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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
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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
AXOS FINANCIAL INC COM 05465C100   1,893,000 50,000 SH   SOLE N/A 50,000 0 0
BRIGHTSPIRE CAPITAL INC COM CL A 10949T109   1,815,400 290,000 SH   SOLE N/A 290,000 0 0
ENACT HLDGS INC COM 29249E109   183,597,431 6,742,469 SH   SOLE N/A 6,742,469 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303   1,519,840 36,800 SH   SOLE N/A 36,800 0 0
GLOBE LIFE INC COM 37959E102   1,935,394 17,800 SH   SOLE N/A 17,800 0 0
GUILD HLDGS CO CL A 40172N107   9,070,797 826,873 SH   SOLE N/A 826,873 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   26,316,586 148,900 SH Put SOLE N/A 148,900 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   65,298,462 1,968,600 SH Put SOLE N/A 1,968,600 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   54,118,968 126,600 SH Put SOLE N/A 126,600 0 0
SPDR SER TR S&P REGL BKG 78464A698   12,597,832 301,600 SH Put SOLE N/A 301,600 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102   1,665,000 225,000 SH   SOLE N/A 225,000 0 0
WEBSTER FINL CORP COM 947890109   1,834,105 45,500 SH   SOLE N/A 45,500 0 0