Spo Advisory 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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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
ALPHABET INC	CAP STK CL A	02079K305	29,050	27,800	SH		DFND	1	27,800	0	0
ALPHABET INC	CAP STK CL A	02079K305	2,299	2,200	SH		DFND	2	2,200	0	0
ALPHABET INC	CAP STK CL C	02079K107	25,372	24,500	SH		DFND	2	24,500	0	0
ALPHABET INC	CAP STK CL C	02079K107	291,006	281,000	SH		DFND	1	281,000	0	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	283,789	995,855	SH		DFND	1	995,855	0	0
CHARTER COMMUNICATIONS INC N	CL A	16119P108	20,781	72,925	SH		DFND	2	72,925	0	0
ELECTRONIC ARTS INC	COM	285512109	11,986	151,900	SH		DFND	1	151,900	0	0
ELECTRONIC ARTS INC	COM	285512109	907	11,500	SH		DFND	2	11,500	0	0
EQUINIX INC	COM PAR $0.001	29444U700	146,595	415,801	SH		DFND	1	415,801	0	0
EQUINIX INC	COM PAR $0.001	29444U700	11,343	32,172	SH		DFND	2	32,172	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	7,078	331,659	SH		DFND	2	331,659	0	0
LIBERTY GLOBAL PLC	SHS CL A	G5480U104	12,268	574,900	SH		DFND	1	574,900	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	17,475	846,675	SH		DFND	2	846,675	0	0
LIBERTY GLOBAL PLC	SHS CL C	G5480U120	310,389	15,038,232	SH		DFND	1	15,038,232	0	0
LIBERTY MEDIA CORP DELAWARE	COM SER C FRMLA	531229854	198,577	6,468,300	SH		DFND	1	6,468,300	0	0
LIBERTY MEDIA CORP DELAWARE	COM SER C FRMLA	531229854	15,593	507,900	SH		DFND	2	507,900	0	0
SCHWAB CHARLES CORP NEW	COM	808513105	161,029	3,877,424	SH		DFND	1	3,877,424	0	0
SCHWAB CHARLES CORP NEW	COM	808513105	11,329	272,800	SH		DFND	2	272,800	0	0
TRANSDIGM GROUP INC	COM	893641100	309,455	910,000	SH		DFND	1	910,000	0	0
TRANSDIGM GROUP INC	COM	893641100	23,634	69,500	SH		DFND	2	69,500	0	0
VAIL RESORTS INC	COM	91879Q109	187,440	889,100	SH		DFND	1	889,100	0	0
VAIL RESORTS INC	COM	91879Q109	15,727	74,600	SH		DFND	2	74,600	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	1,330	42,100	SH		DFND	2	42,100	0	0
ZILLOW GROUP INC	CL C CAP STK	98954M200	16,829	532,900	SH		DFND	1	532,900	0	0