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
ATLANTIC CAP BANCSHARES INC COM 048269203 367 32,300 SH   SOLE   32,300 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 4,716 466,503 SH   SOLE   466,503 0 0
BOSTON PRIVATE FINL HLDGS IN COM 101119105 215 39,000 SH   SOLE   39,000 0 0
CADENCE BANCORPORATION CL A 12739A100 360 41,935 SH   SOLE   41,935 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 7,664 1,112,364 SH   SOLE   1,112,364 0 0
CODORUS VY BANCORP INC COM 192025104 8,686 663,072 SH   SOLE   663,072 0 0
COLONY BANKCORP INC COM 19623P101 4,338 403,549 SH   SOLE   403,549 0 0
COMERICA INC COM 200340107 218 5,700 SH   SOLE   5,700 0 0
COMMUNITY BANKERS TR CORP COM 203612106 5,194 1,022,421 SH   SOLE   1,022,421 0 0
COMMUNITY FINL CORP MD COM 20368X101 11,714 548,648 SH   SOLE   548,648 0 0
EAGLE BANCORP MONT INC COM 26942G100 764 43,348 SH   SOLE   43,348 0 0
FAUQUIER BANKSHARES INC VA COM 312059108 1,026 67,179 SH   SOLE   67,179 0 0
FIRST BANCSHARES INC MS COM 318916103 2,707 129,100 SH   SOLE   129,100 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 125 20,219 SH   SOLE   20,219 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,861 313,758 SH   SOLE   313,758 0 0
FIRST HORIZON NATL CORP COM 320517105 114 12,100 SH   SOLE   12,100 0 0
FIRST INTERNET BANCORP COM 320557101 390 26,456 SH   SOLE   26,456 0 0
FIRST MERCHANTS CORP COM 320817109 394 17,000 SH   SOLE   17,000 0 0
FIRST MID BANCSHARES INC COM 320866106 455 18,231 SH   SOLE   18,231 0 0
FIRST NATL CORP COM 32106V107 6,053 428,701 SH   SOLE   428,701 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 1,516 27,897 SH   SOLE   27,897 0 0
F N B CORP COM 302520101 109 16,100 SH   SOLE   16,100 0 0
FS BANCORP INC COM 30263Y104 1,622 39,570 SH   SOLE   39,570 0 0
GREAT WESTN BANCORP INC COM 391416104 1,261 101,299 SH   SOLE   101,299 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 1,166 62,000 SH   SOLE   62,000 0 0
HERITAGE COMM CORP COM 426927109 1,272 191,100 SH   SOLE   191,100 0 0
HMN FINL INC COM 40424G108 6,417 483,899 SH   SOLE   483,899 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,364 100,433 SH   SOLE   100,433 0 0
HOWARD BANCORP INC COM 442496105 3,268 363,893 SH   SOLE   363,893 0 0
INVESTAR HLDG CORP COM 46134L105 229 17,895 SH   SOLE   17,895 0 0
MACKINAC FINL CORP COM 554571109 107 11,121 SH   SOLE   11,121 0 0
MALVERN BANCORP INC COM 561409103 2,069 175,381 SH   SOLE   175,381 0 0
OLD POINT FINL CORP COM 680194107 1,554 102,597 SH   SOLE   102,597 0 0
OLD SECOND BANCORP INC ILL COM 680277100 150 20,000 SH   SOLE   20,000 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 7,608 2,045,178 SH   SOLE   2,045,178 0 0
PLUMAS BANCORP COM 729273102 4,439 225,549 SH   SOLE   225,549 0 0
SELECT BANCORP INC NEW COM 81617L108 5,185 721,193 SH   SOLE   721,193 0 0
SEVERN BANCORP INC ANNAPOLIS COM 81811M100 5,948 916,508 SH   SOLE   916,508 0 0
SHORE BANCSHARES INC COM 825107105 13,720 1,249,545 SH   SOLE   1,249,545 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 216 8,925 SH   SOLE   8,925 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 686 79,000 SH   SOLE   79,000 0 0
SUMMIT FINL GROUP INC COM 86606G101 232 15,636 SH   SOLE   15,636 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 279 17,000 SH   SOLE   17,000 0 0
UNITED BANKSHARES INC WEST V COM 909907107 560 26,104 SH   SOLE   26,104 0 0