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 2,619 148,701 SH   SOLE   148,701 0 0
AGNC INVT CORP COM 00123Q104 1,348 80,400 SH   SOLE   80,400 0 0
AMERIS BANCORP COM 03076K108 15,033 286,289 SH   SOLE   286,289 0 0
AXOS FINANCIAL INC COM 05465C100 9,759 207,592 SH   SOLE   207,592 0 0
BK OF AMERICA CORP COM 060505104 31,915 824,889 SH   SOLE   824,889 0 0
CADENCE BANCORPORATION CLA 12739A100 26,394 1,273,227 SH   SOLE   1,273,227 0 0
CAMBRIDGE BANCORP COM 132152109 8,782 104,148 SH   SOLE   104,148 0 0
CAPITAL BANCORP INC MD COM 139737100 2,196 113,857 SH   SOLE   113,857 0 0
CITIZENS FINANCIAL GROUP INC COM 174610105 18,840 426,736 SH   SOLE   426,736 0 0
COMMUNITY BANKERS TR CORP COM 203612106 5,747 651,631 SH   SOLE   651,631 0 0
DISCOVER FINL SVCS COM 254709108 29,912 314,900 SH   SOLE   314,900 0 0
EAST WEST BANCORP INC COM 27579R104 15,783 213,865 SH   SOLE   213,865 0 0
F N B CORP COM 302520101 10,261 807,991 SH   SOLE   807,991 0 0
FIRST BANCORP P R COM NEW 318672706 21,114 1,875,099 SH   SOLE   1,875,099 0 0
FIRST BANCSHARES INC MS COM 318916103 18,279 499,298 SH   SOLE   499,298 0 0
FIRST INTERNET BANCORP COM 320557101 23,118 656,195 SH   SOLE   656,195 0 0
FISERV INC COM 337738108 26,415 221,900 SH   SOLE   221,900 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 30,448 724,786 SH   SOLE   724,786 0 0
HANMI FINL CORP COM NEW 410495204 8,033 407,150 SH   SOLE   407,150 0 0
HERITAGE COMM CORP COM 426927109 6,631 542,661 SH   SOLE   542,661 0 0
HOME BANCSHARES INC COM 436893200 13,111 484,700 SH   SOLE   484,700 0 0
INDEPENDENT BK GROUP INC COM 45384B106 30,283 419,199 SH   SOLE   419,199 0 0
INVESTAR HLDG CORP COM 46134L105 9,977 485,475 SH   SOLE   485,475 0 0
OLD SECOND BANCORP INC ILL COM 680277100 6,474 490,071 SH   SOLE   490,071 0 0
OP BANCORP COM 67109R109 3,932 373,796 SH   SOLE   373,796 0 0
PACIFIC PREMIER BANCORP COM 69478X105 32,112 739,216 SH   SOLE   739,216 0 0
PACWEST BANCORP DEL COM 695263103 37,129 973,244 SH   SOLE   973,244 0 0
PAYPAL HLDGS INC COM 70450Y103 13,842 57,000 SH   SOLE   57,000 0 0
PAYSAFE LIMITED ORD G6964L107 13,745 1,018,157 SH   SOLE   1,018,157 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 13,262 149,585 SH   SOLE   149,585 0 0
POPULAR INC COM NEW 733174700 17,907 254,652 SH   SOLE   254,652 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 16,932 265,897 SH   SOLE   265,897 0 0
PROSPERITY BANCSHARES INC COM 743606105 10,873 145,183 SH   SOLE   145,183 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 25,064 1,213,182 SH   SOLE   1,213,182 0 0
SOUTH ST CORP COM 840441109 12,781 162,790 SH   SOLE   162,790 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 7,986 170,342 SH   SOLE   170,342 0 0
SVB FINANCIAL GROUP COM 78486Q101 26,158 52,988 SH   SOLE   52,988 0 0
SYNCHRONY FINANCIAL COM 87165B103 34,093 838,500 SH   SOLE   838,500 0 0
SYNOVUS FINL CORP COM NEW 87161C501 9,397 205,390 SH   SOLE   205,390 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107 3,546 50,000 SH   SOLE   50,000 0 0
TRUIST FINL CORP COM 89832Q109 24,529 420,600 SH   SOLE   420,600 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 14,769 432,852 SH   SOLE   432,852 0 0
US BANCORP DEL COM NEW 902973304 31,637 572,000 SH   SOLE   572,000 0 0
VERITEX HLDGS INC COM 923451108 2,890 88,322 SH   SOLE   88,322 0 0
VISA INC COM CLA 92826C839 14,821 70,000 SH   SOLE   70,000 0 0
WESTERN ALLIANCE BANCORP COM 957638109 46,404 491,358 SH   SOLE   491,358 0 0
ZIONS BANCORPORATION N A COM 989701107 15,605 283,929 SH   SOLE   283,929 0 0