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
ALLY FINL INC COM 02005N100 574 39,790 SH   SOLE   39,790 0 0
BGC PARTNERS INC CL A 05541T101 1,624 644,280 SH   SOLE   644,280 0 0
BK OF AMERICA CORP COM 060505104 3,291 155,000 SH   SOLE   155,000 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 2,149 336,335 SH   SOLE   336,335 0 0
CAPITAL ONE FINL CORP COM 14040H105 2,440 48,403 SH   SOLE   48,403 0 0
CITIGROUP INC COM NEW 172967424 14,091 334,545 SH   SOLE   334,545 0 0
CITIZENS FINANCIAL GROUP INC COM 174610105 11,968 636,249 SH   SOLE   636,249 0 0
EVERCORE INC CLASS A 29977A105 793 17,213 SH   SOLE   17,213 0 0
FIFTH THIRD BANCORP COM 316773100 2,693 181,364 SH   SOLE   181,364 0 0
FIRST HORIZON NATL CORP COM 320517105 5,688 705,662 SH   SOLE   705,662 0 0
IBERIABANK CORP COM 450828108 1,319 36,482 SH   SOLE   36,482 0 0
INDEPENDENT BK GROUP INC COM 45384B106 779 32,903 SH   SOLE   32,903 0 0
INVESTORS BANCORP INC NEW COM 46146L101 2,940 367,928 SH   SOLE   367,928 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 6,826 200,000 SH Call SOLE   0 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 17,065 500,000 SH Put SOLE   0 0 0
ISHARES TR IBOXX HI YD ETF 464288513 15,414 200,000 SH Put SOLE   0 0 0
ISHARES TR IBOXX HI YD ETF 464288513 34,682 450,000 SH Call SOLE   0 0 0
MGIC INVT CORP WIS COM 552848103 2,201 346,686 SH   SOLE   346,686 0 0
MSCI INC COM 55354G100 722 2,500 SH Put SOLE   0 0 0
POPULAR INC COM NEW 733174700 3,229 92,251 SH   SOLE   92,251 0 0
PRUDENTIAL FINL INC COM 744320102 9,234 177,096 SH   SOLE   177,096 0 0
RADIAN GROUP INC COM 750236101 1,772 136,797 SH   SOLE   136,797 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 2,077 231,603 SH   SOLE   231,603 0 0
SYNOVUS FINL CORP COM NEW 87161C501 6,722 382,826 SH   SOLE   382,826 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 719 32,452 SH   SOLE   32,452 0 0
VOYA FINANCIAL INC COM 929089100 3,158 77,874 SH   SOLE   77,874 0 0
WELLS FARGO CO NEW COM 949746101 14,525 506,096 SH   SOLE   506,096 0 0
ATHENE HLDG LTD CL A G0684D107 11,629 468,542 SH   SOLE   468,542 0 0
APOLLO COML REAL EST FIN INC NOTE 03762UAB1 1,398 2,000,000 PRN   SOLE   2,000,000 0 0
CHESAPEAKE ENERGY CORP COM 165167107 244 5,000,000 PRN   SOLE   5,000,000 0 0
AXA EQUITABLE COM 29452E101 7,500 518,999 SH   SOLE   518,999 0 0