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
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 731 37,482 SH   OTR 34 0 0 37,482
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 13,256 679,789 SH   SOLE   0 0 679,789
AMERIS BANCORP COM 03076K108 31,956 1,009,043 SH   SOLE   0 0 1,009,043
AMERIS BANCORP COM 03076K108 719 22,704 SH   OTR 34 0 0 22,704
ARES MANAGEMENT CORPORATION CL A COM STK 03990b101 15,314 861,299 SH   SOLE   0 0 861,299
ARES MANAGEMENT CORPORATION CL A COM STK 03990b101 281 15,800 SH Call SOLE   0 0 15,800
ATLANTIC CAP BANCSHARES INC COM 048269203 20,128 1,229,592 SH   SOLE   0 0 1,229,592
ATLANTIC CAP BANCSHARES INC COM 048269203 450 27,473 SH   OTR 34 0 0 27,473
BANC OF CALIFORNIA INC COM 05990K106 5,874 441,306 SH   SOLE   0 0 441,306
BANCORP 34 INC COM 05970V106 1,008 68,157 SH   OTR 34 0 0 68,157
BANK AMER CORP COM 060505104 4,928 200,000 SH   SOLE   0 0 200,000
BANK AMER CORP COM 060505104 5,098 206,900 SH Call SOLE   0 0 206,900
BANK NEW YORK MELLON CORP COM 064058100 2,306 49,000 SH Put SOLE   0 0 49,000
BANK7 CORP COM 06652N107 397 29,739 SH   OTR 34 0 0 29,739
BAYCOM CORP COM 07272M107 738 31,967 SH   OTR 34 0 0 31,967
BYLINE BANCORP INC COM 124411109 14,317 859,365 SH   SOLE   0 0 859,365
CADENCE BANCORPORATION CL A 12739a100 4,307 256,655 SH   SOLE   0 0 256,655
CAROLINA FINL CORP NEW COM 143873107 18,862 637,438 SH   SOLE   0 0 637,438
CBTX INC COM 12481V104 4,283 145,681 SH   SOLE   0 0 145,681
CBTX INC COM 12481V104 950 32,301 SH   OTR 34 0 0 32,301
CITIGROUP INC COM NEW 172967424 3,826 73,500 SH Put SOLE   0 0 73,500
CITIZENS FINL GROUP INC COM 174610105 1,647 55,400 SH   SOLE   0 0 55,400
CIVISTA BANCSHARES INC COM NO PAR 178867107 2,974 170,750 SH   SOLE   0 0 170,750
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,348 77,363 SH   OTR 34 0 0 77,363
COMERICA INC COM 200340107 2,425 35,300 SH Call SOLE   0 0 35,300
COMMUNITY BANKERS TR CORP COM 203612106 857 118,722 SH   OTR 34 0 0 118,722
CONNECTONE BANCORP INC NEW COM 20786w107 3,187 172,571 SH   SOLE   0 0 172,571
COWEN INC CL A NEW 223622606 8,290 621,450 SH   SOLE   0 0 621,450
EQUITY BANCSHARES INC COM CL A 29460x109 25,989 737,281 SH   SOLE   0 0 737,281
ESQUIRE FINL HLDGS INC COM 29667J101 780 35,961 SH   OTR 34 0 0 35,961
EVANS BANCORP INC COM NEW 29911Q208 2,947 90,644 SH   SOLE   0 0 90,644
EVANS BANCORP INC COM NEW 29911Q208 300 9,232 SH   OTR 34 0 0 9,232
FAR PT ACQUISITION CORP UNIT 06/01/2025 30734W208 13,913 1,378,850 SH   SOLE   0 0 1,378,850
FB FINL CORP COM 30257x104 70,341 2,008,609 SH   SOLE   0 0 2,008,609
FIDELITY SOUTHERN CORP NEW COM 316394105 22,065 848,019 SH   SOLE   0 0 848,019
FIRST BANCORP N C COM 318910106 30,770 942,137 SH   SOLE   0 0 942,137
FIRST BANCORP N C COM 318910106 457 13,996 SH   OTR 34 0 0 13,996
FIRST BANCSHARES INC MS COM 318916103 13,720 453,544 SH   SOLE   0 0 453,544
FIRST BANCSHARES INC MS COM 318916103 239 7,915 SH   OTR 34 0 0 7,915
FIRST CMNTY CORP S C COM 319835104 535 27,530 SH   OTR 34 0 0 27,530
FIRST CMNTY CORP S C COM 319835104 4,606 237,065 SH   SOLE   0 0 237,065
FIRST FNDTN INC COM 32026V104 18,744 1,457,523 SH   SOLE   0 0 1,457,523
FIRST FNDTN INC COM 32026V104 394 30,655 SH   OTR 34 0 0 30,655
FIRST HORIZON NATL CORP COM 320517105 929 70,600 SH Call SOLE   0 0 70,600
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 5,070 138,683 SH   SOLE   0 0 138,683
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 319 8,729 SH   OTR 34 0 0 8,729
FIRST WESTN FINL INC COM 33751L105 272 23,203 SH   OTR 34 0 0 23,203
FSB BANCORP INC COM 30289C102 238 14,876 SH   OTR 34 0 0 14,876
GREEN BANCORP INC COM 39260x100 11,324 660,689 SH   SOLE   0 0 660,689
GUARANTY BANCORP DEL COM NEW 40075T607 6,225 300,000 SH   SOLE   0 0 300,000
GUARANTY BANCSHARES INC TEX COM 400764106 573 19,217 SH   OTR 34 0 0 19,217
HOWARD BANCORP INC COM 442496105 9,788 684,486 SH   SOLE   0 0 684,486
HOWARD BANCORP INC COM 442496105 787 55,025 SH   OTR 34 0 0 55,025
IBERIABANK CORP COM 450828108 8,356 130,000 SH   SOLE   0 0 130,000
INDEPENDENT BK GROUP INC COM 45384b106 25,844 564,641 SH   SOLE   0 0 564,641
INVESTAR HLDG CORP COM 46134L105 478 19,274 SH   OTR 34 0 0 19,274
INVESTAR HLDG CORP COM 46134L105 6,265 252,633 SH   SOLE   0 0 252,633
ISHARES TR RUSSELL 2000 ETF 464287655 26,246 196,000 SH Put SOLE   0 0 196,000
ISHARES TR IBOXX HI YD ETF 464288513 7,948 98,000 SH Put SOLE   0 0 98,000
JPMORGAN CHASE & CO COM 46625h100 4,784 49,000 SH Put SOLE   0 0 49,000
KEYCORP NEW COM 493267108 1,478 100,000 SH   SOLE   0 0 100,000
KKR & CO INC CL A 48251w104 962 49,000 SH Put SOLE   0 0 49,000
LAKELAND BANCORP INC COM 511637100 3,999 270,000 SH   SOLE   0 0 270,000
LIVE OAK BANCSHARES INC COM 53803x105 15,513 1,047,480 SH   SOLE   0 0 1,047,480
LUTHER BURBANK CORP COM 550550107 812 90,000 SH   SOLE   0 0 90,000
M & T BK CORP COM 55261f104 2,721 19,008 SH   SOLE   0 0 19,008
MACKINAC FINL CORP COM 554571109 239 17,497 SH   OTR 34 0 0 17,497
MANNING & NAPIER INC CL A 56382q102 2,655 1,508,448 SH   SOLE   0 0 1,508,448
MELROSE BANCORP INC COM 585553100 183 10,194 SH   OTR 34 0 0 10,194
METLIFE INC COM 59156R108 4,024 98,000 SH Put SOLE   0 0 98,000
MIDSOUTH BANCORP INC COM 598039105 6,647 627,045 SH   SOLE   0 0 627,045
MIDSOUTH BANCORP INC COM 598039105 450 42,458 SH   OTR 34 0 0 42,458
MORGAN STANLEY COM NEW 617446448 3,886 98,000 SH Put SOLE   0 0 98,000
OLD LINE BANCSHARES INC COM 67984m100 16,791 637,973 SH   SOLE   0 0 637,973
OPUS BK IRVINE CALIF COM 684000102 14,113 720,397 SH   SOLE   0 0 720,397
ORIGIN BANCORP INC COM 68621T102 3,968 116,419 SH   SOLE   0 0 116,419
PEAPACK-GLADSTONE FINL CORP COM 704699107 5,786 229,770 SH   SOLE   0 0 229,770
PERFORMANT FINL CORP COM 71377E105 725 322,031 SH   SOLE   0 0 322,031
PINNACLE FINL PARTNERS INC COM 72346q104 17,915 388,610 SH   SOLE   0 0 388,610
REGIONS FINL CORP NEW COM 7591ep100 3,734 279,100 SH Call SOLE   0 0 279,100
RELIANT BANCORP INC COM 75956B101 578 25,081 SH   OTR 34 0 0 25,081
SB ONE BANCORP COM 78413T103 6,313 308,860 SH   SOLE   0 0 308,860
SCHWAB CHARLES CORP NEW COM 808513105 2,035 49,000 SH Put SOLE   0 0 49,000
SEACOAST BKG CORP FLA COM NEW 811707801 15,136 581,697 SH   SOLE   0 0 581,697
SELECT BANCORP INC NEW COM 81617L108 595 48,080 SH   SOLE   0 0 48,080
SELECT BANCORP INC NEW COM 81617L108 1,283 103,625 SH   OTR 34 0 0 103,625
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 11,369 477,300 SH Call SOLE   0 0 477,300
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 11,087 465,500 SH Put SOLE   0 0 465,500
SILVERCREST ASSET MGMT GROUP CL A 828359109 6,805 514,329 SH   SOLE   0 0 514,329
SOUTH ST CORP COM 840441109 403 6,720 SH   SOLE   0 0 6,720
SOUTHERN FIRST BANCSHARES IN COM 842873101 9,212 287,242 SH   SOLE   0 0 287,242
SOUTHERN NATL BANCORP OF VA COM 843395104 162 12,250 SH   SOLE   0 0 12,250
SPDR S&P 500 ETF TR TR UNIT 78462F103 18,369 73,500 SH Put SOLE   0 0 73,500
SPDR SERIES TRUST S&P REGL BKG 78464a698 6,452 137,900 SH Call SOLE   0 0 137,900
SPDR SERIES TRUST S&P REGL BKG 78464a698 20,634 441,000 SH Put SOLE   0 0 441,000
SPDR SERIES TRUST S&P BK ETF 78464A797 18,304 490,100 SH Put SOLE   0 0 490,100
SPIRIT OF TEX BANCSHARES INC COM 84861D103 697 30,617 SH   OTR 34 0 0 30,617
SYNCHRONY FINL COM 87165B103 3,834 163,400 SH Call SOLE   0 0 163,400
SYNOVUS FINL CORP COM NEW 87161c501 1,599 50,000 SH   SOLE   0 0 50,000
TD AMERITRADE HLDG CORP COM 87236y108 3,599 73,500 SH Put SOLE   0 0 73,500
TRIUMPH BANCORP INC COM 89679E300 41,792 1,407,135 SH   SOLE   0 0 1,407,135
TRIUMPH BANCORP INC COM 89679E300 992 33,403 SH   OTR 34 0 0 33,403
UNITED CMNTY BKS BLAIRSVLE G COM 90984p303 2,210 102,959 SH   SOLE   0 0 102,959
UNITED FINL BANCORP INC NEW COM 910304104 15,112 1,028,053 SH   SOLE   0 0 1,028,053
UNITED FINL BANCORP INC NEW COM 910304104 462 31,442 SH   OTR 34 0 0 31,442
US BANCORP DEL COM NEW 902973304 2,239 49,000 SH Put SOLE   0 0 49,000
VERITEX HLDGS INC COM 923451108 34,035 1,591,930 SH   SOLE   0 0 1,591,930
WELLS FARGO CO NEW COM 949746101 4,516 98,000 SH Put SOLE   0 0 98,000
WESTERN NEW ENG BANCORP INC COM 958892101 9,031 899,523 SH   SOLE   0 0 899,523
ZIONS BANCORPORATION N A COM 989701107 4,217 103,500 SH Call SOLE   0 0 103,500