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
AXOS FINANCIAL INC COM 05465C100 10,052 216,692 SH   SOLE   216,692 0 0
BK OF AMERICA CORP COM 060505104 20,185 489,698 SH   SOLE   489,689 0 0
CADENCE BANK COM 12740C103 25,401 868,102 SH   SOLE   868,102 0 0
CAMBRIDGE BANCORP COM 132152109 8,606 101,248 SH   SOLE   101,248 0 0
CAPITAL BANCORP INC MD COM 139737100 7,787 340,628 SH   SOLE   340,628 0 0
CAPITAL CITY BK GROUP INC COM 139674105 3,429 130,101 SH   SOLE   130,101 0 0
CBTX INC COM 12481V104 12,616 406,970 SH   SOLE   406,970 0 0
CITIZENS FINL GROUP INC COM 174610105 21,270 469,236 SH   SOLE   469,236 0 0
COLONY BANKCORP INC COM 19623P101 4,334 232,122 SH   SOLE   232,122 0 0
COLUMBIA BKG SYS INC COM 197236102 13,778 426,959 SH   SOLE   426,959 0 0
COMERICA INC COM 200340107 20,055 221,775 SH   SOLE   221,775 0 0
DISCOVER FINL SVCS COM 254709108 23,085 209,500 SH   SOLE   209,500 0 0
EAST WEST BANCORP INC COM 27579R104 18,749 237,265 SH   SOLE   237,265 0 0
F N B CORP COM 302520101 9,781 785,591 SH   SOLE   785,591 0 0
FIRST BANCORP P R COM NEW 318672706 18,972 1,446,051 SH   SOLE   1,446,051 0 0
FIRST BANCSHARES INC MS COM 318916103 16,342 485,498 SH   SOLE   485,498 0 0
FIRST BUSEY CORP COM NEW 319383204 12,069 476,283 SH   SOLE   476,283 0 0
FIRST FNDTN INC COM 32026V104 10,892 448,420 SH   SOLE   448,420 0 0
FIRST INTERNET BANCORP COM 320557101 26,382 613,395 SH   SOLE   613,395 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 12,110 329,335 SH   SOLE   329,335 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 34,142 654,686 SH   SOLE   654,686 0 0
HANMI FINL CORP COM NEW 410495204 14,528 590,311 SH   SOLE   590,311 0 0
INVESTAR HLDG CORP COM 46134L105 9,010 471,975 SH   SOLE   471,975 0 0
KEYCORP COM 493267108 29,640 1,324,400 SH   SOLE   1,324,400 0 0
LAKELAND BANCORP INC COM 511637100 3,277 196,209 SH   SOLE   196,209 0 0
MERCANTILE BK CORP COM 587376104 8,454 238,683 SH   SOLE   238,683 0 0
NICOLET BANKSHARES INC COM 65406E102 3,808 40,700 SH   SOLE   40,700 0 0
OLD SECOND BANCORP INC ILL COM 680277100 13,990 964,139 SH   SOLE   964,139 0 0
OP BANCORP COM 67109R109 8,206 592,520 SH   SOLE   592,520 0 0
PACIFIC PREMIER BANCORP COM 69478X105 25,407 718,716 SH   SOLE   718,716 0 0
PACWEST BANCORP DEL COM 695263103 44,558 1,033,103 SH   SOLE   1,033,103 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 16,039 174,185 SH   SOLE   174,185 0 0
POPULAR INC COM NEW 733174700 21,845 267,252 SH   SOLE   267,252 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 22,679 306,097 SH   SOLE   306,097 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 29,534 1,326,782 SH   SOLE   1,326,782 0 0
SCHWAB CHARLES CORP COM 808513105 10,825 128,400 SH   SOLE   128,400 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 5,987 20,400 SH   SOLE   20,400 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 8,421 165,642 SH   SOLE   165,642 0 0
SOUTHSTATE CORPORATION COM 840441109 7,283 89,267 SH   SOLE   89,267 0 0
SVB FINANCIAL GROUP COM 78486Q101 32,555 58,191 SH   SOLE   58,191 0 0
SYNCHRONY FINANCIAL COM 87165B103 10,279 295,300 SH   SOLE   295,300 0 0
SYNOVUS FINL CORP COM NEW 87161C501 15,572 317,790 SH   SOLE   317,790 0 0
TRUIST FINL CORP COM 89832Q109 17,906 315,800 SH   SOLE   315,800 0 0
VERITEX HLDGS INC COM 923451108 4,771 125,000 SH   SOLE   125,000 0 0
WESTERN ALLIANCE BANCORP COM 957638109 39,361 475,258 SH   SOLE   475,258 0 0
ZIONS BANCORPORATION N A COM 989701107 17,769 271,029 SH   SOLE   271,029 0 0