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
ALLEGIANCE BANCSHARES INC COM 01748H107 2,368 54,700 SH   SOLE   54,700 0 0
APOLLO INVT CORP COM 03761U106 232 41,700 SH   SOLE   41,700 0 0
ARES CAP CORP COM 04010L103 197 12,000 SH   SOLE   12,000 0 0
BAYCOM CORP COM 07272M107 4,784 193,300 SH   SOLE   193,300 0 0
BGC PARTNERS INC CL A 05541T101 228 20,200 SH   SOLE   20,200 0 0
BRYN MAWR BK CORP COM 117665109 5,119 110,600 SH   SOLE   110,600 0 0
BSB BANCORP INC MD COM 05573H108 12,481 362,800 SH   SOLE   362,800 0 0
BYLINE BANCORP INC COM 124411109 6,362 284,800 SH   SOLE   284,800 0 0
CAPITAL ONE FINL CORP COM 14040H105 307 3,400 SH   SOLE   3,400 0 0
CBTX INC COM 12481V104 25,933 784,700 SH   SOLE   784,700 0 0
CIT GROUP INC COM NEW 125581801 252 5,000 SH   SOLE   5,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 3,388 239,500 SH   SOLE   239,500 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,244 51,300 SH   SOLE   51,300 0 0
CODORUS VY BANCORP INC COM 192025104 4,348 141,800 SH   SOLE   141,800 0 0
COLUMBIA FINL INC COM 197641103 9,671 584,400 SH   SOLE   584,400 0 0
COMERICA INC COM 200340107 230 2,600 SH   SOLE   2,600 0 0
CORPORATE CAP TR INC COM 219880101 213 13,600 SH   SOLE   13,600 0 0
DNB FINL CORP COM 233237106 2,575 73,500 SH   SOLE   73,500 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 30,274 729,900 SH   SOLE   729,900 0 0
EURONET WORLDWIDE INC COM 298736109 237 2,900 SH   SOLE   2,900 0 0
EVANS BANCORP INC COM NEW 29911Q208 11,802 256,000 SH   SOLE   256,000 0 0
FFBW INC COM 30258M107 278 25,000 SH   SOLE   25,000 0 0
FGL HLDGS ORD SHS G3402M102 293 34,900 SH   SOLE   34,900 0 0
FIRST BANCSHARES INC MS COM 318916103 10,871 302,400 SH   SOLE   302,400 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 19,658 1,414,300 SH   SOLE   1,414,300 0 0
FIRST FINL BANCORP OH COM 320209109 1,413 46,100 SH   SOLE   46,100 0 0
FIRST FNDTN INC COM 32026V104 1,708 92,200 SH   SOLE   92,200 0 0
FIRST INTERNET BANCORP COM 320557101 8,487 248,900 SH   SOLE   248,900 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,993 76,200 SH   SOLE   76,200 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 10,186 138,600 SH   SOLE   138,600 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 5,139 150,000 SH   SOLE   150,000 0 0
GREAT AJAX CORP COM 38983D300 349 26,700 SH   SOLE   26,700 0 0
GREEN BRICK PARTNERS INC COM 392709101 172 17,500 SH   SOLE   17,500 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 23,702 795,400 SH   SOLE   795,400 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 10,057 411,400 SH   SOLE   411,400 0 0
HILLTOP HOLDINGS INC COM 432748101 552 25,000 SH   SOLE   25,000 0 0
HOME BANCORP INC COM 43689E107 37,341 802,200 SH   SOLE   802,200 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,821 121,500 SH   SOLE   121,500 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 7,827 556,600 SH   SOLE   556,600 0 0
HOPFED BANCORP INC COM 439734104 6,360 383,600 SH   SOLE   383,600 0 0
HUNTINGTON BANCSHARES INC COM 446150104 252 17,100 SH   SOLE   17,100 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 10,645 417,500 SH   SOLE   417,500 0 0
INDEPENDENT BK GROUP INC COM 45384B106 13,339 199,700 SH   SOLE   199,700 0 0
INVESTAR HLDG CORP COM 46134L105 17,163 620,800 SH   SOLE   620,800 0 0
INVESTORS BANCORP INC NEW COM 46146L101 34,247 2,677,700 SH   SOLE   2,677,700 0 0
KEARNY FINL CORP MD COM 48716P108 1,931 143,600 SH   SOLE   143,600 0 0
LAZARD LTD SHS A G54050102 292 6,000 SH   SOLE   6,000 0 0
LEVEL ONE BANCORP INC COM 52730D208 5,823 214,300 SH   SOLE   214,300 0 0
LUTHER BURBANK CORP COM 550550107 4,199 365,000 SH   SOLE   365,000 0 0
MACKINAC FINL CORP COM 554571109 4,993 301,100 SH   SOLE   301,100 0 0
MALVERN BANCORP INC COM 561409103 15,903 653,100 SH   SOLE   653,100 0 0
MBT FINL CORP COM 578877102 4,642 435,900 SH   SOLE   435,900 0 0
MERIDIAN BK PAOLI PA COM 58958P104 3,093 170,000 SH   SOLE   170,000 0 0
MGIC INVT CORP WIS COM 552848103 268 25,000 SH   SOLE   25,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 23,837 695,800 SH   SOLE   695,800 0 0
MIDSOUTH BANCORP INC COM 598039105 10,541 795,600 SH   SOLE   795,600 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 2,745 81,300 SH   SOLE   81,300 0 0
MUTUALFIRST FINL INC COM 62845B104 9,925 262,900 SH   SOLE   262,900 0 0
NATIONAL BK HLDGS CORP CL A 633707104 25,924 671,800 SH   SOLE   671,800 0 0
NAVIENT CORPORATION COM 63938C108 254 19,500 SH   SOLE   19,500 0 0
OAKTREE STRATEGIC INCOME COR COM 67402D104 167 19,700 SH   SOLE   19,700 0 0
OCEANFIRST FINL CORP COM 675234108 53,111 1,772,800 SH   SOLE   1,772,800 0 0
OLD LINE BANCSHARES INC COM 67984M100 6,039 173,000 SH   SOLE   173,000 0 0
OLD NATL BANCORP IND COM 680033107 8,351 449,000 SH   SOLE   449,000 0 0
OLD POINT FINL CORP COM 680194107 8,768 303,800 SH   SOLE   303,800 0 0
OLD SECOND BANCORP INC ILL COM 680277100 7,517 522,000 SH   SOLE   522,000 0 0
OTTAWA BANCORP INC COM 689195105 1,344 96,800 SH   SOLE   96,800 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 3,471 356,000 SH   SOLE   356,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 32,272 845,900 SH   SOLE   845,900 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 46,111 751,600 SH   SOLE   751,600 0 0
POAGE BANKSHARES INC COM 730206109 313 16,000 SH   SOLE   16,000 0 0
PROVIDENT BANCORP INC COM 74383X109 8,899 339,700 SH   SOLE   339,700 0 0
RBB BANCORP COM 74930B105 35,320 1,099,600 SH   SOLE   1,099,600 0 0
RELIANT BANCORP INC COM 75956B101 2,701 96,300 SH   SOLE   96,300 0 0
RIVERVIEW BANCORP INC COM 769397100 10,752 1,274,000 SH   SOLE   1,274,000 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 226 11,900 SH   SOLE   11,900 0 0
SB FINL GROUP INC COM 78408D105 3,480 171,300 SH   SOLE   171,300 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 14,866 470,800 SH   SOLE   470,800 0 0
SHORE BANCSHARES INC COM 825107105 5,732 301,400 SH   SOLE   301,400 0 0
SOUND FINL BANCORP INC COM 83607A100 4,270 110,500 SH   SOLE   110,500 0 0
SOUTHERN MO BANCORP INC COM 843380106 26,662 683,300 SH   SOLE   683,300 0 0
SPIRIT OF TEX BANCSHARES INC COM 84861D103 7,112 345,300 SH   SOLE   345,300 0 0
STERLING BANCORP DEL COM 85917A100 6,998 297,800 SH   SOLE   297,800 0 0
TPG SPECIALTY LENDING INC COM 87265K102 222 12,400 SH   SOLE   12,400 0 0
TRISTATE CAP HLDGS INC COM 89678F100 5,873 225,000 SH   SOLE   225,000 0 0
TRIUMPH BANCORP INC COM 89679E300 9,095 223,200 SH   SOLE   223,200 0 0
UNION BANKSHARES CORP NEW COM 90539J109 13,663 351,400 SH   SOLE   351,400 0 0
UNITED CMNTY BANCORP IND COM 90984R101 2,529 93,000 SH   SOLE   93,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 19,637 1,786,900 SH   SOLE   1,786,900 0 0
UNITED FINL BANCORP INC NEW COM 910304104 5,907 337,200 SH   SOLE   337,200 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,375 122,800 SH   SOLE   122,800 0 0
UNIVEST CORP PA COM 915271100 6,705 243,800 SH   SOLE   243,800 0 0
VERITEX HLDGS INC COM 923451108 73,947 2,380,000 SH   SOLE   2,380,000 0 0
WCF BANCORP INC COM 92940L103 393 43,700 SH   SOLE   43,700 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 3,344 304,000 SH   SOLE   304,000 0 0
ZIONS BANCORPORATION COM 989701107 247 4,700 SH   SOLE   4,700 0 0