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 41,154 1,633,737 SH   SOLE   1,633,737 0 0
AIR LEASE CORP CL A 00912X302 22,369 760,329 SH   SOLE   760,329 0 0
ALLY FINL INC COM 02005N100 7,482 298,445 SH   SOLE   298,445 0 0
AMERIPRISE FINL INC COM 03076C106 17,359 112,638 SH   SOLE   112,638 0 0
AMERIS BANCORP COM 03076K108 10,621 466,227 SH   SOLE   466,227 0 0
ASSURANT INC COM 04621X108 2,756 22,715 SH   SOLE   22,715 0 0
AXOS FINANCIAL INC COM 05465C100 17,413 747,028 SH   SOLE   747,028 0 0
BK OF AMERICA CORP COM 060505104 44,540 1,848,918 SH   SOLE   1,848,918 0 0
BANK OF THE JAMES FINL GP IN COM 470299108 3,979 408,103 SH   SOLE   408,103 0 0
BARCLAYS PLC ADR 06738E204 12 2,307 SH   SOLE   2,307 0 0
BLACK KNIGHT INC COM 09215C105 8,920 102,471 SH   SOLE   102,471 0 0
BRIDGE BANCORP INC COM 108035106 34,790 1,995,966 SH   SOLE   1,995,966 0 0
CAMDEN NATL CORP COM 133034108 7,487 247,699 SH   SOLE   247,699 0 0
CAPITAL ONE FINL CORP COM 14040H105 46,878 652,355 SH   SOLE   652,355 0 0
CENTURY CMNTYS INC COM 156504300 43,353 1,024,165 SH   SOLE   1,024,165 0 0
CHEMUNG FINL CORP COM 164024101 4,395 152,222 SH   SOLE   152,222 0 0
CITIGROUP INC COM NEW 172967424 2,315 53,695 SH   SOLE   53,695 0 0
CITIZENS FINL GROUP INC COM 174610105 13,730 543,105 SH   SOLE   543,105 0 0
COMERICA INC COM 200340107 18,933 494,970 SH   SOLE   494,970 0 0
DIME CMNTY BANCSHARES INC COM 253922108 9,800 866,520 SH   SOLE   866,520 0 0
DISCOVER FINL SVCS COM 254709108 23,180 401,170 SH   SOLE   401,170 0 0
EAGLE BANCORP INC MD COM 268948106 1,233 46,012 SH   SOLE   46,012 0 0
EAST WEST BANCORP INC COM 27579R104 5,579 170,407 SH   SOLE   170,407 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 11,436 762,381 SH   SOLE   762,381 0 0
EVERCORE INC CLASS A 29977A105 18,629 284,589 SH   SOLE   284,589 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 10,463 334,183 SH   SOLE   334,183 0 0
FIFTH THIRD BANCORP COM 316773100 1,996 93,607 SH   SOLE   93,607 0 0
FIRST AMERN FINL CORP COM 31847R102 9,747 191,457 SH   SOLE   191,457 0 0
FIRST BANCORP N C COM 318910106 2,580 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 1,862 117,192 SH   SOLE   117,192 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 4,791 15,028 SH   SOLE   15,028 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 26,688 900,709 SH   SOLE   900,709 0 0
F N B CORP COM 302520101 4,279 631,121 SH   SOLE   631,121 0 0
HERITAGE FINL CORP WASH COM 42722X106 4,243 230,737 SH   SOLE   230,737 0 0
HOME BANCSHARES INC COM 436893200 2,525 166,538 SH   SOLE   166,538 0 0
HONEYWELL INTL INC COM 438516106 26,856 163,150 SH   SOLE   163,150 0 0
J ALEXANDERS HLDGS INC COM 46609J106 100 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 50,390 523,424 SH   SOLE   523,424 0 0
KB HOME COM 48666K109 15,842 412,663 SH   SOLE   412,663 0 0
KEYCORP COM 493267108 2,733 229,101 SH   SOLE   229,101 0 0
LAKELAND BANCORP INC COM 511637100 2,803 281,681 SH   SOLE   281,681 0 0
LAZARD LTD SHS A G54050102 14,450 437,210 SH   SOLE   437,210 0 0
LENNAR CORP CL A 526057104 24,946 305,415 SH   SOLE   305,415 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 8 5,920 SH   SOLE   5,920 0 0
M & T BK CORP COM 55261F104 2,421 26,290 SH   SOLE   26,290 0 0
M/I HOMES INC COM 55305B101 33,718 732,205 SH   SOLE   732,205 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 7,904 1,121,183 SH   SOLE   1,121,183 0 0
M D C HLDGS INC COM 552676108 12,266 260,426 SH   SOLE   260,426 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 845 2,493 SH Put SOLE   2,493 0 0
MERCHANTS BANCORP IND COM 58844R108 11,858 601,637 SH   SOLE   601,637 0 0
METROPOLITAN BK HLDG CORP COM 591774104 11,716 418,443 SH   SOLE   418,443 0 0
MORGAN STANLEY COM NEW 617446448 25,693 531,399 SH   SOLE   531,399 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 11,510 625,551 SH   SOLE   625,551 0 0
OLD NATL BANCORP IND COM 680033107 6,935 552,155 SH   SOLE   552,155 0 0
ONEMAIN HLDGS INC COM 68268W103 83,384 2,668,290 SH   SOLE   2,668,290 0 0
OWENS CORNING NEW COM 690742101 2,218 32,235 SH   SOLE   32,235 0 0
PACWEST BANCORP DEL COM 695263103 25,445 1,489,774 SH   SOLE   1,489,774 0 0
PARKE BANCORP INC COM 700885106 8,046 673,895 SH   SOLE   673,895 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 74,838 1,287,640 SH   SOLE   1,287,640 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 1,167 113,228 SH   SOLE   113,228 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 10,346 290,706 SH   SOLE   290,706 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 5,373 167,283 SH   SOLE   167,283 0 0
PULTE GROUP INC COM 745867101 5,579 120,524 SH   SOLE   120,524 0 0
REGIONAL MGMT CORP COM 75902K106 23,702 1,422,674 SH   SOLE   1,422,674 0 0
RICHMOND MUT BANCORPORATION COM 76525P100 83 7,874 SH   SOLE   7,874 0 0
SANDY SPRING BANCORP INC COM 800363103 478 20,707 SH   SOLE   20,707 0 0
SCHWAB CHARLES CORP COM 808513105 859 23,706 SH   SOLE   23,706 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 27,319 329,183 SH   SOLE   329,183 0 0
SOUTH ST CORP COM 840441109 2,549 52,944 SH   SOLE   52,944 0 0
STERLING BANCORP DEL COM 85917A100 37,386 3,553,803 SH   SOLE   3,553,803 0 0
SVB FINANCIAL GROUP COM 78486Q101 4,063 16,885 SH   SOLE   16,885 0 0
SYNOVUS FINL CORP COM NEW 87161C501 1,049 49,535 SH   SOLE   49,535 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 42,741 1,738,137 SH   SOLE   1,738,137 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107 2,494 80,125 SH   SOLE   80,125 0 0
TIMBERLAND BANCORP INC COM 887098101 2,160 120,004 SH   SOLE   120,004 0 0
TOLL BROTHERS INC COM 889478103 32,091 659,489 SH   SOLE   659,489 0 0
TRICO BANCSHARES COM 896095106 3,379 137,981 SH   SOLE   137,981 0 0
UNITED BANKSHARES INC WEST V COM 909907107 4,757 221,569 SH   SOLE   221,569 0 0
US BANCORP DEL COM NEW 902973304 41,301 1,152,063 SH   SOLE   1,152,063 0 0
VALLEY NATL BANCORP COM 919794107 444 64,820 SH   SOLE   64,820 0 0
WELLS FARGO CO NEW COM 949746101 1,077 45,800 SH   SOLE   45,800 0 0
WESBANCO INC COM 950810101 4,767 223,159 SH   SOLE   223,159 0 0
WESTERN ALLIANCE BANCORP COM 957638109 4,569 144,488 SH   SOLE   144,488 0 0