Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ACHC	ACADIA HEALTHCARE COMPANY IN	2,337,236	$54.67M	0.7%	$14.53	0.0%	COM	00404A109
ACHC	ACADIA HEALTHCARE COMPANY IN	1,500,000	$35.09M	0.5%	$14.53	0.0%	PUT	00404A109
JBLU	JETBLUE AIRWAYS CORP	2,433,500	$10.76M	0.1%	—	—	CALL	477143101
CTRI	CENTURI HOLDINGS INC	200,000	$5.842M	0.1%	$22.00	+30.5%	CALL	155923105
SPHR	SPHERE ENTERTAINMENT CO	45,695	$5.365M	0.1%	$99.94	0.0%	CL A	55826T102

Increased Positions (16)

SPY STATE STR SPDR S&P 500 ETF T 77.1%

Value $5.902B (+21.5%) Shares 9,075,000 (+27.4%) Est. Cost — Unrealized —

VISN VISTANCE NETWORKS INC 1.8%

Value $139M (+396.2%) Shares 7,646,722 (+394.3%) Est. Cost $16.05 Unrealized +15.2%

VSAT VIASAT INC 1.9%

Value $148M (+44.3%) Shares 3,229,296 (+8.6%) Est. Cost $26.90 Unrealized +62.5%

BKD BROOKDALE SR LIVING INC 1.5%

Value $117M (+48.1%) Shares 8,586,874 (+16.8%) Est. Cost $7.67 Unrealized +80.6%

VSAT VIASAT INC 1.2%

Value $93.39M (+56.0%) Shares 2,039,100 (+17.4%) Est. Cost $26.90 Unrealized +62.5%

CTRI CENTURI HOLDINGS INC 1.7%

Value $133M (+32.3%) Shares 4,563,312 (+14.4%) Est. Cost $22.00 Unrealized +30.5%

CMCSA COMCAST CORP NEW 2.6%

Value $201M (+19.4%) Shares 6,985,200 (+16.4%) Est. Cost — Unrealized —

TDS TELEPHONE & DATA SYS INC 2.5%

Value $195M (+13.0%) Shares 4,623,934 (+10.0%) Est. Cost $35.57 Unrealized +24.7%

VAL/WS VALARIS LTD 0.2%

Value $16.09M (+1229.8%) Shares 1,006,319 (+46.4%) Est. Cost $5.85 Unrealized —

— SPHERE ENTERTAINMENT CO 0.9%

Value $71.9M (+23.2%) Shares 21,384,000 (+1.1%) Est. Cost $1.48 Unrealized —

DHC DIVERSIFIED HEALTHCARE TR 0.5%

Value $34.98M (+51.4%) Shares 5,268,435 (+10.6%) Est. Cost $5.34 Unrealized —

TLN TALEN ENERGY CORP 2.7%

Value $206M (-4.9%) Shares 644,484 (+11.6%) Est. Cost $252.52 Unrealized +45.8%

— ECHOSTAR CORP 1.2%

Value $91.91M (+11.4%) Shares 25,538,496 (+3.7%) Est. Cost $1.28 Unrealized —

CYH COMMUNITY HEALTH SYS INC NEW 0.1%

Value $3.886M (+283.2%) Shares 1,321,923 (+306.7%) Est. Cost $3.31 Unrealized -0.6%

OPTU OPTIMUM COMMUNICATIONS INC 0.1%

Value $8.546M (-13.9%) Shares 6,573,682 (+9.3%) Est. Cost $2.37 Unrealized -29.3%

CORZ CORE SCIENTIFIC INC NEW 0.0%

Value $1.513M (+3.9%) Shares 101,103 (+1.1%) Est. Cost $17.44 Unrealized +1.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STR SPDR S&P 500 ETF T	9,075,000 (+27.4%)	$5.902B (+21.5%)	77.1%	—	—	PUT	78462F103
VISN	VISTANCE NETWORKS INC	7,646,722 (+394.3%)	$139M (+396.2%)	1.8%	$16.05	+15.2%	COM	20337X109
VSAT	VIASAT INC	3,229,296 (+8.6%)	$148M (+44.3%)	1.9%	$26.90	+62.5%	COM	92552V100
BKD	BROOKDALE SR LIVING INC	8,586,874 (+16.8%)	$117M (+48.1%)	1.5%	$7.67	+80.6%	COM	112463104
VSAT	VIASAT INC	2,039,100 (+17.4%)	$93.39M (+56.0%)	1.2%	$26.90	+62.5%	CALL	92552V100
CTRI	CENTURI HOLDINGS INC	4,563,312 (+14.4%)	$133M (+32.3%)	1.7%	$22.00	+30.5%	COM SHS	155923105
CMCSA	COMCAST CORP NEW	6,985,200 (+16.4%)	$201M (+19.4%)	2.6%	—	—	CALL	20030N101
TDS	TELEPHONE & DATA SYS INC	4,623,934 (+10.0%)	$195M (+13.0%)	2.5%	$35.57	+24.7%	COM NEW	879433829
VAL/WS	VALARIS LTD	1,006,319 (+46.4%)	$16.09M (+1229.8%)	0.2%	$5.85	—	*W EXP 04/29/202	G9460G119
—	SPHERE ENTERTAINMENT CO	21,384,000 (+1.1%)	$71.9M (+23.2%)	0.9%	$1.48	—	NOTE 3.500%12/0	55826TAB8
DHC	DIVERSIFIED HEALTHCARE TR	5,268,435 (+10.6%)	$34.98M (+51.4%)	0.5%	$5.34	—	COM SH BEN INT	25525P107
TLN	TALEN ENERGY CORP	644,484 (+11.6%)	$206M (-4.9%)	2.7%	$252.52	+45.8%	COM	87422Q109
—	ECHOSTAR CORP	25,538,496 (+3.7%)	$91.91M (+11.4%)	1.2%	$1.28	—	NOTE 3.875%11/3	278768AB2
CYH	COMMUNITY HEALTH SYS INC NEW	1,321,923 (+306.7%)	$3.886M (+283.2%)	0.1%	$3.31	-0.6%	COM	203668108
OPTU	OPTIMUM COMMUNICATIONS INC	6,573,682 (+9.3%)	$8.546M (-13.9%)	0.1%	$2.37	-29.3%	CL A	02156K103
CORZ	CORE SCIENTIFIC INC NEW	101,103 (+1.1%)	$1.513M (+3.9%)	0.0%	$17.44	+1.5%	COM	21874A106

Exited Positions (4)

IEF ISHARES TR 14.5%

Value $1.106B Shares 11,500,000 Est. Cost — Unrealized —

GEO GEO GROUP INC NEW 0.2%

Value $16.01M Shares 992,931 Est. Cost $21.03 Unrealized -23.8%

KSS KOHLS CORP 0.2%

Value $15.31M Shares 750,000 Est. Cost — Unrealized —

CZR CAESARS ENTERTAINMENT INC NE 0.1%

Value $6.015M Shares 257,160 Est. Cost $32.18 Unrealized -31.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IEF	ISHARES TR	11,500,000	$1.106B	14.5%	—	—	PUT	464287440
GEO	GEO GROUP INC NEW	992,931	$16.01M	0.2%	$21.03	-23.8%	—	36162J106
KSS	KOHLS CORP	750,000	$15.31M	0.2%	—	—	PUT	500255104
CZR	CAESARS ENTERTAINMENT INC NE	257,160	$6.015M	0.1%	$32.18	-31.6%	—	12769G100

Decreased Positions (8)

SATS ECHOSTAR CORP 0.3%

Value $25.14M (-42.2%) Shares 214,700 (-46.3%) Est. Cost $46.34 Unrealized +151.1%

CPT CAMDEN PPTY TR 0.1%

Value $7.558M (-30.2%) Shares 77,393 (-21.3%) Est. Cost $112.72 Unrealized -2.3%

AVB AVALONBAY CMNTYS INC 0.1%

Value $6.727M (-29.1%) Shares 41,180 (-21.3%) Est. Cost $189.38 Unrealized -4.7%

UDR UDR INC 0.1%

Value $7.034M (-27.5%) Shares 208,225 (-21.3%) Est. Cost $39.06 Unrealized -6.1%

EQR EQUITY RESIDENTIAL 0.1%

Value $7.279M (-26.2%) Shares 123,062 (-21.3%) Est. Cost $62.70 Unrealized -1.1%

MAA MID-AMER APT CMNTYS INC 0.1%

Value $4.254M (-30.8%) Shares 34,837 (-21.3%) Est. Cost $152.68 Unrealized -8.9%

SATS ECHOSTAR CORP 0.9%

Value $68.26M (-2.5%) Shares 583,085 (-9.4%) Est. Cost $46.34 Unrealized +151.1%

ESS ESSEX PPTY TR INC 0.1%

Value $4.285M (-27.2%) Shares 17,705 (-21.3%) Est. Cost $280.72 Unrealized -8.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP	214,700 (-46.3%)	$25.14M (-42.2%)	0.3%	$46.34	+151.1%	CALL	278768106
CPT	CAMDEN PPTY TR	77,393 (-21.3%)	$7.558M (-30.2%)	0.1%	$112.72	-2.3%	SH BEN INT	133131102
AVB	AVALONBAY CMNTYS INC	41,180 (-21.3%)	$6.727M (-29.1%)	0.1%	$189.38	-4.7%	COM	053484101
UDR	UDR INC	208,225 (-21.3%)	$7.034M (-27.5%)	0.1%	$39.06	-6.1%	COM	902653104
EQR	EQUITY RESIDENTIAL	123,062 (-21.3%)	$7.279M (-26.2%)	0.1%	$62.70	-1.1%	SH BEN INT	29476L107
MAA	MID-AMER APT CMNTYS INC	34,837 (-21.3%)	$4.254M (-30.8%)	0.1%	$152.68	-8.9%	COM	59522J103
SATS	ECHOSTAR CORP	583,085 (-9.4%)	$68.26M (-2.5%)	0.9%	$46.34	+151.1%	CL A	278768106
ESS	ESSEX PPTY TR INC	17,705 (-21.3%)	$4.285M (-27.2%)	0.1%	$280.72	-8.5%	COM	297178105

Unchanged Positions (3)

CNNE CANNAE HLDGS INC 0.5%

Value $37.1M Shares 3,262,648 Est. Cost $18.63 Unrealized -21.3%

WW WW INTL INC 0.1%

Value $6.275M Shares 456,720 Est. Cost $34.19 Unrealized -29.3%

— BROOKDALE SR LIVING INC 0.0%

Value $3.429M Shares 2,000,000 Est. Cost $1.04 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CNNE	CANNAE HLDGS INC	3,262,648	$37.1M	0.5%	$18.63	-21.3%	COM	13765N107
WW	WW INTL INC	456,720	$6.275M	0.1%	$34.19	-29.3%	COM NEW	98262P200
—	BROOKDALE SR LIVING INC	2,000,000	$3.429M	0.0%	$1.04	—	NOTE 2.000%10/1	112463AC8