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 | 13,225 | 765,311 | SH | SOLE | N/A | 765,311 | 0 | 0 | |
| FLAGSTAR BANCORP INC | COM PAR .001 | 337930705 | 45,433 | 1,074,835 | SH | SOLE | N/A | 1,074,835 | 0 | 0 | |
| GLOBE LIFE INC | COM | 37959E102 | 5,994 | 62,926 | SH | SOLE | N/A | 62,926 | 0 | 0 | |
| GUILD HLDGS CO | CL A | 40172N107 | 13,806 | 900,000 | SH | SOLE | N/A | 900,000 | 0 | 0 | |
| HILLTOP HOLDINGS INC | COM | 432748101 | 33,977 | 933,428 | SH | SOLE | N/A | 933,428 | 0 | 0 | |
| HOME PT CAPITAL INCORPORATED | COM | 43734L106 | 744 | 125,500 | SH | SOLE | N/A | 125,500 | 0 | 0 | |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | 55,049 | 2,400 | SH | Put | SOLE | N/A | 2,400 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 | 21,777 | 1,601,246 | SH | SOLE | N/A | 1,601,246 | 0 | 0 | |
| ONEMAIN HLDGS INC | COM | 68268W103 | 76,352 | 1,274,442 | SH | SOLE | N/A | 1,274,442 | 0 | 0 | |
| RADIAN GROUP INC | COM | 750236101 | 556 | 25,000 | SH | SOLE | N/A | 25,000 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 96,314 | 2,250 | SH | Put | SOLE | N/A | 2,250 | 0 | 0 |
| WASHINGTON FED INC | COM | 938824109 | 6,417 | 201,913 | SH | SOLE | N/A | 201,913 | 0 | 0 | |