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
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 1,465 51,861 SH   SOLE NONE 51,861 0 0
ATHENE HLDG LTD CL A G0684D107 7,033 172,380 SH   SOLE NONE 36,445 0 135,935
BANK AMER CORP COM 060505104 1,512 54,812 SH   SOLE NONE 0 0 54,812
BUSINESS FIRST BANCSHARES IN COM 12326C105 9,529 388,305 SH   SOLE NONE 388,305 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 16,365 1,587,315 SH   SOLE NONE 1,587,315 0 0
BYLINE BANCORP INC COM 124411109 27,645 1,495,920 SH   SOLE NONE 963,801 0 532,119
COASTAL FINL CORP WA COM NEW 19046P209 2,302 135,507 SH   SOLE NONE 135,507 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 15,529 788,261 SH   SOLE NONE 456,005 0 332,256
CYRUSONE INC COM 23283R100 15,158 289,046 SH   SOLE NONE 42,013 0 247,033
CENTERSTATE BK CORP COM 15201P109 16,209 680,761 SH   SOLE NONE 60,871 0 619,890
FIRST BANCSHARES INC MS COM 318916103 2,200 71,198 SH   SOLE NONE 71,198 0 0
FGL HLDGS ORD SHS G3402M102 7,963 1,011,857 SH   SOLE NONE 70,442 0 941,415
FIRST MID ILL BANCSHARES INC COM 320866106 2,245 67,380 SH   SOLE NONE 67,380 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 22,435 1,096,515 SH   SOLE NONE 399,598 0 696,917
FVCBANKCORP INC COM 36120Q101 5,822 344,311 SH   SOLE NONE 344,311 0 0
HAWTHORN BANCSHARES INC COM 420476103 10,001 430,351 SH   SOLE NONE 430,351 0 0
INTERXION HOLDING N.V SHS N47279109 16,741 250,875 SH   SOLE NONE 39,065 0 211,810
INVESTORS REAL ESTATE TR SH BEN INT 461730509 8,369 139,688 SH   SOLE NONE 19,760 0 119,928
JPMORGAN CHASE & CO COM 46625H100 22,416 221,433 SH   SOLE NONE 7,767 0 213,666
KKR & CO INC CL A 48251W104 3,844 163,663 SH   SOLE NONE 0 0 163,663
LEVEL ONE BANCORP INC COM 52730D208 5,818 250,110 SH   SOLE NONE 250,110 0 0
MERCHANTS BANCORP IND COM 58844R108 813 37,792 SH   SOLE NONE 37,792 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 30,873 1,283,176 SH   SOLE NONE 876,861 0 406,315
MVB FINANCIAL CORP COM 553810102 1,414 92,699 SH   SOLE NONE 92,699 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 3,692 319,084 SH   SOLE NONE 319,084 0 0
ORIGIN BANCORP INC COM 68621T102 8,088 237,527 SH   SOLE NONE 232,668 0 4,859
OCEANFIRST FINL CORP COM 675234108 28,196 1,171,919 SH   SOLE NONE 392,398 0 779,521
OLD LINE BANCSHARES INC COM 67984M100 2,793 112,022 SH   SOLE NONE 112,022 0 0
OPUS BK IRVINE CALIF COM 684000102 17,156 866,446 SH   SOLE NONE 284,145 0 582,301
ORRSTOWN FINL SVCS INC COM 687380105 7,059 379,716 SH   SOLE NONE 379,716 0 0
PACWEST BANCORP DEL COM 695263103 480 12,750 SH   SOLE NONE 0 0 12,750
PACIFIC MERCANTILE BANCORP COM 694552100 16,497 2,164,960 SH   SOLE NONE 2,164,960 0 0
PNC FINL SVCS GROUP INC COM 693475105 23,791 193,960 SH   SOLE NONE 23,270 0 170,690
PACIFIC PREMIER BANCORP COM 69478X105 6,265 236,165 SH   SOLE NONE 38,197 0 197,968
QCR HOLDINGS INC COM 74727A104 23,101 681,035 SH   SOLE NONE 387,147 0 293,888
SIGNATURE BK NEW YORK N Y COM 82669G104 24,069 187,935 SH   SOLE NONE 27,061 0 160,874
SVB FINL GROUP COM 78486Q101 9,513 42,782 SH   SOLE NONE 5,186 0 37,596
TOWNEBANK PORTSMOUTH VA COM 89214P109 2,640 106,651 SH   SOLE NONE 0 0 106,651
UMPQUA HLDGS CORP COM 904214103 4,882 295,864 SH   SOLE NONE 57,064 0 238,800
UNIVEST FINANCIAL CORPORATIO COM 915271100 25,760 1,053,145 SH   SOLE NONE 423,340 0 629,805
VERITEX HLDGS INC COM 923451108 25,498 1,052,765 SH   SOLE NONE 423,706 0 629,059
WESTERN ALLIANCE BANCORP COM 957638109 32,273 786,382 SH   SOLE NONE 335,632 0 450,750
WEX INC COM 96208T104 11,478 59,785 SH   SOLE NONE 9,178 0 50,607
WSFS FINL CORP COM 929328102 14,848 384,662 SH   SOLE NONE 62,743 0 321,919
ZIONS BANCORPORATION N A COM 989701107 28,106 618,949 SH   SOLE NONE 178,666 0 440,283