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
AGREE REALTY CORP COM 008492100 2,562 40,000 SH   SOLE   40,000 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 5,605 40,000 SH   SOLE   40,000 0 0
AMERIPRISE FINL INC COM 03076C106 5,884 40,534 SH   SOLE   40,534 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101 5,888 225,000 SH   SOLE   225,000 0 0
ASSURANT INC COM 04621X108 8,581 80,668 SH   SOLE   80,668 0 0
ATHENE HLDG LTD CL A G0684D107 11,335 263,233 SH   SOLE   263,233 0 0
BAIN CAP SPECIALTY FIN INC COM 05684B107 2,708 145,458 SH   SOLE   145,458 0 0
BANKUNITED INC COM 06652K103 4,423 131,082 SH   SOLE   131,082 0 0
BAYCOM CORP COM 07272M107 1,952 89,140 SH   SOLE   89,140 0 0
CADENCE BANCORPORATION CL A 12739A100 7,273 349,646 SH   SOLE   349,646 0 0
CAPITAL BANCORP INC MD COM 139737100 575 46,754 SH   SOLE   46,754 0 0
CAPITAL ONE FINL CORP COM 14040H105 15,671 172,707 SH   SOLE   172,707 0 0
CAROLINA TR BANCSHARES INC COM 14422P105 2,265 288,203 SH   SOLE   288,203 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 1,413 130,393 SH   SOLE   130,393 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 5,307 234,187 SH   SOLE   234,187 0 0
COREPOINT LODGING INC COM 21872L104 8,304 670,211 SH   SOLE   670,211 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 9,348 522,815 SH   SOLE   522,815 0 0
DXC TECHNOLOGY CO COM 23355L106 12,133 220,000 SH   SOLE   220,000 0 0
EAGLE BANCORP MONT INC COM 26942G100 2,329 140,313 SH   SOLE   140,313 0 0
EAST WEST BANCORP INC COM 27579R104 8,393 179,463 SH   SOLE   179,463 0 0
ENSTAR GROUP LIMITED SHS G3075P101 13,332 76,500 SH   SOLE   76,500 0 0
FIRST DATA CORP NEW COM CL A 32008D106 4,873 180,000 SH   SOLE   180,000 0 0
FIRST INTERNET BANCORP COM 320557101 84 3,896 SH   SOLE   3,896 0 0
FIRST NATL CORP COM 32106V107 1,104 54,262 SH   SOLE   54,262 0 0
FIRST UTD CORP COM 33741H107 85 4,330 SH   SOLE   4,330 0 0
FS KKR CAPITAL CORP COM 302635107 11,026 1,850,000 SH   SOLE   1,850,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 10,032 180,045 SH   SOLE   180,045 0 0
HEALTH INS INNOVATIONS INC COM CL A 42225K106 2,074 80,000 SH   SOLE   80,000 0 0
I3 VERTICALS INC COM CL A 46571Y107 5,036 170,993 SH   SOLE   170,993 0 0
ISTAR INC COM 45031U101 14,904 1,200,000 SH   SOLE   1,200,000 0 0
MACKINAC FINL CORP COM 554571109 1,064 67,350 SH   SOLE   67,350 0 0
MAGYAR BANCORP INC COM 55977T109 107 8,871 SH   SOLE   8,871 0 0
MAINSTREET BANCSHARES INC COM 56064Y100 840 36,842 SH   SOLE   36,842 0 0
MARCUS & MILLICHAP INC COM 566324109 5,399 175,000 SH   SOLE   175,000 0 0
MARKEL CORP COM 570535104 7,900 7,250 SH   SOLE   7,250 0 0
MEDLEY MGMT INC CL A COM 58503T106 22 9,066 SH   SOLE   9,066 0 0
MID PENN BANCORP INC COM 59540G107 967 38,763 SH   SOLE   38,763 0 0
MOELIS & CO CL A 60786M105 7,864 225,000 SH   SOLE   225,000 0 0
NAVIENT CORPORATION COM 63938C108 9,176 672,215 SH   SOLE   672,215 0 0
NCR CORP NEW COM 62886E108 8,154 262,200 SH   SOLE   262,200 0 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 780 195,000 SH   SOLE   195,000 0 0
OHA INVT CORP COM 67091U102 570 519,699 SH   SOLE   519,699 0 0
OLD POINT FINL CORP COM 680194107 107 4,856 SH   SOLE   4,856 0 0
OLD REP INTL CORP COM 680223104 7,738 345,739 SH   SOLE   345,739 0 0
OPUS BK IRVINE CALIF COM 684000102 528 25,000 SH   SOLE   25,000 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 926 112,228 SH   SOLE   112,228 0 0
PEOPLES BANCORP N C INC COM 710577107 471 15,669 SH   SOLE   15,669 0 0
PRIORITY TECHNOLOGY HLDGS IN COM 74275G107 1,691 215,469 SH   SOLE   215,469 0 0
PROASSURANCE CORP COM 74267C106 3,611 100,000 SH   SOLE   100,000 0 0
RE MAX HLDGS INC CL A 75524W108 7,998 260,000 SH   SOLE   260,000 0 0
REALPAGE INC COM 75606N109 8,458 143,727 SH   SOLE   143,727 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 722 68,786 SH   SOLE   68,786 0 0
SALISBURY BANCORP INC COM 795226109 162 4,165 SH   SOLE   4,165 0 0
SVB FINL GROUP COM 78486Q101 8,867 39,483 SH   SOLE   39,483 0 0
SYNOVUS FINL CORP COM NEW 87161C501 12,285 351,000 SH   SOLE   351,000 0 0
THUNDER BRIDGE ACQUISITION L SHS CLASS A G8857R100 5,215 500,000 SH   SOLE   500,000 0 0
TOTAL SYS SVCS INC COM 891906109 4,448 34,673 SH   SOLE   34,673 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 7,430 1,000,000 SH   SOLE   1,000,000 0 0
VICI PPTYS INC COM 925652109 6,634 301,000 SH   SOLE   301,000 0 0
WALKER & DUNLOP INC COM 93148P102 8,248 155,000 SH   SOLE   155,000 0 0
WESTERN ALLIANCE BANCORP COM 957638109 7,566 169,188 SH   SOLE   169,188 0 0
WILLIS TOWERS WATSON PUB LTD SHS G96629103 6,704 35,000 SH   SOLE   35,000 0 0
WINTRUST FINL CORP COM 97650W108 9,145 125,000 SH   SOLE   125,000 0 0
WORLDPAY INC CL A 981558109 5,882 48,000 SH   SOLE   48,000 0 0