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
APPLE INC COM 037833100   263,442 1,052 SH   SOLE   0 0 1,052
AMBAC FINL GROUP INC COM NEW 023139884   271,153 21,435 SH   SOLE   0 0 21,435
AMERIPRISE FINL INC COM 03076C106   1,384,318 2,600 SH   SOLE   2,500 0 100
AXOS FINANCIAL INC COM 05465C100   10,688,447 153,020 SH   SOLE   152,000 0 1,020
BANC OF CALIFORNIA INC COM 05990K106   5,014,064 324,325 SH   SOLE   320,600 0 3,725
BARCLAYS PLC ADR 06738E204   7,142,511 537,435 SH   SOLE   532,000 0 5,435
BUSINESS FIRST BANCSHARES IN COM 12326C105   1,086,647 42,282 SH   SOLE   40,497 0 1,785
BRIDGEWATER BANCSHARES INC COM 108621103   1,368,225 101,275 SH   SOLE   92,000 0 9,275
CHAIN BRIDGE BANCORP INC CL A 15746L100   5,051,605 201,500 SH   SOLE   199,800 0 1,700
CAPITAL BANCORP INC MD COM 139737100   991,686 34,796 SH   SOLE   34,796 0 0
CARLYLE GROUP INC COM 14316J108   8,186,196 162,135 SH   SOLE   158,000 0 4,135
CONNECTONE BANCORP INC COM 20786W107   3,471,392 151,523 SH   SOLE   147,808 0 3,715
COREBRIDGE FINL INC COM 21871X109   7,422,640 248,000 SH   SOLE   246,500 0 1,500
CUSTOMERS BANCORP INC COM 23204G100   8,704,033 178,801 SH   SOLE   178,801 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   300,780 9,000 SH   SOLE   9,000 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   2,871,823 93,438 SH   SOLE   92,563 0 875
DELL TECHNOLOGIES INC CL C 24703L202   460,960 4,000 SH   SOLE   4,000 0 0
ESQUIRE FINL HLDGS INC COM 29667J101   7,398,350 93,061 SH   SOLE   91,296 0 1,765
FIRST BUSINESS FINL SVCS INC COM 319390100   1,094,758 23,650 SH   SOLE   22,500 0 1,150
FIRST CTZNS BANCSHARES INC N CL A 31946M103   18,389,613 8,703 SH   SOLE   8,540 0 163
FINANCIAL INSTNS INC COM 317585404   272,900 10,000 SH   SOLE   10,000 0 0
PGIM GLOBAL HIGH YIELD FD FO COM 69346J106   234,080 19,000 SH   SOLE   0 0 19,000
GENERATION INCOME PPTYS INC COM NEW 37149D204   156,564 86,024 SH   SOLE   86,024 0 0
GENWORTH FINL INC COM SHS 37247D106   459,068 65,675 SH   SOLE   39,000 0 26,675
GROUP 1 AUTOMOTIVE INC COM 398905109   260,475 618 SH   SOLE   0 0 618
GLOBAL PMTS INC COM 37940X102   9,718,404 86,725 SH   SOLE   85,000 0 1,725
U S GLOBAL INVS INC CL A 902952100   1,099,993 450,817 SH   SOLE   447,617 0 3,200
ROBINHOOD MKTS INC COM CL A 770700102   24,751,818 664,300 SH   SOLE   660,000 0 4,300
ANYWHERE REAL ESTATE INC COM 75605Y106   8,332,665 2,525,050 SH   SOLE   2,399,000 0 126,050
HEWLETT PACKARD ENTERPRISE C COM 42824C109   224,175 10,500 SH   SOLE   10,500 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   1,802,034 10,200 SH   SOLE   10,200 0 0
FIRST INTERNET BANCORP COM 320557101   1,679,401 46,663 SH   SOLE   41,923 0 4,740
ISHARES TR RUS 2000 VAL ETF 464287630   573,774 3,495 SH   SOLE   0 0 3,495
JPMORGAN CHASE & CO. COM 46625H100   216,938 905 SH   SOLE   0 0 905
JACKSON FINANCIAL INC COM CL A 46817M107   9,739,898 111,850 SH   SOLE   110,800 0 1,050
KINGSTONE COS INC COM 496719105   4,849,620 319,264 SH   SOLE   314,164 0 5,100
KKR INCOME OPPORTUNITIES FD COM 48249T106   263,492 19,693 SH   SOLE   0 0 19,693
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107   917,593 1,611 SH   SOLE   0 0 1,611
META PLATFORMS INC CL A 30303M102   1,217,861 2,080 SH   SOLE   2,000 0 80
NAVIENT CORPORATION COM 63938C108   427,872 32,195 SH   SOLE   0 0 32,195
NORTHEAST BK PORTLAND ME COM 66405S100   8,953,398 97,606 SH   SOLE   94,361 0 3,245
OFG BANCORP COM 67103X102   8,566,838 202,430 SH   SOLE   200,255 0 2,175
ONEMAIN HLDGS INC COM 68268W103   4,584,886 87,951 SH   SOLE   85,400 0 2,551
OP BANCORP COM 67109R109   4,020,056 254,273 SH   SOLE   254,273 0 0
OLD SECOND BANCORP INC ILL COM 680277100   5,942,965 334,250 SH   SOLE   330,400 0 3,850
PIONEER BANCORP INC MD COM 723561106   572,348 49,683 SH   SOLE   49,683 0 0
INVESCO EXCHANGE TRADED FD T BUYBACK ACHIEV 46137V308   1,079,459 9,376 SH   SOLE   0 0 9,376
PRIMERICA INC COM 74164M108   214,422 790 SH   SOLE   0 0 790
PAYPAL HLDGS INC COM 70450Y103   9,382,099 109,925 SH   SOLE   104,200 0 5,725
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   4,102,835 23,414 SH   SOLE   0 0 23,414
STIFEL FINL CORP COM 860630102   1,272,960 12,000 SH   SOLE   12,000 0 0
SLM CORP COM 78442P106   10,475,022 379,805 SH   SOLE   368,000 0 11,805
SOTHERLY HOTELS INC COM 83600C103   931,574 1,000,187 SH   SOLE   983,787 0 16,400
BLOCK INC CL A 852234103   2,668,686 31,400 SH   SOLE   31,400 0 0
SUNCOKE ENERGY INC COM 86722A103   526,194 49,177 SH   SOLE   44,000 0 5,177
SYNCHRONY FINANCIAL COM 87165B103   819,000 12,600 SH   SOLE   12,600 0 0
TRUIST FINL CORP COM 89832Q109   2,516,040 58,000 SH   SOLE   58,000 0 0
UBS GROUP AG SHS H42097107   1,443,232 47,600 SH   SOLE   46,000 0 1,600
UBS GROUP AG SHS H42097107   1,057,290 2,711 SH Call SOLE   2,711 0 0
UMB FINL CORP COM 902788108   11,339,608 100,475 SH   SOLE   99,200 0 1,275
UNITY BANCORP INC COM 913290102   1,016,331 23,305 SH   SOLE   23,305 0 0
VISA INC COM CL A 92826C839   755,652 2,391 SH   SOLE   1,900 0 491
VICTORY CAP HLDGS INC COM CL A 92645B103   8,560,990 130,782 SH   SOLE   126,297 0 4,485
VIRTUS INVT PARTNERS INC COM 92828Q109   4,613,431 20,915 SH   SOLE   20,755 0 160
VANGUARD INDEX FDS TOTAL STK MKT 922908769   227,501 785 SH   SOLE   0 0 785
VIATRIS INC COM 92556V106   374,396 30,072 SH   SOLE   30,000 0 72
WESTERN ALLIANCE BANCORP COM 957638109   5,887,064 70,470 SH   SOLE   69,545 0 925
WEBSTER FINL CORP COM 947890109   4,202,242 76,100 SH   SOLE   74,400 0 1,700
WEX INC COM 96208T104   491,071 2,801 SH   SOLE   2,801 0 0
UNITED STATES STL CORP NEW COM 912909108   433,372 12,750 SH   SOLE   12,750 0 0