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
1895 BANCORP OF WIS INC COM 28253R105   403,142 50,142 SH   SOLE   50,142 0 0
AFFINITY BANCSHARES INC COM 00832E103   305,288 21,319 SH   SOLE   21,319 0 0
AMERISERV FINL INC COM 03074A102   242,768 79,596 SH   SOLE   79,596 0 0
BANC OF CALIFORNIA INC COM 05990K106   3,405,717 271,805 SH   SOLE   271,805 0 0
BANK OF THE JAMES FINL GP IN COM 470299108   468,452 44,572 SH   SOLE   44,572 0 0
BANKFINANCIAL CORP COM 06643P104   1,447,836 165,467 SH   SOLE   165,467 0 0
BANKUNITED INC COM 06652K103   5,675,777 251,363 SH   SOLE   251,363 0 0
BANKWELL FINL GROUP INC COM 06654A103   1,301,023 52,334 SH   SOLE   52,334 0 0
BAYCOM CORP COM 07272M107   3,334,136 195,207 SH   SOLE   195,207 0 0
BCB BANCORP INC COM 055298103   650,710 49,559 SH   SOLE   49,559 0 0
BLUE FOUNDRY BANCORP COM 09549B104   1,323,223 138,994 SH   SOLE   138,994 0 0
BOGOTA FINL CORP COM 097235105   472,220 47,222 SH   SOLE   47,222 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105   445,157 25,987 SH   SOLE   25,987 0 0
BYLINE BANCORP INC COM 124411109   482,494 22,317 SH   SOLE   22,317 0 0
C & F FINL CORP COM 12466Q104   1,571,260 30,386 SH   SOLE   30,386 0 0
CADENCE BANK COM 12740C103   248,622 11,976 SH   SOLE   11,976 0 0
CAPSTAR FINL HLDGS INC COM 14070T102   3,229,541 213,171 SH   SOLE   213,171 0 0
CARTER BANKSHARES INC COM NEW 146103106   1,220,996 87,214 SH   SOLE   87,214 0 0
CF BANKSHARES INC COM 12520L109   1,372,800 70,400 SH   SOLE   70,400 0 0
CHEMUNG FINL CORP COM 164024101   409,688 9,872 SH   SOLE   9,872 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104   176,837 16,667 SH   SOLE   16,667 0 0
CITIZENS FINL GROUP INC COM 174610105   373,794 12,308 SH   SOLE   12,308 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107   402,740 23,859 SH   SOLE   23,859 0 0
CNB FINL CORP PA COM 126128107   1,119,283 58,296 SH   SOLE   58,296 0 0
CODORUS VY BANCORP INC COM 192025104   1,346,239 64,879 SH   SOLE   64,879 0 0
COLUMBIA FINL INC COM 197641103   1,587,508 86,844 SH   SOLE   86,844 0 0
COMMUNITY FINL CORP MD COM 20368X101   4,205,456 126,938 SH   SOLE   126,938 0 0
CROSSFIRST BANKSHARES INC COM 22766M109   469,598 44,809 SH   SOLE   44,809 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   1,332,869 58,665 SH   SOLE   58,665 0 0
EAGLE BANCORP INC MD COM 268948106   1,815,446 54,241 SH   SOLE   54,241 0 0
EAGLE BANCORP MONT INC COM 26942G100   757,509 53,686 SH   SOLE   53,686 0 0
EASTERN BANKSHARES INC COM 27627N105   2,394,607 189,747 SH   SOLE   189,747 0 0
ENTERPRISE BANCORP INC MASS COM 293668109   2,035,714 64,708 SH   SOLE   64,708 0 0
FINANCIAL INSTNS INC COM 317585404   2,826,255 146,590 SH   SOLE   146,590 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102   2,678,732 265,221 SH   SOLE   265,221 0 0
FIRST CAP INC COM 31942S104   578,048 22,536 SH   SOLE   22,536 0 0
FIRST CMNTY CORP S C COM 319835104   816,280 40,814 SH   SOLE   40,814 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102   2,103,628 164,732 SH   SOLE   164,732 0 0
FIRST FINL CORP IND COM 320218100   3,083,967 82,283 SH   SOLE   82,283 0 0
FIRST FNDTN INC COM 32026V104   2,432,671 326,533 SH   SOLE   326,533 0 0
FIRST LONG IS CORP COM 320734106   1,420,848 105,248 SH   SOLE   105,248 0 0
FIRST NATL CORP COM 32106V107   391,139 24,740 SH   SOLE   24,740 0 0
FIRST NORTHWEST BANCORP COM 335834107   1,156,463 100,562 SH   SOLE   100,562 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   575,958 35,796 SH   SOLE   35,796 0 0
FIRST US BANCSHARES INC COM 33744V103   664,628 88,854 SH   SOLE   88,854 0 0
FLUSHING FINL CORP COM 343873105   2,963,631 199,035 SH   SOLE   199,035 0 0
FNCB BANCORP INC COM 302578109   370,326 59,730 SH   SOLE   59,730 0 0
FRANKLIN FINL SVCS CORP COM 353525108   391,900 13,222 SH   SOLE   13,222 0 0
FS BANCORP INC COM 30263Y104   4,765,318 158,791 SH   SOLE   158,791 0 0
FVCBANKCORP INC COM 36120Q101   207,760 19,508 SH   SOLE   19,508 0 0
GENERATIONS BANCORP NY INC COM 37149G108   205,418 20,139 SH   SOLE   20,139 0 0
GREAT SOUTHN BANCORP INC COM 390905107   310,820 6,133 SH   SOLE   6,133 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   1,017,358 83,390 SH   SOLE   83,390 0 0
HILLTOP HOLDINGS INC COM 432748101   4,926,436 166,041 SH   SOLE   166,041 0 0
HMN FINL INC COM 40424G108   762,206 39,554 SH   SOLE   39,554 0 0
HOME BANCORP INC COM 43689E107   854,486 25,870 SH   SOLE   25,870 0 0
HOMETRUST BANCSHARES INC COM 437872104   416,653 16,944 SH   SOLE   16,944 0 0
HOPE BANCORP INC COM 43940T109   223,051 22,714 SH   SOLE   22,714 0 0
HV BANCORP INC COM 40441H105   462,672 15,407 SH   SOLE   15,407 0 0
IF BANCORP INC COM 44951J105   172,820 11,121 SH   SOLE   11,121 0 0
INTERNATIONAL BANCSHARES COR COM 459044103   1,615,170 37,720 SH   SOLE   37,720 0 0
KEARNY FINL CORP MD COM 48716P108   350,394 43,152 SH   SOLE   43,152 0 0
KENTUCKY FIRST FED BANCORP COM 491292108   71,756 11,481 SH   SOLE   11,481 0 0
LAKE SHORE BANCORP INC COM 510700107   195,948 19,420 SH   SOLE   19,420 0 0
LAKELAND BANCORP INC COM 511637100   5,147,280 329,110 SH   SOLE   329,110 0 0
LIMESTONE BANCORP INC COM 53262L105   1,847,000 82,788 SH   SOLE   82,788 0 0
MACATAWA BK CORP COM 554225102   2,341,658 229,125 SH   SOLE   229,125 0 0
MAGYAR BANCORP INC COM 55977T208   292,348 27,580 SH   SOLE   27,580 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   615,884 26,219 SH   SOLE   26,219 0 0
MALVERN BANCORP INC COM 561409103   710,138 46,735 SH   SOLE   46,735 0 0
MERCANTILE BANK CORP COM 587376104   344,912 11,279 SH   SOLE   11,279 0 0
MERIDIAN CORPORATION COM 58958P104   160,625 12,748 SH   SOLE   12,748 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103   1,542,904 63,182 SH   SOLE   63,182 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100   2,255,302 171,898 SH   SOLE   171,898 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108   1,357,610 115,247 SH   SOLE   115,247 0 0
NSTS BANCORP INC COM 6293JP109   118,252 13,009 SH   SOLE   13,009 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105   400,990 16,948 SH   SOLE   16,948 0 0
OP BANCORP COM 67109R109   2,955,055 331,656 SH   SOLE   331,656 0 0
OPTIMUMBANK HLDGS INC COM 68401P403   175,221 52,937 SH   SOLE   52,937 0 0
ORRSTOWN FINL SVCS INC COM 687380105   691,764 34,832 SH   SOLE   34,832 0 0
PACWEST BANCORP DEL COM 695263103   7,097,801 729,476 SH   SOLE   729,476 0 0
PARKE BANCORP INC COM 700885106   3,541,367 199,177 SH   SOLE   199,177 0 0
PARTNERS BANCORP COM 70213Q108   6,338,424 809,505 SH   SOLE   809,505 0 0
PCB BANCORP COM 69320M109   1,581,352 109,134 SH   SOLE   109,134 0 0
PIONEER BANCORP INC MD COM 723561106   871,871 88,425 SH   SOLE   88,425 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106   369,295 47,044 SH   SOLE   47,044 0 0
PRIMIS FINANCIAL CORP COM 74167B109   3,227,080 335,107 SH   SOLE   335,107 0 0
PRINCETON BANCORP INC COM 74179A107   2,731,980 86,128 SH   SOLE   86,128 0 0
PROVIDENT BANCORP INC COM NEW 74383L105   2,254,266 329,571 SH   SOLE   329,571 0 0
RBB BANCORP COM 74930B105   3,099,271 199,953 SH   SOLE   199,953 0 0
REPUBLIC FIRST BANCORP INC COM 760416107   875,590 643,816 SH   SOLE   643,816 0 0
RHINEBECK BANCORP INC COM 762093102   179,561 23,472 SH   SOLE   23,472 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   136,303 13,144 SH   SOLE   13,144 0 0
SB FINL GROUP INC COM 78408D105   591,284 41,846 SH   SOLE   41,846 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   51,520,000 1,610,000 SH Put SOLE   1,610,000 0 0
SHORE BANCSHARES INC COM 825107105   1,397,198 97,843 SH   SOLE   97,843 0 0
SIERRA BANCORP COM 82620P102   1,971,363 114,481 SH   SOLE   114,481 0 0
SMARTFINANCIAL INC COM NEW 83190L208   2,973,698 128,509 SH   SOLE   128,509 0 0
SOUND FINL BANCORP INC COM 83607A100   820,660 22,174 SH   SOLE   22,174 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107   242,511 11,327 SH   SOLE   11,327 0 0
SOUTHERN STS BANCSHARES INC COM 843878307   630,227 27,948 SH   SOLE   27,948 0 0
SUMMIT FINL GROUP INC COM 86606G101   638,083 30,751 SH   SOLE   30,751 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203   384,199 27,700 SH   SOLE   27,700 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107   6,771,951 138,316 SH   SOLE   138,316 0 0
THIRD COAST BANCSHARES INC COM 88422P109   984,027 62,637 SH   SOLE   62,637 0 0
UNITED SEC BANCSHARES CALIF COM 911460103   162,613 25,488 SH   SOLE   25,488 0 0
UNITY BANCORP INC COM 913290102   787,698 34,533 SH   SOLE   34,533 0 0
VERITEX HLDGS INC COM 923451108   4,123,071 225,798 SH   SOLE   225,798 0 0
WESTERN ALLIANCE BANCORP COM 957638109   955,884 26,896 SH   SOLE   26,896 0 0
WESTERN NEW ENG BANCORP INC COM 958892101   1,870,895 227,880 SH   SOLE   227,880 0 0
WINTRUST FINL CORP COM 97650W108   324,919 4,454 SH   SOLE   4,454 0 0