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
ACUITY INC COM 00508Y102   16,358,525 47,500 SH   DFND 1 47,500 0 0
AERCAP HOLDINGS NV SHS N00985106   78,376,903 647,743 SH   DFND 1 647,743 0 0
ALTICE USA INC CL A 02156K103   7,614,578 3,159,576 SH   DFND 1 3,159,576 0 0
AST SPACEMOBILE INC COM CL A 00217D100   18,243,036 371,700 SH Put DFND 1 371,700 0 0
BANK HAWAII CORP COM 062540109   36,663,419 558,553 SH   DFND 1 558,553 0 0
CAPITAL ONE FINL CORP COM 14040H105   112,854,258 530,879 SH   DFND 1 530,879 0 0
CRH PLC ORD G25508105   79,460,608 662,724 SH   DFND 1 662,724 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100   4,792,464 434,100 SH Put DFND 1 434,100 0 0
JBT MAREL CORPORATION COM 477839104   49,655,255 353,544 SH   DFND 1 353,544 0 0
MASCO CORP COM 574599106   47,073,031 668,746 SH   DFND 1 668,746 0 0
MASTEC INC COM 576323109   81,514,317 383,038 SH   DFND 1 383,038 0 0
MR COOPER GROUP INC COM 62482R107   69,850,747 331,376 SH   DFND 1 331,376 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107   55,267,823 446,140 SH   DFND 1 446,140 0 0
PENTAIR PLC SHS G7S00T104   60,752,192 548,503 SH   DFND 1 548,503 0 0
PROGRESSIVE CORP COM 743315103   62,823,339 254,397 SH   DFND 1 254,397 0 0
SOMNIGROUP INTERNATIONAL INC COM 88023U101   58,947,176 699,006 SH   DFND 1 699,006 0 0
T-MOBILE US INC COM 872590104   74,800,026 312,474 SH   DFND 1 312,474 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829   49,016,960 1,249,158 SH   DFND 1 1,249,158 0 0
VIKING HOLDINGS LTD ORD SHS G93A5A101   54,498,407 876,744 SH   DFND 1 876,744 0 0
VISTRA CORP COM 92840M102   57,449,818 293,231 SH   DFND 1 293,231 0 0
WEBSTER FINL CORP COM 947890109   75,464,548 1,269,592 SH   DFND 1 1,269,592 0 0