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 10,860 247,497 SH   SOLE   247,497 0 0
BANC OF CALIFORNIA COM 05990K106 65,857 3,401,719 SH   SOLE   3,401,719 0 0
BANK MARIN BANCORP COM 063425102 2,876 82,009 SH   SOLE   82,009 0 0
BAYCOM COM 07272M107 3,495 160,530 SH   SOLE   160,530 0 0
CAPITAL ONE FINL COM 14040H105 12,479 95,050 SH   SOLE   95,050 0 0
CITIGROUP COM 172967424 6,412 120,068 SH   SOLE   120,068 0 0
CITIZENS FINL GROUP COM 174610105 13,805 304,553 SH   SOLE   304,553 0 0
CODORUS VY BANCORP COM 192025104 2,136 97,102 SH   SOLE   97,102 0 0
COMERICA COM 200340107 2,622 29,000 SH   SOLE   29,000 0 0
COMMUNITY WEST BANCSHARES COM 204157101 8,855 632,075 SH   SOLE   632,075 0 0
ENTERPRISE FINL SVCS COM 293712105 34,302 725,046 SH   SOLE   725,046 0 0
EVANS BANCORP COM NEW 29911Q208 15,719 413,649 SH   SOLE   413,649 0 0
F N B COM 302520101 23,465 1,884,765 SH   SOLE   1,884,765 0 0
FIFTH THIRD BANCORP COM 316773100 4,140 96,199 SH   SOLE   96,199 0 0
FINANCIAL INSTNS COM 317585404 1,507 50,000 SH   SOLE   50,000 0 0
FINWARD BANCORP COM 31812F109 4,080 88,290 SH   SOLE   88,290 0 0
FIRST FINL BANCORP OH COM 320209109 3,950 171,364 SH   SOLE   171,364 0 0
FIRST HORIZON CORPORATION COM 320517105 5,873 250,000 SH   SOLE   250,000 0 0
FIRST INTERNET BANCORP COM 320557101 774 18,000 SH   SOLE   18,000 0 0
FIRST MERCHANTS COM 320817109 31,255 751,333 SH   SOLE   751,333 0 0
HARBORONE BANCORP INC. COM NEW 41165Y100 561 40,000 SH   SOLE   40,000 0 0
HAWTHORN BANCSHARES COM 420476103 8,640 341,780 SH   SOLE   341,780 0 0
HORIZON BANCORP COM 440407104 28,417 1,522,066 SH   SOLE   1,522,066 0 0
HUNTINGTON BANCSHARES COM 446150104 3,874 265,000 SH   SOLE   265,000 0 0
INDEPENDENT BK MICH COM 453838609 7,920 359,985 SH   SOLE   359,985 0 0
KEYCORP COM 493267108 5,036 225,000 SH   SOLE   225,000 0 0
LAKELAND BANCORP COM 511637100 1,670 100,000 SH   SOLE   100,000 0 0
LUMENT FINANCE TRUST COM 55025L108 2,278 831,338 SH   SOLE   831,338 0 0
MAGYAR BANCORP COM 55977T208 7,771 658,557 SH   SOLE   658,557 0 0
MALVERN BANCORP COM 561409103 12,146 753,961 SH   SOLE   753,961 0 0
MERCHANTS BANCORP IND COM 58844R108 5,881 214,794 SH   SOLE   214,794 0 0
MIDDLEFIELD BANC COM NEW 596304204 1,241 50,000 SH   SOLE   50,000 0 0
MIDLAND STATES BANCORP INC COM 597742105 289 10,000 SH   SOLE   10,000 0 0
NEW YORK CMNTY BANCORP COM 649445103 3,216 300,000 SH   SOLE   300,000 0 0
OLD POINT FINL COM 680194107 15,319 625,246 SH   SOLE   625,246 0 0
PRIMIS FINANCIAL COM 74167B109 7,567 541,259 SH   SOLE   541,259 0 0
PROVIDENT FINL SVCS COM 74386T105 3,267 139,609 SH   SOLE   139,609 0 0
SOUTHERN FIRST BANCSHARES INC COM 842873101 508 10,000 SH   SOLE   10,000 0 0
SYNCHRONY FINANCIAL COM 87165B103 9,802 281,600 SH   SOLE   281,600 0 0
UMPQUA HLDGS COM 904214103 472 25,000 SH   SOLE   25,000 0 0
UNITED CMNTY BKS BLAIRSVLE GA COM 90984P303 5,000 143,683 SH   SOLE   143,683 0 0
WEBSTER FINL COM 947890109 2,559 45,602 SH   SOLE   45,602 0 0