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
AMERIS BANCORP COM 03076K108   1,782,658 36,847 SH   SOLE   36,847 0 0
BANNER CORP COM NEW 06652V208   1,722,768 35,891 SH   SOLE   35,891 0 0
CALIFORNIA BANCORP INC COM 13005U101   2,159,608 98,164 SH   SOLE   98,164 0 0
CAPITAL BANCORP INC MD COM 139737100   2,151,010 103,265 SH   SOLE   103,265 0 0
CF BANKSHARES INC COM 12520L109   2,801,232 140,272 SH   SOLE   140,272 0 0
CITIZENS FINL GROUP INC COM 174610105   2,733,726 75,330 SH   SOLE   75,330 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107   1,218,465 79,224 SH   SOLE   79,224 0 0
CNB FINL CORP PA COM 126128107   1,355,079 66,458 SH   SOLE   66,458 0 0
COMERICA INC COM 200340107   2,646,504 48,127 SH   SOLE   48,127 0 0
CUSTOMERS BANCORP INC COM 23204G100   2,453,441 46,239 SH   SOLE   46,239 0 0
EAST WEST BANCORP INC COM 27579R104   3,567,861 45,100 SH   SOLE   45,100 0 0
ENTERPRISE FINL SVCS CORP COM 293712105   2,081,783 51,326 SH   SOLE   51,326 0 0
ESQUIRE FINL HLDGS INC COM 29667J101   3,354,895 70,674 SH   SOLE   70,674 0 0
EVANS BANCORP INC COM NEW 29911Q208   3,018,936 101,103 SH   SOLE   101,103 0 0
F N B CORP COM 302520101   2,107,950 149,500 SH   SOLE   149,500 0 0
FIFTH THIRD BANCORP COM 316773100   3,348,900 90,000 SH   SOLE   90,000 0 0
FIRST CMNTY CORP S C COM 319835104   2,645,125 151,757 SH   SOLE   151,757 0 0
FIRST FNDTN INC COM 32026V104   2,764,969 366,221 SH   SOLE   366,221 0 0
FIRST MERCHANTS CORP COM 320817109   1,744,616 49,989 SH   SOLE   49,989 0 0
FIRST SEACOAST BANCORP INC COM 33631F104   1,047,500 125,000 SH   SOLE   125,000 0 0
HEARTLAND FINL USA INC COM 42234Q102   2,076,908 59,087 SH   SOLE   59,087 0 0
INDEPENDENT BANK GROUP INC COM 45384B106   2,263,099 49,575 SH   SOLE   49,575 0 0
JOHN MARSHALL BANCORP INC COM 47805L101   3,155,192 176,071 SH   SOLE   176,071 0 0
KEYCORP COM 493267108   3,422,865 216,500 SH   SOLE   216,500 0 0
MACATAWA BK CORP COM 554225102   2,492,426 254,589 SH   SOLE   254,589 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   2,639,647 145,355 SH   SOLE   145,355 0 0
MERCHANTS BANCORP IND COM 58844R108   2,278,306 52,763 SH   SOLE   52,763 0 0
NATIONAL BK HLDGS CORP CL A 633707104   2,290,120 63,491 SH   SOLE   63,491 0 0
NORTHRIM BANCORP INC COM 666762109   1,838,412 36,397 SH   SOLE   36,397 0 0
OFG BANCORP COM 67103X102   2,639,130 71,696 SH   SOLE   71,696 0 0
OLD NATL BANCORP IND COM 680033107   3,222,591 185,100 SH   SOLE   185,100 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107   2,623,212 107,818 SH   SOLE   107,818 0 0
PEOPLES BANCORP INC COM 709789101   2,595,376 87,652 SH   SOLE   87,652 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104   3,316,771 38,621 SH   SOLE   38,621 0 0
PREMIER FINANCIAL CORP COM 74052F108   4,034,280 198,733 SH   SOLE   198,733 0 0
PROSPERITY BANCSHARES INC COM 743606105   1,874,730 28,500 SH   SOLE   28,500 0 0
QCR HOLDINGS INC COM 74727A104   7,472,599 123,026 SH   SOLE   123,026 0 0
RED RIVER BANCSHARES INC COM 75686R202   2,571,405 51,645 SH   SOLE   51,645 0 0
SMARTFINANCIAL INC COM NEW 83190L208   3,110,964 147,649 SH   SOLE   147,649 0 0
STELLAR BANCORP INC COM 858927106   2,923,200 120,000 SH   SOLE   120,000 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107   2,862,567 46,508 SH   SOLE   46,508 0 0
UMB FINL CORP COM 902788108   2,970,535 34,148 SH   SOLE   34,148 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101   1,354,958 118,856 SH   SOLE   118,856 0 0
VILLAGE BK & TR FINL CORP COM NEW 92705T200   1,924,103 45,273 SH   SOLE   45,273 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103   2,952,088 98,076 SH   SOLE   98,076 0 0
WEBSTER FINL CORP COM 947890109   2,918,006 57,475 SH   SOLE   57,475 0 0