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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALERUS FINL CORP COM 01446U103 7,426 325,000 SH   SOLE   325,000 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 20,066 507,000 SH   SOLE   507,000 0 0
AMERIS BANCORP COM 03076K108 36,099 849,000 SH   SOLE   849,000 0 0
ARCH CAP GROUP LTD ORD G0450A105 255 6,000 SH   SOLE   6,000 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 12,963 345,000 SH   SOLE   345,000 0 0
BANK7 CORP COM 06652N107 6,595 348,000 SH   SOLE   348,000 0 0
BAYCOM CORP COM 07272M107 7,245 319,000 SH   SOLE   319,000 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 206 42,000 SH   SOLE   42,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 10,620 645,000 SH   SOLE   645,000 0 0
CAMBRIDGE BANCORP COM 132152109 10,992 137,000 SH   SOLE   137,000 0 0
CAPITAL BANCORP INC MD COM 139737100 6,921 465,000 SH   SOLE   465,000 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 234 7,000 SH   SOLE   7,000 0 0
CENTERSTATE BK CORP COM 15201P109 8,694 348,000 SH   SOLE   348,000 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 944 10,000 SH   SOLE   10,000 0 0
CITIGROUP INC COM NEW 172967424 274 3,000 SH   SOLE   3,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 11,240 920,000 SH   SOLE   920,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 9,655 586,000 SH   SOLE   586,000 0 0
COWEN INC CL A NEW 223622606 1,940 123,000 SH   SOLE   123,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 1,916 105,000 SH   SOLE   105,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 11,619 376,000 SH   SOLE   376,000 0 0
ESSA BANCORP INC COM 29667D104 516 30,000 SH   SOLE   30,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 19,475 486,000 SH   SOLE   486,000 0 0
EXANTAS CAP CORP COM NEW 30068N105 2,971 252,000 SH   SOLE   252,000 0 0
FIRST FINL CORP IND COM 320218100 310 7,000 SH   SOLE   7,000 0 0
FIRST HAWAIIAN INC COM 32051X108 19,717 683,000 SH   SOLE   683,000 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 3,593 156,000 SH   SOLE   156,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 7,941 118,000 SH   SOLE   118,000 0 0
FIRST WESTN FINL INC COM 33751L105 6,994 425,000 SH   SOLE   425,000 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 277 14,000 SH   SOLE   14,000 0 0
FS KKR CAPITAL CORP COM 302635107 2,538 414,000 SH   SOLE   414,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 10,835 430,000 SH   SOLE   430,000 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 13,164 1,198,000 SH   SOLE   1,198,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 4,327 170,000 SH   SOLE   170,000 0 0
HBT FINL INC COM 404111106 22,426 1,181,000 SH   SOLE   1,181,000 0 0
HERITAGE COMMERCE CORP COM 426927109 9,377 731,000 SH   SOLE   731,000 0 0
HOME BANCORP INC COM 43689E107 25,512 651,000 SH   SOLE   651,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 4,343 121,000 SH   SOLE   121,000 0 0
IBERIABANK CORP COM 450828108 14,302 191,000 SH   SOLE   191,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 18,702 826,000 SH   SOLE   826,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 38,856 701,000 SH   SOLE   701,000 0 0
INSPERITY INC COM 45778Q107 2,025 24,000 SH   SOLE   24,000 0 0
INVESTAR HLDG CORP COM 46134L105 4,957 207,000 SH   SOLE   207,000 0 0
KB HOME COM 48666K109 203 6,000 SH   SOLE   6,000 0 0
KEMPER CORP DEL COM 488401100 1,816 23,000 SH   SOLE   23,000 0 0
LIMESTONE BANCORP INC COM 53262L105 391 22,000 SH   SOLE   22,000 0 0
MACKINAC FINL CORP COM 554571109 7,850 450,000 SH   SOLE   450,000 0 0
MALVERN BANCORP INC COM 561409103 16,129 699,000 SH   SOLE   699,000 0 0
MERIDIAN BK PAOLI PA COM 58958P104 5,183 257,000 SH   SOLE   257,000 0 0
MGIC INVT CORP WIS COM 552848103 158 11,000 SH   SOLE   11,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 41,572 1,435,000 SH   SOLE   1,435,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 14,540 401,000 SH   SOLE   401,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 17,334 492,000 SH   SOLE   492,000 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 1,872 343,000 SH   SOLE   343,000 0 0
OCEANFIRST FINL CORP COM 675234108 53,518 2,095,000 SH   SOLE   2,095,000 0 0
OLD POINT FINL CORP COM 680194107 13,441 489,000 SH   SOLE   489,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 13,438 998,000 SH   SOLE   998,000 0 0
ONEMAIN HLDGS INC COM 68268W103 604 14,000 SH   SOLE   14,000 0 0
OPUS BK IRVINE CALIF COM 684000102 42,246 1,633,000 SH   SOLE   1,633,000 0 0
OTTAWA BANCORP INC COM 689195105 1,241 90,000 SH   SOLE   90,000 0 0
PB BANCORP INC COM 70454T100 1,153 76,000 SH   SOLE   76,000 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 28,305 442,000 SH   SOLE   442,000 0 0
PIONEER BANCORP INC COM 723561106 13,825 903,000 SH   SOLE   903,000 0 0
PROVIDENT BANCORP INC COM NEW 74383L105 14,919 1,198,000 SH   SOLE   1,198,000 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 208 2,000 SH   SOLE   2,000 0 0
RIVERVIEW BANCORP INC COM 769397100 18,495 2,253,000 SH   SOLE   2,253,000 0 0
S & T BANCORP INC COM 783859101 1,549 38,000 SH   SOLE   38,000 0 0
SB FINL GROUP INC COM 78408D105 3,372 171,000 SH   SOLE   171,000 0 0
SHORE BANCSHARES INC COM 825107105 9,846 567,000 SH   SOLE   567,000 0 0
SILVERGATE CAP CORP CL A 82837P408 14,002 1,015,000 SH   SOLE   1,015,000 0 0
SOUND FINL BANCORP INC COM 83607A100 7,213 200,000 SH   SOLE   200,000 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 5,895 282,000 SH   SOLE   282,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 24,932 650,000 SH   SOLE   650,000 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 17,568 764,000 SH   SOLE   764,000 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 1,849 85,000 SH   SOLE   85,000 0 0
TRISTATE CAP HLDGS INC COM 89678F100 13,972 535,000 SH   SOLE   535,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 29,508 2,531,000 SH   SOLE   2,531,000 0 0
VERITEX HLDGS INC COM 923451108 81,227 2,788,000 SH   SOLE   2,788,000 0 0
WELLESLEY BANCORP INC COM 949485106 6,523 144,000 SH   SOLE   144,000 0 0
WINTRUST FINL CORP COM 97650W108 8,149 115,000 SH   SOLE   115,000 0 0
ZIONS BANCORPORATION N A COM 989701107 1,648 32,000 SH   SOLE   32,000 0 0