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 1,826 91,644 SH   SOLE   91,644 0 0
ACCESS NATL CORP COM 004337101 965 45,259 SH   SOLE   45,259 0 0
ACNB CORP COM 000868109 499 12,719 SH   SOLE   12,719 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 295 9,114 SH   SOLE   9,114 0 0
AMERICAN RIVER BANKSHARES COM 029326105 302 21,664 SH   SOLE   21,664 0 0
AMERISERV FINL INC COM 03074A102 2,609 647,507 SH   SOLE   647,507 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 287 17,502 SH   SOLE   17,502 0 0
BANCFIRST CORP COM 05945F103 213 4,275 SH   SOLE   4,275 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 251 19,243 SH   SOLE   19,243 0 0
BANK COMM HLDGS COM 06424J103 1,268 115,669 SH   SOLE   115,669 0 0
BANK OF MARIN BANCORP COM 063425102 275 6,662 SH   SOLE   6,662 0 0
BANK PRINCETON NEW JERSEY COM 064520109 1,855 66,503 SH   SOLE   66,503 0 0
BANK OZK COM 06417N103 308 13,492 SH   SOLE   13,492 0 0
BANKUNITED INC COM 06652K103 17,131 572,170 SH   SOLE   572,170 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,037 36,125 SH   SOLE   36,125 0 0
BANNER CORP COM NEW 06652V208 5,950 111,254 SH   SOLE   111,254 0 0
BAYCOM CORP COM 07272M107 1,256 54,408 SH   SOLE   54,408 0 0
BENEFICIAL BANCORP INC COM 08171T102 986 68,989 SH   SOLE   68,989 0 0
BYLINE BANCORP INC COM 124411109 491 29,480 SH   SOLE   29,480 0 0
C & F FINL CORP COM 12466Q104 2,303 43,276 SH   SOLE   43,276 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 2,204 149,612 SH   SOLE   149,612 0 0
CAROLINA TR BANCSHARES INC COM 14422P105 892 117,667 SH   SOLE   117,667 0 0
CB FINL SVCS INC COM 12479G101 960 38,727 SH   SOLE   38,727 0 0
CENTRAL FED CORP COM NEW 15346Q202 461 39,407 SH   SOLE   39,407 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 2,707 143,455 SH   SOLE   143,455 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 5,423 311,324 SH   SOLE   311,324 0 0
CODORUS VY BANCORP INC COM 192025104 1,235 58,103 SH   SOLE   58,103 0 0
COLONY BANKCORP INC COM 19623P101 173 11,841 SH   SOLE   11,841 0 0
COMMUNITY BANKERS TR CORP COM 203612106 772 106,969 SH   SOLE   106,969 0 0
COMMUNITY FINL CORP MD COM 20368X101 3,476 118,868 SH   SOLE   118,868 0 0
COMMUNITY TR BANCORP INC COM 204149108 310 7,816 SH   SOLE   7,816 0 0
COMMUNITY WEST BANCSHARES COM 204157101 800 79,758 SH   SOLE   79,758 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 2,997 162,261 SH   SOLE   162,261 0 0
COUNTY BANCORP INC COM 221907108 1,466 84,416 SH   SOLE   84,416 0 0
CUSTOMERS BANCORP INC COM 23204G100 12,602 692,436 SH   SOLE   692,436 0 0
DIME CMNTY BANCSHARES COM 253922108 7,412 436,522 SH   SOLE   436,522 0 0
EAGLE BANCORP INC MD COM 268948106 11,031 226,471 SH   SOLE   226,471 0 0
EAGLE BANCORP MONT INC COM 26942G100 1,036 62,789 SH   SOLE   62,789 0 0
ENTEGRA FINL CORP COM 29363J108 938 45,193 SH   SOLE   45,193 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,072 33,318 SH   SOLE   33,318 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 1,365 52,461 SH   SOLE   52,461 0 0
FINANCIAL INSTNS INC COM 317585404 5,342 207,867 SH   SOLE   207,867 0 0
FIRST BUSEY CORP COM NEW 319383204 325 13,257 SH   SOLE   13,257 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 2,893 148,282 SH   SOLE   148,282 0 0
FIRST CHOICE BANCORP COM 31948P104 4,796 212,204 SH   SOLE   212,204 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,988 193,124 SH   SOLE   193,124 0 0
FIRST FINL CORP IND COM 320218100 2,015 50,176 SH   SOLE   50,176 0 0
FIRST FNDTN INC COM 32026V104 3,115 242,203 SH   SOLE   242,203 0 0
FIRST GTY BANCSHARES INC COM 32043P106 1,020 43,935 SH   SOLE   43,935 0 0
FIRST HAWAIIAN INC COM 32051X108 893 39,683 SH   SOLE   39,683 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 3,006 94,168 SH   SOLE   94,168 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,198 80,791 SH   SOLE   80,791 0 0
FIRST US BANCSHARES INC COM 33744V103 914 115,002 SH   SOLE   115,002 0 0
FLUSHING FINL CORP COM 343873105 1,726 80,146 SH   SOLE   80,146 0 0
FNB CORP PA COM 302520101 11,268 1,145,138 SH   SOLE   1,145,138 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 14,063 533,277 SH   SOLE   533,277 0 0
FS BANCORP INC COM 30263Y104 6,195 144,482 SH   SOLE   144,482 0 0
GLEN BURNIE BANCORP COM 377407101 384 36,805 SH   SOLE   36,805 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,221 48,261 SH   SOLE   48,261 0 0
GREEN BANCORP INC COM 39260X100 4,016 234,332 SH   SOLE   234,332 0 0
HAMILTON BANCORP INC MD COM 407015106 2,719 195,615 SH   SOLE   195,615 0 0
HANMI FINL CORP COM NEW 410495204 1,055 53,573 SH   SOLE   53,573 0 0
HAWTHORN BANCSHARES INC COM 420476103 311 14,778 SH   SOLE   14,778 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,222 27,796 SH   SOLE   27,796 0 0
HERITAGE COMMERCE CORP COM 426927109 1,255 110,669 SH   SOLE   110,669 0 0
HILLTOP HOLDINGS INC COM 432748101 18,266 1,024,439 SH   SOLE   1,024,439 0 0
HMN FINL INC COM 40424G108 1,072 54,663 SH   SOLE   54,663 0 0
HOME BANCORP INC COM 43689E107 1,863 52,638 SH   SOLE   52,638 0 0
HOMESTREET INC COM 43785V102 8,356 393,609 SH   SOLE   393,609 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 409 34,576 SH   SOLE   34,576 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,247 47,636 SH   SOLE   47,636 0 0
HOPE BANCORP INC COM 43940T109 8,320 701,534 SH   SOLE   701,534 0 0
HOWARD BANCORP INC COM 442496105 2,493 174,353 SH   SOLE   174,353 0 0
IBERIABANK CORP COM 450828108 7,204 112,067 SH   SOLE   112,067 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 11,658 338,892 SH   SOLE   338,892 0 0
INVESTORS BANCORP INC NEW COM 46146L101 4,618 443,996 SH   SOLE   443,996 0 0
MACKINAC FINL CORP COM 554571109 1,372 100,539 SH   SOLE   100,539 0 0
MALVERN BANCORP INC COM 561409103 1,111 56,288 SH   SOLE   56,288 0 0
MBT FINL CORP COM 578877102 262 28,135 SH   SOLE   28,135 0 0
MERCHANTS BANCORP IND COM 58844R108 453 22,693 SH   SOLE   22,693 0 0
MERIDIAN BANCORP INC MD COM 58958U103 244 17,050 SH   SOLE   17,050 0 0
MERIDIAN CORPORATION COM 58958P104 1,046 60,906 SH   SOLE   60,906 0 0
METROPOLITAN BK HLDG CORP COM 591774104 1,569 50,852 SH   SOLE   50,852 0 0
MID PENN BANCORP INC COM 59540G107 251 10,892 SH   SOLE   10,892 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 357 14,375 SH   SOLE   14,375 0 0
NORTHEAST BANCORP COM NEW 663904209 6,135 366,688 SH   SOLE   366,688 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 620 33,903 SH   SOLE   33,903 0 0
OP BANCORP COM 67109R109 2,884 325,195 SH   SOLE   325,195 0 0
OPUS BK IRVINE CALIF COM 684000102 3,506 178,985 SH   SOLE   178,985 0 0
ORITANI FINL CORP DEL COM 68633D103 9,487 643,214 SH   SOLE   643,214 0 0
PACIFIC CITY FINANCIAL CORP COM NEW 69406T408 2,967 189,567 SH   SOLE   189,567 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 1,397 195,344 SH   SOLE   195,344 0 0
PACIFIC PREMIER BANCORP COM 69478X105 1,110 43,487 SH   SOLE   43,487 0 0
PACWEST BANCORP DEL COM 695263103 13,157 395,330 SH   SOLE   395,330 0 0
PARKE BANCORP INC COM 700885106 4,780 255,397 SH   SOLE   255,397 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 412 16,374 SH   SOLE   16,374 0 0
PEOPLES BANCORP INC COM 709789101 880 29,242 SH   SOLE   29,242 0 0
PEOPLES UTAH BANCORP COM 712706209 464 15,403 SH   SOLE   15,403 0 0
PLUMAS BANCORP COM 729273102 1,294 56,974 SH   SOLE   56,974 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 3,036 70,029 SH   SOLE   70,029 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,827 122,536 SH   SOLE   122,536 0 0
QCR HOLDINGS INC COM 74727A104 711 22,153 SH   SOLE   22,153 0 0
RBB BANCORP COM 74930B105 4,931 280,671 SH   SOLE   280,671 0 0
RIVERVIEW BANCORP INC COM 769397100 168 23,108 SH   SOLE   23,108 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 304 27,853 SH   SOLE   27,853 0 0
SB FINL GROUP INC COM 78408D105 1,327 80,656 SH   SOLE   80,656 0 0
SELECT BANCORP INC NEW COM 81617L108 3,569 288,311 SH   SOLE   288,311 0 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 369 46,286 SH   SOLE   46,286 0 0
SHORE BANCSHARES INC COM 825107105 1,467 100,914 SH   SOLE   100,914 0 0
SIERRA BANCORP COM 82620P102 2,062 85,809 SH   SOLE   85,809 0 0
SI FINL GROUP INC MD COM 78425V104 3,888 305,458 SH   SOLE   305,458 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 9,569 93,072 SH   SOLE   93,072 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 1,966 81,478 SH   SOLE   81,478 0 0
SMARTFINANCIAL INC COM NEW 83190L208 2,867 156,947 SH   SOLE   156,947 0 0
SOUND FINL BANCORP INC COM 83607A100 1,282 39,395 SH   SOLE   39,395 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 2,010 152,044 SH   SOLE   152,044 0 0
STATE BK FINL CORP COM 856190103 5,160 238,992 SH   SOLE   238,992 0 0
STERLING BANCORP DEL COM 85917A100 6,186 374,712 SH   SOLE   374,712 0 0
STEWARDSHIP FINL CORP COM 860326107 542 59,558 SH   SOLE   59,558 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 364 18,844 SH   SOLE   18,844 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,349 114,619 SH   SOLE   114,619 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 12,423 243,161 SH   SOLE   243,161 0 0
TIMBERLAND BANCORP INC COM 887098101 1,716 76,934 SH   SOLE   76,934 0 0
TRICO BANCSHARES COM 896095106 1,994 59,003 SH   SOLE   59,003 0 0
TRUSTCO BK CORP N Y COM 898349105 1,733 252,625 SH   SOLE   252,625 0 0
UNITED BANCSHARES INC OHIO COM 909458101 299 14,958 SH   SOLE   14,958 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,497 156,233 SH   SOLE   156,233 0 0
WASHINGTON FED INC COM 938824109 2,009 75,213 SH   SOLE   75,213 0 0
WATERSTONE FINL INC MD COM 94188P101 5,522 329,475 SH   SOLE   329,475 0 0
WINTRUST FINL CORP COM 97650W108 816 12,273 SH   SOLE   12,273 0 0
WVS FINL CORP COM 929358109 650 43,984 SH   SOLE   43,984 0 0