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
ALASKA AIR GROUP INC COM 011659109 68,801 1,717,880 SH   SOLE N/A 1,717,880 0 0
ALLEGIANT TRAVEL CO COM 01748X102 44,727 395,500 SH   SOLE N/A 395,500 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 38,420 3,030,000 SH   SOLE N/A 3,030,000 0 0
AMERICAN EXPRESS CO COM 025816109 34,655 250,000 SH   SOLE N/A 250,000 0 0
APPLE HOSPITALITY REIT INC COM NEW 03784Y200 4,115 280,501 SH   SOLE N/A 280,501 0 0
ARK ETF TR FINTECH INNOVA 00214Q708 5,422 350,000 SH   SOLE N/A 350,000 0 0
AVIDXCHANGE HOLDINGS INC COM 05368X102 12,280 2,000,000 SH   SOLE N/A 2,000,000 0 0
AVIS BUDGET GROUP COM 053774105 2,647 18,000 SH   SOLE N/A 18,000 0 0
BK OF AMERICA CORP COM 060505104 6,226 200,000 SH   SOLE N/A 200,000 0 0
BOOKING HOLDINGS INC COM 09857L108 306,185 175,064 SH   SOLE N/A 175,064 0 0
CARGURUS INC COM CL A 141788109 88,104 4,099,767 SH   SOLE N/A 4,099,767 0 0
CONTROLADORA VUELA COMP DE A SPON ADR RP 10 21240E105 16,432 1,600,000 SH   SOLE N/A 1,600,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 87,142 3,008,000 SH   SOLE N/A 3,008,000 0 0
ETSY INC COM 29786A106 494 6,750 SH   SOLE N/A 6,750 0 0
EXPEDIA GROUP INC COM NEW 30212P303 398,286 4,200,000 SH   SOLE N/A 4,200,000 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 21,011 100,000 SH   SOLE N/A 100,000 0 0
FRONTIER GROUP HLDGS INC COM 35909R108 28,333 3,023,848 SH   SOLE N/A 3,023,848 0 0
GREEN DOT CORP CL A 39304D102 18,641 742,382 SH   SOLE N/A 742,382 0 0
HOST HOTELS & RESORTS INC COM 44107P104 235 15,000 SH   SOLE N/A 15,000 0 0
HYATT HOTELS CORP COM CL A 448579102 370 5,000 SH   SOLE N/A 5,000 0 0
JETBLUE AWYS CORP COM 477143101 16,740 2,000,000 SH   SOLE N/A 2,000,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104 22,084 70,000 SH   SOLE N/A 70,000 0 0
META PLATFORMS INC CL A 30303M102 187,470 1,162,602 SH   SOLE N/A 1,162,602 0 0
PAYPAL HLDGS INC COM 70450Y103 19,206 275,000 SH   SOLE N/A 275,000 0 0
SCHWAB CHARLES CORP COM 808513105 72,657 1,150,000 SH   SOLE N/A 1,150,000 0 0
SIX FLAGS ENTMT CORP NEW COM 83001A102 217 10,000 SH   SOLE N/A 10,000 0 0
SOFI TECHNOLOGIES INC COM 83406F102 3,953 750,000 SH   SOLE N/A 750,000 0 0
SOUTHWEST AIRLS CO COM 844741108 124,773 3,454,404 SH   SOLE N/A 3,454,404 0 0
SPIRIT AIRLS INC COM 848577102 101,629 4,262,977 SH   SOLE N/A 4,262,977 0 0
STATE STR CORP COM 857477103 27,743 450,000 SH   SOLE N/A 450,000 0 0
SUN CTRY AIRLS HLDGS INC COM 866683105 40,214 2,192,712 SH   SOLE N/A 2,192,712 0 0
SYNCHRONY FINANCIAL COM 87165B103 220,960 8,000,000 SH   SOLE N/A 8,000,000 0 0
TRIPADVISOR INC COM 896945201 198,783 11,167,604 SH   SOLE N/A 11,167,604 0 0
TRIVAGO N V SPON ADS A SHS 89686D105 32,908 22,085,827 SH   SOLE N/A 22,085,827 0 0
TRUECAR INC COM 89785L107 21,904 8,457,142 SH   SOLE N/A 8,457,142 0 0
UBER TECHNOLOGIES INC COM 90353T100 273,850 13,384,660 SH   SOLE N/A 13,384,660 0 0
UNITED AIRLS HLDGS INC COM 910047109 119,926 3,385,827 SH   SOLE N/A 3,385,827 0 0
VACASA INC CLASS A COM 91854V107 8,086 2,807,567 SH   SOLE N/A 2,807,567 0 0
WEBSTER FINL CORP COM 947890109 25,290 600,000 SH   SOLE N/A 600,000 0 0
WEX INC COM 96208T104 281,144 1,807,300 SH   SOLE N/A 1,807,300 0 0