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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
Expires: July 31, 2015
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
LIBERTY MEDIA CORP DEL COM LBTY ONE S A 531229771 9,105,035 104,010 SH SOLE 104,010 0 0
VISA INC COM CL A 92826C839 64,003,440 186,550 SH SOLE 186,550 0 0
LIBERTY MEDIA CORP DEL COM LBTY ONE S C 531229755 33,461,309 351,706 SH SOLE 351,706 0 0
MASTERCARD INCORPORATED CL A 57636Q104 78,801,648 153,430 SH SOLE 153,430 0 0
TUCOWS INC COM NEW 898697206 14,709,038 1,091,985 SH SOLE 1,091,985 0 0
TRANSDIGM GROUP INC COM 893641100 60,946,158 45,754 SH SOLE 45,754 0 0
MICROSOFT CORP COM 594918104 48,544,823 130,140 SH SOLE 130,140 0 0