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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HOLDING-SP ADR COMMON EQUITY 01609W102 5,671 50,000 SH SOLE 50,000 0 0
JPMORGAN CHASE COMMON EQUITY 46625H100 109,876 379,000 SH SOLE 379,000 0 0
WESTERN ALLIANCE BANCORP COMMON EQUITY 957638109 22,224 285,000 SH SOLE 120,000 0 0
PROGRESSIVE CORP COMMON EQUITY 743315103 48,569 182,000 SH SOLE 142,000 0 0
ACCENTURE PLC CL A COMMON EQUITY G1151C101 4,483 15,000 SH SOLE 15,000 0 0
KKR COMMON EQUITY 48251W104 12,106 91,000 SH SOLE 241,000 0 0
GOLDMAN SACHS GROUP INC COMMON EQUITY 38141G104 17,693 25,000 SH SOLE 15,000 0 0
BANK OZK COMMON EQUITY 06417N103 0 0 SH SOLE 125,000 0 0
AON PLC CLASS A COMMON EQUITY G0403H108 17,481 49,000 SH SOLE 15,000 0 0
BERKSHIRE HATHAWAY INC CL A COMMON EQUITY 084670108 32,067 44 SH SOLE 44 0 0
CITIGROUP INC COMMON EQUITY 172967424 0 0 SH SOLE 50,000 0 0
NORTHERN TRUST CORP COMMON EQUITY 665859104 3,804 30,000 SH SOLE 30,000 0 0
AMERICAN EXPRESS CO COMMON EQUITY 025816109 62,908 197,215 SH SOLE 183,400 0 0
CADENCE BANCORP COMMON EQUITY 12739A100 0 0 SH SOLE 0 0 0
WELLS FARGO COMMON EQUITY 949746101 0 0 SH SOLE 0 0 0
SCHWAB (CHARLES) CORP COMMON EQUITY 808513105 0 0 SH SOLE 50,000 0 0
AMRYT PHARMA LTD - SPNR ADR COMMON EQUITY 03217L106 0 0 SH SOLE 435,000 0 0
ARCH CAPITAL GROUP LTD COMMON EQUITY G0450A105 13,658 150,000 SH SOLE 150,000 0 0
ATAI LIFESCIENCES NV COMMON EQUITY N0731H103 0 0 SH SOLE 192,000 0 0
MASTERCARD INC A COMMON EQUITY 57636Q104 38,212 68,000 SH SOLE 68,000 0 0
US BANCORP COMMON EQUITY 902973304 25,249 558,000 SH SOLE 350,000 0 0
KALEYRA INC COMMON EQUITY 483379103 0 0 SH SOLE 175,000 0 0
GLOBAL PAYMENTS INC COMMON EQUITY 37940X102 5,443 68,000 SH SOLE 68,000 0 0