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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AERCAP HOLDINGS NV SHS N00985106 29,879 655,538 SH   SOLE   655,538 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 18,375 612,487 SH   SOLE   612,487 0 0
CHEFS WHSE INC COM 163086101 4,048 157,576 SH   SOLE   157,576 0 0
DECKERS OUTDOOR CORP COM 243537107 25,949 90,484 SH   SOLE   90,484 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 6,152 153,001 SH   SOLE   153,001 0 0
ECHOSTAR CORP CL A 278768106 9,215 434,891 SH   SOLE   434,891 0 0
FOX CORP CL A COM 35137L105 20,054 688,681 SH   SOLE   688,681 0 0
HILTON GRAND VACATIONS INC COM 43283X105 27,530 878,158 SH   SOLE   878,158 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 24,772 156,416 SH   SOLE   156,416 0 0
NEWS CORP NEW CL A 65249B109 35,122 1,954,483 SH   SOLE   1,954,483 0 0
NORTONLIFELOCK INC COM 668771108 34,644 1,667,161 SH   SOLE   1,667,161 0 0
US BANCORP DEL COM NEW 902973304 4,984 106,967 SH   SOLE   106,967 0 0
VIAD CORP COM NEW 92552R406 27,254 753,498 SH   SOLE   753,498 0 0