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 1,057 60,000 SH   SOLE   60,000 0 0
1ST SOURCE CORP COM 336901103 1,903 40,000 SH   SOLE   40,000 0 0
AFFIRM HLDGS INC COM CL A 00827B106 1,768 25,000 SH   SOLE   25,000 0 0
ALTABANCORP COM 021347109 1,682 40,000 SH   SOLE   40,000 0 0
AMERICAN RIV BANKSHARES COM 029326105 4,852 297,500 SH   SOLE   297,500 0 0
AMERIPRISE FINL INC COM 03076C106 2,906 12,501 SH   SOLE   12,501 0 0
AMERIS BANCORP COM 03076K108 11,397 217,045 SH   SOLE   217,045 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101 2,802 50,000 SH   SOLE   50,000 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 1 20 SH   SOLE   20 0 0
BANC OF CALIFORNIA INC COM 05990K106 4,565 252,500 SH   SOLE   252,500 0 0
Bancorp 34, Inc. Not 13-F Security 05970V106 114 9,474 SH   SOLE   9,474 0 0
BANK NEW YORK MELLON CORP COM 064058100 473 10,000 SH   SOLE   10,000 0 0
BANK OF THE JAMES FINL GP IN COM 470299108 1,691 118,400 SH   SOLE   118,400 0 0
BANK7 CORP COM 06652N107 440 25,000 SH   SOLE   25,000 0 0
BLACKROCK INC COM 09247X101 6,409 8,500 SH   SOLE   8,500 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105 6,582 300,000 SH   SOLE   300,000 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 3,128 193,701 SH   SOLE   193,701 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 10,908 535,210 SH   SOLE   535,210 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 3,977 265,130 SH   SOLE   265,130 0 0
BYLINE BANCORP INC COM 124411109 1,163 55,000 SH   SOLE   55,000 0 0
CADENCE BANCORPORATION CL A 12739A100 3,214 155,020 SH   SOLE   155,020 0 0
CAMBRIDGE BANCORP COM 132152109 8,433 100,009 SH   SOLE   100,009 0 0
CAMDEN NATL CORP COM 133034108 957 20,000 SH   SOLE   20,000 0 0
CAPITAL BANCORP INC MD COM 139737100 2,218 115,000 SH   SOLE   115,000 0 0
CARLYLE GROUP INC COM 14316J108 7,315 199,000 SH   SOLE   199,000 0 0
CENTURY BANCORPORATION INC CL A NON VTG 156432106 7,066 75,721 SH   SOLE   75,721 0 0
CITIGROUP INC COM NEW 172967424 17,827 245,040 SH   SOLE   245,040 0 0
CITIZENS & NORTHN CORP COM 172922106 1,308 55,000 SH   SOLE   55,000 0 0
CITIZENS FINANCIAL GROUP INC COM 174610105 2,428 55,005 SH   SOLE   55,005 0 0
Citizens Financial Services, Inc. Not 13-F Security 174615104 1,560 26,149 SH   SOLE   26,149 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 9,750 425,000 SH   SOLE   425,000 0 0
CNB FINL CORP PA COM 126128107 3,199 130,000 SH   SOLE   130,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 1,450 55,300 SH   SOLE   55,300 0 0
CODORUS VY BANCORP INC COM 192025104 3,255 176,805 SH   SOLE   176,805 0 0
Communities First Financial Corporation Not 13-F Security 20344D104 3,153 76,900 SH   SOLE   76,900 0 0
COMMUNITY BANKERS TR CORP COM 203612106 7,543 855,200 SH   SOLE   855,200 0 0
CULLEN FROST BANKERS INC COM 229899109 1 10 SH   SOLE   10 0 0
CVB FINL CORP COM 126600105 4,639 210,025 SH   SOLE   210,025 0 0
DIME CMNTY BANCSHARES INC COM 25432X102 2,872 95,300 SH   SOLE   95,300 0 0
EAGLE BANCORP MONT INC COM 26942G100 5,281 217,145 SH   SOLE   217,145 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 2,205 67,804 SH   SOLE   67,804 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 7,170 145,015 SH   SOLE   145,015 0 0
Equitable Financial Corp. Not 13-F Security 29448T105 3,453 283,000 SH   SOLE   283,000 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 1,506 66,043 SH   SOLE   66,043 0 0
ESSA BANCORP INC COM 29667D104 7,920 495,000 SH   SOLE   495,000 0 0
Eureka Homestead Bancorp, Inc. Not 13-F Security 298544107 1,346 100,000 SH   SOLE   100,000 0 0
FARMERS NATIONAL BANC CORP COM 309627107 7,959 476,576 SH   SOLE   476,576 0 0
FFBW INC MD COM 30260M103 4,118 366,062 SH   SOLE   366,062 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 2,461 17,504 SH   SOLE   17,504 0 0
FIFTH THIRD BANCORP COM 316773100 9,364 250,030 SH   SOLE   250,030 0 0
FINTECH ACQUISITION CORP IV CL A 31810N104 6,652 595,000 SH   SOLE   595,000 0 0
FINTECH ACQUISITION CORP IV *W EXP 12/31/202 31810N112 529 365,000 SH   SOLE   365,000 0 0
FIRST BANCSHARES INC MS COM 318916103 5,492 150,000 SH   SOLE   150,000 0 0
FIRST CMNTY CORP S C COM 319835104 1,968 98,656 SH   SOLE   98,656 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 1,547 1,851 SH   SOLE   1,851 0 0
FIRST FINL BANCORP OH COM 320209109 1,920 80,000 SH   SOLE   80,000 0 0
FIRST HORIZON CORPORATION COM 320517105 6,004 355,085 SH   SOLE   355,085 0 0
First IC Corporation Not 13-F Security 32058J102 503 83,853 SH   SOLE   83,853 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 10,543 240,000 SH   SOLE   240,000 0 0
FISERV INC COM 337738108 596 5,004 SH   SOLE   5,004 0 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106 3,024 400,000 SH   SOLE   400,000 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 2,016 44,710 SH   SOLE   44,710 0 0
FLUSHING FINL CORP COM 343873105 637 30,000 SH   SOLE   30,000 0 0
FORESTAR GROUP INC COM 346232101 9,523 409,073 SH   SOLE   409,073 0 0
FUSION ACQUISITION CORP CL A 36118H105 1,544 155,030 SH   SOLE   155,030 0 0
FUSION ACQUISITION CORP *W EXP 06/01/202 36118H113 157 135,000 SH   SOLE   135,000 0 0
FVCBANKCORP INC COM 36120Q101 424 24,500 SH   SOLE   24,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 17,170 52,509 SH   SOLE   52,509 0 0
GREAT WESTERN BANCORP INC COM 391416104 454 15,000 SH   SOLE   15,000 0 0
GREAT WESTN NATL BK PORTLAND COM 695263103 10,377 272,010 SH   SOLE   272,010 0 0
GUARANTY BANCSHARES INC TEX COM 400764106 5,011 136,355 SH   SOLE   136,355 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 7,059 524,049 SH   SOLE   524,049 0 0
HERITAGE COMM CORP COM 426927109 2,016 165,010 SH   SOLE   165,010 0 0
Heritage Nola Bancorp, Inc. Not 13-F Security 42727P108 1,204 89,180 SH   SOLE   89,180 0 0
HMN FINL INC COM 40424G108 1,454 72,292 SH   SOLE   72,292 0 0
HOME BANCORP INC COM 43689E107 3,115 86,418 SH   SOLE   86,418 0 0
HOME BANCSHARES INC COM 436893200 7,963 294,390 SH   SOLE   294,390 0 0
HOMETRUST BANCSHARES INC COM 437872104 13,102 538,060 SH   SOLE   538,060 0 0
HORIZON BANCORP INC COM 440407104 10,313 555,075 SH   SOLE   555,075 0 0
HOWARD BANCORP INC COM 442496105 1,148 69,800 SH   SOLE   69,800 0 0
HOWARD HUGHES CORP COM 44267D107 1,265 13,300 SH   SOLE   13,300 0 0
HUNTINGTON BANCSHARES INC COM 446150104 1,730 110,050 SH   SOLE   110,050 0 0
IF BANCORP INC COM 44951J105 6,736 313,000 SH   SOLE   313,000 0 0
INDEPENDENT BK CORP MICH COM NEW 453838609 10,993 465,035 SH   SOLE   465,035 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 9,750 210,035 SH   SOLE   210,035 0 0
INVESCO LTD SHS G491BT108 1,765 70,000 SH   SOLE   70,000 0 0
INVESTAR HLDG CORP COM 46134L105 13,143 639,555 SH   SOLE   639,555 0 0
INVESTORS BANCORP INC NEW COM 46146L101 1,470 100,100 SH   SOLE   100,100 0 0
JPMORGAN CHASE & CO COM 46625H100 2,269 14,906 SH   SOLE   14,906 0 0
KEARNY FINL CORP MD COM 48716P108 1,028 85,085 SH   SOLE   85,085 0 0
KEYCORP COM 493267108 5,096 255,042 SH   SOLE   255,042 0 0
KKR & CO INC COM 48251W104 9,526 195,000 SH   SOLE   195,000 0 0
LAKELAND BANCORP INC COM 511637100 17,607 1,010,136 SH   SOLE   1,010,136 0 0
LENNAR CORP CL B 526057302 28,000 340,058 SH   SOLE   340,058 0 0
LUTHER BURBANK CORP COM 550550107 7,909 668,534 SH   SOLE   668,534 0 0
M & T BK CORP COM 55261F104 8,339 55,004 SH   SOLE   55,004 0 0
MALVERN BANCORP INC COM 561409103 1,760 94,532 SH   SOLE   94,532 0 0
MASTERCARD INCORPORATED CL A 57636Q104 1,247 3,501 SH   SOLE   3,501 0 0
MERCHANTS BANCORP IND COM 58844R108 4,196 100,045 SH   SOLE   100,045 0 0
MERIDIAN BANCORP INC MD COM 58958U103 5,988 325,090 SH   SOLE   325,090 0 0
META FINL GROUP INC COM 59100U108 7,274 160,530 SH   SOLE   160,530 0 0
MID-SOUTHERN BANCORP INC COM 59548Q107 1,936 127,387 SH   SOLE   127,387 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 929 30,000 SH   SOLE   30,000 0 0
MORGAN STANLEY COM NEW 617446448 14,368 185,015 SH   SOLE   185,015 0 0
NATIONAL BK HLDGS CORP CL A 633707104 3,969 100,035 SH   SOLE   100,035 0 0
NBT BANCORP INC COM 628778102 799 20,025 SH   SOLE   20,025 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 1,451 115,010 SH   SOLE   115,010 0 0
NICOLET BANKSHARES INC COM 65406E102 6,885 82,500 SH   SOLE   82,500 0 0
OLD NATL BANCORP IND COM 680033107 4,546 235,035 SH   SOLE   235,035 0 0
OP BANCORP COM 67109R109 1,341 127,500 SH   SOLE   127,500 0 0
ORRSTOWN FINL SVCS INC COM 687380105 5,177 232,158 SH   SOLE   232,158 0 0
Ottawa Bancorp Inc. Not 13-F Security 689195105 3,084 206,973 SH   SOLE   206,973 0 0
PACIFIC PREMIER BANCORP COM 69478X105 3,693 85,020 SH   SOLE   85,020 0 0
PAYPAL HLDGS INC COM 70450Y103 3,644 15,005 SH   SOLE   15,005 0 0
PCB BANCORP COM 69320M109 225 15,000 SH   SOLE   15,000 0 0
PEOPLES BANCORP N C INC COM 710577107 910 38,500 SH   SOLE   38,500 0 0
PIPER SANDLER COMPANIES COM 724078100 2,741 25,000 SH   SOLE   25,000 0 0
PJT PARTNERS INC COM CL A 69343T107 3,383 50,000 SH   SOLE   50,000 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 7,325 115,030 SH   SOLE   115,030 0 0
PREMIER FINANCIAL CORP COM 74052F108 11,622 349,430 SH   SOLE   349,430 0 0
PRIMERICA INC COM 74164M108 1,833 12,400 SH   SOLE   12,400 0 0
PRIMIS FINANCIAL CORP COM 74167B109 5,307 365,000 SH   SOLE   365,000 0 0
PROVIDENT BANCORP INC COM NEW 74383L105 3,744 260,000 SH   SOLE   260,000 0 0
PROVIDENT FINL HLDGS INC COM 743868101 3,253 192,500 SH   SOLE   192,500 0 0
PRUDENTIAL BANCORP INC NEW COM 74431A101 1,976 133,900 SH   SOLE   133,900 0 0
PSB Holdings, Inc. Not 13-F Security 69360N108 2,000 79,200 SH   SOLE   79,200 0 0
QCR HOLDINGS INC COM 74727A104 18,891 400,070 SH   SOLE   400,070 0 0
QNB Corporation Not 13-F Security 74726N107 6,532 190,000 SH   SOLE   190,000 0 0
Quaint Oak Bancorp, Inc. Not 13-F Security 74732T106 670 40,000 SH   SOLE   40,000 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 4,650 225,075 SH   SOLE   225,075 0 0
RHINEBECK BANCORP INC COM 762093102 1,132 109,411 SH   SOLE   109,411 0 0
SANDY SPRING BANCORP INC COM 800363103 4,779 110,040 SH   SOLE   110,040 0 0
SHORE BANCSHARES INC COM 825107105 851 50,000 SH   SOLE   50,000 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 5,201 23,005 SH   SOLE   23,005 0 0
SOUND FINL BANCORP INC COM 83607A100 1,090 26,173 SH   SOLE   26,173 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 6,055 266,500 SH   SOLE   266,500 0 0
SOUTH ST CORP COM 840441109 6,281 80,000 SH   SOLE   80,000 0 0
SouthCrest Financial Group, Inc. Not 13-F Security 84129X107 53 5,024 SH   SOLE   5,024 0 0
SOUTHERN MO BANCORP INC COM 843380106 1,037 26,300 SH   SOLE   26,300 0 0
SQUARE INC CL A 852234103 3,860 17,000 SH   SOLE   17,000 0 0
STERLING BANCORP DEL COM 85917A100 10,015 435,075 SH   SOLE   435,075 0 0
Sugar Creek Financial Corporation Not 13-F Security 86481Y102 803 72,800 SH   SOLE   72,800 0 0
SVB FINANCIAL GROUP COM 78486Q101 5,677 11,500 SH   SOLE   11,500 0 0
SYNOVUS FINL CORP COM NEW 87161C501 1,373 30,000 SH   SOLE   30,000 0 0
TCF FINL CORP COM 872307103 3,368 72,500 SH   SOLE   72,500 0 0
TERRITORIAL BANCORP INC COM 88145X108 2,582 97,600 SH   SOLE   97,600 0 0
TFS FINL CORP COM 87240R107 3,568 175,140 SH   SOLE   175,140 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 1,216 40,000 SH   SOLE   40,000 0 0
TRIUMPH BANCORP INC COM 89679E300 5,611 72,500 SH   SOLE   72,500 0 0
TRUIST FINL CORP COM 89832Q109 1,167 20,005 SH   SOLE   20,005 0 0
TRUSTCO BK CORP N Y COM 898349105 2,016 273,545 SH   SOLE   273,545 0 0
UMPQUA HLDGS CORP COM 904214103 10,201 581,270 SH   SOLE   581,270 0 0
US BANCORP DEL COM NEW 902973304 15,293 276,495 SH   SOLE   276,495 0 0
VALLEY NATL BANCORP COM 919794107 12,094 880,185 SH   SOLE   880,185 0 0
WEBSTER FINL CORP CONN COM 947890109 551 10,000 SH   SOLE   10,000 0 0
WELLS FARGO CO NEW COM 949746101 14,849 380,065 SH   SOLE   380,065 0 0
White River Bancshares Company Not 13-F Security 96445A108 4,592 68,000 SH   SOLE   68,000 0 0
WILLIAM PENN BANCORP INC COM 96927A105 1,193 104,957 SH   SOLE   104,957 0 0
WILLIS LEASE FIN CORP COM 970646105 569 13,083 SH   SOLE   13,083 0 0
WINTRUST FINL CORP COM 97650W108 1,895 25,000 SH   SOLE   25,000 0 0
ZIONS BANCORPORATION N A COM 989701107 17,315 315,055 SH   SOLE   315,055 0 0