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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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
ANNALY CAP MGMT INC COM 035710409 4,919 522,233 SH   SOLE   522,233 0 0
BGC PARTNERS INC CL A 05541T101 2,824 475,500 SH   SOLE   475,500 0 0
BANK AMER CORP COM 060505104 1,761 50,000 SH Put SOLE   0 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 2,694 263,618 SH   SOLE   263,618 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,209 11,744 SH   SOLE   11,744 0 0
CITIGROUP INC COM NEW 172967424 13,312 166,625 SH   SOLE   166,625 0 0
CITIZENS FINL GROUP INC COM 174610105 19,591 482,427 SH   SOLE   482,427 0 0
CORELOGIC INC COM 21871D103 973 22,252 SH   SOLE   22,252 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 7,143 157,438 SH   SOLE   157,438 0 0
EVERCORE INC CLASS A 29977A105 1,552 20,755 SH   SOLE   20,755 0 0
FIRST HORIZON NATL CORP COM 320517105 7,361 444,534 SH   SOLE   444,534 0 0
IBERIABANK CORP COM 450828108 2,340 31,269 SH   SOLE   31,269 0 0
INVESTORS BANCORP INC NEW COM 46146L101 3,286 275,801 SH   SOLE   275,801 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 22,435 500,000 SH Put SOLE   0 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 42,626 950,000 SH Call SOLE   0 0 0
JPMORGAN CHASE & CO COM 46625H100 3,485 25,000 SH Put SOLE   0 0 0
MGIC INVT CORP WIS COM 552848103 999 70,519 SH   SOLE   70,519 0 0
POPULAR INC COM NEW 733174700 2,834 48,245 SH   SOLE   48,245 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 2,165 92,636 SH   SOLE   92,636 0 0
SYNOVUS FINL CORP COM NEW 87161C501 16,634 424,331 SH   SOLE   424,331 0 0
TAUBMAN CTRS INC COM 876664103 4,233 136,163 SH   SOLE   136,163 0 0
UNUM GROUP COM 91529Y106 1,783 61,148 SH   SOLE   61,148 0 0
VICTORY CAP HLDGS INC COM CL A 92645B103 992 47,304 SH   SOLE   47,304 0 0
ATHENE HLDG LTD CL A G0684D107 20,889 444,153 SH   SOLE   444,153 0 0
INVESCO LTD SHS G491BT108 4,586 255,042 SH   SOLE   255,042 0 0
CHESAPEAKE ENERGY CORP COM 165167107 2,495 5,000,000 PRN   SOLE   2,495,000 0 0
KKR & CO CL A 48248M102 1,747 59,906 SH   SOLE   1,747,000 0 0
ONEMAIN HOLDINGS COM 85172J101 1,128 26,751 SH   SOLE   1,128,000 0 0