The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 | 1,672 | 630,855 | SH | SOLE | N/A | 630,855 | 0 | 0 | |
| FLAGSTAR BANCORP INC | COM PAR .001 | 337930705 | 21,912 | 744,535 | SH | SOLE | N/A | 744,535 | 0 | 0 | |
| HILLTOP HOLDINGS INC | COM | 432748101 | 19,135 | 1,037,145 | SH | SOLE | N/A | 1,037,145 | 0 | 0 | |
| IBERIABANK CORP | COM | 450828108 | 7,603 | 166,953 | SH | SOLE | N/A | 166,953 | 0 | 0 | |
| MGIC INVT CORP WIS | COM | 552848103 | 37,001 | 4,517,811 | SH | SOLE | N/A | 4,517,811 | 0 | 0 | |
| ONEMAIN HLDGS INC | COM | 68268W103 | 25,028 | 1,019,897 | SH | SOLE | N/A | 1,019,897 | 0 | 0 | |
| RADIAN GROUP INC | COM | 750236101 | 18,523 | 1,194,279 | SH | SOLE | N/A | 1,194,279 | 0 | 0 | |
| SLM CORP | COM | 78442P106 | 15,651 | 2,226,271 | SH | SOLE | N/A | 2,226,271 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 80,174 | 2,600 | SH | Put | SOLE | N/A | 260,000 | 0 | 0 |
| WEBSTER FINL CORP CONN | COM | 947890109 | 3,738 | 130,650 | SH | SOLE | N/A | 130,650 | 0 | 0 | |