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
Estimated average burden
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1ST CONSTITUTION BANCORP COM 31986N102 2,364 118,624 SH   OTR 1 2 0 118,624 0
ALCENTRA CAP CORP COM 01374T102 853 131,874 SH   OTR 1 2 0 131,874 0
ALLSTATE CORP COM 020002101 606 7,338 SH   OTR 1 2 0 7,338 0
ALLSTATE CORP COM 020002101 43 2,800 SH Call OTR 1 2 0 2,800 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 465 85,454 SH   OTR 1 2 0 85,454 0
AMERICAN INTL GROUP INC COM NEW 026874784 182 4,613 SH   OTR 1 2 0 4,613 0
AMERICAN INTL GROUP INC COM NEW 026874784 7 11,300 SH Call OTR 1 2 0 11,300 0
AMERIS BANCORP COM 03076K108 1,088 34,359 SH   OTR 1 2 0 34,359 0
APOLLO INVT CORP COM NEW 03761U502 463 37,332 SH   OTR 1 2 0 37,332 0
APPLE INC COM 037833100 241 1,522 SH   OTR 1 2 0 1,522 0
ARBOR RLTY TR INC COM 038923108 404 40,078 SH   OTR 1 2 0 40,078 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 220 3,273 SH   OTR 1 2 0 3,273 0
AT&T INC COM 00206R102 491 17,200 SH   OTR 1 2 0 17,200 0
AT&T INC COM 00206R102 4 10,000 SH Call OTR 1 2 0 10,000 0
BANC OF CALIFORNIA INC COM 05990K106 1,234 92,745 SH   OTR 1 2 0 92,745 0
BANCORP NEW JERSEY INC NEW COM 059915108 205 15,750 SH   OTR 1 2 0 15,750 0
BANK AMER CORP *W EXP 01/16/201 060505146 3,195 249,587 SH   OTR 1 2 0 249,587 0
BANK AMER CORP COM 060505104 910 220,300 SH Call OTR 1 2 0 220,300 0
BANK AMER CORP COM 060505104 30,453 1,208,919 SH   OTR 1 2 0 1,208,919 0
BANK COMM HLDGS COM 06424J103 244 22,300 SH   OTR 1 2 0 22,300 0
BANK NEW YORK MELLON CORP COM 064058100 94 2,005 SH   OTR 1 2 0 2,005 0
BANK NEW YORK MELLON CORP COM 064058100 290 38,800 SH Call OTR 1 2 0 38,800 0
BANK OF THE ST JAMES FINL GP COM 470299108 272 20,926 SH   OTR 1 2 0 20,926 0
BARINGS BDC INC COM 06759L103 680 75,387 SH   OTR 1 2 0 75,387 0
BB&T CORP COM 054937107 2,525 58,277 SH   OTR 1 2 0 58,277 0
BB&T CORP COM 054937107 278 50,400 SH Call OTR 1 2 0 50,400 0
BECTON DICKINSON & CO COM 075887109 201 894 SH   OTR 1 2 0 894 0
BENEFICIAL BANCORP INC COM 08171T102 778 54,418 SH   OTR 1 2 0 54,418 0
BIOSCRIP INC COM 09069N108 114 31,845 SH   OTR 1 2 0 31,845 0
BRISTOL MYERS SQUIBB CO COM 110122108 122 2,338 SH   OTR 1 2 0 2,338 0
BRISTOL MYERS SQUIBB CO COM 110122108 141 14,700 SH Call OTR 1 2 0 14,700 0
BROOKLINE BANCORP INC DEL COM 11373M107 392 28,371 SH   OTR 1 2 0 28,371 0
CAPITAL ONE FINL CORP COM 14040H105 5,162 68,287 SH   OTR 1 2 0 68,287 0
CB FINL SVCS INC COM 12479G101 725 29,273 SH   OTR 1 2 0 29,273 0
CERUS CORP COM 157085101 1,617 319,049 SH   OTR 1 2 0 319,049 0
CHEMICAL FINL CORP COM 163731102 386 10,539 SH   OTR 1 2 0 10,539 0
CIT GROUP INC COM NEW 125581801 750 19,589 SH   OTR 1 2 0 19,589 0
CIT GROUP INC COM NEW 125581801 65 13,000 SH Call OTR 1 2 0 13,000 0
CITIGROUP INC COM NEW 172967424 767 14,743 SH   OTR 1 2 0 14,743 0
CITIGROUP INC COM NEW 172967424 426 71,700 SH Call OTR 1 2 0 71,700 0
CITIZENS FINL GROUP INC COM 174610105 346 11,652 SH   OTR 1 2 0 11,652 0
CITIZENS FIRST CORP COM 17462Q107 536 25,000 SH   OTR 1 2 0 25,000 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 986 56,582 SH   OTR 1 2 0 56,582 0
CNO FINL GROUP INC COM 12621E103 2,522 169,504 SH   OTR 1 2 0 169,504 0
CODORUS VY BANCORP INC COM 192025104 223 10,500 SH   OTR 1 2 0 10,500 0
COMERICA INC COM 200340107 5,077 73,915 SH   OTR 1 2 0 73,915 0
COMERICA INC COM 200340107 23 4,500 SH Call OTR 1 2 0 4,500 0
CONNECTONE BANCORP INC NEW COM 20786W107 533 28,847 SH   OTR 1 2 0 28,847 0
COWEN INC CL A NEW 223622606 6,958 521,610 SH   OTR 1 2 0 521,610 0
DIME CMNTY BANCSHARES COM 253922108 1,899 111,863 SH   OTR 1 2 0 111,863 0
DISCOVER FINL SVCS COM 254709108 319 5,416 SH   OTR 1 2 0 5,416 0
DISCOVER FINL SVCS COM 254709108 54 14,600 SH Call OTR 1 2 0 14,600 0
ENTERPRISE FINL SVCS CORP COM 293712105 1,022 27,150 SH   OTR 1 2 0 27,150 0
ESSA BANCORP INC COM 29667D104 925 59,243 SH   OTR 1 2 0 59,243 0
FAUQUIER BANKSHARES INC VA COM 312059108 897 46,781 SH   OTR 1 2 0 46,781 0
FIDUS INVT CORP COM 316500107 241 20,600 SH   OTR 1 2 0 20,600 0
FIFTH THIRD BANCORP COM 316773100 67 14,400 SH Call OTR 1 2 0 14,400 0
FIFTH THIRD BANCORP COM 316773100 806 34,238 SH   OTR 1 2 0 34,238 0
FIRST CHOICE BANCORP COM 31948P104 223 9,880 SH   OTR 1 2 0 9,880 0
FIRST CMNTY CORP S C COM 319835104 262 13,500 SH   OTR 1 2 0 13,500 0
FIRST DEFIANCE FINL CORP COM 32006W106 768 31,339 SH   OTR 1 2 0 31,339 0
FIRST GTY BANCSHARES INC COM 32043P106 1,416 61,020 SH   OTR 1 2 0 61,020 0
FIRST MIDWEST BANCORP DEL COM 320867104 378 19,085 SH   OTR 1 2 0 19,085 0
FRANKLIN FINL NETWORK INC COM 35352P104 3,974 150,693 SH   OTR 1 2 0 150,693 0
FS KKR CAPITAL CORP COM 302635107 376 72,540 SH   OTR 1 2 0 72,540 0
GOLDMAN SACHS BDC INC SHS 38147U107 828 45,028 SH   OTR 1 2 0 45,028 0
GUARANTY FED BANCSHARES INC COM 40108P101 328 15,000 SH   OTR 1 2 0 15,000 0
HAMILTON BANCORP INC MD COM 407015106 139 10,000 SH   OTR 1 2 0 10,000 0
HANCOCK WHITNEY CORPORATION COM 410120109 2,034 58,696 SH   OTR 1 2 0 58,696 0
HANESBRANDS INC COM 410345102 125 10,000 SH   OTR 1 2 0 10,000 0
HANESBRANDS INC COM 410345102 2 5,000 SH Call OTR 1 2 0 5,000 0
HANMI FINL CORP COM NEW 410495204 333 16,914 SH   OTR 1 2 0 16,914 0
HANOVER INS GROUP INC COM 410867105 857 7,338 SH   OTR 1 2 0 7,338 0
HARBORONE BANCORP INC COM 41165F101 470 29,605 SH   OTR 1 2 0 29,605 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 2,078 53,218 SH   OTR 1 2 0 53,218 0
HERCULES CAPITAL INC COM 427096508 254 23,000 SH   OTR 1 2 0 23,000 0
HOMETOWN BANKSHARES CORP COM 43787N108 296 24,960 SH   OTR 1 2 0 24,960 0
HOMETRUST BANCSHARES INC COM 437872104 262 10,000 SH   OTR 1 2 0 10,000 0
HOPE BANCORP INC COM 43940T109 213 17,981 SH   OTR 1 2 0 17,981 0
HUNTINGTON BANCSHARES INC COM 446150104 403 33,812 SH   OTR 1 2 0 33,812 0
IMPAC MTG HLDGS INC COM NEW 45254P508 297 130,129 SH   OTR 1 2 0 130,129 0
INTL PAPER CO COM 460146103 81 2,001 SH   OTR 1 2 0 2,001 0
INTL PAPER CO COM 460146103 19 8,100 SH Call OTR 1 2 0 8,100 0
INVESTORS BANCORP INC NEW COM 46146L101 208 20,010 SH   OTR 1 2 0 20,010 0
JPMORGAN CHASE & CO COM 46625H100 12,614 129,214 SH   OTR 1 2 0 129,214 0
JPMORGAN CHASE & CO COM 46625H100 1,436 90,800 SH Call OTR 1 2 0 90,800 0
KEARNY FINL CORP MD COM 48716P108 316 24,660 SH   OTR 1 2 0 24,660 0
KEYCORP NEW COM 493267108 2,462 166,595 SH   OTR 1 2 0 166,595 0
KEYCORP NEW COM 493267108 98 49,400 SH Call OTR 1 2 0 49,400 0
KINGSTONE COS INC COM 496719105 1,122 63,434 SH   OTR 1 2 0 63,434 0
LINCOLN NATL CORP IND COM 534187109 432 8,417 SH   OTR 1 2 0 8,417 0
LIQUID MEDIA GROUP LTD NEW COM NEW 53634Q204 47 24,521 SH   OTR 1 2 0 24,521 0
M & T BK CORP COM 55261F104 8,227 87,685 SH   OTR 1 2 0 87,685 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 326 1,216 SH   OTR 1 2 0 1,216 0
MAIDEN HOLDINGS LTD SHS G5753U112 342 207,122 SH   OTR 1 2 0 207,122 0
MB FINANCIAL INC NEW COM 55264U108 5,473 138,107 SH   OTR 1 2 0 138,107 0
MERIDIAN BANCORP INC MD COM 58958U103 2,997 209,320 SH   OTR 1 2 0 209,320 0
METLIFE INC COM 59156R108 600 14,611 SH   OTR 1 2 0 14,611 0
METLIFE INC COM 59156R108 108 56,500 SH Call OTR 1 2 0 56,500 0
MID PENN BANCORP INC COM 59540G107 447 19,437 SH   OTR 1 2 0 19,437 0
MIDSOUTH BANCORP INC COM 598039105 1,454 137,226 SH   OTR 1 2 0 137,226 0
MONROE CAP CORP COM 610335101 503 52,438 SH   OTR 1 2 0 52,438 0
MORGAN STANLEY COM NEW 617446448 665 16,779 SH   OTR 1 2 0 16,779 0
MORGAN STANLEY COM NEW 617446448 416 49,800 SH Call OTR 1 2 0 49,800 0
NEWELL BRANDS INC COM 651229106 519 27,943 SH   OTR 1 2 0 27,943 0
NEWELL BRANDS INC COM 651229106 8 3,500 SH Call OTR 1 2 0 3,500 0
OLD LINE BANCSHARES INC COM 67984M100 416 15,818 SH   OTR 1 2 0 15,818 0
PACIFIC MERCANTILE BANCORP COM 694552100 332 46,400 SH   OTR 1 2 0 46,400 0
PACIFIC PREMIER BANCORP COM 69478X105 218 8,540 SH   OTR 1 2 0 8,540 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 2,956 117,369 SH   OTR 1 2 0 117,369 0
PFIZER INC COM 717081103 58 5,300 SH Call OTR 1 2 0 5,300 0
PFIZER INC COM 717081103 241 5,530 SH   OTR 1 2 0 5,530 0
PINNACLE FINL PARTNERS INC COM 72346Q104 1,762 38,227 SH   OTR 1 2 0 38,227 0
PNC FINL SVCS GROUP INC COM 693475105 4,511 38,581 SH   OTR 1 2 0 38,581 0
PNC FINL SVCS GROUP INC COM 693475105 96 6,900 SH Call OTR 1 2 0 6,900 0
POPULAR INC COM NEW 733174700 707 14,964 SH   OTR 1 2 0 14,964 0
PROSPERITY BANCSHARES INC COM 743606105 315 5,063 SH   OTR 1 2 0 5,063 0
PRUDENTIAL FINL INC COM 744320102 41 11,900 SH Call OTR 1 2 0 11,900 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 442 8,500 SH   OTR 1 2 0 8,500 0
RBB BANCORP COM 74930B105 189 10,776 SH   OTR 1 2 0 10,776 0
REGIONS FINL CORP NEW COM 7591EP100 2,043 152,732 SH   OTR 1 2 0 152,732 0
REGIONS FINL CORP NEW COM 7591EP100 78 45,900 SH Call OTR 1 2 0 45,900 0
RITE AID CORP COM 767754104 273 437,373 SH   OTR 1 2 0 437,373 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 136 15,805 SH   OTR 1 2 0 15,805 0
SEACOAST BKG CORP FLA COM NEW 811707801 3,302 126,896 SH   OTR 1 2 0 126,896 0
SELECT BANCORP INC NEW COM 81617L108 622 50,270 SH   OTR 1 2 0 50,270 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 676 84,700 SH   OTR 1 2 0 84,700 0
SMARTFINANCIAL INC COM NEW 83190L208 527 28,818 SH   OTR 1 2 0 28,818 0
SOUTH ST CORP COM 840441109 1,980 33,034 SH   OTR 1 2 0 33,034 0
SOUTHERN NATL BANCORP OF VA COM 843395104 6,482 490,339 SH   OTR 1 2 0 490,339 0
STANDARD AVB FINL CORP COM 85303B100 568 19,000 SH   OTR 1 2 0 19,000 0
STATE BK FINL CORP COM 856190103 718 33,236 SH   OTR 1 2 0 33,236 0
STATE STR CORP COM 857477103 371 5,884 SH   OTR 1 2 0 5,884 0
STERLING BANCORP DEL COM 85917A100 2,273 137,700 SH   OTR 1 2 0 137,700 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 226 19,200 SH   OTR 1 2 0 19,200 0
SUNTRUST BKS INC COM 867914103 1,116 22,119 SH   OTR 1 2 0 22,119 0
SUNTRUST BKS INC COM 867914103 104 10,400 SH Call OTR 1 2 0 10,400 0
SYNOVUS FINL CORP COM NEW 87161C501 2,029 63,436 SH   OTR 1 2 0 63,436 0
TERRITORIAL BANCORP INC COM 88145X108 731 28,133 SH   OTR 1 2 0 28,133 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 648 27,065 SH   OTR 1 2 0 27,065 0
UNION BANKSHARES CORP NEW COM 90539J109 1,213 42,982 SH   OTR 1 2 0 42,982 0
UNITED PARCEL SERVICE INC CL B 911312106 41 2,000 SH Call OTR 1 2 0 2,000 0
UNITED PARCEL SERVICE INC CL B 911312106 194 1,993 SH   OTR 1 2 0 1,993 0
UNIVAR INC COM 91336L107 275 15,500 SH   OTR 1 2 0 15,500 0
US BANCORP DEL COM NEW 902973304 1,110 24,288 SH   OTR 1 2 0 24,288 0
WATERSTONE FINL INC MD COM 94188P101 311 18,556 SH   OTR 1 2 0 18,556 0
WELLS FARGO CO NEW COM 949746101 664 14,406 SH   OTR 1 2 0 14,406 0
WELLS FARGO CO NEW COM 949746101 134 64,900 SH Call OTR 1 2 0 64,900 0
ZIONS BANCORPORATION N A *W EXP 05/21/202 989701115 329 35,039 SH   OTR 1 2 0 35,039 0
ZIONS BANCORPORATION N A COM 989701107 79 17,000 SH Call OTR 1 2 0 17,000 0