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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMCOR PLC COM NEW G0250X149 17,167,429 431,885 SH DFND 431,885 0 0
ARDAGH METAL PACKAGING S A SHS L02235106 46,669,478 11,523,328 SH DFND 11,523,328 0 0
ATKORE INC COM 047649108 17,967,550 305,000 SH DFND 305,000 0 0
BRIDGER AEROSPACE GRP HLDGS *W EXP 01/24/202 96812F110 68,250 175,000 PRN DFND 175,000 0 0
CBL & ASSOC PPTYS INC COMMON STOCK 124830878 325,359,678 8,466,294 SH DFND 8,466,294 0 0
COMPASS INC CL A 20464U100 25,584,079 3,499,874 SH DFND 3,499,874 0 0
ELECTRONIC ARTS INC COM 285512109 56,266,897 275,994 SH DFND 275,994 0 0
FIRST FNDTN INC COM 32026V104 48,099,113 8,152,392 SH DFND 8,152,392 0 0
FLUSHING FINL CORP COM 343873105 1,400,141 91,155 SH DFND 91,155 0 0
JAMES HARDIE INDS PLC ORD SHS G4253H101 7,551,378 398,700 SH DFND 398,700 0 0
KENVUE INC COM 49177J102 12,930,000 750,000 SH DFND 750,000 0 0
MAGNERA CORP COM SHS 55939A107 7,703,100 810,000 SH DFND 810,000 0 0
MASTERBRAND INC COMMON STOCK 57638P104 14,059,697 1,691,901 SH DFND 1,691,901 0 0
OCEANFIRST FINL CORP COM 675234108 11,062,669 613,230 SH DFND 613,230 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 16,387,500 187,500 SH DFND 187,500 0 0
QORVO INC COM 74736K101 48,140,865 621,975 SH DFND 621,975 0 0
SEADRILL LTD COM G7997W102 57,410,945 1,261,779 SH DFND 1,261,779 0 0
SUNRUN INC COM 86771W105 33,493,200 2,470,000 SH DFND 2,470,000 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104 24,714,000 900,000 SH DFND 900,000 0 0