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 2,842 137,355 SH   SOLE   137,355 0 0
1ST SOURCE CORP COM 336901103 204 4,387 SH   SOLE   4,387 0 0
AMERICAN RIVER BANKSHARES COM 029326105 637 35,444 SH   SOLE   35,444 0 0
AMERISERV FINL INC COM 03074A102 2,249 572,176 SH   SOLE   572,176 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 3,766 147,921 SH   SOLE   147,921 0 0
BANK COMM HLDGS COM 06424J103 5,774 384,415 SH   SOLE   384,415 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 414 25,871 SH   SOLE   25,871 0 0
BANK PRINCETON NEW JERSEY COM 064520109 1,966 68,571 SH   SOLE   68,571 0 0
BANKFINANCIAL CORP COM 06643P104 1,941 169,647 SH   SOLE   169,647 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,568 56,724 SH   SOLE   56,724 0 0
BANNER CORP COM NEW 06652V208 5,669 104,575 SH   SOLE   104,575 0 0
BAYCOM CORP COM 07272M107 1,808 100,697 SH   SOLE   100,697 0 0
BCB BANCORP INC COM 055298103 455 33,810 SH   SOLE   33,810 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 8,457 308,548 SH   SOLE   308,548 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105 480 27,405 SH   SOLE   27,405 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 782 52,332 SH   SOLE   52,332 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 218 9,489 SH   SOLE   9,489 0 0
BYLINE BANCORP INC COM 124411109 757 33,469 SH   SOLE   33,469 0 0
C & F FINL CORP COM 12466Q104 1,996 39,131 SH   SOLE   39,131 0 0
CADENCE BANCORPORATION CL A 12739A100 1,172 56,111 SH   SOLE   56,111 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 10,783 526,006 SH   SOLE   526,006 0 0
CARTER BK & TR MARTINSVILLE COM 146102108 1,903 152,131 SH   SOLE   152,131 0 0
CB FINL SVCS INC COM 12479G101 466 21,053 SH   SOLE   21,053 0 0
CBM BANCORP INC COM 1248XT104 342 21,868 SH   SOLE   21,868 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 4,411 218,905 SH   SOLE   218,905 0 0
CF BANKSHARES INC COM 12520L109 1,292 66,303 SH   SOLE   66,303 0 0
CHEMUNG FINL CORP COM 164024101 238 5,361 SH   SOLE   5,361 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 415 30,338 SH   SOLE   30,338 0 0
CITIZENS FINL GROUP INC COM 174610105 1,801 39,261 SH   SOLE   39,261 0 0
CITIZENS HLDG CO MISS COM 174715102 214 11,596 SH   SOLE   11,596 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 2,685 121,471 SH   SOLE   121,471 0 0
CNB FINL CORP PA COM 126128107 315 13,811 SH   SOLE   13,811 0 0
CODORUS VY BANCORP INC COM 192025104 1,229 61,343 SH   SOLE   61,343 0 0
COLUMBIA FINL INC COM 197641103 1,902 110,467 SH   SOLE   110,467 0 0
COMMUNITY BANKERS TR CORP COM 203612106 4,071 358,977 SH   SOLE   358,977 0 0
COMMUNITY FINL CORP MD COM 20368X101 4,733 137,197 SH   SOLE   137,197 0 0
COMMUNITY WEST BANCSHARES COM 204157101 972 72,568 SH   SOLE   72,568 0 0
COUNTY BANCORP INC COM 221907108 1,495 44,022 SH   SOLE   44,022 0 0
CUSTOMERS BANCORP INC COM 23204G100 8,845 226,860 SH   SOLE   226,860 0 0
EAGLE BANCORP MONT INC COM 26942G100 1,102 47,898 SH   SOLE   47,898 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,996 60,942 SH   SOLE   60,942 0 0
FFBW INC COM 30258M107 774 67,908 SH   SOLE   67,908 0 0
FINANCIAL INSTNS INC COM 317585404 5,849 194,963 SH   SOLE   194,963 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 3,567 263,444 SH   SOLE   263,444 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 3,344 123,524 SH   SOLE   123,524 0 0
FIRST CMNTY CORP S C COM 319835104 1,465 72,515 SH   SOLE   72,515 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,552 168,434 SH   SOLE   168,434 0 0
FIRST FINL CORP IND COM 320218100 4,767 116,769 SH   SOLE   116,769 0 0
FIRST GTY BANCSHARES INC COM 32043P106 754 38,696 SH   SOLE   38,696 0 0
FIRST LONG IS CORP COM 320734106 1,689 79,578 SH   SOLE   79,578 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 482 24,294 SH   SOLE   24,294 0 0
FIRST NATL CORP COM 32106V107 302 15,049 SH   SOLE   15,049 0 0
FIRST NORTHWEST BANCORP COM 335834107 2,402 136,853 SH   SOLE   136,853 0 0
FIRST SVGS FINL GROUP INC COM 33621E109 323 4,413 SH   SOLE   4,413 0 0
FIRST US BANCSHARES INC COM 33744V103 1,033 94,259 SH   SOLE   94,259 0 0
FIRST WESTN FINL INC COM 33751L105 1,101 42,523 SH   SOLE   42,523 0 0
FIVE STAR BANCORP COM 33830T103 1,449 60,000 SH   SOLE   60,000 0 0
FLUSHING FINL CORP COM 343873105 3,063 142,910 SH   SOLE   142,910 0 0
FNCB BANCORP INC COM 302578109 402 55,337 SH   SOLE   55,337 0 0
FRANKLIN FINL SVCS CORP COM 353525108 287 8,988 SH   SOLE   8,988 0 0
FS BANCORP INC COM 30263Y104 7,087 99,443 SH   SOLE   99,443 0 0
FULTON FINL CORP PA COM 360271100 252 16,000 SH   SOLE   16,000 0 0
GLEN BURNIE BANCORP COM 377407101 415 32,750 SH   SOLE   32,750 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,316 42,965 SH   SOLE   42,965 0 0
GREAT WESTN BANCORP INC COM 391416104 1,296 39,536 SH   SOLE   39,536 0 0
GREENE CNTY BANCORP INC COM 394357107 385 13,685 SH   SOLE   13,685 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 773 31,661 SH   SOLE   31,661 0 0
HEARTLAND FINL USA INC COM 42234Q102 708 15,063 SH   SOLE   15,063 0 0
HERITAGE COMMERCE CORP COM 426927109 4,764 428,042 SH   SOLE   428,042 0 0
HILLTOP HOLDINGS INC COM 432748101 7,550 207,422 SH   SOLE   207,422 0 0
HMN FINL INC COM 40424G108 561 26,353 SH   SOLE   26,353 0 0
HOME BANCORP INC COM 43689E107 1,795 47,109 SH   SOLE   47,109 0 0
HOMETRUST BANCSHARES INC COM 437872104 2,836 101,634 SH   SOLE   101,634 0 0
HORIZON BANCORP INC COM 440407104 421 24,142 SH   SOLE   24,142 0 0
IF BANCORP INC COM 44951J105 257 11,265 SH   SOLE   11,265 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 7,378 171,820 SH   SOLE   171,820 0 0
INVESTORS BANCORP INC NEW COM 46146L101 454 31,831 SH   SOLE   31,831 0 0
LAKELAND BANCORP INC COM 511637100 2,916 166,833 SH   SOLE   166,833 0 0
LIMESTONE BANCORP INC COM 53262L105 866 52,024 SH   SOLE   52,024 0 0
MACATAWA BK CORP COM 554225102 739 84,407 SH   SOLE   84,407 0 0
MACKINAC FINL CORP COM 554571109 2,865 145,002 SH   SOLE   145,002 0 0
MAINSTREET BANCSHARES INC COM 56064Y100 479 21,221 SH   SOLE   21,221 0 0
MALVERN BANCORP INC COM 561409103 1,183 64,094 SH   SOLE   64,094 0 0
MERCANTILE BANK CORP COM 587376104 568 18,793 SH   SOLE   18,793 0 0
MERIDIAN BANCORP INC MD COM 58958U103 306 11,660 SH   SOLE   11,660 0 0
METROPOLITAN BK HLDG CORP COM 591774104 335 5,570 SH   SOLE   5,570 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 352 13,383 SH   SOLE   13,383 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 1,980 68,816 SH   SOLE   68,816 0 0
NORTHEAST BANCORP COM NEW 663904209 800 26,789 SH   SOLE   26,789 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 551 30,342 SH   SOLE   30,342 0 0
OP BANCORP COM 67109R109 4,306 428,032 SH   SOLE   428,032 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 5,392 626,940 SH   SOLE   626,940 0 0
PACWEST BANCORP DEL COM 695263103 6,072 147,533 SH   SOLE   147,533 0 0
PARKE BANCORP INC COM 700885106 4,474 228,716 SH   SOLE   228,716 0 0
PCB BANCORP COM 69320M109 2,948 183,099 SH   SOLE   183,099 0 0
PCSB FINL CORP COM 69324R104 198 10,905 SH   SOLE   10,905 0 0
PDL CMNTY BANCORP COM 69290X101 167 12,219 SH   SOLE   12,219 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 2,678 86,184 SH   SOLE   86,184 0 0
PEOPLES BANCORP N C INC COM 710577107 304 11,777 SH   SOLE   11,777 0 0
PLUMAS BANCORP COM 729273102 791 24,682 SH   SOLE   24,682 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,328 78,806 SH   SOLE   78,806 0 0
PROVIDENT BANCORP INC COM 74383X109 867 53,177 SH   SOLE   53,177 0 0
PROVIDENT FINL SVCS INC COM 74386T105 2,489 108,745 SH   SOLE   108,745 0 0
QCR HOLDINGS INC COM 74727A104 561 11,671 SH   SOLE   11,671 0 0
RANDOLPH BANCORP INC COM 752378109 2,000 96,583 SH   SOLE   96,583 0 0
RBB BANCORP COM 74930B105 5,169 213,414 SH   SOLE   213,414 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 6,853 1,717,422 SH   SOLE   1,717,422 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 842 73,679 SH   SOLE   73,679 0 0
SB FINL GROUP INC COM 78408D105 809 43,706 SH   SOLE   43,706 0 0
SELECT BANCORP INC NEW COM 81617L108 2,967 184,063 SH   SOLE   184,063 0 0
SHORE BANCSHARES INC COM 825107105 1,637 97,753 SH   SOLE   97,753 0 0
SIERRA BANCORP COM 82620P102 2,842 111,680 SH   SOLE   111,680 0 0
SMARTFINANCIAL INC COM NEW 83190L208 3,195 133,084 SH   SOLE   133,084 0 0
SOUND FINL BANCORP INC COM 83607A100 1,634 35,535 SH   SOLE   35,535 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 274 11,847 SH   SOLE   11,847 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 607 26,592 SH   SOLE   26,592 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,145 73,711 SH   SOLE   73,711 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 5,902 92,960 SH   SOLE   92,960 0 0
TIMBERLAND BANCORP INC COM 887098101 1,579 56,163 SH   SOLE   56,163 0 0
UMPQUA HLDGS CORP COM 904214103 1,733 93,914 SH   SOLE   93,914 0 0
UNITED BANCSHARES INC OHIO COM 909458101 439 12,257 SH   SOLE   12,257 0 0
UNITY BANCORP INC COM 913290102 452 20,479 SH   SOLE   20,479 0 0
WESBANCO INC COM 950810101 487 13,666 SH   SOLE   13,666 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 1,548 189,909 SH   SOLE   189,909 0 0
WINTRUST FINL CORP COM 97650W108 8,958 118,448 SH   SOLE   118,448 0 0
WVS FINL CORP COM 929358109 211 12,878 SH   SOLE   12,878 0 0
ZIONS BANCORPORATION N A COM 989701107 1,992 37,675 SH   SOLE   37,675 0 0