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
ADVANCED DISP SVCS INC DEL COM 00790X101 2,766 111,609 SH   SOLE   111,609 0 0
AXA EQUITABLE HLDGS INC COM 054561105 6,887 334,139 SH   SOLE   334,139 0 0
AZUL S A SPONSR ADR PFD 05501U106 3,593 219,619 SH   SOLE   219,619 0 0
BANK AMER CORP COM 060505104 3,197 113,418 SH   SOLE   113,418 0 0
BANK NEW YORK MELLON CORP COM 064058100 5,429 100,675 SH   SOLE   100,675 0 0
BGC PARTNERS INC CL A 05541T101 4,294 379,303 SH   SOLE   379,303 0 0
BJS WHSL CLUB HLDGS INC COM 05550J101 1,296 54,783 SH   SOLE   54,783 0 0
BLACK KNIGHT INC COM 09215C105 11,377 212,451 SH   SOLE   212,451 0 0
BLACKROCK INC COM 09247X101 2,297 4,603 SH   SOLE   4,603 0 0
BOYD GAMING CORP COM 103304101 1,202 34,677 SH   SOLE   34,677 0 0
BRIGHTVIEW HLDGS INC COM 10948C107 3,017 137,458 SH   SOLE   137,458 0 0
CITIZENS FINL GROUP INC COM 174610105 8,021 206,191 SH   SOLE   206,191 0 0
CME GROUP INC COM CL A 12572Q105 6,729 41,052 SH   SOLE   41,052 0 0
COMERICA INC COM 200340107 6,468 71,135 SH   SOLE   71,135 0 0
CONSTRUCTION PARTNERS INC COM CL A 21044C107 1,291 97,993 SH   SOLE   97,993 0 0
CORECIVIC INC COM 21871N101 6,024 252,145 SH   SOLE   252,145 0 0
DOMO INC COM CL B 257554105 1,399 51,242 SH   SOLE   51,242 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 11,383 186,126 SH   SOLE   186,126 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 1,569 79,427 SH   SOLE   79,427 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 2,960 218,635 SH   SOLE   218,635 0 0
EVO PMTS INC CL A COM 26927E104 1,369 66,519 SH   SOLE   66,519 0 0
FIRST HAWAIIAN INC COM 32051X108 7,339 252,892 SH   SOLE   252,892 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 938 27,380 SH   SOLE   27,380 0 0
GARDNER DENVER HLDGS INC COM 36555P107 2,811 95,656 SH   SOLE   95,656 0 0
GATES INDUSTRIAL CORPRATIN P ORD SHS G39108108 5,020 308,518 SH   SOLE   308,518 0 0
GREEN BRICK PARTNERS INC COM 392709101 1,353 138,016 SH   SOLE   138,016 0 0
GREENHILL & CO INC COM 395259104 1,948 68,605 SH   SOLE   68,605 0 0
GREENSKY INC CL A 39572G100 2,589 122,416 SH   SOLE   122,416 0 0
GRIFFON CORP COM 398433102 1,228 68,987 SH   SOLE   68,987 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 6,198 132,868 SH   SOLE   132,868 0 0
HUDSON LTD COM CL A G46408103 2,494 142,581 SH   SOLE   142,581 0 0
HYATT HOTELS CORP COM CL A 448579102 9,514 123,315 SH   SOLE   123,315 0 0
LIBERTY PPTY TR SH BEN INT 531172104 2,475 55,823 SH   SOLE   55,823 0 0
LINCOLN NATL CORP IND COM 534187109 6,400 102,811 SH   SOLE   102,811 0 0
MGM GROWTH PPTYS LLC CL A COM 55303A105 8,048 264,230 SH   SOLE   264,230 0 0
MOELIS & CO CL A 60786M105 1,744 29,730 SH   SOLE   29,730 0 0
MORGAN STANLEY COM NEW 617446448 9,376 197,806 SH   SOLE   197,806 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 3,221 116,056 SH   SOLE   116,056 0 0
PENN NATL GAMING INC COM 707569109 3,286 97,816 SH   SOLE   97,816 0 0
SABRE CORP COM 78573M104 2,328 94,493 SH   SOLE   94,493 0 0
SCHWAB CHARLES CORP NEW COM 808513105 2,938 57,489 SH   SOLE   57,489 0 0
STARS GROUP INC COM 85570W100 3,160 87,053 SH   SOLE   87,053 0 0
SVB FINL GROUP COM 78486Q101 7,657 26,518 SH   SOLE   26,518 0 0
SYNCHRONY FINL COM 87165B103 2,792 83,640 SH   SOLE   83,640 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 5,713 62,434 SH   SOLE   62,434 0 0
TOTAL SYS SVCS INC COM 891906109 4,721 55,851 SH   SOLE   55,851 0 0
TRANSUNION COM 89400J107 16,111 224,882 SH   SOLE   224,882 0 0
US XPRESS ENTERPRISES INC COM CL A 90338N202 3,230 213,350 SH   SOLE   213,350 0 0
VICTORY CAP HLDGS INC COM CL A 92645B103 2,834 267,834 SH   SOLE   267,834 0 0
VISA INC COM CL A 92826C839 7,008 52,914 SH   SOLE   52,914 0 0
VOYA FINL INC COM 929089100 7,902 168,132 SH   SOLE   168,132 0 0
WEX INC COM 96208T104 11,293 59,285 SH   SOLE   59,285 0 0
WISDOMTREE INVTS INC COM 97717P104 2,352 259,042 SH   SOLE   259,042 0 0
WYNDHAM HOTELS & RESORTS INC COM 98311A105 13,944 237,026 SH   SOLE   237,026 0 0
ZIONS BANCORPORATION COM 989701107 5,428 103,025 SH   SOLE   103,025 0 0