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 1,660 139,513 SH   SOLE   139,513 0 0
AMERICAN RIVER BANKSHARES COM 029326105 304 30,564 SH   SOLE   30,564 0 0
AMERISERV FINL INC COM 03074A102 1,663 591,690 SH   SOLE   591,690 0 0
ASSOCIATED BANC CORP COM 045487105 468 37,100 SH   SOLE   37,100 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 2,721 239,704 SH   SOLE   239,704 0 0
BANK COMM HLDGS COM 06424J103 3,468 497,622 SH   SOLE   497,622 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 251 25,695 SH   SOLE   25,695 0 0
BANK PRINCETON NEW JERSEY COM 064520109 1,326 72,956 SH   SOLE   72,956 0 0
BANKFINANCIAL CORP COM 06643P104 2,022 280,077 SH   SOLE   280,077 0 0
BANKUNITED INC COM 06652K103 9,457 431,619 SH   SOLE   431,619 0 0
BANKWELL FINL GROUP INC COM 06654A103 809 57,198 SH   SOLE   57,198 0 0
BANNER CORP COM NEW 06652V208 3,957 122,650 SH   SOLE   122,650 0 0
BAYCOM CORP COM 07272M107 1,297 125,943 SH   SOLE   125,943 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 4,309 426,180 SH   SOLE   426,180 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 155 10,326 SH   SOLE   10,326 0 0
BYLINE BANCORP INC COM 124411109 522 46,251 SH   SOLE   46,251 0 0
C & F FINL CORP COM 12466Q104 1,264 42,563 SH   SOLE   42,563 0 0
CADENCE BANCORPORATION CL A 12739A100 2,741 319,046 SH   SOLE   319,046 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 5,397 550,112 SH   SOLE   550,112 0 0
CARTER BK & TR MARTINSVILLE COM 146102108 852 128,135 SH   SOLE   128,135 0 0
CBM BANCORP INC COM 1248XT104 268 21,868 SH   SOLE   21,868 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 2,736 221,560 SH   SOLE   221,560 0 0
CF BANKSHARES INC COM 12520L109 860 71,204 SH   SOLE   71,204 0 0
CHEMUNG FINL CORP COM 164024101 211 7,314 SH   SOLE   7,314 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 161 23,358 SH   SOLE   23,358 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 2,880 230,024 SH   SOLE   230,024 0 0
CNB FINL CORP PA COM 126128107 152 10,244 SH   SOLE   10,244 0 0
CODORUS VY BANCORP INC COM 192025104 847 64,690 SH   SOLE   64,690 0 0
COLONY BANKCORP INC COM 19623P101 548 50,955 SH   SOLE   50,955 0 0
COLUMBIA FINL INC COM 197641103 1,258 113,342 SH   SOLE   113,342 0 0
COMERICA INC COM 200340107 821 21,460 SH   SOLE   21,460 0 0
COMMUNITY BANKERS TR CORP COM 203612106 1,752 344,905 SH   SOLE   344,905 0 0
COMMUNITY FINL CORP MD COM 20368X101 2,967 138,974 SH   SOLE   138,974 0 0
COMMUNITY FIRST BANCSHARES I COM 20369M104 221 30,946 SH   SOLE   30,946 0 0
COMMUNITY WEST BANCSHARES COM 204157101 572 71,255 SH   SOLE   71,255 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 690 49,048 SH   SOLE   49,048 0 0
COUNTY BANCORP INC COM 221907108 1,273 67,728 SH   SOLE   67,728 0 0
CUSTOMERS BANCORP INC COM 23204G100 8,060 719,671 SH   SOLE   719,671 0 0
EAGLE BANCORP INC MD COM 268948106 1,820 67,928 SH   SOLE   67,928 0 0
EAGLE BANCORP MONT INC COM 26942G100 805 45,664 SH   SOLE   45,664 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 817 38,886 SH   SOLE   38,886 0 0
F N B CORP COM 302520101 257 37,849 SH   SOLE   37,849 0 0
FFBW INC COM 30258M107 597 63,808 SH   SOLE   63,808 0 0
FINANCIAL INSTNS INC COM 317585404 3,476 225,717 SH   SOLE   225,717 0 0
FIRST BANCORP INC ME COM 31866P102 307 14,665 SH   SOLE   14,665 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 2,054 331,234 SH   SOLE   331,234 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 1,914 133,927 SH   SOLE   133,927 0 0
FIRST CHOICE BANCORP COM 31948P104 2,788 209,773 SH   SOLE   209,773 0 0
FIRST CMNTY CORP S C COM 319835104 808 59,249 SH   SOLE   59,249 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 461 59,579 SH   SOLE   59,579 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 1,682 184,395 SH   SOLE   184,395 0 0
FIRST FINL BANCORP OH COM 320209109 236 19,677 SH   SOLE   19,677 0 0
FIRST FINL CORP IND COM 320218100 2,911 92,695 SH   SOLE   92,695 0 0
FIRST GTY BANCSHARES INC COM 32043P106 596 49,237 SH   SOLE   49,237 0 0
FIRST HORIZON NATL CORP COM 320517105 986 104,600 SH   SOLE   104,600 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 879 81,519 SH   SOLE   81,519 0 0
FIRST NATL CORP COM 32106V107 212 15,049 SH   SOLE   15,049 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,449 146,328 SH   SOLE   146,328 0 0
FIRST US BANCSHARES INC COM 33744V103 645 97,266 SH   SOLE   97,266 0 0
FIRST WESTN FINL INC COM 33751L105 750 57,891 SH   SOLE   57,891 0 0
FLUSHING FINL CORP COM 343873105 1,130 107,392 SH   SOLE   107,392 0 0
FS BANCORP INC COM 30263Y104 4,659 113,645 SH   SOLE   113,645 0 0
GLEN BURNIE BANCORP COM 377407101 348 33,850 SH   SOLE   33,850 0 0
GREAT SOUTHN BANCORP INC COM 390905107 1,696 46,819 SH   SOLE   46,819 0 0
GREAT WESTN BANCORP INC COM 391416104 4,989 400,688 SH   SOLE   400,688 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 666 47,531 SH   SOLE   47,531 0 0
HANMI FINL CORP COM NEW 410495204 129 15,721 SH   SOLE   15,721 0 0
HARBORONE BANCORP INC COM 41165F101 165 20,507 SH   SOLE   20,507 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,071 35,696 SH   SOLE   35,696 0 0
HERITAGE COMMERCE CORP COM 426927109 2,466 370,586 SH   SOLE   370,586 0 0
HILLTOP HOLDINGS INC COM 432748101 13,747 667,997 SH   SOLE   667,997 0 0
HMN FINL INC COM 40424G108 372 28,053 SH   SOLE   28,053 0 0
HOME BANCORP INC COM 43689E107 1,222 50,616 SH   SOLE   50,616 0 0
HOMETRUST BANCSHARES INC COM 437872104 894 65,811 SH   SOLE   65,811 0 0
HOPE BANCORP INC COM 43940T109 2,686 354,082 SH   SOLE   354,082 0 0
HORIZON BANCORP INC COM 440407104 508 50,329 SH   SOLE   50,329 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 7,425 284,919 SH   SOLE   284,919 0 0
INVESTORS BANCORP INC NEW COM 46146L101 871 120,031 SH   SOLE   120,031 0 0
LAKELAND BANCORP INC COM 511637100 1,334 134,078 SH   SOLE   134,078 0 0
LIMESTONE BANCORP INC COM 53262L105 258 24,497 SH   SOLE   24,497 0 0
MACATAWA BK CORP COM 554225102 593 90,793 SH   SOLE   90,793 0 0
MACKINAC FINL CORP COM 554571109 972 100,674 SH   SOLE   100,674 0 0
MAINSTREET BANCSHARES INC COM 56064Y100 159 13,030 SH   SOLE   13,030 0 0
MALVERN BANCORP INC COM 561409103 791 67,076 SH   SOLE   67,076 0 0
MERCHANTS BANCORP IND COM 58844R108 778 39,447 SH   SOLE   39,447 0 0
MERIDIAN BANCORP INC MD COM 58958U103 705 68,145 SH   SOLE   68,145 0 0
MERIDIAN CORPORATION COM 58958P104 920 57,021 SH   SOLE   57,021 0 0
METROPOLITAN BK HLDG CORP COM 591774104 1,316 47,016 SH   SOLE   47,016 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 158 12,307 SH   SOLE   12,307 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 1,234 69,073 SH   SOLE   69,073 0 0
NORTHEAST BANCORP COM NEW 663904209 3,210 174,446 SH   SOLE   174,446 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108 300 32,855 SH   SOLE   32,855 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 350 38,063 SH   SOLE   38,063 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 328 28,594 SH   SOLE   28,594 0 0
OLD SECOND BANCORP INC ILL COM 680277100 94 12,483 SH   SOLE   12,483 0 0
OP BANCORP COM 67109R109 2,787 487,289 SH   SOLE   487,289 0 0
ORRSTOWN FINL SVCS INC COM 687380105 535 41,834 SH   SOLE   41,834 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 2,567 689,969 SH   SOLE   689,969 0 0
PACIFIC PREMIER BANCORP COM 69478X105 3,150 156,423 SH   SOLE   156,423 0 0
PACWEST BANCORP DEL COM 695263103 11,712 685,742 SH   SOLE   685,742 0 0
PARKE BANCORP INC COM 700885106 2,780 232,817 SH   SOLE   232,817 0 0
PCB BANCORP COM 69320M109 1,714 195,019 SH   SOLE   195,019 0 0
PDL CMNTY BANCORP COM 69290X101 114 12,876 SH   SOLE   12,876 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 978 64,562 SH   SOLE   64,562 0 0
PLUMAS BANCORP COM 729273102 531 26,991 SH   SOLE   26,991 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,207 111,748 SH   SOLE   111,748 0 0
PROVIDENT BANCORP INC COM 74383X109 1,135 145,712 SH   SOLE   145,712 0 0
PROVIDENT FINL SVCS INC COM 74386T105 2,306 189,049 SH   SOLE   189,049 0 0
QCR HOLDINGS INC COM 74727A104 370 13,496 SH   SOLE   13,496 0 0
RANDOLPH BANCORP INC COM 752378109 2,394 192,614 SH   SOLE   192,614 0 0
RBB BANCORP COM 74930B105 3,150 277,803 SH   SOLE   277,803 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 3,935 1,987,159 SH   SOLE   1,987,159 0 0
RIVERVIEW BANCORP INC COM 769397100 134 32,206 SH   SOLE   32,206 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 517 76,422 SH   SOLE   76,422 0 0
SB FINL GROUP INC COM 78408D105 928 68,755 SH   SOLE   68,755 0 0
SELECT BANCORP INC NEW COM 81617L108 1,695 235,711 SH   SOLE   235,711 0 0
SHORE BANCSHARES INC COM 825107105 1,459 132,885 SH   SOLE   132,885 0 0
SIERRA BANCORP COM 82620P102 1,387 82,630 SH   SOLE   82,630 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 333 21,025 SH   SOLE   21,025 0 0
SMARTFINANCIAL INC COM NEW 83190L208 1,867 137,378 SH   SOLE   137,378 0 0
SOUND FINL BANCORP INC COM 83607A100 1,106 37,318 SH   SOLE   37,318 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 281 22,570 SH   SOLE   22,570 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,955 225,233 SH   SOLE   225,233 0 0
STERLING BANCORP DEL COM 85917A100 91 30,398 SH   SOLE   30,398 0 0
STERLING BANCORP INC COM 85917W102 974 92,546 SH   SOLE   92,546 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 860 77,102 SH   SOLE   77,102 0 0
SYNOVUS FINL CORP COM NEW 87161C501 2,894 136,685 SH   SOLE   136,685 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 2,536 81,467 SH   SOLE   81,467 0 0
TIMBERLAND BANCORP INC COM 887098101 1,196 66,445 SH   SOLE   66,445 0 0
TRUSTCO BK CORP N Y COM 898349105 800 153,319 SH   SOLE   153,319 0 0
UMB FINL CORP COM 902788108 852 17,381 SH   SOLE   17,381 0 0
UNITED BANCSHARES INC OHIO COM 909458101 261 12,141 SH   SOLE   12,141 0 0
UNITED CMTY BKS BLAIRSVLE G COM 90984P303 943 55,721 SH   SOLE   55,721 0 0
UNITY BANCORP INC COM 913290102 180 15,501 SH   SOLE   15,501 0 0
WATERSTONE FINL INC MD COM 94188P101 282 18,217 SH   SOLE   18,217 0 0
WESBANCO INC COM 950810101 1,893 88,613 SH   SOLE   88,613 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 630 111,954 SH   SOLE   111,954 0 0
WINTRUST FINL CORP COM 97650W108 11,597 289,565 SH   SOLE   289,565 0 0
WVS FINL CORP COM 929358109 171 12,878 SH   SOLE   12,878 0 0
ZIONS BANCORPORATION N A COM 989701107 569 19,459 SH   SOLE   19,459 0 0