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
1895 BANCORP OF WIS INC COM 28253R105   322,463 46,132 SH   SOLE   46,132 0 0
AMERISERV FINL INC COM 03074A102   246,756 76,277 SH   SOLE   76,277 0 0
BANC OF CALIFORNIA INC COM 05990K106   7,093,256 528,165 SH   SOLE   528,165 0 0
BANK OF THE JAMES FINL GP IN COM 470299108   268,119 21,941 SH   SOLE   21,941 0 0
BANKFINANCIAL CORP COM 06643P104   830,824 80,977 SH   SOLE   80,977 0 0
BANKWELL FINL GROUP INC COM 06654A103   846,126 28,036 SH   SOLE   28,036 0 0
BAYCOM CORP COM 07272M107   1,443,331 61,184 SH   SOLE   61,184 0 0
BRIDGEWATER BANCSHARES INC COM 108621103   650,745 48,132 SH   SOLE   48,132 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105   618,321 25,084 SH   SOLE   25,084 0 0
BV FINL INC COM NEW 05603E208   244,832 17,266 SH   SOLE   17,266 0 0
BYLINE BANCORP INC COM 124411109   1,030,962 43,759 SH   SOLE   43,759 0 0
C & F FINL CORP COM 12466Q104   583,638 8,559 SH   SOLE   8,559 0 0
CATALYST BANCORP INC COMMON STOCK 14888L101   411,931 38,001 SH   SOLE   38,001 0 0
CITIZENS FINL GROUP INC COM 174610105   1,014,415 30,610 SH   SOLE   30,610 0 0
CNB FINL CORP PA COM 126128107   1,308,051 57,904 SH   SOLE   57,904 0 0
CODORUS VY BANCORP INC COM 192025104   1,522,417 59,238 SH   SOLE   59,238 0 0
COMERICA INC COM 200340107   4,294,635 76,951 SH   SOLE   76,951 0 0
COMMUNITY TR BANCORP INC COM 204149108   1,123,298 25,611 SH   SOLE   25,611 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   2,244,292 83,338 SH   SOLE   83,338 0 0
EAGLE BANCORP INC MD COM 268948106   6,409,301 212,651 SH   SOLE   212,651 0 0
EAGLE BANCORP MONT INC COM 26942G100   369,786 23,419 SH   SOLE   23,419 0 0
ENTERPRISE BANCORP INC MASS COM 293668109   1,202,330 37,270 SH   SOLE   37,270 0 0
ENTERPRISE FINL SVCS CORP COM 293712105   692,209 15,503 SH   SOLE   15,503 0 0
FIRST CTZNS BANCHSARES INC N CL A 31946M103   6,229,278 4,390 SH   SOLE   4,390 0 0
FIRST FINL CORP IND COM 320218100   3,682,852 85,588 SH   SOLE   85,588 0 0
FIRST FNDTN INC COM 32026V104   7,185,996 742,355 SH   SOLE   742,355 0 0
FIRST HORIZON CORPORATION COM 320517105   2,220,883 156,842 SH   SOLE   156,842 0 0
FLUSHING FINL CORP COM 343873105   2,992,422 181,579 SH   SOLE   181,579 0 0
FS BANCORP INC COM 30263Y104   766,292 20,733 SH   SOLE   20,733 0 0
HILLTOP HOLDINGS INC COM 432748101   745,994 21,187 SH   SOLE   21,187 0 0
HMN FINL INC COM 40424G108   721,533 31,371 SH   SOLE   31,371 0 0
HOME BANCORP INC COM 43689E107   644,223 15,335 SH   SOLE   15,335 0 0
HOMETRUST BANCSHARES INC COM 437872104   1,601,121 59,477 SH   SOLE   59,477 0 0
INTERNATIONAL BANCSHARES COR COM 459044103   1,360,933 25,054 SH   SOLE   25,054 0 0
LAKE SHORE BANCORP INC COM 510700107   157,324 13,435 SH   SOLE   13,435 0 0
MACATAWA BK CORP COM 554225102   1,279,231 113,407 SH   SOLE   113,407 0 0
MAGYAR BANCORP INC COM 55977T208   318,408 28,366 SH   SOLE   28,366 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   1,336,589 53,873 SH   SOLE   53,873 0 0
MID PENN BANCORP INC COM 59540G107   576,383 23,739 SH   SOLE   23,739 0 0
NEW YORK CMNTY BANCORP INC COM 649445103   3,713,377 362,989 SH   SOLE   362,989 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100   3,101,183 174,813 SH   SOLE   174,813 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108   2,949,117 234,429 SH   SOLE   234,429 0 0
NSTS BANCORP INC COM 6293JP109   502,033 52,790 SH   SOLE   52,790 0 0
OP BANCORP COM 67109R109   2,740,971 250,317 SH   SOLE   250,317 0 0
OPTIMUMBANK HLDGS INC COM 68401P403   176,865 42,294 SH   SOLE   42,294 0 0
PARKE BANCORP INC COM 700885106   2,546,377 125,747 SH   SOLE   125,747 0 0
PCB BANCORP COM 69320M109   1,956,787 106,174 SH   SOLE   106,174 0 0
PIONEER BANCORP INC MD COM 723561106   1,194,453 119,326 SH   SOLE   119,326 0 0
PRIMIS FINANCIAL CORP COM 74167B109   1,549,799 122,417 SH   SOLE   122,417 0 0
PROVIDENT BANCORP INC COM NEW 74383L105   1,380,748 137,115 SH   SOLE   137,115 0 0
RBB BANCORP COM 74930B105   2,611,184 137,142 SH   SOLE   137,142 0 0
RHINEBECK BANCORP INC COM 762093102   234,971 29,189 SH   SOLE   29,189 0 0
SB FINL GROUP INC COM 78408D105   250,036 16,289 SH   SOLE   16,289 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   58,092,000 1,545,000 SH Put SOLE   1,545,000 0 0
SHORE BANCSHARES INC COM 825107105   850,654 59,695 SH   SOLE   59,695 0 0
SOUTHERN CALIF BANCORP COM 84252A106   2,799,717 161,367 SH   SOLE   161,367 0 0
SPDR SER TR S&P REGL BKG 78464A698   24,642,100 470,000 SH Put SOLE   470,000 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107   2,237,426 34,619 SH   SOLE   34,619 0 0
THIRD COAST BANCSHARES INC COM 88422P109   1,774,808 89,321 SH   SOLE   89,321 0 0
VERITEX HLDGS INC COM 923451108   5,373,090 230,902 SH   SOLE   230,902 0 0
WATERSTONE FINL INC MD COM 94188P101   453,392 31,929 SH   SOLE   31,929 0 0
WINTRUST FINL CORP COM 97650W108   1,353,130 14,589 SH   SOLE   14,589 0 0