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
QCR HOLDINGS INC COM 74727A104 13,467 261,805 SH   SOLE   261,805 0 0
HOMESTREET INC COM 43785V102 10,899 264,861 SH   SOLE   264,861 0 0
WESTERN ALLIANCE BANCORP COM 957638109 10,626 97,652 SH   SOLE   97,652 0 0
PACWEST BANCORP DEL COM 695263103 9,049 199,676 SH   SOLE   199,676 0 0
PREMIER FINANCIAL CORP COM 74052F108 8,757 275,044 SH   SOLE   275,044 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 8,742 209,939 SH   SOLE   209,939 0 0
CONNECTONE BANCORP INC COM 20786W107 8,662 288,623 SH   SOLE   288,623 0 0
FIRST FNDTN INC COM 32026V104 8,079 307,179 SH   SOLE   307,179 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 7,758 28,493 SH   SOLE   28,493 0 0
CITIZENS FINL GROUP INC COM 174610105 7,528 160,233 SH   SOLE   160,233 0 0
FIRST WESTN FINL INC COM 33751L105 7,444 258,019 SH   SOLE   258,019 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 7,198 158,975 SH   SOLE   158,975 0 0
LIMESTONE BANCORP INC COM 53262L105 7,178 399,449 SH   SOLE   399,449 0 0
HERITAGE COMM CORP COM 426927109 7,178 617,190 SH   SOLE   617,190 0 0
DIME CMNTY BANCSHARES INC COM 25432X102 6,703 205,235 SH   SOLE   205,235 0 0
VALLEY NATL BANCORP COM 919794107 6,215 466,780 SH   SOLE   466,780 0 0
VERITEX HLDGS INC COM 923451108 5,931 150,687 SH   SOLE   150,687 0 0
PEOPLES BANCORP INC COM 709789101 5,758 182,158 SH   SOLE   182,158 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 5,705 211,443 SH   SOLE   211,443 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 5,672 60,294 SH   SOLE   60,294 0 0
CUSTOMERS BANCORP INC COM 23204G100 5,609 130,382 SH   SOLE   130,382 0 0
TRISTATE CAP HLDGS INC COM 89678F100 5,603 264,940 SH   SOLE   264,940 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 5,570 118,218 SH   SOLE   118,218 0 0
UMPQUA HLDGS CORP COM 904214103 5,565 274,689 SH   SOLE   274,689 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107 5,543 92,348 SH   SOLE   92,348 0 0
HOMETRUST BANCSHARES INC COM 437872104 5,462 195,211 SH   SOLE   195,211 0 0
OCEANFIRST FINL CORP COM 675234108 5,395 251,972 SH   SOLE   251,972 0 0
MACATAWA BK CORP COM 554225102 5,191 646,503 SH   SOLE   646,503 0 0
KEYCORP COM 493267108 5,124 237,000 SH   SOLE   237,000 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 4,556 188,276 SH   SOLE   188,276 0 0
East West Bancorp Inc COM 27579R104 4,524 58,347 SH   SOLE   58,347 0 0
PCSB FINL CORP COM 69324R104 4,058 220,067 SH   SOLE   220,067 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 4,047 121,318 SH   SOLE   121,318 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 3,865 253,278 SH   SOLE   253,278 0 0
BANK PRINCETON NEW JERSEY COM 064520109 3,861 129,259 SH   SOLE   129,259 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 3,739 266,304 SH   SOLE   266,304 0 0
CAMDEN NATL CORP COM 133034108 3,708 77,418 SH   SOLE   77,418 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 3,544 98,076 SH   SOLE   98,076 0 0
LAKELAND BANCORP INC COM 511637100 3,529 200,178 SH   SOLE   200,178 0 0
CAPITAL BANCORP INC MD COM 139737100 3,494 145,239 SH   SOLE   145,239 0 0
RIVERVIEW BANCORP INC COM 769397100 3,342 459,714 SH   SOLE   459,714 0 0
SMARTFINANCIAL INC COM NEW 83190L208 3,275 126,946 SH   SOLE   126,946 0 0
FLUSHING FINL CORP COM 343873105 3,261 144,287 SH   SOLE   144,287 0 0
VIRGINIA NATL BANKSHARES COR COM 911460103 3,252 407,022 SH   SOLE   407,022 0 0
CALIFORNIA BANCORP INC COM 13005U101 3,230 184,281 SH   SOLE   184,281 0 0
FIRST CMNTY CORP S C COM 319835104 2,974 150,186 SH   SOLE   150,186 0 0
REPUBLIC BANCORP INC KY CL A 760281204 2,699 53,280 SH   SOLE   53,280 0 0
FIVE STAR BANCORP COM 33830T103 2,394 100,000 SH   SOLE   100,000 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,879 52,260 SH   SOLE   52,260 0 0
U S CENTY BK DORAL FLA CLASS A COM 90343D108 1,830 150,000 SH   SOLE   150,000 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,820 78,337 SH   SOLE   78,337 0 0
MERCHANTS BANCORP IND COM 58844R108 1,496 37,893 SH   SOLE   37,893 0 0
FARMERS NATIONAL BANC CORP COM 309627107 1,311 83,422 SH   SOLE   83,422 0 0
ORANGE CNTY BANCORP INC COM 68417L107 912 25,959 SH   SOLE   25,959 0 0