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
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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
1st Source Corp COM 336901103 2,039,500 25,000 SH SOLE 0 25,000 0 0
Bancorp Inc COM 05969A105 8,914,673 142,316 SH SOLE 0 142,316 0 0
Banner Corporation COM 06652V208 2,051,467 30,877 SH SOLE 0 30,877 0 0
BancFirst Corp COM 05945F103 2,901,048 26,105 SH SOLE 0 26,105 0 0
Bank First Corp COM 06211J100 1,542,840 10,400 SH SOLE 0 10,400 0 0
Burke & Herbert Financial Services Corp Com 12135Y108 1,501,514 20,895 SH SOLE 0 20,895 0 0
Bridgewater Bancshares Inc. COM 108621103 1,906,518 90,614 SH SOLE 0 90,614 0 0
Commercial Bancgroup Inc COM 20112C106 2,018,125 62,500 SH SOLE 0 62,500 0 0
Chain Bridge Bancorp COM 157297103 1,648,360 39,200 SH SOLE 0 39,200 0 0
Coastal Financial Corp COM 19046P209 2,248,797 29,013 SH SOLE 0 29,013 0 0
ConnectOne Bancorp Inc COM 20786W107 2,738,501 81,893 SH SOLE 0 81,893 0 0
Columbia Banking System, Inc COM 197236102 1,500,132 46,806 SH SOLE 0 46,806 0 0
CVB Financial Corp COM 126600105 2,785,691 123,534 SH SOLE 0 123,534 0 0
CommerceWest Bank COM 20084T103 2,818,511 72,177 SH SOLE 0 72,177 0 0
Dime Commercial Bancshares, Inc COM 25432X102 604,952 14,882 SH SOLE 0 14,882 0 0
Esquire Finacial Hoildings Inc COM 29667J101 3,714,683 31,187 SH SOLE 0 31,187 0 0
FB Financial Corp COM 30257X104 2,127,265 38,433 SH SOLE 0 38,433 0 0
First Bus Finl Svcs Inc Wis COM 319390100 2,842,650 45,000 SH SOLE 0 45,000 0 0
First Carolina Financial Services, Inc COM 31943F200 662,000 50,000 SH SOLE 0 50,000 0 0
First Community Corporation COM 319835104 1,154,453 35,326 SH SOLE 0 35,326 0 0
First Financial Bankshares Inc COM 32020R109 2,596,867 75,054 SH SOLE 0 75,054 0 0
First Merchants Corp COM 320817109 1,798,454 41,164 SH SOLE 0 41,164 0 0
Five Star Bancorp COM 33830T103 1,110,764 22,813 SH SOLE 0 22,813 0 0
German Amern Bancorp Inc COM 373865104 2,762,124 58,199 SH SOLE 0 58,199 0 0
Hometrust Bancshares Inc COM 437872104 2,496,844 50,047 SH SOLE 0 50,047 0 0
Independent Bank Corp COM 453836108 125,579 1,500 SH SOLE 0 1,500 0 0
S&P Regional Banks ETF 78464A698 7,131,707 95,280 SH SOLE 0 95,280 0 0
Lakeland Finl Corp COM 511656100 2,126,500 34,454 SH SOLE 0 34,454 0 0
Mercantile Bank Corp COM 587376104 2,583,900 45,000 SH SOLE 0 45,000 0 0
First Western Financial COM 33751L105 1,769,678 55,113 SH SOLE 0 55,113 0 0
National Bank Holdings Corp COM 633707104 1,155,180 26,000 SH SOLE 0 26,000 0 0
NBT Bancorp Inc COM 628778102 1,045,409 21,175 SH SOLE 0 21,175 0 0
Northrim Bancorp Inc COM 666762109 2,770,393 99,870 SH SOLE 0 99,870 0 0
Meta Finl Group Inc COM 59100U108 4,577,266 52,576 SH SOLE 0 52,576 0 0
Orrstown Financial Services COM 687380105 2,004,752 49,100 SH SOLE 0 49,100 0 0
Provident Financial Services COM 74386T105 1,630,261 68,962 SH SOLE 0 68,962 0 0
Seacost BKG Corporation COM 811707306 2,251,158 67,704 SH SOLE 0 67,704 0 0
South Plains Financial Inc COM 83946P107 3,505,954 81,373 SH SOLE 0 81,373 0 0
Stock Yds Bancorp Inc COM 861025104 3,435,261 44,923 SH SOLE 0 44,923 0 0
Triumph Bancorp Inc COM 89679e300 1,831,440 24,000 SH SOLE 0 24,000 0 0
Texas Capital Bancshares Inc COM 88224Q107 1,703,790 16,500 SH SOLE 0 16,500 0 0
Third Coast Bancshares COM 88422P109 2,060,400 51,000 SH SOLE 0 51,000 0 0
TowneBank Portsmouth VA COM 89214P109 2,044,479 56,415 SH SOLE 1 56,415 0 0
United Bankshares, Inc COM 909907107 173,512 3,786 SH SOLE 2 3,786 0 0
Unity Bancorp Inc COM 913290102 2,476,718 42,000 SH SOLE 3 42,000 0 0
USCB Financial Holdings, Inc COM 90355N101 659,630 32,240 SH SOLE 4 32,240 0 0
Versabank New COM 92512J106 3,050,397 131,426 SH SOLE 5 131,426 0 0
Wintrust Finacial Corp COM 97650W108 5,754,257 35,803 SH SOLE 6 35,803 0 0