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
AMERIPRISE FINL INC COM 03076C106 2,694 18,558 SH   SOLE NONE 6,355 0 12,203
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 1,266 36,916 SH   SOLE NONE 36,916 0 0
ATHENE HLDG LTD CL A G0684D107 14,603 339,123 SH   SOLE NONE 40,875 0 298,248
AMERICAN EXPRESS CO COM 025816109 1,936 15,687 SH   SOLE NONE 1,887 0 13,800
BANK AMER CORP COM 060505104 6,947 239,538 SH   SOLE NONE 0 0 239,538
BANNER CORP COM NEW 06652V208 567 10,471 SH   SOLE NONE 1,467 0 9,004
BUSINESS FIRST BANCSHARES IN COM 12326C105 9,882 388,305 SH   SOLE NONE 388,305 0 0
BANK NEW YORK MELLON CORP COM 064058100 7,360 166,707 SH   SOLE NONE 20,605 0 146,102
BANK COMM HLDGS COM 06424J103 1,826 170,778 SH   SOLE NONE 170,778 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 16,600 1,438,493 SH   SOLE NONE 1,438,493 0 0
BYLINE BANCORP INC COM 124411109 31,817 1,664,075 SH   SOLE NONE 937,347 0 726,728
CB FINL SVCS INC COM 12479G101 2,224 93,656 SH   SOLE NONE 93,656 0 0
COASTAL FINL CORP WA COM NEW 19046P209 2,088 134,955 SH   SOLE NONE 134,955 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 18,875 832,946 SH   SOLE NONE 435,394 0 397,552
CENTERSTATE BK CORP COM 15201P109 20,692 898,488 SH   SOLE NONE 76,335 0 822,153
FGL HLDGS ORD SHS G3402M102 7,329 872,477 SH   SOLE NONE 70,442 0 802,035
FIRST MID BANCSHARES INC COM 320866106 2,279 65,268 SH   SOLE NONE 65,268 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 30,120 1,471,439 SH   SOLE NONE 468,205 0 1,003,234
FVCBANKCORP INC COM 36120Q101 2,964 152,628 SH   SOLE NONE 152,628 0 0
HUDSON PAC PPTYS INC COM 444097109 8,737 262,598 SH   SOLE NONE 31,898 0 230,700
HAWTHORN BANCSHARES INC COM 420476103 9,225 344,225 SH   SOLE NONE 344,225 0 0
INTERXION HOLDING N.V SHS N47279109 21,849 287,147 SH   SOLE NONE 33,205 0 253,942
INVESTORS REAL ESTATE TR SH BEN INT 461730509 5,712 97,365 SH   SOLE NONE 12,858 0 84,507
JPMORGAN CHASE & CO COM 46625H100 23,849 213,316 SH   SOLE NONE 6,788 0 206,528
LEVEL ONE BANCORP INC COM 52730D208 6,341 253,749 SH   SOLE NONE 253,749 0 0
MOELIS & CO CL A 60786M105 7,316 209,336 SH   SOLE NONE 25,676 0 183,660
MIDLAND STS BANCORP INC ILL COM 597742105 32,581 1,219,342 SH   SOLE NONE 781,607 0 437,735
MVB FINANCIAL CORP COM 553810102 1,700 100,261 SH   SOLE NONE 100,261 0 0
NORTHERN TR CORP COM 665859104 7,326 81,404 SH   SOLE NONE 10,061 0 71,343
NEW YORK CMNTY BANCORP INC COM 649445103 3,184 319,084 SH   SOLE NONE 319,084 0 0
ORIGIN BANCORP INC COM 68621T102 7,843 237,678 SH   SOLE NONE 232,682 0 4,996
OCEANFIRST FINL CORP COM 675234108 33,617 1,352,789 SH   SOLE NONE 366,461 0 986,328
OLD LINE BANCSHARES INC COM 67984M100 5,654 212,481 SH   SOLE NONE 212,481 0 0
OPUS BK IRVINE CALIF COM 684000102 22,907 1,085,134 SH   SOLE NONE 306,802 0 778,332
ORRSTOWN FINL SVCS INC COM 687380105 8,350 379,716 SH   SOLE NONE 379,716 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 16,236 1,967,960 SH   SOLE NONE 1,967,960 0 0
PNC FINL SVCS GROUP INC COM 693475105 17,369 126,521 SH   SOLE NONE 6,976 0 119,545
PACIFIC PREMIER BANCORP COM 69478X105 4,307 139,462 SH   SOLE NONE 0 0 139,462
QCR HOLDINGS INC COM 74727A104 27,359 784,605 SH   SOLE NONE 433,189 0 351,416
RED RIVER BANCSHARES INC COM 75686R202 1,076 22,211 SH   SOLE NONE 22,211 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 28,190 233,284 SH   SOLE NONE 25,756 0 207,528
SVB FINL GROUP COM 78486Q101 5,216 23,224 SH   SOLE NONE 1,995 0 21,229
SOUTH PLAINS FINANCIAL INC COM 83946P107 2,635 159,668 SH   SOLE NONE 159,668 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 3,153 115,585 SH   SOLE NONE 0 0 115,585
UMPQUA HLDGS CORP COM 904214103 9,760 588,293 SH   SOLE NONE 83,903 0 504,390
UNIVEST FINANCIAL CORPORATIO COM 915271100 28,440 1,083,030 SH   SOLE NONE 406,611 0 676,419
VERITEX HLDGS INC COM 923451108 27,964 1,077,610 SH   SOLE NONE 347,204 0 730,406
WESTERN ALLIANCE BANCORP COM 957638109 40,546 906,659 SH   SOLE NONE 290,790 0 615,869
WEX INC COM 96208T104 14,278 68,611 SH   SOLE NONE 7,954 0 60,657
WORLDPAY INC CL A 981558109 9,133 74,525 SH   SOLE NONE 7,447 0 67,078
WSFS FINL CORP COM 929328102 21,218 513,750 SH   SOLE NONE 69,727 0 444,023
ZIONS BANCORPORATION N A COM 989701107 30,499 663,319 SH   SOLE NONE 135,062 0 528,257