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

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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
AMBAC FINL GROUP INC COM NEW 023139884 43,886 1,985,785 SH   SOLE   1,985,785 0 0
CME GROUP INC COM 12572Q105 5,233 65,454 SH   SOLE   65,454 0 0
MASTERCARD INC CL A 57636Q104 4,840 65,471 SH   SOLE   65,471 0 0
MCGRAW HILL FINL INC COM 580645109 191,970 2,273,178 SH   SOLE   2,273,178 0 0
MOODYS CORP COM 615369105 1,047,960 11,089,522 SH   SOLE   11,089,522 0 0
TIME WARNER CABLE INC COM 88732J207 977,623 6,813,180 SH   SOLE   6,813,180 0 0
TIME WARNER INC COM NEW 887317303 51,991 691,282 SH   SOLE   691,282 0 0