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 635 15,000 SH   SOLE   15,000 0 0
AFFIRM HLDGS INC COM CL A 00827B106 5,534 295,000 SH   SOLE   295,000 0 0
ALGOMA STL GROUP INC COM 015658107 174 27,000 SH   SOLE   27,000 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 1,929 46,344 SH   SOLE   28,466 17,878 0
ALLY FINL INC COM 02005N100 2,155 77,442 SH   SOLE   61,780 15,662 0
APA CORPORATION COM 03743Q108 684 20,000 SH   SOLE   20,000 0 0
ASSURED GUARANTY LTD COM G0585R106 2,696 55,641 SH   SOLE   55,641 0 0
BANC OF CALIFORNIA INC COM 05990K106 9,111 570,515 SH   SOLE   510,333 60,182 0
BILL COM HLDGS INC COM 090043100 1,324 10,000 SH   SOLE   10,000 0 0
BLOCK INC CL A 852234103 841 15,293 SH   SOLE   15,293 0 0
BLOOM ENERGY CORP COM CL A 093712107 6,397 320,000 SH   SOLE   320,000 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 5,982 363,186 SH   SOLE   294,692 68,494 0
BRIGHTHOUSE FINL INC COM 10922N103 3,193 73,544 SH   SOLE   73,544 0 0
BRIGHTSPHERE INVT GROUP INC COM 10948W103 1,436 96,325 SH   SOLE   96,325 0 0
BROADWAY FINL CORP DEL COM 111444105 1,724 1,525,752 SH   SOLE   1,525,752 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 8,161 379,031 SH   SOLE   379,031 0 0
CADENCE BANK COM 12740C103 3,397 133,677 SH   SOLE   133,677 0 0
CALIFORNIA BANCORP INC COM 13005U101 2,901 143,484 SH   SOLE   143,484 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,452 15,752 SH   SOLE   9,672 6,080 0
CNB FINL CORP PA COM 126128107 2,006 85,106 SH   SOLE   85,106 0 0
COASTAL FINL CORP WA COM NEW 19046P209 11,626 292,549 SH   SOLE   256,788 35,761 0
CONCORD ACQUISITION CORP COM CL A 206071102 7,534 749,700 SH   SOLE   749,700 0 0
CONNECTONE BANCORP INC COM 20786W107 6,062 262,898 SH   SOLE   220,186 42,712 0
CRA INTL INC COM 12618T105 903 10,177 SH   SOLE   10,177 0 0
CROSSFIRST BANKSHARES INC COM 22766M109 11,988 918,631 SH   SOLE   918,631 0 0
CUMULUS MEDIA INC COM CL A 231082801 475 67,500 SH   SOLE   67,500 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 421 15,000 SH   SOLE   15,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 301 5,000 SH   SOLE   5,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109 301 2,500 SH   SOLE   2,500 0 0
EAST WEST BANCORP INC COM 27579R104 6,786 101,067 SH   SOLE   89,815 11,252 0
EASTERN BANKSHARES INC COM 27627N105 3,120 158,836 SH   SOLE   97,720 61,116 0
ELLINGTON FINANCIAL INC COM 28852N109 625 55,000 SH   SOLE   55,000 0 0
ENCORE CAP GROUP INC COM 292554102 1,937 42,590 SH   SOLE   42,590 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 1,103 99,989 SH   SOLE   99,989 0 0
EQUITABLE HLDGS INC COM 29452E101 2,551 96,821 SH   SOLE   96,821 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 6,364 214,779 SH   SOLE   173,839 40,940 0
FIFTH THIRD BANCORP COM 316773100 1,781 55,732 SH   SOLE   34,153 21,579 0
FIRST BANCSHARES INC MS COM 318916103 13,214 442,392 SH   SOLE   420,146 22,246 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 2,321 2,910 SH   SOLE   1,786 1,124 0
FIRST MERCHANTS CORP COM 320817109 3,599 93,041 SH   SOLE   93,041 0 0
FIRST UTD CORP COM 33741H107 4,228 255,473 SH   SOLE   255,473 0 0
FORGEROCK INC CL A 34631B101 436 30,000 SH   SOLE   30,000 0 0
GOOD TIMES RESTAURANTS INC COM NEW 382140879 68 31,464 SH   SOLE   31,464 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 8,591 187,543 SH   SOLE   168,730 18,813 0
HERITAGE FINL CORP WASH COM 42722X106 6,510 245,926 SH   SOLE   208,840 37,086 0
HILLTOP HOLDINGS INC COM 432748101 1,938 78,000 SH   SOLE   78,000 0 0
HUDSON PAC PPTYS INC COM 444097109 110 10,000 SH   SOLE   10,000 0 0
INTUIT COM 461202103 1,162 3,000 SH   SOLE   3,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 133,630 500,000 SH Call SOLE   500,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 1,402 8,500 SH Put SOLE   8,500 0 0
JACKSON FINANCIAL INC COM CL A 46817M107 37,281 1,343,446 SH   SOLE   1,343,446 0 0
JPMORGAN CHASE & CO COM 46625H100 209 2,000 SH   SOLE   2,000 0 0
LATCH INC COM 51818V106 477 500,000 SH   SOLE   500,000 0 0
LIMESTONE BANCORP INC COM 53262L105 5,871 299,219 SH   SOLE   299,219 0 0
LINKBANCORP INC COM 53578P105 3,341 445,500 SH   SOLE   445,500 0 0
LIVE OAK BANCSHARES INC COM 53803X105 964 31,514 SH   SOLE   19,248 12,266 0
M & T BK CORP COM 55261F104 10,036 56,917 SH   SOLE   50,309 6,608 0
MAINSTREET BANCSHARES INC COM 56064Y100 4,736 207,633 SH   SOLE   207,633 0 0
MALVERN BANCORP INC COM 561409103 7,464 519,446 SH   SOLE   519,446 0 0
MARATHON PETE CORP COM 56585A102 302 3,039 SH   SOLE   3,039 0 0
MARQETA INC CLASS A COM 57142B104 7,476 1,050,000 SH   SOLE   1,050,000 0 0
MERCHANTS BANCORP IND COM 58844R108 2,205 95,582 SH   SOLE   95,582 0 0
META PLATFORMS INC CL A 30303M102 204 1,500 SH   SOLE   1,500 0 0
METROPOLITAN BK HLDG CORP COM 591774104 11,683 181,521 SH   SOLE   158,747 22,774 0
MONEYLION INC *W EXP 09/22/202 60938K114 6 50,000 SH   SOLE   50,000 0 0
MVB FINL CORP COM 553810102 6,958 250,000 SH   SOLE   250,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 1,993 53,885 SH   SOLE   33,159 20,726 0
NCR CORP NEW COM 62886E108 951 50,000 SH   SOLE   50,000 0 0
NEXPOINT DIVERSIFIED REL ET COM NEW 65340G205 4,828 384,673 SH   SOLE   384,673 0 0
OCEANFIRST FINL CORP COM 675234108 1,912 102,577 SH   SOLE   63,070 39,507 0
OLD NATL BANCORP IND COM 680033107 10,289 624,684 SH   SOLE   572,304 52,380 0
OLD SECOND BANCORP INC ILL COM 680277100 10,070 771,682 SH   SOLE   716,083 55,599 0
ONEMAIN HLDGS INC COM 68268W103 2,007 67,995 SH   SOLE   52,943 15,052 0
OP BANCORP COM 67109R109 2,569 231,047 SH   SOLE   231,047 0 0
ORIGIN BANCORP INC COM 68621T102 2,423 62,997 SH   SOLE   38,697 24,300 0
PACWEST BANCORP DEL COM 695263103 1,848 81,753 SH   SOLE   49,979 31,774 0
PAGAYA TECHNOLOGIES LTD CL A SHS M7S64L115 32,385 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 881 10,234 SH   SOLE   10,234 0 0
PCB BANCORP COM 69320M109 6,462 357,627 SH   SOLE   326,705 30,922 0
PEABODY ENGR CORP COM 704551100 745 30,000 SH   SOLE   30,000 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 4,783 142,143 SH   SOLE   108,908 33,235 0
PEOPLES BANCORP INC COM 709789101 2,099 72,560 SH   SOLE   44,639 27,921 0
PIONEER NAT RES CO COM 723787107 325 1,500 SH   SOLE   1,500 0 0
PLUG POWER INC COM NEW 72919P202 13,131 625,000 SH   SOLE   625,000 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106 2,872 313,494 SH   SOLE   313,494 0 0
POPULAR INC COM NEW 733174700 7,783 108,013 SH   SOLE   93,866 14,147 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 5,682 87,110 SH   SOLE   72,401 14,709 0
PREMIER FINANCIAL CORP COM 74052F108 2,022 78,664 SH   SOLE   48,232 30,432 0
PRIMIS FINANCIAL CORP COM 74167B109 4,840 399,014 SH   SOLE   352,192 46,822 0
Q2 HLDGS INC COM 74736L109 1,047 32,500 SH   SOLE   32,500 0 0
QCR HOLDINGS INC COM 74727A104 9,886 194,068 SH   SOLE   167,939 26,129 0
RED ROCK RESORTS INC CL A 75700L108 728 21,255 SH   SOLE   21,255 0 0
RHINEBECK BANCORP INC COM 762093102 3,980 408,254 SH   SOLE   408,254 0 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 579 155,123 SH   SOLE   155,123 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 1,822 60,000 SH Put SOLE   60,000 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 4,207 27,859 SH   SOLE   23,567 4,292 0
SILVERGATE CAP CORP CL A 82837P408 47,903 635,737 SH   SOLE   624,514 11,223 0
SIMON PPTY GROUP INC NEW COM 828806109 359 4,000 SH   SOLE   4,000 0 0
SLM CORP COM 78442P106 2,866 204,894 SH   SOLE   204,894 0 0
SNOWFLAKE INC CL A 833445109 1,360 8,000 SH   SOLE   8,000 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 6,769 162,487 SH   SOLE   139,361 23,126 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 1,756 42,304 SH   SOLE   42,304 0 0
SVB FINANCIAL GROUP COM 78486Q101 1,303 3,881 SH   SOLE   2,368 1,513 0
SYNOVUS FINL CORP COM NEW 87161C501 8,094 215,789 SH   SOLE   188,011 27,778 0
THE ODP CORP COM 88337F105 527 15,000 SH   SOLE   15,000 0 0
TOAST INC CL A 888787108 1,254 75,000 SH   SOLE   75,000 0 0
TRINITY CAP INC COM 896442308 338 27,000 SH   SOLE   27,000 0 0
UNITED SEC BANCSHARES CALIF COM 911460103 1,757 269,479 SH   SOLE   269,479 0 0
USD PARTNERS LP COM UT REP LTD 903318103 101 25,000 SH   SOLE   25,000 0 0
WASHINGTON FED INC COM 938824109 1,238 41,293 SH   SOLE   41,293 0 0
WEBSTER FINL CORP COM 947890109 6,259 138,464 SH   SOLE   121,800 16,664 0
WEST FRASER TIMBER CO LTD COM 952845105 362 5,000 SH   SOLE   5,000 0 0
WESTERN ALLIANCE BANCORP COM 957638109 3,991 60,710 SH   SOLE   49,884 10,826 0
WINTRUST FINL CORP COM 97650W108 2,971 36,434 SH   SOLE   22,367 14,067 0
ZIONS BANCORPORATION N A COM 989701107 7,387 145,248 SH   SOLE   134,173 11,075 0