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
AMERICAN INTL GROUP INC COM NEW 026874784 25,985 488,072 SH   SOLE 1,2,3,4 488,072 0 0
APOLLO INVT CORP COM 03761U106 9,591 1,763,049 SH   SOLE 1,2,3,4 1,763,049 0 0
ARES CAP CORP COM 04010L103 16,827 978,912 SH   SOLE 1,2,3,4 978,912 0 0
ASSURANT INC COM 04621X108 15,264 141,395 SH   SOLE 1,2,3,4 141,395 0 0
AXA EQUITABLE HLDGS INC COM 054561105 23,537 1,097,312 SH   SOLE 1,2,3,4 1,097,312 0 0
BGC PARTNERS INC CL A 05541T101 21,374 1,808,287 SH   SOLE 1,2,3,4 1,808,287 0 0
BLACKROCK INC COM 09247X101 11,231 23,829 SH   SOLE 1,2,3,4 23,829 0 0
CAI INTERNATIONAL INC COM 12477X106 12,827 560,873 SH   SOLE 1,2,3 560,873 0 0
CME GROUP INC COM CL A 12572Q105 14,847 87,228 SH   SOLE 1,2,3,4 87,228 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 13,032 577,937 SH   SOLE 1,2 577,937 0 0
CARS COM INC COM 14575E105 9,649 349,459 SH   SOLE 1,2,3,4 349,459 0 0
CENTUTRY CMNTYS INC COM 156504300 9,572 364,654 SH   SOLE 1,2,3,4 364,654 0 0
CORPORATE CAP TR INC COM 219880101 8,570 561,619 SH   SOLE 1,2,3,4 561,619 0 0
COWEN INC CL A NEW 223622606 30,573 1,875,660 SH   SOLE 1,2,3,4 1,875,660 0 0
CURO GROUP HLDGS CORP COM 23131L107 24,913 824,128 SH   SOLE 1,2,3,4 824,128 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 19,845 378,790 SH   SOLE 1,2,3,4 378,790 0 0
EMPLOYERS HOLDINGS INC COM 292218104 8,968 197,969 SH   SOLE 1,2,3,4 197,969 0 0
HEALTH INS INNOVATIONS INC COM CL A 42225K106 8,858 143,682 SH   SOLE 1,2,3,4 143,682 0 0
INVESTMENT TECHNOLOGY GRP NE COM 46145F105 27,545 1,271,717 SH   SOLE 1,2,3,4 1,271,717 0 0
MGIC INVT CORP WIS COM 552848103 22,794 1,712,563 SH   SOLE 1,2,3,4 1,712,563 0 0
META FINL GROUP INC COM 59100U108 7,455 90,199 SH   SOLE 1,2,3,4 90,199 0 0
ONEMAIN HLDGS INC COM 68268W103 21,621 643,280 SH   SOLE 1,2,3,4 643,280 0 0
POPULAR INC COM NEW 733174700 21,179 413,244 SH   SOLE 1,2,3,4 413,244 0 0
PROGRESSIVE CORP OHIO COM 743315103 7,438 104,705 SH   SOLE 1,2,3,4 104,705 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 18,066 901,478 SH   SOLE 1,2,3,4 901,478 0 0
STERLING BANCORP DEL COM 85917A100 14,462 657,366 SH   SOLE 1,2,3,4 657,366 0 0
UNITED INS HLDGS CORP COM 910710102 14,776 660,216 SH   SOLE 1,2,3 660,216 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 14,723 129,429 SH   SOLE 1,2,3,4 129,429 0 0
VOYA FINL INC COM 929089100 23,666 476,458 SH   SOLE 1,2,3,4 476,458 0 0
ASSURED GUARANTY LTD COM G0585R106 31,796 752,916 SH   SOLE 1,2,3,4 752,916 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 12,610 218,498 SH   SOLE 1,2,3,4 218,498 0 0
BRIGHTSPHERE INVESTMNT GRP P SHS G1644T109 23,406 1,887,545 SH   SOLE 1,2,3,4 1,887,545 0 0
JAMES RIV GROUP LTD COM G5005R107 8,876 208,258 SH   SOLE 1,2,3,4 208,258 0 0
TRITON INTL LTD CL A G9078F107 19,328 580,958 SH   SOLE 1,2,3,4 580,958 0 0
REDWOOD TR INC COM 758075402 10,678 657,541 SH   SOLE 1,2,3,4 657,541 0 0