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
1st Capital Bancorp Common 319427100   3,187 266,658 SH   SOLE   266,658 0 0
1st Colonial Bancorp Common 319716106   2,262 186,144 SH   SOLE   186,144 0 0
Alerus Financial Corporation Common 01446U103   13,054 583,022 SH   SOLE   583,022 0 0
Alpine Banks of Colorado Common 020810107   13,653 465,353 SH   SOLE   465,353 0 0
AMB Financial Corp. Common 001984103   193 10,562 SH   SOLE   10,562 0 0
American Business Bank Common 02475L105   21,349 593,363 SH   SOLE   593,363 0 0
American Riviera Bancorp Common 02933K103   6,286 380,946 SH   SOLE   380,946 0 0
Avidbank Holdings, Inc. Common 05368J103   14,867 695,697 SH   SOLE   695,697 0 0
Banc of California, Inc. Common 05990K106   14,078 1,048,229 SH   SOLE   1,048,229 0 0
Bancorp 34, Inc. Common 05970V106   1,379 142,857 SH   SOLE   142,857 0 0
Bank of Botetourt Common 063907208   1,415 49,824 SH   SOLE   49,824 0 0
Bank of the James Financial Group, Inc. Common 470299108   836 68,443 SH   SOLE   68,443 0 0
Bank7 Corp Common 06652N107   10,502 384,000 SH   SOLE   384,000 0 0
Bankwell Financial Group, Inc. Common 06654A103   8,499 281,623 SH   SOLE   281,623 0 0
Bay Community Bancorp Common 072205107   4,099 532,316 SH   SOLE   532,316 0 0
BayFirst Financial Corp. Common 07279B104   1,810 138,752 SH   SOLE   138,752 0 0
BCB Bancorp, Inc. Common 055298103   983 76,496 SH   SOLE   76,496 0 0
Blue Ridge Bankshares, Inc. Common 095825105   9,476 3,127,414 SH   SOLE   3,127,414 0 0
Blueharbor Bank Common 095613105   2,424 121,283 SH   SOLE   121,283 0 0
Bridgewater Bancshares, Inc. Common 108621103   2,524 186,704 SH   SOLE   186,704 0 0
Business First Bancshares, Inc. Common 12326C105   11,783 478,003 SH   SOLE   478,003 0 0
Byline Bancorp, Inc. Common 124411109   8,682 368,518 SH   SOLE   368,518 0 0
California BanCorp Common 13005U101   14,289 577,114 SH   SOLE   577,114 0 0
Cambridge Bancorp Common 132152109   5,755 82,928 SH   SOLE   82,928 0 0
Capital Bancorp, Inc. Common 139737100   898 37,122 SH   SOLE   37,122 0 0
CapStar Financial Holdings, Inc. Common 14070T102   6,849 365,481 SH   SOLE   365,481 0 0
Cashmere Valley Bank Common 14756K102   1,243 24,387 SH   SOLE   24,387 0 0
Chino Commercial Bancorp Common 16957L102   1,028 97,952 SH   SOLE   97,952 0 0
Citizens Community Bancorp, Inc. Common 174903104   9,969 851,331 SH   SOLE   851,331 0 0
CNB Corporation Common 12612R105   789 14,348 SH   SOLE   14,348 0 0
CNB Financial Corporation Common 126128107   11,231 497,188 SH   SOLE   497,188 0 0
Coastal Carolina Bancshares, Inc. Common 190435107   3,095 311,992 SH   SOLE   311,992 0 0
CoastalSouth Bancshares, Inc. Common 19058X207   3,214 214,258 SH   SOLE   214,258 0 0
Codorus Valley Bancorp, Inc. Common 192025104   2,031 79,011 SH   SOLE   79,011 0 0
Colony Bankcorp Inc. Common 19623P101   14,697 1,105,072 SH   SOLE   1,105,072 0 0
Commencement Bancorp, Inc. Common 20051D107   2,786 278,560 SH   SOLE   278,560 0 0
Community Bancorp of Santa Maria Common 20344R103   381 36,600 SH   SOLE   36,600 0 0
Community First Bancorporation Common 203916101   762 113,744 SH   SOLE   113,744 0 0
Community Heritage Financial Inc. Common 20370L103   3,460 206,558 SH   SOLE   206,558 0 0
ConnectOne Bancorp, Inc. Common 20786W107   13,776 601,306 SH   SOLE   601,306 0 0
Cornerstone Financial Corporation Common 21925G201   1,391 150,000 SH   SOLE   150,000 0 0
CrossFirst Bankshares, Inc. Common 22766M109   21,868 1,610,289 SH   SOLE   1,610,289 0 0
Crystal Valley Financial Common 22941P100   357 5,900 SH   SOLE   5,900 0 0
Dime Community Bancshares, Inc Common 25432X102   5,865 217,777 SH   SOLE   217,777 0 0
Eagle Financial Services Inc. Common 26951R104   328 10,944 SH   SOLE   10,944 0 0
Enterprise Bancorp, Inc. Common 293668109   5,841 181,061 SH   SOLE   181,061 0 0
Equity Bancshares, Inc. Common 29460X109   4,429 130,658 SH   SOLE   130,658 0 0
ES Bancshares, Inc. Common 296049109   2,079 410,045 SH   SOLE   410,045 0 0
FB Financial Corp. Common 30257X104   1,701 42,689 SH   SOLE   42,689 0 0
Fentura Financial, Inc. Common 314645102   9,274 340,949 SH   SOLE   340,949 0 0
FineMark Holdings, Inc. Common 31788B108   19,908 824,344 SH   SOLE   824,344 0 0
First Bancshares, Inc. Common 318916103   489 16,677 SH   SOLE   16,677 0 0
First Bank Common 31931U102   24,856 1,690,908 SH   SOLE   1,690,908 0 0
First Business Financial Services Common 319390100   18,394 458,694 SH   SOLE   458,694 0 0
First Capital Bancshares, Inc. Common 31941G101   3,382 422,796 SH   SOLE   422,796 0 0
First Community Corporation Common 319835104   4,364 202,710 SH   SOLE   202,710 0 0
First Farmers and Merchants Corporation Common 320148109   518 20,092 SH   SOLE   20,092 0 0
First Foundation Inc. Common 32026V104   13,098 1,353,054 SH   SOLE   1,353,054 0 0
First Internet Bancorp Common 320557101   9,490 392,313 SH   SOLE   392,313 0 0
First National Corporation Common 32106V107   4,207 193,422 SH   SOLE   193,422 0 0
First Northern Community Bancorp Common 335925103   7,873 882,651 SH   SOLE   882,651 0 0
First Reliance Bancshares, Inc. Common 33615Q100   5,070 591,584 SH   SOLE   591,584 0 0
First Virginia Community Bank Common 36120Q101   4,324 304,521 SH   SOLE   304,521 0 0
First Western Financial, Inc. Common 33751L105   15,039 758,386 SH   SOLE   758,386 0 0
FirstSun Capital Bancorp Common 33767U107   8,071 237,396 SH   SOLE   237,396 0 0
Five Star Bancorp Common 33830T103   2,974 113,600 SH   SOLE   113,600 0 0
Foresight Financial Group, Inc. Common 345526107   3,408 142,598 SH   SOLE   142,598 0 0
FSBH Corp (was First Southern Bank) Common 33650R104   1,493 196,250 SH   SOLE   196,250 0 0
Grand River Commerce, Inc. Common 386441109   2,315 675,014 SH   SOLE   675,014 0 0
Hanover Bancorp Inc. Common 410710206   4,030 228,440 SH   SOLE   228,440 0 0
HBT Financial, Inc. Common 404111106   6,010 284,722 SH   SOLE   284,722 0 0
Heritage Commerce Corp Common 426927109   6,781 683,598 SH   SOLE   683,598 0 0
i3 Verticals, Inc. Common 46571Y107   747 35,300 SH   SOLE   35,300 0 0
InBankshares, Corp Common 45332V105   133 16,643 SH   SOLE   16,643 0 0
Investar Holding Corporation Common 46134L105   9,089 609,617 SH   SOLE   609,617 0 0
Lakeland Bancorp, Inc. Common 511637100   11,156 754,306 SH   SOLE   754,306 0 0
LinkBancorp Common 53578P105   8,002 1,004,000 SH   SOLE   1,004,000 0 0
Live Oak Bancshares Common 53803X105   580 12,750 SH   SOLE   12,750 0 0
MainStreet Bancshares, Inc. Common 56064Y100   15,044 606,371 SH   SOLE   606,371 0 0
Malaga Financial Corporation Common 561046103   2,376 103,304 SH   SOLE   103,304 0 0
McHenry Bancorp, Inc. Common 580683209   2,166 60,000 SH   SOLE   60,000 0 0
Mercantile Bank Corporation Common 587376104   19,042 471,558 SH   SOLE   471,558 0 0
Merchants Bancorp Common 58844R108   22,469 527,700 SH   SOLE   527,700 0 0
Merchants Financial Group, Inc. Common 588538108   5,096 214,548 SH   SOLE   214,548 0 0
Meridian Bank Common 58958P104   10,879 782,678 SH   SOLE   782,678 0 0
Metropolitan Bank Holding Corp. Common 591774104   13,051 235,664 SH   SOLE   235,664 0 0
Mid Penn Bank Common 59540G107   11,165 459,827 SH   SOLE   459,827 0 0
Mission Valley Bancorp Common 60520E104   2,592 188,542 SH   SOLE   188,542 0 0
Mountain Commerce Bancorp Common 624004107   10,880 588,095 SH   SOLE   588,095 0 0
MVB Financial Corp. Common 553810102   2,021 89,567 SH   SOLE   89,567 0 0
nCino, Inc. Common 63947X101   311 9,260 SH   SOLE   9,260 0 0
Northway Financial, Inc. Common 667270201   2,829 155,038 SH   SOLE   155,038 0 0
Oak Ridge Financial Services, Inc. Common 671768109   1,003 61,364 SH   SOLE   61,364 0 0
Oak Valley Bancorp Common 671807105   3,718 124,152 SH   SOLE   124,152 0 0
Old Second Bancorp, Inc. Common 680277100   32,829 2,126,262 SH   SOLE   2,126,262 0 0
Open Lending Corporation Common 68373J104   291 34,220 SH   SOLE   34,220 0 0
Orange County Bancorp Common 68417L107   20,546 341,064 SH   SOLE   341,064 0 0
Oregon Pacific Bancorp Common 686040205   5,007 661,386 SH   SOLE   661,386 0 0
Origin Bancorp Inc. Common 68621T102   5,625 158,142 SH   SOLE   158,142 0 0
Pacific West Bancorp Common 69506J102   1,364 145,715 SH   SOLE   145,715 0 0
Payoneer Global Inc Common 70451X104   71 13,700 SH   SOLE   13,700 0 0
Peapack-Gladstone Financial Corporation Common 704699107   21,828 731,999 SH   SOLE   731,999 0 0
Peoples Bancorp Inc. Common 709789101   308 9,110 SH   SOLE   9,110 0 0
Pinnacle Bank Common 72346K107   3,904 275,528 SH   SOLE   275,528 0 0
Pinnacle Bankshares Corporation Common 72345E102   1,994 83,043 SH   SOLE   83,043 0 0
Potomac Bancshares, Inc. Common 737643106   501 33,492 SH   SOLE   33,492 0 0
Prime Meridian Holding Company Common 74164R107   5,482 232,776 SH   SOLE   232,776 0 0
Primis Financial Corporation Common 74167B109   21,440 1,693,521 SH   SOLE   1,693,521 0 0
Princeton Bancorp, Inc. Common 74179A107   10,146 282,631 SH   SOLE   282,631 0 0
Private Bancorp of America, Inc. Common 74274F100   11,797 337,065 SH   SOLE   337,065 0 0
PSB Holdings, Inc. Common 69360N108   7,085 320,456 SH   SOLE   320,456 0 0
QNB Corp. Common 74726N107   666 25,637 SH   SOLE   25,637 0 0
River City Bank Common 76803X106   4,919 21,837 SH   SOLE   21,837 0 0
Riverview Bancorp, Inc. Common 769397100   841 131,344 SH   SOLE   131,344 0 0
Shift4 Payments Common 82452J109   214 2,880 SH   SOLE   2,880 0 0
Shore Bancshares, Inc. Common 825107105   6,567 460,836 SH   SOLE   460,836 0 0
Sierra Bancorp Common 82620P102   9,849 436,746 SH   SOLE   436,746 0 0
Silvercrest Asset Management Group Inc. Common 828359109   3,456 203,286 SH   SOLE   203,286 0 0
SmartFinancial, Inc. Common 83190L208   14,024 572,648 SH   SOLE   572,648 0 0
South Atlantic Bancshares, Inc. Common 83636T104   5,483 430,078 SH   SOLE   430,078 0 0
Southern BancShares (N.C.), Inc. Common 842243107   4,790 887 SH   SOLE   887 0 0
Southern California Bancorp Common 84252A106   5,510 317,581 SH   SOLE   317,581 0 0
Southern First Bancshares, Inc. Common 842873101   15,529 418,573 SH   SOLE   418,573 0 0
Southern States Bancshares, Inc. Common 843878307   21,443 732,343 SH   SOLE   732,343 0 0
SouthPoint Bancshares, Inc. Common 844647107   3,128 109,704 SH   SOLE   109,704 0 0
Sterling Bancorp, Inc. Common 85917W102   2,897 502,061 SH   SOLE   502,061 0 0
Studio Bank Common 864001102   3,140 299,074 SH   SOLE   299,074 0 0
Summit Bank Group, Inc. Common 86603R100   1,075 94,301 SH   SOLE   94,301 0 0
Summit State Bank Common 866264203   5,405 439,395 SH   SOLE   439,395 0 0
Texas Capital Bancshares, Inc. Common 88224Q107   15,796 244,405 SH   SOLE   244,405 0 0
The Bancorp, Inc. Common 05969A105   2,086 54,092 SH   SOLE   54,092 0 0
Third Coast Bancshares Common 88422P109   9,690 487,654 SH   SOLE   487,654 0 0
Traditions Bancorp, Inc. Common 89269L102   4,893 252,235 SH   SOLE   252,235 0 0
Tri City Bankshares Corporation Common 895364107   2,292 171,041 SH   SOLE   171,041 0 0
Triumph Bancorp, Inc. Common 89679E300   26,573 331,418 SH   SOLE   331,418 0 0
United Bancorporation of Alabama, Inc. Common 90944R100   4,896 117,699 SH   SOLE   117,699 0 0
United Security Bankshares Common 911460103   4,745 564,227 SH   SOLE   564,227 0 0
Unity Bancorp, Inc. Common 913290102   29,342 991,614 SH   SOLE   991,614 0 0
USCB Financial Holdings Inc. Common 90355N101   2,814 229,730 SH   SOLE   229,730 0 0
Veritex Holdings, Inc. Common 923451108   6,725 289,000 SH   SOLE   289,000 0 0
Village Bank and Trust Financial Corp. Common 92705T200   573 14,381 SH   SOLE   14,381 0 0
Virginia National Bankshares Corp. Common 928031103   227 6,599 SH   SOLE   6,599 0 0
West Coast Community Bancorp Common 952170108   16,969 566,767 SH   SOLE   566,767 0 0
WEX Inc. Common 96208T104   1,937 9,955 SH   SOLE   9,955 0 0
White River Bancshares Company Common 96445A108   2,629 42,888 SH   SOLE   42,888 0 0