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
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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
AMERICAN WOODMARK CORPORATIO COM 030506109   9,066,420 114,000 SH   DFND 3,4 0 114,000 0
INTERNATIONAL PAPER CO COM 460146103   99,567,000 1,850,000 SH   DFND 1,2 0 1,850,000 0
INTERNATIONAL PAPER CO COM 460146103   80,730,000 1,500,000 SH   DFND 3,4 0 1,500,000 0
LAMB WESTON HLDGS INC COM 513272104   20,383,150 305,000 SH   DFND 3,4 0 305,000 0
MERCER INTL INC COM 588056101   7,182,351 1,104,977 SH   DFND 1,2 0 1,104,977 0
MERCER INTL INC COM 588056101   13,292,650 2,045,023 SH   DFND 3,4 0 2,045,023 0
MOHAWK INDS INC COM 608190104   4,169,550 35,000 SH   DFND 1,2 0 35,000 0
MOHAWK INDS INC COM 608190104   44,078,100 370,000 SH   DFND 3,4 0 370,000 0
THE ODP CORP COM 88337F105   17,855,744 785,213 SH   DFND 3,4 0 785,213 0
PACKAGING CORP AMER COM 695156109   5,934,652 26,361 SH   DFND 1,2 0 26,361 0
PACKAGING CORP AMER COM 695156109   57,101,748 253,639 SH   DFND 3,4 0 253,639 0
SEALED AIR CORP NEW COM 81211K100   25,710,800 760,000 SH   DFND 3,4 0 760,000 0
SUZANO S A SPON ADS 86959K105   62,744,000 6,200,000 SH   DFND 1,2 0 6,200,000 0
SUZANO S A SPON ADS 86959K105   112,534,400 11,120,000 SH   DFND 3,4 0 11,120,000 0
SYLVAMO CORP COMMON STOCK 871332102   498,810,115 6,312,454 SH   DFND 1,2,3,4 0 6,312,454 0