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
AMBAC FINL GROUP INC COM NEW 023139884   1,556,797 121,435 SH   SOLE   100,000 0 21,435
AMERIPRISE FINL INC COM 03076C106   1,110,694 2,600 SH   SOLE   2,500 0 100
AXOS FINANCIAL INC COM 05465C100   8,982,837 157,180 SH   SOLE   140,000 0 17,180
BAYFIRST FINANCIAL CORP COM 07279B104   388,689 33,450 SH   SOLE   33,450 0 0
BANC OF CALIFORNIA INC COM 05990K106   4,149,666 324,700 SH   SOLE   320,600 0 4,100
BARCLAYS PLC ADR 06738E204   6,141,489 573,435 SH   SOLE   568,000 0 5,435
BUSINESS FIRST BANCSHARES IN COM 12326C105   920,056 42,282 SH   SOLE   40,497 0 1,785
BRIDGEWATER BANCSHARES INC COM 108621103   1,180,447 101,675 SH   SOLE   92,000 0 9,675
CARLYLE GROUP INC COM 14316J108   6,516,345 162,300 SH   SOLE   143,000 0 19,300
CONNECTONE BANCORP INC COM 20786W107   1,958,270 103,667 SH   SOLE   67,952 0 35,715
CUSTOMERS BANCORP INC COM 23204G100   5,426,538 113,100 SH   SOLE   113,100 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   2,889,358 141,635 SH   SOLE   139,535 0 2,100
DELL TECHNOLOGIES INC CL C 24703L202   551,640 4,000 SH   SOLE   4,000 0 0
ESQUIRE FINL HLDGS INC COM 29667J101   4,443,603 93,353 SH   SOLE   73,760 0 19,593
FIRST BUSINESS FINL SVCS INC COM 319390100   882,212 23,850 SH   SOLE   22,500 0 1,350
FIRST BANCORP P R COM NEW 318672706   8,117,468 443,820 SH   SOLE   394,500 0 49,320
FIRST CTZNS BANCSHARES INC N CL A 31946M103   14,677,712 8,718 SH   SOLE   7,900 0 818
FUNDAMENTAL GLOBAL INC COM 30329Y106   22,989 24,260 SH   SOLE   0 0 24,260
PGIM GLOBAL HIGH YIELD FD FO COM 69346J106   225,720 19,000 SH   SOLE   0 0 19,000
GENWORTH FINL INC COM SHS 37247D106   396,677 65,675 SH   SOLE   39,000 0 26,675
ROBINHOOD MKTS INC COM CL A 770700102   15,370,128 676,800 SH   SOLE   613,000 0 63,800
ANYWHERE REAL ESTATE INC COM 75605Y106   5,852,908 1,768,250 SH   SOLE   1,538,500 0 229,750
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   1,250,520 10,200 SH   SOLE   10,200 0 0
FIRST INTERNET BANCORP COM 320557101   1,264,887 46,813 SH   SOLE   41,923 0 4,890
ISHARES TR RUS 2000 VAL ETF 464287630   532,288 3,495 SH   SOLE   0 0 3,495
JACKSON FINANCIAL INC COM CL A 46817M107   8,960,954 120,670 SH   SOLE   110,170 0 10,500
KINGSTONE COS INC COM 496719105   1,600,820 320,164 SH   SOLE   314,164 0 6,000
KKR INCOME OPPORTUNITIES FD COM 48249T106   370,599 27,051 SH   SOLE   0 0 27,051
LAS VEGAS SANDS CORP COM 517834107   265,500 6,000 SH   SOLE   6,000 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107   864,689 1,616 SH   SOLE   0 0 1,616
META PLATFORMS INC CL A 30303M102   1,023,567 2,030 SH   SOLE   2,000 0 30
MERIDIAN CORPORATION COM 58958P104   856,980 81,462 SH   SOLE   81,462 0 0
NAVIENT CORPORATION COM 63938C108   1,007,479 69,195 SH   SOLE   37,000 0 32,195
NORTHEAST BK LEWISTON ME COM 66405S100   6,475,200 106,395 SH   SOLE   92,000 0 14,395
OFG BANCORP COM 67103X102   7,593,924 202,775 SH   SOLE   180,255 0 22,520
ONEMAIN HLDGS INC COM 68268W103   5,144,837 106,101 SH   SOLE   88,400 0 17,701
OP BANCORP COM 67109R109   2,419,298 252,273 SH   SOLE   252,273 0 0
OLD SECOND BANCORP INC ILL COM 680277100   4,956,907 334,700 SH   SOLE   282,400 0 52,300
INVESCO EXCHANGE TRADED FD T BUYBACK ACHIEV 46137V308   974,166 9,376 SH   SOLE   0 0 9,376
PINNACLE FINL PARTNERS INC COM 72346Q104   6,441,619 80,480 SH   SOLE   71,000 0 9,480
PAYPAL HLDGS INC COM 70450Y103   5,487,607 94,565 SH   SOLE   79,300 0 15,265
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   3,373,654 20,536 SH   SOLE   0 0 20,536
STIFEL FINL CORP COM 860630102   1,009,800 12,000 SH   SOLE   12,000 0 0
SLM CORP COM 78442P106   7,903,318 380,150 SH   SOLE   368,000 0 12,150
SOTHERLY HOTELS INC COM 83600C103   1,098,025 954,804 SH   SOLE   810,596 0 144,208
SUNCOKE ENERGY INC COM 86722A103   325,135 33,177 SH   SOLE   28,000 0 5,177
SYNCHRONY FINANCIAL COM 87165B103   594,594 12,600 SH   SOLE   12,600 0 0
TRUIST FINL CORP COM 89832Q109   2,253,300 58,000 SH   SOLE   58,000 0 0
UMB FINL CORP COM 902788108   8,396,223 100,650 SH   SOLE   90,000 0 10,650
UNITY BANCORP INC COM 913290102   689,129 23,305 SH   SOLE   23,305 0 0
VISA INC COM CL A 92826C839   600,006 2,286 SH   SOLE   1,900 0 386
VICTORY CAP HLDGS INC COM CL A 92645B103   4,309,828 90,296 SH   SOLE   85,611 0 4,685
VIRTUS INVT PARTNERS INC COM 92828Q109   4,138,701 18,325 SH   SOLE   14,855 0 3,470
VANGUARD INDEX FDS TOTAL STK MKT 922908769   209,995 785 SH   SOLE   0 0 785
WESTERN ALLIANCE BANCORP COM 957638109   8,329,932 132,600 SH   SOLE   119,100 0 13,500
WEBSTER FINL CORP COM 947890109   3,330,276 76,400 SH   SOLE   74,400 0 2,000
WEX INC COM 96208T104   496,169 2,801 SH   SOLE   2,801 0 0
WINTRUST FINL CORP COM 97650W108   502,755 5,101 SH   SOLE   5,101 0 0
UNITED STATES STL CORP NEW COM 912909108   255,150 6,750 SH   SOLE   6,750 0 0