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
ALBEMARLE CORP COM 012653101 6,179 72,274 SH   DFND 1,2 72,274 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 2,978 103,840 SH   DFND 1,2 103,840 0 0
AVERY DENNISON CORP COM 053611109 3,746 48,154 SH   DFND 1,2 48,154 0 0
AXALTA COATING SYS LTD COM G0750C108 6,226 220,240 SH   DFND 1,2 220,240 0 0
BAKER HUGHES INC COM 057224107 964 19,100 SH   DFND 1,2 19,100 0 0
BEACON ROOFING SUPPLY INC COM 073685109 2,767 65,777 SH   DFND 1,2 65,777 0 0
BERRY PLASTICS GROUP INC COM 08579W103 5,688 129,723 SH   DFND 1,2 129,723 0 0
BRISTOW GROUP INC COM 110394103 1,901 135,578 SH   DFND 1,2 135,578 0 0
CAL MAINE FOODS INC COM NEW 128030202 2,682 69,598 SH   DFND 1,2 69,598 0 0
CHEMTURA CORP COM NEW 163893209 2,630 80,168 SH   DFND 1,2 80,168 0 0
CHESAPEAKE ENERGY CORP COM 165167107 2,941 469,022 SH   DFND 1,2 469,022 0 0
CHEVRON CORP NEW COM 166764100 4,477 43,501 SH   DFND 1,2 43,501 0 0
CIMAREX ENERGY CO COM 171798101 11,887 88,466 SH   DFND 1,2 88,466 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,434 55,177 SH   DFND 1,2 55,177 0 0
ECLIPSE RES CORP COM 27890G100 1,085 329,723 SH   DFND 1,2 329,723 0 0
ENERGEN CORP COM 29265N108 7,463 129,300 SH   DFND 1,2 129,300 0 0
ENERPLUS CORP COM 292766102 6,349 989,509 SH   DFND 1,2 989,509 0 0
EP ENERGY CORP CL A 268785102 1,298 296,398 SH   DFND 1,2 296,398 0 0
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 806 95,007 SH   DFND 1,2 95,007 0 0
FERROGLOBE PLC SHS G33856108 462 51,175 SH   DFND 1,2 51,175 0 0
FIRSTENERGY CORP COM 337932107 4,180 126,369 SH   DFND 1,2 126,369 0 0
FLOTEK INDS INC DEL COM 343389102 1,307 89,888 SH   DFND 1,2 89,888 0 0
FORTIVE CORP COM 34959J108 2,202 43,253 SH   DFND 1,2 43,253 0 0
GENERAL ELECTRIC CO COM 369604103 2,621 88,502 SH   DFND 1,2 88,502 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 2,004 246,470 SH   DFND 1,2 246,470 0 0
HUNTSMAN CORP COM 447011107 2,576 158,311 SH   DFND 1,2 158,311 0 0
KAR AUCTION SVCS INC COM 48238T109 3,751 86,904 SH   DFND 1,2 86,904 0 0
KRATON CORPORATION COM 50077C106 1,084 30,932 SH   DFND 1,2 30,932 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 4,528 54,396 SH   DFND 1,2 54,396 0 0
MARATHON PETE CORP COM 56585A102 2,256 55,588 SH   DFND 1,2 55,588 0 0
NATIONAL OILWELL VARCO INC COM 637071101 4,976 135,435 SH   DFND 1,2 135,435 0 0
NEWFIELD EXPL CO COM 651290108 13,032 299,860 SH   DFND 1,2 299,860 0 0
NEXTERA ENERGY PARTNERS LP COM UNIT PART IN 65341B106 1,690 60,424 SH   DFND 1,2 60,424 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 1,675 165,714 SH   DFND 1,2 165,714 0 0
OSHKOSH CORP COM 688239201 944 16,856 SH   DFND 1,2 16,856 0 0
PARSLEY ENERGY INC CL A 701877102 4,913 146,613 SH   DFND 1,2 146,613 0 0
PHILLIPS 66 COM 718546104 3,426 42,531 SH   DFND 1,2 42,531 0 0
PIONEER NAT RES CO COM 723787107 13,635 73,442 SH   DFND 1,2 73,442 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 1,170 144,222 SH   DFND 1,2 144,222 0 0
QEP RES INC COM 74733V100 12,513 640,712 SH   DFND 1,2 640,712 0 0
RANGE RES CORP COM 75281A109 3,945 101,799 SH   DFND 1,2 101,799 0 0
RESOLUTE ENERGY CORP COM NEW 76116A306 2,528 97,013 SH   DFND 1,2 97,013 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 2,395 157,958 SH   DFND 1,2 157,958 0 0
RSP PERMIAN INC COM 74978Q105 2,535 65,361 SH   DFND 1,2 65,361 0 0
SEADRILL LIMITED SHS G7945E105 470 198,478 SH   DFND 1,2 198,478 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 9,785 204,930 SH   DFND 1,2 204,930 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 3,131 53,630 SH   DFND 1,2 53,630 0 0
SM ENERGY CO COM 78454L100 4,096 106,176 SH   DFND 1,2 106,176 0 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 2,092 77,779 SH   DFND 1,2 77,779 0 0
STEEL DYNAMICS INC COM 858119100 5,273 211,008 SH   DFND 1,2 211,008 0 0
SYNERGY RES CORP COM 87164P103 5,635 813,071 SH   DFND 1,2 813,071 0 0
TEREX CORP NEW COM 880779103 1,819 71,585 SH   DFND 1,2 71,585 0 0
TESORO CORP COM 881609101 2,027 25,475 SH   DFND 1,2 25,475 0 0
TOPBUILD CORP COM 89055F103 2,268 68,305 SH   DFND 1,2 68,305 0 0
TRINITY INDS INC COM 896522109 3,024 125,079 SH   DFND 1,2 125,079 0 0
U S SILICA HLDGS INC COM 90346E103 1,567 33,657 SH   DFND 1,2 33,657 0 0
UNITED RENTALS INC COM 911363109 3,127 39,837 SH   DFND 1,2 39,837 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189F718 7,239 247,224 SH   DFND 1,2 247,224 0 0
VULCAN MATLS CO COM 929160109 4,657 40,951 SH   DFND 1,2 40,951 0 0
WABCO HLDGS INC COM 92927K102 4,622 40,712 SH   DFND 1,2 40,712 0 0
WESCO INTL INC COM 95082P105 2,179 35,439 SH   DFND 1,2 35,439 0 0
WESTERN REFNG INC COM 959319104 3,132 118,373 SH   DFND 1,2 118,373 0 0
WESTLAKE CHEM CORP COM 960413102 5,249 98,108 SH   DFND 1,2 98,108 0 0
WILLIAMS COS INC DEL COM 969457100 3,346 108,877 SH   DFND 1,2 108,877 0 0
WPX ENERGY INC COM 98212B103 9,588 726,952 SH   DFND 1,2 726,952 0 0