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
1ST CONSTITUTION BANCORP COM 31986N102 2,454 197,901 SH   SOLE   197,901 0 0
AGNC INVT CORP COM 00123Q104 9,316 722,200 SH   SOLE   722,200 0 0
AMERIS BANCORP COM 03076K108 6,841 290,000 SH   SOLE   290,000 0 0
AXOS FINANCIAL INC COM 05465C100 6,567 297,397 SH   SOLE   297,397 0 0
BK OF AMERICA CORP COM 060505104 10,875 457,889 SH   SOLE   457,889 0 0
CADENCE BANCORPORATION CL A 12739A100 12,457 1,406,027 SH   SOLE   1,406,027 0 0
CAMBRIDGE BANCORP COM 132152109 6,846 115,571 SH   SOLE   115,571 0 0
CITIGROUP INC COM NEW 172967424 17,568 343,800 SH   SOLE   343,800 0 0
CITIZENS FINANCIAL GROUP INC COM 174610105 19,857 786,736 SH   SOLE   786,736 0 0
COMMUNITY BANKERS TR CORP COM 203612106 3,567 648,531 SH   SOLE   648,531 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 7,616 472,458 SH   SOLE   472,458 0 0
EAST WEST BANCORP INC COM 27579R104 9,697 267,565 SH   SOLE   267,565 0 0
F N B CORP COM 302520101 6,031 804,191 SH   SOLE   804,191 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 9,199 68,600 SH   SOLE   68,600 0 0
FIRST BANCORP P R COM NEW 318672706 6,011 1,075,321 SH   SOLE   1,075,321 0 0
FIRST BANCSHARES INC MS COM 318916103 10,399 462,198 SH   SOLE   462,198 0 0
FIRST INTERNET BK IND COM 320557101 13,324 801,683 SH   SOLE   801,683 0 0
FISERV INC COM 337738108 8,200 84,000 SH   SOLE   84,000 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 9,694 457,268 SH   SOLE   457,268 0 0
HOME BANCSHARES INC COM 436893200 7,419 482,400 SH   SOLE   482,400 0 0
INDEPENDENT BK GROUP INC COM 45384B106 17,371 428,696 SH   SOLE   428,696 0 0
INVESTAR HLDG CORP COM 46134L105 7,006 483,175 SH   SOLE   483,175 0 0
KEYCORP COM 493267108 10,486 860,900 SH   SOLE   860,900 0 0
LAKELAND FINL CORP COM 511656100 3,252 69,791 SH   SOLE   69,791 0 0
MACKINAC FINL CORP COM 554571109 908 87,516 SH   SOLE   87,516 0 0
OLD SECOND BANCORP INC ILL COM 680277100 3,795 487,771 SH   SOLE   487,771 0 0
OP BANCORP COM 67109R109 2,614 378,883 SH   SOLE   378,883 0 0
PACIFIC PREMIER BANCORP COM 69478X105 17,888 825,101 SH   SOLE   825,101 0 0
PAYPAL HLDGS INC COM 70450Y103 20,995 120,500 SH   SOLE   120,500 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 5,610 133,599 SH   SOLE   133,599 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 7,739 180,602 SH   SOLE   180,602 0 0
PROSPERITY BANCSHARES INC COM 743606105 9,566 161,100 SH   SOLE   161,100 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 12,329 1,108,682 SH   SOLE   1,108,682 0 0
SB FINL GROUP INC COM 78408D105 2,347 141,201 SH   SOLE   141,201 0 0
SOUTH ST CORP COM 840441109 4,179 87,690 SH   SOLE   87,690 0 0
SVB FINANCIAL GROUP COM 78486Q101 17,930 83,188 SH   SOLE   83,188 0 0
SYNOVUS FINL CORP COM NEW 87161C501 6,236 303,735 SH   SOLE   303,735 0 0
TCF FINANCIAL CORPORATION NE COM 872307103 16,020 544,543 SH   SOLE   544,543 0 0
TFS FINL CORP COM 87240R107 10,349 723,202 SH   SOLE   723,202 0 0
TRUIST FINL CORP COM 89832Q109 17,784 473,600 SH   SOLE   473,600 0 0
US BANCORP DEL COM NEW 902973304 14,794 401,800 SH   SOLE   401,800 0 0
VERITEX HLDGS INC COM 923451108 8,543 482,676 SH   SOLE   482,676 0 0
WESTERN ALLIANCE BANCORP COM 957638109 19,174 506,300 SH   SOLE   506,300 0 0
ZIONS BANCORPORATION N A COM 989701107 12,486 367,229 SH   SOLE   367,229 0 0