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
ALLEGIANCE BANCSHARES INC COM 01748H107 6,061 182,000 SH   SOLE   182,000 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 19,650 507,000 SH   SOLE   507,000 0 0
AMERIPRISE FINL INC COM 03076C106 255 2,000 SH   SOLE   2,000 0 0
AMERIS BANCORP COM 03076K108 25,751 657,000 SH   SOLE   657,000 0 0
APOLLO INVT CORP COM NEW 03761U502 606 38,000 SH   SOLE   38,000 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 23,666 670,000 SH   SOLE   670,000 0 0
BANK7 CORP COM 06652N107 6,462 349,000 SH   SOLE   349,000 0 0
BAYCOM CORP COM 07272M107 9,314 425,000 SH   SOLE   425,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 438 28,000 SH   SOLE   28,000 0 0
BYLINE BANCORP INC COM 124411109 5,444 285,000 SH   SOLE   285,000 0 0
CAPITAL BANCORP INC MD COM 139737100 6,524 530,000 SH   SOLE   530,000 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 339 15,000 SH   SOLE   15,000 0 0
CARTER BK & TR MARTINSVILLE COM 146102108 29,214 1,479,000 SH   SOLE   1,479,000 0 0
CENTERSTATE BK CORP COM 15201P109 11,490 499,000 SH   SOLE   499,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 9,971 920,000 SH   SOLE   920,000 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 3,578 159,000 SH   SOLE   159,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 9,069 586,000 SH   SOLE   586,000 0 0
CODORUS VY BANCORP INC COM 192025104 900 39,000 SH   SOLE   39,000 0 0
COWEN INC CL A NEW 223622606 2,104 122,000 SH   SOLE   122,000 0 0
DNB FINL CORP COM 233237106 10,204 229,000 SH   SOLE   229,000 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 2,271 55,000 SH   SOLE   55,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 11,221 421,000 SH   SOLE   421,000 0 0
ESSENT GROUP LTD COM G3198U102 2,569 55,000 SH   SOLE   55,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 17,192 456,000 SH   SOLE   456,000 0 0
EXANTAS CAP CORP COM NEW 30068N105 3,003 266,000 SH   SOLE   266,000 0 0
FFBW INC COM 30258M107 261 25,000 SH   SOLE   25,000 0 0
FIFTH THIRD BANCORP COM 316773100 235 8,000 SH   SOLE   8,000 0 0
FIRST FINL BANCORP OH COM 320209109 1,116 46,000 SH   SOLE   46,000 0 0
FIRST HAWAIIAN INC COM 32051X108 18,655 721,000 SH   SOLE   721,000 0 0
FIRST INTERNET BANCORP COM 320557101 1,797 83,000 SH   SOLE   83,000 0 0
FIRST MID BANCSHARES INC COM 320866106 2,385 68,000 SH   SOLE   68,000 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 3,190 156,000 SH   SOLE   156,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 8,344 139,000 SH   SOLE   139,000 0 0
FIRST WESTN FINL INC COM 33751L105 5,631 425,000 SH   SOLE   425,000 0 0
FVCBANKCORP INC COM 36120Q101 3,885 200,000 SH   SOLE   200,000 0 0
GERMAN AMERN BANCORP INC COM 373865104 3,912 130,000 SH   SOLE   130,000 0 0
GREAT AJAX CORP COM 38983D300 1,560 111,000 SH   SOLE   111,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 10,229 440,000 SH   SOLE   440,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 4,547 170,000 SH   SOLE   170,000 0 0
HOME BANCORP INC COM 43689E107 29,062 755,000 SH   SOLE   755,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 4,039 121,000 SH   SOLE   121,000 0 0
HOPFED BANCORP INC COM 439734104 10,638 561,000 SH   SOLE   561,000 0 0
IBERIABANK CORP COM 450828108 9,311 123,000 SH   SOLE   123,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 13,141 603,000 SH   SOLE   603,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 53,562 975,000 SH   SOLE   975,000 0 0
INVESTAR HLDG CORP COM 46134L105 4,926 207,000 SH   SOLE   207,000 0 0
LADDER CAP CORP CL A 505743104 2,415 145,000 SH   SOLE   145,000 0 0
LEVEL ONE BANCORP INC COM 52730D208 3,883 155,000 SH   SOLE   155,000 0 0
MACKINAC FINL CORP COM 554571109 7,546 478,000 SH   SOLE   478,000 0 0
MALVERN BANCORP INC COM 561409103 15,374 699,000 SH   SOLE   699,000 0 0
MBT FINL CORP COM 578877102 3,806 380,000 SH   SOLE   380,000 0 0
MERIDIAN CORPORATION COM 58958P104 4,338 257,000 SH   SOLE   257,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 32,399 1,213,000 SH   SOLE   1,213,000 0 0
MIDSOUTH BANCORP INC COM 598039105 18,779 1,585,000 SH   SOLE   1,585,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 11,700 418,000 SH   SOLE   418,000 0 0
MUTUALFIRST FINL INC COM 62845B104 8,949 263,000 SH   SOLE   263,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 17,865 492,000 SH   SOLE   492,000 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 201 37,000 SH   SOLE   37,000 0 0
OCEANFIRST FINL CORP COM 675234108 47,129 1,897,000 SH   SOLE   1,897,000 0 0
OLD NATL BANCORP IND COM 680033107 7,024 423,000 SH   SOLE   423,000 0 0
OLD POINT FINL CORP COM 680194107 8,250 374,000 SH   SOLE   374,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 11,266 882,000 SH   SOLE   882,000 0 0
ONEMAIN HLDGS INC COM 68268W103 1,977 58,000 SH   SOLE   58,000 0 0
OPUS BK IRVINE CALIF COM 684000102 19,412 920,000 SH   SOLE   920,000 0 0
OTTAWA BANCORP INC COM 689195105 1,262 97,000 SH   SOLE   97,000 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 10,274 1,245,000 SH   SOLE   1,245,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 39,408 1,276,000 SH   SOLE   1,276,000 0 0
PB BANCORP INC COM 70454T100 2,200 186,000 SH   SOLE   186,000 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 43,059 749,000 SH   SOLE   749,000 0 0
PROVIDENT BANCORP INC COM 74383X109 15,404 550,000 SH   SOLE   550,000 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 223 3,000 SH   SOLE   3,000 0 0
RBB BANCORP COM 74930B105 19,033 984,000 SH   SOLE   984,000 0 0
RED RIVER BANCSHARES INC COM 75686R202 1,916 40,000 SH   SOLE   40,000 0 0
REGIONAL MGMT CORP COM 75902K106 1,548 59,000 SH   SOLE   59,000 0 0
RIVERVIEW BANCORP INC COM 769397100 19,238 2,253,000 SH   SOLE   2,253,000 0 0
SB FINL GROUP INC COM 78408D105 3,504 213,000 SH   SOLE   213,000 0 0
SHORE BANCSHARES INC COM 825107105 9,267 567,000 SH   SOLE   567,000 0 0
SOUND FINL BANCORP INC COM 83607A100 6,481 190,000 SH   SOLE   190,000 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 5,593 339,000 SH   SOLE   339,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 22,638 650,000 SH   SOLE   650,000 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 12,496 555,000 SH   SOLE   555,000 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 1,851 88,000 SH   SOLE   88,000 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 262 5,000 SH   SOLE   5,000 0 0
TRISTATE CAP HLDGS INC COM 89678F100 8,850 415,000 SH   SOLE   415,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 22,964 2,400,000 SH   SOLE   2,400,000 0 0
UNITED FINL BANCORP INC NEW COM 910304104 69,891 4,929,000 SH   SOLE   4,929,000 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 9,945 379,000 SH   SOLE   379,000 0 0
VERITEX HLDGS INC COM 923451108 87,008 3,353,000 SH   SOLE   3,353,000 0 0
WCF BANCORP INC COM 92940L103 357 44,000 SH   SOLE   44,000 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 818 88,000 SH   SOLE   88,000 0 0