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
ACADIAN ASSET MANAGEMENT INC COM 10948W103   4,410,039 125,143 SH   SOLE   125,143 0 0
ALGOMA STL GROUP INC COM 015658107   75,790 11,000 SH   SOLE   11,000 0 0
AMERANT BANCORP INC CL A 023576101   458,630 25,158 SH   SOLE   13,826 11,332 0
AMERIS BANCORP COM 03076K108   359,667 5,559 SH   SOLE   3,050 2,509 0
AXOS FINANCIAL INC COM 05465C100   779,866 10,256 SH   SOLE   5,582 4,674 0
BANC OF CALIFORNIA INC COM 05990K106   2,401,131 170,899 SH   SOLE   143,048 27,851 0
BARCLAYS PLC ADR 06738E204   3,498,638 188,200 SH   SOLE   188,200 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107   2,137,765 85,374 SH   SOLE   85,374 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105   1,158,870 322,805 SH   SOLE   322,805 0 0
BRIDGEWATER BANCSHARES INC COM 108621103   2,589,623 162,767 SH   SOLE   142,137 20,630 0
BROOKLINE BANCORP INC DEL COM 11373M107   808,668 76,651 SH   SOLE   41,926 34,725 0
BURKE HERBERT FINL SVCS CORP COM 12135Y108   2,950,781 49,402 SH   SOLE   44,073 5,329 0
BYLINE BANCORP INC COM 124411109   801,900 30,000 SH   SOLE   30,000 0 0
CALIFORNIA BANCORP COM 84252A106   1,799,697 114,194 SH   SOLE   96,587 17,607 0
CANNAE HLDGS INC COM 13765N107   3,440,250 165,000 SH   SOLE   165,000 0 0
CAPITAL ONE FINL CORP COM 14040H105   4,123,076 19,379 SH   SOLE   16,776 2,603 0
CARTER BANKSHARES INC COM NEW 146103106   2,246,258 129,542 SH   SOLE   111,238 18,304 0
CHAIN BRIDGE BANCORP INC CL A 15746L100   1,623,897 63,015 SH   SOLE   63,015 0 0
CITIGROUP INC COM NEW 172967424   992,669 11,662 SH   SOLE   11,662 0 0
COASTAL FINL CORP WA COM NEW 19046P209   1,312,298 13,547 SH   SOLE   7,376 6,171 0
COCA COLA CONS INC COM 191098102   1,367,713 12,250 SH   SOLE   12,250 0 0
COMERICA INC COM 200340107   549,078 9,205 SH   SOLE   4,980 4,225 0
CONNECTONE BANCORP INC COM 20786W107   675,068 29,148 SH   SOLE   16,062 13,086 0
COREBRIDGE FINL INC COM 21871X109   2,420,639 68,187 SH   SOLE   68,187 0 0
DESIGNER BRANDS INC CL A 250565108   230,860 97,000 SH   SOLE   97,000 0 0
EAGLE FINL SVCS INC COM 26951R104   3,905,122 127,535 SH   SOLE   113,254 14,281 0
ENCORE CAP GROUP INC COM 292554102   1,750,466 45,220 SH   SOLE   45,220 0 0
EQUITABLE HLDGS INC COM 29452E101   2,098,140 37,400 SH   SOLE   37,400 0 0
FIRST BUSEY CORP COM NEW 319383204   4,234,389 185,029 SH   SOLE   170,648 14,381 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   4,321,842 2,209 SH   SOLE   1,931 278 0
FIRST FNDTN INC COM 32026V104   918,087 180,017 SH   SOLE   180,017 0 0
FIRST HORIZON CORPORATION COM 320517105   3,830,798 180,698 SH   SOLE   152,821 27,877 0
FIRST MERCHANTS CORP COM 320817109   455,157 11,884 SH   SOLE   6,507 5,377 0
FIVE STAR BANCORP COM 33830T103   1,474,633 51,669 SH   SOLE   45,594 6,075 0
FULTON FINL CORP PA COM 360271100   409,255 22,686 SH   SOLE   12,376 10,310 0
GENWORTH FINL INC COM SHS 37247D106   3,905,560 502,000 SH   SOLE   502,000 0 0
HERITAGE COMM CORP COM 426927109   1,954,085 196,786 SH   SOLE   166,810 29,976 0
HILLTOP HOLDINGS INC COM 432748101   770,890 25,400 SH   SOLE   25,400 0 0
HOMETRUST BANCSHARES INC COM 437872104   2,352,715 62,890 SH   SOLE   53,292 9,598 0
HORIZON BANCORP INC COM 440407104   1,633,725 106,224 SH   SOLE   98,719 7,505 0
LINKBANCORP INC COM 53578P105   687,125 93,998 SH   SOLE   93,998 0 0
NB BANCORP INC COM 63945M107   2,997,444 167,830 SH   SOLE   146,916 20,914 0
NORTHPOINTE BANCSHARE INC. COM SHS 66661N886   3,089,178 225,323 SH   SOLE   225,323 0 0
OLD NATL BANCORP IND COM 680033107   2,522,345 118,198 SH   SOLE   118,198 0 0
OLD SECOND BANCORP INC ILL COM 680277100   2,541,894 143,286 SH   SOLE   126,410 16,876 0
ONESPAN INC COM 68287N100   2,169,717 130,001 SH   SOLE   130,001 0 0
OPPENHIMER HLDGS INC CL A NON VTG 683797104   2,630,800 40,000 SH   SOLE   40,000 0 0
ORANGE CNTY BANCORP INC COM 68417L107   2,944,158 113,938 SH   SOLE   107,618 6,320 0
PACIFIC PREMIER BANCORP COM 69478X105   232,538 11,026 SH   SOLE   6,086 4,940 0
PAMT CORP COM 693149106   321,750 25,000 SH   SOLE   25,000 0 0
PCB BANCORP COM 69320M109   839,200 40,000 SH   SOLE   40,000 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104   567,287 5,138 SH   SOLE   2,792 2,346 0
POPULAR INC COM NEW 733174700   1,046,554 9,496 SH   SOLE   5,207 4,289 0
PROVIDENT FINL SVCS INC COM 74386T105   2,867,049 163,551 SH   SOLE   146,617 16,934 0
RED ROCK RESORTS INC CL A 75700L108   674,049 12,955 SH   SOLE   12,955 0 0
RENASANT CORP COM 75970E107   2,906,989 80,907 SH   SOLE   69,967 10,940 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107   792,582 20,040 SH   SOLE   20,040 0 0
STELLAR BANCORP INC COM 858927106   475,044 16,978 SH   SOLE   9,326 7,652 0
SURO CAPITAL CORP COM NEW 86887Q109   649,501 79,111 SH   SOLE   79,111 0 0
SYNOVUS FINL CORP COM NEW 87161C501   974,711 18,835 SH   SOLE   10,196 8,639 0
THE ODP CORP COM 88337F105   435,120 24,000 SH   SOLE   24,000 0 0
THIRD COAST BANCSHARES INC COM 88422P109   468,880 14,352 SH   SOLE   7,631 6,721 0
TRUIST FINL CORP COM 89832Q109   1,930,294 44,901 SH   SOLE   38,912 5,989 0
VALLEY NATL BANCORP COM 919794107   3,694,698 413,740 SH   SOLE   370,542 43,198 0
VERITEX HLDGS INC COM 923451108   2,106,244 80,699 SH   SOLE   67,384 13,315 0
WEBSTER FINL CORP COM 947890109   595,195 10,901 SH   SOLE   5,957 4,944 0
WESBANCO INC COM 950810101   4,160,515 131,537 SH   SOLE   118,491 13,046 0
WEST FRASER TIMBER CO LTD COM 952845105   733,000 10,000 SH   SOLE   10,000 0 0
WESTERN ALLIANCE BANCORP COM 957638109   485,270 6,223 SH   SOLE   3,394 2,829 0
WEX INC COM 96208T104   1,366,077 9,300 SH   SOLE   9,300 0 0
WINTRUST FINL CORP COM 97650W108   534,230 4,309 SH   SOLE   2,357 1,952 0