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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALERUS FINL CORP COM 01446U103   1,348,774 60,240 SH   SOLE   60,240 0 0
ALLSTATE CORP COM 020002101   132,001 943 SH   SOLE   943 0 0
AMALGAMATED FINANCIAL CORP COM 022671101   34,726 1,289 SH   SOLE   1,289 0 0
AMERIPRISE FINL INC COM 03076C106   22,208,660 58,470 SH   SOLE   58,470 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   19,407,097 208,253 SH   SOLE   208,253 0 0
AXOS FINANCIAL INC COM 05465C100   14,745,931 270,072 SH   SOLE   270,072 0 0
BANC OF CALIFORNIA INC COM 05990K106   3,373,643 251,202 SH   SOLE   251,202 0 0
BANCORP INC DEL COM 05969A105   6,798,668 176,314 SH   SOLE   176,314 0 0
BANK AMERICA CORP COM 060505104   59,504,385 1,767,282 SH   SOLE   1,767,282 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107   3,669,725 147,794 SH   SOLE   147,794 0 0
BLACKROCK INC COM 09247X101   12,966,881 15,973 SH   SOLE   15,973 0 0
BLACKSTONE INC COM 09260D107   11,960,589 91,358 SH   SOLE   91,358 0 0
BLUE OWL CAPITAL INC COM CL A 09581B103   295,735 19,848 SH   SOLE   19,848 0 0
BREAD FINANCIAL HOLDINGS INC COM 018581108   7,262,776 220,485 SH   SOLE   220,485 0 0
BURFORD CAP LTD ORD SHS G17977110   6,595,430 422,784 SH   SOLE   422,784 0 0
CAMDEN NATL CORP COM 133034108   9,320,913 247,699 SH   SOLE   247,699 0 0
CAPITAL ONE FINL CORP COM 14040H105   31,718,452 241,904 SH   SOLE   241,904 0 0
CATALYST BANCORP INC COMMON STOCK 14888L101   121,907 11,246 SH   SOLE   11,246 0 0
CENTURY CMNTYS INC COM 156504300   26,268,644 288,223 SH   SOLE   288,223 0 0
CITIGROUP INC COM NEW 172967424   1,024,685 19,920 SH   SOLE   19,920 0 0
CITIZENS FINL GROUP INC COM 174610105   35,017,447 1,056,652 SH   SOLE   1,056,652 0 0
COMERICA INC COM 200340107   5,376,456 96,335 SH   SOLE   96,335 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   54,736,809 2,032,559 SH   SOLE   2,032,559 0 0
DISCOVER FINL SVCS COM 254709108   16,467,499 146,508 SH   SOLE   146,508 0 0
EAGLE BANCORP INC MD COM 268948106   642,736 21,325 SH   SOLE   21,325 0 0
EAST WEST BANCORP INC COM 27579R104   25,690,395 357,059 SH   SOLE   357,059 0 0
ESQUIRE FINL HLDGS INC COM 29667J101   19,582,072 391,955 SH   SOLE   391,955 0 0
EVERCORE INC CLASS A 29977A105   14,677,287 85,807 SH   SOLE   85,807 0 0
F&G ANNUITIES & LIFE INC COMMON STOCK 30190A104   13,050,384 283,704 SH   SOLE   283,704 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303   17,050,017 334,183 SH   SOLE   334,183 0 0
FIFTH THIRD BANCORP COM 316773100   3,228,505 93,607 SH   SOLE   93,607 0 0
FINWISE BANCORP COM 31813A109   64,924 4,537 SH   SOLE   4,537 0 0
FIRST AMERN FINL CORP COM 31847R102   29,328,384 455,127 SH   SOLE   455,127 0 0
FIRST BANCORP N C COM 318910106   4,562,075 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204   6,867,446 276,690 SH   SOLE   276,690 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   33,108,827 23,333 SH   SOLE   23,333 0 0
FIRST INTST BANCSYSTEM INC COM 32055Y201   6,119,865 199,020 SH   SOLE   199,020 0 0
FIRST UTD CORP COM 33741H107   3,669,864 156,098 SH   SOLE   156,098 0 0
F N B CORP COM 302520101   37,059,890 2,691,350 SH   SOLE   2,691,350 0 0
GUILD HLDGS CO CL A 40172N107   7,447,918 528,596 SH   SOLE   528,596 0 0
HANCOCK WHITNEY CORPORATION COM 410120109   21,334,849 439,079 SH   SOLE   439,079 0 0
HERITAGE FINL CORP WASH COM 42722X106   4,935,464 230,737 SH   SOLE   230,737 0 0
HOME BANCSHARES INC COM 436893200   4,218,408 166,538 SH   SOLE   166,538 0 0
ISHARES TR 20 YR TR BD ETF 464287432   9,507,708 96,154 SH   SOLE   96,154 0 0
JPMORGAN CHASE & CO COM 46625H100   79,861,270 469,496 SH   SOLE   469,496 0 0
KB HOME COM 48666K109   6,446,934 103,217 SH   SOLE   103,217 0 0
KEYCORP COM 493267108   3,773 262 SH   SOLE   262 0 0
KKR & CO INC COM 48251W104   7,698,919 92,926 SH   SOLE   92,926 0 0
SPDR SER TR S&P REGL BKG 78464A698   404,864 7,722 SH Put SOLE   7,722 0 0
LAKELAND BANCORP INC COM 511637100   4,166,062 281,681 SH   SOLE   281,681 0 0
LAZARD LTD SHS A G54050102   13,143,716 377,693 SH   SOLE   377,693 0 0
LENNAR CORP CL A 526057104   60,500,254 405,933 SH   SOLE   405,933 0 0
M & T BK CORP COM 55261F104   1,831,389 13,360 SH   SOLE   13,360 0 0
M/I HOMES INC COM 55305B101   35,722,731 259,349 SH   SOLE   259,349 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107   380,028 749 SH Put SOLE   749 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107   679,382 1,339 SH Put SOLE   1,339 0 0
MERCHANTS BANCORP IND COM 58844R108   25,370,995 595,843 SH   SOLE   595,843 0 0
MERITAGE HOMES CORP COM 59001A102   4,158,502 23,872 SH   SOLE   23,872 0 0
METROPOLITAN BK HLDG CORP COM 591774104   8,820,871 159,279 SH   SOLE   159,279 0 0
MORGAN STANLEY COM NEW 617446448   34,433,402 369,259 SH   SOLE   369,259 0 0
MR COOPER GROUP INC COM 62482R107   12,792,889 196,451 SH   SOLE   196,451 0 0
NEW YORK CMNTY BANCORP INC COM 649445103   15,098,140 1,475,869 SH   SOLE   1,475,869 0 0
NORTHEAST BK LEWISTON ME COM 66405S100   16,110,016 291,901 SH   SOLE   291,901 0 0
OLD NATL BANCORP IND COM 680033107   8,641,887 511,657 SH   SOLE   511,657 0 0
ONEMAIN HLDGS INC COM 68268W103   40,577,651 824,749 SH   SOLE   824,749 0 0
PARKE BANCORP INC COM 700885106   3,757,833 185,572 SH   SOLE   185,572 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107   4,589,686 153,913 SH   SOLE   153,913 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107   30,256,121 342,380 SH   SOLE   342,380 0 0
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102   10,289,185 841,307 SH   SOLE   841,307 0 0
PJT PARTNERS INC COM CL A 69343T107   6,094,882 59,830 SH   SOLE   59,830 0 0
POPULAR INC COM NEW 733174700   24,834,300 302,599 SH   SOLE   302,599 0 0
PROGRESSIVE CORP COM 743315103   8,120,094 50,980 SH   SOLE   50,980 0 0
PULTE GROUP INC COM 745867101   20,401,123 197,647 SH   SOLE   197,647 0 0
QUINSTREET INC COM 74874Q100   12,912,150 1,007,188 SH   SOLE   1,007,188 0 0
RAYMOND JAMES FINL INC COM 754730109   17,567,717 157,558 SH   SOLE   157,558 0 0
REGIONAL MGMT CORP COM 75902K106   23,033,171 918,388 SH   SOLE   918,388 0 0
SANDY SPRING BANCORP INC COM 800363103   564,059 20,707 SH   SOLE   20,707 0 0
SCHWAB CHARLES CORP COM 808513105   36,352,544 528,380 SH   SOLE   528,380 0 0
SL GREEN RLTY CORP COM 78440X887   919,119 20,348 SH   SOLE   20,348 0 0
SOUTHSTATE CORPORATION COM 840441109   4,471,121 52,944 SH   SOLE   52,944 0 0
STELLAR BANCORP INC COM 858927106   4,915,932 176,578 SH   SOLE   176,578 0 0
SYNCHRONY FINANCIAL COM 87165B103   16,836,062 440,850 SH   SOLE   440,850 0 0
SYNOVUS FINL CORP COM NEW 87161C501   39,102,838 1,038,588 SH   SOLE   1,038,588 0 0
TAYLOR MORRISON HOME CORP COM 87724P106   15,749,614 295,213 SH   SOLE   295,213 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107   12,689,907 196,347 SH   SOLE   196,347 0 0
ISHARES TR 20 YR TR BD ETF 464287432   888,733 8,988 SH Call SOLE   8,988 0 0
TOLL BROTHERS INC COM 889478103   18,592,861 180,882 SH   SOLE   180,882 0 0
TRICO BANCSHARES COM 896095106   5,929,044 137,981 SH   SOLE   137,981 0 0
TRUIST FINL CORP COM 89832Q109   18,313,981 496,045 SH   SOLE   496,045 0 0
UNITED BANKSHARES INC WEST V COM 909907107   8,750,427 233,034 SH   SOLE   233,034 0 0
US BANCORP DEL COM NEW 902973304   49,861,287 1,152,063 SH   SOLE   1,152,063 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101   3,015,681 246,178 SH   SOLE   246,178 0 0
VICTORY CAP HLDGS INC COM CL A 92645B103   12,736,532 369,818 SH   SOLE   369,818 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109   7,644,451 31,620 SH   SOLE   31,620 0 0
VORNADO RLTY TR SH BEN INT 929042109   6,316,757 223,602 SH   SOLE   223,602 0 0
VOYA FINANCIAL INC COM 929089100   7,555,738 103,560 SH   SOLE   103,560 0 0
WEBSTER FINL CORP COM 947890109   68,576,252 1,350,990 SH   SOLE   1,350,990 0 0
WELLS FARGO CO NEW COM 949746101   28,170,033 572,329 SH   SOLE   572,329 0 0
WESBANCO INC COM 950810101   1,846,407 58,859 SH   SOLE   58,859 0 0
WESTERN ALLIANCE BANCORP COM 957638109   26,445,869 401,974 SH   SOLE   401,974 0 0
WORLD ACCEP CORPORATION COM 981419104   1,491,958 11,430 SH   SOLE   11,430 0 0
ZIONS BANCORPORATION N A COM 989701107   170,918 3,896 SH   SOLE   3,896 0 0