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
1ST CONSTITUTION BANCORP COM 31986N102 2,176 137,112 SH   SOLE   137,112 0 0
AMERICAN RIVER BANKSHARES COM 029326105 422 32,083 SH   SOLE   32,083 0 0
AMERISERV FINL INC COM 03074A102 1,847 589,982 SH   SOLE   589,982 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 4,179 262,482 SH   SOLE   262,482 0 0
BANK COMM HLDGS COM 06424J103 4,966 501,644 SH   SOLE   501,644 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 314 25,871 SH   SOLE   25,871 0 0
BANK PRINCETON NEW JERSEY COM 064520109 1,696 72,467 SH   SOLE   72,467 0 0
BANKFINANCIAL CORP COM 06643P104 2,117 241,078 SH   SOLE   241,078 0 0
BANKUNITED INC COM 06652K103 6,918 198,903 SH   SOLE   198,903 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,141 58,372 SH   SOLE   58,372 0 0
BANNER CORP COM NEW 06652V208 6,255 134,262 SH   SOLE   134,262 0 0
BAYCOM CORP COM 07272M107 1,677 110,522 SH   SOLE   110,522 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 6,733 393,305 SH   SOLE   393,305 0 0
BYLINE BANCORP INC COM 124411109 370 23,948 SH   SOLE   23,948 0 0
C & F FINL CORP COM 12466Q104 1,499 40,398 SH   SOLE   40,398 0 0
CADENCE BANCORPORATION CL A 12739A100 4,909 298,946 SH   SOLE   298,946 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 8,487 575,387 SH   SOLE   575,387 0 0
CARTER BK & TR MARTINSVILLE COM 146102108 2,647 246,935 SH   SOLE   246,935 0 0
CBM BANCORP INC COM 1248XT104 290 21,868 SH   SOLE   21,868 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 598 31,441 SH   SOLE   31,441 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 3,356 225,405 SH   SOLE   225,405 0 0
CF BANKSHARES INC COM 12520L109 1,193 67,466 SH   SOLE   67,466 0 0
CHEMUNG FINL CORP COM 164024101 659 19,402 SH   SOLE   19,402 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 396 36,323 SH   SOLE   36,323 0 0
CITIZENS FINL GROUP INC COM 174610105 1,069 29,900 SH   SOLE   29,900 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 3,172 180,925 SH   SOLE   180,925 0 0
CODORUS VY BANCORP INC COM 192025104 996 58,697 SH   SOLE   58,697 0 0
COLONY BANKCORP INC COM 19623P101 746 50,955 SH   SOLE   50,955 0 0
COLUMBIA FINL INC COM 197641103 1,764 113,342 SH   SOLE   113,342 0 0
COMERICA INC COM 200340107 452 8,100 SH   SOLE   8,100 0 0
COMMUNITY BANKERS TR CORP COM 203612106 2,440 361,485 SH   SOLE   361,485 0 0
COMMUNITY FINL CORP MD COM 20368X101 3,680 138,974 SH   SOLE   138,974 0 0
COMMUNITY FIRST BANCSHARES I COM 20369M104 306 30,946 SH   SOLE   30,946 0 0
COMMUNITY WEST BANCSHARES COM 204157101 645 71,055 SH   SOLE   71,055 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 781 39,485 SH   SOLE   39,485 0 0
COUNTY BANCORP INC COM 221907108 1,047 47,434 SH   SOLE   47,434 0 0
CUSTOMERS BANCORP INC COM 23204G100 9,177 504,793 SH   SOLE   504,793 0 0
EAGLE BANCORP INC MD COM 268948106 1,004 24,315 SH   SOLE   24,315 0 0
EAGLE BANCORP MONT INC COM 26942G100 969 45,664 SH   SOLE   45,664 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 995 38,928 SH   SOLE   38,928 0 0
F N B CORP COM 302520101 527 55,449 SH   SOLE   55,449 0 0
FAUQUIER BANKSHARES INC COM 312059108 284 16,312 SH   SOLE   16,312 0 0
FFBW INC COM 30258M107 739 73,774 SH   SOLE   73,774 0 0
FINANCIAL INSTNS INC COM 317585404 5,390 239,553 SH   SOLE   239,553 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 3,023 322,290 SH   SOLE   322,290 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 2,524 137,110 SH   SOLE   137,110 0 0
FIRST BUSEY CORP COM NEW 319383204 319 14,788 SH   SOLE   14,788 0 0
FIRST CHOICE BANCORP COM 31948P104 3,667 198,348 SH   SOLE   198,348 0 0
FIRST CMNTY CORP S C COM 319835104 1,162 68,409 SH   SOLE   68,409 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 691 63,179 SH   SOLE   63,179 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,035 178,479 SH   SOLE   178,479 0 0
FIRST FINL BANCORP OH COM 320209109 277 15,777 SH   SOLE   15,777 0 0
FIRST FINL CORP IND COM 320218100 4,495 115,714 SH   SOLE   115,714 0 0
FIRST GTY BANCSHARES INC COM 32043P106 723 40,700 SH   SOLE   40,700 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 384 11,399 SH   SOLE   11,399 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 1,329 83,505 SH   SOLE   83,505 0 0
FIRST NATL CORP COM 32106V107 254 15,049 SH   SOLE   15,049 0 0
FIRST NORTHWEST BANCORP COM 335834107 2,307 147,862 SH   SOLE   147,862 0 0
FIRST US BANCSHARES INC COM 33744V103 860 95,383 SH   SOLE   95,383 0 0
FIRST WESTN FINL INC COM 33751L105 1,137 58,097 SH   SOLE   58,097 0 0
FLUSHING FINL CORP COM 343873105 2,670 160,476 SH   SOLE   160,476 0 0
FNCB BANCORP INC COM 302578109 112 17,476 SH   SOLE   17,476 0 0
FS BANCORP INC COM 30263Y104 6,207 113,271 SH   SOLE   113,271 0 0
GLEN BURNIE BANCORP COM 377407101 372 33,850 SH   SOLE   33,850 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,190 44,788 SH   SOLE   44,788 0 0
GREAT WESTN BANCORP INC COM 391416104 8,834 422,690 SH   SOLE   422,690 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 822 47,101 SH   SOLE   47,101 0 0
HARBORONE BANCORP INC COM 41165F101 200 18,407 SH   SOLE   18,407 0 0
HEARTLAND FINL USA INC COM 42234Q102 973 24,097 SH   SOLE   24,097 0 0
HERITAGE COMMERCE CORP COM 426927109 4,104 462,693 SH   SOLE   462,693 0 0
HILLTOP HOLDINGS INC COM 432748101 12,524 455,268 SH   SOLE   455,268 0 0
HMN FINL INC COM 40424G108 515 29,919 SH   SOLE   29,919 0 0
HOME BANCORP INC COM 43689E107 1,372 49,024 SH   SOLE   49,024 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,681 87,054 SH   SOLE   87,054 0 0
HOPE BANCORP INC COM 43940T109 2,123 194,551 SH   SOLE   194,551 0 0
HORIZON BANCORP INC COM 440407104 700 44,166 SH   SOLE   44,166 0 0
IF BANCORP INC COM 44951J105 248 11,265 SH   SOLE   11,265 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 10,712 286,119 SH   SOLE   286,119 0 0
INVESTORS BANCORP INC NEW COM 46146L101 1,268 120,031 SH   SOLE   120,031 0 0
LAKELAND BANCORP INC COM 511637100 1,934 152,258 SH   SOLE   152,258 0 0
LIMESTONE BANCORP INC COM 53262L105 588 46,778 SH   SOLE   46,778 0 0
MACATAWA BK CORP COM 554225102 544 65,009 SH   SOLE   65,009 0 0
MACKINAC FINL CORP COM 554571109 1,270 99,526 SH   SOLE   99,526 0 0
MAINSTREET BANCSHARES INC COM 56064Y100 229 13,565 SH   SOLE   13,565 0 0
MALVERN BANCORP INC COM 561409103 1,020 65,791 SH   SOLE   65,791 0 0
MERCANTILE BANK CORP COM 587376104 313 11,510 SH   SOLE   11,510 0 0
MERIDIAN BANCORP INC MD COM 58958U103 1,016 68,145 SH   SOLE   68,145 0 0
MERIDIAN CORPORATION COM 58958P104 1,186 57,021 SH   SOLE   57,021 0 0
METROPOLITAN BK HLDG CORP COM 591774104 883 24,349 SH   SOLE   24,349 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 302 16,879 SH   SOLE   16,879 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 1,730 70,632 SH   SOLE   70,632 0 0
NORTHEAST BANCORP COM NEW 663904209 3,542 157,291 SH   SOLE   157,291 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108 472 38,258 SH   SOLE   38,258 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 236 18,490 SH   SOLE   18,490 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 475 28,594 SH   SOLE   28,594 0 0
OLD SECOND BANCORP INC ILL COM 680277100 114 11,275 SH   SOLE   11,275 0 0
OP BANCORP COM 67109R109 3,437 446,373 SH   SOLE   446,373 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 3,452 671,503 SH   SOLE   671,503 0 0
PACWEST BANCORP DEL COM 695263103 10,899 429,097 SH   SOLE   429,097 0 0
PARKE BANCORP INC COM 700885106 3,851 246,829 SH   SOLE   246,829 0 0
PCB BANCORP COM 69320M109 1,893 187,193 SH   SOLE   187,193 0 0
PCSB FINL CORP COM 69324R104 234 14,670 SH   SOLE   14,670 0 0
PDL CMNTY BANCORP COM 69290X101 127 12,063 SH   SOLE   12,063 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 1,810 79,537 SH   SOLE   79,537 0 0
PEOPLES FINL SVCS CORP COM 711040105 407 11,059 SH   SOLE   11,059 0 0
PLUMAS BANCORP COM 729273102 634 26,991 SH   SOLE   26,991 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,557 117,151 SH   SOLE   117,151 0 0
PROVIDENT BANCORP INC COM 74383X109 1,982 165,166 SH   SOLE   165,166 0 0
PROVIDENT FINL SVCS INC COM 74386T105 3,187 177,449 SH   SOLE   177,449 0 0
QCR HOLDINGS INC COM 74727A104 462 11,671 SH   SOLE   11,671 0 0
RANDOLPH BANCORP INC COM 752378109 4,131 187,244 SH   SOLE   187,244 0 0
RBB BANCORP COM 74930B105 3,485 226,600 SH   SOLE   226,600 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 5,588 1,960,655 SH   SOLE   1,960,655 0 0
RIVERVIEW BANCORP INC COM 769397100 74 14,015 SH   SOLE   14,015 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 759 82,958 SH   SOLE   82,958 0 0
S & T BANCORP INC COM 783859101 374 15,059 SH   SOLE   15,059 0 0
SB FINL GROUP INC COM 78408D105 1,090 59,635 SH   SOLE   59,635 0 0
SELECT BANCORP INC NEW COM 81617L108 2,279 240,669 SH   SOLE   240,669 0 0
SHORE BANCSHARES INC COM 825107105 1,561 106,896 SH   SOLE   106,896 0 0
SIERRA BANCORP COM 82620P102 2,585 108,083 SH   SOLE   108,083 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 2,746 20,300 SH   SOLE   20,300 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 622 28,825 SH   SOLE   28,825 0 0
SMARTFINANCIAL INC COM NEW 83190L208 2,641 145,612 SH   SOLE   145,612 0 0
SOUND FINL BANCORP INC COM 83607A100 1,185 37,318 SH   SOLE   37,318 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 428 22,570 SH   SOLE   22,570 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 2,897 239,189 SH   SOLE   239,189 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,036 76,875 SH   SOLE   76,875 0 0
SYNOVUS FINL CORP COM NEW 87161C501 3,467 107,119 SH   SOLE   107,119 0 0
TERRITORIAL BANCORP INC COM 88145X108 522 21,708 SH   SOLE   21,708 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 4,847 81,467 SH   SOLE   81,467 0 0
TIMBERLAND BANCORP INC COM 887098101 1,540 63,470 SH   SOLE   63,470 0 0
TRUSTCO BK CORP N Y COM 898349105 204 30,537 SH   SOLE   30,537 0 0
UMPQUA HLDGS CORP COM 904214103 1,081 71,400 SH   SOLE   71,400 0 0
UNITED BANCSHARES INC OHIO COM 909458101 309 12,141 SH   SOLE   12,141 0 0
UNITY BANCORP INC COM 913290102 272 15,501 SH   SOLE   15,501 0 0
WESBANCO INC COM 950810101 893 29,792 SH   SOLE   29,792 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 1,301 188,860 SH   SOLE   188,860 0 0
WINTRUST FINL CORP COM 97650W108 13,353 218,575 SH   SOLE   218,575 0 0
WVS FINL CORP COM 929358109 184 12,878 SH   SOLE   12,878 0 0
ZIONS BANCORPORATION N A COM 989701107 741 17,059 SH   SOLE   17,059 0 0