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
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hours per response: 23.8
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
1ST FINL CORP IND COM 320218100   7,226,231 222,551 SH   SOLE   222,551 0 0
1ST UTD CORP COM 33741H107   1,605,590 112,594 SH   SOLE   112,594 0 0
AMERICAN BUSINESS BK LA CALIF COM 02475L105   3,139,128 116,264 SH   SOLE   116,264 0 0
BLUE FOUNDRY BANCORP COM 09549B104   3,694,143 365,395 SH   SOLE   365,395 0 0
COMERICA INCORPORATED COM 200340107   4,024,200 95,000 SH   SOLE   95,000 0 0
EXCHANGE BK SANTA ROSA CALIF COM 301227203   451,724 4,964 SH   SOLE   4,964 0 0
FIFTH THIRD BANCORP COM 316773100   36,196,010 1,381,000 SH   SOLE   1,381,000 0 0
FIRST HORIZON CORP COM 320517105   36,906,027 3,274,714 SH   SOLE   3,274,714 0 0
FIRST SEACOAST BANCORP INC COM 33631F104   708,583 88,352 SH   SOLE   88,352 0 0
HANCOCK WHITNEY CORPORATION COM 410120109   18,762,255 488,855 SH   SOLE   488,855 0 0
HUNTINGTON BANCSHARES INCORPORATED COM 446150104   28,674,800 2,660,000 SH   SOLE   2,660,000 0 0
KEYCORP COM 493267108   26,353,044 2,852,061 SH   SOLE   2,852,061 0 0
MACATAWA BANK CORP COM 554225102   9,218,251 993,346 SH   SOLE   993,346 0 0
PNC FINANCIAL SERVICES GRP INC COM 693475105   32,923,330 261,400 SH   SOLE   261,400 0 0
POPULAR, INC. COM 733174700   11,801,400 195,000 SH   SOLE   195,000 0 0
RBS CITIZENS FINANCIAL GROUP INC COM 174610105   33,812,485 1,296,491 SH   SOLE   1,296,491 0 0
REGIONS FINANCIAL CORPORATION COM 7591EP100   31,245,535 1,753,397 SH   SOLE   1,753,397 0 0
SLM CORPORATION COM 78442P106   11,616,690 711,807 SH   SOLE   711,807 0 0
SPDR S&P REGIONAL BANKING ETF ETF 78464A698   12,815,720 313,880 SH   SOLE   313,880 0 0
TRUIST FINANCIAL CORP COM 89832Q109   35,224,362 1,160,605 SH   SOLE   1,160,605 0 0
UMB FINL CORP COM 902788108   4,171,650 68,500 SH   SOLE   68,500 0 0
US BANCORP COM 902973304   38,084,878 1,152,690 SH   SOLE   1,152,690 0 0
WATERSTONE FINANCIAL INC MD COM 94188P101   8,871,010 612,216 SH   SOLE   612,216 0 0