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
ACNB CORP COM 000868109 760 21,750 SH   SOLE   21,750 0 0
BANC OF CALIFORNIA INC COM 05990K106 9,044 467,168 SH   SOLE   467,168 0 0
BANKFINANCIAL CORP COM 06643P104 722 69,724 SH   SOLE   69,724 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105 4,168 274,775 SH   SOLE   274,775 0 0
CALIFORNIA BANCORP INC COM 13005U101 708 30,790 SH   SOLE   30,790 0 0
CARTER BANKSHARES INC COM NEW 146103106 6,078 349,889 SH   SOLE   349,889 0 0
CB FINL SVCS INC COM 12479G101 4,315 179,046 SH   SOLE   179,046 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 2,773 183,495 SH   SOLE   183,495 0 0
CODORUS VY BANCORP INC COM 192025104 3,475 157,962 SH   SOLE   157,962 0 0
COLONY BANKCORP INC COM 19623P101 4,645 272,728 SH   SOLE   272,728 0 0
EAGLE BANCORP MONT INC COM 26942G100 1,834 108,612 SH   SOLE   108,612 0 0
F N B CORP COM 302520101 2,140 171,900 SH   SOLE   171,900 0 0
FIRST BANCORP N C COM 318910106 2,840 68,000 SH   SOLE   68,000 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 2,662 4,000 SH   SOLE   4,000 0 0
FIRST HORIZON CORPORATION COM 320517105 4,748 202,132 SH   SOLE   202,132 0 0
FIRST MERCHANTS CORP COM 320817109 416 10,000 SH   SOLE   10,000 0 0
FIRST NATL CORP COM 32106V107 6,409 280,460 SH   SOLE   280,460 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,918 86,848 SH   SOLE   86,848 0 0
FIRST SVGS FINL GROUP INC COM 33621E109 548 22,338 SH   SOLE   22,338 0 0
HANCOCK WHITNEY CORPORATION COM 410120109 7,417 142,218 SH   SOLE   142,218 0 0
HANMI FINL CORP COM NEW 410495204 1,387 56,351 SH   SOLE   56,351 0 0
HUNTINGTON BANCSHARES INC COM 446150104 2,988 204,355 SH   SOLE   204,355 0 0
INVESTAR HLDG CORP COM 46134L105 3,284 172,043 SH   SOLE   172,043 0 0
INVESTORS BANCORP INC NEW COM 46146L101 2,854 191,161 SH   SOLE   191,161 0 0
LEVEL ONE BANCORP INC COM 52730D208 1,398 35,000 SH   SOLE   35,000 0 0
MALVERN BANCORP INC COM 561409103 3,222 200,000 SH   SOLE   200,000 0 0
MERIDIAN CORPORATION COM 58958P104 5,616 175,000 SH   SOLE   175,000 0 0
MID PENN BANCORP INC COM 59540G107 5,078 159,984 SH   SOLE   159,984 0 0
MIDWEST HLDG INC COM NEW 59833J206 1,668 99,594 SH   SOLE   99,594 0 0
PACWEST BANCORP DEL COM 695263103 4,393 101,845 SH   SOLE   101,845 0 0
PEOPLES BANCORP N C INC COM 710577107 504 17,550 SH   SOLE   17,550 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 3,676 39,919 SH   SOLE   39,919 0 0
PRIMIS FINANCIAL CORP COM 74167B109 1,521 108,801 SH   SOLE   108,801 0 0
PROVIDENT FINL SVCS INC COM 74386T105 2,326 99,405 SH   SOLE   99,405 0 0
SB FINL GROUP INC COM 78408D105 5,290 265,710 SH   SOLE   265,710 0 0
SHORE BANCSHARES INC COM 825107105 1,896 92,572 SH   SOLE   92,572 0 0
SYNOVUS FINL CORP COM NEW 87161C501 4,278 87,313 SH   SOLE   87,313 0 0
TERRITORIAL BANCORP INC COM 88145X108 989 41,221 SH   SOLE   41,221 0 0
WEBSTER FINL CORP COM 947890109 4,547 81,025 SH   SOLE   81,025 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 1,300 145,419 SH   SOLE   145,419 0 0
WINTRUST FINL CORP COM 97650W108 3,253 35,000 SH   SOLE   35,000 0 0