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 8,612 251,592 SH   SOLE   251,592 0 0
BK OF AMERICA CORP COM 060505104 13,121 434,464 SH   SOLE   434,464 0 0
CADENCE BANK COM 12740C103 22,305 877,802 SH   SOLE   877,802 0 0
CAMBRIDGE BANCORP COM 132152109 8,161 102,348 SH   SOLE   102,348 0 0
CAPITAL BANCORP INC MD COM 139737100 7,956 344,428 SH   SOLE   344,428 0 0
CAPITAL CITY BK GROUP INC COM 139674105 4,094 131,601 SH   SOLE   131,601 0 0
CBTX INC COM 12481V104 13,493 461,315 SH   SOLE   461,315 0 0
CITIZENS FINL GROUP INC COM 174610105 16,305 474,536 SH   SOLE   474,536 0 0
CNB FINL CORP PA COM 126128107 6,017 255,300 SH   SOLE   255,300 0 0
COLONY BANKCORP INC COM 19623P101 2,807 215,391 SH   SOLE   215,391 0 0
COMERICA INC COM 200340107 19,288 271,275 SH   SOLE   271,275 0 0
EAGLE BANCORP INC MD COM 268948106 5,864 130,835 SH   SOLE   130,835 0 0
EAST WEST BANCORP INC COM 27579R104 19,260 286,865 SH   SOLE   286,865 0 0
F N B CORP COM 302520101 11,709 1,009,391 SH   SOLE   1,009,391 0 0
FIFTH THIRD BANCORP COM 316773100 10,381 324,800 SH   SOLE   324,800 0 0
FIRST BANCORP P R COM NEW 318672706 12,089 883,664 SH   SOLE   883,664 0 0
FIRST BANCSHARES INC MS COM 318916103 14,666 490,998 SH   SOLE   490,998 0 0
FIRST BUSEY CORP COM NEW 319383204 6,000 272,983 SH   SOLE   272,983 0 0
FIRST INTERNET BANCORP COM 320557101 19,782 584,239 SH   SOLE   584,239 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 14,245 353,035 SH   SOLE   353,035 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 30,326 661,986 SH   SOLE   661,986 0 0
HANMI FINL CORP COM NEW 410495204 13,455 568,211 SH   SOLE   568,211 0 0
HERITAGE COMM CORP COM 426927109 9,674 853,112 SH   SOLE   853,112 0 0
HERITAGE FINL CORP WASH COM 42722X106 9,852 372,188 SH   SOLE   372,188 0 0
INVESTAR HLDG CORP COM 46134L105 8,196 411,857 SH   SOLE   411,857 0 0
KEYCORP COM 493267108 10,009 624,800 SH   SOLE   624,800 0 0
LAKELAND BANCORP INC COM 511637100 3,177 198,409 SH   SOLE   198,409 0 0
MERCANTILE BK CORP COM 587376104 8,806 296,408 SH   SOLE   296,408 0 0
OLD SECOND BANCORP INC ILL COM 680277100 12,723 974,939 SH   SOLE   974,939 0 0
OP BANCORP COM 67109R109 6,663 599,220 SH   SOLE   599,220 0 0
PACIFIC PREMIER BANCORP COM 69478X105 22,502 726,816 SH   SOLE   726,816 0 0
PACWEST BANCORP DEL COM 695263103 24,772 1,096,103 SH   SOLE   1,096,103 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 14,289 176,185 SH   SOLE   176,185 0 0
POPULAR INC COM NEW 733174700 13,675 189,768 SH   SOLE   189,768 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 20,188 309,497 SH   SOLE   309,497 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 26,928 1,341,682 SH   SOLE   1,341,682 0 0
RENASANT CORP COM 75970E107 9,368 299,487 SH   SOLE   299,487 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 6,976 167,442 SH   SOLE   167,442 0 0
SOUTHSTATE CORPORATION COM 840441109 11,876 150,100 SH   SOLE   151,100 0 0
SVB FINANCIAL GROUP COM 78486Q101 20,982 62,486 SH   SOLE   62,486 0 0
SYNOVUS FINL CORP COM NEW 87161C501 17,768 473,690 SH   SOLE   473,690 0 0
TRUIST FINL CORP COM 89832Q109 10,994 252,500 SH   SOLE   252,500 0 0
WELLS FARGO CO NEW COM 949746101 6,230 154,900 SH   SOLE   154,900 0 0
WESTERN ALLIANCE BANCORP COM 957638109 32,184 489,558 SH   SOLE   489,558 0 0
WINTRUST FINL CORP COM 97650W108 8,155 100,000 SH   SOLE   100,000 0 0
ZIONS BANCORPORATION N A COM 989701107 13,937 274,029 SH   SOLE   274,029 0 0