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
AGREE RLTY CORP COM 008492100 490 7,393 SH   SOLE   7,393 0 0
ALIGHT INC *W EXP 05/26/202 01626W119 702 230,213 SH   SOLE   230,213 0 0
ALIGHT INC COM CL A 01626W101 228 19,872 SH   SOLE   19,872 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 1,536 15,225 SH   SOLE   15,225 0 0
ALLY FINL INC COM 02005N100 3,701 72,495 SH   SOLE   72,495 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 1,992 15,831 SH   SOLE   15,831 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,926 71,530 SH   SOLE   71,530 0 0
AMERIPRISE FINL INC COM 03076C106 4,039 15,291 SH   SOLE   15,291 0 0
APOLLO GLOBAL MGMT INC COM CL A 03768E105 4,371 70,963 SH   SOLE   70,963 0 0
ASSURANT INC COM 04621X108 2,244 14,228 SH   SOLE   14,228 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 991 4,957 SH   SOLE   4,957 0 0
BRIDGE INVT GROUP HLDGS INC COM CL A 10806B100 963 54,483 SH   SOLE   54,483 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 1,299 49,700 SH   SOLE   49,700 0 0
BRP GROUP INC COM CL A 05589G102 2,121 63,700 SH   SOLE   63,700 0 0
CANNAE HLDGS INC COM 13765N107 4,159 133,681 SH   SOLE   133,681 0 0
CANTALOUPE INC COM 138103106 757 70,201 SH   SOLE   70,201 0 0
CARLYLE GROUP INC COM 14316J108 6,658 140,823 SH   SOLE   140,823 0 0
CBOE GLOBAL MKTS INC COM 12503M108 6,483 52,338 SH   SOLE   52,338 0 0
CERIDIAN HCM HLDG INC COM 15677J108 561 4,985 SH   SOLE   4,985 0 0
CI FINL CORP COM 125491100 4,502 221,645 SH   SOLE   221,645 0 0
CME GROUP INC COM 12572Q105 3,699 19,126 SH   SOLE   19,126 0 0
COMERICA INC COM 200340107 606 7,525 SH   SOLE   7,525 0 0
COWEN INC CL A NEW 223622606 2,764 80,548 SH   SOLE   80,548 0 0
CURO GROUP HOLDINGS CORP COM 23131L107 247 14,244 SH   SOLE   14,244 0 0
EQUITABLE HLDGS INC COM 29452E101 7,541 254,407 SH   SOLE   254,407 0 0
EURONET WORLDWIDE INC COM 298736109 3,288 25,833 SH   SOLE   25,833 0 0
EVERCORE INC CLASS A 29977A105 7,297 54,587 SH   SOLE   54,587 0 0
EVERI HLDGS INC COM 30034T103 1,288 53,261 SH   SOLE   53,261 0 0
FACTSET RESH SYS INC COM 303075105 757 1,918 SH   SOLE   1,918 0 0
FIRST AMERN FINL CORP COM 31847R102 4,011 59,825 SH   SOLE   59,825 0 0
FIRST BANCORP P R COM NEW 318672706 2,780 211,440 SH   SOLE   211,440 0 0
FIRST INDL RLTY TR INC COM 32054K103 914 17,552 SH   SOLE   17,552 0 0
FIVE STAR BANCORP COM 33830T103 1,162 48,553 SH   SOLE   48,553 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 1,936 38,129 SH   SOLE   38,129 0 0
FLUSHING FINL CORP COM 343873105 321 14,193 SH   SOLE   14,193 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 0 34,144 SH   SOLE   34,144 0 0
GALLAGHER ARTHUR J & CO COM 363576109 1,944 13,075 SH   SOLE   13,075 0 0
GLOBAL E ONLINE LTD SHS M5216V106 217 3,023 SH   SOLE   3,023 0 0
GLOBAL PMTS INC COM 37940X102 6,086 38,619 SH   SOLE   38,619 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 3,127 66,363 SH   SOLE   66,363 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 1,776 25,279 SH   SOLE   25,279 0 0
HCI GROUP INC COM 40416E103 960 8,668 SH   SOLE   8,668 0 0
HEALTHCARE TR AMER INC CL A NEW 42225P501 2,543 85,727 SH   SOLE   85,727 0 0
I3 VERTICALS INC COM CL A 46571Y107 846 34,949 SH   SOLE   34,949 0 0
INNOVATIVE INDL PPTYS INC COM 45781V101 986 4,265 SH   SOLE   4,265 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 2,472 59,363 SH   SOLE   59,363 0 0
INTL GNRL INSURANCE HLDNGS L SHS G4809J106 630 75,282 SH   SOLE   75,282 0 0
INVESCO LTD SHS G491BT108 6,624 274,732 SH   SOLE   274,732 0 0
JAMES RIV GROUP LTD COM G5005R107 745 19,747 SH   SOLE   19,747 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,425 38,367 SH   SOLE   38,367 0 0
KEYCORP COM 493267108 4,609 213,189 SH   SOLE   213,189 0 0
KITE RLTY GROUP TR COM NEW 49803T300 4,288 210,590 SH   SOLE   210,590 0 0
KKR & CO INC COM 48251W104 15,165 249,093 SH   SOLE   249,093 0 0
LENDINGTREE INC NEW COM 52603B107 1,728 12,360 SH   SOLE   12,360 0 0
LIGHTSPEED COMMERCE INC SUB VTG SHS 53229C107 1,795 18,612 SH   SOLE   18,612 0 0
LINCOLN NATL CORP IND COM 534187109 669 9,726 SH   SOLE   9,726 0 0
MBIA INC COM 55262C100 699 54,434 SH   SOLE   54,434 0 0
METROPOLITAN BK HLDG CORP COM 591774104 2,811 33,345 SH   SOLE   33,345 0 0
MID PENN BANCORP INC COM 59540G107 296 10,741 SH   SOLE   10,741 0 0
MVB FINL CORP COM 553810102 569 13,283 SH   SOLE   13,283 0 0
NAVIENT CORPORATION COM 63938C108 806 40,847 SH   SOLE   40,847 0 0
NCR CORP NEW COM 62886E108 5,297 136,661 SH   SOLE   136,661 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 1,495 135,900 SH   SOLE   135,900 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 1,962 152,413 SH   SOLE   152,413 0 0
NEWMARK GROUP INC CL A 65158N102 1,214 84,811 SH   SOLE   84,811 0 0
NORTHERN TR CORP COM 665859104 4,367 40,504 SH   SOLE   40,504 0 0
OLD REP INTL CORP COM 680223104 865 37,382 SH   SOLE   37,382 0 0
OPEN LENDING CORP COM CL A 68373J104 2,613 72,455 SH   SOLE   72,455 0 0
PAGSEGURO DIGITAL LTD COM CL A G68707101 3,652 70,620 SH   SOLE   70,620 0 0
PATRIA INVESTMENTS LIMITED COM CL A G69451105 3,628 222,193 SH   SOLE   222,193 0 0
PAYCOR HCM INC COM 70435P102 552 15,693 SH   SOLE   15,693 0 0
PEBBLEBROOK HOTEL TR COM 70509V100 484 21,588 SH   SOLE   21,588 0 0
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102 2,409 181,794 SH   SOLE   181,794 0 0
PHILLIPS EDISON & CO INC COMMON STOCK 71844V201 705 22,964 SH   SOLE   22,964 0 0
POPULAR INC COM NEW 733174700 4,307 55,458 SH   SOLE   55,458 0 0
QUINSTREET INC COM 74874Q100 1,791 102,007 SH   SOLE   102,007 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604 751 6,748 SH   SOLE   6,748 0 0
REKOR SYSTEMS INC COM 759419104 286 24,930 SH   SOLE   24,930 0 0
REPAY HLDGS CORP COM CL A 76029L100 1,563 67,886 SH   SOLE   67,886 0 0
RISKIFIED LTD SHS CL A M8216R109 635 27,826 SH   SOLE   27,826 0 0
RYAN SPECIALTY GROUP HLDGS I CL A 78351F107 839 24,780 SH   SOLE   24,780 0 0
SCULPTOR CAP MGMT COM CL A 811246107 2,678 96,020 SH   SOLE   96,020 0 0
SELECTIVE INS GROUP INC COM 816300107 842 11,150 SH   SOLE   11,150 0 0
SHIFT4 PMTS INC CL A 82452J109 7,071 91,217 SH   SOLE   91,217 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 2,249 8,261 SH   SOLE   8,261 0 0
SIMON PPTY GROUP INC NEW COM 828806109 4,173 32,111 SH   SOLE   32,111 0 0
SQUARE INC CL A 852234103 3,811 15,889 SH   SOLE   15,889 0 0
STATE STR CORP COM 857477103 1,345 15,874 SH   SOLE   15,874 0 0
STERLING CHECK CORP COM 85917T109 505 19,462 SH   SOLE   19,462 0 0
STEWART INFORMATION SVCS COR COM 860372101 4,736 74,869 SH   SOLE   74,869 0 0
STIFEL FINL CORP COM 860630102 3,635 53,494 SH   SOLE   53,494 0 0
TASKUS INC CLASS A COM 87652V109 1,929 29,062 SH   SOLE   29,062 0 0
THOMSON REUTERS CORP. COM NEW 884903709 953 8,629 SH   SOLE   8,629 0 0
THOUGHTWORKS HOLDING INC COM 88546E105 1,241 43,237 SH   SOLE   43,237 0 0
TREAN INS GROUP INC COM 89457R101 659 63,694 SH   SOLE   63,694 0 0
URBAN EDGE PPTYS COM 91704F104 3,176 173,474 SH   SOLE   173,474 0 0
US BANCORP DEL COM NEW 902973304 5,158 86,774 SH   SOLE   86,774 0 0
VICTORY CAP HLDGS INC COM CL A 92645B103 844 24,095 SH   SOLE   24,095 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 5,867 18,907 SH   SOLE   18,907 0 0
WEBSTER FINL CORP CONN COM 947890109 1,563 28,696 SH   SOLE   28,696 0 0
WELLTOWER INC COM 95040Q104 1,672 20,293 SH   SOLE   20,293 0 0
WESTERN ALLIANCE BANCORP COM 957638109 630 5,793 SH   SOLE   5,793 0 0