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 3,484 147,201 SH   SOLE   147,201 0 0
AMERIS BANCORP COM 03076K108 12,617 243,189 SH   SOLE   243,189 0 0
AXOS FINANCIAL INC COM 05465C100 10,591 205,492 SH   SOLE   205,492 0 0
BK OF AMERICA CORP COM 060505104 26,259 618,589 SH   SOLE   618,589 0 0
CADENCE BANCORPORATION CL A 12739A100 28,226 1,285,327 SH   SOLE   1,285,327 0 0
CAMBRIDGE BANCORP COM 132152109 9,068 103,048 SH   SOLE   103,048 0 0
CAPITAL BANCORP INC MD COM 139737100 8,342 346,728 SH   SOLE   346,728 0 0
CAPITAL CITY BK GROUP INC COM 139674105 663 26,800 SH   SOLE   26,800 0 0
CAPITAL ONE FINL CORP COM 14040H105 8,406 51,900 SH   SOLE   51,900 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 3,902 183,718 SH   SOLE   183,718 0 0
CITIZENS FINL GROUP INC COM 174610105 10,004 212,936 SH   SOLE   212,936 0 0
COMERICA INC COM 200340107 16,929 210,300 SH   SOLE   210,300 0 0
COMMUNITY BANKERS TR CORP COM 203612106 7,908 695,532 SH   SOLE   695,532 0 0
DISCOVER FINL SVCS COM 254709108 38,305 311,800 SH   SOLE   311,800 0 0
EAST WEST BANCORP INC COM 27579R104 19,126 246,665 SH   SOLE   246,665 0 0
F N B CORP COM 302520101 9,294 799,791 SH   SOLE   799,791 0 0
FIRST BANCORP P R COM NEW 318672706 23,095 1,756,299 SH   SOLE   1,756,299 0 0
FIRST BANCSHARES INC MS COM 318916103 19,169 494,298 SH   SOLE   494,298 0 0
FIRST FNDTN INC COM 32026V104 8,398 319,320 SH   SOLE   319,320 0 0
FIRST INTERNET BANCORP COM 320557101 20,254 649,595 SH   SOLE   649,595 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 33,803 717,386 SH   SOLE   717,386 0 0
HANMI FINL CORP COM NEW 410495204 11,753 585,911 SH   SOLE   585,911 0 0
HOME BANCSHARES INC COM 436893200 2,852 121,202 SH   SOLE   121,202 0 0
INDEPENDENT BANK GROUP INC COM 45384B106 29,830 419,899 SH   SOLE   419,899 0 0
INVESTAR HLDG CORP COM 46134L105 10,582 480,575 SH   SOLE   480,575 0 0
KEYCORP COM 493267108 30,661 1,418,200 SH   SOLE   1,418,200 0 0
METROPOLITAN BK HLDG CORP COM 591774104 2,951 35,000 SH   SOLE   35,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 10,043 768,963 SH   SOLE   768,963 0 0
OP BANCORP COM 67109R109 3,811 369,996 SH   SOLE   369,996 0 0
PACIFIC PREMIER BANCORP COM 69478X105 30,322 731,716 SH   SOLE   731,716 0 0
PACWEST BANCORP DEL COM 695263103 45,925 1,013,344 SH   SOLE   1,013,344 0 0
PAYPAL HLDGS INC COM 70450Y103 14,676 56,400 SH   SOLE   56,400 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 20,038 212,985 SH   SOLE   212,985 0 0
POPULAR INC COM NEW 733174700 21,130 272,052 SH   SOLE   272,052 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 20,917 313,697 SH   SOLE   313,697 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 28,785 1,350,782 SH   SOLE   1,350,782 0 0
SCHWAB CHARLES CORP COM 808513105 9,520 130,700 SH   SOLE   130,700 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 9,022 168,642 SH   SOLE   168,642 0 0
SVB FINANCIAL GROUP COM 78486Q101 34,859 53,888 SH   SOLE   53,888 0 0
SYNCHRONY FINANCIAL COM 87165B103 40,570 830,000 SH   SOLE   830,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501 12,868 293,190 SH   SOLE   293,190 0 0
TRICO BANCSHARES COM 896095106 7,911 182,270 SH   SOLE   182,270 0 0
TRUIST FINL CORP COM 89832Q109 18,557 316,400 SH   SOLE   316,400 0 0
US BANCORP DEL COM NEW 902973304 9,907 166,669 SH   SOLE   166,669 0 0
VISA INC COM CL A 92826C839 15,437 69,300 SH   SOLE   69,300 0 0
WESTERN ALLIANCE BANCORP COM 957638109 53,198 488,858 SH   SOLE   488,858 0 0
ZIONS BANCORPORATION N A COM 989701107 17,393 281,029 SH   SOLE   281,029 0 0