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
AERCAP HOLDINGS NV SHS N00985106   8,651,740 116,412 SH   SOLE   116,412 0 0
AIR LEASE CORP CL A 00912X302   43,906,609 1,046,891 SH   SOLE   1,046,891 0 0
ALLSTATE CORP COM 020002101   10,422,771 74,459 SH   SOLE   74,459 0 0
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839   12,373,091 638,776 SH   SOLE   638,776 0 0
ANYWHERE REAL ESTATE INC COM 75605Y106   188,939 23,297 SH   SOLE   23,297 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   11,448,671 122,853 SH   SOLE   122,853 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100   953,619 44,834 SH   SOLE   44,834 0 0
CBRE GROUP INC CL A 12504L109   6,309,640 67,780 SH   SOLE   67,780 0 0
COINBASE GLOBAL INC COM CL A 19260Q107   1,039,694 5,978 SH   SOLE   5,978 0 0
COSTAR GROUP INC COM 22160N109   2,327,633 26,635 SH   SOLE   26,635 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108   1,618,445 149,856 SH   SOLE   149,856 0 0
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   532,795 30,376 SH   SOLE   30,376 0 0
DISCOVER FINL SVCS COM 254709108   22,546,316 200,590 SH   SOLE   200,590 0 0
ENOVA INTL INC COM 29357K103   4,442,031 80,239 SH   SOLE   80,239 0 0
EVERQUOTE INC COM CL A 30041R108   3,570,469 291,705 SH   SOLE   291,705 0 0
FIDELITY NATL INFORMATION SV COM 31620M106   2,297,678 38,250 SH   SOLE   38,250 0 0
FIRST HORIZON CORPORATION COM 320517105   14,790,347 1,044,516 SH   SOLE   1,044,516 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   10,043,522 26,035 SH   SOLE   26,035 0 0
GREEN DOT CORP CL A 39304D102   2,170,783 219,271 SH   SOLE   219,271 0 0
GREENBRIER COS INC COM 393657101   1,175,983 26,618 SH   SOLE   26,618 0 0
HENRY JACK & ASSOC INC COM 426281101   2,328,429 14,249 SH   SOLE   14,249 0 0
HERTZ GLOBAL HLDGS INC COM NEW 42806J700   3,132,990 301,539 SH   SOLE   301,539 0 0
KKR & CO INC COM 48251W104   13,005,379 156,975 SH   SOLE   156,975 0 0
KKR REAL ESTATE FIN TR INC COM 48251K100   910,158 68,795 SH   SOLE   68,795 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109   1,459,807 6,931 SH   SOLE   6,931 0 0
LENDINGTREE INC NOTE 0.500% 7/1 52603BAD9   4,127,872 5,000,000 SH   SOLE   5,000,000 0 0
LIGHTSPEED COMMERCE INC SUB VTG SHS 53229C107   1,324,091 63,082 SH   SOLE   63,082 0 0
LOCKHEED MARTIN CORP COM 539830109   1,531,498 3,379 SH   SOLE   3,379 0 0
LPL FINL HLDGS INC COM 50212V100   2,011,933 8,839 SH   SOLE   8,839 0 0
MASTERCARD INCORPORATED CL A 57636Q104   10,699,430 25,086 SH   SOLE   25,086 0 0
MEDIAALPHA INC CL A 58450V104   1,589,778 142,581 SH   SOLE   142,581 0 0
NORTHROP GRUMMAN CORP COM 666807102   1,462,001 3,123 SH   SOLE   3,123 0 0
Q2 HLDGS INC COM 74736L109   2,721,156 62,685 SH   SOLE   62,685 0 0
QUINSTREET INC COM 74874Q100   2,506,913 195,547 SH   SOLE   195,547 0 0
RE MAX HLDGS INC CL A 75524W108   577,975 43,359 SH   SOLE   43,359 0 0
REDFIN CORP COM 75737F108   4,085,688 395,900 SH   SOLE   395,900 0 0
REDWOOD TRUST INC COM 758075402   10,691,237 1,442,812 SH   SOLE   1,442,812 0 0
REPAY HLDGS CORP COM CL A 76029L100   678,802 79,485 SH   SOLE   79,485 0 0
ROOT INC CL A NEW 77664L207   543,807 51,890 SH   SOLE   51,890 0 0
RTX CORPORATION COM 75513E101   1,525,038 18,125 SH   SOLE   18,125 0 0
SCHWAB CHARLES CORP COM 808513105   9,952,058 144,652 SH   SOLE   144,652 0 0
SLM CORP COM 78442P106   10,993,331 574,965 SH   SOLE   574,965 0 0
STARWOOD PPTY TR INC COM 85571B105   1,595,922 75,924 SH   SOLE   75,924 0 0
SYNCHRONY FINANCIAL COM 87165B103   6,300,166 164,969 SH   SOLE   164,969 0 0
TRANSUNION COM 89400J107   2,199,407 32,010 SH   SOLE   32,010 0 0
VERRA MOBILITY CORP CL A COM STK 92511U102   1,023,499 44,442 SH   SOLE   44,442 0 0
WEBSTER FINL CORP COM 947890109   9,635,111 189,817 SH   SOLE   189,817 0 0
WESTERN ALLIANCE BANCORP COM 957638109   6,165,773 93,719 SH   SOLE   93,719 0 0
WEX INC COM 96208T104   7,486,284 38,480 SH   SOLE   38,480 0 0