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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERANT BANCORP INC CL A 023576101   958,898 52,600 SH   SOLE   52,600 0 0
AMES NATL CORP COM 031001100   1,776,815 99,765 SH   SOLE   99,765 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107   10,053,392 321,400 SH   SOLE   321,400 0 0
BANK MARIN BANCORP COM 063425102   6,317,042 276,578 SH   SOLE   276,578 0 0
BANK OF THE JAMES FINL GP IN COM 470299108   3,172,189 225,618 SH   SOLE   225,618 0 0
BANKWELL FINL GROUP INC COM 06654A103   9,615,146 266,865 SH   SOLE   266,865 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107   1,277,040 51,000 SH   SOLE   51,000 0 0
BRIDGEWATER BANCSHARES INC COM 108621103   335,446 21,084 SH   SOLE   21,084 0 0
BURKE HERBERT FINL SVCS CORP COM 12135Y108   6,779,833 113,508 SH   SOLE   113,508 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105   854,221 34,654 SH   SOLE   34,654 0 0
BV FINL INC COM NEW 05603E208   12,832,189 842,560 SH   SOLE   842,560 0 0
C & F FINL CORP COM 12466Q104   603,164 9,771 SH   SOLE   9,771 0 0
CALIFORNIA BANCORP COM 84252A106   34,509,215 2,189,671 SH   SOLE   2,189,671 0 0
CAPITOL FED FINL INC COM 14057J101   1,209,630 198,300 SH   SOLE   198,300 0 0
CARTER BANKSHARES INC COM NEW 146103106   10,124,705 583,893 SH   SOLE   583,893 0 0
CB FINL SVCS INC COM 12479G101   986,699 34,621 SH   SOLE   34,621 0 0
CF BANKSHARES INC COM 12520L109   10,095,948 421,191 SH   SOLE   421,191 0 0
CHEMUNG FINL CORP COM 164024101   789,382 16,286 SH   SOLE   16,286 0 0
CHOICEONE FINL SVCS INC COM 170386106   32,802,923 1,142,959 SH   SOLE   1,142,959 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104   3,488,543 252,793 SH   SOLE   252,793 0 0
CITIZENS FINL GROUP INC COM 174610105   1,123,225 25,100 SH   SOLE   25,100 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107   469,220 20,225 SH   SOLE   20,225 0 0
CNB FINL CORP PA COM 126128107   1,380,081 60,371 SH   SOLE   60,371 0 0
COLONY BANKCORP INC COM 19623P101   10,025,437 608,709 SH   SOLE   608,709 0 0
COMMUNITY WEST BANCSHARES NE COM 203937107   30,707,257 1,573,924 SH   SOLE   1,573,924 0 0
CONNECTONE BANCORP INC COM 20786W107   4,818,670 208,060 SH   SOLE   208,060 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   3,127,734 116,100 SH   SOLE   116,100 0 0
EAGLE BANCORP INC MD COM 268948106   12,563,236 644,930 SH   SOLE   644,930 0 0
EAGLE BANCORP MONT INC COM 26942G100   2,571,214 154,242 SH   SOLE   154,242 0 0
EAGLE FINL SVCS INC COM 26951R104   8,612,242 281,262 SH   SOLE   281,262 0 0
EASTERN BANKSHARES INC COM 27627N105   1,293,369 84,700 SH   SOLE   84,700 0 0
FB BANCORP INC COM 31425A109   1,155,116 102,677 SH   SOLE   102,677 0 0
FIFTH DIST BANCORP INC COM 316926104   1,128,382 91,367 SH   SOLE   91,367 0 0
FINANCIAL INSTNS INC COM 317585404   21,742,254 846,661 SH   SOLE   846,661 0 0
FINWARD BANCORP COM 31812F109   1,517,167 54,930 SH   SOLE   54,930 0 0
FIRST BK WILLIAMSTOWN NEW JE COM 31931U102   720,902 46,600 SH   SOLE   46,600 0 0
FIRST BUSEY CORP COM NEW 319383204   1,122,235 49,038 SH   SOLE   49,038 0 0
FIRST CMNTY CORP S C COM 319835104   13,632,930 559,185 SH   SOLE   559,185 0 0
FIRST FNDTN INC COM 32026V104   3,417,082 670,016 SH   SOLE   670,016 0 0
FIRST INTERNET BANCORP COM 320557101   3,904,293 145,141 SH   SOLE   145,141 0 0
FIRST NATL CORP COM 32106V107   16,127,254 828,313 SH   SOLE   828,313 0 0
FIRST NORTHWEST BANCORP COM 335834107   7,217,903 937,390 SH   SOLE   937,390 0 0
FIRST UTD CORP COM 33741H107   2,965,083 95,617 SH   SOLE   95,617 0 0
FIRSTSUN CAP BANCORP COM 33767U107   236,231 6,798 SH   SOLE   6,798 0 0
FLUSHING FINL CORP COM 343873105   3,065,931 258,075 SH   SOLE   258,075 0 0
FRANKLIN FINL SVCS CORP COM 353525108   13,014,568 375,872 SH   SOLE   375,872 0 0
FVCBANKCORP INC COM 36120Q101   8,668,870 734,650 SH   SOLE   734,650 0 0
HANOVER BANCORP INC COM 410709109   6,690,129 292,273 SH   SOLE   292,273 0 0
HERITAGE COMM CORP COM 426927109   606,723 61,100 SH   SOLE   61,100 0 0
HORIZON BANCORP INC COM 440407104   522,920 34,000 SH   SOLE   34,000 0 0
INDEPENDENT BK CORP MASS COM 453836108   628,850 10,000 SH   SOLE   10,000 0 0
INVESTAR HLDG CORP COM 46134L105   584,102 30,233 SH   SOLE   30,233 0 0
JOHN MARSHALL BANCORP INC COM 47805L101   1,535,340 82,857 SH   SOLE   82,857 0 0
KEARNY FINL CORP MD COM 48716P108   7,168,442 1,109,666 SH   SOLE   1,109,666 0 0
LCNB CORP COM 50181P100   192,799 13,269 SH   SOLE   13,269 0 0
LINKBANCORP INC COM 53578P105   2,393,579 327,439 SH   SOLE   327,439 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   6,389,807 338,085 SH   SOLE   338,085 0 0
MERIDIAN CORPORATION COM 58958P104   13,976,872 1,084,319 SH   SOLE   1,084,319 0 0
METROPOLITAN BK HLDG CORP COM 591774104   9,074,380 129,634 SH   SOLE   129,634 0 0
MID PENN BANCORP INC COM 59540G107   578,974 20,531 SH   SOLE   20,531 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103   902,227 31,360 SH   SOLE   31,360 0 0
MVB FINL CORP COM 553810102   5,843,291 259,356 SH   SOLE   259,356 0 0
NATIONAL BANKSHARES INC VA COM 634865109   2,284,963 84,006 SH   SOLE   84,006 0 0
NORWOOD FINANCIAL CORP COM 669549107   510,238 19,792 SH   SOLE   19,792 0 0
OAK VY BANCORP OAKDALE CALIF COM 671807105   3,851,736 141,400 SH   SOLE   141,400 0 0
OCEANFIRST FINL CORP COM 675234108   1,991,920 113,113 SH   SOLE   113,113 0 0
OHIO VY BANC CORP COM 677719106   527,186 16,357 SH   SOLE   16,357 0 0
OLD NATL BANCORP IND COM 680033107   597,520 28,000 SH   SOLE   28,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100   816,040 46,000 SH   SOLE   46,000 0 0
OP BANCORP COM 67109R109   3,426,632 263,790 SH   SOLE   263,790 0 0
OPTIMUMBANK HLDGS INC COM 68401P403   2,238,813 500,853 SH   SOLE   500,853 0 0
ORANGE CNTY BANCORP INC COM 68417L107   6,209,559 240,308 SH   SOLE   240,308 0 0
ORRSTOWN FINL SVCS INC COM 687380105   40,065,694 1,258,740 SH   SOLE   1,258,740 0 0
PARKE BANCORP INC COM 700885106   4,091,070 200,838 SH   SOLE   200,838 0 0
PATHFINDER BANCORP INC MD COM 70319R109   1,229,148 80,127 SH   SOLE   80,127 0 0
PEOPLES BANCORP N C INC COM 710577107   1,014,424 35,162 SH   SOLE   35,162 0 0
PEOPLES FINL SVCS CORP COM 711040105   568,347 11,512 SH   SOLE   11,512 0 0
PLUMAS BANCORP COM 729273102   1,277,025 28,723 SH   SOLE   28,723 0 0
PRIMIS FINANCIAL CORP COM 74167B109   6,252,421 576,260 SH   SOLE   576,260 0 0
PRINCETON BANCORP INC COM 74179A107   624,665 20,454 SH   SOLE   20,454 0 0
PROVIDENT FINL HLDGS INC COM 743868101   1,785,755 115,210 SH   SOLE   115,210 0 0
PROVIDENT FINL SVCS INC COM 74386T105   525,900 30,000 SH   SOLE   30,000 0 0
RBB BANCORP COM 74930B105   2,830,494 164,468 SH   SOLE   164,468 0 0
RIVERVIEW BANCORP INC COM 769397100   3,756,115 682,930 SH   SOLE   682,930 0 0
SHORE BANCSHARES INC COM 825107105   8,912,077 566,926 SH   SOLE   566,926 0 0
SIERRA BANCORP COM 82620P102   757,748 25,522 SH   SOLE   25,522 0 0
SOUTHERN FIRST BANCSHARES COM 842873101   4,912,487 129,174 SH   SOLE   129,174 0 0
TEXAS COMMUNITY BANCSHARES I COM 88231Q108   376,694 23,470 SH   SOLE   23,470 0 0
TIMBERLAND BANCORP INC COM 887098101   402,386 12,897 SH   SOLE   12,897 0 0
TRUIST FINL CORP COM 89832Q109   1,079,049 25,100 SH   SOLE   25,100 0 0
UNITED SEC BANCSHARES CALIF COM 911460103   4,303,375 497,500 SH   SOLE   497,500 0 0
VALLEY NATL BANCORP COM 919794107   3,171,936 355,200 SH   SOLE   355,200 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103   328,338 8,874 SH   SOLE   8,874 0 0
WATERSTONE FINL INC MD COM 94188P101   872,709 63,194 SH   SOLE   63,194 0 0
WEBSTER FINL CORP COM 947890109   2,904,720 53,200 SH   SOLE   53,200 0 0
WESBANCO INC COM 950810101   6,588,529 208,300 SH   SOLE   208,300 0 0
WESTERN ALLIANCE BANCORP COM 957638109   1,676,570 21,500 SH   SOLE   21,500 0 0
WESTERN NEW ENG BANCORP INC COM 958892101   4,988,889 540,508 SH   SOLE   540,508 0 0