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
AFC GAMMA INC COM 00109K105 9,515 620,692 SH   SOLE 1,2,3 620,692 0 0
ALLIANCEBERNSTEIN HLDG L P UNIT LTD PARTN 01881G106 8,429 202,718 SH   SOLE 1,2 202,718 0 0
ALLSTATE CORP COM 020002101 7,261 57,297 SH   SOLE 1,2 57,297 0 0
A-MARK PRECIOUS METALS INC COM 00181T107 24,165 749,303 SH   SOLE 1,2,3 749,303 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 19,068 137,371 SH   SOLE 1,2,3 137,371 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 6,637 180,052 SH   SOLE 1,2,3 180,052 0 0
ASSURED GUARANTY LTD COM G0585R106 19,109 342,509 SH   SOLE 1,2,3 342,509 0 0
AVIS BUDGET GROUP COM 053774105 5,322 36,184 SH   SOLE 1,2 36,184 0 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 11,353 696,944 SH   SOLE 1,2,3 696,944 0 0
BANCO SANTANDER MEXICO SA SPONSORED ADS B 05969B103 2,515 498,487 SH   SOLE 2,3 498,487 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 14,797 479,944 SH   SOLE 1,2,3 479,944 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 10,151 325,445 SH   SOLE 1,2,3 325,445 0 0
BLOCK INC CL A 852234103 5,599 91,100 SH   SOLE 1,2 91,100 0 0
BRIDGE INVT GROUP HLDGS INC COM CL A 10806B100 3,707 254,971 SH   SOLE 1,2 254,971 0 0
BROADWAY FINL CORP DEL COM 111444105 3,018 2,846,815 SH   SOLE 1,2,3 2,846,815 0 0
COWEN INC CL A NEW 223622606 8,311 350,817 SH   SOLE 1,2 350,817 0 0
EAST WEST BANCORP INC COM 27579R104 8,977 138,533 SH   SOLE 1,2 138,533 0 0
EQUITABLE HLDGS INC COM 29452E101 15,013 575,885 SH   SOLE 1,2,3 575,885 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 15,394 167,927 SH   SOLE 1,2,3 167,927 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 8,405 220,549 SH   SOLE 1,2 220,549 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 9,708 67,322 SH   SOLE 1,2,3 67,322 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 17,347 58,403 SH   SOLE 1,2,3 58,403 0 0
HEALTHEQUITY INC COM 42226A107 6,100 99,358 SH   SOLE 1,2 99,358 0 0
MARKEL CORP COM 570535104 8,233 6,366 SH   SOLE 1,2 6,366 0 0
MASTERCARD INCORPORATED CL A 57636Q104 6,019 19,079 SH   SOLE 1,2,3 19,079 0 0
ONEWATER MARINE INC CL A COM 68280L101 4,348 131,565 SH   SOLE 1,2 131,565 0 0
PERELLA WEINBERG PARTNERS *W EXP 12/31/202 71367G110 86 122,552 SH   SOLE 1,2 122,552 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 11,470 168,628 SH   SOLE 1,2,3 168,628 0 0
PROFRAC HLDG CORP CLASS A COM 74319N100 16,051 876,650 SH   SOLE 1,2,3 876,650 0 0
PROGRESSIVE CORP COM 743315103 8,039 69,139 SH   SOLE 1,2,3 69,139 0 0
RBB BANCORP COM 74930B105 1,480 71,581 SH   SOLE 3 71,581 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 13,959 77,894 SH   SOLE 1,2,3 77,894 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 6,141 167,647 SH   SOLE 1,2,3 167,647 0 0
SPROTT INC COM NEW 852066208 13,370 384,876 SH   SOLE 1,2,3 384,876 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 6,395 273,763 SH   SOLE 1,2,3 273,763 0 0
THIRD COAST BANCSHARES INC COM 88422P109 4,955 226,239 SH   SOLE 2,3 226,239 0 0