Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LEN/B	LENNAR CORP	340,058	$28M	3.7%	$37.37	+63.9%	CL B	526057302
QCRH	QCR HOLDINGS INC	400,070	$18.89M	2.5%	$29.31	+43.1%	COM	74727A104
C	CITIGROUP INC	245,040	$17.83M	2.3%	$46.45	+20.9%	COM NEW	172967424
—	LAKELAND BANCORP INC	1,010,136	$17.61M	2.3%	$16.02	—	COM	511637100
ZION	ZIONS BANCORPORATION N A	315,055	$17.32M	2.3%	$41.50	+24.1%	COM	989701107
GS	GOLDMAN SACHS GROUP INC	52,509	$17.17M	2.3%	$183.69	+50.7%	COM	38141G104
USB	US BANCORP DEL	276,495	$15.29M	2.0%	$34.83	+15.8%	COM NEW	902973304
WFC	WELLS FARGO CO NEW	380,065	$14.85M	1.9%	$26.14	+21.0%	COM	949746101
MS	MORGAN STANLEY	185,015	$14.37M	1.9%	$33.26	+97.2%	COM NEW	617446448
ISTR	INVESTAR HLDG CORP	639,555	$13.14M	1.7%	$13.65	+37.6%	COM	46134L105
HTB	HOMETRUST BANCSHARES INC	538,060	$13.1M	1.7%	$19.65	+15.3%	COM	437872104
VLY	VALLEY NATL BANCORP	880,185	$12.09M	1.6%	$10.38	+16.1%	COM	919794107
—	PREMIER FINANCIAL CORP	349,430	$11.62M	1.5%	$15.57	—	COM	74052F108
ABCB	AMERIS BANCORP	217,045	$11.4M	1.5%	$21.82	+104.3%	COM	03076K108
IBCP	INDEPENDENT BK CORP MICH	465,035	$10.99M	1.4%	$11.40	+53.1%	COM NEW	453838609
AAMI	BRIGHTSPHERE INVT GROUP INC	535,210	$10.91M	1.4%	$13.05	+49.8%	COM	10948W103
FMBH	FIRST MID ILL BANCSHARES INC	240,000	$10.54M	1.4%	$27.79	+18.9%	COM	320866106
—	GREAT WESTN NATL BK PORTLAND	272,010	$10.38M	1.4%	$32.76	—	COM	695263103
HBNC	HORIZON BANCORP INC	555,075	$10.31M	1.4%	$12.86	+38.2%	COM	440407104
—	UMPQUA HLDGS CORP	581,270	$10.2M	1.3%	$16.60	—	COM	904214103
—	STERLING BANCORP DEL	435,075	$10.02M	1.3%	$10.52	—	COM	85917A100
IBOC	INTERNATIONAL BANCSHARES COR	210,035	$9.75M	1.3%	$26.98	+43.1%	COM	459044103
CIVB	CIVISTA BANCSHARES INC	425,000	$9.75M	1.3%	$17.65	-2.9%	COM NO PAR	178867107
KKR	KKR & CO INC	195,000	$9.526M	1.2%	$33.29	+28.8%	COM	48251W104
FOR	FORESTAR GROUP INC	409,073	$9.523M	1.2%	$19.33	+15.8%	COM	346232101
FITB	FIFTH THIRD BANCORP	250,030	$9.364M	1.2%	$20.49	+37.5%	COM	316773100
—	CAMBRIDGE BANCORP	100,009	$8.433M	1.1%	$74.90	—	COM	132152109
MTB	M & T BK CORP	55,004	$8.339M	1.1%	$126.15	0.0%	COM	55261F104
HOMB	HOME BANCSHARES INC	294,390	$7.963M	1.0%	$23.29	+3.2%	COM	436893200
FMNB	FARMERS NATIONAL BANC CORP	476,576	$7.959M	1.0%	$10.63	+9.5%	COM	309627107
—	ESSA BANCORP INC	495,000	$7.92M	1.0%	$12.33	—	COM	29667D104
—	LUTHER BURBANK CORP	668,534	$7.909M	1.0%	$11.25	—	COM	550550107
—	COMMUNITY BANKERS TR CORP	855,200	$7.543M	1.0%	$6.77	—	COM	203612106
PFBC	PREFERRED BK LOS ANGELES CA	115,030	$7.325M	1.0%	$41.51	+36.1%	COM NEW	740367404
CG	CARLYLE GROUP INC	199,000	$7.315M	1.0%	$24.42	+22.3%	COM	14316J108
CASH	META FINL GROUP INC	160,530	$7.274M	1.0%	$27.30	+53.5%	COM	59100U108
EFSC	ENTERPRISE FINL SVCS CORP	145,015	$7.17M	0.9%	$35.29	+7.7%	COM	293712105
—	CENTURY BANCORPORATION INC	75,721	$7.066M	0.9%	$57.97	—	CL A NON VTG	156432106
—	HARBORONE BANCORP INC NEW	524,049	$7.059M	0.9%	$8.07	—	COM NEW	41165Y100
NIC	NICOLET BANKSHARES INC	82,500	$6.885M	0.9%	$73.65	+0.1%	COM	65406E102
IROQ	IF BANCORP INC	313,000	$6.736M	0.9%	$16.35	+28.0%	COM	44951J105
—	FINTECH ACQUISITION CORP IV	595,000	$6.652M	0.9%	$11.24	—	CL A	31810N104
BRBS	BLUE RIDGE BANKSHARES INC VA	300,000	$6.582M	0.9%	$11.71	0.0%	COM	095825105
QNBC	QNB Corporation	190,000	$6.532M	0.9%	$27.83	+19.1%	Not 13-F Security	74726N107
—	BLACKROCK INC	8,500	$6.409M	0.8%	$630.67	—	COM	09247X101
—	SOUTH ST CORP	80,000	$6.281M	0.8%	$78.51	—	COM	840441109
SPFI	SOUTH PLAINS FINANCIAL INC	266,500	$6.055M	0.8%	$13.80	+51.1%	COM	83946P107
FHN	FIRST HORIZON CORPORATION	355,085	$6.004M	0.8%	$9.76	+36.5%	COM	320517105
—	MERIDIAN BANCORP INC MD	325,090	$5.988M	0.8%	$13.65	—	COM	58958U103
—	SVB FINANCIAL GROUP	11,500	$5.677M	0.7%	$493.65	—	COM	78486Q101
TFIN	TRIUMPH BANCORP INC	72,500	$5.611M	0.7%	$37.55	+85.2%	COM	89679E300
—	FIRST BANCSHARES INC MS	150,000	$5.492M	0.7%	$29.22	—	COM	318916103
FRST	PRIMIS FINANCIAL CORP	365,000	$5.307M	0.7%	$11.54	0.0%	COM	74167B109
EBMT	EAGLE BANCORP MONT INC	217,145	$5.281M	0.7%	$14.14	+35.0%	COM	26942G100
SBNY	SIGNATURE BK NEW YORK N Y	23,005	$5.201M	0.7%	$83.00	—	COM	82669G104
ORRF	ORRSTOWN FINL SVCS INC	232,158	$5.177M	0.7%	$16.25	+3.9%	COM	687380105
KEY	KEYCORP	255,042	$5.096M	0.7%	$10.97	+38.8%	COM	493267108
—	GUARANTY BANCSHARES INC TEX	136,355	$5.011M	0.7%	$31.02	—	COM	400764106
—	AMERICAN RIV BANKSHARES	297,500	$4.852M	0.6%	$9.59	—	COM	029326105
—	SANDY SPRING BANCORP INC	110,040	$4.779M	0.6%	$36.28	—	COM	800363103
RF	REGIONS FINANCIAL CORP NEW	225,075	$4.65M	0.6%	$16.04	0.0%	COM	7591EP100
CVBF	CVB FINL CORP	210,025	$4.639M	0.6%	$17.82	0.0%	COM	126600105
WRIV	White River Bancshares Company	68,000	$4.592M	0.6%	$24.10	+34.9%	Not 13-F Security	96445A108
BANC	BANC OF CALIFORNIA INC	252,500	$4.565M	0.6%	$9.80	+69.8%	COM	05990K106
ONB	OLD NATL BANCORP IND	235,035	$4.546M	0.6%	$18.53	0.0%	COM	680033107
MBIN	MERCHANTS BANCORP IND	100,045	$4.196M	0.6%	$15.68	+40.6%	COM	58844R108
FFBW	FFBW INC MD	366,062	$4.118M	0.5%	$8.63	+24.7%	COM	30260M103
—	BROOKLINE BANCORP INC DEL	265,130	$3.977M	0.5%	$9.46	—	COM	11373M107
NBHC	NATIONAL BK HLDGS CORP	100,035	$3.969M	0.5%	$32.82	0.0%	CL A	633707104
XYZ	SQUARE INC	17,000	$3.86M	0.5%	$233.92	0.0%	CL A	852234103
—	PROVIDENT BANCORP INC	260,000	$3.744M	0.5%	$7.79	—	COM NEW	74383L105
—	PACIFIC PREMIER BANCORP	85,020	$3.693M	0.5%	$43.44	—	COM	69478X105
PYPL	PAYPAL HLDGS INC	15,005	$3.644M	0.5%	$202.84	+24.2%	COM	70450Y103
TFSL	TFS FINL CORP	175,140	$3.568M	0.5%	$9.57	+38.3%	COM	87240R107
EQFN	Equitable Financial Corp.	283,000	$3.453M	0.5%	$9.95	+20.6%	Not 13-F Security	29448T105
PJT	PJT PARTNERS INC	50,000	$3.383M	0.4%	$66.64	0.0%	COM CL A	69343T107
—	TCF FINL CORP	72,500	$3.368M	0.4%	$38.07	—	COM	872307103
—	CODORUS VY BANCORP INC	176,805	$3.255M	0.4%	$24.25	—	COM	192025104
PROV	PROVIDENT FINL HLDGS INC	192,500	$3.253M	0.4%	$15.78	+4.8%	COM	743868101
—	CADENCE BANCORPORATION	155,020	$3.214M	0.4%	$8.59	—	CL A	12739A100
CCNE	CNB FINL CORP PA	130,000	$3.199M	0.4%	$20.38	0.0%	COM	126128107
FFBB	Communities First Financial Corporation	76,900	$3.153M	0.4%	$24.72	+43.6%	Not 13-F Security	20344D104
BWB	BRIDGEWATER BANCSHARES INC	193,701	$3.128M	0.4%	$12.70	+16.3%	COM ACCD INV	108621103
HBCP	HOME BANCORP INC	86,418	$3.115M	0.4%	$21.42	+35.4%	COM	43689E107
OTTW	Ottawa Bancorp Inc.	206,973	$3.084M	0.4%	$9.10	+36.5%	Not 13-F Security	689195105
FPH	FIVE POINT HOLDINGS LLC	400,000	$3.024M	0.4%	$4.85	+37.9%	COM CL A	33833Q106
AMP	AMERIPRISE FINL INC	12,501	$2.906M	0.4%	$200.84	0.0%	COM	03076C106
DCOM	DIME CMNTY BANCSHARES INC	95,300	$2.872M	0.4%	$23.82	0.0%	COM	25432X102
ARES	ARES MANAGEMENT CORPORATION	50,000	$2.802M	0.4%	$33.84	+28.3%	CL A COM STK	03990B101
PIPR	PIPER SANDLER COMPANIES	25,000	$2.741M	0.4%	$76.42	+38.8%	COM	724078100
—	TERRITORIAL BANCORP INC	97,600	$2.582M	0.3%	$20.23	—	COM	88145X108
FIS	FIDELITY NATL INFORMATION SV	17,504	$2.461M	0.3%	$128.81	-5.1%	COM	31620M106
CFG	CITIZENS FINANCIAL GROUP INC	55,005	$2.428M	0.3%	$33.89	0.0%	COM	174610105
JPM	JPMORGAN CHASE & CO	14,906	$2.269M	0.3%	$127.25	0.0%	COM	46625H100
CBNK	CAPITAL BANCORP INC MD	115,000	$2.218M	0.3%	$11.74	+31.2%	COM	139737100
—	ENTERPRISE BANCORP INC MASS	67,804	$2.205M	0.3%	$32.52	—	COM	293668109
—	FLAGSTAR BANCORP INC	44,710	$2.016M	0.3%	$40.76	—	COM PAR .001	337930705
HTBK	HERITAGE COMM CORP	165,010	$2.016M	0.3%	$10.01	0.0%	COM	426927109
—	TRUSTCO BK CORP N Y	273,545	$2.016M	0.3%	$6.30	—	COM	898349105
PSBQ	PSB Holdings, Inc.	79,200	$2M	0.3%	$18.36	+26.4%	Not 13-F Security	69360N108
—	PRUDENTIAL BANCORP INC NEW	133,900	$1.976M	0.3%	$10.67	—	COM	74431A101
FCCO	FIRST CMNTY CORP S C	98,656	$1.968M	0.3%	$15.57	+3.4%	COM	319835104
MSVB	MID-SOUTHERN BANCORP INC	127,387	$1.936M	0.3%	$12.90	—	COM	59548Q107
FFBC	FIRST FINL BANCORP OH	80,000	$1.92M	0.3%	$20.82	-12.8%	COM	320209109
SRCE	1ST SOURCE CORP	40,000	$1.903M	0.2%	$47.58	—	COM	336901103
WTFC	WINTRUST FINL CORP	25,000	$1.895M	0.2%	$42.78	+67.0%	COM	97650W108
PRI	PRIMERICA INC	12,400	$1.833M	0.2%	$143.41	0.0%	COM	74164M108
AFRM	AFFIRM HLDGS INC	25,000	$1.768M	0.2%	$97.16	0.0%	COM CL A	00827B106
IVZ	INVESCO LTD	70,000	$1.765M	0.2%	$18.28	0.0%	SHS	G491BT108
—	MALVERN BANCORP INC	94,532	$1.76M	0.2%	$11.90	—	COM	561409103
HBAN	HUNTINGTON BANCSHARES INC	110,050	$1.73M	0.2%	$9.01	+33.5%	COM	446150104
BOTJ	BANK OF THE JAMES FINL GP IN	118,400	$1.691M	0.2%	$8.74	+26.9%	COM	470299108
—	ALTABANCORP	40,000	$1.682M	0.2%	$42.05	—	COM	021347109
CZFS	Citizens Financial Services, Inc.	26,149	$1.56M	0.2%	$42.71	+10.4%	Not 13-F Security	174615104
FCNCA	FIRST CTZNS BANCSHARES INC N	1,851	$1.547M	0.2%	$537.01	+32.7%	CL A	31946M103
—	FUSION ACQUISITION CORP	155,030	$1.544M	0.2%	$9.96	—	CL A	36118H105
ESQ	ESQUIRE FINL HLDGS INC	66,043	$1.506M	0.2%	$15.39	+43.9%	COM	29667J101
—	INVESTORS BANCORP INC NEW	100,100	$1.47M	0.2%	$7.26	—	COM	46146L101
—	HMN FINL INC	72,292	$1.454M	0.2%	$13.26	—	COM	40424G108
—	NEW YORK CMNTY BANCORP INC	115,010	$1.451M	0.2%	$10.77	—	COM	649445103
CCB	COASTAL FINL CORP WA	55,300	$1.45M	0.2%	$24.71	0.0%	COM NEW	19046P209
—	SYNOVUS FINL CORP	30,000	$1.373M	0.2%	$45.77	—	COM NEW	87161C501
ERKH	Eureka Homestead Bancorp, Inc.	100,000	$1.346M	0.2%	$12.16	+6.0%	Not 13-F Security	298544107
OPBK	OP BANCORP	127,500	$1.341M	0.2%	$6.27	+46.7%	COM	67109R109
CZNC	CITIZENS & NORTHN CORP	55,000	$1.308M	0.2%	$13.16	+26.3%	COM	172922106
—	HOWARD HUGHES CORP	13,300	$1.265M	0.2%	$57.60	—	COM	44267D107
MA	MASTERCARD INCORPORATED	3,501	$1.247M	0.2%	$315.67	+7.6%	CL A	57636Q104
TOWN	TOWNEBANK PORTSMOUTH VA	40,000	$1.216M	0.2%	$27.78	0.0%	COM	89214P109
HRGG	Heritage Nola Bancorp, Inc.	89,180	$1.204M	0.2%	$10.47	+21.8%	Not 13-F Security	42727P108
—	WILLIAM PENN BANCORP INC	104,957	$1.193M	0.2%	$11.37	—	COM	96927A105
TFC	TRUIST FINL CORP	20,005	$1.167M	0.2%	$43.57	0.0%	COM	89832Q109
BY	BYLINE BANCORP INC	55,000	$1.163M	0.2%	$17.37	0.0%	COM	124411109
—	HOWARD BANCORP INC	69,800	$1.148M	0.2%	$16.45	—	COM	442496105
RBKB	RHINEBECK BANCORP INC	109,411	$1.132M	0.1%	$11.36	-14.8%	COM	762093102
SFBC	SOUND FINL BANCORP INC	26,173	$1.09M	0.1%	$24.51	+32.2%	COM	83607A100
—	1ST CONSTITUTION BANCORP	60,000	$1.057M	0.1%	$17.21	—	COM	31986N102
SMBC	SOUTHERN MO BANCORP INC	26,300	$1.037M	0.1%	$32.74	0.0%	COM	843380106
KRNY	KEARNY FINL CORP MD	85,085	$1.028M	0.1%	$8.94	+28.5%	COM	48716P108
CAC	CAMDEN NATL CORP	20,000	$957K	0.1%	$33.98	0.0%	COM	133034108
MOFG	MIDWESTONE FINL GROUP INC NE	30,000	$929K	0.1%	$28.42	0.0%	COM	598511103
PEBK	PEOPLES BANCORP N C INC	38,500	$910K	0.1%	$28.05	-15.1%	COM	710577107
SHBI	SHORE BANCSHARES INC	50,000	$851K	0.1%	$15.40	0.0%	COM	825107105
—	Sugar Creek Financial Corporation	72,800	$803K	0.1%	$6.75	—	Not 13-F Security	86481Y102
NBTB	NBT BANCORP INC	20,025	$799K	0.1%	$29.94	+22.9%	COM	628778102
QNTO	Quaint Oak Bancorp, Inc.	40,000	$670K	0.1%	$10.98	+46.1%	Not 13-F Security	74732T106
FFIC	FLUSHING FINL CORP	30,000	$637K	0.1%	$15.88	0.0%	COM	343873105
FISV	FISERV INC	5,004	$596K	0.1%	$101.92	+12.6%	COM	337738108
WLFC	WILLIS LEASE FIN CORP	13,083	$569K	0.1%	$14.76	+135.6%	COM	970646105
WBS	WEBSTER FINL CORP CONN	10,000	$551K	0.1%	$53.24	0.0%	COM	947890109
—	FINTECH ACQUISITION CORP IV	365,000	$529K	0.1%	$1.45	—	*W EXP 12/31/202	31810N112
FIEB	First IC Corporation	83,853	$503K	0.1%	$4.79	—	Not 13-F Security	32058J102
BK	BANK NEW YORK MELLON CORP	10,000	$473K	0.1%	$38.28	0.0%	COM	064058100
—	GREAT WESTERN BANCORP INC	15,000	$454K	0.1%	$20.90	—	COM	391416104
BSVN	BANK7 CORP	25,000	$440K	0.1%	$8.72	+68.8%	COM	06652N107
FVCB	FVCBANKCORP INC	24,500	$424K	0.1%	$13.16	0.0%	COM	36120Q101
PCB	PCB BANCORP	15,000	$225K	0.0%	$13.49	0.0%	COM	69320M109
—	FUSION ACQUISITION CORP	135,000	$157K	0.0%	$1.16	—	*W EXP 06/01/202	36118H113
BCTF	Bancorp 34, Inc.	9,474	$114K	0.0%	$9.83	+14.1%	Not 13-F Security	05970V106
—	SouthCrest Financial Group, Inc.	5,024	$53,000	0.0%	$6.37	—	Not 13-F Security	84129X107
CFR	CULLEN FROST BANKERS INC	10	$1,000	0.0%	$64.74	+37.9%	COM	229899109
APAM	ARTISAN PARTNERS ASSET MGMT	20	$1,000	0.0%	$24.66	+34.3%	CL A	04316A108