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
AIR PRODS & CHEMS COM 009158106 11,973 39,350 SH   SOLE   19,350 0 20,000
ALPHABET CAP STK CL A 02079K305 9,879 3,410 SH   SOLE   1,580 0 1,830
APOLLO GLOBAL MGMT COM 03768E105 20,816 287,400 SH   SOLE   104,000 0 183,400
ARES MANAGEMENT CORPORATION CL A STK 03990B101 4,779 58,800 SH   SOLE   58,800 0 0
CANADIAN PAC RY COM 13645T100 14,482 201,300 SH   SOLE   75,750 0 125,550
DUCOMMUN DEL COM 264147109 3,718 79,500 SH   SOLE   79,500 0 0
FIDELITY NATL INFORMATION SVCS COM 31620M106 12,940 118,550 SH   SOLE   34,750 0 83,800
INTERCONTINENTAL EXCHANGE COM 45866F104 3,029 22,150 SH   SOLE   22,150 0 0
LIBERTY BROADBAND SER A COM 530307107 3,459 21,500 SH   SOLE   21,500 0 0
LIBERTY BROADBAND SER C COM 530307305 7,169 44,500 SH   SOLE   0 0 44,500
MASTERCARD INCORPORATED CL A 57636Q104 5,587 15,550 SH   SOLE   4,600 0 10,950
META PLATFORMS CL A 30303M102 10,001 29,735 SH   SOLE   5,435 0 24,300
MICROSOFT COM 594918104 6,214 18,475 SH   SOLE   12,275 0 6,200
RESTAURANT BRANDS INTL COM 76131D103 14,745 243,000 SH   SOLE   85,000 0 158,000
T-MOBILE US COM 872590104 10,630 91,650 SH   SOLE   38,150 0 53,500
VISA CL A 92826C839 7,314 33,750 SH   SOLE   12,050 0 21,700