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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
OMB APPROVAL
OMB Number: 3235-0006
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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
ALPHABET INC CAP STK CL A 02079K305   38,211,513 292,003 SH   SOLE   292,003 0 0
AMERANT BANCORP INC CL A 023576101   4,519,297 259,134 SH   SOLE   259,134 0 0
CHATHAM LODGING TR COM 16208T102   622,155 65,011 SH   SOLE   65,011 0 0
CHEFS WHSE INC COM 163086101   5,877,556 277,505 SH   SOLE   277,505 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106   227,928 34,070 SH   SOLE   34,070 0 0
CRESUD S A C I F Y A *W EXP 03/09/202 P3311R259   19,796 50,710 SH   SOLE   50,710 0 0
FIRST AMERN FINL CORP COM 31847R102   56,990,558 1,008,861 SH   SOLE   1,008,861 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204   1,051,929 179,510 SH   SOLE   179,510 0 0
IRSA INVERSIONES Y REP S A *W EXP 05/12/202 P5880C134   79,934 199,336 SH   SOLE   199,336 0 0
OUTFRONT MEDIA INC COM 69007J106   44,302,398 4,386,376 SH   SOLE   4,386,376 0 0
PARK HOTELS & RESORTS INC COM 700517105   27,726,653 2,250,540 SH   SOLE   2,250,540 0 0
PEBBLEBROOK HOTEL TR COM 70509V100   993,701 73,120 SH   SOLE   73,120 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103   71,866,353 1,220,971 SH   SOLE   1,220,971 0 0
SABRE CORP COM 78573M104   7,314,749 1,629,120 SH   SOLE   1,629,120 0 0
SABRE GLBL INC NOTE 4.000% 4/1 78573NAE2   987,650 1,000,000 PRN   SOLE   1,000,000 0 0