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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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
AVALONBAY CMNTYS INC COM 053484101   2,146,200 10,000 SH   SOLE N/A 10,000 0 0
AVALONBAY CMNTYS INC COM 053484101   2,146,200 10,000 SH Put SOLE N/A 10,000 0 0
BANC OF CALIFORNIA INC COM 05990K106   14,092,515 993,130 SH   SOLE N/A 993,130 0 0
BANK AMERICA CORP COM 060505104   1,535,664 36,800 SH   SOLE N/A 36,800 0 0
BANK AMERICA CORP COM 060505104   1,669,200 40,000 SH Put SOLE N/A 40,000 0 0
BANKUNITED INC COM 06652K103   947,100 27,500 SH   SOLE N/A 27,500 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107   8,996,563 344,828 SH   SOLE N/A 344,828 0 0
CITIGROUP INC COM NEW 172967424   2,094,205 29,500 SH   SOLE N/A 29,500 0 0
CITIGROUP INC COM NEW 172967424   2,129,700 30,000 SH Put SOLE N/A 30,000 0 0
D R HORTON INC COM 23331A109   1,320,881 10,390 SH   SOLE N/A 10,390 0 0
ESSENT GROUP LTD COM G3198U102   709,956 12,300 SH   SOLE N/A 12,300 0 0
FINANCIAL INSTNS INC COM 317585404   1,998,922 80,085 SH   SOLE N/A 80,085 0 0
FIRST AMERN FINL CORP COM 31847R102   1,101,271 16,780 SH   SOLE N/A 16,780 0 0
FIRST AMERN FINL CORP COM 31847R102   1,640,750 25,000 SH Put SOLE N/A 25,000 0 0
FIRST BUSEY CORP COM NEW 319383204   507,794 23,509 SH   SOLE N/A 23,509 0 0
FLAGSTAR FINANCIAL INC COM NEW 649445400   1,936,659 166,666 SH   SOLE N/A 166,666 0 0
GLOBE LIFE INC COM 37959E102   658,600 5,000 SH   SOLE N/A 5,000 0 0
GUILD HLDGS CO CL A 40172N107   24,416,413 1,595,844 SH   SOLE N/A 1,595,844 0 0
HUNTINGTON BANCSHARES INC COM 446150104   1,501,000 100,000 SH   SOLE N/A 100,000 0 0
HUNTINGTON BANCSHARES INC COM 446150104   1,501,000 100,000 SH Put SOLE N/A 100,000 0 0
ISHARES TR US HOME CONS ETF 464288752   4,941,399 51,900 SH Call SOLE N/A 51,900 0 0
JONES LANG LASALLE INC COM 48020Q107   1,239,550 5,000 SH Put SOLE N/A 5,000 0 0
JONES LANG LASALLE INC COM 48020Q107   1,255,912 5,066 SH   SOLE N/A 5,066 0 0
JPMORGAN CHASE & CO. COM 46625H100   2,221,682 9,057 SH   SOLE N/A 9,057 0 0
JPMORGAN CHASE & CO. COM 46625H100   2,453,000 10,000 SH Put SOLE N/A 10,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104   1,611,473 2,940 SH   SOLE N/A 2,940 0 0
MASTERCARD INCORPORATED CL A 57636Q104   2,192,480 4,000 SH Put SOLE N/A 4,000 0 0
MERITAGE HOMES CORP COM 59001A102   276,148 3,896 SH   SOLE N/A 3,896 0 0
NORTHERN TR CORP COM 665859104   2,002,595 20,300 SH   SOLE N/A 20,300 0 0
NORTHERN TR CORP COM 665859104   2,959,500 30,000 SH Put SOLE N/A 30,000 0 0
OLD NATL BANCORP IND COM 680033107   989,234 46,684 SH   SOLE N/A 46,684 0 0
PNC FINL SVCS GROUP INC COM 693475105   2,636,550 15,000 SH   SOLE N/A 15,000 0 0
PNC FINL SVCS GROUP INC COM 693475105   2,636,550 15,000 SH Put SOLE N/A 15,000 0 0
POPULAR INC COM NEW 733174700   1,167,095 12,635 SH   SOLE N/A 12,635 0 0
PULTE GROUP INC COM 745867101   1,468,704 14,287 SH   SOLE N/A 14,287 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100   2,173,000 100,000 SH   SOLE N/A 100,000 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100   2,173,000 100,000 SH Put SOLE N/A 100,000 0 0
RITHM CAPITAL CORP COM NEW 64828T201   1,001,875 87,500 SH   SOLE N/A 87,500 0 0
S&P GLOBAL INC COM 78409V104   1,219,440 2,400 SH   SOLE N/A 2,400 0 0
S&P GLOBAL INC COM 78409V104   2,032,400 4,000 SH Put SOLE N/A 4,000 0 0
SCHWAB CHARLES CORP COM 808513105   822,410 10,506 SH   SOLE N/A 10,506 0 0
SCHWAB CHARLES CORP COM 808513105   1,565,600 20,000 SH Put SOLE N/A 20,000 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   1,743,350 35,000 SH Put SOLE N/A 35,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   96,774,470 173,000 SH Put SOLE N/A 173,000 0 0
SPDR SER TR S&P REGL BKG 78464A698   2,842,500 50,000 SH Call SOLE N/A 50,000 0 0
SPDR SER TR S&P REGL BKG 78464A698   9,948,750 175,000 SH Put SOLE N/A 175,000 0 0
STATE STR CORP COM 857477103   1,790,600 20,000 SH   SOLE N/A 20,000 0 0
STATE STR CORP COM 857477103   2,238,250 25,000 SH Put SOLE N/A 25,000 0 0
TAYLOR MORRISON HOME CORP COM 87724P106   965,863 16,087 SH   SOLE N/A 16,087 0 0
VISA INC COM CL A 92826C839   1,240,628 3,540 SH   SOLE N/A 3,540 0 0
VISA INC COM CL A 92826C839   2,102,760 6,000 SH Put SOLE N/A 6,000 0 0
WEBSTER FINL CORP COM 947890109   1,546,500 30,000 SH Put SOLE N/A 30,000 0 0
WEBSTER FINL CORP COM 947890109   1,840,283 35,699 SH   SOLE N/A 35,699 0 0
WESBANCO INC COM 950810101   377,371 12,189 SH   SOLE N/A 12,189 0 0