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
Expires: July 31, 2015
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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
A2Z CUST2MATE SOLUTIONS CORP COM 002205102 353,823 53,047 SH SOLE 3 53,047 0 0
AERCAP HOLDINGS NV SHS N00985106 8,814,227 64,253 SH SOLE 1,2,3 64,253 0 0
ALMONTY INDS INC COM NEW 020398707 2,099,600 145,000 SH SOLE 1,2,3 145,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 12,416,250 165,000 SH SOLE 1,2,3 165,000 0 0
AON PLC SHS CL A G0403H108 9,037,840 28,000 SH SOLE 1,2,3 28,000 0 0
ASP ISOTOPES INC COM 00218A105 2,865,667 648,341 SH SOLE 1,2,3 648,341 0 0
AXIS CAP HLDGS LTD SHS G0692U109 15,008,680 148,000 SH SOLE 1,2,3 148,000 0 0
AXOS FINANCIAL INC COM 05465C100 7,504,938 88,200 SH SOLE 1,2,3 88,200 0 0
BANK HAWAII CORP COM 062540109 8,739,225 117,700 SH SOLE 1,2,3 117,700 0 0
BKV CORP COM 05603J108 6,128,378 214,880 SH SOLE 1,2,3 214,880 0 0
BREAD FINANCIAL HOLDINGS INC COM 018581108 12,892,763 172,156 SH SOLE 1,2,3 172,156 0 0
CAVCO INDS INC DEL COM 149568107 7,675,996 15,850 SH SOLE 1,2,3 15,850 0 0
CREDIT ACCEP CORP MICH COM 225310101 7,003,181 16,538 SH SOLE 1,2,3 16,538 0 0
CUSTOMERS BANCORP INC COM 23204G100 8,613,781 124,100 SH SOLE 1,2,3 124,100 0 0
EAST WEST BANCORP INC COM 27579R104 8,711,616 81,600 SH SOLE 1,2,3 81,600 0 0
EZCORP INC CL A NON VTG 302301106 9,432,655 371,657 SH SOLE 1,2,3 371,657 0 0
GALLAGHER ARTHUR J & CO COM 363576109 7,147,140 33,000 SH SOLE 1,2,3 33,000 0 0
GATX CORP COM 361448103 8,675,470 50,811 SH SOLE 1,2,3 50,811 0 0
GOLAR LNG LTD SHS G9456A100 5,919,634 109,400 SH SOLE 1,2,3 109,400 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 33,416,605 39,500 SH Put SOLE 1,2,3 39,500 0 0
HAMILTON INSURANCE GROUP LTD CL B G42706104 6,660,771 223,291 SH SOLE 1,2,3 223,291 0 0
HCI GROUP INC COM 40416E103 14,846,116 96,023 SH SOLE 1,2,3 96,023 0 0
JACKSON FINANCIAL INC COM CL A 46817M107 5,286,000 50,000 SH SOLE 1,2,3 50,000 0 0
LEGACY HOUSING CORP COM 52472M101 8,481,780 415,163 SH SOLE 1,2,3 415,163 0 0
LINCOLN NATL CORP IND COM 534187109 10,117,500 285,000 SH SOLE 1,2,3 285,000 0 0
LOANDEPOT INC COM CL A 53946R106 345,061 243,001 SH SOLE 3 243,001 0 0
MASTERCARD INCORPORATED CL A 57636Q104 7,594,832 15,200 SH SOLE 1,2,3 15,200 0 0
MECHANICS BANCORP CL A 43785V102 8,043,485 545,321 SH SOLE 1,2,3 545,321 0 0
MEDIAALPHA INC CL A 58450V104 4,464,000 480,000 SH SOLE 1,2,3 480,000 0 0
NEW FORTRESS ENERGY INC COM CL A 644393100 354,000 600,000 SH SOLE 1,2,3 600,000 0 0
NI HLDGS INC COM 65342T106 190,231 14,758 SH SOLE 3 14,758 0 0
OPENLANE INC COM 48238T109 9,380,470 321,800 SH SOLE 1,2,3 321,800 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 6,062,588 69,366 SH SOLE 1,2 69,366 0 0
PINNACLE FINL PARTNERS INC COM 72348N109 9,963,297 115,664 SH SOLE 1,2,3 115,664 0 0
POPULAR INC COM NEW 733174700 6,507,245 48,500 SH SOLE 1,2,3 48,500 0 0
ROBINHOOD MKTS INC COM CL A 770700102 5,466,592 78,883 SH SOLE 1,2,3 78,883 0 0
SABLE OFFSHORE CORP COM SHS 78574H104 7,495,487 453,722 SH SOLE 1,2,3 453,722 0 0
SKYLINE BLDRS GROUP HLDG LTD SHS CL A G8193D104 2,039,715 660,102 SH SOLE 1,2,3 660,102 0 0
SLIDE INS HLDGS INC COM 831349105 5,040,000 280,000 SH SOLE 1,2,3 280,000 0 0
STIFEL FINL CORP COM 860630102 8,378,684 113,348 SH SOLE 1,2,3 113,348 0 0
TARGET HOSPITALITY CORP COM 87615L107 15,002,438 1,616,642 SH SOLE 1,2,3 1,616,642 0 0
TRIUMPH FINANCIAL INC COM 89679E300 6,594,041 110,527 SH SOLE 1,2,3 110,527 0 0
U S GOLD CORP COM NEW 90291C201 14,731,140 969,792 SH SOLE 1,2,3 969,792 0 0