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
Alphabet, Inc. CAP STK CL A 02079K305 97,327 127,575 SH   SOLE   127,575 0 0
Alphabet, Inc. CAP STK CL C 02079K107 24,555 32,962 SH   SOLE   32,962 0 0
The Charles Schwab Corporation COMM 808513105 86,288 3,079,500 SH   SOLE   3,079,500 0 0
CommScope Holding Inc. COMM 20337X109 175,804 6,296,690 SH   SOLE   6,296,690 0 0
Compania Cervecerias Unidas S.A. COMM 204429104 103,823 4,624,642 SH   SOLE   4,624,642 0 0
Fastenal Company COMM 311900104 172,054 3,511,307 SH   SOLE   3,511,307 0 0
Four Corners Property Trust, Inc. COMM 35086T109 84,998 4,735,290 SH   SOLE   4,735,290 0 0
Herbalife Ltd. COMM G4412G101 194,242 3,155,328 SH   SOLE   3,155,328 0 0
Herbalife Ltd. Note 2.000% 8/1 42703MAB9 155,965 162,050,000 PRN   SOLE   162,050,000 0 0
Marcus & Millichap, Inc. COMM 566324109 25,268 995,176 SH   SOLE   995,176 0 0
Microsoft Corporation COMM 594918104 179,459 3,249,300 SH   SOLE   3,249,300 0 0
Outfront Media Inc. COMM 69007J106 88,737 4,205,550 SH   SOLE   4,205,550 0 0
Post Holdings Inc. COMM 737446104 192,527 2,799,583 SH   SOLE   2,799,583 0 0
Time Warner Cable Inc. COMM 88732J207 114,939 561,720 SH   SOLE   561,720 0 0
Twenty-First Century Fox, Inc. COMM 90130A200 215,592 7,645,118 SH   SOLE   7,645,118 0 0