Q1 2019 Holdings
Filed 2019-05-14 | 113 holdings | $101.8M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ambac Finl Group Inc(OSG) | COM NEW | 023139884 | $37.4M | 2,062,721 | 36.7% |
| Bridgewater Bancshares Inc(BWB) | COM ACCD INV | 108621103 | $23.4M | 2,269,428 | 23.0% |
| Coastal Finl Corp WA(CCB) | COM NEW | 19046P209 | $18.6M | 1,097,527 | 18.3% |
| Business First Bancshares in(BFST) | COM | 12326C105 | $17.0M | 690,945 | 16.7% |
| Ally Finl Inc(ALLY) | COM | 02005N100 | $4.7M | 170,113 | 4.6% |
| First Horizon Natl Corp(FHN) | COM | 320517105 | $56.9K | 4,072,700 | 0.1% |
| Synovus Finl Corp(SYU1) | COM NEW | 87161C501 | $56.9K | 1,656,613 | 0.1% |
| Sterling Bancorp del(STL) | COM | 85917A100 | $48.6K | 2,609,964 | 0.0% |
| Citizens Finl Group Inc(CFG) | COM | 174610105 | $38.3K | 1,178,382 | 0.0% |
| Banc of California Inc(BANC) | COM | 05990K106 | $27.7K | 2,000,000 | 0.0% |
| Pacific City Financial Corp | COM NEW | 69406T408 | $25.5K | 1,463,896 | 0.0% |
| Newmark Group Inc(NMRK) | CL A | 65158N102 | $24.1K | 2,894,520 | 0.0% |
| MVB Financial Corp(MVBF) | COM | 553810102 | $17.2K | 1,129,478 | 0.0% |
| Spdr Series Trust(KBE) | S&P BK ETF | 78464A797 | $15.9K | 380,000 | 0.0% |
| FNB Corp PA(FNB) | COM | 302520101 | $14.7K | 1,390,839 | 0.0% |
| Metropolitan BK Hldg Corp(MCB) | COM | 591774104 | $14.6K | 420,000 | 0.0% |
| Baycom Corp(BCML) | COM | 07272M107 | $14.6K | 645,322 | 0.0% |
| Bank Princeton New Jersey(BPRNUSD) | COM | 064520109 | $14.4K | 455,000 | 0.0% |
| Berkshire Hills Bancorp Inc(BBT) | COM | 084680107 | $14.2K | 521,973 | 0.0% |
| Umpqua Hldgs Corp(UMPQUSD) | COM | 904214103 | $13.5K | 818,319 | 0.0% |
| Investar Hldg Corp(ISTR) | COM | 46134L105 | $13.3K | 584,224 | 0.0% |
| Malvern Bancorp Inc | COM | 561409103 | $12.9K | 640,587 | 0.0% |
| Pacific Mercantile Bancorp(PMBC) | COM | 694552100 | $12.2K | 1,603,251 | 0.0% |
| Istar Inc | NOTE 3.125% 9/1 | 45031UCB5 | $11.0K | $12,000,000 | 0.0% |
| Assured Guaranty LTD(AGO) | COM | G0585R106 | $11.0K | 246,781 | 0.0% |
| Zions Bancorporation N A(ZION) | COM | 989701107 | $10.4K | 229,663 | 0.0% |
| FS Bancorp Inc(FSBW) | COM | 30263Y104 | $10.2K | 201,573 | 0.0% |
| Redwood TR Inc | NOTE 5.625% 7/1 | 758075AD7 | $9.8K | $10,000,000 | 0.0% |
| Smartfinancial Inc(SMBK) | COM NEW | 83190L208 | $9.7K | 514,800 | 0.0% |
| SB Finl Group Inc(SBFG) | COM | 78408D105 | $9.5K | 529,151 | 0.0% |
| Severn Bancorp Annapolis MD(SVBI) | COM | 81811M100 | $9.5K | 1,000,000 | 0.0% |
| Bank Comm Hldgs | COM | 06424J103 | $9.3K | 885,549 | 0.0% |
| Unity Bancorp Inc(UNTY) | COM | 913290102 | $8.4K | 442,600 | 0.0% |
| Regions Finl Corp New(RF) | COM | 7591EP100 | $7.8K | 550,802 | 0.0% |
| Mackinac Finl Corp(MFNC) | COM | 554571109 | $7.7K | 487,936 | 0.0% |
| OP Bancorp(OPBK) | COM | 67109R109 | $7.5K | 859,130 | 0.0% |
| Randolph Bancorp Inc | COM | 752378109 | $7.4K | 492,123 | 0.0% |
| Encore Cap Group Inc(ECPG) | COM | 292554102 | $7.4K | 270,000 | 0.0% |
| Sunpower Corp | DBCV 0.875% 6/0 | 867652AJ8 | $7.3K | $8,600,000 | 0.0% |
| Rhinebeck Bancorp Inc(RBKB) | COM | 762093102 | $6.7K | 556,473 | 0.0% |
| Meridian Corporation(MRBK) | COM | 58958P104 | $6.6K | 363,605 | 0.0% |
| Sterling Bancorp Inc(SBTEUR) | COM | 85917W102 | $6.2K | 608,157 | 0.0% |
| Keycorp New(KEY) | COM | 493267108 | $6.1K | 387,329 | 0.0% |
| Colony Bankcorp Inc(CBAN) | COM | 19623P101 | $6.1K | 355,717 | 0.0% |
| First Ctzns Bancshares Inc N(FCNCA) | CL A | 31946M103 | $6.0K | 14,682 | 0.0% |
| SB One Bancorp | COM | 78413T103 | $6.0K | 275,125 | 0.0% |
| Eagle Bancorp Mont Inc(EBMT) | COM | 26942G100 | $5.9K | 350,222 | 0.0% |
| First UTD Corp(FUNC) | COM | 33741H107 | $4.9K | 283,803 | 0.0% |
| Hamilton Bancorp Inc MD | COM | 407015106 | $4.8K | 325,000 | 0.0% |
| Fifth Third Bancorp(FITB) | COM | 316773100 | $4.8K | 191,866 | 0.0% |