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 2,438 138,455 SH   SOLE   138,455 0 0
1ST SOURCE CORP COM 336901103 246 5,179 SH   SOLE   5,179 0 0
AMERICAN RIVER BANKSHARES COM 029326105 556 34,116 SH   SOLE   34,116 0 0
AMERISERV FINL INC COM 03074A102 2,342 576,782 SH   SOLE   576,782 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 6,413 266,116 SH   SOLE   266,116 0 0
BANK COMM HLDGS COM 06424J103 6,021 472,243 SH   SOLE   472,243 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 365 25,871 SH   SOLE   25,871 0 0
BANK PRINCETON NEW JERSEY COM 064520109 2,079 72,626 SH   SOLE   72,626 0 0
BANKFINANCIAL CORP COM 06643P104 2,246 217,649 SH   SOLE   217,649 0 0
BANKWELL FINL GROUP INC COM 06654A103 1,904 70,663 SH   SOLE   70,663 0 0
BANNER CORP COM NEW 06652V208 6,803 127,573 SH   SOLE   127,573 0 0
BAYCOM CORP COM 07272M107 2,381 132,123 SH   SOLE   132,123 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 8,486 380,199 SH   SOLE   380,199 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105 1,142 52,037 SH   SOLE   52,037 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 800 53,338 SH   SOLE   53,338 0 0
BYLINE BANCORP INC COM 124411109 726 34,327 SH   SOLE   34,327 0 0
C & F FINL CORP COM 12466Q104 1,789 40,398 SH   SOLE   40,398 0 0
CADENCE BANCORPORATION CL A 12739A100 4,156 200,495 SH   SOLE   200,495 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 10,038 581,939 SH   SOLE   581,939 0 0
CARTER BK & TR MARTINSVILLE COM 146102108 2,998 214,774 SH   SOLE   214,774 0 0
CB FINL SVCS INC COM 12479G101 491 22,198 SH   SOLE   22,198 0 0
CBM BANCORP INC COM 1248XT104 307 21,868 SH   SOLE   21,868 0 0
CENTRAL PAC FINL CORP COM NEW 154760409 335 12,557 SH   SOLE   12,557 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 4,030 218,905 SH   SOLE   218,905 0 0
CF BANKSHARES INC COM 12520L109 1,327 66,503 SH   SOLE   66,503 0 0
CHEMUNG FINL CORP COM 164024101 437 10,460 SH   SOLE   10,460 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 448 36,079 SH   SOLE   36,079 0 0
CITIZENS FINL GROUP INC COM 174610105 1,733 39,261 SH   SOLE   39,261 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 3,288 143,330 SH   SOLE   143,330 0 0
CODORUS VY BANCORP INC COM 192025104 1,183 64,277 SH   SOLE   64,277 0 0
COLONY BANKCORP INC COM 19623P101 832 53,340 SH   SOLE   53,340 0 0
COLUMBIA FINL INC COM 197641103 1,969 112,667 SH   SOLE   112,667 0 0
COMERICA INC COM 200340107 524 7,300 SH   SOLE   7,300 0 0
COMMUNITY BANKERS TR CORP COM 203612106 3,297 373,865 SH   SOLE   373,865 0 0
COMMUNITY FINL CORP MD COM 20368X101 4,783 139,653 SH   SOLE   139,653 0 0
COMMUNITY WEST BANCSHARES COM 204157101 932 72,568 SH   SOLE   72,568 0 0
COUNTY BANCORP INC COM 221907108 1,102 45,977 SH   SOLE   45,977 0 0
CUSTOMERS BANCORP INC COM 23204G100 13,498 424,194 SH   SOLE   424,194 0 0
EAGLE BANCORP MONT INC COM 26942G100 1,168 48,017 SH   SOLE   48,017 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 2,073 63,733 SH   SOLE   63,733 0 0
FAUQUIER BANKSHARES INC COM 312059108 354 16,612 SH   SOLE   16,612 0 0
FFBW INC COM 30258M107 834 74,174 SH   SOLE   74,174 0 0
FINANCIAL INSTNS INC COM 317585404 6,629 218,859 SH   SOLE   218,859 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 3,206 263,444 SH   SOLE   263,444 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 3,412 137,955 SH   SOLE   137,955 0 0
FIRST BUSEY CORP COM NEW 319383204 328 12,777 SH   SOLE   12,777 0 0
FIRST CHOICE BANCORP COM 31948P104 4,183 172,081 SH   SOLE   172,081 0 0
FIRST CMNTY CORP S C COM 319835104 1,447 72,515 SH   SOLE   72,515 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 170 11,812 SH   SOLE   11,812 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,543 178,479 SH   SOLE   178,479 0 0
FIRST FINL CORP IND COM 320218100 5,832 129,567 SH   SOLE   129,567 0 0
FIRST GTY BANCSHARES INC COM 32043P106 756 42,184 SH   SOLE   42,184 0 0
FIRST LONG IS CORP COM 320734106 1,704 80,178 SH   SOLE   80,178 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 1,435 65,504 SH   SOLE   65,504 0 0
FIRST NATL CORP COM 32106V107 262 15,049 SH   SOLE   15,049 0 0
FIRST NORTHWEST BANCORP COM 335834107 2,457 147,847 SH   SOLE   147,847 0 0
FIRST SVGS FINL GROUP INC COM 33621E109 245 3,649 SH   SOLE   3,649 0 0
FIRST US BANCSHARES INC COM 33744V103 877 94,259 SH   SOLE   94,259 0 0
FIRST WESTN FINL INC COM 33751L105 629 25,142 SH   SOLE   25,142 0 0
FLUSHING FINL CORP COM 343873105 3,273 154,176 SH   SOLE   154,176 0 0
FNCB BANCORP INC COM 302578109 282 37,386 SH   SOLE   37,386 0 0
FRANKLIN FINL SVCS CORP COM 353525108 223 7,154 SH   SOLE   7,154 0 0
FS BANCORP INC COM 30263Y104 6,806 101,278 SH   SOLE   101,278 0 0
FULTON FINL CORP PA COM 360271100 272 16,000 SH   SOLE   16,000 0 0
GLEN BURNIE BANCORP COM 377407101 391 33,850 SH   SOLE   33,850 0 0
GREAT SOUTHN BANCORP INC COM 390905107 2,569 45,330 SH   SOLE   45,330 0 0
GREAT WESTN BANCORP INC COM 391416104 11,305 373,227 SH   SOLE   373,227 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 905 46,793 SH   SOLE   46,793 0 0
HEARTLAND FINL USA INC COM 42234Q102 1,211 24,097 SH   SOLE   24,097 0 0
HERITAGE COMMERCE CORP COM 426927109 6,376 521,749 SH   SOLE   521,749 0 0
HILLTOP HOLDINGS INC COM 432748101 7,690 225,310 SH   SOLE   225,310 0 0
HMN FINL INC COM 40424G108 600 29,819 SH   SOLE   29,819 0 0
HOME BANCORP INC COM 43689E107 1,698 47,109 SH   SOLE   47,109 0 0
HOMETRUST BANCSHARES INC COM 437872104 2,805 115,196 SH   SOLE   115,196 0 0
HORIZON BANCORP INC COM 440407104 449 24,142 SH   SOLE   24,142 0 0
IF BANCORP INC COM 44951J105 242 11,265 SH   SOLE   11,265 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 10,838 233,469 SH   SOLE   233,469 0 0
INVESTORS BANCORP INC NEW COM 46146L101 468 31,831 SH   SOLE   31,831 0 0
KEARNY FINL CORP MD COM 48716P108 310 25,645 SH   SOLE   25,645 0 0
LAKELAND BANCORP INC COM 511637100 3,097 177,672 SH   SOLE   177,672 0 0
LIMESTONE BANCORP INC COM 53262L105 851 53,679 SH   SOLE   53,679 0 0
MACATAWA BK CORP COM 554225102 645 64,827 SH   SOLE   64,827 0 0
MACKINAC FINL CORP COM 554571109 1,466 104,586 SH   SOLE   104,586 0 0
MAINSTREET BANCSHARES INC COM 56064Y100 441 21,221 SH   SOLE   21,221 0 0
MALVERN BANCORP INC COM 561409103 1,225 65,791 SH   SOLE   65,791 0 0
MERCANTILE BANK CORP COM 587376104 374 11,510 SH   SOLE   11,510 0 0
MERIDIAN BANCORP INC MD COM 58958U103 2,478 134,503 SH   SOLE   134,503 0 0
METROPOLITAN BK HLDG CORP COM 591774104 417 8,271 SH   SOLE   8,271 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 466 16,792 SH   SOLE   16,792 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 2,279 73,589 SH   SOLE   73,589 0 0
NORTHEAST BANCORP COM NEW 663904209 2,203 83,487 SH   SOLE   83,487 0 0
NORTHWEST BANCSHARES INC MD COM 667340103 267 18,490 SH   SOLE   18,490 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 488 28,442 SH   SOLE   28,442 0 0
OP BANCORP COM 67109R109 4,598 437,114 SH   SOLE   437,114 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 5,814 653,212 SH   SOLE   653,212 0 0
PACWEST BANCORP DEL COM 695263103 9,064 237,601 SH   SOLE   237,601 0 0
PARKE BANCORP INC COM 700885106 4,865 243,393 SH   SOLE   243,393 0 0
PCB BANCORP COM 69320M109 2,848 189,862 SH   SOLE   189,862 0 0
PCSB FINL CORP COM 69324R104 204 12,270 SH   SOLE   12,270 0 0
PDL CMNTY BANCORP COM 69290X101 124 11,137 SH   SOLE   11,137 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 2,773 89,805 SH   SOLE   89,805 0 0
PEOPLES BANCORP N C INC COM 710577107 233 9,858 SH   SOLE   9,858 0 0
PEOPLES FINL SVCS CORP COM 711040105 346 8,187 SH   SOLE   8,187 0 0
PLUMAS BANCORP COM 729273102 734 25,082 SH   SOLE   25,082 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,933 104,005 SH   SOLE   104,005 0 0
PROVIDENT BANCORP INC COM 74383X109 2,283 158,526 SH   SOLE   158,526 0 0
PROVIDENT FINL SVCS INC COM 74386T105 3,765 169,004 SH   SOLE   169,004 0 0
QCR HOLDINGS INC COM 74727A104 551 11,671 SH   SOLE   11,671 0 0
RANDOLPH BANCORP INC COM 752378109 2,940 147,023 SH   SOLE   147,023 0 0
RBB BANCORP COM 74930B105 4,593 226,600 SH   SOLE   226,600 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 7,097 1,882,399 SH   SOLE   1,882,399 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 845 80,858 SH   SOLE   80,858 0 0
S & T BANCORP INC COM 783859101 317 9,473 SH   SOLE   9,473 0 0
SB FINL GROUP INC COM 78408D105 931 50,995 SH   SOLE   50,995 0 0
SELECT BANCORP INC NEW COM 81617L108 2,494 225,318 SH   SOLE   225,318 0 0
SHORE BANCSHARES INC COM 825107105 1,664 97,753 SH   SOLE   97,753 0 0
SIERRA BANCORP COM 82620P102 3,099 115,630 SH   SOLE   115,630 0 0
SMARTFINANCIAL INC COM NEW 83190L208 3,180 146,877 SH   SOLE   146,877 0 0
SOUND FINL BANCORP INC COM 83607A100 1,554 37,318 SH   SOLE   37,318 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 356 15,651 SH   SOLE   15,651 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 1,208 74,022 SH   SOLE   74,022 0 0
TERRITORIAL BANCORP INC COM 88145X108 252 9,512 SH   SOLE   9,512 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 5,778 81,467 SH   SOLE   81,467 0 0
TIMBERLAND BANCORP INC COM 887098101 1,562 56,163 SH   SOLE   56,163 0 0
TRUSTCO BK CORP N Y COM 898349105 225 30,537 SH   SOLE   30,537 0 0
TRUSTMARK CORP COM 898402102 213 6,316 SH   SOLE   6,316 0 0
UMPQUA HLDGS CORP COM 904214103 1,847 105,214 SH   SOLE   105,214 0 0
UNITED BANCSHARES INC OHIO COM 909458101 307 12,141 SH   SOLE   12,141 0 0
UNITY BANCORP INC COM 913290102 431 19,579 SH   SOLE   19,579 0 0
WESBANCO INC COM 950810101 912 25,292 SH   SOLE   25,292 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 1,621 192,261 SH   SOLE   192,261 0 0
WINTRUST FINL CORP COM 97650W108 10,237 135,057 SH   SOLE   135,057 0 0
WVS FINL CORP COM 929358109 203 12,878 SH   SOLE   12,878 0 0
ZIONS BANCORPORATION N A COM 989701107 785 14,275 SH   SOLE   14,275 0 0