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
ALLEGIANCE BANCSHARES INC COM 01748H107 11,175 257,781 SH   SOLE   257,781 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 6,363 323,800 SH   SOLE   323,800 0 0
BANK AMER CORP COM 060505104 13,573 481,500 SH   SOLE   481,500 0 0
BANNER CORP COM NEW 06652V208 11,176 185,870 SH   SOLE   185,870 0 0
BOFI HLDG INC COM 05566U108 15,558 380,297 SH   SOLE   380,297 0 0
BOK FINL CORP COM NEW 05561Q201 18,125 192,800 SH   SOLE   192,800 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 2,635 100,000 SH   SOLE   100,000 0 0
CAMBRIDGE BANCORP COM 132152109 7,068 81,671 SH   SOLE   81,671 0 0
CAROLINA FINL CORP NEW COM 143873107 6,667 155,329 SH   SOLE   155,329 0 0
CBTX INC COM 12481V104 9,169 277,420 SH   SOLE   277,420 0 0
CITIGROUP INC COM NEW 172967424 20,076 300,000 SH   SOLE   300,000 0 0
COMERICA INC COM 200340107 21,012 231,100 SH   SOLE   231,100 0 0
COMMUNITY BANKERS TR CORP COM 203612106 7,224 807,206 SH   SOLE   807,206 0 0
COMMUNITY WEST BANCSHARES COM 204157101 5,989 507,535 SH   SOLE   507,535 0 0
CONDOR HOSPITALITY TR INC COM NEW 20676Y403 2,822 271,392 SH   SOLE   271,392 0 0
EAST WEST BANCORP INC COM 27579R104 2,406 36,909 SH   SOLE   36,909 0 0
FB FINL CORP COM 30257X104 13,205 324,300 SH   SOLE   324,300 0 0
FIRST BANCORP N C COM 318910106 13,806 337,479 SH   SOLE   337,479 0 0
FIRST BANCORP P R COM NEW 318672706 13,909 1,818,173 SH   SOLE   1,818,173 0 0
FIRST BANCSHARES INC MS COM 318916103 20,802 578,633 SH   SOLE   578,633 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 8,287 596,222 SH   SOLE   596,222 0 0
FIRST FINL BANCORP OH COM 320209109 3,008 98,128 SH   SOLE   98,128 0 0
FIRST HORIZON NATL CORP COM 320517105 13,667 766,100 SH   SOLE   766,100 0 0
FIRST INTERNET BANCORP COM 320557101 27,978 820,476 SH   SOLE   820,476 0 0
FNB CORP PA COM 302520101 11,906 887,191 SH   SOLE   887,191 0 0
GREAT WESTN BANCORP INC COM 391416104 7,138 170,000 SH   SOLE   170,000 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 6,908 231,817 SH   SOLE   231,817 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 11,742 251,700 SH   SOLE   251,700 0 0
HANMI FINL CORP COM NEW 410495204 6,974 246,005 SH   SOLE   246,005 0 0
HERITAGE FINL CORP WASH COM 42722X106 13,935 399,856 SH   SOLE   399,856 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 5,883 230,720 SH   SOLE   230,720 0 0
INDEPENDENT BK GROUP INC COM 45384B106 11,343 169,800 SH   SOLE   169,800 0 0
INVESTAR HLDG CORP COM 46134L105 9,959 360,190 SH   SOLE   360,190 0 0
JEFFERIES FINL GROUP INC COM 47233W109 29,739 1,307,800 SH   SOLE   1,307,800 0 0
LEGACY TEX FINL GROUP INC COM 52471Y106 6,394 163,852 SH   SOLE   163,852 0 0
MACKINAC FINL CORP COM 554571109 3,316 200,000 SH   SOLE   200,000 0 0
MIDDLEFIELD BANC CORP COM NEW 596304204 3,565 70,325 SH   SOLE   70,325 0 0
OLD POINT FINL CORP COM 680194107 5,084 176,157 SH   SOLE   176,157 0 0
OLD SECOND BANCORP INC ILL COM 680277100 9,924 689,180 SH   SOLE   689,180 0 0
OP BANCORP COM 67109R109 9,792 769,784 SH   SOLE   769,784 0 0
OPUS BK IRVINE CALIF COM 684000102 16,361 570,078 SH   SOLE   570,078 0 0
PACIFIC PREMIER BANCORP COM 69478X105 17,152 449,583 SH   SOLE   449,583 0 0
PACWEST BANCORP DEL COM 695263103 16,680 337,514 SH   SOLE   337,514 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 20,139 327,672 SH   SOLE   327,672 0 0
PROVIDENT BANCORP INC COM 74383X109 1,913 73,030 SH   SOLE   73,030 0 0
QCR HOLDINGS INC COM 74727A104 14,064 296,400 SH   SOLE   296,400 0 0
REGIONS FINL CORP NEW COM 7591EP100 6,842 384,800 SH   SOLE   384,800 0 0
RELIANT BANCORP INC COM 75956B101 6,555 233,700 SH   SOLE   233,700 0 0
SANDY SPRING BANCORP INC COM 800363103 15,350 374,291 SH   SOLE   374,291 0 0
SB FINL GROUP INC COM COM 78408D105 3,078 151,464 SH   SOLE   151,464 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 5,781 183,067 SH   SOLE   183,067 0 0
SMARTFINANCIAL INC COM NEW 83190L208 6,169 239,489 SH   SOLE   239,489 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 8,414 471,633 SH   SOLE   471,633 0 0
SVB FINL GROUP COM 78486Q101 15,936 55,188 SH   SOLE   55,188 0 0
SYNOVUS FINL CORP COM NEW 87161C501 9,862 186,671 SH   SOLE   186,671 0 0
TFS FINL CORP COM 87240R107 24,318 1,542,021 SH   SOLE   1,542,021 0 0
TRIUMPH BANCORP INC COM 89679E300 10,293 252,600 SH   SOLE   252,600 0 0
VERITEX HLDGS INC COM 923451108 10,959 352,711 SH   SOLE   352,711 0 0
WELLS FARGO CO NEW COM 949746101 18,672 336,800 SH   SOLE   336,800 0 0
WINTRUST FINL CORP COM 97650W108 6,367 73,137 SH   SOLE   73,137 0 0
ZIONS BANCORPORATION COM 989701107 20,340 386,034 SH   SOLE   386,034 0 0