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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 1,392 4,128 SH   SOLE   4,128 0 0
AFFILIATED MANAGERS GROUP IN COM 008252108 15,652 111,045 SH   SOLE   111,045 0 0
ALLY FINL INC COM 02005N100 7,102 163,334 SH   SOLE   163,334 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 689 4,730 SH   SOLE   4,730 0 0
ANTHEM INC COM 036752103 26,212 53,361 SH   SOLE   53,361 0 0
APOLLO GLOBAL MGMT INC COM 03769M106 9,687 156,270 SH   SOLE   156,270 0 0
BANK NEW YORK MELLON CORP COM 064058100 34,226 689,615 SH   SOLE   689,615 0 0
BGC PARTNERS INC CL A 05541T101 2,042 464,133 SH   SOLE   464,133 0 0
BLACK KNIGHT INC COM 09215C105 7,833 135,081 SH   SOLE   135,081 0 0
BLOCK INC CL A 852234103 1,619 11,942 SH   SOLE   11,942 0 0
CAPITAL ONE FINL CORP COM 14040H105 22,268 169,610 SH   SOLE   169,610 0 0
CARLYLE GROUP INC COM 14316J108 16,393 335,167 SH   SOLE   335,167 0 0
CBOE GLOBAL MKTS INC COM 12503M108 59,153 516,980 SH   SOLE   516,980 0 0
CIGNA CORP NEW COM 125523100 2,032 8,482 SH   SOLE   8,482 0 0
CINCINNATI FINL CORP COM 172062101 270 1,987 SH   SOLE   1,987 0 0
CITIZENS FINL GROUP INC COM 174610105 26,699 588,998 SH   SOLE   588,998 0 0
CME GROUP INC COM 12572Q105 1,416 5,954 SH   SOLE   5,954 0 0
CNA FINL CORP COM 126117100 2,252 46,311 SH   SOLE   46,311 0 0
CVS HEALTH CORP COM 126650100 846 8,363 SH   SOLE   8,363 0 0
DUN & BRADSTREET HLDGS INC COM 26484T106 440 25,110 SH   SOLE   25,110 0 0
EQUIFAX INC COM 294429105 6,488 27,366 SH   SOLE   27,366 0 0
EQUITABLE HLDGS INC COM 29452E101 33,008 1,067,869 SH   SOLE   1,067,869 0 0
ESSENT GROUP LTD COM G3198U102 805 19,530 SH   SOLE   19,530 0 0
EVEREST RE GROUP LTD COM G3223R108 48,012 159,306 SH   SOLE   159,306 0 0
FEDERATED HERMES INC CL B 314211103 2,725 80,000 SH Call SOLE   80,000 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 5,947 121,762 SH   SOLE   121,762 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 39,126 389,624 SH   SOLE   389,624 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 611 2,454 SH   SOLE   2,454 0 0
FRANKLIN RESOURCES INC COM 354613101 24,103 863,292 SH   SOLE   863,292 0 0
GALLAGHER ARTHUR J & CO COM 363576109 73,934 423,448 SH   SOLE   423,448 0 0
GLOBAL PMTS INC COM 37940X102 4,121 30,112 SH   SOLE   30,112 0 0
GLOBE LIFE INC COM 37959E102 7,416 73,721 SH   SOLE   73,721 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 251 760 SH   SOLE   760 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 98,218 1,367,743 SH   SOLE   1,367,743 0 0
HUMANA INC COM 444859102 1,383 3,179 SH   SOLE   3,179 0 0
INSPERITY INC COM 45778Q107 600 5,975 SH   SOLE   5,975 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 34,997 530,977 SH   SOLE   530,977 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 4,128 31,241 SH   SOLE   31,241 0 0
INTUIT COM 461202103 16,145 33,577 SH   SOLE   33,577 0 0
JONES LANG LASALLE INC COM 48020Q107 8,858 36,993 SH   SOLE   36,993 0 0
JPMORGAN CHASE & CO COM 46625H100 68,136 499,824 SH   SOLE   499,824 0 0
KKR & CO INC COM 48251W104 34,247 585,727 SH   SOLE   585,727 0 0
LENNAR CORP CL A 526057104 7,985 98,371 SH   SOLE   98,371 0 0
LOWES COS INC COM 548661107 1,100 5,441 SH   SOLE   5,441 0 0
M & T BK CORP COM 55261F104 43,138 254,503 SH   SOLE   254,503 0 0
MARKEL CORP COM 570535104 22,015 14,923 SH   SOLE   14,923 0 0
MARQETA INC CLASS A COM 57142B104 363 32,914 SH   SOLE   32,914 0 0
MARSH & MCLENNAN COS INC COM 571748102 7,273 42,675 SH   SOLE   42,675 0 0
METLIFE INC COM 59156R108 875 12,452 SH   SOLE   12,452 0 0
NERDWALLET INC COM CL A 64082B102 555 46,317 SH   SOLE   46,317 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 5,958 555,781 SH   SOLE   555,781 0 0
NVR INC COM 62944T105 3,082 690 SH   SOLE   690 0 0
OLD REP INTL CORP COM 680223104 5,730 221,505 SH   SOLE   221,505 0 0
POPULAR INC COM NEW 733174700 3,347 40,945 SH   SOLE   40,945 0 0
PRIMERICA INC COM 74164M108 556 4,067 SH   SOLE   4,067 0 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 5,247 71,481 SH   SOLE   71,481 0 0
PULTE GROUP INC COM 745867101 25,501 608,625 SH   SOLE   608,625 0 0
RADIAN GROUP INC COM 750236101 2,711 122,084 SH   SOLE   122,084 0 0
RAYMOND JAMES FINL INC COM 754730109 42,957 390,836 SH   SOLE   390,836 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604 16,628 151,907 SH   SOLE   151,907 0 0
RYAN SPECIALTY GROUP HLDGS I CL A 78351F107 453 11,683 SH   SOLE   11,683 0 0
SCHWAB CHARLES CORP COM 808513105 12,603 149,483 SH   SOLE   149,483 0 0
SEI INVTS CO COM 784117103 1,385 23,000 SH   SOLE   23,000 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 18,184 242,384 SH   SOLE   242,384 0 0
STATE STR CORP COM 857477103 49,498 568,157 SH   SOLE   568,157 0 0
THOMSON REUTERS CORP. COM NEW 884903709 8,487 77,967 SH   SOLE   77,967 0 0
TOLL BROTHERS INC COM 889478103 10,403 221,250 SH   SOLE   221,250 0 0
TRADEWEB MKTS INC CL A 892672106 1,040 11,833 SH   SOLE   11,833 0 0
TRANSUNION COM 89400J107 21,836 211,304 SH   SOLE   211,304 0 0
TRINET GROUP INC COM 896288107 7,626 77,532 SH   SOLE   77,532 0 0
TRUIST FINL CORP COM 89832Q109 18,939 334,016 SH   SOLE   334,016 0 0
UNUM GROUP COM 91529Y106 16,908 536,607 SH   SOLE   536,607 0 0
US BANCORP DEL COM NEW 902973304 41,085 772,992 SH   SOLE   772,992 0 0
UWM HOLDINGS CORPORATION COM CL A 91823B109 579 127,774 SH   SOLE   127,774 0 0
VISA INC COM CL A 92826C839 497 2,240 SH   SOLE   2,240 0 0
VOYA FINANCIAL INC COM 929089100 11,619 175,116 SH   SOLE   175,116 0 0
WELLS FARGO CO NEW COM 949746101 45,730 943,655 SH   SOLE   943,655 0 0
WEX INC COM 96208T104 1,308 7,328 SH   SOLE   7,328 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103 34,599 146,468 SH   SOLE   146,468 0 0
ZIONS BANCORPORATION N A COM 989701107 7,594 115,827 SH   SOLE   115,827 0 0