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
Expires: July 31, 2015
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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
AFFIRM HLDGS INC COM CL A 00827B106 916,400 20,000 SH Put SOLE 20,000 0 0
ALBERTSONS COS INC COMMON STOCK 013091103 2,031,168 119,200 SH SOLE 119,200 0 0
ALLIED GOLD CORP COM NEW 01921D204 618,712 20,000 SH SOLE 20,000 0 0
AMICUS THERAPEUTIC COM 03152W109 607,320 42,000 SH SOLE 42,000 0 0
AON PLC SHS CL A G0403H108 355,058 1,100 SH SOLE 1,100 0 0
APELLIS PHARMACEUTICALS INC COM 03753U106 1,206,900 30,000 SH SOLE 30,000 0 0
AUTOZONE INC COM 053332102 2,026,668 600 SH SOLE 600 0 0
BANK AMERICA CORP COM 060505104 2,347,800 48,160 SH SOLE 48,160 0 0
BELLRING BRANDS INC COMMON STOCK 07831C103 659,690 41,000 SH SOLE 41,000 0 0
BRIGHTHOUSE FINL INC COM 10922N103 1,317,360 22,000 SH SOLE 22,000 0 0
CACTUS INC CL A 127203107 1,611,433 34,018 SH SOLE 34,018 0 0
CBRE GROUP INC CL A 12504L109 1,609,536 11,882 SH SOLE 11,882 0 0
CHEVRON CORPORATION COM 166764100 2,630,320 12,713 SH SOLE 12,713 0 0
CLOROX CO DEL COM 189054109 1,870,522 18,050 SH SOLE 18,050 0 0
COLUMBIA BKG SYS INC COM 197236102 1,824,342 66,509 SH SOLE 66,509 0 0
COSTCO WHOLESALE CORPORATION COM 22160K105 1,399,984 1,405 SH SOLE 1,405 0 0
CULLEN FROST BANKERS INC COM 229899109 3,950,371 28,818 SH SOLE 28,818 0 0
CYTOKINETICS INC COM NEW 23282W605 593,190 9,000 SH SOLE 9,000 0 0
DICKS SPORTING GOODS INC COM 253393102 1,057,481 5,333 SH SOLE 5,333 0 0
ELECTRONIC ARTS INC COM 285512109 2,752,245 13,500 SH SOLE 13,500 0 0
EXPAND ENERGY CORPORATION COM 165167735 2,605,519 23,734 SH SOLE 23,734 0 0
FIRST HORIZON CORPORATION COM 320517105 1,313,298 57,702 SH SOLE 57,702 0 0
FLOOR & DECOR HLDGS INC CL A 339750101 1,853,082 36,478 SH SOLE 36,478 0 0
GALLAGHER ARTHUR J & CO COM 363576109 346,528 1,600 SH SOLE 1,600 0 0
GOLDEN ENTMT INC COM 381013101 1,334,500 50,000 SH SOLE 50,000 0 0
HALLIBURTON CO COM 406216101 1,724,489 44,229 SH SOLE 44,229 0 0
HOLOGIC INC COM 436440101 1,209,440 16,000 SH SOLE 16,000 0 0
HOME DEPOT INC COM 437076102 3,116,891 9,477 SH SOLE 9,477 0 0
HUNTINGTON BANCSHARES INC COM 446150104 4,452,143 284,482 SH SOLE 284,482 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 2,028,912 12,900 SH SOLE 12,900 0 0
INTERNATIONAL MONEY EXPRESS COM 46005L101 1,027,000 65,000 SH SOLE 65,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 58,078,800 730,000 SH Put SOLE 730,000 0 0
JANUS HENDERSON GROUP PLC ORD SHS G4474Y214 1,181,510 23,000 SH SOLE 23,000 0 0
JPMORGAN CHASE & CO COM 46625H100 1,916,452 6,515 SH SOLE 6,515 0 0
KBR INC COM 48242W106 582,388 15,800 SH SOLE 15,800 0 0
LEGGETT & PLATT INC COM 524660107 523,640 53,000 SH SOLE 53,000 0 0
LIFEWAY FOODS INC COM 531914109 193,400 10,000 SH SOLE 10,000 0 0
MARSH & MCLENNAN COS INC COM 571748102 329,555 1,900 SH SOLE 1,900 0 0
MATADOR RES CO COM 576485205 2,132,767 33,757 SH SOLE 33,757 0 0
MONDELEZ INTL INC CL A 609207105 1,590,864 27,600 SH SOLE 27,600 0 0
MORGAN STANLEY COM NEW 617446448 1,428,797 8,682 SH SOLE 8,682 0 0
NASDAQ INC COM 631103108 1,672,333 19,700 SH SOLE 19,700 0 0
NORFOLK SOUTHN CORP COM 655844108 2,496,900 8,700 SH SOLE 8,700 0 0
OCEANEERING INTL INC COM 675232102 1,163,416 32,800 SH SOLE 32,800 0 0
OLD NATL BANCORP IND COM 680033107 1,733,590 78,443 SH SOLE 78,443 0 0
OVINTIV INC COM 69047Q102 2,036,404 34,306 SH SOLE 34,306 0 0
PAPA JOHNS INTL INC COM 698813102 486,150 15,000 SH Call SOLE 15,000 0 0
PENUMBRA INC COM 70975L107 853,762 2,600 SH SOLE 2,600 0 0
PHILLIPS 66 COM 718546104 2,141,890 11,757 SH SOLE 11,757 0 0
PINNACLE FINL PARTNERS INC COM 72348N109 5,179,943 60,134 SH SOLE 60,134 0 0
PROCTER & GAMBLE CO COM 742718109 1,791,056 12,400 SH SOLE 12,400 0 0
QUANTUMSCAPE CORP COM CL A 74767V109 446,600 70,000 SH Put SOLE 70,000 0 0
ROCKET COS INC COM CL A 77311W101 534,375 37,500 SH SOLE 37,500 0 0
SEALED AIR CORP NEW COM 81211K100 3,195,800 76,000 SH SOLE 76,000 0 0
SILICON LABORATORIES INC COM 826919102 770,155 3,700 SH SOLE 3,700 0 0
SIMMONS FIRST NATL CORP CL A $1 PAR 828730200 1,529,237 78,624 SH SOLE 78,624 0 0
SLB LIMITED COM STK 806857108 2,200,623 42,822 SH SOLE 42,822 0 0
SOFI TECHNOLOGIES INC COM 83406F102 3,017,200 190,000 SH Put SOLE 190,000 0 0
SOUTHSTATE BK CORP COM 84472E102 1,674,427 18,098 SH SOLE 18,098 0 0
STATE STR CORP COM 857477103 1,950,669 15,413 SH SOLE 15,413 0 0
SWK HLDGS CORP COM NEW 78501P203 144,467,427 8,493,088 SH SOLE 8,493,088 0 0
TERNS PHARMACEUTICALS INC COM 880881107 632,640 12,000 SH SOLE 12,000 0 0
TESLA INC COM 88160R101 1,858,750 5,000 SH Put SOLE 5,000 0 0
TIC SOLUTIONS INC COM 00510N102 572,460 87,000 SH SOLE 87,000 0 0
TRI POINTE HOMES INC COM 87265H109 1,214,980 26,000 SH SOLE 26,000 0 0
TRUIST FINL CORP COM 89832Q109 2,050,262 44,600 SH SOLE 44,600 0 0
UNITED PARCEL SVCS INC CL B 911312106 2,037,056 20,706 SH SOLE 20,706 0 0
WARNER BROS DISCOVERY INC COM SER A 934423104 2,636,160 96,000 SH SOLE 96,000 0 0
WEBSTER FINL CORP COM 947890109 2,707,380 39,000 SH SOLE 39,000 0 0
WELLS FARGO & CO COM 949746101 3,624,484 45,528 SH SOLE 45,528 0 0
WILLIS LEASE FIN CORP COM 970646105 527,806 3,100 SH SOLE 3,100 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103 319,770 1,100 SH SOLE 1,100 0 0