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 FINL CORP COM 01446U103 11,632,301 516,532 SH SOLE NONE 516,532 0 0
AVIDBANK HLDGS INC COM 05368J103 18,535,852 697,886 SH SOLE NONE 697,886 0 0
BANC OF CALIFORNIA INC COM 05990K106 8,935,957 463,243 SH SOLE NONE 463,243 0 0
BURKE HERBERT FINL SVCS CORP COM 12135Y108 7,808,876 125,323 SH SOLE NONE 125,323 0 0
BYLINE BANCORP INC COM 124411109 4,522,331 155,140 SH SOLE NONE 155,140 0 0
CALIFORNIA BANCORP COM 84252A106 32,769,939 1,755,219 SH SOLE NONE 1,755,219 0 0
CALIFORNIA BANCORP COM 84252A106 184,049 9,858 SH DFND NONE 0 9,858 0
CB FINL SVCS INC COM 12479G101 766,711 21,994 SH SOLE NONE 21,994 0 0
CB FINL SVCS INC COM 12479G101 169,142 4,852 SH DFND NONE 0 4,852 0
CENTRAL BANCOMPANY COM CL A 152413100 4,014,460 166,437 SH SOLE NONE 166,437 0 0
CHAIN BRIDGE BANCORP INC CL A 15746L100 2,745,774 79,266 SH SOLE NONE 79,266 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 12,181,293 548,213 SH SOLE NONE 548,213 0 0
COASTAL FINL CORP WA COM NEW 19046P209 18,554,871 161,924 SH SOLE NONE 161,924 0 0
COASTALSOUTH BANCSHARES INC COM NEW 19058X207 7,831,530 336,840 SH SOLE NONE 336,840 0 0
CONNECTONE BANCORP INC COM 20786W107 3,209,695 122,414 SH SOLE NONE 122,414 0 0
CONNECTONE BANCORP INC COM 20786W107 171,949 6,558 SH DFND NONE 0 6,558 0
EAST WEST BANCORP INC COM 27579R104 452,819 4,029 SH SOLE NONE 4,029 0 0
EASTERN BANKSHARES INC COM 27627N105 62,741 3,404 SH DFND NONE 0 3,404 0
EASTERN BANKSHARES INC COM 27627N105 6,899,676 374,372 SH SOLE NONE 374,372 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 10,002,960 185,240 SH SOLE NONE 185,240 0 0
FIGURE TECHNOLOGY SOLUTIO COM CL A 349381103 13,185,235 322,851 SH SOLE NONE 322,851 0 0
FINWARD BANCORP COM 31812F109 3,502,918 99,543 SH SOLE NONE 99,543 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 8,140,041 208,719 SH SOLE NONE 208,719 0 0
FLAGSTAR FINANCIAL INC COM NEW 649445400 1,013,885 80,531 SH SOLE NONE 80,531 0 0
FVCBANKCORP INC COM 36120Q101 18,136,609 1,303,854 SH SOLE NONE 1,303,854 0 0
HUNTINGTON BANCSHARES INC COM 446150104 344,450 19,853 SH SOLE NONE 19,853 0 0
MVB FINL CORP COM 553810102 4,856,531 188,019 SH SOLE NONE 188,019 0 0
NATIONAL BK HLDGS CORP CL A 633707104 6,659,276 175,198 SH SOLE NONE 175,198 0 0
NBT BANCORP INC COM 628778102 3,017,300 72,671 SH SOLE NONE 72,671 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108 395,455 34,598 SH SOLE NONE 34,598 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108 83,923 7,342 SH DFND NONE 0 7,342 0
OCEANFIRST FINL CORP COM 675234108 14,359,946 799,997 SH SOLE NONE 799,997 0 0
OLD NATL BANCORP IND COM 680033107 13,205,735 591,920 SH SOLE NONE 591,920 0 0
ORIGIN BANCORP INC COM 68621T102 10,391,944 276,308 SH SOLE NONE 276,308 0 0
QCR HOLDINGS INC COM 74727A104 27,363,800 328,497 SH SOLE NONE 328,497 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 30,191,441 586,014 SH SOLE NONE 586,014 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 8,077,056 246,703 SH SOLE NONE 246,703 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 19,476,737 1,057,369 SH SOLE NONE 1,057,369 0 0
VALLEY NATL BANCORP COM 919794107 15,144,498 1,296,618 SH SOLE NONE 1,296,618 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 10,026,300 251,601 SH SOLE NONE 251,601 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 395,392 9,922 SH DFND NONE 0 9,922 0