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 1,907 92,111 SH   SOLE   92,111 0 0
ACCESS NATL CORP COM 004337101 1,227 45,259 SH   SOLE   45,259 0 0
ACNB CORP COM 000868109 553 14,877 SH   SOLE   14,877 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 380 9,114 SH   SOLE   9,114 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 335 8,590 SH   SOLE   8,590 0 0
AMERICAN RIVER BANKSHARES COM 029326105 332 21,664 SH   SOLE   21,664 0 0
AMERISERV FINL INC COM 03074A102 2,900 674,308 SH   SOLE   674,308 0 0
ANCHOR BANCORP WA COM 032838104 6,996 247,208 SH   SOLE   247,208 0 0
BANCFIRST CORP COM 05945F103 773 12,899 SH   SOLE   12,899 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 375 21,943 SH   SOLE   21,943 0 0
BANK COMM HLDGS COM 06424J103 1,458 119,534 SH   SOLE   119,534 0 0
BANK OF MARIN BANCORP COM 063425102 653 7,779 SH   SOLE   7,779 0 0
BANK PRINCETON NEW JERSEY COM 064520109 1,892 61,953 SH   SOLE   61,953 0 0
BANK OZK COM 06417N103 1,981 52,192 SH   SOLE   52,192 0 0
BANKUNITED INC COM 06652K103 17,147 484,371 SH   SOLE   484,371 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,142 36,423 SH   SOLE   36,423 0 0
BANNER CORP COM NEW 06652V208 7,168 115,303 SH   SOLE   115,303 0 0
BAYCOM CORP COM 07272M107 2,216 83,069 SH   SOLE   83,069 0 0
BENEFICIAL BANCORP INC COM 08171T102 1,166 68,989 SH   SOLE   68,989 0 0
BYLINE BANCORP INC COM 124411109 588 25,886 SH   SOLE   25,886 0 0
C & F FINL CORP COM 12466Q104 2,412 41,057 SH   SOLE   41,057 0 0
CAROLINA TR BANCSHARES INC COM 14422P105 1,041 126,604 SH   SOLE   126,604 0 0
CENTRAL FED CORP COM NEW 15346Q202 713 45,997 SH   SOLE   45,997 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 3,201 148,128 SH   SOLE   148,128 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 7,244 300,704 SH   SOLE   300,704 0 0
COASTWAY BANCORP INC COM 190632109 1,681 59,618 SH   SOLE   59,618 0 0
CODORUS VY BANCORP INC COM 192025104 1,585 50,749 SH   SOLE   50,749 0 0
COLONY BANKCORP INC COM 19623P101 209 11,722 SH   SOLE   11,722 0 0
COMMUNITY BANKERS TR CORP COM 203612106 476 54,134 SH   SOLE   54,134 0 0
COMMUNITY TR BANCORP INC COM 204149108 386 8,338 SH   SOLE   8,338 0 0
COMMUNITY WEST BANCSHARES COM 204157101 891 74,266 SH   SOLE   74,266 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 2,219 93,437 SH   SOLE   93,437 0 0
COUNTY BANCORP INC COM 221907108 1,980 78,890 SH   SOLE   78,890 0 0
CUSTOMERS BANCORP INC COM 23204G100 15,184 645,288 SH   SOLE   645,288 0 0
DIME CMNTY BANCSHARES COM 253922108 7,836 438,979 SH   SOLE   438,979 0 0
EAGLE BANCORP INC MD COM 268948106 2,394 47,332 SH   SOLE   47,332 0 0
EAGLE BANCORP MONT INC COM 26942G100 695 38,309 SH   SOLE   38,309 0 0
ENTEGRA FINL CORP COM 29363J108 871 32,804 SH   SOLE   32,804 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,132 32,929 SH   SOLE   32,929 0 0
FCB FINL HLDGS INC CL A 30255G103 3,432 72,405 SH   SOLE   72,405 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 7,196 290,383 SH   SOLE   290,383 0 0
FINANCIAL INSTNS INC COM 317585404 6,525 207,793 SH   SOLE   207,793 0 0
FIRST BUSEY CORP COM NEW 319383204 416 13,407 SH   SOLE   13,407 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 1,423 61,368 SH   SOLE   61,368 0 0
FIRST CHOICE BANCORP COM 31948P104 5,865 216,518 SH   SOLE   216,518 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 227 7,552 SH   SOLE   7,552 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 3,194 192,742 SH   SOLE   192,742 0 0
FIRST FINL CORP IND COM 320218100 2,656 52,917 SH   SOLE   52,917 0 0
FIRST FNDTN INC COM 32026V104 4,010 256,713 SH   SOLE   256,713 0 0
FIRST GTY BANCSHARES INC COM 32043P106 1,136 44,236 SH   SOLE   44,236 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 3,984 98,775 SH   SOLE   98,775 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,103 71,643 SH   SOLE   71,643 0 0
FIRST US BANCSHARES INC COM 33744V103 1,187 109,433 SH   SOLE   109,433 0 0
FLUSHING FINL CORP COM 343873105 1,905 78,069 SH   SOLE   78,069 0 0
FNB CORP PA COM 302520101 9,214 724,382 SH   SOLE   724,382 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 19,166 490,167 SH   SOLE   490,167 0 0
FS BANCORP INC COM 30263Y104 3,390 60,838 SH   SOLE   60,838 0 0
GLEN BURNIE BANCORP COM 377407101 455 37,116 SH   SOLE   37,116 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,727 49,275 SH   SOLE   49,275 0 0
GREEN BANCORP INC COM 39260X100 5,298 239,714 SH   SOLE   239,714 0 0
HAMILTON BANCORP INC MD COM 407015106 1,230 85,951 SH   SOLE   85,951 0 0
HANMI FINL CORP COM NEW 410495204 1,198 48,118 SH   SOLE   48,118 0 0
HAWTHORN BANCSHARES INC COM 420476103 374 16,441 SH   SOLE   16,441 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,654 28,496 SH   SOLE   28,496 0 0
HERITAGE COMMERCE CORP COM 426927109 1,758 117,833 SH   SOLE   117,833 0 0
HILLTOP HOLDINGS INC COM 432748101 19,502 966,867 SH   SOLE   966,867 0 0
HMN FINL INC COM 40424G108 1,166 56,856 SH   SOLE   56,856 0 0
HOME BANCORP INC COM 43689E107 2,152 49,489 SH   SOLE   49,489 0 0
HOMESTREET INC COM 43785V102 10,839 409,023 SH   SOLE   409,023 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 284 21,204 SH   SOLE   21,204 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,415 48,536 SH   SOLE   48,536 0 0
HOPE BANCORP INC COM 43940T109 10,469 647,417 SH   SOLE   647,417 0 0
HOWARD BANCORP INC COM 442496105 3,077 173,850 SH   SOLE   173,850 0 0
IBERIABANK CORP COM 450828108 9,436 115,997 SH   SOLE   115,997 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 13,663 303,623 SH   SOLE   303,623 0 0
INVESTORS BANCORP INC NEW COM 46146L101 393 32,000 SH   SOLE   32,000 0 0
LCNB CORP COM 50181P100 225 12,043 SH   SOLE   12,043 0 0
MACKINAC FINL CORP COM 554571109 1,664 102,686 SH   SOLE   102,686 0 0
MBT FINL CORP COM 578877102 318 28,135 SH   SOLE   28,135 0 0
MERCHANTS BANCORP IND COM 58844R108 257 10,092 SH   SOLE   10,092 0 0
MERIDIAN BK PAOLI PA COM 58958P104 1,047 60,899 SH   SOLE   60,899 0 0
METROPOLITAN BK HLDG CORP COM 591774104 1,078 26,205 SH   SOLE   26,205 0 0
MID PENN BANCORP INC COM 59540G107 335 11,492 SH   SOLE   11,492 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 345 10,344 SH   SOLE   10,344 0 0
NORTHEAST BANCORP COM NEW 663904209 7,571 348,879 SH   SOLE   348,879 0 0
NORTHERN TR CORP COM 665859104 2,967 29,056 SH   SOLE   29,056 0 0
NORWOOD FINANCIAL CORP COM 669549107 324 8,284 SH   SOLE   8,284 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 667 33,947 SH   SOLE   33,947 0 0
OP BANCORP COM 67109R109 3,494 301,242 SH   SOLE   301,242 0 0
OPUS BK IRVINE CALIF COM 684000102 4,047 147,697 SH   SOLE   147,697 0 0
ORITANI FINL CORP DEL COM 68633D103 9,853 633,611 SH   SOLE   633,611 0 0
PACIFIC CITY FINANCIAL CORP COM NEW 69406T408 3,171 163,959 SH   SOLE   163,959 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 1,578 168,795 SH   SOLE   168,795 0 0
PACIFIC PREMIER BANCORP COM 69478X105 1,076 28,926 SH   SOLE   28,926 0 0
PACWEST BANCORP DEL COM 695263103 9,957 208,959 SH   SOLE   208,959 0 0
PARKE BANCORP INC COM 700885106 3,738 166,499 SH   SOLE   166,499 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 376 12,174 SH   SOLE   12,174 0 0
PEOPLES BANCORP INC COM 709789101 1,391 39,715 SH   SOLE   39,715 0 0
PEOPLES UTAH BANCORP COM 712706209 823 24,229 SH   SOLE   24,229 0 0
PLUMAS BANCORP COM 729273102 1,306 52,536 SH   SOLE   52,536 0 0
POAGE BANKSHARES INC COM 730206109 4,288 169,142 SH   SOLE   169,142 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 3,452 59,005 SH   SOLE   59,005 0 0
PREMIER FINL BANCORP INC COM 74050M105 2,304 124,629 SH   SOLE   124,629 0 0
QCR HOLDINGS INC COM 74727A104 885 21,653 SH   SOLE   21,653 0 0
RBB BANCORP COM 74930B105 221 9,013 SH   SOLE   9,013 0 0
RIVERVIEW BANCORP INC COM 769397100 221 25,008 SH   SOLE   25,008 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 379 27,853 SH   SOLE   27,853 0 0
SANDY SPRING BANCORP INC COM 800363103 489 12,438 SH   SOLE   12,438 0 0
SB FINL GROUP INC COM 78408D105 1,686 82,827 SH   SOLE   82,827 0 0
SELECT BANCORP INC NEW COM 81617L108 3,774 304,364 SH   SOLE   304,364 0 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 465 47,496 SH   SOLE   47,496 0 0
SHORE BANCSHARES INC COM 825107105 805 45,185 SH   SOLE   45,185 0 0
SIERRA BANCORP COM 82620P102 2,550 88,250 SH   SOLE   88,250 0 0
SI FINL GROUP INC MD COM 78425V104 1,966 140,454 SH   SOLE   140,454 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 11,410 99,359 SH   SOLE   99,359 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 1,812 61,542 SH   SOLE   61,542 0 0
SMARTFINANCIAL INC COM NEW 83190L208 2,944 125,014 SH   SOLE   125,014 0 0
SOUND FINL BANCORP INC COM 83607A100 1,630 41,218 SH   SOLE   41,218 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 2,468 152,353 SH   SOLE   152,353 0 0
STATE BK FINL CORP COM 856190103 7,260 240,552 SH   SOLE   240,552 0 0
STERLING BANCORP DEL COM 85917A100 1,855 84,321 SH   SOLE   84,321 0 0
STEWARDSHIP FINL CORP COM 860326107 632 59,580 SH   SOLE   59,580 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 617 26,595 SH   SOLE   26,595 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,759 114,604 SH   SOLE   114,604 0 0
TIMBERLAND BANCORP INC COM 887098101 2,503 80,116 SH   SOLE   80,116 0 0
TRICO BANCSHARES COM 896095106 2,601 67,343 SH   SOLE   67,343 0 0
TRUSTCO BK CORP N Y COM 898349105 2,318 272,712 SH   SOLE   272,712 0 0
UNITED BANCSHARES INC OHIO COM 909458101 419 18,288 SH   SOLE   18,288 0 0
UNITED BANKSHARES INC WEST V COM 909907107 1,775 48,841 SH   SOLE   48,841 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,795 161,683 SH   SOLE   161,683 0 0
WASHINGTON FED INC COM 938824109 1,403 43,840 SH   SOLE   43,840 0 0
WATERSTONE FINL INC MD COM 94188P101 5,934 346,002 SH   SOLE   346,002 0 0
WVS FINL CORP COM 929358109 1,093 67,531 SH   SOLE   67,531 0 0