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
AMERISERV FINL INC COM COMMON 03074A102 4,809 1,196,272 SH   SOLE   1,196,272 0 0
CARTER BK & TR MARTINSVILLE VA COM COMMON 146102108 422 22,000 SH   SOLE   22,000 0 0
CITIZENS FINL GROUP INC COM COMMON 174610105 9,718 299,000 SH   SOLE   299,000 0 0
Community West Bancshares COMMON 204157101 1,290 126,752 SH   SOLE   126,752 0 0
FEDERAL LIFE GROUP INC COMMON 313533101 520 44,482 SH   SOLE   44,482 0 0
FIRST BUS FINL SVCS INC WIS COM COMMON 319390100 5,084 253,956 SH   SOLE   253,956 0 0
FIRST UTD CORP COM COMMON 33741H107 4,049 234,563 SH   SOLE   234,563 0 0
FNCB BANCORP INC COMMON 302578109 2,823 366,679 SH   SOLE   366,679 0 0
FS BANCORP INC COM COMMON 30263Y104 1,318 26,106 SH   SOLE   26,106 0 0
HARBORONE BANCORP INC COMMON 41165F101 4,718 274,317 SH   SOLE   274,317 0 0
Hilltop Holdings Inc COMMON 432748101 10,914 598,031 SH   SOLE   598,031 0 0
HMN Financial Inc COMMON 40424G108 2,988 138,767 SH   SOLE   138,767 0 0
ICC HOLDINGS INC COMMON 44931Q104 2,667 190,531 SH   SOLE   190,531 0 0
MACKINAC FINL CORP COMMON 554571109 2,282 145,003 SH   SOLE   145,003 0 0
MAGYAR BANCORP INC COM COMMON 55977T109 3,283 291,583 SH   SOLE   291,583 0 0
METROPOLITAN BANK HOLDING CO COMMON 591774104 357 10,260 SH   SOLE   10,260 0 0
NI HOLDINGS INC COMMON 65342T106 3,301 206,338 SH   SOLE   206,338 0 0
NORTHFIELD BANCORP INC DEL COM COMMON 66611T108 1,909 137,316 SH   SOLE   137,316 0 0
OCONEE FED FINL CORP COM COMMON 675607105 435 16,717 SH   SOLE   16,717 0 0
PB BANCORP INC COMMON 70454T100 5,631 492,239 SH   SOLE   492,239 0 0
PDL COMMUNITY BANCORP COMMON 69290X101 2,473 177,256 SH   SOLE   177,256 0 0
PROVIDENT BANCORP INC COM COMMON 74383X109 235 10,378 SH   SOLE   10,378 0 0
PROVIDENT FINL HLDGS INC COM COMMON 743868101 8,960 449,788 SH   SOLE   449,788 0 0
RANDOLPH BANCORP INC COMMON 752378109 1,918 126,934 SH   SOLE   126,934 0 0
RIVERVIEW FINANCIAL CORP COMMON 76940Q105 144 12,535 SH   SOLE   12,535 0 0
SECURITY NATL FINL CORP CL A NEW COMMON 814785309 2,606 552,122 SH   SOLE   552,122 0 0
SI Financial Group Inc COMMON 78425V104 4,720 365,596 SH   SOLE   365,596 0 0
SOUND FINL BANCORP INC COM COMMON 83607A100 3,345 98,526 SH   SOLE   98,526 0 0
STANDARD AVB FINL CORP COM COMMON 85303B100 4,624 171,464 SH   SOLE   171,464 0 0
STERLING BANCORP DEL COM COMMON 85917A100 5,682 305,000 SH   SOLE   305,000 0 0
WELLS FARGO & CO NEW COM COMMON 949746101 5,823 120,500 SH   SOLE   120,500 0 0
Willis Lease Finance Corp COMMON 970646105 2,318 54,676 SH   SOLE   54,676 0 0
FIRST WESTERN FINANCIAL INC COMMON 33751L105 1,257 95,864 SH   SOLE   95,864 0 0