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
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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
BANC OF CALIFORNIA INC COM 05990K106   5,635,807 397,167 SH   SOLE   397,167 0 0
BANNER CORP COM NEW 06652V208   2,344,504 36,765 SH   SOLE   36,765 0 0
CALIFORNIA BANCORP COM 84252A106   2,803,005 195,604 SH   SOLE   195,604 0 0
CARTER BANKSHARES INC COM NEW 146103106   6,259,605 386,873 SH   SOLE   386,873 0 0
CB FINL SVCS INC COM 12479G101   1,976,820 69,484 SH   SOLE   69,484 0 0
CITIZENS FINL GROUP INC COM 174610105   2,763,590 67,454 SH   SOLE   67,454 0 0
CNB FINL CORP PA COM 126128107   4,210,612 189,241 SH   SOLE   189,241 0 0
COLONY BANKCORP INC COM 19623P101   7,473,622 462,763 SH   SOLE   462,763 0 0
COLUMBIA BKG SYS INC COM 197236102   2,239,113 89,780 SH   SOLE   89,780 0 0
COMERICA INC COM 200340107   2,944,436 49,855 SH   SOLE   49,855 0 0
EAGLE BANCORP MONT INC COM 26942G100   3,161,120 188,611 SH   SOLE   188,611 0 0
EQUITY BANCSHARES INC COM CL A 29460X109   2,260,142 57,364 SH   SOLE   57,364 0 0
F N B CORP COM 302520101   2,359,412 175,421 SH   SOLE   175,421 0 0
FIRST BANCSHARES INC MISS COM 318916103   6,655,329 196,845 SH   SOLE   196,845 0 0
FIRST BK WILLIAMSTOWN NEW JE COM 31931U102   2,290,515 154,660 SH   SOLE   154,660 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103   8,185,940 4,415 SH   SOLE   4,415 0 0
FIRST MERCHANTS CORP COM 320817109   3,803,261 94,047 SH   SOLE   94,047 0 0
FIRST NATL CORP COM 32106V107   6,991,828 311,440 SH   SOLE   311,440 0 0
FIRST NORTHWEST BANCORP COM 335834107   2,669,002 262,697 SH   SOLE   262,697 0 0
HANCOCK WHITNEY CORPORATION COM 410120109   4,522,135 86,218 SH   SOLE   86,218 0 0
HANMI FINL CORP COM NEW 410495204   1,623,612 71,651 SH   SOLE   71,651 0 0
HOMETRUST BANCSHARES INC COM 437872104   1,621,273 47,295 SH   SOLE   47,295 0 0
HUNTINGTON BANCSHARES INC COM 446150104   3,002,000 200,000 SH   SOLE   200,000 0 0
INVESTAR HLDG CORP COM 46134L105   2,572,275 146,069 SH   SOLE   146,069 0 0
MID PENN BANCORP INC COM 59540G107   5,107,146 197,111 SH   SOLE   197,111 0 0
ORRSTOWN FINL SVCS INC COM 687380105   5,310,750 176,966 SH   SOLE   176,966 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104   3,902,696 36,804 SH   SOLE   36,804 0 0
PRIMIS FINANCIAL CORP COM 74167B109   2,249,270 230,222 SH   SOLE   230,222 0 0
SB FINL GROUP INC COM 78408D105   3,666,131 176,087 SH   SOLE   176,087 0 0
SHORE BANCSHARES INC COM 825107105   1,996,974 147,487 SH   SOLE   147,487 0 0
SOUTHSTATE CORPORATION COM 840441109   2,386,866 25,715 SH   SOLE   25,715 0 0
SYNOVUS FINL CORP COM NEW 87161C501   3,564,065 76,253 SH   SOLE   76,253 0 0
UMB FINL CORP COM 902788108   2,438,734 24,122 SH   SOLE   24,122 0 0
VALLEY NATL BANCORP COM 919794107   2,951,480 332,000 SH   SOLE   332,000 0 0
WEBSTER FINL CORP COM 947890109   5,251,656 101,875 SH   SOLE   101,875 0 0
WESTERN ALLIANCE BANCORP COM 957638109   6,513,110 84,773 SH   SOLE   84,773 0 0
WINTRUST FINL CORP COM 97650W108   3,345,685 29,750 SH   SOLE   29,750 0 0
ZIONS BANCORPORATION N A COM 989701107   2,493,000 50,000 SH   SOLE   50,000 0 0