| GGARRETT MOTION INCGTX |
| 12.67% | 7.12% | $19.9M | 550,000 | $14.5M | 800,000 | -250,000-31.25% | Reduce |
| EENERGY TRANSFER L PET |
| 10.94% | 8.51% | $17.2M | 900,000 | $17.4M | 900,000 | 00.00% | Unchanged |
| GGLOBAL SHIP LEASE INCGSL |
| 6.93% | 2.92% | $10.9M | 290,000 | $6.0M | 160,000 | +130,000+81.25% | Add |
| DDIVERSIFIED HEALTHCARE TRDHC |
| 6.21% | 5.21% | $9.8M | 1.1M | $10.6M | 1.6M | -550,000-34.38% | Reduce |
| TTARGET HOSPITALITY CORPTH |
| 5.61% | 1.71% | $8.8M | 433,100 | $3.5M | 375,000 | +58,100+15.49% | Add |
| BBROOKDALE SR LIVING INCBKD |
| 5.52% | 4.42% | $8.7M | 540,000 | $9.0M | 660,000 | -120,000-18.18% | Reduce |
| CCOVISTA INCCVSA |
| 4.36% | — | $6.9M | 55,000 | $0 | 0 | +55,000 | New Buy |
 VISTRA CORPVST |
| 4.03% | 3.68% | $6.3M | 40,000 | $7.5M | 50,000 | -10,000-20.00% | Reduce |
| TTALEN ENERGY CORPTLN |
| 3.91% | 4.69% | $6.1M | 16,000 | $9.6M | 30,000 | -14,000-46.67% | Reduce |
| VVANECK ETF TRUSTGDX |
| 3.84% | 3.6% | $6.0M | 80,000 | $7.3M | 80,000 | 00.00% | Unchanged |
| DDAUCH CORPDCH |
| 3.27% | 4.36% | $5.1M | 950,000 | $8.9M | 1.5M | -550,000-36.67% | Reduce |
 CELANESE CORP DELCE |
| 3.22% | 6.45% | $5.1M | 110,000 | $13.2M | 200,000 | -90,000-45.00% | Reduce |
 EXPAND ENERGY CORPORATIONEXE |
| 3.19% | 4.57% | $5.0M | 55,000 | $9.3M | 85,000 | -30,000-35.29% | Reduce |
| LLINCOLN EDL SVCS CORPLINC |
| 2.66% | 2.99% | $4.2M | 83,911 | $6.1M | 150,000 | -66,089-44.06% | Reduce |
 DOW HLDGS INC COMDOW |
| 2.61% | 3.67% | $4.1M | 150,000 | $7.5M | 180,000 | -30,000-16.67% | Reduce |
| NNRG ENERGY INCNRG |
| 2.51% | 4.3% | $3.9M | 27,000 | $8.8M | 60,000 | -33,000-55.00% | Reduce |
| KKYIVSTAR GROUP LTD ORDKYIVW |
| 2.47% | — | $3.9M | 240,000 | $0 | 0 | +240,000 | New Buy |
| LLUMEN TECHNOLOGIES INCLUMN |
| 2.44% | 1.45% | $3.8M | 500,000 | $3.0M | 425,000 | +75,000+17.65% | Add |
| UUNIVERSAL TECHNICAL INST INCUTI |
| 2.31% | 1.5% | $3.6M | 85,000 | $3.1M | 85,000 | 00.00% | Unchanged |
 EQT CORPEQT |
| 2.03% | 2.81% | $3.2M | 60,000 | $5.7M | 90,000 | -30,000-33.33% | Reduce |
 LYONDELLBASELL INDUSTRIES NV SHS - A -LYB |
| 2.01% | 2.37% | $3.2M | 60,000 | $4.8M | 60,000 | 00.00% | Unchanged |
| TTRANSOCEAN LTDRIG |
| 1.54% | 2.92% | $2.4M | 484,000 | $6.0M | 900,000 | -416,000-46.22% | Reduce |
| SSEADRILL LTDSDRL |
| 1.32% | 2.23% | $2.1M | 55,000 | $4.6M | 100,000 | -45,000-45.00% | Reduce |
| GGALAXY DIGITAL INC.GLXY |
| 1.22% | — | $1.9M | 70,000 | $0 | 0 | +70,000 | New Buy |
 ADT INC DELADT |
| 1.03% | — | $1.6M | 250,000 | $0 | 0 | +250,000 | New Buy |
| SSERVICE PPTYS TRSVC |
| 0.97% | — | $1.5M | 900,000 | $0 | 0 | +900,000 | New Buy |
| SSTATE STR SPDR S&P 500 ETF TSPY |
| 0.71% | 0.05% | $1.1M | 1,500 | $104,054 | 1,600 | -100-6.25% | Reduce |
| VVANGUARD INDEX FDSVOO |
| 0.47% | 0.06% | $736,400 | 1,000 | $115,436 | 2,000 | -1,000-50.00% | Reduce |
