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
1ST CONSTITUTION BANCORP COM 31986N102 1,764 148,201 SH   SOLE   148,201 0 0
AGNC INVT CORP COM 00123Q104 10,065 723,600 SH   SOLE   723,600 0 0
AMERIS BANCORP COM 03076K108 7,187 315,500 SH   SOLE   315,500 0 0
AXOS FINANCIAL INC COM 05465C100 6,946 297,997 SH   SOLE   297,997 0 0
BK OF AMERICA CORP COM 060505104 11,052 458,789 SH   SOLE   458,789 0 0
CADENCE BANCORPORATION CL A 12739A100 12,788 1,488,727 SH   SOLE   1,488,727 0 0
CAMBRIDGE BANCORP COM 132152109 6,160 115,871 SH   SOLE   115,871 0 0
CBTX INC COM 12481V104 796 48,700 SH   SOLE   48,700 0 0
CITIGROUP INC COM NEW 172967424 2,781 64,500 SH   SOLE   64,500 0 0
CITIZENS FINL GROUP INC COM 174610105 13,986 553,236 SH   SOLE   553,236 0 0
COMMUNITY BANKERS TR CORP COM 203612106 3,301 649,831 SH   SOLE   649,831 0 0
CONNECTONE BANCORP INC COM 20786W107 4,311 306,414 SH   SOLE   306,414 0 0
EAST WEST BANCORP INC COM 27579R104 8,780 268,165 SH   SOLE   268,165 0 0
F N B CORP COM 302520101 5,463 805,791 SH   SOLE   805,791 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 14,750 100,200 SH   SOLE   100,200 0 0
FIRST BANCORP P R COM NEW 318672706 6,329 1,212,521 SH   SOLE   1,212,521 0 0
FIRST BANCSHARES INC MS COM 318916103 9,711 463,098 SH   SOLE   463,098 0 0
FIRST INTERNET BANCORP COM 320557101 11,832 803,283 SH   SOLE   803,283 0 0
FISERV INC COM 337738108 15,241 147,900 SH   SOLE   147,900 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 9,371 498,168 SH   SOLE   498,168 0 0
HOME BANCSHARES INC COM 436893200 7,327 483,300 SH   SOLE   483,300 0 0
INDEPENDENT BK GROUP INC COM 45384B106 18,980 429,596 SH   SOLE   429,596 0 0
INVESTAR HLDG CORP COM 46134L105 6,207 484,175 SH   SOLE   484,175 0 0
JPMORGAN CHASE & CO COM 46625H100 8,664 90,000 SH   SOLE   90,000 0 0
MACKINAC FINL CORP COM 554571109 329 34,104 SH   SOLE   34,104 0 0
OLD SECOND BANCORP INC ILL COM 680277100 3,663 488,771 SH   SOLE   488,771 0 0
OP BANCORP COM 67109R109 2,132 372,796 SH   SOLE   372,796 0 0
PACIFIC PREMIER BANCORP COM 69478X105 16,650 826,701 SH   SOLE   826,701 0 0
PACWEST BANCORP DEL COM 695263103 7,086 414,900 SH   SOLE   414,900 0 0
PAYPAL HLDGS INC COM 70450Y103 14,541 73,800 SH   SOLE   73,800 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 5,477 153,899 SH   SOLE   153,899 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 5,811 180,902 SH   SOLE   180,902 0 0
PROSPERITY BANCSHARES INC COM 743606105 10,698 206,400 SH   SOLE   206,400 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 8,198 710,982 SH   SOLE   710,982 0 0
SB FINL GROUP INC COM 78408D105 1,779 131,855 SH   SOLE   131,855 0 0
SOUTH ST CORP COM 840441109 6,856 142,390 SH   SOLE   142,390 0 0
SVB FINANCIAL GROUP COM 78486Q101 18,501 76,888 SH   SOLE   76,888 0 0
SYNCHRONY FINANCIAL COM 87165B103 13,608 520,000 SH   SOLE   520,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501 2,436 115,090 SH   SOLE   115,090 0 0
TCF FINL CORP COM 872307103 12,160 520,543 SH   SOLE   520,543 0 0
TFS FINL CORP COM 87240R107 10,644 724,602 SH   SOLE   724,602 0 0
TRUIST FINL CORP COM 89832Q109 18,808 494,300 SH   SOLE   494,300 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 4,656 275,000 SH   SOLE   275,000 0 0
US BANCORP DEL COM NEW 902973304 19,018 530,500 SH   SOLE   530,500 0 0
VERITEX HLDGS INC COM 923451108 8,936 524,710 SH   SOLE   524,710 0 0
WESTERN ALLIANCE BANCORP COM 957638109 17,116 541,300 SH   SOLE   541,300 0 0
WSFS FINL CORP COM 929328102 1,618 60,000 SH   SOLE   60,000 0 0
ZIONS BANCORPORATION N A COM 989701107 10,751 367,929 SH   SOLE   367,929 0 0