Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
LEN/B	LENNAR CORP	373,000	$24.49M	4.2%	$65.66	—	—	CL B	526057302
MS	MORGAN STANLEY	380,733	$18.41M	3.1%	$48.35	—	—	COM NEW	617446448
ZION	ZIONS BANCORPORATION N A	592,826	$17.32M	2.9%	$29.22	—	—	COM	989701107
C	CITIGROUP INC	285,642	$12.31M	2.1%	$43.11	—	—	COM NEW	172967424
ABCB	AMERIS BANCORP	534,151	$12.17M	2.1%	$22.78	—	—	COM	03076K108
WTFC	WINTRUST FINL CORP	295,000	$11.81M	2.0%	$40.05	—	—	COM	97650W108
IBCP	INDEPENDENT BK CORP MICH	885,207	$11.13M	1.9%	$12.57	—	—	COM NEW	453838609
—	LAKELAND BANCORP INC	1,095,707	$10.9M	1.9%	$9.95	—	—	COM	511637100
QCRH	QCR HOLDINGS INC	380,191	$10.42M	1.8%	$27.41	—	—	COM	74727A104
KKR	KKR & CO INC	292,200	$10.03M	1.7%	$34.34	—	—	COM	48251W104
GS	GOLDMAN SACHS GROUP INC	48,300	$9.707M	1.6%	$200.97	—	—	COM	38141G104
ISTR	INVESTAR HLDG CORP	740,661	$9.495M	1.6%	$12.82	—	—	COM	46134L105
FMBH	FIRST MID BANCSHARES INC	357,900	$8.93M	1.5%	$24.95	—	—	COM	320866106
—	ESSA BANCORP INC	717,481	$8.847M	1.5%	$12.33	—	—	COM	29667D104
QNBC	QNB Corporation	313,908	$8.617M	1.5%	$27.45	—	—	Not 13-F Security	74726N107
ARES	ARES MANAGEMENT CORPORATION	212,000	$8.569M	1.5%	$40.42	—	—	CL A COM STK	03990B101
—	LUTHER BURBANK CORP	957,473	$7.995M	1.4%	$8.35	—	—	COM	550550107
VLY	VALLEY NATL BANCORP	1,166,200	$7.988M	1.4%	$6.85	—	—	COM	919794107
AAMI	BRIGHTSPHERE INVT GROUP INC	605,000	$7.805M	1.3%	$12.90	—	—	COM	10948W103
—	HARBORONE BANCORP INC NEW	930,000	$7.505M	1.3%	$8.07	—	—	COM NEW	41165Y100
HTB	HOMETRUST BANCSHARES INC	550,126	$7.471M	1.3%	$13.58	—	—	COM	437872104
CIVB	CIVISTA BANCSHARES INC	579,800	$7.259M	1.2%	$12.52	—	—	COM NO PAR	178867107
—	PREMIER FINANCIAL CORP	454,511	$7.079M	1.2%	$15.57	—	—	COM	74052F108
—	TCF FINL CORP	298,356	$6.97M	1.2%	$23.36	—	—	COM	872307103
—	STERLING BANCORP DEL	655,486	$6.896M	1.2%	$10.52	—	—	COM	85917A100
—	COMMUNITY BANKERS TR CORP	1,334,805	$6.781M	1.2%	$5.08	—	—	COM	203612106
SPY	SPDR S&P 500 ETF TR	19,500	$6.53M	1.1%	$334.87	—	—	Put	78462F103
HBNC	HORIZON BANCORP INC	601,600	$6.07M	1.0%	$10.09	—	—	COM	440407104
HBT	HBT FINL INC.	539,801	$6.057M	1.0%	$11.22	—	—	COM	404111106
—	INVESTORS BANCORP INC NEW	831,395	$6.036M	1.0%	$7.26	—	—	COM	46146L101
HOMB	HOME BANCSHARES INC	396,162	$6.006M	1.0%	$15.16	—	—	COM	436893200
KEY	KEYCORP	480,972	$5.738M	1.0%	$11.93	—	—	COM	493267108
JPM	JPMORGAN CHASE & CO	59,100	$5.69M	1.0%	$96.28	—	—	COM	46625H100
FOR	FORESTAR GROUP INC	319,858	$5.661M	1.0%	$17.70	—	—	COM	346232101
BOKF	BOK FINL CORP	109,504	$5.641M	1.0%	$51.51	—	—	COM NEW	05561Q201
FMNB	FARMERS NATIONAL BANC CORP	508,600	$5.554M	0.9%	$10.92	—	—	COM	309627107
XLF	SELECT SECTOR SPDR TR	228,900	$5.51M	0.9%	$24.07	—	—	Put	81369Y605
—	BLACKROCK INC	9,700	$5.466M	0.9%	$563.51	—	—	COM	09247X101
—	AMERICAN RIV BANKSHARES	525,000	$5.229M	0.9%	$9.96	—	—	COM	029326105
—	CODORUS VY BANCORP INC	393,489	$5.155M	0.9%	$13.10	—	—	COM	192025104
IROQ	IF BANCORP INC	323,700	$5.008M	0.9%	$15.47	—	—	COM	44951J105
—	Bay Banks of Virginia, Inc.	744,900	$4.991M	0.8%	$6.70	—	—	Not 13-F Security	072035108
EBMT	EAGLE BANCORP MONT INC	250,545	$4.415M	0.7%	$17.62	—	—	COM	26942G100
—	CAMBRIDGE BANCORP	81,646	$4.34M	0.7%	$53.16	—	—	COM	132152109
SPFI	SOUTH PLAINS FINANCIAL INC	347,759	$4.316M	0.7%	$12.41	—	—	COM	83946P107
USB	US BANCORP DEL	120,000	$4.302M	0.7%	$35.85	—	—	COM NEW	902973304
FITB	FIFTH THIRD BANCORP	201,800	$4.302M	0.7%	$21.32	—	—	COM	316773100
ORRF	ORRSTOWN FINL SVCS INC	332,772	$4.259M	0.7%	$12.80	—	—	COM	687380105
FFBW	FFBW INC MD	444,500	$4.161M	0.7%	$9.36	—	—	COM	30260M103
—	BOSTON PRIVATE FINL HLDGS IN	750,270	$4.141M	0.7%	$5.52	—	—	COM	101119105
—	FIRST BANCSHARES INC MS	190,292	$3.99M	0.7%	$20.97	—	—	COM	318916103
HTH	HILLTOP HOLDINGS INC	185,755	$3.823M	0.6%	$20.58	—	—	COM	432748101
FIBK	FIRST INTST BANCSYSTEM INC	118,855	$3.786M	0.6%	$31.85	—	—	COM CL A	32055Y201
—	CENTURY BANCORP INC MASS	56,799	$3.734M	0.6%	$65.74	—	—	CL A NON VTG	156432106
FPH	FIVE POINT HOLDINGS LLC	890,900	$3.715M	0.6%	$4.17	—	—	COM CL A	33833Q106
KBH	KB HOME	95,200	$3.655M	0.6%	$38.39	—	—	COM	48666K109
APAM	ARTISAN PARTNERS ASSET MGMT	93,500	$3.646M	0.6%	$38.99	—	—	CL A	04316A108
PIPR	PIPER SANDLER COMPANIES	49,800	$3.635M	0.6%	$72.99	—	—	COM	724078100
FFBC	FIRST FINL BANCORP OH	301,330	$3.617M	0.6%	$12.00	—	—	COM	320209109
—	GUARANTY BANCSHARES INC TEX	145,091	$3.611M	0.6%	$24.89	—	—	COM	400764106
BANC	BANC OF CALIFORNIA INC	354,321	$3.586M	0.6%	$10.12	—	—	COM	05990K106
—	PROVIDENT BANCORP INC	449,178	$3.499M	0.6%	$7.79	—	—	COM NEW	74383L105
EVR	EVERCORE INC	53,000	$3.469M	0.6%	$65.45	—	—	CLASS A	29977A105
CASH	META FINL GROUP INC	180,000	$3.46M	0.6%	$19.22	—	—	COM	59100U108
—	TERRITORIAL BANCORP INC	170,973	$3.459M	0.6%	$20.23	—	—	COM	88145X108
FISV	FISERV INC	33,500	$3.452M	0.6%	$103.04	—	—	COM	337738108
WRIV	White River Bancshares Company	68,000	$3.233M	0.5%	$47.54	—	—	Not 13-F Security	96445A108
—	HMN FINL INC	234,469	$3.109M	0.5%	$13.26	—	—	COM	40424G108
VCTR	VICTORY CAP HLDGS INC	182,123	$3.076M	0.5%	$16.89	—	—	COM CL A	92645B103
EQFN	Equitable Financial Corp.	290,000	$3.016M	0.5%	$10.40	—	—	Not 13-F Security	29448T105
PYPL	PAYPAL HLDGS INC	15,000	$2.955M	0.5%	$197.00	—	—	COM	70450Y103
OTTW	OTTAWA BANCORP INC	300,200	$2.945M	0.5%	$9.81	—	—	COM	689195105
FIS	FIDELITY NATL INFORMATION SV	20,000	$2.944M	0.5%	$147.20	—	—	COM	31620M106
SBNY	SIGNATURE BK NEW YORK N Y	35,060	$2.91M	0.5%	$83.00	—	—	COM	82669G104
TMHC	TAYLOR MORRISON HOME CORP	117,700	$2.894M	0.5%	$24.59	—	—	COM	87724P106
IBOC	INTERNATIONAL BANCSHARES COR	110,119	$2.87M	0.5%	$26.06	—	—	COM	459044103
TFSL	TFS FINL CORP	186,300	$2.737M	0.5%	$14.69	—	—	COM	87240R107
V	VISA INC	13,500	$2.7M	0.5%	$200.00	—	—	COM CL A	92826C839
PFBC	PREFERRED BK LOS ANGELES CA	83,920	$2.696M	0.5%	$32.13	—	—	COM NEW	740367404
—	HOWARD HUGHES CORP	45,000	$2.592M	0.4%	$57.60	—	—	COM	44267D107
CNOB	CONNECTONE BANCORP INC	182,792	$2.572M	0.4%	$14.07	—	—	COM	20786W107
HBCP	HOME BANCORP INC	105,132	$2.539M	0.4%	$24.15	—	—	COM	43689E107
MA	MASTERCARD INCORPORATED	7,500	$2.536M	0.4%	$338.13	—	—	CL A	57636Q104
—	WADDELL & REED FINL INC	167,800	$2.492M	0.4%	$14.85	—	—	CL A	930059100
—	CADENCE BANCORPORATION	285,484	$2.452M	0.4%	$8.59	—	—	CL A	12739A100
—	EVANS BANCORP INC	109,110	$2.428M	0.4%	$22.25	—	—	COM NEW	29911Q208
—	RANDOLPH BANCORP INC	190,100	$2.363M	0.4%	$12.43	—	—	COM	752378109
MTB	M & T BK CORP	25,044	$2.306M	0.4%	$92.08	—	—	COM	55261F104
—	MERIDIAN BANCORP INC MD	215,000	$2.225M	0.4%	$10.35	—	—	COM	58958U103
SYF	SYNCHRONY FINANCIAL	85,000	$2.224M	0.4%	$26.16	—	—	COM	87165B103
PROV	PROVIDENT FINL HLDGS INC	185,709	$2.21M	0.4%	$11.90	—	—	COM	743868101
SMBC	SOUTHERN MO BANCORP INC	92,735	$2.187M	0.4%	$23.58	—	—	COM	843380106
—	TRUSTCO BK CORP N Y	418,326	$2.184M	0.4%	$5.22	—	—	COM	898349105
—	LAZARD LTD	65,000	$2.148M	0.4%	$33.05	—	—	SHS A	G54050102
WFC	WELLS FARGO CO NEW	90,000	$2.116M	0.4%	$23.51	—	—	COM	949746101
FCCO	FIRST CMNTY CORP S C	154,740	$2.109M	0.4%	$13.63	—	—	COM	319835104
FFBB	Communities First Financial Corporation	85,100	$2M	0.3%	$23.50	—	—	Not 13-F Security	20344D104
EFSC	ENTERPRISE FINL SVCS CORP	72,308	$1.972M	0.3%	$27.27	—	—	COM	293712105
KRE	SPDR SER TR	53,900	$1.923M	0.3%	$35.68	—	—	Put	78464A698
RF	REGIONS FINANCIAL CORP NEW	161,691	$1.864M	0.3%	$11.53	—	—	COM	7591EP100
MSVB	MID SOUTHERN BANCORP INC	139,983	$1.806M	0.3%	$12.90	—	—	COM	59548Q107
PSBQ	PSB Holdings, Inc.	98,100	$1.766M	0.3%	$18.00	—	—	Not 13-F Security	69360N108
—	BROOKLINE BANCORP INC DEL	201,195	$1.739M	0.3%	$8.64	—	—	COM	11373M107
TFIN	TRIUMPH BANCORP INC	55,000	$1.713M	0.3%	$31.15	—	—	COM	89679E300
MRBK	MERIDIAN CORPORATION	105,000	$1.694M	0.3%	$16.13	—	—	COM	58958P104
—	HEARTLAND FINL USA INC	55,667	$1.67M	0.3%	$30.00	—	—	COM	42234Q102
BOTJ	BANK OF THE JAMES FINL GP IN	167,200	$1.63M	0.3%	$9.75	—	—	COM	470299108
CZNC	CITIZENS & NORTHN CORP	97,242	$1.579M	0.3%	$16.24	—	—	COM	172922106
TCBI	TEXAS CAP BANCSHARES INC	50,103	$1.56M	0.3%	$31.14	—	—	COM	88224Q107
—	VERITEX HLDGS INC	90,062	$1.534M	0.3%	$17.03	—	—	COM	923451108
—	STERLING BANCORP INC	505,397	$1.521M	0.3%	$3.01	—	—	COM	85917W102
ASB	ASSOCIATED BANC CORP	118,583	$1.497M	0.3%	$12.62	—	—	COM	045487105
—	AMERICAN NATL BANKSHARES INC	69,300	$1.45M	0.2%	$20.92	—	—	COM	027745108
—	SOUTH ST CORP	29,036	$1.398M	0.2%	$48.15	—	—	COM	840441109
CBNK	CAPITAL BANCORP INC MD	145,000	$1.372M	0.2%	$9.46	—	—	COM	139737100
—	PRUDENTIAL BANCORP INC NEW	128,900	$1.359M	0.2%	$10.54	—	—	COM	74431A101
ERKH	Eureka Homestead Bancorp, Inc.	140,000	$1.308M	0.2%	$9.34	—	—	Not 13-F Security	298544107
RBKB	RHINEBECK BANCORP INC	199,166	$1.259M	0.2%	$6.32	—	—	COM	762093102
—	SOUTHERN NATL BANCORP OF VA	144,400	$1.253M	0.2%	$8.68	—	—	COM	843395104
—	1ST CONSTITUTION BANCORP	105,300	$1.253M	0.2%	$11.90	—	—	COM	31986N102
ESQ	ESQUIRE FINL HLDGS INC	82,900	$1.244M	0.2%	$15.01	—	—	COM	29667J101
OCFC	OCEANFIRST FINL CORP	90,373	$1.237M	0.2%	$13.69	—	—	COM	675234108
PEBK	PEOPLES BANCORP N C INC	79,054	$1.22M	0.2%	$15.43	—	—	COM	710577107
—	MALVERN BANCORP INC	101,100	$1.193M	0.2%	$11.80	—	—	COM	561409103
BSVN	BANK7 CORP	121,167	$1.139M	0.2%	$9.40	—	—	COM	06652N107
CZFS	Citizens Financial Services, Inc.	26,149	$1.131M	0.2%	$43.25	—	—	Not 13-F Security	174615104
OPBK	OP BANCORP	183,300	$1.048M	0.2%	$5.72	—	—	COM	67109R109
HRGG	Heritage Nola Bancorp, Inc.	89,180	$959K	0.2%	$10.75	—	—	Not 13-F Security	42727P108
—	COMMUNITY FIRST BANCSHARES I	130,000	$930K	0.2%	$7.15	—	—	COM	20369M104
SFBC	SOUND FINL BANCORP INC	31,100	$921K	0.2%	$29.61	—	—	COM	83607A100
—	MACATAWA BK CORP	132,787	$867K	0.1%	$6.53	—	—	COM	554225102
—	DISCOVER FINL SVCS	15,000	$867K	0.1%	$57.80	—	—	COM	254709108
—	Blackhawk Bancorp, Inc.	39,000	$772K	0.1%	$19.79	—	—	Not 13-F Security	09237E204
—	Sunnyside Bancorp, Inc.	64,871	$753K	0.1%	$11.61	—	—	Not 13-F Security	867475105
PGC	PEAPACK-GLADSTONE FINL CORP	49,169	$745K	0.1%	$15.15	—	—	COM	704699107
PLBC	PLUMAS BANCORP	36,270	$714K	0.1%	$19.69	—	—	COM	729273102
HOPE	HOPE BANCORP INC	93,716	$711K	0.1%	$7.59	—	—	COM	43940T109
WAL	WESTERN ALLIANCE BANCORP	20,057	$634K	0.1%	$31.61	—	—	COM	957638109
FFIC	FLUSHING FINL CORP	58,600	$616K	0.1%	$10.51	—	—	COM	343873105
CFR	CULLEN FROST BANKERS INC	9,300	$595K	0.1%	$63.98	—	—	COM	229899109
—	Sugar Creek Financial Corporation	77,375	$522K	0.1%	$6.75	—	—	Not 13-F Security	86481Y102
PFS	PROVIDENT FINL SVCS INC	41,957	$512K	0.1%	$12.20	—	—	COM	74386T105
FIEB	First IC Corporation	109,731	$512K	0.1%	$4.67	—	—	Not 13-F Security	32058J102
—	BRIDGE BANCORP INC	28,200	$492K	0.1%	$17.45	—	—	COM	108035106
ALRS	ALERUS FINL CORP	24,085	$472K	0.1%	$19.60	—	—	COM	01446U103
BSBK	BOGOTA FINL CORP	60,000	$457K	0.1%	$7.62	—	—	COM	097235105
QNTO	Quaint Oak Bancorp, Inc.	40,000	$440K	0.1%	$11.00	—	—	Not 13-F Security	74732T106
COF	CAPITAL ONE FINL CORP	5,000	$359K	0.1%	$71.80	—	—	COM	14040H105
KRNY	KEARNY FINL CORP MD	45,000	$324K	0.1%	$7.20	—	—	COM	48716P108
BCTF	BANCORP 34 INC	28,160	$272K	0.0%	$9.66	—	—	COM	05970V106
WLFC	WILLIS LEASE FINANCE CORP	13,083	$241K	0.0%	$18.42	—	—	COM	970646105
EQBK	EQUITY BANCSHARES INC	14,450	$224K	0.0%	$15.50	—	—	COM CL A	29460X109
—	ALTABANCORP	10,000	$201K	0.0%	$20.10	—	—	COM	021347109
—	Pioneer Bancshares, Inc.	4,028	$66,000	0.0%	$16.39	—	—	Not 13-F Security	72357G102
—	New Bancorp, Inc.	2,575	$64,000	0.0%	$24.85	—	—	Not 13-F Security	642142103
—	SouthCrest Financial Group, Inc.	5,024	$32,000	0.0%	$6.37	—	—	Not 13-F Security	84129X107