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
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
AERCAP HOLDINGS NV SHS N00985106 39,233 682,069 SH   SOLE 1, 2 682,069 0 0
AETNA INC NEW COM 00817Y108 16,695 82,300 SH   SOLE 1, 2 82,300 0 0
AIR LEASE CORP CL A 00912X302 1,973 43,000 SH   SOLE 1, 2 43,000 0 0
ANDEAVOR COM 03349M105 22,974 149,667 SH   SOLE 1, 2 149,667 0 0
ANTERO RES CORP COM 03674X106 2,828 159,674 SH   SOLE 1, 2 159,674 0 0
APPLIED MATLS INC COM 038222105 6,084 157,414 SH   SOLE 1, 2 157,414 0 0
AVIS BUDGET GROUP COM 053774105 17,235 536,252 SH   SOLE 1, 2 536,252 0 0
BOEING CO COM 097023105 17,838 47,965 SH   SOLE 1, 2 47,965 0 0
CITIGROUP INC COM NEW 172967424 13,774 192,000 SH   SOLE 1, 2 192,000 0 0
CROWN HOLDINGS INC COM 228368106 1,008 21,000 SH   SOLE 1, 2 21,000 0 0
DELEK US HLDGS INC NEW COM 24665A103 14,651 345,297 SH   SOLE 1, 2 345,297 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 29,659 512,862 SH   SOLE 1, 2 512,862 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 14,177 509,975 SH   SOLE 1, 2 509,975 0 0
GRAFTECH INTL LTD COM 384313508 11,535 591,255 SH   SOLE 1, 2 591,255 0 0
ISHARES TR 20 YR TR BD ETF 464287432 1,173 10,000 SH   SOLE 1, 2 10,000 0 0
KINDER MORGAN INC DEL COM 49456B101 5,248 296,000 SH   SOLE 1, 2 296,000 0 0
LENNAR CORP CL A 526057104 1,401 30,000 SH   SOLE 1, 2 30,000 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 253 16,828 SH   SOLE 1, 2 16,828 0 0
MGM RESORTS INTERNATIONAL COM 552953101 279 10,000 SH   SOLE 1, 2 10,000 0 0
MICRON TECHNOLOGY INC COM 595112103 3,111 68,792 SH   SOLE 1, 2 68,792 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 1,812 101,661 SH   SOLE 1, 2 101,661 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 12,829 157,600 SH   SOLE 1, 2 157,600 0 0
NOBLE ENERGY INC COM 655044105 678 21,741 SH   SOLE 1, 2 21,741 0 0
NORFOLK SOUTHERN CORP COM 655844108 5,527 30,618 SH   SOLE 1, 2 30,618 0 0
NRG ENERGY INC COM NEW 629377508 29,780 796,268 SH   SOLE 1, 2 796,268 0 0
PENN VA CORP NEW COM 70788V102 16,312 202,533 SH   SOLE 1, 2 202,533 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 30,614 271,500 SH   SOLE 1, 2 271,500 0 0
STARWOOD PPTY TR INC COM 85571B105 19,246 894,316 SH   SOLE 1, 2 894,316 0 0
T MOBILE US INC COM 872590104 6,667 95,000 SH   SOLE 1, 2 95,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 4,827 346,000 SH   SOLE 1, 2 346,000 0 0
TRIBUNE MEDIA CO CL A 896047503 769 20,000 SH   SOLE 1, 2 20,000 0 0
TRONOX LTD SHS CL A Q9235V101 268 22,434 SH   SOLE 1, 2 22,434 0 0
UNITED CONTL HLDGS INC COM 910047109 14,517 163,000 SH   SOLE 1, 2 163,000 0 0
UNITED RENTALS INC COM 911363109 8,264 50,514 SH   SOLE 1, 2 50,514 0 0
VULCAN MATLS CO COM 929160109 7,152 64,319 SH   SOLE 1, 2 64,319 0 0
WILDHORSE RESOURCE DEV CORP COM 96812T102 10,753 454,858 SH   SOLE 1, 2 454,858 0 0
WMIH CORP COM 92936P100 10,019 7,207,977 SH   SOLE 1, 2 7,207,977 0 0
WPX ENERGY INC COM 98212B103 4,225 210,000 SH   SOLE 1, 2 210,000 0 0