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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   52,541,118 438,940 SH   SOLE   438,940 0 0
AMERANT BANCORP INC CL A 023576101   4,454,513 259,134 SH   SOLE   259,134 0 0
CHATHAM LODGING TR COM 16208T102   608,503 65,011 SH   SOLE   65,011 0 0
CHEFS WHSE INC COM 163086101   9,923,579 277,505 SH   SOLE   277,505 0 0
CRESUD S A C I F Y A SPONSORED ADR 226406106   263,361 34,070 SH   SOLE   34,070 0 0
CRESUD S A C I F Y A *W EXP 03/09/202 P3311R259   25,213 50,710 SH   SOLE   50,710 0 0
FIRST AMERN FINL CORP COM 31847R102   64,479,927 1,130,830 SH   SOLE   1,130,830 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204   1,457,621 179,510 SH   SOLE   179,510 0 0
IRSA INVERSIONES Y REP S A *W EXP 05/12/202 P5880C134   83,721 199,336 SH   SOLE   199,336 0 0
OUTFRONT MEDIA INC COM 69007J106   68,953,831 4,386,376 SH   SOLE   4,386,376 0 0
PARK HOTELS & RESORTS INC COM 700517105   28,851,923 2,250,540 SH   SOLE   2,250,540 0 0
PEBBLEBROOK HOTEL TR COM 70509V100   1,019,293 73,120 SH   SOLE   73,120 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103   73,551,293 1,220,971 SH   SOLE   1,220,971 0 0
SABRE CORP COM 78573M104   3,374,041 1,057,693 SH   SOLE   1,057,693 0 0
SABRE CORP 6.50% CONV PFD A 78573M203   1,879,600 40,000 SH   SOLE   40,000 0 0
SABRE GLBL INC NOTE 4.000% 4/1 78573NAE2   777,540 1,000,000 PRN   SOLE   1,000,000 0 0