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
AIRBNB INC COM CL A 009066101   37,928,871 299,100 SH   SOLE N/A 299,100 0 0
ALASKA AIR GROUP INC COM 011659109   42,753,017 945,654 SH   SOLE N/A 945,654 0 0
ALLEGIANT TRAVEL CO COM 01748X102   28,074,213 509,884 SH   SOLE N/A 509,884 0 0
ALPHABET INC CAP STK CL C 02079K107   6,670,881 39,900 SH   SOLE N/A 39,900 0 0
AMERICAN AIRLS GROUP INC COM 02376R102   22,480,000 2,000,000 SH   SOLE N/A 2,000,000 0 0
ANGI INC COM CL A NEW 00183L102   219,300 85,000 SH   SOLE N/A 85,000 0 0
AVIDXCHANGE HOLDINGS INC COM 05368X102   27,168,500 3,350,000 SH   SOLE N/A 3,350,000 0 0
AVIS BUDGET GROUP COM 053774105   73,163,927 835,300 SH   SOLE N/A 835,300 0 0
BLOCK INC CL A 852234103   33,565,000 500,000 SH   SOLE N/A 500,000 0 0
BOOKING HOLDINGS INC COM 09857L108   519,059,548 123,230 SH   SOLE N/A 123,230 0 0
CARGURUS INC COM CL A 141788109   79,998,599 2,663,956 SH   SOLE N/A 2,663,956 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300   471,240 25,500 SH   SOLE N/A 25,500 0 0
CARVANA CO CL A 146869102   87,821,084 504,400 SH   SOLE N/A 504,400 0 0
CITIZENS FINL GROUP INC COM 174610105   287,490 7,000 SH   SOLE N/A 7,000 0 0
COMERICA INC COM 200340107   29,955,000 500,000 SH   SOLE N/A 500,000 0 0
CONTROLADORA VUELA COMP DE A SPON ADR RP 10 21240E105   14,402,839 2,275,330 SH   SOLE N/A 2,275,330 0 0
DELTA AIR LINES INC DEL COM NEW 247361702   226,269,450 4,455,000 SH   SOLE N/A 4,455,000 0 0
DOORDASH INC CL A 25809K105   570,920 4,000 SH   SOLE N/A 4,000 0 0
EBAY INC. COM 278642103   455,770 7,000 SH   SOLE N/A 7,000 0 0
ETSY INC COM 29786A106   7,677,023 138,250 SH   SOLE N/A 138,250 0 0
EVENTBRITE INC COM CL A 29975E109   111,930 41,000 SH   SOLE N/A 41,000 0 0
EXPEDIA GROUP INC COM NEW 30212P303   481,599,204 3,253,609 SH   SOLE N/A 3,253,609 0 0
FLEX LTD ORD Y2573F102   331,291 9,910 SH   SOLE N/A 9,910 0 0
FRONTIER GROUP HLDGS INC COM 35909R108   9,395,135 1,756,100 SH   SOLE N/A 1,756,100 0 0
GLOBAL BUSINESS TRAVEL GROUP COM CL A 37890B100   5,742,354 746,730 SH   SOLE N/A 746,730 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700   3,301,884 1,000,571 SH   SOLE N/A 1,000,571 0 0
HYATT HOTELS CORP COM CL A 448579102   8,669,464 56,961 SH   SOLE N/A 56,961 0 0
JETBLUE AWYS CORP COM 477143101   19,479,953 2,969,505 SH   SOLE N/A 2,969,505 0 0
LATAM AIRLINES GROUP SA SPONSORED ADR 51817R205   12,346,675 467,500 SH   SOLE N/A 467,500 0 0
LYFT INC CL A COM 55087P104   701,250 55,000 SH   SOLE N/A 55,000 0 0
MAPLEBEAR INC COM 565394103   3,340,680 82,000 SH   SOLE N/A 82,000 0 0
MARRIOTT INTL INC NEW CL A 571903202   19,589,680 78,800 SH   SOLE N/A 78,800 0 0
META PLATFORMS INC CL A 30303M102   217,527 380 SH   SOLE N/A 380 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107   284,925 2,500 SH   SOLE N/A 2,500 0 0
PNC FINL SVCS GROUP INC COM 693475105   554,550 3,000 SH   SOLE N/A 3,000 0 0
SABRE CORP COM 78573M104   18,350,000 5,000,000 SH   SOLE N/A 5,000,000 0 0
SCHWAB CHARLES CORP COM 808513105   84,253,000 1,300,000 SH   SOLE N/A 1,300,000 0 0
SEI INVTS CO COM 784117103   518,925 7,500 SH   SOLE N/A 7,500 0 0
SHOPIFY INC CL A 82509L107   400,700 5,000 SH   SOLE N/A 5,000 0 0
SKYWEST INC COM 830879102   20,399,784 239,941 SH   SOLE N/A 239,941 0 0
SOUTHWEST AIRLS CO COM 844741108   50,643,359 1,709,192 SH   SOLE N/A 1,709,192 0 0
SPIRIT AIRLS INC COM 848577102   1,840,800 767,000 SH   SOLE N/A 767,000 0 0
SUN CTRY AIRLS HLDGS INC COM 866683105   28,086,722 2,505,506 SH   SOLE N/A 2,505,506 0 0
SYNCHRONY FINANCIAL COM 87165B103   418,992,000 8,400,000 SH   SOLE N/A 8,400,000 0 0
TESLA INC COM 88160R101   50,311,449 192,300 SH   SOLE N/A 192,300 0 0
TRIP COM GROUP LTD ADS 89677Q107   1,426,320 24,000 SH   SOLE N/A 24,000 0 0
TRIPADVISOR INC COM 896945201   12,919,603 891,622 SH   SOLE N/A 891,622 0 0
TRIVAGO N V SPON ADS A SHS N 89686D303   5,065,665 2,928,130 SH   SOLE N/A 2,928,130 0 0
TRUIST FINL CORP COM 89832Q109   427,700 10,000 SH   SOLE N/A 10,000 0 0
UBER TECHNOLOGIES INC COM 90353T100   327,224,092 4,353,700 SH   SOLE N/A 4,353,700 0 0
UNITED AIRLS HLDGS INC COM 910047109   276,230,313 4,841,050 SH   SOLE N/A 4,841,050 0 0
VACASA INC CL A NEW 91854V206   894,718 318,405 SH   SOLE N/A 318,405 0 0
WEBSTER FINL CORP COM 947890109   32,627,000 700,000 SH   SOLE N/A 700,000 0 0
WEX INC COM 96208T104   388,000,500 1,850,000 SH   SOLE N/A 1,850,000 0 0
WIX COM LTD SHS M98068105   585,095 3,500 SH   SOLE N/A 3,500 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   2,109,780 27,000 SH   SOLE N/A 27,000 0 0