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
AERCAP HOLDINGS NV SHS N00985106 38,224 705,894 SH   SOLE   705,894 0 0
AIR LEASE CORP CL A 00912X302 42,888 1,021,875 SH   SOLE   1,021,875 0 0
ALLY FINL INC COM 02005N100 169,440 6,449,934 SH   SOLE   6,449,934 0 0
AMERICAN RIVER BANKSHARES COM 029326105 10,558 666,118 SH   SOLE   666,118 0 0
APPLE INC COM 037833100 2,831 15,296 SH   SOLE   15,296 0 0
AV HOMES INC COM 00234P102 6,784 317,016 SH   SOLE   317,016 0 0
BANK AMER CORP COM 060505104 32,792 1,163,234 SH   SOLE   1,163,234 0 0
BANK COMM HLDGS COM 06424J103 13,317 1,044,468 SH   SOLE   1,044,468 0 0
BANK NEW YORK MELLON CORP COM 064058100 8,624 159,912 SH   SOLE   159,912 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 7,032 424,872 SH   SOLE   424,872 0 0
BANNER CORP COM NEW 06652V208 1,043 17,349 SH   SOLE   17,349 0 0
BAYCOM CORP COM 07272M107 6,113 247,000 SH   SOLE   247,000 0 0
BELDEN INC COM 077454106 4,159 68,039 SH   SOLE   68,039 0 0
BLACK KNIGHT INC COM 09215C105 5,487 102,472 SH   SOLE   102,472 0 0
BOFI HLDG INC COM 05566U108 19,674 480,899 SH   SOLE   480,899 0 0
BRIDGE BANCORP INC COM 108035106 78,654 2,187,875 SH   SOLE   2,187,875 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 9,288 730,174 SH   SOLE   730,174 0 0
CAMBRIDGE BANCORP COM 132152109 8,066 93,201 SH   SOLE   93,201 0 0
CAMDEN NATL CORP COM 133034108 14,868 325,260 SH   SOLE   325,260 0 0
CANNAE HLDGS INC COM 13765N107 2,066 111,383 SH   SOLE   111,383 0 0
CAPITAL ONE FINL CORP COM 14040H105 8,016 87,221 SH   SOLE   87,221 0 0
CAROLINA FINL CORP NEW COM 143873107 2,008 46,787 SH   SOLE   46,787 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 6,332 299,233 SH   SOLE   299,233 0 0
CENTURY CMNTYS INC COM 156504300 28,775 912,059 SH   SOLE   912,059 0 0
CHEMUNG FINL CORP COM 164024101 10,249 204,524 SH   SOLE   204,524 0 0
CITIGROUP INC COM NEW 172967424 33,783 504,832 SH   SOLE   504,832 0 0
CITIZENS FINL GROUP INC COM 174610105 44,388 1,141,067 SH   SOLE   1,141,067 0 0
CODORUS VY BANCORP INC COM 192025104 10,726 349,593 SH   SOLE   349,593 0 0
COMERICA INC COM 200340107 14,651 161,137 SH   SOLE   161,137 0 0
COMMUNITY FINL CORP MD COM 20368X101 9,325 263,728 SH   SOLE   263,728 0 0
COUSINS PPTYS INC COM 222795106 142 14,659 SH   SOLE   14,659 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,869 37,724 SH   SOLE   37,724 0 0
DIME CMNTY BANCSHARES COM 253922108 12,123 621,675 SH   SOLE   621,675 0 0
DNB FINL CORP COM 233237106 7,233 206,371 SH   SOLE   206,371 0 0
EAGLE BANCORP INC MD COM 268948106 9,280 151,392 SH   SOLE   151,392 0 0
EAST WEST BANCORP INC COM 27579R104 2,477 37,989 SH   SOLE   37,989 0 0
ENSCO PLC SHS CLASS A G3157S106 58 7,986 SH   SOLE   7,986 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,836 45,412 SH   SOLE   45,412 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 8,125 307,887 SH   SOLE   307,887 0 0
FARMERS CAP BK CORP COM 309562106 7,589 145,669 SH   SOLE   145,669 0 0
FAUQUIER BANKSHARES INC VA COM 312059108 509 23,996 SH   SOLE   23,996 0 0
FCB FINL HLDGS INC CL A 30255G103 5,442 92,556 SH   SOLE   92,556 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 12,572 334,183 SH   SOLE   334,183 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 15,574 146,883 SH   SOLE   146,883 0 0
FIFTH THIRD BANCORP COM 316773100 3,991 139,052 SH   SOLE   139,052 0 0
FINANCIAL INSTNS INC COM 317585404 12,648 384,427 SH   SOLE   384,427 0 0
FIRST AMERN FINL CORP COM 31847R102 6,949 134,358 SH   SOLE   134,358 0 0
FIRST BANCORP N C COM 318910106 5,043 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204 3,717 117,193 SH   SOLE   117,193 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 6,061 15,028 SH   SOLE   15,028 0 0
FIRST FNDTN INC COM 32026V104 16,336 881,121 SH   SOLE   881,121 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 1,707 40,453 SH   SOLE   40,453 0 0
FIRST LONG IS CORP COM 320734106 10,045 404,216 SH   SOLE   404,216 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 34,512 1,007,343 SH   SOLE   1,007,343 0 0
FNB CORP PA COM 302520101 18,028 1,343,349 SH   SOLE   1,343,349 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 14,823 394,219 SH   SOLE   394,219 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 4,403 147,758 SH   SOLE   147,758 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 2 53 SH   SOLE   53 0 0
HERITAGE FINL CORP WASH COM 42722X106 2,170 62,272 SH   SOLE   62,272 0 0
HILLTOP HOLDINGS INC COM 432748101 31,827 1,442,091 SH   SOLE   1,442,091 0 0
HOME BANCSHARES INC COM 436893200 5,809 257,494 SH   SOLE   257,494 0 0
HONEYWELL INTL INC COM 438516106 23,502 163,150 SH   SOLE   163,150 0 0
HUNTINGTON BANCSHARES INC COM 446150104 1,331 90,169 SH   SOLE   90,169 0 0
IBERIABANK CORP COM 450828108 17,520 231,133 SH   SOLE   231,133 0 0
J ALEXANDERS HLDGS INC COM 46609J106 215 19,238 SH   SOLE   19,238 0 0
JPMORGAN CHASE & CO COM 46625H100 76,380 733,012 SH   SOLE   733,012 0 0
KEYCORP NEW COM 493267108 19,499 997,925 SH   SOLE   997,925 0 0
KINDER MORGAN INC DEL COM 49456B101 2,229 126,163 SH   SOLE   126,163 0 0
KORN FERRY INTL COM NEW 500643200 2,655 42,870 SH   SOLE   42,870 0 0
LAKELAND BANCORP INC COM 511637100 3,687 185,729 SH   SOLE   185,729 0 0
LEAR CORP COM NEW 521865204 19,892 107,056 SH   SOLE   107,056 0 0
LENNAR CORP CL B 526057302 56 1,315 SH   SOLE   1,315 0 0
LENNAR CORP CL A 526057104 20,476 390,026 SH   SOLE   390,026 0 0
LIVE OAK BANCSHARES INC COM 53803X105 2,758 89,999 SH   SOLE   89,999 0 0
LUTHER BURBANK CORP COM 550550107 27,351 2,377,290 SH   SOLE   2,377,290 0 0
M & T BK CORP COM 55261F104 991 5,823 SH   SOLE   5,823 0 0
M/I HOMES INC COM 55305B101 15,949 602,295 SH   SOLE   602,295 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 20,094 673,176 SH   SOLE   673,176 0 0
MASCO CORP COM 574599106 6,532 174,565 SH   SOLE   174,565 0 0
MB FINANCIAL INC NEW COM 55264U108 7,099 152,017 SH   SOLE   152,017 0 0
MERCHANTS BANCORP IND COM 58844R108 11,946 418,710 SH   SOLE   418,710 0 0
MERIDIAN BK PAOLI PA COM 58958P104 11,159 613,460 SH   SOLE   613,460 0 0
METROPOLITAN BK HLDG CORP COM 591774104 14,149 269,606 SH   SOLE   269,606 0 0
MIDSOUTH BANCORP INC COM 598039105 21,192 1,599,383 SH   SOLE   1,599,383 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 7,889 233,552 SH   SOLE   233,552 0 0
NCR CORP NEW COM 62886E108 3,004 100,196 SH   SOLE   100,196 0 0
NORWEGIAN CRUISE LINE HLDG L SHS G66721104 4,974 105,279 SH   SOLE   105,279 0 0
OLD LINE BANCSHARES INC COM 67984M100 3,186 91,274 SH   SOLE   91,274 0 0
OLD NATL BANCORP IND COM 680033107 10,270 552,157 SH   SOLE   552,157 0 0
OLD POINT FINL CORP COM 680194107 618 21,404 SH   SOLE   21,404 0 0
ONEMAIN HLDGS INC COM 68268W103 101,217 3,040,470 SH   SOLE   3,040,470 0 0
OP BANCORP COM 67109R109 12,350 970,894 SH   SOLE   970,894 0 0
ORRSTOWN FINL SVCS INC COM 687380105 2,287 87,951 SH   SOLE   87,951 0 0
OWENS CORNING NEW COM 690742101 25,196 397,608 SH   SOLE   397,608 0 0
PACIFIC PREMIER BANCORP COM 69478X105 15,747 412,763 SH   SOLE   412,763 0 0
PACWEST BANCORP DEL COM 695263103 26,438 534,965 SH   SOLE   534,965 0 0
PARKE BANCORP INC COM 700885106 11,080 468,509 SH   SOLE   468,509 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 32,163 929,833 SH   SOLE   929,833 0 0
PENNYMAC FINL SVCS INC CL A 70932B101 41,470 2,110,408 SH   SOLE   2,110,408 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 3,711 205,168 SH   SOLE   205,168 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 19,132 311,847 SH   SOLE   311,847 0 0
PNC FINL SVCS GROUP INC COM 693475105 4,293 31,778 SH   SOLE   31,778 0 0
POPULAR INC COM NEW 733174700 1,311 28,994 SH   SOLE   28,994 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 10,281 167,283 SH   SOLE   167,283 0 0
PREMIER FINL BANCORP INC COM 74050M105 10,572 566,255 SH   SOLE   566,255 0 0
REGIONAL MGMT CORP COM 75902K106 53,451 1,526,306 SH   SOLE   1,526,306 0 0
REGIONS FINL CORP NEW COM 7591EP100 45,423 2,554,728 SH   SOLE   2,554,728 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 3,618 460,937 SH   SOLE   460,937 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 2,444 32,456 SH   SOLE   32,456 0 0
RYDER SYS INC COM 783549108 4,334 60,316 SH   SOLE   60,316 0 0
SANDY SPRING BANCORP INC COM 800363103 7,853 191,492 SH   SOLE   191,492 0 0
SB ONE BANCORP COM 78413T103 4,009 134,987 SH   SOLE   134,987 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 2,136 67,640 SH   SOLE   67,640 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,275 47,962 SH Put SOLE   47,962 0 0
SHORE BANCSHARES INC COM 825107105 12,952 680,959 SH   SOLE   680,959 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 31,061 242,888 SH   SOLE   242,888 0 0
SOUTH ST CORP COM 840441109 4,567 52,946 SH   SOLE   52,946 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 2,761 62,471 SH   SOLE   62,471 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 72 267 SH Put SOLE   267 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 260 959 SH Put SOLE   959 0 0
STERLING BANCORP DEL COM 85917A100 41,234 1,754,650 SH   SOLE   1,754,650 0 0
STERLING BANCORP INC COM 85917W102 39,873 2,984,480 SH   SOLE   2,984,480 0 0
STEWARDSHIP FINL CORP COM 860326107 5,692 488,606 SH   SOLE   488,606 0 0
STEWART INFORMATION SVCS COR COM 860372101 4,498 104,443 SH   SOLE   104,443 0 0
SVB FINL GROUP COM 78486Q101 9,794 33,917 SH   SOLE   33,917 0 0
SYNCHRONY FINL COM 87165B103 14,645 438,743 SH   SOLE   438,743 0 0
SYNOVUS FINL CORP COM NEW 87161C501 15,399 291,486 SH   SOLE   291,486 0 0
TAYLOR MORRISON HOME CORP CL A 87724P106 17,660 849,836 SH   SOLE   849,836 0 0
TRICO BANCSHARES COM 896095106 5,167 137,982 SH   SOLE   137,982 0 0
UNITED BANKSHARES INC WEST V COM 909907107 6,558 180,165 SH   SOLE   180,165 0 0
US BANCORP DEL COM NEW 902973304 69,012 1,379,695 SH   SOLE   1,379,695 0 0
VALLEY NATL BANCORP COM 919794107 1,103 90,722 SH   SOLE   90,722 0 0
VERITEX HLDGS INC COM 923451108 2,828 91,008 SH   SOLE   91,008 0 0
WELLS FARGO CO NEW COM 949746101 88,793 1,601,614 SH   SOLE   1,601,614 0 0
WESTERN ALLIANCE BANCORP COM 957638109 4,263 75,297 SH   SOLE   75,297 0 0
WINTRUST FINL CORP COM 97650W108 2,971 34,133 SH   SOLE   34,133 0 0
ZIONS BANCORPORATION COM 989701107 29,769 564,979 SH   SOLE   564,979 0 0