The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BANK AMER CORP COM 060505104 7,980 323,852 SH   SOLE   323,852 0 0
BANNER CORP COM NEW 06652V208 563 10,534 SH   SOLE   10,534 0 0
CAPITAL ONE FINL CORP COM 14040H105 6,198 82,000 SH   SOLE   82,000 0 0
CITIZENS FINL GROUP INC COM 174610105 6,863 230,858 SH   SOLE   230,858 0 0
EAST WEST BANCORP INC COM 27579R104 4,350 99,929 SH   SOLE   99,929 0 0
FB FINL CORP COM 30257X104 3,329 95,064 SH   SOLE   95,064 0 0
FIFTH THIRD BANCORP COM 316773100 5,266 223,785 SH   SOLE   223,785 0 0
FIRST HORIZON NATL CORP COM 320517105 742 56,400 SH   SOLE   56,400 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 288 8,299 SH   SOLE   8,299 0 0
HOMETRUST BANCSHARES INC COM 437872104 579 22,100 SH   SOLE   22,100 0 0
HUNTINGTON BANCSHARES INC COM 446150104 3,928 329,570 SH   SOLE   329,570 0 0
JPMORGAN CHASE & CO COM 46625H100 346 3,548 SH   SOLE   3,548 0 0
KEYCORP NEW COM 493267108 4,151 280,828 SH   SOLE   280,828 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,525 194,207 SH   SOLE   194,207 0 0
PACWEST BANCORP DEL COM 695263103 4,102 123,243 SH   SOLE   123,243 0 0
REGIONS FINL CORP NEW COM 7591EP100 2,688 200,866 SH   SOLE   200,866 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 2,611 437,394 SH   SOLE   437,394 0 0
SHORE BANCSHARES INC COM 825107105 454 31,234 SH   SOLE   31,234 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 827 8,045 SH   SOLE   8,045 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,794 135,720 SH   SOLE   135,720 0 0
SUNTRUST BKS INC COM 867914103 2,384 47,269 SH   SOLE   47,269 0 0
SVB FINL GROUP COM 78486Q101 8 40 SH   SOLE   40 0 0
UMPQUA HLDGS CORP COM 904214103 2,393 150,508 SH   SOLE   150,508 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 490 22,820 SH   SOLE   22,820 0 0
WELLS FARGO CO NEW COM 949746101 5,061 109,824 SH   SOLE   109,824 0 0
WESTERN ALLIANCE BANCORP COM 957638109 4,067 102,982 SH   SOLE   102,982 0 0
ZIONS BANCORPORATION N A COM 989701107 4,439 108,954 SH   SOLE   108,954 0 0