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 2,900 74,000 SH   SOLE   74,000 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 513 36,942 SH   SOLE   36,942 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 546 37,000 SH   SOLE   37,000 0 0
BOK FINL CORP COM NEW 05561Q201 294 3,900 SH   SOLE   3,900 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 743 64,400 SH   SOLE   64,400 0 0
CADENCE BANCORPORATION CL A 12739A100 2,101 101,000 SH   SOLE   101,000 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 68 4,500 SH   SOLE   4,500 0 0
CAROLINA FINL CORP NEW COM 143873107 2,316 66,000 SH   SOLE   66,000 0 0
CENTERSTATE BK CORP COM 15201P109 5,882 255,400 SH   SOLE   255,400 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 150 7,000 SH   SOLE   7,000 0 0
CITIZENS FIRST CORP COM 17462Q107 2,108 82,100 SH   SOLE   82,100 0 0
COMMUNITY BANKERS TR CORP COM 203612106 2,265 267,377 SH   SOLE   267,377 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,284 56,680 SH   SOLE   56,680 0 0
EAST WEST BANCORP INC COM 27579R104 2,736 58,500 SH   SOLE   58,500 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 4,135 99,400 SH   SOLE   99,400 0 0
FIRST BANCSHARES INC MS COM 318916103 79 2,600 SH   SOLE   2,600 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 139 5,900 SH   SOLE   5,900 0 0
FIRST FINL BANCORP OH COM 320209109 166 6,870 SH   SOLE   6,870 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 5,965 150,600 SH   SOLE   150,600 0 0
FS BANCORP INC COM 30263Y104 631 12,156 SH   SOLE   12,156 0 0
GREAT WESTN BANCORP INC COM 391416104 764 21,400 SH   SOLE   21,400 0 0
HAWTHORN BANCSHARES INC COM 420476103 1,634 60,955 SH   SOLE   60,955 0 0
HERITAGE COMMERCE CORP COM 426927109 1,262 103,000 SH   SOLE   103,000 0 0
HMN FINL INC COM 40424G108 3,596 171,216 SH   SOLE   171,216 0 0
HOME BANCSHARES INC COM 436893200 874 45,400 SH   SOLE   45,400 0 0
INDEPENDENT BK GROUP INC COM 45384B106 1,968 35,800 SH   SOLE   35,800 0 0
JPMORGAN CHASE & CO COM 46625H100 224 2,000 SH   SOLE   2,000 0 0
LAKELAND BANCORP INC COM 511637100 623 38,600 SH   SOLE   38,600 0 0
LEGACY TEX FINL GROUP INC COM 52471Y106 859 21,100 SH   SOLE   21,100 0 0
MERIDIAN CORPORATION COM 58958P104 651 38,518 SH   SOLE   38,518 0 0
MID PENN BANCORP INC COM 59540G107 996 39,927 SH   SOLE   39,927 0 0
PACWEST BANCORP DEL COM 695263103 3,999 103,000 SH   SOLE   103,000 0 0
PEOPLES BANCORP N C INC COM 710577107 2,179 72,500 SH   SOLE   72,500 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 2,115 36,800 SH   SOLE   36,800 0 0
PLUMAS BANCORP COM 729273102 3,476 143,065 SH   SOLE   143,065 0 0
RENASANT CORP COM 75970E107 1,858 51,700 SH   SOLE   51,700 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 2,700 78,800 SH   SOLE   78,800 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 5,874 150,000 SH   SOLE   150,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 1,111 31,890 SH   SOLE   31,890 0 0
STERLING BANCORP INC COM 85917W102 1,526 153,100 SH   SOLE   153,100 0 0
STEWARDSHIP FINL CORP COM 860326107 1,106 71,560 SH   SOLE   71,560 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 2,842 105,850 SH   SOLE   105,850 0 0
SVB FINL GROUP COM 78486Q101 2,605 11,600 SH   SOLE   11,600 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 2,837 104,000 SH   SOLE   104,000 0 0
UNIVEST FINANCIAL CORPORATION COM 915271100 1,331 50,700 SH   SOLE   50,700 0 0
VERITEX HLDGS INC COM 923451108 5,712 220,100 SH   SOLE   220,100 0 0
VILLAGE BK & TR FINANCIAL CO COM NEW 92705T200 142 4,314 SH   SOLE   4,314 0 0
WESTERN ALLIANCE BANCORP COM 957638109 3,913 87,500 SH   SOLE   87,500 0 0
ZIONS BANCORPORATION COM 989701107 952 20,700 SH   SOLE   20,700 0 0