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 93,465 2,050,563 SH   SOLE   2,050,563 0 0
AIR LEASE CORP CL A 00912X302 45,069 1,014,613 SH   SOLE   1,014,613 0 0
ALLY FINL INC COM 02005N100 27,755 778,331 SH   SOLE   778,331 0 0
AMERIPRISE FINL INC COM 03076C106 9,710 49,967 SH   SOLE   49,967 0 0
AMERIS BANCORP COM 03076K108 3,110 81,689 SH   SOLE   81,689 0 0
ASSURANT INC COM 04621X108 3,110 22,833 SH   SOLE   22,833 0 0
AXOS FINANCIAL INC COM 05465C100 6,674 177,838 SH   SOLE   177,838 0 0
BANCORP INC DEL COM 05969A105 10,335 756,997 SH   SOLE   756,997 0 0
BK OF AMERICA CORP COM 060505104 56,041 1,848,918 SH   SOLE   1,848,918 0 0
BANK OF THE JAMES FINL GP IN COM 470299108 4,929 406,654 SH   SOLE   406,654 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 6,217 363,122 SH   SOLE   363,122 0 0
BRIDGE BANCORP INC COM 108035106 53,363 2,206,905 SH   SOLE   2,206,905 0 0
CAMDEN NATL CORP COM 133034108 8,863 247,699 SH   SOLE   247,699 0 0
CAPITAL ONE FINL CORP COM 14040H105 53,985 546,131 SH   SOLE   546,131 0 0
CENTRAL VY CMNTY BANCORP COM 155685100 342 22,953 SH   SOLE   22,953 0 0
CENTURY CMNTYS INC COM 156504300 34,749 793,724 SH   SOLE   793,724 0 0
CHEMUNG FINL CORP COM 164024101 2,582 76,048 SH   SOLE   76,048 0 0
CITIGROUP INC COM NEW 172967424 3,311 53,695 SH   SOLE   53,695 0 0
CITIZENS FINL GROUP INC COM 174610105 30,656 857,259 SH   SOLE   857,259 0 0
COMERICA INC COM 200340107 24,091 431,271 SH   SOLE   431,271 0 0
CONNECTONE BANCORP INC COM 20786W107 3,026 152,928 SH   SOLE   152,928 0 0
DIME CMNTY BANCSHARES INC COM 253922108 31,731 2,012,138 SH   SOLE   2,012,138 0 0
DISCOVER FINL SVCS COM 254709108 14,005 154,697 SH   SOLE   154,697 0 0
EAGLE BANCORP INC MD COM 268948106 1,900 46,012 SH   SOLE   46,012 0 0
EAST WEST BANCORP INC COM 27579R104 11,413 225,060 SH   SOLE   225,060 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 11,971 623,816 SH   SOLE   623,816 0 0
EVERCORE INC CLASS A 29977A105 10,637 97,016 SH   SOLE   97,016 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 13,063 334,183 SH   SOLE   334,183 0 0
FIFTH THIRD BANCORP COM 316773100 2,581 93,607 SH   SOLE   93,607 0 0
FINANCIAL INSTNS INC COM 317585404 1,514 67,267 SH   SOLE   67,267 0 0
FIRST AMERN FINL CORP COM 31847R102 1,593 30,863 SH   SOLE   30,863 0 0
FIRST BANCORP N C COM 318910106 4,170 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 2,525 117,192 SH   SOLE   117,192 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 8,630 15,028 SH   SOLE   15,028 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 58,187 1,427,548 SH   SOLE   1,427,548 0 0
F N B CORP COM 302520101 16,370 1,723,108 SH   SOLE   1,723,108 0 0
GORES HLDGS IV INC COM CL A 382865103 7,311 556,842 SH   SOLE   556,842 0 0
GREAT WESTN BANCORP INC COM 391416104 11,054 528,911 SH   SOLE   528,911 0 0
GUILD HLDGS CO CL A 40172N107 16,629 981,669 SH   SOLE   981,669 0 0
HERITAGE FINL CORP WASH COM 42722X106 5,397 230,737 SH   SOLE   230,737 0 0
HOME BANCSHARES INC COM 436893200 3,244 166,538 SH   SOLE   166,538 0 0
HONEYWELL INTL INC COM 438516106 34,702 163,150 SH   SOLE   163,150 0 0
J ALEXANDERS HLDGS INC COM 46609J106 140 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 65,124 512,504 SH   SOLE   512,504 0 0
KB HOME COM 48666K109 16,678 497,553 SH   SOLE   497,553 0 0
KEYCORP COM 493267108 3,760 229,101 SH   SOLE   229,101 0 0
SPDR SER TR S&P REGL BKG 78464A698 244 4,695 SH Put SOLE   4,695 0 0
LAKELAND BANCORP INC COM 511637100 3,577 281,681 SH   SOLE   281,681 0 0
LAZARD LTD SHS A G54050102 15,418 364,480 SH   SOLE   364,480 0 0
LENNAR CORP CL A 526057104 38,118 500,036 SH   SOLE   500,036 0 0
M & T BK CORP COM 55261F104 3,980 31,267 SH   SOLE   31,267 0 0
M/I HOMES INC COM 55305B101 38,251 863,640 SH   SOLE   863,640 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 11,643 951,223 SH   SOLE   951,223 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 264 628 SH Put SOLE   628 0 0
MERCHANTS BANCORP IND COM 58844R108 14,819 536,334 SH   SOLE   536,334 0 0
METROPOLITAN BK HLDG CORP COM 591774104 13,423 370,088 SH   SOLE   370,088 0 0
MORGAN STANLEY COM NEW 617446448 25,305 369,259 SH   SOLE   369,259 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 14,205 630,769 SH   SOLE   630,769 0 0
OLD NATL BANCORP IND COM 680033107 8,282 500,119 SH   SOLE   500,119 0 0
ONEMAIN HLDGS INC COM 68268W103 108,777 2,258,657 SH   SOLE   2,258,657 0 0
PACWEST BANCORP DEL COM 695263103 41,221 1,622,884 SH   SOLE   1,622,884 0 0
PARKE BANCORP INC COM 700885106 3,299 211,476 SH   SOLE   211,476 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 101,059 1,540,057 SH   SOLE   1,540,057 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 1,464 113,228 SH   SOLE   113,228 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 6,320 98,134 SH   SOLE   98,134 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 4,789 94,883 SH   SOLE   94,883 0 0
RBB BANCORP COM 74930B105 2,373 154,318 SH   SOLE   154,318 0 0
REGIONAL MGMT CORP COM 75902K106 42,481 1,422,674 SH   SOLE   1,422,674 0 0
SANDY SPRING BANCORP INC COM 800363103 667 20,707 SH   SOLE   20,707 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 44,997 332,598 SH   SOLE   332,598 0 0
SOUTH ST CORP COM 840441109 3,828 52,944 SH   SOLE   52,944 0 0
STERLING BANCORP DEL COM 85917A100 33,834 1,881,746 SH   SOLE   1,881,746 0 0
SYNOVUS FINL CORP COM NEW 87161C501 1,603 49,535 SH   SOLE   49,535 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 40,474 1,577,925 SH   SOLE   1,577,925 0 0
TIMBERLAND BANCORP INC COM 887098101 559 23,051 SH   SOLE   23,051 0 0
TOLL BROTHERS INC COM 889478103 21,789 501,253 SH   SOLE   501,253 0 0
TRICO BANCSHARES COM 896095106 4,868 137,981 SH   SOLE   137,981 0 0
UNITED BANKSHARES INC WEST V COM 909907107 7,179 221,569 SH   SOLE   221,569 0 0
US BANCORP DEL COM NEW 902973304 53,675 1,152,063 SH   SOLE   1,152,063 0 0
WELLS FARGO CO NEW COM 949746101 47,437 1,571,806 SH   SOLE   1,571,806 0 0
WESBANCO INC COM 950810101 1,763 58,859 SH   SOLE   58,859 0 0
WESTERN ALLIANCE BANCORP COM 957638109 7,452 124,305 SH   SOLE   124,305 0 0
ZIONS BANCORPORATION N A COM 989701107 7,380 169,898 SH   SOLE   169,898 0 0