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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALERUS FINL CORP COM 01446U103   2,531 108,395 SH   SOLE   108,395 0 0
BANK PRINCETON NEW JERSEY COM 064520109   5,041 158,918 SH   SOLE   158,918 0 0
BANNER CORP COM NEW 06652V208   5,238 82,879 SH   SOLE   82,879 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107   4,585 153,336 SH   SOLE   153,336 0 0
BOK FINL CORP COM NEW 05561Q201   4,208 40,548 SH   SOLE   40,548 0 0
CADENCE BANK COM 12740C103   2,616 106,096 SH   SOLE   106,096 0 0
CALIFORNIA BANCORP INC COM 13005U101   4,382 184,281 SH   SOLE   184,281 0 0
CAMDEN NATL CORP COM 133034108   3,228 77,418 SH   SOLE   77,418 0 0
CAPITAL BANCORP INC MD COM 139737100   3,843 163,271 SH   SOLE   163,271 0 0
CF BANKSHARES INC COM 12520L109   3,173 149,830 SH   SOLE   149,830 0 0
CITIZENS FINL GROUP INC COM 174610105   4,957 125,906 SH   SOLE   125,906 0 0
CNB FINL CORP PA COM 126128107   2,774 116,596 SH   SOLE   116,596 0 0
COMERICA INC COM 200340107   5,191 77,650 SH   SOLE   77,650 0 0
CULLEN FROST BANKERS INC COM 229899109   4,680 35,001 SH   SOLE   35,001 0 0
EAST WEST BANCORP INC COM 27579R104   5,425 82,323 SH   SOLE   82,323 0 0
ENTERPRISE BANCORP INC MASS COM 293668109   3,057 86,593 SH   SOLE   86,593 0 0
ENTERPRISE FINL SVCS CORP COM 293712105   7,250 148,075 SH   SOLE   148,075 0 0
ESQUIRE FINL HLDGS INC COM 29667J101   2,215 51,200 SH   SOLE   51,200 0 0
EVANS BANCORP INC COM NEW 29911Q208   4,456 119,174 SH   SOLE   119,174 0 0
FARMERS NATIONAL BANC CORP COM 309627107   3,046 215,695 SH   SOLE   215,695 0 0
FIRST CMNTY CORP S C COM 319835104   3,541 161,784 SH   SOLE   161,784 0 0
FIRST FNDTN INC COM 32026V104   2,129 148,578 SH   SOLE   148,578 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201   2,847 73,653 SH   SOLE   73,653 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100   3,608 29,600 SH   SOLE   29,600 0 0
FIRST WESTN FINL INC COM 33751L105   6,264 222,509 SH   SOLE   222,509 0 0
FIVE STAR BANCORP COM 33830T103   2,724 100,000 SH   SOLE   100,000 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   2,989 215,026 SH   SOLE   215,026 0 0
HERITAGE COMM CORP COM 426927109   2,740 210,743 SH   SOLE   210,743 0 0
HUNTINGTON BANCSHARES INC COM 446150104   3,024 214,500 SH   SOLE   214,500 0 0
INTERNATIONAL BANCSHARES COR COM 459044103   8,358 182,644 SH   SOLE   182,644 0 0
JOHN MARSHALL BANCORP INC COM 47805L101   5,067 176,071 SH   SOLE   176,071 0 0
LIMESTONE BANCORP INC COM 53262L105   1,096 44,865 SH   SOLE   44,865 0 0
MACATAWA BK CORP COM 554225102   6,837 619,887 SH   SOLE   619,887 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   4,656 169,355 SH   SOLE   169,355 0 0
MERCHANTS BANCORP IND COM 58844R108   1,041 42,808 SH   SOLE   42,808 0 0
OCEANFIRST FINL CORP COM 675234108   4,186 196,972 SH   SOLE   196,972 0 0
OLD NATL BANCORP IND COM 680033107   5,449 303,042 SH   SOLE   303,042 0 0
OLD SECOND BANCORP INC ILL COM 680277100   3,511 218,861 SH   SOLE   218,861 0 0
ORANGE CNTY BANCORP INC COM 68417L107   1,209 25,959 SH   SOLE   25,959 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107   4,515 121,318 SH   SOLE   121,318 0 0
PEOPLES BANCORP INC COM 709789101   4,016 142,158 SH   SOLE   142,158 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104   5,319 72,471 SH   SOLE   72,471 0 0
PREMIER FINANCIAL CORP COM 74052F108   4,024 149,193 SH   SOLE   149,193 0 0
PROSPERITY BANCSHARES INC COM 743606105   4,454 61,277 SH   SOLE   61,277 0 0
QCR HOLDINGS INC COM 74727A104   10,146 204,397 SH   SOLE   204,397 0 0
RED RIVER BANCSHARES INC COM 75686R202   2,637 51,645 SH   SOLE   51,645 0 0
RIVERVIEW BANCORP INC COM 769397100   3,995 520,242 SH   SOLE   520,242 0 0
SMARTFINANCIAL INC COM NEW 83190L208   4,074 148,160 SH   SOLE   148,160 0 0
STELLAR BANCORP INC COM 858927106   3,535 120,000 SH   SOLE   120,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501   1,051 27,988 SH   SOLE   27,988 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107   7,138 118,348 SH   SOLE   118,348 0 0
UNITED SEC BANCSHARES CALIF COM 911460103   3,419 467,776 SH   SOLE   467,776 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101   2,074 170,000 SH   SOLE   170,000 0 0
VILLAGE BK & TR FINL CORP COM NEW 92705T200   1,867 35,907 SH   SOLE   35,907 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103   3,595 98,076 SH   SOLE   98,076 0 0
WEBSTER FINL CORP COM 947890109   4,512 95,300 SH   SOLE   95,300 0 0