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
ADT INC DEL COM 00090Q103 20,319,000 3,126,000 SH SOLE 3,126,000 0 0
AIRJOULE TECHNOLOGIES CORP W EXP 03/15/202 612160119 65,000 50,000 SH SOLE 50,000 0 0
ALGOMA STL GROUP INC COM 015658107 3,745,971 924,931 SH SOLE 924,931 0 0
ALVOTECH ORDINARY SHARES L01800108 14,902,571 4,038,637 SH SOLE 4,038,637 0 0
AQUESTIVE THERAPEUTICS INC COM 03843E104 1,910,339 459,216 SH SOLE 459,216 0 0
ATRIUM THERAPEUTICS INC COM 04965N104 1,872,765 139,239 SH SOLE 139,239 0 0
BLACKSTONE MORTGAGE TRUST IN COM CL A 09257W100 4,096,815 241,700 SH SOLE 241,700 0 0
BLUE GOLD LTD W EXP 04/01/203 G1331C112 7,208 75,000 SH SOLE 75,000 0 0
BRAND ENGAGEMENT NETWORK INC W EXP 03/14/202 104932116 23,333 166,666 SH SOLE 166,666 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 28,567,060 946,556 SH SOLE 946,556 0 0
CAESARS ENTERTAINMENT INC NE CALL 12769G900 30,180,000 10,000 SH Call SOLE 10,000 0 0
CID HOLDCO INC W EXP 12/31/202 171756117 769 62,500 SH SOLE 62,500 0 0
CRITICAL METALS CORP W EXP 02/27/202 G2662B111 44,625 12,500 SH SOLE 12,500 0 0
EAGLE NUCLEAR ENERGY CORP W EXP 02/25/203 269710117 36,250 25,000 SH SOLE 25,000 0 0
ENVOY MEDICAL INC W EXP 09/29/202 29415V117 13,055 262,156 SH SOLE 262,156 0 0
FORWARD AIR CORP COM 34986A104 18,980,375 1,404,913 SH SOLE 1,404,913 0 0
GCT SEMICONDUCTOR HLDG INC W EXP 03/01/202 36170N115 36,750 75,000 SH SOLE 75,000 0 0
GENERATION ESSENTIALS GROUP W EXP 02/15/202 G38268119 58,500 325,000 SH SOLE 325,000 0 0
GENWORTH FINL INC COM SHS 37247D106 6,765,254 714,388 SH SOLE 714,388 0 0
ISHARES TR CALL 464287905 414,741,180 13,804 SH Call SOLE 13,804 0 0
ISHARES TR PUT 464287955 414,741,180 13,804 SH Put SOLE 13,804 0 0
ISHARES TR CALL 464288903 1,760,147,697 220,101 SH Call SOLE 220,101 0 0
ISHARES TR PUT 464288953 1,571,466,479 196,507 SH Put SOLE 196,507 0 0
LIBERTY MEDIA CORP DEL DEB 530715AG6 2,146,304 47,700,000 PRN SOLE 0 0 0
OCTAVE SPECIALTY GROUP INC COM NEW 023139884 3,614,420 579,234 SH SOLE 579,234 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102 1,037,408 13,600 SH SOLE 13,600 0 0
PDD HOLDINGS INC CALL 722304902 1,472,204 193 SH Call SOLE 193 0 0
PDD HOLDINGS INC PUT 722304952 1,472,204 193 SH Put SOLE 193 0 0
SERVICE PPTYS TR COM SH BEN INT 81761L102 19,148,068 11,330,218 SH SOLE 11,330,218 0 0
SPACE EXPLORATION TECHN CORP CLASS A COM STK 84615Q103 7,918,507 46,345 SH SOLE 46,345 0 0
SPACE EXPLORATION TECHN CORP CALL 84615Q903 12,558,210 735 SH Call SOLE 735 0 0
SPACE EXPLORATION TECHN CORP PUT 84615Q953 21,613,790 1,265 SH Put SOLE 1,265 0 0
SPDR GOLD TR GOLD SHS 78463V107 233,350,311 633,450 SH SOLE 633,450 0 0
SPDR GOLD TR CALL 78463V907 81,043,600 2,200 SH Call SOLE 2,200 0 0
SPDR GOLD TR PUT 78463V957 477,052,100 12,950 SH Put SOLE 12,950 0 0
TESLA INC CALL 88160R901 198,733,500 4,725 SH Call SOLE 4,725 0 0
TESLA INC PUT 88160R951 85,171,500 2,025 SH Put SOLE 2,025 0 0
TEVOGEN BIO HLDGS INC W EXP 02/14/202 88165K119 710 12,500 SH SOLE 12,500 0 0
TPG RE FIN TR INC COM 87266M107 1,524,654 182,157 SH SOLE 182,157 0 0
UNITI GROUP LLC COM SHS 912932100 92,030,577 8,023,590 SH SOLE 8,023,590 0 0