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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFFILIATED MANAGERS GROUP IN COM 008252108   82,590,589 464,514 SH   SOLE   464,514 0 0
DOLLAR GEN CORP NEW COM 256677105   29,605,082 350,066 SH   SOLE   350,066 0 0
CARMAX INC COM 143130102   41,057,828 530,600 SH   SOLE   530,600 0 0
CIGNA CORP NEW COM 125523100   35,475,456 102,400 SH   SOLE   102,400 0 0
CHECK POINT SOFTWARE TECH LT ORD M22465104   20,514,984 106,400 SH   SOLE   106,400 0 0
GENPACT LIMITED SHS G3922B107   7,655,753 195,250 SH   SOLE   195,250 0 0
COMCAST CORP NEW CL A 20030N101   55,055,408 1,318,061 SH   SOLE   1,318,061 0 0
CVS HEALTH CORP COM 126650100   45,076,660 716,868 SH   SOLE   716,868 0 0
EBAY INC. COM 278642103   16,791,478 257,894 SH   SOLE   257,894 0 0
EXXON MOBIL CORP COM 30231G102   9,422,495 80,383 SH   SOLE   80,383 0 0
FEDEX CORP COM 31428X106   10,345,104 37,800 SH   SOLE   37,800 0 0
HARLEY DAVIDSON INC COM 412822108   13,193,443 342,420 SH   SOLE   342,420 0 0
HCA HEALTHCARE INC COM 40412C101   22,272,364 54,800 SH   SOLE   54,800 0 0
KT CORP SPONSORED ADR 48268K101   5,117,080 332,710 SH   SOLE   332,710 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104   30,570,130 1,448,135 SH   SOLE   1,448,135 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100   32,241,580 336,200 SH   SOLE   336,200 0 0
MICRON TECHNOLOGY INC COM 595112103   6,987,565 67,376 SH   SOLE   67,376 0 0
MEDTRONIC PLC SHS G5960L103   29,517,326 327,861 SH   SOLE   327,861 0 0
ROBERT HALF INC. COM 770323103   22,811,544 338,400 SH   SOLE   338,400 0 0
NOV INC COM 62955J103   11,447,296 716,800 SH   SOLE   716,800 0 0
POLARIS INC COM 731068102   12,877,228 154,700 SH   SOLE   154,700 0 0
SOUTHWEST AIRLS CO COM 844741108   37,066,626 1,250,983 SH   SOLE   1,250,983 0 0
STANLEY BLACK & DECKER INC COM 854502101   21,640,545 196,500 SH   SOLE   196,500 0 0
STATE STR CORP COM 857477103   14,411,763 162,900 SH   SOLE   162,900 0 0
GILEAD SCIENCES INC COM 375558103   6,086,784 72,600 SH   SOLE   72,600 0 0
SOLVENTUM CORP COM SHS 83444M101   2,837,604 40,700 SH   SOLE   40,700 0 0
VALE S A SPONSORED ADS 91912E105   19,678,464 1,684,800 SH   SOLE   1,684,800 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108   8,038,016 897,100 SH   SOLE   897,100 0 0
AMBEV SA SPONSORED ADR 02319V103   29,720,420 12,180,500 SH   SOLE   12,180,500 0 0
SEALED AIR CORP NEW COM 81211K100   18,433,140 507,800 SH   SOLE   507,800 0 0
SYSCO CORP COM 871829107   15,885,210 203,500 SH   SOLE   203,500 0 0
TENARIS S A COM 88031M109   16,351,473 514,359 SH   SOLE   514,359 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105   4,875,936 62,400 SH   SOLE   62,400 0 0