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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
EXANTAS CAP CORP COM NEW 30068N105 9,997 846,469 SH   SOLE N/A 846,469 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 38,170 997,908 SH   SOLE N/A 997,908 0 0
HILLTOP HOLDINGS INC COM 432748101 21,957 880,756 SH   SOLE N/A 880,756 0 0
IBERIABANK CORP COM 450828108 14,370 192,037 SH   SOLE N/A 192,037 0 0
MGIC INVT CORP WIS COM 552848103 54,891 3,873,767 SH   SOLE N/A 3,873,767 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 3,781 692,440 SH   SOLE N/A 692,440 0 0
ONEMAIN HLDGS INC COM 68268W103 63,376 1,503,592 SH   SOLE N/A 1,503,592 0 0
RADIAN GROUP INC COM 750236101 34,244 1,361,038 SH   SOLE N/A 1,361,038 0 0
SLM CORP COM 78442P106 47,800 5,364,807 SH   SOLE N/A 5,364,807 0 0
WEBSTER FINL CORP CONN COM 947890109 8,019 150,280 SH   SOLE N/A 150,280 0 0