<?xml version="1.0" ?>
<proxyVoteTable xmlns="http://www.sec.gov/edgar/document/npxproxy/informationtable">
  <proxyTable>
    <issuerName>AMAZON.COM, INC.</issuerName>
    <cusip>023135106</cusip>
    <isin>US0231351067</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1451342</sharesVoted>
    <sharesOnLoan>898658</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1451342</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>AT&amp;T INC.</issuerName>
    <cusip>00206R102</cusip>
    <isin>US00206R1023</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory Approval of Executive Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2864158</sharesVoted>
    <sharesOnLoan>910842</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2864158</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>BROOKFIELD CORPORATION</issuerName>
    <cusip>11271J107</cusip>
    <isin>CA11271J1075</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Say on Pay Resolution The Say on Pay Resolution set out in the Circular.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1122567</sharesVoted>
    <sharesOnLoan>2277433</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1122567</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CAPITAL ONE FINANCIAL CORPORATION</issuerName>
    <cusip>14040H105</cusip>
    <isin>US14040H1059</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Advisory vote on our Named Executive Officer compensation (&quot;Say on Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>697133</sharesVoted>
    <sharesOnLoan>352867</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>697133</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CARPENTER TECHNOLOGY CORPORATION</issuerName>
    <cusip>144285103</cusip>
    <isin>US1442851036</isin>
    <meetingDate>10/07/2024</meetingDate>
    <voteDescription>Approve the compensation of the corporation's named executive officers, in an advisory vote.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>435358</sharesVoted>
    <sharesOnLoan>224642</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>435358</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CARVANA CO.</issuerName>
    <cusip>146869102</cusip>
    <isin>US1468691027</isin>
    <meetingDate>05/05/2025</meetingDate>
    <voteDescription>To consider the approval, by an advisory vote, of the compensation of our named executive officers as disclosed in the Proxy Statement (&quot;say-on-pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>556483</sharesVoted>
    <sharesOnLoan>373517</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>556483</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CARVANA CO.</issuerName>
    <cusip>146869102</cusip>
    <isin>US1468691027</isin>
    <meetingDate>05/05/2025</meetingDate>
    <voteDescription>To recommend, by an advisory vote, the frequency of future advisory votes on the compensation of our named executive officers (&quot;say-on-pay frequency&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>556483</sharesVoted>
    <sharesOnLoan>373517</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>556483</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CORPAY, INC.</issuerName>
    <cusip>219948106</cusip>
    <isin>US2199481068</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>243986</sharesVoted>
    <sharesOnLoan>366014</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>243986</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>COSTAR GROUP, INC.</issuerName>
    <cusip>22160N109</cusip>
    <isin>US22160N1090</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>851669</sharesVoted>
    <sharesOnLoan>1123331</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>851669</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CRH PUBLIC LIMITED COMPANY</issuerName>
    <cusip>G25508105</cusip>
    <isin>IE0001827041</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Consideration of Frequency of Future &quot;Say-on-Pay&quot; Votes</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2165465</sharesVoted>
    <sharesOnLoan>549535</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2165465</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CRH PUBLIC LIMITED COMPANY</issuerName>
    <cusip>G25508105</cusip>
    <isin>IE0001827041</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Consideration of Named Executive Officer Compensation for 2024 (&quot;Say-on-Pay&quot;)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2165465</sharesVoted>
    <sharesOnLoan>549535</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2165465</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>DISCOVER FINANCIAL SERVICES</issuerName>
    <cusip>254709108</cusip>
    <isin>US2547091080</isin>
    <meetingDate>02/18/2025</meetingDate>
    <voteDescription>Approval of, on an advisory (non-binding) basis, the merger related compensation payments that will or may be paid to named executive officers of Discover in connection with the transactions contemplated by the merger agreement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>495548</sharesVoted>
    <sharesOnLoan>144452</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>495548</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>EQT CORPORATION</issuerName>
    <cusip>26884L109</cusip>
    <isin>US26884L1098</isin>
    <meetingDate>04/16/2025</meetingDate>
    <voteDescription>Approval of a non-binding resolution to approve the 2024 compensation of EQT Corporation's named executive officers (say-on-pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>847207</sharesVoted>
    <sharesOnLoan>2102793</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>847207</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FERGUSON ENTERPRISES INC</issuerName>
    <cusip>31488V107</cusip>
    <isin>US31488V1070</isin>
    <meetingDate>12/05/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the fiscal 2024 compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>948331</sharesVoted>
    <sharesOnLoan>16669</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>948331</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FERGUSON ENTERPRISES INC.</issuerName>
    <cusip>31488V107</cusip>
    <isin>US31488V1070</isin>
    <meetingDate>12/05/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of future shareholder advisory votes to approve the compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>948331</sharesVoted>
    <sharesOnLoan>16669</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>948331</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FLUTTER ENTERTAINMENT PLC</issuerName>
    <cusip>G3643J108</cusip>
    <isin>IE00BWT6H894</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>744853</sharesVoted>
    <sharesOnLoan>225147</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>744853</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FLUTTER ENTERTAINMENT PLC</issuerName>
    <cusip>G3643J108</cusip>
    <isin>IE00BWT6H894</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the frequency (every one, two or three years) of advisory votes to approve the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>744853</sharesVoted>
    <sharesOnLoan>225147</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>744853</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FORTIVE CORPORATION</issuerName>
    <cusip>34959J108</cusip>
    <isin>US34959J1088</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>To approve on an advisory basis Fortive's named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>503449</sharesVoted>
    <sharesOnLoan>1071551</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>503449</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>HESS CORPORATION</issuerName>
    <cusip>42809H107</cusip>
    <isin>US42809H1077</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory approval of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>603237</sharesVoted>
    <sharesOnLoan>21763</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>603237</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>INTERCONTINENTAL EXCHANGE, INC.</issuerName>
    <cusip>45866F104</cusip>
    <isin>US45866F1049</isin>
    <meetingDate>05/16/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, the advisory resolution on executive compensation for named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1049437</sharesVoted>
    <sharesOnLoan>350563</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1049437</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>JACOBS SOLUTIONS INC.</issuerName>
    <cusip>46982L108</cusip>
    <isin>US46982L1089</isin>
    <meetingDate>01/29/2025</meetingDate>
    <voteDescription>Advisory vote to approve the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1146069</sharesVoted>
    <sharesOnLoan>503931</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1146069</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>KENVUE INC.</issuerName>
    <cusip>49177J102</cusip>
    <isin>US49177J1025</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approve, on a non-binding advisory basis, the compensation of Kenvue Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>630532</sharesVoted>
    <sharesOnLoan>1369468</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>630532</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LIVE NATION ENTERTAINMENT, INC.</issuerName>
    <cusip>538034109</cusip>
    <isin>US5380341090</isin>
    <meetingDate>06/12/2025</meetingDate>
    <voteDescription>To hold an advisory vote on the company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1171298</sharesVoted>
    <sharesOnLoan>928702</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1171298</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LPL FINANCIAL HOLDINGS INC.</issuerName>
    <cusip>50212V100</cusip>
    <isin>US50212V1008</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approve, in an advisory vote, the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>479122</sharesVoted>
    <sharesOnLoan>75878</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>479122</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MICROSOFT CORPORATION</issuerName>
    <cusip>594918104</cusip>
    <isin>US5949181045</isin>
    <meetingDate>12/10/2024</meetingDate>
    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation (&quot;say-on-pay vote&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>730057</sharesVoted>
    <sharesOnLoan>139943</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>730057</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NVIDIA CORPORATION</issuerName>
    <cusip>67066G104</cusip>
    <isin>US67066G1040</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Advisory approval of our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1348101</sharesVoted>
    <sharesOnLoan>201899</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1348101</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>PG&amp;E CORPORATION</issuerName>
    <cusip>69331C108</cusip>
    <isin>US69331C1080</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Executive Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>39387013</sharesVoted>
    <sharesOnLoan>12712987</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>39387013</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>PRIMO BRANDS CORPORATION</issuerName>
    <cusip>741623102</cusip>
    <isin>US7416231022</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Non-Binding Advisory Vote on Executive Compensation. Approval, on a non-binding advisory basis, of the compensation of Primo Brands Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2400000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2400000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>PRIMO BRANDS CORPORATION</issuerName>
    <cusip>741623102</cusip>
    <isin>US7416231022</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Non-Binding Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation. Approval, on a non-binding advisory basis, of the frequency of future non-binding advisory votes on the compensation of Primo Brands Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2400000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2400000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>RB GLOBAL, INC.</issuerName>
    <cusip>74935Q107</cusip>
    <isin>CA74935Q1072</isin>
    <meetingDate>05/05/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of a non-binding resolution on the compensation of the Company's named executive officers as described in the accompanying proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>456858</sharesVoted>
    <sharesOnLoan>493142</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>456858</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SEADRILL LIMITED</issuerName>
    <cusip>G7997W102</cusip>
    <isin>BMG7997W1029</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To conduct an advisory vote to approve the compensation of our named executive officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>803445</sharesVoted>
    <sharesOnLoan>221555</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>803445</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SEADRILL LIMITED</issuerName>
    <cusip>G7997W102</cusip>
    <isin>BMG7997W1029</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To conduct an advisory vote to approve the frequency of future advisory votes to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>803445</sharesVoted>
    <sharesOnLoan>221555</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>803445</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TALEN ENERGY CORPORATION</issuerName>
    <cusip>87422Q109</cusip>
    <isin>US87422Q1094</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>349739</sharesVoted>
    <sharesOnLoan>235261</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>349739</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TALEN ENERGY CORPORATION</issuerName>
    <cusip>87422Q109</cusip>
    <isin>US87422Q1094</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>349739</sharesVoted>
    <sharesOnLoan>235261</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>349739</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TELEPHONE AND DATA SYSTEMS, INC.</issuerName>
    <cusip>879433829</cusip>
    <isin>US8794338298</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>5568227</sharesVoted>
    <sharesOnLoan>1191773</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>5568227</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>UNITED STATES STEEL CORPORATION</issuerName>
    <cusip>912909108</cusip>
    <isin>US9129091081</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>To consider and act on a non-binding advisory vote regarding the approval of compensation paid to certain executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>152560</sharesVoted>
    <sharesOnLoan>847440</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>152560</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>VISTRA CORP.</issuerName>
    <cusip>92840M102</cusip>
    <isin>US92840M1027</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the 2024 compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>382881</sharesVoted>
    <sharesOnLoan>42119</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>382881</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
</proxyVoteTable>