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 |
| FIRST HORIZON CORPORATION | COM | 320517105 | 12,941 | 765,311 | SH | SOLE | N/A | 765,311 | 0 | 0 | |
| FLAGSTAR BANCORP INC | COM PAR .001 | 337930705 | 48,475 | 1,074,835 | SH | SOLE | N/A | 1,074,835 | 0 | 0 | |
| GUILD HLDGS CO | CL A | 40172N107 | 12,780 | 900,000 | SH | SOLE | N/A | 900,000 | 0 | 0 | |
| HILLTOP HOLDINGS INC | COM | 432748101 | 35,398 | 1,037,145 | SH | SOLE | N/A | 1,037,145 | 0 | 0 | |
| HOME PT CAPITAL INCORPORATED | COM | 43734L106 | 1,167 | 125,500 | SH | SOLE | N/A | 125,500 | 0 | 0 | |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | 57,003 | 2,580 | SH | Put | SOLE | N/A | 2,580 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 | 62,572 | 4,517,811 | SH | SOLE | N/A | 4,517,811 | 0 | 0 | |
| ONEMAIN HLDGS INC | COM | 68268W103 | 76,277 | 1,419,897 | SH | SOLE | N/A | 1,419,897 | 0 | 0 | |
| RADIAN GROUP INC | COM | 750236101 | 27,767 | 1,194,279 | SH | SOLE | N/A | 1,194,279 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 39,633 | 1,000 | SH | Put | SOLE | N/A | 1,000 | 0 | 0 |
| SPDR SER TR | S&P REGL BKG | 78464A698 | 86,242 | 13,000 | SH | Put | SOLE | N/A | 13,000 | 0 | 0 |
| TRUSTMARK CORP | COM | 898402102 | 4,011 | 119,157 | SH | SOLE | N/A | 119,157 | 0 | 0 | |
| WASHINGTON FED INC | COM | 938824109 | 6,219 | 201,913 | SH | SOLE | N/A | 201,913 | 0 | 0 | |
| WEBSTER FINL CORP CONN | COM | 947890109 | 9,371 | 170,050 | SH | SOLE | N/A | 170,050 | 0 | 0 | |