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 10,559,010 339,518 SH SOLE NONE 339,518 0 0
AVIDBANK HLDGS INC COM 05368J103 21,757,026 658,705 SH SOLE NONE 658,705 0 0
BANC OF CALIFORNIA INC COM 05990K106 2,972,116 145,478 SH SOLE NONE 145,478 0 0
BURKE HERBERT FINL SVCS CORP COM 12135Y108 32,996,387 459,176 SH SOLE NONE 459,176 0 0
BYLINE BANCORP INC COM 124411109 8,988,350 238,671 SH SOLE NONE 238,671 0 0
CALIFORNIA BANCORP COM 84252A106 205,441 9,858 SH DFND NONE 0 9,858 0
CALIFORNIA BANCORP COM 84252A106 34,298,076 1,645,781 SH SOLE NONE 1,645,781 0 0
CB FINL SVCS INC COM 12479G101 732,001 19,314 SH SOLE NONE 19,314 0 0
CB FINL SVCS INC COM 12479G101 183,892 4,852 SH DFND NONE 0 4,852 0
CHAIN BRIDGE BANCORP INC CL A 15746L100 3,500,915 83,256 SH SOLE NONE 83,256 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 14,572,131 516,376 SH SOLE NONE 516,376 0 0
COASTAL FINL CORP WA COM NEW 19046P209 33,306,202 429,702 SH SOLE NONE 429,702 0 0
CONNECTONE BANCORP INC COM 20786W107 5,579,196 166,842 SH SOLE NONE 166,842 0 0
CONNECTONE BANCORP INC COM 20786W107 219,298 6,558 SH DFND NONE 0 6,558 0
EASTERN BANKSHARES INC COM 27627N105 75,712 3,404 SH DFND NONE 0 3,404 0
EASTERN BANKSHARES INC COM 27627N105 1,332,421 59,911 SH SOLE NONE 59,911 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 18,624,408 282,702 SH SOLE NONE 282,702 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 3,258,717 66,518 SH SOLE NONE 66,518 0 0
FB FINL CORP COM 30257X104 6,737,811 121,731 SH SOLE NONE 121,731 0 0
FIGURE TECHNOLOGY SOLUTIO COM CL A 349381103 7,627,995 248,388 SH SOLE NONE 248,388 0 0
FINWARD BANCORP COM 31812F109 3,661,192 99,543 SH SOLE NONE 99,543 0 0
FIRST CAROLINA FINL SVCS INC COMMON STOCK 31943F200 6,355,200 480,000 SH SOLE NONE 480,000 0 0
FIRST MID BANCSHARES INC COM 320866106 7,595,046 157,934 SH SOLE NONE 157,934 0 0
FLAGSTAR FINANCIAL INC COM NEW 649445400 1,203,133 80,531 SH SOLE NONE 80,531 0 0
FVCBANKCORP INC COM 36120Q101 4,859,015 277,658 SH SOLE NONE 277,658 0 0
HOME BANCSHARES INC COM 436893200 3,815,609 133,647 SH SOLE NONE 133,647 0 0
HUNTINGTON BANCSHARES INC COM 446150104 14,040,795 791,923 SH SOLE NONE 791,923 0 0
MVB FINL CORP COM 553810102 5,300,678 182,719 SH SOLE NONE 182,719 0 0
NATIONAL BK HLDGS CORP CL A 633707104 24,724,304 556,478 SH SOLE NONE 556,478 0 0
OCEANFIRST FINL CORP COM 675234108 26,315,132 1,347,421 SH SOLE NONE 1,347,421 0 0
OLD NATL BANCORP IND COM 680033107 19,653,801 758,834 SH SOLE NONE 758,834 0 0
ORIGIN BANCORP INC COM 68621T102 14,909,867 291,493 SH SOLE NONE 291,493 0 0
QCR HLDGS INC COM 74727A104 38,040,291 390,758 SH SOLE NONE 390,758 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 40,500,746 662,860 SH SOLE NONE 662,860 0 0
SOUTHSTATE BK CORP COM 84472E102 1,764,034 17,658 SH SOLE NONE 17,658 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 9,894,535 273,028 SH SOLE NONE 273,028 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 21,530,733 1,052,333 SH SOLE NONE 1,052,333 0 0
VALLEY NATL BANCORP COM 919794107 22,331,815 1,524,356 SH SOLE NONE 1,524,356 0 0
VIRGINIA NATL BK CHRLOTSVLE COM 928031103 12,818,187 288,828 SH SOLE NONE 288,828 0 0
VIRGINIA NATL BK CHRLOTSVLE COM 928031103 440,338 9,922 SH DFND NONE 0 9,922 0