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
ALPHABET INC CAP STK CL A 02079k107 16,657 173,250 SH   SOLE NONE 40,000 0 133,250
AMERICAN EXPRESS CO COM 025816109 9,403 69,702 SH   SOLE NONE 14,500 0 55,202
AMERICAN INTL GROUP INC COM 026874784 12,958 272,924 SH   SOLE NONE 136,000 0 136,924
APOLLO GLOBAL MGMT INC COM 03769M106 28,032 602,844 SH   SOLE NONE 251,664 0 351,180
APPLE INC COM 037833100 528 3,817 SH   SOLE NONE 0 0 3,817
ARCHAEA ENERGY INC COM CL A 03940f103 48,234 2,678,155 SH   SOLE NONE 745,000 0 1,933,155
ASSURED GUARANTY LTD COM G0585R106 3,876 80,000 SH   SOLE NONE 80,000 0 0
AUTOZONE INC COM 053332102 23,793 11,108 SH   SOLE NONE 2,000 0 9,108
BERKSHIRE HATHAWAY INC CL B 084670702 1,084 4,061 SH   SOLE NONE 0 0 4,061
BRIGHAM MINERALS INC COM CL A 10918L103 10,489 425,160 SH   SOLE NONE 0 0 425,160
CHARTER COMMUNICATIONS COM CL A 16119P108 4,399 14,501 SH   SOLE NONE 3,405 0 11,096
COCA COLA CO COM 191216100 737 13,164 SH   SOLE NONE 0 0 13,164
COMCAST CORP NEW CL A 20030n101 8,301 283,025 SH   SOLE NONE 54,000 0 229,025
DARLING INGREDIENTS INC COM 237266101 33,048 499,585 SH   SOLE NONE 120,000 0 379,585
ENSTAR GROUP LIMITED SHS G3075p101 19,839 116,983 SH   SOLE NONE 62,000 0 54,983
ESSENT GROUP LTD COM G3198U102 6,060 173,780 SH   SOLE NONE 77,000 0 96,780
EVEREST RE GROUP LTD COM G3223R108 4,199 16,000 SH   SOLE NONE 16,000 0 0
FIRST HORIZON NATL CORP COM 320517105 434 18,995 SH   SOLE NONE 0 0 18,995
HARTFORD FINL SVCS CORP COM 416515104 2,168 35,000 SH   SOLE NONE 35,000 0 0
HOME BANCSHARES INC COM 436893200 900 40,000 SH   SOLE NONE 0 0 40,000
LENNAR CORP CL A 526057104 6,147 82,450 SH   SOLE NONE 27,000 0 55,450
LENNAR CORP CL B 526057302 2,349 39,471 SH   SOLE NONE 0 0 39,471
LIBERTY BROADBAND CORP COM SER C 530307305 9,740 131,974 SH   SOLE NONE 31,200 0 100,774
MGIC INVESTMENT CORP CORP 552848103 33,089 2,581,032 SH   SOLE NONE 1,308,212 0 1,272,820
MICROSOFT CORP CORP 594918104 424 1,822 SH   SOLE NONE 0 0 1,822
NMI HOLDINGS INC CL A 629209305 525 25,760 SH   SOLE NONE 0 0 25,760
OLD REP INTL CORP COM 680223104 7,776 371,515 SH   SOLE NONE 120,000 0 251,515
PROGRESSIVE CORP OHIO COM 743315103 14,846 127,753 SH   SOLE NONE 53,500 0 74,253
REGIONS FINANCIAL CORP COM 7591EP100 386 19,235 SH   SOLE NONE 0 0 19,235
RICE ACQUISITION CORP II CL A G75529100 6,376 647,932 SH   SOLE NONE 150,000 0 497,932
STARWOOD PPTY TR INC COM 85571B105 12,848 705,180 SH   SOLE NONE 108,000 0 597,180
STORE CAP CORP COM 862121100 5,467 174,495 SH   SOLE NONE 0 0 174,495
TRAVELERS GROUP INC COM 894190107 1,992 13,000 SH   SOLE NONE 13,000 0 0
TRIUMPH BANCORP INC COM 89679E300 12,812 235,733 SH   SOLE NONE 48,000 0 187,733
VERISIGN INC COM 94343E102 1,315 7,569 SH   SOLE NONE 0 0 7,569
WESTROCK COFFEE CO COM 96145W103 20,157 1,951,295 SH   SOLE NONE 400,000 0 1,551,295