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 897 26,101 SH   DFND 2 26,101 0 0
BANK AMER CORP COM 060505104 6,633 240,421 SH   DFND 1 240,421 0 0
BANK AMER CORP COM 060505104 3,067 111,176 SH   DFND 2 111,176 0 0
BRIDGE BANCORP INC COM 108035106 1,503 51,300 SH   DFND 1 51,300 0 0
BRIDGE BANCORP INC COM 108035106 694 23,700 SH   DFND 2 23,700 0 0
CAMBRIDGE BANCORP COM 132152109 7,681 92,713 SH   DFND 1 92,713 0 0
CAMBRIDGE BANCORP COM 132152109 3,533 42,645 SH   DFND 2 42,645 0 0
CENTERSTATE BK CORP COM 15201P109 3,508 147,315 SH   DFND 1 147,315 0 0
CENTERSTATE BK CORP COM 15201P109 1,170 49,158 SH   DFND 2 49,158 0 0
CITIZENS FINL GROUP INC COM 174610105 9,042 278,225 SH   DFND 1 278,225 0 0
CITIZENS FINL GROUP INC COM 174610105 4,181 128,658 SH   DFND 2 128,658 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 7,793 357,005 SH   DFND 1 357,005 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 3,604 165,087 SH   DFND 2 165,087 0 0
COMMUNITY BANKERS TR CORP COM 203612106 10,349 1,413,735 SH   DFND 1 1,413,735 0 0
COMMUNITY BANKERS TR CORP COM 203612106 4,785 653,742 SH   DFND 2 653,742 0 0
DNB FINL CORP COM 233237106 5,761 152,524 SH   DFND 1 152,524 0 0
DNB FINL CORP COM 233237106 2,664 70,531 SH   DFND 2 70,531 0 0
FAUQUIER BANKSHARES INC VA COM 312059108 1,846 89,552 SH   DFND 1 89,552 0 0
FAUQUIER BANKSHARES INC VA COM 312059108 853 41,399 SH   DFND 2 41,399 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 11,772 429,799 SH   DFND 1 429,799 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 4,549 166,071 SH   DFND 2 166,071 0 0
FIRST BANCORP N C COM 318910106 4,780 137,508 SH   DFND 1 137,508 0 0
FIRST BANCORP N C COM 318910106 2,210 63,587 SH   DFND 2 63,587 0 0
FIRST BANCSHARES INC MS COM 318916103 5,968 193,135 SH   DFND 1 193,135 0 0
FIRST BANCSHARES INC MS COM 318916103 2,760 89,310 SH   DFND 2 89,310 0 0
FIRST MERCHANTS CORP COM 320817109 5,490 148,979 SH   DFND 1 148,979 0 0
FIRST MERCHANTS CORP COM 320817109 2,539 68,891 SH   DFND 2 68,891 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,968 89,085 SH   DFND 1 89,085 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,295 38,880 SH   DFND 2 38,880 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 4,007 99,180 SH   DFND 1 99,180 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 1,851 45,820 SH   DFND 2 45,820 0 0
HILLTOP HOLDINGS INC COM 432748101 4,057 222,300 SH   DFND 1 222,300 0 0
HILLTOP HOLDINGS INC COM 432748101 1,874 102,700 SH   DFND 2 102,700 0 0
HMN FINL INC COM 40424G108 3,050 141,647 SH   DFND 1 141,647 0 0
HMN FINL INC COM 40424G108 1,410 65,493 SH   DFND 2 65,493 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 1,732 121,000 SH   DFND 1 121,000 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 758 52,960 SH   DFND 2 52,960 0 0
IBERIABANK CORP COM 450828108 8,230 114,768 SH   DFND 1 114,768 0 0
IBERIABANK CORP COM 450828108 3,806 53,071 SH   DFND 2 53,071 0 0
KEYCORP NEW COM 493267108 4,598 291,929 SH   DFND 1 291,929 0 0
KEYCORP NEW COM 493267108 2,126 134,995 SH   DFND 2 134,995 0 0
LCNB CORP COM 50181P100 4,488 261,680 SH   DFND 1 261,680 0 0
LCNB CORP COM 50181P100 2,075 121,007 SH   DFND 2 121,007 0 0
MERIDIAN BANCORP INC MD COM 58958U103 3,552 226,404 SH   DFND 1 226,404 0 0
MERIDIAN BANCORP INC MD COM 58958U103 1,641 104,596 SH   DFND 2 104,596 0 0
NATIONAL COMM CORP COM 63546L102 2,701 68,884 SH   DFND 1 68,884 0 0
NATIONAL COMM CORP COM 63546L102 1,663 42,409 SH   DFND 2 42,409 0 0
NORTHEAST BANCORP COM NEW 663904209 9,523 460,487 SH   DFND 1 460,487 0 0
NORTHEAST BANCORP COM NEW 663904209 3,830 185,194 SH   DFND 2 185,194 0 0
OCEANFIRST FINL CORP COM 675234108 1,721 71,510 SH   DFND 1 71,510 0 0
OCEANFIRST FINL CORP COM 675234108 784 32,581 SH   DFND 2 32,581 0 0
OLD SECOND BANCORP INC ILL COM 680277100 4,064 322,826 SH   DFND 1 322,826 0 0
OLD SECOND BANCORP INC ILL COM 680277100 1,879 149,282 SH   DFND 2 149,282 0 0
OPUS BK IRVINE CALIF COM 684000102 3,897 196,819 SH   DFND 1 196,819 0 0
OPUS BK IRVINE CALIF COM 684000102 1,801 90,957 SH   DFND 2 90,957 0 0
PCSB FINL CORP COM 69324R104 6,198 316,684 SH   DFND 1 316,684 0 0
PCSB FINL CORP COM 69324R104 2,866 146,436 SH   DFND 2 146,436 0 0
PNC FINL SVCS GROUP INC COM 693475105 5,097 41,554 SH   DFND 1 41,554 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,357 19,216 SH   DFND 2 19,216 0 0
PROVIDENT BANCORP INC COM 74383X109 4,136 182,599 SH   DFND 1 182,599 0 0
PROVIDENT BANCORP INC COM 74383X109 1,896 83,714 SH   DFND 2 83,714 0 0
QCR HOLDINGS INC COM 74727A104 7,785 229,508 SH   DFND 1 229,508 0 0
QCR HOLDINGS INC COM 74727A104 3,600 106,138 SH   DFND 2 106,138 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 4,393 129,704 SH   DFND 1 129,704 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 2,031 59,978 SH   DFND 2 59,978 0 0
STERLING BANCORP DEL COM 85917A100 10,130 543,757 SH   DFND 1 543,757 0 0
STERLING BANCORP DEL COM 85917A100 4,684 251,446 SH   DFND 2 251,446 0 0
SYNOVUS FINL CORP COM NEW 87161C501 5,787 168,432 SH   DFND 1 168,432 0 0
SYNOVUS FINL CORP COM NEW 87161C501 2,676 77,887 SH   DFND 2 77,887 0 0
TCF FINL CORP COM 872275102 6,510 314,640 SH   DFND 1 314,640 0 0
TCF FINL CORP COM 872275102 3,007 145,360 SH   DFND 2 145,360 0 0
UNITED FINL BANCORP INC NEW COM 910304104 17,589 1,225,719 SH   DFND 1 1,225,719 0 0
UNITED FINL BANCORP INC NEW COM 910304104 7,466 520,281 SH   DFND 2 520,281 0 0
WESTERN ALLIANCE BANCORP COM 957638109 8,140 198,354 SH   DFND 1 198,354 0 0
WESTERN ALLIANCE BANCORP COM 957638109 3,764 91,723 SH   DFND 2 91,723 0 0
ZIONS BANCORPORATION N A COM 989701107 5,215 114,840 SH   DFND 1 114,840 0 0
ZIONS BANCORPORATION N A COM 989701107 2,411 53,105 SH   DFND 2 53,105 0 0