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
AMERIS BANCORP COM 03076K108 9,480 207,449 SH   DFND 1 207,449 0 0
AMERIS BANCORP COM 03076K108 6,031 131,965 SH   DFND 2 131,965 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 10,316 198,924 SH   DFND 1 198,924 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 6,542 126,146 SH   DFND 2 126,146 0 0
BYLINE BANCORP INC COM 124411109 4,763 209,836 SH   DFND 1 209,836 0 0
BYLINE BANCORP INC COM 124411109 3,024 133,203 SH   DFND 2 133,203 0 0
CAMBRIDGE BANCORP COM 132152109 7,224 80,281 SH   DFND 1 80,281 0 0
CAMBRIDGE BANCORP COM 132152109 4,586 50,962 SH   DFND 2 50,962 0 0
CAPITAL BANCORP INC MD COM 139737100 296 23,280 SH   DFND 2 23,280 0 0
CAPITAL BANCORP INC MD COM 139737100 467 36,720 SH   DFND 1 36,720 0 0
CHEMICAL FINL CORP COM 163731102 5,632 105,465 SH   DFND 1 105,465 0 0
CHEMICAL FINL CORP COM 163731102 3,575 66,949 SH   DFND 2 66,949 0 0
CITIZENS FINL GROUP INC COM 174610105 5,302 137,453 SH   DFND 2 137,453 0 0
CITIZENS FINL GROUP INC COM 174610105 8,352 216,531 SH   DFND 1 216,531 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 3,864 160,417 SH   DFND 2 160,417 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 6,088 252,716 SH   DFND 1 252,716 0 0
COMMUNITY BANKERS TR CORP COM 203612106 6,013 683,340 SH   DFND 2 683,340 0 0
COMMUNITY BANKERS TR CORP COM 203612106 9,473 1,076,515 SH   DFND 1 1,076,515 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 276 11,640 SH   DFND 2 11,640 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 436 18,360 SH   DFND 1 18,360 0 0
DIME CMNTY BANCSHARES COM 253922108 2,801 156,917 SH   DFND 1 156,917 0 0
DIME CMNTY BANCSHARES COM 253922108 1,776 99,483 SH   DFND 2 99,483 0 0
DNB FINL CORP COM 233237106 2,852 77,295 SH   DFND 1 77,295 0 0
DNB FINL CORP COM 233237106 1,837 49,777 SH   DFND 2 49,777 0 0
EAGLE BANCORP INC MD COM 268948106 2,489 49,183 SH   DFND 1 49,183 0 0
EAGLE BANCORP INC MD COM 268948106 1,578 31,181 SH   DFND 2 31,181 0 0
ENTEGRA FINL CORP COM 29363J108 644 24,271 SH   DFND 2 24,271 0 0
ENTEGRA FINL CORP COM 29363J108 994 37,444 SH   DFND 1 37,444 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 5,061 128,920 SH   DFND 1 128,920 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 3,213 81,838 SH   DFND 2 81,838 0 0
FAUQUIER BANKSHARES INC VA COM 312059108 823 32,524 SH   DFND 1 32,524 0 0
FAUQUIER BANKSHARES INC VA COM 312059108 524 20,710 SH   DFND 2 20,710 0 0
FIRST BANCORP N C COM 318910106 3,081 76,060 SH   DFND 2 76,060 0 0
FIRST BANCORP N C COM 318910106 4,854 119,818 SH   DFND 1 119,818 0 0
FIRST BANCSHARES INC MS COM 318916103 5,398 138,245 SH   DFND 2 138,245 0 0
FIRST BANCSHARES INC MS COM 318916103 8,504 217,761 SH   DFND 1 217,761 0 0
FIRST FINL CORP IND COM 320218100 2,979 59,350 SH   DFND 1 59,350 0 0
FIRST FINL CORP IND COM 320218100 1,912 38,092 SH   DFND 2 38,092 0 0
FIRST MERCHANTS CORP COM 320817109 3,796 84,371 SH   DFND 2 84,371 0 0
FIRST MERCHANTS CORP COM 320817109 5,979 132,887 SH   DFND 1 132,887 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,659 41,140 SH   DFND 2 41,140 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,614 64,808 SH   DFND 1 64,808 0 0
FVCBANKCORP INC COM 36120Q101 894 45,166 SH   DFND 1 45,166 0 0
FVCBANKCORP INC COM 36120Q101 567 28,634 SH   DFND 2 28,634 0 0
HILLTOP HOLDINGS INC COM 432748101 942 46,694 SH   DFND 2 46,694 0 0
HILLTOP HOLDINGS INC COM 432748101 1,474 73,095 SH   DFND 1 73,095 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 1,402 104,631 SH   DFND 1 104,631 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 900 67,167 SH   DFND 2 67,167 0 0
IBERIABANK CORP COM 450828108 3,189 39,200 SH   DFND 2 39,200 0 0
IBERIABANK CORP COM 450828108 5,024 61,752 SH   DFND 1 61,752 0 0
INDEPENDENT BK GROUP INC COM 45384B106 4,721 71,213 SH   DFND 1 71,213 0 0
INDEPENDENT BK GROUP INC COM 45384B106 2,997 45,206 SH   DFND 2 45,206 0 0
KEYCORP NEW COM 493267108 5,931 298,190 SH   DFND 2 298,190 0 0
KEYCORP NEW COM 493267108 9,343 469,742 SH   DFND 1 469,742 0 0
LCNB CORP COM 50181P100 2,386 127,961 SH   DFND 2 127,961 0 0
LCNB CORP COM 50181P100 3,742 200,642 SH   DFND 1 200,642 0 0
MERCHANTS BANCORP IND COM 58844R108 1,752 68,920 SH   DFND 2 68,920 0 0
MERCHANTS BANCORP IND COM 58844R108 2,760 108,571 SH   DFND 1 108,571 0 0
NATIONAL COMM CORP COM 63546L102 3,624 87,743 SH   DFND 1 87,743 0 0
NATIONAL COMM CORP COM 63546L102 2,300 55,699 SH   DFND 2 55,699 0 0
OLD LINE BANCSHARES INC COM 67984M100 2,116 66,867 SH   DFND 2 66,867 0 0
OLD LINE BANCSHARES INC COM 67984M100 3,333 105,336 SH   DFND 1 105,336 0 0
OLD SECOND BANCORP INC ILL COM 680277100 4,301 278,397 SH   DFND 1 278,397 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,730 176,725 SH   DFND 2 176,725 0 0
ORIGIN BANCORP INC COM 68621T102 1,674 44,460 SH   DFND 1 44,460 0 0
ORIGIN BANCORP INC COM 68621T102 1,288 34,200 SH   DFND 2 34,200 0 0
PCSB FINL CORP COM 69324R104 1,986 97,628 SH   DFND 2 97,628 0 0
PCSB FINL CORP COM 69324R104 3,125 153,637 SH   DFND 1 153,637 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,098 22,746 SH   DFND 2 22,746 0 0
PNC FINL SVCS GROUP INC COM 693475105 4,880 35,832 SH   DFND 1 35,832 0 0
PROVIDENT BANCORP INC COM 74383X109 2,926 101,082 SH   DFND 2 101,082 0 0
PROVIDENT BANCORP INC COM 74383X109 4,610 159,235 SH   DFND 1 159,235 0 0
QCR HOLDINGS INC COM 74727A104 4,590 112,371 SH   DFND 2 112,371 0 0
QCR HOLDINGS INC COM 74727A104 7,231 177,019 SH   DFND 1 177,019 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 2,791 71,008 SH   DFND 2 71,008 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 4,373 111,274 SH   DFND 1 111,274 0 0
STERLING BANCORP DEL COM 85917A100 10,815 491,611 SH   DFND 1 491,611 0 0
STERLING BANCORP DEL COM 85917A100 6,865 312,048 SH   DFND 2 312,048 0 0
TRICO BANCSHARES COM 896095106 3,355 86,869 SH   DFND 2 86,869 0 0
TRICO BANCSHARES COM 896095106 5,292 137,019 SH   DFND 1 137,019 0 0
TRISTATE CAP HLDGS INC COM 89678F100 4,463 161,698 SH   DFND 1 161,698 0 0
TRISTATE CAP HLDGS INC COM 89678F100 2,830 102,540 SH   DFND 2 102,540 0 0
UNITED FINL BANCORP INC NEW COM 910304104 5,155 306,303 SH   DFND 1 306,303 0 0
UNITED FINL BANCORP INC NEW COM 910304104 3,273 194,493 SH   DFND 2 194,493 0 0
VERITEX HLDGS INC COM 923451108 2,616 92,560 SH   DFND 2 92,560 0 0
VERITEX HLDGS INC COM 923451108 4,121 145,811 SH   DFND 1 145,811 0 0
WESTERN ALLIANCE BANCORP COM 957638109 4,410 77,519 SH   DFND 2 77,519 0 0
WESTERN ALLIANCE BANCORP COM 957638109 6,947 122,116 SH   DFND 1 122,116 0 0