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
MACATAWA BK CORP COM 554225102 12,981 1,249,399 SH   SOLE   1,249,399 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 15,978 921,441 SH   SOLE   921,441 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 6,478 600,950 SH   SOLE   600,950 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 12,219 600,433 SH   SOLE   600,433 0 0
OLD SECOND BANCORP INC ILL COM 680277100 7,233 591,916 SH   SOLE   591,916 0 0
UNITED SECURITY BANCSHARES C COM 911460103 5,734 545,037 SH   SOLE   545,037 0 0
SELECT BANCORP INC NEW COM 81617L108 5,968 514,471 SH   SOLE   514,471 0 0
Pacific Mercantile Bancorp COM 694552100 3,718 495,127 SH   SOLE   495,127 0 0
FARMERS NATL BANC CORP COM 309627107 7,143 493,287 SH   SOLE   493,287 0 0
HUNTINGTON BANCSHARES INC COM 446150104 7,040 493,000 SH   SOLE   493,000 0 0
FIRST WESTN FINL INC COM 33751L105 7,989 467,441 SH   SOLE   467,441 0 0
FVCBANKCORP INC COM 36120Q101 8,169 465,187 SH   SOLE   465,187 0 0
CITIZENS FINL GROUP INC COM 174610105 14,316 404,755 SH   SOLE   404,755 0 0
NATIONAL BK HLDGS CORP CL A 633707104 11,877 347,389 SH   SOLE   347,389 0 0
FIRST CMNTY CORP S C COM 319835104 6,112 313,782 SH   SOLE   313,782 0 0
SYNOVUS FINL CORP COM NEW 87161C501 10,587 296,054 SH   SOLE   296,054 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 11,857 290,980 SH   SOLE   290,980 0 0
CORTLAND BANCORP COM 220587109 6,002 274,074 SH   SOLE   274,074 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 7,597 267,987 SH   SOLE   267,987 0 0
INDEPENDENT BK GROUP INC COM 45384B106 12,822 243,538 SH   SOLE   243,538 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 3,940 237,661 SH   SOLE   237,661 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 13,116 231,118 SH   SOLE   231,118 0 0
ZIONS BANCORPORATION N A COM 989701107 9,647 216,696 SH   SOLE   216,696 0 0
PEOPLES BANCORP INC COM 709789101 6,784 213,275 SH   SOLE   213,275 0 0
HOWARD BANCORP INC COM 442496105 3,253 194,885 SH   SOLE   194,885 0 0
BANNER CORP COM NEW 06652V208 10,020 178,383 SH   SOLE   178,383 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 6,671 167,392 SH   SOLE   167,392 0 0
QCR HOLDINGS INC COM 74727A104 6,240 164,291 SH   SOLE   164,291 0 0
ALERUS FINL CORP COM 01446U103 2,725 125,000 SH   SOLE   125,000 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 2,869 102,360 SH   SOLE   102,360 0 0
BANKWELL FINL GROUP INC COM 06654A103 2,778 101,035 SH   SOLE   101,035 0 0
Middlefield Banc Corp COM NEW 596304204 3,794 81,091 SH   SOLE   81,091 0 0