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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
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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
FTAI AVIATION LTD SHS G3730V105   6,904,051 246,926 SH   SOLE   246,926 0 0
REKOR SYSTEMS INC COM 759419104   7,611,989 6,089,591 SH   SOLE   6,089,591 0 0
PEABODY ENERGY CORP COM 704551100   14,543,667 568,112 SH   SOLE   568,112 0 0
ALBEMARLE CORP COM 012653101   986,059 4,461 SH   SOLE   4,461 0 0
CONSOL ENERGY INC NEW COM 20854L108   14,325,854 245,853 SH   SOLE   245,853 0 0
CAPITAL ONE FINL CORP COM 14040H105   19,269,791 200,393 SH   SOLE   200,393 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   13,644,808 14,022 SH   SOLE   14,022 0 0
FREEPORT-MCMORAN INC CL B 35671D857   17,082,380 417,560 SH   SOLE   417,560 0 0
WARRIOR MET COAL INC COM 93627C101   9,034,551 246,106 SH   SOLE   246,106 0 0
LITHIUM AMERS CORP NEW COM NEW 53680Q207   6,069,190 278,915 SH   SOLE   278,915 0 0
OCCIDENTAL PETE CORP COM 674599105   29,835,734 477,907 SH   SOLE   477,907 0 0
PAN AMERN SILVER CORP COM 697900108   7,986,943 438,843 SH   SOLE   438,843 0 0
SEA LTD SPONSORD ADS 81141R100   9,179,320 106,058 SH   SOLE   106,058 0 0
SLM CORP COM 78442P106   9,264,585 747,747 SH   SOLE   747,747 0 0
SYNCHRONY FINANCIAL COM 87165B103   10,153,922 349,172 SH   SOLE   349,172 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   20,667,576 249,518 SH   SOLE   249,518 0 0
SPDR SER TR S&P OILGAS EXP 78468R556   21,106,959 165,428 SH   SOLE   165,428 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100   56,565,767 4,043,300 SH Put SOLE   4,043,300 0 0
GENERAL DYNAMICS CORP COM 369550108   13,692,600 60,000 SH Call SOLE   60,000 0 0
SPDR SER TR S&P REGL BKG 78464A698   219,300,000 5,000,000 SH Call SOLE   5,000,000 0 0
SPDR SER TR S&P OILGAS EXP 78468R556   44,656,500 350,000 SH Call SOLE   350,000 0 0