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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1895 BANCORP OF WIS INC COM 28253R105   501,420 50,142 SH   SOLE   50,142 0 0
AFFINITY BANCSHARES INC COM 00832E103   348,206 23,060 SH   SOLE   23,060 0 0
AMERISERV FINL INC COM 03074A102   533,716 135,461 SH   SOLE   135,461 0 0
BANC OF CALIFORNIA INC COM 05990K106   7,336,163 460,525 SH   SOLE   460,525 0 0
BANK OF THE JAMES FINL GP IN COM 470299108   530,853 44,572 SH   SOLE   44,572 0 0
BANK PRINCETON NEW JERSEY COM 064520109   2,779,719 87,633 SH   SOLE   87,633 0 0
BANKFINANCIAL CORP COM 06643P104   1,742,368 165,467 SH   SOLE   165,467 0 0
BANKWELL FINL GROUP INC COM 06654A103   1,408,814 47,870 SH   SOLE   47,870 0 0
BAYCOM CORP COM 07272M107   3,748,284 197,486 SH   SOLE   197,486 0 0
BCB BANCORP INC COM 055298103   1,830,339 101,742 SH   SOLE   101,742 0 0
BLUE FOUNDRY BANCORP COM 09549B104   851,415 66,258 SH   SOLE   66,258 0 0
BOGOTA FINL CORP COM 097235105   522,352 46,722 SH   SOLE   46,722 0 0
BYLINE BANCORP INC COM 124411109   596,875 25,985 SH   SOLE   25,985 0 0
C & F FINL CORP COM 12466Q104   1,985,842 34,080 SH   SOLE   34,080 0 0
CAPSTAR FINL HLDGS INC COM 14070T102   3,764,600 213,171 SH   SOLE   213,171 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100   394,732 18,637 SH   SOLE   18,637 0 0
CF BANKSHARES INC COM 12520L109   1,535,974 72,520 SH   SOLE   72,520 0 0
CHEMUNG FINL CORP COM 164024101   534,752 11,658 SH   SOLE   11,658 0 0
CHOICEONE FINL SVCS INC COM 170386106   258,390 8,910 SH   SOLE   8,910 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104   497,176 41,328 SH   SOLE   41,328 0 0
CITIZENS HLDG CO MISS COM 174715102   344,363 25,136 SH   SOLE   25,136 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107   666,573 30,285 SH   SOLE   30,285 0 0
CNB FINL CORP PA COM 126128107   1,238,912 52,077 SH   SOLE   52,077 0 0
CODORUS VY BANCORP INC COM 192025104   1,310,714 55,072 SH   SOLE   55,072 0 0
COLONY BANKCORP INC COM 19623P101   201,631 15,889 SH   SOLE   15,889 0 0
COLUMBIA FINL INC COM 197641103   582,140 26,926 SH   SOLE   26,926 0 0
COMMUNITY FINL CORP MD COM 20368X101   5,064,826 126,938 SH   SOLE   126,938 0 0
COMMUNITY WEST BANCSHARES COM 204157101   931,089 62,197 SH   SOLE   62,197 0 0
CONNECTONE BANCORP INC COM 20786W107   382,324 15,792 SH   SOLE   15,792 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   1,718,756 53,998 SH   SOLE   53,998 0 0
EAGLE BANCORP INC MD COM 268948106   203,119 4,609 SH   SOLE   4,609 0 0
EAGLE BANCORP MONT INC COM 26942G100   911,408 56,399 SH   SOLE   56,399 0 0
ENTERPRISE BANCORP INC MASS COM 293668109   2,314,056 65,554 SH   SOLE   65,554 0 0
FFBW INC MD COM 30260M103   595,245 51,270 SH   SOLE   51,270 0 0
FINANCIAL INSTNS INC COM 317585404   3,864,738 158,651 SH   SOLE   158,651 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102   3,685,107 267,813 SH   SOLE   267,813 0 0
FIRST CAP INC COM 31942S104   561,146 22,536 SH   SOLE   22,536 0 0
FIRST CMNTY CORP S C COM 319835104   1,573,388 71,877 SH   SOLE   71,877 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102   2,482,665 165,732 SH   SOLE   165,732 0 0
FIRST FINL CORP IND COM 320218100   3,592,212 77,956 SH   SOLE   77,956 0 0
FIRST FNDTN INC COM 32026V104   2,908,173 202,943 SH   SOLE   202,943 0 0
FIRST LONG IS CORP COM 320734106   1,781,154 98,953 SH   SOLE   98,953 0 0
FIRST NATL CORP COM 32106V107   428,935 25,040 SH   SOLE   25,040 0 0
FIRST NORTHWEST BANCORP COM 335834107   1,549,240 100,862 SH   SOLE   100,862 0 0
FIRST SEACOAST BANCORP COM 33631P102   460,807 48,252 SH   SOLE   48,252 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   671,200 33,560 SH   SOLE   33,560 0 0
FIRST US BANCSHARES INC COM 33744V103   794,732 91,559 SH   SOLE   91,559 0 0
FIRST UTD CORP COM 33741H107   223,126 11,355 SH   SOLE   11,355 0 0
FLUSHING FINL CORP COM 343873105   2,655,254 137,010 SH   SOLE   137,010 0 0
FNCB BANCORP INC COM 302578109   677,448 82,515 SH   SOLE   82,515 0 0
FRANKLIN FINL SVCS CORP COM 353525108   474,751 13,151 SH   SOLE   13,151 0 0
FS BANCORP INC COM 30263Y104   6,174,629 184,648 SH   SOLE   184,648 0 0
GENERATIONS BANCORP NY INC COM 37149G108   236,930 21,938 SH   SOLE   21,938 0 0
GLEN BURNIE BANCORP COM 377407101   189,252 22,774 SH   SOLE   22,774 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   1,350,955 97,191 SH   SOLE   97,191 0 0
HILLTOP HOLDINGS INC COM 432748101   4,982,890 166,041 SH   SOLE   166,041 0 0
HMN FINL INC COM 40424G108   844,082 39,554 SH   SOLE   39,554 0 0
HOME BANCORP INC COM 43689E107   1,290,047 32,227 SH   SOLE   32,227 0 0
HORIZON BANCORP INC COM 440407104   887,925 58,881 SH   SOLE   58,881 0 0
HV BANCORP INC COM 40441H105   438,175 15,407 SH   SOLE   15,407 0 0
IF BANCORP INC COM 44951J105   191,837 11,121 SH   SOLE   11,121 0 0
INDEPENDENT BK CORP MICH COM NEW 453838609   1,233,602 51,572 SH   SOLE   51,572 0 0
INTERNATIONAL BANCSHARES COR COM 459044103   2,005,478 43,826 SH   SOLE   43,826 0 0
KEARNY FINL CORP MD COM 48716P108   669,514 65,962 SH   SOLE   65,962 0 0
KENTUCKY FIRST FED BANCORP COM 491292108   138,701 20,826 SH   SOLE   20,826 0 0
LAKE SHORE BANCORP INC COM 510700107   234,399 19,420 SH   SOLE   19,420 0 0
LAKELAND BANCORP INC COM 511637100   5,937,282 337,154 SH   SOLE   337,154 0 0
LIMESTONE BANCORP INC COM 53262L105   897,411 36,749 SH   SOLE   36,749 0 0
MACATAWA BK CORP COM 554225102   2,887,058 261,746 SH   SOLE   261,746 0 0
MAGYAR BANCORP INC COM 55977T208   356,063 27,774 SH   SOLE   27,774 0 0
MAINSTREET BANCSHARES INC COM 56064Y100   854,966 31,101 SH   SOLE   31,101 0 0
MALVERN BANCORP INC COM 561409103   829,546 46,735 SH   SOLE   46,735 0 0
MERCANTILE BANK CORP COM 587376104   942,328 28,146 SH   SOLE   28,146 0 0
MERIDIAN CORPORATION COM 58958P104   482,156 15,918 SH   SOLE   15,918 0 0
MID PENN BANCORP INC COM 59540G107   333,806 11,138 SH   SOLE   11,138 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103   2,484,279 78,245 SH   SOLE   78,245 0 0
NORTHEAST CMNTY BANCORP INC COM 664121100   2,572,700 172,433 SH   SOLE   172,433 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108   1,381,550 87,829 SH   SOLE   87,829 0 0
NSTS BANCORP INC COM 6293JP109   105,514 10,416 SH   SOLE   10,416 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105   995,966 43,972 SH   SOLE   43,972 0 0
OP BANCORP COM 67109R109   3,804,991 340,949 SH   SOLE   340,949 0 0
OPTIMUMBANK HLDGS INC COM 68401P403   216,512 52,937 SH   SOLE   52,937 0 0
ORRSTOWN FINL SVCS INC COM 687380105   390,871 16,877 SH   SOLE   16,877 0 0
PACWEST BANCORP DEL COM 695263103   9,230,306 402,192 SH   SOLE   402,192 0 0
PARKE BANCORP INC COM 700885106   4,151,111 200,150 SH   SOLE   200,150 0 0
PARTNERS BANCORP COM 70213Q108   7,242,439 817,431 SH   SOLE   817,431 0 0
PCB BANCORP COM 69320M109   1,930,580 109,134 SH   SOLE   109,134 0 0
PCSB FINL CORP COM 69324R104   9,722,890 510,656 SH   SOLE   510,656 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107   676,920 18,187 SH   SOLE   18,187 0 0
PEOPLES BANCORP N C INC COM 710577107   338,624 10,400 SH   SOLE   10,400 0 0
PIONEER BANCORP INC MD COM 723561106   1,008,045 88,425 SH   SOLE   88,425 0 0
PONCE FINANCIAL GROUP INC COMMON STOCK 732344106   499,710 53,617 SH   SOLE   53,617 0 0
PRIMIS FINANCIAL CORP COM 74167B109   4,024,698 339,637 SH   SOLE   339,637 0 0
PROVIDENT BANCORP INC COM NEW 74383L105   2,399,277 329,571 SH   SOLE   329,571 0 0
RBB BANCORP COM 74930B105   4,169,020 199,953 SH   SOLE   199,953 0 0
REPUBLIC FIRST BANCORP INC COM 760416107   3,590,481 1,669,991 SH   SOLE   1,669,991 0 0
RHINEBECK BANCORP INC COM 762093102   192,649 21,147 SH   SOLE   21,147 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   205,363 15,785 SH   SOLE   15,785 0 0
SB FINL GROUP INC COM 78408D105   726,189 42,843 SH   SOLE   42,843 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   27,200,000 850,000 SH Put SOLE   850,000 0 0
SHORE BANCSHARES INC COM 825107105   1,708,889 98,043 SH   SOLE   98,043 0 0
SIERRA BANCORP COM 82620P102   2,948,431 138,815 SH   SOLE   138,815 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104   1,113,947 9,668 SH   SOLE   9,668 0 0
SMARTFINANCIAL INC COM NEW 83190L208   3,565,678 129,661 SH   SOLE   129,661 0 0
SOUND FINL BANCORP INC COM 83607A100   916,208 23,331 SH   SOLE   23,331 0 0
SOUTHERN STS BANCSHARES INC COM 843878307   1,760,884 60,825 SH   SOLE   60,825 0 0
SUMMIT FINL GROUP INC COM 86606G101   811,738 32,613 SH   SOLE   32,613 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203   1,033,115 65,387 SH   SOLE   65,387 0 0
TC BANCSHARES INC COM 87224V108   182,927 12,277 SH   SOLE   12,277 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107   8,067,427 133,766 SH   SOLE   133,766 0 0
THIRD COAST BANCSHARES INC COM 88422P109   467,846 25,385 SH   SOLE   25,385 0 0
TIMBERLAND BANCORP INC COM 887098101   377,137 11,050 SH   SOLE   11,050 0 0
UNITED SEC BANCSHARES CALIF COM 911460103   138,188 18,904 SH   SOLE   18,904 0 0
UNITY BANCORP INC COM 913290102   998,119 36,521 SH   SOLE   36,521 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103   666,039 18,168 SH   SOLE   18,168 0 0
WESTERN NEW ENG BANCORP INC COM 958892101   2,450,036 258,989 SH   SOLE   258,989 0 0