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
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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
1st Source Corp COM 336901103 1,603,680 52,000 SH   SOLE 0 52,000 0 0
Altabancorp COM 021347109 1,525,095 75,800 SH   SOLE 0 75,800 0 0
ACNB Corp COM 000868109 312,000 15,000 SH   SOLE 0 15,000 0 0
Alerus Finacial Corp COM 01446U103 2,351,999 120,000 SH   SOLE 0 120,000 0 0
Allegiance Bancshares Inc COM 01748H107 1,051,650 45,000 SH   SOLE 0 45,000 0 0
American National Bankshares Inc COM 027745108 156,900 7,500 SH   SOLE 0 7,500 0 0
Ames Natl Corp COM 031001100 167,261 9,903 SH   SOLE 0 9,903 0 0
Axos Finacial Inc COM 05465C100 960,650 41,212 SH   SOLE 0 41,212 0 0
Bancorp Inc COM 05969A105 2,850,645 329,936 SH   SOLE 0 329,936 0 0
Banner Corporation COM 06652V208 1,536,316 47,623 SH   SOLE 0 47,623 0 0
BancFirst Corp COM 05945F103 3,062,999 75,000 SH   SOLE 0 75,000 0 0
Bank of Marin Bancorp COM 063425102 1,665,200 57,500 SH   SOLE 0 57,500 0 0
Bank of South Carolina Corp COM 065066102 942,916 58,822 SH   SOLE 0 58,822 0 0
Bankwell Finl Group Inc COM 06654A103 636,750 45,000 SH   SOLE 0 45,000 0 0
Bridgewater Bancshares Inc. COM 108621103 1,702,505 179,400 SH   SOLE 0 179,400 0 0
Bryn Mawr Bk Corp COM 117665109 994,799 40,000 SH   SOLE 0 40,000 0 0
CSB Bancorp, Inc. COM 12628R107 255,937 8,750 SH   SOLE 0 8,750 0 0
Cambridge Bancorp COM 132152109 265,800 5,000 SH   SOLE 0 5,000 0 0
Century Bancorp Inc Mass CL A NON VTG 156432106 1,972,200 30,000 SH   SOLE 0 30,000 0 0
CNB Financial Corp COM 126128107 73,770 4,961 SH   SOLE 0 4,961 0 0
CommerceWest Bank COM 20084T103 2,416,300 146,000 SH   SOLE 0 146,000 0 0
Connectone Bancorp Inc NEW COM 20786W107 1,829,100 130,000 SH   SOLE 0 130,000 0 0
Crossfirst Bankshares Inc COM 22766M109 304,914 35,088 SH   SOLE 0 35,088 0 0
Central Pacific Finacial Corp COM 154760409 180,928 13,333 SH   SOLE 0 13,333 0 0
Eagle Bancorp Inc MD COM 268948106 535,799 20,000 SH   SOLE 0 20,000 0 0
Eagle Financial Services COM 26951R104 315,000 12,500 SH   SOLE 0 12,500 0 0
Fidelity D & D Bancorp COM 31609R100 194,840 4,000 SH   SOLE 0 4,000 0 0
First Busey Corp COM NEW 319383204 1,191,750 75,000 SH   SOLE 0 75,000 0 0
First Bus Finl Svcs Inc Wis COM 319390100 714,500 50,000 SH   SOLE 0 50,000 0 0
First Choice Bancorp COM 31948P104 219,285 16,500 SH   SOLE 0 16,500 0 0
First Fndtn Inc COM 32026V104 1,829,800 140,000 SH   SOLE 0 140,000 0 0
First Long Is Corp COM 320734106 1,481,003 99,999 SH   SOLE 0 99,999 0 0
Farmers National Banc Corp COM 309627107 196,068 17,955 SH   SOLE 0 17,955 0 0
First Mid Bancshares Inc. COM 320866106 499,000 20,000 SH   SOLE 0 20,000 0 0
FVCBankcorp Inc COM 36120Q101 441,000 44,100 SH   SOLE 0 44,100 0 0
German Amern Bancorp Inc COM 373865104 2,171,199 80,000 SH   SOLE 0 80,000 0 0
Horizon Bancorp Inc COM 440407104 1,160,350 115,000 SH   SOLE 0 115,000 0 0
Kentucky Bancshares COM 491203105 321,980 20,000 SH   SOLE 0 20,000 0 0
Lakeland Finl Corp COM 511656100 4,120,000 100,000 SH   SOLE 0 100,000 0 0
Level One Bancorp Inc COM 52730D208 1,248,000 80,000 SH   SOLE 0 80,000 0 0
Mercantile Bank Corp COM 587376104 901,000 50,000 SH   SOLE 0 50,000 0 0
Meta Finl Group Inc COM 59100U108 3,625,468 188,630 SH   SOLE 0 188,630 0 0
MidWestOne Finl Group Inc NE COM 598511103 536,100 30,000 SH   SOLE 0 30,000 0 0
National Bankshares Inc COM 634865109 125,510 4,955 SH   SOLE 0 4,955 0 0
Northrim BanCorp Inc COM 666762109 254,900 10,000 SH   SOLE 0 10,000 0 0
Oak Valley Bancorp Oakdale C COM 671807105 573,000 50,000 SH   SOLE 0 50,000 0 0
Oceanfirst Financial Corp. COM 675234108 479,150 35,000 SH   SOLE 0 35,000 0 0
Pacific Premier Bancorp COM 69478X105 2,117,861 105,157 SH   SOLE 0 105,157 0 0
Provident Finacial Services COM 74386T105 662,216 54,280 SH   SOLE 0 54,280 0 0
Regions Financial Corp COM 7591EP100 2,338,801 202,845 SH   SOLE 0 202,845 0 0
Riverview Bancorp Incorporated COM 769397100 207,500 50,000 SH   SOLE 0 50,000 0 0
Sandy Spring Bancorp Inc COM 800363103 1,154,000 50,000 SH   SOLE 0 50,000 0 0
Seacost BKG Corporation COM 811707306 1,755,416 97,361 SH   SOLE 0 97,361 0 0
SVB Finacial Group COM 78486Q101 2,827,284 11,750 SH   SOLE 0 11,750 0 0
Southern National Bancorp of VA COM 843395104 173,600 20,000 SH   SOLE 0 20,000 0 0
Signature Bank COM 82669G104 1,170,159 14,100 SH   SOLE 0 14,100 0 0
Stock Yds Bancorp Inc COM 861025104 2,830,017 83,138 SH   SOLE 0 83,138 0 0
Summit St Bk Santa Rosa Cali COM 866264203 178,400 16,000 SH   SOLE 0 16,000 0 0
Tompkins Financial Corporati COM 890110109 1,477,059 26,000 SH   SOLE 0 26,000 0 0
TowneBank Portsmouth VA COM 89214P109 1,640,000 100,000 SH   SOLE 0 100,000 0 0
Trico Bancshares COM 896095106 176,328 7,200 SH   SOLE 0 7,200 0 0
University Bancorp COM 914090105 470,000 50,000 SH   SOLE 0 50,000 0 0
West Bancorporation Inc CAP STK 95123P106 2,217,599 140,000 SH   SOLE 0 140,000 0 0
Wintrust Finacial Corp COM 97650W108 3,030,902 75,678 SH   SOLE 0 75,678 0 0
WSFS Financial Corp COM 929328102 539,400 20,000 SH   SOLE 0 20,000 0 0
SPDR S&P Regional Banking Com 78464A698 543,763 15,240 SH   SOLE 0 15,240 0 0
Zions Bancorporation COM 989701107 1,329,510 45,500 SH   SOLE 1 45,500 0 0