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 |
1895 BANCORP OF WIS INC | COM | 28253R105 | 550 | 50,654 | SH | | SOLE | | 50,654 | 0 | 0 |
ACNB CORP | COM | 000868109 | 235 | 6,733 | SH | | SOLE | | 6,733 | 0 | 0 |
AFFINITY BANCSHARES INC | COM | 00832E103 | 465 | 29,595 | SH | | SOLE | | 29,595 | 0 | 0 |
AMERIS BANCORP | COM | 03076K108 | 1,309 | 29,836 | SH | | SOLE | | 29,836 | 0 | 0 |
AMERISERV FINL INC | COM | 03074A102 | 2,202 | 544,973 | SH | | SOLE | | 544,973 | 0 | 0 |
BANC OF CALIFORNIA INC | COM | 05990K106 | 9,583 | 494,991 | SH | | SOLE | | 494,991 | 0 | 0 |
BANK OF THE JAMES FINL GP IN | COM | 470299108 | 459 | 30,842 | SH | | SOLE | | 30,842 | 0 | 0 |
BANK PRINCETON NEW JERSEY | COM | 064520109 | 2,431 | 84,258 | SH | | SOLE | | 84,258 | 0 | 0 |
BANKFINANCIAL CORP | COM | 06643P104 | 2,059 | 198,704 | SH | | SOLE | | 198,704 | 0 | 0 |
BANKWELL FINL GROUP INC | COM | 06654A103 | 1,091 | 32,242 | SH | | SOLE | | 32,242 | 0 | 0 |
BANNER CORP | COM NEW | 06652V208 | 2,539 | 43,383 | SH | | SOLE | | 43,383 | 0 | 0 |
BAYCOM CORP | COM | 07272M107 | 3,392 | 155,790 | SH | | SOLE | | 155,790 | 0 | 0 |
BCB BANCORP INC | COM | 055298103 | 1,956 | 107,165 | SH | | SOLE | | 107,165 | 0 | 0 |
BERKSHIRE HILLS BANCORP INC | COM | 084680107 | 6,385 | 220,400 | SH | | SOLE | | 220,400 | 0 | 0 |
BOGOTA FINL CORP | COM | 097235105 | 247 | 23,005 | SH | | SOLE | | 23,005 | 0 | 0 |
BROOKLINE BANCORP INC DEL | COM | 11373M107 | 921 | 58,197 | SH | | SOLE | | 58,197 | 0 | 0 |
C & F FINL CORP | COM | 12466Q104 | 1,891 | 37,420 | SH | | SOLE | | 37,420 | 0 | 0 |
CAPITAL BANCORP INC MD | COM | 139737100 | 212 | 9,255 | SH | | SOLE | | 9,255 | 0 | 0 |
CAPSTAR FINL HLDGS INC | COM | 14070T102 | 9,466 | 449,031 | SH | | SOLE | | 449,031 | 0 | 0 |
CARTER BK & TR MARTINSVILLE | COM | 146102108 | 1,051 | 60,502 | SH | | SOLE | | 60,502 | 0 | 0 |
CBM BANCORP INC | COM | 1248XT104 | 424 | 24,372 | SH | | SOLE | | 24,372 | 0 | 0 |
CENTRAL VALLEY CMNTY BANCORP | COM | 155685100 | 3,697 | 158,337 | SH | | SOLE | | 158,337 | 0 | 0 |
CF BANKSHARES INC | COM | 12520L109 | 1,666 | 74,721 | SH | | SOLE | | 74,721 | 0 | 0 |
CHEMUNG FINL CORP | COM | 164024101 | 446 | 9,558 | SH | | SOLE | | 9,558 | 0 | 0 |
CITIZENS CMNTY BANCORP INC M | COM | 174903104 | 492 | 32,538 | SH | | SOLE | | 32,538 | 0 | 0 |
CITIZENS HLDG CO MISS | COM | 174715102 | 312 | 16,155 | SH | | SOLE | | 16,155 | 0 | 0 |
CIVISTA BANCSHARES INC | COM NO PAR | 178867107 | 1,792 | 74,371 | SH | | SOLE | | 74,371 | 0 | 0 |
CNB FINL CORP PA | COM | 126128107 | 1,575 | 59,829 | SH | | SOLE | | 59,829 | 0 | 0 |
CODORUS VY BANCORP INC | COM | 192025104 | 932 | 42,383 | SH | | SOLE | | 42,383 | 0 | 0 |
COLONY BANKCORP INC | COM | 19623P101 | 3,026 | 162,075 | SH | | SOLE | | 162,075 | 0 | 0 |
COLUMBIA FINL INC | COM | 197641103 | 2,419 | 112,452 | SH | | SOLE | | 112,452 | 0 | 0 |
COMMUNITY FINL CORP MD | COM | 20368X101 | 5,757 | 142,334 | SH | | SOLE | | 142,334 | 0 | 0 |
COMMUNITY WEST BANCSHARES | COM | 204157101 | 958 | 68,368 | SH | | SOLE | | 68,368 | 0 | 0 |
CROSSFIRST BANKSHARES INC | COM | 22766M109 | 176 | 11,177 | SH | | SOLE | | 11,177 | 0 | 0 |
DIME CMNTY BANCSHARES INC | COM | 25432X102 | 1,807 | 52,285 | SH | | SOLE | | 52,285 | 0 | 0 |
EAGLE BANCORP MONT INC | COM | 26942G100 | 1,259 | 56,399 | SH | | SOLE | | 56,399 | 0 | 0 |
ELMIRA SVGS BK ELMIRA N Y | COM | 289660102 | 274 | 11,959 | SH | | SOLE | | 11,959 | 0 | 0 |
ENTERPRISE BANCORP INC MASS | COM | 293668109 | 2,614 | 65,145 | SH | | SOLE | | 65,145 | 0 | 0 |
ESSA BANCORP INC | COM | 29667D104 | 330 | 18,386 | SH | | SOLE | | 18,386 | 0 | 0 |
F N B CORP | COM | 302520101 | 4,535 | 364,219 | SH | | SOLE | | 364,219 | 0 | 0 |
FFBW INC | COM | 30258M107 | 798 | 66,053 | SH | | SOLE | | 66,053 | 0 | 0 |
FINANCIAL INSTNS INC | COM | 317585404 | 5,464 | 181,347 | SH | | SOLE | | 181,347 | 0 | 0 |
FINWARD BANCORP | COM | 31812F109 | 959 | 20,747 | SH | | SOLE | | 20,747 | 0 | 0 |
FIRST BANK WILLIAMSTOWN NJ | COM | 31931U102 | 3,941 | 277,153 | SH | | SOLE | | 277,153 | 0 | 0 |
FIRST BUS FINL SVCS INC WIS | COM | 319390100 | 3,996 | 121,793 | SH | | SOLE | | 121,793 | 0 | 0 |
FIRST CMNTY CORP S C | COM | 319835104 | 1,570 | 74,068 | SH | | SOLE | | 74,068 | 0 | 0 |
FIRST FINANCIAL NORTHWEST IN | COM | 32022K102 | 2,871 | 167,768 | SH | | SOLE | | 167,768 | 0 | 0 |
FIRST FINL CORP IND | COM | 320218100 | 5,147 | 118,928 | SH | | SOLE | | 118,928 | 0 | 0 |
FIRST GTY BANCSHARES INC | COM | 32043P106 | 727 | 30,365 | SH | | SOLE | | 30,365 | 0 | 0 |
FIRST LONG IS CORP | COM | 320734106 | 1,680 | 86,353 | SH | | SOLE | | 86,353 | 0 | 0 |
FIRST NATL CORP | COM | 32106V107 | 320 | 15,247 | SH | | SOLE | | 15,247 | 0 | 0 |
FIRST NORTHWEST BANCORP | COM | 335834107 | 2,817 | 127,539 | SH | | SOLE | | 127,539 | 0 | 0 |
FIRST SVGS FINL GROUP INC | COM | 33621E109 | 799 | 32,544 | SH | | SOLE | | 32,544 | 0 | 0 |
FIRST US BANCSHARES INC | COM | 33744V103 | 1,099 | 94,259 | SH | | SOLE | | 94,259 | 0 | 0 |
FIRST UTD CORP | COM | 33741H107 | 442 | 19,601 | SH | | SOLE | | 19,601 | 0 | 0 |
FIRST WESTN FINL INC | COM | 33751L105 | 434 | 13,886 | SH | | SOLE | | 13,886 | 0 | 0 |
FLUSHING FINL CORP | COM | 343873105 | 3,268 | 146,210 | SH | | SOLE | | 146,210 | 0 | 0 |
FNCB BANCORP INC | COM | 302578109 | 920 | 97,116 | SH | | SOLE | | 97,116 | 0 | 0 |
FRANKLIN FINL SVCS CORP | COM | 353525108 | 375 | 11,116 | SH | | SOLE | | 11,116 | 0 | 0 |
FS BANCORP INC | COM | 30263Y104 | 6,245 | 201,440 | SH | | SOLE | | 201,440 | 0 | 0 |
FULTON FINL CORP PA | COM | 360271100 | 251 | 15,100 | SH | | SOLE | | 15,100 | 0 | 0 |
GENERATIONS BANCORP NY INC | COM | 37149G108 | 200 | 16,938 | SH | | SOLE | | 16,938 | 0 | 0 |
GLEN BURNIE BANCORP | COM | 377407101 | 312 | 24,306 | SH | | SOLE | | 24,306 | 0 | 0 |
GREAT SOUTHN BANCORP INC | COM | 390905107 | 2,535 | 42,965 | SH | | SOLE | | 42,965 | 0 | 0 |
GREENE CNTY BANCORP INC | COM | 394357107 | 675 | 15,094 | SH | | SOLE | | 15,094 | 0 | 0 |
GUARANTY FED BANCSHARES INC | COM | 40108P101 | 3,090 | 98,301 | SH | | SOLE | | 98,301 | 0 | 0 |
HARBORONE BANCORP INC NEW | COM NEW | 41165Y100 | 1,372 | 97,860 | SH | | SOLE | | 97,860 | 0 | 0 |
HEARTLAND FINL USA INC | COM | 42234Q102 | 713 | 14,899 | SH | | SOLE | | 14,899 | 0 | 0 |
HERITAGE COMMERCE CORP | COM | 426927109 | 3,280 | 291,531 | SH | | SOLE | | 291,531 | 0 | 0 |
HERITAGE FINL CORP WASH | COM | 42722X106 | 305 | 12,189 | SH | | SOLE | | 12,189 | 0 | 0 |
HILLTOP HOLDINGS INC | COM | 432748101 | 4,585 | 155,967 | SH | | SOLE | | 155,967 | 0 | 0 |
HMN FINL INC | COM | 40424G108 | 1,021 | 41,072 | SH | | SOLE | | 41,072 | 0 | 0 |
HOME BANCORP INC | COM | 43689E107 | 1,896 | 46,471 | SH | | SOLE | | 46,471 | 0 | 0 |
HORIZON BANCORP INC | COM | 440407104 | 234 | 12,539 | SH | | SOLE | | 12,539 | 0 | 0 |
IF BANCORP INC | COM | 44951J105 | 263 | 11,121 | SH | | SOLE | | 11,121 | 0 | 0 |
INDEPENDENT BK CORP MASS | COM | 453836108 | 1,593 | 72,425 | SH | | SOLE | | 72,425 | 0 | 0 |
INTERNATIONAL BANCSHARES COR | COM | 459044103 | 6,605 | 156,468 | SH | | SOLE | | 156,468 | 0 | 0 |
INVESTAR HLDG CORP | COM | 46134L105 | 524 | 27,435 | SH | | SOLE | | 27,435 | 0 | 0 |
KEARNY FINL CORP MD | COM | 48716P108 | 504 | 39,169 | SH | | SOLE | | 39,169 | 0 | 0 |
KENTUCKY FIRST FED BANCORP | COM | 491292108 | 151 | 20,523 | SH | | SOLE | | 20,523 | 0 | 0 |
LAKE SHORE BANCORP INC | COM | 510700107 | 193 | 12,869 | SH | | SOLE | | 12,869 | 0 | 0 |
LAKELAND BANCORP INC | COM | 511637100 | 4,545 | 272,155 | SH | | SOLE | | 272,155 | 0 | 0 |
LEVEL ONE BANCORP INC | COM | 52730D208 | 781 | 19,554 | SH | | SOLE | | 19,554 | 0 | 0 |
LIMESTONE BANCORP INC | COM | 53262L105 | 1,137 | 54,410 | SH | | SOLE | | 54,410 | 0 | 0 |
MACATAWA BK CORP | COM | 554225102 | 2,634 | 292,338 | SH | | SOLE | | 292,338 | 0 | 0 |
MAGYAR BANCORP INC | COM | 55977T208 | 305 | 25,831 | SH | | SOLE | | 25,831 | 0 | 0 |
MAINSTREET BANCSHARES INC | COM | 56064Y100 | 812 | 33,405 | SH | | SOLE | | 33,405 | 0 | 0 |
MALVERN BANCORP INC | COM | 561409103 | 965 | 59,926 | SH | | SOLE | | 59,926 | 0 | 0 |
MERCANTILE BANK CORP | COM | 587376104 | 1,636 | 46,178 | SH | | SOLE | | 46,178 | 0 | 0 |
MERCHANTS BANCORP IND | COM | 58844R108 | 283 | 10,348 | SH | | SOLE | | 10,348 | 0 | 0 |
MERIDIAN BANCORP INC MD | COM | 58958U103 | 529 | 16,497 | SH | | SOLE | | 16,497 | 0 | 0 |
MID PENN BANCORP INC | COM | 59540G107 | 1,785 | 66,582 | SH | | SOLE | | 66,582 | 0 | 0 |
MIDLAND STS BANCORP INC ILL | COM | 597742105 | 453 | 15,698 | SH | | SOLE | | 15,698 | 0 | 0 |
MIDWESTONE FINL GROUP INC NE | COM | 598511103 | 2,845 | 85,952 | SH | | SOLE | | 85,952 | 0 | 0 |
NORTHFIELD BANCORP INC DEL | COM | 66611T108 | 737 | 51,312 | SH | | SOLE | | 51,312 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 798 | 43,238 | SH | | SOLE | | 43,238 | 0 | 0 |
OLD SECOND BANCORP INC ILL | COM | 680277100 | 649 | 44,721 | SH | | SOLE | | 44,721 | 0 | 0 |
OP BANCORP | COM | 67109R109 | 5,861 | 423,208 | SH | | SOLE | | 423,208 | 0 | 0 |
OPTIMUMBANK HLDGS INC | COM | 68401P403 | 188 | 44,673 | SH | | SOLE | | 44,673 | 0 | 0 |
ORRSTOWN FINL SVCS INC | COM | 687380105 | 849 | 37,018 | SH | | SOLE | | 37,018 | 0 | 0 |
PACWEST BANCORP DEL | COM | 695263103 | 1,021 | 23,679 | SH | | SOLE | | 23,679 | 0 | 0 |
PARKE BANCORP INC | COM | 700885106 | 5,360 | 227,008 | SH | | SOLE | | 227,008 | 0 | 0 |
PATHFINDER BANCORP INC MD | COM | 70319R109 | 204 | 9,293 | SH | | SOLE | | 9,293 | 0 | 0 |
PCB BANCORP | COM | 69320M109 | 4,227 | 184,189 | SH | | SOLE | | 184,189 | 0 | 0 |
PCSB FINL CORP | COM | 69324R104 | 210 | 10,974 | SH | | SOLE | | 10,974 | 0 | 0 |
PEAPACK-GLADSTONE FINL CORP | COM | 704699107 | 2,823 | 81,232 | SH | | SOLE | | 81,232 | 0 | 0 |
PEOPLES BANCORP N C INC | COM | 710577107 | 336 | 11,704 | SH | | SOLE | | 11,704 | 0 | 0 |
PEOPLES FINL SVCS CORP | COM | 711040105 | 252 | 4,999 | SH | | SOLE | | 4,999 | 0 | 0 |
PIONEER BANCORP INC MD | COM | 723561106 | 434 | 41,234 | SH | | SOLE | | 41,234 | 0 | 0 |
PLUMAS BANCORP | COM | 729273102 | 252 | 6,605 | SH | | SOLE | | 6,605 | 0 | 0 |
PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 | 1,202 | 115,788 | SH | | SOLE | | 115,788 | 0 | 0 |
PRIMIS FINANCIAL CORP | COM | 74167B109 | 4,724 | 337,943 | SH | | SOLE | | 337,943 | 0 | 0 |
PRUDENTIAL BANCORP INC NEW | COM | 74431A101 | 275 | 16,685 | SH | | SOLE | | 16,685 | 0 | 0 |
RANDOLPH BANCORP INC | COM | 752378109 | 2,495 | 94,469 | SH | | SOLE | | 94,469 | 0 | 0 |
RBB BANCORP | COM | 74930B105 | 4,824 | 205,354 | SH | | SOLE | | 205,354 | 0 | 0 |
REPUBLIC FIRST BANCORP INC | COM | 760416107 | 8,862 | 1,717,422 | SH | | SOLE | | 1,717,422 | 0 | 0 |
RHINEBECK BANCORP INC | COM | 762093102 | 178 | 17,521 | SH | | SOLE | | 17,521 | 0 | 0 |
RICHMOND MUT BANCORPORATION | COM | 76525P100 | 241 | 14,153 | SH | | SOLE | | 14,153 | 0 | 0 |
SB FINL GROUP INC | COM | 78408D105 | 961 | 48,249 | SH | | SOLE | | 48,249 | 0 | 0 |
SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | 23,400 | 780,000 | SH | Put | SOLE | | 780,000 | 0 | 0 |
SHORE BANCSHARES INC | COM | 825107105 | 2,226 | 108,668 | SH | | SOLE | | 108,668 | 0 | 0 |
SIERRA BANCORP | COM | 82620P102 | 2,918 | 116,794 | SH | | SOLE | | 116,794 | 0 | 0 |
SMARTFINANCIAL INC | COM NEW | 83190L208 | 3,797 | 148,419 | SH | | SOLE | | 148,419 | 0 | 0 |
SOUND FINL BANCORP INC | COM | 83607A100 | 1,349 | 35,398 | SH | | SOLE | | 35,398 | 0 | 0 |
SOUTH PLAINS FINANCIAL INC | COM | 83946P107 | 695 | 26,129 | SH | | SOLE | | 26,129 | 0 | 0 |
SOUTHERN STS BANCSHARES INC | COM | 843878307 | 1,640 | 71,100 | SH | | SOLE | | 71,100 | 0 | 0 |
SPDR SER TR | S&P REGL BKG | 78464A698 | 13,340 | 260,000 | SH | Put | SOLE | | 260,000 | 0 | 0 |
SPIRIT OF TEX BANCSHARES INC | COM | 84861D103 | 1,470 | 55,943 | SH | | SOLE | | 55,943 | 0 | 0 |
SUMMIT FINL GROUP INC | COM | 86606G101 | 824 | 32,213 | SH | | SOLE | | 32,213 | 0 | 0 |
SUMMIT ST BK SANTA ROSA CALI | COM | 866264203 | 1,247 | 72,898 | SH | | SOLE | | 72,898 | 0 | 0 |
TEXAS CAPITAL BANCSHARES INC | COM | 88224Q107 | 10,073 | 175,763 | SH | | SOLE | | 175,763 | 0 | 0 |
TIMBERLAND BANCORP INC | COM | 887098101 | 1,498 | 55,463 | SH | | SOLE | | 55,463 | 0 | 0 |
TRUSTCO BK CORP N Y | COM NEW | 898349204 | 841 | 26,342 | SH | | SOLE | | 26,342 | 0 | 0 |
TRUSTMARK CORP | COM | 898402102 | 219 | 7,205 | SH | | SOLE | | 7,205 | 0 | 0 |
UMPQUA HLDGS CORP | COM | 904214103 | 1,754 | 93,014 | SH | | SOLE | | 93,014 | 0 | 0 |
UNITED BANCSHARES INC OHIO | COM | 909458101 | 592 | 18,499 | SH | | SOLE | | 18,499 | 0 | 0 |
UNITY BANCORP INC | COM | 913290102 | 1,049 | 37,493 | SH | | SOLE | | 37,493 | 0 | 0 |
WESBANCO INC | COM | 950810101 | 528 | 15,366 | SH | | SOLE | | 15,366 | 0 | 0 |
WESTERN NEW ENG BANCORP INC | COM | 958892101 | 2,300 | 257,227 | SH | | SOLE | | 257,227 | 0 | 0 |
WINTRUST FINL CORP | COM | 97650W108 | 1,070 | 11,514 | SH | | SOLE | | 11,514 | 0 | 0 |
WVS FINL CORP | COM | 929358109 | 197 | 12,878 | SH | | SOLE | | 12,878 | 0 | 0 |