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
MACATAWA BK CORP COM 554225102 13,906 1,249,399 SH   SOLE   1,249,399 0 0
CITIZENS FINL GROUP INC COM 174610105 13,741 338,366 SH   SOLE   338,366 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 13,505 211,018 SH   SOLE   211,018 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 13,109 714,379 SH   SOLE   714,379 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 11,742 243,559 SH   SOLE   243,559 0 0
ZIONS BANCORPORATION N A COM 989701107 10,135 195,196 SH   SOLE   195,196 0 0
NATIONAL BK HLDGS CORP CL A 633707104 9,904 281,213 SH   SOLE   281,213 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 9,690 447,140 SH   SOLE   447,140 0 0
SYNOVUS FINL CORP COM NEW 87161C501 9,685 247,054 SH   SOLE   247,054 0 0
KEYCORP NEW COM 493267108 9,533 471,002 SH   SOLE   471,002 0 0
HUNTINGTON BANCSHARES INC COM 446150104 9,531 632,000 SH   SOLE   632,000 0 0
Regions FINL Corp NEW COM 7591EP100 9,404 548,000 SH   SOLE   548,000 0 0
FVCBANKCORP INC COM 36120Q101 9,274 530,880 SH   SOLE   530,880 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 8,275 267,987 SH   SOLE   267,987 0 0
FARMERS NATL BANC CORP COM 309627107 8,048 493,147 SH   SOLE   493,147 0 0
OLD SECOND BANCORP INC ILL COM 680277100 7,973 591,916 SH   SOLE   591,916 0 0
FIRST WESTN FINL INC COM 33751L105 7,718 468,598 SH   SOLE   468,598 0 0
PEOPLES BANCORP INC COM 709789101 7,392 213,275 SH   SOLE   213,275 0 0
QCR HOLDINGS INC COM 74727A104 7,206 164,291 SH   SOLE   164,291 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 7,112 167,392 SH   SOLE   167,392 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 7,007 600,950 SH   SOLE   600,950 0 0
FIRST CMNTY CORP S C COM 319835104 6,781 313,782 SH   SOLE   313,782 0 0
HomeStreet Inc COM 43785V102 6,544 192,482 SH   SOLE   192,482 0 0
SELECT BANCORP INC NEW COM 81617L108 6,328 514,471 SH   SOLE   514,471 0 0
CADENCE BANCORPORATION CL A 12739A100 4,663 257,196 SH   SOLE   257,196 0 0
HOWARD BANCORP INC COM 442496105 4,429 262,400 SH   SOLE   262,400 0 0
Middlefield Banc Corp COM 596304204 4,231 162,182 SH   SOLE   162,182 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 3,163 102,360 SH   SOLE   102,360 0 0
VERITEX HLDGS INC COM 923451108 2,985 102,471 SH   SOLE   102,471 0 0
BANKWELL FINL GROUP INC COM 06654A103 2,914 101,035 SH   SOLE   101,035 0 0
ALERUS FINL CORP COM 01446U103 2,856 125,000 SH   SOLE   125,000 0 0
Pacific Mercantile Bancorp COM 694552100 2,660 327,527 SH   SOLE   327,527 0 0
CB FINL SVCS INC COM 12479G101 1,497 49,680 SH   SOLE   49,680 0 0
CORTLAND BANCORP COM 220587109 1,467 67,275 SH   SOLE   67,275 0 0
UNITED SECURITY BANCSHARES C COM 911460103 627 58,414 SH   SOLE   58,414 0 0
INDEPENDENT BK GROUP INC COM 45384B106 619 11,172 SH   SOLE   11,172 0 0