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
ALLEGIANCE BANCSHARES INC COM 01748H107 1,576 48,700 SH   SOLE   48,700 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 1,611 98,437 SH   SOLE   98,437 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 23,625 260,966 SH   SOLE   260,966 0 0
AFLAC INC COM 001055102 15,128 332,050 SH   SOLE   332,050 0 0
APOLLO INVT CORP COM NEW 03761U502 3,280 264,543 SH   SOLE   264,543 0 0
ASSURANT INC COM 04621X108 11,602 129,721 SH   SOLE   129,721 0 0
AON PLC SHS CL A G0408V102 24,623 169,396 SH   SOLE   169,396 0 0
ASSOCIATED BANC CORP COM 045487105 4,948 250,004 SH   SOLE   250,004 0 0
ATHENE HLDG LTD CL A G0684D107 10,726 269,292 SH   SOLE   269,292 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 38,255 740,805 SH   SOLE   740,805 0 0
BANK AMER CORP COM 060505104 12,571 510,176 SH   SOLE   510,176 0 0
BANNER CORP COM NEW 06652V208 2,167 40,521 SH   SOLE   40,521 0 0
BB&T CORP COM 054937107 19,668 454,028 SH   SOLE   454,028 0 0
BRIDGE BANCORP INC COM 108035106 1,503 58,964 SH   SOLE   58,964 0 0
BOK FINL CORP COM NEW 05561Q201 8,578 116,983 SH   SOLE   116,983 0 0
BANK7 CORP COM 06652N107 638 47,805 SH   SOLE   47,805 0 0
CITIZENS FINL GROUP INC COM 174610105 11,137 374,613 SH   SOLE   374,613 0 0
CAPITAL ONE FINL CORP COM 14040H105 10,462 138,407 SH   SOLE   138,407 0 0
AXA EQUITABLE HLDGS INC COM 054561105 29,722 1,787,232 SH   SOLE   1,787,232 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 4,885 111,328 SH   SOLE   111,328 0 0
IBERIABANK CORP COM 450828108 18,679 290,587 SH   SOLE   290,587 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 15,242 202,330 SH   SOLE   202,330 0 0
INVESCO LTD SHS G491BT108 9,205 549,867 SH   SOLE   549,867 0 0
MORGAN STANLEY COM NEW 617446448 10,473 264,137 SH   SOLE   264,137 0 0
M & T BK CORP COM 55261F104 19,284 134,728 SH   SOLE   134,728 0 0
NORTHERN TR CORP COM 665859104 15,707 187,900 SH   SOLE   187,900 0 0
ONEMAIN HLDGS INC COM 68268W103 10,534 433,676 SH   SOLE   433,676 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,129 163,779 SH   SOLE   163,779 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 10,540 730,411 SH   SOLE   730,411 0 0
PNC FINL SVCS GROUP INC COM 693475105 24,386 208,586 SH   SOLE   208,586 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 9,615 208,567 SH   SOLE   208,567 0 0
REGIONS FINL CORP NEW COM 7591EP100 15,867 1,185,893 SH   SOLE   1,185,893 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 17,239 122,936 SH   SOLE   122,936 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 19,561 190,261 SH   SOLE   190,261 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 10,023 569,802 SH   SOLE   569,802 0 0
SCHWAB CHARLES CORP NEW COM 808513105 12,083 290,949 SH   SOLE   290,949 0 0
SVB FINL GROUP COM 78486Q101 23,019 121,203 SH   SOLE   121,203 0 0
SOLAR CAP LTD COM 83413U100 1,889 98,446 SH   SOLE   98,446 0 0
SYNOVUS FINL CORP COM NEW 87161C501 31,526 985,503 SH   SOLE   985,503 0 0
STERLING BANCORP DEL COM 85917A100 9,909 600,206 SH   SOLE   600,206 0 0
SYNCHRONY FINL COM 87165B103 19,304 822,865 SH   SOLE   822,865 0 0
HANOVER INS GROUP INC COM 410867105 19,071 163,322 SH   SOLE   163,322 0 0
TRAVELERS COMPANIES INC COM 89417E109 39,338 328,498 SH   SOLE   328,498 0 0
TPG SPECIALTY LENDING INC COM 87265K102 3,924 216,912 SH   SOLE   216,912 0 0
TOTAL SYS SVCS INC COM 891906109 3,620 44,533 SH   SOLE   44,533 0 0
VISA INC COM CL A 92826C839 2,746 20,813 SH   SOLE   20,813 0 0
VOYA FINL INC COM 929089100 31,009 772,525 SH   SOLE   772,525 0 0
WESTERN ALLIANCE BANCORP COM 957638109 16,267 411,916 SH   SOLE   411,916 0 0
WILLIS TOWERS WATSON PUB LTD SHS G96629103 30,885 203,376 SH   SOLE   203,376 0 0
WORLDPAY INC CL A 981558109 3,477 45,499 SH   SOLE   45,499 0 0
WINTRUST FINL CORP COM 97650W108 10,781 162,147 SH   SOLE   162,147 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,061 44,532 SH   SOLE   44,532 0 0
ALLEGHANY CORP DEL COM 017175100 24,342 39,052 SH   SOLE   39,052 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 3,773 36,788 SH   SOLE   36,788 0 0
BAIN CAP SPECIALTY FIN INC COM 05684B107 1,271 75,810 SH   SOLE   75,810 0 0