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 6,130 181,800 SH   SOLE   181,800 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 8,815 252,423 SH   SOLE   252,423 0 0
AMERIS BANCORP COM 03076K108 19,542 568,909 SH   SOLE   568,909 0 0
APOLLO INVT CORP COM NEW 03761U502 2,092 138,168 SH   SOLE   138,168 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101 1,976 85,127 SH   SOLE   85,127 0 0
ASSURANT INC COM 04621X108 2,597 27,364 SH   SOLE   27,364 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 2,495 45,550 SH   SOLE   45,550 0 0
BANK7 CORP COM 06652N107 6,166 355,001 SH   SOLE   355,001 0 0
BARINGS BDC INC COM 06759L103 235 23,941 SH   SOLE   23,941 0 0
BAYCOM CORP COM 07272M107 9,628 425,274 SH   SOLE   425,274 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 643 44,630 SH   SOLE   44,630 0 0
BYLINE BANCORP INC COM 124411109 5,262 284,738 SH   SOLE   284,738 0 0
CAPITAL BANCORP INC MD COM 139737100 6,163 530,420 SH   SOLE   530,420 0 0
CARTER BK & TR MARTINSVILLE COM 146102108 33,733 1,757,857 SH   SOLE   1,757,857 0 0
CENTERSTATE BK CORP COM 15201P109 11,879 498,917 SH   SOLE   498,917 0 0
CIT GROUP INC COM NEW 125581801 2,258 47,062 SH   SOLE   47,062 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 10,973 919,794 SH   SOLE   919,794 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 3,479 159,367 SH   SOLE   159,367 0 0
COASTAL FINL CORP WA COM NEW 19046P209 10,355 609,455 SH   SOLE   609,455 0 0
CODORUS VY BANCORP INC COM 192025104 2,515 117,799 SH   SOLE   117,799 0 0
COWEN INC CL A NEW 223622606 1,774 122,421 SH   SOLE   122,421 0 0
D R HORTON INC COM 23331A109 228 5,500 SH   SOLE   5,500 0 0
DNB FINL CORP COM 233237106 8,648 228,959 SH   SOLE   228,959 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 2,226 54,598 SH   SOLE   54,598 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 19,025 660,585 SH   SOLE   660,585 0 0
ESSENT GROUP LTD COM G3198U102 2,527 58,165 SH   SOLE   58,165 0 0
EVANS BANCORP INC COM NEW 29911Q208 16,244 455,663 SH   SOLE   455,663 0 0
EXANTAS CAP CORP COM NEW 30068N105 2,716 255,528 SH   SOLE   255,528 0 0
FFBW INC COM 30258M107 269 25,000 SH   SOLE   25,000 0 0
FIFTH THIRD BANCORP COM 316773100 213 8,432 SH   SOLE   8,432 0 0
FIRST FINL BANCORP OH COM 320209109 1,109 46,081 SH   SOLE   46,081 0 0
FIRST HAWAIIAN INC COM 32051X108 2,994 114,938 SH   SOLE   114,938 0 0
FIRST INTERNET BANCORP COM 320557101 3,912 202,388 SH   SOLE   202,388 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,276 68,298 SH   SOLE   68,298 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 3,188 155,821 SH   SOLE   155,821 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 7,545 139,591 SH   SOLE   139,591 0 0
FIRST WESTN FINL INC COM 33751L105 5,567 424,657 SH   SOLE   424,657 0 0
FNB CORP PA COM 302520101 4,802 453,000 SH   SOLE   453,000 0 0
FVCBANKCORP INC COM 36120Q101 3,491 206,446 SH   SOLE   206,446 0 0
GERMAN AMERN BANCORP INC COM 373865104 3,818 129,867 SH   SOLE   129,867 0 0
GREAT AJAX CORP COM 38983D300 1,327 96,598 SH   SOLE   96,598 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 9,873 439,959 SH   SOLE   439,959 0 0
HAWTHORN BANCSHARES INC COM 420476103 3,792 163,146 SH   SOLE   163,146 0 0
HOME BANCORP INC COM 43689E107 25,948 780,387 SH   SOLE   780,387 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,702 121,471 SH   SOLE   121,471 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 7,964 556,568 SH   SOLE   556,568 0 0
HOPFED BANCORP INC COM 439734104 11,065 561,664 SH   SOLE   561,664 0 0
IBERIABANK CORP COM 450828108 8,803 122,756 SH   SOLE   122,756 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 12,757 593,349 SH   SOLE   593,349 0 0
INDEPENDENT BK GROUP INC COM 45384B106 46,646 909,454 SH   SOLE   909,454 0 0
INVESTAR HLDG CORP COM 46134L105 8,239 362,791 SH   SOLE   362,791 0 0
LADDER CAP CORP CL A 505743104 1,027 60,323 SH   SOLE   60,323 0 0
LEVEL ONE BANCORP INC COM 52730D208 3,754 161,402 SH   SOLE   161,402 0 0
LUTHER BURBANK CORP COM 550550107 7,933 785,471 SH   SOLE   785,471 0 0
M & T BK CORP COM 55261F104 301 1,916 SH   SOLE   1,916 0 0
MACKINAC FINL CORP COM 554571109 7,517 477,595 SH   SOLE   477,595 0 0
MALVERN BANCORP INC COM 561409103 14,444 717,899 SH   SOLE   717,899 0 0
MBT FINL CORP COM 578877102 3,806 379,871 SH   SOLE   379,871 0 0
MERIDIAN CORPORATION COM 58958P104 4,631 256,701 SH   SOLE   256,701 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 28,431 1,181,685 SH   SOLE   1,181,685 0 0
MIDSOUTH BANCORP INC COM 598039105 17,241 1,511,010 SH   SOLE   1,511,010 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 11,403 418,461 SH   SOLE   418,461 0 0
MUTUALFIRST FINL INC COM 62845B104 7,879 262,894 SH   SOLE   262,894 0 0
NATIONAL BK HLDGS CORP CL A 633707104 22,144 665,778 SH   SOLE   665,778 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 1,055 91,175 SH   SOLE   91,175 0 0
OAKTREE SPECIALTY LENDING CO COM 67401P108 221 42,581 SH   SOLE   42,581 0 0
OCEANFIRST FINL CORP COM 675234108 45,631 1,896,533 SH   SOLE   1,896,533 0 0
OLD NATL BANCORP IND COM 680033107 6,944 423,405 SH   SOLE   423,405 0 0
OLD POINT FINL CORP COM 680194107 7,273 343,066 SH   SOLE   343,066 0 0
OLD SECOND BANCORP INC ILL COM 680277100 8,678 689,249 SH   SOLE   689,249 0 0
OTTAWA BANCORP INC COM 689195105 1,284 96,782 SH   SOLE   96,782 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 9,013 1,245,320 SH   SOLE   1,245,320 0 0
PACIFIC PREMIER BANCORP COM 69478X105 36,403 1,372,154 SH   SOLE   1,372,154 0 0
PB BANCORP INC COM 70454T100 661 57,747 SH   SOLE   57,747 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 46,956 858,421 SH   SOLE   858,421 0 0
PROVIDENT BANCORP INC COM 74383X109 12,465 550,338 SH   SOLE   550,338 0 0
RBB BANCORP COM 74930B105 18,534 985,874 SH   SOLE   985,874 0 0
REDWOOD TR INC COM 758075402 2,305 142,703 SH   SOLE   142,703 0 0
RIVERVIEW BANCORP INC COM 769397100 15,305 2,093,650 SH   SOLE   2,093,650 0 0
SB FINL GROUP INC COM 78408D105 3,836 212,886 SH   SOLE   212,886 0 0
SHORE BANCSHARES INC COM 825107105 8,456 567,154 SH   SOLE   567,154 0 0
SOUND FINL BANCORP INC COM 83607A100 6,443 189,782 SH   SOLE   189,782 0 0
SOUTHERN MO BANCORP INC COM 843380106 21,168 687,287 SH   SOLE   687,287 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 11,774 555,392 SH   SOLE   555,392 0 0
TRISTATE CAP HLDGS INC COM 89678F100 7,353 359,931 SH   SOLE   359,931 0 0
UNION BANKSHARES CORP NEW COM 90539J109 20,882 645,909 SH   SOLE   645,909 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 22,436 2,399,592 SH   SOLE   2,399,592 0 0
UNITED FINL BANCORP INC NEW COM 910304104 51,513 3,589,726 SH   SOLE   3,589,726 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,748 164,935 SH   SOLE   164,935 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 9,264 378,727 SH   SOLE   378,727 0 0
VERITEX HLDGS INC COM 923451108 74,996 3,096,442 SH   SOLE   3,096,442 0 0
WALKER & DUNLOP INC COM 93148P102 756 14,847 SH   SOLE   14,847 0 0
WCF BANCORP INC COM 92940L103 360 43,654 SH   SOLE   43,654 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 2,500 270,869 SH   SOLE   270,869 0 0
ZIONS BANCORPORATION N A COM 989701107 2,042 44,975 SH   SOLE   44,975 0 0