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
AMES NATL CORP COM 031001100   16,979,415 719,162 SH   SOLE   719,162 0 0
BANK PRINCETON NEW JERSEY COM 064520109   1,038,227 32,731 SH   SOLE   32,731 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105   12,896,308 1,032,558 SH   SOLE   1,032,558 0 0
CALIFORNIA BANCORP INC COM 13005U101   6,049,204 254,382 SH   SOLE   254,382 0 0
CENTRAL VY CMNTY BANCORP COM 155685100   11,984,441 565,838 SH   SOLE   565,838 0 0
CHEMUNG FINL CORP COM 164024101   9,628,898 209,952 SH   SOLE   209,952 0 0
CHOICEONE FINL SVCS INC COM 170386106   5,552,311 191,459 SH   SOLE   191,459 0 0
CITIZENS FINANCIAL SERVS INC COM 174615104   4,252,129 55,424 SH   SOLE   55,424 0 0
CITIZENS FINL GROUP INC COM 174610105   791,337 20,100 SH   SOLE   20,100 0 0
CODORUS VY BANCORP INC COM 192025104   16,501,490 693,529 SH   SOLE   693,529 0 0
COLONY BANKCORP INC COM 19623P101   12,305,186 969,338 SH   SOLE   969,338 0 0
COMERICA INC COM 200340107   1,009,435 15,100 SH   SOLE   15,100 0 0
COMMUNITY FINL CORP MD COM 20368X101   22,403,481 561,587 SH   SOLE   561,587 0 0
EAGLE BANCORP MONT INC COM 26942G100   653,866 40,462 SH   SOLE   40,462 0 0
EVANS BANCORP INC COM NEW 29911Q208   15,872,317 424,507 SH   SOLE   424,507 0 0
FINWARD BANCORP COM 31812F109   13,736,378 379,458 SH   SOLE   379,458 0 0
FIRST CMNTY CORP S C COM 319835104   11,815,916 539,786 SH   SOLE   539,786 0 0
FIRST NATL CORP COM 32106V107   10,691,696 624,241 SH   SOLE   624,241 0 0
FIRST NORTHWEST BANCORP COM 335834107   2,410,157 156,952 SH   SOLE   156,952 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   3,331,880 166,594 SH   SOLE   166,594 0 0
FNCB BANCORP INC COM 302578109   793,538 96,655 SH   SOLE   96,655 0 0
FRANKLIN FINL SVCS CORP COM 353525108   11,299,155 313,109 SH   SOLE   313,109 0 0
FS BANCORP INC COM 30263Y104   10,547,979 315,430 SH   SOLE   315,430 0 0
FVCBANKCORP INC COM 36120Q101   17,497,909 917,574 SH   SOLE   917,574 0 0
HMN FINL INC COM 40424G108   1,382,663 64,804 SH   SOLE   64,804 0 0
INVESTAR HLDG CORP COM 46134L105   21,182,567 983,888 SH   SOLE   983,888 0 0
KEYCORP COM 493267108   872,742 50,100 SH   SOLE   50,100 0 0
M & T BK CORP COM 55261F104   1,174,986 8,100 SH   SOLE   8,100 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   4,208,373 153,174 SH   SOLE   153,174 0 0
MERIDIAN CORPORATION COM 58958P104   4,801,188 158,512 SH   SOLE   158,512 0 0
MIDDLEFIELD BANC CORP COM NEW 596304204   2,942,733 107,399 SH   SOLE   107,399 0 0
NORTHRIM BANCORP INC COM 666762109   8,582,988 157,284 SH   SOLE   157,284 0 0
NORWOOD FINL CORP COM 669549107   7,281,995 217,763 SH   SOLE   217,763 0 0
OAK VY BANCORP OAKDALE CALIF COM 671807105   4,479,785 197,783 SH   SOLE   197,783 0 0
PEOPLES BANCORP N C INC COM 710577107   13,643,695 419,080 SH   SOLE   419,080 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106   217,436 23,330 SH   SOLE   23,330 0 0
PRIMIS FINANCIAL CORP COM 74167B109   810,168 68,422 SH   SOLE   68,422 0 0
RIVERVIEW BANCORP INC COM 769397100   490,598 63,880 SH   SOLE   63,880 0 0
SHORE BANCSHARES INC COM 825107105   30,469,576 1,748,027 SH   SOLE   1,748,027 0 0
SIERRA BANCORP COM 82620P102   213,000 10,000 SH   SOLE   10,000 0 0
SOUTHERN STS BANCSHARES INC COM 843878307   17,356,945 599,850 SH   SOLE   599,850 0 0
TIMBERLAND BANCORP INC COM 887098101   15,279,467 447,806 SH   SOLE   447,806 0 0
TRUIST FINL CORP COM 89832Q109   864,903 20,100 SH   SOLE   20,100 0 0
UNITY BANCORP INC COM 913290102   12,996,924 475,564 SH   SOLE   475,564 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103   6,199,559 169,129 SH   SOLE   169,129 0 0
WELLS FARGO CO NEW COM 949746101   830,342 20,110 SH   SOLE   20,110 0 0
WESTERN NEW ENG BANCORP INC COM 958892101   3,287,132 347,477 SH   SOLE   347,477 0 0
ZIONS BANCORPORATION N A COM 989701107   993,425 20,208 SH   SOLE   20,208 0 0