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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AG MTG INVT TR INC COM NEW 001228501   2,085,825 340,821 SH   SOLE   340,821 0 0
AGNC INVT CORP COM 00123Q104   1,247,400 126,000 SH   SOLE   126,000 0 0
ALLSTATE CORP COM 020002101   9,948,075 57,500 SH   SOLE   57,500 0 0
A-MARK PRECIOUS METALS INC COM 00181T107   10,258,071 334,248 SH   SOLE   334,248 0 0
COASTAL FINL CORP WA COM NEW 19046P209   7,180,144 184,722 SH   SOLE   184,722 0 0
EAST WEST BANCORP INC COM 27579R104   1,779,975 22,500 SH   SOLE   22,500 0 0
ELLINGTON FINANCIAL INC COM 28852N109   4,576,375 387,500 SH   SOLE   387,500 0 0
ESQUIRE FINL HLDGS INC COM 29667J101   3,235,745 68,164 SH   SOLE   68,164 0 0
EVERQUOTE INC COM CL A 30041R108   3,176,860 171,167 SH   SOLE   171,167 0 0
FIRST BK WILLIAMSTOWN NEW JE COM 31931U102   1,173,602 85,415 SH   SOLE   85,415 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   2,861,250 1,750 SH   SOLE   1,750 0 0
FIRST MID ILL BANCSHARES INC COM 320866106   3,520,911 107,739 SH   SOLE   107,739 0 0
LINKBANCORP INC COM 53578P105   641,006 92,364 SH   SOLE   92,364 0 0
MEDIAALPHA INC CL A 58450V104   4,583,250 225,000 SH   SOLE   225,000 0 0
OFG BANCORP COM 67103X102   6,601,137 179,330 SH   SOLE   179,330 0 0
OLD SECOND BANCORP INC ILL COM 680277100   2,486,951 179,693 SH   SOLE   179,693 0 0
PACIFIC PREMIER BANCORP COM 69478X105   3,388,944 141,206 SH   SOLE   141,206 0 0
POPULAR INC COM NEW 733174700   8,809,000 100,000 SH   SOLE   100,000 0 0
PROGRESSIVE CORP COM 743315103   4,394,925 21,250 SH   SOLE   21,250 0 0
PROSPERITY BANCSHARES INC COM 743606105   5,920,200 90,000 SH   SOLE   90,000 0 0
QCR HOLDINGS INC COM 74727A104   7,538,927 124,118 SH   SOLE   124,118 0 0
QUINSTREET INC COM 74874Q100   7,505,500 425,000 SH   SOLE   425,000 0 0
SERVISFIRST BANCSHARES INC COM 81768T108   1,493,100 22,500 SH   SOLE   22,500 0 0
SILVER SPIKE INVESTMENT CORP COM 828174102   1,531,834 159,400 SH   SOLE   159,400 0 0
SPROTT INC COM NEW 852066208   15,401,084 416,696 SH   SOLE   416,696 0 0
TRUIST FINL CORP COM 89832Q109   2,436,250 62,500 SH   SOLE   62,500 0 0
WESTAMERICA BANCORPORATION COM 957090103   6,843,200 140,000 SH   SOLE   140,000 0 0