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
OTIS WORLDWIDE CORP COM 68902V107 15,420 271,196 SH   SOLE   0 0 271,196
TRANSDIGM GROUP INC COM 893641100 17,247 39,016 SH   SOLE   0 0 39,016
VISA INC COM CL A 92826C839 14,307 74,067 SH   SOLE   0 0 74,067
NETFLIX INC COM 64110L106 14,274 31,369 SH   SOLE   0 0 31,369
SEA LTD SPONSORED ADS 81141R100 21,673 202,091 SH   SOLE   0 0 202,091
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 55,577 2,401,776 SH   SOLE   0 0 2,401,776
MICROSOFT CORP COM 594918104 15,389 75,616 SH   SOLE   0 0 75,616
MOODYS CORP COM 615369105 14,769 53,758 SH   SOLE   0 0 53,758
FIDELITY NATL INFORMATION SV COM 31620M106 13,660 101,870 SH   SOLE   0 0 101,870
AMERICAN AIRLINES GROUP INC COM 02376R102 22 1,719 SH   DFND   0 0 1,719