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
AXOS FINANCIAL INC COM 05465C100 7,944 221,592 SH   SOLE   221,592 0 0
BK OF AMERICA CORP COM 060505104 13,531 434,664 SH   SOLE   434,664 0 0
CADENCE BANK COM 12740C103 20,620 878,202 SH   SOLE   878,202 0 0
CAMBRIDGE BANCORP COM 132152109 8,472 102,448 SH   SOLE   102,448 0 0
CAPITAL BANCORP INC MD COM 139737100 7,478 344,628 SH   SOLE   344,628 0 0
CAPITAL CITY BK GROUP INC COM 139674105 3,670 131,601 SH   SOLE   131,601 0 0
CBTX INC COM 12481V104 10,949 411,770 SH   SOLE   411,770 0 0
CITIZENS FINL GROUP INC COM 174610105 16,943 474,736 SH   SOLE   474,736 0 0
COLONY BANKCORP INC COM 19623P101 3,252 215,491 SH   SOLE   215,491 0 0
COMERICA INC COM 200340107 17,639 240,375 SH   SOLE   240,375 0 0
CUSTOMERS BANCORP INC COM 23204G100 1,661 49,000 SH   SOLE   49,000 0 0
DISCOVER FINL SVCS COM 254709108 18,159 192,000 SH   SOLE   192,000 0 0
EAST WEST BANCORP INC COM 27579R104 18,271 281,965 SH   SOLE   281,965 0 0
F N B CORP COM 302520101 8,631 794,791 SH   SOLE   794,791 0 0
FIFTH THIRD BANCORP COM 316773100 9,237 274,900 SH   SOLE   274,900 0 0
FIRST BANCORP P R COM NEW 318672706 16,336 1,265,407 SH   SOLE   1,265,407 0 0
FIRST BANCSHARES INC MS COM 318916103 14,048 491,198 SH   SOLE   491,198 0 0
FIRST BUSEY CORP COM NEW 319383204 10,314 451,383 SH   SOLE   451,383 0 0
FIRST INTERNET BANCORP COM 320557101 22,850 620,595 SH   SOLE   620,595 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 13,458 353,135 SH   SOLE   353,135 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 29,359 662,286 SH   SOLE   662,286 0 0
HANMI FINL CORP COM NEW 410495204 13,401 597,211 SH   SOLE   597,211 0 0
HERITAGE COMM CORP COM 426927109 5,910 552,850 SH   SOLE   552,850 0 0
HERITAGE FINL CORP WASH COM 42722X106 5,043 200,426 SH   SOLE   200,426 0 0
INVESTAR HLDG CORP COM 46134L105 9,024 412,057 SH   SOLE   412,057 0 0
KEYCORP COM 493267108 5,860 340,100 SH   SOLE   340,100 0 0
LAKELAND BANCORP INC COM 511637100 2,902 198,509 SH   SOLE   198,509 0 0
MERCANTILE BK CORP COM 587376104 8,421 263,583 SH   SOLE   263,583 0 0
OLD SECOND BANCORP INC ILL COM 680277100 13,050 975,339 SH   SOLE   975,339 0 0
OP BANCORP COM 67109R109 6,289 599,520 SH   SOLE   599,520 0 0
PACIFIC PREMIER BANCORP COM 69478X105 21,261 727,116 SH   SOLE   727,116 0 0
PACWEST BANCORP DEL COM 695263103 30,262 1,135,103 SH   SOLE   1,135,103 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 12,747 176,285 SH   SOLE   176,285 0 0
POPULAR INC COM NEW 733174700 20,798 270,352 SH   SOLE   270,352 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 21,066 309,697 SH   SOLE   309,697 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 25,168 1,342,282 SH   SOLE   1,342,282 0 0
RENASANT CORP COM 75970E107 7,266 252,187 SH   SOLE   252,187 0 0
SCHWAB CHARLES CORP COM 808513105 6,628 104,900 SH   SOLE   104,900 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 9,391 52,400 SH   SOLE   52,400 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 7,303 167,542 SH   SOLE   167,542 0 0
SOUTHSTATE CORPORATION COM 840441109 11,588 150,200 SH   SOLE   150,200 0 0
SVB FINANCIAL GROUP COM 78486Q101 25,059 63,441 SH   SOLE   63,441 0 0
SYNCHRONY FINANCIAL COM 87165B103 8,250 298,700 SH   SOLE   298,700 0 0
SYNOVUS FINL CORP COM NEW 87161C501 12,221 338,990 SH   SOLE   338,990 0 0
TRUIST FINL CORP COM 89832Q109 14,912 314,400 SH   SOLE   314,400 0 0
WESTERN ALLIANCE BANCORP COM 957638109 34,577 489,758 SH   SOLE   489,758 0 0
WINTRUST FINL CORP COM 97650W108 8,015 100,000 SH   SOLE   100,000 0 0
ZIONS BANCORPORATION N A COM 989701107 13,958 274,229 SH   SOLE   274,229 0 0