Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	1,418,385	$41.13M	18.9%	$17.46	+40.3%	COM	060505104
JPM	JPMORGAN CHASE & CO	129,514	$14.48M	6.6%	$77.89	+18.1%	COM	46625H100
—	COWEN INC	570,060	$9.8M	4.5%	$13.48	—	CL A NEW	223622606
MTB	M & T BK CORP	57,487	$9.777M	4.5%	$122.65	+9.1%	COM	55261F104
—	SOUTHERN NATL BANCORP OF VA	503,817	$7.714M	3.5%	$11.32	—	COM	843395104
COF	CAPITAL ONE FINL CORP	74,587	$6.767M	3.1%	$71.29	+12.0%	COM	14040H105
FITB	FIFTH THIRD BANCORP	227,480	$6.347M	2.9%	$19.26	+9.4%	COM	316773100
PNC	PNC FINL SVCS GROUP INC	43,496	$5.971M	2.7%	$56.96	+82.8%	COM	693475105
CMA	COMERICA INC	73,915	$5.369M	2.5%	$49.94	+7.6%	COM	200340107
—	FRANKLIN FINL NETWORK INC	146,543	$4.082M	1.9%	$32.52	—	COM	35352P104
PGC	PEAPACK-GLADSTONE FINL CORP	142,615	$4.01M	1.8%	$19.14	+37.7%	COM	704699107
—	MERIDIAN BANCORP INC MD	209,320	$3.745M	1.7%	$11.49	—	COM	58958U103
SBCF	SEACOAST BKG CORP FLA	127,296	$3.238M	1.5%	$11.96	+117.2%	COM NEW	811707801
—	SYNOVUS FINL CORP	90,458	$3.167M	1.5%	$29.03	—	COM NEW	87161C501
—	PINNACLE FINL PARTNERS INC	53,548	$3.078M	1.4%	$56.10	—	COM	72346Q104
—	STERLING BANCORP DEL	142,305	$3.028M	1.4%	$14.54	—	COM	85917A100
CNO	CNO FINL GROUP INC	175,204	$2.922M	1.3%	$12.99	+9.1%	COM	12621E103
—	BB&T CORP	58,277	$2.863M	1.3%	$37.92	—	COM	054937107
KEY	KEYCORP NEW	155,595	$2.761M	1.3%	$7.98	+53.7%	COM	493267108
—	SUNTRUST BKS INC	43,908	$2.76M	1.3%	$48.07	—	COM	867914103
HIG	HARTFORD FINL SVCS GROUP INC	48,533	$2.704M	1.2%	$45.59	0.0%	COM	416515104
HWC	HANCOCK WHITNEY CORPORATION	65,696	$2.632M	1.2%	$33.31	+23.7%	COM	410120109
—	SOUTH ST CORP	33,034	$2.434M	1.1%	$61.15	—	COM	840441109
RF	REGIONS FINL CORP NEW	157,732	$2.356M	1.1%	$7.48	+50.2%	COM	7591EP100
—	1ST CONSTITUTION BANCORP	118,624	$2.191M	1.0%	$18.20	—	COM	31986N102
—	DIME CMNTY BANCSHARES	111,863	$2.124M	1.0%	$18.99	—	COM	253922108
JPM	JPMORGAN CHASE & CO	94,800	$2.034M	0.9%	$77.89	+18.1%	Call	46625H100
CERS	CERUS CORP	311,249	$1.749M	0.8%	$4.63	+19.3%	COM	157085101
BANC	BANC OF CALIFORNIA INC	123,576	$1.726M	0.8%	$14.95	-18.1%	COM	05990K106
AUB	ATLANTIC UN BANKSHARES CORP	46,882	$1.656M	0.8%	$27.30	0.0%	COM	04911A107
BAC	BANK AMER CORP	240,400	$1.636M	0.8%	$17.46	+40.3%	Call	060505104
—	MIDSOUTH BANCORP INC	137,226	$1.626M	0.7%	$14.90	—	COM	598039105
C	CITIGROUP INC	71,700	$1.439M	0.7%	$37.66	+40.5%	Call	172967424
ABCB	AMERIS BANCORP	34,359	$1.347M	0.6%	$45.05	-26.6%	COM	03076K108
USB	US BANCORP DEL	24,288	$1.273M	0.6%	$25.38	+53.4%	COM NEW	902973304
FGBI	FIRST GTY BANCSHARES INC	61,020	$1.272M	0.6%	$10.15	+37.4%	COM	32043P106
CIVB	CIVISTA BANCSHARES INC	56,582	$1.27M	0.6%	$19.66	-8.5%	COM NO PAR	178867107
MNSB	MAINSTREET BANCSHARES INC	52,185	$1.189M	0.5%	$21.38	0.0%	COM	56064Y100
SMBK	SMARTFINANCIAL INC	53,671	$1.164M	0.5%	$20.40	+1.4%	COM NEW	83190L208
—	AMERICAN INTL GROUP INC	94,727	$1.16M	0.5%	$13.95	—	*W EXP 01/19/202	026874156
EFSC	ENTERPRISE FINL SVCS CORP	27,150	$1.129M	0.5%	$15.45	+135.8%	COM	293712105
—	ALCENTRA CAP CORP	132,374	$1.109M	0.5%	$6.49	—	COM	01374T102
NWL	NEWELL BRANDS INC	67,343	$1.039M	0.5%	$15.55	-29.5%	COM	651229106
C	CITIGROUP INC	14,743	$1.033M	0.5%	$37.66	+40.5%	COM NEW	172967424
—	CIT GROUP INC	19,589	$1.03M	0.5%	$49.02	—	COM NEW	125581801
—	FAUQUIER BANKSHARES INC VA	46,781	$997K	0.5%	$16.16	—	COM	312059108
THG	HANOVER INS GROUP INC	7,338	$941K	0.4%	$42.09	+142.8%	COM	410867105
—	FIRST DEFIANCE FINL CORP	31,339	$895K	0.4%	$28.59	—	COM	32006W106
GSBD	GOLDMAN SACHS BDC INC	45,028	$886K	0.4%	$21.30	-5.2%	SHS	38147U107
BPOP	POPULAR INC	14,964	$812K	0.4%	$30.21	+48.0%	COM NEW	733174700
—	ESSA BANCORP INC	51,984	$793K	0.4%	$11.56	—	COM	29667D104
ALL	ALLSTATE CORP	7,338	$746K	0.3%	$41.21	+102.6%	COM	020002101
TOWN	TOWNEBANK PORTSMOUTH VA	27,065	$738K	0.3%	$25.15	+4.9%	COM	89214P109
MS	MORGAN STANLEY	16,779	$735K	0.3%	$22.26	+63.0%	COM NEW	617446448
MET	METLIFE INC	14,611	$726K	0.3%	$30.13	+24.8%	COM	59156R108
KINS	KINGSTONE COS INC	83,434	$722K	0.3%	$11.43	-16.9%	COM	496719105
WSFS	WSFS FINL CORP	16,891	$697K	0.3%	$41.58	-0.3%	COM	929328102
—	SEVERN BANCORP ANNAPOLIS MD	80,006	$695K	0.3%	$7.13	—	COM	81811M100
CBFV	CB FINL SVCS INC	29,273	$695K	0.3%	$17.84	-0.6%	COM	12479G101
—	FS KKR CAPITAL CORP	115,540	$689K	0.3%	$5.51	—	COM	302635107
WFC	WELLS FARGO CO NEW	14,406	$681K	0.3%	$43.23	-9.6%	COM	949746101
CNOB	CONNECTONE BANCORP INC NEW	28,847	$654K	0.3%	$15.11	+20.1%	COM	20786W107
—	CADENCE BANCORPORATION	29,160	$607K	0.3%	$18.55	—	CL A	12739A100
MRCC	MONROE CAP CORP	52,438	$605K	0.3%	$4.67	+13.5%	COM	610335101
MFIC	APOLLO INVT CORP	37,332	$590K	0.3%	$6.30	+9.8%	COM NEW	03761U502
T	AT&T INC	17,200	$576K	0.3%	$14.02	+7.5%	COM	00206R102
—	SELECT BANCORP INC NEW	50,270	$575K	0.3%	$12.97	—	COM	81617L108
MS	MORGAN STANLEY	49,800	$557K	0.3%	$22.26	+63.0%	Call	617446448
LNC	LINCOLN NATL CORP IND	8,417	$542K	0.2%	$35.97	+30.2%	COM	534187109
HBAN	HUNTINGTON BANCSHARES INC	37,812	$523K	0.2%	$6.11	+61.0%	COM	446150104
—	STANDARD AVB FINL CORP	19,000	$521K	0.2%	$30.30	—	COM	85303B100
—	CITIZENS FIRST CORP	20,000	$514K	0.2%	$24.89	—	COM	17462Q107
BBDC	BARINGS BDC INC	51,987	$512K	0.2%	$5.31	-0.6%	COM	06759L103
MPB	MID PENN BANCORP INC	19,437	$485K	0.2%	$24.93	-20.4%	COM	59540G107
—	ZIONS BANCORPORATION N A	35,039	$465K	0.2%	$12.94	—	*W EXP 05/21/202	989701115
—	CHEMICAL FINL CORP	10,539	$433K	0.2%	$49.97	—	COM	163731102
—	OLD LINE BANCSHARES INC	15,818	$421K	0.2%	$34.90	—	COM	67984M100
—	DISCOVER FINL SVCS	5,416	$420K	0.2%	$56.00	—	COM	254709108
—	BB&T CORP	45,400	$419K	0.2%	$37.92	—	Call	054937107
CFG	CITIZENS FINL GROUP INC	11,652	$412K	0.2%	$25.16	+3.4%	COM	174610105
—	AMERICAN NATL BANKSHARES INC	10,358	$401K	0.2%	$38.71	—	COM	027745108
—	FIRST MIDWEST BANCORP DEL	19,085	$391K	0.2%	$19.81	—	COM	320867104
—	PACIFIC MERCANTILE BANCORP	46,400	$383K	0.2%	$7.11	—	COM	694552100
HAFC	HANMI FINL CORP	16,914	$377K	0.2%	$18.99	+16.8%	COM NEW	410495204
—	GUARANTY FED BANCSHARES INC	15,000	$349K	0.2%	$14.73	—	COM	40108P101
ABR	ARBOR RLTY TR INC	28,633	$347K	0.2%	$6.79	—	COM	038923108
PEG	PUBLIC SVC ENTERPRISE GRP IN	5,900	$347K	0.2%	$21.50	+121.2%	COM	744573106
—	UNIVAR INC	15,500	$342K	0.2%	$26.22	—	COM	91336L107
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$340K	0.2%	$128.20	+66.1%	CL A	55825T103
PB	PROSPERITY BANCSHARES INC	5,063	$334K	0.2%	$40.16	+39.4%	COM	743606105
FDUS	FIDUS INVT CORP	20,600	$329K	0.2%	$5.75	+29.4%	COM	316500107
BOTJ	BANK OF THE ST JAMES FINL GP	21,531	$318K	0.1%	$11.90	-8.7%	COM	470299108
AAPL	APPLE INC	1,522	$302K	0.1%	$30.44	+53.2%	COM	037833100
HTGC	HERCULES CAPITAL INC	23,000	$295K	0.1%	$13.26	-2.2%	COM	427096508
MET	METLIFE INC	42,600	$295K	0.1%	$30.13	+24.8%	Call	59156R108
—	PACIFIC PREMIER BANCORP	8,540	$264K	0.1%	$40.00	—	COM	69478X105
HTB	HOMETRUST BANCSHARES INC	10,000	$251K	0.1%	$24.58	+2.3%	COM	437872104
FCCO	FIRST CMNTY CORP S C	13,500	$250K	0.1%	$9.35	+63.3%	COM	319835104
HOPE	HOPE BANCORP INC	17,981	$248K	0.1%	$16.20	-15.8%	COM	43940T109
—	SAFEGUARD SCIENTIFICS INC	20,405	$246K	0.1%	$11.97	—	COM NEW	786449207
AIG	AMERICAN INTL GROUP INC	4,602	$245K	0.1%	$38.86	+7.9%	COM NEW	026874784
IMPM	IMPAC MTG HLDGS INC	78,623	$244K	0.1%	$10.97	-68.5%	COM NEW	45254P508
—	CODORUS VY BANCORP INC	10,500	$242K	0.1%	$30.25	—	COM	192025104
—	ARGO GROUP INTL HLDGS LTD	3,273	$242K	0.1%	$63.07	—	COM	G0464B107
OFG	OFG BANCORP	10,121	$241K	0.1%	$19.92	0.0%	COM	67103X102
PFE	PFIZER INC	5,530	$240K	0.1%	$20.38	+43.4%	COM	717081103
KEY	KEYCORP NEW	49,400	$240K	0.1%	$7.98	+53.7%	Call	493267108
ZTS	ZOETIS INC	2,104	$239K	0.1%	$85.91	+15.5%	CL A	98978V103
—	BANK COMM HLDGS	22,300	$238K	0.1%	$7.22	—	COM	06424J103
—	SB ONE BANCORP	10,600	$237K	0.1%	$22.36	—	COM	78413T103
—	FIRST CHOICE BANCORP	9,880	$225K	0.1%	$30.57	—	COM	31948P104
BDX	BECTON DICKINSON & CO	894	$225K	0.1%	$85.77	+144.5%	COM	075887109
—	BANCORP NEW JERSEY INC NEW	15,750	$219K	0.1%	$17.70	—	COM	059915108
SSBI	SUMMIT ST BK SANTA ROSA CALI	19,200	$211K	0.1%	$9.05	-5.3%	COM	866264203
RBB	RBB BANCORP	10,776	$208K	0.1%	$21.47	-10.0%	COM	74930B105
UPS	UNITED PARCEL SERVICE INC	1,993	$206K	0.1%	$70.63	+13.5%	CL B	911312106
WTTR	SELECT ENERGY SVCS INC	17,000	$197K	0.1%	$12.00	—	CL A COM	81617J301
—	CIT GROUP INC	13,000	$187K	0.1%	$49.02	—	Call	125581801
PNC	PNC FINL SVCS GROUP INC	6,900	$173K	0.1%	$56.96	+82.8%	Call	693475105
—	HANESBRANDS INC	10,000	$172K	0.1%	$20.80	—	COM	410345102
WFC	WELLS FARGO CO NEW	38,700	$164K	0.1%	$43.23	-9.6%	Call	949746101
—	RITE AID CORP	19,268	$154K	0.1%	$7.99	—	COM	767754872
ZION	ZIONS BANCORPORATION N A	21,500	$137K	0.1%	—	—	Call	989701107
—	MAIDEN HOLDINGS LTD	207,122	$133K	0.1%	$4.58	—	SHS	G5753U112
—	SUNTRUST BKS INC	16,100	$131K	0.1%	$48.07	—	Call	867914103
RF	REGIONS FINL CORP NEW	45,900	$122K	0.1%	$7.48	+50.2%	Call	7591EP100
BMY	BRISTOL MYERS SQUIBB CO	2,338	$106K	0.0%	$39.53	-8.6%	COM	110122108
FITB	FIFTH THIRD BANCORP	14,400	$102K	0.0%	$19.26	+9.4%	Call	316773100
BMY	BRISTOL MYERS SQUIBB CO	14,700	$91,000	0.0%	$39.53	-8.6%	Call	110122108
IP	INTL PAPER CO	2,001	$87,000	0.0%	$35.63	-11.9%	COM	460146103
—	DISCOVER FINL SVCS	4,500	$81,000	0.0%	$56.00	—	Call	254709108
—	BIOSCRIP INC	31,012	$81,000	0.0%	$4.97	—	COM	09069N108
AIG	AMERICAN INTL GROUP INC	5,100	$67,000	0.0%	$38.86	+7.9%	Call	026874784
PFE	PFIZER INC	5,300	$49,000	0.0%	$20.38	+43.4%	Call	717081103
UPS	UNITED PARCEL SERVICE INC	2,000	$47,000	0.0%	$70.63	+13.5%	Call	911312106
—	LIQUID MEDIA GROUP LTD NEW	24,521	$43,000	0.0%	$1.92	—	COM NEW	53634Q204
CMA	COMERICA INC	8,500	$38,000	0.0%	$49.94	+7.6%	Call	200340107
IP	INTL PAPER CO	8,100	$21,000	0.0%	$35.63	-11.9%	Call	460146103
T	AT&T INC	10,000	$8,000	0.0%	$14.02	+7.5%	Call	00206R102
NWL	NEWELL BRANDS INC	3,000	$1,000	0.0%	$15.55	-29.5%	Call	651229106