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
A-MARK PRECIOUS METALS INC COM 00181T107 7,380 204,988 SH   DFND 1 204,988 0 0
AFC GAMMA INC COM 00109K105 8,400 400,000 SH   DFND 1 400,000 0 0
AG MTG INVT TR INC COM 001228105 415 103,000 SH   DFND 1 103,000 0 0
AGNC INVT CORP COM 00123Q104 2,646 157,900 SH   DFND 1 157,900 0 0
AMBAC FINL GROUP INC COM NEW 023139884 2,511 150,000 SH   DFND 1 150,000 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 2,458 102,726 SH   DFND 1 102,726 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 4,786 200,000 SH   SOLE   200,000 0 0
CALIFORNIA BANCORP INC COM 13005U101 1,697 95,261 SH   DFND 1 95,261 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 7,671 287,500 SH   DFND 1 287,500 0 0
CENTURY BANCORPORATION INC CL A NON VTG 156432106 10,569 113,265 SH   DFND 1 113,265 0 0
CIT GROUP INC COM NEW 125581801 7,856 152,509 SH   DFND 1 152,509 0 0
CROWN PROPTECH ACQUISITIONS UNIT 99/99/9999 G25741128 2,956 297,365 SH   DFND 1 297,365 0 0
DHB CAPITAL CORP UNIT 03/31/2028 23291W208 1,085 109,372 SH   DFND 1 109,372 0 0
EVERTEC INC COM 30040P103 2,779 74,653 SH   DFND 1 74,653 0 0
FIGURE ACQUISITION CORP I UNIT 99/99/9999 302438205 4,048 400,000 SH   DFND 1 400,000 0 0
FINSERV ACQUISITION CORP CL A 318085107 5,505 420,240 SH   DFND 1 420,240 0 0
FIRST BANCORP P R COM NEW 318672706 10,870 965,400 SH   DFND 1 965,400 0 0
FIRST BUSEY CORP COM NEW 319383204 6,926 270,000 SH   DFND 1 270,000 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 6,268 7,500 SH   DFND 1 7,500 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 7,688 175,000 SH   DFND 1 175,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 4,905 15,000 SH   DFND 1 15,000 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 11,553 275,000 SH   DFND 1 275,000 0 0
HILLTOP HOLDINGS INC COM 432748101 4,743 138,972 SH   DFND 1 138,972 0 0
HOME BANCORP INC COM 43689E107 4,525 125,521 SH   DFND 1 125,521 0 0
JOFF FINTECH ACQUISITION COR UNIT 02/03/2026 46592C209 2,207 221,790 SH   DFND 1 221,790 0 0
LENDINGCLUB CORP COM NEW 52603A208 15,734 952,400 SH   DFND 1 952,400 0 0
MACATAWA BK CORP COM 554225102 3,592 361,043 SH   DFND 1 361,043 0 0
MERCANTILE BANK CORP COM 587376104 1,134 34,912 SH   DFND 1 34,912 0 0
MGIC INVT CORP WIS COM 552848103 8,656 625,000 SH   DFND 1 625,000 0 0
MOTIVE CAPITAL CORP *W EXP 12/31/202 G6293A111 44 50,000 SH   DFND 1 50,000 0 0
MOTIVE CAPITAL CORP SHS CL A G6293A103 2,047 208,851 SH   DFND 1 208,851 0 0
OFG BANCORP COM 67103X102 2,262 100,000 SH   DFND 1 100,000 0 0
PAYSAFE LIMITED ORD G6964L107 5,063 375,000 SH   DFND 1 375,000 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 14,377 215,000 SH   DFND 1 215,000 0 0
POPULAR INC COM NEW 733174700 22,587 321,200 SH   DFND 1 321,200 0 0
PROVIDENT BANCORP INC COM NEW 74383L105 1,524 105,841 SH   DFND 1 105,841 0 0
QCR HOLDINGS INC COM 74727A104 11,344 240,244 SH   DFND 1 240,244 0 0
RIBBIT LEAP LTD SHS CL A G7552B105 1,381 125,546 SH   DFND 1 125,546 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 9,044 40,000 SH   DFND 1 40,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 2,905 73,684 SH   SOLE   73,684 0 0
SOUTHERN MO BANCORP INC COM 843380106 9,253 234,738 SH   DFND 1 234,738 0 0
SPROTT INC COM NEW 852066208 3,325 87,500 SH   DFND 1 87,500 0 0
TRINITY CAP INC COM 896442308 5,222 350,000 SH   DFND 1 350,000 0 0
WISDOMTREE INVTS INC COM 97717P104 1,031 165,000 SH   DFND 1 165,000 0 0