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 37,257 1,209,633 SH   SOLE   1,209,633 0 0
AIR LEASE CORP CL A 00912X302 19,331 659,976 SH   SOLE   659,976 0 0
AMERIPRISE FINL INC COM 03076C106 13,428 89,494 SH   SOLE   89,494 0 0
APPLE INC COM 037833100 5,580 15,296 SH   SOLE   15,296 0 0
AXOS FINANCIAL INC COM 05465C100 15,638 708,245 SH   SOLE   708,245 0 0
BK OF AMERICA CORP COM 060505104 43,912 1,848,918 SH   SOLE   1,848,918 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 3,918 414,743 SH   SOLE   414,743 0 0
BARCLAYS PLC ADR 06738E204 13 2,307 SH   SOLE   2,307 0 0
BLACK KNIGHT INC COM 09215C105 7,435 102,471 SH   SOLE   102,471 0 0
BRIDGE BANCORP INC COM 108035106 45,587 1,995,922 SH   SOLE   1,995,922 0 0
CAMDEN NATL CORP COM 133034108 8,556 247,699 SH   SOLE   247,699 0 0
CAPITAL ONE FINL CORP COM 14040H105 36,116 577,033 SH   SOLE   577,033 0 0
CENTURY CMNTYS INC COM 156504300 28,459 928,214 SH   SOLE   928,214 0 0
CHEMUNG FINL CORP COM 164024101 4,091 149,846 SH   SOLE   149,846 0 0
CITIGROUP INC COM NEW 172967424 2,744 53,695 SH   SOLE   53,695 0 0
CITIZENS FINANCIAL GROUP INC COM 174610105 14,438 572,037 SH   SOLE   572,037 0 0
COMERICA INC COM 200340107 14,319 375,816 SH   SOLE   375,816 0 0
CUSTOMERS BANCORP INC COM 23204G100 1,896 157,764 SH   SOLE   157,764 0 0
DISCOVER FINL SVCS COM 254709108 19,848 396,249 SH   SOLE   396,249 0 0
EAGLE BANCORP INC MD COM 268948106 1,507 46,012 SH   SOLE   46,012 0 0
EAST WEST BANCORP INC COM 27579R104 11,789 325,296 SH   SOLE   325,296 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 11,981 708,930 SH   SOLE   708,930 0 0
EVERCORE INC CLASS A 29977A105 19,872 337,274 SH   SOLE   337,274 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 10,246 334,183 SH   SOLE   334,183 0 0
FIFTH THIRD BANCORP COM 316773100 1,805 93,607 SH   SOLE   93,607 0 0
FIRST AMERN FINL CORP COM 31847R102 6,452 134,358 SH   SOLE   134,358 0 0
FIRST BANCORP N C COM 318910106 3,092 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 2,186 117,192 SH   SOLE   117,192 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 6,087 15,028 SH   SOLE   15,028 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 19,004 645,735 SH   SOLE   645,735 0 0
F N B CORP COM 302520101 4,733 631,121 SH   SOLE   631,121 0 0
HERITAGE FINL CORP WASH COM 42722X106 4,615 230,737 SH   SOLE   230,737 0 0
HOME BANCSHARES INC COM 436893200 2,561 166,538 SH   SOLE   166,538 0 0
HONEYWELL INTL INC COM 438516106 23,590 163,150 SH   SOLE   163,150 0 0
J ALEXANDERS HLDGS INC COM 46609J106 95 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 49,233 523,424 SH   SOLE   523,424 0 0
KEYCORP COM 493267108 2,790 229,101 SH   SOLE   229,101 0 0
KORN FERRY COM NEW 500643200 1,317 42,870 SH   SOLE   42,870 0 0
LAKELAND BANCORP INC COM 511637100 3,220 281,681 SH   SOLE   281,681 0 0
LAZARD LTD SHS A G54050102 12,873 449,619 SH   SOLE   449,619 0 0
LENNAR CORP CL A 526057104 24,941 404,761 SH   SOLE   404,761 0 0
M & T BK CORP COM 55261F104 5,560 53,476 SH   SOLE   53,476 0 0
M/I HOMES INC COM 55305B101 21,463 623,205 SH   SOLE   623,205 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 6,019 711,435 SH   SOLE   711,435 0 0
MASCO CORP COM 574599106 8,765 174,565 SH   SOLE   174,565 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 674 2,076 SH Put SOLE   2,076 0 0
MERCHANTS BANCORP IND COM 58844R108 8,861 479,221 SH   SOLE   479,221 0 0
MERIDIAN BK PAOLI PA COM 58958P104 2,071 130,639 SH   SOLE   130,639 0 0
METROPOLITAN BK HLDG CORP COM 591774104 12,663 394,718 SH   SOLE   394,718 0 0
MORGAN STANLEY COM NEW 617446448 19,210 397,732 SH   SOLE   397,732 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 8,555 487,449 SH   SOLE   487,449 0 0
OLD NATL BANCORP IND COM 680033107 7,598 552,155 SH   SOLE   552,155 0 0
ONEMAIN HLDGS INC COM 68268W103 57,701 2,351,324 SH   SOLE   2,351,324 0 0
OWENS CORNING NEW COM 690742101 1,797 32,235 SH   SOLE   32,235 0 0
PACWEST BANCORP DEL COM 695263103 22,974 1,165,588 SH   SOLE   1,165,588 0 0
PARKE BANCORP INC COM 700885106 7,872 580,983 SH   SOLE   580,983 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 34,633 828,736 SH   SOLE   828,736 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 1,310 113,228 SH   SOLE   113,228 0 0
POPULAR INC COM NEW 733174700 1,078 28,994 SH   SOLE   28,994 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 7,168 167,283 SH   SOLE   167,283 0 0
PULTE GROUP INC COM 745867101 4,101 120,524 SH   SOLE   120,524 0 0
REGIONAL MGMT CORP COM 75902K106 25,027 1,413,139 SH   SOLE   1,413,139 0 0
RICHMOND MUT BANCORPORATION COM 76525P100 89 7,874 SH   SOLE   7,874 0 0
SANDY SPRING BANCORP INC COM 800363103 513 20,707 SH   SOLE   20,707 0 0
SCHWAB CHARLES CORP COM 808513105 5,694 168,757 SH   SOLE   168,757 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 20,687 193,478 SH   SOLE   193,478 0 0
SOUTH ST CORP COM 840441109 2,523 52,944 SH   SOLE   52,944 0 0
STERLING BANCORP DEL COM 85917A100 38,092 3,250,141 SH   SOLE   3,250,141 0 0
SVB FINANCIAL GROUP COM 78486Q101 7,310 33,917 SH   SOLE   33,917 0 0
SYNOVUS FINL CORP COM NEW 87161C501 7,232 352,283 SH   SOLE   352,283 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 22,330 1,157,596 SH   SOLE   1,157,596 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107 14,802 479,499 SH   SOLE   479,499 0 0
TIMBERLAND BANCORP INC COM 887098101 128 7,014 SH   SOLE   7,014 0 0
TOLL BROTHERS INC COM 889478103 13,901 426,554 SH   SOLE   426,554 0 0
TRICO BANCSHARES COM 896095106 4,202 137,981 SH   SOLE   137,981 0 0
UNITED BANKSHARES INC WEST V COM 909907107 6,129 221,569 SH   SOLE   221,569 0 0
US BANCORP DEL COM NEW 902973304 42,419 1,152,063 SH   SOLE   1,152,063 0 0
VALLEY NATL BANCORP COM 919794107 507 64,820 SH   SOLE   64,820 0 0
WELLS FARGO CO NEW COM 949746101 33,681 1,315,649 SH   SOLE   1,315,649 0 0
WESBANCO INC COM 950810101 4,532 223,159 SH   SOLE   223,159 0 0
WESTERN ALLIANCE BANCORP COM 957638109 5,472 144,488 SH   SOLE   144,488 0 0