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
AERCAP HOLDINGS NV SHS N00985106 42,275 734,967 SH   SOLE   734,967 0 0
AIR LEASE CORP CL A 00912X302 50,271 1,095,700 SH   SOLE   1,095,700 0 0
ALLY FINL INC COM 02005N100 179,072 6,770,190 SH   SOLE   6,770,190 0 0
AMERICAN RIVER BANKSHARES COM 029326105 10,274 670,650 SH   SOLE   670,650 0 0
APPLE INC COM 037833100 3,453 15,296 SH   SOLE   15,296 0 0
BANK AMER CORP COM 060505104 34,269 1,163,234 SH   SOLE   1,163,234 0 0
BANK COMM HLDGS COM 06424J103 9,086 744,765 SH   SOLE   744,765 0 0
BANK NEW YORK MELLON CORP COM 064058100 8,154 159,912 SH   SOLE   159,912 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 6,700 423,771 SH   SOLE   423,771 0 0
BANNER CORP COM NEW 06652V208 1,079 17,349 SH   SOLE   17,349 0 0
BELDEN INC COM 077454106 3,943 55,222 SH   SOLE   55,222 0 0
BLACK KNIGHT INC COM 09215C105 5,323 102,472 SH   SOLE   102,472 0 0
BOFI HLDG INC COM 05566U108 16,538 480,899 SH   SOLE   480,899 0 0
BRIDGE BANCORP INC COM 108035106 78,445 2,362,794 SH   SOLE   2,362,794 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 13,362 1,026,277 SH   SOLE   1,026,277 0 0
CAMDEN NATL CORP COM 133034108 14,129 325,260 SH   SOLE   325,260 0 0
CANNAE HLDGS INC COM 13765N107 2,333 111,383 SH   SOLE   111,383 0 0
CAPITAL ONE FINL CORP COM 14040H105 8,280 87,221 SH   SOLE   87,221 0 0
CAROLINA FINL CORP NEW COM 143873107 1,765 46,787 SH   SOLE   46,787 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 6,466 299,233 SH   SOLE   299,233 0 0
CENTURY CMNTYS INC COM 156504300 22,168 844,505 SH   SOLE   844,505 0 0
CHEMUNG FINL CORP COM 164024101 10,174 239,789 SH   SOLE   239,789 0 0
CIT GROUP INC COM NEW 125581801 19,725 382,189 SH   SOLE   382,189 0 0
CITIGROUP INC. COM NEW 172967424 37,404 521,379 SH   SOLE   521,379 0 0
CITIZENS FINL GROUP INC COM 174610105 61,097 1,584,060 SH   SOLE   1,584,060 0 0
CODORUS VY BANCORP INC COM 192025104 10,904 349,039 SH   SOLE   349,039 0 0
COMERICA INC COM 200340107 14,535 161,137 SH   SOLE   161,137 0 0
COMMUNITY FINL CORP MD COM 20368X101 8,333 249,280 SH   SOLE   249,280 0 0
COUSINS PPTYS INC COM 222795106 130 14,659 SH   SOLE   14,659 0 0
CUSTOMERS BANCORP INC COM 23204G100 5,748 244,303 SH   SOLE   244,303 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 3,202 55,370 SH   SOLE   55,370 0 0
DNB FINL CORP COM 233237106 7,831 212,215 SH   SOLE   212,215 0 0
EAGLE BANCORP INC MD COM 268948106 12,122 239,570 SH   SOLE   239,570 0 0
EAST WEST BANCORP INC COM 27579R104 2,293 37,989 SH   SOLE   37,989 0 0
ENSCO PLC SHS CLASS A G3157S106 67 7,986 SH   SOLE   7,986 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,336 38,852 SH   SOLE   38,852 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 3,366 134,850 SH   SOLE   134,850 0 0
FAUQUIER BANKSHARES INC VA COM 312059108 637 25,176 SH   SOLE   25,176 0 0
FCB FINL HLDGS INC CL A 30255G103 4,127 87,063 SH   SOLE   87,063 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 13,150 334,183 SH   SOLE   334,183 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 16,021 146,883 SH   SOLE   146,883 0 0
FIFTH THIRD BANCORP COM 316773100 3,882 139,052 SH   SOLE   139,052 0 0
FIRST AMERN FINL CORP COM 31847R102 6,932 134,358 SH   SOLE   134,358 0 0
FIRST BANCORP N C COM 318910106 4,994 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 3,639 117,193 SH   SOLE   117,193 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 6,797 15,028 SH   SOLE   15,028 0 0
FIRST FNDTN INC COM 32026V104 18,246 1,168,106 SH   SOLE   1,168,106 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 1,812 40,453 SH   SOLE   40,453 0 0
FIRST LONG IS CORP COM 320734106 5,284 242,943 SH   SOLE   242,943 0 0
FIRST UTD CORP COM 33741H107 69 3,655 SH   SOLE   3,655 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 41,544 1,320,113 SH   SOLE   1,320,113 0 0
FNB CORP PA COM 302520101 18,078 1,421,230 SH   SOLE   1,421,230 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 4,388 147,758 SH   SOLE   147,758 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 15,965 335,744 SH   SOLE   335,744 0 0
HERITAGE FINL CORP WASH COM 42722X106 8,164 232,259 SH   SOLE   232,259 0 0
HILLTOP HOLDINGS INC COM 432748101 37,084 1,838,596 SH   SOLE   1,838,596 0 0
HOME BANCSHARES INC COM 436893200 5,639 257,494 SH   SOLE   257,494 0 0
HONEYWELL INTL INC COM 438516106 27,148 163,150 SH   SOLE   163,150 0 0
IBERIABANK CORP COM 450828108 27,564 338,834 SH   SOLE   338,834 0 0
J ALEXANDERS HLDGS INC COM 46609J106 229 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 82,713 733,012 SH   SOLE   733,012 0 0
KEYCORP NEW COM 493267108 17,423 875,989 SH   SOLE   875,989 0 0
KINDER MORGAN INC DEL COM 49456B101 2,237 126,163 SH   SOLE   126,163 0 0
KORN FERRY INTL COM NEW 500643200 2,111 42,870 SH   SOLE   42,870 0 0
LAKELAND BANCORP INC COM 511637100 3,352 185,729 SH   SOLE   185,729 0 0
LEAR CORP COM NEW 521865204 15,523 107,056 SH   SOLE   107,056 0 0
LENNAR CORP CL B 526057302 51 1,315 SH   SOLE   1,315 0 0
LENNAR CORP CL A 526057104 17,367 371,961 SH   SOLE   371,961 0 0
LIVE OAK BANCSHARES INC COM 53803X105 31,060 1,158,962 SH   SOLE   1,158,962 0 0
LUTHER BURBANK CORP COM 550550107 31,508 2,895,976 SH   SOLE   2,895,976 0 0
M & T BK CORP COM 55261F104 958 5,823 SH   SOLE   5,823 0 0
M/I HOMES INC COM 55305B101 12,690 530,280 SH   SOLE   530,280 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 20,944 725,977 SH   SOLE   725,977 0 0
MASCO CORP COM 574599106 6,389 174,565 SH   SOLE   174,565 0 0
MB FINANCIAL INC NEW COM 55264U108 7,009 152,017 SH   SOLE   152,017 0 0
MERCHANTS BANCORP IND COM 58844R108 4,464 175,593 SH   SOLE   175,593 0 0
MERIDIAN CORPORATION COM 58958P104 10,532 612,310 SH   SOLE   612,310 0 0
METROPOLITAN BK HLDG CORP COM 591774104 13,192 320,824 SH   SOLE   320,824 0 0
MIDSOUTH BANCORP INC COM 598039105 25,384 1,648,316 SH   SOLE   1,648,316 0 0
MORGAN STANLEY COM NEW 617446448 15,536 333,616 SH   SOLE   333,616 0 0
NORTHEAST BANCORP COM NEW 663904209 22 1,000 SH   SOLE   1,000 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 4,025 70,093 SH   SOLE   70,093 0 0
OLD LINE BANCSHARES INC COM 67984M100 2,888 91,274 SH   SOLE   91,274 0 0
OLD NATL BANCORP IND COM 680033107 10,657 552,157 SH   SOLE   552,157 0 0
ONEMAIN HLDGS INC COM 68268W103 87,280 2,596,836 SH   SOLE   2,596,836 0 0
OP BANCORP COM 67109R109 14,288 1,231,686 SH   SOLE   1,231,686 0 0
ORRSTOWN FINL SVCS INC COM 687380105 2,093 87,951 SH   SOLE   87,951 0 0
OWENS CORNING NEW COM 690742101 23,821 438,932 SH   SOLE   438,932 0 0
PACIFIC CITY FINANCIAL CORP COM NEW 69406T408 6,985 361,169 SH   SOLE   6,985 0 0
PACIFIC PREMIER BANCORP COM 69478X105 15,355 412,763 SH   SOLE   412,763 0 0
PACWEST BANCORP DEL COM 695263103 25,491 534,965 SH   SOLE   534,965 0 0
PARKE BANCORP INC COM 700885106 8,986 400,268 SH   SOLE   400,268 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 28,897 935,482 SH   SOLE   935,482 0 0
PENNYMAC FINL SVCS INC CL A 70932B101 47,650 2,279,892 SH   SOLE   2,279,892 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 3,511 205,063 SH   SOLE   205,063 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 27,361 454,878 SH   SOLE   454,878 0 0
PNC FINL SVCS GROUP INC COM 693475105 4,328 31,778 SH   SOLE   31,778 0 0
POPULAR INC COM NEW 733174700 1,486 28,994 SH   SOLE   28,994 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 9,786 167,283 SH   SOLE   167,283 0 0
PREMIER FINL BANCORP INC COM 74050M105 9,989 540,255 SH   SOLE   540,255 0 0
REGIONAL MGMT CORP COM 75902K106 44,003 1,526,306 SH   SOLE   1,526,306 0 0
REGIONS FINL CORP NEW COM 7591EP100 46,872 2,554,356 SH   SOLE   2,554,356 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 3,296 460,937 SH   SOLE   460,937 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 2,603 32,456 SH   SOLE   32,456 0 0
RYDER SYS INC COM 783549108 3,523 48,211 SH   SOLE   48,211 0 0
SANDY SPRING BANCORP INC COM 800363103 1,298 33,015 SH   SOLE   33,015 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 1,975 67,640 SH   SOLE   67,640 0 0
SELECT INTERIOR CONCEPTS INC CL A 816120307 5,698 535,035 SH   SOLE   5,698 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,015 36,809 SH Put SOLE   36,809 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,241 44,991 SH Put SOLE   44,991 0 0
SHORE BANCSHARES INC COM 825107105 8,590 482,056 SH   SOLE   482,056 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 46,602 405,802 SH   SOLE   405,802 0 0
SOUTH ST CORP COM 840441109 4,342 52,946 SH   SOLE   52,946 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 904 23,000 SH   SOLE   23,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 77 265 SH Put SOLE   265 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 352 1,211 SH Put SOLE   1,211 0 0
STATE STR CORP COM 857477103 18,536 221,251 SH   SOLE   221,251 0 0
STERLING BANCORP DEL COM 85917A100 63,647 2,893,046 SH   SOLE   2,893,046 0 0
STERLING BANCORP INC COM 85917W102 38,650 3,417,357 SH   SOLE   3,417,357 0 0
STEWARDSHIP FINL CORP COM 860326107 6,215 586,288 SH   SOLE   586,288 0 0
STEWART INFORMATION SVCS COR COM 860372101 4,701 104,443 SH   SOLE   104,443 0 0
SVB FINL GROUP COM 78486Q101 10,542 33,917 SH   SOLE   33,917 0 0
SYNOVUS FINL CORP COM NEW 87161C501 13,347 291,486 SH   SOLE   291,486 0 0
TAYLOR MORRISON HOME CORP CL A 87724P106 13,463 746,276 SH   SOLE   746,276 0 0
TRICO BANCSHARES COM 896095106 5,329 137,982 SH   SOLE   137,982 0 0
UNITED BANKSHARES INC WEST V COM 909907107 6,549 180,165 SH   SOLE   180,165 0 0
US BANCORP DEL COM NEW 902973304 60,840 1,152,064 SH   SOLE   1,152,064 0 0
VALLEY NATL BANCORP COM 919794107 1,021 90,722 SH   SOLE   90,722 0 0
VERITEX HLDGS INC COM 923451108 2,572 91,008 SH   SOLE   91,008 0 0
WELLS FARGO CO NEW COM 949746101 65,795 1,251,813 SH   SOLE   1,251,813 0 0
WESBANCO INC COM 950810101 6,838 153,389 SH   SOLE   153,389 0 0
WESTERN ALLIANCE BANCORP COM 957638109 4,284 75,297 SH   SOLE   75,297 0 0
WINTRUST FINL CORP COM 97650W108 10,284 121,077 SH   SOLE   121,077 0 0
ZIONS BANCORPORATION COM 989701107 39,708 791,779 SH   SOLE   791,779 0 0