The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| ALASKA AIR GROUP INC | COM | 011659109 | 7,946 | 115,400 | SH | DFND | 1 | 0 | 115,400 | 0 | |
| AMAZON COM INC | COM | 023135106 | 837 | 418 | SH | DFND | 1 | 0 | 418 | 0 | |
| AMERICAN AIRLS GROUP INC | COM | 02376R102 | 4,203 | 101,700 | SH | DFND | 1 | 0 | 101,700 | 0 | |
| AMERICAN AXLE & MFG HLDGS IN | COM | 024061103 | 2,848 | 163,300 | SH | DFND | 1 | 0 | 163,300 | 0 | |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 | 13,677 | 256,900 | SH | DFND | 1 | 0 | 256,900 | 0 | |
| BANK AMER CORP | COM | 060505104 | 12,654 | 429,529 | SH | DFND | 1 | 0 | 429,529 | 0 | |
| BRP INC | COM SUN VTG | 05577W200 | 938 | 20,000 | SH | DFND | 1 | 0 | 20,000 | 0 | |
| CITIZENS FINL GROUP INC | COM | 174610105 | 7,691 | 199,400 | SH | DFND | 1 | 0 | 199,400 | 0 | |
| FARFETCH LTD | ORD SH CL A | 30744W107 | 501 | 18,400 | SH | DFND | 1 | 0 | 18,400 | 0 | |
| FIAT CHRYSLER AUTOMOBILES N | SHS | N31738102 | 2,889 | 165,000 | SH | DFND | 1 | 0 | 165,000 | 0 | |
| GOODYEAR TIRE & RUBR CO | COM | 382550101 | 943 | 40,309 | SH | DFND | 1 | 0 | 40,309 | 0 | |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 10,661 | 213,400 | SH | DFND | 1 | 0 | 213,400 | 0 | |
| KEYCORP NEW | COM | 493267108 | 12,982 | 652,700 | SH | DFND | 1 | 0 | 652,700 | 0 | |
| LIBERTY GLOBAL PLC | SHS CL A | G5480U104 | 1,928 | 66,639 | SH | DFND | 1 | 0 | 66,639 | 0 | |
| NAVISTAR INTL CORP NEW | COM | 63934E108 | 2,449 | 63,605 | SH | DFND | 1 | 0 | 63,605 | 0 | |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | 2,849 | 33,319 | SH | DFND | 1 | 0 | 33,319 | 0 | |
| OPERA LTD | SPONSORED ADS | 68373M107 | 90 | 10,000 | SH | DFND | 1 | 0 | 10,000 | 0 | |
| PACCAR INC | COM | 693718108 | 1,016 | 14,900 | SH | DFND | 1 | 0 | 14,900 | 0 | |
| SLM CORP | COM | 78442P106 | 8,623 | 773,359 | SH | DFND | 1 | 0 | 773,359 | 0 | |
| TIM PARTICIPACOES S A | SPONSORED ADR | 88706P205 | 8,084 | 557,881 | SH | DFND | 1 | 0 | 557,881 | 0 | |
| VOYA FINL INC | COM | 929089100 | 11,760 | 236,769 | SH | DFND | 1 | 0 | 236,769 | 0 | |