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 2,112,500 25,000 SH SOLE 0 25,000 0 0
Bancorp Inc COM 05969A105 5,365,793 111,416 SH SOLE 0 111,416 0 0
Banner Corporation COM 06652V208 2,068,759 30,877 SH SOLE 0 30,877 0 0
BancFirst Corp COM 05945F103 2,748,333 26,105 SH SOLE 0 26,105 0 0
California BanCorp COM 84252A106 1,347,185 63,100 SH SOLE 0 63,100 0 0
Bank First Corp COM 06211J100 1,547,624 10,400 SH SOLE 0 10,400 0 0
Burke & Herbert Financial Services Corp Com 12135Y108 1,433,397 20,895 SH SOLE 0 20,895 0 0
Bridgewater Bancshares Inc. COM 108621103 1,827,684 90,614 SH SOLE 0 90,614 0 0
Commercial Bancgroup Inc COM 20112C106 1,959,375 62,500 SH SOLE 0 62,500 0 0
Chain Bridge Bancorp COM 157297103 1,806,336 39,200 SH SOLE 0 39,200 0 0
ConnectOne Bancorp Inc COM 20786W107 2,460,884 34,366 SH SOLE 0 34,366 0 0
Columbia Banking System, Inc COM 197236102 1,338,651 46,806 SH SOLE 0 46,806 0 0
CVB Financial Corp COM 126600105 2,669,569 123,534 SH SOLE 0 123,534 0 0
CommerceWest Bank COM 20084T103 2,933,995 72,177 SH SOLE 0 72,177 0 0
Dime Commercial Bancshares, Inc COM 25432X102 586,648 14,882 SH SOLE 0 14,882 0 0
Esquire Finacial Hoildings Inc COM 29667J101 3,629,231 31,187 SH SOLE 0 31,187 0 0
FB Financial Corp COM 30257X104 1,986,985 38,433 SH SOLE 0 38,433 0 0
First Bus Finl Svcs Inc Wis COM 319390100 3,095,100 45,000 SH SOLE 0 45,000 0 0
First Carolina Financial Services, Inc COM 31943F200 631,500 50,000 SH SOLE 0 50,000 0 0
First Community Corporation COM 319835104 1,136,437 35,326 SH SOLE 0 35,326 0 0
First Financial Bankshares Inc COM 32020R109 2,382,213 75,054 SH SOLE 0 75,054 0 0
First Merchants Corp COM 320817109 1,637,502 41,164 SH SOLE 0 41,164 0 0
Five Star Bancorp COM 33830T103 966,586 22,813 SH SOLE 0 22,813 0 0
German Amern Bancorp Inc COM 373865104 2,814,503 58,199 SH SOLE 0 58,199 0 0
Hometrust Bancshares Inc COM 437872104 3,793,876 92,547 SH SOLE 0 92,547 0 0
Independent Bank Corp COM 453836108 1,433,725 18,500 SH SOLE 0 18,500 0 0
S&P Regional Banks ETF 78464A698 6,616,242 95,280 SH SOLE 0 95,280 0 0
Lakeland Finl Corp COM 511656100 1,986,617 34,454 SH SOLE 0 34,454 0 0
Mercantile Bank Corp COM 587376104 2,624,400 45,000 SH SOLE 0 45,000 0 0
First Western Financial COM 33751L105 1,652,838 55,113 SH SOLE 0 55,113 0 0
National Bank Holdings Corp COM 633707104 1,018,940 26,000 SH SOLE 0 26,000 0 0
NBT Bancorp Inc COM 628778102 1,062,138 21,175 SH SOLE 0 21,175 0 0
Northrim Bancorp Inc COM 666762109 2,419,850 99,870 SH SOLE 0 99,870 0 0
Meta Finl Group Inc COM 59100U108 3,740,256 52,576 SH SOLE 0 52,576 0 0
Orrstown Financial Services COM 687380105 1,992,477 49,100 SH SOLE 0 49,100 0 0
Provident Financial Services COM 74386T105 1,527,507 68,962 SH SOLE 0 68,962 0 0
Renasant Corp COM 75970E107 1,321,920 34,000 SH SOLE 0 34,000 0 0
Seacost BKG Corporation COM 811707306 2,155,017 67,704 SH SOLE 0 67,704 0 0
SmartFinancial Inc COM 83190L208 1,053,362 21,250 SH SOLE 0 21,250 0 0
South Plains Financial Inc COM 83946P107 3,395,695 81,373 SH SOLE 0 81,373 0 0
Stock Yds Bancorp Inc COM 861025104 3,463,113 44,923 SH SOLE 0 44,923 0 0
Triumph Bancorp Inc COM 89679e300 1,439,760 24,000 SH SOLE 0 24,000 0 0
Third Coast Bancshares COM 88422P109 2,161,890 51,000 SH SOLE 0 51,000 0 0
TowneBank Portsmouth VA COM 89214P109 2,011,194 56,415 SH SOLE 0 56,415 0 0
United Bankshares, Inc COM 909907107 173,928 3,786 SH SOLE 0 3,786 0 0
Unity Bancorp Inc COM 913290102 2,288,084 42,200 SH SOLE 0 42,200 0 0
USCB Financial Holdings, Inc COM 90355N101 1,082,549 49,590 SH SOLE 0 49,590 0 0
Versabank New COM 92512J106 2,920,285 131,426 SH SOLE 0 131,426 0 0
Wintrust Finacial Corp COM 97650W108 5,077,580 35,803 SH SOLE 0 35,803 0 0