Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	1,208,919	$30.45M	16.8%	$16.33	+39.6%	COM	060505104
JPM	JPMORGAN CHASE & CO	129,214	$12.61M	6.9%	$77.89	+12.4%	COM	46625H100
MTB	M & T BK CORP	87,685	$8.227M	4.5%	$122.65	+4.0%	COM	55261F104
—	COWEN INC	521,610	$6.958M	3.8%	$13.34	—	CL A NEW	223622606
—	SOUTHERN NATL BANCORP OF VA	490,339	$6.482M	3.6%	$11.23	—	COM	843395104
—	MB FINANCIAL INC NEW	138,107	$5.473M	3.0%	$29.85	—	COM	55264U108
COF	CAPITAL ONE FINL CORP	68,287	$5.162M	2.8%	$71.21	+7.5%	COM	14040H105
CMA	COMERICA INC	73,915	$5.077M	2.8%	$49.94	+13.1%	COM	200340107
PNC	PNC FINL SVCS GROUP INC	38,581	$4.511M	2.5%	$51.88	+90.8%	COM	693475105
—	FRANKLIN FINL NETWORK INC	150,693	$3.974M	2.2%	$32.52	—	COM	35352P104
SBCF	SEACOAST BKG CORP FLA	126,896	$3.302M	1.8%	$11.96	+123.9%	COM NEW	811707801
—	BANK AMER CORP	249,587	$3.195M	1.8%	$9.48	—	*W EXP 01/16/201	060505146
—	MERIDIAN BANCORP INC MD	209,320	$2.997M	1.6%	$11.49	—	COM	58958U103
PGC	PEAPACK-GLADSTONE FINL CORP	117,369	$2.956M	1.6%	$17.64	+48.3%	COM	704699107
—	BB&T CORP	58,277	$2.525M	1.4%	$37.92	—	COM	054937107
CNO	CNO FINL GROUP INC	169,504	$2.522M	1.4%	$12.94	+19.2%	COM	12621E103
KEY	KEYCORP NEW	166,595	$2.462M	1.4%	$7.93	+57.7%	COM	493267108
—	1ST CONSTITUTION BANCORP	118,624	$2.364M	1.3%	$18.20	—	COM	31986N102
—	STERLING BANCORP DEL	137,700	$2.273M	1.3%	$14.40	—	COM	85917A100
—	HARTFORD FINL SVCS GROUP INC	53,218	$2.078M	1.1%	$28.05	—	*W EXP 06/26/201	416515120
RF	REGIONS FINL CORP NEW	152,732	$2.043M	1.1%	$7.34	+63.3%	COM	7591EP100
HWC	HANCOCK WHITNEY CORPORATION	58,696	$2.034M	1.1%	$32.37	+25.1%	COM	410120109
—	SYNOVUS FINL CORP	63,436	$2.029M	1.1%	$26.66	—	COM NEW	87161C501
—	SOUTH ST CORP	33,034	$1.98M	1.1%	$61.15	—	COM	840441109
—	DIME CMNTY BANCSHARES	111,863	$1.899M	1.0%	$18.99	—	COM	253922108
—	PINNACLE FINL PARTNERS INC	38,227	$1.762M	1.0%	$56.67	—	COM	72346Q104
CERS	CERUS CORP	319,049	$1.617M	0.9%	$4.63	+25.3%	COM	157085101
—	MIDSOUTH BANCORP INC	137,226	$1.454M	0.8%	$14.90	—	COM	598039105
JPM	JPMORGAN CHASE & CO	90,800	$1.436M	0.8%	$77.89	+12.4%	Call	46625H100
FGBI	FIRST GTY BANCSHARES INC	61,020	$1.416M	0.8%	$10.15	+42.6%	COM	32043P106
BANC	BANC OF CALIFORNIA INC	92,745	$1.234M	0.7%	$15.69	-11.9%	COM	05990K106
—	UNION BANKSHARES CORP NEW	42,982	$1.213M	0.7%	$32.14	—	COM	90539J109
KINS	KINGSTONE COS INC	63,434	$1.122M	0.6%	$12.25	+20.2%	COM	496719105
—	SUNTRUST BKS INC	22,119	$1.116M	0.6%	$37.06	—	COM	867914103
USB	US BANCORP DEL	24,288	$1.11M	0.6%	$25.38	+50.9%	COM NEW	902973304
ABCB	AMERIS BANCORP	34,359	$1.088M	0.6%	$45.05	-18.5%	COM	03076K108
EFSC	ENTERPRISE FINL SVCS CORP	27,150	$1.022M	0.6%	$15.45	+149.3%	COM	293712105
CIVB	CIVISTA BANCSHARES INC	56,582	$986K	0.5%	$19.66	-12.9%	COM NO PAR	178867107
—	ESSA BANCORP INC	59,243	$925K	0.5%	$11.56	—	COM	29667D104
BAC	BANK AMER CORP	220,300	$910K	0.5%	$16.33	+39.6%	Call	060505104
—	FAUQUIER BANKSHARES INC VA	46,781	$897K	0.5%	$16.16	—	COM	312059108
THG	HANOVER INS GROUP INC	7,338	$857K	0.5%	$42.09	+112.7%	COM	410867105
—	ALCENTRA CAP CORP	131,874	$853K	0.5%	$6.49	—	COM	01374T102
GSBD	GOLDMAN SACHS BDC INC	45,028	$828K	0.5%	$21.30	-3.4%	SHS	38147U107
FITB	FIFTH THIRD BANCORP	34,238	$806K	0.4%	$13.25	+49.8%	COM	316773100
—	BENEFICIAL BANCORP INC	54,418	$778K	0.4%	$14.30	—	COM	08171T102
—	FIRST DEFIANCE FINL CORP	31,339	$768K	0.4%	$28.59	—	COM	32006W106
C	CITIGROUP INC	14,743	$767K	0.4%	$37.66	+31.1%	COM NEW	172967424
—	CIT GROUP INC	19,589	$750K	0.4%	$49.02	—	COM NEW	125581801
—	TERRITORIAL BANCORP INC	28,133	$731K	0.4%	$25.98	—	COM	88145X108
CBFV	CB FINL SVCS INC	29,273	$725K	0.4%	$17.84	+11.2%	COM	12479G101
—	STATE BK FINL CORP	33,236	$718K	0.4%	$18.34	—	COM	856190103
BPOP	POPULAR INC	14,964	$707K	0.4%	$30.21	+38.1%	COM NEW	733174700
BBDC	BARINGS BDC INC	75,387	$680K	0.4%	$5.31	-3.9%	COM	06759L103
—	SEVERN BANCORP ANNAPOLIS MD	84,700	$676K	0.4%	$7.07	—	COM	81811M100
MS	MORGAN STANLEY	16,779	$665K	0.4%	$22.26	+57.3%	COM NEW	617446448
WFC	WELLS FARGO CO NEW	14,406	$664K	0.4%	$43.23	-2.8%	COM	949746101
TOWN	TOWNEBANK PORTSMOUTH VA	27,065	$648K	0.4%	$25.15	+9.2%	COM	89214P109
—	SELECT BANCORP INC NEW	50,270	$622K	0.3%	$12.97	—	COM	81617L108
ALL	ALLSTATE CORP	7,338	$606K	0.3%	$41.21	+84.2%	COM	020002101
MET	METLIFE INC	14,611	$600K	0.3%	$30.13	+11.7%	COM	59156R108
—	STANDARD AVB FINL CORP	19,000	$568K	0.3%	$30.30	—	COM	85303B100
—	CITIZENS FIRST CORP	25,000	$536K	0.3%	$24.89	—	COM	17462Q107
CNOB	CONNECTONE BANCORP INC NEW	28,847	$533K	0.3%	$15.11	+13.1%	COM	20786W107
SMBK	SMARTFINANCIAL INC	28,818	$527K	0.3%	$21.51	-3.6%	COM NEW	83190L208
NWL	NEWELL BRANDS INC	27,943	$519K	0.3%	$18.78	-24.4%	COM	651229106
MRCC	MONROE CAP CORP	52,438	$503K	0.3%	$4.67	+4.4%	COM	610335101
T	AT&T INC	17,200	$491K	0.3%	$14.02	-0.0%	COM	00206R102
—	HARBORONE BANCORP INC	29,605	$470K	0.3%	$18.70	—	COM	41165F101
—	AMERICAN INTL GROUP INC	85,454	$465K	0.3%	$14.80	—	*W EXP 01/19/202	026874156
MFIC	APOLLO INVT CORP	37,332	$463K	0.3%	$6.30	0.0%	COM NEW	03761U502
MPB	MID PENN BANCORP INC	19,437	$447K	0.2%	$24.93	-18.5%	COM	59540G107
PEG	PUBLIC SVC ENTERPRISE GROUP	8,500	$442K	0.2%	$21.50	+96.7%	COM	744573106
LNC	LINCOLN NATL CORP IND	8,417	$432K	0.2%	$35.97	+22.3%	COM	534187109
C	CITIGROUP INC	71,700	$426K	0.2%	$37.66	+31.1%	Call	172967424
—	OLD LINE BANCSHARES INC	15,818	$416K	0.2%	$34.90	—	COM	67984M100
MS	MORGAN STANLEY	49,800	$416K	0.2%	$22.26	+57.3%	Call	617446448
ABR	ARBOR RLTY TR INC	40,078	$404K	0.2%	$6.79	—	COM	038923108
HBAN	HUNTINGTON BANCSHARES INC	33,812	$403K	0.2%	$5.68	+75.3%	COM	446150104
—	BROOKLINE BANCORP INC DEL	28,371	$392K	0.2%	$10.01	—	COM	11373M107
—	CHEMICAL FINL CORP	10,539	$386K	0.2%	$49.97	—	COM	163731102
—	FIRST MIDWEST BANCORP DEL	19,085	$378K	0.2%	$19.81	—	COM	320867104
—	FS KKR CAPITAL CORP	72,540	$376K	0.2%	$5.18	—	COM	302635107
STT	STATE STR CORP	5,884	$371K	0.2%	$50.63	+12.2%	COM	857477103
CFG	CITIZENS FINL GROUP INC	11,652	$346K	0.2%	$25.16	+2.2%	COM	174610105
—	MAIDEN HOLDINGS LTD	207,122	$342K	0.2%	$4.58	—	SHS	G5753U112
HAFC	HANMI FINL CORP	16,914	$333K	0.2%	$18.99	+12.3%	COM NEW	410495204
—	PACIFIC MERCANTILE BANCORP	46,400	$332K	0.2%	$7.11	—	COM	694552100
—	ZIONS BANCORPORATION N A	35,039	$329K	0.2%	$12.94	—	*W EXP 05/21/202	989701115
—	GUARANTY FED BANCSHARES INC	15,000	$328K	0.2%	$14.73	—	COM	40108P101
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$326K	0.2%	$128.20	+51.8%	CL A	55825T103
—	DISCOVER FINL SVCS	5,416	$319K	0.2%	$56.00	—	COM	254709108
KRNY	KEARNY FINL CORP MD	24,660	$316K	0.2%	$14.48	-10.2%	COM	48716P108
PB	PROSPERITY BANCSHARES INC	5,063	$315K	0.2%	$40.16	+31.3%	COM	743606105
WSBF	WATERSTONE FINL INC MD	18,556	$311K	0.2%	$10.47	+58.5%	COM	94188P101
IMPM	IMPAC MTG HLDGS INC	130,129	$297K	0.2%	$10.97	-55.3%	COM NEW	45254P508
—	HOMETOWN BANKSHARES CORP	24,960	$296K	0.2%	$9.25	—	COM	43787N108
BK	BANK NEW YORK MELLON CORP	38,800	$290K	0.2%	$31.29	+26.7%	Call	064058100
—	BB&T CORP	50,400	$278K	0.2%	$37.92	—	Call	054937107
—	UNIVAR INC	15,500	$275K	0.2%	$26.22	—	COM	91336L107
—	RITE AID CORP	437,373	$273K	0.2%	$4.57	—	COM	767754104
BOTJ	BANK OF THE ST JAMES FINL GP	20,926	$272K	0.1%	$11.94	-9.0%	COM	470299108
FCCO	FIRST CMNTY CORP S C	13,500	$262K	0.1%	$9.35	+94.9%	COM	319835104
HTB	HOMETRUST BANCSHARES INC	10,000	$262K	0.1%	$24.58	+8.6%	COM	437872104
HTGC	HERCULES CAPITAL INC	23,000	$254K	0.1%	$13.26	-8.0%	COM	427096508
—	BANK COMM HLDGS	22,300	$244K	0.1%	$7.22	—	COM	06424J103
FDUS	FIDUS INVT CORP	20,600	$241K	0.1%	$5.75	+5.2%	COM	316500107
PFE	PFIZER INC	5,530	$241K	0.1%	$20.38	+47.4%	COM	717081103
AAPL	APPLE INC	1,522	$241K	0.1%	$30.44	+51.2%	COM	037833100
SSBI	SUMMIT ST BK SANTA ROSA CALI	19,200	$226K	0.1%	$9.05	+5.9%	COM	866264203
—	CODORUS VY BANCORP INC	10,500	$223K	0.1%	$30.25	—	COM	192025104
—	FIRST CHOICE BANCORP	9,880	$223K	0.1%	$30.57	—	COM	31948P104
—	ARGO GROUP INTL HLDGS LTD	3,273	$220K	0.1%	$63.07	—	COM	G0464B107
—	PACIFIC PREMIER BANCORP	8,540	$218K	0.1%	$40.00	—	COM	69478X105
HOPE	HOPE BANCORP INC	17,981	$213K	0.1%	$16.20	-11.7%	COM	43940T109
—	INVESTORS BANCORP INC NEW	20,010	$208K	0.1%	$10.99	—	COM	46146L101
—	BANCORP NEW JERSEY INC NEW	15,750	$205K	0.1%	$17.70	—	COM	059915108
BDX	BECTON DICKINSON & CO	894	$201K	0.1%	$85.77	+142.7%	COM	075887109
UPS	UNITED PARCEL SERVICE INC	1,993	$194K	0.1%	$70.63	+16.2%	CL B	911312106
RBB	RBB BANCORP	10,776	$189K	0.1%	$21.47	0.0%	COM	74930B105
AIG	AMERICAN INTL GROUP INC	4,613	$182K	0.1%	$38.86	-6.9%	COM NEW	026874784
BMY	BRISTOL MYERS SQUIBB CO	14,700	$141K	0.1%	$39.53	+3.6%	Call	110122108
—	HAMILTON BANCORP INC MD	10,000	$139K	0.1%	$15.70	—	COM	407015106
—	SAFEGUARD SCIENTIFICS INC	15,805	$136K	0.1%	$12.30	—	COM NEW	786449207
WFC	WELLS FARGO CO NEW	64,900	$134K	0.1%	$43.23	-2.8%	Call	949746101
—	HANESBRANDS INC	10,000	$125K	0.1%	$20.80	—	COM	410345102
BMY	BRISTOL MYERS SQUIBB CO	2,338	$122K	0.1%	$39.53	+3.6%	COM	110122108
—	BIOSCRIP INC	31,845	$114K	0.1%	$4.97	—	COM	09069N108
MET	METLIFE INC	56,500	$108K	0.1%	$30.13	+11.7%	Call	59156R108
—	SUNTRUST BKS INC	10,400	$104K	0.1%	$37.06	—	Call	867914103
KEY	KEYCORP NEW	49,400	$98,000	0.1%	$7.93	+57.7%	Call	493267108
PNC	PNC FINL SVCS GROUP INC	6,900	$96,000	0.1%	$51.88	+90.8%	Call	693475105
BK	BANK NEW YORK MELLON CORP	2,005	$94,000	0.1%	$31.29	+26.7%	COM	064058100
IP	INTL PAPER CO	2,001	$81,000	0.0%	$35.63	-14.5%	COM	460146103
ZION	ZIONS BANCORPORATION N A	17,000	$79,000	0.0%	—	—	Call	989701107
RF	REGIONS FINL CORP NEW	45,900	$78,000	0.0%	$7.34	+63.3%	Call	7591EP100
FITB	FIFTH THIRD BANCORP	14,400	$67,000	0.0%	$13.25	+49.8%	Call	316773100
—	CIT GROUP INC	13,000	$65,000	0.0%	$49.02	—	Call	125581801
PFE	PFIZER INC	5,300	$58,000	0.0%	$20.38	+47.4%	Call	717081103
—	DISCOVER FINL SVCS	14,600	$54,000	0.0%	$56.00	—	Call	254709108
—	LIQUID MEDIA GROUP LTD NEW	24,521	$47,000	0.0%	$1.92	—	COM NEW	53634Q204
ALL	ALLSTATE CORP	2,800	$43,000	0.0%	$41.21	+84.2%	Call	020002101
PRU	PRUDENTIAL FINL INC	11,900	$41,000	0.0%	—	—	Call	744320102
UPS	UNITED PARCEL SERVICE INC	2,000	$41,000	0.0%	$70.63	+16.2%	Call	911312106
CMA	COMERICA INC	4,500	$23,000	0.0%	$49.94	+13.1%	Call	200340107
IP	INTL PAPER CO	8,100	$19,000	0.0%	$35.63	-14.5%	Call	460146103
NWL	NEWELL BRANDS INC	3,500	$8,000	0.0%	$18.78	-24.4%	Call	651229106
AIG	AMERICAN INTL GROUP INC	11,300	$7,000	0.0%	$38.86	-6.9%	Call	026874784
T	AT&T INC	10,000	$4,000	0.0%	$14.02	-0.0%	Call	00206R102
—	HANESBRANDS INC	5,000	$2,000	0.0%	$20.80	—	Call	410345102