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
BROOKDALE SR LIVING INC NOTE 2.000%10/1 112463AC8   12,959,000 12,961,000 PRN   SOLE   12,961,000 0 0
BROOKDALE SR LIVING INC NOTE 2.000%10/1 112463AC8   3,837,000 3,837,000 PRN   OTR   3,837,000 0 0
GEO CORRECTIONS HOLDINGS INC NOTE 6.500% 2/2 36166WAB9   272,000 158,686 PRN   SOLE   158,686 0 0
GEO CORRECTIONS HOLDINGS INC NOTE 6.500% 2/2 36166WAB9   71,000 41,314 PRN   OTR   41,314 0 0
A-MARK PRECIOUS METALS INC COM 00181T107   6,411,137 198,058 SH   SOLE   198,058 0 0
A-MARK PRECIOUS METALS INC COM 00181T107   2,637,475 81,479 SH   OTR   81,479 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   30,131,464 255,200 SH Put SOLE   0 0 255,200
APOLLO GLOBAL MGMT INC COM 03769M106   12,373,736 104,800 SH Put OTR   0 0 104,800
BLACKSTONE INC COM 09260D107   68,250,940 551,300 SH Put SOLE   0 0 551,300
BLACKSTONE INC COM 09260D107   27,755,960 224,200 SH Put OTR   0 0 224,200
BROOKDALE SR LIVING INC COM 112463104   33,612,978 4,921,373 SH   SOLE   4,921,373 0 0
BROOKDALE SR LIVING INC COM 112463104   9,024,547 1,321,310 SH   OTR   1,321,310 0 0
BROOKDALE SR LIVING INC UNIT 11/15/2025 112463302   19,549,387 213,294 SH   SOLE   213,294 0 0
BROOKDALE SR LIVING INC UNIT 11/15/2025 112463302   11,281,221 123,084 SH   OTR   123,084 0 0
CONSOL ENERGY INC NEW COM 20854L108   1,805,931 17,700 SH Call SOLE   0 0 17,700
CONSOL ENERGY INC NEW COM 20854L108   744,819 7,300 SH Call OTR   0 0 7,300
CONSOL ENERGY INC NEW COM 20854L108   4,992,838 48,935 SH   SOLE   48,935 0 0
CONSOL ENERGY INC NEW COM 20854L108   2,135,080 20,926 SH   OTR   20,926 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107   52,313,441 17,151,948 SH   SOLE   17,151,948 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107   19,321,909 6,335,052 SH   OTR   6,335,052 0 0
EASTMAN KODAK CO COM NEW 277461406   9,553,616 1,775,765 SH   SOLE   1,775,765 0 0
EASTMAN KODAK CO COM NEW 277461406   4,162,345 773,670 SH   OTR   773,670 0 0
GRIFOLS S A SP ADR REP B NVT 398438408   8,137,864 1,290,700 SH Call SOLE   0 0 1,290,700
GRIFOLS S A SP ADR REP B NVT 398438408   3,233,835 512,900 SH Call OTR   0 0 512,900
GRIFOLS S A SP ADR REP B NVT 398438408   42,242,333 6,699,815 SH   SOLE   6,699,815 0 0
GRIFOLS S A SP ADR REP B NVT 398438408   14,354,001 2,276,606 SH   OTR   2,276,606 0 0
ISHARES TR U.S. REAL ES ETF 464287739   17,205,814 196,100 SH Put SOLE   0 0 196,100
ISHARES TR U.S. REAL ES ETF 464287739   7,054,296 80,400 SH Put OTR   0 0 80,400
KKR & CO INC COM 48251W104   11,229,108 106,700 SH Put SOLE   0 0 106,700
KKR & CO INC COM 48251W104   4,577,940 43,500 SH Put OTR   0 0 43,500
MARATHON PETE CORP COM 56585A102   9,229,136 53,200 SH Put SOLE   0 0 53,200
MARATHON PETE CORP COM 56585A102   3,781,864 21,800 SH Put OTR   0 0 21,800
SEACOR MARINE HLDGS INC COM 78413P101   8,024,999 594,885 SH   SOLE   594,885 0 0
SEACOR MARINE HLDGS INC COM 78413P101   2,985,377 221,303 SH   OTR   221,303 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   219,756,036 403,800 SH Put SOLE   0 0 403,800
SPDR S&P 500 ETF TR TR UNIT 78462F103   89,959,566 165,300 SH Put OTR   0 0 165,300
TEGNA INC COM 87901J105   319,226 22,900 SH Call SOLE   0 0 22,900
TEGNA INC COM 87901J105   168,674 12,100 SH Call OTR   0 0 12,100
TESLA INC COM 88160R101   80,101,825 404,800 SH Put SOLE   0 0 404,800
TESLA INC COM 88160R101   32,828,292 165,900 SH Put OTR   0 0 165,900
TIDEWATER INC NEW COM 88642R109   3,437,081 36,100 SH Put SOLE   0 0 36,100
TIDEWATER INC NEW COM 88642R109   1,399,587 14,700 SH Put OTR   0 0 14,700
VALERO ENERGY CORP COM 91913Y100   11,129,960 71,000 SH Put SOLE   0 0 71,000
VALERO ENERGY CORP COM 91913Y100   4,546,040 29,000 SH Put OTR   0 0 29,000
VANECK ETF TRUST GOLD MINERS ETF 92189F106   35,775,792 1,054,400 SH Call SOLE   0 0 1,054,400
VANECK ETF TRUST GOLD MINERS ETF 92189F106   14,824,017 436,900 SH Call OTR   0 0 436,900
WELLTOWER INC COM 95040Q104   77,614,125 744,500 SH Put SOLE   0 0 744,500
WELLTOWER INC COM 95040Q104   25,551,675 245,100 SH Put OTR   0 0 245,100