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 9,697 40,325 SH   SOLE   17,180 0 23,145
ALPHABET CAP CAP STK CL A 02079K305 8,597 3,945 SH   SOLE   1,740 0 2,205
AMERICOLD REALTY TRUST COM 03064D108 10,724 357,000 SH   SOLE   158,250 0 198,750
APOLLO GLOBAL MGMT COM CL A 03768E105 19,436 400,900 SH   SOLE   156,050 0 244,850
ARES MANAGEMENT CORPORATION CL A STK 03990B101 5,953 104,700 SH   SOLE   58,800 0 45,900
CANADIAN PAC RY COM 13645T100 11,796 168,900 SH   SOLE   72,650 0 96,250
DUCOMMUN DEL COM 264147109 3,422 79,500 SH   SOLE   79,500 0 0
FIDELITY NATL INFORMATION SVCS COM 31620M106 11,069 120,750 SH   SOLE   51,950 0 68,800
INTERCONTINENTAL EXCHANGE COM 45866F104 8,195 87,140 SH   SOLE   35,390 0 51,750
MASTERCARD INCORPORATED CL A STK 57636Q104 2,689 8,525 SH   SOLE   3,650 0 4,875
META PLATFORMS CL A STK 30303M102 5,021 31,135 SH   SOLE   5,435 0 25,700
MICROSOFT COM 594918104 8,623 33,575 SH   SOLE   14,450 0 19,125
RESTAURANT BRANDS INTL COM 76131D103 13,709 273,350 SH   SOLE   113,350 0 160,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 18,787 49,800 SH   SOLE   49,800 0 0
VISA INC CL A STK 92826C839 3,027 15,375 SH   SOLE   6,550 0 8,825