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
TCF FINL CORP COM 872275102 6,511 317,617 SH   SOLE   317,617 0 0
KEYCORP NEW COM 493267108 8,637 428,200 SH   SOLE   428,200 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 5,626 113,500 SH   SOLE   113,500 0 0
REGIONS FINL CORP NEW COM 7591EP100 23,083 1,335,810 SH   SOLE   1,335,810 0 0
FIRST HORIZON NATL CORP COM 320517105 16,501 825,479 SH   SOLE   825,479 0 0
EAST WEST BANCORP INC COM 27579R104 4,283 70,417 SH   SOLE   70,417 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 26,564 519,533 SH   SOLE   519,533 0 0
PRICE T ROWE GROUP INC COM 74144T108 6,878 65,553 SH   SOLE   65,553 0 0
COMERICA INC COM 200340107 8,620 99,300 SH   SOLE   99,300 0 0
SLM CORP COM 78442P106 5,750 508,831 SH   SOLE   508,831 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 3,796 53,800 SH   SOLE   53,800 0 0
CAPITAL ONE FINL CORP COM 14040H105 11,448 114,967 SH   SOLE   114,967 0 0
FIFTH THIRD BANCORP COM 316773100 12,604 415,429 SH   SOLE   415,429 0 0
MGIC INVT CORP WIS COM 552848103 4,972 352,357 SH   SOLE   352,357 0 0
SVB FINL GROUP COM 78486Q101 8,583 36,717 SH   SOLE   36,717 0 0
WELLS FARGO CO NEW COM 949746101 18,251 300,828 SH   SOLE   300,828 0 0
CIT GROUP INC COM NEW 125581801 5,043 102,439 SH   SOLE   102,439 0 0
RENT A CTR INC NEW COM 76009N100 335 30,166 SH   SOLE   30,166 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 8,914 35,166 SH   SOLE   35,166 0 0
STERLING BANCORP DEL COM 85917A100 28,331 1,151,672 SH   SOLE   1,151,672 0 0
IBERIABANK CORP COM 450828108 14,348 185,139 SH   SOLE   185,139 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 9,415 237,156 SH   SOLE   237,156 0 0
PACWEST BANCORP DEL COM 695263103 21,699 430,544 SH   SOLE   430,544 0 0
KENNEDY-WILSON HLDGS INC COM 489398107 1,221 70,400 SH   SOLE   70,400 0 0
LPL FINL HLDGS INC COM 50212V100 27,680 484,417 SH   SOLE   484,417 0 0
AIR LEASE CORP CL A 00912X302 14,970 311,294 SH   SOLE   311,294 0 0
WAGEWORKS INC COM 930427109 713 11,505 SH   SOLE   11,505 0 0
ONEMAIN HLDGS INC COM 68268W103 6,345 244,140 SH   SOLE   244,140 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 24,759 1,329,687 SH   SOLE   1,329,687 0 0
OPUS BK IRVINE CALIF COM 684000102 4,199 153,800 SH   SOLE   153,800 0 0
PJT PARTNERS INC COM CL A 69343T107 1,830 40,131 SH   SOLE   40,131 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 2,163 161,051 SH   SOLE   161,051 0 0
MERCHANTS BANCORP IND COM 58844R108 517 26,288 SH   SOLE   26,288 0 0
STERLING BANCORP INC COM 85917W102 43 3,351 SH   SOLE   3,351 0 0