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
1ST FINL CORP IND COM 320218100   8,333,978 222,358 SH   SOLE   222,358 0 0
1ST UTD CORP COM 33741H107   701,325 41,597 SH   SOLE   41,597 0 0
AMERICAN BUSINESS BK LA CALIF COM 02475L105   3,836,712 116,264 SH   SOLE   116,264 0 0
AMERIS BANCORP COM 03076K108   878,286 24,010 SH   SOLE   24,010 0 0
BANC OF CALIFORNIA INC COM 05990K106   2,089,991 166,799 SH   SOLE   166,799 0 0
BLUE FOUNDRY BANCORP COM 09549B104   10,637,067 1,117,339 SH   SOLE   1,117,339 0 0
ECB BANCORP INC COM 26828M106   2,229,628 160,636 SH   SOLE   160,636 0 0
EXCHANGE BK SANTA ROSA CALIF COM 301227203   828,750 8,125 SH   SOLE   8,125 0 0
FIFTH THIRD BANCORP COM 316773100   16,143,840 606,000 SH   SOLE   606,000 0 0
FIRST COMMUNITY CORPORATION COM 319835104   3,394,800 169,740 SH   SOLE   169,740 0 0
FIRST FOUNATION INC COM 32026V104   5,432,369 729,177 SH   SOLE   729,177 0 0
FIRST HORIZON CORP COM 320517105   28,251,211 1,588,932 SH   SOLE   1,588,932 0 0
FIRST SEACOAST BANCORP INC COM 33631F104   1,810,200 210,000 SH   SOLE   210,000 0 0
HANCOCK WHITNEY CORPORATION COM 410120109   15,090,312 414,569 SH   SOLE   414,569 0 0
HOMESTREET, INC. COM 43785V102   4,903,696 272,579 SH   SOLE   272,579 0 0
KEYCORP COM 493267108   20,401,853 1,629,541 SH   SOLE   1,629,541 0 0
MACATAWA BANK CORP COM 554225102   10,869,317 1,063,534 SH   SOLE   1,063,534 0 0
NATIONAL BANKSHARE COM 634865109   2,400,587 76,306 SH   SOLE   76,306 0 0
PEOPLES BANCORP N C INC COM 710577107   2,979,835 93,794 SH   SOLE   93,794 0 0
PNC FINANCIAL SERVICES GRP INC COM 693475105   34,876,240 274,400 SH   SOLE   274,400 0 0
PONCE FINANCIAL GROUP INC COM 732344106   3,790,129 482,819 SH   SOLE   482,819 0 0
RBS CITIZENS FINANCIAL GROUP INC COM 174610105   33,039,250 1,087,891 SH   SOLE   1,087,891 0 0
REGIONS FINANCIAL CORPORATION COM 7591EP100   30,187,840 1,626,500 SH   SOLE   1,626,500 0 0
SLM CORPORATION COM 78442P106   8,637,280 697,117 SH   SOLE   697,117 0 0
SPDR S&P REGIONAL BANKING ETF S&P REGIONAL BKG ETF 78464A698   24,552,828 559,800 SH   SOLE   559,800 0 0
TERRITORIAL BANCOR COM 88145X108   23,886 1,237 SH   SOLE   1,237 0 0
TIMBERLAND BANCORP COM 887098101   3,697,066 136,827 SH   SOLE   136,827 0 0
TRUIST FINANCIAL CORP COM 89832Q109   36,548,380 1,071,800 SH   SOLE   1,071,800 0 0
UNIVERSAL INSURANC COM 91359V107   7,431,209 407,860 SH   SOLE   407,860 0 0
US BANCORP COM 902973304   29,048,730 805,790 SH   SOLE   805,790 0 0
WATERSTONE FINANCIAL INC MD COM 94188P101   10,929,851 722,396 SH   SOLE   722,396 0 0
WESTERN NEW ENGLAND BANCORP INC COM 958892101   949,092 115,602 SH   SOLE   115,602 0 0
WILLIAM PENN BANCORP INC COM 96927A105   4,521,916 399,110 SH   SOLE   399,110 0 0