Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PYPL	PAYPAL HLDGS INC	120,500	$21M	4.8%	$174.23 *	$90.72	+52.0%	COM	70450Y103
CFG	CITIZENS FINANCIAL GROUP INC	786,736	$19.86M	4.6%	$25.24 *	$24.80	-28.5%	COM	174610105
WAL	WESTERN ALLIANCE BANCORP	506,300	$19.17M	4.4%	$37.87 *	$40.63	-23.8%	COM	957638109
—	SVB FINANCIAL GROUP	83,188	$17.93M	4.1%	$215.54	$140.80	—	COM	78486Q101
—	PACIFIC PREMIER BANCORP	825,101	$17.89M	4.1%	$21.68	$25.21	—	COM	69478X105
TFC	TRUIST FINL CORP	473,600	$17.78M	4.1%	$37.55 *	$27.74	0.0%	COM	89832Q109
C	CITIGROUP INC	343,800	$17.57M	4.1%	$51.10 *	$47.68	-18.9%	COM NEW	172967424
—	INDEPENDENT BK GROUP INC	428,696	$17.37M	4.0%	$40.52	$34.70	—	COM	45384B106
—	TCF FINANCIAL CORPORATION NE	544,543	$16.02M	3.7%	$29.42	$35.74	—	COM	872307103
USB	US BANCORP DEL	401,800	$14.79M	3.4%	$36.82 *	$31.40	-11.3%	COM NEW	902973304
INBK	FIRST INTERNET BK IND	801,683	$13.32M	3.1%	$16.62 *	$28.19	-44.4%	COM	320557101
ZION	ZIONS BANCORPORATION N A	367,229	$12.49M	2.9%	$34.00 *	$28.05	+12.9%	COM	989701107
—	CADENCE BANCORPORATION	1,406,027	$12.46M	2.9%	$8.86	$12.82	—	CL A	12739A100
RF	REGIONS FINANCIAL CORP NEW	1,108,682	$12.33M	2.8%	$11.12 *	$11.29	-25.2%	COM	7591EP100
BAC	BK OF AMERICA CORP	457,889	$10.88M	2.5%	$23.75 *	$17.05	+20.6%	COM	060505104
KEY	KEYCORP	860,900	$10.49M	2.4%	$12.18 *	$12.62	-30.1%	COM	493267108
—	FIRST BANCSHARES INC MS	462,198	$10.4M	2.4%	$22.50	$23.47	—	COM	318916103
TFSL	TFS FINL CORP	723,202	$10.35M	2.4%	$14.31 *	$6.32	+47.3%	COM	87240R107
EWBC	EAST WEST BANCORP INC	267,565	$9.697M	2.2%	$36.24 *	$32.77	-12.1%	COM	27579R104
HWC	HANCOCK WHITNEY CORPORATION	457,268	$9.694M	2.2%	$21.20 *	$42.53	-51.5%	COM	410120109
PB	PROSPERITY BANCSHARES INC	161,100	$9.566M	2.2%	$59.38 *	$52.21	-8.0%	COM	743606105
AGNC	AGNC INVT CORP	722,200	$9.316M	2.1%	$12.90	$10.58	—	COM	00123Q104
FIS	FIDELITY NATL INFORMATION SV	68,600	$9.199M	2.1%	$134.10 *	$103.29	+13.0%	COM	31620M106
—	VERITEX HLDGS INC	482,676	$8.543M	2.0%	$17.70	$25.96	—	COM	923451108
FISV	FISERV INC	84,000	$8.2M	1.9%	$97.62 *	$100.70	0.0%	COM	337738108
PFBC	PREFERRED BK LOS ANGELES CA	180,602	$7.739M	1.8%	$42.85 *	$19.94	+84.5%	COM NEW	740367404
CNOB	CONNECTONE BANCORP INC NEW	472,458	$7.616M	1.8%	$16.12 *	$16.90	-27.7%	COM	20786W107
HOMB	HOME BANCSHARES INC	482,400	$7.419M	1.7%	$15.38 *	$14.05	0.0%	COM	436893200
ISTR	INVESTAR HLDG CORP	483,175	$7.006M	1.6%	$14.50 *	$23.52	-45.8%	COM	46134L105
—	CAMBRIDGE BANCORP	115,571	$6.846M	1.6%	$59.24	$80.36	—	COM	132152109
ABCB	AMERIS BANCORP	290,000	$6.841M	1.6%	$23.59 *	$21.62	0.0%	COM	03076K108
AX	AXOS FINANCIAL INC	297,397	$6.567M	1.5%	$22.08 *	$37.89	-46.3%	COM	05465C100
—	SYNOVUS FINL CORP	303,735	$6.236M	1.4%	$20.53	$33.16	—	COM NEW	87161C501
FNB	F N B CORP	804,191	$6.031M	1.4%	$7.50 *	$10.85	-44.3%	COM	302520101
FBP	FIRST BANCORP P R	1,075,321	$6.011M	1.4%	$5.59 *	$4.97	-8.7%	COM NEW	318672706
—	PINNACLE FINL PARTNERS INC	133,599	$5.61M	1.3%	$41.99	$37.93	—	COM	72346Q104
—	SOUTH ST CORP	87,690	$4.179M	1.0%	$47.66	$47.66	—	COM	840441109
OSBC	OLD SECOND BANCORP INC ILL	487,771	$3.795M	0.9%	$7.78 *	$6.64	+3.5%	COM	680277100
—	COMMUNITY BANKERS TR CORP	648,531	$3.567M	0.8%	$5.50	$3.75	—	COM	203612106
LKFN	LAKELAND FINL CORP	69,791	$3.252M	0.8%	$46.60 *	$37.50	-7.1%	COM	511656100
OPBK	OP BANCORP	378,883	$2.614M	0.6%	$6.90 *	$10.42	-35.4%	COM	67109R109
—	1ST CONSTITUTION BANCORP	197,901	$2.454M	0.6%	$12.40	$19.59	—	COM	31986N102
SBFG	SB FINL GROUP INC	141,201	$2.347M	0.5%	$16.62 *	$17.35	-17.0%	COM	78408D105
—	MACKINAC FINL CORP	87,516	$908K	0.2%	$10.38	$16.04	—	COM	554571109