Q3 2025 Holdings
Filed 2025-11-13 | 72 holdings | $409.2M | 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 | $186.7M | 280,200 | 45.6% |
| Guild Hldgs Co | CL A | 40172N107 | $31.8M | 1,595,844 | 7.8% |
| Spdr Series Trust(KRE)Put | S&P REGL BKG | 78464A698 | $19.0M | 300,000 | 4.6% |
| Banc of California Inc(BANC) | COM | 05990K106 | $16.4M | 993,130 | 4.0% |
| Beacon Financial Corp.(BBT) | COM | 084680107 | $10.8M | 456,144 | 2.6% |
| JPMorgan Chase & Co.(JPM)Put | COM | 46625H100 | $4.7M | 15,000 | 1.2% |
| Hartford Insurance Group Inc(HIG)Put | COM | 416515104 | $4.0M | 30,000 | 1.0% |
| Chubb Limited(CB)Put | COM | H1467J104 | $3.5M | 12,500 | 0.9% |
| US Bancorp del(USB)Put | COM NEW | 902973304 | $3.4M | 70,000 | 0.8% |
| Mgic Invt Corp WIS(MTG)Put | COM | 552848103 | $3.2M | 113,000 | 0.8% |
| Truist Finl Corp(TFC)Put | COM | 89832Q109 | $3.2M | 70,000 | 0.8% |
| Essent Group LTD(ESNT)Put | COM | G3198U102 | $3.2M | 50,000 | 0.8% |
| Hartford Insurance Group Inc(HIG) | COM | 416515104 | $3.1M | 23,500 | 0.8% |
| Rithm Capital Corp(RITM)Put | COM NEW | 64828T201 | $3.1M | 275,000 | 0.8% |
| Rithm Capital Corp(RITM) | COM NEW | 64828T201 | $3.1M | 275,000 | 0.8% |
| Citigroup Inc(C)Put | COM NEW | 172967424 | $3.0M | 30,000 | 0.7% |
| Marsh & Mclennan COS Inc(MRSH)Put | COM | 571748102 | $3.0M | 15,000 | 0.7% |
| Raymond James Finl Inc(RJF)Put | COM | 754730109 | $3.0M | 17,500 | 0.7% |
| PNC Finl Svcs Group Inc(PNC)Put | COM | 693475105 | $3.0M | 15,000 | 0.7% |
| Invitation Homes Inc(INVH)Put | COM | 46187W107 | $2.9M | 100,000 | 0.7% |
| S&P Global Inc(SPGI)Put | COM | 78409V104 | $2.9M | 6,000 | 0.7% |
| S&P Global Inc(SPGI) | COM | 78409V104 | $2.9M | 6,000 | 0.7% |
| Mastercard Incorporated(MA)Put | CL A | 57636Q104 | $2.8M | 5,000 | 0.7% |
| Chubb Limited(CB) | COM | H1467J104 | $2.8M | 10,000 | 0.7% |
| MFA Finl Inc(MFA) | COM | 55272X607 | $2.8M | 300,000 | 0.7% |
| MFA Finl Inc(MFA)Put | COM | 55272X607 | $2.8M | 300,000 | 0.7% |
| Old Natl Bancorp IND(ONB) | COM | 680033107 | $2.7M | 125,000 | 0.7% |
| Northern TR Corp(NTRS)Put | COM | 665859104 | $2.7M | 20,000 | 0.7% |
| Essent Group LTD(ESNT) | COM | G3198U102 | $2.7M | 42,300 | 0.7% |
| Allstate Corp(ALL)Put | COM | 020002101 | $2.7M | 12,500 | 0.7% |
| Fifth Third Bancorp(FITB)Put | COM | 316773100 | $2.7M | 60,000 | 0.7% |
| Huntington Bancshares Inc(HBAN)Put | COM | 446150104 | $2.6M | 150,000 | 0.6% |
| Bank America Corp(BAC)Put | COM | 060505104 | $2.6M | 50,000 | 0.6% |
| Price T Rowe Group Inc(TROW)Put | COM | 74144T108 | $2.6M | 25,000 | 0.6% |
| Wesbanco Inc(WSBC) | COM | 950810101 | $2.6M | 80,000 | 0.6% |
| Truist Finl Corp(TFC) | COM | 89832Q109 | $2.5M | 55,308 | 0.6% |
| Mastercard Incorporated(MA) | CL A | 57636Q104 | $2.5M | 4,423 | 0.6% |
| PNC Finl Svcs Group Inc(PNC) | COM | 693475105 | $2.4M | 12,000 | 0.6% |
| Mgic Invt Corp WIS(MTG) | COM | 552848103 | $2.3M | 80,658 | 0.6% |
| US Bancorp del(USB) | COM NEW | 902973304 | $2.2M | 45,000 | 0.5% |
| Price T Rowe Group Inc(TROW) | COM | 74144T108 | $2.1M | 20,616 | 0.5% |
| Intercontinental Exchange in(ICE)Put | COM | 45866F104 | $2.1M | 12,500 | 0.5% |
| Raymond James Finl Inc(RJF) | COM | 754730109 | $2.1M | 11,975 | 0.5% |
| Invitation Homes Inc(INVH) | COM | 46187W107 | $2.1M | 70,000 | 0.5% |
| Huntington Bancshares Inc(HBAN) | COM | 446150104 | $2.0M | 118,214 | 0.5% |
| Intercontinental Exchange in(ICE) | COM | 45866F104 | $2.0M | 11,650 | 0.5% |
| First Amern Finl Corp(FAF)Put | COM | 31847R102 | $1.9M | 30,000 | 0.5% |
| Flagstar Financial Inc(FLG) | COM NEW | 649445400 | $1.9M | 166,666 | 0.5% |
| Fifth Third Bancorp(FITB) | COM | 316773100 | $1.9M | 42,500 | 0.5% |
| Citigroup Inc(C) | COM NEW | 172967424 | $1.8M | 17,500 | 0.4% |