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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CBRE Group Inc. CL A 12504L109   83,153 1,080,476 SH   DFND 1, 2 0 0 1,080,476
Cleveland-Cliffs Inc. COM 185899101   14,767 916,656 SH   DFND 1, 2 0 0 916,656
Delta Air Lines COM 247361702   196,492 5,979,662 SH   DFND 1, 2 0 5,979,662 0
Franklin Resources Inc. COM 354613101   46,400 1,758,916 SH   DFND 1, 2 0 1,758,916 0
PG&E Corporation COM 69331C108   401,948 24,720,061 SH   DFND 1, 2 0 24,720,061 0