Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
JXN	JACKSON FINANCIAL INC	1,321,640	$40.46M	18.5%	$30.61 *	$34.16	-16.0%	COM CL A	46817M107
—	PAGAYA TECHNOLOGIES LTD	15,711,841	$22M	10.0%	$1.40	$4.18	—	CL A SHS	M7S64L115
MCB	METROPOLITAN BK HLDG CORP	216,130	$7.506M	3.4%	$34.73 *	$45.50	-34.3%	COM	591774104
CCB	COASTAL FINL CORP WA	172,028	$6.477M	3.0%	$37.65 *	$21.91	+63.0%	COM NEW	19046P209
FCNCA	FIRST CTZNS BANCSHARES INC N	4,755	$6.103M	2.8%	$1283.45 *	$711.06	+61.1%	CL A	31946M103
EWBC	EAST WEST BANCORP INC	97,672	$5.156M	2.4%	$52.79 *	$46.92	0.0%	COM	27579R104
COLB	COLUMBIA BKG SYS INC	238,897	$4.845M	2.2%	$20.28 *	$17.89	0.0%	COM	197236102
BANC	BANC OF CALIFORNIA INC	369,929	$4.284M	2.0%	$11.58 *	$16.46	-35.0%	COM	05990K106
OSBC	OLD SECOND BANCORP INC ILL	325,203	$4.247M	1.9%	$13.06 *	$12.87	-4.9%	COM	680277100
—	NEW YORK CMNTY BANCORP INC	363,839	$4.09M	1.9%	$11.24	$8.62	—	COM	649445103
UMBF	UMB FINL CORP	66,802	$4.068M	1.9%	$60.90 *	$59.67	0.0%	COM	902788108
—	FIRST BANCSHARES INC MS	150,923	$3.9M	1.8%	$25.84	$26.97	—	COM	318916103
LNKB	LINKBANCORP INC	612,162	$3.673M	1.7%	$6.00 *	$6.65	-22.1%	COM	53578P105
HWC	HANCOCK WHITNEY CORPORATION	93,210	$3.577M	1.6%	$38.38 *	$51.95	-28.5%	COM	410120109
—	PINNACLE FINL PARTNERS INC	62,167	$3.522M	1.6%	$56.65	$55.16	—	COM	72346Q104
—	SYNOVUS FINL CORP	116,144	$3.513M	1.6%	$30.25	$41.28	—	COM NEW	87161C501
FUNC	FIRST UTD CORP	244,372	$3.485M	1.6%	$14.26 *	$15.71	-14.4%	COM	33741H107
WTFC	WINTRUST FINL CORP	47,908	$3.479M	1.6%	$72.62 *	$73.94	-7.8%	COM	97650W108
EFSC	ENTERPRISE FINL SVCS CORP	85,954	$3.361M	1.5%	$39.10	$47.06	-17.4%	COM	293712105
NXDT	NEXPOINT DIVERSIFIED REL ET	246,041	$3.08M	1.4%	$12.52	$15.32	—	COM NEW	65340G205
WBS	WEBSTER FINL CORP	79,621	$3.006M	1.4%	$37.75 *	$47.53	-22.3%	COM	947890109
CMA	COMERICA INC	70,781	$2.998M	1.4%	$42.36 *	$54.87	-35.8%	COM	200340107
ONB	OLD NATL BANCORP IND	207,665	$2.895M	1.3%	$13.94 *	$17.25	-23.0%	COM	680033107
FRME	FIRST MERCHANTS CORP	97,879	$2.763M	1.3%	$28.23 *	$36.01	-29.1%	COM	320817109
RBKB	RHINEBECK BANCORP INC	382,408	$2.574M	1.2%	$6.73 *	$11.68	-39.9%	COM	762093102
CCNE	CNB FINL CORP PA	133,150	$2.35M	1.1%	$17.65 *	$22.04	-25.4%	COM	126128107
ABCB	AMERIS BANCORP	68,011	$2.327M	1.1%	$34.21 *	$32.02	0.0%	COM	03076K108
GNW	GENWORTH FINL INC	390,000	$1.95M	0.9%	$5.00 *	$5.51	-0.8%	COM CL A	37247D106
CFG	CITIZENS FINL GROUP INC	74,641	$1.947M	0.9%	$26.08 *	$34.37	-28.8%	COM	174610105
FRST	PRIMIS FINANCIAL CORP	215,036	$1.811M	0.8%	$8.42 *	$12.85	-41.5%	COM	74167B109
VLY	VALLEY NATL BANCORP	225,550	$1.748M	0.8%	$7.75 *	$11.06	-28.1%	COM	919794107
MBIN	MERCHANTS BANCORP IND	67,886	$1.737M	0.8%	$25.58 *	$23.44	+2.7%	COM	58844R108
XLF	SELECT SECTOR SPDR TR	48,700	$1.642M	0.7%	$33.71	—	—	Put	81369Y605
CADE	CADENCE BANK	83,575	$1.641M	0.7%	$19.64 *	$23.88	-24.7%	COM	12740C103
SLM	SLM CORP	99,894	$1.63M	0.7%	$16.32 *	$15.40	-1.2%	COM	78442P106
AGO	ASSURED GUARANTY LTD	28,000	$1.562M	0.7%	$55.80 *	$48.39	+6.1%	COM	G0585R106
BCAL	SOUTHERN CALIF BANCORP	113,648	$1.559M	0.7%	$13.72 *	$14.16	0.0%	COM	84252A106
WAL	WESTERN ALLIANCE BANCORP	42,600	$1.554M	0.7%	$36.47 *	$32.52	0.0%	COM	957638109
EQH	EQUITABLE HLDGS INC	55,500	$1.507M	0.7%	$27.16 *	$27.45	-13.7%	COM	29452E101
COF	CAPITAL ONE FINL CORP	13,333	$1.458M	0.7%	$109.37 *	$97.83	-2.0%	COM	14040H105
PGYWW	PAGAYA TECHNOLOGIES LTD	5,166,667	$1.369M	0.6%	$0.27	$0.38	—	*W EXP 09/01/202	M7S64L107
AX	AXOS FINANCIAL INC	33,608	$1.325M	0.6%	$39.44	$38.75	0.0%	COM	05465C100
—	BROADWAY FINL CORP DEL	1,267,651	$1.23M	0.6%	$0.97	$1.49	—	COM	111444105
ECPG	ENCORE CAP GROUP INC	25,220	$1.226M	0.6%	$48.62	$56.31	-13.6%	COM	292554102
CUBI	CUSTOMERS BANCORP INC	38,200	$1.156M	0.5%	$30.26 *	$22.41	0.0%	COM	23204G100
BPOP	POPULAR INC	18,634	$1.128M	0.5%	$60.52 *	$55.15	-1.1%	COM NEW	733174700
AAMI	BRIGHTSPHERE INVT GROUP INC	50,718	$1.063M	0.5%	$20.95 *	$22.80	-2.8%	COM	10948W103
NBHC	NATIONAL BK HLDGS CORP	36,091	$1.048M	0.5%	$29.04	$35.20	-18.1%	CL A	633707104
PCB	PCB BANCORP	71,049	$1.045M	0.5%	$14.71 *	$17.82	-20.0%	COM	69320M109
PEBO	PEOPLES BANCORP INC	37,154	$986K	0.5%	$26.55	$32.36	-19.4%	COM	709789101
OPY	OPPENHEIMER HLDGS INC	24,000	$964K	0.4%	$40.18 *	$38.20	0.0%	CL A NON VTG	683797104
AER	AERCAP HOLDINGS NV	15,000	$953K	0.4%	$63.52 *	$55.27	+2.8%	SHS	N00985106
—	STEEL PARTNERS HLDGS L P	20,005	$950K	0.4%	$47.50	$41.98	—	LTD PRTRSHIP U	85814R107
OBK	ORIGIN BANCORP INC	32,188	$943K	0.4%	$29.30 *	$38.94	-23.2%	COM	68621T102
BWB	BRIDGEWATER BANCSHARES INC	91,177	$898K	0.4%	$9.85 *	$15.26	-37.0%	COM	108621103
OCFC	OCEANFIRST FINL CORP	52,608	$822K	0.4%	$15.62 *	$15.64	-13.0%	COM	675234108
HFWA	HERITAGE FINL CORP WASH	49,559	$801K	0.4%	$16.17 *	$26.38	-34.0%	COM	42722X106
STEL	STELLAR BANCORP INC	33,438	$765K	0.3%	$22.89	$30.96	-24.7%	COM	858927106
ET	ENERGY TRANSFER L P	60,000	$762K	0.3%	$12.70	$9.83	—	COM UT LTD PTN	29273V100
—	AVANTAX INC	34,000	$761K	0.3%	$22.38	$26.32	—	COM	095229100
BTU	PEABODY ENERGY CORP	35,000	$758K	0.3%	$21.66	$22.42	-4.8%	COM	704551100
FITB	FIFTH THIRD BANCORP	28,626	$750K	0.3%	$26.21 *	$29.02	-20.4%	COM	316773100
HTH	HILLTOP HOLDINGS INC	23,400	$736K	0.3%	$31.46 *	$28.49	+7.5%	COM	432748101
DVN	DEVON ENERGY CORP NEW	15,000	$725K	0.3%	$48.34 *	$43.39	+4.7%	COM	25179M103
—	THE ODP CORP	15,000	$702K	0.3%	$46.82	$35.13	—	COM	88337F105
APA	APA CORPORATION	20,000	$683K	0.3%	$34.17 *	$34.97	-9.6%	COM	03743Q108
RRR	RED ROCK RESORTS INC	14,255	$667K	0.3%	$46.78	$51.99	-10.7%	CL A	75700L108
KRE	SPDR SER TR	16,124	$658K	0.3%	$40.83	$51.94	—	S&P REGL BKG	78464A698
—	PREMIER FINANCIAL CORP	40,100	$642K	0.3%	$16.02	$25.02	—	COM	74052F108
IDCC	INTERDIGITAL INC	6,500	$628K	0.3%	$96.55 *	$69.61	+16.3%	COM	45867G101
MTB	M & T BK CORP	4,998	$619K	0.3%	$123.76 *	$149.99	-26.2%	COM	55261F104
UBFO	UNITED SEC BANCSHARES CALIF	91,746	$611K	0.3%	$6.66 *	$6.03	-12.4%	COM	911460103
CNOB	CONNECTONE BANCORP INC	35,224	$584K	0.3%	$16.59 *	$19.07	-25.3%	COM	20786W107
SFST	SOUTHERN FIRST BANCSHARES	23,341	$578K	0.3%	$24.75 *	$33.35	-21.8%	COM	842873101
SPG	SIMON PPTY GROUP INC NEW	5,000	$577K	0.3%	$115.48 *	$60.51	+56.1%	COM	828806109
ALLY	ALLY FINL INC	20,685	$559K	0.3%	$27.01 *	$36.88	-34.5%	COM	02005N100
QCRH	QCR HOLDINGS INC	13,418	$551K	0.3%	$41.03	$46.45	-12.7%	COM	74727A104
TNET	TRINET GROUP INC	5,500	$522K	0.2%	$94.97 *	$67.23	+31.9%	COM	896288107
EQBK	EQUITY BANCSHARES INC	22,649	$516K	0.2%	$22.78	$22.54	-0.5%	COM CL A	29460X109
PGC	PEAPACK-GLADSTONE FINL CORP	17,635	$478K	0.2%	$27.08	$27.61	-3.0%	COM	704699107
WFG	WEST FRASER TIMBER CO LTD	5,000	$430K	0.2%	$85.98 *	$84.26	-10.4%	COM	952845105
EBC	EASTERN BANKSHARES INC	32,388	$397K	0.2%	$12.27 *	$17.57	-37.9%	COM	27627N105
TFIN	TRIUMPH FINANCIAL INC	6,250	$380K	0.2%	$60.72 *	$57.34	-4.2%	COM	89679E300
TRIN	TRINITY CAP INC	27,000	$358K	0.2%	$13.26 *	$8.23	+1.0%	COM	896442308
SNOW	SNOWFLAKE INC	2,000	$352K	0.2%	$175.98 *	$182.99	-11.2%	CL A	833445109
DBI	DESIGNER BRANDS INC	34,600	$349K	0.2%	$10.10 *	$7.54	0.0%	CL A	250565108
FANG	DIAMONDBACK ENERGY INC	2,500	$328K	0.1%	$131.36 *	$123.77	-2.3%	COM	25278X109
FIHL	FIDELIS INSURANCE HOLDINGS L	22,500	$307K	0.1%	$13.65 *	$12.81	0.0%	COM	G3398L118
CMLS	CUMULUS MEDIA INC	67,500	$277K	0.1%	$4.10 *	$10.05	-66.6%	COM CL A	231082801
PLD	PROLOGIS INC.	2,000	$245K	0.1%	$122.63 *	$104.11	+8.4%	COM	74340W103
GOOG	ALPHABET INC	2,000	$242K	0.1%	$120.97 *	$95.84	+19.9%	CAP STK CL C	02079K107
DAL	DELTA AIR LINES INC DEL	5,000	$238K	0.1%	$47.54 *	$36.91	-2.8%	COM NEW	247361702
KEY	KEYCORP	25,000	$231K	0.1%	$9.24 *	$14.35	-37.3%	COM	493267108
AR	ANTERO RESOURCES CORP	10,000	$230K	0.1%	$23.03 *	$26.35	-15.7%	COM	03674X106
C	CITIGROUP INC	5,000	$230K	0.1%	$46.04 *	$44.28	-3.5%	COM NEW	172967424
ASTL	ALGOMA STL GROUP INC	27,000	$192K	0.1%	$7.10	$8.77	-20.1%	COM	015658107
SSSS	SURO CAPITAL CORP	30,000	$95,850	0.0%	$3.19 *	$3.95	-12.5%	COM NEW	86887Q109