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 11,886 681,173 SH   SOLE   0 0 681,173
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 548 31,404 SH   OTR 34 0 0 31,404
AMERIS BANCORP COM 03076K108 778 19,854 SH   OTR 34 0 0 19,854
AMERIS BANCORP COM 03076K108 28,984 739,575 SH   SOLE   0 0 739,575
ATLANTIC CAP BANCSHARES INC COM 048269203 368 21,517 SH   OTR 34 0 0 21,517
ATLANTIC CAP BANCSHARES INC COM 048269203 16,779 980,084 SH   SOLE   0 0 980,084
BANC OF CALIFORNIA INC COM 05990K106 8,654 619,439 SH   SOLE   0 0 619,439
BANCORP 34 INC COM 05970V106 909 58,812 SH   OTR 34 0 0 58,812
BANK AMER CORP COM 060505104 5,800 200,000 SH   SOLE   0 0 200,000
BANK7 CORP COM 06652N107 1,252 67,715 SH   OTR 34 0 0 67,715
BANK7 CORP COM 06652N107 4,596 248,582 SH   SOLE   0 0 248,582
BAYCOM CORP COM 07272M107 3,740 170,769 SH   SOLE   0 0 170,769
BAYCOM CORP COM 07272M107 605 27,622 SH   OTR 34 0 0 27,622
BB&T CORP COM 054937107 2,014 41,000 SH Put SOLE   0 0 41,000
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 3,642 82,000 SH Put SOLE   0 0 82,000
BYLINE BANCORP INC COM 124411109 12,161 636,059 SH   SOLE   0 0 636,059
CADENCE BANCORPORATION CL A 12739a100 316 15,200 SH Call SOLE   0 0 15,200
CAROLINA FINL CORP NEW COM 143873107 22,368 637,438 SH   SOLE   0 0 637,438
CBTX INC COM 12481V104 796 28,303 SH   OTR 34 0 0 28,303
CBTX INC COM 12481V104 4,099 145,681 SH   SOLE   0 0 145,681
CITIGROUP INC COM NEW 172967424 2,871 41,000 SH Put SOLE   0 0 41,000
CIVISTA BANCSHARES INC COM NO PAR 178867107 4,412 196,545 SH   SOLE   0 0 196,545
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,216 54,144 SH   OTR 34 0 0 54,144
COMERICA INC COM 200340107 2,724 37,500 SH   SOLE   0 0 37,500
COMMUNITY BANKERS TR CORP COM 203612106 443 52,268 SH   OTR 34 0 0 52,268
COWEN INC CL A NEW 223622606 4,868 283,185 SH   SOLE   0 0 283,185
EQUITY BANCSHARES INC COM CL A 29460X109 1,053 39,510 SH   OTR 34 0 0 39,510
EQUITY BANCSHARES INC COM CL A 29460X109 24,381 914,532 SH   SOLE   0 0 914,532
ESQUIRE FINL HLDGS INC COM 29667J101 611 24,309 SH   OTR 34 0 0 24,309
ESQUIRE FINL HLDGS INC COM 29667J101 49 1,937 SH   SOLE   0 0 1,937
EVANS BANCORP INC COM NEW 29911Q208 3,420 90,644 SH   SOLE   0 0 90,644
FAR PT ACQUISITION CORP UNIT 06/01/2025 30734W208 14,940 1,378,850 SH   SOLE   0 0 1,378,850
FB FINL CORP COM 30257x104 55,267 1,510,038 SH   SOLE   0 0 1,510,038
FIDELITY SOUTHERN CORP NEW COM 316394105 26,256 847,786 SH   SOLE   0 0 847,786
FIRST BANCORP N C COM 318910106 400 10,988 SH   OTR 34 0 0 10,988
FIRST BANCORP N C COM 318910106 22,868 627,892 SH   SOLE   0 0 627,892
FIRST BANCSHARES INC MS COM 318916103 471 15,515 SH   OTR 34 0 0 15,515
FIRST BANCSHARES INC MS COM 318916103 16,104 530,776 SH   SOLE   0 0 530,776
FIRST FNDTN INC COM 32026V104 10,080 750,000 SH   SOLE   0 0 750,000
FIRST HORIZON NATL CORP COM 320517105 1,021 68,400 SH Call SOLE   0 0 68,400
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 246 6,223 SH   OTR 34 0 0 6,223
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 3,440 86,835 SH   SOLE   0 0 86,835
FIRST WESTN FINL INC COM 33751L105 448 33,763 SH   OTR 34 0 0 33,763
FSB BANCORP INC COM 30289C102 230 12,783 SH   OTR 34 0 0 12,783
GUARANTY BANCSHARES INC TEX COM 400764106 518 16,628 SH   OTR 34 0 0 16,628
HOWARD BANCORP INC COM 442496105 436 28,736 SH   OTR 34 0 0 28,736
HOWARD BANCORP INC COM 442496105 11,058 728,947 SH   SOLE   0 0 728,947
INDEPENDENT BK GROUP INC COM 45384b106 23,253 423,088 SH   SOLE   0 0 423,088
INVESTAR HLDG CORP COM 46134L105 5,787 242,652 SH   SOLE   0 0 242,652
INVESTORS BANCORP INC NEW COM 46146L101 1,059 95,000 SH   SOLE   0 0 95,000
ISHARES TR RUSSELL 2000 ETF 464287655 15,938 102,500 SH Put SOLE   0 0 102,500
JPMORGAN CHASE & CO COM 46625h100 2,292 20,500 SH Put SOLE   0 0 20,500
KEYCORP NEW COM 493267108 1,775 100,000 SH   SOLE   0 0 100,000
KKR & CO INC CL A 48251w104 1,036 41,000 SH Put SOLE   0 0 41,000
LIVE OAK BANCSHARES INC COM 53803x105 21,221 1,237,381 SH   SOLE   0 0 1,237,381
LUTHER BURBANK CORP COM 550550107 110 10,114 SH   OTR 34 0 0 10,114
LUTHER BURBANK CORP COM 550550107 2,929 268,963 SH   SOLE   0 0 268,963
MANNING & NAPIER INC CL A 56382q102 1,494 853,878 SH   SOLE   0 0 853,878
NEW YORK CMNTY BANCORP INC COM 649445103 681 68,400 SH Call SOLE   0 0 68,400
OLD LINE BANCSHARES INC COM 67984m100 20,250 761,010 SH   SOLE   0 0 761,010
ORIGIN BANCORP INC COM 68621T102 18,716 567,162 SH   SOLE   0 0 567,162
PEAPACK-GLADSTONE FINL CORP COM 704699107 925 32,892 SH   SOLE   0 0 32,892
PINNACLE FINL PARTNERS INC COM 72346q104 10,383 180,631 SH   SOLE   0 0 180,631
PNC FINL SVCS GROUP INC COM 693475105 2,814 20,500 SH Put SOLE   0 0 20,500
RED RIVER BANCSHARES INC COM 75686R202 1,043 21,520 SH   OTR 34 0 0 21,520
SEACOAST BKG CORP FLA COM NEW 811707801 6,646 261,227 SH   SOLE   0 0 261,227
SELECT BANCORP INC NEW COM 81617L108 1,033 90,302 SH   OTR 34 0 0 90,302
SELECT BANCORP INC NEW COM 81617L108 407 35,580 SH   SOLE   0 0 35,580
SELECT SECTOR SPDR TR SBI INT-FINL 81369y605 6,412 232,300 SH Put SOLE   0 0 232,300
SILVERCREST ASSET MGMT GROUP CL A 828359109 6,336 451,618 SH   SOLE   0 0 451,618
SOUTH PLAINS FINANCIAL INC COM 83946P107 457 27,719 SH   OTR 34 0 0 27,719
SOUTH PLAINS FINANCIAL INC COM 83946P107 3,702 224,357 SH   SOLE   0 0 224,357
SOUTHERN FIRST BANCSHARES IN COM 842873101 10,455 266,987 SH   SOLE   0 0 266,987
SPDR S&P 500 ETF TR TR UNIT 78462F103 14,005 47,800 SH Put SOLE   0 0 47,800
SPDR SERIES TRUST S&P REGL BKG 78464a698 12,412 232,300 SH Put SOLE   0 0 232,300
SPIRIT OF TEX BANCSHARES INC COM 84861D103 580 25,785 SH   OTR 34 0 0 25,785
TRIUMPH BANCORP INC COM 89679E300 29,495 1,015,309 SH   SOLE   0 0 1,015,309
TRIUMPH BANCORP INC COM 89679E300 339 11,673 SH   OTR 34 0 0 11,673
UNITED CMNTY BKS BLAIRSVLE G COM 90984p303 2,941 102,959 SH   SOLE   0 0 102,959
UNITED FINL BANCORP INC NEW COM 910304104 384 27,112 SH   OTR 34 0 0 27,112
UNITED FINL BANCORP INC NEW COM 910304104 12,722 897,205 SH   SOLE   0 0 897,205
UNUM GROUP COM 91529Y106 839 25,000 SH   SOLE   0 0 25,000
US BANCORP DEL COM NEW 902973304 2,148 41,000 SH Put SOLE   0 0 41,000
VERITEX HLDGS INC COM 923451108 48 1,858 SH   OTR 34 0 0 1,858
VERITEX HLDGS INC COM 923451108 52,982 2,041,680 SH   SOLE   0 0 2,041,680
WELLS FARGO CO NEW COM 949746101 1,940 41,000 SH Put SOLE   0 0 41,000