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
Expires: July 31, 2015
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMALGAMATED FINANCIAL CORP COM 022671101 704,978 15,359 SH SOLE 15,359 0 0
AXOS FINANCIAL INC COM 05465C100 2,493,087 25,599 SH SOLE 25,599 0 0
BANC OF CALIFORNIA INC COM 05990K106 1,567,839 76,742 SH SOLE 76,742 0 0
BANK OF MARIN BANCORP COM 063425102 1,965,564 70,959 SH SOLE 70,959 0 0
BEACON FINANCIAL CORP. COM 084680107 2,074,589 68,131 SH SOLE 68,131 0 0
BITWISE HYPERLIQUID ETF COM SHS BEN INT 09175T106 941,384 25,595 SH SOLE 25,595 0 0
BREAD FINANCIAL HOLDINGS INC COM 018581108 2,218,900 20,479 SH SOLE 20,479 0 0
CITIGROUP INC COM NEW 172967424 2,388,417 17,065 SH SOLE 17,065 0 0
COASTAL FINL CORP WA COM NEW 19046P209 2,062,696 26,612 SH SOLE 26,612 0 0
COLUMBIA BKG SYS INC COM 197236102 2,187,829 68,263 SH SOLE 68,263 0 0
CVB FINL CORP COM 126600105 5,002,853 221,856 SH SOLE 221,856 0 0
ENOVA INTL INC COM 29357K103 821,611 3,413 SH SOLE 3,413 0 0
FINWISE BANCORP COM 31813A109 725,000 50,000 SH SOLE 50,000 0 0
FIRST CAROLINA FINL SVCS INC COMMON STOCK 31943F200 1,324,000 100,000 SH SOLE 100,000 0 0
FIRST WESTN FINL INC COM 33751L105 547,957 17,065 SH SOLE 17,065 0 0
FLAGSTAR BANK NATIONAL ASSOC COM NEW 649445400 5,850,310 391,587 SH SOLE 391,587 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,415,152 2,388 SH SOLE 2,388 0 0
HUT 8 CORP COM 44812J104 985,092 8,533 SH SOLE 8,533 0 0
MORGAN STANLEY COM NEW 617446448 2,497,192 11,946 SH SOLE 11,946 0 0
NATIONAL BK HLDGS CORP CL A 633707104 1,516,485 34,132 SH SOLE 34,132 0 0
NORTHEAST BK PORTLAND ME COM 66405S100 2,349,757 17,730 SH SOLE 17,730 0 0
NORTHPOINTE BANCSHARES INC. COM SHS 66661N886 1,470,128 76,649 SH SOLE 76,649 0 0
OFG BANCORP COM 67103X102 2,512,090 51,194 SH SOLE 51,194 0 0
POPULAR INC COM NEW 733174700 3,923,409 23,897 SH SOLE 23,897 0 0
QCR HLDGS INC COM 74727A104 830,688 8,533 SH SOLE 8,533 0 0
ROBINHOOD MKTS INC COM CL A 770700102 1,711,378 17,066 SH SOLE 17,066 0 0
ROCKET COS INC COM CL A 77311W101 2,419,090 153,593 SH SOLE 153,593 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 1,628,471 18,772 SH SOLE 18,772 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 1,527,500 25,000 SH SOLE 25,000 0 0
TERAWULF INC COM 88080T104 843,060 34,132 SH SOLE 34,132 0 0
WINTRUST FINL CORP COM 97650W108 2,743,490 17,070 SH SOLE 17,070 0 0
COINBASE GLOBAL INC COM CL A 19260Q107 211,225 170 SH Put SOLE 170 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 219,390 426 SH Call SOLE 426 0 0