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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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
ADVANCED DRAIN SYS INC DEL COM 00790R104 66,372 2,737,000 SH   SOLE N/A 2,737,000 0 0
ALASKA AIR GROUP INC COM 011659109 122,309 2,010,000 SH   SOLE N/A 2,010,000 0 0
ALLEGIANT TRAVEL CO COM 01748X102 161,354 1,610,000 SH   SOLE N/A 1,610,000 0 0
AMERISOURCEBERGEN CORP COM 03073E105 3,720 50,000 SH   SOLE N/A 50,000 0 0
ANTHEM INC COM 036752103 19,697 75,000 SH   SOLE N/A 75,000 0 0
AVIS BUDGET GROUP COM 053774105 5,058 225,000 SH   SOLE N/A 225,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 19,211 929,400 SH   SOLE N/A 929,400 0 0
BOOKING HLDGS INC COM 09857L108 379,606 220,391 SH   SOLE N/A 220,391 0 0
BOYD GAMING CORP COM 103304101 120,844 5,815,376 SH   SOLE N/A 5,815,376 0 0
CAESARS ENTMT CORP COM 127686103 53,967 7,947,967 SH   SOLE N/A 7,947,967 0 0
CAESARS ENTMT CORP NOTE 5.000%10/0 127686AA1 7,247 5,933,044 PRN   SOLE N/A 5,933,044 0 0
CARVANA CO CL A 146869102 11,285 345,000 SH   SOLE N/A 345,000 0 0
CHURCHILL DOWNS INC COM 171484108 166,115 680,966 SH   SOLE N/A 680,966 0 0
CIGNA CORP NEW COM 125523100 13,294 70,000 SH   SOLE N/A 70,000 0 0
CONNS INC COM 208242107 55,975 2,967,920 SH   SOLE N/A 2,967,920 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 4,840 904,600 SH   SOLE N/A 904,600 0 0
DAVITA INC COM 23918K108 110,006 2,137,700 SH   SOLE N/A 2,137,700 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 604,579 12,115,809 SH   SOLE N/A 12,115,809 0 0
DESPEGAR COM CORP ORD SHS G27358103 2,278 183,526 SH   SOLE N/A 183,526 0 0
DOVER DOWNS GAMING & ENTMT I COM 260095104 2,535 915,000 SH   SOLE N/A 915,000 0 0
DOVER MOTORSPORTS INC COM 260174107 1,263 671,931 SH   SOLE N/A 671,931 0 0
EHEALTH INC COM 28238P109 26,984 702,342 SH   SOLE N/A 702,342 0 0
EVERQUOTE INC COM CL A 30041R108 1,030 246,300 SH   SOLE N/A 246,300 0 0
EXPEDIA GROUP INC COM NEW 30212P303 897,173 7,964,254 SH   SOLE N/A 7,964,254 0 0
EXTENDED STAY AMER INC UNIT 99/99/9999B 30224P200 2,472 159,500 SH   SOLE N/A 159,500 0 0
FACEBOOK INC CL A 30303M102 60,013 457,800 SH   SOLE N/A 457,800 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 32,523 1,006,600 SH   SOLE N/A 1,006,600 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 64,628 28,981,072 SH   SOLE N/A 28,981,072 0 0
GROUPON INC COM 399473107 158,776 49,617,616 SH   SOLE N/A 49,617,616 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 80,379 5,888,576 SH   SOLE N/A 5,888,576 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 109,296 7,470,694 SH   SOLE N/A 7,470,694 0 0
ISHARES TR CORE S&P500 ETF 464287200 37,993 151,000 SH   SOLE N/A 151,000 0 0
JETBLUE AIRWAYS CORP COM 477143101 139,321 8,675,000 SH   SOLE N/A 8,675,000 0 0
LENDINGTREE INC NEW COM 52603B107 5,797 26,400 SH   SOLE N/A 26,400 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 2,462 101,200 SH   SOLE N/A 101,200 0 0
MELCO RESORT ENTERTAINMENT L ADR 585464100 881 50,000 SH   SOLE N/A 50,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 14,556 600,000 SH   SOLE N/A 600,000 0 0
OWENS CORNING NEW COM 690742101 70,462 1,602,144 SH   SOLE N/A 1,602,144 0 0
PENNYMAC FINL SVCS INC COM 70932M107 14,882 700,000 SH   SOLE N/A 700,000 0 0
PURECYCLE CORP COM NEW 746228303 59,411 5,982,970 SH   SOLE N/A 5,982,970 0 0
QUINSTREET INC COM 74874Q100 18,019 1,110,229 SH   SOLE N/A 1,110,229 0 0
RED ROCK RESORTS INC CL A 75700L108 33,863 1,667,300 SH   SOLE N/A 1,667,300 0 0
SELECT MED HLDGS CORP COM 81619Q105 8,714 567,708 SH   SOLE N/A 567,708 0 0
SEMGROUP CORP CL A 81663A105 9,753 707,779 SH   SOLE N/A 707,779 0 0
SOUTHWEST AIRLS CO COM 844741108 226,255 4,867,800 SH   SOLE N/A 4,867,800 0 0
SOUTHWESTERN ENERGY CO COM 845467109 2,045 599,800 SH   SOLE N/A 599,800 0 0
STAMPS COM INC COM NEW 852857200 10,228 65,717 SH   SOLE N/A 65,717 0 0
STARS GROUP INC COM 85570W100 11,632 704,100 SH   SOLE N/A 704,100 0 0
SYNCHRONY FINL COM 87165B103 51,729 2,205,000 SH   SOLE N/A 2,205,000 0 0
TEMPUR SEALY INTL INC COM 88023U101 84,787 2,048,000 SH   SOLE N/A 2,048,000 0 0
TRIPADVISOR INC COM 896945201 124,279 2,304,017 SH   SOLE N/A 2,304,017 0 0
TRIVAGO N V SPON ADS A SHS 89686D105 73,781 13,105,000 SH   SOLE N/A 13,105,000 0 0
TRUECAR INC COM 89785L107 74,975 8,275,395 SH   SOLE N/A 8,275,395 0 0
TUESDAY MORNING CORP COM NEW 899035505 6,144 3,614,118 SH   SOLE N/A 3,614,118 0 0
UNITED CONTL HLDGS INC COM 910047109 1,308,210 15,624,152 SH   SOLE N/A 15,624,152 0 0
VISA INC COM CL A 92826C839 59,373 450,000 SH   SOLE N/A 450,000 0 0
WEBSTER FINL CORP CONN COM 947890109 10,356 210,100 SH   SOLE N/A 210,100 0 0
WEX INC COM 96208T104 101,544 725,000 SH   SOLE N/A 725,000 0 0
WILLIAMS COS INC DEL COM 969457100 38,759 1,757,798 SH   SOLE N/A 1,757,798 0 0
WYNN RESORTS LTD COM 983134107 15,331 155,000 SH   SOLE N/A 155,000 0 0