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
ALLEGIANCE BANCSHARES INC COM 01748H107 9,281 237,068 SH   SOLE NONE 177,192 0 59,876
AMERICAN EXPRESS CO COM 025816109 16,481 176,688 SH   SOLE NONE 23,460 0 153,228
BANNER CORP COM NEW 06652V208 29,528 532,125 SH   SOLE NONE 317,776 0 214,349
BERKSHIRE HILLS BANCORP INC COM 084680107 12,944 341,081 SH   SOLE NONE 115,211 0 225,870
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 18,513 1,416,456 SH   SOLE NONE 1,416,456 0 0
BYLINE BANCORP INC COM 124411109 20,658 900,899 SH   SOLE NONE 683,021 0 217,878
CAMDEN NATL CORP COM 133034108 872 19,604 SH   SOLE NONE 0 0 19,604
CAPITAL ONE FINL CORP COM 14040H105 14,175 147,929 SH   SOLE NONE 16,069 0 131,860
CBTX INC COM 12481V104 3,268 111,000 SH   SOLE NONE 111,000 0 0
CENTERSTATE BK CORP COM 15201P109 19,915 750,678 SH   SOLE NONE 115,776 0 634,902
CONNECTONE BANCORP INC NEW COM 20786W107 13,293 461,558 SH   SOLE NONE 414,185 0 47,373
ENTERPRISE FINL SVCS CORP COM 293712105 24,327 518,703 SH   SOLE NONE 298,151 0 220,552
EQUITY BANCSHARES INC COM CL A 29460X109 5,679 145,011 SH   SOLE NONE 114,074 0 30,937
FIRST BANCSHARES INC MS COM 318916103 1,225 37,999 SH   SOLE NONE 37,999 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 33,810 1,374,942 SH   SOLE NONE 843,742 0 531,200
HAWTHORN BANCSHARES INC COM 420476103 7,422 359,612 SH   SOLE NONE 359,612 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 7,526 1,450,002 SH   SOLE NONE 456,348 0 993,654
JPMORGAN CHASE & CO COM 46625H100 20,618 187,483 SH   SOLE NONE 2,508 0 184,975
LUTHER BURBANK CORP COM 550550107 516 42,996 SH   SOLE NONE 42,996 0 0
MB FINANCIAL INC NEW COM 55264U108 7,644 188,829 SH   SOLE NONE 34,049 0 154,780
MERCHANTS BANCORP IND COM 58844R108 5,184 241,119 SH   SOLE NONE 237,947 0 3,172
MIDLAND STS BANCORP INC ILL COM 597742105 38,895 1,232,399 SH   SOLE NONE 959,476 0 272,923
MVB FINANCIAL CORP COM 553810102 5,606 283,863 SH   SOLE NONE 283,863 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 4,158 319,084 SH   SOLE NONE 319,084 0 0
OCEANFIRST FINL CORP COM 675234108 24,168 903,474 SH   SOLE NONE 502,607 0 400,867
OLD LINE BANCSHARES INC COM 67984M100 12,022 364,294 SH   SOLE NONE 364,294 0 0
OPUS BK IRVINE CALIF COM 684000102 19,237 687,041 SH   SOLE NONE 396,389 0 290,652
ORRSTOWN FINL SVCS INC COM 687380105 7,111 294,438 SH   SOLE NONE 294,438 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 19,466 2,038,274 SH   SOLE NONE 2,038,274 0 0
PACWEST BANCORP DEL COM 695263103 23,473 473,919 SH   SOLE NONE 66,303 0 407,616
PNC FINL SVCS GROUP INC COM 693475105 14,661 96,937 SH   SOLE NONE 1,595 0 95,342
QCR HOLDINGS INC COM 74727A104 9,420 210,032 SH   SOLE NONE 118,885 0 91,147
SIGNATURE BK NEW YORK N Y COM 82669G104 31,907 224,775 SH   SOLE NONE 85,350 0 139,425
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 14,399 506,105 SH   SOLE NONE 255,071 0 251,034
STERLING BANCORP DEL COM 85917A100 3,499 155,168 SH   SOLE NONE 47,024 0 108,144
SUNTRUST BKS INC COM 867914103 17,122 251,646 SH   SOLE NONE 21,278 0 230,368
SVB FINL GROUP COM 78486Q101 12,114 50,472 SH   SOLE NONE 8,044 0 42,428
TOWNEBANK PORTSMOUTH VA COM 89214P109 9,615 336,190 SH   SOLE NONE 71,695 0 264,495
UNIVEST CORP PA COM 915271100 18,578 670,695 SH   SOLE NONE 377,042 0 293,653
VERITEX HLDGS INC COM 923451108 29,363 1,061,179 SH   SOLE NONE 712,630 0 348,549
WSFS FINL CORP COM 929328102 6,669 139,223 SH   SOLE NONE 9,954 0 129,269
ZIONS BANCORPORATION COM 989701107 17,880 339,077 SH   SOLE NONE 36,835 0 302,242