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
AERCAP HOLDINGS NV SHS N00985106 6,994 153,447 SH   SOLE 1,2,4 153,447 0 0
ALEXANDER & BALDWIN INC NEW COM 014491104 18,263 1,063,012 SH   SOLE 1,2,3,4,5,6 1,063,012 0 0
ALLIANCEBERNSTEIN HLDG L P UNIT LTD PARTN 01881G106 5,537 163,968 SH   SOLE 1,2 163,968 0 0
ALTIMAR ACQUISITION CORP SHS CL A G03707109 1,348 118,487 SH   SOLE 5,6 118,487 0 0
AMERIPRISE FINL INC COM 03076C106 5,615 28,894 SH   SOLE 1,2 28,894 0 0
AMERIS BANCORP COM 03076K108 5,422 142,417 SH   SOLE 1,2 142,417 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 12,087 276,587 SH   SOLE 1,2,4 276,587 0 0
AXIS CAP HLDGS LTD SHS G0692U109 4,952 98,268 SH   SOLE 1,2 98,268 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 5,244 168,300 SH   SOLE 1,2 168,300 0 0
BILL COM HLDGS INC COM 090043100 4,602 33,712 SH   SOLE 1,2,5,6 33,712 0 0
BOK FINL CORP COM NEW 05561Q201 5,961 87,044 SH   SOLE 1,2 87,044 0 0
CAI INTERNATIONAL INC COM 12477X106 4,570 146,278 SH   SOLE 1,2,3 146,278 0 0
CARLYLE GROUP INC COM 14316J108 10,081 320,641 SH   SOLE 1,2,5,6 320,641 0 0
CATHAY GEN BANCORP COM 149150104 7,338 227,955 SH   SOLE 1,2,4 227,955 0 0
CHUBB LIMITED COM H1467J104 6,072 39,446 SH   SOLE 1,2 39,446 0 0
COWEN INC CL A NEW 223622606 25,876 995,608 SH   SOLE 1,2,3,4,5,6 995,608 0 0
DONNELLEY FINL SOLUTIONS INC COM 25787G100 2,708 159,566 SH   SOLE 5,6 159,566 0 0
EVERQUOTE INC COM CL A 30041R108 1,674 44,815 SH   SOLE 1,2 44,815 0 0
EVERTEC INC COM 30040P103 4,107 104,441 SH   SOLE 1,2,3 104,441 0 0
FBL FINL GROUP INC CL A 30239F106 2,706 51,535 SH   SOLE 1,2 51,535 0 0
FEDERATED HERMES INC CL B 314211103 2,168 75,051 SH   SOLE 5,6 75,051 0 0
FINTECH ACQUISITION CORP IV UNIT 12/31/2025 31810N302 4,775 400,220 SH   SOLE 1,2,3 400,220 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 9,206 225,806 SH   SOLE 1,2,4 225,806 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 13,964 342,601 SH   SOLE 1,2,3,4 342,601 0 0
FOCUS FINL PARTNERS INC COM CL A 34417P100 1,993 45,826 SH   SOLE 5,6 45,826 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 9,066 386,448 SH   SOLE 1,2 386,448 0 0
GALLAGHER ARTHUR J & CO COM 363576109 3,083 24,919 SH   SOLE 1,2 24,919 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,528 9,586 SH   SOLE 5,6 9,586 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 11,101 226,648 SH   SOLE 1,2,4 226,648 0 0
HOVNANIAN ENTERPRISES INC CL A NEW 442487401 6,628 201,718 SH   SOLE 1,2,3 201,718 0 0
IMPAC MTG HLDGS INC COM NEW 45254P508 1,376 452,641 SH   SOLE 2 452,641 0 0
INSU ACQUISITION CORP III UNIT 12/31/2026 457817302 5,367 507,795 SH   SOLE 1,2,3,4 507,795 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 2,593 22,491 SH   SOLE 5,6 22,491 0 0
KAR AUCTION SVCS INC COM 48238T109 6,208 333,573 SH   SOLE 1,2,3 333,573 0 0
LADDER CAP CORP CL A 505743104 1,827 186,808 SH   SOLE 5,6 186,808 0 0
MAIDEN HOLDINGS LTD SHS G5753U112 1,257 504,938 SH   SOLE 5,6 504,938 0 0
MATINAS BIOPHARMA HLDGS INC COM 576810105 1,008 740,861 SH   SOLE 3 740,861 0 0
MFA FINL INC COM 55272X102 5,843 1,502,164 SH   SOLE 5,6 1,502,164 0 0
ONEMAIN HLDGS INC COM 68268W103 11,799 244,991 SH   SOLE 1,2,3,4 244,991 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 3,013 52,974 SH   SOLE 5,6 52,974 0 0
PAR TECHNOLOGY CORP COM 698884103 3,605 57,417 SH   SOLE 5,6 57,417 0 0
PAYPAL HLDGS INC COM 70450Y103 2,114 9,028 SH   SOLE 5,6 9,028 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 6,040 92,047 SH   SOLE 1,2 92,047 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 9,306 144,498 SH   SOLE 1,2,4 144,498 0 0
PIPER SANDLER COMPANIES COM 724078100 1,196 11,851 SH   SOLE 1,2 11,851 0 0
POPULAR INC COM NEW 733174700 10,110 179,507 SH   SOLE 1,2,4 179,507 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 2,757 54,619 SH   SOLE 1,2 54,619 0 0
REALOGY HLDGS CORP COM 75605Y106 2,595 197,794 SH   SOLE 1,2 197,794 0 0
RENAISSANCERE HLDGS LTD COM G7496G103 6,604 39,829 SH   SOLE 1,2 39,829 0 0
RENT A CTR INC NEW COM 76009N100 9,875 257,896 SH   SOLE 1,2,4 257,896 0 0
SHIFT4 PMTS INC CL A 82452J109 9,906 131,384 SH   SOLE 1,2,4 131,384 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 16,290 120,409 SH   SOLE 1,2,3,4 120,409 0 0
SLM CORP COM 78442P106 26,643 2,150,387 SH   SOLE 1,2,3,4 2,150,387 0 0
SOUTH MTN MERGER CORP COM CL A 838884104 2,971 184,198 SH   SOLE 5,6 184,198 0 0
STATE AUTO FINL CORP COM 855707105 2,717 153,171 SH   SOLE 2,3 153,171 0 0
SYNCHRONY FINANCIAL COM 87165B103 1,936 55,790 SH   SOLE 5,6 55,790 0 0
TRADEWEB MKTS INC CL A 892672106 3,100 49,632 SH   SOLE 5,6 49,632 0 0
TRITON INTL LTD CL A G9078F107 4,524 93,249 SH   SOLE 1,2,4 93,249 0 0
WATFORD HLDGS LTD SHS G94787101 5,770 166,765 SH   SOLE 1,2,5 166,765 0 0
WILLIS LEASE FINANCE CORP COM 970646105 3,035 99,631 SH   SOLE 2,3 99,631 0 0
XP INC CL A G98239109 8,715 219,680 SH   SOLE 1,2,4 219,680 0 0