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
ALLSTATE CORP COM 020002101 1,304 12,000 SH Put SOLE   0 0 12,000
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 500 31,194 SH   OTR 34 0 0 31,194
AMALGAMATED BK NEW YORK N Y CLASS A 022663108 10,295 642,630 SH   SOLE   0 0 642,630
AMERICAN INTL GROUP INC COM NEW 026874784 1,003 18,000 SH Put SOLE   0 0 18,000
AMERIS BANCORP COM 03076K108 799 19,854 SH   OTR 34 0 0 19,854
AMERIS BANCORP COM 03076K108 41,105 1,021,488 SH   SOLE   0 0 1,021,488
BANC OF CALIFORNIA INC COM 05990K106 2,564 181,314 SH   SOLE   0 0 181,314
BANCORP 34 INC COM 05970V106 1,078 73,218 SH   OTR 34 0 0 73,218
BANK AMER CORP COM 060505104 5,834 200,000 SH   SOLE   0 0 200,000
BANK NEW YORK MELLON CORP COM 064058100 1,628 36,000 SH Put SOLE   0 0 36,000
BANK7 CORP COM 06652N107 1,214 64,584 SH   OTR 34 0 0 64,584
BANK7 CORP COM 06652N107 5,797 308,328 SH   SOLE   0 0 308,328
BAYCOM CORP COM 07272M107 5,411 238,247 SH   SOLE   0 0 238,247
BAYCOM CORP COM 07272M107 623 27,447 SH   OTR 34 0 0 27,447
BLACKSTONE GROUP INC COM CL A 09260D107 5,274 108,000 SH Put SOLE   0 0 108,000
BYLINE BANCORP INC COM 124411109 12,234 684,221 SH   SOLE   0 0 684,221
CAROLINA FINL CORP NEW COM 143873107 21,324 600,000 SH   SOLE   0 0 600,000
CAROLINA TR BANCSHARES INC COM 14422p105 1,570 149,678 SH   SOLE   0 0 149,678
CBTX INC COM 12481V104 774 27,771 SH   OTR 34 0 0 27,771
CBTX INC COM 12481V104 2,485 89,121 SH   SOLE   0 0 89,121
CHUBB LIMITED COM h1467j104 969 6,000 SH Put SOLE   0 0 6,000
CIVISTA BANCSHARES INC COM NO PAR 178867107 853 39,256 SH   OTR 34 0 0 39,256
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,957 90,060 SH   SOLE   0 0 90,060
COMMUNITY BANKERS TR CORP COM 203612106 447 51,958 SH   OTR 34 0 0 51,958
COWEN INC CL A NEW 223622606 2,886 187,501 SH   SOLE   0 0 187,501
CROSSFIRST BANKSHARES INC COM 22766M109 650 45,460 SH   OTR 34 0 0 45,460
CROSSFIRST BANKSHARES INC COM 22766M109 5,065 354,100 SH   SOLE   0 0 354,100
EQUITY BANCSHARES INC COM CL A 29460X109 1,052 39,235 SH   OTR 34 0 0 39,235
EQUITY BANCSHARES INC COM CL A 29460X109 24,519 914,532 SH   SOLE   0 0 914,532
ESQUIRE FINL HLDGS INC COM 29667J101 717 28,894 SH   OTR 34 0 0 28,894
ESQUIRE FINL HLDGS INC COM 29667J101 48 1,937 SH   SOLE   0 0 1,937
EVANS BANCORP INC COM NEW 29911Q208 3,390 90,644 SH   SOLE   0 0 90,644
FAR PT ACQUISITION CORP UNIT 06/01/2025 30734W208 14,525 1,358,705 SH   SOLE   0 0 1,358,705
FB FINL CORP COM 30257x104 47,006 1,251,834 SH   SOLE   0 0 1,251,834
FIRST BANCORP N C COM 318910106 17,014 473,928 SH   SOLE   0 0 473,928
FIRST BANCORP N C COM 318910106 392 10,913 SH   OTR 34 0 0 10,913
FIRST BANCSHARES INC MS COM 318916103 497 15,396 SH   OTR 34 0 0 15,396
FIRST BANCSHARES INC MS COM 318916103 15,052 466,015 SH   SOLE   0 0 466,015
FIRST FNDTN INC COM 32026V104 8,523 557,969 SH   SOLE   0 0 557,969
FIRST WESTN FINL INC COM 33751L105 633 37,017 SH   OTR 34 0 0 37,017
FSB BANCORP INC COM 30289C102 217 12,668 SH   OTR 34 0 0 12,668
GUARANTY BANCSHARES INC TEX COM 400764106 426 13,911 SH   OTR 34 0 0 13,911
HOWARD BANCORP INC COM 442496105 470 28,178 SH   OTR 34 0 0 28,178
HOWARD BANCORP INC COM 442496105 12,166 728,947 SH   SOLE   0 0 728,947
IBERIABANK CORP COM 450828108 3,022 40,000 SH   SOLE   0 0 40,000
INDEPENDENT BK GROUP INC COM 45384b106 16,030 304,695 SH   SOLE   0 0 304,695
INVESTAR HLDG CORP COM 46134L105 4,760 200,000 SH   SOLE   0 0 200,000
ISHARES TR IBOXX HI YD ETF 464288513 4,184 48,000 SH Put SOLE   0 0 48,000
ISHARES TR MSCI EMG MKT ETF 464287234 3,433 84,000 SH Put SOLE   0 0 84,000
ISHARES TR RUSSELL 2000 ETF 464287655 23,609 156,000 SH Put SOLE   0 0 156,000
JPMORGAN CHASE & CO COM 46625h100 1,412 12,000 SH Put SOLE   0 0 12,000
KEYCORP NEW COM 493267108 1,070 60,000 SH   SOLE   0 0 60,000
KKR & CO INC CL A 48251w104 1,611 60,000 SH Put SOLE   0 0 60,000
LIVE OAK BANCSHARES INC COM 53803x105 23,814 1,315,717 SH   SOLE   0 0 1,315,717
LUTHER BURBANK CORP COM 550550107 2,743 242,063 SH   SOLE   0 0 242,063
LUTHER BURBANK CORP COM 550550107 114 10,044 SH   OTR 34 0 0 10,044
MANNING & NAPIER INC CL A 56382q102 1,605 853,878 SH   SOLE   0 0 853,878
MORGAN STANLEY COM NEW 617446448 2,133 50,000 SH   SOLE   0 0 50,000
OLD LINE BANCSHARES INC COM 67984m100 13,424 462,748 SH   SOLE   0 0 462,748
OPORTUN FINL CORP COM 68376D104 2,218 136,725 SH   SOLE   0 0 136,725
ORIGIN BANCORP INC COM 68621T102 327 9,680 SH   OTR 34 0 0 9,680
ORIGIN BANCORP INC COM 68621T102 18,314 542,809 SH   SOLE   0 0 542,809
PINNACLE FINL PARTNERS INC COM 72346q104 8,779 154,700 SH   SOLE   0 0 154,700
PNC FINL SVCS GROUP INC COM 693475105 1,682 12,000 SH Put SOLE   0 0 12,000
PROGRESSIVE CORP OHIO COM 743315103 1,854 24,000 SH Put SOLE   0 0 24,000
RED RIVER BANCSHARES INC COM 75686R202 927 21,365 SH   OTR 34 0 0 21,365
SEACOAST BKG CORP FLA COM NEW 811707801 5,979 236,227 SH   SOLE   0 0 236,227
SELECT BANCORP INC NEW COM 81617L108 413 35,580 SH   SOLE   0 0 35,580
SELECT BANCORP INC NEW COM 81617L108 1,025 88,387 SH   OTR 34 0 0 88,387
SELECT SECTOR SPDR TR SBI INT-FINL 81369y605 5,040 180,000 SH Put SOLE   0 0 180,000
SILVERCREST ASSET MGMT GROUP CL A 828359109 2,374 193,023 SH   SOLE   0 0 193,023
SOUTH PLAINS FINANCIAL INC COM 83946P107 444 27,224 SH   OTR 34 0 0 27,224
SOUTH PLAINS FINANCIAL INC COM 83946P107 3,657 224,357 SH   SOLE   0 0 224,357
SOUTHERN FIRST BANCSHARES IN COM 842873101 5,838 146,504 SH   SOLE   0 0 146,504
SPDR S&P 500 ETF TR TR UNIT 78462f103 53,419 180,000 SH Put SOLE   0 0 180,000
SPDR SERIES TRUST S&P BK ETF 78464a797 5,180 120,000 SH Put SOLE   0 0 120,000
SPDR SERIES TRUST S&P REGL BKG 78464a698 12,669 240,000 SH Put SOLE   0 0 240,000
SPIRIT OF TEX BANCSHARES INC COM 84861D103 1,588 73,702 SH   OTR 34 0 0 73,702
SPIRIT OF TEX BANCSHARES INC COM 84861D103 9,280 430,637 SH   SOLE   0 0 430,637
STERLING BANCORP DEL COM 85917a100 2,006 100,000 SH   SOLE   0 0 100,000
TD AMERITRADE HLDG CORP COM 87236y108 1,681 36,000 SH Put SOLE   0 0 36,000
THE CHARLES SCHWAB CORPORATI COM 808513105 1,004 24,000 SH Put SOLE   0 0 24,000
TRIUMPH BANCORP INC COM 89679E300 363 11,374 SH   OTR 34 0 0 11,374
TRIUMPH BANCORP INC COM 89679E300 11,506 360,818 SH   SOLE   0 0 360,818
UNITED CMNTY BKS BLAIRSVLE G COM 90984p303 1,935 68,241 SH   SOLE   0 0 68,241
US BANCORP DEL COM NEW 902973304 1,328 24,000 SH Put SOLE   0 0 24,000
VERITEX HLDGS INC COM 923451108 386 15,890 SH   OTR 34 0 0 15,890
VERITEX HLDGS INC COM 923451108 43,583 1,796,143 SH   SOLE   0 0 1,796,143
VICTORY CAP HLDGS INC COM CL A 92645B103 538 35,000 SH   SOLE   0 0 35,000
WELLS FARGO CO NEW COM 949746101 2,422 48,000 SH Put SOLE   0 0 48,000