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 1,385 53,000 SH   SOLE   53,000 0 0
ALLEGHANY CORP DEL COM 017175100 1,483 3,000 SH   SOLE   3,000 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 1,419 21,000 SH   SOLE   21,000 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 8,028 384,000 SH   SOLE   384,000 0 0
AMERIS BANCORP COM 03076K108 34,892 1,532,000 SH   SOLE   1,532,000 0 0
ANNALY CAPITAL MANAGEMENT IN COM 035710409 1,535 216,000 SH   SOLE   216,000 0 0
ARCH CAP GROUP LTD ORD G0450A105 428 15,000 SH   SOLE   15,000 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 5,590 262,000 SH   SOLE   262,000 0 0
BANK7 CORP COM 06652N107 4,606 490,000 SH   SOLE   490,000 0 0
BANNER CORP COM NEW 06652V208 3,532 109,000 SH   SOLE   109,000 0 0
BAYCOM CORP COM 07272M107 5,748 558,000 SH   SOLE   558,000 0 0
BGC PARTNERS INC CL A 05541T101 1,566 652,000 SH   SOLE   652,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 15,636 1,809,000 SH   SOLE   1,809,000 0 0
BYLINE BANCORP INC COM 124411109 1,123 100,000 SH   SOLE   100,000 0 0
CAMBRIDGE BANCORP COM 132152109 14,171 267,000 SH   SOLE   267,000 0 0
CAPITAL BANCORP INC MD COM 139737100 2,634 278,000 SH   SOLE   278,000 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 2,673 41,000 SH   SOLE   41,000 0 0
CENTURY CMNTYS INC COM 156504300 1,610 38,000 SH   SOLE   38,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 6,337 920,000 SH   SOLE   920,000 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 606 48,000 SH   SOLE   48,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 9,735 795,000 SH   SOLE   795,000 0 0
EQUITABLE HLDGS INC COM 29452E101 1,410 77,000 SH   SOLE   77,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 3,100 200,000 SH   SOLE   200,000 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 1,520 101,000 SH   SOLE   101,000 0 0
ESSA BANCORP INC COM 29667D104 2,371 192,000 SH   SOLE   192,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 10,927 491,000 SH   SOLE   491,000 0 0
F N B CORP COM 302520101 27,858 4,109,000 SH   SOLE   4,109,000 0 0
FIFTH THIRD BANCORP COM 316773100 254 12,000 SH   SOLE   12,000 0 0
FINTECH ACQUISITION CORP III COM CL A 31811A101 1,439 140,000 SH   SOLE   140,000 0 0
FIRST FINL CORP IND COM 320218100 213 7,000 SH   SOLE   7,000 0 0
FIRST HORIZON NATL CORP COM 320517105 9,902 1,050,000 SH   SOLE   1,050,000 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 1,680 156,000 SH   SOLE   156,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 6,433 118,000 SH   SOLE   118,000 0 0
FIRST WESTN FINL INC COM 33751L105 6,407 495,000 SH   SOLE   495,000 0 0
FISERV INC COM 337738108 397 4,000 SH   SOLE   4,000 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 1,145 39,000 SH   SOLE   39,000 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 244 14,000 SH   SOLE   14,000 0 0
GREAT AJAX CORP COM 38983D300 306 37,000 SH   SOLE   37,000 0 0
GREAT WESTN BANCORP INC COM 391416104 16,497 1,325,000 SH   SOLE   1,325,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 6,025 430,000 SH   SOLE   430,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 3,533 187,000 SH   SOLE   187,000 0 0
HBT FINL INC. COM 404111106 2,021 180,000 SH   SOLE   180,000 0 0
HERCULES CAPITAL INC COM 427096508 1,440 124,000 SH   SOLE   124,000 0 0
HMN FINL INC COM 40424G108 2,917 220,000 SH   SOLE   220,000 0 0
HOME BANCORP INC COM 43689E107 17,130 709,000 SH   SOLE   709,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 2,574 112,000 SH   SOLE   112,000 0 0
INDEPENDENT BK CORP MICH COM NEW 453838609 20,717 1,648,000 SH   SOLE   1,648,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 61,138 1,384,000 SH   SOLE   1,384,000 0 0
JAMES RIV GROUP LTD COM G5005R107 1,328 30,000 SH   SOLE   30,000 0 0
KEARNY FINL CORP MD COM 48716P108 1,788 248,000 SH   SOLE   248,000 0 0
KKR & CO INC COM 48251W104 218 6,000 SH   SOLE   6,000 0 0
LIMESTONE BANCORP INC COM 53262L105 1,174 112,000 SH   SOLE   112,000 0 0
MACKINAC FINL CORP COM 554571109 4,206 436,000 SH   SOLE   436,000 0 0
MFA FINL INC COM 55272X102 1,969 735,000 SH   SOLE   735,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 16,182 1,259,000 SH   SOLE   1,259,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 6,685 374,000 SH   SOLE   374,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 12,919 492,000 SH   SOLE   492,000 0 0
NETFIN ACQUISITION CORP SHS CL A G6455A107 2,495 241,000 SH   SOLE   241,000 0 0
OCEANFIRST FINL CORP COM 675234108 36,236 2,647,000 SH   SOLE   2,647,000 0 0
OLD POINT FINL CORP COM 680194107 7,407 489,000 SH   SOLE   489,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 11,626 1,551,000 SH   SOLE   1,551,000 0 0
ONEMAIN HLDGS INC COM 68268W103 1,128 36,000 SH   SOLE   36,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 23,647 1,174,000 SH   SOLE   1,174,000 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 225 4,000 SH   SOLE   4,000 0 0
PIONEER BANCORP INC COM 723561106 9,234 1,040,000 SH   SOLE   1,040,000 0 0
PNC FINL SVCS GROUP INC COM 693475105 242 2,000 SH   SOLE   2,000 0 0
PREMIER FINANCIAL CORP COM 74052F108 18,437 1,184,000 SH   SOLE   1,184,000 0 0
PROFESSIONAL HLDG CORP CL A COM 743139107 3,851 305,000 SH   SOLE   305,000 0 0
RANDOLPH BANCORP INC COM 752378109 812 65,000 SH   SOLE   65,000 0 0
RIVERVIEW BANCORP INC COM 769397100 9,222 2,222,000 SH   SOLE   2,222,000 0 0
SB FINL GROUP INC COM 78408D105 1,801 134,000 SH   SOLE   134,000 0 0
SELECT BANCORP INC NEW COM 81617L108 1,800 250,000 SH   SOLE   250,000 0 0
SHORE BANCSHARES INC COM 825107105 6,138 559,000 SH   SOLE   559,000 0 0
SILVERGATE CAP CORP CL A 82837P408 15,767 1,095,000 SH   SOLE   1,095,000 0 0
SIXTH STREET SPECIALTY LENDN COM 83012A109 270 16,000 SH   SOLE   16,000 0 0
SOUND FINL BANCORP INC COM 83607A100 6,471 218,000 SH   SOLE   218,000 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 3,158 254,000 SH   SOLE   254,000 0 0
SOUTH ST CORP COM 840441109 5,597 116,000 SH   SOLE   116,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 15,320 650,000 SH   SOLE   650,000 0 0
TRIUMPH BANCORP INC COM 89679E300 1,477 47,000 SH   SOLE   47,000 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 1,207 84,000 SH   SOLE   84,000 0 0
VERITEX HLDGS INC COM 923451108 55,461 3,257,000 SH   SOLE   3,257,000 0 0
WALKER & DUNLOP INC COM 93148P102 1,841 35,000 SH   SOLE   35,000 0 0
WESBANCO INC COM 950810101 3,718 174,000 SH   SOLE   174,000 0 0
WINTRUST FINL CORP COM 97650W108 10,167 254,000 SH   SOLE   254,000 0 0