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
AMERICAN AXLE & MFG HLDGS IN COM 024061103 211 13,500 SH   DFND 1 0 13,500 0
ASHLAND GLOBAL HLDGS INC COM 044186104 37,099 562,874 SH   DFND 1 0 562,874 0
ATHENE HLDG LTD CL A G0684D107 4,073 82,097 SH   DFND 1 0 82,097 0
BANC OF CALIFORNIA INC COM 05990K106 5,375 250,000 SH Put DFND 1 0 250,000 0
BANK AMER CORP COM 060505104 13,019 536,629 SH   DFND 1 0 536,629 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 1,338 53,740 SH   DFND 1 0 53,740 0
BLUE BUFFALO PET PRODS INC COM 09531U102 684 30,000 SH   DFND 1 0 30,000 0
BURLINGTON STORES INC COM 122017106 1,039 11,300 SH   DFND 1 0 11,300 0
CANADA GOOSE HOLDINGS INC SHS SUB VTG 135086106 2,963 150,000 SH   DFND 1 0 150,000 0
CITIZENS FINL GROUP INC COM 174610105 3,019 84,600 SH   DFND 1 0 84,600 0
COCA COLA CO COM 191216100 3,140 70,000 SH Call DFND 1 0 70,000 0
COLGATE PALMOLIVE CO COM 194162103 2,261 30,500 SH Call DFND 1 0 30,500 0
DISCOVER FINL SVCS COM 254709108 3,072 49,400 SH   DFND 1 0 49,400 0
E TRADE FINANCIAL CORP COM NEW 269246401 34,892 917,478 SH   DFND 1 0 917,478 0
EAGLE MATERIALS INC COM 26969P108 1,164 12,600 SH   DFND 1 0 12,600 0
EDGEWELL PERS CARE CO COM 28035Q102 4,561 60,000 SH   DFND 1 0 60,000 0
ENERGIZER HLDGS INC NEW COM 29272W109 1,921 40,000 SH   DFND 1 0 40,000 0
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 473 121,246 SH   DFND 1 0 121,246 0
FIFTH THIRD BANCORP COM 316773100 7,674 295,610 SH   DFND 1 0 295,610 0
FOOT LOCKER INC COM 344849104 1,478 30,000 SH   DFND 1 0 30,000 0
GASLOG LTD SHS G37585109 1,144 75,023 SH   DFND 1 0 75,023 0
GCP APPLIED TECHNOLOGIES INC COM 36164Y101 5,460 179,002 SH   DFND 1 0 179,002 0
GENERAL MLS INC COM 370334104 1,524 27,500 SH Call DFND 1 0 27,500 0
GOLAR LNG LTD BERMUDA SHS G9456A100 5,273 236,989 SH   DFND 1 0 236,989 0
GOODYEAR TIRE & RUBR CO COM 382550101 521 14,900 SH   DFND 1 0 14,900 0
GRACE W R & CO DEL NEW COM 38388F108 26,231 364,275 SH   DFND 1 0 364,275 0
HERSHEY CO COM 427866108 1,074 10,000 SH   DFND 1 0 10,000 0
HUNTINGTON BANCSHARES INC COM 446150104 6,417 474,600 SH   DFND 1 0 474,600 0
HUNTSMAN CORP COM 447011107 18,995 735,100 SH   DFND 1 0 735,100 0
ISHARES MSCI STH KOR ETF 464286772 33,905 500,000 SH Put DFND 1 0 500,000 0
KEANE GROUP INC COM 48669A108 1,132 70,758 SH   DFND 1 0 70,758 0
KELLOGG CO COM 487836108 2,084 30,000 SH Call DFND 1 0 30,000 0
KEYCORP NEW COM 493267108 7,826 417,600 SH   DFND 1 0 417,600 0
KIMBERLY CLARK CORP COM 494368103 2,582 20,000 SH Call DFND 1 0 20,000 0
KOSMOS ENERGY LTD SHS G5315B107 858 133,900 SH   DFND 1 0 133,900 0
KRAFT HEINZ CO COM 500754106 6,851 80,000 SH   DFND 1 0 80,000 0
LINCOLN NATL CORP IND COM 534187109 4,352 64,400 SH   DFND 1 0 64,400 0
METLIFE INC COM 59156R108 8,659 157,600 SH   DFND 1 0 157,600 0
MONDELEZ INTL INC CL A 609207105 3,671 85,000 SH   DFND 1 0 85,000 0
NABORS INDUSTRIES LTD SHS G6359F103 1,071 131,577 SH   DFND 1 0 131,577 0
NEW YORK REIT INC COM 64976L109 6,134 709,933 SH   DFND 1 0 709,933 0
NIKE INC CL B 654106103 555 9,400 SH   DFND 1 0 9,400 0
NOVAGOLD RES INC COM NEW 66987E206 11,557 2,534,464 SH   DFND 1 0 2,534,464 0
ONEMAIN HLDGS INC COM 68268W103 3,015 122,628 SH   DFND 1 0 122,628 0
ORBITAL ATK INC COM 68557N103 7,404 75,271 SH   DFND 1 0 75,271 0
PINNACLE FOODS INC DEL COM 72348P104 4,752 80,000 SH   DFND 1 0 80,000 0
POPULAR INC COM NEW 733174700 44,665 1,070,839 SH   DFND 1 0 1,070,839 0
POST HLDGS INC COM 737446104 1,165 15,000 SH   DFND 1 0 15,000 0
PRECISION DRILLING CORP COM 2010 74022D308 1,576 462,028 SH   DFND 1 0 462,028 0
PROPETRO HLDG CORP COM 74347M108 1,125 80,589 SH   DFND 1 0 80,589 0
QUANTENNA COMMUNICATIONS INC COM 74766D100 4,979 262,077 SH   DFND 1 0 262,077 0
S&P GLOBAL INC COM 78409V104 5,299 36,300 SH   DFND 1 0 36,300 0
SANTANDER CONSUMER USA HDG I COM 80283M101 3,681 288,508 SH   DFND 1 0 288,508 0
SELECT ENERGY SVCS INC CL A COM 81617J301 1,694 139,445 SH   DFND 1 0 139,445 0
SIGNET JEWELERS LIMITED SHS G81276100 2,251 35,600 SH   DFND 1 0 35,600 0
SKECHERS U S A INC CL A 830566105 1,059 35,900 SH   DFND 1 0 35,900 0
SLM CORP COM 78442P106 6,179 537,300 SH   DFND 1 0 537,300 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,418 10,000 SH Put DFND 1 0 10,000 0
SYNCHRONY FINL COM 87165B103 6,072 203,633 SH   DFND 1 0 203,633 0
U S CONCRETE INC COM NEW 90333L201 2,820 35,900 SH   DFND 1 0 35,900 0
U S SILICA HLDGS INC COM 90346E103 1,471 41,459 SH   DFND 1 0 41,459 0
UNITED CONTL HLDGS INC COM 910047109 9,767 129,800 SH   DFND 1 0 129,800 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 16,690 500,000 SH Call DFND 1 0 500,000 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189F718 3,027 122,100 SH   DFND 1 0 122,100 0
WHEATON PRECIOUS METALS CORP COM 962879102 3,012 151,431 SH   DFND 1 0 151,431 0
WHOLE FOODS MKT INC COM 966837106 1,684 40,000 SH Call DFND 1 0 40,000 0