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 3,942 13,373 SH   SOLE   13,373 0 0
ALLSTATE CORP COM 020002101 19,750 151,411 SH   SOLE   151,411 0 0
ALLY FINL INC COM 02005N100 10,652 213,719 SH   SOLE   213,719 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 7,772 163,270 SH   SOLE   163,270 0 0
AON PLC SHS CL A G0403H108 56,862 238,155 SH   SOLE   238,155 0 0
ATHENE HOLDING LTD CL A G0684D107 13,611 201,639 SH   SOLE   201,639 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 31,398 158,081 SH   SOLE   158,081 0 0
AXIS CAP HLDGS LTD SHS G0692U109 5,855 119,460 SH   SOLE   119,460 0 0
BANK NEW YORK MELLON CORP COM 064058100 34,311 669,742 SH   SOLE   669,742 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 20,703 74,494 SH   SOLE   74,494 0 0
BROWN & BROWN INC COM 115236101 6,880 129,467 SH   SOLE   129,467 0 0
CARLYLE GROUP INC COM 14316J108 13,124 282,365 SH   SOLE   282,365 0 0
CHUBB LIMITED COM H1467J104 15,971 100,483 SH   SOLE   100,483 0 0
CIGNA CORP NEW COM 125523100 11,799 49,772 SH   SOLE   49,772 0 0
CITIZENS FINL GROUP INC COM 174610105 10,585 230,765 SH   SOLE   230,765 0 0
CNA FINL CORP COM 126117100 1,307 28,726 SH   SOLE   28,726 0 0
DUN & BRADSTREET HLDGS INC COM 26484T106 16,408 767,826 SH   SOLE   767,826 0 0
EHEALTH INC COM 28238P109 797 13,650 SH   SOLE   13,650 0 0
EQUITABLE HLDGS INC COM 29452E101 9,535 313,142 SH   SOLE   313,142 0 0
ESSENT GROUP LTD COM G3198U102 6,981 155,301 SH   SOLE   155,301 0 0
EVERCORE INC CLASS A 29977A105 1,802 12,798 SH   SOLE   12,798 0 0
EVEREST RE GROUP LTD COM G3223R108 30,586 121,367 SH   SOLE   121,367 0 0
FACTSET RESH SYS INC COM 303075105 6,270 18,683 SH   SOLE   18,683 0 0
FEDERATED HERMES INC CL B 314211103 6,679 196,961 SH   SOLE   196,961 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 2,183 50,237 SH   SOLE   50,237 0 0
FISERV INC COM 337738108 11,410 106,742 SH   SOLE   106,742 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 4,359 17,025 SH   SOLE   17,025 0 0
FRONTDOOR INC COM 35905A109 6,172 123,889 SH   SOLE   123,889 0 0
GARTNER INC COM 366651107 12,190 50,331 SH   SOLE   50,331 0 0
GLOBAL PMTS INC COM 37940X102 62,928 335,547 SH   SOLE   335,547 0 0
GLOBE LIFE INC COM 37959E102 9,445 99,164 SH   SOLE   99,164 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 47,037 759,031 SH   SOLE   759,031 0 0
HUMANA INC COM 444859102 14,535 32,832 SH   SOLE   32,832 0 0
HUNTINGTON BANCSHARES INC COM 446150104 18,321 1,283,864 SH   SOLE   1,283,864 0 0
IHS MARKIT LTD SHS G47567105 2,280 20,237 SH   SOLE   20,237 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 5,879 89,448 SH   SOLE   89,448 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 30,002 252,756 SH   SOLE   252,756 0 0
JONES LANG LASALLE INC COM 48020Q107 18,362 93,942 SH   SOLE   93,942 0 0
JPMORGAN CHASE & CO COM 46625H100 50,802 326,619 SH   SOLE   326,619 0 0
KKR & CO INC COM 48251W104 22,231 375,272 SH   SOLE   375,272 0 0
LENDINGTREE INC NEW COM 52603B107 8,594 40,563 SH   SOLE   40,563 0 0
LENNAR CORP CL A 526057104 15,657 157,590 SH   SOLE   157,590 0 0
LOWES COS INC COM 548661107 20,054 103,385 SH   SOLE   103,385 0 0
M & T BK CORP COM 55261F104 6,116 42,092 SH   SOLE   42,092 0 0
MARKEL CORP COM 570535104 19,525 16,453 SH   SOLE   16,453 0 0
MASTERCARD INCORPORATED CL A 57636Q104 88,377 242,068 SH   SOLE   242,068 0 0
PAYPAL HLDGS INC COM 70450Y103 15,982 54,829 SH   SOLE   54,829 0 0
PAYSAFE LIMITED ORD G6964L107 2,564 211,732 SH   SOLE   211,732 0 0
PRINCIPAL FINANCIAL GROUP IN COM 74251V102 44,875 710,161 SH   SOLE   710,161 0 0
PULTE GROUP INC COM 745867101 56,996 1,044,460 SH   SOLE   1,044,460 0 0
RAYMOND JAMES FINL INC COM 754730109 14,733 113,416 SH   SOLE   113,416 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604 36,087 316,554 SH   SOLE   316,554 0 0
S&P GLOBAL INC COM 78409V104 43,545 106,091 SH   SOLE   106,091 0 0
SEI INVTS CO COM 784117103 20,699 334,018 SH   SOLE   334,018 0 0
SQUARE INC CL A 852234103 10,515 43,128 SH   SOLE   43,128 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 9,762 135,477 SH   SOLE   135,477 0 0
STATE STR CORP COM 857477103 80,968 984,058 SH   SOLE   984,058 0 0
SYNCHRONY FINANCIAL COM 87165B103 9,423 194,203 SH   SOLE   194,203 0 0
THOMSON REUTERS CORP. COM NEW 884903709 6,132 61,737 SH   SOLE   61,737 0 0
TOLL BROTHERS INC COM 889478103 25,939 448,701 SH   SOLE   448,701 0 0
TRANSUNION COM 89400J107 10,524 95,840 SH   SOLE   95,840 0 0
TRUIST FINL CORP COM 89832Q109 24,994 450,343 SH   SOLE   450,343 0 0
UNUM GROUP COM 91529Y106 27,345 962,844 SH   SOLE   962,844 0 0
US BANCORP DEL COM NEW 902973304 65,003 1,141,008 SH   SOLE   1,141,008 0 0
VERISK ANALYTICS INC COM 92345Y106 12,831 73,436 SH   SOLE   73,436 0 0
VIRTU FINL INC CL A 928254101 1,524 55,153 SH   SOLE   55,153 0 0
VOYA FINANCIAL INC COM 929089100 3,607 58,651 SH   SOLE   58,651 0 0
WELLS FARGO CO NEW COM 949746101 42,485 938,061 SH   SOLE   938,061 0 0
WEX INC COM 96208T104 3,333 17,187 SH   SOLE   17,187 0 0
WILLIS TOWERS WATSON PLC LTD SHS G96629103 65,966 286,782 SH   SOLE   286,782 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 1,990 16,282 SH   SOLE   16,282 0 0
ZIONS BANCORPORATION N A COM 989701107 8,693 164,453 SH   SOLE   164,453 0 0