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 28,785 1,263,070 SH   SOLE   1,263,070 0 0
AIR LEASE CORP CL A 00912X302 12,306 555,805 SH   SOLE   555,805 0 0
ALLY FINL INC COM 02005N100 21,517 1,491,099 SH   SOLE   1,491,099 0 0
AMERICAN EXPRESS CO COM 025816109 3,270 38,193 SH   SOLE   38,193 0 0
AMERICAN RIVER BANKSHARES COM 029326105 4,167 483,464 SH   SOLE   483,464 0 0
AMERIPRISE FINL INC COM 03076C106 9,646 94,122 SH   SOLE   94,122 0 0
APPLE INC COM 037833100 3,890 15,296 SH   SOLE   15,296 0 0
AXOS FINL INC COM 05465C100 20,524 1,132,069 SH   SOLE   1,132,069 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 3,673 419,824 SH   SOLE   419,824 0 0
BANNER CORP COM NEW 06652V208 573 17,349 SH   SOLE   17,349 0 0
BK OF AMERICA CORP COM 060505104 39,253 1,848,918 SH   SOLE   1,848,918 0 0
BLACK KNIGHT INC COM 09215C105 5,949 102,471 SH   SOLE   102,471 0 0
BLACKROCK INC COM 09247X101 7,719 17,545 SH   SOLE   17,545 0 0
BRIDGE BANCORP INC COM 108035106 42,203 1,994,463 SH   SOLE   1,994,463 0 0
CAMDEN NATL CORP COM 133034108 7,790 247,699 SH   SOLE   247,699 0 0
CAPITAL ONE FINL CORP COM 14040H105 25,926 514,192 SH   SOLE   514,192 0 0
CAROLINA FINL CORP NEW COM 143873107 1,210 46,786 SH   SOLE   46,786 0 0
CENTURY CMNTYS INC COM 156504300 11,624 801,109 SH   SOLE   801,109 0 0
CHEMUNG FINL CORP COM 164024101 5,442 165,010 SH   SOLE   165,010 0 0
CITIGROUP INC COM NEW 172967424 2,262 53,695 SH   SOLE   53,695 0 0
CITIZENS FINANCIAL GROUP INC COM 174610105 11,854 630,186 SH   SOLE   630,186 0 0
COMERICA INC COM 200340107 2,640 89,972 SH   SOLE   89,972 0 0
CUSTOMERS BANCORP INC COM 23204G100 8,366 765,452 SH   SOLE   765,452 0 0
D R HORTON INC COM 23331A109 6,240 183,528 SH   SOLE   183,528 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,005 70,285 SH   SOLE   70,285 0 0
DISCOVER FINL SVCS COM 254709108 15,278 428,317 SH   SOLE   428,317 0 0
EAGLE BANCORP INC MD COM 268948106 1,390 46,012 SH   SOLE   46,012 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 6,703 445,403 SH   SOLE   445,403 0 0
EVERCORE INC CLASS A 29977A105 7,950 172,601 SH   SOLE   172,601 0 0
F N B CORP COM 302520101 4,651 631,121 SH   SOLE   631,121 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 8,314 334,183 SH   SOLE   334,183 0 0
FIFTH THIRD BANCORP COM 316773100 1,390 93,607 SH   SOLE   93,607 0 0
FIRST AMERN FINL CORP COM 31847R102 5,698 134,358 SH   SOLE   134,358 0 0
FIRST BANCORP N C COM 318910106 2,845 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 2,005 117,192 SH   SOLE   117,192 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 5,002 15,028 SH   SOLE   15,028 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 8,525 429,879 SH   SOLE   429,879 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 3,766 534,909 SH   SOLE   534,909 0 0
GARRETT MOTION INC COM 366505105 47 16,315 SH   SOLE   16,315 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,200 7,762 SH   SOLE   7,762 0 0
HERITAGE FINL CORP WASH COM 42722X106 4,615 230,737 SH   SOLE   230,737 0 0
HOME BANCSHARES INC COM 436893200 1,997 166,538 SH   SOLE   166,538 0 0
HONEYWELL INTL INC COM 438516106 21,828 163,150 SH   SOLE   163,150 0 0
INDEPENDENT BK GROUP INC COM 45384B106 16,274 687,248 SH   SOLE   687,248 0 0
J ALEXANDERS HLDGS INC COM 46609J106 74 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 47,124 523,424 SH   SOLE   523,424 0 0
KEYCORP COM 493267108 5 524 SH   SOLE   524 0 0
KORN FERRY COM NEW 500643200 1,043 42,870 SH   SOLE   42,870 0 0
LAKELAND BANCORP INC COM 511637100 3,045 281,681 SH   SOLE   281,681 0 0
LAZARD LTD SHS A G54050102 7,385 313,442 SH   SOLE   313,442 0 0
LEAR CORP COM NEW 521865204 652 8,019 SH   SOLE   8,019 0 0
LENNAR CORP CL A 526057104 29,831 780,911 SH   SOLE   780,911 0 0
M & T BK CORP COM 55261F104 602 5,823 SH   SOLE   5,823 0 0
M/I HOMES INC COM 55305B101 13,812 835,578 SH   SOLE   835,578 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 7,947 711,435 SH   SOLE   711,435 0 0
MASCO CORP COM 574599106 6,035 174,565 SH   SOLE   174,565 0 0
MERCHANTS BANCORP IND COM 58844R108 6,790 447,281 SH   SOLE   447,281 0 0
MERIDIAN BK PAOLI PA COM 58958P104 3,867 282,674 SH   SOLE   282,674 0 0
METROPOLITAN BK HLDG CORP COM 591774104 10,530 391,014 SH   SOLE   391,014 0 0
MORGAN STANLEY COM NEW 617446448 20,984 617,186 SH   SOLE   617,186 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 4,083 350,176 SH   SOLE   350,176 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 1,519 138,610 SH   SOLE   138,610 0 0
OLD NATL BANCORP IND COM 680033107 7,283 552,155 SH   SOLE   552,155 0 0
ONEMAIN HLDGS INC COM 68268W103 28,535 1,492,422 SH   SOLE   1,492,422 0 0
OWENS CORNING NEW COM 690742101 1,251 32,235 SH   SOLE   32,235 0 0
PACWEST BANCORP DEL COM 695263103 9,587 534,962 SH   SOLE   534,962 0 0
PARKE BANCORP INC COM 700885106 7,300 541,117 SH   SOLE   541,117 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 2,291 127,609 SH   SOLE   127,609 0 0
PENNYMAC FINL SVCS INC COM 70932M107 19,770 894,162 SH   SOLE   894,162 0 0
PEOPLES UTD FINL INC COM 712704105 1,251 113,228 SH   SOLE   113,228 0 0
POPULAR INC COM NEW 733174700 1,015 28,994 SH   SOLE   28,994 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 5,658 167,283 SH   SOLE   167,283 0 0
RBB BANCORP COM 74930B105 758 55,214 SH   SOLE   55,214 0 0
REGIONAL MGMT CORP COM 75902K106 19,150 1,401,931 SH   SOLE   1,401,931 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 8,169 910,656 SH   SOLE   910,656 0 0
RESIDEO TECHNOLOGIES INC COM 76118Y104 132 27,191 SH   SOLE   27,191 0 0
RICHMOND MUT BANCORPORATIN I COM 76525P100 80 7,874 SH   SOLE   7,874 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 406 12,609 SH   SOLE   12,609 0 0
SANDY SPRING BANCORP INC COM 800363103 469 20,707 SH   SOLE   20,707 0 0
SB ONE BANCORP COM 78413T103 1,606 94,458 SH   SOLE   94,458 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 2,977 37,030 SH   SOLE   37,030 0 0
SOUTH ST CORP COM 840441109 3,109 52,944 SH   SOLE   52,944 0 0
SPDR SER TR S&P REGL BKG 78464A698 82 2,508 SH Put SOLE   2,508 0 0
STERLING BANCORP DEL COM 85917A100 26,543 2,540,030 SH   SOLE   2,540,030 0 0
SVB FINANCIAL GROUP COM 78486Q101 5,124 33,917 SH   SOLE   33,917 0 0
SYNOVUS FINL CORP COM NEW 87161C501 4,460 254,011 SH   SOLE   254,011 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 12,959 1,178,060 SH   SOLE   1,178,060 0 0
TCF FINANCIAL CORPORATION NE COM 872307103 1,840 81,181 SH   SOLE   81,181 0 0
TIMBERLAND BANCORP INC COM 887098101 303 16,579 SH   SOLE   16,579 0 0
TOLL BROTHERS INC COM 889478103 2,975 154,547 SH   SOLE   154,547 0 0
TRICO BANCSHARES COM 896095106 4,115 137,981 SH   SOLE   137,981 0 0
UNITED BANKSHARES INC WEST V COM 909907107 4,158 180,166 SH   SOLE   180,166 0 0
US BANCORP DEL COM NEW 902973304 39,689 1,152,063 SH   SOLE   1,152,063 0 0
VALLEY NATL BANCORP COM 919794107 474 64,820 SH   SOLE   64,820 0 0
VERITEX HLDGS INC COM 923451108 1,271 91,008 SH   SOLE   91,008 0 0
WELLS FARGO CO NEW COM 949746101 37,759 1,315,649 SH   SOLE   1,315,649 0 0
WESBANCO INC COM 950810101 5,289 223,159 SH   SOLE   223,159 0 0
WESTERN ALLIANCE BANCORP COM 957638109 9,505 310,517 SH   SOLE   310,517 0 0
ZIONS BANCORPORATION N A COM 989701107 5,457 203,924 SH   SOLE   203,924 0 0