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
ADVANCED MICRO DEVICES INC COM 007903107   3,547,500 25,000 SH   DFND 1,2 25,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   3,402,300 30,000 SH   DFND 1,2 30,000 0 0
ARRIVENT BIOPHARMA INC COM 04272N102   11,503,159 528,395 SH   DFND 1,2 528,395 0 0
BATH & BODY WORKS INC COM 070830104   17,928,543 598,416 SH   DFND 1,2 598,416 0 0
BATH & BODY WORKS INC COM 070830104   13,182,400 440,000 SH Call DFND 1,2 440,000 0 0
BEAZER HOMES USA INC COM NEW 07556Q881   1,946,458 87,012 SH   DFND 1,2 87,012 0 0
BEYOND INC COM 690370101   1,184,179 172,119 SH   DFND 1,2 172,119 0 0
BJS RESTAURANTS INC COM 09180C106   15,163,197 339,982 SH   DFND 1,2 339,982 0 0
CALERES INC COM 129500104   685,738 56,116 SH   DFND 1,2 56,116 0 0
CELSIUS HLDGS INC COM NEW 15118V207   6,796,135 146,500 SH   DFND 1,2 146,500 0 0
CITI TRENDS INC COM 17306X102   85,928,698 2,573,486 SH   DFND 1,2 2,573,486 0 0
CROCS INC COM 227046109   8,575,479 84,671 SH   DFND 1,2 84,671 0 0
DESIGNER BRANDS INC CL A 250565108   2,380,000 1,000,000 SH Call DFND 1,2 1,000,000 0 0
DESTINATION XL GROUP INC COM 25065K104   6,391,670 5,758,261 SH   DFND 1,2 5,758,261 0 0
EL POLLO LOCO HLDGS INC COM 268603107   2,085,778 189,444 SH   DFND 1,2 189,444 0 0
ENVIRI CORP COM 415864107   62,274,165 7,174,443 SH   DFND 1,2 7,174,443 0 0
ENVIRI CORP COM 415864107   4,340,000 500,000 SH Call DFND 1,2 500,000 0 0
FIVE BELOW INC COM 33829M101   5,968,690 45,500 SH   DFND 1,2 45,500 0 0
FOSSIL GROUP INC COM 34988V106   399,650 270,034 SH   DFND 1,2 270,034 0 0
FUNKO INC COM CL A 361008105   22,723,702 4,773,887 SH   DFND 1,2 4,773,887 0 0
GAP INC COM 364760108   22,165,525 1,016,301 SH   DFND 1,2 1,016,301 0 0
GAP INC COM 364760108   6,543,000 300,000 SH Call DFND 1,2 300,000 0 0
GENESCO INC COM 371532102   21,156,354 1,074,472 SH   DFND 1,2 1,074,472 0 0
HERBALIFE LTD COM SHS G4412G101   8,490,700 985,000 SH   DFND 1,2 985,000 0 0
INGEVITY CORP COM 45688C107   2,360,039 54,770 SH   DFND 1,2 54,770 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   182,041,200 330,000 SH Put DFND 1,2 330,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   26,973,750 125,000 SH Put DFND 1,2 125,000 0 0
J JILL INC COM 46620W201   13,706,671 936,248 SH   DFND 1,2 936,248 0 0
JUMIA TECHNOLOGIES AG SPONSORED ADS 48138M105   6,807,062 1,693,299 SH   DFND 1,2 1,693,299 0 0
JUMIA TECHNOLOGIES AG SPONSORED ADS 48138M105   6,432,000 1,600,000 SH Call DFND 1,2 1,600,000 0 0
LATHAM GROUP INC COM 51819L107   1,600,257 250,824 SH   DFND 1,2 250,824 0 0
MADDEN STEVEN LTD COM 556269108   719,400 30,000 SH   DFND 1,2 30,000 0 0
MICRON TECHNOLOGY INC COM 595112103   20,459,500 166,000 SH   DFND 1,2 166,000 0 0
MICRON TECHNOLOGY INC COM 595112103   2,465,000 20,000 SH Call DFND 1,2 20,000 0 0
NATIONAL VISION HLDGS INC COM 63845R107   25,124,849 1,091,910 SH   DFND 1,2 1,091,910 0 0
NATIONAL VISION HLDGS INC COM 63845R107   49,443,888 2,148,800 SH Call DFND 1,2 2,148,800 0 0
NCR VOYIX CORPORATION COM 62886E108   11,741,683 1,000,996 SH   DFND 1,2 1,000,996 0 0
NETGEAR INC COM 64111Q104   2,081,848 71,615 SH   DFND 1,2 71,615 0 0
1 800 FLOWERS COM INC CL A 68243Q106   46,874,070 9,527,250 SH   DFND 1,2 9,527,250 0 0
PAR TECHNOLOGY CORP COM 698884103   14,358,549 206,985 SH   DFND 1,2 206,985 0 0
REDDIT INC CL A 75734B100   18,931,919 125,735 SH   DFND 1,2 125,735 0 0
REMITLY GLOBAL INC COM 75960P104   2,956,275 157,500 SH   DFND 1,2 157,500 0 0
RH COM 74967X103   7,968,662 42,160 SH   DFND 1,2 42,160 0 0
ROCKET COS INC COM CL A 77311W101   3,942,040 278,000 SH   DFND 1,2 278,000 0 0
SHARKNINJA INC COM SHS G8068L108   2,969,700 30,000 SH   DFND 1,2 30,000 0 0
SIGNET JEWELERS LIMITED SHS G81276100   4,358,624 54,791 SH   DFND 1,2 54,791 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   125,114,625 202,500 SH Put DFND 1,2 202,500 0 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714   115,590,000 1,500,000 SH Put DFND 1,2 1,500,000 0 0
ST JOE CO COM 790148100   1,032,657 21,649 SH   DFND 1,2 21,649 0 0
STITCH FIX INC COM CL A 860897107   36,792,138 9,943,821 SH   DFND 1,2 9,943,821 0 0
TAPESTRY INC COM 876030107   2,265,498 25,800 SH   DFND 1,2 25,800 0 0
TEMPUS AI INC CL A 88023B103   1,588,500 25,000 SH   DFND 1,2 25,000 0 0
TILE SHOP HLDGS INC COM 88677Q109   81,783,316 12,859,012 SH   DFND 1,2 12,859,012 0 0
TILLYS INC CL A 886885102   11,281,333 8,174,879 SH   DFND 1,2 8,174,879 0 0
TORRID HLDGS INC COM 89142B107   30,777,680 10,433,112 SH   DFND 1,2 10,433,112 0 0
UNITY SOFTWARE INC COM 91332U101   29,575,280 1,222,119 SH   DFND 1,2 1,222,119 0 0
VERA BRADLEY INC COM 92335C106   6,150,773 2,783,155 SH   DFND 1,2 2,783,155 0 0
WOLVERINE WORLD WIDE INC COM 978097103   1,969,364 108,925 SH   DFND 1,2 108,925 0 0
ZUMIEZ INC COM 989817101   6,571,086 495,557 SH   DFND 1,2 495,557 0 0