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
AMERICAN NATL BANKSHARES INC COM 027745108 9,144 383,000 SH   SOLE   383,000 0 0
AMERIS BANCORP COM 03076K108 33,713 1,419,000 SH   SOLE   1,419,000 0 0
ARCH CAP GROUP LTD ORD G0450A105 249 9,000 SH   SOLE   9,000 0 0
ASSOCIATED BANC CORP COM 045487105 2,175 170,000 SH   SOLE   170,000 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 2,746 125,000 SH   SOLE   125,000 0 0
BANK7 CORP COM 06652N107 3,891 490,000 SH   SOLE   490,000 0 0
BAYCOM CORP COM 07272M107 3,839 319,000 SH   SOLE   319,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 12,127 1,075,000 SH   SOLE   1,075,000 0 0
CALIFORNIA BANCORP COM 13005U101 5,637 476,000 SH   SOLE   476,000 0 0
CAMBRIDGE BANCORP COM 132152109 7,131 137,000 SH   SOLE   137,000 0 0
CAPITAL BANCORP INC MD COM 139737100 5,303 424,000 SH   SOLE   424,000 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 2,531 41,000 SH   SOLE   41,000 0 0
CITIGROUP INC COM NEW 172967424 281 7,000 SH   SOLE   7,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 5,933 920,000 SH   SOLE   920,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 8,299 790,000 SH   SOLE   790,000 0 0
COWEN INC CL A NEW 223622606 963 100,000 SH   SOLE   100,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 6,400 371,000 SH   SOLE   371,000 0 0
ESSA BANCORP INC COM 29667D104 2,624 192,000 SH   SOLE   192,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 11,818 486,000 SH   SOLE   486,000 0 0
F N B CORP COM 302520101 15,725 2,134,000 SH   SOLE   2,134,000 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 14,510 984,000 SH   SOLE   984,000 0 0
FIRST FINL CORP IND COM 320218100 229 7,000 SH   SOLE   7,000 0 0
FIRST HORIZON NATL CORP COM 320517105 954 118,000 SH   SOLE   118,000 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 2,062 156,000 SH   SOLE   156,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 4,512 116,000 SH   SOLE   116,000 0 0
FIRST WESTN FINL INC COM 33751L105 6,005 425,000 SH   SOLE   425,000 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 117 14,000 SH   SOLE   14,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 6,398 430,000 SH   SOLE   430,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 3,585 195,000 SH   SOLE   195,000 0 0
HBT FINL INC. COM 404111106 9,152 869,000 SH   SOLE   869,000 0 0
HERITAGE COMMERCE CORP COM 426927109 5,222 681,000 SH   SOLE   681,000 0 0
HOME BANCORP INC COM 43689E107 17,321 709,000 SH   SOLE   709,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 2,791 112,000 SH   SOLE   112,000 0 0
IBERIABANK CORP COM 450828108 7,309 202,000 SH   SOLE   202,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 17,413 1,353,000 SH   SOLE   1,353,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 29,062 1,227,000 SH   SOLE   1,227,000 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 246 3,000 SH   SOLE   3,000 0 0
INVESTAR HLDG CORP COM 46134L105 2,637 207,000 SH   SOLE   207,000 0 0
KB HOME COM 48666K109 1,484 82,000 SH   SOLE   82,000 0 0
LIMESTONE BANCORP INC COM 53262L105 242 22,000 SH   SOLE   22,000 0 0
MACKINAC FINL CORP COM 554571109 4,597 440,000 SH   SOLE   440,000 0 0
MALVERN BANCORP INC COM 561409103 8,395 685,000 SH   SOLE   685,000 0 0
MERIDIAN BK PAOLI PA COM 58958P104 1,485 109,000 SH   SOLE   109,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 27,069 1,548,000 SH   SOLE   1,548,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 5,320 254,000 SH   SOLE   254,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 15,711 657,000 SH   SOLE   657,000 0 0
OCEANFIRST FINL CORP COM 675234108 44,546 2,800,000 SH   SOLE   2,800,000 0 0
OLD POINT FINL CORP COM 680194107 7,393 489,000 SH   SOLE   489,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 7,756 1,122,000 SH   SOLE   1,122,000 0 0
ONEMAIN HLDGS INC COM 68268W103 1,089 57,000 SH   SOLE   57,000 0 0
OPUS BK IRVINE CALIF COM 684000102 28,462 1,642,000 SH   SOLE   1,642,000 0 0
OTTAWA BANCORP INC COM 689195105 984 90,000 SH   SOLE   90,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 6,172 328,000 SH   SOLE   328,000 0 0
PB BANCORP INC COM 70454T100 1,133 76,000 SH   SOLE   76,000 0 0
PENNYMAC FINL SVCS INC COM 70932M107 2,151 97,000 SH   SOLE   97,000 0 0
PIONEER BANCORP INC COM 723561106 9,373 903,000 SH   SOLE   903,000 0 0
RIVERVIEW BANCORP INC COM 769397100 11,219 2,239,000 SH   SOLE   2,239,000 0 0
SB FINL GROUP INC COM 78408D105 1,904 171,000 SH   SOLE   171,000 0 0
SHORE BANCSHARES INC COM 825107105 6,179 569,000 SH   SOLE   569,000 0 0
SILVERGATE CAP CORP CL A 82837P408 9,362 1,015,000 SH   SOLE   1,015,000 0 0
SOUND FINL BANCORP INC COM 83607A100 4,589 218,000 SH   SOLE   218,000 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 4,375 282,000 SH   SOLE   282,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 15,769 650,000 SH   SOLE   650,000 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 4,085 395,000 SH   SOLE   395,000 0 0
UNITED BANKSHARES INC WEST V COM 909907107 2,926 127,000 SH   SOLE   127,000 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 1,866 114,000 SH   SOLE   114,000 0 0
VERITEX HLDGS INC COM 923451108 42,135 3,016,000 SH   SOLE   3,016,000 0 0
WELLESLEY BANCORP INC COM 949485106 6,124 222,000 SH   SOLE   222,000 0 0
WINTRUST FINL CORP COM 97650W108 11,034 336,000 SH   SOLE   336,000 0 0
ZIONS BANCORPORATION N A COM 989701107 1,043 39,000 SH   SOLE   39,000 0 0