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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AERCAP HOLDINGS NV SHS N00985106   16,274,818 289,433 SH   SOLE 1,2,3 289,433 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104   12,224,358 100,612 SH   SOLE 1,2 100,612 0 0
ASSURED GUARANTY LTD COM G0585R106   18,013,350 358,332 SH   SOLE 1,2 358,332 0 0
ALLSTATE CORP COM 020002101   16,453,623 148,485 SH   SOLE 1,2 148,485 0 0
A-MARK PRECIOUS METALS INC COM 00181T107   13,233,944 381,932 SH   SOLE 1,2,3 381,932 0 0
BLACK KNIGHT INC COM 09215C105   20,710,606 359,809 SH   SOLE 1,2,3 359,809 0 0
AVIS BUDGET GROUP COM 053774105   13,004,458 66,758 SH   SOLE 1,2,3 66,758 0 0
CHUBB LIMITED COM H1467J104   16,907,641 87,072 SH   SOLE 1,2,3 87,072 0 0
CBOE GLOBAL MKTS INC COM 12503M108   6,828,655 50,869 SH   SOLE 1,2,3 50,869 0 0
CAMECO CORP COM 13321L108   13,483,255 515,218 SH   SOLE 1,2,3 515,218 0 0
CME GROUP INC COM 12572Q105   8,271,366 43,188 SH   SOLE 1,2 43,188 0 0
EAST WEST BANCORP INC COM 27579R104   11,045,166 199,012 SH   SOLE 1,2,3 199,012 0 0
FIRST HORIZON CORPORATION COM 320517105   11,627,391 653,959 SH   SOLE 1,2,3 653,959 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201   3,887,473 130,190 SH   SOLE 1,2 130,190 0 0
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   7,433,511 2,477,837 SH   SOLE 1,2 2,477,837 0 0
FORGE GLOBAL HOLDINGS INC COM 34629L103   1,986,829 1,135,331 SH   SOLE 3 1,135,331 0 0
FTAI AVIATION LTD SHS G3730V105   12,390,977 443,168 SH   SOLE 1,2,3 443,168 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   8,250,303 99,931 SH   SOLE 1,2 99,931 0 0
M/I HOMES INC COM 55305B101   5,221,770 82,767 SH   SOLE 1,2,3 82,767 0 0
MARSH & MCLENNAN COS INC COM 571748102   10,768,623 64,657 SH   SOLE 1,2,3 64,657 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104   8,053,029 145,994 SH   SOLE 1,2 145,994 0 0
SLM CORP COM 78442P106   16,490,793 1,330,976 SH   SOLE 1,2,3 1,330,976 0 0
TARGET HOSPITALITY CORP COM 87615L107   11,420,276 869,123 SH   SOLE 1,2,3 869,123 0 0
UPBOUND GROUP INC COM 76009N100   825,766 33,691 SH   SOLE 1,2 33,691 0 0
WESTERN ALLIANCE BANCORP COM 957638109   4,188,638 117,857 SH   SOLE 1,2 117,857 0 0