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 2,396 108,395 SH   SOLE   108,395 0 0
BANK PRINCETON NEW JERSEY COM 064520109 4,505 158,918 SH   SOLE   158,918 0 0
BANNER CORP COM NEW 06652V208 4,306 72,879 SH   SOLE   72,879 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 5,336 195,443 SH   SOLE   195,443 0 0
CADENCE BANK COM 12740C103 4,475 176,096 SH   SOLE   176,096 0 0
CALIFORNIA BANCORP INC COM 13005U101 3,726 184,281 SH   SOLE   184,281 0 0
CAMDEN NATL CORP COM 133034108 3,298 77,418 SH   SOLE   77,418 0 0
CAPITAL BANCORP INC MD COM 139737100 3,772 163,271 SH   SOLE   163,271 0 0
CF BANKSHARES INC COM 12520L109 2,662 129,116 SH   SOLE   129,116 0 0
CNB FINL CORP PA COM 126128107 2,748 116,596 SH   SOLE   116,596 0 0
COMERICA INC COM 200340107 5,165 72,650 SH   SOLE   72,650 0 0
CONNECTONE BANCORP INC COM 20786W107 5,135 222,698 SH   SOLE   222,698 0 0
CULLEN FROST BANKERS INC COM 229899109 4,562 34,501 SH   SOLE   34,501 0 0
EAST WEST BANCORP INC COM 27579R104 5,527 82,323 SH   SOLE   82,323 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 2,590 86,593 SH   SOLE   86,593 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 6,521 148,075 SH   SOLE   148,075 0 0
EVANS BANCORP INC COM NEW 29911Q208 3,738 101,993 SH   SOLE   101,993 0 0
FARMERS NATIONAL BANC CORP COM 309627107 2,823 215,695 SH   SOLE   215,695 0 0
FIRST CMNTY CORP S C COM 319835104 2,831 161,784 SH   SOLE   161,784 0 0
FIRST FNDTN INC COM 32026V104 3,994 220,153 SH   SOLE   220,153 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 979 7,500 SH   SOLE   7,500 0 0
FIRST WESTN FINL INC COM 33751L105 5,769 234,019 SH   SOLE   234,019 0 0
FIVE STAR BANCORP COM 33830T103 2,836 100,000 SH   SOLE   100,000 0 0
FLUSHING FINL CORP COM 343873105 2,795 144,287 SH   SOLE   144,287 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100 3,782 281,854 SH   SOLE   281,854 0 0
HERITAGE COMM CORP COM 426927109 4,080 359,824 SH   SOLE   359,824 0 0
HOMESTREET INC COM 43785V102 1,031 35,770 SH   SOLE   35,770 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 8,837 207,939 SH   SOLE   207,939 0 0
JOHN MARSHALL BANCORP INC COM 47805L101 4,324 176,071 SH   SOLE   176,071 0 0
LIMESTONE BANCORP INC COM 53262L105 7,433 378,859 SH   SOLE   378,859 0 0
M & T BK CORP COM 55261F104 6,762 38,350 SH   SOLE   38,350 0 0
MACATAWA BK CORP COM 554225102 5,740 619,887 SH   SOLE   619,887 0 0
MERCHANTS BANCORP IND COM 58844R108 988 42,808 SH   SOLE   42,808 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 3,795 139,053 SH   SOLE   139,053 0 0
OCEANFIRST FINL CORP COM 675234108 3,672 196,972 SH   SOLE   196,972 0 0
OLD NATL BANCORP IND COM 680033107 4,497 273,042 SH   SOLE   273,042 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,856 218,861 SH   SOLE   218,861 0 0
ORANGE CNTY BANCORP INC COM 68417L107 999 25,959 SH   SOLE   25,959 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 4,082 121,318 SH   SOLE   121,318 0 0
PEOPLES BANCORP INC COM 709789101 4,113 142,158 SH   SOLE   142,158 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 5,877 72,471 SH   SOLE   72,471 0 0
PREMIER FINANCIAL CORP COM 74052F108 3,834 149,193 SH   SOLE   149,193 0 0
PROSPERITY BANCSHARES INC COM 743606105 6,020 90,277 SH   SOLE   90,277 0 0
QCR HOLDINGS INC COM 74727A104 10,412 204,397 SH   SOLE   204,397 0 0
RED RIVER BANCSHARES INC COM 75686R202 2,553 51,645 SH   SOLE   51,645 0 0
REPUBLIC BANCORP INC KY CL A 760281204 2,570 67,094 SH   SOLE   67,094 0 0
RIVERVIEW BANCORP INC COM 769397100 3,283 516,936 SH   SOLE   516,936 0 0
SMARTFINANCIAL INC COM NEW 83190L208 3,661 148,160 SH   SOLE   148,160 0 0
SYNOVUS FINL CORP COM NEW 87161C501 994 26,488 SH   SOLE   26,488 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107 6,986 118,348 SH   SOLE   118,348 0 0
UNITED SEC BANCSHARES CALIF COM 911460103 3,050 467,776 SH   SOLE   467,776 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 2,229 170,000 SH   SOLE   170,000 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 3,182 98,076 SH   SOLE   98,076 0 0
WEBSTER FINL CORP COM 947890109 4,308 95,300 SH   SOLE   95,300 0 0