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.COM008252108148,2281,051,637SH SOLE 471,860108,095471,682
Affiliated Managers Group Inc.COM0082521087845,562SH DFND35,56200
Affiliated Managers Group Inc.COM008252108101,206718,031SH DFND1718,03100
Biogen IncCOM09062X10396,213456,851SH SOLE 249,2630207,588
Biogen IncCOM09062X10381,315386,111SH DFND1386,11100
Cardinal Health IncCOM14149Y1081,22521,608SH DFND321,60800
CNH Industrial NV - U.S.COMN2094410922,9581,447,535SH SOLE 1,447,53500
CNH Industrial NV - U.S.COMN2094410954134,116SH DFND334,11600
CNH Industrial NV - U.S.COMN2094410923,1981,462,702SH DFND11,462,70200
CNX Resources CorpCOM12653C108207,0489,992,651SH SOLE 4,849,833649,8244,492,994
CNX Resources CorpCOM12653C108264,01012,741,792SH DFND112,741,79200
Comcast Corporation Cl ACOM20030N1014469,531SH DFND39,53100
Discovery Inc - CCOM25470F302183,5407,350,417SH SOLE 3,363,354813,8363,173,227
Discovery Inc - CCOM25470F30286634,667SH DFND334,66700
Discovery Inc - CCOM25470F302113,8004,557,456SH DFND14,557,45600
Douglas Emmett IncCOM25960P10990,5032,708,049SH SOLE 935,66201,772,387
Douglas Emmett IncCOM25960P10968020,338SH DFND320,33800
Douglas Emmett IncCOM25960P10984,3882,525,068SH DFND12,525,06800
Empire State Realty Trust Inc.COM29210410643,5994,439,826SH SOLE 5,0971,034,7293,400,000
Empire State Realty Trust Inc.COM29210410680682,046SH DFND382,04600
Empire State Realty Trust Inc.COM292104106100,89910,274,803SH DFND110,274,80300
FedEx CorporationCOM31428X106195,216843,665SH SOLE 385,16295,978362,525
FedEx CorporationCOM31428X1061,0014,326SH DFND34,32600
FedEx CorporationCOM31428X106125,077540,545SH DFND1540,54500
Fiserv IncCOM33773810851,303505,947SH SOLE 322,4470183,500
Fiserv IncCOM3377381085685,602SH DFND35,60200
Fiserv IncCOM33773810866,226653,112SH DFND1653,11200
General ElectricCOM369604301166,9011,824,053SH SOLE 829,770198,909795,374
General ElectricCOM36960430197210,625SH DFND20010,625
General ElectricCOM36960430199,2311,084,487SH DFND11,084,48700
Graham Holdings CompanyCOM38463710488,586144,874SH SOLE 37,4450107,429
Graham Holdings CompanyCOM3846371047511,229SH DFND31,22900
Graham Holdings CompanyCOM38463710485,419139,695SH DFND1139,69500
Huazhu Group Limited ADRCOM44332N1063,802115,238SH SOLE 56,276058,962
Hyatt Hotels Corp. - Class ACOM44857910292,481968,894SH SOLE 502,753127,369338,772
Hyatt Hotels Corp. - Class ACOM4485791027387,733SH DFND37,73300
Hyatt Hotels Corp. - Class ACOM448579102139,5921,462,458SH DFND11,462,45800
IAC/InterActiveCorpCOM44891N208152,5511,521,254SH SOLE 714,350168,564638,340
IAC/InterActiveCorpCOM44891N208106,5861,062,881SH DFND11,062,88100
Ingles Markets Incorporated - COM45703010412,697142,580SH DFND1142,58000
JOYY Inc. ADRCOM46591M10928,827784,840SH SOLE 396,8980387,942
Lazard LtdCOMG5405010274,7412,166,399SH SOLE 331,099241,2591,594,041
Lazard LtdCOMG5405010270620,473SH DFND320,47300
Lazard LtdCOMG54050102106,9133,098,931SH DFND13,098,93100
Liberty Broadband Corporation COM5303071075874,481SH SOLE 4,48100
Liberty Broadband Corporation COM5303071071,85014,118SH DFND114,11800
Liberty Broadband Corporation COM53030730559,348438,576SH SOLE 212,2950226,281
Liberty Broadband Corporation COM53030730578,130577,372SH DFND1577,37200
Liberty Media Corp - Braves ACOM5312297062,74395,304SH DFND195,30400
Liberty Media Corp - Braves CCOM531229888531,895SH SOLE 1,89500
Liberty Media Corp - Braves CCOM53122988895,7883,432,031SH DFND13,432,03100
Lumen TechnologiesCOM550241103277,84424,653,446SH SOLE 12,204,3422,761,4869,687,618
Lumen TechnologiesCOM550241103426,61737,854,212SH DFND137,854,21200
Madison Square Garden Sports CCOM55825T10372,746405,585SH SOLE 2930405,292
Madison Square Garden Sports CCOM55825T1039675,393SH DFND35,39300
Madison Square Garden Sports CCOM55825T10388,309492,356SH DFND1492,35600
Mattel, Inc.COM577081102153,5226,912,281SH SOLE 2,936,461474,6023,501,218
Mattel, Inc.COM57708110259226,668SH DFND326,66800
Mattel, Inc.COM577081102204,8699,224,171SH DFND19,224,17100
Melco Resorts & Entertainment COM5854641009,4941,242,709SH SOLE 96,48501,146,224
MGM Resorts InternationalCOM552953101129,0653,077,371SH SOLE 1,586,41001,490,961
MGM Resorts InternationalCOM55295310158313,897SH DFND313,89700
MGM Resorts InternationalCOM552953101109,8932,620,241SH DFND12,620,24100
Oscar Health IncCOM687793109636,321SH SOLE 6,32100
Oscar Health IncCOM687793109111,07111,140,551SH DFND111,140,55100
Paya Holdings IncCOM70434P103645110,045SH DFND3110,04500
Realogy Holdings CorporationCOM75605Y10663,3364,039,290SH SOLE 3,67104,035,619
Realogy Holdings CorporationCOM75605Y10652133,244SH DFND333,24400
Realogy Holdings CorporationCOM75605Y106102,0306,507,042SH DFND16,507,04200
RenaissanceRe Holdings Ltd.COMG7496G10367,173423,777SH SOLE 82,4160341,361
RenaissanceRe Holdings Ltd.COMG7496G1037464,707SH DFND34,70700
RenaissanceRe Holdings Ltd.COMG7496G10380,968510,808SH DFND1510,80800
Syneos Health IncCOM87166B10285410,550SH DFND310,55000
Vimeo Inc.COM92719V10057,4464,835,524SH SOLE 3,67704,831,847
Vimeo Inc.COM92719V10076,7546,460,796SH DFND16,460,79600
White Mountains Insurance GrouCOMG9618E10752,98346,630SH SOLE 45046,585
White Mountains Insurance GrouCOMG9618E10789,61978,873SH DFND178,87300
Williams Companies, Inc.COM96945710019,261576,504SH SOLE 576,50400
Williams Companies, Inc.COM96945710053,0441,587,661SH DFND11,587,66100
XPO Logistics IncCOM9837931001,08214,859SH DFND314,85900