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 263 5,000 SH   SOLE   5,000 0 0
ALLY FINL INC COM 02005N100 56,479 1,936,864 SH   SOLE   1,936,864 0 0
AMBAC FINL GROUP INC COM NEW 023139884 35,424 2,216,788 SH   SOLE   2,216,788 0 0
ARES CAP CORP COM 04010L103 314 20,000 SH   SOLE   20,000 0 0
BANK COMM HLDGS COM 06424J103 10,142 881,952 SH   SOLE   881,952 0 0
BANK PRINCETON NEW JERSEY COM 064520109 15,625 455,000 SH   SOLE   455,000 0 0
BLUE HILLS BANCORP INC COM 095573101 19,222 956,324 SH   SOLE   956,324 0 0
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 858 84,874 SH   SOLE   84,874 0 0
BRIDGE BANCORP INC COM 108035106 4,543 129,791 SH   SOLE   129,791 0 0
BRIGHTHOUSE FINL INC COM 10922N103 16,589 282,900 SH   SOLE   282,900 0 0
BYLINE BANCORP INC COM 124411109 11,485 500,000 SH   SOLE   500,000 0 0
CAPITAL ONE FINL CORP COM 14040H105 3,983 40,000 SH   SOLE   40,000 0 0
CBTX INC COM 12481V104 8,898 300,000 SH   SOLE   300,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 4,741 351,181 SH   SOLE   351,181 0 0
CITIZENS FINL GROUP INC COM 174610105 76,255 1,816,457 SH   SOLE   1,816,457 0 0
CIVISTA BANCSHARES INC 6.50% PFD SER B 178867206 16,367 221,331 SH   SOLE   221,331 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 456 40,000 SH   SOLE   40,000 0 0
COMERICA INC COM 200340107 64,239 740,000 SH   SOLE   740,000 0 0
COMMUNITY BANKERS TR CORP COM 203612106 12,225 1,500,000 SH   SOLE   1,500,000 0 0
COMMUNITY FINL CORP MD COM 20368X101 4,634 120,981 SH   SOLE   120,981 0 0
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 503 30,000 SH   SOLE   30,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 12,875 500,000 SH   SOLE   500,000 0 0
CONSOL COAL RES LP COM UNIT 20855T100 704 45,000 SH   SOLE   45,000 0 0
CYRUSONE INC COM 23283R100 446 7,500 SH   SOLE   7,500 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 27,264 550,000 SH   SOLE   550,000 0 0
EAGLE BANCORP INC MD COM 268948106 6,659 115,000 SH   SOLE   115,000 0 0
EAGLE BANCORP MONT INC COM 26942G100 7,333 350,000 SH   SOLE   350,000 0 0
ENERGY TRANSFER PARTNERS LP UNIT LTD PRT INT 29278N103 448 25,000 SH   SOLE   25,000 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 461 30,000 SH   SOLE   30,000 0 0
ENTEGRA FINL CORP COM 29363J108 14,625 500,000 SH   SOLE   500,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 398 15,000 SH   SOLE   15,000 0 0
EQUINIX INC COM PAR $0.001 29444U700 340 750 SH   SOLE   750 0 0
FIFTH THIRD BANCORP COM 316773100 17,605 580,250 SH   SOLE   580,250 0 0
FIRST DATA CORP NEW COM CL A 32008D106 14,989 897,001 SH   SOLE   897,001 0 0
FIRST HORIZON NATL CORP COM 320517105 31,224 1,562,000 SH   SOLE   1,562,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 990 17,368 SH   SOLE   17,368 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 46,027 1,230,000 SH   SOLE   1,230,000 0 0
FS BANCORP INC COM 30263Y104 3,820 70,000 SH   SOLE   70,000 0 0
GREENHILL & CO INC COM 395259104 4,875 250,000 SH   SOLE   250,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 4,445 197,990 SH   SOLE   197,990 0 0
HAMILTON BANCORP INC MD COM 407015106 5,005 325,000 SH   SOLE   325,000 0 0
HMN FINL INC COM 40424G108 1,419 74,292 SH   SOLE   74,292 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 4,165 372,735 SH   SOLE   372,735 0 0
HOWARD BANCORP INC COM 442496105 18,965 862,059 SH   SOLE   862,059 0 0
HUNTINGTON BANCSHARES INC COM 446150104 44,626 3,065,000 SH   SOLE   3,065,000 0 0
IBERIABANK CORP COM 450828108 43,125 556,449 SH   SOLE   556,449 0 0
INVESTAR HLDG CORP COM 46134L105 14,080 584,224 SH   SOLE   584,224 0 0
KEYCORP NEW COM 493267108 49,719 2,465,000 SH   SOLE   2,465,000 0 0
LUTHER BURBANK CORP COM 550550107 5,932 492,650 SH   SOLE   492,650 0 0
MALVERN BANCORP INC COM 561409103 16,783 640,587 SH   SOLE   640,587 0 0
MBIA INC COM 55262C100 7,644 1,044,237 SH   SOLE   1,044,237 0 0
MERCHANTS BANCORP IND COM 58844R108 4,920 250,000 SH   SOLE   250,000 0 0
MERIDIAN BANCORP INC MD COM 58958U103 8,240 400,000 SH   SOLE   400,000 0 0
MERIDIAN BK PAOLI PA COM 58958P104 7,271 363,905 SH   SOLE   363,905 0 0
META FINL GROUP INC COM 59100U108 5,559 60,000 SH   SOLE   60,000 0 0
METROPOLITAN BK HLDG CORP COM 591774104 17,560 417,100 SH   SOLE   417,100 0 0
MVB FINANCIAL CORP COM 553810102 13,153 654,367 SH   SOLE   654,367 0 0
NAVIENT CORPORATION COM 63938C108 666 50,000 SH   SOLE   50,000 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 13,875 1,065,656 SH   SOLE   1,065,656 0 0
NEWMARK GROUP INC CL A 65158N102 10,534 662,530 SH   SOLE   662,530 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 470 35,000 SH   SOLE   35,000 0 0
ON DECK CAP INC COM 682163100 38,313 6,674,791 SH   SOLE   6,674,791 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 8,560 978,251 SH   SOLE   978,251 0 0
PARKE BANCORP INC COM 700885106 3,391 165,000 SH   SOLE   165,000 0 0
PCSB FINL CORP COM 69324R104 9,919 520,681 SH   SOLE   520,681 0 0
PIONEER NAT RES CO COM 723787107 1,383 8,000 SH Call SOLE   8,000 0 0
RANDOLPH BANCORP INC COM 752378109 7,706 501,900 SH   SOLE   501,900 0 0
RBB BANCORP COM 74930B105 14,495 529,605 SH   SOLE   529,605 0 0
REGIONS FINL CORP NEW COM 7591EP100 28,685 1,660,000 SH   SOLE   1,660,000 0 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 8,575 1,182,000 SH   SOLE   1,182,000 0 0
SI FINL GROUP INC MD COM 78425V104 5,222 355,220 SH   SOLE   355,220 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 7,549 55,000 SH   SOLE   55,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,030 6,000 SH   SOLE   6,000 0 0
SMARTFINANCIAL INC COM NEW 83190L208 9,367 431,659 SH   SOLE   431,659 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 10,313 250,000 SH   SOLE   250,000 0 0
SPDR SERIES TRUST S&P BK ETF 78464A797 56,808 1,200,000 SH   SOLE   1,200,000 0 0
STERLING BANCORP DEL COM 85917A100 48,919 1,988,570 SH   SOLE   1,988,570 0 0
STERLING BANCORP INC COM 85917W102 10,502 826,967 SH   SOLE   826,967 0 0
STUDENT TRANSN INC COM 86388A108 309 50,000 SH   SOLE   50,000 0 0
SUN BANCORP INC COM NEW 86663B201 18,225 750,000 SH   SOLE   750,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501 17,258 360,002 SH   SOLE   360,002 0 0
TRI POINTE GROUP INC COM 87265H109 269 15,000 SH   SOLE   15,000 0 0
UNITY BANCORP INC COM 913290102 8,741 442,600 SH   SOLE   442,600 0 0
USD PARTNERS LP COM UT REP LTD 903318103 788 70,000 SH   SOLE   70,000 0 0
WHEELER REAL ESTATE INVT TR COM NEW 963025705 599 60,000 SH   SOLE   60,000 0 0
ZIONS BANCORPORATION COM 989701107 61,436 1,208,663 SH   SOLE   1,208,663 0 0
ZIONS BANCORPORATION *W EXP 05/22/202 989701115 18,800 1,000,000 SH   SOLE   1,000,000 0 0