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
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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 183,603 2,710,000 SH   SOLE N/A 2,710,000 0 0
ALLEGIANT TRAVEL CO COM 01748X102 282,484 1,623,100 SH   SOLE N/A 1,623,100 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 102,105 3,560,134 SH   SOLE N/A 3,560,134 0 0
ANTERO MIDSTREAM CORP COM 03676B102 2,657 350,000 SH   SOLE N/A 350,000 0 0
AVIS BUDGET GROUP INC COM 053774105 7,254 225,000 SH   SOLE N/A 225,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 14,044 601,714 SH   SOLE N/A 601,714 0 0
BOOKING HLDGS INC COM 09857L108 324,210 157,864 SH   SOLE N/A 157,864 0 0
BOYD GAMING CORP COM 103304101 49,350 1,648,293 SH   SOLE N/A 1,648,293 0 0
CARVANA CO CL A 146869102 31,757 345,000 SH   SOLE N/A 345,000 0 0
CHEGG INC COM 163092109 3,791 100,000 SH   SOLE N/A 100,000 0 0
CHURCHILL DOWNS INC COM 171484108 137,200 1,000,000 SH   SOLE N/A 1,000,000 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 15,275 1,465,886 SH   SOLE N/A 1,465,886 0 0
DAVITA INC COM 23918K108 312,050 4,159,000 SH   SOLE N/A 4,159,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 233,920 4,000,000 SH   SOLE N/A 4,000,000 0 0
DESPEGAR COM CORP ORD SHS G27358103 2,474 183,526 SH   SOLE N/A 183,526 0 0
DOVER MOTORSPORTS INC COM 260174107 1,097 590,000 SH   SOLE N/A 590,000 0 0
EVERQUOTE INC COM CL A 30041R108 4,294 125,000 SH   SOLE N/A 125,000 0 0
EXPEDIA GROUP INC COM NEW 30212P303 854,134 7,898,413 SH   SOLE N/A 7,898,413 0 0
FACEBOOK INC CL A 30303M102 73,336 357,300 SH   SOLE N/A 357,300 0 0
GREENSKY INC CL A 39572G100 6,230 700,000 SH   SOLE N/A 700,000 0 0
GROUPON INC COM 399473107 134,702 56,360,500 SH   SOLE N/A 56,360,500 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 142,366 9,039,094 SH   SOLE N/A 9,039,094 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 20,379 1,361,347 SH   SOLE N/A 1,361,347 0 0
JETBLUE AWYS CORP COM 477143101 164,334 8,778,547 SH   SOLE N/A 8,778,547 0 0
LENDINGTREE INC NEW COM 52603B107 8,011 26,400 SH   SOLE N/A 26,400 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 2,317 101,200 SH   SOLE N/A 101,200 0 0
PENN NATL GAMING INC COM 707569109 15,114 591,300 SH   SOLE N/A 591,300 0 0
PENNYMAC FINL SVCS INC COM 70932M107 32,164 944,900 SH   SOLE N/A 944,900 0 0
PURECYCLE CORP COM NEW 746228303 31,890 2,532,970 SH   SOLE N/A 2,532,970 0 0
QUINSTREET INC COM 74874Q100 18,006 1,176,100 SH   SOLE N/A 1,176,100 0 0
REALOGY HLDGS CORP COM 75605Y106 3,388 350,000 SH   SOLE N/A 350,000 0 0
RED ROCK RESORTS INC CL A 75700L108 27,585 1,151,770 SH   SOLE N/A 1,151,770 0 0
SELECT MED HLDGS CORP COM 81619Q105 13,250 567,708 SH   SOLE N/A 567,708 0 0
SKYWEST INC COM 830879102 29,658 458,884 SH   SOLE N/A 458,884 0 0
SPIRIT AIRLS INC COM 848577102 20,566 510,200 SH   SOLE N/A 510,200 0 0
SYNCHRONY FINL COM 87165B103 100,648 2,795,000 SH   SOLE N/A 2,795,000 0 0
TRIPADVISOR INC COM 896945201 102,655 3,379,017 SH   SOLE N/A 3,379,017 0 0
TRIVAGO N V SPON ADS A SHS 89686D105 55,098 21,029,796 SH   SOLE N/A 21,029,796 0 0
TRUECAR INC COM 89785L107 48,923 10,299,504 SH   SOLE N/A 10,299,504 0 0
TWIN RIV WORLDWIDE HLDGS INC COM 90171V204 48,878 1,905,580 SH   SOLE N/A 1,905,580 0 0
UNITED AIRLINES HLDGS INC COM 910047109 1,241,751 14,096,389 SH   SOLE N/A 14,096,389 0 0
VISA INC COM CL A 92826C839 84,555 450,000 SH   SOLE N/A 450,000 0 0
WEX INC COM 96208T104 151,859 725,000 SH   SOLE N/A 725,000 0 0