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
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 35,210 1,591,075 SH   SOLE None 1,591,075 0 0
EXPEDIA INC DEL COM NEW 30212P303 27,841 323,000 SH   SOLE None 323,000 0 0
FEDEX CORP COM 31428X106 7,556 43,000 SH   SOLE None 43,000 0 0
GAP INC DEL COM 364760108 38,517 907,356 SH   SOLE None 907,356 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 2,714 44,250 SH   SOLE None 44,250 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 170,787 4,329,753 SH   SOLE None 4,329,753 0 0
JD COM INC SPON ADR CL A 47215P106 19,229 826,000 SH   SOLE None 826,000 0 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 6,680 915,000 SH   SOLE None 915,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 122,903 591,020 SH   SOLE None 591,020 0 0
SPRINT CORP COM SER 1 85207U105 56,773 13,796,685 SH   SOLE None 13,796,685 0 0
T MOBILE US INC COM 872590104 16,842 624,000 SH   SOLE None 624,000 0 0
UNITED CONTL HLDGS INC COM 910047109 13,497 201,000 SH   SOLE None 201,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 14,907 144,000 SH   SOLE None 144,000 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 15,695 181,000 SH   SOLE None 181,000 0 0
XEROX CORP COM 984121103 6,029 428,467 SH   SOLE None 428,467 0 0