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 4,895 17,788 SH   SOLE   17,788 0 0
AFFILIATED MANAGERS GROUP IN COM 008252108 23,214 207,547 SH   SOLE   207,547 0 0
ALLY FINL INC COM 02005N100 2,881 103,511 SH   SOLE   103,511 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 68,272 1,437,921 SH   SOLE   1,437,921 0 0
AON PLC SHS CL A G0403H108 13,199 49,274 SH   SOLE   49,274 0 0
APOLLO GLOBAL MGMT INC COM 03769M106 28,944 622,449 SH   SOLE   622,449 0 0
ASSURANT INC COM 04621X108 5,903 40,633 SH   SOLE   40,633 0 0
AVALONBAY CMNTYS INC COM 053484101 3,140 17,047 SH   SOLE   17,047 0 0
AXIS CAP HLDGS LTD SHS G0692U109 10,345 210,471 SH   SOLE   210,471 0 0
BGC PARTNERS INC CL A 05541T101 752 239,635 SH   SOLE   239,635 0 0
BK OF AMERICA CORP COM 060505104 41,233 1,365,333 SH   SOLE   1,365,333 0 0
BLACK KNIGHT INC COM 09215C105 2,007 31,000 SH   SOLE   31,000 0 0
BLACKROCK INC COM 09247X101 634 1,153 SH   SOLE   1,153 0 0
BROWN & BROWN INC COM 115236101 7,902 130,662 SH   SOLE   130,662 0 0
CAPITAL ONE FINL CORP COM 14040H105 37,157 403,132 SH   SOLE   403,132 0 0
CARLYLE GROUP INC COM 14316J108 16,847 651,959 SH   SOLE   651,959 0 0
CBOE GLOBAL MKTS INC COM 12503M108 49,127 418,569 SH   SOLE   418,569 0 0
CENTENE CORP DEL COM 15135B101 774 9,945 SH   SOLE   9,945 0 0
CHUBB LIMITED COM H1467J104 13,514 74,299 SH   SOLE   74,299 0 0
CITIZENS FINL GROUP INC COM 174610105 23,884 695,117 SH   SOLE   695,117 0 0
CLARIVATE PLC ORD SHS G21810109 402 42,801 SH   SOLE   42,801 0 0
CME GROUP INC COM 12572Q105 33,945 191,640 SH   SOLE   191,640 0 0
CNA FINL CORP COM 126117100 881 23,870 SH   SOLE   23,870 0 0
COREBRIDGE FINL INC COM 21871X109 11,921 605,446 SH   SOLE   605,446 0 0
COUPA SOFTWARE INC COM 22266L106 1,711 29,107 SH   SOLE   29,107 0 0
CSX CORP COM 126408103 560 21,029 SH   SOLE   21,029 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 132 11,562 SH   SOLE   11,562 0 0
CVS HEALTH CORP COM 126650100 11,823 123,973 SH   SOLE   123,973 0 0
DUN & BRADSTREET HLDGS INC COM 26484T106 6,059 489,005 SH   SOLE   489,005 0 0
ECOLAB INC COM 278865100 521 3,607 SH   SOLE   3,607 0 0
ELEVANCE HEALTH INC COM 036752103 54,663 120,339 SH   SOLE   120,339 0 0
EQUIFAX INC COM 294429105 444 2,590 SH   SOLE   2,590 0 0
EQUITABLE HLDGS INC COM 29452E101 9,631 365,500 SH   SOLE   365,500 0 0
ESSENT GROUP LTD COM G3198U102 4,288 122,981 SH   SOLE   122,981 0 0
EVERCORE INC CLASS A 29977A105 673 8,183 SH   SOLE   8,183 0 0
EVEREST RE GROUP LTD COM G3223R108 41,350 157,559 SH   SOLE   157,559 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 4,723 130,465 SH   SOLE   130,465 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 63,778 843,965 SH   SOLE   843,965 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 9,386 53,276 SH   SOLE   53,276 0 0
GARTNER INC COM 366651107 13,438 48,567 SH   SOLE   48,567 0 0
GLOBAL PMTS INC COM 37940X102 17,198 159,167 SH   SOLE   159,167 0 0
GLOBE LIFE INC COM 37959E102 6,679 66,987 SH   SOLE   66,987 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 14,432 49,247 SH   SOLE   49,247 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 41,835 675,411 SH   SOLE   675,411 0 0
HOULIHAN LOKEY INC CL A 441593100 446 5,917 SH   SOLE   5,917 0 0
HUMANA INC COM 444859102 1,858 3,830 SH   SOLE   3,830 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 27,846 435,706 SH   SOLE   435,706 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 40,114 443,987 SH   SOLE   443,987 0 0
JONES LANG LASALLE INC COM 48020Q107 12,764 84,488 SH   SOLE   84,488 0 0
JPMORGAN CHASE & CO COM 46625H100 2,981 28,523 SH   SOLE   28,523 0 0
KEYCORP COM 493267108 48,241 3,011,278 SH   SOLE   3,011,278 0 0
LINCOLN NATL CORP IND COM 534187109 38,676 880,799 SH   SOLE   880,799 0 0
M & T BK CORP COM 55261F104 16,752 95,007 SH   SOLE   95,007 0 0
MARKEL CORP COM 570535104 10,387 9,580 SH   SOLE   9,580 0 0
MASTERCARD INCORPORATED CL A 57636Q104 33,863 119,092 SH   SOLE   119,092 0 0
MOLINA HEALTHCARE INC COM 60855R100 516 1,563 SH   SOLE   1,563 0 0
MOODYS CORP COM 615369105 4,534 18,652 SH   SOLE   18,652 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 4,133 484,496 SH   SOLE   484,496 0 0
NVR INC COM 62944T105 2,281 572 SH   SOLE   572 0 0
PAYPAL HLDGS INC COM 70450Y103 38,567 448,087 SH   SOLE   448,087 0 0
PJT PARTNERS INC COM CL A 69343T107 558 8,348 SH   SOLE   8,348 0 0
PRIMERICA INC COM 74164M108 574 4,647 SH   SOLE   4,647 0 0
PROLOGIS INC. COM 74340W103 3,763 37,038 SH   SOLE   37,038 0 0
PULTE GROUP INC COM 745867101 25,692 685,121 SH   SOLE   685,121 0 0
RAYMOND JAMES FINL INC COM 754730109 19,859 200,964 SH   SOLE   200,964 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604 20,048 159,349 SH   SOLE   159,349 0 0
SALESFORCE INC COM 79466L302 3,236 22,497 SH   SOLE   22,497 0 0
SCHWAB CHARLES CORP COM 808513105 1,249 17,375 SH   SOLE   17,375 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 27,778 581,742 SH   SOLE   581,742 0 0
STATE STR CORP COM 857477103 41,243 678,234 SH   SOLE   678,234 0 0
TARGET CORP COM 87612E106 12,675 85,419 SH   SOLE   85,419 0 0
THOMSON REUTERS CORP. COM NEW 884903709 13,712 133,619 SH   SOLE   133,619 0 0
TOLL BROTHERS INC COM 889478103 5,723 136,263 SH   SOLE   136,263 0 0
TRADEWEB MKTS INC CL A 892672106 3,619 64,149 SH   SOLE   64,149 0 0
TRANSUNION COM 89400J107 23,211 390,164 SH   SOLE   390,164 0 0
TRINET GROUP INC COM 896288107 8,089 113,571 SH   SOLE   113,571 0 0
TRUIST FINL CORP COM 89832Q109 102,718 2,359,167 SH   SOLE   2,359,167 0 0
UNUM GROUP COM 91529Y106 2,479 63,883 SH   SOLE   63,883 0 0
US BANCORP DEL COM NEW 902973304 38,896 964,673 SH   SOLE   964,673 0 0
VOYA FINANCIAL INC COM 929089100 32,740 541,154 SH   SOLE   541,154 0 0
WELLS FARGO CO NEW COM 949746101 38,146 948,445 SH   SOLE   948,445 0 0
WEX INC COM 96208T104 304 2,396 SH   SOLE   2,396 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103 52,802 262,773 SH   SOLE   262,773 0 0