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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Bridgewater Bancshares, Inc. Common 108621103   597 63,009 SH   SOLE   63,009 0 0
Byline Bancorp, Inc. Common 124411109   7,300 370,373 SH   SOLE   370,373 0 0
CNB Financial Corporation Common 126128107   9,004 497,188 SH   SOLE   497,188 0 0
Cambridge Bancorp Common 132152109   5,166 82,928 SH   SOLE   82,928 0 0
Capital Bancorp, Inc. Common 139737100   710 37,122 SH   SOLE   37,122 0 0
Citizens Community Bancorp, Inc. Common 174903104   8,422 877,327 SH   SOLE   877,327 0 0
Coastal Carolina Bancshares, Inc. Common 190435107   2,933 311,992 SH   SOLE   311,992 0 0
Codorus Valley Bancorp, Inc. Common 192025104   2,110 113,186 SH   SOLE   113,186 0 0
Community First Bancorporation Common 203916101   796 113,744 SH   SOLE   113,744 0 0
Enterprise Bancorp, Inc. Common 293668109   5,153 188,186 SH   SOLE   188,186 0 0
ES Bancshares, Inc. Common 296049109   2,317 410,045 SH   SOLE   410,045 0 0
Fentura Financial, Inc. Common 314645102   8,265 348,149 SH   SOLE   348,149 0 0
First Bancshares, Inc. Common 318916103   1,043 38,677 SH   SOLE   38,677 0 0
First Business Financial Services Common 319390100   13,765 458,694 SH   SOLE   458,694 0 0
1st Capital Bancorp Common 319427100   3,290 325,058 SH   SOLE   325,058 0 0
1st Colonial Bancorp Common 319716106   3,158 253,644 SH   SOLE   253,644 0 0
First Commonwealth Common 319829107   594 48,625 SH   SOLE   48,625 0 0
First Community Corporation Common 319835104   3,631 210,269 SH   SOLE   210,269 0 0
First Farmers and Merchants Corporation Common 320148109   538 20,092 SH   SOLE   20,092 0 0
First Internet Bancorp Common 320557101   6,359 392,313 SH   SOLE   392,313 0 0
First Northern Community Bancorp Common 335925103   8,158 859,651 SH   SOLE   859,651 0 0
Foresight Financial Group, Inc. Common 345526107   3,294 142,598 SH   SOLE   142,598 0 0
Grand River Commerce, Inc. Common 386441109   2,498 675,014 SH   SOLE   675,014 0 0
HBT Financial, Inc. Common 404111106   7,390 405,138 SH   SOLE   405,138 0 0
Hanover Bancorp Inc. Common 410710206   4,132 228,440 SH   SOLE   228,440 0 0
Heritage Commerce Corp Common 426927109   5,354 632,083 SH   SOLE   632,083 0 0
Bank of the James Financial Group, Inc. Common 470299108   719 68,443 SH   SOLE   68,443 0 0
Lakeland Bancorp, Inc. Common 511637100   10,213 809,306 SH   SOLE   809,306 0 0
MVB Financial Corp. Common 553810102   2,022 89,567 SH   SOLE   89,567 0 0
Malaga Financial Corporation Common 561046103   2,238 98,385 SH   SOLE   98,385 0 0
McHenry Bancorp, Inc. Common 580683209   2,205 60,000 SH   SOLE   60,000 0 0
Mercantile Bank Corporation Common 587376104   15,244 493,158 SH   SOLE   493,158 0 0
Merchants Financial Group, Inc. Common 588538108   4,850 194,548 SH   SOLE   194,548 0 0
Metropolitan Bank Holding Corp. Common 591774104   8,441 232,664 SH   SOLE   232,664 0 0
Mountain Commerce Bancorp Common 624004107   9,456 573,095 SH   SOLE   573,095 0 0
Northway Financial, Inc. Common 667270201   2,682 155,038 SH   SOLE   155,038 0 0
Oak Ridge Financial Services, Inc. Common 671768109   951 61,364 SH   SOLE   61,364 0 0
Oak Valley Bancorp Common 671807105   3,468 138,280 SH   SOLE   138,280 0 0
Old Second Bancorp, Inc. Common 680277100   27,918 2,051,310 SH   SOLE   2,051,310 0 0
Oregon Pacific Bancorp Common 686040205   4,163 621,386 SH   SOLE   621,386 0 0
PacWest Bancorp Common 695263103   4,465 564,497 SH   SOLE   564,497 0 0
Peapack-Gladstone Financial Corporation Common 704699107   18,776 731,999 SH   SOLE   731,999 0 0
Peoples Bancorp Inc. Common 709789101   1,296 51,081 SH   SOLE   51,081 0 0
Potomac Bancshares, Inc. Common 737643106   549 33,492 SH   SOLE   33,492 0 0
Riverview Bancorp, Inc. Common 769397100   880 158,344 SH   SOLE   158,344 0 0
West Coast Community Bancorp Common 801827106   14,618 573,267 SH   SOLE   573,267 0 0
Shore Bancshares, Inc. Common 825107105   4,848 460,836 SH   SOLE   460,836 0 0
Silvercrest Asset Management Group Inc. Common 828359109   3,226 203,286 SH   SOLE   203,286 0 0
Southern BancShares (N.C.), Inc. Common 842243107   5,761 1,087 SH   SOLE   1,087 0 0
Southern First Bancshares, Inc. Common 842873101   11,276 418,573 SH   SOLE   418,573 0 0
Southern States Bancshares, Inc. Common 843878307   12,778 565,643 SH   SOLE   565,643 0 0
SouthPoint Bancshares, Inc. Common 844647107   3,236 109,704 SH   SOLE   109,704 0 0
Studio Bank Common 864001102   689 74,074 SH   SOLE   74,074 0 0
Summit State Bank Common 866264203   7,048 439,395 SH   SOLE   439,395 0 0
Tri City Bankshares Corporation Common 895364107   2,288 171,041 SH   SOLE   171,041 0 0
United Security Bankshares Common 911460103   4,198 564,227 SH   SOLE   564,227 0 0
Unity Bancorp, Inc. Common 913290102   23,234 991,614 SH   SOLE   991,614 0 0
Veritex Holdings, Inc. Common 923451108   5,188 289,000 SH   SOLE   289,000 0 0
Virginia National Bankshares Corp. Common 928031103   662 21,808 SH   SOLE   21,808 0 0
W.T.B. Financial Corporation Common 929334209   1,692 6,292 SH   SOLE   6,292 0 0
AMB Financial Corp. Common 001984103   210 10,762 SH   SOLE   10,762 0 0
Alerus Financial Corporation Common 01446U103   10,599 583,022 SH   SOLE   583,022 0 0
Alpine Banks of Colorado Common 020810107   12,634 465,353 SH   SOLE   465,353 0 0
American Business Bank Common 02475L105   18,668 603,363 SH   SOLE   603,363 0 0
American Riviera Bancorp Common 02933K103   6,152 380,946 SH   SOLE   380,946 0 0
Avidbank Holdings, Inc. Common 05368J103   14,832 695,697 SH   SOLE   695,697 0 0
BCB Bancorp, Inc. Common 055298103   852 76,496 SH   SOLE   76,496 0 0
The Bancorp, Inc. Common 05969A105   1,866 54,092 SH   SOLE   54,092 0 0
Bancorp 34, Inc. Common 05970V106   1,357 142,857 SH   SOLE   142,857 0 0
Banc of California, Inc. Common 05990K106   8,386 677,412 SH   SOLE   677,412 0 0
Bank of Botetourt Common 063907208   1,470 49,824 SH   SOLE   49,824 0 0
Bank7 Corp Common 06652N107   8,644 384,000 SH   SOLE   384,000 0 0
Bankwell Financial Group, Inc. Common 06654A103   6,835 281,623 SH   SOLE   281,623 0 0
Bay Community Bancorp Common 072205107   4,590 592,316 SH   SOLE   592,316 0 0
BayFirst Financial Corp. Common 07279B104   1,500 133,593 SH   SOLE   133,593 0 0
Blueharbor Bank Common 095613105   2,304 121,283 SH   SOLE   121,283 0 0
Blue Ridge Bankshares, Inc. Common 095825105   5,096 1,127,414 SH   SOLE   1,127,414 0 0
Business First Bancshares, Inc. Common 12326C105   8,967 478,003 SH   SOLE   478,003 0 0
CNB Corporation Common 12612R105   1,076 14,348 SH   SOLE   14,348 0 0
California BanCorp Common 13005U101   12,255 609,709 SH   SOLE   609,709 0 0
CapStar Financial Holdings, Inc. Common 14070T102   5,583 393,481 SH   SOLE   393,481 0 0
Cashmere Valley Bank Common 14756K102   1,305 29,387 SH   SOLE   29,387 0 0
Chino Commercial Bancorp Common 16957L102   1,155 105,452 SH   SOLE   105,452 0 0
CoastalSouth Bancshares, Inc. Common 19058X207   3,165 214,258 SH   SOLE   214,258 0 0
Colony Bankcorp Inc. Common 19623P101   11,040 1,105,072 SH   SOLE   1,105,072 0 0
Commencement Bancorp, Inc. Common 20051D107   2,911 278,560 SH   SOLE   278,560 0 0
Community Bancorp of Santa Maria Common 20344R103   355 36,600 SH   SOLE   36,600 0 0
Community Heritage Financial Inc. Common 20370L103   3,284 206,558 SH   SOLE   206,558 0 0
ConnectOne Bancorp, Inc. Common 20786W107   11,180 627,006 SH   SOLE   627,006 0 0
Cornerstone Financial Corporation Common 21925G201   1,410 150,000 SH   SOLE   150,000 0 0
CrossFirst Bankshares, Inc. Common 22766M109   16,248 1,610,289 SH   SOLE   1,610,289 0 0
Crystal Valley Financial Common 22941P100   657 11,100 SH   SOLE   11,100 0 0
Dime Community Bancshares, Inc Common 25432X102   4,347 217,777 SH   SOLE   217,777 0 0
Eagle Financial Services Inc. Common 26951R104   557 17,470 SH   SOLE   17,470 0 0
Equity Bancshares, Inc. Common 29460X109   3,329 138,292 SH   SOLE   138,292 0 0
FB Financial Corp. Common 30257X104   1,667 58,789 SH   SOLE   58,789 0 0
FineMark Holdings, Inc. Common 31788B108   18,671 824,344 SH   SOLE   824,344 0 0
First Bank Common 31931U102   18,536 1,719,449 SH   SOLE   1,719,449 0 0
First Capital Bancshares, Inc. Common 31941G101   3,470 428,396 SH   SOLE   428,396 0 0
First Foundation Inc. Common 32026V104   8,227 1,353,054 SH   SOLE   1,353,054 0 0
First National Corporation Common 32106V107   3,929 223,120 SH   SOLE   223,120 0 0
First Reliance Bancshares, Inc. Common 33615Q100   4,259 591,584 SH   SOLE   591,584 0 0
FSBH Corp Common 33650R104   1,493 196,250 SH   SOLE   196,250 0 0
First Western Financial, Inc. Common 33751L105   13,765 758,386 SH   SOLE   758,386 0 0
FirstSun Capital Bancorp Common 33767U107   6,932 237,396 SH   SOLE   237,396 0 0
Five Star Bancorp Common 33830T103   2,279 113,600 SH   SOLE   113,600 0 0
First Virginia Community Bank Common 36120Q101   4,617 360,421 SH   SOLE   360,421 0 0
InBankshares, Corp Common 45332V105   125 16,643 SH   SOLE   16,643 0 0
Investar Holding Corporation Common 46134L105   6,277 592,699 SH   SOLE   592,699 0 0
i3 Verticals, Inc. Common 46571Y107   746 35,300 SH   SOLE   35,300 0 0
LinkBancorp Common 53578P105   6,877 1,004,000 SH   SOLE   1,004,000 0 0
Live Oak Bancshares Common 53803X105   369 12,750 SH   SOLE   12,750 0 0
MainStreet Bancshares, Inc. Common 56064Y100   12,455 606,371 SH   SOLE   606,371 0 0
Merchants Bancorp Common 58844R108   14,129 509,700 SH   SOLE   509,700 0 0
Meridian Bank Common 58958P104   7,141 728,688 SH   SOLE   728,688 0 0
Mid Penn Bank Common 59540G107   9,256 459,827 SH   SOLE   459,827 0 0
Mission Valley Bancorp Common 60520E104   2,396 188,542 SH   SOLE   188,542 0 0
nCino, Inc. Common 63947X101   294 9,260 SH   SOLE   9,260 0 0
Open Lending Corporation Common 68373J104   250 34,220 SH   SOLE   34,220 0 0
Orange County Bancorp Common 68417L107   16,050 371,791 SH   SOLE   371,791 0 0
Origin Bancorp Inc. Common 68621T102   4,797 166,142 SH   SOLE   166,142 0 0
PSB Holdings, Inc. Common 69360N108   6,805 321,756 SH   SOLE   321,756 0 0
Pacific West Bancorp Common 69506J102   1,545 145,715 SH   SOLE   145,715 0 0
Payoneer Global Inc Common 70451X104   84 13,700 SH   SOLE   13,700 0 0
Peoples Bancorp Common 70979X107   2,287 11,434 SH   SOLE   11,434 0 0
Pinnacle Bankshares Corporation Common 72345E102   1,599 83,043 SH   SOLE   83,043 0 0
Pinnacle Bank Common 72346K107   3,761 275,528 SH   SOLE   275,528 0 0
Prime Meridian Holding Company Common 74164R107   5,133 232,776 SH   SOLE   232,776 0 0
Primis Financial Corporation Common 74167B109   13,435 1,648,521 SH   SOLE   1,648,521 0 0
Princeton Bancorp, Inc. Common 74179A107   8,193 282,631 SH   SOLE   282,631 0 0
Private Bancorp of America, Inc. Common 74274F100   9,561 301,230 SH   SOLE   301,230 0 0
QNB Corp. Common 74726N107   642 27,637 SH   SOLE   27,637 0 0
River City Bank Common 76803X106   4,085 21,617 SH   SOLE   21,617 0 0
Shift4 Payments Common 82452J109   159 2,880 SH   SOLE   2,880 0 0
Sierra Bancorp Common 82620P102   8,281 436,746 SH   SOLE   436,746 0 0
SmartFinancial, Inc. Common 83190L208   12,237 572,648 SH   SOLE   572,648 0 0
South Atlantic Bancshares, Inc. Common 83636T104   4,382 430,078 SH   SOLE   430,078 0 0
Southern California Bancorp Common 84252A106   4,847 346,000 SH   SOLE   346,000 0 0
Sterling Bancorp, Inc. Common 85917W102   2,932 502,061 SH   SOLE   502,061 0 0
Summit Bank Group, Inc. Common 86603R100   655 59,301 SH   SOLE   59,301 0 0
Texas Capital Bancshares, Inc. Common 88224Q107   14,395 244,405 SH   SOLE   244,405 0 0
Third Coast Bancshares Common 88422P109   8,339 487,654 SH   SOLE   487,654 0 0
Traditions Bancorp, Inc. Common 89269L102   4,414 252,235 SH   SOLE   252,235 0 0
Triumph Bancorp, Inc. Common 89679E300   21,473 331,418 SH   SOLE   331,418 0 0
USCB Financial Holdings Inc. Common 90355N101   2,667 253,730 SH   SOLE   253,730 0 0
United Bancorporation of Alabama, Inc. Common 90944R100   4,520 117,699 SH   SOLE   117,699 0 0
Village Bank and Trust Financial Corp. Common 92705T200   656 14,381 SH   SOLE   14,381 0 0
WEX Inc. Common 96208T104   1,872 9,955 SH   SOLE   9,955 0 0
White River Bancshares Company Common 96445A108   2,668 41,565 SH   SOLE   41,565 0 0