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
Expires: July 31, 2015
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
ALERUS FINANCIAL CORPORATION COM 01446U103 4,494,918 243,495 SH SOLE 243,495 0 0
AMERANT BANCORP INC COM 023576101 2,763,056 133,869 SH SOLE 133,869 0 0
AMERICAN BUSINESS BK LA CALIF COM 02475L105 7,408,053 165,951 SH SOLE 165,951 0 0
ARROW FINANCIAL CORPORATION COM 042744102 5,160,254 196,282 SH SOLE 196,282 0 0
ASSOCIATED BANC-CORP COM 045487105 23,089,195 1,024,820 SH SOLE 1,024,820 0 0
BANC OF CALIFORNIA INC COM 05990K106 7,028,648 495,324 SH SOLE 495,324 0 0
C&F FINL CORP COM 12466Q104 1,516,679 22,506 SH SOLE 22,506 0 0
CF BANKSHARES INC COM 12520L109 3,912,695 177,527 SH SOLE 177,527 0 0
COMERICA INCORPORATED COM 200340107 23,190,618 392,662 SH SOLE 392,662 0 0
F.N.B. CORPORATION COM 302520101 19,989,619 1,486,217 SH SOLE 1,486,217 0 0
FINANCIAL INSTITUTIONS, INC. COM 317585404 7,814,527 313,082 SH SOLE 313,082 0 0
FIRST COMMUNITY CORPORATION COM 319835104 365,968 16,222 SH SOLE 16,222 0 0
FIRST WESTERN FINANCIAL INC. COM 33751L105 4,435,202 225,710 SH SOLE 225,710 0 0
FVCBANKCORP INC COM 36120Q101 2,070,938 195,926 SH SOLE 195,926 0 0
HANMI FINANCIAL CO COM 410495204 14,189,443 626,189 SH SOLE 626,189 0 0
HANOVER BANCORP INC COM 410710206 3,470,269 158,243 SH SOLE 158,243 0 0
HARBORONE BANCORP INC COM 41165Y100 1,406,224 135,605 SH SOLE 135,605 0 0
HAWTHORN BANCSHARE COM 420476103 610,022 21,609 SH SOLE 21,609 0 0
HERITAGE COMMERCE CORP COM 426927109 5,221,787 548,507 SH SOLE 548,507 0 0
HOPE BANCORP INC COM 43940T109 13,854,804 1,323,286 SH SOLE 1,323,286 0 0
HORIZON BANCORP INC COM 440407104 8,103,434 537,363 SH SOLE 537,363 0 0
INVESTAR HOLDING CORP COM 46134L105 2,767,429 157,151 SH SOLE 157,151 0 0
KEARNY FINANCIAL C COM 48716P108 4,001,912 639,283 SH SOLE 639,283 0 0
KEYCORP COM 493267108 31,254,933 1,954,655 SH SOLE 1,954,655 0 0
KKR REAL ESTATE FINANCE TRUST INC COM 48251K100 3,204,014 296,668 SH SOLE 296,668 0 0
LENDING CLUB CORPORATION COM 52603A208 4,947,470 479,406 SH SOLE 479,406 0 0
M&T BANK CORP COM 55261F104 11,249,095 62,932 SH SOLE 62,932 0 0
NATIONAL BANKSHARE COM 634865109 3,161,620 118,724 SH SOLE 118,724 0 0
OP BANCORP COM 67109R109 4,704,508 391,390 SH SOLE 391,390 0 0
ORIGIN BANCORP INC COM 68621T102 17,273,079 498,214 SH SOLE 498,214 0 0
PCB BANK COM 69320M109 10,526,920 562,636 SH SOLE 562,636 0 0
PNC FINANCIAL SERVICES GRP INC COM 693475105 4,929,470 28,045 SH SOLE 28,045 0 0
POPULAR, INC. COM 733174700 24,727,634 267,702 SH SOLE 267,702 0 0
PRIMIS FINANCIAL CORP COM 74167B109 6,818,473 697,899 SH SOLE 697,899 0 0
RBB BANCORP COM 74930B105 4,380,800 265,503 SH SOLE 265,503 0 0
RBS CITIZENS FINANCIAL GROUP INC COM 174610105 21,048,419 513,752 SH SOLE 513,752 0 0
SIMMONS FIRST NATL COM 828730200 16,782,782 817,476 SH SOLE 817,476 0 0
SOUTHERN FIRST BAN COM 842873101 6,917,183 210,121 SH SOLE 210,121 0 0
TERRITORIAL BANCOR COM 88145X108 42,244 5,041 SH SOLE 5,041 0 0
TRUIST FINANCIAL CORP COM 89832Q109 34,302,558 833,598 SH SOLE 833,598 0 0
UNITED SECURITY BS COM 911460103 229,125 25,572 SH SOLE 25,572 0 0
VERSABANK NEW COM 92512J106 9,770,143 943,064 SH SOLE 943,064 0 0
WAFD INC COM 938824109 5,359,836 187,538 SH SOLE 187,538 0 0
WATERSTONE FINANCIAL INC MD COM 94188P101 7,471,650 555,513 SH SOLE 555,513 0 0
WESTERN ALLIANCE BANCORPORATION COM 957638109 9,237,040 120,227 SH SOLE 120,227 0 0