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
AMERIS BANCORP COM 03076K108 2,532 73,700 SH   SOLE   73,700 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 494 36,942 SH   SOLE   36,942 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 508 37,000 SH   SOLE   37,000 0 0
BOK FINL CORP COM NEW 05561Q201 318 3,900 SH   SOLE   3,900 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 664 64,400 SH   SOLE   64,400 0 0
CADENCE BANCORPORATION CL A 12739A100 1,688 91,000 SH   SOLE   91,000 0 0
CAPSTAR FINL HLDGS COM 14070T102 65 4,500 SH   SOLE   4,500 0 0
CAROLINA FINL CORP NEW COM 143873107 2,740 79,200 SH   SOLE   79,200 0 0
CENTERSTATE BK CORP COM 15201P109 6,081 255,400 SH   SOLE   255,400 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 293 15,000 SH   SOLE   15,000 0 0
CITIZENS FIRST CORP COM 17462Q107 2,338 94,243 SH   SOLE   94,243 0 0
COMMUNITY BANKERS TR CORP COM 203612106 1,982 270,725 SH   SOLE   270,725 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,123 57,019 SH   SOLE   57,019 0 0
EAST WEST BANCORP INC COM 27579R104 2,806 58,500 SH   SOLE   58,500 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 4,053 99,400 SH   SOLE   99,400 0 0
FIRST BANCSHARES INC MS COM 318916103 525 17,000 SH   SOLE   17,000 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 236 11,800 SH   SOLE   11,800 0 0
FIRST FINL BANCORP OH COM 320209109 165 6,870 SH   SOLE   6,870 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 3,170 79,600 SH   SOLE   79,600 0 0
FS BANCORP INC COM 30263Y104 614 12,156 SH   SOLE   12,156 0 0
GREAT WESTN BANCORP INC COM 391416104 869 27,500 SH   SOLE   27,500 0 0
HAWTHORN BANCSHARES INC COM 420476103 2,085 89,737 SH   SOLE   89,737 0 0
HERITAGE COMMERCE COM 426927109 1,113 92,000 SH   SOLE   92,000 0 0
HMN FINL INC COM 40424G108 3,686 171,216 SH   SOLE   171,216 0 0
HOME BANCSHARES INC COM 436893200 1,116 63,500 SH   SOLE   63,500 0 0
INDEPENDENT BK GROUP INC COM 45384B106 1,836 35,800 SH   SOLE   35,800 0 0
JPMORGAN CHASE & CO COM 46625H100 202 2,000 SH   SOLE   2,000 0 0
LAKELAND BANCORP INC COM 511637100 579 38,800 SH   SOLE   38,800 0 0
LEGACY TEX FINL GROUP INC COM 52471Y106 1,013 27,100 SH   SOLE   27,100 0 0
MERCANTIL BK HLDG CORP CL A NEW 58734F305 456 32,700 SH   SOLE   32,700 0 0
MERIDIAN CORPORATION COM 58958P104 451 25,000 SH   SOLE   25,000 0 0
MID PENN BANCORP INC COM 59540G107 978 39,927 SH   SOLE   39,927 0 0
PACWEST BANCORP DEL COM 695263103 3,874 103,000 SH   SOLE   103,000 0 0
PEOPLES BANCORP N C INC COM 710577107 1,929 72,500 SH   SOLE   72,500 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 2,013 36,800 SH   SOLE   36,800 0 0
PLUMAS BANCORP COM 729273102 3,156 138,500 SH   SOLE   138,500 0 0
RENASANT CORP COM 75970E107 1,770 52,300 SH   SOLE   52,300 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 2,701 80,000 SH   SOLE   80,000 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 5,152 152,100 SH   SOLE   152,100 0 0
SOUTHERN MO BANCORP INC COM 843380106 982 31,890 SH   SOLE   31,890 0 0
STERLING BANCORP INC COM 85917W102 1,717 169,300 SH   SOLE   169,300 0 0
STEWARDSHIP FINL CORP COM 860326107 661 71,496 SH   SOLE   71,496 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 2,916 110,000 SH   SOLE   110,000 0 0
SVB FINL GROUP COM 78486Q101 3,158 14,200 SH   SOLE   14,200 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 753 13,800 SH   SOLE   13,800 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 3,170 128,100 SH   SOLE   128,100 0 0
UNIVEST FINANCIAL CORPORATION COM 915271100 1,240 50,700 SH   SOLE   50,700 0 0
VERITEX HLDGS INC COM 923451108 5,331 220,100 SH   SOLE   220,100 0 0
VILLAGE BK & TR FINANCIAL CO COM NEW 92705T200 143 4,314 SH   SOLE   4,314 0 0
WESTERN ALLIANCE BANCORP COM 957638109 3,365 82,000 SH   SOLE   82,000 0 0
ZIONS BANCORPORATION COM 989701107 940 20,700 SH   SOLE   20,700 0 0