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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Bankwell Financial Group Inc Equity 06654A103 5,148 139,359 SH   SOLE   139,359 0 0
Carolina Financial Corp Equity 143873107 3,121 86,977 SH   SOLE   86,977 0 0
Comerica Inc Equity 200340107 6,635 87,000 SH   SOLE   87,000 0 0
Central Valley Community Banco Equity 155685100 1,279 57,364 SH   SOLE   57,364 0 0
Community West Bancshares Equity 204157101 3,204 308,058 SH   SOLE   308,058 0 0
Citizens First Corp Equity 17462Q107 4,069 170,677 SH   SOLE   170,677 0 0
First Bancshares Inc/The Equity 318916103 1,699 56,338 SH   SOLE   56,338 0 0
1st Constitution Bancorp Equity 31986N102 2,272 125,198 SH   SOLE   125,198 0 0
First Citizens BancShares Inc/ Equity 31946M103 6,401 17,121 SH   SOLE   17,121 0 0
Howard Bancorp Inc Equity 442496105 1,527 73,057 SH   SOLE   73,057 0 0
Fidelity Southern Corp Equity 316394105 6,481 274,141 SH   SOLE   274,141 0 0
Middlefield Banc Corp Equity 596304204 3,458 75,000 SH   SOLE   75,000 0 0
NI Holdings Inc Equity 65342T106 1,020 56,971 SH   SOLE   56,971 0 0
Norwood Financial Corp Equity 669549107 994 32,561 SH   SOLE   32,561 0 0
Oak Valley Bancorp Equity 671807105 4,959 295,362 SH   SOLE   295,362 0 0
Peapack Gladstone Financial Co Equity 704699107 4,454 132,009 SH   SOLE   132,009 0 0
Plumas Bancorp Equity 729273102 7,372 352,747 SH   SOLE   352,747 0 0
QCR Holdings Inc Equity 74727A104 0 0 SH   SOLE   0 0 0
Regions Financial Corp Equity 7591EP100 7,286 478,383 SH   SOLE   478,383 0 0
Southern Missouri Bancorp Inc Equity 843380106 4,221 115,680 SH   SOLE   115,680 0 0
SmartFinancial Inc Equity 83190L208 610 25,350 SH   SOLE   25,350 0 0
Community Financial Corp/The Equity 20368X101 2,276 64,347 SH   SOLE   64,347 0 0
Timberland Bancorp Inc/WA Equity 887098101 11,781 375,899 SH   SOLE   375,899 0 0
Wellesley Bank Equity 949485106 688 25,466 SH   SOLE   25,466 0 0
Zions Bancorporation Equity 989701107 6,841 145,000 SH   SOLE   145,000 0 0
Zions Bancorporation Warrant 989701115 835 55,000 SH   SOLE   55,000 0 0