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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
SBA COMMUNICATIONS CORP NEW CL A 78410G104 111,282,600 575,312 SH DFND 1 0 0 0
PITNEY BOWES INC COM 724479100 34,352,500 3,250,000 SH DFND 1 0 0 0
INTERDIGITAL INC COM 45867G101 13,203,855 41,472 SH DFND 1 0 0 0
EXPEDIA GROUP INC COM NEW 30212P303 20,681,630 73,000 SH DFND 0 0 0
META PLATFORMS INC CL A 30303M102 9,901,350 15,000 SH DFND 1 0 0 0
MGIC INVT CORP WIS COM 552848103 9,974,247 341,350 SH DFND 1 0 0 0
RANGE RES CORP COM 75281A109 7,364,051 208,850 SH DFND 1 0 0 0
FRONTDOOR INC COM 35905A109 11,399,544 197,600 SH DFND 1 0 0 0
GEN DIGITAL INC COM 668771108 8,836,750 325,000 SH DFND 1 0 0 0
CVS HEALTH CORP COM 126650100 9,959,680 125,500 SH DFND 1 0 0 0
PAYPAL HLDGS INC COM 70450Y103 7,589,400 130,000 SH DFND 1 0 0 0
MATCH GROUP INC NEW COM 57667L107 11,301,500 350,000 SH DFND 1 0 0 0
ALPHABET INC CAP STK CL C 02079K107 13,493,400 43,000 SH DFND 1 0 0 0
OPEN TEXT CORP COM 683715106 10,099,800 310,000 SH DFND 1 0 0 0
HP INC COM 40434L105 5,993,320 269,000 SH DFND 1 0 0 0
SIGNET JEWELERS LIMITED SHS G81276100 6,713,280 81,000 SH DFND 1 0 0 0
WESTERN DIGITAL CORP COM 958102105 13,781,600 80,000 SH DFND 1 0 0 0
ECHOSTAR CORP CL A 278768106 11,442,088 105,263 SH DFND 1 0 0 0
QVC GROUP INC COM SER A NEW 74915M605 4,059,129 388,062 SH DFND 1 0 0 0