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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Affiliated Managers Group Inc.COM008252108139,780849,673SH SOLE 377,9910471,682
Affiliated Managers Group Inc.COM0082521089155,562SH DFND35,56200
Affiliated Managers Group Inc.COM008252108112,184681,926SH DFND1681,92600
Alibaba Group Holding-SP ADRCOM01609W1022,63922,215SH SOLE 22,21500
Biogen IncCOM09062X103113,341472,412SH SOLE 264,8240207,588
Biogen IncCOM09062X10392,636386,111SH DFND1386,11100
Cardinal Health IncCOM14149Y1081,11321,608SH DFND321,60800
CNH Industrial NV - U.S.COMN2094410933,8331,741,262SH SOLE 1,741,26200
CNH Industrial NV - U.S.COMN2094410966334,116SH DFND334,11600
CNX Resources CorpCOM12653C108166,59512,115,995SH SOLE 5,464,183946,0225,705,790
CNX Resources CorpCOM12653C108211,01015,346,216SH DFND115,346,21600
Comcast Corporation Cl ACOM20030N1014809,531SH DFND39,53100
Discovery Inc - CCOM25470F302180,7857,894,521SH SOLE 3,596,0661,125,2283,173,227
Discovery Inc - CCOM25470F30279434,667SH DFND334,66700
Discovery Inc - CCOM25470F302104,3664,557,456SH DFND14,557,45600
Douglas Emmett IncCOM25960P10994,7612,828,678SH SOLE 1,056,29101,772,387
Douglas Emmett IncCOM25960P10968120,338SH DFND320,33800
Douglas Emmett IncCOM25960P10984,5902,525,068SH DFND12,525,06800
Empire State Realty Trust Inc.COM29210410643,0384,835,734SH SOLE 5,0971,430,6373,400,000
Empire State Realty Trust Inc.COM29210410673082,046SH DFND382,04600
Empire State Realty Trust Inc.COM29210410691,44610,274,803SH DFND110,274,80300
FedEx CorporationCOM31428X106233,529902,911SH SOLE 407,684132,702362,525
FedEx CorporationCOM31428X1061,0003,868SH DFND33,86800
FedEx CorporationCOM31428X106139,807540,545SH DFND1540,54500
Fiserv IncCOM33773810842,309407,640SH SOLE 224,1400183,500
Fiserv IncCOM33773810833,710324,786SH DFND1324,78600
General ElectricCOM369604301184,5441,953,468SH SOLE 883,077275,017795,374
General ElectricCOM3696043011,00410,625SH DFND20010,625
General ElectricCOM369604301113,8351,204,990SH DFND11,204,99000
Graham Holdings CompanyCOM38463710495,259151,246SH SOLE 43,8170107,429
Graham Holdings CompanyCOM3846371047741,229SH DFND31,22900
Graham Holdings CompanyCOM38463710492,833147,393SH DFND1147,39300
Hyatt Hotels Corp. - Class ACOM448579102128,9101,344,209SH SOLE 631,683243,686468,840
Hyatt Hotels Corp. - Class ACOM4485791027427,733SH DFND37,73300
Hyatt Hotels Corp. - Class ACOM448579102182,7491,905,617SH DFND11,905,61700
IAC/InterActiveCorpCOM44891N208158,0561,209,208SH SOLE 592,062137,918479,228
IAC/InterActiveCorpCOM44891N208101,313775,099SH DFND1775,09900
Ingles Markets Incorporated - COM45703010412,310142,580SH DFND1142,58000
JOYY Inc. ADRCOM46591M10934,645762,599SH SOLE 374,6570387,942
Lazard LtdCOMG54050102100,3132,299,168SH SOLE 371,556333,5711,594,041
Lazard LtdCOMG5405010285219,527SH DFND319,52700
Lazard LtdCOMG54050102151,0113,461,177SH DFND13,461,17700
Liberty Broadband Corporation COM5303071078535,300SH SOLE 5,30000
Liberty Broadband Corporation COM5303071072,27214,118SH DFND114,11800
Liberty Broadband Corporation COM53030730566,424412,315SH SOLE 186,0340226,281
Liberty Broadband Corporation COM53030730572,335449,005SH DFND1449,00500
Liberty Media Corp - Braves ACOM5312297062,74095,304SH DFND195,30400
Liberty Media Corp - Braves CCOM531229888531,895SH SOLE 1,89500
Liberty Media Corp - Braves CCOM53122988896,4403,432,031SH DFND13,432,03100
Lumen TechnologiesCOM550241103333,81626,598,870SH SOLE 13,093,1663,818,0869,687,618
Lumen TechnologiesCOM550241103475,07037,854,212SH DFND137,854,21200
Madison Square Garden Sports CCOM55825T10370,462405,585SH SOLE 2930405,292
Madison Square Garden Sports CCOM55825T1039375,393SH DFND35,39300
Madison Square Garden Sports CCOM55825T10389,662516,098SH DFND1516,09800
Mattel, Inc.COM577081102175,5858,144,030SH SOLE 3,158,810860,9944,124,226
Mattel, Inc.COM57708110257526,668SH DFND326,66800
Mattel, Inc.COM577081102259,96312,057,642SH DFND112,057,64200
Melco Resorts & Entertainment COM58546410012,1011,188,746SH SOLE 42,52201,146,224
MGM Resorts InternationalCOM552953101143,4813,196,992SH SOLE 1,706,03101,490,961
MGM Resorts InternationalCOM55295310162413,897SH DFND313,89700
MGM Resorts InternationalCOM552953101118,2922,635,740SH DFND12,635,74000
Oscar Health IncCOM687793109394,937SH SOLE 4,93700
Oscar Health IncCOM68779310971,4739,104,885SH DFND19,104,88500
Realogy Holdings CorporationCOM75605Y10667,9114,039,887SH SOLE 4,26804,035,619
Realogy Holdings CorporationCOM75605Y10655933,244SH DFND333,24400
Realogy Holdings CorporationCOM75605Y106131,6867,833,789SH DFND17,833,78900
RenaissanceRe Holdings Ltd.COMG7496G10392,643547,115SH SOLE 87,5970459,518
RenaissanceRe Holdings Ltd.COMG7496G1037974,707SH DFND34,70700
RenaissanceRe Holdings Ltd.COMG7496G10386,495510,808SH DFND1510,80800
Vimeo Inc.COM92719V100291,624SH SOLE 1,62400
Vimeo Inc.COM92719V10057,5533,204,523SH DFND13,204,52300
White Mountains Insurance GrouCOMG9618E1072020SH SOLE 2000
White Mountains Insurance GrouCOMG9618E10752,29951,582SH DFND151,58200
Williams Companies, Inc.COM969457100114,0704,380,579SH SOLE 2,203,04002,177,539
Williams Companies, Inc.COM96945710074,6532,866,857SH DFND12,866,85700
XPO Logistics IncCOM98379310088311,403SH DFND311,40300