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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNC INVT CORP COM 00123Q104   10,789,038 1,099,800 SH   SOLE   1,099,800 0 0
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839   6,390,163 329,900 SH   SOLE   329,900 0 0
AXOS FINANCIAL INC COM 05465C100   15,431,762 282,633 SH   SOLE   282,633 0 0
BANC OF CALIFORNIA INC COM 05990K106   15,192,983 1,131,272 SH   SOLE   1,131,272 0 0
BANK AMERICA CORP COM 060505104   3,644,340 108,237 SH   SOLE   108,237 0 0
BANNER CORP COM NEW 06652V208   7,806,691 145,756 SH   SOLE   145,756 0 0
BRIDGEWATER BANCSHARES INC COM 108621103   2,043,697 151,161 SH   SOLE   151,161 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105   7,012,161 284,469 SH   SOLE   284,469 0 0
CADENCE BANK COM 12740C103   11,422,391 386,022 SH   SOLE   386,022 0 0
CALIFORNIA BANCORP INC COM 13005U101   2,827,889 114,212 SH   SOLE   114,212 0 0
CATHAY GEN BANCORP COM 149150104   10,500,291 235,591 SH   SOLE   235,591 0 0
CITIZENS FINL GROUP INC COM 174610105   3,624,853 109,380 SH   SOLE   109,380 0 0
CNB FINL CORP PA COM 126128107   5,023,519 222,378 SH   SOLE   222,378 0 0
COASTAL FINL CORP WA COM NEW 19046P209   2,456,450 55,313 SH   SOLE   55,313 0 0
COLUMBIA BKG SYS INC COM 197236102   28,374,180 1,063,500 SH   SOLE   1,063,500 0 0
EAST WEST BANCORP INC COM 27579R104   25,241,067 350,814 SH   SOLE   350,814 0 0
F N B CORP COM 302520101   14,832,920 1,077,191 SH   SOLE   1,077,191 0 0
FIRST BANCORP P R COM NEW 318672706   10,748,595 653,410 SH   SOLE   653,410 0 0
FIRST BANCSHARES INC MS COM 318916103   5,901,929 201,225 SH   SOLE   201,225 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   19,652,735 13,850 SH   SOLE   13,850 0 0
FIRST INTERNET BANCORP COM 320557101   6,857,405 283,481 SH   SOLE   283,481 0 0
HANCOCK WHITNEY CORPORATION COM 410120109   10,815,454 222,586 SH   SOLE   222,586 0 0
HANMI FINL CORP COM NEW 410495204   7,891,047 406,755 SH   SOLE   406,755 0 0
HEARTLAND FINL USA INC COM 42234Q102   2,444,650 65,000 SH   SOLE   65,000 0 0
HERITAGE COMM CORP COM 426927109   8,263,072 832,971 SH   SOLE   832,971 0 0
M & T BK CORP COM 55261F104   7,041,114 51,365 SH   SOLE   51,365 0 0
MERCANTILE BK CORP COM 587376104   7,638,806 189,173 SH   SOLE   189,173 0 0
OFG BANCORP COM 67103X102   11,137,932 297,170 SH   SOLE   297,170 0 0
OLD SECOND BANCORP INC ILL COM 680277100   9,882,897 640,084 SH   SOLE   640,084 0 0
OP BANCORP COM 67109R109   4,333,090 395,716 SH   SOLE   395,716 0 0
PACIFIC PREMIER BANCORP COM 69478X105   8,140,582 279,649 SH   SOLE   279,649 0 0
POPULAR INC COM NEW 733174700   10,598,766 129,143 SH   SOLE   129,143 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404   17,574,077 240,576 SH   SOLE   240,576 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100   10,377,641 535,482 SH   SOLE   535,482 0 0
STELLAR BANCORP INC COM 858927106   9,991,887 358,904 SH   SOLE   358,904 0 0
SYNOVUS FINL CORP COM NEW 87161C501   18,005,811 478,242 SH   SOLE   478,242 0 0
TRUSTMARK CORP COM 898402102   8,918,812 319,900 SH   SOLE   319,900 0 0
US BANCORP DEL COM NEW 902973304   1,601,360 37,000 SH   SOLE   37,000 0 0
VERITEX HLDGS INC COM 923451108   6,213,439 267,015 SH   SOLE   267,015 0 0
WEBSTER FINL CORP COM 947890109   27,389,487 539,588 SH   SOLE   539,588 0 0
WELLS FARGO CO NEW COM 949746101   1,476,600 30,000 SH   SOLE   30,000 0 0
WESTAMERICA BANCORPORATION COM 957090103   3,012,689 53,407 SH   SOLE   53,407 0 0
WESTERN ALLIANCE BANCORP COM 957638109   33,535,334 509,733 SH   SOLE   509,733 0 0
WINTRUST FINL CORP COM 97650W108   23,712,465 255,660 SH   SOLE   255,660 0 0