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 323 6,938 SH   SOLE   0 0 6,938
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 527 33,702 SH   OTR 34 0 0 33,702
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 10,394 664,181 SH   SOLE   0 0 664,181
AMERICAN EXPRESS CO COM 025816109 5,356 49,000 SH Put SOLE   0 0 49,000
AMERICAN INTL GROUP INC COM NEW 026874784 2,110 49,000 SH Put SOLE   0 0 49,000
AMERIS BANCORP COM 03076K108 711 20,690 SH   OTR 34 0 0 20,690
AMERIS BANCORP COM 03076K108 34,209 995,885 SH   SOLE   0 0 995,885
ARES MANAGEMENT CORPORATION CL A COM STK 03990b101 3,249 140,000 SH   SOLE   0 0 140,000
ATLANTIC CAP BANCSHARES INC COM 048269203 449 25,194 SH   OTR 34 0 0 25,194
ATLANTIC CAP BANCSHARES INC COM 048269203 20,810 1,167,113 SH   SOLE   0 0 1,167,113
BANC OF CALIFORNIA INC COM 05990K106 8,668 626,306 SH   SOLE   0 0 626,306
BANCORP 34 INC COM 05970V106 956 63,071 SH   OTR 34 0 0 63,071
BANK AMER CORP COM 060505104 5,518 200,000 SH   SOLE   0 0 200,000
BANK AMER CORP COM 060505104 2,254 81,700 SH Call SOLE   0 0 81,700
BANK NEW YORK MELLON CORP COM 064058100 3,707 73,500 SH Put SOLE   0 0 73,500
BANK7 CORP COM 06652N107 1,215 69,950 SH   OTR 34 0 0 69,950
BANK7 CORP COM 06652N107 4,318 248,582 SH   SOLE   0 0 248,582
BAYCOM CORP COM 07272M107 669 29,567 SH   OTR 34 0 0 29,567
BAYCOM CORP COM 07272M107 3,396 150,000 SH   SOLE   0 0 150,000
BB&T CORP COM 054937107 3,420 73,500 SH Put SOLE   0 0 73,500
BYLINE BANCORP INC COM 124411109 15,881 859,365 SH   SOLE   0 0 859,365
CADENCE BANCORPORATION CL A 12739a100 4,029 217,201 SH   SOLE   0 0 217,201
CAROLINA FINL CORP NEW COM 143873107 22,049 637,438 SH   SOLE   0 0 637,438
CARTER BK & TR MARTINSVILLE COM 146102108 404 21,070 SH   OTR 34 0 0 21,070
CBTX INC COM 12481V104 976 30,057 SH   OTR 34 0 0 30,057
CBTX INC COM 12481V104 4,730 145,681 SH   SOLE   0 0 145,681
CITIGROUP INC COM NEW 172967424 4,573 73,500 SH Put SOLE   0 0 73,500
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,560 71,449 SH   OTR 34 0 0 71,449
CIVISTA BANCSHARES INC COM NO PAR 178867107 4,699 215,272 SH   SOLE   0 0 215,272
COMMUNITY BANKERS TR CORP COM 203612106 461 62,980 SH   OTR 34 0 0 62,980
COWEN INC CL A NEW 223622606 6,277 433,185 SH   SOLE   0 0 433,185
E TRADE FINANCIAL CORP COM NEW 269246401 2,275 49,000 SH Put SOLE   0 0 49,000
EQUITY BANCSHARES INC COM CL A 29460X109 23,133 803,230 SH   SOLE   0 0 803,230
ESQUIRE FINL HLDGS INC COM 29667J101 767 33,691 SH   OTR 34 0 0 33,691
EVANS BANCORP INC COM NEW 29911Q208 307 8,603 SH   OTR 34 0 0 8,603
EVANS BANCORP INC COM NEW 29911Q208 3,231 90,644 SH   SOLE   0 0 90,644
FAR PT ACQUISITION CORP UNIT 06/01/2025 30734W208 14,340 1,378,850 SH   SOLE   0 0 1,378,850
FB FINL CORP COM 30257x104 60,908 1,917,769 SH   SOLE   0 0 1,917,769
FIDELITY SOUTHERN CORP NEW COM 316394105 24,147 881,616 SH   SOLE   0 0 881,616
FIRST BANCORP N C COM 318910106 27,189 782,180 SH   SOLE   0 0 782,180
FIRST BANCORP N C COM 318910106 423 12,157 SH   OTR 34 0 0 12,157
FIRST BANCSHARES INC MS COM 318916103 227 7,341 SH   OTR 34 0 0 7,341
FIRST BANCSHARES INC MS COM 318916103 15,744 509,524 SH   SOLE   0 0 509,524
FIRST CMNTY CORP S C COM 319835104 485 25,417 SH   OTR 34 0 0 25,417
FIRST CMNTY CORP S C COM 319835104 4,521 237,065 SH   SOLE   0 0 237,065
FIRST FNDTN INC COM 32026V104 385 28,344 SH   OTR 34 0 0 28,344
FIRST FNDTN INC COM 32026V104 16,885 1,244,319 SH   SOLE   0 0 1,244,319
FIRST HORIZON NATL CORP COM 320517105 570 40,800 SH Call SOLE   0 0 40,800
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 315 7,906 SH   OTR 34 0 0 7,906
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 3,982 100,000 SH   SOLE   0 0 100,000
FIRST WESTN FINL INC COM 33751L105 481 36,674 SH   OTR 34 0 0 36,674
FSB BANCORP INC COM 30289C102 235 13,774 SH   OTR 34 0 0 13,774
GUARANTY BANCSHARES INC TEX COM 400764106 523 17,890 SH   OTR 34 0 0 17,890
HARTFORD FINL SVCS GROUP INC COM 416515104 2,436 49,000 SH Put SOLE   0 0 49,000
HOWARD BANCORP INC COM 442496105 772 52,096 SH   OTR 34 0 0 52,096
HOWARD BANCORP INC COM 442496105 10,796 728,947 SH   SOLE   0 0 728,947
IBERIABANK CORP COM 450828108 5,737 80,000 SH   SOLE   0 0 80,000
INDEPENDENT BK GROUP INC COM 45384b106 30,468 594,026 SH   SOLE   0 0 594,026
INVESTAR HLDG CORP COM 46134L105 405 17,839 SH   OTR 34 0 0 17,839
INVESTAR HLDG CORP COM 46134L105 5,511 242,652 SH   SOLE   0 0 242,652
ISHARES TR MSCI EMG MKT ETF 464287234 25,236 588,000 SH Put SOLE   0 0 588,000
ISHARES TR RUSSELL 2000 ETF 464287655 11,253 73,500 SH Put SOLE   0 0 73,500
JPMORGAN CHASE & CO COM 46625h100 2,480 24,500 SH Put SOLE   0 0 24,500
KEYCORP NEW COM 493267108 1,575 100,000 SH   SOLE   0 0 100,000
LIVE OAK BANCSHARES INC COM 53803x105 17,667 1,209,232 SH   SOLE   0 0 1,209,232
LUTHER BURBANK CORP COM 550550107 1,625 160,935 SH   SOLE   0 0 160,935
LUTHER BURBANK CORP COM 550550107 110 10,864 SH   OTR 34 0 0 10,864
MANNING & NAPIER INC CL A 56382q102 1,793 853,878 SH   SOLE   0 0 853,878
MASTERCARD INC CL A 57636Q104 5,769 24,500 SH Put SOLE   0 0 24,500
METLIFE INC COM 59156r108 2,086 49,000 SH Put SOLE   0 0 49,000
MIDSOUTH BANCORP INC COM 598039105 449 39,314 SH   OTR 34 0 0 39,314
MIDSOUTH BANCORP INC COM 598039105 7,155 627,045 SH   SOLE   0 0 627,045
MORGAN STANLEY COM NEW 617446448 2,068 49,000 SH Put SOLE   0 0 49,000
OLD LINE BANCSHARES INC COM 67984m100 17,124 686,871 SH   SOLE   0 0 686,871
OPUS BK IRVINE CALIF COM 684000102 3,937 198,833 SH   SOLE   0 0 198,833
ORIGIN BANCORP INC COM 68621T102 18,591 546,005 SH   SOLE   0 0 546,005
PEAPACK-GLADSTONE FINL CORP COM 704699107 6,025 229,770 SH   SOLE   0 0 229,770
PINNACLE FINL PARTNERS INC COM 72346q104 14,769 270,000 SH   SOLE   0 0 270,000
PNC FINL SVCS GROUP INC COM 693475105 3,005 24,500 SH Put SOLE   0 0 24,500
REGIONS FINL CORP NEW COM 7591ep100 2,311 163,300 SH Call SOLE   0 0 163,300
RELIANT BANCORP INC COM 75956B101 528 23,638 SH   OTR 34 0 0 23,638
SEACOAST BKG CORP FLA COM NEW 811707801 8,667 328,936 SH   SOLE   0 0 328,936
SELECT BANCORP INC NEW COM 81617L108 1,092 96,001 SH   OTR 34 0 0 96,001
SELECT BANCORP INC NEW COM 81617L108 405 35,580 SH   SOLE   0 0 35,580
SELECT SECTOR SPDR TR SBI INT-FINL 81369y605 2,098 81,600 SH Call SOLE   0 0 81,600
SELECT SECTOR SPDR TR SBI INT-FINL 81369y605 18,896 735,000 SH Put SOLE   0 0 735,000
SILVERCREST ASSET MGMT GROUP CL A 828359109 7,177 503,656 SH   SOLE   0 0 503,656
SOUTHERN FIRST BANCSHARES IN COM 842873101 9,729 287,242 SH   SOLE   0 0 287,242
SPDR S&P 500 ETF TR TR UNIT 78462F103 27,684 98,000 SH Put SOLE   0 0 98,000
SPDR SERIES TRUST S&P REGL BKG 78464a698 35,217 686,000 SH Put SOLE   0 0 686,000
SPIRIT OF TEX BANCSHARES INC COM 84861D103 605 28,516 SH   OTR 34 0 0 28,516
SYNOVUS FINL CORP COM NEW 87161c501 1,718 50,000 SH   SOLE   0 0 50,000
TD AMERITRADE HLDG CORP COM 87236y108 2,450 49,000 SH Put SOLE   0 0 49,000
THE CHARLES SCHWAB CORPORATI COM 808513105 2,095 49,000 SH Put SOLE   0 0 49,000
TRIUMPH BANCORP INC COM 89679E300 906 30,822 SH   OTR 34 0 0 30,822
TRIUMPH BANCORP INC COM 89679E300 45,066 1,533,393 SH   SOLE   0 0 1,533,393
UNITED CMNTY BKS BLAIRSVLE G COM 90984p303 2,567 102,959 SH   SOLE   0 0 102,959
UNITED FINL BANCORP INC NEW COM 910304104 418 29,122 SH   OTR 34 0 0 29,122
UNITED FINL BANCORP INC NEW COM 910304104 14,753 1,028,053 SH   SOLE   0 0 1,028,053
US BANCORP DEL COM NEW 902973304 2,361 49,000 SH Put SOLE   0 0 49,000
VERITEX HLDGS INC COM 923451108 53,011 2,188,735 SH   SOLE   0 0 2,188,735
VISA INC COM CL A 92826c839 3,827 24,500 SH Put SOLE   0 0 24,500
ZIONS BANCORPORATION N A COM 989701107 1,853 40,800 SH Call SOLE   0 0 40,800