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
AERCAP HOLDINGS NV SHS N00985106   5,046,564 80,526 SH   SOLE   80,526 0 0
ALERUS FINL CORP COM 01446U103   1,095,163 60,240 SH   SOLE   60,240 0 0
ALLSTATE CORP COM 020002101   3,136,749 28,155 SH   SOLE   28,155 0 0
AMALGAMATED FINANCIAL CORP COM 022671101   1,563,955 90,822 SH   SOLE   90,822 0 0
AMERIPRISE FINL INC COM 03076C106   19,584,970 59,406 SH   SOLE   59,406 0 0
AMERIS BANCORP COM 03076K108   3,136,041 81,689 SH   SOLE   81,689 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   20,062,078 223,508 SH   SOLE   223,508 0 0
AXOS FINANCIAL INC COM 05465C100   25,309,334 668,498 SH   SOLE   668,498 0 0
BANCORP INC DEL COM 05969A105   6,082,833 176,314 SH   SOLE   176,314 0 0
BANK AMERICA CORP COM 060505104   36,381,175 1,328,750 SH   SOLE   1,328,750 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107   2,963,270 147,794 SH   SOLE   147,794 0 0
BLACKROCK INC COM 09247X101   22,093,796 34,175 SH   SOLE   34,175 0 0
BLACKSTONE INC COM 09260D107   9,788,096 91,358 SH   SOLE   91,358 0 0
BLUE OWL CAPITAL INC COM CL A 09581B103   13,238,135 1,021,461 SH   SOLE   1,021,461 0 0
BURFORD CAP LTD ORD SHS G17977110   5,918,976 422,784 SH   SOLE   422,784 0 0
CAMDEN NATL CORP COM 133034108   6,990,066 247,699 SH   SOLE   247,699 0 0
CAPITAL ONE FINL CORP COM 14040H105   26,073,841 268,664 SH   SOLE   268,664 0 0
CATALYST BANCORP INC COMMON STOCK 14888L101   135,627 11,246 SH   SOLE   11,246 0 0
CENTURY CMNTYS INC COM 156504300   20,941,206 313,585 SH   SOLE   313,585 0 0
CITIGROUP INC COM NEW 172967424   819,310 19,920 SH   SOLE   19,920 0 0
CITIZENS FINL GROUP INC COM 174610105   21,923,660 818,047 SH   SOLE   818,047 0 0
COMERICA INC COM 200340107   10,001,791 240,717 SH   SOLE   240,717 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   40,525,423 2,030,332 SH   SOLE   2,030,332 0 0
DISCOVER FINL SVCS COM 254709108   14,026,610 161,914 SH   SOLE   161,914 0 0
EAGLE BANCORP INC MD COM 268948106   986,957 46,012 SH   SOLE   46,012 0 0
EAST WEST BANCORP INC COM 27579R104   25,872,071 490,838 SH   SOLE   490,838 0 0
ESQUIRE FINL HLDGS INC COM 29667J101   20,773,918 454,671 SH   SOLE   454,671 0 0
EVERCORE INC CLASS A 29977A105   17,368,881 125,971 SH   SOLE   125,971 0 0
F N B CORP COM 302520101   29,864,713 2,767,814 SH   SOLE   2,767,814 0 0
F&G ANNUITIES & LIFE INC COMMON STOCK 30190A104   7,960,734 283,704 SH   SOLE   283,704 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303   13,801,758 334,183 SH   SOLE   334,183 0 0
FIFTH THIRD BANCORP COM 316773100   2,371,065 93,607 SH   SOLE   93,607 0 0
FINWISE BANCORP COM 31813A109   2,109,456 244,150 SH   SOLE   244,150 0 0
FIRST AMERN FINL CORP COM 31847R102   13,423,775 237,631 SH   SOLE   237,631 0 0
FIRST BANCORP N C COM 318910106   3,468,705 123,266 SH   SOLE   123,266 0 0
FIRST BUSEY CORP COM NEW 319383204   6,466,953 336,470 SH   SOLE   336,470 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   32,201,873 23,333 SH   SOLE   23,333 0 0
FIRST INTST BANCSYSTEM INC COM 32055Y201   4,963,559 199,020 SH   SOLE   199,020 0 0
FIRST UTD CORP COM 33741H107   2,993,886 184,523 SH   SOLE   184,523 0 0
GUILD HLDGS CO CL A 40172N107   5,971,267 544,327 SH   SOLE   544,327 0 0
HANCOCK WHITNEY CORPORATION COM 410120109   17,099,922 462,285 SH   SOLE   462,285 0 0
HERITAGE FINL CORP WASH COM 42722X106   3,763,320 230,737 SH   SOLE   230,737 0 0
HOME BANCSHARES INC COM 436893200   3,487,306 166,538 SH   SOLE   166,538 0 0
ISHARES TR 20 YR TR BD ETF 464287432   8,521,601 96,083 SH   SOLE   96,083 0 0
ISHARES TR 20 YR TR BD ETF 464287432   888,385 10,083 SH Call SOLE   10,083 0 0
JPMORGAN CHASE & CO COM 46625H100   68,086,310 469,496 SH   SOLE   469,496 0 0
KB HOME COM 48666K109   4,776,883 103,217 SH   SOLE   103,217 0 0
KEYCORP COM 493267108   2,819 262 SH   SOLE   262 0 0
KKR & CO INC COM 48251W104   12,175,918 197,661 SH   SOLE   197,661 0 0
LAKELAND BANCORP INC COM 511637100   3,554,814 281,681 SH   SOLE   281,681 0 0
LAZARD LTD SHS A G54050102   3,306,875 106,639 SH   SOLE   106,639 0 0
LENDINGCLUB CORP COM NEW 52603A208   4,559,921 747,528 SH   SOLE   747,528 0 0
LENNAR CORP CL A 526057104   45,557,861 405,933 SH   SOLE   405,933 0 0
M & T BK CORP COM 55261F104   1,689,372 13,360 SH   SOLE   13,360 0 0
M/I HOMES INC COM 55305B101   20,399,954 242,741 SH   SOLE   242,741 0 0
MACATAWA BK CORP COM 554225102   705,152 78,700 SH   SOLE   78,700 0 0
MERCHANTS BANCORP IND COM 58844R108   19,907,894 718,178 SH   SOLE   718,178 0 0
MERITAGE HOMES CORP COM 59001A102   2,921,694 23,872 SH   SOLE   23,872 0 0
METROPOLITAN BK HLDG CORP COM 591774104   1,769,956 48,786 SH   SOLE   48,786 0 0
MORGAN STANLEY COM NEW 617446448   30,157,383 369,259 SH   SOLE   369,259 0 0
MR COOPER GROUP INC COM 62482R107   5,134,958 95,873 SH   SOLE   95,873 0 0
NEW YORK CMNTY BANCORP INC COM 649445103   16,736,354 1,475,869 SH   SOLE   1,475,869 0 0
NORTHEAST BK LEWISTON ME COM 66405S100   14,090,171 319,505 SH   SOLE   319,505 0 0
OLD NATL BANCORP IND COM 680033107   7,439,493 511,657 SH   SOLE   511,657 0 0
ONEMAIN HLDGS INC COM 68268W103   36,636,567 913,858 SH   SOLE   913,858 0 0
PACWEST BANCORP DEL COM 695263103   9,018,610 1,140,153 SH   SOLE   1,140,153 0 0
PARKE BANCORP INC COM 700885106   3,486,598 214,033 SH   SOLE   214,033 0 0
PCB BANCORP COM 69320M109   568,375 36,788 SH   SOLE   36,788 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107   32,743,890 491,650 SH   SOLE   491,650 0 0
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102   7,234,163 710,625 SH   SOLE   710,625 0 0
PJT PARTNERS INC COM CL A 69343T107   11,841,485 149,062 SH   SOLE   149,062 0 0
POPULAR INC COM NEW 733174700   20,495,956 325,281 SH   SOLE   325,281 0 0
PROGRESSIVE CORP COM 743315103   11,496,290 82,529 SH   SOLE   82,529 0 0
PULTE GROUP INC COM 745867101   14,250,552 192,445 SH   SOLE   192,445 0 0
QUINSTREET INC COM 74874Q100   7,493,090 835,350 SH   SOLE   835,350 0 0
RAYMOND JAMES FINL INC COM 754730109   12,408,227 123,551 SH   SOLE   123,551 0 0
REGIONAL MGMT CORP COM 75902K106   25,420,980 918,388 SH   SOLE   918,388 0 0
SANDY SPRING BANCORP INC COM 800363103   443,751 20,707 SH   SOLE   20,707 0 0
SCHWAB CHARLES CORP COM 808513105   30,440,513 554,472 SH   SOLE   554,472 0 0
SL GREEN RLTY CORP COM 78440X887   2,682,094 71,906 SH   SOLE   71,906 0 0
SOUTHSTATE CORPORATION COM 840441109   3,566,308 52,944 SH   SOLE   52,944 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107   235,170 515 SH Put SOLE   515 0 0
SPDR SER TR S&P REGL BKG 78464A698   336,917 8,066 SH Put SOLE   8,066 0 0
STELLAR BANCORP INC COM 858927106   4,273,765 200,458 SH   SOLE   200,458 0 0
SYNCHRONY FINANCIAL COM 87165B103   4,358,915 142,588 SH   SOLE   142,588 0 0
SYNOVUS FINL CORP COM NEW 87161C501   28,130,403 1,011,885 SH   SOLE   1,011,885 0 0
TAYLOR MORRISON HOME CORP COM 87724P106   12,563,644 294,852 SH   SOLE   294,852 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107   11,564,838 196,347 SH   SOLE   196,347 0 0
TOLL BROTHERS INC COM 889478103   8,598,590 116,260 SH   SOLE   116,260 0 0
TRICO BANCSHARES COM 896095106   4,419,531 137,981 SH   SOLE   137,981 0 0
UNITED BANKSHARES INC WEST V COM 909907107   6,429,408 233,034 SH   SOLE   233,034 0 0
UPSTART HLDGS INC COM 91680M107   2,534,181 88,794 SH   SOLE   88,794 0 0
US BANCORP DEL COM NEW 902973304   38,087,203 1,152,063 SH   SOLE   1,152,063 0 0
UWM HOLDINGS CORPORATION COM CL A 91823B109   1,513,995 312,164 SH   SOLE   312,164 0 0
VICTORY CAP HLDGS INC COM CL A 92645B103   8,363,939 250,868 SH   SOLE   250,868 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109   2,892,497 14,320 SH   SOLE   14,320 0 0
VORNADO RLTY TR SH BEN INT 929042109   8,257,720 364,097 SH   SOLE   364,097 0 0
VOYA FINANCIAL INC COM 929089100   18,384,788 276,671 SH   SOLE   276,671 0 0
WEBSTER FINL CORP COM 947890109   58,298,217 1,446,247 SH   SOLE   1,446,247 0 0
WELLS FARGO CO NEW COM 949746101   33,036,005 808,517 SH   SOLE   808,517 0 0
WESBANCO INC COM 950810101   1,437,337 58,859 SH   SOLE   58,859 0 0
WESTERN ALLIANCE BANCORP COM 957638109   27,796,036 604,656 SH   SOLE   604,656 0 0
WORLD ACCEP CORPORATION COM 981419104   1,452,296 11,430 SH   SOLE   11,430 0 0