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
Estimated average burden
hours per response: 23.8
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
ALLSTATE CORP COM 020002101 484,157 2,326 SH SOLE 2,326 0 0
ASHLAND INC COM 044186104 1,262,168 21,513 SH SOLE 21,513 0 0
AVIENT CORPORATION COM 05368V106 1,072,375 34,327 SH SOLE 34,327 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 963,090 150,248 SH SOLE 150,248 0 0
BOEING CO COM 097023105 2,240,896 10,321 SH SOLE 10,321 0 0
BAXTER INTL INC COM 071813109 959,188 50,193 SH SOLE 50,193 0 0
BATH & BODY WORKS INC COM 070830104 1,297,851 64,634 SH SOLE 64,634 0 0
BAUSCH HEALTH COS INC COM 071734107 175,925 25,313 SH SOLE 25,313 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 384,646 7,131 SH SOLE 7,131 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 825,780 40,739 SH SOLE 40,739 0 0
CONAGRA BRANDS INC COM 205887102 183,486 10,600 SH SOLE 10,600 0 0
AVIS BUDGET GROUP COM 053774105 803,540 6,262 SH SOLE 6,262 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 613,304 20,082 SH SOLE 20,082 0 0
CELANESE CORP DEL COM 150870103 2,260,162 53,457 SH SOLE 53,457 0 0
CIVITAS RESOURCES INC COM NEW 17888H103 2,324,078 85,791 SH SOLE 85,791 0 0
COMCAST CORP NEW CL A 20030N101 1,509,296 50,495 SH SOLE 50,495 0 0
THE CAMPBELLS COMPANY COM 134429109 275,941 9,901 SH SOLE 9,901 0 0
COREWEAVE INC COM CL A 21873S108 4,096,450 57,205 SH SOLE 57,205 0 0
CARVANA CO CL A 146869102 405,139 960 SH SOLE 960 0 0
CVS HEALTH CORP COM 126650100 612,659 7,720 SH SOLE 7,720 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 1,494,270 63,885 SH SOLE 63,885 0 0
DAVITA INC COM 23918K108 968,071 8,521 SH SOLE 8,521 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,002,049 54,656 SH SOLE 54,656 0 0
EASTMAN CHEM CO COM 277432100 585,768 9,177 SH SOLE 9,177 0 0
EQT CORP COM 26884L109 687,045 12,818 SH SOLE 12,818 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 290,504 17,617 SH SOLE 17,617 0 0
FORD MTR CO COM 345370860 1,521,553 115,972 SH SOLE 115,972 0 0
FIRSTENERGY CORP COM 337932107 618,274 13,810 SH SOLE 13,810 0 0
GAP INC COM 364760108 696,474 27,206 SH SOLE 27,206 0 0
GENERAL MTRS CO COM 37045V100 2,745,363 33,760 SH SOLE 33,760 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 780,761 89,128 SH SOLE 89,128 0 0
HCA HEALTHCARE INC COM 40412C101 1,871,175 4,008 SH SOLE 4,008 0 0
ANYWHERE REAL ESTATE INC COM 75605Y106 863,066 60,951 SH SOLE 60,951 0 0
BLOCK H & R INC COM 093671105 364,111 8,355 SH SOLE 8,355 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700 1,135,616 220,937 SH SOLE 220,937 0 0
IRON MTN INC DEL COM 46284V101 878,689 10,593 SH SOLE 10,593 0 0
KINDER MORGAN INC DEL COM 49456B101 2,792,352 101,577 SH SOLE 101,577 0 0
MARRIOTT INTL INC NEW CL A 571903202 580,769 1,872 SH SOLE 1,872 0 0
MBIA INC COM 55262C100 270,455 37,773 SH SOLE 37,773 0 0
METLIFE INC COM 59156R108 3,473,439 44,001 SH SOLE 44,001 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 106,360 21,272 SH SOLE 21,272 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 1,363,864 61,105 SH SOLE 61,105 0 0
NRG ENERGY INC COM NEW 629377508 459,885 2,888 SH SOLE 2,888 0 0
NEWELL BRANDS INC COM 651229106 1,787,735 480,574 SH SOLE 480,574 0 0
ORGANON & CO COMMON STOCK 68622V106 1,404,711 195,915 SH SOLE 195,915 0 0
OLIN CORP COM PAR $1 680665205 283,413 13,606 SH SOLE 13,606 0 0
ONEMAIN HLDGS INC COM 68268W103 1,253,796 18,561 SH SOLE 18,561 0 0
OVINTIV INC COM 69047Q102 1,226,765 31,303 SH SOLE 31,303 0 0
OCCIDENTAL PETE CORP COM 674599105 333,319 8,106 SH SOLE 8,106 0 0
PITNEY BOWES INC COM 724479100 557,568 52,750 SH SOLE 52,750 0 0
PG&E CORP COM 69331C108 808,996 50,342 SH SOLE 50,342 0 0
POST HLDGS INC COM 737446104 1,887,200 19,053 SH SOLE 19,053 0 0
PRUDENTIAL FINL INC COM 744320102 2,000,798 17,725 SH SOLE 17,725 0 0
TRANSOCEAN LTD REGISTERED SHS H8817H100 325,840 78,896 SH SOLE 78,896 0 0
SABRE CORP COM 78573M104 775,237 570,027 SH SOLE 570,027 0 0
SEALED AIR CORP NEW COM 81211K100 1,044,533 25,212 SH SOLE 25,212 0 0
SHERWIN WILLIAMS CO COM 824348106 394,669 1,218 SH SOLE 1,218 0 0
SIRIUSXM HOLDINGS INC COMMON STOCK 829933100 1,196,361 59,833 SH SOLE 59,833 0 0
SERVICE PPTYS TR COM SH BEN INT 81761L102 557,029 302,733 SH SOLE 302,733 0 0
AT&T INC COM 00206R102 2,337,196 94,090 SH SOLE 94,090 0 0
TRANSDIGM GROUP INC COM 893641100 1,098,456 826 SH SOLE 826 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209 834,961 26,753 SH SOLE 26,753 0 0
TARGET CORP COM 87612E106 657,760 6,729 SH SOLE 6,729 0 0
T-MOBILE US INC COM 872590104 438,363 2,159 SH SOLE 2,159 0 0
TYSON FOODS INC CL A 902494103 649,685 11,083 SH SOLE 11,083 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 643,159 2,950 SH SOLE 2,950 0 0
UNISYS CORP COM NEW 909214306 319,636 115,810 SH SOLE 115,810 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,037,206 3,142 SH SOLE 3,142 0 0
UNITI GROUP LLC COM SHS 912932100 940,525 134,169 SH SOLE 134,169 0 0
UNITED RENTALS INC COM 911363109 391,711 484 SH SOLE 484 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,470,353 36,100 SH SOLE 36,100 0 0
WHIRLPOOL CORP COM 963320106 1,190,887 16,508 SH SOLE 16,508 0 0
WILLIAMS COS INC COM 969457100 2,447,920 40,724 SH SOLE 40,724 0 0
XEROX HOLDINGS CORP COM NEW 98421M106 80,770 34,080 SH SOLE 34,080 0 0
YUM BRANDS INC COM 988498101 914,941 6,048 SH SOLE 6,048 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 11,456,256 16,800 SH SOLE 16,800 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 54,553,600 80,000 SH Put SOLE 80,000 0 0