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 2,321 131,812 SH   OTR 1,2 0 131,812 0
AERCAP HOLDINGS NV SHS N00985106 108 1,835 SH   OTR 1,2 0 1,835 0
AERCAP HOLDINGS NV SHS N00985106 714 60,000 SH Call OTR 1,2 0 60,000 0
AFFINITY BANCSHARES INC COM 00832E103 126 10,365 SH   OTR 1,2 0 10,365 0
AMERANT BANCORP INC CL B 023576200 165 10,000 SH   OTR 1,2 0 10,000 0
AMERICAN INTL GROUP INC COM NEW 026874784 28 602 SH   OTR 1,2 0 602 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,009 82,700 SH Call OTR 1,2 0 82,700 0
AMERICAN NATL BANKSHARES INC COM 027745108 343 10,358 SH   OTR 1,2 0 10,358 0
AMERIS BANCORP COM 03076K108 773 14,719 SH   OTR 1,2 0 14,719 0
APPLE INC COM 037833100 372 3,040 SH   OTR 1,2 0 3,040 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 2,487 64,841 SH   OTR 1,2 0 64,841 0
BANK COMM HLDGS COM 06424J103 260 20,421 SH   OTR 1,2 0 20,421 0
BANK OF THE JAMES FINL GP IN COM 470299108 521 36,484 SH   OTR 1,2 0 36,484 0
BANKUNITED INC COM 06652K103 6,342 144,296 SH   OTR 1,2 0 144,296 0
BECTON DICKINSON & CO COM 075887109 217 894 SH   OTR 1,2 0 894 0
BK OF AMERICA CORP COM 060505104 42,823 1,106,847 SH   OTR 1,2 0 1,106,847 0
BK OF AMERICA CORP COM 060505104 6,462 782,600 SH Call OTR 1,2 0 782,600 0
CAPITAL ONE FINL CORP COM 14040H105 1,016 7,992 SH   OTR 1,2 0 7,992 0
CAPITAL ONE FINL CORP COM 14040H105 3,345 68,600 SH Call OTR 1,2 0 68,600 0
CB FINL SVCS INC COM 12479G101 810 36,573 SH   OTR 1,2 0 36,573 0
CERUS CORP COM 157085101 2,024 336,724 SH   OTR 1,2 0 336,724 0
CIT GROUP INC COM NEW 125581801 238 4,628 SH   OTR 1,2 0 4,628 0
CITIGROUP INC COM NEW 172967424 238 3,279 SH   OTR 1,2 0 3,279 0
CITIGROUP INC COM NEW 172967424 5,306 290,800 SH Call OTR 1,2 0 290,800 0
CITIZENS FINANCIAL GROUP INC COM 174610105 256 5,801 SH   OTR 1,2 0 5,801 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 528 23,005 SH   OTR 1,2 0 23,005 0
CNO FINL GROUP INC COM 12621E103 993 40,890 SH   OTR 1,2 0 40,890 0
CODORUS VY BANCORP INC COM 192025104 440 23,902 SH   OTR 1,2 0 23,902 0
COLUMBIA BKG SYS INC COM 197236102 313 7,264 SH   OTR 1,2 0 7,264 0
COMERICA INC COM 200340107 249 3,473 SH   OTR 1,2 0 3,473 0
COMMUNITY FINL CORP MD COM 20368X101 228 6,657 SH   OTR 1,2 0 6,657 0
CONNECTONE BANCORP INC COM 20786W107 891 35,147 SH   OTR 1,2 0 35,147 0
COWEN INC CL A NEW 223622606 15,828 450,310 SH   OTR 1,2 0 450,310 0
COWEN INC CL A NEW 223622606 205 100,000 SH Call OTR 1,2 0 100,000 0
CRESCENT CAP BDC INC COM 225655109 778 45,281 SH   OTR 1,2 0 45,281 0
DIME CMNTY BANCSHARES INC COM 25432X102 1,021 33,881 SH   OTR 1,2 0 33,881 0
ENTERPRISE FINL SVCS CORP COM 293712105 1,072 21,680 SH   OTR 1,2 0 21,680 0
EXICURE INC COM 30205M101 36 16,600 SH   OTR 1,2 0 16,600 0
FAUQUIER BANKSHARES INC COM 312059108 1,570 73,772 SH   OTR 1,2 0 73,772 0
FB FINL CORP COM 30257X104 4,350 97,839 SH   OTR 1,2 0 97,839 0
FIFTH THIRD BANCORP COM 316773100 3,391 90,551 SH   OTR 1,2 0 90,551 0
FIFTH THIRD BANCORP COM 316773100 1,986 158,800 SH Call OTR 1,2 0 158,800 0
FIRST CHOICE BANCORP COM 31948P104 240 9,880 SH   OTR 1,2 0 9,880 0
FIRST CMNTY CORP S C COM 319835104 469 23,500 SH   OTR 1,2 0 23,500 0
FIRST GTY BANCSHARES INC COM 32043P106 1,265 70,617 SH   OTR 1,2 0 70,617 0
GAMING & LEISURE PPTYS INC COM 36467J108 36 50,000 SH Call OTR 1,2 0 50,000 0
GUARANTY FED BANCSHARES INC COM 40108P101 290 15,000 SH   OTR 1,2 0 15,000 0
HANCOCK WHITNEY CORPORATION COM 410120109 23 549 SH   OTR 1,2 0 549 0
HANCOCK WHITNEY CORPORATION COM 410120109 220 50,000 SH Call OTR 1,2 0 50,000 0
HANESBRANDS INC COM 410345102 197 10,000 SH   OTR 1,2 0 10,000 0
HANOVER INS GROUP INC COM 410867105 754 5,826 SH   OTR 1,2 0 5,826 0
HEALTHCARE RLTY TR COM 421946104 10 50,000 SH Call OTR 1,2 0 50,000 0
HOMETRUST BANCSHARES INC COM 437872104 402 16,500 SH   OTR 1,2 0 16,500 0
HUNTINGTON BANCSHARES INC COM 446150104 339 21,534 SH   OTR 1,2 0 21,534 0
HUNTINGTON BANCSHARES INC COM 446150104 31 5,400 SH Call OTR 1,2 0 5,400 0
IMPAC MTG HLDGS INC COM NEW 45254P508 257 128,116 SH   OTR 1,2 0 128,116 0
JPMORGAN CHASE & CO COM 46625H100 1,318 8,660 SH   OTR 1,2 0 8,660 0
JPMORGAN CHASE & CO COM 46625H100 1,506 28,200 SH Call OTR 1,2 0 28,200 0
KEYCORP COM 493267108 537 26,886 SH   OTR 1,2 0 26,886 0
KEYCORP COM 493267108 454 86,400 SH Call OTR 1,2 0 86,400 0
KINGSTONE COS INC COM 496719105 707 82,805 SH   OTR 1,2 0 82,805 0
LIMESTONE BANCORP INC COM 53262L105 735 46,379 SH   OTR 1,2 0 46,379 0
MACERICH CO COM 554382101 468 40,000 SH   OTR 1,2 0 40,000 0
MACERICH CO COM 554382101 280 140,000 SH Call OTR 1,2 0 140,000 0
MADISON SQUARE GRDN SPRT COR CL A 55825T103 216 1,203 SH   OTR 1,2 0 1,203 0
MAIDEN HOLDINGS LTD SHS G5753U112 304 92,185 SH   OTR 1,2 0 92,185 0
MAINSTREET BANCSHARES INC COM 56064Y100 668 32,185 SH   OTR 1,2 0 32,185 0
MERIDIAN BANCORP INC MD COM 58958U103 2,484 134,880 SH   OTR 1,2 0 134,880 0
METLIFE INC COM 59156R108 270 4,446 SH   OTR 1,2 0 4,446 0
METLIFE INC COM 59156R108 118 5,000 SH Call OTR 1,2 0 5,000 0
MID PENN BANCORP INC COM 59540G107 387 14,437 SH   OTR 1,2 0 14,437 0
MORGAN STANLEY COM NEW 617446448 555 7,140 SH   OTR 1,2 0 7,140 0
NATIONAL RETAIL PROPERTIES I COM 637417106 66 50,000 SH Call OTR 1,2 0 50,000 0
OFG BANCORP COM 67103X102 229 10,121 SH   OTR 1,2 0 10,121 0
OLD NATL BANCORP IND COM 680033107 193 10,000 SH   OTR 1,2 0 10,000 0
ONCOSEC MED INC COM 68234L306 178 37,303 SH   OTR 1,2 0 37,303 0
OP BANCORP COM 67109R109 338 32,107 SH   OTR 1,2 0 32,107 0
PACIFIC MERCANTILE BANCORP COM 694552100 848 95,309 SH   OTR 1,2 0 95,309 0
PACIFIC PREMIER BANCORP COM 69478X105 371 8,540 SH   OTR 1,2 0 8,540 0
PARTNERS BANCORP COM 70213Q108 202 27,569 SH   OTR 1,2 0 27,569 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 4,714 152,663 SH   OTR 1,2 0 152,663 0
PFIZER INC COM 717081103 157 4,340 SH   OTR 1,2 0 4,340 0
PFIZER INC COM 717081103 56 15,000 SH Call OTR 1,2 0 15,000 0
PINNACLE FINL PARTNERS INC COM 72346Q104 3,975 44,829 SH   OTR 1,2 0 44,829 0
PNC FINL SVCS GROUP INC COM 693475105 3,607 20,562 SH   OTR 1,2 0 20,562 0
PNC FINL SVCS GROUP INC COM 693475105 1,537 26,200 SH Call OTR 1,2 0 26,200 0
POPULAR INC COM NEW 733174700 601 8,548 SH   OTR 1,2 0 8,548 0
PREMIER FINANCIAL CORP COM 74052F108 958 28,807 SH   OTR 1,2 0 28,807 0
PRIMIS FINANCIAL CORP COM 74167B109 10,677 734,262 SH   OTR 1,2 0 734,262 0
PROVIDENT FINL SVCS INC COM 74386T105 1,042 46,787 SH   OTR 1,2 0 46,787 0
RBB BANCORP COM 74930B105 200 9,850 SH   OTR 1,2 0 9,850 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 1,890 91,481 SH   OTR 1,2 0 91,481 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 1,331 194,100 SH Call OTR 1,2 0 194,100 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 139 20,405 SH   OTR 1,2 0 20,405 0
SEACOAST BKG CORP FLA COM NEW 811707801 3,230 89,130 SH   OTR 1,2 0 89,130 0
SELECT BANCORP INC NEW COM 81617L108 1,810 163,518 SH   OTR 1,2 0 163,518 0
SEVERN BANCORP INC ANNAPOLIS COM 81811M100 1,032 85,261 SH   OTR 1,2 0 85,261 0
SMARTFINANCIAL INC COM NEW 83190L208 1,945 89,805 SH   OTR 1,2 0 89,805 0
SOUTH ST CORP COM 840441109 2,216 28,232 SH   OTR 1,2 0 28,232 0
SPDR SER TR S&P REGL BKG 78464A698 383 100,000 SH Call OTR 1,2 0 100,000 0
STERLING BANCORP DEL COM 85917A100 2,741 119,064 SH   OTR 1,2 0 119,064 0
STERLING BANCORP DEL COM 85917A100 58 20,000 SH Call OTR 1,2 0 20,000 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 313 19,200 SH   OTR 1,2 0 19,200 0
SYNOVUS FINL CORP COM NEW 87161C501 9,328 203,896 SH   OTR 1,2 0 203,896 0
TERRITORIAL BANCORP INC COM 88145X108 494 18,649 SH   OTR 1,2 0 18,649 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 823 27,065 SH   OTR 1,2 0 27,065 0
TRUIST FINL CORP COM 89832Q109 2,333 39,990 SH   OTR 1,2 0 39,990 0
TRUIST FINL CORP COM 89832Q109 93 6,200 SH Call OTR 1,2 0 6,200 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 386 11,323 SH   OTR 1,2 0 11,323 0
US BANCORP DEL COM NEW 902973304 746 13,489 SH   OTR 1,2 0 13,489 0
US BANCORP DEL COM NEW 902973304 102 7,200 SH Call OTR 1,2 0 7,200 0
VICI PPTYS INC COM 925652109 190 100,000 SH Call OTR 1,2 0 100,000 0
WELLS FARGO CO NEW COM 949746101 788 20,177 SH   OTR 1,2 0 20,177 0
WELLS FARGO CO NEW COM 949746101 1,895 492,100 SH Call OTR 1,2 0 492,100 0
WESBANCO INC COM 950810101 465 12,905 SH   OTR 1,2 0 12,905 0
WSFS FINL CORP COM 929328102 1,144 22,977 SH   OTR 1,2 0 22,977 0
ZIONS BANCORPORATION N A COM 989701107 1,182 59,100 SH Call OTR 1,2 0 59,100 0