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
AMERICAN INTL GROUP INC COM NEW 026874784 1,312,995 17,617 SH SOLE 17,617 0 0
AMGEN INC COM 031162100 346,549 957 SH SOLE 957 0 0
AMKOR TECHNOLOGY INC COM 031652100 206,952 2,400 SH SOLE 2,400 0 0
ASHLAND INC COM 044186104 542,538 8,234 SH SOLE 8,234 0 0
BROADCOM INC COM 11135F101 419,303 1,110 SH SOLE 1,110 0 0
DAUCH CORP COM 024061103 232,404 42,879 SH SOLE 42,879 0 0
BOEING CO COM 097023105 3,439,708 15,890 SH SOLE 15,890 0 0
BATH & BODY WORKS INC COM 070830104 672,944 29,094 SH SOLE 29,094 0 0
BOSTON SCIENTIFIC CORP COM 101137107 1,755,130 41,123 SH SOLE 41,123 0 0
BOYD GAMING CORP COM 103304101 794,970 9,000 SH SOLE 9,000 0 0
CONAGRA BRANDS INC COM 205887102 1,464,448 108,800 SH SOLE 108,800 0 0
CELANESE CORP DEL COM 150870103 1,459,028 31,718 SH SOLE 31,718 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 181,114 19,288 SH SOLE 19,288 0 0
COMCAST CORP NEW CL A 20030N101 527,825 21,500 SH SOLE 21,500 0 0
CAPITAL ONE FINL CORP COM 14040H105 240,744 1,200 SH SOLE 1,200 0 0
COMPASS INC CL A 20464U100 1,079,171 87,524 SH SOLE 87,524 0 0
COREWEAVE INC COM CL A 21873S108 1,119,029 11,242 SH SOLE 11,242 0 0
CARVANA CO CL A 146869102 370,896 5,635 SH SOLE 5,635 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 62,936 18,843 SH SOLE 18,843 0 0
DANAHER CORP DEL COM 235851102 1,504,792 7,900 SH SOLE 7,900 0 0
DISNEY WALT CO COM 254687106 1,135,076 11,793 SH SOLE 11,793 0 0
DOW HLDGS INC COM 260557103 547,008 19,993 SH SOLE 19,993 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,269,268 30,718 SH SOLE 30,718 0 0
EASTMAN CHEM CO COM 277432100 408,578 6,100 SH SOLE 6,100 0 0
FORD MTR CO COM 345370860 4,136,320 297,577 SH SOLE 297,577 0 0
GAP INC COM 364760108 241,962 12,953 SH SOLE 12,953 0 0
GENERAL MILLS INC COM 370334104 330,600 9,500 SH SOLE 9,500 0 0
GENERAL MTRS CO COM 37045V100 4,804,319 62,329 SH SOLE 62,329 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 237,785 36,028 SH SOLE 36,028 0 0
HCA HEALTHCARE INC COM 40412C101 1,562,679 4,008 SH SOLE 4,008 0 0
INTEL CORP COM 458140100 2,351,648 16,842 SH SOLE 16,842 0 0
JOHNSON & JOHNSON COM 478160104 881,530 3,471 SH SOLE 3,471 0 0
KINDER MORGAN INC DEL COM 49456B101 405,444 12,682 SH SOLE 12,682 0 0
LAMB WESTON HLDGS INC COM 513272104 716,788 16,600 SH SOLE 16,600 0 0
MBIA INC COM 55262C100 246,280 37,773 SH SOLE 37,773 0 0
MCDONALDS CORP COM 580135101 1,081,240 4,000 SH SOLE 4,000 0 0
METLIFE INC COM 59156R108 6,522,331 77,087 SH SOLE 77,087 0 0
MARATHON PETE CORP COM 56585A102 340,552 1,332 SH SOLE 1,332 0 0
MICROSOFT CORP COM 594918104 1,950,522 5,229 SH SOLE 5,229 0 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 531,972 25,200 SH SOLE 25,200 0 0
NEXTERA ENERGY INC COM 65339F101 717,169 8,171 SH SOLE 8,171 0 0
NEWELL BRANDS INC COM 651229106 1,608,705 262,004 SH SOLE 262,004 0 0
ONEMAIN HLDGS INC COM 68268W103 2,121,756 34,800 SH SOLE 34,800 0 0
OCCIDENTAL PETE CORP COM 674599105 1,914,775 39,423 SH SOLE 39,423 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 3,083,950 35,407 SH SOLE 35,407 0 0
PRUDENTIAL FINL INC COM 744320102 5,512,417 51,074 SH SOLE 51,074 0 0
SABRE CORP COM 78573M104 358,828 171,688 SH SOLE 171,688 0 0
SM ENERGY COMPANY COM 78454L100 1,119,429 42,890 SH SOLE 42,890 0 0
SERVICE PPTYS TR COM SH BEN INT 81761L102 511,619 302,733 SH SOLE 302,733 0 0
AT&T INC COM 00206R102 1,910,693 92,304 SH SOLE 92,304 0 0
TRANSDIGM GROUP INC COM 893641100 3,481,953 2,614 SH SOLE 2,614 0 0
ISHARES TR 20 YR TR BD ETF 464287432 1,993,709 23,070 SH SOLE 23,070 0 0
T-MOBILE US INC COM 872590104 722,078 4,305 SH SOLE 4,305 0 0
UBER TECHNOLOGIES INC COM 90353T100 909,216 12,600 SH SOLE 12,600 0 0
UNISYS CORP COM NEW 909214306 211,932 57,905 SH SOLE 57,905 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,875,041 91,522 SH SOLE 91,522 0 0
WHIRLPOOL CORP COM 963320106 890,892 22,600 SH SOLE 22,600 0 0
WALMART INC COM 931142103 2,821,420 24,911 SH SOLE 24,911 0 0
YUM BRANDS INC COM 988498101 577,095 3,610 SH SOLE 3,610 0 0
XEROX HOLDINGS CORP *W EXP 02/11/202 98421M114 7,935 28,865 SH SOLE 28,865 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 60,244,923 80,674 SH SOLE 80,674 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 109,401,805 146,500 SH Put SOLE 146,500 0 0