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
ACI WORLDWIDE INC COM 004498101 627 16,000 SH   SOLE   16,000 0 0
ALLEGHANY CORP DEL COM 017175100 1,294 2,000 SH   SOLE   2,000 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206 1,475 53,000 SH   SOLE   53,000 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 10,058 384,000 SH   SOLE   384,000 0 0
AMERIS BANCORP COM 03076K108 57,890 1,521,000 SH   SOLE   1,521,000 0 0
ARBOR REALTY TRUST INC COM 038923108 1,614 114,000 SH   SOLE   114,000 0 0
ARCH CAP GROUP LTD ORD G0450A105 330 9,000 SH   SOLE   9,000 0 0
BANC OF CALIFORNIA INC COM 05990K106 14,282 971,000 SH   SOLE   971,000 0 0
BANCORP INC DEL COM 05969A105 1,065 78,000 SH   SOLE   78,000 0 0
BANK NEW YORK MELLON CORP COM 064058100 599 14,000 SH   SOLE   14,000 0 0
BANK7 CORP COM 06652N107 6,958 490,000 SH   SOLE   490,000 0 0
BANNER CORP COM NEW 06652V208 13,457 289,000 SH   SOLE   289,000 0 0
BARINGS BDC INC COM 06759L103 1,306 142,000 SH   SOLE   142,000 0 0
BAYCOM CORP COM 07272M107 3,226 213,000 SH   SOLE   213,000 0 0
BGC PARTNERS INC CL A 05541T101 1,284 321,000 SH   SOLE   321,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 16,618 1,380,000 SH   SOLE   1,380,000 0 0
BYLINE BANCORP INC COM 124411109 4,429 287,000 SH   SOLE   287,000 0 0
CAMBRIDGE BANCORP COM 132152109 14,997 215,000 SH   SOLE   215,000 0 0
CAPITAL BANCORP INC MD COM 139737100 907 65,000 SH   SOLE   65,000 0 0
CBTX INC COM 12481V104 7,579 297,000 SH   SOLE   297,000 0 0
CENTURY BANCORPORATION INC CL A NON VTG 156432106 3,145 41,000 SH   SOLE   41,000 0 0
CENTURY CMNTYS INC COM 156504300 1,159 26,000 SH   SOLE   26,000 0 0
CITIGROUP INC COM NEW 172967424 303 5,000 SH   SOLE   5,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 10,017 920,000 SH   SOLE   920,000 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 685 39,000 SH   SOLE   39,000 0 0
COASTAL FINL CORP WA COM NEW 19046P209 16,689 795,000 SH   SOLE   795,000 0 0
EASTERN BANKSHARES INC COM 27627N105 53,321 3,269,000 SH   SOLE   3,269,000 0 0
EQUITABLE HLDGS INC COM 29452E101 1,746 68,000 SH   SOLE   68,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 4,818 223,000 SH   SOLE   223,000 0 0
ESSA BANCORP INC COM 29667D104 2,884 192,000 SH   SOLE   192,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 13,206 480,000 SH   SOLE   480,000 0 0
F N B CORP COM 302520101 41,432 4,361,000 SH   SOLE   4,361,000 0 0
FIRST HORIZON CORPORATION COM 320517105 15,768 1,236,000 SH   SOLE   1,236,000 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 2,481 156,000 SH   SOLE   156,000 0 0
FIRST SVGS FINL GROUP INC COM 33621E109 7,695 118,000 SH   SOLE   118,000 0 0
FIRST WESTN FINL INC COM 33751L105 7,639 390,000 SH   SOLE   390,000 0 0
FISERV INC COM 337738108 482 4,000 SH   SOLE   4,000 0 0
FLAGSTAR BANCORP INC COM PAR .001 337930705 18,076 443,000 SH   SOLE   443,000 0 0
GRANITE PT MTG TR INC COM STK 38741L107 1,386 139,000 SH   SOLE   139,000 0 0
GREAT SOUTHN BANCORP INC COM 390905107 10,602 217,000 SH   SOLE   217,000 0 0
GREAT WESTN BANCORP INC COM 391416104 34,448 1,648,000 SH   SOLE   1,648,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 7,507 430,000 SH   SOLE   430,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 4,086 187,000 SH   SOLE   187,000 0 0
HMN FINL INC COM 40424G108 3,784 220,000 SH   SOLE   220,000 0 0
HOME BANCORP INC COM 43689E107 18,457 659,000 SH   SOLE   659,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,275 112,000 SH   SOLE   112,000 0 0
HOMETRUST BANCSHARES INC COM 437872104 3,047 158,000 SH   SOLE   158,000 0 0
INDEPENDENT BK CORP MICH COM NEW 453838609 27,547 1,491,000 SH   SOLE   1,491,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 51,755 828,000 SH   SOLE   828,000 0 0
KKR & CO INC COM 48251W104 208 5,000 SH   SOLE   5,000 0 0
LIMESTONE BANCORP INC COM 53262L105 1,402 112,000 SH   SOLE   112,000 0 0
MACKINAC FINL CORP COM 554571109 4,859 381,000 SH   SOLE   381,000 0 0
MFA FINL INC COM 55272X102 1,511 388,000 SH   SOLE   388,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 22,503 1,259,000 SH   SOLE   1,259,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 1,516 62,000 SH   SOLE   62,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 8,921 272,000 SH   SOLE   272,000 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 1,424 143,000 SH   SOLE   143,000 0 0
OCEANFIRST FINL CORP COM 675234108 51,069 2,741,000 SH   SOLE   2,741,000 0 0
OLD POINT FINL CORP COM 680194107 9,710 512,000 SH   SOLE   512,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 15,667 1,551,000 SH   SOLE   1,551,000 0 0
ONEMAIN HLDGS INC COM 68268W103 1,441 30,000 SH   SOLE   30,000 0 0
OWL ROCK CAPITAL CORPORATION COM 69121K104 236 19,000 SH   SOLE   19,000 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 1,122 17,000 SH   SOLE   17,000 0 0
PIONEER BANCORP INC COM 723561106 10,992 1,040,000 SH   SOLE   1,040,000 0 0
POPULAR INC COM NEW 733174700 1,255 22,000 SH   SOLE   22,000 0 0
PREMIER FINANCIAL CORP COM 74052F108 27,227 1,184,000 SH   SOLE   1,184,000 0 0
PROFESSIONAL HLDG CORP CL A COM 743139107 4,600 305,000 SH   SOLE   305,000 0 0
PROVIDENT FINL HLDGS INC COM 743868101 2,457 156,000 SH   SOLE   156,000 0 0
RANDOLPH BANCORP INC COM 752378109 11,964 542,000 SH   SOLE   542,000 0 0
REDWOOD TR INC COM 758075402 1,413 161,000 SH   SOLE   161,000 0 0
RENAISSANCERE HLDGS LTD COM G7496G103 1,335 8,000 SH   SOLE   8,000 0 0
RICHMOND MUT BANCORPORATION COM 76525P100 137 10,000 SH   SOLE   10,000 0 0
RIVERVIEW BANCORP INC COM 769397100 11,433 2,174,000 SH   SOLE   2,174,000 0 0
SELECT BANCORP INC NEW COM 81617L108 3,607 381,000 SH   SOLE   381,000 0 0
SHORE BANCSHARES INC COM 825107105 7,306 500,000 SH   SOLE   500,000 0 0
SOUND FINL BANCORP INC COM 83607A100 6,934 218,000 SH   SOLE   218,000 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 4,663 246,000 SH   SOLE   246,000 0 0
SOUTH ST CORP COM 840441109 6,303 87,000 SH   SOLE   87,000 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 3,212 91,000 SH   SOLE   91,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 21,523 707,000 SH   SOLE   707,000 0 0
STERLING BANCORP INC COM 85917W102 4,640 1,022,000 SH   SOLE   1,022,000 0 0
TELOS CORP MD COM 87969B101 1,879 57,000 SH   SOLE   57,000 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 16,326 695,000 SH   SOLE   695,000 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 9,126 443,000 SH   SOLE   443,000 0 0
VERITEX HLDGS INC COM 923451108 82,931 3,232,000 SH   SOLE   3,232,000 0 0
WESBANCO INC COM 950810101 7,642 255,000 SH   SOLE   255,000 0 0