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
1st Capital Bancorp Common 319427100   2,893 325,058 SH   SOLE   325,058 0 0
1st Colonial Bancorp Common 319716106   2,488 253,644 SH   SOLE   253,644 0 0
Alerus Financial Corporation Common 01446U103   10,483 583,022 SH   SOLE   583,022 0 0
Alpine Banks of Colorado Common 020810107   12,774 465,353 SH   SOLE   465,353 0 0
AMB Financial Corp. Common 001984103   228 10,762 SH   SOLE   10,762 0 0
American Business Bank Common 02475L105   16,291 603,363 SH   SOLE   603,363 0 0
American National Bankshares Inc. Common 027745108   1,088 37,549 SH   SOLE   37,549 0 0
American Riviera Bancorp Common 02933K103   6,098 401,196 SH   SOLE   401,196 0 0
Avidbank Holdings, Inc. Common 05368J103   11,465 695,697 SH   SOLE   695,697 0 0
Banc of California, Inc. Common 05990K106   7,844 677,412 SH   SOLE   677,412 0 0
Bancorp 34, Inc. Common 05970V106   1,571 142,857 SH   SOLE   142,857 0 0
Bank of Botetourt Common 063907208   1,457 49,824 SH   SOLE   49,824 0 0
Bank of the James Financial Group, Inc. Common 470299108   956 105,086 SH   SOLE   105,086 0 0
Bank7 Corp Common 06652N107   9,444 385,000 SH   SOLE   385,000 0 0
Bankwell Financial Group, Inc. Common 06654A103   6,866 281,623 SH   SOLE   281,623 0 0
Bay Community Bancorp Common 072205107   4,798 592,316 SH   SOLE   592,316 0 0
BayFirst Financial Corp. Common 07279B104   1,804 133,593 SH   SOLE   133,593 0 0
BCB Bancorp, Inc. Common 055298103   898 76,496 SH   SOLE   76,496 0 0
Blue Ridge Bankshares, Inc. Common 095825105   9,978 1,127,414 SH   SOLE   1,127,414 0 0
Blueharbor Bank Common 095613105   2,943 161,283 SH   SOLE   161,283 0 0
Bridgewater Bancshares, Inc. Common 108621103   621 63,009 SH   SOLE   63,009 0 0
Business First Bancshares, Inc. Common 12326C105   7,204 478,003 SH   SOLE   478,003 0 0
Byline Bancorp, Inc. Common 124411109   8,693 480,544 SH   SOLE   480,544 0 0
California BanCorp Common 13005U101   9,146 609,709 SH   SOLE   609,709 0 0
Cambridge Bancorp Common 132152109   4,808 88,528 SH   SOLE   88,528 0 0
Capital Bancorp, Inc. Common 139737100   672 37,122 SH   SOLE   37,122 0 0
CapStar Financial Holdings, Inc. Common 14070T102   4,808 391,881 SH   SOLE   391,881 0 0
Cashmere Valley Bank Common 14756K102   1,264 29,387 SH   SOLE   29,387 0 0
Chino Commercial Bancorp Common 16957L102   1,528 130,127 SH   SOLE   130,127 0 0
Citizens Community Bancorp, Inc. Common 174903104   7,764 877,327 SH   SOLE   877,327 0 0
CNB Corporation Common 12612R105   1,076 14,348 SH   SOLE   14,348 0 0
CNB Financial Corporation Common 126128107   8,775 497,188 SH   SOLE   497,188 0 0
Coastal Carolina Bancshares, Inc. Common 190435107   2,551 296,992 SH   SOLE   296,992 0 0
CoastalSouth Bancshares, Inc. Common 19058X207   3,075 214,258 SH   SOLE   214,258 0 0
Codorus Valley Bancorp, Inc. Common 192025104   2,220 113,186 SH   SOLE   113,186 0 0
Colony Bankcorp Inc. Common 19623P101   10,410 1,105,072 SH   SOLE   1,105,072 0 0
Commencement Bancorp, Inc. Common 20051D107   2,758 278,560 SH   SOLE   278,560 0 0
Community Bancorp of Santa Maria Common 20344R103   345 36,600 SH   SOLE   36,600 0 0
Community Financial Corporation Common 20368X101   724 26,732 SH   SOLE   26,732 0 0
Community First Bancorporation Common 203916101   717 113,744 SH   SOLE   113,744 0 0
Community Heritage Financial Inc. Common 20370L103   3,026 206,558 SH   SOLE   206,558 0 0
ConnectOne Bancorp, Inc. Common 20786W107   10,402 627,006 SH   SOLE   627,006 0 0
Cornerstone Financial Corporation Common 21925G201   1,380 150,000 SH   SOLE   150,000 0 0
CrossFirst Bankshares, Inc. Common 22766M109   16,103 1,610,289 SH   SOLE   1,610,289 0 0
Crystal Valley Financial Common 22941P100   655 11,100 SH   SOLE   11,100 0 0
Dime Community Bancshares, Inc Common 25432X102   3,839 217,777 SH   SOLE   217,777 0 0
Eagle Financial Services Inc. Common 26951R104   1,343 44,034 SH   SOLE   44,034 0 0
Enterprise Bancorp, Inc. Common 293668109   5,446 188,186 SH   SOLE   188,186 0 0
Equity Bancshares, Inc. Common 29460X109   3,150 138,292 SH   SOLE   138,292 0 0
ES Bancshares, Inc. Common 296049109   1,456 410,045 SH   SOLE   410,045 0 0
FB Financial Corp. Common 30257X104   1,882 67,089 SH   SOLE   67,089 0 0
Fentura Financial, Inc. Common 314645102   6,737 348,149 SH   SOLE   348,149 0 0
FineMark Holdings, Inc. Common 31788B108   19,207 824,344 SH   SOLE   824,344 0 0
First Bancshares, Inc. Common 318916103   2,128 82,361 SH   SOLE   82,361 0 0
First Bank Common 31931U102   13,805 1,329,921 SH   SOLE   1,329,921 0 0
First Business Financial Services Common 319390100   13,527 458,694 SH   SOLE   458,694 0 0
First Capital Bancshares, Inc. Common 31941G101   3,659 428,396 SH   SOLE   428,396 0 0
First Commonwealth Common 319829107   1,630 128,825 SH   SOLE   128,825 0 0
First Community Corporation Common 319835104   3,900 224,660 SH   SOLE   224,660 0 0
First Farmers and Merchants Corporation Common 320148109   562 20,992 SH   SOLE   20,992 0 0
First Foundation Inc. Common 32026V104   5,372 1,353,054 SH   SOLE   1,353,054 0 0
First Internet Bancorp Common 320557101   5,826 392,313 SH   SOLE   392,313 0 0
First National Corporation Common 32106V107   3,688 223,120 SH   SOLE   223,120 0 0
First Northern Community Bancorp Common 335925103   6,018 859,651 SH   SOLE   859,651 0 0
First Reliance Bancshares, Inc. Common 33615Q100   3,966 622,584 SH   SOLE   622,584 0 0
First Southern Bank Common 33650R104   1,493 196,250 SH   SOLE   196,250 0 0
First Virginia Community Bank Common 36120Q101   4,124 382,921 SH   SOLE   382,921 0 0
First Western Financial, Inc. Common 33751L105   14,106 758,386 SH   SOLE   758,386 0 0
FirstSun Capital Bancorp Common 33767U107   6,054 237,396 SH   SOLE   237,396 0 0
Five Star Bancorp Common 33830T103   2,868 128,200 SH   SOLE   128,200 0 0
Foresight Financial Group, Inc. Common 345526107   3,571 142,598 SH   SOLE   142,598 0 0
Franklin Financial Services Corp. Common 353525108   755 27,199 SH   SOLE   27,199 0 0
Grand River Commerce, Inc. Common 386441109   2,676 675,014 SH   SOLE   675,014 0 0
Hanover Bancorp Inc. Common 410710206   4,037 228,440 SH   SOLE   228,440 0 0
HBT Financial, Inc. Common 404111106   11,520 624,712 SH   SOLE   624,712 0 0
Heritage Commerce Corp Common 426927109   5,234 632,083 SH   SOLE   632,083 0 0
i3 Verticals, Inc. Common 46571Y107   807 35,300 SH   SOLE   35,300 0 0
InBankshares, Corp Common 45332V105   125 16,643 SH   SOLE   16,643 0 0
Investar Holding Corporation Common 46134L105   7,178 592,699 SH   SOLE   592,699 0 0
Lakeland Bancorp, Inc. Common 511637100   11,412 852,306 SH   SOLE   852,306 0 0
LinkBancorp Common 53578P105   6,024 1,004,000 SH   SOLE   1,004,000 0 0
Live Oak Bancshares Common 53803X105   335 12,750 SH   SOLE   12,750 0 0
MainStreet Bancshares, Inc. Common 56064Y100   13,740 606,371 SH   SOLE   606,371 0 0
Malaga Financial Corporation Common 561046103   2,214 98,385 SH   SOLE   98,385 0 0
Malvern Bancorp, Inc. Common 561409103   7,995 507,602 SH   SOLE   507,602 0 0
McHenry Bancorp, Inc. Common 580683209   2,105 60,000 SH   SOLE   60,000 0 0
Mercantile Bank Corporation Common 587376104   13,621 493,158 SH   SOLE   493,158 0 0
Merchants Bancorp Common 58844R108   13,038 509,700 SH   SOLE   509,700 0 0
Merchants Financial Group, Inc. Common 588538108   5,115 196,748 SH   SOLE   196,748 0 0
Meridian Bank Common 58958P104   7,141 728,688 SH   SOLE   728,688 0 0
Metropolitan Bank Holding Corp. Common 591774104   8,080 232,664 SH   SOLE   232,664 0 0
Mid Penn Bank Common 59540G107   10,153 459,827 SH   SOLE   459,827 0 0
Mission Valley Bancorp Common 60520E104   2,376 188,542 SH   SOLE   188,542 0 0
Mountain Commerce Bancorp Common 624004107   9,456 573,095 SH   SOLE   573,095 0 0
MVB Financial Corp. Common 553810102   1,888 89,567 SH   SOLE   89,567 0 0
nCino, Inc. Common 63947X101   279 9,260 SH   SOLE   9,260 0 0
Northway Financial, Inc. Common 667270201   3,001 158,038 SH   SOLE   158,038 0 0
Oak Ridge Financial Services, Inc. Common 671768109   921 61,364 SH   SOLE   61,364 0 0
Oak Valley Bancorp Common 671807105   4,681 185,837 SH   SOLE   185,837 0 0
Old Second Bancorp, Inc. Common 680277100   26,790 2,051,310 SH   SOLE   2,051,310 0 0
Open Lending Corporation Common 68373J104   360 34,220 SH   SOLE   34,220 0 0
Orange County Bancorp Common 68417L107   15,739 425,380 SH   SOLE   425,380 0 0
Oregon Pacific Bancorp Common 686040205   3,542 621,386 SH   SOLE   621,386 0 0
Origin Bancorp Inc. Common 68621T102   4,868 166,142 SH   SOLE   166,142 0 0
Pacific West Bancorp Common 69506J102   1,527 145,715 SH   SOLE   145,715 0 0
PacWest Bancorp Common 695263103   4,601 564,497 SH   SOLE   564,497 0 0
Payoneer Global Inc Common 70451X104   66 13,700 SH   SOLE   13,700 0 0
Peapack-Gladstone Financial Corporation Common 704699107   19,823 731,999 SH   SOLE   731,999 0 0
Peoples Bancorp Common 70979X107   2,287 11,434 SH   SOLE   11,434 0 0
Peoples Bancorp Inc. Common 709789101   5,287 199,145 SH   SOLE   199,145 0 0
Pinnacle Bank Common 72346K107   3,392 285,528 SH   SOLE   285,528 0 0
Pinnacle Bankshares Corporation Common 72345E102   1,578 83,043 SH   SOLE   83,043 0 0
Potomac Bancshares, Inc. Common 737643106   660 41,492 SH   SOLE   41,492 0 0
Prime Meridian Holding Company Common 74164R107   4,891 232,776 SH   SOLE   232,776 0 0
Primis Financial Corporation Common 74167B109   13,881 1,648,521 SH   SOLE   1,648,521 0 0
Princeton Bancorp, Inc. Common 74179A107   7,721 282,631 SH   SOLE   282,631 0 0
Private Bancorp of America, Inc. Common 74274F100   8,036 297,097 SH   SOLE   297,097 0 0
PSB Holdings, Inc. Common 69360N108   6,548 321,756 SH   SOLE   321,756 0 0
QNB Corp. Common 74726N107   1,326 57,737 SH   SOLE   57,737 0 0
Republic First Bancorp, Inc. Common 760416107   903 1,003,081 SH   SOLE   1,003,081 0 0
River City Bank Common 76803X106   4,302 21,617 SH   SOLE   21,617 0 0
Riverview Bancorp, Inc. Common 769397100   1,305 259,007 SH   SOLE   259,007 0 0
Salisbury Bancorp, Inc. Common 795226109   540 22,793 SH   SOLE   22,793 0 0
Santa Cruz County Bank Common 801827106   15,286 599,467 SH   SOLE   599,467 0 0
Shift4 Payments Common 82452J109   196 2,880 SH   SOLE   2,880 0 0
Shore Bancshares, Inc. Common 825107105   4,608 398,586 SH   SOLE   398,586 0 0
Sierra Bancorp Common 82620P102   7,412 436,746 SH   SOLE   436,746 0 0
Silvercrest Asset Management Group Inc. Common 828359109   4,117 203,286 SH   SOLE   203,286 0 0
SmartFinancial, Inc. Common 83190L208   12,640 587,648 SH   SOLE   587,648 0 0
South Atlantic Bancshares, Inc. Common 83636T104   4,301 430,078 SH   SOLE   430,078 0 0
Southern BancShares (N.C.), Inc. Common 842243107   7,031 1,302 SH   SOLE   1,302 0 0
Southern California Bancorp Common 84252A106   5,762 419,996 SH   SOLE   419,996 0 0
Southern First Bancshares, Inc. Common 842873101   10,360 418,573 SH   SOLE   418,573 0 0
Southern States Bancshares, Inc. Common 843878307   10,677 506,022 SH   SOLE   506,022 0 0
SouthPoint Bancshares, Inc. Common 844647107   3,127 109,704 SH   SOLE   109,704 0 0
Sterling Bancorp, Inc. Common 85917W102   2,746 502,061 SH   SOLE   502,061 0 0
Studio Bank Common 86389R100   850 74,074 SH   SOLE   74,074 0 0
Summit Bank Group, Inc. Common 86603R100   718 61,893 SH   SOLE   61,893 0 0
Summit State Bank Common 866264203   6,639 439,395 SH   SOLE   439,395 0 0
Texas Capital Bancshares, Inc. Common 88224Q107   12,587 244,405 SH   SOLE   244,405 0 0
The Bancorp, Inc. Common 05969A105   1,766 54,092 SH   SOLE   54,092 0 0
Third Coast Bancshares Common 88422P109   7,739 487,654 SH   SOLE   487,654 0 0
Traditions Bancorp, Inc. Common 89269L102   3,834 222,235 SH   SOLE   222,235 0 0
Tri City Bankshares Corporation Common 895364107   2,301 171,041 SH   SOLE   171,041 0 0
Triumph Bancorp, Inc. Common 89679E300   20,124 331,418 SH   SOLE   331,418 0 0
United Bancorporation of Alabama, Inc. Common 90944R100   4,906 122,699 SH   SOLE   122,699 0 0
United Security Bankshares Common 911460103   2,308 346,563 SH   SOLE   346,563 0 0
Unity Bancorp, Inc. Common 913290102   23,392 991,614 SH   SOLE   991,614 0 0
USCB Financial Holdings Inc. Common 90355N101   2,856 280,000 SH   SOLE   280,000 0 0
Veritex Holdings, Inc. Common 923451108   4,608 257,000 SH   SOLE   257,000 0 0
Village Bank and Trust Financial Corp. Common 92705T200   641 14,838 SH   SOLE   14,838 0 0
Virginia National Bankshares Corp. Common 928031103   741 23,039 SH   SOLE   23,039 0 0
W.T.B. Financial Corporation Common 929334209   1,749 6,292 SH   SOLE   6,292 0 0
WEX Inc. Common 96208T104   1,813 9,955 SH   SOLE   9,955 0 0
White River Bancshares Company Common 96445A108   2,847 41,565 SH   SOLE   41,565 0 0