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 179 4,374 SH   OTR 1,2 0 4,374 0
AERCAP HOLDINGS NV SHS N00985106 87 160,000 SH Call OTR 1,2 0 160,000 0
AMBAC FINL GROUP INC COM NEW 023139884 833 131,061 SH   OTR 1,2 0 131,061 0
AMERANT BANCORP INC CL A 023576101 272 9,688 SH   OTR 1,2 0 9,688 0
AMERICAN INTL GROUP INC COM NEW 026874784 31 602 SH   OTR 1,2 0 602 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,192 132,400 SH Call OTR 1,2 0 132,400 0
AMERICAN NATL BANKSHARES INC COM 027745108 358 10,358 SH   OTR 1,2 0 10,358 0
AMERIS BANCORP COM 03076K108 591 14,719 SH   OTR 1,2 0 14,719 0
APPLE INC COM 037833100 467 3,413 SH   OTR 1,2 0 3,413 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 2,199 64,841 SH   OTR 1,2 0 64,841 0
BANC OF CALIFORNIA INC COM 05990K106 917 52,051 SH   OTR 1,2 0 52,051 0
BANK OF THE JAMES FINL GP IN COM 470299108 522 40,130 SH   OTR 1,2 0 40,130 0
BANKUNITED INC COM 06652K103 4,403 123,771 SH   OTR 1,2 0 123,771 0
BAYFIRST FINANCIAL CORP COM 07279B104 958 55,077 SH   OTR 1,2 0 55,077 0
BECTON DICKINSON & CO COM 075887109 220 894 SH   OTR 1,2 0 894 0
BK OF AMERICA CORP COM 060505104 40,245 1,292,792 SH   OTR 1,2 0 1,292,792 0
BK OF AMERICA CORP COM 060505104 1,564 1,046,600 SH Call OTR 1,2 0 1,046,600 0
BRISTOL-MYERS SQUIBB CO COM 110122108 174 2,263 SH   OTR 1,2 0 2,263 0
BRISTOL-MYERS SQUIBB CO COM 110122108 52 2,000 SH Call OTR 1,2 0 2,000 0
CAPITAL ONE FINL CORP COM 14040H105 697 6,692 SH   OTR 1,2 0 6,692 0
CAPITAL ONE FINL CORP COM 14040H105 123 13,000 SH Call OTR 1,2 0 13,000 0
CB FINL SVCS INC COM 12479G101 836 36,573 SH   OTR 1,2 0 36,573 0
CERUS CORP COM 157085101 1,669 315,604 SH   OTR 1,2 0 315,604 0
CF BANKSHARES INC COM 12520L109 357 17,000 SH   OTR 1,2 0 17,000 0
CHUBB LIMITED COM H1467J104 202 1,028 SH   OTR 1,2 0 1,028 0
CITIGROUP INC COM NEW 172967424 2,336 50,796 SH   OTR 1,2 0 50,796 0
CITIGROUP INC COM NEW 172967424 221 383,400 SH Call OTR 1,2 0 383,400 0
CITIZENS FINL GROUP INC COM 174610105 435 12,201 SH   OTR 1,2 0 12,201 0
CITIZENS FINL GROUP INC COM 174610105 4 2,800 SH Call OTR 1,2 0 2,800 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 423 19,920 SH   OTR 1,2 0 19,920 0
CNO FINL GROUP INC COM 12621E103 731 40,390 SH   OTR 1,2 0 40,390 0
CODORUS VY BANCORP INC COM 192025104 666 29,602 SH   OTR 1,2 0 29,602 0
COLONY BANKCORP INC COM 19623P101 342 22,696 SH   OTR 1,2 0 22,696 0
COLUMBIA BKG SYS INC COM 197236102 442 15,432 SH   OTR 1,2 0 15,432 0
COMERICA INC COM 200340107 255 3,473 SH   OTR 1,2 0 3,473 0
COMMUNITY FINL CORP MD COM 20368X101 356 9,657 SH   OTR 1,2 0 9,657 0
CONNECTONE BANCORP INC COM 20786W107 1,037 42,421 SH   OTR 1,2 0 42,421 0
COWEN INC CL A NEW 223622606 11,852 500,295 SH   OTR 1,2 0 500,295 0
DIME CMNTY BANCSHARES INC COM 25432X102 1,005 33,881 SH   OTR 1,2 0 33,881 0
ENTERPRISE FINL SVCS CORP COM 293712105 855 20,614 SH   OTR 1,2 0 20,614 0
EQUITY DISTR ACQUISITION COR *W EXP 09/09/202 29465E114 2 15,000 SH   OTR 1,2 0 15,000 0
ESM ACQUISITION CORPORATION *W EXP 02/02/202 G3195H112 3 18,750 SH   OTR 1,2 0 18,750 0
EXXON MOBIL CORP COM 30231G102 497 5,800 SH   OTR 1,2 0 5,800 0
EXXON MOBIL CORP COM 30231G102 2 1,800 SH Call OTR 1,2 0 1,800 0
FB FINL CORP COM 30257X104 3,837 97,839 SH   OTR 1,2 0 97,839 0
FIFTH THIRD BANCORP COM 316773100 3,032 90,251 SH   OTR 1,2 0 90,251 0
FIFTH THIRD BANCORP COM 316773100 482 246,800 SH Call OTR 1,2 0 246,800 0
FIGURE ACQUISITION CORP I *W EXP 03/31/202 302438114 2 12,000 SH   OTR 1,2 0 12,000 0
FIRST BANCORP N C COM 318910106 2,408 68,994 SH   OTR 1,2 0 68,994 0
FIRST CMNTY CORP S C COM 319835104 565 29,456 SH   OTR 1,2 0 29,456 0
FIRST GTY BANCSHARES INC COM 32043P106 1,034 42,537 SH   OTR 1,2 0 42,537 0
FORD MTR CO DEL COM 345370860 21 12,600 SH Call OTR 1,2 0 12,600 0
GENERAL MTRS CO COM 37045V100 84 50,000 SH Call OTR 1,2 0 50,000 0
HANCOCK WHITNEY CORPORATION COM 410120109 458 10,349 SH   OTR 1,2 0 10,349 0
HANOVER INS GROUP INC COM 410867105 852 5,826 SH   OTR 1,2 0 5,826 0
HOMETRUST BANCSHARES INC COM 437872104 578 23,114 SH   OTR 1,2 0 23,114 0
HUDSON EXECUTIVE INVS CORP I *W EXP 01/31/202 443760111 2 15,000 SH   OTR 1,2 0 15,000 0
HUNTINGTON BANCSHARES INC COM 446150104 259 21,534 SH   OTR 1,2 0 21,534 0
HUNTINGTON BANCSHARES INC COM 446150104 70 245,400 SH Call OTR 1,2 0 245,400 0
IMPAC MTG HLDGS INC COM NEW 45254P508 39 67,977 SH   OTR 1,2 0 67,977 0
INDEPENDENT BK CORP MASS COM 453836108 1,705 21,471 SH   OTR 1,2 0 21,471 0
JPMORGAN CHASE & CO COM 46625H100 976 8,660 SH   OTR 1,2 0 8,660 0
JPMORGAN CHASE & CO COM 46625H100 3 2,800 SH Call OTR 1,2 0 2,800 0
KEYCORP COM 493267108 463 26,886 SH   OTR 1,2 0 26,886 0
KEYCORP COM 493267108 236 99,400 SH Call OTR 1,2 0 99,400 0
KINGSTONE COS INC COM 496719105 401 101,866 SH   OTR 1,2 0 101,866 0
LAKELAND BANCORP INC COM 511637100 2,616 178,953 SH   OTR 1,2 0 178,953 0
LEO HLDGS CORP II *W EXP 01/07/202 G5463R128 2 18,000 SH   OTR 1,2 0 18,000 0
LIMESTONE BANCORP INC COM 53262L105 877 47,643 SH   OTR 1,2 0 47,643 0
MACERICH CO COM 554382101 23 75,000 SH Call OTR 1,2 0 75,000 0
MAINSTREET BANCSHARES INC COM 56064Y100 912 40,062 SH   OTR 1,2 0 40,062 0
METLIFE INC COM 59156R108 279 4,446 SH   OTR 1,2 0 4,446 0
METLIFE INC COM 59156R108 70 10,000 SH Call OTR 1,2 0 10,000 0
MID PENN BANCORP INC COM 59540G107 389 14,437 SH   OTR 1,2 0 14,437 0
MORGAN STANLEY COM NEW 617446448 543 7,140 SH   OTR 1,2 0 7,140 0
MR COOPER GROUP INC COM 62482R107 739 20,125 SH   OTR 1,2 0 20,125 0
MR COOPER GROUP INC COM 62482R107 20 50,000 SH Call OTR 1,2 0 50,000 0
OFG BANCORP COM 67103X102 257 10,121 SH   OTR 1,2 0 10,121 0
OLD NATL BANCORP IND COM 680033107 148 10,000 SH   OTR 1,2 0 10,000 0
ONCOSEC MED INC COM 68234L306 220 296,282 SH   OTR 1,2 0 296,282 0
OP BANCORP COM 67109R109 336 32,107 SH   OTR 1,2 0 32,107 0
PACIFIC PREMIER BANCORP COM 69478X105 250 8,540 SH   OTR 1,2 0 8,540 0
PAYONEER GLOBAL INC *W EXP 06/25/202 70451X112 6 10,000 SH   OTR 1,2 0 10,000 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 5,071 170,741 SH   OTR 1,2 0 170,741 0
PINNACLE FINL PARTNERS INC COM 72346Q104 3,242 44,829 SH   OTR 1,2 0 44,829 0
PNC FINL SVCS GROUP INC COM 693475105 2,913 18,462 SH   OTR 1,2 0 18,462 0
PNC FINL SVCS GROUP INC COM 693475105 35 1,100 SH Call OTR 1,2 0 1,100 0
POPULAR INC COM NEW 733174700 860 11,173 SH   OTR 1,2 0 11,173 0
PREMIER FINANCIAL CORP COM 74052F108 730 28,807 SH   OTR 1,2 0 28,807 0
PRIMIS FINANCIAL CORP COM 74167B109 10,030 735,862 SH   OTR 1,2 0 735,862 0
PROFESSIONAL HLDG CORP CL A COM 743139107 386 19,275 SH   OTR 1,2 0 19,275 0
PROVIDENT FINL SVCS INC COM 74386T105 1,041 46,787 SH   OTR 1,2 0 46,787 0
QCR HOLDINGS INC COM 74727A104 459 8,502 SH   OTR 1,2 0 8,502 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 1,698 90,521 SH   OTR 1,2 0 90,521 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 129 166,000 SH Call OTR 1,2 0 166,000 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 73 19,669 SH   OTR 1,2 0 19,669 0
SEACOAST BKG CORP FLA COM NEW 811707801 3,593 108,739 SH   OTR 1,2 0 108,739 0
SENIOR CONNECT ACQUISITN COR *W EXP 12/31/202 81723H116 2 22,500 SH   OTR 1,2 0 22,500 0
SHORE BANCSHARES INC COM 825107105 1,364 73,739 SH   OTR 1,2 0 73,739 0
SIMON PROPERTY GRP ACQ HOLDI *W EXP 02/04/202 82880R111 2 12,000 SH   OTR 1,2 0 12,000 0
SMARTFINANCIAL INC COM NEW 83190L208 4,129 170,867 SH   OTR 1,2 0 170,867 0
SOUTHERN FIRST BANCSHARES COM 842873101 247 5,660 SH   OTR 1,2 0 5,660 0
SOUTHSTATE CORPORATION COM 840441109 2,178 28,232 SH   OTR 1,2 0 28,232 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 417 27,391 SH   OTR 1,2 0 27,391 0
SYNOVUS FINL CORP COM NEW 87161C501 7,606 210,994 SH   OTR 1,2 0 210,994 0
TERRITORIAL BANCORP INC COM 88145X108 308 14,751 SH   OTR 1,2 0 14,751 0
THIRD COAST BANCSHARES INC COM 88422P109 500 22,819 SH   OTR 1,2 0 22,819 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 735 27,065 SH   OTR 1,2 0 27,065 0
TRAVELERS COMPANIES INC COM 89417E109 203 1,200 SH   OTR 1,2 0 1,200 0
TRUIST FINL CORP COM 89832Q109 1,880 39,637 SH   OTR 1,2 0 39,637 0
TRUIST FINL CORP COM 89832Q109 24 11,200 SH Call OTR 1,2 0 11,200 0
TZP STRATEGIES ACQUISTN CORP *W EXP 01/06/202 G91595119 2 21,000 SH   OTR 1,2 0 21,000 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 514 17,032 SH   OTR 1,2 0 17,032 0
UNIVAR SOLUTIONS INC COM 91336L107 204 8,200 SH   OTR 1,2 0 8,200 0
VICI PPTYS INC COM 925652109 123 50,000 SH Call OTR 1,2 0 50,000 0
VIRGINIA NATL BANKSHARES COR COM 928031103 1,568 49,787 SH   OTR 1,2 0 49,787 0
WEBSTER FINL CORP COM 947890109 2,313 54,879 SH   OTR 1,2 0 54,879 0
WELLS FARGO CO NEW COM 949746101 3,191 81,486 SH   OTR 1,2 0 81,486 0
WELLS FARGO CO NEW COM 949746101 1,747 721,500 SH Call OTR 1,2 0 721,500 0
WESBANCO INC COM 950810101 409 12,905 SH   OTR 1,2 0 12,905 0
WSFS FINL CORP COM 929328102 921 22,977 SH   OTR 1,2 0 22,977 0