UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
03-31-2023
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
EJF Capital LLC
Address:
2107 Wilson Boulevard
Suite 410
Arlington, VA 22201
Form 13F File Number:
028-11792

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
David Bell
Title:
General Counsel
Phone:
703-997-5716


Signature, Place, and Date of Signing:

/s/ David Bell
                         [Signature]
Arlington, VIRGINIA
                 [City, State]
05-15-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
96
Form 13F Information table Value Total:
270470002
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AERCAP HOLDINGS NVSHSN00985106984,02517,500SHSOLE17,500 0 0
ALGOMA STL GROUP INCCOM015658107218,16027,000SHSOLE27,000 0 0
ALLY FINL INCCOM02005N100648,41525,438SHSOLE17,3208,118 0
ALPHABET INCCAP STK CL C02079K107208,0002,000SHSOLE2,000 0 0
ANTERO RESOURCES CORPCOM03674X106230,90010,000SHSOLE10,000 0 0
APA CORPORATIONCOM03743Q108721,20020,000SHSOLE20,000 0 0
ASSURED GUARANTY LTDCOMG0585R1061,407,56028,000SHSOLE28,000 0 0
AVANTAX INCCOM095229100894,88034,000SHSOLE34,000 0 0
BANC OF CALIFORNIA INCCOM05990K1065,777,771461,115SHSOLE431,36529,750 0
BRIDGEWATER BANCSHARES INCCOM ACCD INV1086211033,074,267283,604SHSOLE248,71334,891 0
BRIGHTSPHERE INVT GROUP INCCOM10948W1031,195,93050,718SHSOLE50,718 0 0
BROADWAY FINL CORP DELCOM1114441051,856,6051,768,195SHSOLE1,768,195 0 0
CADENCE BANKCOM12740C1032,602,266125,350SHSOLE125,350 0 0
CAPITAL ONE FINL CORPCOM14040H1051,549,61816,115SHSOLE11,1025,013 0
CITIGROUP INCCOM NEW172967424234,4505,000SHSOLE5,000 0 0
CITIZENS FINL GROUP INCCOM1746101054,267,410140,514SHSOLE131,3289,186 0
CNB FINL CORP PACOM1261281072,882,035150,106SHSOLE150,106 0 0
COASTAL FINL CORP WACOM NEW19046P2099,829,434272,964SHSOLE253,37119,593 0
COMERICA INCCOM2003401073,907,80090,000SHSOLE90,000 0 0
CONNECTONE BANCORP INCCOM20786W1071,228,56669,489SHSOLE47,89921,590 0
CROSSFIRST BANKSHARES INCCOM22766M1092,903,243277,027SHSOLE277,027 0 0
CUMULUS MEDIA INCCOM CL A231082801249,07567,500SHSOLE67,500 0 0
DELTA AIR LINES INC DELCOM NEW247361702349,20010,000SHSOLE10,000 0 0
DEVON ENERGY CORP NEWCOM25179M103759,15015,000SHSOLE15,000 0 0
DIAMONDBACK ENERGY INCCOM25278X109337,9252,500SHSOLE2,500 0 0
EASTERN BANKSHARES INCCOM27627N1051,834,910145,397SHSOLE127,20618,191 0
ELLINGTON FINANCIAL INCCOM28852N109610,50050,000SHSOLE50,000 0 0
ENCORE CAP GROUP INCCOM2925541021,272,34925,220SHSOLE25,220 0 0
ENERGY TRANSFER L PCOM UT LTD PTN29273V100748,20060,000SHSOLE60,000 0 0
ENTERPRISE FINL SVCS CORPCOM2937121055,869,070131,623SHSOLE125,5156,108 0
ENTERPRISE PRODS PARTNERS LCOM293792107259,00010,000SHSOLE10,000 0 0
EQUITABLE HLDGS INCCOM29452E1011,282,19550,500SHSOLE50,500 0 0
EQUITY BANCSHARES INCCOM CL A29460X1091,135,81346,607SHSOLE32,22514,382 0
FIFTH THIRD BANCORPCOM3167731005,618,829210,917SHSOLE199,90711,010 0
FIRST BANCSHARES INC MSCOM3189161035,814,281225,098SHSOLE206,59518,503 0
FIRST CTZNS BANCSHARES INC NCL A31946M1034,016,9574,128SHSOLE3,553575 0
FIRST MERCHANTS CORPCOM3208171094,572,142138,760SHSOLE130,5918,169 0
FIRST UTD CORPCOM33741H1074,895,655290,371SHSOLE290,371 0 0
GENWORTH FINL INCCOM CL A37247D1061,204,800240,000SHSOLE240,000 0 0
HANCOCK WHITNEY CORPORATIONCOM4101201095,349,890146,975SHSOLE137,5379,438 0
HERITAGE FINL CORP WASHCOM42722X1064,197,460196,143SHSOLE177,41218,731 0
HILLTOP HOLDINGS INCCOM432748101694,27823,400SHSOLE23,400 0 0
INTERDIGITAL INCCOM45867G101473,8506,500SHSOLE6,500 0 0
JACKSON FINANCIAL INCCOM CL A46817M10755,630,1661,487,040SHSOLE1,487,040 0 0
KEYCORPCOM493267108313,00025,000SHSOLE25,000 0 0
LATCH INCCOM51818V106140,989185,000SHSOLE185,000 0 0
LINKBANCORP INCCOM53578P1054,000,695609,862SHSOLE609,862 0 0
M & T BK CORPCOM55261F1044,059,76033,953SHSOLE30,6243,329 0
MERCHANTS BANCORP INDCOM58844R1082,171,26783,382SHSOLE83,382 0 0
METROPOLITAN BK HLDG CORPCOM5917741046,289,645185,590SHSOLE173,42712,163 0
MVB FINL CORPCOM5538101022,680,310129,860SHSOLE129,860 0 0
NATIONAL BK HLDGS CORPCL A6337071041,129,97833,771SHSOLE23,36210,409 0
NEW YORK CMNTY BANCORP INCCOM6494451034,212,640466,000SHSOLE466,000 0 0
NEXPOINT DIVERSIFIED REL ETCOM NEW65340G2052,528,879243,630SHSOLE243,630 0 0
OCEANFIRST FINL CORPCOM6752341081,192,64464,537SHSOLE44,36520,172 0
OLD NATL BANCORP INDCOM6800331075,051,340350,301SHSOLE324,15626,145 0
OLD SECOND BANCORP INC ILLCOM6802771006,381,159453,852SHSOLE425,75128,101 0
ORIGIN BANCORP INCCOM68621T1021,267,32139,419SHSOLE27,21212,207 0
PAGAYA TECHNOLOGIES LTDCL A SHSM7S64L11516,026,07815,711,841SHSOLE15,711,841 0 0
PAGAYA TECHNOLOGIES LTD*W EXP 09/01/202M7S64L107423,6675,166,667SHSOLE5,166,667 0 0
PCB BANCORPCOM69320M1093,331,976229,950SHSOLE214,27715,673 0
PEABODY ENERGY CORPCOM704551100768,00030,000SHSOLE30,000 0 0
PEAPACK-GLADSTONE FINL CORPCOM7046991071,600,48754,034SHSOLE37,18316,851 0
PEOPLES BANCORP INCCOM7097891011,172,78445,545SHSOLE31,48614,059 0
PINNACLE FINL PARTNERS INCCOM72346Q1043,516,34063,748SHSOLE58,6025,146 0
PIONEER NAT RES COCOM723787107306,3601,500SHSOLE1,500 0 0
POPULAR INCCOM NEW7331747001,311,70422,848SHSOLE15,7597,089 0
PREMIER FINANCIAL CORPCOM74052F1081,019,89549,199SHSOLE33,94515,254 0
PRIMIS FINANCIAL CORPCOM74167B1093,184,304330,665SHSOLE306,72123,944 0
PROLOGIS INC.COM74340W103374,3103,000SHSOLE3,000 0 0
QCR HOLDINGS INCCOM74727A1041,342,37330,571SHSOLE21,1019,470 0
RED ROCK RESORTS INCCL A75700L108635,34514,255SHSOLE14,255 0 0
RHINEBECK BANCORP INCCOM7620931023,069,004401,177SHSOLE401,177 0 0
SELECT SECTOR SPDR TRFINANCIAL81369Y6053,134,62597,500SHPutSOLE97,500 0 0
SILVERGATE CAP CORPCL A82837P40830,54518,855SHSOLE12,5606,295 0
SIMON PPTY GROUP INC NEWCOM828806109559,8505,000SHSOLE5,000 0 0
SLM CORPCOM78442P1061,299,637104,894SHSOLE104,894 0 0
SNOWFLAKE INCCL A833445109462,8703,000SHSOLE3,000 0 0
SOUTHERN FIRST BANCSHARESCOM8428731012,654,69086,472SHSOLE74,58011,892 0
SPDR SER TRS&P REGL BKG78464A698438,60010,000SHSOLE10,000 0 0
STEEL PARTNERS HLDGS L PLTD PRTRSHIP U85814R107878,00920,005SHSOLE20,005 0 0
STELLAR BANCORP INCCOM8589271061,008,46940,978SHSOLE28,30312,675 0
SURO CAPITAL CORPCOM NEW86887Q109108,60030,000SHSOLE30,000 0 0
SYNOVUS FINL CORPCOM NEW87161C5014,974,729161,360SHSOLE147,27814,082 0
THE ODP CORPCOM88337F105674,70015,000SHSOLE15,000 0 0
TRINET GROUP INCCOM896288107443,3555,500SHSOLE5,500 0 0
TRINITY CAP INCCOM896442308343,71027,000SHSOLE27,000 0 0
TRIUMPH FINANCIAL INCCOM89679E300362,8756,250SHSOLE6,250 0 0
TRUIST FINL CORPCOM89832Q1093,880,580113,800SHSOLE113,800 0 0
UNITED SEC BANCSHARES CALIFCOM911460103511,96980,246SHSOLE80,246 0 0
US BANCORP DELCOM NEW9029733043,017,38583,700SHSOLE83,700 0 0
VALLEY NATL BANCORPCOM9197941073,632,678393,147SHSOLE368,55524,592 0
WEBSTER FINL CORPCOM9478901094,498,334114,113SHSOLE105,5528,561 0
WEST FRASER TIMBER CO LTDCOM952845105356,2005,000SHSOLE5,000 0 0
WINTRUST FINL CORPCOM97650W1081,663,55222,804SHSOLE15,7037,101 0
ZIONS BANCORPORATION N ACOM9897011072,233,55674,626SHSOLE69,0455,581 0