Q2 2025 Holdings
Filed 2025-08-13 | 57 holdings | $261.2M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TR(SPY)Put | TR UNIT | 78462F103 | $100.2M | 162,200 | 38.4% |
| Guild Hldgs Co | CL A | 40172N107 | $31.5M | 1,595,844 | 12.1% |
| Banc of California Inc(BANC) | COM | 05990K106 | $14.0M | 993,130 | 5.3% |
| Berkshire Hills Bancorp Inc(BBT) | COM | 084680107 | $8.6M | 344,828 | 3.3% |
| Spdr Series Trust(KRE)Put | S&P REGL BKG | 78464A698 | $7.4M | 125,000 | 2.8% |
| JPMorgan Chase & Co.(JPM)Put | COM | 46625H100 | $5.8M | 20,000 | 2.2% |
| Spdr Series Trust(KRE)Call | S&P REGL BKG | 78464A698 | $4.5M | 75,000 | 1.7% |
| Bank New York Mellon Corp(BK)Put | COM | 064058100 | $4.1M | 45,000 | 1.6% |
| Bank America Corp(BAC)Put | COM | 060505104 | $3.5M | 75,000 | 1.4% |
| Bank New York Mellon Corp(BK) | COM | 064058100 | $3.2M | 35,500 | 1.2% |
| PNC Finl Svcs Group Inc(PNC)Put | COM | 693475105 | $2.8M | 15,000 | 1.1% |
| Travelers Companies Inc(TRV)Put | COM | 89417E109 | $2.7M | 10,000 | 1.0% |
| State STR Corp(STT)Put | COM | 857477103 | $2.7M | 25,000 | 1.0% |
| JPMorgan Chase & Co.(JPM) | COM | 46625H100 | $2.6M | 9,000 | 1.0% |
| Citigroup Inc(C)Put | COM NEW | 172967424 | $2.6M | 30,000 | 1.0% |
| Hartford Insurance Group Inc(HIG)Call | COM | 416515104 | $2.5M | 20,000 | 1.0% |
| Northern TR Corp(NTRS)Put | COM | 665859104 | $2.5M | 20,000 | 1.0% |
| Annaly Capital Management in(NLY)Put | COM NEW | 035710839 | $2.4M | 125,000 | 0.9% |
| Regions Financial Corp New(RF)Put | COM | 7591EP100 | $2.4M | 100,000 | 0.9% |
| Schwab Charles Corp(SCHW)Put | COM | 808513105 | $2.3M | 25,000 | 0.9% |
| US Bancorp del(USB)Put | COM NEW | 902973304 | $2.3M | 50,000 | 0.9% |
| US Bancorp del(USB) | COM NEW | 902973304 | $2.3M | 50,000 | 0.9% |
| Financial Instns Inc(FISI) | COM | 317585404 | $2.2M | 87,584 | 0.9% |
| PNC Finl Svcs Group Inc(PNC) | COM | 693475105 | $2.2M | 12,000 | 0.9% |
| Truist Finl Corp(TFC)Put | COM | 89832Q109 | $2.1M | 50,000 | 0.8% |
| Zions Bancorporation N A(ZION)Put | COM | 989701107 | $2.1M | 40,000 | 0.8% |
| Allstate Corp(ALL)Call | COM | 020002101 | $2.0M | 10,000 | 0.8% |
| Bank America Corp(BAC) | COM | 060505104 | $2.0M | 42,500 | 0.8% |
| Regions Financial Corp New(RF) | COM | 7591EP100 | $2.0M | 84,000 | 0.8% |
| State STR Corp(STT) | COM | 857477103 | $1.9M | 18,250 | 0.7% |
| Ishares TR(ITB)Call | US HOME CONS ETF | 464288752 | $1.8M | 19,500 | 0.7% |
| Travelers Companies Inc(TRV) | COM | 89417E109 | $1.8M | 6,700 | 0.7% |
| Annaly Capital Management in(NLY) | COM NEW | 035710839 | $1.8M | 95,000 | 0.7% |
| Flagstar Financial Inc(FLG) | COM NEW | 649445400 | $1.8M | 166,666 | 0.7% |
| Wesbanco Inc(WSBC) | COM | 950810101 | $1.7M | 54,000 | 0.7% |
| Ishares TR(IYR)Put | U.S. REAL ES ETF | 464287739 | $1.7M | 18,000 | 0.7% |
| Citigroup Inc(C) | COM NEW | 172967424 | $1.7M | 20,000 | 0.7% |
| Popular Inc(BPOP) | COM NEW | 733174700 | $1.6M | 14,307 | 0.6% |
| Schwab Charles Corp(SCHW) | COM | 808513105 | $1.6M | 17,250 | 0.6% |
| Ishares TR(REM)Put | MORTGE REL ETF | 46435G342 | $1.5M | 71,500 | 0.6% |
| First Busey Corp(BUSE) | COM NEW | 319383204 | $1.5M | 64,385 | 0.6% |
| Bankunited Inc(BKU) | COM | 06652K103 | $1.4M | 40,000 | 0.5% |
| Northern TR Corp(NTRS) | COM | 665859104 | $1.3M | 10,000 | 0.5% |
| Truist Finl Corp(TFC) | COM | 89832Q109 | $1.2M | 27,500 | 0.5% |
| First Amern Finl Corp(FAF) | COM | 31847R102 | $1.2M | 19,187 | 0.5% |
| Zions Bancorporation N A(ZION) | COM | 989701107 | $1.0M | 20,000 | 0.4% |
| Old Natl Bancorp IND(ONB) | COM | 680033107 | $996.2K | 46,684 | 0.4% |
| Taylor Morrison Home Corp(TMHC) | COM | 87724P106 | $988.1K | 16,087 | 0.4% |
| Rithm Capital Corp(RITM) | COM NEW | 64828T201 | $987.9K | 87,500 | 0.4% |
| Pulte Group Inc(PHM) | COM | 745867101 | $983.9K | 9,330 | 0.4% |