Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	1,376,385	$37.98M	18.6%	$17.25	+38.5%	COM	060505104
JPM	JPMORGAN CHASE & CO	129,514	$13.11M	6.4%	$77.89	+9.6%	COM	46625H100
MTB	M & T BK CORP	57,487	$9.027M	4.4%	$122.65	+7.5%	COM	55261F104
—	COWEN INC	560,410	$8.12M	4.0%	$13.42	—	CL A NEW	223622606
—	SOUTHERN NATL BANCORP OF VA	493,039	$7.223M	3.5%	$11.23	—	COM	843395104
COF	CAPITAL ONE FINL CORP	74,587	$6.093M	3.0%	$71.29	+1.3%	COM	14040H105
FITB	FIFTH THIRD BANCORP	234,480	$5.914M	2.9%	$19.26	+5.3%	COM	316773100
CMA	COMERICA INC	73,915	$5.419M	2.7%	$49.94	+15.1%	COM	200340107
PNC	PNC FINL SVCS GROUP INC	43,496	$5.335M	2.6%	$56.96	+70.0%	COM	693475105
—	FRANKLIN FINL NETWORK INC	146,543	$4.252M	2.1%	$32.52	—	COM	35352P104
PGC	PEAPACK-GLADSTONE FINL CORP	137,615	$3.608M	1.8%	$18.88	+38.1%	COM	704699107
SBCF	SEACOAST BKG CORP FLA	126,896	$3.344M	1.6%	$11.96	+134.6%	COM NEW	811707801
—	MERIDIAN BANCORP INC MD	209,320	$3.284M	1.6%	$11.49	—	COM	58958U103
—	PINNACLE FINL PARTNERS INC	53,548	$2.929M	1.4%	$56.10	—	COM	72346Q104
CNO	CNO FINL GROUP INC	175,204	$2.835M	1.4%	$12.99	+11.1%	COM	12621E103
—	SYNOVUS FINL CORP	80,348	$2.76M	1.4%	$28.28	—	COM NEW	87161C501
—	BB&T CORP	58,277	$2.711M	1.3%	$37.92	—	COM	054937107
KEY	KEYCORP NEW	168,595	$2.656M	1.3%	$7.98	+49.9%	COM	493267108
—	STERLING BANCORP DEL	142,305	$2.651M	1.3%	$14.54	—	COM	85917A100
—	SUNTRUST BKS INC	43,908	$2.601M	1.3%	$48.07	—	COM	867914103
—	HARTFORD FINL SVCS GROUP INC	53,218	$2.42M	1.2%	$28.05	—	*W EXP 06/26/201	416515120
HWC	HANCOCK WHITNEY CORPORATION	58,696	$2.371M	1.2%	$32.37	+26.6%	COM	410120109
—	SOUTH ST CORP	33,034	$2.258M	1.1%	$61.15	—	COM	840441109
RF	REGIONS FINL CORP NEW	157,732	$2.232M	1.1%	$7.48	+54.4%	COM	7591EP100
—	1ST CONSTITUTION BANCORP	118,624	$2.108M	1.0%	$18.20	—	COM	31986N102
—	DIME CMNTY BANCSHARES	111,863	$2.095M	1.0%	$18.99	—	COM	253922108
CERS	CERUS CORP	311,249	$1.939M	1.0%	$4.63	+31.1%	COM	157085101
JPM	JPMORGAN CHASE & CO	90,800	$1.64M	0.8%	$77.89	+9.6%	Call	46625H100
BANC	BANC OF CALIFORNIA INC	117,176	$1.621M	0.8%	$15.10	-15.0%	COM	05990K106
—	MIDSOUTH BANCORP INC	137,226	$1.566M	0.8%	$14.90	—	COM	598039105
—	UNION BANKSHARES CORP NEW	46,882	$1.516M	0.7%	$32.15	—	COM	90539J109
BAC	BANK AMER CORP	505,000	$1.496M	0.7%	$17.25	+38.5%	Call	060505104
FGBI	FIRST GTY BANCSHARES INC	61,020	$1.251M	0.6%	$10.15	+37.9%	COM	32043P106
CIVB	CIVISTA BANCSHARES INC	56,582	$1.235M	0.6%	$19.66	-18.0%	COM NO PAR	178867107
ABCB	AMERIS BANCORP	34,359	$1.18M	0.6%	$45.05	-25.4%	COM	03076K108
USB	US BANCORP DEL	24,288	$1.17M	0.6%	$25.38	+48.2%	COM NEW	902973304
EFSC	ENTERPRISE FINL SVCS CORP	27,150	$1.107M	0.5%	$15.45	+141.6%	COM	293712105
NWL	NEWELL BRANDS INC	67,343	$1.033M	0.5%	$15.55	-14.8%	COM	651229106
SMBK	SMARTFINANCIAL INC	53,671	$1.015M	0.5%	$20.40	-6.3%	COM NEW	83190L208
—	ALCENTRA CAP CORP	131,874	$990K	0.5%	$6.49	—	COM	01374T102
C	CITIGROUP INC	71,700	$982K	0.5%	$37.66	+29.5%	Call	172967424
—	FAUQUIER BANKSHARES INC VA	46,781	$964K	0.5%	$16.16	—	COM	312059108
—	CIT GROUP INC	19,589	$940K	0.5%	$49.02	—	COM NEW	125581801
GSBD	GOLDMAN SACHS BDC INC	45,028	$925K	0.5%	$21.30	-4.0%	SHS	38147U107
C	CITIGROUP INC	14,743	$918K	0.5%	$37.66	+29.5%	COM NEW	172967424
—	ESSA BANCORP INC	59,243	$912K	0.4%	$11.56	—	COM	29667D104
—	FIRST DEFIANCE FINL CORP	31,339	$901K	0.4%	$28.59	—	COM	32006W106
KINS	KINGSTONE COS INC	58,434	$861K	0.4%	$12.25	+17.8%	COM	496719105
THG	HANOVER INS GROUP INC	7,338	$838K	0.4%	$42.09	+128.2%	COM	410867105
BPOP	POPULAR INC	14,964	$780K	0.4%	$30.21	+43.1%	COM NEW	733174700
—	TERRITORIAL BANCORP INC	28,133	$757K	0.4%	$25.98	—	COM	88145X108
—	SEVERN BANCORP ANNAPOLIS MD	77,300	$732K	0.4%	$7.07	—	COM	81811M100
MS	MORGAN STANLEY	16,779	$708K	0.3%	$22.26	+52.8%	COM NEW	617446448
—	FS KKR CAPITAL CORP	115,540	$699K	0.3%	$5.51	—	COM	302635107
WFC	WELLS FARGO CO NEW	14,406	$699K	0.3%	$43.23	-5.7%	COM	949746101
CBFV	CB FINL SVCS INC	29,273	$695K	0.3%	$17.84	+4.3%	COM	12479G101
ALL	ALLSTATE CORP	7,338	$691K	0.3%	$41.21	+86.6%	COM	020002101
TOWN	TOWNEBANK PORTSMOUTH VA	27,065	$670K	0.3%	$25.15	+4.5%	COM	89214P109
WSFS	WSFS FINL CORP	16,891	$653K	0.3%	$41.58	0.0%	COM	929328102
MRCC	MONROE CAP CORP	52,438	$637K	0.3%	$4.67	+10.5%	COM	610335101
MET	METLIFE INC	14,611	$622K	0.3%	$30.13	+16.3%	COM	59156R108
XLF	SELECT SECTOR SPDR TR	3,000,000	$600K	0.3%	—	—	Put	81369Y605
—	SELECT BANCORP INC NEW	50,270	$572K	0.3%	$12.97	—	COM	81617L108
CNOB	CONNECTONE BANCORP INC NEW	28,847	$568K	0.3%	$15.11	+13.6%	COM	20786W107
MFIC	APOLLO INVT CORP	37,332	$565K	0.3%	$6.30	+1.9%	COM NEW	03761U502
—	CADENCE BANCORPORATION	29,160	$541K	0.3%	$18.55	—	CL A	12739A100
T	AT&T INC	17,200	$539K	0.3%	$14.02	+1.0%	COM	00206R102
—	AMERICAN INTL GROUP INC	94,227	$529K	0.3%	$13.95	—	*W EXP 01/19/202	026874156
—	CARTER BK & TR MARTINSVILLE	31,200	$514K	0.3%	$16.47	—	COM	146102108
—	STANDARD AVB FINL CORP	19,000	$512K	0.3%	$30.30	—	COM	85303B100
BBDC	BARINGS BDC INC	51,987	$510K	0.3%	$5.31	-3.8%	COM	06759L103
PEG	PUBLIC SVC ENTERPRISE GRP IN	8,500	$505K	0.2%	$21.50	+106.0%	COM	744573106
—	CITIZENS FIRST CORP	20,000	$496K	0.2%	$24.89	—	COM	17462Q107
MS	MORGAN STANLEY	49,800	$496K	0.2%	$22.26	+52.8%	Call	617446448
LNC	LINCOLN NATL CORP IND	8,417	$494K	0.2%	$35.97	+20.0%	COM	534187109
HBAN	HUNTINGTON BANCSHARES INC	37,812	$479K	0.2%	$6.11	+59.6%	COM	446150104
MPB	MID PENN BANCORP INC	19,437	$476K	0.2%	$24.93	-23.4%	COM	59540G107
—	ZIONS BANCORPORATION N A	35,039	$455K	0.2%	$12.94	—	*W EXP 05/21/202	989701115
—	CHEMICAL FINL CORP	10,539	$434K	0.2%	$49.97	—	COM	163731102
—	OLD LINE BANCSHARES INC	15,818	$394K	0.2%	$34.90	—	COM	67984M100
—	FIRST MIDWEST BANCORP DEL	19,085	$390K	0.2%	$19.81	—	COM	320867104
STT	STATE STR CORP	5,884	$387K	0.2%	$50.63	+9.4%	COM	857477103
—	DISCOVER FINL SVCS	5,416	$385K	0.2%	$56.00	—	COM	254709108
CFG	CITIZENS FINL GROUP INC	11,652	$379K	0.2%	$25.16	+1.9%	COM	174610105
ABR	ARBOR RLTY TR INC	28,633	$371K	0.2%	$6.79	—	COM	038923108
HAFC	HANMI FINL CORP	16,914	$360K	0.2%	$18.99	+14.5%	COM NEW	410495204
—	HOMETOWN BANKSHARES CORP	24,960	$357K	0.2%	$9.25	—	COM	43787N108
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$356K	0.2%	$128.20	+58.5%	CL A	55825T103
—	PACIFIC MERCANTILE BANCORP	46,400	$354K	0.2%	$7.11	—	COM	694552100
PB	PROSPERITY BANCSHARES INC	5,063	$350K	0.2%	$40.16	+42.8%	COM	743606105
—	UNIVAR INC	15,500	$343K	0.2%	$26.22	—	COM	91336L107
—	GUARANTY FED BANCSHARES INC	15,000	$337K	0.2%	$14.73	—	COM	40108P101
—	BB&T CORP	45,400	$336K	0.2%	$37.92	—	Call	054937107
FDUS	FIDUS INVT CORP	20,600	$316K	0.2%	$5.75	+14.4%	COM	316500107
IMPM	IMPAC MTG HLDGS INC	78,623	$308K	0.2%	$10.97	-63.8%	COM NEW	45254P508
WSBF	WATERSTONE FINL INC MD	18,556	$305K	0.1%	$10.47	+58.4%	COM	94188P101
BOTJ	BANK OF THE ST JAMES FINL GP	21,531	$295K	0.1%	$11.90	-9.7%	COM	470299108
HTGC	HERCULES CAPITAL INC	23,000	$291K	0.1%	$13.26	-3.9%	COM	427096508
AAPL	APPLE INC	1,522	$289K	0.1%	$30.44	+32.8%	COM	037833100
FCCO	FIRST CMNTY CORP S C	13,500	$257K	0.1%	$9.35	+76.1%	COM	319835104
HTB	HOMETRUST BANCSHARES INC	10,000	$252K	0.1%	$24.58	+8.6%	COM	437872104
—	RITE AID CORP	385,369	$245K	0.1%	$4.57	—	COM	767754104
PFE	PFIZER INC	5,530	$235K	0.1%	$20.38	+43.5%	COM	717081103
HOPE	HOPE BANCORP INC	17,981	$235K	0.1%	$16.20	-13.9%	COM	43940T109
—	BANK COMM HLDGS	22,300	$235K	0.1%	$7.22	—	COM	06424J103
—	ARGO GROUP INTL HLDGS LTD	3,273	$231K	0.1%	$63.07	—	COM	G0464B107
—	PACIFIC PREMIER BANCORP	8,540	$227K	0.1%	$40.00	—	COM	69478X105
—	CODORUS VY BANCORP INC	10,500	$224K	0.1%	$30.25	—	COM	192025104
BDX	BECTON DICKINSON & CO	894	$223K	0.1%	$85.77	+148.0%	COM	075887109
UPS	UNITED PARCEL SERVICE INC	1,993	$223K	0.1%	$70.63	+14.6%	CL B	911312106
SSBI	SUMMIT ST BK SANTA ROSA CALI	19,200	$222K	0.1%	$9.05	-1.4%	COM	866264203
—	SAFEGUARD SCIENTIFICS INC	20,405	$221K	0.1%	$11.97	—	COM NEW	786449207
ZTS	ZOETIS INC	2,104	$212K	0.1%	$85.91	0.0%	CL A	98978V103
—	FIRST CHOICE BANCORP	9,880	$212K	0.1%	$30.57	—	COM	31948P104
—	BANCORP NEW JERSEY INC NEW	15,750	$211K	0.1%	$17.70	—	COM	059915108
WTTR	SELECT ENERGY SVCS INC	17,000	$204K	0.1%	$12.00	—	CL A COM	81617J301
RBB	RBB BANCORP	10,776	$203K	0.1%	$21.47	-8.1%	COM	74930B105
AIG	AMERICAN INTL GROUP INC	4,602	$198K	0.1%	$38.86	-8.1%	COM NEW	026874784
—	DISCOVER FINL SVCS	14,600	$191K	0.1%	$56.00	—	Call	254709108
—	HANESBRANDS INC	10,000	$179K	0.1%	$20.80	—	COM	410345102
—	MAIDEN HOLDINGS LTD	207,122	$154K	0.1%	$4.58	—	SHS	G5753U112
KEY	KEYCORP NEW	49,400	$152K	0.1%	$7.98	+49.9%	Call	493267108
—	CIT GROUP INC	13,000	$152K	0.1%	$49.02	—	Call	125581801
—	HAMILTON BANCORP INC MD	10,000	$140K	0.1%	$15.70	—	COM	407015106
WFC	WELLS FARGO CO NEW	33,900	$135K	0.1%	$43.23	-5.7%	Call	949746101
MET	METLIFE INC	42,600	$130K	0.1%	$30.13	+16.3%	Call	59156R108
BMY	BRISTOL MYERS SQUIBB CO	14,700	$129K	0.1%	$39.53	-3.1%	Call	110122108
—	SUNTRUST BKS INC	16,100	$116K	0.1%	$48.07	—	Call	867914103
BMY	BRISTOL MYERS SQUIBB CO	2,338	$112K	0.1%	$39.53	-3.1%	COM	110122108
ZION	ZIONS BANCORPORATION N A	17,000	$104K	0.1%	—	—	Call	989701107
PNC	PNC FINL SVCS GROUP INC	6,900	$103K	0.1%	$56.96	+70.0%	Call	693475105
BK	BANK NEW YORK MELLON CORP	2,005	$101K	0.0%	$31.29	+35.3%	COM	064058100
RF	REGIONS FINL CORP NEW	45,900	$97,000	0.0%	$7.48	+54.4%	Call	7591EP100
IP	INTL PAPER CO	2,001	$93,000	0.0%	$35.63	-10.8%	COM	460146103
—	LIQUID MEDIA GROUP LTD NEW	24,521	$87,000	0.0%	$1.92	—	COM NEW	53634Q204
FITB	FIFTH THIRD BANCORP	14,400	$82,000	0.0%	$19.26	+5.3%	Call	316773100
PRU	PRUDENTIAL FINL INC	11,900	$78,000	0.0%	—	—	Call	744320102
ALL	ALLSTATE CORP	2,800	$69,000	0.0%	$41.21	+86.6%	Call	020002101
BK	BANK NEW YORK MELLON CORP	8,300	$64,000	0.0%	$31.29	+35.3%	Call	064058100
—	BIOSCRIP INC	31,012	$62,000	0.0%	$4.97	—	COM	09069N108
UPS	UNITED PARCEL SERVICE INC	2,000	$60,000	0.0%	$70.63	+14.6%	Call	911312106
PFE	PFIZER INC	5,300	$50,000	0.0%	$20.38	+43.5%	Call	717081103
IP	INTL PAPER CO	8,100	$31,000	0.0%	$35.63	-10.8%	Call	460146103
AIG	AMERICAN INTL GROUP INC	5,100	$28,000	0.0%	$38.86	-8.1%	Call	026874784
CMA	COMERICA INC	4,500	$22,000	0.0%	$49.94	+15.1%	Call	200340107
T	AT&T INC	10,000	$5,000	0.0%	$14.02	+1.0%	Call	00206R102
NWL	NEWELL BRANDS INC	3,000	$3,000	0.0%	$15.55	-14.8%	Call	651229106