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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNC INVT COM 00123Q104   2,070,000 200,000 SH   SOLE   200,000 0 0
AMERIS BANCORP COM 03076K108   11,431,309 242,297 SH   SOLE   242,297 0 0
ANNALY CAPITAL MANAGEMENT COM NEW 035710839   2,108,000 100,000 SH   SOLE   100,000 0 0
BANC OF CALIFORNIA COM 05990K106   54,189,384 3,401,719 SH   SOLE   3,401,719 0 0
BAYCOM COM 07272M107   1,518,400 80,000 SH   SOLE   80,000 0 0
CAPITAL ONE FINL COM 14040H105   8,835,848 95,050 SH   SOLE   95,050 0 0
CITIZENS FINL GROUP COM 174610105   11,990,252 304,553 SH   SOLE   304,553 0 0
CODORUS VY BANCORP COM 192025104   2,311,028 97,102 SH   SOLE   97,102 0 0
COMERICA COM 200340107   5,615,400 84,000 SH   SOLE   84,000 0 0
COMMUNITY WEST BANCSHARES COM 204157101   9,462,163 632,075 SH   SOLE   632,075 0 0
ENTERPRISE FINL SVCS COM 293712105   39,061,708 780,829 SH   SOLE   780,829 0 0
EVANS BANCORP COM NEW 29911Q208   20,327,036 543,649 SH   SOLE   543,649 0 0
F N B COM 302520101   24,596,183 1,884,765 SH   SOLE   1,884,765 0 0
FIFTH THIRD BANCORP COM 316773100   3,283,461 100,075 SH   SOLE   100,075 0 0
FINANCIAL INSTNS COM 317585404   5,573,568 228,800 SH   SOLE   228,800 0 0
FINWARD BANCORP COM 31812F109   3,592,017 99,227 SH   SOLE   99,227 0 0
FIRST INTERNET BANCORP COM 320557101   437,040 18,000 SH   SOLE   18,000 0 0
FIRST MERCHANTS COM 320817109   31,380,620 763,333 SH   SOLE   763,333 0 0
HARBORONE BANCORP INC. COM NEW 41165Y100   417,000 30,000 SH   SOLE   30,000 0 0
HAWTHORN BANCSHARES COM 420476103   7,738,103 355,448 SH   SOLE   355,448 0 0
HORIZON BANCORP COM 440407104   25,865,306 1,715,206 SH   SOLE   1,715,206 0 0
HUNTINGTON BANCSHARES COM 446150104   3,736,500 265,000 SH   SOLE   265,000 0 0
INDEPENDENT BK MICH COM 453838609   8,610,841 359,985 SH   SOLE   359,985 0 0
INVESCO MORTGAGE CAPITAL COM 46131B704   1,724,839 135,494 SH   SOLE   135,494 0 0
KEYCORP COM 493267108   3,919,500 225,000 SH   SOLE   225,000 0 0
LAKELAND BANCORP COM 511637100   3,786,150 215,000 SH   SOLE   215,000 0 0
LUMENT FINANCE TRUST COM 55025L108   2,995,384 1,576,518 SH   SOLE   1,576,518 0 0
MAGYAR BANCORP COM 55977T208   4,083,901 318,557 SH   SOLE   318,557 0 0
MALVERN BANCORP COM 561409103   13,382,808 753,961 SH   SOLE   753,961 0 0
MEDALLION FINL COM 583928106   357,000 50,000 SH   SOLE   50,000 0 0
MERCHANTS BANCORP IND COM 58844R108   5,223,790 214,794 SH   SOLE   214,794 0 0
MIDLAND STATES BANCORP INC COM 597742105   425,920 16,000 SH   SOLE   16,000 0 0
NEW YORK CMNTY BANCORP COM 649445103   4,634,540 538,900 SH   SOLE   538,900 0 0
OLD POINT FINL COM 680194107   16,881,642 625,246 SH   SOLE   625,246 0 0
PARTNERS BANCORP COM 70213Q108   249,755 28,189 SH   SOLE   28,189 0 0
PRIMIS FINANCIAL COM 74167B109   6,413,919 541,259 SH   SOLE   541,259 0 0
SOUTHERN FIRST BANCSHARES INC COM 842873101   594,750 13,000 SH   SOLE   13,000 0 0
SYNCHRONY FINANCIAL COM 87165B103   8,497,596 258,600 SH   SOLE   258,600 0 0
UMPQUA HLDGS COM 904214103   427,250 25,000 SH   SOLE   25,000 0 0
VALLEY NATIONAL BANCORP COM 919794107   542,880 48,000 SH   SOLE   48,000 0 0
WEBSTER FINL COM 947890109   2,139,863 45,202 SH   SOLE   45,202 0 0
WESTERN ALLIANCE BANCORP COM 957638109   2,084,600 35,000 SH   SOLE   35,000 0 0
ZIONS BANCORPORATION N A COM 989701107   1,425,640 29,000 SH   SOLE   29,000 0 0