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
ADOBE SYSTEMS INCORPORATED COM 00724F101 546 963 SH   SOLE   963 0 0
AFFILIATED MANAGERS GROUP IN COM 008252108 8,094 49,199 SH   SOLE   49,199 0 0
AFLAC INC COM 001055102 28,287 484,449 SH   SOLE   484,449 0 0
ALLSTATE CORP COM 020002101 1,165 9,899 SH   SOLE   9,899 0 0
ALLY FINL INC COM 02005N100 2,914 61,200 SH   SOLE   61,200 0 0
AMERICAN EXPRESS CO COM 025816109 4,235 25,885 SH   SOLE   25,885 0 0
ANTHEM INC COM 036752103 23,097 49,828 SH   SOLE   49,828 0 0
AON PLC SHS CL A G0403H108 16,617 55,286 SH   SOLE   55,286 0 0
APOLLO GLOBAL MGMT INC COM CL A 03768E105 5,498 75,901 SH   SOLE   75,901 0 0
ARCH CAP GROUP LTD ORD G0450A105 11,609 261,160 SH   SOLE   261,160 0 0
ASSURANT INC COM 04621X108 222 1,426 SH   SOLE   1,426 0 0
ATHENE HOLDING LTD CL A G0684D107 7,444 89,331 SH   SOLE   89,331 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 7,230 29,323 SH   SOLE   29,323 0 0
AXIS CAP HLDGS LTD SHS G0692U109 8,672 159,213 SH   SOLE   159,213 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 7,025 23,494 SH   SOLE   23,494 0 0
BGC PARTNERS INC CL A 05541T101 3,156 678,647 SH   SOLE   678,647 0 0
BK OF AMERICA CORP COM 060505104 15,974 359,052 SH   SOLE   359,052 0 0
BLACK KNIGHT INC COM 09215C105 263 3,178 SH   SOLE   3,178 0 0
BLOCK INC CL A 852234103 740 4,584 SH   SOLE   4,584 0 0
BROWN & BROWN INC COM 115236101 5,632 80,133 SH   SOLE   80,133 0 0
CAPITAL ONE FINL CORP COM 14040H105 14,264 98,314 SH   SOLE   98,314 0 0
CARLYLE GROUP INC COM 14316J108 23,604 429,942 SH   SOLE   429,942 0 0
CBOE GLOBAL MKTS INC COM 12503M108 41,106 315,231 SH   SOLE   315,231 0 0
CINCINNATI FINL CORP COM 172062101 882 7,738 SH   SOLE   7,738 0 0
CITIGROUP INC COM NEW 172967424 491 8,133 SH   SOLE   8,133 0 0
CITIZENS FINL GROUP INC COM 174610105 18,978 401,641 SH   SOLE   401,641 0 0
CME GROUP INC COM 12572Q105 55,535 243,083 SH   SOLE   243,083 0 0
COINBASE GLOBAL INC COM CL A 19260Q107 2,553 10,118 SH   SOLE   10,118 0 0
COSTAR GROUP INC COM 22160N109 305 3,862 SH   SOLE   3,862 0 0
DUN & BRADSTREET HLDGS INC COM 26484T106 2,602 126,974 SH   SOLE   126,974 0 0
EQUITABLE HLDGS INC COM 29452E101 26,261 800,899 SH   SOLE   800,899 0 0
EVEREST RE GROUP LTD COM G3223R108 48,878 178,439 SH   SOLE   178,439 0 0
FACTSET RESH SYS INC COM 303075105 447 920 SH   SOLE   920 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 13,986 268,033 SH   SOLE   268,033 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 10,532 96,491 SH   SOLE   96,491 0 0
FRANKLIN RESOURCES INC COM 354613101 8,085 241,403 SH   SOLE   241,403 0 0
FRONTDOOR INC COM 35905A109 2,755 75,164 SH   SOLE   75,164 0 0
GALLAGHER ARTHUR J & CO COM 363576109 65,294 384,832 SH   SOLE   384,832 0 0
GLOBAL PMTS INC COM 37940X102 9,889 73,156 SH   SOLE   73,156 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 12,307 32,171 SH   SOLE   32,171 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 29,033 420,522 SH   SOLE   420,522 0 0
HUMANA INC COM 444859102 7,091 15,288 SH   SOLE   15,288 0 0
HUNTINGTON BANCSHARES INC COM 446150104 11,360 736,730 SH   SOLE   736,730 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 34,363 432,670 SH   SOLE   432,670 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 44,669 326,603 SH   SOLE   326,603 0 0
INTUIT COM 461202103 214 332 SH   SOLE   332 0 0
INVESCO LTD SHS G491BT108 10,620 461,338 SH   SOLE   461,338 0 0
JONES LANG LASALLE INC COM 48020Q107 16,432 61,007 SH   SOLE   61,007 0 0
LENNAR CORP CL A 526057104 10,955 94,313 SH   SOLE   94,313 0 0
LOWES COS INC COM 548661107 24,697 95,547 SH   SOLE   95,547 0 0
M & T BK CORP COM 55261F104 50,901 331,433 SH   SOLE   331,433 0 0
MARKEL CORP COM 570535104 19,218 15,574 SH   SOLE   15,574 0 0
MARQETA INC CLASS A COM 57142B104 278 16,208 SH   SOLE   16,208 0 0
MASTERCARD INCORPORATED CL A 57636Q104 13,022 36,241 SH   SOLE   36,241 0 0
METLIFE INC COM 59156R108 2,914 46,628 SH   SOLE   46,628 0 0
MOELIS & CO CL A 60786M105 1,721 27,530 SH   SOLE   27,530 0 0
NERDWALLET INC COM CL A 64082B102 787 50,592 SH   SOLE   50,592 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 4,606 377,261 SH   SOLE   377,261 0 0
POPULAR INC COM NEW 733174700 5,263 64,148 SH   SOLE   64,148 0 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 4,971 68,722 SH   SOLE   68,722 0 0
PULTE GROUP INC COM 745867101 72,228 1,263,610 SH   SOLE   1,263,610 0 0
RADIAN GROUP INC COM 750236101 9,105 430,885 SH   SOLE   430,885 0 0
RAYMOND JAMES FINL INC COM 754730109 49,410 492,133 SH   SOLE   492,133 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604 7,972 72,814 SH   SOLE   72,814 0 0
ROCKET COS INC COM CL A 77311W101 4,125 294,612 SH   SOLE   294,612 0 0
S&P GLOBAL INC COM 78409V104 10,360 21,952 SH   SOLE   21,952 0 0
SCHWAB CHARLES CORP COM 808513105 18,333 217,987 SH   SOLE   217,987 0 0
SOFI TECHNOLOGIES INC COM 83406F102 687 43,439 SH   SOLE   43,439 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 26,604 324,513 SH   SOLE   324,513 0 0
STATE STR CORP COM 857477103 56,439 606,876 SH   SOLE   606,876 0 0
SVB FINANCIAL GROUP COM 78486Q101 2,168 3,196 SH   SOLE   3,196 0 0
THOMSON REUTERS CORP. COM NEW 884903709 13,225 110,561 SH   SOLE   110,561 0 0
TRADEWEB MKTS INC CL A 892672106 211 2,107 SH   SOLE   2,107 0 0
TRANSUNION COM 89400J107 12,077 101,850 SH   SOLE   101,850 0 0
TRINET GROUP INC COM 896288107 6,027 63,267 SH   SOLE   63,267 0 0
TRUIST FINL CORP COM 89832Q109 19,500 333,055 SH   SOLE   333,055 0 0
UNUM GROUP COM 91529Y106 7,459 303,576 SH   SOLE   303,576 0 0
US BANCORP DEL COM NEW 902973304 37,118 660,819 SH   SOLE   660,819 0 0
UWM HOLDINGS CORPORATION COM CL A 91823B109 1,487 251,237 SH   SOLE   251,237 0 0
VIRTU FINL INC CL A 928254101 233 8,094 SH   SOLE   8,094 0 0
VOYA FINANCIAL INC COM 929089100 424 6,387 SH   SOLE   6,387 0 0
WELLS FARGO CO NEW COM 949746101 18,103 377,304 SH   SOLE   377,304 0 0
WEX INC COM 96208T104 3,372 24,022 SH   SOLE   24,022 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103 73,062 307,643 SH   SOLE   307,643 0 0
ZIONS BANCORPORATION N A COM 989701107 6,158 97,499 SH   SOLE   97,499 0 0