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
ADVERUM BIOTECHNOLOGIES INC COM 00773U108 6,224 6,552,068 SH   SOLE N/A 6,552,068 0 0
ALGOMA STL GROUP INC COM 015658107 7,728 1,200,000 SH   SOLE N/A 1,200,000 0 0
ALGOMA STL GROUP INC *W EXP 10/19/202 015658115 269 279,995 SH   SOLE N/A 279,995 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 1,991 100,000 SH   SOLE N/A 100,000 0 0
AUTHID INC COM NEW 46264C206 2,890 1,000,000 SH   SOLE N/A 1,000,000 0 0
BP PLC SPONSORED ADR 055622104 2,855 100,000 SH   SOLE N/A 100,000 0 0
BRIGHTHOUSE FINL INC COM 10922N103 8,684 200,000 SH   SOLE N/A 200,000 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 6,173 150,000 SH   SOLE N/A 150,000 0 0
CITIGROUP INC COM NEW 172967424 8,365 200,740 SH   SOLE N/A 200,740 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 4,756 200,000 SH   SOLE N/A 200,000 0 0
FENNEC PHARMACEUTICALS INC COM 31447P100 19,500 2,407,357 SH   SOLE N/A 2,407,357 0 0
GENWORTH FINL INC COM CL A 37247D106 8,168 2,333,830 SH   SOLE N/A 2,333,830 0 0
HAWAIIAN HOLDINGS INC COM 419879101 3,945 300,000 SH   SOLE N/A 300,000 0 0
KOHLS CORP COM 500255104 7,545 300,000 SH   SOLE N/A 300,000 0 0
OLYMPIC STEEL INC COM 68162K106 684 30,000 SH   SOLE N/A 30,000 0 0
RADIAN GROUP INC COM 750236101 5,787 300,000 SH   SOLE N/A 300,000 0 0
REE AUTOMOTIVE LTD CLASS A ORD SHS M8287R103 2,455 3,602,395 SH   SOLE N/A 3,602,395 0 0
REGENXBIO INC COM 75901B107 5,103 193,079 SH   SOLE N/A 193,079 0 0
SEAWORLD ENTMT INC COM 81282V100 6,827 150,000 SH   SOLE N/A 150,000 0 0
SIRIUSPOINT LTD COM G8192H106 1,991 402,185 SH   SOLE N/A 402,185 0 0
SPIRIT AIRLS INC COM 848577102 11,292 600,000 SH   SOLE N/A 600,000 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 2,610 213,055 SH   SOLE N/A 213,055 0 0
UNIQURE NV SHS N90064101 938 50,000 SH   SOLE N/A 50,000 0 0
UNITED AIRLS HLDGS INC COM 910047109 5,588 171,785 SH   SOLE N/A 171,785 0 0
UNITED STATES STL CORP NEW COM 912909108 5,436 300,000 SH   SOLE N/A 300,000 0 0
US FOODS HLDG CORP COM 912008109 5,288 200,000 SH   SOLE N/A 200,000 0 0
VIRTU FINL INC CL A 928254101 4,154 200,000 SH   SOLE N/A 200,000 0 0