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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
A-MARK PRECIOUS METALS INCCOM00181T10719,722255,000SH DFND1255,00000
BUSINESS FIRST BANCSHARES INCOM12326C1052,484102,102SH DFND1102,10200
CENTRAL PAC FINL CORPCOM NEW1547604096,278225,000SH DFND1225,00000
CHOICEONE FINL SVCS INCCOM1703861062,738109,272SH DFND1109,27200
COMERICA INCCOM2003401073,39137,500SH DFND137,50000
CUSTOMERS BANCORP INCCOM23204G1006,648127,500SH DFND1127,50000
ESQUIRE FINL HLDGS INCCOM29667J1017,717229,597SH DFND1229,59700
EVERQUOTE INCCOM CL A30041R1081,39686,271SH DFND186,27100
FIGURE ACQUISITION CORP ICOM CL A3024381063,510358,929SH DFND1358,92900
FIGURE ACQUISITION CORP IUNIT 99/99/99993024382055,823585,854SH DFND1585,85400
FIRST BANCORP P RCOM NEW3186727065,634429,400SH DFND1429,40000
FIRST BUSEY CORPCOM NEW3193832046,092240,406SH DFND1240,40600
FIRST HORIZON CORPORATIONCOM3205171055,579237,500SH DFND1237,50000
FIRST INTST BANCSYSTEM INCCOM CL A32055Y20111,583315,000SH DFND1315,00000
FIRST MID ILL BANCSHARES INCCOM3208661065,949154,548SH DFND1154,54800
HERITAGE FINL CORP WASHCOM42722X1062,37694,830SH DFND194,83000
HOME BANCORP INCCOM43689E1073,67290,018SH DFND190,01800
INTERNATIONAL BANCSHARES CORCOM4590441035,276125,000SH DFND1125,00000
LENDINGCLUB CORPCOM NEW52603A2083,912247,900SH DFND1247,90000
LIGHTSPEED COMMERCE INCSUB VTG SHS53229C1072,18571,700SH DFND171,70000
M & T BK CORPCOM55261F1041,69510,000SH DFND110,00000
MAINSTREET BANCSHARES INCCOM56064Y1004,977204,718SH DFND1204,71800
MEDIAALPHA INCCL A58450V1045,793350,000SH DFND1350,00000
METROPOLITAN BK HLDG CORPCOM5917741048,39682,500SH DFND182,50000
NEW YORK CMNTY BANCORP INCCOM6494451035,896550,000SH DFND1550,00000
OFG BANCORPCOM67103X1027,595285,098SH DFND1285,09800
OLD SECOND BANCORP INC ILLCOM6802771001,838126,698SH DFND1126,69800
POPULAR INCCOM NEW73317470016,389200,500SH DFND1200,50000
PROVIDENT BANCORP INCCOM NEW74383L1056,349391,404SH DFND1391,40400
QCR HOLDINGS INCCOM74727A1046,508115,000SH DFND1115,00000
QUINSTREET INCCOM74874Q1004,060350,000SH DFND1350,00000
RIBBIT LEAP LTDSHS CL AG7552B1051,604162,475SH DFND1162,47500
SIGNATURE BK NEW YORK N YCOM82669G1047,33725,000SH DFND125,00000
SILVER SPIKE INVESTMENT CORPCOM8281741022,365177,843SH DFND1177,84300
SILVERGATE CAP CORPCL A82837P4089,41162,500SH DFND162,50000
SOUTHERN MO BANCORP INCCOM84338010687817,578SH DFND117,57800
SPROTT INCCOM NEW85206620810,550210,000SH DFND1210,00000
SYNOVUS FINL CORPCOM NEW87161C5016,738137,500SH DFND1137,50000
VERITEX HLDGS INCCOM9234511086,715175,917SH DFND1175,91700
VERSABANK NEWCOM92512J1065,322466,843SH DFND1466,84300
WASHINGTON FED INCCOM9388241092,05162,500SH DFND162,50000
WISDOMTREE INVTS INCCOM97717P1044,549775,000SH DFND1775,00000