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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 62,926 1,318,922 SH   DFND 1 0 1,318,922 0
ARES MGMT L P COM UNIT RP IN 03990B101 24,249 679,427 SH   DFND 1 0 679,427 0
BANK AMER CORP COM 060505104 47,797 1,357,086 SH   DFND 1 0 1,357,086 0
FREEPORT-MCMORAN INC CL B 35671D857 37,217 2,836,634 SH   DFND 1 0 2,836,634 0
GOOGLE INC CL C 38259P706 562 420 SH   DFND 1 0 420 0
HOWARD HUGHES CORP COM 44267D107 37,018 291,943 SH   DFND 1 0 291,943 0
JPMORGAN CHASE & CO COM 46625H100 37,533 269,248 SH   DFND 1 0 269,248 0
KKR & CO L P DEL COM UNITS 48248M102 45,424 1,557,201 SH   DFND 1 0 1,557,201 0
MASTERCARD INC CL A 57636Q104 33,182 111,130 SH   DFND 1 0 111,130 0
MELCO RESORT ENTERTAINMENT L ADR 585464100 1,909 78,979 SH   DFND 1 0 78,979 0
ORACLE CORP COM 68389X105 25,816 487,285 SH   DFND 1 0 487,285 0
SOUTHERN COPPER CORP COM 84265V105 8,661 203,875 SH   DFND 1 0 203,875 0
TRUIST FINANCIAL CORP COM 89832Q109 22,735 403,671 SH   DFND 1 0 403,671 0
TURQUOISE HILL RES LTD COM 900435108 1,390 1,888,700 SH   DFND 1 0 1,888,700 0
VISA INC COM CL A 92826C839 31,279 166,468 SH   DFND 1 0 166,468 0
WELLS FARGO & CO NEW COM 949746101 42,113 782,778 SH   DFND 1 0 782,778 0
WYNN RESORTS LTD COM 983134107 42,101 303,166 SH   DFND 1 0 303,166 0