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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AERCAP HOLDINGS NV SHS N00985106 BBG001SNX4Y4 610,545 10,858 SH   OTR 1 2 0 10,858 0
AMERANT BANCORP INC CL A 023576101 BBG001V0P1S2 210,811 9,688 SH   OTR 1 2 0 9,688 0
AMERICAN NATL BANKSHARES INC COM 027745108 BBG001S7NGV6 328,349 10,358 SH   OTR 1 2 0 10,358 0
AMERIS BANCORP COM 03076K108 BBG001S80PX7 538,421 14,719 SH   OTR 1 2 0 14,719 0
APPLE INC COM 037833100 BBG001S5N8V8 565,277 3,428 SH   OTR 1 2 0 3,428 0
BANC OF CALIFORNIA INC COM 05990K106 BBG001SKZX56 652,199 52,051 SH   OTR 1 2 0 52,051 0
BANK AMERICA CORP COM 060505104 BBG001S5P0Y0 14,113,800 493,990 SH   OTR 1 2 0 493,990 0
BANK AMERICA CORP COM 060505104 BBG001S5P0Y0 1,080,466 869,400 SH Call OTR 1 2 0 869,400 0
BANK OF THE JAMES FINL GP IN COM 470299108 BBG001SFGH35 421,766 40,130 SH   OTR 1 2 0 40,130 0
BAYFIRST FINANCIAL CORP COM 07279B104 BBG001SN12G3 855,346 55,077 SH   OTR 1 2 0 55,077 0
BECTON DICKINSON & CO COM 075887109 BBG001S5P374 221,301 894 SH   OTR 1 2 0 894 0
BROADWAY FINL CORP DEL COM 111444105 BBG001S5WLL0 78,750 75,000 SH   OTR 1 2 0 75,000 0
CAPITAL ONE FINL CORP COM 14040H105 BBG001S65PV8 635,810 6,612 SH   OTR 1 2 0 6,612 0
CAPITAL ONE FINL CORP COM 14040H105 BBG001S65PV8 33,120 2,200 SH Call OTR 1 2 0 2,200 0
CB FINL SVCS INC COM 12479G101 BBG001S825Y8 794,000 36,573 SH   OTR 1 2 0 36,573 0
CERUS CORP COM 157085101 BBG001S97DG4 918,930 309,404 SH   OTR 1 2 0 309,404 0
CF BANKSHARES INC COM 12520L109 BBG001S5XSL4 509,574 26,132 SH   OTR 1 2 0 26,132 0
CITIGROUP INC COM NEW 172967424 BBG001S72ZG4 257,347 5,488 SH   OTR 1 2 0 5,488 0
CITIGROUP INC COM NEW 172967424 BBG001S72ZG4 159,012 88,600 SH Call OTR 1 2 0 88,600 0
CITIZENS FINL GROUP INC COM 174610105 BBG006Q0HZT0 522,394 17,201 SH   OTR 1 2 0 17,201 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 BBG001S91FV8 336,250 19,920 SH   OTR 1 2 0 19,920 0
CNO FINL GROUP INC COM 12621E103 BBG001SBR6X3 565,956 25,505 SH   OTR 1 2 0 25,505 0
CODORUS VY BANCORP INC COM 192025104 BBG001S6YVJ7 614,242 29,602 SH   OTR 1 2 0 29,602 0
COLONY BANKCORP INC COM 19623P101 BBG001S98KP7 231,499 22,696 SH   OTR 1 2 0 22,696 0
COLUMBIA BKG SYS INC COM 197236102 BBG001S72GJ3 330,553 15,432 SH   OTR 1 2 0 15,432 0
COMERICA INC COM 200340107 BBG001S6PXB1 150,798 3,473 SH   OTR 1 2 0 3,473 0
COMERICA INC COM 200340107 BBG001S6PXB1 55,000 10,000 SH Call OTR 1 2 0 10,000 0
COMMUNITY FINL CORP MD COM 20368X101 BBG001S5WL76 319,936 9,657 SH   OTR 1 2 0 9,657 0
CONNECTONE BANCORP INC COM 20786W107 BBG001S6YLR0 928,588 52,522 SH   OTR 1 2 0 52,522 0
DEVON ENERGY CORP NEW COM 25179M103 BBG001S63VG4 602,259 11,900 SH   OTR 1 2 0 11,900 0
DIME CMNTY BANCSHARES INC COM 25432X102 BBG001S7NTQ4 771,835 33,972 SH   OTR 1 2 0 33,972 0
ENTERPRISE FINL SVCS CORP COM 293712105 BBG001SKJVR4 919,178 20,614 SH   OTR 1 2 0 20,614 0
EXXON MOBIL CORP COM 30231G102 BBG001S69V32 636,028 5,800 SH   OTR 1 2 0 5,800 0
FARMLAND PARTNERS INC COM 31154R109 BBG005TNS0R6 235,400 22,000 SH   OTR 1 2 0 22,000 0
FB FINL CORP COM 30257X104 BBG00DM434H8 2,909,710 93,620 SH   OTR 1 2 0 93,620 0
FIFTH THIRD BANCORP COM 316773100 BBG001S5R6S2 1,693,052 63,553 SH   OTR 1 2 0 63,553 0
FIFTH THIRD BANCORP COM 316773100 BBG001S5R6S2 93,590 126,800 SH Call OTR 1 2 0 126,800 0
FIRST BANCORP N C COM 318910106 BBG001S5R1Z5 2,450,667 68,994 SH   OTR 1 2 0 68,994 0
FIRST CMNTY CORP S C COM 319835104 BBG001S9S0F0 259,160 12,958 SH   OTR 1 2 0 12,958 0
FIRST GTY BANCSHARES INC COM 32043P106 BBG001SCGLY9 634,698 40,504 SH   OTR 1 2 0 40,504 0
FORD MTR CO DEL COM 345370860 BBG001S5TZ33 99,585 55,500 SH Call OTR 1 2 0 55,500 0
HANCOCK WHITNEY CORPORATION COM 410120109 BBG001S6S985 666,489 18,310 SH   OTR 1 2 0 18,310 0
HANOVER INS GROUP INC COM 410867105 BBG001S8KZF3 672,826 5,236 SH   OTR 1 2 0 5,236 0
HOMETRUST BANCSHARES INC COM 437872104 BBG002CV5WZ9 568,373 23,114 SH   OTR 1 2 0 23,114 0
HUNTINGTON BANCSHARES INC COM 446150104 BBG001S5RSZ6 241,181 21,534 SH   OTR 1 2 0 21,534 0
HUNTINGTON BANCSHARES INC COM 446150104 BBG001S5RSZ6 50,750 245,400 SH Call OTR 1 2 0 245,400 0
INDEPENDENT BK CORP MASS COM 453836108 BBG001S5S8F1 1,408,927 21,471 SH   OTR 1 2 0 21,471 0
JPMORGAN CHASE & CO COM 46625H100 BBG001S8CRC3 1,128,485 8,660 SH   OTR 1 2 0 8,660 0
JPMORGAN CHASE & CO COM 46625H100 BBG001S8CRC3 642,105 45,300 SH Call OTR 1 2 0 45,300 0
KEYCORP COM 493267108 BBG001S5SKV6 336,613 26,886 SH   OTR 1 2 0 26,886 0
KEYCORP COM 493267108 BBG001S5SKV6 110,042 99,400 SH Call OTR 1 2 0 99,400 0
KINGSTONE COS INC COM 496719105 BBG001SCHWG4 200,698 150,178 SH   OTR 1 2 0 150,178 0
LAKELAND BANCORP INC COM 511637100 BBG001S93HH8 1,294,007 82,737 SH   OTR 1 2 0 82,737 0
LIMESTONE BANCORP INC COM 53262L105 BBG001SMN2X2 689,535 30,907 SH   OTR 1 2 0 30,907 0
MACERICH CO COM 554382101 BBG001S7HGB5 177,232 16,720 SH   OTR 1 2 0 16,720 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103 BBG007FG0C32 234,405 1,203 SH   OTR 1 2 0 1,203 0
MAINSTREET BANCSHARES INC COM 56064Y100 BBG001SNH4N4 941,056 40,062 SH   OTR 1 2 0 40,062 0
METLIFE INC COM 59156R108 BBG001S5T3R8 616,829 10,646 SH   OTR 1 2 0 10,646 0
METLIFE INC COM 59156R108 BBG001S5T3R8 19,500 10,000 SH Call OTR 1 2 0 10,000 0
MID PENN BANCORP INC COM 59540G107 BBG001S5T0G6 369,732 14,437 SH   OTR 1 2 0 14,437 0
MORGAN STANLEY COM NEW 617446448 BBG001S9V5Z3 626,892 7,140 SH   OTR 1 2 0 7,140 0
MR COOPER GROUP INC COM 62482R107 BBG002V09956 842,220 20,557 SH   OTR 1 2 0 20,557 0
OLD NATL BANCORP IND COM 680033107 BBG001SD2ZG1 144,200 10,000 SH   OTR 1 2 0 10,000 0
ONCOSEC MED INC COM NOV 2022 68234L405 BBG001SCVQN3 53,661 20,799 SH   OTR 1 2 0 20,799 0
OP BANCORP COM 67109R109 BBG001SP9M85 286,073 32,107 SH   OTR 1 2 0 32,107 0
ORRSTOWN FINL SVCS INC COM 687380105 BBG001S9SXH6 206,544 10,400 SH   OTR 1 2 0 10,400 0
PACIFIC PREMIER BANCORP COM 69478X105 BBG001S9JFG6 205,131 8,540 SH   OTR 1 2 0 8,540 0
PAYONEER GLOBAL INC *W EXP 06/25/202 70451X112   10,400 10,000 SH   OTR 1 2 0 10,000 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 BBG001SG3CC8 5,668,406 191,371 SH   OTR 1 2 0 191,371 0
PINNACLE FINL PARTNERS INC COM 72346Q104 BBG001SF5953 3,195,391 57,929 SH   OTR 1 2 0 57,929 0
PNC FINL SVCS GROUP INC COM 693475105 BBG001S5V947 3,115,060 24,509 SH   OTR 1 2 0 24,509 0
PNC FINL SVCS GROUP INC COM 693475105 BBG001S5V947 3,630 1,100 SH Call OTR 1 2 0 1,100 0
POPULAR INC COM NEW 733174700 BBG001S5PC01 640,581 11,158 SH   OTR 1 2 0 11,158 0
PREMIER FINANCIAL CORP COM 74052F108 BBG001S7DV08 1,338,681 64,577 SH   OTR 1 2 0 64,577 0
PRIMIS FINANCIAL CORP COM 74167B109 BBG001SPKP12 7,532,904 782,233 SH   OTR 1 2 0 782,233 0
PROVIDENT FINL SVCS INC COM 74386T105 BBG001SKM445 876,718 45,710 SH   OTR 1 2 0 45,710 0
QCR HOLDINGS INC COM 74727A104 BBG001SJTPZ0 373,323 8,502 SH   OTR 1 2 0 8,502 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 BBG001SM4KY2 1,680,065 90,521 SH   OTR 1 2 0 90,521 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 BBG001SM4KY2 29,220 72,000 SH Call OTR 1 2 0 72,000 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 BBG001S5W0J9 33,831 19,669 SH   OTR 1 2 0 19,669 0
SEACOAST BKG CORP FLA COM NEW 811707801 BBG001SD9X60 5,908,576 249,307 SH   OTR 1 2 0 249,307 0
SENIOR CONNECT ACQUISITN COR *W EXP 12/31/202 81723H116   878 22,500 SH   OTR 1 2 0 22,500 0
SHORE BANCSHARES INC COM 825107105 BBG001S9TSK2 1,052,993 73,739 SH   OTR 1 2 0 73,739 0
SMARTFINANCIAL INC COM NEW 83190L208 BBG001SDRQW6 5,343,542 230,922 SH   OTR 1 2 0 230,922 0
SOUTHSTATE CORPORATION COM 840441109 BBG001S9J7Z3 2,011,812 28,232 SH   OTR 1 2 0 28,232 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 BBG001SRFLF8 579,727 41,797 SH   OTR 1 2 0 41,797 0
SYNOVUS FINL CORP COM NEW 87161C501 BBG001S5S3G1 7,960,820 258,217 SH   OTR 1 2 0 258,217 0
TERRITORIAL BANCORP INC COM 88145X108 BBG001T4JD08 280,111 14,506 SH   OTR 1 2 0 14,506 0
THIRD COAST BANCSHARES INC COM 88422P109 BBG009W8YNX3 358,486 22,819 SH   OTR 1 2 0 22,819 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 BBG001S5WTN1 721,282 27,065 SH   OTR 1 2 0 27,065 0
TRAVELERS COMPANIES INC COM 89417E109 BBG001S5R103 205,692 1,200 SH   OTR 1 2 0 1,200 0
TRUIST FINL CORP COM 89832Q109 BBG001S5YYC0 1,351,622 39,637 SH   OTR 1 2 0 39,637 0
TRUIST FINL CORP COM 89832Q109 BBG001S5YYC0 14,535 6,200 SH Call OTR 1 2 0 6,200 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 BBG001S9SSJ5 478,940 17,032 SH   OTR 1 2 0 17,032 0
UNITED SEC BANCSHARES CALIF COM 911460103 BBG001S8S2B2 161,164 25,261 SH   OTR 1 2 0 25,261 0
VIRGINIA NATL BANKSHARES COR COM 928031103 BBG001SBYF92 1,790,341 49,787 SH   OTR 1 2 0 49,787 0
WEBSTER FINL CORP COM 947890109 BBG001S5XCP5 2,111,562 53,566 SH   OTR 1 2 0 53,566 0
WELLS FARGO CO NEW COM 949746101 BBG001S5XF23 5,046,001 134,992 SH   OTR 1 2 0 134,992 0
WELLS FARGO CO NEW COM 949746101 BBG001S5XF23 1,194,897 891,000 SH Call OTR 1 2 0 891,000 0
WESBANCO INC COM 950810101 BBG001S5XJR8 294,874 9,605 SH   OTR 1 2 0 9,605 0
WSFS FINL CORP COM 929328102 BBG001S5XJX1 864,165 22,977 SH   OTR 1 2 0 22,977 0