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
AFFINITY BANCSHARES INC COM 00832E103 2,645 188,000 SH   SOLE   188,000 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 13,363 404,000 SH   SOLE   404,000 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 1,564 30,000 SH   SOLE   30,000 0 0
BANC OF CALIFORNIA INC COM 05990K106 23,181 1,254,000 SH   SOLE   1,254,000 0 0
BANK7 CORP COM 06652N107 10,316 482,000 SH   SOLE   482,000 0 0
BANKFINANCIAL CORP COM 06643P104 10,501 915,000 SH   SOLE   915,000 0 0
BANNER CORP COM NEW 06652V208 8,979 163,000 SH   SOLE   163,000 0 0
BAYCOM CORP COM 07272M107 3,875 208,000 SH   SOLE   208,000 0 0
BRIGHTSPIRE CAPITAL INC COM CL A 10949T109 1,419 151,000 SH   SOLE   151,000 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,002 19,000 SH   SOLE   19,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 35,561 2,330,000 SH   SOLE   2,330,000 0 0
CAMBRIDGE BANCORP COM 132152109 18,921 215,000 SH   SOLE   215,000 0 0
CBTX INC COM 12481V104 35,600 1,350,000 SH   SOLE   1,350,000 0 0
CHEMUNG FINL CORP COM 164024101 15,824 349,000 SH   SOLE   349,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 13,084 952,000 SH   SOLE   952,000 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 4,124 178,000 SH   SOLE   178,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 13,424 421,000 SH   SOLE   421,000 0 0
COMMUNITY WEST BANCSHARES COM 204157101 1,218 93,000 SH   SOLE   93,000 0 0
EASTERN BANKSHARES INC COM 27627N105 57,677 2,841,000 SH   SOLE   2,841,000 0 0
ENACT HLDGS INC COM 29249E109 812 37,000 SH   SOLE   37,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 33,396 1,000,000 SH   SOLE   1,000,000 0 0
ESSA BANCORP INC COM 29667D104 16,526 1,002,000 SH   SOLE   1,002,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 20,410 533,000 SH   SOLE   533,000 0 0
FARMERS NATIONAL BANC CORP COM 309627107 572 36,000 SH   SOLE   36,000 0 0
FIRST BANCORP P R COM NEW 318672706 15,560 1,183,000 SH   SOLE   1,183,000 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 2,300 121,000 SH   SOLE   121,000 0 0
FIRST SVGS FINL GROUP INC COM 33621E109 9,467 339,000 SH   SOLE   339,000 0 0
FIRST WESTN FINL INC COM 33751L105 10,653 369,000 SH   SOLE   369,000 0 0
FISERV INC COM 337738108 1,716 16,000 SH   SOLE   16,000 0 0
FLUSHING FINL CORP COM 343873105 4,030 178,000 SH   SOLE   178,000 0 0
FS KKR CAP CORP COM 302635206 1,140 52,000 SH   SOLE   52,000 0 0
GENERATIONS BANCORP NY INC COM 37149G108 1,054 92,000 SH   SOLE   92,000 0 0
GREAT SOUTHN BANCORP INC COM 390905107 10,530 192,000 SH   SOLE   192,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 10,341 430,000 SH   SOLE   430,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 1,539 66,000 SH   SOLE   66,000 0 0
HERITAGE COMM CORP COM 426927109 23,440 2,015,000 SH   SOLE   2,015,000 0 0
HMN FINL INC COM 40424G108 6,702 286,000 SH   SOLE   286,000 0 0
HOME BANCORP INC COM 43689E107 24,539 634,000 SH   SOLE   634,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 4,214 223,000 SH   SOLE   223,000 0 0
HOMETRUST BANCSHARES INC COM 437872104 25,468 910,000 SH   SOLE   910,000 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 1,079 27,000 SH   SOLE   27,000 0 0
INDEPENDENT BK CORP MICH COM NEW 453838609 32,215 1,500,000 SH   SOLE   1,500,000 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 1,471 24,000 SH   SOLE   24,000 0 0
INVESTAR HLDG CORP COM 46134L105 450 20,000 SH   SOLE   20,000 0 0
KALEYRA INC COM 483379103 911 83,000 SH   SOLE   83,000 0 0
LAKELAND BANCORP INC COM 511637100 54,638 3,099,000 SH   SOLE   3,099,000 0 0
LENNAR CORP CL A 526057104 878 9,000 SH   SOLE   9,000 0 0
LIMESTONE BANCORP INC COM 53262L105 3,842 214,000 SH   SOLE   214,000 0 0
M/I HOMES INC COM 55305B101 1,227 21,000 SH   SOLE   21,000 0 0
MERCHANTS BANCORP IND COM 58844R108 574 15,000 SH   SOLE   15,000 0 0
METLIFE INC COM 59156R108 1,343 22,000 SH   SOLE   22,000 0 0
METROPOLITAN BK HLDG CORP COM 591774104 12,805 152,000 SH   SOLE   152,000 0 0
MID PENN BANCORP INC COM 59540G107 14,614 530,000 SH   SOLE   530,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 31,922 1,291,000 SH   SOLE   1,291,000 0 0
MR COOPER GROUP INC COM 62482R107 1,144 28,000 SH   SOLE   28,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 6,561 162,000 SH   SOLE   162,000 0 0
OLD POINT FINL CORP COM 680194107 10,883 512,000 SH   SOLE   512,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 28,264 2,164,000 SH   SOLE   2,164,000 0 0
ORANGE CNTY BANCORP INC COM 68417L107 5,354 152,000 SH   SOLE   152,000 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 13,517 1,468,000 SH   SOLE   1,468,000 0 0
PACWEST BANCORP DEL COM 695263103 32,636 720,000 SH   SOLE   720,000 0 0
PAYA HOLDINGS INC COM CL A 70434P103 1,493 137,000 SH   SOLE   137,000 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 19,933 598,000 SH   SOLE   598,000 0 0
PENNANTPARK INVT CORP COM 708062104 992 153,000 SH   SOLE   153,000 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 1,279 21,000 SH   SOLE   21,000 0 0
PIONEER BANCORP INC MD COM 723561106 25,448 2,013,000 SH   SOLE   2,013,000 0 0
PJT PARTNERS INC COM CL A 69343T107 1,148 15,000 SH   SOLE   15,000 0 0
PREMIER FINANCIAL CORP COM 74052F108 28,764 903,000 SH   SOLE   903,000 0 0
PROFESSIONAL HLDG CORP CL A COM 743139107 5,738 305,000 SH   SOLE   305,000 0 0
PROVIDENT FINL HLDGS INC COM 743868101 4,894 290,000 SH   SOLE   290,000 0 0
QCR HOLDINGS INC COM 74727A104 13,924 271,000 SH   SOLE   271,000 0 0
RANDOLPH BANCORP INC COM 752378109 11,703 542,000 SH   SOLE   542,000 0 0
RBB BANCORP COM 74930B105 29,749 1,180,000 SH   SOLE   1,180,000 0 0
REDWOOD TR INC COM 758075402 1,159 90,000 SH   SOLE   90,000 0 0
RICHMOND MUT BANCORPORATION COM 76525P100 169 11,000 SH   SOLE   11,000 0 0
RIVERVIEW BANCORP INC COM 769397100 15,802 2,174,000 SH   SOLE   2,174,000 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 4,670 357,000 SH   SOLE   357,000 0 0
SALISBURY BANCORP INC COM 795226109 9,313 180,000 SH   SOLE   180,000 0 0
SEVERN BANCORP INC ANNAPOLIS COM 81811M100 2,627 210,000 SH   SOLE   210,000 0 0
SHORE BANCSHARES INC COM 825107105 16,849 950,000 SH   SOLE   950,000 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 1,120 4,000 SH   SOLE   4,000 0 0
SOUND FINL BANCORP INC COM 83607A100 9,814 218,000 SH   SOLE   218,000 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 30,738 575,000 SH   SOLE   575,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 15,770 351,000 SH   SOLE   351,000 0 0
SPDR SER TR S&P REGL BKG 78464A698 11,918 58,000 PRN Put SOLE   58,000 0 0
STERLING BANCORP INC COM 85917W102 13,658 2,647,000 SH   SOLE   2,647,000 0 0
STEWART INFORMATION SVCS COR COM 860372101 1,649 26,000 SH   SOLE   26,000 0 0
TCG BDC INC COM 872280102 1,222 91,000 SH   SOLE   91,000 0 0
TPG RE FIN TR INC COM 87266M107 1,341 108,000 SH   SOLE   108,000 0 0
TRINITY CAP INC COM 896442308 908 56,000 SH   SOLE   56,000 0 0
UNITED SEC BANCSHARES CALIF COM 911460103 4,914 615,000 SH   SOLE   615,000 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 14,538 531,000 SH   SOLE   531,000 0 0
VERITEX HLDGS INC COM 923451108 100,384 2,550,000 SH   SOLE   2,550,000 0 0
WINTRUST FINL CORP COM 97650W108 10,024 125,000 SH   SOLE   125,000 0 0