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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALPHABET INC CAP STK CL C 02079K107 BBG009S3NB21 26,525,845 188,220 SH   SOLE   188,220 0 0
CHURCHILL DOWNS INC COM 171484108 BBG001S67Z80 77,670,026 575,632 SH   SOLE   575,632 0 0
GILDAN ACTIVEWEAR INC COM 375916103 BBG001S7JJL6 30,395,562 919,406 SH   SOLE   919,406 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 BBG001SQ4YC7 18,349,749 221,348 SH   SOLE   221,348 0 0
KBR INC COM 48242W106 BBG001SP11V3 17,985,864 324,596 SH   SOLE   324,596 0 0
KKR & CO INC COM 48251W104 BBG001S6PW05 91,961,760 1,109,979 SH   SOLE   1,109,979 0 0
PROGRESSIVE CORP COM 743315103 BBG001S5V509 17,975,226 112,853 SH   SOLE   112,853 0 0
S&P GLOBAL INC COM 78409V104 BBG001S5T5M8 39,384,691 89,405 SH   SOLE   89,405 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 BBG003T4VFD1 26,738,841 142,296 SH   SOLE   142,296 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 BBG001STPPK8 25,167,420 411,838 SH   SOLE   411,838 0 0
TEMPUR SEALY INTL INC COM 88023U101 BBG001SH81D4 51,529,956 1,010,986 SH   SOLE   1,010,986 0 0
TRANSDIGM GROUP INC COM 893641100 BBG001SPV1C1 41,465,484 40,990 SH   SOLE   40,990 0 0
TYLER TECHNOLOGIES INC COM 902252105 BBG001S5WZB0 18,481,322 44,201 SH   SOLE   44,201 0 0
VICI PPTYS INC COM 925652109 BBG00HVVB4B6 22,332,323 700,512 SH   SOLE   700,512 0 0
VISA INC COM CL A 92826C839 BBG001SRCFY3 27,181,321 104,403 SH   SOLE   104,403 0 0