENGR CORP COM 704551100 634,345 25,859,970 SH   DFND 01,02 0 25,859,970 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 367 5,000 SH   DFND 01,02 0 5,000 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 402,457 5,265,000 SH Put DFND 01,02 0 5,265,000 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 95,800 2,500,000 SH Put DFND 01,02 0 2,500,000 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 216,287 2,850,000 SH Put DFND 01,02 0 2,850,000 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 160,265 1,169,900 SH Put DFND 01,02 0 1,169,900 0
SPDR SER TR S&P BIOTECH 78464A870 43,556 484,600 SH Call DFND 01,02 0 484,600 0
SPDR SER TR S&P OILGAS EXP 78468R556 336,375 2,500,000 SH Put DFND 01,02 0 2,500,000 0
SPDR SER TR S&P RETAIL ETF 78464A714 264,390 3,500,000 SH Put DFND 01,02 0 3,500,000 0
SUNCOR ENERGY INC NEW COM 867224107 326,135 10,000,000 SH   DFND 01,02 0 10,000,000 0
SWITCH INC CL A 87105L104 178,294 5,785,000 SH   DFND 01,02 0 5,785,000 0
TESLA INC NOTE 2.000% 5/1 88160RAG6 43,411 2,500,000 PRN   DFND 01,02 0 2,500,000 0
TWITTER INC COM 90184L102 386,900 10,000,000 SH   DFND 01,02 0 10,000,000 0
TWITTER INC NOTE 3/1 90184LAN2 42,346 50,000,000 PRN   DFND 01,02 0 50,000,000 0
TWITTER INC COM 90184L102 77,380 2,000,000 SH Call DFND 01,02 0 2,000,000 0
UNITI GROUP INC COM 91325V108 281,746 20,475,739 SH   DFND 01,02 0 20,475,739 0
VALARIS LIMITED CL A G9460G101 98,743 1,900,000 SH   DFND 01,02 0 1,900,000 0
VANECK ETF TRUST OIL SERVICES ETF 92189H607 110,195 390,000 SH Put DFND 01,02 0 390,000 0
VANECK ETF TRUST SEMICONDUCTR ETF 92189F676 68,608 254,300 SH Put DFND 01,02 0 254,300 0
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 32,511 300,000 SH Put DFND 01,02 0 300,000 0
WAYFAIR INC NOTE 0.375% 9/0 94419LAB7 2,703 2,500,000 PRN   DFND 01,02 0 2,500,000 0
WAYFAIR INC NOTE 1.125%11/0 94419LAD3 6,102 5,000,000 PRN   DFND 01,02 0 5,000,000 0