Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BK OF AMERICA CORP	344,197	$8.174M	10.7%	$19.96	+3.1%	COM	060505104
—	COWEN INC	480,630	$7.79M	10.2%	$14.10	—	CL A NEW	223622606
—	SOUTHERN NATL BANCORP OF VA	726,039	$7.035M	9.2%	$11.35	—	COM	843395104
—	SYNOVUS FINL CORP	165,626	$3.4M	4.5%	$26.01	—	COM NEW	87161C501
PGC	PEAPACK-GLADSTONE FINL CORP	141,516	$2.651M	3.5%	$18.71	-9.2%	COM	704699107
BKU	BANKUNITED INC	118,775	$2.405M	3.2%	$15.46	0.0%	COM	06652K103
CERS	CERUS CORP	356,549	$2.354M	3.1%	$4.59	+25.0%	COM	157085101
PNC	PNC FINL SVCS GROUP INC	21,733	$2.287M	3.0%	$59.63	+44.1%	COM	693475105
FBK	FB FINL CORP	78,795	$1.952M	2.6%	$20.47	0.0%	COM	30257X104
—	PINNACLE FINL PARTNERS INC	45,829	$1.924M	2.5%	$54.85	—	COM	72346Q104
—	STERLING BANCORP DEL	146,998	$1.723M	2.3%	$13.46	—	COM	85917A100
—	MERIDIAN BANCORP INC MD	145,351	$1.686M	2.2%	$11.49	—	COM	58958U103
—	1ST CONSTITUTION BANCORP	131,812	$1.634M	2.1%	$18.15	—	COM	31986N102
TFC	TRUIST FINL CORP	40,257	$1.512M	2.0%	$39.27	-29.4%	COM	89832Q109
AUB	ATLANTIC UN BANKSHARES CORP	64,841	$1.502M	2.0%	$25.92	-29.9%	COM	04911A107
SBCF	SEACOAST BKG CORP FLA	71,630	$1.461M	1.9%	$11.96	+69.8%	COM NEW	811707801
FITB	FIFTH THIRD BANCORP	65,415	$1.261M	1.7%	$18.98	-21.8%	COM	316773100
—	SOUTH ST CORP	24,196	$1.153M	1.5%	$61.15	—	COM	840441109
SMBK	SMARTFINANCIAL INC	64,803	$1.048M	1.4%	$19.40	-24.7%	COM NEW	83190L208
—	FAUQUIER BANKSHARES INC VA	66,765	$941K	1.2%	$15.56	—	COM	312059108
—	SELECT BANCORP INC NEW	115,270	$938K	1.2%	$12.23	—	COM	81617L108
RF	REGIONS FINANCIAL CORP NEW	76,270	$849K	1.1%	$7.75	+9.0%	COM	7591EP100
FGBI	FIRST GTY BANCSHARES INC	67,116	$821K	1.1%	$10.54	-8.6%	COM	32043P106
—	FRANKLIN FINL NETWORK INC	30,114	$776K	1.0%	$32.52	—	COM	35352P104
CBFV	CB FINL SVCS INC	34,273	$748K	1.0%	$18.30	-4.4%	COM	12479G101
JPM	JPMORGAN CHASE & CO	7,760	$730K	1.0%	$77.89	+4.9%	COM	46625H100
—	DIME CMNTY BANCSHARES INC	51,425	$706K	0.9%	$19.07	—	COM	253922108
CCAP	CRESCENT CAP BDC INC	55,149	$697K	0.9%	$6.95	-12.9%	COM	225655109
MNSB	MAINSTREET BANCSHARES INC	52,185	$689K	0.9%	$21.38	-39.8%	COM	56064Y100
WSFS	WSFS FINL CORP	22,977	$660K	0.9%	$40.03	-33.9%	COM	929328102
CNO	CNO FINL GROUP INC	40,890	$637K	0.8%	$12.83	-5.3%	COM	12621E103
EFSC	ENTERPRISE FINL SVCS CORP	19,029	$592K	0.8%	$15.45	+66.8%	COM	293712105
THG	HANOVER INS GROUP INC	5,826	$590K	0.8%	$42.09	+103.7%	COM	410867105
CNOB	CONNECTONE BANCORP INC NEW	35,147	$567K	0.7%	$14.59	-16.3%	COM	20786W107
—	STANDARD AVB FINL CORP	24,000	$557K	0.7%	$29.61	—	COM	85303B100
TOWN	TOWNEBANK PORTSMOUTH VA	27,065	$510K	0.7%	$25.15	-26.2%	COM	89214P109
—	PREMIER FINANCIAL CORP	28,807	$509K	0.7%	$17.67	—	COM	74052F108
PFS	PROVIDENT FINL SVCS INC	35,244	$509K	0.7%	$9.93	0.0%	COM	74386T105
COF	CAPITAL ONE FINL CORP	7,992	$500K	0.7%	$70.37	-19.5%	COM	14040H105
USB	US BANCORP DEL	13,489	$497K	0.7%	$25.38	+9.8%	COM NEW	902973304
—	SEVERN BANCORP INC ANNAPOLIS	75,324	$488K	0.6%	$7.13	—	COM	81811M100
WSBC	WESBANCO INC	22,905	$465K	0.6%	$30.60	-28.5%	COM	950810101
—	TERRITORIAL BANCORP INC	18,349	$436K	0.6%	$28.59	—	COM	88145X108
—	LIMESTONE BANCORP INC	30,000	$395K	0.5%	$18.00	—	COM	53262L105
—	PACIFIC MERCANTILE BANCORP	106,292	$389K	0.5%	$6.42	—	COM	694552100
KINS	KINGSTONE COS INC	82,805	$366K	0.5%	$10.93	-60.0%	COM	496719105
MPB	MID PENN BANCORP INC	19,437	$358K	0.5%	$24.93	-37.4%	COM	59540G107
CIVB	CIVISTA BANCSHARES INC	23,005	$354K	0.5%	$19.66	-38.2%	COM NO PAR	178867107
MS	MORGAN STANLEY	7,140	$345K	0.5%	$22.26	+58.2%	COM NEW	617446448
KEY	KEYCORP	26,886	$328K	0.4%	$7.98	+10.5%	COM	493267108
BPOP	POPULAR INC	8,548	$318K	0.4%	$30.21	+4.2%	COM NEW	733174700
PB	PROSPERITY BANCSHARES INC	4,813	$286K	0.4%	$40.16	+19.5%	COM	743606105
ABCB	AMERIS BANCORP	12,103	$286K	0.4%	$45.05	-52.0%	COM	03076K108
MTB	M & T BK CORP	2,695	$280K	0.4%	$122.65	-28.4%	COM	55261F104
HTB	HOMETRUST BANCSHARES INC	16,500	$264K	0.3%	$24.23	-37.9%	COM	437872104
AAPL	APPLE INC	720	$263K	0.3%	$75.09	0.0%	COM	037833100
—	AMERICAN NATL BANKSHARES INC	10,358	$259K	0.3%	$38.71	—	COM	027745108
—	TCF FINANCIAL CORPORATION NE	8,339	$245K	0.3%	$38.05	—	COM	872307103
—	GUARANTY FED BANCSHARES INC	15,000	$229K	0.3%	$14.73	—	COM	40108P101
OPBK	OP BANCORP	31,107	$215K	0.3%	$9.83	-31.5%	COM	67109R109
BDX	BECTON DICKINSON & CO	894	$214K	0.3%	$85.77	+156.9%	COM	075887109
COLB	COLUMBIA BKG SYS INC	7,264	$206K	0.3%	$19.36	0.0%	COM	197236102
FCCO	FIRST CMNTY CORP S C	13,500	$205K	0.3%	$9.35	+36.5%	COM	319835104
BOTJ	BANK OF THE ST JAMES FINL GP	21,531	$203K	0.3%	$11.90	-35.5%	COM	470299108
HBAN	HUNTINGTON BANCSHARES INC	21,534	$195K	0.3%	$6.14	+11.0%	COM	446150104
—	DELMAR BANCORP	27,569	$181K	0.2%	$6.57	—	COM NEW	247035207
SSBI	SUMMIT ST BK SANTA ROSA CALI	19,200	$172K	0.2%	$9.05	-19.4%	COM	866264203
—	BANK COMM HLDGS	20,421	$155K	0.2%	$7.22	—	COM	06424J103
IMPM	IMPAC MTG HLDGS INC	91,145	$154K	0.2%	$9.47	-80.5%	COM NEW	45254P508
—	SAFEGUARD SCIENTIFICS INC	20,405	$143K	0.2%	$11.97	—	COM NEW	786449207
—	FIRST MIDWEST BANCORP DEL	10,716	$143K	0.2%	$19.81	—	COM	320867104
OFG	OFG BANCORP	10,121	$135K	0.2%	$19.92	-39.5%	COM	67103X102
—	AMERICAN INTL GROUP INC	89,811	$126K	0.2%	$13.95	—	*W EXP 01/19/202	026874156
—	MAIDEN HOLDINGS LTD	92,185	$114K	0.1%	$4.58	—	SHS	G5753U112
—	HANESBRANDS INC	10,000	$113K	0.1%	$20.80	—	COM	410345102
OI	O-I GLASS INC	12,600	$113K	0.1%	$9.90	-21.9%	COM	67098H104
MRCC	MONROE CAP CORP	12,347	$86,000	0.1%	$4.67	-19.9%	COM	610335101
—	ONCOSEC MED INC	32,303	$66,000	0.1%	$1.87	—	COM	68234L306
—	ACORDA THERAPEUTICS INC	26,400	$19,000	0.0%	$0.93	—	COM	00484M106