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 614 15,000 SH   SOLE   15,000 0 0
AFFIRM HLDGS INC COM CL A 00827B106 1,806 100,000 SH   SOLE   100,000 0 0
ALGOMA STL GROUP INC COM 015658107 242 27,000 SH   SOLE   27,000 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 2,019 53,473 SH   SOLE   31,522 21,951 0
ALLY FINL INC COM 02005N100 2,943 87,824 SH   SOLE   68,871 18,953 0
AMERICAN AIRLS GROUP INC COM 02376R102 127 10,000 SH   SOLE   10,000 0 0
APA CORPORATION COM 03743Q108 873 25,000 SH   SOLE   25,000 0 0
ASSURED GUARANTY LTD COM G0585R106 3,520 63,098 SH   SOLE   63,098 0 0
B & G FOODS INC NEW COM 05508R106 238 10,000 SH   SOLE   10,000 0 0
BANC OF CALIFORNIA INC COM 05990K106 9,106 516,778 SH   SOLE   443,027 73,751 0
BANKUNITED INC COM 06652K103 4,723 132,791 SH   SOLE   115,586 17,205 0
BK OF AMERICA CORP COM 060505104 3,346 107,500 SH   SOLE   107,500 0 0
BLOCK INC CL A 852234103 786 12,793 SH   SOLE   12,793 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 6,297 390,126 SH   SOLE   306,325 83,801 0
BRIGHTHOUSE FINL INC COM 10922N103 7,274 177,321 SH   SOLE   177,321 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 2,016 111,960 SH   SOLE   111,960 0 0
BROADWAY FINL CORP DEL COM 111444105 669 631,246 SH   SOLE   631,246 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 8,142 382,060 SH   SOLE   382,060 0 0
CADENCE BANK COM 12740C103 3,139 133,677 SH   SOLE   133,677 0 0
CALIFORNIA BANCORP INC COM 13005U101 2,765 143,484 SH   SOLE   143,484 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,891 18,152 SH   SOLE   10,721 7,431 0
CITIGROUP INC COM NEW 172967424 230 5,000 SH   SOLE   5,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 16,799 440,690 SH   SOLE   414,858 25,832 0
CONNECTONE BANCORP INC COM 20786W107 5,623 229,987 SH   SOLE   177,675 52,312 0
CRA INTL INC COM 12618T105 1,614 18,069 SH   SOLE   18,069 0 0
CROSSFIRST BANKSHARES INC COM 22766M109 13,897 1,052,827 SH   SOLE   1,052,827 0 0
CUMULUS MEDIA INC COM CL A 231082801 251 32,500 SH   SOLE   32,500 0 0
CUSTOMERS BANCORP INC COM 23204G100 3,729 110,000 SH   SOLE   110,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 435 15,000 SH   SOLE   15,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 281 5,100 SH   SOLE   5,100 0 0
EAST WEST BANCORP INC COM 27579R104 3,568 55,061 SH   SOLE   55,061 0 0
EASTERN BANKSHARES INC COM 27627N105 3,387 183,489 SH   SOLE   108,158 75,331 0
ELLINGTON FINANCIAL INC COM 28852N109 734 50,000 SH   SOLE   50,000 0 0
ENCORE CAP GROUP INC COM 292554102 3,327 57,590 SH   SOLE   57,590 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 749 75,000 SH   SOLE   75,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 366 15,000 SH   SOLE   15,000 0 0
EQUITABLE HLDGS INC COM 29452E101 3,287 126,066 SH   SOLE   126,066 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 6,749 231,435 SH   SOLE   181,038 50,397 0
FIFTH THIRD BANCORP COM 316773100 2,162 64,356 SH   SOLE   37,931 26,425 0
FINANCE OF AMERICA COMPAN COM CL A 31738L107 552 351,377 SH   SOLE   351,377 0 0
FIRST BANCSHARES INC MS COM 318916103 1,906 66,627 SH   SOLE   39,350 27,277 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 6,563 10,038 SH   SOLE   8,666 1,372 0
FIRST MERCHANTS CORP COM 320817109 3,314 93,041 SH   SOLE   93,041 0 0
FIRST UTD CORP COM 33741H107 4,853 258,673 SH   SOLE   258,673 0 0
FORGEROCK INC CL A 34631B101 536 25,000 SH   SOLE   25,000 0 0
GENWORTH FINL INC COM CL A 37247D106 177 50,000 SH   SOLE   50,000 0 0
GOOD TIMES RESTAURANTS INC COM NEW 382140879 95 31,464 SH   SOLE   31,464 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 8,694 196,127 SH   SOLE   173,120 23,007 0
HANMI FINL CORP COM NEW 410495204 1,872 83,437 SH   SOLE   49,152 34,285 0
HILLTOP HOLDINGS INC COM 432748101 2,399 90,000 SH   SOLE   90,000 0 0
HOMETRUST BANCSHARES INC COM 437872104 2,434 97,368 SH   SOLE   57,367 40,001 0
HUDSON PAC PPTYS INC COM 444097109 148 10,000 SH   SOLE   10,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 1,084 6,400 SH Put SOLE   6,400 0 0
JACKSON FINANCIAL INC COM CL A 46817M107 43,412 1,622,878 SH   SOLE   1,622,878 0 0
JPMORGAN CHASE & CO COM 46625H100 225 2,000 SH   SOLE   2,000 0 0
KEYCORP COM 493267108 1,792 104,000 SH   SOLE   104,000 0 0
LAKELAND BANCORP INC COM 511637100 1,762 120,506 SH   SOLE   70,861 49,645 0
LATCH INC COM 51818V106 741 650,000 SH   SOLE   650,000 0 0
LIMESTONE BANCORP INC COM 53262L105 5,508 299,219 SH   SOLE   299,219 0 0
LIVE OAK BANCSHARES INC COM 53803X105 1,234 36,424 SH   SOLE   21,350 15,074 0
M & T BK CORP COM 55261F104 12,256 76,892 SH   SOLE   68,753 8,139 0
MAINSTREET BANCSHARES INC COM 56064Y100 9,160 402,288 SH   SOLE   402,288 0 0
MALVERN BANCORP INC COM 561409103 10,036 624,487 SH   SOLE   624,487 0 0
MARATHON PETE CORP COM 56585A102 250 3,039 SH   SOLE   3,039 0 0
MERCHANTS BANCORP IND COM 58844R108 2,167 95,582 SH   SOLE   95,582 0 0
METROPOLITAN BK HLDG CORP COM 591774104 25,137 362,103 SH   SOLE   334,304 27,799 0
MONEYLION INC CL A 60938K106 132 100,000 SH   SOLE   100,000 0 0
MONEYLION INC *W EXP 09/22/202 60938K114 9 50,000 SH   SOLE   50,000 0 0
MVB FINL CORP COM 553810102 15,130 486,325 SH   SOLE   486,325 0 0
NATIONAL BK HLDGS CORP CL A 633707104 2,381 62,222 SH   SOLE   36,736 25,486 0
NEXPOINT DIVERSIFIED REL ET COM NEW 65340G205 7,377 447,359 SH   SOLE   447,359 0 0
NEXTDOOR HOLDINGS INC COM CL A 65345M108 83 25,000 SH   SOLE   25,000 0 0
OCEANFIRST FINL CORP COM 675234108 2,266 118,451 SH   SOLE   69,819 48,632 0
OLD NATL BANCORP IND COM 680033107 9,613 649,979 SH   SOLE   585,857 64,122 0
OLD SECOND BANCORP INC ILL COM 680277100 10,338 772,618 SH   SOLE   704,510 68,108 0
ONEMAIN HLDGS INC COM 68268W103 5,384 144,033 SH   SOLE   125,598 18,435 0
OP BANCORP COM 67109R109 3,392 323,368 SH   SOLE   323,368 0 0
ORIGIN BANCORP INC COM 68621T102 2,823 72,753 SH   SOLE   42,843 29,910 0
PACWEST BANCORP DEL COM 695263103 4,482 168,114 SH   SOLE   129,302 38,812 0
PAGAYA TECHNOLOGIES LTD CL A SHS M7S64L115 74,791 17,892,500 SH   SOLE   17,892,500 0 0
PAGAYA TECHNOLOGIES LTD *W EXP 09/01/202 M7S64L107 1,963 5,166,667 SH   SOLE   5,166,667 0 0
PAYPAL HLDGS INC COM 70450Y103 715 10,234 SH   SOLE   10,234 0 0
PCB BANCORP COM 69320M109 6,958 372,461 SH   SOLE   334,447 38,014 0
PEABODY ENGR CORP COM 704551100 320 15,000 SH   SOLE   15,000 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 7,852 264,374 SH   SOLE   223,424 40,950 0
PEOPLES BANCORP INC COM 709789101 2,225 83,656 SH   SOLE   49,416 34,240 0
PIONEER NAT RES CO COM 723787107 335 1,500 SH   SOLE   1,500 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106 2,897 313,494 SH   SOLE   313,494 0 0
POPULAR INC COM NEW 733174700 8,794 114,309 SH   SOLE   96,928 17,381 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 6,332 93,086 SH   SOLE   74,979 18,107 0
PREMIER FINANCIAL CORP COM 74052F108 3,406 134,374 SH   SOLE   79,485 54,889 0
PRIMIS FINANCIAL CORP COM 74167B109 5,697 417,987 SH   SOLE   360,336 57,651 0
PROFESSIONAL HLDG CORP CL A COM 743139107 3,554 177,260 SH   SOLE   177,260 0 0
QCR HOLDINGS INC COM 74727A104 12,731 235,808 SH   SOLE   203,685 32,123 0
RED ROCK RESORTS INC CL A 75700L108 1,093 32,752 SH   SOLE   32,752 0 0
RHINEBECK BANCORP INC COM 762093102 3,776 408,254 SH   SOLE   408,254 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 645 172,955 SH   SOLE   172,955 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 2,264 72,000 SH Put SOLE   72,000 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 6,643 37,071 SH   SOLE   31,804 5,267 0
SILVERGATE CAP CORP CL A 82837P408 42,469 793,366 SH   SOLE   779,567 13,799 0
SIMON PPTY GROUP INC NEW COM 828806109 380 4,000 SH   SOLE   4,000 0 0
SLM CORP COM 78442P106 3,992 250,466 SH   SOLE   250,466 0 0
SNOWFLAKE INC CL A 833445109 209 1,500 SH   SOLE   1,500 0 0
SOFI TECHNOLOGIES INC NOTE 83406FAB8 3,960 6,000,000 PRN   SOLE   6,000,000 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 7,485 171,718 SH   SOLE   143,383 28,335 0
SPDR SER TR S&P REGL BKG 78464A698 339 5,844 SH   SOLE   3,844 2,000 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 1,931 46,000 SH   SOLE   46,000 0 0
SUMMIT FINL GROUP INC COM 86606G101 1,639 58,990 SH   SOLE   58,990 0 0
SVB FINANCIAL GROUP COM 78486Q101 4,258 10,780 SH   SOLE   8,927 1,853 0
SYNOVUS FINL CORP COM NEW 87161C501 8,224 228,135 SH   SOLE   194,126 34,009 0
TRINITY CAP INC COM 896442308 217 15,000 SH   SOLE   15,000 0 0
TRIUMPH BANCORP INC COM 89679E300 1,772 28,328 SH   SOLE   28,328 0 0
UNITED SEC BANCSHARES CALIF COM 911460103 2,053 269,479 SH   SOLE   269,479 0 0
USD PARTNERS LP COM UT REP LTD 903318103 130 25,000 SH   SOLE   25,000 0 0
WASHINGTON FED INC COM 938824109 1,797 59,852 SH   SOLE   59,852 0 0
WEBSTER FINL CORP COM 947890109 3,844 91,200 SH   SOLE   91,200 0 0
WEST FRASER TIMBER CO LTD COM 952845105 491 6,400 SH   SOLE   6,400 0 0
WESTERN ALLIANCE BANCORP COM 957638109 7,321 103,698 SH   SOLE   90,385 13,313 0
WINTRUST FINL CORP COM 97650W108 3,370 42,050 SH   SOLE   24,819 17,231 0
ZIONS BANCORPORATION N A COM 989701107 8,535 167,674 SH   SOLE   167,674 0 0