Location: Arlington, VA
CIK: 0001353254 · Show all filings
Period: Q1 2020 (← Previous) (Next →)
Filing Date: May 15, 2020
Total Value: $475M (97.6% shares, 2.4% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | ISTAR INC | 5,642,120 | $59.86M | 12.6% | $13.93 | — | COM | 45031U101 |
| OSG | AMBAC FINL GROUP INC | 2,046,305 | $25.25M | 5.3% | $19.15 | +0.1% | COM NEW | 023139884 |
| MBI | MBIA INC | 3,391,233 | $24.21M | 5.1% | $4.03 | -8.6% | COM | 55262C100 |
| FBP | FIRST BANCORP P R | 3,350,925 | $17.83M | 3.8% | $7.71 | -11.4% | COM NEW | 318672706 |
| RDN | RADIAN GROUP INC | 1,284,000 | $16.63M | 3.5% | $19.26 | -5.7% | COM | 750236101 |
| MVBF | MVB FINL CORP | 1,129,478 | $14.4M | 3.0% | $15.30 | +4.0% | COM | 553810102 |
| — | SYNOVUS FINL CORP | 770,216 | $13.53M | 2.9% | $40.38 | — | COM NEW | 87161C501 |
| NMRK | NEWMARK GROUP INC | 3,088,781 | $13.13M | 2.8% | $8.61 | +7.0% | CL A | 65158N102 |
| — | ISTAR INC | 12,000,000 | $11.6M | 2.4% | $0.91 | — | NOTE 3.125% 9/1 | 45031UCB5 |
| CCB | COASTAL FINL CORP WA | 1,021,165 | $10.73M | 2.3% | $16.45 | -5.0% | COM NEW | 19046P209 |
| PCB | PCB BANCORP | 1,063,260 | $10.4M | 2.2% | $16.58 | -16.8% | COM | 69320M109 |
| AGO | ASSURED GUARANTY LTD | 392,336 | $10.12M | 2.1% | $37.16 | +0.3% | COM | G0585R106 |
| BHF | BRIGHTHOUSE FINL INC | 412,880 | $9.979M | 2.1% | $38.47 | -8.0% | COM | 10922N103 |
| — | BANK PRINCETON NEW JERSEY | 424,694 | $9.874M | 2.1% | $31.99 | — | COM | 064520109 |
| BWB | BRIDGEWATER BANCSHARES INC | 956,889 | $9.33M | 2.0% | $12.33 | -0.7% | COM ACCD INV | 108621103 |
| — | PROFESSIONAL HLDG CORP | 519,229 | $8.282M | 1.7% | $15.95 | — | CL A COM | 743139107 |
| SICPQ | SILVERGATE CAP CORP | 843,961 | $8.051M | 1.7% | $15.46 | -8.5% | CL A | 82837P408 |
| — | MALVERN BANCORP INC | 640,587 | $7.847M | 1.7% | $16.74 | — | COM | 561409103 |
| BCML | BAYCOM CORP | 650,000 | $7.833M | 1.7% | $21.48 | -14.3% | COM | 07272M107 |
| BFST | BUSINESS FIRST BANCSHARES IN | 570,193 | $7.698M | 1.6% | $21.30 | -11.5% | COM | 12326C105 |
| — | CROSSFIRST BANKSHARES INC | 912,280 | $7.663M | 1.6% | $14.30 | — | COM | 22766M109 |
| — | PACIFIC MERCANTILE BANCORP | 1,603,251 | $7.551M | 1.6% | $8.14 | — | COM | 694552100 |
| MCB | METROPOLITAN BK HLDG CORP | 272,603 | $7.341M | 1.5% | $42.65 | -3.0% | COM | 591774104 |
| SBFG | SB FINL GROUP INC | 629,151 | $6.996M | 1.5% | $17.55 | -5.2% | COM | 78408D105 |
| MNSB | MAINSTREET BANCSHARES INC | 402,288 | $6.742M | 1.4% | $21.38 | -10.3% | COM | 56064Y100 |
| — | SEVERN BANCORP ANNAPOLIS MD | 1,000,000 | $6.42M | 1.4% | $6.00 | — | COM | 81811M100 |
| — | BANK COMM HLDGS | 815,234 | $6.416M | 1.4% | $11.05 | — | COM | 06424J103 |
| OPBK | OP BANCORP | 859,130 | $6.409M | 1.4% | $10.88 | -16.4% | COM | 67109R109 |
| — | ON DECK CAP INC | 3,829,820 | $5.898M | 1.2% | $3.17 | — | COM | 682163100 |
| FSBW | FS BANCORP INC | 162,500 | $5.85M | 1.2% | $22.41 | -5.0% | COM | 30263Y104 |
| EBMT | EAGLE BANCORP MONT INC | 350,000 | $5.674M | 1.2% | $15.52 | +3.6% | COM | 26942G100 |
| — | MACKINAC FINL CORP | 532,919 | $5.569M | 1.2% | $16.54 | — | COM | 554571109 |
| ISTR | INVESTAR HLDG CORP | 399,800 | $5.105M | 1.1% | $20.43 | -0.5% | COM | 46134L105 |
| — | UMPQUA HLDGS CORP | 434,822 | $4.74M | 1.0% | $17.30 | — | COM | 904214103 |
| FNB | F N B CORP | 629,482 | $4.639M | 1.0% | $9.39 | -11.2% | COM | 302520101 |
| RBKB | RHINEBECK BANCORP INC | 659,018 | $4.218M | 0.9% | $11.68 | -13.8% | COM | 762093102 |
| SMBK | SMARTFINANCIAL INC | 275,000 | $4.183M | 0.9% | $19.39 | +1.3% | COM NEW | 83190L208 |
| SHBI | SHORE BANCSHARES INC | 325,015 | $3.526M | 0.7% | $17.73 | -17.7% | COM | 825107105 |
| UNTY | UNITY BANCORP INC | 300,000 | $3.51M | 0.7% | $11.80 | +43.1% | COM | 913290102 |
| — | LIMESTONE BANCORP INC | 301,100 | $3.354M | 0.7% | $15.24 | — | COM | 53262L105 |
| — | STERLING BANCORP DEL | 316,511 | $3.308M | 0.7% | $22.60 | — | COM | 85917A100 |
| FITB | FIFTH THIRD BANCORP | 221,951 | $3.296M | 0.7% | $20.81 | -5.6% | COM | 316773100 |
| WTFC | WINTRUST FINL CORP | 98,147 | $3.225M | 0.7% | $68.57 | -19.1% | COM | 97650W108 |
| SFST | SOUTHERN FIRST BANCSHARES IN | 112,120 | $3.181M | 0.7% | $18.09 | +105.8% | COM | 842873101 |
| CFG | CITIZENS FINANCIAL GROUP INC | 163,780 | $3.081M | 0.6% | $25.21 | -0.5% | COM | 174610105 |
| ORRF | ORRSTOWN FINL SVCS INC | 207,528 | $2.858M | 0.6% | $17.64 | -12.1% | COM | 687380105 |
| — | RIVERVIEW FINL CORP NEW | 409,271 | $2.648M | 0.6% | $13.60 | — | COM | 76940Q105 |
| PGC | PEAPACK-GLADSTONE FINL CORP | 144,670 | $2.597M | 0.5% | $27.40 | -7.6% | COM | 704699107 |
| BBT | BERKSHIRE HILLS BANCORP INC | 170,029 | $2.527M | 0.5% | $24.22 | -13.5% | COM | 084680107 |
| KEY | KEYCORP | 224,570 | $2.329M | 0.5% | $12.94 | -3.8% | COM | 493267108 |
| ALLY | ALLY FINL INC | 150,446 | $2.171M | 0.5% | $19.42 | +11.3% | COM | 02005N100 |
| ASB | ASSOCIATED BANC CORP | 144,499 | $1.848M | 0.4% | $14.13 | 0.0% | COM | 045487105 |
| RF | REGIONS FINANCIAL CORP NEW | 200,000 | $1.794M | 0.4% | $12.78 | -14.2% | COM | 7591EP100 |
| BANR | BANNER CORP | 52,382 | $1.731M | 0.4% | $38.35 | 0.0% | COM NEW | 06652V208 |
| — | CALIFORNIA BANCORP | 143,484 | $1.686M | 0.4% | $11.75 | — | COM | 13005U101 |
| WSFS | WSFS FINL CORP | 67,562 | $1.684M | 0.4% | $36.14 | 0.0% | COM | 929328102 |
| FSFG | FIRST SAVINGS FINL GROUP INC | 43,191 | $1.682M | 0.4% | $15.51 | +7.9% | COM | 33621E109 |
| MOFG | MIDWESTONE FINL GROUP INC NE | 78,371 | $1.641M | 0.3% | $32.43 | -9.4% | COM | 598511103 |
| COF | CAPITAL ONE FINL CORP | 32,220 | $1.625M | 0.3% | $83.66 | -5.0% | COM | 14040H105 |
| — | GUARANTY FED BANCSHARES INC | 104,864 | $1.56M | 0.3% | $13.41 | — | COM | 40108P101 |
| MPB | MID PENN BANCORP INC | 74,543 | $1.509M | 0.3% | $20.21 | -4.0% | COM | 59540G107 |
| CMA | COMERICA INC | 49,454 | $1.451M | 0.3% | $40.46 | 0.0% | COM | 200340107 |
| — | VERITEX HLDGS INC | 75,000 | $1.048M | 0.2% | $13.97 | — | COM | 923451108 |
| — | FIRST LONG IS CORP | 55,881 | $970K | 0.2% | $17.36 | — | COM | 320734106 |
| — | CORTLAND BANCORP | 69,874 | $943K | 0.2% | $23.44 | — | COM | 220587109 |
| CZWI | CITIZENS CMNTY BANCORP INC M | 141,557 | $913K | 0.2% | $10.12 | -6.4% | COM | 174903104 |
| FCNCA | FIRST CTZNS BANCSHARES INC N | 2,435 | $811K | 0.2% | $427.94 | +6.1% | CL A | 31946M103 |
| ZION | ZIONS BANCORPORATION N A | 30,012 | $803K | 0.2% | $48.21 | -14.6% | COM | 989701107 |
| OMF | ONEMAIN HLDGS INC | 41,679 | $797K | 0.2% | $32.77 | +13.7% | COM | 68268W103 |
| OCFC | OCEANFIRST FINL CORP | 48,434 | $771K | 0.2% | $16.33 | 0.0% | COM | 675234108 |
| — | ALLEGIANCE BANCSHARES INC | 27,156 | $655K | 0.1% | $31.80 | — | COM | 01748H107 |
| — | STERLING BANCORP INC | 146,281 | $629K | 0.1% | $12.09 | — | COM | 85917W102 |
| — | MARLIN BUSINESS SVCS CORP | 49,408 | $552K | 0.1% | $11.17 | — | COM | 571157106 |
| BOKF | BOK FINL CORP | 12,621 | $537K | 0.1% | $60.19 | 0.0% | COM NEW | 05561Q201 |
| EPD | ENTERPRISE PRODS PARTNERS L | 37,000 | $529K | 0.1% | $18.05 | — | COM | 293792107 |
| — | COMMUNITY BANKERS TR CORP | 102,041 | $495K | 0.1% | $8.88 | — | COM | 203612106 |
| — | PREMIER FINL BANCORP INC | 36,702 | $455K | 0.1% | $15.95 | — | COM | 74050M105 |
| FXNC | FIRST NATL CORP | 29,560 | $443K | 0.1% | $16.14 | 0.0% | COM | 32106V107 |
| SPG | SIMON PPTY GROUP INC NEW | 8,000 | $439K | 0.1% | $106.09 | -18.8% | COM | 828806109 |
| ET | ENERGY TRANSFER LP | 95,000 | $437K | 0.1% | $12.83 | — | COM UT LTD PTN | 29273V100 |
| — | PIONEER NAT RES CO | 5,000 | $351K | 0.1% | $168.71 | — | COM | 723787107 |
| THFF | FIRST FINL CORP IND | 9,384 | $316K | 0.1% | $35.99 | -7.6% | COM | 320218100 |
| — | DIAMOND EAGLE ACQUISITION CO | 22,500 | $293K | 0.1% | $11.89 | — | UNIT 06/30/2026 | 25258L208 |
| NXRT | NEXPOINT RESIDENTIAL TR INC | 11,000 | $277K | 0.1% | $25.18 | — | COM | 65341D102 |
| TMHC | TAYLOR MORRISON HOME CORP | 25,000 | $275K | 0.1% | $23.02 | -6.6% | COM | 87724P106 |
| AER | AERCAP HOLDINGS NV | 12,000 | $273K | 0.1% | $49.37 | -1.6% | SHS | N00985106 |
| — | VILLAGE BK & TR FINANCIAL CO | 9,799 | $248K | 0.1% | $25.31 | — | COM NEW | 92705T200 |
| — | INVESTORS BANCORP INC NEW | 30,000 | $240K | 0.1% | $8.00 | — | COM | 46146L101 |
| EOG | EOG RES INC | 6,500 | $233K | 0.0% | $59.27 | -16.2% | COM | 26875P101 |
| T | AT&T INC | 7,500 | $219K | 0.0% | $18.17 | 0.0% | COM | 00206R102 |
| — | BLUEROCK RESIDENTIAL GRW REI | 35,000 | $195K | 0.0% | $9.62 | — | COM CL A | 09627J102 |
| TOL | TOLL BROTHERS INC | 10,000 | $193K | 0.0% | $37.84 | 0.0% | COM | 889478103 |
| — | FS KKR CAPITAL CORP | 60,000 | $180K | 0.0% | $6.07 | — | COM | 302635107 |
| MTG | MGIC INVT CORP WIS | 25,000 | $159K | 0.0% | $12.08 | 0.0% | COM | 552848103 |
| USDP | USD PARTNERS LP | 55,000 | $158K | 0.0% | $10.78 | — | COM UT REP LTD | 903318103 |
| — | WEINGARTEN RLTY INVS | 10,000 | $144K | 0.0% | $31.20 | — | SH BEN INT | 948741103 |
| — | CNX MIDSTREAM PARTNERS LP | 15,000 | $122K | 0.0% | $17.37 | — | COM UNIT REPST | 12654A101 |
| — | CONSOL COAL RES LP | 20,000 | $114K | 0.0% | $15.22 | — | COM UNIT | 20855T100 |
| — | JERNIGAN CAP INC | 10,000 | $110K | 0.0% | $19.12 | — | COM | 476405105 |
| ARCC | ARES CAPITAL CORP | 10,000 | $108K | 0.0% | $9.57 | 0.0% | COM | 04010L103 |
| EFC | ELLINGTON FINANCIAL INC | 15,000 | $86,000 | 0.0% | $18.03 | — | COM | 28852N109 |
| — | OASIS MIDSTREAM PARTNERS LP | 14,600 | $72,000 | 0.0% | $19.67 | — | COM UNITS REPS | 67420T206 |
| — | DIAMOND EAGLE ACQUISITION CO | 5,000 | $62,000 | 0.0% | $12.40 | — | COM CL A | 25258L109 |
| — | ENABLE MIDSTREAM PARTNERS LP | 12,500 | $32,000 | 0.0% | $2.56 | — | COM UNIT RP IN | 292480100 |