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
ACI WORLDWIDE INC COM 004498101 2,083 67,000 SH   SOLE   67,000 0 0
ALERUS FINL CORP COM 01446U103 7,085 325,000 SH   SOLE   325,000 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 5,090 159,000 SH   SOLE   159,000 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 17,987 507,000 SH   SOLE   507,000 0 0
AMERIPRISE FINL INC COM 03076C106 229 2,000 SH   SOLE   2,000 0 0
AMERIS BANCORP COM 03076K108 38,083 946,000 SH   SOLE   946,000 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 17,471 469,000 SH   SOLE   469,000 0 0
BANK7 CORP COM 06652N107 6,570 349,000 SH   SOLE   349,000 0 0
BAYCOM CORP COM 07272M107 9,322 410,000 SH   SOLE   410,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 9,504 645,000 SH   SOLE   645,000 0 0
BYLINE BANCORP INC COM 124411109 5,091 285,000 SH   SOLE   285,000 0 0
CAPITAL BANCORP INC MD COM 139737100 7,464 548,000 SH   SOLE   548,000 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 240 9,000 SH   SOLE   9,000 0 0
CARTER BK & TR MARTINSVILLE COM 146102108 9,415 498,000 SH   SOLE   498,000 0 0
CENTERSTATE BK CORP COM 15201P109 12,390 517,000 SH   SOLE   517,000 0 0
CITIGROUP INC COM NEW 172967424 237 3,000 SH   SOLE   3,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 10,182 920,000 SH   SOLE   920,000 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 3,463 159,000 SH   SOLE   159,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 8,858 586,000 SH   SOLE   586,000 0 0
COWEN INC CL A NEW 223622606 1,654 107,000 SH   SOLE   107,000 0 0
DNB FINL CORP COM 233237106 8,415 189,000 SH   SOLE   189,000 0 0
ELLINGTON FINANCIAL INC COM 28852N109 1,958 108,000 SH   SOLE   108,000 0 0
ENCORE CAP GROUP INC COM 292554102 1,989 60,000 SH   SOLE   60,000 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 2,225 55,000 SH   SOLE   55,000 0 0
ENVESTNET INC COM 29404K106 1,787 32,000 SH   SOLE   32,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 10,091 376,000 SH   SOLE   376,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 17,042 456,000 SH   SOLE   456,000 0 0
EXANTAS CAP CORP COM NEW 30068N105 3,069 270,000 SH   SOLE   270,000 0 0
FFBW INC COM 30258M107 274 25,000 SH   SOLE   25,000 0 0
FIRST FINL CORP IND COM 320218100 1,922 44,000 SH   SOLE   44,000 0 0
FIRST HAWAIIAN INC COM 32051X108 19,253 721,000 SH   SOLE   721,000 0 0
FIRST MERCHANTS CORP COM 320817109 3,485 93,000 SH   SOLE   93,000 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 3,035 156,000 SH   SOLE   156,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 8,792 139,000 SH   SOLE   139,000 0 0
FIRST WESTN FINL INC COM 33751L105 7,257 425,000 SH   SOLE   425,000 0 0
FNB CORP PA COM 302520101 1,962 170,000 SH   SOLE   170,000 0 0
FS KKR CAPITAL CORP COM 302635107 2,440 419,000 SH   SOLE   419,000 0 0
FVCBANKCORP INC COM 36120Q101 1,612 92,000 SH   SOLE   92,000 0 0
GERMAN AMERN BANCORP INC COM 373865104 4,211 131,000 SH   SOLE   131,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 10,779 440,000 SH   SOLE   440,000 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 13,723 358,000 SH   SOLE   358,000 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 1,841 183,000 SH   SOLE   183,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 4,043 170,000 SH   SOLE   170,000 0 0
HOME BANCORP INC COM 43689E107 29,447 755,000 SH   SOLE   755,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,967 121,000 SH   SOLE   121,000 0 0
IBERIABANK CORP COM 450828108 9,835 130,000 SH   SOLE   130,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 15,652 734,000 SH   SOLE   734,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 54,041 1,027,000 SH   SOLE   1,027,000 0 0
INSPERITY INC COM 45778Q107 2,104 21,000 SH   SOLE   21,000 0 0
INVESTAR HLDG CORP COM 46134L105 4,915 207,000 SH   SOLE   207,000 0 0
KEMPER CORP DEL COM 488401100 1,881 24,000 SH   SOLE   24,000 0 0
LADDER CAP CORP CL A 505743104 2,556 148,000 SH   SOLE   148,000 0 0
MACKINAC FINL CORP COM 554571109 7,028 455,000 SH   SOLE   455,000 0 0
MALVERN BANCORP INC COM 561409103 15,249 699,000 SH   SOLE   699,000 0 0
MERIDIAN CORPORATION COM 58958P104 4,556 257,000 SH   SOLE   257,000 0 0
MGIC INVT CORP WIS COM 552848103 1,700 135,000 SH   SOLE   135,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 32,119 1,233,000 SH   SOLE   1,233,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 12,967 425,000 SH   SOLE   425,000 0 0
MUTUALFIRST FINL INC COM 62845B104 7,569 240,000 SH   SOLE   240,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 16,827 492,000 SH   SOLE   492,000 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 261 50,000 SH   SOLE   50,000 0 0
OCEANFIRST FINL CORP COM 675234108 48,686 2,063,000 SH   SOLE   2,063,000 0 0
OLD NATL BANCORP IND COM 680033107 7,285 423,000 SH   SOLE   423,000 0 0
OLD POINT FINL CORP COM 680194107 8,905 374,000 SH   SOLE   374,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 12,191 998,000 SH   SOLE   998,000 0 0
OPUS BK IRVINE CALIF COM 684000102 21,649 994,000 SH   SOLE   994,000 0 0
OTTAWA BANCORP INC COM 689195105 1,218 97,000 SH   SOLE   97,000 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 9,352 1,245,000 SH   SOLE   1,245,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 29,218 937,000 SH   SOLE   937,000 0 0
PB BANCORP INC COM 70454T100 3,203 278,000 SH   SOLE   278,000 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 37,674 664,000 SH   SOLE   664,000 0 0
PIONEER BANCORP INC COM 723561106 11,227 899,000 SH   SOLE   899,000 0 0
PROVIDENT BANCORP INC COM 74383X109 13,225 550,000 SH   SOLE   550,000 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 251 3,000 SH   SOLE   3,000 0 0
RBB BANCORP COM 74930B105 12,071 613,000 SH   SOLE   613,000 0 0
RED RIVER BANCSHARES INC COM 75686R202 1,715 40,000 SH   SOLE   40,000 0 0
REGIONAL MGMT CORP COM 75902K106 1,838 65,000 SH   SOLE   65,000 0 0
RICHMOND MUT BANCORPORATIN I COM 76525P100 6,461 462,000 SH   SOLE   462,000 0 0
RIVERVIEW BANCORP INC COM 769397100 16,625 2,253,000 SH   SOLE   2,253,000 0 0
SB FINL GROUP INC COM 78408D105 3,558 213,000 SH   SOLE   213,000 0 0
SHORE BANCSHARES INC COM 825107105 8,740 567,000 SH   SOLE   567,000 0 0
SOUND FINL BANCORP INC COM 83607A100 7,236 200,000 SH   SOLE   200,000 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 5,525 339,000 SH   SOLE   339,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 23,678 650,000 SH   SOLE   650,000 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 19,511 905,000 SH   SOLE   905,000 0 0
TAYLOR MORRISON HOME CORP COM 87724P106 2,274 88,000 SH   SOLE   88,000 0 0
TRISTATE CAP HLDGS INC COM 89678F100 10,252 487,000 SH   SOLE   487,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 27,281 2,531,000 SH   SOLE   2,531,000 0 0
VERITEX HLDGS INC COM 923451108 81,832 3,372,000 SH   SOLE   3,372,000 0 0
WALKER & DUNLOP INC COM 93148P102 239 4,000 SH   SOLE   4,000 0 0
WINTRUST FINL CORP COM 97650W108 3,232 50,000 SH   SOLE   50,000 0 0
ZIONS BANCORPORATION N A COM 989701107 1,413 32,000 SH   SOLE   32,000 0 0