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
ALERUS FINL CORP COM 01446U103 2,774 116,509 SH   SOLE   116,509 0 0
BANK PRINCETON NEW JERSEY COM 064520109 4,364 158,918 SH   SOLE   158,918 0 0
BANNER CORP COM NEW 06652V208 3,787 67,379 SH   SOLE   67,379 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 4,643 187,443 SH   SOLE   187,443 0 0
CADENCE BANK COM 12740C103 3,941 167,846 SH   SOLE   167,846 0 0
CALIFORNIA BANCORP INC COM 13005U101 3,551 184,281 SH   SOLE   184,281 0 0
CAMDEN NATL CORP COM 133034108 3,410 77,418 SH   SOLE   77,418 0 0
CAPITAL BANCORP INC MD COM 139737100 3,338 153,841 SH   SOLE   153,841 0 0
CF BANKSHARES INC COM 12520L109 5,548 219,944 SH   SOLE   219,944 0 0
COMERICA INC COM 200340107 5,331 72,650 SH   SOLE   72,650 0 0
CONNECTONE BANCORP INC COM 20786W107 6,655 272,198 SH   SOLE   272,198 0 0
EAST WEST BANCORP INC COM 27579R104 5,108 78,823 SH   SOLE   78,823 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 2,787 86,593 SH   SOLE   86,593 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 6,593 158,875 SH   SOLE   158,875 0 0
EVANS BANCORP INC COM NEW 29911Q208 3,467 101,993 SH   SOLE   101,993 0 0
FARMERS NATIONAL BANC CORP COM 309627107 2,820 188,026 SH   SOLE   188,026 0 0
FIRST CMNTY CORP S C COM 319835104 3,101 161,784 SH   SOLE   161,784 0 0
FIRST FNDTN INC COM 32026V104 6,372 311,153 SH   SOLE   311,153 0 0
FIRST WESTN FINL INC COM 33751L105 7,016 258,019 SH   SOLE   258,019 0 0
FIVE STAR BANCORP COM 33830T103 2,642 100,000 SH   SOLE   100,000 0 0
FLUSHING FINL CORP COM 343873105 3,068 144,287 SH   SOLE   144,287 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 3,542 256,854 SH   SOLE   256,854 0 0
HERITAGE COMM CORP COM 426927109 3,847 359,824 SH   SOLE   359,824 0 0
HOMESTREET INC COM 43785V102 7,544 217,602 SH   SOLE   217,602 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,486 59,434 SH   SOLE   59,434 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 9,216 229,939 SH   SOLE   229,939 0 0
JOHN MARSHALL BANCORP INC COM 47805L101 3,969 176,071 SH   SOLE   176,071 0 0
LAKELAND BANCORP INC COM 511637100 2,927 200,178 SH   SOLE   200,178 0 0
LIMESTONE BANCORP INC COM 53262L105 6,973 378,859 SH   SOLE   378,859 0 0
M & T BK CORP COM 55261F104 5,834 36,600 SH   SOLE   36,600 0 0
MACATAWA BK CORP COM 554225102 5,715 646,503 SH   SOLE   646,503 0 0
MERCHANTS BANCORP IND COM 58844R108 1,289 56,840 SH   SOLE   56,840 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 3,422 115,155 SH   SOLE   115,155 0 0
OCEANFIRST FINL CORP COM 675234108 4,304 224,972 SH   SOLE   224,972 0 0
OLD NATL BANCORP IND COM 680033107 3,691 249,542 SH   SOLE   249,542 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,945 220,111 SH   SOLE   220,111 0 0
ORANGE CNTY BANCORP INC COM 68417L107 986 25,959 SH   SOLE   25,959 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 3,603 121,318 SH   SOLE   121,318 0 0
PEOPLES BANCORP INC COM 709789101 4,313 162,158 SH   SOLE   162,158 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 3,866 53,471 SH   SOLE   53,471 0 0
PREMIER FINANCIAL CORP COM 74052F108 4,644 183,193 SH   SOLE   183,193 0 0
PROSPERITY BANCSHARES INC COM 743606105 5,685 83,277 SH   SOLE   83,277 0 0
QCR HOLDINGS INC COM 74727A104 11,683 216,397 SH   SOLE   216,397 0 0
RED RIVER BANCSHARES INC COM 75686R202 2,793 51,645 SH   SOLE   51,645 0 0
REPUBLIC BANCORP INC KY CL A 760281204 3,237 67,094 SH   SOLE   67,094 0 0
RIVERVIEW BANCORP INC COM 769397100 3,401 516,936 SH   SOLE   516,936 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 4,339 24,210 SH   SOLE   24,210 0 0
SMARTFINANCIAL INC COM NEW 83190L208 3,580 148,160 SH   SOLE   148,160 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107 5,677 107,848 SH   SOLE   107,848 0 0
UNITED SEC BANCSHARES CALIF COM 911460103 3,564 467,776 SH   SOLE   467,776 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 1,962 170,000 SH   SOLE   170,000 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 3,088 98,076 SH   SOLE   98,076 0 0
WEBSTER FINL CORP CONN COM 947890109 3,659 86,800 SH   SOLE   86,800 0 0
WESTERN ALLIANCE BANCORP COM 957638109 5,546 78,552 SH   SOLE   78,552 0 0