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
AGNC INVT CORP COM 00123Q104   689,250 75,000 SH   SOLE   75,000 0 0
ALLSTATE CORP COM 020002101   9,763,535 48,500 SH   SOLE   48,500 0 0
A-MARK PRECIOUS METALS INC COM 00181T107   7,984,800 360,000 SH   SOLE   360,000 0 0
ANGEL OAK MORTGAGE REIT INC COM 03464Y108   2,543,400 270,000 SH   SOLE   270,000 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107   3,453,792 137,931 SH   SOLE   137,931 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105   2,118,100 590,000 SH   SOLE   590,000 0 0
CHOICEONE FINL SVCS INC COM 170386106   4,599,979 160,278 SH   SOLE   160,278 0 0
COASTAL FINL CORP WA COM NEW 19046P209   9,687,000 100,000 SH   SOLE   100,000 0 0
EVERQUOTE INC COM CL A 30041R108   5,063,534 209,410 SH   SOLE   209,410 0 0
FB FINL CORP COM 30257X104   5,662,500 125,000 SH   SOLE   125,000 0 0
FINANCIAL INSTNS INC COM 317585404   1,097,871 42,752 SH   SOLE   42,752 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   13,695,290 7,000 SH   SOLE   7,000 0 0
FIRST WESTN FINL INC COM 33751L105   7,670,400 340,000 SH   SOLE   340,000 0 0
FIRSTSUN CAP BANCORP COM 33767U107   1,738,925 50,041 SH   SOLE   50,041 0 0
LENDINGTREE INC NEW COM 52603B107   3,981,318 107,400 SH   SOLE   107,400 0 0
MEDIAALPHA INC CL A 58450V104   8,745,393 798,666 SH   SOLE   798,666 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103   4,315,500 150,000 SH   SOLE   150,000 0 0
NORTHPOINTE BANCSHARES INC. COM SHS 66661N886   8,557,151 624,154 SH   SOLE   624,154 0 0
NORWOOD FINANCIAL CORP COM 669549107   1,308,103 50,741 SH   SOLE   50,741 0 0
OFG BANCORP COM 67103X102   4,387,000 102,500 SH   SOLE   102,500 0 0
OLD SECOND BANCORP INC ILL COM 680277100   8,204,750 462,500 SH   SOLE   462,500 0 0
POPULAR INC COM NEW 733174700   15,179,664 137,734 SH   SOLE   137,734 0 0
PROGRESSIVE CORP COM 743315103   3,335,750 12,500 SH   SOLE   12,500 0 0
QCR HOLDINGS INC COM 74727A104   9,297,683 136,932 SH   SOLE   136,932 0 0
QUINSTREET INC COM 74874Q100   11,471,250 712,500 SH   SOLE   712,500 0 0
SEACOAST BKG CORP FLA COM NEW 811707801   773,360 28,000 SH   SOLE   28,000 0 0
SERVISFIRST BANCSHARES INC COM 81768T108   2,850,508 36,776 SH   SOLE   36,776 0 0
SPROTT INC COM NEW 852066208   15,545,250 225,000 SH   SOLE   225,000 0 0
TRUSTMARK CORP COM 898402102   1,739,288 47,704 SH   SOLE   47,704 0 0