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
AERCAP HOLDINGS NV SHS N00985106 33,519 720,215 SH   SOLE   720,215 0 0
AIR LEASE CORP CL A 00912X302 38,411 1,118,211 SH   SOLE   1,118,211 0 0
ALLY FINL INC COM 02005N100 27,403 996,819 SH   SOLE   996,819 0 0
AMERICAN RIVER BANKSHARES COM 029326105 8,940 687,702 SH   SOLE   687,702 0 0
APPLE INC COM 037833100 2,905 15,296 SH   SOLE   15,296 0 0
AXOS FINL INC COM 05465C100 13,927 480,899 SH   SOLE   480,899 0 0
BANK AMER CORP COM 060505104 32,094 1,163,234 SH   SOLE   1,163,234 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 5,852 426,556 SH   SOLE   426,556 0 0
BANNER CORP COM NEW 06652V208 940 17,349 SH   SOLE   17,349 0 0
BB&T CORP COM 054937107 1,836 39,459 SH   SOLE   39,459 0 0
BLACK KNIGHT INC COM 09215C105 5,585 102,472 SH   SOLE   102,472 0 0
BLACKROCK INC COM 09247X101 15,122 35,385 SH   SOLE   35,385 0 0
BRIDGE BANCORP INC COM 108035106 64,830 2,212,626 SH   SOLE   2,212,626 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 2,616 253,716 SH   SOLE   253,716 0 0
BSB BANCORP INC MD COM 05573H108 1,894 57,663 SH   SOLE   57,663 0 0
CAMDEN NATL CORP COM 133034108 13,570 325,260 SH   SOLE   325,260 0 0
CANNAE HLDGS INC COM 13765N107 2,702 111,383 SH   SOLE   111,383 0 0
CAPITAL ONE FINL CORP COM 14040H105 50,178 614,245 SH   SOLE   614,245 0 0
CAROLINA FINL CORP NEW COM 143873107 1,618 46,787 SH   SOLE   46,787 0 0
CENTURY CMNTYS INC COM 156504300 23,212 968,376 SH   SOLE   968,376 0 0
CHEMUNG FINL CORP COM 164024101 10,028 213,687 SH   SOLE   213,687 0 0
CITIGROUP INC COM NEW 172967424 17,357 278,969 SH   SOLE   278,969 0 0
CITIZENS FINL GROUP INC COM 174610105 50,348 1,549,171 SH   SOLE   1,549,171 0 0
CODORUS VY BANCORP INC COM 192025104 4,828 226,115 SH   SOLE   226,115 0 0
COLUMBIA FINL INC COM 197641103 11 680 SH   SOLE   680 0 0
COMERICA INC COM 200340107 11,815 161,137 SH   SOLE   161,137 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 4,964 252,002 SH   SOLE   252,002 0 0
COUSINS PPTYS INC COM 222795106 142 14,659 SH   SOLE   14,659 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,008 38,877 SH   SOLE   38,877 0 0
DISCOVER FINL SVCS COM 254709108 15,993 224,752 SH   SOLE   224,752 0 0
EAGLE BANCORP INC MD COM 268948106 2,310 46,014 SH   SOLE   46,014 0 0
EAST WEST BANCORP INC COM 27579R104 13,950 290,810 SH   SOLE   290,810 0 0
ENSCO PLC SHS CLASS A G3157S106 31 7,986 SH   SOLE   7,986 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 1,862 81,797 SH   SOLE   81,797 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 12,214 334,183 SH   SOLE   334,183 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 16,612 146,883 SH   SOLE   146,883 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 2,054 75,000 SH   SOLE   75,000 0 0
FIFTH THIRD BANCORP COM 316773100 3,507 139,052 SH   SOLE   139,052 0 0
FIRST AMERN FINL CORP COM 31847R102 6,919 134,358 SH   SOLE   134,358 0 0
FIRST BANCORP N C COM 318910106 4,285 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 2,860 117,193 SH   SOLE   117,193 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 6,119 15,028 SH   SOLE   15,028 0 0
FIRST DATA CORP NEW COM CL A 32008D106 4,117 156,719 SH   SOLE   156,719 0 0
FIRST FNDTN INC COM 32026V104 11,446 843,444 SH   SOLE   843,444 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 4,010 121,797 SH   SOLE   121,797 0 0
FNB CORP PA COM 302520101 8,105 764,590 SH   SOLE   764,590 0 0
GARRETT MOTION INC COM 366505105 240 16,315 SH   SOLE   16,315 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 19,035 471,172 SH   SOLE   471,172 0 0
HERITAGE FINL CORP WASH COM 42722X106 6,954 230,738 SH   SOLE   230,738 0 0
HILLTOP HOLDINGS INC COM 432748101 11,657 638,735 SH   SOLE   638,735 0 0
HOME BANCSHARES INC COM 436893200 4,137 235,454 SH   SOLE   235,454 0 0
HONEYWELL INTL INC COM 438516106 25,928 163,150 SH   SOLE   163,150 0 0
HUNTINGTON BANCSHARES INC COM 446150104 3,889 306,684 SH   SOLE   306,684 0 0
IBERIABANK CORP COM 450828108 3,908 54,492 SH   SOLE   54,492 0 0
INDEPENDENT BK GROUP INC COM 45384B106 3,410 66,491 SH   SOLE   66,491 0 0
J ALEXANDERS HLDGS INC COM 46609J106 189 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 74,203 733,012 SH   SOLE   733,012 0 0
KEYCORP NEW COM 493267108 18,903 1,200,202 SH   SOLE   1,200,202 0 0
KINDER MORGAN INC DEL COM 49456B101 2,525 126,163 SH   SOLE   126,163 0 0
KORN FERRY COM NEW 500643200 1,920 42,870 SH   SOLE   42,870 0 0
LAKELAND BANCORP INC COM 511637100 4,394 294,319 SH   SOLE   294,319 0 0
LEAR CORP COM NEW 521865204 16,590 122,244 SH   SOLE   122,244 0 0
LENNAR CORP CL A 526057104 25,340 516,202 SH   SOLE   516,202 0 0
LUTHER BURBANK CORP COM 550550107 11,558 1,144,375 SH   SOLE   1,144,375 0 0
M & T BK CORP COM 55261F104 914 5,823 SH   SOLE   5,823 0 0
M/I HOMES INC COM 55305B101 12,385 465,252 SH   SOLE   465,252 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 13,514 628,574 SH   SOLE   628,574 0 0
MASCO CORP COM 574599106 6,862 174,565 SH   SOLE   174,565 0 0
MERIDIAN CORPORATION COM 58958P104 10,988 609,086 SH   SOLE   609,086 0 0
METROPOLITAN BK HLDG CORP COM 591774104 14,529 417,617 SH   SOLE   417,617 0 0
MIDSOUTH BANCORP INC COM 598039105 18,730 1,641,562 SH   SOLE   1,641,562 0 0
MORGAN STANLEY COM NEW 617446448 15,445 366,000 SH   SOLE   366,000 0 0
NATIONAL COMM CORP COM 63546L102 2,255 57,502 SH   SOLE   57,502 0 0
NORTHEAST BANCORP COM NEW 663904209 1,451 70,161 SH   SOLE   70,161 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 4,738 86,211 SH   SOLE   86,211 0 0
OLD LINE BANCSHARES INC COM 67984M100 2,218 88,949 SH   SOLE   88,949 0 0
OLD NATL BANCORP IND COM 680033107 9,055 552,157 SH   SOLE   552,157 0 0
ONEMAIN HLDGS INC COM 68268W103 58,295 1,836,067 SH   SOLE   1,836,067 0 0
OP BANCORP COM 67109R109 10,415 1,190,250 SH   SOLE   1,190,250 0 0
OWENS CORNING NEW COM 690742101 20,662 438,499 SH   SOLE   438,499 0 0
PACIFIC PREMIER BANCORP COM 69478X105 10,951 412,763 SH   SOLE   412,763 0 0
PACWEST BANCORP DEL COM 695263103 20,120 534,965 SH   SOLE   534,965 0 0
PARKE BANCORP INC COM 700885106 9,130 437,056 SH   SOLE   437,056 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 18,517 706,229 SH   SOLE   706,229 0 0
PENNYMAC FINL SVCS INC COM 70932M107 15,666 704,419 SH   SOLE   704,419 0 0
PEOPLES UTD FINL INC COM 712704105 3,371 205,063 SH   SOLE   205,063 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 1,710 31,269 SH   SOLE   31,269 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,898 31,778 SH   SOLE   31,778 0 0
POPULAR INC COM NEW 733174700 1,511 28,994 SH   SOLE   28,994 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 7,523 167,283 SH   SOLE   167,283 0 0
PREMIER FINL BANCORP INC COM 74050M105 4,606 293,171 SH   SOLE   293,171 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 396 15,385 SH Put SOLE   15,385 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 38 135 SH Put SOLE   135 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 107 378 SH Put SOLE   378 0 0
RBB BANCORP COM 74930B105 4,208 223,840 SH   SOLE   223,840 0 0
REGIONAL MGMT CORP COM 75902K106 37,272 1,526,306 SH   SOLE   1,526,306 0 0
REGIONS FINL CORP NEW COM 7591EP100 45,683 3,228,458 SH   SOLE   3,228,458 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 2,420 460,937 SH   SOLE   460,937 0 0
RESIDEO TECHNOLOGIES INC COM 76118y104 525 27,192 SH   SOLE   27,192 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 2,452 32,456 SH   SOLE   32,456 0 0
RYDER SYS INC COM 783549108 1,538 24,803 SH   SOLE   24,803 0 0
SANDY SPRING BANCORP INC COM 800363103 7,257 232,015 SH   SOLE   232,015 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 1,782 67,640 SH   SOLE   67,640 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 11,358 88,685 SH   SOLE   88,685 0 0
SVB FINL GROUP COM 78486Q101 7,542 33,917 SH   SOLE   33,917 0 0
SOUTH ST CORP COM 840441109 3,618 52,946 SH   SOLE   52,946 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 779 23,000 SH   SOLE   23,000 0 0
STERLING BANCORP DEL COM 85917A100 47,781 2,564,727 SH   SOLE   2,564,727 0 0
STERLING BANCORP INC COM 85917W102 18,706 1,844,728 SH   SOLE   1,844,728 0 0
STEWARDSHIP FINL CORP COM 860326107 5,305 573,540 SH   SOLE   573,540 0 0
SB ONE BANCORP COM 78413T103 7,406 340,960 SH   SOLE   340,960 0 0
SYNOVUS FINL CORP COM NEW 87161C501 23,632 687,765 SH   SOLE   687,765 0 0
TAYLOR MORRISON HOME CORP CL A 87724P106 12,692 715,045 SH   SOLE   715,045 0 0
TCF FINL CORP COM 872275102 3,938 190,348 SH   SOLE   190,348 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 12,538 229,679 SH   SOLE   229,679 0 0
FIRST LONG IS CORP COM 320734106 465 21,217 SH   SOLE   21,217 0 0
TRICO BANCSHARES COM 896095106 5,421 137,982 SH   SOLE   137,982 0 0
UNITED BANKSHARES INC WEST V COM 909907107 6,529 180,165 SH   SOLE   180,165 0 0
US BANCORP DEL COM NEW 902973304 55,518 1,152,064 SH   SOLE   1,152,064 0 0
VALLEY NATL BANCORP COM 919794107 869 90,722 SH   SOLE   90,722 0 0
VERITEX HLDGS INC COM 923451108 2,204 91,008 SH   SOLE   91,008 0 0
WELLS FARGO CO NEW COM 949746101 68,286 1,413,198 SH   SOLE   1,413,198 0 0
WESBANCO INC COM 950810101 6,097 153,389 SH   SOLE   153,389 0 0
WESTERN ALLIANCE BANCORP COM 957638109 7,126 173,642 SH   SOLE   173,642 0 0
LYON WILLIAM HOMES CL A NEW 552074700 8,712 566,837 SH   SOLE   566,837 0 0
WINTRUST FINL CORP COM 97650W108 13,084 194,328 SH   SOLE   194,328 0 0
ZIONS BANCORPORATION N A COM 989701107 9,260 203,924 SH   SOLE   203,924 0 0