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 54,001 878,491 SH   SOLE   878,491 0 0
AIR LEASE CORP CL A 00912X302 38,277 805,501 SH   SOLE   805,501 0 0
ALLY FINL INC COM 02005N100 40,788 1,334,680 SH   SOLE   1,334,680 0 0
AMERICAN RIVER BANKSHARES COM 029326105 7,589 510,340 SH   SOLE   510,340 0 0
AMERIPRISE FINL INC COM 03076C106 3,940 23,650 SH   SOLE   23,650 0 0
APPLE INC COM 037833100 4,492 15,296 SH   SOLE   15,296 0 0
AXOS FINL INC COM 05465C100 14,562 480,899 SH   SOLE   480,899 0 0
BANK AMER CORP COM 060505104 40,969 1,163,234 SH   SOLE   1,163,234 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 6,370 417,155 SH   SOLE   417,155 0 0
BANNER CORP COM NEW 06652V208 982 17,349 SH   SOLE   17,349 0 0
BLACK KNIGHT INC COM 09215C105 6,607 102,472 SH   SOLE   102,472 0 0
BLACKROCK INC COM 09247X101 9,066 18,034 SH   SOLE   18,034 0 0
BRIDGE BANCORP INC COM 108035106 66,874 1,994,451 SH   SOLE   1,994,451 0 0
CAMDEN NATL CORP COM 133034108 11,409 247,699 SH   SOLE   247,699 0 0
CAPITAL ONE FINL CORP COM 14040H105 51,016 495,732 SH   SOLE   495,732 0 0
CAROLINA FINL CORP NEW COM 143873107 2,023 46,787 SH   SOLE   46,787 0 0
CENTURY CMNTYS INC COM 156504300 30,145 1,102,208 SH   SOLE   1,102,208 0 0
CHEMUNG FINL CORP COM 164024101 6,059 142,553 SH   SOLE   142,553 0 0
CITIGROUP INC COM NEW 172967424 21,849 273,489 SH   SOLE   273,489 0 0
CITIZENS FINL GROUP INC COM 174610105 18,736 461,353 SH   SOLE   461,353 0 0
COASTAL FINL CORP WA COM NEW 19046P209 1,335 81,066 SH   SOLE   81,066 0 0
COLUMBIA FINL INC COM 197641103 12 680 SH   SOLE   680 0 0
COMERICA INC COM 200340107 6,455 89,972 SH   SOLE   89,972 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 980 38,119 SH   SOLE   38,119 0 0
CUSTOMERS BANCORP INC COM 23204G100 10,126 425,302 SH   SOLE   425,302 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 5,329 91,132 SH   SOLE   91,132 0 0
DISCOVER FINL SVCS COM 254709108 19,568 230,699 SH   SOLE   230,699 0 0
EAGLE BANCORP INC MD COM 268948106 2,238 46,014 SH   SOLE   46,014 0 0
EAST WEST BANCORP INC COM 27579R104 18,806 386,163 SH   SOLE   386,163 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 9,363 359,165 SH   SOLE   359,165 0 0
EVERCORE INC CLASS A 29977A105 7,575 101,320 SH   SOLE   101,320 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 15,155 334,183 SH   SOLE   334,183 0 0
FIFTH THIRD BANCORP COM 316773100 2,877 93,607 SH   SOLE   93,607 0 0
FIRST AMERN FINL CORP COM 31847R102 7,836 134,358 SH   SOLE   134,358 0 0
FIRST BANCORP N C COM 318910106 4,920 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 3,223 117,193 SH   SOLE   117,193 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 7,998 15,028 SH   SOLE   15,028 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 8,721 228,008 SH   SOLE   228,008 0 0
FNB CORP PA COM 302520101 8,015 631,123 SH   SOLE   631,123 0 0
GARRETT MOTION INC COM 366505105 163 16,315 SH   SOLE   16,315 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,785 7,762 SH   SOLE   7,762 0 0
HERITAGE FINL CORP WASH COM 42722X106 6,530 230,738 SH   SOLE   230,738 0 0
HOME BANCSHARES INC COM 436893200 3,274 166,539 SH   SOLE   166,539 0 0
HONEYWELL INTL INC COM 438516106 28,878 163,150 SH   SOLE   163,150 0 0
INDEPENDENT BK GROUP INC COM 45384B106 6,659 120,114 SH   SOLE   120,114 0 0
J ALEXANDERS HLDGS INC COM 46609J106 184 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 69,968 501,920 SH   SOLE   501,920 0 0
KEYCORP NEW COM 493267108 5 263 SH   SOLE   263 0 0
KORN FERRY COM NEW 500643200 1,818 42,870 SH   SOLE   42,870 0 0
LAKELAND BANCORP INC COM 511637100 4,896 281,683 SH   SOLE   281,683 0 0
LAZARD LTD SHS A G54050102 6,596 165,054 SH   SOLE   165,054 0 0
LEAR CORP COM NEW 521865204 2,523 18,391 SH   SOLE   18,391 0 0
LENNAR CORP CL A 526057104 29,119 521,940 SH   SOLE   521,940 0 0
LUTHER BURBANK CORP COM 550550107 1,069 92,756 SH   SOLE   92,756 0 0
M & T BK CORP COM 55261F104 988 5,823 SH   SOLE   5,823 0 0
M/I HOMES INC COM 55305B101 6,739 171,262 SH   SOLE   171,262 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 15,637 711,435 SH   SOLE   711,435 0 0
MASCO CORP COM 574599106 8,377 174,565 SH   SOLE   174,565 0 0
MERCHANTS BANCORP IND COM 58844R108 8,061 408,973 SH   SOLE   408,973 0 0
MERIDIAN BK PAOLI PA COM 58958P104 10,427 516,433 SH   SOLE   516,433 0 0
METROPOLITAN BK HLDG CORP COM 591774104 21,190 439,345 SH   SOLE   439,345 0 0
MORGAN STANLEY COM NEW 617446448 17,699 346,216 SH   SOLE   346,216 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 7,062 321,141 SH   SOLE   321,141 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 10,904 186,688 SH   SOLE   186,688 0 0
OLD NATL BANCORP IND COM 680033107 10,099 552,157 SH   SOLE   552,157 0 0
ONEMAIN HLDGS INC COM 68268W103 79,144 1,877,676 SH   SOLE   1,877,676 0 0
OP BANCORP COM 67109R109 7,257 699,853 SH   SOLE   699,853 0 0
OWENS CORNING NEW COM 690742101 2,334 35,843 SH   SOLE   35,843 0 0
PACWEST BANCORP DEL COM 695263103 20,473 534,965 SH   SOLE   534,965 0 0
PARKE BANCORP INC COM 700885106 11,902 468,764 SH   SOLE   468,764 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 3,943 127,609 SH   SOLE   127,609 0 0
PENNYMAC FINL SVCS INC COM 70932M107 8,300 243,841 SH   SOLE   243,841 0 0
PEOPLES UTD FINL INC COM 712704105 1,914 113,228 SH   SOLE   113,228 0 0
PIONEER BANCORP INC COM 723561106 3,597 234,967 SH   SOLE   234,967 0 0
POPULAR INC COM NEW 733174700 1,703 28,994 SH   SOLE   28,994 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 10,052 167,283 SH   SOLE   167,283 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 87 1,496 SH Put SOLE   1,496 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 254 4,356 SH Put SOLE   4,356 0 0
RBB BANCORP COM 74930B105 6,579 310,766 SH   SOLE   310,766 0 0
REGIONAL MGMT CORP COM 75902K106 42,100 1,401,931 SH   SOLE   1,401,931 0 0
REGIONS FINL CORP NEW COM 7591EP100 15,627 910,656 SH   SOLE   910,656 0 0
RESIDEO TECHNOLOGIES INC COM 76118y104 324 27,192 SH   SOLE   27,192 0 0
RICHMOND MUT BANCORPORATIN I COM 76525P100 126 7,874 SH   SOLE   7,874 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 2,244 28,336 SH   SOLE   28,336 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1,683 12,609 SH   SOLE   12,609 0 0
SANDY SPRING BANCORP INC COM 800363103 784 20,707 SH   SOLE   20,707 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 15,375 112,549 SH   SOLE   112,549 0 0
SVB FINL GROUP COM 78486Q101 8,515 33,917 SH   SOLE   33,917 0 0
SOUTH ST CORP COM 840441109 4,593 52,946 SH   SOLE   52,946 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 7,703 471,156 SH   SOLE   471,156 0 0
STERLING BANCORP DEL COM 85917A100 53,748 2,549,708 SH   SOLE   2,549,708 0 0
SB ONE BANCORP COM 78413T103 10,140 406,897 SH   SOLE   406,897 0 0
SYNOVUS FINL CORP COM NEW 87161C501 9,957 254,012 SH   SOLE   254,012 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 27,958 1,278,966 SH   SOLE   1,278,966 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 8,533 150,306 SH   SOLE   150,306 0 0
TIMBERLAND BANCORP INC COM 887098101 861 28,947 SH   SOLE   28,947 0 0
TOLL BROTHERS INC COM 889478103 18,736 474,203 SH   SOLE   474,203 0 0
TRICO BANCSHARES COM 896095106 5,631 137,982 SH   SOLE   137,982 0 0
UNITED BANKSHARES INC WEST V COM 909907107 6,965 180,165 SH   SOLE   180,165 0 0
US BANCORP DEL COM NEW 902973304 68,306 1,152,064 SH   SOLE   1,152,064 0 0
VALLEY NATL BANCORP COM 919794107 742 64,821 SH   SOLE   64,821 0 0
VERITEX HLDGS INC COM 923451108 2,651 91,008 SH   SOLE   91,008 0 0
WELLS FARGO CO NEW COM 949746101 69,550 1,292,749 SH   SOLE   1,292,749 0 0
WESBANCO INC COM 950810101 8,433 223,161 SH   SOLE   223,161 0 0
WESTERN ALLIANCE BANCORP COM 957638109 7,998 140,324 SH   SOLE   140,324 0 0
LYON WILLIAM HOMES CL A NEW 552074700 3,078 154,034 SH   SOLE   154,034 0 0
WINTRUST FINL CORP COM 97650W108 6,362 89,732 SH   SOLE   89,732 0 0
ZIONS BANCORPORATION N A COM 989701107 10,588 203,924 SH   SOLE   203,924 0 0