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
AMALGAMATED FINANCIAL CORP COM 022671101 2,247,648 72,040 SH SOLE 72,040 0 0
AMES NATL CORP COM 031001100 1,912,527 107,385 SH SOLE 107,385 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 2,377,906 76,020 SH SOLE 76,020 0 0
BANK MARIN BANCORP COM 063425102 4,724,568 206,855 SH SOLE 206,855 0 0
BAR HBR BANKSHARES COM 066849100 2,145,825 71,623 SH SOLE 71,623 0 0
BLUE RIDGE BANKSHARES INC VA COM 095825105 2,876,337 803,446 SH SOLE 803,446 0 0
CAPITAL BANCORP INC MD COM 139737100 3,467,639 103,265 SH SOLE 103,265 0 0
CITIZENS FINL GROUP INC COM 174610105 3,505,268 78,330 SH SOLE 78,330 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 2,400,875 103,486 SH SOLE 103,486 0 0
CNB FINL CORP PA COM 126128107 1,519,230 66,458 SH SOLE 66,458 0 0
COASTAL FINL CORP WA COM NEW 19046P209 3,808,057 39,311 SH SOLE 39,311 0 0
CONNECTONE BANCORP INC COM 20786W107 2,205,272 95,219 SH SOLE 95,219 0 0
DIME CMNTY BANCSHARES INC COM 25432X102 2,527,349 93,814 SH SOLE 93,814 0 0
EAST WEST BANCORP INC COM 27579R104 3,453,516 34,200 SH SOLE 34,200 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 2,333,044 42,342 SH SOLE 42,342 0 0
ESQUIRE FINL HLDGS INC COM 29667J101 2,348,136 24,806 SH SOLE 24,806 0 0
FIRST CMNTY CORP S C COM 319835104 2,415,570 99,080 SH SOLE 99,080 0 0
FIRST SEACOAST BANCORP INC COM 33631F104 1,423,750 125,000 SH SOLE 125,000 0 0
HOMETRUST BANCSHARES INC COM 437872104 2,033,271 54,351 SH SOLE 54,351 0 0
HUNTINGTON BANCSHARES INC COM 446150104 3,569,880 213,000 SH SOLE 213,000 0 0
JOHN MARSHALL BANCORP INC COM 47805L101 1,951,932 105,339 SH SOLE 105,339 0 0
M & T BK CORP COM 55261F104 2,638,264 13,600 SH SOLE 13,600 0 0
MIDDLEFIELD BANC CORP COM NEW 596304204 2,598,704 86,307 SH SOLE 86,307 0 0
NORTHRIM BANCORP INC COM 666762109 2,384,378 25,567 SH SOLE 25,567 0 0
OFG BANCORP COM 67103X102 2,127,973 49,719 SH SOLE 49,719 0 0
OLD NATL BANCORP IND COM 680033107 3,043,084 142,600 SH SOLE 142,600 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,684,044 151,299 SH SOLE 151,299 0 0
PEOPLES BANCORP INC COM 709789101 1,957,614 64,100 SH SOLE 64,100 0 0
PLUMAS BANCORP COM 729273102 2,390,970 53,778 SH SOLE 53,778 0 0
QCR HOLDINGS INC COM 74727A104 5,642,490 83,100 SH SOLE 83,100 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 1,684,185 60,977 SH SOLE 60,977 0 0
SMARTFINANCIAL INC COM NEW 83190L208 2,731,653 80,866 SH SOLE 80,866 0 0
SYNOVUS FINL CORP COM NEW 87161C501 3,441,375 66,500 SH SOLE 66,500 0 0
TEXAS CAP BANCSHARES INC COM 88224Q107 1,406,730 17,717 SH SOLE 17,717 0 0
UMB FINL CORP COM 902788108 3,081,398 29,302 SH SOLE 29,302 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 1,465,427 88,599 SH SOLE 88,599 0 0
VALLEY NATL BANCORP COM 919794107 3,339,240 373,935 SH SOLE 373,935 0 0
VERITEX HLDGS INC COM 923451108 4,852,643 185,925 SH SOLE 185,925 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 2,969,139 80,247 SH SOLE 80,247 0 0
WINTRUST FINL CORP COM 97650W108 2,776,160 22,392 SH SOLE 22,392 0 0
ZIONS BANCORPORATION N A COM 989701107 3,004,729 57,850 SH SOLE 57,850 0 0