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 5,676 130,939 SH   SOLE NONE 71,848 0 59,091
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 2,207 69,254 SH   SOLE NONE 69,254 0 0
AMERICAN EXPRESS CO COM 025816109 11,148 113,757 SH   SOLE NONE 12,434 0 101,323
BANNER CORP COM NEW 06652V208 10,112 168,170 SH   SOLE NONE 34,053 0 134,117
BUSINESS FIRST BANCSHARES IN COM 12326C105 13,997 531,187 SH   SOLE NONE 531,187 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 9,589 236,186 SH   SOLE NONE 52,759 0 183,427
BLACKROCK INC COM 09247X101 10,745 21,532 SH   SOLE NONE 1,874 0 19,658
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 21,424 1,684,247 SH   SOLE NONE 1,684,247 0 0
BYLINE BANCORP INC COM 124411109 22,740 1,017,916 SH   SOLE NONE 776,468 0 241,448
CONNECTONE BANCORP INC NEW COM 20786W107 17,003 682,862 SH   SOLE NONE 478,937 0 203,925
CAPITAL ONE FINL CORP COM 14040H105 15,149 164,843 SH   SOLE NONE 18,757 0 146,086
CENTERSTATE BK CORP COM 15201P109 15,371 515,457 SH   SOLE NONE 53,634 0 461,823
ENTERPRISE FINL SVCS CORP COM 293712105 11,796 218,641 SH   SOLE NONE 43,035 0 175,606
FGL HLDGS ORD SHS G3402M102 15,617 1,861,358 SH   SOLE NONE 316,778 0 1,544,580
FIRST MID ILL BANCSHARES INC COM 320866106 2,465 62,719 SH   SOLE NONE 62,719 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 28,294 1,110,895 SH   SOLE NONE 538,450 0 572,445
HAWTHORN BANCSHARES INC COM 420476103 8,022 366,295 SH   SOLE NONE 366,295 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 8,019 1,450,002 SH   SOLE NONE 456,348 0 993,654
JPMORGAN CHASE & CO COM 46625H100 19,536 187,483 SH   SOLE NONE 2,508 0 184,975
KKR & CO L P DEL COM UNITS 48248M102 677 27,253 SH   SOLE NONE 27,253 0 0
LEVEL ONE BANCORP INC COM 52730D208 4,911 180,670 SH   SOLE NONE 180,670 0 0
MERCHANTS BANCORP IND COM 58844R108 3,788 132,757 SH   SOLE NONE 120,585 0 12,172
MIDLAND STS BANCORP INC ILL COM 597742105 41,493 1,211,116 SH   SOLE NONE 938,193 0 272,923
MVB FINANCIAL CORP COM 553810102 4,797 265,789 SH   SOLE NONE 265,789 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 3,523 319,084 SH   SOLE NONE 319,084 0 0
ORIGIN BANCORP INC COM 68621T102 16,026 391,440 SH   SOLE NONE 391,440 0 0
OCEANFIRST FINL CORP COM 675234108 22,217 741,557 SH   SOLE NONE 318,666 0 422,891
OLD LINE BANCSHARES INC COM 67984M100 10,407 298,115 SH   SOLE NONE 298,115 0 0
OPUS BK IRVINE CALIF COM 684000102 18,082 630,037 SH   SOLE NONE 338,877 0 291,160
ORRSTOWN FINL SVCS INC COM 687380105 7,242 278,533 SH   SOLE NONE 278,533 0 0
PACWEST BANCORP DEL COM 695263103 13,392 270,992 SH   SOLE NONE 31,962 0 239,030
PACIFIC MERCANTILE BANCORP COM 694552100 19,762 2,026,835 SH   SOLE NONE 2,026,835 0 0
PNC FINL SVCS GROUP INC COM 693475105 17,872 132,290 SH   SOLE NONE 7,204 0 125,086
QCR HOLDINGS INC COM 74727A104 13,556 285,685 SH   SOLE NONE 186,805 0 98,880
SIGNATURE BK NEW YORK N Y COM 82669G104 39,526 309,086 SH   SOLE NONE 133,548 0 175,538
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 7,640 255,510 SH   SOLE NONE 30,701 0 224,809
SVB FINL GROUP COM 78486Q101 8,868 30,710 SH   SOLE NONE 4,906 0 25,804
SUNTRUST BKS INC COM 867914103 17,953 271,936 SH   SOLE NONE 27,080 0 244,856
STERLING BANCORP DEL COM 85917A100 9,931 422,589 SH   SOLE NONE 55,485 0 367,104
SPIRIT OF TEX BANCSHARES INC COM 84861D103 5,589 271,331 SH   SOLE NONE 271,331 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 7,148 222,669 SH   SOLE NONE 26,585 0 196,084
UNIVEST CORP PA COM 915271100 16,514 600,504 SH   SOLE NONE 355,048 0 245,456
VERITEX HLDGS INC COM 923451108 24,845 799,652 SH   SOLE NONE 488,704 0 310,948
WORLDPAY INC CL A 981558109 11,387 139,243 SH   SOLE NONE 17,462 0 121,781
WSFS FINL CORP COM 929328102 7,421 139,223 SH   SOLE NONE 9,954 0 129,269
ZIONS BANCORPORATION COM 989701107 17,590 333,837 SH   SOLE NONE 39,088 0 294,749