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 9,342 247,497 SH   SOLE   247,497 0 0
BANC OF CALIFORNIA COM 05990K106 59,938 3,401,719 SH   SOLE   3,401,719 0 0
BANK MARIN BANCORP COM 063425102 1,948 61,295 SH   SOLE   61,295 0 0
BAYCOM COM 07272M107 1,654 80,000 SH   SOLE   80,000 0 0
CAPITAL ONE FINL COM 14040H105 9,403 95,050 SH   SOLE   95,050 0 0
CITIGROUP COM 172967424 5,522 120,068 SH   SOLE   120,068 0 0
CITIZENS FINL GROUP COM 174610105 10,869 304,553 SH   SOLE   304,553 0 0
CODORUS VY BANCORP COM 192025104 2,186 97,102 SH   SOLE   97,102 0 0
COMERICA COM 200340107 1,614 29,000 SH   SOLE   29,000 0 0
COMMUNITY WEST BANCSHARES COM 204157101 8,352 632,075 SH   SOLE   632,075 0 0
ENTERPRISE FINL SVCS COM 293712105 29,384 725,046 SH   SOLE   725,046 0 0
EVANS BANCORP COM NEW 29911Q208 15,046 463,649 SH   SOLE   463,649 0 0
F N B COM 302520101 20,012 1,884,765 SH   SOLE   1,884,765 0 0
FIFTH THIRD BANCORP COM 316773100 3,232 96,199 SH   SOLE   96,199 0 0
FINANCIAL INSTNS COM 317585404 1,301 61,200 SH   SOLE   61,200 0 0
FINWARD BANCORP COM 31812F109 3,720 99,227 SH   SOLE   99,227 0 0
FIRST FINL BANCORP OH COM 320209109 3,324 171,364 SH   SOLE   171,364 0 0
FIRST HORIZON CORPORATION COM 320517105 5,465 250,000 SH   SOLE   250,000 0 0
FIRST INTERNET BANCORP COM 320557101 663 18,000 SH   SOLE   18,000 0 0
FIRST MERCHANTS COM 320817109 26,762 758,333 SH   SOLE   758,333 0 0
HARBORONE BANCORP INC. COM NEW 41165Y100 552 40,000 SH   SOLE   40,000 0 0
HAWTHORN BANCSHARES COM 420476103 8,344 354,367 SH   SOLE   354,367 0 0
HORIZON BANCORP COM 440407104 36,615 2,157,763 SH   SOLE   2,157,763 0 0
HUNTINGTON BANCSHARES COM 446150104 3,188 265,000 SH   SOLE   265,000 0 0
INDEPENDENT BK MICH COM 453838609 6,574 359,985 SH   SOLE   359,985 0 0
KEYCORP COM 493267108 3,877 225,000 SH   SOLE   225,000 0 0
LAKELAND BANCORP COM 511637100 1,462 128,600 SH   SOLE   128,600 0 0
LUMENT FINANCE TRUST COM 55025L108 3,752 1,576,518 SH   SOLE   1,576,518 0 0
MAGYAR BANCORP COM 55977T208 7,804 658,557 SH   SOLE   658,557 0 0
MALVERN BANCORP COM 561409103 11,996 753,961 SH   SOLE   753,961 0 0
MERCHANTS BANCORP IND COM 58844R108 4,439 214,794 SH   SOLE   214,794 0 0
NEW YORK CMNTY BANCORP COM 649445103 2,739 350,000 SH   SOLE   350,000 0 0
OLD POINT FINL COM 680194107 15,288 625,246 SH   SOLE   625,246 0 0
PRIMIS FINANCIAL COM 74167B109 6,955 541,259 SH   SOLE   541,259 0 0
SOUTHERN FIRST BANCSHARES INC COM 842873101 436 10,000 SH   SOLE   10,000 0 0
SYNCHRONY FINANCIAL COM 87165B103 7,529 281,600 SH   SOLE   281,600 0 0
UMPQUA HLDGS COM 904214103 419 25,000 SH   SOLE   25,000 0 0
UNITED CMNTY BKS BLAIRSVLE GA COM 90984P303 4,338 143,683 SH   SOLE   143,683 0 0
WEBSTER FINL COM 947890109 1,661 50,002 SH   SOLE   50,002 0 0