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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
COPA HOLDINGS SA CL A P31076105   849,176 7,041 SH   SOLE   0 0 7,041
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109   615,771 7,498 SH   SOLE   0 0 7,498
ALASKA AIR GROUP INC COM 011659109   1,007,663 20,033 SH   SOLE   0 0 20,033
HEICO CORP NEW COM 422806109   417,216 1,289 SH   SOLE   0 0 1,289
ISHARES TR 0-3 MNTH TREASRY 46436E718   130,481,000 1,300,000 SH   SOLE   0 0 1,300,000
REPUBLIC AWYS HLDGS INC COM SHS 590479408   35,707 1,944 SH   SOLE   0 0 1,944
SUN CTRY AIRLS HLDGS INC COM 866683105   475,218 33,024 SH   SOLE   0 0 33,024