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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ESSENT GROUP LTD COM G3198U102   97,382,896 1,666,374 SH   DFND 1,2 1,666,374 0 0
ISHARES TR HIGH YLD SYSTM B 46435G250   235,285,414 5,057,726 SH   DFND 3 5,057,726 0 0
TRUPANION INC COM 898202106   6,735,430 263,000 SH   DFND 1,2 263,000 0 0
UNIVERSAL INS HLDGS INC COM 91359V107   19,941,617 583,771 SH   DFND 1,2 583,771 0 0
VANECK ETF TRUST RARE EARTH AND S 92189H805   46,904,880 533,010 SH   DFND 3 533,010 0 0