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
BANC OF CALIFORNIA INC COM 05990K106   5,279,741 347,123 SH   SOLE   347,123 0 0
BANK OF THE JAMES FINL GP IN COM 470299108   137,322 13,255 SH   SOLE   13,255 0 0
BV FINL INC COM NEW 05603E208   111,554 10,799 SH   SOLE   10,799 0 0
BYLINE BANCORP INC COM 124411109   757,137 34,859 SH   SOLE   34,859 0 0
C & F FINL CORP COM 12466Q104   412,629 8,421 SH   SOLE   8,421 0 0
CITIZENS FINL GROUP INC COM 174610105   1,110,837 30,610 SH   SOLE   30,610 0 0
CNB FINL CORP PA COM 126128107   905,867 44,427 SH   SOLE   44,427 0 0
CODORUS VY BANCORP INC COM 192025104   987,488 43,387 SH   SOLE   43,387 0 0
COMERICA INC COM 200340107   4,231,535 76,951 SH   SOLE   76,951 0 0
COMMUNITY TR BANCORP INC COM 204149108   550,398 12,905 SH   SOLE   12,905 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   748,944 38,886 SH   SOLE   38,886 0 0
EAGLE BANCORP INC MD COM 268948106   4,641,859 197,610 SH   SOLE   197,610 0 0
ENTERPRISE BANCORP INC MASS COM 293668109   539,293 20,766 SH   SOLE   20,766 0 0
FIRST CTZNS BANCHSARES INC N CL A 31946M103   6,177,030 3,778 SH   SOLE   3,778 0 0
FIRST FINL CORP IND COM 320218100   1,996,725 52,093 SH   SOLE   52,093 0 0
FIRST FNDTN INC COM 32026V104   4,734,363 627,068 SH   SOLE   627,068 0 0
FIRST HORIZON CORPORATION COM 320517105   2,415,367 156,842 SH   SOLE   156,842 0 0
FLUSHING FINL CORP COM 343873105   1,776,219 140,858 SH   SOLE   140,858 0 0
FS BANCORP INC COM 30263Y104   337,346 9,719 SH   SOLE   9,719 0 0
HANMI FINL CORP COM NEW 410495204   166,237 10,442 SH   SOLE   10,442 0 0
HMN FINL INC COM 40424G108   376,656 17,851 SH   SOLE   17,851 0 0
HOMETRUST BANCSHARES INC COM 437872104   913,211 33,402 SH   SOLE   33,402 0 0
MACATAWA BK CORP COM 554225102   662,607 67,682 SH   SOLE   67,682 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   509,461 28,054 SH   SOLE   28,054 0 0
MID PENN BANCORP INC COM 59540G107   289,165 14,451 SH   SOLE   14,451 0 0
NEW YORK CMNTY BANCORP INC COM 649445103   3,203,108 994,754 SH   SOLE   994,754 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100   1,945,408 123,675 SH   SOLE   123,675 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108   1,845,381 189,854 SH   SOLE   189,854 0 0
OP BANCORP COM 67109R109   1,622,419 162,567 SH   SOLE   162,567 0 0
PARKE BANCORP INC COM 700885106   1,384,322 80,367 SH   SOLE   80,367 0 0
PCB BANCORP COM 69320M109   1,168,558 71,559 SH   SOLE   71,559 0 0
PIONEER BANCORP INC MD COM 723561106   709,077 72,281 SH   SOLE   72,281 0 0
PRIMIS FINANCIAL CORP COM 74167B109   1,159,667 95,289 SH   SOLE   95,289 0 0
PROVIDENT BANCORP INC COM NEW 74383L105   409,728 45,025 SH   SOLE   45,025 0 0
RBB BANCORP COM 74930B105   1,360,980 75,568 SH   SOLE   75,568 0 0
RHINEBECK BANCORP INC COM 762093102   169,220 20,026 SH   SOLE   20,026 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   23,334,480 554,000 SH Put SOLE   554,000 0 0
SHORE BANCSHARES INC COM 825107105   202,032 17,568 SH   SOLE   17,568 0 0
SPDR SER TR S&P REGL BKG 78464A698   3,016,800 60,000 SH Put SOLE   60,000 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107   1,395,277 22,669 SH   SOLE   22,669 0 0
VERITEX HLDGS INC COM 923451108   4,001,533 195,292 SH   SOLE   195,292 0 0
WATERSTONE FINL INC MD COM 94188P101   262,483 21,568 SH   SOLE   21,568 0 0