Location: Arlington, VA
CIK: 0001353254 · Show all filings
Period: Q2 2020 (← Previous) (Next →)
Filing Date: Aug 14, 2020
Total Value: $662M (97.0% shares, 3.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | ISTAR INC | 5,445,214 | $67.08M | 10.1% | $13.93 | — | COM | 45031U101 |
| MS | MORGAN STANLEY | 1,065,000 | $51.44M | 7.8% | $35.21 | 0.0% | COM NEW | 617446448 |
| OSG | AMBAC FINL GROUP INC | 1,981,933 | $28.38M | 4.3% | $19.15 | -23.7% | COM NEW | 023139884 |
| CFG | CITIZENS FINANCIAL GROUP INC | 1,038,065 | $26.2M | 4.0% | $18.91 | -6.2% | COM | 174610105 |
| FITB | FIFTH THIRD BANCORP | 1,322,828 | $25.5M | 3.9% | $15.84 | -6.3% | COM | 316773100 |
| MVBF | MVB FINL CORP | 1,129,478 | $15.02M | 2.3% | $15.30 | -24.1% | COM | 553810102 |
| MBI | MBIA INC | 1,861,504 | $13.5M | 2.0% | $4.03 | -21.4% | COM | 55262C100 |
| CCB | COASTAL FINL CORP WA | 928,170 | $13.48M | 2.0% | $16.45 | -19.9% | COM NEW | 19046P209 |
| GS | GOLDMAN SACHS GROUP INC | 66,000 | $13.04M | 2.0% | $164.18 | 0.0% | COM | 38141G104 |
| — | ISTAR INC | 12,000,000 | $12.78M | 1.9% | $0.91 | — | NOTE 3.125% 9/1 | 45031UCB5 |
| PNC | PNC FINL SVCS GROUP INC | 121,000 | $12.73M | 1.9% | $85.95 | 0.0% | COM | 693475105 |
| NMRK | NEWMARK GROUP INC | 2,413,369 | $11.73M | 1.8% | $8.61 | -53.7% | CL A | 65158N102 |
| SICPQ | SILVERGATE CAP CORP | 833,350 | $11.67M | 1.8% | $15.46 | -12.7% | CL A | 82837P408 |
| PCB | PCB BANCORP | 1,032,263 | $10.63M | 1.6% | $16.58 | -45.3% | COM | 69320M109 |
| SBFG | SB FINL GROUP INC | 629,151 | $10.46M | 1.6% | $17.55 | -18.0% | COM | 78408D105 |
| MTG | MGIC INVT CORP WIS | 1,273,649 | $10.43M | 1.6% | $7.57 | -1.2% | COM | 552848103 |
| BWB | BRIDGEWATER BANCSHARES INC | 984,632 | $10.09M | 1.5% | $12.25 | -21.0% | COM ACCD INV | 108621103 |
| RDN | RADIAN GROUP INC | 629,800 | $9.768M | 1.5% | $19.26 | -35.7% | COM | 750236101 |
| — | MFA FINL INC | 3,750,000 | $9.338M | 1.4% | $2.49 | — | COM | 55272X102 |
| — | CROSSFIRST BANKSHARES INC | 912,280 | $8.922M | 1.3% | $14.30 | — | COM | 22766M109 |
| BFST | BUSINESS FIRST BANCSHARES IN | 570,193 | $8.752M | 1.3% | $21.30 | -44.5% | COM | 12326C105 |
| MCB | METROPOLITAN BK HLDG CORP | 272,603 | $8.745M | 1.3% | $42.65 | -38.1% | COM | 591774104 |
| — | BANK PRINCETON NEW JERSEY | 424,694 | $8.528M | 1.3% | $31.99 | — | COM | 064520109 |
| BCML | BAYCOM CORP | 650,000 | $8.392M | 1.3% | $21.48 | -46.9% | COM | 07272M107 |
| ISTR | INVESTAR HLDG CORP | 574,800 | $8.335M | 1.3% | $18.09 | -29.6% | COM | 46134L105 |
| FNB | F N B CORP | 1,091,402 | $8.186M | 1.2% | $7.97 | -24.3% | COM | 302520101 |
| — | MALVERN BANCORP INC | 640,587 | $8.155M | 1.2% | $16.74 | — | COM | 561409103 |
| FHN | FIRST HORIZON NATL CORP | 800,000 | $7.968M | 1.2% | $7.35 | 0.0% | COM | 320517105 |
| — | PROFESSIONAL HLDG CORP | 499,981 | $6.94M | 1.0% | $15.95 | — | CL A COM | 743139107 |
| BHF | BRIGHTHOUSE FINL INC | 240,050 | $6.678M | 1.0% | $38.47 | -28.3% | COM | 10922N103 |
| NBIS | YANDEX N V | 130,000 | $6.503M | 1.0% | $50.02 | — | SHS CLASS A | N97284108 |
| — | SEVERN BANCORP INC ANNAPOLIS | 1,000,000 | $6.48M | 1.0% | $6.00 | — | COM | 81811M100 |
| FSBW | FS BANCORP INC | 162,500 | $6.268M | 0.9% | $22.41 | -25.9% | COM | 30263Y104 |
| — | BANK COMM HLDGS | 815,964 | $6.185M | 0.9% | $11.05 | — | COM | 06424J103 |
| — | LANDCADIA HLDGS II INC | 375,000 | $6.131M | 0.9% | $16.35 | — | CL A | 51476X105 |
| EBMT | EAGLE BANCORP MONT INC | 350,000 | $6.083M | 0.9% | $15.52 | -8.6% | COM | 26942G100 |
| OPBK | OP BANCORP | 859,130 | $5.928M | 0.9% | $10.88 | -38.1% | COM | 67109R109 |
| — | PACIFIC MERCANTILE BANCORP | 1,603,251 | $5.868M | 0.9% | $8.14 | — | COM | 694552100 |
| — | MACKINAC FINL CORP | 534,082 | $5.538M | 0.8% | $16.54 | — | COM | 554571109 |
| — | SYNOVUS FINL CORP | 266,908 | $5.48M | 0.8% | $40.38 | — | COM NEW | 87161C501 |
| MNSB | MAINSTREET BANCSHARES INC | 402,288 | $5.31M | 0.8% | $21.38 | -39.8% | COM | 56064Y100 |
| SMBK | SMARTFINANCIAL INC | 275,000 | $4.45M | 0.7% | $19.39 | -24.6% | COM NEW | 83190L208 |
| RF | REGIONS FINANCIAL CORP NEW | 400,000 | $4.448M | 0.7% | $10.61 | -20.4% | COM | 7591EP100 |
| RBKB | RHINEBECK BANCORP INC | 659,018 | $4.323M | 0.7% | $11.68 | -41.2% | COM | 762093102 |
| UNTY | UNITY BANCORP INC | 300,000 | $4.29M | 0.6% | $11.80 | +5.5% | COM | 913290102 |
| — | REDWOOD TR INC | 5,000,000 | $4.287M | 0.6% | $0.86 | — | NOTE 5.625% 7/1 | 758075AD7 |
| — | LIMESTONE BANCORP INC | 301,100 | $3.959M | 0.6% | $15.24 | — | COM | 53262L105 |
| — | UMPQUA HLDGS CORP | 370,691 | $3.944M | 0.6% | $17.30 | — | COM | 904214103 |
| CNOB | CONNECTONE BANCORP INC NEW | 235,685 | $3.799M | 0.6% | $12.22 | 0.0% | COM | 20786W107 |
| — | PREMIER FINANCIAL CORP | 211,580 | $3.739M | 0.6% | $17.67 | — | COM | 74052F108 |
| — | PACWEST BANCORP DEL | 178,332 | $3.515M | 0.5% | $19.71 | — | COM | 695263103 |
| — | DISCOVER FINL SVCS | 70,000 | $3.506M | 0.5% | $50.09 | — | COM | 254709108 |
| WTFC | WINTRUST FINL CORP | 78,166 | $3.41M | 0.5% | $68.57 | -41.8% | COM | 97650W108 |
| TFC | TRUIST FINL CORP | 90,000 | $3.38M | 0.5% | $27.74 | 0.0% | COM | 89832Q109 |
| — | PACIFIC PREMIER BANCORP | 150,000 | $3.252M | 0.5% | $21.68 | — | COM | 69478X105 |
| WSFS | WSFS FINL CORP | 112,428 | $3.227M | 0.5% | $32.28 | -18.0% | COM | 929328102 |
| — | NEW YORK MTG TR INC | 1,225,108 | $3.198M | 0.5% | $2.61 | — | COM PAR $.02 | 649604501 |
| COF | CAPITAL ONE FINL CORP | 50,045 | $3.132M | 0.5% | $74.04 | -23.5% | COM | 14040H105 |
| OCFC | OCEANFIRST FINL CORP | 172,545 | $3.042M | 0.5% | $13.58 | -7.9% | COM | 675234108 |
| PMT | PENNYMAC MTG INVT TR | 168,430 | $2.953M | 0.4% | $17.53 | — | COM | 70931T103 |
| FBNC | FIRST BANCORP N C | 115,507 | $2.897M | 0.4% | $21.08 | 0.0% | COM | 318910106 |
| PGC | PEAPACK-GLADSTONE FINL CORP | 147,096 | $2.755M | 0.4% | $27.22 | -37.6% | COM | 704699107 |
| ALLY | ALLY FINL INC | 137,235 | $2.721M | 0.4% | $19.42 | -27.2% | COM | 02005N100 |
| NMIH | NMI HLDGS INC | 167,000 | $2.685M | 0.4% | $14.22 | 0.0% | CL A | 629209305 |
| WSBC | WESBANCO INC | 131,415 | $2.669M | 0.4% | $21.88 | 0.0% | COM | 950810101 |
| ABCB | AMERIS BANCORP | 104,976 | $2.476M | 0.4% | $21.62 | 0.0% | COM | 03076K108 |
| SYF | SYNCHRONY FINANCIAL | 110,000 | $2.438M | 0.4% | $17.01 | 0.0% | COM | 87165B103 |
| BANR | BANNER CORP | 58,858 | $2.237M | 0.3% | $37.34 | -21.9% | COM NEW | 06652V208 |
| — | RIVERVIEW FINL CORP NEW | 409,271 | $2.202M | 0.3% | $13.60 | — | COM | 76940Q105 |
| FBK | FB FINL CORP | 86,423 | $2.141M | 0.3% | $20.47 | 0.0% | COM | 30257X104 |
| — | CALIFORNIA BANCORP | 143,484 | $2.138M | 0.3% | $11.75 | — | COM | 13005U101 |
| — | STERLING BANCORP DEL | 177,577 | $2.081M | 0.3% | $22.60 | — | COM | 85917A100 |
| — | INDEPENDENCE HLDG CO NEW | 61,849 | $1.892M | 0.3% | $30.59 | — | COM NEW | 453440307 |
| FFBC | FIRST FINL BANCORP OH | 135,112 | $1.877M | 0.3% | $10.85 | 0.0% | COM | 320209109 |
| FSFG | FIRST SAVINGS FINL GROUP INC | 43,191 | $1.871M | 0.3% | $15.51 | -20.0% | COM | 33621E109 |
| UCB | UNITED CMNTY BKS BLAIRSVLE G | 92,606 | $1.863M | 0.3% | $19.16 | 0.0% | COM | 90984P303 |
| OMF | ONEMAIN HLDGS INC | 75,311 | $1.848M | 0.3% | $28.30 | -19.6% | COM | 68268W103 |
| ORRF | ORRSTOWN FINL SVCS INC | 124,071 | $1.83M | 0.3% | $17.64 | -37.9% | COM | 687380105 |
| BUSE | FIRST BUSEY CORP | 96,912 | $1.807M | 0.3% | $13.60 | 0.0% | COM NEW | 319383204 |
| EFSC | ENTERPRISE FINL SVCS CORP | 56,717 | $1.765M | 0.3% | $25.76 | 0.0% | COM | 293712105 |
| ZION | ZIONS BANCORPORATION N A | 50,569 | $1.719M | 0.3% | $41.48 | -23.7% | COM | 989701107 |
| — | INVESTORS BANCORP INC NEW | 200,000 | $1.7M | 0.3% | $8.43 | — | COM | 46146L101 |
| SFST | SOUTHERN FIRST BANCSHARES IN | 60,023 | $1.663M | 0.3% | $18.09 | +50.1% | COM | 842873101 |
| SHBI | SHORE BANCSHARES INC | 147,059 | $1.631M | 0.2% | $17.73 | -44.8% | COM | 825107105 |
| AGO | ASSURED GUARANTY LTD | 64,848 | $1.583M | 0.2% | $37.16 | -33.4% | COM | G0585R106 |
| — | FIRST LONG IS CORP | 92,856 | $1.517M | 0.2% | $16.95 | — | COM | 320734106 |
| — | ARBOR RLTY TR INC | 1,500,000 | $1.424M | 0.2% | $0.95 | — | NOTE 5.250% 7/0 | 038923AH1 |
| — | MERIDIAN BANCORP INC MD | 122,500 | $1.421M | 0.2% | $11.60 | — | COM | 58958U103 |
| — | VERITEX HLDGS INC | 68,013 | $1.204M | 0.2% | $13.97 | — | COM | 923451108 |
| — | LEVEL ONE BANCORP INC | 68,609 | $1.149M | 0.2% | $16.75 | — | COM | 52730D208 |
| — | INDEPENDENT BK GROUP INC | 28,209 | $1.143M | 0.2% | $40.52 | — | COM | 45384B106 |
| MPB | MID PENN BANCORP INC | 61,917 | $1.141M | 0.2% | $20.21 | -22.8% | COM | 59540G107 |
| — | SPIRIT RLTY CAP INC NEW | 1,128,000 | $1.109M | 0.2% | $0.98 | — | NOTE 3.750% 5/1 | 84860WAB8 |
| CZWI | CITIZENS CMNTY BANCORP INC M | 141,557 | $971K | 0.1% | $10.12 | -38.5% | COM | 174903104 |
| BOKF | BOK FINL CORP | 15,039 | $849K | 0.1% | $57.61 | -23.4% | COM NEW | 05561Q201 |
| ET | ENERGY TRANSFER LP | 102,500 | $730K | 0.1% | $12.41 | — | COM UT LTD PTN | 29273V100 |
| EPD | ENTERPRISE PRODS PARTNERS L | 40,000 | $727K | 0.1% | $18.06 | — | COM | 293792107 |
| — | ALLEGIANCE BANCSHARES INC | 27,201 | $691K | 0.1% | $31.80 | — | COM | 01748H107 |
| — | DRAFTKINGS INC | 15,000 | $499K | 0.1% | $33.27 | — | COM CL A | 26142R104 |
| CSGP | COSTAR GROUP INC | 700 | $497K | 0.1% | $64.65 | 0.0% | COM | 22160N109 |
| NXRT | NEXPOINT RESIDENTIAL TR INC | 14,000 | $495K | 0.1% | $27.36 | — | COM | 65341D102 |
| — | PIONEER NAT RES CO | 5,000 | $489K | 0.1% | $168.71 | — | COM | 723787107 |
| TMHC | TAYLOR MORRISON HOME CORP | 25,000 | $482K | 0.1% | $23.02 | -31.6% | COM | 87724P106 |
| SPG | SIMON PPTY GROUP INC NEW | 6,000 | $410K | 0.1% | $106.09 | -57.1% | COM | 828806109 |
| AER | AERCAP HOLDINGS NV | 13,000 | $400K | 0.1% | $47.74 | -41.0% | SHS | N00985106 |
| BXMT | BLACKSTONE MTG TR INC | 15,000 | $361K | 0.1% | $24.07 | — | COM CL A | 09257W100 |
| EOG | EOG RES INC | 6,500 | $329K | 0.0% | $59.27 | -37.0% | COM | 26875P101 |
| TOL | TOLL BROTHERS INC | 10,000 | $326K | 0.0% | $37.84 | -27.7% | COM | 889478103 |
| EFC | ELLINGTON FINANCIAL INC | 25,000 | $295K | 0.0% | $15.54 | — | COM | 28852N109 |
| — | BLUEROCK RESIDENTIAL GWT REI | 35,000 | $283K | 0.0% | $9.62 | — | COM CL A | 09627J102 |
| — | LANDCADIA HLDGS II INC | 50,000 | $270K | 0.0% | $5.40 | — | *W EXP 05/09/202 | 51476X113 |
| THFF | FIRST FINL CORP IND | 6,988 | $257K | 0.0% | $35.99 | -21.8% | COM | 320218100 |
| T | AT&T INC | 7,500 | $227K | 0.0% | $18.17 | -14.7% | COM | 00206R102 |
| FSK | FS KKR CAPITAL CORP | 15,000 | $210K | 0.0% | $6.35 | 0.0% | COM | 302635206 |
| USDP | USD PARTNERS LP | 55,000 | $175K | 0.0% | $10.78 | — | COM UT REP LTD | 903318103 |
| — | CNX MIDSTREAM PARTNERS LP | 25,000 | $166K | 0.0% | $13.08 | — | COM UNIT REPST | 12654A101 |
| — | JERNIGAN CAP INC | 10,000 | $137K | 0.0% | $19.12 | — | COM | 476405105 |
| SPG | SIMON PPTY GROUP INC NEW | 2,000 | $137K | 0.0% | $106.09 | -57.1% | Call | 828806109 |
| — | CONSOL COAL RES LP | 20,000 | $82,000 | 0.0% | $15.22 | — | COM UNIT | 20855T100 |
| — | ENABLE MIDSTREAM PARTNERS LP | 12,500 | $59,000 | 0.0% | $2.56 | — | COM UNIT RP IN | 292480100 |
| — | NEW YORK MTG TR INC | 50,000 | $45,000 | 0.0% | $0.90 | — | NOTE 6.250% 1/1 | 649604AD7 |