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
AMERIS BANCORP COM 03076K108 10,395 247,497 SH   SOLE   247,497 0 0
BANC OF CALIFORNIA COM 05990K106 54,325 3,401,719 SH   SOLE   3,401,719 0 0
BANK MARIN BANCORP COM 063425102 100 3,337 SH   SOLE   3,337 0 0
BAYCOM COM 07272M107 1,406 80,000 SH   SOLE   80,000 0 0
CAPITAL ONE FINL COM 14040H105 8,318 95,050 SH   SOLE   95,050 0 0
CITIGROUP COM 172967424 5,003 120,068 SH   SOLE   120,068 0 0
CITIZENS FINL GROUP COM 174610105 10,464 304,553 SH   SOLE   304,553 0 0
CODORUS VY BANCORP COM 192025104 1,829 97,102 SH   SOLE   97,102 0 0
COMERICA COM 200340107 1,564 29,000 SH   SOLE   29,000 0 0
COMMUNITY WEST BANCSHARES COM 204157101 8,142 632,075 SH   SOLE   632,075 0 0
ENTERPRISE FINL SVCS COM 293712105 33,073 767,970 SH   SOLE   767,970 0 0
EVANS BANCORP COM NEW 29911Q208 19,155 543,649 SH   SOLE   543,649 0 0
F N B COM 302520101 21,376 1,884,765 SH   SOLE   1,884,765 0 0
FIFTH THIRD BANCORP COM 316773100 3,198 100,075 SH   SOLE   100,075 0 0
FINANCIAL INSTNS COM 317585404 2,407 125,000 SH   SOLE   125,000 0 0
FINWARD BANCORP COM 31812F109 3,375 99,227 SH   SOLE   99,227 0 0
FIRST FINL BANCORP OH COM 320209109 2,013 95,490 SH   SOLE   95,490 0 0
FIRST HORIZON CORPORATION COM 320517105 5,725 250,000 SH   SOLE   250,000 0 0
FIRST INTERNET BANCORP COM 320557101 609 18,000 SH   SOLE   18,000 0 0
FIRST MERCHANTS COM 320817109 29,062 763,333 SH   SOLE   763,333 0 0
HARBORONE BANCORP INC. COM NEW 41165Y100 537 40,000 SH   SOLE   40,000 0 0
HAWTHORN BANCSHARES COM 420476103 7,155 355,448 SH   SOLE   355,448 0 0
HORIZON BANCORP COM 440407104 35,884 2,053,870 SH   SOLE   2,053,870 0 0
HUNTINGTON BANCSHARES COM 446150104 3,493 265,000 SH   SOLE   265,000 0 0
INDEPENDENT BK MICH COM 453838609 6,513 359,985 SH   SOLE   359,985 0 0
KEYCORP COM 493267108 3,605 225,000 SH   SOLE   225,000 0 0
LAKELAND BANCORP COM 511637100 1,601 130,000 SH   SOLE   130,000 0 0
LUMENT FINANCE TRUST COM 55025L108 3,405 1,576,518 SH   SOLE   1,576,518 0 0
MAGYAR BANCORP COM 55977T208 3,960 318,557 SH   SOLE   318,557 0 0
MALVERN BANCORP COM 561409103 10,727 753,961 SH   SOLE   753,961 0 0
MEDALLION FINL COM 583928106 351 50,000 SH   SOLE   50,000 0 0
MERCHANTS BANCORP IND COM 58844R108 4,517 214,794 SH   SOLE   214,794 0 0
NEW YORK CMNTY BANCORP COM 649445103 2,559 350,000 SH   SOLE   350,000 0 0
OLD POINT FINL COM 680194107 16,770 625,246 SH   SOLE   625,246 0 0
PRIMIS FINANCIAL COM 74167B109 6,189 541,259 SH   SOLE   541,259 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 1,510 10,000 SH   SOLE   10,000 0 0
SOUTHERN FIRST BANCSHARES INC COM 842873101 542 13,000 SH   SOLE   13,000 0 0
SYNCHRONY FINANCIAL COM 87165B103 7,685 288,600 SH   SOLE   288,600 0 0
UMPQUA HLDGS COM 904214103 427 25,000 SH   SOLE   25,000 0 0
WEBSTER FINL COM 947890109 1,781 54,002 SH   SOLE   54,002 0 0
ZIONS BANCORPORATION N A COM 989701107 1,017 29,000 SH   SOLE   29,000 0 0