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
AFLAC INC COM 001055102 16,603 332,050 SH   SOLE   332,050 0 0
ALLEGHANY CORP DEL COM 017175100 19,224 31,392 SH   SOLE   31,392 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 1,642 48,700 SH   SOLE   48,700 0 0
ALLY FINL INC COM 02005N100 7,851 285,591 SH   SOLE   285,591 0 0
AMERICAN EXPRESS CO COM 025816109 15,504 141,851 SH   SOLE   141,851 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 16,559 172,116 SH   SOLE   172,116 0 0
AMERIPRISE FINL INC COM 03076C106 14,948 116,693 SH   SOLE   116,693 0 0
AON PLC SHS CL A G0408V102 30,828 180,597 SH   SOLE   180,597 0 0
APOLLO INVT CORP COM NEW 03761U502 3,075 203,099 SH   SOLE   203,099 0 0
ARES CAP CORP COM 04010L103 6,013 350,844 SH   SOLE   350,844 0 0
ASSOCIATED BANC CORP COM 045487105 5,338 250,004 SH   SOLE   250,004 0 0
ASSURANT INC COM 04621X108 23,605 248,714 SH   SOLE   248,714 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 1,755 98,437 SH   SOLE   98,437 0 0
AXA EQUITABLE HLDGS INC COM 054561105 14,284 709,260 SH   SOLE   709,260 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 27,578 503,436 SH   SOLE   503,436 0 0
BANNER CORP COM NEW 06652V208 2,195 40,521 SH   SOLE   40,521 0 0
BERKLEY W R CORP COM 084423102 9,614 113,483 SH   SOLE   113,483 0 0
BLACKROCK INC COM 09247X101 9,012 21,088 SH   SOLE   21,088 0 0
BOK FINL CORP COM NEW 05561Q201 12,940 158,681 SH   SOLE   158,681 0 0
BRIDGE BANCORP INC COM 108035106 1,728 58,964 SH   SOLE   58,964 0 0
CITIZENS FINL GROUP INC COM 174610105 13,828 425,468 SH   SOLE   425,468 0 0
CME GROUP INC COM CL A 12572Q105 9,494 57,687 SH   SOLE   57,687 0 0
DISCOVER FINL SVCS COM 254709108 13,392 188,189 SH   SOLE   188,189 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 13,424 289,115 SH   SOLE   289,115 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 3,134 27,710 SH   SOLE   27,710 0 0
FIFTH THIRD BANCORP COM 316773100 15,145 600,507 SH   SOLE   600,507 0 0
HANOVER INS GROUP INC COM 410867105 22,533 197,366 SH   SOLE   197,366 0 0
IBERIABANK CORP COM 450828108 16,228 226,306 SH   SOLE   226,306 0 0
INVESCO LTD SHS G491BT108 9,687 501,634 SH   SOLE   501,634 0 0
JPMORGAN CHASE & CO COM 46625H100 19,947 197,050 SH   SOLE   197,050 0 0
LINCOLN NATL CORP IND COM 534187109 11,813 201,240 SH   SOLE   201,240 0 0
LYFT INC CL A COM 55087P104 380 4,856 SH   SOLE   4,856 0 0
M & T BK CORP COM 55261F104 6,158 39,215 SH   SOLE   39,215 0 0
MORGAN STANLEY COM NEW 617446448 21,602 511,904 SH   SOLE   511,904 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,062 163,779 SH   SOLE   163,779 0 0
ONEMAIN HLDGS INC COM 68268W103 13,769 433,676 SH   SOLE   433,676 0 0
PEOPLES UTD FINL INC COM 712704105 12,941 787,147 SH   SOLE   787,147 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 9,060 165,627 SH   SOLE   165,627 0 0
PNC FINL SVCS GROUP INC COM 693475105 34,683 282,761 SH   SOLE   282,761 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 8,137 101,189 SH   SOLE   101,189 0 0
REGIONS FINL CORP NEW COM 7591EP100 16,084 1,136,707 SH   SOLE   1,136,707 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604 10,203 71,860 SH   SOLE   71,860 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 10,191 482,296 SH   SOLE   482,296 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 19,644 153,381 SH   SOLE   153,381 0 0
SOLAR CAP LTD COM 83413U100 2,544 122,087 SH   SOLE   122,087 0 0
STERLING BANCORP DEL COM 85917A100 16,027 860,265 SH   SOLE   860,265 0 0
SVB FINL GROUP COM 78486Q101 10,086 45,360 SH   SOLE   45,360 0 0
SYNCHRONY FINL COM 87165B103 29,322 919,200 SH   SOLE   919,200 0 0
SYNOVUS FINL CORP COM NEW 87161C501 17,904 521,072 SH   SOLE   521,072 0 0
TPG SPECIALTY LENDING INC COM 87265K102 5,590 279,487 SH   SOLE   279,487 0 0
TRAVELERS COMPANIES INC COM 89417E109 25,805 188,135 SH   SOLE   188,135 0 0
VOYA FINL INC COM 929089100 36,002 720,607 SH   SOLE   720,607 0 0
WESTERN ALLIANCE BANCORP COM 957638109 5,308 129,347 SH   SOLE   129,347 0 0
WILLIS TOWERS WATSON PUB LTD SHS G96629103 37,787 215,128 SH   SOLE   215,128 0 0
WINTRUST FINL CORP COM 97650W108 12,700 188,627 SH   SOLE   188,627 0 0
WORLDPAY INC CL A 981558109 22,338 196,807 SH   SOLE   196,807 0 0