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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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACADIA HEALTHCARE COMPANY IN COM 00404A109 8,067,203 355,540 SH SOLE 355,540 0 0
AGNC INVT CORP COM 00123Q104 664,646 5,579,400 SH Put SOLE 5,579,400 0 0
ARBOR REALTY TRUST INC COM 038923108 2,984 103,100 SH Call SOLE 103,100 0 0
CLARITEV CORPORATION CL A NEW 62548M209 18,867,996 418,081 SH SOLE 418,081 0 0
COINBASE GLOBAL INC COM CL A 19260Q107 200 10,000 SH Put SOLE 10,000 0 0
DIEBOLD NIXDORF INC COM SHS 253651202 87,007,363 1,570,530 SH SOLE 1,570,530 0 0
DRAGONFLY ENERGY HOLDINGS CO COM NEW 26145B304 4,550 27,677 SH SOLE 27,677 0 0
FINANCE OF AMERICA COMPAN CL A NEW 31738L206 10,946,175 469,390 SH SOLE 469,390 0 0
GLOBAL BUSINESS TRAVEL GROUP COM CL A 37890B100 4,851,901 770,143 SH SOLE 770,143 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 55,000 50,000 SH Put SOLE 50,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 529,680 7,716,800 SH Call SOLE 7,716,800 0 0
ISHARES TR IBOXX HI YD ETF 464288513 3,004,032 4,600,800 SH Put SOLE 4,600,800 0 0
READY CAPITAL CORP COM 75574U101 17,025 340,500 SH Call SOLE 340,500 0 0
RITHM CAPITAL CORP COM NEW 64828T201 2,520 25,200 SH Put SOLE 25,200 0 0
RITHM PPTY TR INC COM 38983D300 6,789,639 2,514,681 SH SOLE 2,514,681 0 0
SLM CORP COM 78442P106 300,990 161,800 SH Put SOLE 161,800 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 69,000 75,000 SH Put SOLE 75,000 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 66,420 123,000 SH Put SOLE 123,000 0 0
VELOCITY FINL INC COM 92262D101 98,277,926 5,300,859 SH SOLE 5,300,859 0 0