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
1ST CONSTITUTION BANCORP COM 31986N102 2,108 118,624 SH   OTR 1 2 0 118,624 0
ALCENTRA CAP CORP COM 01374T102 990 131,874 SH   OTR 1 2 0 131,874 0
ALLSTATE CORP COM 020002101 691 7,338 SH   OTR 1 2 0 7,338 0
ALLSTATE CORP COM 020002101 69 2,800 SH Call OTR 1 2 0 2,800 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 529 94,227 SH   OTR 1 2 0 94,227 0
AMERICAN INTL GROUP INC COM NEW 026874784 198 4,602 SH   OTR 1 2 0 4,602 0
AMERICAN INTL GROUP INC COM NEW 026874784 28 5,100 SH Call OTR 1 2 0 5,100 0
AMERIS BANCORP COM 03076K108 1,180 34,359 SH   OTR 1 2 0 34,359 0
APOLLO INVT CORP COM NEW 03761U502 565 37,332 SH   OTR 1 2 0 37,332 0
APPLE INC COM 037833100 289 1,522 SH   OTR 1 2 0 1,522 0
ARBOR RLTY TR INC COM 038923108 371 28,633 SH   OTR 1 2 0 28,633 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 231 3,273 SH   OTR 1 2 0 3,273 0
AT&T INC COM 00206R102 539 17,200 SH   OTR 1 2 0 17,200 0
AT&T INC COM 00206R102 5 10,000 SH Call OTR 1 2 0 10,000 0
BANC OF CALIFORNIA INC COM 05990K106 1,621 117,176 SH   OTR 1 2 0 117,176 0
BANCORP NEW JERSEY INC NEW COM 059915108 211 15,750 SH   OTR 1 2 0 15,750 0
BANK AMER CORP COM 060505104 1,496 505,000 SH Call OTR 1 2 0 505,000 0
BANK AMER CORP COM 060505104 37,975 1,376,385 SH   OTR 1 2 0 1,346,343 0
BANK COMM HLDGS COM 06424J103 235 22,300 SH   OTR 1 2 0 22,300 0
BANK NEW YORK MELLON CORP COM 064058100 101 2,005 SH   OTR 1 2 0 2,005 0
BANK NEW YORK MELLON CORP COM 064058100 64 8,300 SH Call OTR 1 2 0 8,300 0
BANK OF THE ST JAMES FINL GP COM 470299108 295 21,531 SH   OTR 1 2 0 21,531 0
BARINGS BDC INC COM 06759L103 510 51,987 SH   OTR 1 2 0 51,987 0
BB&T CORP COM 054937107 2,711 58,277 SH   OTR 1 2 0 58,277 0
BB&T CORP COM 054937107 336 45,400 SH Call OTR 1 2 0 45,400 0
BECTON DICKINSON & CO COM 075887109 223 894 SH   OTR 1 2 0 894 0
BIOSCRIP INC COM 09069N108 62 31,012 SH   OTR 1 2 0 31,012 0
BRISTOL MYERS SQUIBB CO COM 110122108 112 2,338 SH   OTR 1 2 0 2,338 0
BRISTOL MYERS SQUIBB CO COM 110122108 129 14,700 SH Call OTR 1 2 0 14,700 0
CADENCE BANCORPORATION CL A 12739A100 541 29,160 SH   OTR 1 2 0 29,160 0
CAPITAL ONE FINL CORP COM 14040H105 6,093 74,587 SH   OTR 1 2 0 74,587 0
CARTER BK & TR MARTINSVILLE COM 146102108 514 31,200 SH   OTR 1 2 0 31,200 0
CB FINL SVCS INC COM 12479G101 695 29,273 SH   OTR 1 2 0 29,273 0
CERUS CORP COM 157085101 1,939 311,249 SH   OTR 1 2 0 311,249 0
CHEMICAL FINL CORP COM 163731102 434 10,539 SH   OTR 1 2 0 10,539 0
CIT GROUP INC COM NEW 125581801 940 19,589 SH   OTR 1 2 0 19,589 0
CIT GROUP INC COM NEW 125581801 152 13,000 SH Call OTR 1 2 0 13,000 0
CITIGROUP INC COM NEW 172967424 918 14,743 SH   OTR 1 2 0 14,743 0
CITIGROUP INC COM NEW 172967424 982 71,700 SH Call OTR 1 2 0 71,700 0
CITIZENS FINL GROUP INC COM 174610105 379 11,652 SH   OTR 1 2 0 11,652 0
CITIZENS FIRST CORP COM 17462Q107 496 20,000 SH   OTR 1 2 0 20,000 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,235 56,582 SH   OTR 1 2 0 56,582 0
CNO FINL GROUP INC COM 12621E103 2,835 175,204 SH   OTR 1 2 0 175,204 0
CODORUS VY BANCORP INC COM 192025104 224 10,500 SH   OTR 1 2 0 10,500 0
COMERICA INC COM 200340107 5,419 73,915 SH   OTR 1 2 0 73,915 0
COMERICA INC COM 200340107 22 4,500 SH Call OTR 1 2 0 4,500 0
CONNECTONE BANCORP INC NEW COM 20786W107 568 28,847 SH   OTR 1 2 0 28,847 0
COWEN INC CL A NEW 223622606 8,120 560,410 SH   OTR 1 2 0 560,410 0
DIME CMNTY BANCSHARES COM 253922108 2,095 111,863 SH   OTR 1 2 0 111,863 0
DISCOVER FINL SVCS COM 254709108 385 5,416 SH   OTR 1 2 0 5,416 0
DISCOVER FINL SVCS COM 254709108 191 14,600 SH Call OTR 1 2 0 14,600 0
ENTERPRISE FINL SVCS CORP COM 293712105 1,107 27,150 SH   OTR 1 2 0 27,150 0
ESSA BANCORP INC COM 29667D104 912 59,243 SH   OTR 1 2 0 59,243 0
FAUQUIER BANKSHARES INC VA COM 312059108 964 46,781 SH   OTR 1 2 0 46,781 0
FIDUS INVT CORP COM 316500107 316 20,600 SH   OTR 1 2 0 20,600 0
FIFTH THIRD BANCORP COM 316773100 5,914 234,480 SH   OTR 1 2 0 234,480 0
FIFTH THIRD BANCORP COM 316773100 82 14,400 SH Call OTR 1 2 0 14,400 0
FIRST CHOICE BANCORP COM 31948P104 212 9,880 SH   OTR 1 2 0 9,880 0
FIRST CMNTY CORP S C COM 319835104 257 13,500 SH   OTR 1 2 0 13,500 0
FIRST DEFIANCE FINL CORP COM 32006W106 901 31,339 SH   OTR 1 2 0 31,339 0
FIRST GTY BANCSHARES INC COM 32043P106 1,251 61,020 SH   OTR 1 2 0 61,020 0
FIRST MIDWEST BANCORP DEL COM 320867104 390 19,085 SH   OTR 1 2 0 19,085 0
FRANKLIN FINL NETWORK INC COM 35352P104 4,252 146,543 SH   OTR 1 2 0 146,543 0
FS KKR CAPITAL CORP COM 302635107 699 115,540 SH   OTR 1 2 0 115,540 0
GOLDMAN SACHS BDC INC SHS 38147U107 925 45,028 SH   OTR 1 2 0 45,028 0
GUARANTY FED BANCSHARES INC COM 40108P101 337 15,000 SH   OTR 1 2 0 15,000 0
HAMILTON BANCORP INC MD COM 407015106 140 10,000 SH   OTR 1 2 0 10,000 0
HANCOCK WHITNEY CORPORATION COM 410120109 2,371 58,696 SH   OTR 1 2 0 58,696 0
HANESBRANDS INC COM 410345102 179 10,000 SH   OTR 1 2 0 10,000 0
HANMI FINL CORP COM NEW 410495204 360 16,914 SH   OTR 1 2 0 16,914 0
HANOVER INS GROUP INC COM 410867105 838 7,338 SH   OTR 1 2 0 7,338 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 2,420 53,218 SH   OTR 1 2 0 53,218 0
HERCULES CAPITAL INC COM 427096508 291 23,000 SH   OTR 1 2 0 23,000 0
HOMETOWN BANKSHARES CORP COM 43787N108 357 24,960 SH   OTR 1 2 0 24,960 0
HOMETRUST BANCSHARES INC COM 437872104 252 10,000 SH   OTR 1 2 0 10,000 0
HOPE BANCORP INC COM 43940T109 235 17,981 SH   OTR 1 2 0 17,981 0
HUNTINGTON BANCSHARES INC COM 446150104 479 37,812 SH   OTR 1 2 0 37,812 0
IMPAC MTG HLDGS INC COM NEW 45254P508 308 78,623 SH   OTR 1 2 0 78,623 0
INTL PAPER CO COM 460146103 93 2,001 SH   OTR 1 2 0 2,001 0
INTL PAPER CO COM 460146103 31 8,100 SH Call OTR 1 2 0 8,100 0
JPMORGAN CHASE & CO COM 46625H100 1,640 90,800 SH Call OTR 1 2 0 90,800 0
JPMORGAN CHASE & CO COM 46625H100 13,111 129,514 SH   OTR 1 2 0 129,514 0
KEYCORP NEW COM 493267108 2,656 168,595 SH   OTR 1 2 0 168,595 0
KEYCORP NEW COM 493267108 152 49,400 SH Call OTR 1 2 0 49,400 0
KINGSTONE COS INC COM 496719105 861 58,434 SH   OTR 1 2 0 58,434 0
LINCOLN NATL CORP IND COM 534187109 494 8,417 SH   OTR 1 2 0 8,417 0
LIQUID MEDIA GROUP LTD NEW COM NEW 53634Q204 87 24,521 SH   OTR 1 2 0 24,521 0
M & T BK CORP COM 55261F104 9,027 57,487 SH   OTR 1 2 0 56,662 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 356 1,216 SH   OTR 1 2 0 1,216 0
MAIDEN HOLDINGS LTD SHS G5753U112 154 207,122 SH   OTR 1 2 0 207,122 0
MERIDIAN BANCORP INC MD COM 58958U103 3,284 209,320 SH   OTR 1 2 0 209,320 0
METLIFE INC COM 59156R108 130 42,600 SH Call OTR 1 2 0 42,600 0
METLIFE INC COM 59156R108 622 14,611 SH   OTR 1 2 0 14,611 0
MID PENN BANCORP INC COM 59540G107 476 19,437 SH   OTR 1 2 0 19,437 0
MIDSOUTH BANCORP INC COM 598039105 1,566 137,226 SH   OTR 1 2 0 137,226 0
MONROE CAP CORP COM 610335101 637 52,438 SH   OTR 1 2 0 52,438 0
MORGAN STANLEY COM NEW 617446448 708 16,779 SH   OTR 1 2 0 16,779 0
MORGAN STANLEY COM NEW 617446448 496 49,800 SH Call OTR 1 2 0 49,800 0
NEWELL BRANDS INC COM 651229106 3 3,000 SH Call OTR 1 2 0 3,000 0
NEWELL BRANDS INC COM 651229106 1,033 67,343 SH   OTR 1 2 0 67,343 0
OLD LINE BANCSHARES INC COM 67984M100 394 15,818 SH   OTR 1 2 0 15,818 0
PACIFIC MERCANTILE BANCORP COM 694552100 354 46,400 SH   OTR 1 2 0 46,400 0
PACIFIC PREMIER BANCORP COM 69478X105 227 8,540 SH   OTR 1 2 0 8,540 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 3,608 137,615 SH   OTR 1 2 0 137,615 0
PFIZER INC COM 717081103 235 5,530 SH   OTR 1 2 0 5,530 0
PFIZER INC COM 717081103 50 5,300 SH Call OTR 1 2 0 5,300 0
PINNACLE FINL PARTNERS INC COM 72346Q104 2,929 53,548 SH   OTR 1 2 0 53,548 0
PNC FINL SVCS GROUP INC COM 693475105 5,335 43,496 SH   OTR 1 2 0 43,496 0
PNC FINL SVCS GROUP INC COM 693475105 103 6,900 SH Call OTR 1 2 0 6,900 0
POPULAR INC COM NEW 733174700 780 14,964 SH   OTR 1 2 0 14,964 0
PROSPERITY BANCSHARES INC COM 743606105 350 5,063 SH   OTR 1 2 0 5,063 0
PRUDENTIAL FINL INC COM 744320102 78 11,900 SH Call OTR 1 2 0 11,900 0
PUBLIC SVC ENTERPRISE GRP IN COM 744573106 505 8,500 SH   OTR 1 2 0 8,500 0
RBB BANCORP COM 74930B105 203 10,776 SH   OTR 1 2 0 10,776 0
REGIONS FINL CORP NEW COM 7591EP100 2,232 157,732 SH   OTR 1 2 0 157,732 0
REGIONS FINL CORP NEW COM 7591EP100 97 45,900 SH Call OTR 1 2 0 45,900 0
RITE AID CORP COM 767754104 245 385,369 SH   OTR 1 2 0 385,369 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 221 20,405 SH   OTR 1 2 0 20,405 0
SEACOAST BKG CORP FLA COM NEW 811707801 3,344 126,896 SH   OTR 1 2 0 126,896 0
SELECT BANCORP INC NEW COM 81617L108 572 50,270 SH   OTR 1 2 0 50,270 0
SELECT ENERGY SVCS INC CL A COM 81617J301 204 17,000 SH   OTR 1 2 0 17,000 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 600 3,000,000 SH Put OTR 1 2 0 3,000,000 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 732 77,300 SH   OTR 1 2 0 77,300 0
SMARTFINANCIAL INC COM NEW 83190L208 1,015 53,671 SH   OTR 1 2 0 53,671 0
SOUTH ST CORP COM 840441109 2,258 33,034 SH   OTR 1 2 0 33,034 0
SOUTHERN NATL BANCORP OF VA COM 843395104 7,223 493,039 SH   OTR 1 2 0 493,039 0
STANDARD AVB FINL CORP COM 85303B100 512 19,000 SH   OTR 1 2 0 19,000 0
STATE STR CORP COM 857477103 387 5,884 SH   OTR 1 2 0 5,884 0
STERLING BANCORP DEL COM 85917A100 2,651 142,305 SH   OTR 1 2 0 142,305 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 222 19,200 SH   OTR 1 2 0 19,200 0
SUNTRUST BKS INC COM 867914103 2,601 43,908 SH   OTR 1 2 0 43,908 0
SUNTRUST BKS INC COM 867914103 116 16,100 SH Call OTR 1 2 0 16,100 0
SYNOVUS FINL CORP COM NEW 87161C501 2,760 80,348 SH   OTR 1 2 0 80,348 0
TERRITORIAL BANCORP INC COM 88145X108 757 28,133 SH   OTR 1 2 0 28,133 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 670 27,065 SH   OTR 1 2 0 27,065 0
UNION BANKSHARES CORP NEW COM 90539J109 1,516 46,882 SH   OTR 1 2 0 46,882 0
UNITED PARCEL SERVICE INC CL B 911312106 223 1,993 SH   OTR 1 2 0 1,993 0
UNITED PARCEL SERVICE INC CL B 911312106 60 2,000 SH Call OTR 1 2 0 2,000 0
UNIVAR INC COM 91336L107 343 15,500 SH   OTR 1 2 0 15,500 0
US BANCORP DEL COM NEW 902973304 1,170 24,288 SH   OTR 1 2 0 24,288 0
WATERSTONE FINL INC MD COM 94188P101 305 18,556 SH   OTR 1 2 0 18,556 0
WELLS FARGO CO NEW COM 949746101 699 14,406 SH   OTR 1 2 0 14,406 0
WELLS FARGO CO NEW COM 949746101 135 33,900 SH Call OTR 1 2 0 33,900 0
WSFS FINL CORP COM 929328102 653 16,891 SH   OTR 1 2 0 16,891 0
ZIONS BANCORPORATION N A *W EXP 05/21/202 989701115 455 35,039 SH   OTR 1 2 0 35,039 0
ZIONS BANCORPORATION N A COM 989701107 104 17,000 SH Call OTR 1 2 0 17,000 0
ZOETIS INC CL A 98978V103 212 2,104 SH   OTR 1 2 0 2,104 0