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 525 43,569 SH   SOLE   43,569 0 0
ACCESS NATL CORP COM 004337101 1,294 45,259 SH   SOLE   45,259 0 0
ACNB CORP COM 000868109 579 17,000 SH   SOLE   17,000 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 460 10,614 SH   SOLE   10,614 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 344 8,590 SH   SOLE   8,590 0 0
AMERICAN RIVER BANKSHARES COM 029326105 342 21,564 SH   SOLE   21,564 0 0
AMERISERV FINL INC COM 03074A102 2,754 671,619 SH   SOLE   671,619 0 0
ANCHOR BANCORP WA COM 032838104 6,464 247,208 SH   SOLE   247,208 0 0
BANCFIRST CORP COM 05945F103 764 12,899 SH   SOLE   12,899 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 394 22,241 SH   SOLE   22,241 0 0
BANK COMM HLDGS COM 06424J103 1,519 119,534 SH   SOLE   119,534 0 0
BANK OF MARIN BANCORP COM 063425102 711 8,791 SH   SOLE   8,791 0 0
BANK PRINCETON NEW JERSEY COM 064520109 1,821 54,756 SH   SOLE   54,756 0 0
BANKUNITED INC COM 06652K103 13,720 335,862 SH   SOLE   335,862 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,171 36,423 SH   SOLE   36,423 0 0
BANNER CORP COM NEW 06652V208 7,230 120,242 SH   SOLE   120,242 0 0
BAYCOM CORP COM 07272M107 2,213 85,759 SH   SOLE   85,759 0 0
BYLINE BANCORP INC COM 124411109 560 25,086 SH   SOLE   25,086 0 0
C & F FINL CORP COM 12466Q104 2,473 39,544 SH   SOLE   39,544 0 0
CENTRAL FED CORP COM NEW 15346Q202 662 275,805 SH   SOLE   275,805 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 3,448 162,942 SH   SOLE   162,942 0 0
CHARTER FINL CORP MD COM 16122W108 4,319 178,846 SH   SOLE   178,846 0 0
CODORUS VY BANCORP INC COM 192025104 1,557 50,749 SH   SOLE   50,749 0 0
COLONY BANKCORP INC COM 19623P101 198 11,720 SH   SOLE   11,720 0 0
COMMUNITY BANKERS TR CORP COM 203612106 484 54,134 SH   SOLE   54,134 0 0
COMMUNITY TR BANCORP INC COM 204149108 416 8,338 SH   SOLE   8,338 0 0
COMMUNITY WEST BANCSHARES COM 204157101 824 69,804 SH   SOLE   69,804 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,991 79,940 SH   SOLE   79,940 0 0
COUNTY BANCORP INC COM 221907108 1,956 71,127 SH   SOLE   71,127 0 0
CUSTOMERS BANCORP INC COM 23204G100 12,801 451,057 SH   SOLE   451,057 0 0
DIME CMNTY BANCSHARES COM 253922108 8,254 423,295 SH   SOLE   423,295 0 0
EAGLE BANCORP INC MD COM 268948106 983 16,031 SH   SOLE   16,031 0 0
EAGLE BANCORP MONT INC COM 26942G100 730 37,809 SH   SOLE   37,809 0 0
ENTEGRA FINL CORP COM 29363J108 739 25,234 SH   SOLE   25,234 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,318 32,599 SH   SOLE   32,599 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 7,017 276,142 SH   SOLE   276,142 0 0
FINANCIAL INSTNS INC COM 317585404 6,283 190,962 SH   SOLE   190,962 0 0
FIRST BUSEY CORP COM NEW 319383204 425 13,407 SH   SOLE   13,407 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 1,299 49,949 SH   SOLE   49,949 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 253 3,776 SH   SOLE   3,776 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 3,631 186,025 SH   SOLE   186,025 0 0
FIRST FINL CORP IND COM 320218100 2,394 52,782 SH   SOLE   52,782 0 0
FIRST FNDTN INC COM 32026V104 4,584 247,269 SH   SOLE   247,269 0 0
FIRST GTY BANCSHARES INC COM 32043P106 1,151 44,236 SH   SOLE   44,236 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 4,021 102,324 SH   SOLE   102,324 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,069 66,947 SH   SOLE   66,947 0 0
FIRST US BANCSHARES INC COM 33744V103 1,198 102,861 SH   SOLE   102,861 0 0
FLUSHING FINL CORP COM 343873105 1,959 75,056 SH   SOLE   75,056 0 0
FNB CORP PA COM 302520101 7,698 573,611 SH   SOLE   573,611 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 18,217 484,488 SH   SOLE   484,488 0 0
FS BANCORP INC COM 30263Y104 3,490 55,180 SH   SOLE   55,180 0 0
GLEN BURNIE BANCORP COM 377407101 408 37,116 SH   SOLE   37,116 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,819 49,275 SH   SOLE   49,275 0 0
GREEN BANCORP INC COM 39260X100 5,156 238,714 SH   SOLE   238,714 0 0
HAMILTON BANCORP INC MD COM 407015106 1,349 85,951 SH   SOLE   85,951 0 0
HANMI FINL CORP COM NEW 410495204 765 26,999 SH   SOLE   26,999 0 0
HAWTHORN BANCSHARES INC COM 420476103 360 16,441 SH   SOLE   16,441 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,563 28,496 SH   SOLE   28,496 0 0
HERITAGE COMMERCE CORP COM 426927109 1,710 100,632 SH   SOLE   100,632 0 0
HILLTOP HOLDINGS INC COM 432748101 16,289 738,045 SH   SOLE   738,045 0 0
HMN FINL INC COM 40424G108 1,143 56,856 SH   SOLE   56,856 0 0
HOME BANCORP INC COM 43689E107 1,635 35,125 SH   SOLE   35,125 0 0
HOMESTREET INC COM 43785V102 10,482 388,944 SH   SOLE   388,944 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 311 22,104 SH   SOLE   22,104 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,394 49,536 SH   SOLE   49,536 0 0
HOPE BANCORP INC COM 43940T109 9,372 525,616 SH   SOLE   525,616 0 0
HOWARD BANCORP INC COM 442496105 2,444 135,775 SH   SOLE   135,775 0 0
IBERIABANK CORP COM 450828108 8,808 116,197 SH   SOLE   116,197 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 13,107 304,139 SH   SOLE   304,139 0 0
MBT FINL CORP COM 578877102 300 28,135 SH   SOLE   28,135 0 0
MERCHANTS BANCORP IND COM 58844R108 256 8,989 SH   SOLE   8,989 0 0
MERIDIAN BK PAOLI PA COM 58958P104 1,103 60,664 SH   SOLE   60,664 0 0
METROPOLITAN BK HLDG CORP COM 591774104 980 18,666 SH   SOLE   18,666 0 0
NORTHEAST BANCORP COM NEW 663904209 7,448 341,652 SH   SOLE   341,652 0 0
NORTHERN TR CORP COM 665859104 2,964 28,806 SH   SOLE   28,806 0 0
NORWOOD FINANCIAL CORP COM 669549107 331 9,184 SH   SOLE   9,184 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 223 9,739 SH   SOLE   9,739 0 0
OP BANCORP COM 67109R109 2,190 172,172 SH   SOLE   172,172 0 0
OPUS BK IRVINE CALIF COM 684000102 4,170 145,297 SH   SOLE   145,297 0 0
ORITANI FINL CORP DEL COM 68633D103 9,330 575,930 SH   SOLE   575,930 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 1,661 170,395 SH   SOLE   170,395 0 0
PACIFIC PREMIER BANCORP COM 69478X105 1,007 26,407 SH   SOLE   26,407 0 0
PACWEST BANCORP DEL COM 695263103 9,626 194,777 SH   SOLE   194,777 0 0
PARKE BANCORP INC COM 700885106 3,810 161,107 SH   SOLE   161,107 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 411 11,874 SH   SOLE   11,874 0 0
PEOPLES BANCORP INC COM 709789101 1,550 39,715 SH   SOLE   39,715 0 0
PEOPLES UTAH BANCORP COM 712706209 919 25,729 SH   SOLE   25,729 0 0
PLUMAS BANCORP COM 729273102 1,340 47,534 SH   SOLE   47,534 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 3,614 58,805 SH   SOLE   58,805 0 0
PREMIER FINL BANCORP INC COM 74050M105 2,299 123,155 SH   SOLE   123,155 0 0
QCR HOLDINGS INC COM 74727A104 1,027 21,653 SH   SOLE   21,653 0 0
RIVERVIEW BANCORP INC COM 769397100 384 45,461 SH   SOLE   45,461 0 0
SANDY SPRING BANCORP INC COM 800363103 846 20,638 SH   SOLE   20,638 0 0
SB FINL GROUP INC COM 78408D105 1,664 81,878 SH   SOLE   81,878 0 0
SELECT BANCORP INC NEW COM 81617L108 3,916 290,727 SH   SOLE   290,727 0 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 411 47,496 SH   SOLE   47,496 0 0
SHORE BANCSHARES INC COM 825107105 761 39,997 SH   SOLE   39,997 0 0
SIERRA BANCORP COM 82620P102 2,492 88,250 SH   SOLE   88,250 0 0
SI FINL GROUP INC MD COM 78425V104 1,313 89,034 SH   SOLE   89,034 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 3,924 30,688 SH   SOLE   30,688 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 1,718 57,442 SH   SOLE   57,442 0 0
SMARTFINANCIAL INC COM NEW 83190L208 2,853 110,759 SH   SOLE   110,759 0 0
SOUND FINL BANCORP INC COM 83607A100 2,341 60,565 SH   SOLE   60,565 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 2,718 152,353 SH   SOLE   152,353 0 0
STATE BK FINL CORP COM 856190103 8,034 240,552 SH   SOLE   240,552 0 0
STERLING BANCORP DEL COM 85917A100 435 18,500 SH   SOLE   18,500 0 0
STEWARDSHIP FINL CORP COM 860326107 694 59,580 SH   SOLE   59,580 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 728 27,119 SH   SOLE   27,119 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,771 114,604 SH   SOLE   114,604 0 0
TIMBERLAND BANCORP INC COM 887098101 2,992 80,116 SH   SOLE   80,116 0 0
TRUSTCO BK CORP N Y COM 898349105 2,427 272,712 SH   SOLE   272,712 0 0
UNITED BANCSHARES INC OHIO COM 909458101 402 18,288 SH   SOLE   18,288 0 0
UNITED BANKSHARES INC WEST V COM 909907107 1,778 48,841 SH   SOLE   48,841 0 0
UNITED CMNTY BANCORP IND COM 90984R101 8,912 327,649 SH   SOLE   327,649 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,809 161,533 SH   SOLE   161,533 0 0
WASHINGTON FED INC COM 938824109 1,434 43,840 SH   SOLE   43,840 0 0
WATERSTONE FINL INC MD COM 94188P101 5,584 327,511 SH   SOLE   327,511 0 0
WVS FINL CORP COM 929358109 1,078 65,131 SH   SOLE   65,131 0 0