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
ALLEGHANY CORP. COM 017175100 2,016 3,650 SH   SOLE   3,650 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 6,669 275,000 SH   SOLE   275,000 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 166 207,500 SH   SOLE   207,500 0 0
ARTHUR J. GALLAGHER CO. COM 363576109 3,464 42,500 SH   SOLE   42,500 0 0
BANK OF AMERICA CORP. COM 060505104 1,624 76,500 SH   SOLE   76,500 0 0
BANKUNITED INC. COM 06652K103 94 5,000 SH   SOLE   5,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 18,384 100,550 SH   SOLE   100,550 0 0
CHUBB LTD. COM H1467J104 2,960 26,500 SH   SOLE   26,500 0 0
GATX CORP. COM 361448103 1,189 19,000 SH   SOLE   19,000 0 0
JP MORGAN CHASE & CO. COM 46625H100 450 5,000 SH   SOLE   5,000 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 16,078 200,000 SH   SOLE   200,000 0 0
SVB FINL GROUP COM 78486Q101 10,576 70,000 SH   SOLE   70,000 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 443 20,000 SH   SOLE   20,000 0 0
TRITON INTL LTD CL A G9078F107 2,587 100,000 SH   SOLE   100,000 0 0
US BANCORP COM NEW 902973304 2,877 83,500 SH   SOLE   83,500 0 0
WELLS FARGO & COMPANY COM 949746101 3,301 115,000 SH   SOLE   115,000 0 0
WELLS FARGO CO NEW $50 1/15/2021 CALL 949746901 17 800 SH   SOLE   800 0 0
AMERICAN INTL GROUP INC CALL 026874904 216 1,100 SH   SOLE   1,100 0 0
US BANCORP DEL CALL 902973904 25 50 SH   SOLE   50 0 0