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
AMERANT BANCORP INC CL A 023576101 958,898 52,600 SH SOLE 52,600 0 0
AMES NATL CORP COM 031001100 1,776,815 99,765 SH SOLE 99,765 0 0
ATLANTIC UN BANKSHARES CORP COM 04911A107 10,053,392 321,400 SH SOLE 321,400 0 0
BANK MARIN BANCORP COM 063425102 6,317,042 276,578 SH SOLE 276,578 0 0
BANK OF THE JAMES FINL GP IN COM 470299108 3,172,189 225,618 SH SOLE 225,618 0 0
BANKWELL FINL GROUP INC COM 06654A103 9,615,146 266,865 SH SOLE 266,865 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 1,277,040 51,000 SH SOLE 51,000 0 0
BRIDGEWATER BANCSHARES INC COM 108621103 335,446 21,084 SH SOLE 21,084 0 0
BURKE HERBERT FINL SVCS CORP COM 12135Y108 6,779,833 113,508 SH SOLE 113,508 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 854,221 34,654 SH SOLE 34,654 0 0
BV FINL INC COM NEW 05603E208 12,832,189 842,560 SH SOLE 842,560 0 0
C & F FINL CORP COM 12466Q104 603,164 9,771 SH SOLE 9,771 0 0
CALIFORNIA BANCORP COM 84252A106 34,509,215 2,189,671 SH SOLE 2,189,671 0 0
CAPITOL FED FINL INC COM 14057J101 1,209,630 198,300 SH SOLE 198,300 0 0
CARTER BANKSHARES INC COM NEW 146103106 10,124,705 583,893 SH SOLE 583,893 0 0
CB FINL SVCS INC COM 12479G101 986,699 34,621 SH SOLE 34,621 0 0
CF BANKSHARES INC COM 12520L109 10,095,948 421,191 SH SOLE 421,191 0 0
CHEMUNG FINL CORP COM 164024101 789,382 16,286 SH SOLE 16,286 0 0
CHOICEONE FINL SVCS INC COM 170386106 32,802,923 1,142,959 SH SOLE 1,142,959 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 3,488,543 252,793 SH SOLE 252,793 0 0
CITIZENS FINL GROUP INC COM 174610105 1,123,225 25,100 SH SOLE 25,100 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 469,220 20,225 SH SOLE 20,225 0 0
CNB FINL CORP PA COM 126128107 1,380,081 60,371 SH SOLE 60,371 0 0
COLONY BANKCORP INC COM 19623P101 10,025,437 608,709 SH SOLE 608,709 0 0
COMMUNITY WEST BANCSHARES NE COM 203937107 30,707,257 1,573,924 SH SOLE 1,573,924 0 0
CONNECTONE BANCORP INC COM 20786W107 4,818,670 208,060 SH SOLE 208,060 0 0
DIME CMNTY BANCSHARES INC COM 25432X102 3,127,734 116,100 SH SOLE 116,100 0 0
EAGLE BANCORP INC MD COM 268948106 12,563,236 644,930 SH SOLE 644,930 0 0
EAGLE BANCORP MONT INC COM 26942G100 2,571,214 154,242 SH SOLE 154,242 0 0
EAGLE FINL SVCS INC COM 26951R104 8,612,242 281,262 SH SOLE 281,262 0 0
EASTERN BANKSHARES INC COM 27627N105 1,293,369 84,700 SH SOLE 84,700 0 0
FB BANCORP INC COM 31425A109 1,155,116 102,677 SH SOLE 102,677 0 0
FIFTH DIST BANCORP INC COM 316926104 1,128,382 91,367 SH SOLE 91,367 0 0
FINANCIAL INSTNS INC COM 317585404 21,742,254 846,661 SH SOLE 846,661 0 0
FINWARD BANCORP COM 31812F109 1,517,167 54,930 SH SOLE 54,930 0 0
FIRST BK WILLIAMSTOWN NEW JE COM 31931U102 720,902 46,600 SH SOLE 46,600 0 0
FIRST BUSEY CORP COM NEW 319383204 1,122,235 49,038 SH SOLE 49,038 0 0
FIRST CMNTY CORP S C COM 319835104 13,632,930 559,185 SH SOLE 559,185 0 0
FIRST FNDTN INC COM 32026V104 3,417,082 670,016 SH SOLE 670,016 0 0
FIRST INTERNET BANCORP COM 320557101 3,904,293 145,141 SH SOLE 145,141 0 0
FIRST NATL CORP COM 32106V107 16,127,254 828,313 SH SOLE 828,313 0 0
FIRST NORTHWEST BANCORP COM 335834107 7,217,903 937,390 SH SOLE 937,390 0 0
FIRST UTD CORP COM 33741H107 2,965,083 95,617 SH SOLE 95,617 0 0
FIRSTSUN CAP BANCORP COM 33767U107 236,231 6,798 SH SOLE 6,798 0 0
FLUSHING FINL CORP COM 343873105 3,065,931 258,075 SH SOLE 258,075 0 0
FRANKLIN FINL SVCS CORP COM 353525108 13,014,568 375,872 SH SOLE 375,872 0 0
FVCBANKCORP INC COM 36120Q101 8,668,870 734,650 SH SOLE 734,650 0 0
HANOVER BANCORP INC COM 410709109 6,690,129 292,273 SH SOLE 292,273 0 0
HERITAGE COMM CORP COM 426927109 606,723 61,100 SH SOLE 61,100 0 0
HORIZON BANCORP INC COM 440407104 522,920 34,000 SH SOLE 34,000 0 0
INDEPENDENT BK CORP MASS COM 453836108 628,850 10,000 SH SOLE 10,000 0 0
INVESTAR HLDG CORP COM 46134L105 584,102 30,233 SH SOLE 30,233 0 0
JOHN MARSHALL BANCORP INC COM 47805L101 1,535,340 82,857 SH SOLE 82,857 0 0
KEARNY FINL CORP MD COM 48716P108 7,168,442 1,109,666 SH SOLE 1,109,666 0 0
LCNB CORP COM 50181P100 192,799 13,269 SH SOLE 13,269 0 0
LINKBANCORP INC COM 53578P105 2,393,579 327,439 SH SOLE 327,439 0 0
MAINSTREET BANCSHARES INC COM 56064Y100 6,389,807 338,085 SH SOLE 338,085 0 0
MERIDIAN CORPORATION COM 58958P104 13,976,872 1,084,319 SH SOLE 1,084,319 0 0
METROPOLITAN BK HLDG CORP COM 591774104 9,074,380 129,634 SH SOLE 129,634 0 0
MID PENN BANCORP INC COM 59540G107 578,974 20,531 SH SOLE 20,531 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 902,227 31,360 SH SOLE 31,360 0 0
MVB FINL CORP COM 553810102 5,843,291 259,356 SH SOLE 259,356 0 0
NATIONAL BANKSHARES INC VA COM 634865109 2,284,963 84,006 SH SOLE 84,006 0 0
NORWOOD FINANCIAL CORP COM 669549107 510,238 19,792 SH SOLE 19,792 0 0
OAK VY BANCORP OAKDALE CALIF COM 671807105 3,851,736 141,400 SH SOLE 141,400 0 0
OCEANFIRST FINL CORP COM 675234108 1,991,920 113,113 SH SOLE 113,113 0 0
OHIO VY BANC CORP COM 677719106 527,186 16,357 SH SOLE 16,357 0 0
OLD NATL BANCORP IND COM 680033107 597,520 28,000 SH SOLE 28,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 816,040 46,000 SH SOLE 46,000 0 0
OP BANCORP COM 67109R109 3,426,632 263,790 SH SOLE 263,790 0 0
OPTIMUMBANK HLDGS INC COM 68401P403 2,238,813 500,853 SH SOLE 500,853 0 0
ORANGE CNTY BANCORP INC COM 68417L107 6,209,559 240,308 SH SOLE 240,308 0 0
ORRSTOWN FINL SVCS INC COM 687380105 40,065,694 1,258,740 SH SOLE 1,258,740 0 0
PARKE BANCORP INC COM 700885106 4,091,070 200,838 SH SOLE 200,838 0 0
PATHFINDER BANCORP INC MD COM 70319R109 1,229,148 80,127 SH SOLE 80,127 0 0
PEOPLES BANCORP N C INC COM 710577107 1,014,424 35,162 SH SOLE 35,162 0 0
PEOPLES FINL SVCS CORP COM 711040105 568,347 11,512 SH SOLE 11,512 0 0
PLUMAS BANCORP COM 729273102 1,277,025 28,723 SH SOLE 28,723 0 0
PRIMIS FINANCIAL CORP COM 74167B109 6,252,421 576,260 SH SOLE 576,260 0 0
PRINCETON BANCORP INC COM 74179A107 624,665 20,454 SH SOLE 20,454 0 0
PROVIDENT FINL HLDGS INC COM 743868101 1,785,755 115,210 SH SOLE 115,210 0 0
PROVIDENT FINL SVCS INC COM 74386T105 525,900 30,000 SH SOLE 30,000 0 0
RBB BANCORP COM 74930B105 2,830,494 164,468 SH SOLE 164,468 0 0
RIVERVIEW BANCORP INC COM 769397100 3,756,115 682,930 SH SOLE 682,930 0 0
SHORE BANCSHARES INC COM 825107105 8,912,077 566,926 SH SOLE 566,926 0 0
SIERRA BANCORP COM 82620P102 757,748 25,522 SH SOLE 25,522 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 4,912,487 129,174 SH SOLE 129,174 0 0
TEXAS COMMUNITY BANCSHARES I COM 88231Q108 376,694 23,470 SH SOLE 23,470 0 0
TIMBERLAND BANCORP INC COM 887098101 402,386 12,897 SH SOLE 12,897 0 0
TRUIST FINL CORP COM 89832Q109 1,079,049 25,100 SH SOLE 25,100 0 0
UNITED SEC BANCSHARES CALIF COM 911460103 4,303,375 497,500 SH SOLE 497,500 0 0
VALLEY NATL BANCORP COM 919794107 3,171,936 355,200 SH SOLE 355,200 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 328,338 8,874 SH SOLE 8,874 0 0
WATERSTONE FINL INC MD COM 94188P101 872,709 63,194 SH SOLE 63,194 0 0
WEBSTER FINL CORP COM 947890109 2,904,720 53,200 SH SOLE 53,200 0 0
WESBANCO INC COM 950810101 6,588,529 208,300 SH SOLE 208,300 0 0
WESTERN ALLIANCE BANCORP COM 957638109 1,676,570 21,500 SH SOLE 21,500 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 4,988,889 540,508 SH SOLE 540,508 0 0