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
ACI WORLDWIDE INC COM 004498101 1,431 53,000 SH   SOLE   53,000 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 9,609 384,000 SH   SOLE   384,000 0 0
AMERIS BANCORP COM 03076K108 34,055 1,444,000 SH   SOLE   1,444,000 0 0
ANNALY CAPITAL MANAGEMENT IN COM 035710409 1,638 250,000 SH   SOLE   250,000 0 0
ARCH CAP GROUP LTD ORD G0450A105 326 11,000 SH   SOLE   11,000 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 2,904 125,000 SH   SOLE   125,000 0 0
BANK7 CORP COM 06652N107 5,319 490,000 SH   SOLE   490,000 0 0
BAYCOM CORP COM 07272M107 7,204 558,000 SH   SOLE   558,000 0 0
BERKLEY W R CORP COM 084423102 1,225 21,000 SH   SOLE   21,000 0 0
BGC PARTNERS INC CL A 05541T101 1,394 509,000 SH   SOLE   509,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 15,890 1,576,000 SH   SOLE   1,576,000 0 0
CALIFORNIA BANCORP COM 13005U101 1,996 134,000 SH   SOLE   134,000 0 0
CAMBRIDGE BANCORP COM 132152109 15,761 266,000 SH   SOLE   266,000 0 0
CAPITAL BANCORP INC MD COM 139737100 4,532 424,000 SH   SOLE   424,000 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 3,160 41,000 SH   SOLE   41,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 6,310 920,000 SH   SOLE   920,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 11,539 795,000 SH   SOLE   795,000 0 0
COWEN INC CL A NEW 223622606 1,490 92,000 SH   SOLE   92,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 4,261 244,000 SH   SOLE   244,000 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 4,242 251,000 SH   SOLE   251,000 0 0
ESSA BANCORP INC COM 29667D104 2,676 192,000 SH   SOLE   192,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 11,307 486,000 SH   SOLE   486,000 0 0
F N B CORP COM 302520101 19,036 2,538,000 SH   SOLE   2,538,000 0 0
FIFTH THIRD BANCORP COM 316773100 295 15,000 SH   SOLE   15,000 0 0
FIRST FINL CORP IND COM 320218100 250 7,000 SH   SOLE   7,000 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 2,080 156,000 SH   SOLE   156,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 5,020 116,000 SH   SOLE   116,000 0 0
FIRST WESTN FINL INC COM 33751L105 7,552 530,000 SH   SOLE   530,000 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 185 14,000 SH   SOLE   14,000 0 0
GREEN BRICK PARTNERS INC COM 392709101 215 18,000 SH   SOLE   18,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 6,557 430,000 SH   SOLE   430,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 3,821 194,000 SH   SOLE   194,000 0 0
HBT FINL INC. COM 404111106 5,284 396,000 SH   SOLE   396,000 0 0
HERCULES CAPITAL INC COM 427096508 1,414 135,000 SH   SOLE   135,000 0 0
HERITAGE COMMERCE CORP COM 426927109 2,564 342,000 SH   SOLE   342,000 0 0
HOME BANCORP INC COM 43689E107 18,974 709,000 SH   SOLE   709,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 2,875 112,000 SH   SOLE   112,000 0 0
IBERIABANK CORP COM 450828108 8,575 188,000 SH   SOLE   188,000 0 0
INDEPENDENT BK CORP MICH COM NEW 453838609 20,702 1,394,000 SH   SOLE   1,394,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 65,941 1,627,000 SH   SOLE   1,627,000 0 0
INVESTAR HLDG CORP COM 46134L105 2,995 207,000 SH   SOLE   207,000 0 0
KKR & CO INC COM 48251W104 262 8,000 SH   SOLE   8,000 0 0
LIMESTONE BANCORP INC COM 53262L105 285 22,000 SH   SOLE   22,000 0 0
MACKINAC FINL CORP COM 554571109 4,562 440,000 SH   SOLE   440,000 0 0
MALVERN BANCORP INC COM 561409103 8,712 684,000 SH   SOLE   684,000 0 0
MERIDIAN BK PAOLI PA COM 58958P104 767 48,000 SH   SOLE   48,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 22,209 1,486,000 SH   SOLE   1,486,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 6,287 314,000 SH   SOLE   314,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 13,288 492,000 SH   SOLE   492,000 0 0
NMI HLDGS INC CL A 629209305 217 14,000 SH   SOLE   14,000 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 1,195 267,000 SH   SOLE   267,000 0 0
OCEANFIRST FINL CORP COM 675234108 47,866 2,715,000 SH   SOLE   2,715,000 0 0
OLD POINT FINL CORP COM 680194107 7,456 489,000 SH   SOLE   489,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 9,780 1,257,000 SH   SOLE   1,257,000 0 0
ONEMAIN HLDGS INC COM 68268W103 1,211 49,000 SH   SOLE   49,000 0 0
OTTAWA BANCORP INC COM 689195105 938 90,000 SH   SOLE   90,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 28,352 1,308,000 SH   SOLE   1,308,000 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 1,603 38,000 SH   SOLE   38,000 0 0
PIONEER BANCORP INC COM 723561106 8,262 903,000 SH   SOLE   903,000 0 0
PREMIER FINANCIAL CORP COM 74052F108 16,254 920,000 SH   SOLE   920,000 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 258 2,000 SH   SOLE   2,000 0 0
RIVERVIEW BANCORP INC COM 769397100 12,724 2,252,000 SH   SOLE   2,252,000 0 0
SB FINL GROUP INC COM 78408D105 2,846 171,000 SH   SOLE   171,000 0 0
SHORE BANCSHARES INC COM 825107105 6,199 559,000 SH   SOLE   559,000 0 0
SILVERGATE CAP CORP CL A 82837P408 14,215 1,015,000 SH   SOLE   1,015,000 0 0
SOUND FINL BANCORP INC COM 83607A100 5,274 218,000 SH   SOLE   218,000 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 3,623 254,000 SH   SOLE   254,000 0 0
SOUTH ST CORP COM 840441109 4,808 101,000 SH   SOLE   101,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 15,788 650,000 SH   SOLE   650,000 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 2,232 181,000 SH   SOLE   181,000 0 0
STARWOOD PPTY TR INC COM 85571B105 1,237 83,000 SH   SOLE   83,000 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 1,845 114,000 SH   SOLE   114,000 0 0
VERITEX HLDGS INC COM 923451108 51,812 2,927,000 SH   SOLE   2,927,000 0 0
WINTRUST FINL CORP COM 97650W108 19,760 453,000 SH   SOLE   453,000 0 0