Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
LEN/B	LENNAR CORP	344,958	$21.11M	3.3%	$61.20	—	—	CL B	526057302
MS	MORGAN STANLEY	303,770	$20.82M	3.2%	$68.53	—	—	COM NEW	617446448
GS	GOLDMAN SACHS GROUP INC	65,408	$17.25M	2.7%	$263.71	—	—	COM	38141G104
ABCB	AMERIS BANCORP	405,085	$15.42M	2.4%	$38.07	—	—	COM	03076K108
QCRH	QCR HOLDINGS INC	383,470	$15.18M	2.3%	$39.59	—	—	COM	74727A104
C	CITIGROUP INC	239,435	$14.76M	2.3%	$61.66	—	—	COM NEW	172967424
ZION	ZIONS BANCORPORATION N A	332,565	$14.45M	2.2%	$43.44	—	—	COM	989701107
IBCP	INDEPENDENT BK CORP MICH	766,125	$14.15M	2.2%	$18.47	—	—	COM NEW	453838609
—	LAKELAND BANCORP INC	1,017,810	$12.93M	2.0%	$12.70	—	—	COM	511637100
AAMI	BRIGHTSPHERE INVT GROUP INC	608,345	$11.73M	1.8%	$19.28	—	—	COM	10948W103
ISTR	INVESTAR HLDG CORP	685,797	$11.34M	1.8%	$16.54	—	—	COM	46134L105
FMBH	FIRST MID ILL BANCSHARES INC	316,221	$10.64M	1.6%	$33.66	—	—	COM	320866106
HTB	HOMETRUST BANCSHARES INC	534,803	$10.33M	1.6%	$19.31	—	—	COM	437872104
HBNC	HORIZON BANCORP INC	631,215	$10.01M	1.5%	$15.86	—	—	COM	440407104
—	HARBORONE BANCORP INC NEW	865,149	$9.396M	1.5%	$10.86	—	—	COM NEW	41165Y100
IBOC	INTERNATIONAL BANCSHARES COR	249,039	$9.324M	1.4%	$37.44	—	—	COM	459044103
USB	US BANCORP DEL	200,089	$9.322M	1.4%	$46.59	—	—	COM NEW	902973304
—	PREMIER FINANCIAL CORP	395,055	$9.086M	1.4%	$23.00	—	—	COM	74052F108
—	LUTHER BURBANK CORP	917,573	$8.992M	1.4%	$9.80	—	—	COM	550550107
CIVB	CIVISTA BANCSHARES INC	509,788	$8.937M	1.4%	$17.53	—	—	COM NO PAR	178867107
—	STERLING BANCORP DEL	480,075	$8.632M	1.3%	$17.98	—	—	COM	85917A100
FOR	FORESTAR GROUP INC	417,492	$8.425M	1.3%	$20.18	—	—	COM	346232101
HOMB	HOME BANCSHARES INC	426,345	$8.305M	1.3%	$19.48	—	—	COM	436893200
KKR	KKR & CO INC	204,205	$8.268M	1.3%	$40.49	—	—	COM	48251W104
—	INVESTORS BANCORP INC NEW	755,348	$7.976M	1.2%	$10.56	—	—	COM	46146L101
VLY	VALLEY NATL BANCORP	799,500	$7.795M	1.2%	$9.75	—	—	COM	919794107
—	ESSA BANCORP INC	497,500	$7.463M	1.2%	$15.00	—	—	COM	29667D104
—	COMMUNITY BANKERS TR CORP	1,102,266	$7.44M	1.1%	$6.75	—	—	COM	203612106
KEY	KEYCORP	450,095	$7.386M	1.1%	$16.41	—	—	COM	493267108
IROQ	IF BANCORP INC	320,000	$7.05M	1.1%	$22.03	—	—	COM	44951J105
ASB	ASSOCIATED BANC CORP	410,160	$6.993M	1.1%	$17.05	—	—	COM	045487105
WFC	WELLS FARGO CO NEW	230,080	$6.944M	1.1%	$30.18	—	—	COM	949746101
QNBC	QNB CORPORATION	216,790	$6.775M	1.0%	$31.25	—	—	Not 13-F Security	74726N107
FMNB	FARMERS NATIONAL BANC CORP	508,655	$6.75M	1.0%	$13.27	—	—	COM	309627107
APAM	ARTISAN PARTNERS ASSET MGMT	133,725	$6.732M	1.0%	$50.34	—	—	CL A	04316A108
WTFC	WINTRUST FINL CORP	110,000	$6.72M	1.0%	$61.09	—	—	COM	97650W108
FITB	FIFTH THIRD BANCORP	242,640	$6.69M	1.0%	$27.57	—	—	COM	316773100
—	BAY BANKS OF VIRGINIA, INC.	677,100	$5.992M	0.9%	$8.85	—	—	Not 13-F Security	072035108
CG	CARLYLE GROUP INC	179,020	$5.628M	0.9%	$31.44	—	—	COM	14316J108
—	CAMBRIDGE BANCORP	79,856	$5.57M	0.9%	$69.75	—	—	COM	132152109
—	CODORUS VY BANCORP INC	316,055	$5.36M	0.8%	$16.96	—	—	COM	192025104
EBMT	EAGLE BANCORP MONT INC	250,545	$5.317M	0.8%	$21.22	—	—	COM	26942G100
XLF	SELECT SECTOR SPDR TR	180,200	$5.312M	0.8%	$29.48	—	—	Put	81369Y605
ORRF	ORRSTOWN FINL SVCS INC	312,789	$5.177M	0.8%	$16.55	—	—	COM	687380105
SPFI	SOUTH PLAINS FINANCIAL INC	265,100	$5.024M	0.8%	$18.95	—	—	COM	83946P107
—	LAZARD LTD	109,400	$4.628M	0.7%	$42.30	—	—	SHS A	G54050102
FHN	FIRST HORIZON CORPORATION	355,075	$4.531M	0.7%	$12.76	—	—	COM	320517105
FFBW	FFBW INC MD	444,500	$4.454M	0.7%	$10.02	—	—	COM	30260M103
—	SOUTHERN NATL BANCORP OF VA	365,000	$4.42M	0.7%	$12.11	—	—	COM	843395104
SBNY	SIGNATURE BK NEW YORK N Y	32,615	$4.412M	0.7%	$135.28	—	—	COM	82669G104
HTH	HILLTOP HOLDINGS INC	160,070	$4.404M	0.7%	$27.51	—	—	COM	432748101
—	CENTURY BANCORPORATION INC	56,799	$4.394M	0.7%	$77.36	—	—	CL A NON VTG	156432106
BOKF	BOK FINL CORP	63,520	$4.35M	0.7%	$68.48	—	—	COM NEW	05561Q201
—	FIRST BANCSHARES INC MS	140,000	$4.323M	0.7%	$30.88	—	—	COM	318916103
—	AMERICAN RIV BANKSHARES	322,261	$4.238M	0.7%	$13.15	—	—	COM	029326105
PFBC	PREFERRED BK LOS ANGELES CA	83,640	$4.221M	0.7%	$50.47	—	—	COM NEW	740367404
BBT	BERKSHIRE HILLS BANCORP INC	244,940	$4.193M	0.6%	$17.12	—	—	COM	084680107
OTTW	OTTAWA BANCORP INC.	285,000	$4.152M	0.6%	$14.57	—	—	Not 13-F Security	689195105
WRIV	WHITE RIVER BANCSHARES COMPANY	68,000	$4.148M	0.6%	$61.00	—	—	Not 13-F Security	96445A108
—	BOSTON PRIVATE FINL HLDGS IN	488,000	$4.124M	0.6%	$8.45	—	—	COM	101119105
—	BLACKROCK INC	5,503	$3.971M	0.6%	$721.61	—	—	COM	09247X101
ARES	ARES MANAGEMENT CORPORATION	84,305	$3.967M	0.6%	$47.06	—	—	CL A COM STK	03990B101
PHM	PULTE GROUP INC	91,100	$3.928M	0.6%	$43.12	—	—	COM	745867101
EFSC	ENTERPRISE FINL SVCS CORP	105,000	$3.67M	0.6%	$34.95	—	—	COM	293712105
—	FLAGSTAR BANCORP INC	90,025	$3.669M	0.6%	$40.76	—	—	COM PAR .001	337930705
CASH	META FINL GROUP INC	100,000	$3.656M	0.6%	$36.56	—	—	COM	59100U108
BANC	BANC OF CALIFORNIA INC	245,000	$3.604M	0.6%	$14.71	—	—	COM	05990K106
—	CADENCE BANCORPORATION	215,045	$3.531M	0.5%	$16.42	—	—	CL A	12739A100
FISV	FISERV INC	31,005	$3.53M	0.5%	$113.85	—	—	COM	337738108
—	UMPQUA HLDGS CORP	230,125	$3.484M	0.5%	$15.14	—	—	COM	904214103
EQFN	EQUITABLE FINANCIAL CORP.	290,000	$3.466M	0.5%	$11.95	—	—	Not 13-F Security	29448T105
FPH	FIVE POINT HOLDINGS LLC	630,000	$3.44M	0.5%	$5.46	—	—	COM CL A	33833Q106
—	PROVIDENT BANCORP INC	275,571	$3.307M	0.5%	$12.00	—	—	COM NEW	74383L105
—	TERRITORIAL BANCORP INC	132,876	$3.193M	0.5%	$24.03	—	—	COM	88145X108
—	BROOKLINE BANCORP INC DEL	265,190	$3.193M	0.5%	$12.04	—	—	COM	11373M107
TFSL	TFS FINL CORP	180,148	$3.176M	0.5%	$17.63	—	—	COM	87240R107
—	TCF FINL CORP	85,000	$3.147M	0.5%	$37.02	—	—	COM	872307103
—	FINTECH ACQUISITION CORP IV	275,000	$3.108M	0.5%	$11.30	—	—	CL A	31810N104
PROV	PROVIDENT FINL HLDGS INC	194,866	$3.061M	0.5%	$15.71	—	—	COM	743868101
—	PACWEST BANCORP DEL	115,000	$2.921M	0.5%	$25.40	—	—	COM	695263103
PIPR	PIPER SANDLER COMPANIES	28,700	$2.896M	0.4%	$100.91	—	—	COM	724078100
—	MERIDIAN BANCORP INC MD	192,284	$2.867M	0.4%	$14.91	—	—	COM	58958U103
HBCP	HOME BANCORP INC	101,314	$2.836M	0.4%	$27.99	—	—	COM	43689E107
MBIN	MERCHANTS BANCORP IND	101,555	$2.806M	0.4%	$27.63	—	—	COM	58844R108
—	GUARANTY BANCSHARES INC TEX	92,500	$2.77M	0.4%	$29.95	—	—	COM	400764106
PYPL	PAYPAL HLDGS INC	11,505	$2.694M	0.4%	$234.16	—	—	COM	70450Y103
TFIN	TRIUMPH BANCORP INC	55,000	$2.67M	0.4%	$48.55	—	—	COM	89679E300
—	TRUSTCO BK CORP N Y	400,160	$2.669M	0.4%	$6.67	—	—	COM	898349105
FIS	FIDELITY NATL INFORMATION SV	18,504	$2.618M	0.4%	$141.48	—	—	COM	31620M106
FFBB	COMMUNITIES FIRST FINANCIAL CORPORATION	76,900	$2.388M	0.4%	$31.05	—	—	Not 13-F Security	20344D104
—	SANDY SPRING BANCORP INC	70,025	$2.254M	0.3%	$32.19	—	—	COM	800363103
CFR	CULLEN FROST BANKERS INC	25,820	$2.252M	0.3%	$87.22	—	—	COM	229899109
FCCO	FIRST CMNTY CORP S C	128,519	$2.184M	0.3%	$16.99	—	—	COM	319835104
CBNK	CAPITAL BANCORP INC MD	155,166	$2.161M	0.3%	$13.93	—	—	COM	139737100
CASS	CASS INFORMATION SYS INC	55,000	$2.14M	0.3%	$38.91	—	—	COM	14808P109
TMHC	TAYLOR MORRISON HOME CORP	80,000	$2.052M	0.3%	$25.65	—	—	COM	87724P106
V	VISA INC	9,302	$2.035M	0.3%	$218.77	—	—	COM CL A	92826C839
CZNC	CITIZENS & NORTHN CORP	100,000	$1.984M	0.3%	$19.84	—	—	COM	172922106
MSVB	MID-SOUTHERN BANCORP INC	131,626	$1.897M	0.3%	$14.41	—	—	COM	59548Q107
—	PRUDENTIAL BANCORP INC NEW	133,900	$1.855M	0.3%	$13.85	—	—	COM	74431A101
—	HMN FINL INC	106,108	$1.825M	0.3%	$17.20	—	—	COM	40424G108
FFBC	FIRST FINL BANCORP OH	100,000	$1.753M	0.3%	$17.53	—	—	COM	320209109
PSBQ	PSB HOLDINGS, INC.	83,200	$1.711M	0.3%	$20.56	—	—	Not 13-F Security	69360N108
MA	MASTERCARD INCORPORATED	4,601	$1.642M	0.3%	$356.88	—	—	CL A	57636Q104
—	MALVERN BANCORP INC	103,832	$1.609M	0.2%	$15.50	—	—	COM	561409103
—	HOWARD HUGHES CORP	20,000	$1.579M	0.2%	$78.95	—	—	COM	44267D107
HBAN	HUNTINGTON BANCSHARES INC	123,810	$1.564M	0.2%	$12.63	—	—	COM	446150104
BWB	BRIDGEWATER BANCSHARES INC	125,000	$1.561M	0.2%	$12.49	—	—	COM ACCD INV	108621103
KRE	SPDR SER TR	29,200	$1.517M	0.2%	$51.95	—	—	Put	78464A698
ESQ	ESQUIRE FINL HLDGS INC	78,103	$1.499M	0.2%	$19.19	—	—	COM	29667J101
CZFS	CITIZENS FINANCIAL SERVICES, INC.	26,149	$1.464M	0.2%	$55.99	—	—	Not 13-F Security	174615104
ERKH	EUREKA HOMESTEAD BANCORP, INC.	112,500	$1.44M	0.2%	$12.80	—	—	Not 13-F Security	298544107
BOTJ	BANK OF THE JAMES FINL GP IN	118,400	$1.435M	0.2%	$12.12	—	—	COM	470299108
OPBK	OP BANCORP	183,300	$1.411M	0.2%	$7.70	—	—	COM	67109R109
NVR	NVR INC	329	$1.342M	0.2%	$4079.03	—	—	COM	62944T105
RBKB	RHINEBECK BANCORP INC	145,000	$1.24M	0.2%	$8.55	—	—	COM	762093102
BSVN	BANK7 CORP	86,838	$1.233M	0.2%	$14.20	—	—	COM	06652N107
HRGG	HERITAGE NOLA BANCORP, INC.	89,180	$1.088M	0.2%	$12.20	—	—	Not 13-F Security	42727P108
—	NEW YORK CMNTY BANCORP INC	102,500	$1.081M	0.2%	$10.55	—	—	COM	649445103
PEBK	PEOPLES BANCORP N C INC	45,500	$1.047M	0.2%	$23.01	—	—	COM	710577107
—	AMERICAN NATL BANKSHARES INC	39,000	$1.022M	0.2%	$26.21	—	—	COM	027745108
SFBC	SOUND FINL BANCORP INC	31,100	$987K	0.2%	$31.74	—	—	COM	83607A100
TCBI	TEXAS CAP BANCSHARES INC	15,000	$893K	0.1%	$59.53	—	—	COM	88224Q107
—	STERLING BANCORP INC	195,000	$885K	0.1%	$4.54	—	—	COM	85917W102
FCNCA	FIRST CTZNS BANCSHARES INC N	1,500	$861K	0.1%	$574.00	—	—	CL A	31946M103
—	GREAT WESTN BANCORP INC	40,000	$836K	0.1%	$20.90	—	—	COM	391416104
—	SUNNYSIDE BANCORP, INC.	64,871	$806K	0.1%	$12.42	—	—	Not 13-F Security	867475105
NBTB	NBT BANCORP INC	25,000	$803K	0.1%	$32.12	—	—	COM	628778102
KRNY	KEARNY FINL CORP MD	67,241	$710K	0.1%	$10.56	—	—	COM	48716P108
—	RANDOLPH BANCORP INC	32,000	$706K	0.1%	$22.06	—	—	COM	752378109
—	SUGAR CREEK FINANCIAL CORPORATION	72,900	$689K	0.1%	$9.45	—	—	Not 13-F Security	86481Y102
—	BRIDGE BANCORP INC	28,200	$682K	0.1%	$24.18	—	—	COM	108035106
QNTO	QUAINT OAK BANCORP, INC.	40,000	$580K	0.1%	$14.50	—	—	Not 13-F Security	74732T106
FIEB	FIRST IC CORPORATION	76,231	$431K	0.1%	$5.65	—	—	Not 13-F Security	32058J102
WLFC	WILLIS LEASE FINANCE CORP	13,083	$399K	0.1%	$30.50	—	—	COM	970646105
BCTF	BANCORP 34, INC.	21,777	$247K	0.0%	$11.34	—	—	Not 13-F Security	05970V106
—	CAPSTAR FINL HLDGS INC	13,644	$201K	0.0%	$14.73	—	—	COM	14070T102
—	1ST CONSTITUTION BANCORP	4,316	$68,000	0.0%	$15.76	—	—	COM	31986N102
—	SOUTHCREST FINANCIAL GROUP, INC.	5,024	$41,000	0.0%	$8.16	—	—	Not 13-F Security	84129X107
NIC	NICOLET BANKSHARES INC	561	$37,000	0.0%	$65.95	—	—	COM	65406E102