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
BROOKDALE SR LIVING INC NOTE 2.000%10/1 112463AC8   5,357,017 6,763,000 PRN   SOLE - 6,763,000 0 0
BROOKDALE SR LIVING INC NOTE 2.000%10/1 112463AC8   2,380,281 3,005,000 PRN   OTR - 3,005,000 0 0
ALLIANCE RESOURCE PARTNERS L UT LTD PART UT LTD PART 01877R108   2,133,591 94,700 SH Call SOLE - 0 0 94,700
ALLIANCE RESOURCE PARTNERS L UT LTD PART UT LTD PART 01877R108   1,245,909 55,300 SH Call OTR - 0 0 55,300
BROOKDALE SR LIVING INC COM 112463104   39,105,823 9,445,851 SH   SOLE - 9,445,851 0 0
BROOKDALE SR LIVING INC COM 112463104   18,396,707 4,443,649 SH   OTR - 4,443,649 0 0
BROOKDALE SR LIVING INC UNIT 11/15/2025 112463302   10,275,696 176,316 SH   SOLE - 176,316 0 0
BROOKDALE SR LIVING INC UNIT 11/15/2025 112463302   14,111,570 242,134 SH   OTR - 242,134 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   14,142,064 113,600 SH Put SOLE - 0 0 113,600
BUILDERS FIRSTSOURCE INC COM 12008R107   8,141,646 65,400 SH Put OTR - 0 0 65,400
CREDIT ACCEP CORP MICH COM 225310101   11,364,964 24,700 SH Put SOLE - 0 0 24,700
CREDIT ACCEP CORP MICH COM 225310101   6,303,644 13,700 SH Put OTR - 0 0 13,700
DIGITAL RLTY TR INC COM 253868103   5,869,470 48,500 SH Put SOLE - 0 0 48,500
DIGITAL RLTY TR INC COM 253868103   3,219,132 26,600 SH Put OTR - 0 0 26,600
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107   22,589,096 11,643,864 SH   SOLE - 11,643,864 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107   22,975,684 11,843,136 SH   OTR - 11,843,136 0 0
EQUINIX INC COM 29444U700   944,138 1,300 SH Put SOLE - 0 0 1,300
EQUINIX INC COM 29444U700   581,008 800 SH Put OTR - 0 0 800
FLOOR & DECOR HLDGS INC CL A 339750101   10,199,350 112,700 SH Put SOLE - 0 0 112,700
FLOOR & DECOR HLDGS INC CL A 339750101   5,629,100 62,200 SH Put OTR - 0 0 62,200
GRAINGER W W INC COM 384802104   4,981,248 7,200 SH Put SOLE - 0 0 7,200
GRAINGER W W INC COM 384802104   3,874,304 5,600 SH Put OTR - 0 0 5,600
GREAT LAKES DREDGE & DOCK CO COM 390607109   4,177,428 524,144 SH   SOLE - 524,144 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109   2,243,643 281,511 SH   OTR - 281,511 0 0
GRIFOLS S A SP ADR REP B NVT 398438408   55,367,780 6,057,744 SH   SOLE - 6,057,744 0 0
GRIFOLS S A SP ADR REP B NVT 398438408   29,636,953 3,242,555 SH   OTR - 3,242,555 0 0
HERBALIFE LTD COM SHS G4412G101   3,266,133 233,462 SH   SOLE - 233,462 0 0
HERBALIFE LTD COM SHS G4412G101   1,729,794 123,645 SH   OTR - 123,645 0 0
HERBALIFE LTD COM SHS G4412G101   2,315,345 165,500 SH Call SOLE - 0 0 165,500
HERBALIFE LTD COM SHS G4412G101   1,221,327 87,300 SH Call OTR - 0 0 87,300
HIGHPEAK ENERGY INC COM 43114Q105   9,046,735 535,944 SH   SOLE - 535,944 0 0
HIGHPEAK ENERGY INC COM 43114Q105   4,627,162 274,121 SH   OTR - 274,121 0 0
HIGHPEAK ENERGY INC COM 43114Q105   607,680 36,000 SH Call SOLE - 0 0 36,000
HIGHPEAK ENERGY INC COM 43114Q105   320,720 19,000 SH Call OTR - 0 0 19,000
HUNT J B TRANS SVCS INC COM 445658107   1,244,232 6,600 SH Put SOLE - 0 0 6,600
HUNT J B TRANS SVCS INC COM 445658107   678,672 3,600 SH Put OTR - 0 0 3,600
INVESCO QQQ TR UNIT SER 1 46090E103   98,022,672 273,600 SH Put SOLE - 0 0 273,600
INVESCO QQQ TR UNIT SER 1 46090E103   51,555,053 143,900 SH Put OTR - 0 0 143,900
OLD DOMINION FREIGHT LINE IN COM 679580100   10,924,038 26,700 SH Put SOLE - 0 0 26,700
OLD DOMINION FREIGHT LINE IN COM 679580100   5,155,164 12,600 SH Put OTR - 0 0 12,600
PAR PAC HOLDINGS INC COM NEW 69888T207   22,179,293 617,120 SH   SOLE - 617,120 0 0
PAR PAC HOLDINGS INC COM NEW 69888T207   11,516,003 320,423 SH   OTR - 320,423 0 0
PAR PAC HOLDINGS INC COM NEW 69888T207   4,585,944 127,600 SH Call SOLE - 0 0 127,600
PAR PAC HOLDINGS INC COM NEW 69888T207   2,422,356 67,400 SH Call OTR - 0 0 67,400
PENNYMAC FINL SVCS INC NEW COM 70932M107   4,961,700 74,500 SH Put SOLE - 0 0 74,500
PENNYMAC FINL SVCS INC NEW COM 70932M107   2,770,560 41,600 SH Put OTR - 0 0 41,600
SEACOR MARINE HLDGS INC COM 78413P101   10,589,954 762,965 SH   SOLE - 762,965 0 0
SEACOR MARINE HLDGS INC COM 78413P101   5,609,532 404,145 SH   OTR - 404,145 0 0
SPDR S&P 500 ETF TR UNIT 78462F103   135,297,420 316,500 SH Put SOLE - 0 0 316,500
SPDR S&P 500 ETF TR UNIT 78462F103   70,961,680 166,000 SH Put OTR - 0 0 166,000
TEGNA INC COM 87901J105   27,139,248 1,862,680 SH   SOLE - 1,862,680 0 0
TEGNA INC COM 87901J105   14,274,783 979,738 SH   OTR - 979,738 0 0
TEGNA INC COM 87901J105   3,674,554 252,200 SH Call SOLE - 0 0 252,200
TEGNA INC COM 87901J105   1,936,353 132,900 SH Call OTR - 0 0 132,900
TESLA INC COM 88160R101   2,477,178 9,900 SH Put SOLE - 0 0 9,900
TESLA INC COM 88160R101   1,351,188 5,400 SH Put OTR - 0 0 5,400
UGI CORP NEW COM 902681105   9,423,100 409,700 SH Call SOLE - 0 0 409,700
UGI CORP NEW COM 902681105   4,836,900 210,300 SH Call OTR - 0 0 210,300
UGI CORP NEW COM 902681105   35,257,045 1,532,915 SH   SOLE - 1,532,915 0 0
UGI CORP NEW COM 902681105   18,047,065 784,655 SH   OTR - 784,655 0 0