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 1,797 135,620 SH   SOLE   135,620 0 0
AMERICAN RIVER BANKSHARES COM 029326105 181 21,011 SH   SOLE   21,011 0 0
AMERIS BANCORP COM 03076K108 3,179 133,780 SH   SOLE   133,780 0 0
AMERISERV FINL INC COM 03074A102 1,565 597,458 SH   SOLE   597,458 0 0
ASSOCIATED BANC CORP COM 045487105 513 40,100 SH   SOLE   40,100 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 2,365 199,246 SH   SOLE   199,246 0 0
BANK COMM HLDGS COM 06424J103 3,773 479,450 SH   SOLE   479,450 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 107 12,194 SH   SOLE   12,194 0 0
BANK PRINCETON NEW JERSEY COM 064520109 1,696 72,951 SH   SOLE   72,951 0 0
BANKFINANCIAL CORP COM 06643P104 2,441 277,092 SH   SOLE   277,092 0 0
BANKUNITED INC COM 06652K103 6,896 368,795 SH   SOLE   368,795 0 0
BANKWELL FINL GROUP INC COM 06654A103 741 48,532 SH   SOLE   48,532 0 0
BANNER CORP COM NEW 06652V208 4,083 123,584 SH   SOLE   123,584 0 0
BAYCOM CORP COM 07272M107 1,107 91,880 SH   SOLE   91,880 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 1,664 111,960 SH   SOLE   111,960 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105 638 40,020 SH   SOLE   40,020 0 0
BYLINE BANCORP INC COM 124411109 437 42,142 SH   SOLE   42,142 0 0
C & F FINL CORP COM 12466Q104 1,630 40,852 SH   SOLE   40,852 0 0
CADENCE BANCORPORATION CL A 12739A100 2,164 330,346 SH   SOLE   330,346 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 5,384 544,365 SH   SOLE   544,365 0 0
CAROLINA FINL CORP NEW COM 143873107 1,697 65,591 SH   SOLE   65,591 0 0
CBM BANCORP INC COM 1248XT104 229 19,764 SH   SOLE   19,764 0 0
CENTERSTATE BK CORP COM 15201P109 382 22,158 SH   SOLE   22,158 0 0
CENTRAL FED CORP COM NEW 15346Q202 780 74,176 SH   SOLE   74,176 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 2,846 218,921 SH   SOLE   218,921 0 0
CHEMUNG FINL CORP COM 164024101 229 6,946 SH   SOLE   6,946 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 3,514 234,909 SH   SOLE   234,909 0 0
CODORUS VY BANCORP INC COM 192025104 977 60,680 SH   SOLE   60,680 0 0
COLONY BANKCORP INC COM 19623P101 624 49,221 SH   SOLE   49,221 0 0
COLUMBIA FINL INC COM 197641103 2,480 172,211 SH   SOLE   172,211 0 0
COMERICA INC COM 200340107 1,508 51,397 SH   SOLE   51,397 0 0
COMMUNITY BANKERS TR CORP COM 203612106 584 120,321 SH   SOLE   120,321 0 0
COMMUNITY FINL CORP MD COM 20368X101 3,062 138,534 SH   SOLE   138,534 0 0
COMMUNITY FIRST BANCSHARES I COM 20369M104 230 30,937 SH   SOLE   30,937 0 0
COMMUNITY WEST BANCSHARES COM 204157101 434 71,255 SH   SOLE   71,255 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,752 130,389 SH   SOLE   130,389 0 0
COUNTY BANCORP INC COM 221907108 1,356 73,288 SH   SOLE   73,288 0 0
CUSTOMERS BANCORP INC COM 23204G100 7,228 661,328 SH   SOLE   661,328 0 0
DIME CMNTY BANCSHARES COM 253922108 223 16,248 SH   SOLE   16,248 0 0
EAGLE BANCORP INC MD COM 268948106 2,377 78,674 SH   SOLE   78,674 0 0
EAGLE BANCORP MONT INC COM 26942G100 740 45,664 SH   SOLE   45,664 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 943 34,955 SH   SOLE   34,955 0 0
FFBW INC COM 30258M107 489 61,953 SH   SOLE   61,953 0 0
FINANCIAL INSTNS INC COM 317585404 3,837 211,523 SH   SOLE   211,523 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 2,296 330,846 SH   SOLE   330,846 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 1,948 125,661 SH   SOLE   125,661 0 0
FIRST BUSEY CORP COM NEW 319383204 827 48,333 SH   SOLE   48,333 0 0
FIRST CHOICE BANCORP COM 31948P104 3,158 210,388 SH   SOLE   210,388 0 0
FIRST CMNTY CORP S C COM 319835104 788 50,129 SH   SOLE   50,129 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 223 24,396 SH   SOLE   24,396 0 0
FIRST FINL CORP IND COM 320218100 3,122 92,595 SH   SOLE   92,595 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 1,845 183,790 SH   SOLE   183,790 0 0
FIRST FNDTN INC COM 32026V104 2,379 232,814 SH   SOLE   232,814 0 0
FIRST GTY BANCSHARES INC COM 32043P106 707 49,020 SH   SOLE   49,020 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,038 43,727 SH   SOLE   43,727 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 1,003 75,810 SH   SOLE   75,810 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,407 129,411 SH   SOLE   129,411 0 0
FIRST US BANCSHARES INC COM 33744V103 597 97,266 SH   SOLE   97,266 0 0
FIRST WESTN FINL INC COM 33751L105 706 49,943 SH   SOLE   49,943 0 0
FLUSHING FINL CORP COM 343873105 1,175 87,964 SH   SOLE   87,964 0 0
FNB CORP PA COM 302520101 2,594 352,032 SH   SOLE   352,032 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 7,778 381,449 SH   SOLE   381,449 0 0
FS BANCORP INC COM 30263Y104 4,345 120,687 SH   SOLE   120,687 0 0
FSB BANCORP INC COM 30289C102 313 22,169 SH   SOLE   22,169 0 0
GLEN BURNIE BANCORP COM 377407101 267 33,485 SH   SOLE   33,485 0 0
GREAT SOUTHN BANCORP INC COM 390905107 1,891 46,819 SH   SOLE   46,819 0 0
GREAT WESTN BANCORP INC COM 391416104 988 48,218 SH   SOLE   48,218 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 698 46,883 SH   SOLE   46,883 0 0
HANMI FINL CORP COM NEW 410495204 460 42,441 SH   SOLE   42,441 0 0
HARBORONE BANCORP INC COM 41165F101 154 20,507 SH   SOLE   20,507 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,128 37,338 SH   SOLE   37,338 0 0
HERITAGE COMMERCE CORP COM 426927109 3,454 450,356 SH   SOLE   450,356 0 0
HILLTOP HOLDINGS INC COM 432748101 11,246 743,793 SH   SOLE   743,793 0 0
HMN FINL INC COM 40424G108 502 27,866 SH   SOLE   27,866 0 0
HOME BANCORP INC COM 43689E107 1,270 52,024 SH   SOLE   52,024 0 0
HOMETRUST BANCSHARES INC COM 437872104 792 49,744 SH   SOLE   49,744 0 0
HOPE BANCORP INC COM 43940T109 4,189 509,652 SH   SOLE   509,652 0 0
HORIZON BANCORP INC COM 440407104 209 21,189 SH   SOLE   21,189 0 0
IBERIABANK CORP COM 450828108 3,835 106,065 SH   SOLE   106,065 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 7,775 289,250 SH   SOLE   289,250 0 0
INVESTORS BANCORP INC NEW COM 46146L101 210 26,272 SH   SOLE   26,272 0 0
LAKELAND BANCORP INC COM 511637100 1,508 139,478 SH   SOLE   139,478 0 0
LIMESTONE BANCORP INC COM 53262L105 239 21,441 SH   SOLE   21,441 0 0
MACATAWA BK CORP COM 554225102 518 72,809 SH   SOLE   72,809 0 0
MACKINAC FINL CORP COM 554571109 1,016 97,186 SH   SOLE   97,186 0 0
MALVERN BANCORP INC COM 561409103 496 40,498 SH   SOLE   40,498 0 0
MERCHANTS BANCORP IND COM 58844R108 2,067 136,182 SH   SOLE   136,182 0 0
MERIDIAN BANCORP INC MD COM 58958U103 738 65,745 SH   SOLE   65,745 0 0
MERIDIAN CORPORATION COM 58958P104 724 52,910 SH   SOLE   52,910 0 0
METROPOLITAN BK HLDG CORP COM 591774104 1,276 47,372 SH   SOLE   47,372 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 356 16,978 SH   SOLE   16,978 0 0
NORTHEAST BANCORP COM NEW 663904209 2,447 209,903 SH   SOLE   209,903 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 660 57,052 SH   SOLE   57,052 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 451 28,630 SH   SOLE   28,630 0 0
OLD SECOND BANCORP INC ILL COM 680277100 106 15,391 SH   SOLE   15,391 0 0
OP BANCORP COM 67109R109 3,681 493,474 SH   SOLE   493,474 0 0
OPUS BK IRVINE CALIF COM 684000102 2,982 172,052 SH   SOLE   172,052 0 0
ORRSTOWN FINL SVCS INC COM 687380105 618 44,864 SH   SOLE   44,864 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 3,240 687,817 SH   SOLE   687,817 0 0
PACIFIC PREMIER BANCORP COM 69478X105 1,121 59,513 SH   SOLE   59,513 0 0
PACWEST BANCORP DEL COM 695263103 13,348 744,879 SH   SOLE   744,879 0 0
PARKE BANCORP INC COM 700885106 3,070 227,555 SH   SOLE   227,555 0 0
PB BANCORP INC COM 70454T100 1,803 121,031 SH   SOLE   121,031 0 0
PCB BANCORP COM 69320M109 1,771 181,120 SH   SOLE   181,120 0 0
PDL CMNTY BANCORP COM 69290X101 132 12,876 SH   SOLE   12,876 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 893 49,725 SH   SOLE   49,725 0 0
PLUMAS BANCORP COM 729273102 625 33,768 SH   SOLE   33,768 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,381 111,340 SH   SOLE   111,340 0 0
PROVIDENT BANCORP INC COM 74383X109 1,218 141,262 SH   SOLE   141,262 0 0
QCR HOLDINGS INC COM 74727A104 650 24,024 SH   SOLE   24,024 0 0
RANDOLPH BANCORP INC COM 752378109 1,877 195,706 SH   SOLE   195,706 0 0
RBB BANCORP COM 74930B105 3,787 275,993 SH   SOLE   275,993 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 4,280 1,954,343 SH   SOLE   1,954,343 0 0
RIVERVIEW BANCORP INC COM 769397100 81 16,135 SH   SOLE   16,135 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 172 26,523 SH   SOLE   26,523 0 0
SB FINL GROUP INC COM 78408D105 838 75,343 SH   SOLE   75,343 0 0
SB ONE BANCORP COM 78413T103 2,621 154,167 SH   SOLE   154,167 0 0
SELECT BANCORP INC NEW COM 81617L108 1,766 231,430 SH   SOLE   231,430 0 0
SHORE BANCSHARES INC COM 825107105 1,088 100,301 SH   SOLE   100,301 0 0
SIERRA BANCORP COM 82620P102 1,453 82,624 SH   SOLE   82,624 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 387 21,025 SH   SOLE   21,025 0 0
SMARTFINANCIAL INC COM NEW 83190L208 2,039 134,043 SH   SOLE   134,043 0 0
SOUND FINL BANCORP INC COM 83607A100 790 37,581 SH   SOLE   37,581 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 346 22,333 SH   SOLE   22,333 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,648 167,527 SH   SOLE   167,527 0 0
STERLING BANCORP DEL COM 85917A100 131 30,398 SH   SOLE   30,398 0 0
STERLING BANCORP INC COM 85917W102 361 34,540 SH   SOLE   34,540 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 649 81,240 SH   SOLE   81,240 0 0
SYNOVUS FINL CORP COM NEW 87161C501 9,692 551,942 SH   SOLE   551,942 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 6,078 274,148 SH   SOLE   274,148 0 0
TIMBERLAND BANCORP INC COM 887098101 1,215 66,445 SH   SOLE   66,445 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 193 10,646 SH   SOLE   10,646 0 0
TRUSTCO BK CORP N Y COM 898349105 1,109 205,083 SH   SOLE   205,083 0 0
UMB FINL CORP COM 902788108 1,019 21,981 SH   SOLE   21,981 0 0
UNITED BANCSHARES INC OHIO COM 909458101 206 12,650 SH   SOLE   12,650 0 0
UNITY BANCORP INC COM 913290102 170 14,501 SH   SOLE   14,501 0 0
WATERSTONE FINL INC MD COM 94188P101 895 61,535 SH   SOLE   61,535 0 0
WESBANCO INC COM 950810101 2,043 86,212 SH   SOLE   86,212 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 715 105,753 SH   SOLE   105,753 0 0
WINTRUST FINL CORP COM 97650W108 10,018 304,865 SH   SOLE   304,865 0 0
WVS FINL CORP COM 929358109 211 16,078 SH   SOLE   16,078 0 0
ZIONS BANCORPORATION N A COM 989701107 717 26,800 SH   SOLE   26,800 0 0