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
AMERICAN INTL GROUP INC COM NEW 026874784 5,519 108,100 SH   SOLE   108,100 0 0
BANCORP INC DEL COM 05969A105 2,902 162,022 SH   SOLE   162,022 0 0
BANK OF AMERICA CORPORATION COM 060505104 6,511 418,200 SH   SOLE   418,200 0 0
CAPITAL ONE FINL CORP COM 14040H105 11,921 155,600 SH   SOLE   155,600 0 0
CITIGROUP INC COM NEW 172967424 7,264 139,400 SH   SOLE   139,400 0 0
CYRUSONE INC COM 23283R100 2,312 103,527 SH   SOLE   103,527 0 0
D R HORTON INC COM 23331A109 2,924 131,000 SH   SOLE   131,000 0 0
DOLLAR GEN CORP NEW COM 256677105 3,680 61,000 SH   SOLE   61,000 0 0
EVERTEC INC COM 30040P103 5,768 233,900 SH   SOLE   233,900 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 3,905 120,325 SH   SOLE   120,325 0 0
GENERAL MTRS CO COM 37045V100 4,671 114,300 SH   SOLE   114,300 0 0
HOME INNS & HOTELS MGMT INC SPON ADR 43713W107 2,832 64,900 SH   SOLE   64,900 0 0
INTERCONTINENTALEXCHANGE GRO COM 45866F104 3,711 16,500 SH   SOLE   16,500 0 0
LENNAR CORP CL A 526057104 2,306 58,300 SH   SOLE   58,300 0 0
LPL FINL HLDGS INC COM 50212V100 10,318 219,300 SH   SOLE   219,300 0 0
LYON WILLIAM HOMES CL A NEW 552074700 1,291 58,300 SH   SOLE   58,300 0 0
MASTERCARD INC CL A 57636Q104 7,243 8,669 SH   SOLE   8,669 0 0
RALPH LAUREN CORP CL A 751212101 2,702 15,300 SH   SOLE   15,300 0 0
REALOGY HLDGS CORP COM 75605Y106 4,002 80,900 SH   SOLE   80,900 0 0
RYLAND GROUP INC COM 783764103 2,965 68,300 SH   SOLE   68,300 0 0
STARWOOD PPTY TR INC COM 85571B105 7,811 282,000 SH   SOLE   282,000 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 7,462 37,300 SH   SOLE   37,300 0 0
VISA INC COM CL A 92826C839 9,353 42,000 SH   SOLE   42,000 0 0
WEX INC COM 96208T104 2,872 29,000 SH   SOLE   29,000 0 0