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
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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
1st Capital Bancorp Common 319427100   2,973 266,658 SH   SOLE   266,658 0 0
1st Colonial Bancorp Common 319716106   2,243 146,144 SH   SOLE   146,144 0 0
Alerus Financial Corporation Common 01446U103   11,866 543,586 SH   SOLE   543,586 0 0
Alpine Banks of Colorado Common 020810107   11,472 417,171 SH   SOLE   417,171 0 0
AMB Financial Corp. Common 001984103   77 3,902 SH   SOLE   3,902 0 0
American Business Bank Common 02475L105   21,472 580,335 SH   SOLE   580,335 0 0
American Riviera Bancorp Common 02933K103   6,081 380,946 SH   SOLE   380,946 0 0
Avidbank Holdings, Inc. Common 05368J103   13,722 713,197 SH   SOLE   713,197 0 0
Banc of California, Inc. Common 05990K106   15,944 1,048,229 SH   SOLE   1,048,229 0 0
Bancorp 34, Inc. Common 05970V106   1,207 142,857 SH   SOLE   142,857 0 0
Bank of Botetourt Common 063907208   1,128 39,624 SH   SOLE   39,624 0 0
Bank of the James Financial Group, Inc. Common 470299108   709 68,443 SH   SOLE   68,443 0 0
Bank7 Corp Common 06652N107   9,661 342,600 SH   SOLE   342,600 0 0
Bankwell Financial Group, Inc. Common 06654A103   7,331 282,623 SH   SOLE   282,623 0 0
Bay Community Bancorp Common 072205107   3,663 498,316 SH   SOLE   498,316 0 0
BayFirst Financial Corp. Common 07279B104   1,946 150,272 SH   SOLE   150,272 0 0
BCB Bancorp, Inc. Common 055298103   856 81,896 SH   SOLE   81,896 0 0
Blue Ridge Bankshares, Inc. Common 095825105   3,033 1,127,414 SH   SOLE   1,127,414 0 0
Blueharbor Bank Common 095613105   2,384 119,202 SH   SOLE   119,202 0 0
Bridgewater Bancshares, Inc. Common 108621103   1,700 146,079 SH   SOLE   146,079 0 0
Business First Bancshares, Inc. Common 12326C105   10,650 478,003 SH   SOLE   478,003 0 0
Byline Bancorp, Inc. Common 124411109   7,441 342,595 SH   SOLE   342,595 0 0
California BanCorp Common 13005U101   12,419 564,521 SH   SOLE   564,521 0 0
Cambridge Bancorp Common 132152109   5,380 78,928 SH   SOLE   78,928 0 0
Capital Bancorp, Inc. Common 139737100   500 24,022 SH   SOLE   24,022 0 0
CapStar Financial Holdings, Inc. Common 14070T102   3,024 173,671 SH   SOLE   173,671 0 0
Cashmere Valley Bank Common 14756K102   1,069 21,387 SH   SOLE   21,387 0 0
Citizens Community Bancorp, Inc. Common 174903104   9,134 751,796 SH   SOLE   751,796 0 0
CNB Corporation Common 12612R105   760 14,348 SH   SOLE   14,348 0 0
CNB Financial Corporation Common 126128107   10,138 497,188 SH   SOLE   497,188 0 0
Coastal Carolina Bancshares, Inc. Common 190435107   3,064 311,992 SH   SOLE   311,992 0 0
CoastalSouth Bancshares, Inc. Common 19058X207   5,025 299,973 SH   SOLE   299,973 0 0
Codorus Valley Bancorp, Inc. Common 192025104   406 17,836 SH   SOLE   17,836 0 0
Colony Bankcorp Inc. Common 19623P101   12,302 1,069,772 SH   SOLE   1,069,772 0 0
Commencement Bancorp, Inc. Common 20051D107   2,746 274,560 SH   SOLE   274,560 0 0
Community First Bancorporation Common 203916101   987 137,141 SH   SOLE   137,141 0 0
Community Heritage Financial Inc. Common 20370L103   3,615 206,558 SH   SOLE   206,558 0 0
ConnectOne Bancorp, Inc. Common 20786W107   9,323 478,086 SH   SOLE   478,086 0 0
Cornerstone Financial Corporation Common 21925G201   1,067 150,000 SH   SOLE   150,000 0 0
CrossFirst Bankshares, Inc. Common 22766M109   20,563 1,485,780 SH   SOLE   1,485,780 0 0
Dime Community Bancshares, Inc Common 25432X102   2,624 136,261 SH   SOLE   136,261 0 0
Endeavor Bancorp Common 29260B109   655 63,010 SH   SOLE   63,010 0 0
Enterprise Bancorp, Inc. Common 293668109   3,867 148,889 SH   SOLE   148,889 0 0
Equity Bancshares, Inc. Common 29460X109   938 27,281 SH   SOLE   27,281 0 0
ES Bancshares, Inc. Common 296049109   1,761 335,445 SH   SOLE   335,445 0 0
Fentura Financial, Inc. Common 314645102   7,875 322,749 SH   SOLE   322,749 0 0
FineMark Holdings, Inc. Common 31788B108   20,815 824,344 SH   SOLE   824,344 0 0
First Bank Common 31931U102   21,120 1,537,098 SH   SOLE   1,537,098 0 0
First Business Financial Services Common 319390100   17,165 457,725 SH   SOLE   457,725 0 0
First Capital Bancshares, Inc. Common 31941G101   3,853 414,296 SH   SOLE   414,296 0 0
First Community Corporation Common 319835104   3,290 188,775 SH   SOLE   188,775 0 0
First Farmers and Merchants Corporation Common 320148109   583 20,092 SH   SOLE   20,092 0 0
First Foundation Inc. Common 32026V104   10,216 1,353,054 SH   SOLE   1,353,054 0 0
First Internet Bancorp Common 320557101   12,656 364,296 SH   SOLE   364,296 0 0
First National Corporation Common 32106V107   2,961 182,133 SH   SOLE   182,133 0 0
First Northern Community Bancorp Common 335925103   7,743 856,537 SH   SOLE   856,537 0 0
First Reliance Bancshares, Inc. Common 33615Q100   4,634 568,584 SH   SOLE   568,584 0 0
First Virginia Community Bank Common 36120Q101   3,620 297,221 SH   SOLE   297,221 0 0
First Western Financial, Inc. Common 33751L105   11,174 766,386 SH   SOLE   766,386 0 0
FirstSun Capital Bancorp Common 33767U107   7,951 222,396 SH   SOLE   222,396 0 0
Five Star Bancorp Common 33830T103   3,888 172,819 SH   SOLE   172,819 0 0
Foresight Financial Group, Inc. Common 345526107   4,135 142,598 SH   SOLE   142,598 0 0
FSBH Corp Common 30325F101   1,410 176,250 SH   SOLE   176,250 0 0
Grand River Commerce, Inc. Common 386441109   1,924 675,014 SH   SOLE   675,014 0 0
Hanover Bancorp Inc. Common 410710206   3,385 228,440 SH   SOLE   228,440 0 0
HBT Financial, Inc. Common 404111106   3,134 164,580 SH   SOLE   164,580 0 0
Heritage Commerce Corp Common 426927109   4,922 573,639 SH   SOLE   573,639 0 0
i3 Verticals, Inc. Common 46571Y107   808 35,300 SH   SOLE   35,300 0 0
Investar Holding Corporation Common 46134L105   9,973 609,617 SH   SOLE   609,617 0 0
Lakeland Bancorp, Inc. Common 511637100   8,295 685,506 SH   SOLE   685,506 0 0
LinkBancorp Common 53578P105   6,545 943,047 SH   SOLE   943,047 0 0
Live Oak Bancshares Common 53803X105   529 12,750 SH   SOLE   12,750 0 0
MainStreet Bancshares, Inc. Common 56064Y100   11,035 607,662 SH   SOLE   607,662 0 0
Malaga Financial Corporation Common 561046103   1,973 87,304 SH   SOLE   87,304 0 0
McHenry Bancorp, Inc. Common 580683209   2,295 60,000 SH   SOLE   60,000 0 0
Mercantile Bank Corporation Common 587376104   15,193 394,729 SH   SOLE   394,729 0 0
Merchants Bancorp Common 58844R108   17,998 416,815 SH   SOLE   416,815 0 0
Merchants Financial Group, Inc. Common 588538108   5,058 212,948 SH   SOLE   212,948 0 0
Meridian Bank Common 58958P104   7,794 785,703 SH   SOLE   785,703 0 0
Metropolitan Bank Holding Corp. Common 591774104   9,073 235,664 SH   SOLE   235,664 0 0
Mid Penn Bank Common 59540G107   9,201 459,827 SH   SOLE   459,827 0 0
Mission Valley Bancorp Common 60520E104   2,611 188,542 SH   SOLE   188,542 0 0
Mountain Commerce Bancorp Common 624004107   10,596 580,595 SH   SOLE   580,595 0 0
MVB Financial Corp. Common 553810102   2,153 96,489 SH   SOLE   96,489 0 0
Northway Financial, Inc. Common 667270201   2,899 155,038 SH   SOLE   155,038 0 0
Oak Ridge Financial Services, Inc. Common 671768109   969 55,364 SH   SOLE   55,364 0 0
Oak Valley Bancorp Common 671807105   2,599 104,888 SH   SOLE   104,888 0 0
Old Second Bancorp, Inc. Common 680277100   28,899 2,088,062 SH   SOLE   2,088,062 0 0
Open Lending Corporation Common 68373J104   214 34,220 SH   SOLE   34,220 0 0
Orange County Bancorp Common 68417L107   14,804 321,822 SH   SOLE   321,822 0 0
Oregon Pacific Bancorp Common 686040205   4,782 661,386 SH   SOLE   661,386 0 0
Origin Bancorp Inc. Common 68621T102   3,472 111,142 SH   SOLE   111,142 0 0
Pacific West Bancorp Common 69506J102   1,093 145,715 SH   SOLE   145,715 0 0
Peapack-Gladstone Financial Corporation Common 704699107   17,172 705,799 SH   SOLE   705,799 0 0
Pinnacle Bank Common 72346K107   3,551 229,128 SH   SOLE   229,128 0 0
Pinnacle Bankshares Corporation Common 72345E102   2,325 81,682 SH   SOLE   81,682 0 0
Potomac Bancshares, Inc. Common 737643106   499 33,492 SH   SOLE   33,492 0 0
Prime Meridian Holding Company Common 74164R107   5,095 235,776 SH   SOLE   235,776 0 0
Primis Financial Corporation Common 74167B109   20,633 1,695,396 SH   SOLE   1,695,396 0 0
Princeton Bancorp, Inc. Common 74179A107   9,512 309,016 SH   SOLE   309,016 0 0
Private Bancorp of America, Inc. Common 74274F100   12,467 365,065 SH   SOLE   365,065 0 0
PSB Holdings, Inc. Common 69360N108   6,703 315,456 SH   SOLE   315,456 0 0
River City Bank Common 76803X106   5,806 23,168 SH   SOLE   23,168 0 0
Riverview Bancorp, Inc. Common 769397100   596 126,344 SH   SOLE   126,344 0 0
Shift4 Payments Common 82452J109   190 2,880 SH   SOLE   2,880 0 0
Shore Bancshares, Inc. Common 825107105   5,576 484,836 SH   SOLE   484,836 0 0
Sierra Bancorp Common 82620P102   8,822 436,746 SH   SOLE   436,746 0 0
Silvercrest Asset Management Group Inc. Common 828359109   2,900 183,431 SH   SOLE   183,431 0 0
SmartFinancial, Inc. Common 83190L208   11,402 541,148 SH   SOLE   541,148 0 0
South Atlantic Bancshares, Inc. Common 83636T104   4,519 414,633 SH   SOLE   414,633 0 0
Southern BancShares (N.C.), Inc. Common 842243107   4,485 780 SH   SOLE   780 0 0
Southern California Bancorp Common 84252A106   3,679 246,737 SH   SOLE   246,737 0 0
Southern First Bancshares, Inc. Common 842873101   12,679 399,213 SH   SOLE   399,213 0 0
Southern States Bancshares, Inc. Common 843878307   19,060 735,343 SH   SOLE   735,343 0 0
SouthPoint Bancshares, Inc. Common 844647107   3,236 109,704 SH   SOLE   109,704 0 0
Sterling Bancorp, Inc. Common 85917W102   2,591 502,061 SH   SOLE   502,061 0 0
Studio Bank Common 864001102   3,105 308,974 SH   SOLE   308,974 0 0
Summit Bank Group, Inc. Common 86603R100   1,231 112,901 SH   SOLE   112,901 0 0
Summit State Bank Common 866264203   4,767 439,395 SH   SOLE   439,395 0 0
Texas Capital Bancshares, Inc. Common 88224Q107   15,043 244,405 SH   SOLE   244,405 0 0
The Bancorp, Inc. Common 05969A105   1,676 50,092 SH   SOLE   50,092 0 0
Third Coast Bancshares Common 88422P109   9,763 487,654 SH   SOLE   487,654 0 0
Traditions Bancorp, Inc. Common 89269L102   4,427 252,235 SH   SOLE   252,235 0 0
Tri City Bankshares Corporation Common 895364107   2,035 171,041 SH   SOLE   171,041 0 0
Triumph Bancorp, Inc. Common 89679E300   24,133 304,243 SH   SOLE   304,243 0 0
United Bancorporation of Alabama, Inc. Common 90944R100   6,119 145,699 SH   SOLE   145,699 0 0
United Security Bankshares Common 911460103   4,312 559,227 SH   SOLE   559,227 0 0
Unity Bancorp, Inc. Common 913290102   27,069 980,744 SH   SOLE   980,744 0 0
USCB Financial Holdings Inc. Common 90355N101   2,391 209,730 SH   SOLE   209,730 0 0
Veritex Holdings, Inc. Common 923451108   6,004 293,000 SH   SOLE   293,000 0 0
Village Bank and Trust Financial Corp. Common 92705T200   611 14,381 SH   SOLE   14,381 0 0
West Coast Community Bancorp Common 952170108   15,430 551,267 SH   SOLE   551,267 0 0
WEX Inc. Common 96208T104   2,365 9,955 SH   SOLE   9,955 0 0
White River Bancshares Company Common 96445A108   2,488 42,888 SH   SOLE   42,888 0 0