Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMERICA CORP	1,752,003	$61.89M	31.7%	$38.08	+12.5%	COM	060505104
—	SYNOVUS FINL CORP	203,926	$10.45M	5.3%	$30.77	—	COM NEW	87161C501
FRST	PRIMIS FINANCIAL CORP	756,258	$8.818M	4.5%	$11.54	-0.9%	COM	74167B109
C	CITIGROUP INC	393,650	$8.387M	4.3%	$64.18	+1.9%	COM NEW	172967424
WFC	WELLS FARGO CO NEW	133,733	$8.148M	4.2%	$43.50	+53.3%	COM	949746101
SMBK	SMARTFINANCIAL INC	238,789	$7.398M	3.8%	$22.88	+44.6%	COM NEW	83190L208
BANC	BANC OF CALIFORNIA INC	377,576	$5.837M	3.0%	$13.45	+13.8%	COM	05990K106
SBCF	SEACOAST BKG CORP FLA	206,681	$5.69M	2.9%	$24.77	+13.7%	COM NEW	811707801
—	PINNACLE FINL PARTNERS INC	47,323	$5.413M	2.8%	$56.04	—	COM	72346Q104
PGC	PEAPACK-GLADSTONE FINL CORP	148,094	$4.746M	2.4%	$23.30	+41.0%	COM	704699107
CMA	COMERICA INC	165,971	$3.349M	1.7%	$58.32	+5.8%	COM	200340107
—	SOUTHSTATE CORPORATION	32,912	$3.274M	1.7%	$60.72	—	COM	840441109
FBK	FB FINL CORP	61,520	$3.169M	1.6%	$36.01	+41.7%	COM	30257X104
TFC	TRUIST FINL CORP	72,242	$3.134M	1.6%	$37.78	+12.0%	COM	89832Q109
PNC	PNC FINL SVCS GROUP INC	14,490	$2.794M	1.4%	$79.23	+138.9%	COM	693475105
MCB	METROPOLITAN BK HLDG CORP	41,703	$2.435M	1.2%	$44.03	+35.4%	COM	591774104
WBS	WEBSTER FINL CORP	37,964	$2.096M	1.1%	$56.72	-3.2%	COM	947890109
FSUN	FIRSTSUN CAP BANCORP	50,525	$2.024M	1.0%	$39.20	0.0%	COM	33767U107
DCOM	DIME CMNTY BANCSHARES INC	61,834	$1.9M	1.0%	$20.29	+51.8%	COM	25432X102
CFG	CITIZENS FINL GROUP INC	179,301	$1.853M	0.9%	$41.98	+1.1%	COM	174610105
CNOB	CONNECTONE BANCORP INC	76,496	$1.753M	0.9%	$18.38	+34.8%	COM	20786W107
RF	REGIONS FINANCIAL CORP NEW	70,833	$1.666M	0.9%	$15.60	+50.9%	COM	7591EP100
BPOP	POPULAR INC	17,194	$1.617M	0.8%	$51.04	+82.1%	COM NEW	733174700
HAFC	HANMI FINL CORP	68,143	$1.61M	0.8%	$17.16	+36.7%	COM NEW	410495204
VABK	VIRGINIA NATL BANKSHARES COR	41,052	$1.568M	0.8%	$33.89	+20.6%	COM	928031103
WAL	WESTERN ALLIANCE BANCORP	17,895	$1.495M	0.8%	$56.30	+52.3%	COM	957638109
HTB	HOMETRUST BANCSHARES INC	40,950	$1.379M	0.7%	$28.51	+23.3%	COM	437872104
—	VERITEX HLDGS INC	49,177	$1.336M	0.7%	$24.91	—	COM	923451108
FHN	FIRST HORIZON CORPORATION	258,618	$1.328M	0.7%	$17.56	+3.5%	COM	320517105
HWC	HANCOCK WHITNEY CORPORATION	23,796	$1.302M	0.7%	$49.70	+11.4%	COM	410120109
TCBX	THIRD COAST BANCSHARES INC	37,675	$1.279M	0.7%	$21.12	+54.1%	COM	88422P109
JPM	JPMORGAN CHASE & CO.	5,168	$1.239M	0.6%	$96.57	+136.1%	COM	46625H100
SHBI	SHORE BANCSHARES INC	72,057	$1.142M	0.6%	$16.49	-6.1%	COM	825107105
WSFS	WSFS FINL CORP	21,309	$1.132M	0.6%	$40.03	+35.9%	COM	929328102
PFS	PROVIDENT FINL SVCS INC	59,843	$1.129M	0.6%	$11.50	+60.7%	COM	74386T105
TOWN	TOWNEBANK PORTSMOUTH VA	30,533	$1.04M	0.5%	$24.99	+39.2%	COM	89214P109
KEY	KEYCORP	74,848	$982K	0.5%	$14.71	+15.5%	COM	493267108
CBFV	CB FINL SVCS INC	34,203	$978K	0.5%	$18.20	+55.1%	COM	12479G101
COF	CAPITAL ONE FINL CORP	5,427	$968K	0.5%	$168.25	+1.4%	COM	14040H105
AR	ANTERO RESOURCES CORP	26,000	$911K	0.5%	$27.21	+11.3%	COM	03674X106
AUB	ATLANTIC UN BANKSHARES CORP	22,713	$860K	0.4%	$26.54	+41.2%	COM	04911A107
AAPL	APPLE INC	3,418	$856K	0.4%	$103.57	+126.4%	COM	037833100
AMTB	AMERANT BANCORP INC	34,988	$784K	0.4%	$20.10	+10.5%	CL A	023576101
SSBI	SUMMIT ST BK SANTA ROSA CALI	102,046	$781K	0.4%	$10.00	-26.9%	COM	866264203
ABCB	AMERIS BANCORP	12,376	$774K	0.4%	$40.92	+57.8%	COM	03076K108
MNSB	MAINSTREET BANCSHARES INC	41,995	$760K	0.4%	$21.12	-15.8%	COM	56064Y100
BAFN	BAYFIRST FINANCIAL CORP	55,077	$733K	0.4%	$24.30	-46.1%	COM	07279B104
CFBK	CF BANKSHARES INC	26,764	$684K	0.3%	$19.42	+30.6%	COM	12520L109
SPFI	SOUTH PLAINS FINANCIAL INC	18,708	$650K	0.3%	$26.57	+36.5%	COM	83946P107
MET	METLIFE INC	6,886	$564K	0.3%	$54.34	+48.4%	COM	59156R108
UCB	UNITED CMNTY BKS BLAIRSVLE G	17,032	$550K	0.3%	$23.67	+31.4%	COM	90984P303
ORRF	ORRSTOWN FINL SVCS INC	15,000	$549K	0.3%	$31.53	+15.5%	COM	687380105
MS	MORGAN STANLEY	4,225	$531K	0.3%	$70.85	+68.7%	COM NEW	617446448
USCB	USCB FINANCIAL HOLDINGS INC	29,269	$520K	0.3%	$11.60	+50.5%	CLASS A COM	90355N101
QCRH	QCR HOLDINGS INC	6,328	$510K	0.3%	$53.78	+55.7%	COM	74727A104
CBNK	CAPITAL BANCORP INC MD	17,208	$490K	0.3%	$26.85	0.0%	COM	139737100
XOM	EXXON MOBIL CORP	4,500	$484K	0.2%	$80.14	+40.2%	COM	30231G102
COLB	COLUMBIA BKG SYS INC	15,286	$413K	0.2%	$26.03	+3.5%	COM	197236102
CIVB	CIVISTA BANCSHARES INC	19,420	$409K	0.2%	$19.66	+1.1%	COM NO PAR	178867107
DVN	DEVON ENERGY CORP NEW	10,700	$350K	0.2%	$51.23	-28.9%	COM	25179M103
BMY	BRISTOL-MYERS SQUIBB CO	6,117	$346K	0.2%	$43.65	+20.5%	COM	110122108
BOTJ	BANK OF THE JAMES FINL GP IN	18,990	$301K	0.2%	$11.04	+24.7%	COM	470299108
OPBK	OP BANCORP	18,210	$288K	0.1%	$9.93	+54.5%	COM	67109R109
ZION	ZIONS BANCORPORATION N A	5,200	$282K	0.1%	$27.74	+97.5%	COM	989701107
HBAN	HUNTINGTON BANCSHARES INC	16,337	$266K	0.1%	$12.47	+25.9%	COM	446150104
V	VISA INC	800	$253K	0.1%	$242.67	+22.9%	COM CL A	92826C839
ALL	ALLSTATE CORP	1,287	$248K	0.1%	$151.93	+24.9%	COM	020002101
HIG	HARTFORD FINL SVCS GROUP INC	2,246	$246K	0.1%	$88.72	+28.1%	COM	416515104
CB	CHUBB LIMITED	824	$228K	0.1%	$241.21	+16.6%	COM	H1467J104
INDB	INDEPENDENT BK CORP MASS	3,529	$227K	0.1%	$55.74	+14.5%	COM	453836108
MSGS	MADISON SQUARE GRDN SPRT COR	992	$224K	0.1%	$201.03	+11.0%	CL A	55825T103
ONB	OLD NATL BANCORP IND	10,000	$217K	0.1%	$15.32	+35.9%	COM	680033107
—	PACIFIC PREMIER BANCORP	8,540	$213K	0.1%	$25.16	—	COM	69478X105
FXNC	FIRST NATL CORP	8,776	$202K	0.1%	$21.65	0.0%	COM	32106V107
UWMC	UWM HOLDINGS CORPORATION	150,000	$188K	0.1%	$6.51	0.0%	COM CL A	91823B109
UBFO	UNITED SEC BANCSHARES CALIF	18,181	$184K	0.1%	$6.26	+39.5%	COM	911460103
SPY	SPDR S&P 500 ETF TR	60,000	$180K	0.1%	$3.00	—	TR UNIT	78462F103
VBNK	VERSABANK NEW	10,000	$137K	0.1%	$13.73	—	COM	92512J106
FVCB	FVCBANKCORP INC	10,000	$126K	0.1%	$11.59	+12.8%	COM	36120Q101
QS	QUANTUMSCAPE CORP	49,700	$126K	0.1%	$5.89	-10.9%	COM CL A	74767V109