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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFFILIATED MANAGERS GROUP IN COM 008252108   30,795,350 205,453 SH   SOLE   205,453 0 0
ALLSTATE CORP COM 020002101   4,963,828 45,523 SH   SOLE   45,523 0 0
AMERICAN EXPRESS CO COM 025816109   18,165,228 104,278 SH   SOLE   104,278 0 0
AMERICAN INTL GROUP INC COM NEW 026874784   84,047,240 1,460,675 SH   SOLE   1,460,675 0 0
AMERIPRISE FINL INC COM 03076C106   72,861,621 219,357 SH   SOLE   219,357 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101   3,576,127 37,116 SH   SOLE   37,116 0 0
ASSURANT INC COM 04621X108   26,873,781 213,759 SH   SOLE   213,759 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103   31,638,771 143,950 SH   SOLE   143,950 0 0
BANK NEW YORK MELLON CORP COM 064058100   2,307,427 51,829 SH   SOLE   51,829 0 0
BERKLEY W R CORP COM 084423102   4,990,771 83,794 SH   SOLE   83,794 0 0
BGC PARTNERS INC CL A 05541T101   922,295 208,193 SH   SOLE   208,193 0 0
BLACKROCK INC COM 09247X101   25,513,433 36,915 SH   SOLE   36,915 0 0
BLACKSTONE INC COM 09260D107   8,972,721 96,512 SH   SOLE   96,512 0 0
BLUE OWL CAPITAL INC COM CL A 09581B103   2,390,184 205,166 SH   SOLE   205,166 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103   948,563 5,727 SH   SOLE   5,727 0 0
BROWN & BROWN INC COM 115236101   15,346,295 222,927 SH   SOLE   222,927 0 0
CENTENE CORP DEL COM 15135B101   14,248,003 211,238 SH   SOLE   211,238 0 0
CHUBB LIMITED COM H1467J104   69,540,348 361,136 SH   SOLE   361,136 0 0
CITIGROUP INC COM NEW 172967424   64,074,651 1,391,717 SH   SOLE   1,391,717 0 0
CITIZENS FINL GROUP INC COM 174610105   7,913,585 303,435 SH   SOLE   303,435 0 0
CVS HEALTH CORP COM 126650100   10,245,619 148,208 SH   SOLE   148,208 0 0
ECOLAB INC COM 278865100   4,869,622 26,084 SH   SOLE   26,084 0 0
ELEVANCE HEALTH INC COM 036752103   21,304,594 47,952 SH   SOLE   47,952 0 0
ESSENT GROUP LTD COM G3198U102   2,895,563 61,871 SH   SOLE   61,871 0 0
EVERCORE INC CLASS A 29977A105   544,908 4,409 SH   SOLE   4,409 0 0
EVEREST RE GROUP LTD COM G3223R108   57,225,313 167,394 SH   SOLE   167,394 0 0
FACTSET RESH SYS INC COM 303075105   15,525,188 38,750 SH   SOLE   38,750 0 0
FEDERATED HERMES INC CL B 314211103   1,709,328 47,680 SH   SOLE   47,680 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303   15,949,512 443,042 SH   SOLE   443,042 0 0
FIDELITY NATL INFORMATION SV COM 31620M106   25,260,624 461,803 SH   SOLE   461,803 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105   1,730,694 6,893 SH   SOLE   6,893 0 0
FRANKLIN RESOURCES INC COM 354613101   2,098,231 78,556 SH   SOLE   78,556 0 0
GARTNER INC COM 366651107   24,767,618 70,702 SH   SOLE   70,702 0 0
GLOBAL PMTS INC COM 37940X102   52,457,270 532,453 SH   SOLE   532,453 0 0
GOLDMAN SACHS GROUP INC COM 38141G104   792,803 2,458 SH   SOLE   2,458 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104   85,001,029 1,180,242 SH   SOLE   1,180,242 0 0
HOME DEPOT INC COM 437076102   9,824,922 31,628 SH   SOLE   31,628 0 0
HUMANA INC COM 444859102   3,738,454 8,361 SH   SOLE   8,361 0 0
HUNTINGTON BANCSHARES INC COM 446150104   15,238,349 1,413,576 SH   SOLE   1,413,576 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   32,260,318 388,351 SH   SOLE   388,351 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104   82,183,152 726,770 SH   SOLE   726,770 0 0
INTUIT COM 461202103   31,372,727 68,471 SH   SOLE   68,471 0 0
INVITATION HOMES INC COM 46187W107   12,960,131 376,748 SH   SOLE   376,748 0 0
JONES LANG LASALLE INC COM 48020Q107   15,242,693 97,835 SH   SOLE   97,835 0 0
KEYCORP COM 493267108   7,586,807 821,083 SH   SOLE   821,083 0 0
KKR & CO INC COM 48251W104   11,312,504 202,009 SH   SOLE   202,009 0 0
LENNAR CORP CL A 526057104   26,506,072 211,524 SH   SOLE   211,524 0 0
LPL FINL HLDGS INC COM 50212V100   13,878,339 63,829 SH   SOLE   63,829 0 0
MARKETAXESS HLDGS INC COM 57060D108   2,971,561 11,367 SH   SOLE   11,367 0 0
MARQETA INC CLASS A COM 57142B104   196,724 40,395 SH   SOLE   40,395 0 0
MASTERCARD INCORPORATED CL A 57636Q104   53,843,163 136,901 SH   SOLE   136,901 0 0
METLIFE INC COM 59156R108   39,459,636 698,030 SH   SOLE   698,030 0 0
MGIC INVT CORP WIS COM 552848103   3,793,516 240,248 SH   SOLE   240,248 0 0
MOLINA HEALTHCARE INC COM 60855R100   394,926 1,311 SH   SOLE   1,311 0 0
MSCI INC COM 55354G100   3,641,221 7,759 SH   SOLE   7,759 0 0
NASDAQ INC COM 631103108   18,942,103 379,982 SH   SOLE   379,982 0 0
NORTHERN TR CORP COM 665859104   389,457 5,253 SH   SOLE   5,253 0 0
PAYCHEX INC COM 704326107   10,391,381 92,888 SH   SOLE   92,888 0 0
PJT PARTNERS INC COM CL A 69343T107   1,831,393 26,298 SH   SOLE   26,298 0 0
PNC FINL SVCS GROUP INC COM 693475105   34,215,073 271,656 SH   SOLE   271,656 0 0
PROGRESSIVE CORP COM 743315103   7,373,009 55,700 SH   SOLE   55,700 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604   41,968,704 302,608 SH   SOLE   302,608 0 0
SALESFORCE INC COM 79466L302   1,730,008 8,189 SH   SOLE   8,189 0 0
SIMON PPTY GROUP INC NEW COM 828806109   10,059,116 87,107 SH   SOLE   87,107 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100   10,702,687 176,612 SH   SOLE   176,612 0 0
STATE STR CORP COM 857477103   8,264,656 112,936 SH   SOLE   112,936 0 0
SYNCHRONY FINANCIAL COM 87165B103   4,382,837 129,211 SH   SOLE   129,211 0 0
TARGET CORP COM 87612E106   2,105,256 15,961 SH   SOLE   15,961 0 0
THOMSON REUTERS CORP. COM 884903808   7,347,753 54,452 SH   SOLE   54,452 0 0
TOAST INC CL A 888787108   1,098,775 48,683 SH   SOLE   48,683 0 0
TOLL BROTHERS INC COM 889478103   7,402,929 93,625 SH   SOLE   93,625 0 0
TPG INC COM CL A 872657101   1,340,020 45,797 SH   SOLE   45,797 0 0
TRADEWEB MKTS INC CL A 892672106   6,247,773 91,235 SH   SOLE   91,235 0 0
TRINET GROUP INC COM 896288107   1,922,003 20,238 SH   SOLE   20,238 0 0
TRUIST FINL CORP COM 89832Q109   23,489,170 773,943 SH   SOLE   773,943 0 0
UNION PAC CORP COM 907818108   587,873 2,873 SH   SOLE   2,873 0 0
UNUM GROUP COM 91529Y106   15,776,107 330,736 SH   SOLE   330,736 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108   2,060,083 72,309 SH   SOLE   72,309 0 0
WASTE CONNECTIONS INC COM 94106B101   3,582,826 25,067 SH   SOLE   25,067 0 0
WASTE MGMT INC DEL COM 94106L109   3,586,672 20,682 SH   SOLE   20,682 0 0
WELLS FARGO CO NEW COM 949746101   30,680,347 718,846 SH   SOLE   718,846 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103   60,347,346 256,252 SH   SOLE   256,252 0 0
WORKDAY INC CL A 98138H101   739,338 3,273 SH   SOLE   3,273 0 0