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 3,061 138,317 SH   SOLE   138,317 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 3,818 101,533 SH   SOLE   101,533 0 0
AMERICAN RIVER BANKSHARES COM 029326105 336 22,611 SH   SOLE   22,611 0 0
AMERIS BANCORP COM 03076K108 610 14,347 SH   SOLE   14,347 0 0
AMERISERV FINL INC COM 03074A102 2,628 625,797 SH   SOLE   625,797 0 0
ASSOCIATED BANC CORP COM 045487105 264 12,000 SH   SOLE   12,000 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 3,656 199,246 SH   SOLE   199,246 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 1,298 72,569 SH   SOLE   72,569 0 0
BANK COMM HLDGS COM 06424J103 5,584 482,650 SH   SOLE   482,650 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 155 10,151 SH   SOLE   10,151 0 0
BANK PRINCETON NEW JERSEY COM 064520109 2,297 72,951 SH   SOLE   72,951 0 0
BANKFINANCIAL CORP COM 06643P104 3,776 288,663 SH   SOLE   288,663 0 0
BANKUNITED INC COM 06652K103 14,542 397,759 SH   SOLE   397,759 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,447 50,162 SH   SOLE   50,162 0 0
BANNER CORP COM NEW 06652V208 6,549 115,735 SH   SOLE   115,735 0 0
BAYCOM CORP COM 07272M107 2,144 94,280 SH   SOLE   94,280 0 0
BCB BANCORP INC COM 055298103 527 38,193 SH   SOLE   38,193 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 1,064 32,373 SH   SOLE   32,373 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 473 28,728 SH   SOLE   28,728 0 0
BYLINE BANCORP INC COM 124411109 882 45,092 SH   SOLE   45,092 0 0
C & F FINL CORP COM 12466Q104 2,381 43,041 SH   SOLE   43,041 0 0
CADENCE BANCORPORATION CL A 12739A100 4,736 261,203 SH   SOLE   261,203 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 9,067 544,582 SH   SOLE   544,582 0 0
CAROLINA TR BANCSHARES INC COM 14422P105 6,100 479,223 SH   SOLE   479,223 0 0
CBM BANCORP INC COM 1248XT104 279 19,764 SH   SOLE   19,764 0 0
CENTERSTATE BK CORP COM 15201P109 269 10,770 SH   SOLE   10,770 0 0
CENTRAL FED CORP COM NEW 15346Q202 1,038 74,431 SH   SOLE   74,431 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 821 27,764 SH   SOLE   27,764 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 2,974 137,263 SH   SOLE   137,263 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 6,974 290,596 SH   SOLE   290,596 0 0
CODORUS VY BANCORP INC COM 192025104 1,432 62,160 SH   SOLE   62,160 0 0
COLONY BANKCORP INC COM 19623P101 195 11,848 SH   SOLE   11,848 0 0
COLUMBIA FINL INC COM 197641103 3,310 195,367 SH   SOLE   195,367 0 0
COMERICA INC COM 200340107 2,559 35,660 SH   SOLE   35,660 0 0
COMMUNITY BANKERS TR CORP COM 203612106 1,083 121,997 SH   SOLE   121,997 0 0
COMMUNITY FINL CORP MD COM 20368X101 4,970 139,718 SH   SOLE   139,718 0 0
COMMUNITY FIRST BANCSHARES I COM 20369M104 360 31,469 SH   SOLE   31,469 0 0
COMMUNITY WEST BANCSHARES COM 204157101 998 89,915 SH   SOLE   89,915 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,792 69,676 SH   SOLE   69,676 0 0
COUNTY BANCORP INC COM 221907108 1,924 75,072 SH   SOLE   75,072 0 0
CUSTOMERS BANCORP INC COM 23204G100 14,487 608,431 SH   SOLE   608,431 0 0
DIME CMNTY BANCSHARES COM 253922108 7,391 353,818 SH   SOLE   353,818 0 0
EAGLE BANCORP INC MD COM 268948106 3,826 78,674 SH   SOLE   78,674 0 0
EAGLE BANCORP MONT INC COM 26942G100 977 45,664 SH   SOLE   45,664 0 0
ENTEGRA FINL CORP COM 29363J108 5,038 166,937 SH   SOLE   166,937 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,567 46,276 SH   SOLE   46,276 0 0
FFBW INC COM 30258M107 639 55,337 SH   SOLE   55,337 0 0
FINANCIAL INSTNS INC COM 317585404 6,323 196,969 SH   SOLE   196,969 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 3,136 283,823 SH   SOLE   283,823 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 3,703 140,631 SH   SOLE   140,631 0 0
FIRST BUSEY CORP COM NEW 319383204 942 34,254 SH   SOLE   34,254 0 0
FIRST CHOICE BANCORP COM 31948P104 5,754 213,421 SH   SOLE   213,421 0 0
FIRST CMNTY CORP S C COM 319835104 1,083 50,129 SH   SOLE   50,129 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,786 186,459 SH   SOLE   186,459 0 0
FIRST FINL CORP IND COM 320218100 4,450 97,340 SH   SOLE   97,340 0 0
FIRST FNDTN INC COM 32026V104 4,379 251,671 SH   SOLE   251,671 0 0
FIRST GTY BANCSHARES INC COM 32043P106 1,198 55,007 SH   SOLE   55,007 0 0
FIRST HAWAIIAN INC COM 32051X108 412 14,265 SH   SOLE   14,265 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,970 55,891 SH   SOLE   55,891 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 1,278 55,436 SH   SOLE   55,436 0 0
FIRST NORTHWEST BANCORP COM 335834107 2,384 131,513 SH   SOLE   131,513 0 0
FIRST US BANCSHARES INC COM 33744V103 1,205 103,759 SH   SOLE   103,759 0 0
FIRST WESTN FINL INC COM 33751L105 835 50,723 SH   SOLE   50,723 0 0
FLUSHING FINL CORP COM 343873105 2,665 123,338 SH   SOLE   123,338 0 0
FNB CORP PA COM 302520101 3,264 257,038 SH   SOLE   257,038 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 14,351 418,042 SH   SOLE   418,042 0 0
FS BANCORP INC COM 30263Y104 7,699 120,687 SH   SOLE   120,687 0 0
FSB BANCORP INC COM 30289C102 384 22,070 SH   SOLE   22,070 0 0
GLEN BURNIE BANCORP COM 377407101 404 35,151 SH   SOLE   35,151 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,717 42,914 SH   SOLE   42,914 0 0
GREAT WESTN BANCORP INC COM 391416104 903 25,999 SH   SOLE   25,999 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 1,427 56,632 SH   SOLE   56,632 0 0
HANMI FINL CORP COM NEW 410495204 881 44,040 SH   SOLE   44,040 0 0
HARBORONE BANCORP INC COM 41165F101 225 20,507 SH   SOLE   20,507 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,976 39,724 SH   SOLE   39,724 0 0
HERITAGE COMMERCE CORP COM 426927109 6,035 470,392 SH   SOLE   470,392 0 0
HILLTOP HOLDINGS INC COM 432748101 22,121 887,342 SH   SOLE   887,342 0 0
HMN FINL INC COM 40424G108 601 28,616 SH   SOLE   28,616 0 0
HOME BANCORP INC COM 43689E107 2,068 52,774 SH   SOLE   52,774 0 0
HOMESTREET INC COM 43785V102 8,102 238,298 SH   SOLE   238,298 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,445 53,844 SH   SOLE   53,844 0 0
HOPE BANCORP INC COM 43940T109 7,690 517,529 SH   SOLE   517,529 0 0
HOWARD BANCORP INC COM 442496105 477 28,235 SH   SOLE   28,235 0 0
IBERIABANK CORP COM 450828108 5,579 74,559 SH   SOLE   74,559 0 0
IF BANCORP INC COM 44951J105 232 10,068 SH   SOLE   10,068 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 13,733 318,858 SH   SOLE   318,858 0 0
INVESTORS BANCORP INC NEW COM 46146L101 4,029 338,141 SH   SOLE   338,141 0 0
LAKELAND BANCORP INC COM 511637100 2,977 171,282 SH   SOLE   171,282 0 0
LIMESTONE BANCORP INC COM 53262L105 411 22,841 SH   SOLE   22,841 0 0
MACKINAC FINL CORP COM 554571109 1,702 97,476 SH   SOLE   97,476 0 0
MALVERN BANCORP INC COM 561409103 968 41,930 SH   SOLE   41,930 0 0
MERCHANTS BANCORP IND COM 58844R108 2,737 138,866 SH   SOLE   138,866 0 0
MERIDIAN BANCORP INC MD COM 58958U103 1,321 65,745 SH   SOLE   65,745 0 0
MERIDIAN CORPORATION COM 58958P104 1,171 57,986 SH   SOLE   57,986 0 0
METROPOLITAN BK HLDG CORP COM 591774104 2,285 47,372 SH   SOLE   47,372 0 0
MID PENN BANCORP INC COM 59540G107 254 8,814 SH   SOLE   8,814 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 615 16,978 SH   SOLE   16,978 0 0
NORTHEAST BANCORP COM NEW 663904209 7,102 322,973 SH   SOLE   322,973 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 929 55,852 SH   SOLE   55,852 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 629 32,303 SH   SOLE   32,303 0 0
OP BANCORP COM 67109R109 5,317 512,773 SH   SOLE   512,773 0 0
OPUS BK IRVINE CALIF COM 684000102 4,451 172,052 SH   SOLE   172,052 0 0
ORRSTOWN FINL SVCS INC COM 687380105 1,037 45,852 SH   SOLE   45,852 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 3,142 386,896 SH   SOLE   386,896 0 0
PACIFIC PREMIER BANCORP COM 69478X105 1,194 36,631 SH   SOLE   36,631 0 0
PACWEST BANCORP DEL COM 695263103 10,665 278,685 SH   SOLE   278,685 0 0
PARKE BANCORP INC COM 700885106 5,428 213,777 SH   SOLE   213,777 0 0
PB BANCORP INC COM 70454T100 381 25,152 SH   SOLE   25,152 0 0
PCB BANCORP COM 69320M109 3,312 191,670 SH   SOLE   191,670 0 0
PDL CMNTY BANCORP COM 69290X101 189 12,876 SH   SOLE   12,876 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 1,537 49,725 SH   SOLE   49,725 0 0
PLUMAS BANCORP COM 729273102 975 36,948 SH   SOLE   36,948 0 0
PREMIER FINL BANCORP INC COM 74050M105 2,051 113,077 SH   SOLE   113,077 0 0
PROVIDENT BANCORP INC COM 74383X109 393 31,554 SH   SOLE   31,554 0 0
QCR HOLDINGS INC COM 74727A104 1,102 25,134 SH   SOLE   25,134 0 0
RANDOLPH BANCORP INC COM 752378109 330 18,711 SH   SOLE   18,711 0 0
RBB BANCORP COM 74930B105 5,843 275,993 SH   SOLE   275,993 0 0
RENASANT CORP COM 75970E107 277 7,818 SH   SOLE   7,818 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 5,153 1,232,827 SH   SOLE   1,232,827 0 0
RIVERVIEW BANCORP INC COM 769397100 132 16,135 SH   SOLE   16,135 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 351 28,081 SH   SOLE   28,081 0 0
SB FINL GROUP INC COM 78408D105 1,588 80,656 SH   SOLE   80,656 0 0
SELECT BANCORP INC NEW COM 81617L108 2,880 234,111 SH   SOLE   234,111 0 0
SHORE BANCSHARES INC COM 825107105 1,699 97,893 SH   SOLE   97,893 0 0
SIERRA BANCORP COM 82620P102 2,406 82,624 SH   SOLE   82,624 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 793 29,602 SH   SOLE   29,602 0 0
SMARTFINANCIAL INC COM NEW 83190L208 3,196 135,136 SH   SOLE   135,136 0 0
SOUND FINL BANCORP INC COM 83607A100 1,414 39,288 SH   SOLE   39,288 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 476 22,829 SH   SOLE   22,829 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 2,779 169,957 SH   SOLE   169,957 0 0
SOUTHWEST GA FINL CORP COM 84502A104 259 7,371 SH   SOLE   7,371 0 0
STERLING BANCORP DEL COM 85917A100 308 14,600 SH   SOLE   14,600 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,065 82,147 SH   SOLE   82,147 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 15,586 274,548 SH   SOLE   274,548 0 0
TIMBERLAND BANCORP INC COM 887098101 2,092 70,327 SH   SOLE   70,327 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 296 10,646 SH   SOLE   10,646 0 0
TRICO BANCSHARES COM 896095106 1,711 41,915 SH   SOLE   41,915 0 0
TRUSTCO BK CORP N Y COM 898349105 1,705 196,659 SH   SOLE   196,659 0 0
TWO RIV BANCORP COM 90207C105 1,335 59,617 SH   SOLE   59,617 0 0
UMB FINL CORP COM 902788108 1,088 15,849 SH   SOLE   15,849 0 0
UNITED BANCSHARES INC OHIO COM 909458101 343 15,098 SH   SOLE   15,098 0 0
UNITED SECURITY BANCSHARES C COM 911460103 245 22,867 SH   SOLE   22,867 0 0
UNITY BANCORP INC COM 913290102 326 14,456 SH   SOLE   14,456 0 0
WATERSTONE FINL INC MD COM 94188P101 3,968 208,528 SH   SOLE   208,528 0 0
WESBANCO INC COM 950810101 3,035 80,314 SH   SOLE   80,314 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 879 91,267 SH   SOLE   91,267 0 0
WINTRUST FINL CORP COM 97650W108 4,787 67,517 SH   SOLE   67,517 0 0
WVS FINL CORP COM 929358109 417 26,016 SH   SOLE   26,016 0 0