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

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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
CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 5,648 2,214,998 SH   SOLE   2,214,998 0 0
CONSTELLIUM SE CL A SHS F21107101 7,488 953,884 SH   SOLE   953,884 0 0
ENZO BIOCHEM INC COM 294100102 6,225 2,950,204 SH   SOLE   2,950,204 0 0
FRONTLINE LTD SHS NEW G3682E192 14,938 2,298,146 SH   SOLE   2,298,146 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 14,057 2,037,309 SH   SOLE   2,037,309 0 0
IAC INTERACTIVECORP NEW COM 44891N109 6,150 51,342 SH   SOLE   51,342 0 0
KKR & CO INC COM 48251W104 7,331 213,487 SH   SOLE   213,487 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 19,633 1,433,034 SH   SOLE   1,433,034 0 0
SCORPIO BULKERS INC COM Y7546A130 2,263 159,803 SH   SOLE   159,803 0 0
STAR BULK CARRIERS CORP. SHS PAR Y8162K204 3,515 510,223 SH   SOLE   510,223 0 0
SCORPIO TANKERS INC SHS Y7542C130 3,163 285,727 SH   SOLE   285,727 0 0
TSAKOS ENERGY NAVIGATION LTD SHS G9108L173 266 33,525 SH   SOLE   33,525 0 0
VIA OPTRONICS AG SPONSORED ADS 91823Y109 2,031 228,000 SH   SOLE   228,000 0 0
XPERI HOLDING CORP COM 98390M103 3,897 339,167 SH   SOLE   339,167 0 0
BARCLAYS BANK PLC IPTH SR B S&P 06746P621 4,980 200,000 SH Call SOLE   0 0 200,000
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 3,635 100,000 SH Put SOLE   0 0 100,000
IAC INTERACTIVECORP NEW COM 44891N109 2,995 25,000 SH Call SOLE   0 0 25,000
STAR BULK CARRIERS CORP. SHS PAR Y8162K204 1,034 150,000 SH Call SOLE   0 0 150,000
SCORPIO TANKERS INC SHS Y7542C130 1,107 100,000 SH Call SOLE   0 0 100,000