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 13,330,450 562,229 SH SOLE NONE 562,229 0 0
AVIDBANK HLDGS INC COM 05368J103 20,191,994 708,491 SH SOLE NONE 708,491 0 0
BANC OF CALIFORNIA INC COM 05990K106 6,461,318 367,538 SH SOLE NONE 367,538 0 0
BURKE HERBERT FINL SVCS CORP COM 12135Y108 19,010,223 305,189 SH SOLE NONE 305,189 0 0
BYLINE BANCORP INC COM 124411109 5,702,868 180,642 SH SOLE NONE 180,642 0 0
CALIFORNIA BANCORP COM 84252A106 174,684 9,858 SH DFND NONE 0 9,858 0
CALIFORNIA BANCORP COM 84252A106 32,060,211 1,809,267 SH SOLE NONE 1,809,267 0 0
CB FINL SVCS INC COM 12479G101 660,153 19,314 SH SOLE NONE 19,314 0 0
CB FINL SVCS INC COM 12479G101 165,842 4,852 SH DFND NONE 0 4,852 0
CHAIN BRIDGE BANCORP INC CL A 15746L100 2,905,634 83,256 SH SOLE NONE 83,256 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 14,149,741 620,875 SH SOLE NONE 620,875 0 0
COASTAL FINL CORP WA COM NEW 19046P209 20,821,112 273,602 SH SOLE NONE 273,602 0 0
COASTALSOUTH BANCSHARES INC COM NEW 19058X207 5,940,821 241,595 SH SOLE NONE 241,595 0 0
CONNECTONE BANCORP INC COM 20786W107 175,556 6,558 SH DFND NONE 0 6,558 0
CONNECTONE BANCORP INC COM 20786W107 5,194,531 194,043 SH SOLE NONE 194,043 0 0
EAST WEST BANCORP INC COM 27579R104 317,291 2,972 SH SOLE NONE 2,972 0 0
EASTERN BANKSHARES INC COM 27627N105 66,588 3,404 SH DFND NONE 0 3,404 0
EASTERN BANKSHARES INC COM 27627N105 5,584,165 285,489 SH SOLE NONE 285,489 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 15,285,859 282,496 SH SOLE NONE 282,496 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 2,907,434 65,468 SH SOLE NONE 65,468 0 0
FB FINL CORP COM 30257X104 364,411 7,016 SH SOLE NONE 7,016 0 0
FIGURE TECHNOLOGY SOLUTIO COM CL A 349381103 12,593,175 370,933 SH SOLE NONE 370,933 0 0
FINWARD BANCORP COM 31812F109 3,613,411 99,543 SH SOLE NONE 99,543 0 0
FIRST MID BANCSHARES INC COM 320866106 7,639,839 185,478 SH SOLE NONE 185,478 0 0
FLAGSTAR FINANCIAL INC COM NEW 649445400 1,060,593 80,531 SH SOLE NONE 80,531 0 0
FVCBANKCORP INC COM 36120Q101 18,822,430 1,239,133 SH SOLE NONE 1,239,133 0 0
HUNTINGTON BANCSHARES INC COM 446150104 13,651,808 872,320 SH SOLE NONE 872,320 0 0
MVB FINL CORP COM 553810102 4,666,029 187,919 SH SOLE NONE 187,919 0 0
NATIONAL BK HLDGS CORP CL A 633707104 22,543,461 575,676 SH SOLE NONE 575,676 0 0
NBT BANCORP INC COM 628778102 2,670,234 62,711 SH SOLE NONE 62,711 0 0
OCEANFIRST FINL CORP COM 675234108 20,355,470 1,128,352 SH SOLE NONE 1,128,352 0 0
OLD NATL BANCORP IND COM 680033107 22,088,596 999,484 SH SOLE NONE 999,484 0 0
ORIGIN BANCORP INC COM 68621T102 12,561,965 302,990 SH SOLE NONE 302,990 0 0
QCR HLDGS INC COM 74727A104 35,009,378 409,706 SH SOLE NONE 409,706 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 33,103,573 607,405 SH SOLE NONE 607,405 0 0
SOUTHSTATE BK CORP COM 84472E102 693,993 7,501 SH SOLE NONE 7,501 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 2,885,721 85,706 SH SOLE NONE 85,706 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 4,747,991 138,587 SH SOLE NONE 138,587 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 18,998,643 1,024,738 SH SOLE NONE 1,024,738 0 0
VALLEY NATL BANCORP COM 919794107 20,446,004 1,664,984 SH SOLE NONE 1,664,984 0 0
VIRGINIA NATL BK CHRLOTSVLE COM 928031103 11,033,230 288,828 SH SOLE NONE 288,828 0 0
VIRGINIA NATL BK CHRLOTSVLE COM 928031103 379,020 9,922 SH DFND NONE 0 9,922 0