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 | 519 | 50,654 | SH | | SOLE | | 50,654 | 0 | 0 |
AFFINITY BANCSHARES INC | COM | 00832E103 | 362 | 24,360 | SH | | SOLE | | 24,360 | 0 | 0 |
AMERIS BANCORP | COM | 03076K108 | 747 | 18,593 | SH | | SOLE | | 18,593 | 0 | 0 |
AMERISERV FINL INC | COM | 03074A102 | 795 | 201,776 | SH | | SOLE | | 201,776 | 0 | 0 |
BANC OF CALIFORNIA INC | COM | 05990K106 | 8,577 | 486,791 | SH | | SOLE | | 486,791 | 0 | 0 |
BANK OF THE JAMES FINL GP IN | COM | 470299108 | 401 | 30,842 | SH | | SOLE | | 30,842 | 0 | 0 |
BANK PRINCETON NEW JERSEY | COM | 064520109 | 2,399 | 87,358 | SH | | SOLE | | 87,358 | 0 | 0 |
BANKFINANCIAL CORP | COM | 06643P104 | 1,859 | 197,981 | SH | | SOLE | | 197,981 | 0 | 0 |
BANKWELL FINL GROUP INC | COM | 06654A103 | 948 | 30,534 | SH | | SOLE | | 30,534 | 0 | 0 |
BAYCOM CORP | COM | 07272M107 | 3,222 | 155,790 | SH | | SOLE | | 155,790 | 0 | 0 |
BCB BANCORP INC | COM | 055298103 | 1,755 | 103,065 | SH | | SOLE | | 103,065 | 0 | 0 |
BERKSHIRE HILLS BANCORP INC | COM | 084680107 | 3,402 | 137,348 | SH | | SOLE | | 137,348 | 0 | 0 |
BLUE FOUNDRY BANCORP | COM | 09549B104 | 265 | 22,123 | SH | | SOLE | | 22,123 | 0 | 0 |
BOGOTA FINL CORP | COM | 097235105 | 258 | 23,005 | SH | | SOLE | | 23,005 | 0 | 0 |
C & F FINL CORP | COM | 12466Q104 | 1,711 | 37,220 | SH | | SOLE | | 37,220 | 0 | 0 |
CAPSTAR FINL HLDGS INC | COM | 14070T102 | 5,522 | 281,466 | SH | | SOLE | | 281,466 | 0 | 0 |
CBM BANCORP INC | COM | 1248XT104 | 1,870 | 106,546 | SH | | SOLE | | 106,546 | 0 | 0 |
CENTRAL VALLEY CMNTY BANCORP | COM | 155685100 | 302 | 20,846 | SH | | SOLE | | 20,846 | 0 | 0 |
CF BANKSHARES INC | COM | 12520L109 | 1,544 | 73,521 | SH | | SOLE | | 73,521 | 0 | 0 |
CHEMUNG FINL CORP | COM | 164024101 | 454 | 9,658 | SH | | SOLE | | 9,658 | 0 | 0 |
CITIZENS CMNTY BANCORP INC M | COM | 174903104 | 496 | 35,838 | SH | | SOLE | | 35,838 | 0 | 0 |
CITIZENS FINL GROUP INC | COM | 174610105 | 339 | 9,500 | SH | | SOLE | | 9,500 | 0 | 0 |
CITIZENS HLDG CO MISS | COM | 174715102 | 300 | 16,655 | SH | | SOLE | | 16,655 | 0 | 0 |
CIVISTA BANCSHARES INC | COM NO PAR | 178867107 | 1,743 | 81,997 | SH | | SOLE | | 81,997 | 0 | 0 |
CNB FINL CORP PA | COM | 126128107 | 1,487 | 61,462 | SH | | SOLE | | 61,462 | 0 | 0 |
CODORUS VY BANCORP INC | COM | 192025104 | 891 | 39,583 | SH | | SOLE | | 39,583 | 0 | 0 |
COLONY BANKCORP INC | COM | 19623P101 | 982 | 65,106 | SH | | SOLE | | 65,106 | 0 | 0 |
COLUMBIA FINL INC | COM | 197641103 | 816 | 37,426 | SH | | SOLE | | 37,426 | 0 | 0 |
COMMUNITY FINL CORP MD | COM | 20368X101 | 5,094 | 138,134 | SH | | SOLE | | 138,134 | 0 | 0 |
COMMUNITY WEST BANCSHARES | COM | 204157101 | 970 | 67,768 | SH | | SOLE | | 67,768 | 0 | 0 |
DIME CMNTY BANCSHARES INC | COM | 25432X102 | 1,691 | 57,028 | SH | | SOLE | | 57,028 | 0 | 0 |
EAGLE BANCORP MONT INC | COM | 26942G100 | 1,123 | 56,399 | SH | | SOLE | | 56,399 | 0 | 0 |
ENTERPRISE BANCORP INC MASS | COM | 293668109 | 2,097 | 65,145 | SH | | SOLE | | 65,145 | 0 | 0 |
ESSA BANCORP INC | COM | 29667D104 | 373 | 22,186 | SH | | SOLE | | 22,186 | 0 | 0 |
F N B CORP | COM | 302520101 | 2,728 | 251,177 | SH | | SOLE | | 251,177 | 0 | 0 |
FFBW INC | COM | 30258M107 | 658 | 54,167 | SH | | SOLE | | 54,167 | 0 | 0 |
FINANCIAL INSTNS INC | COM | 317585404 | 4,560 | 175,247 | SH | | SOLE | | 175,247 | 0 | 0 |
FINWARD BANCORP | COM | 31812F109 | 763 | 20,347 | SH | | SOLE | | 20,347 | 0 | 0 |
FIRST BANK WILLIAMSTOWN NJ | COM | 31931U102 | 3,844 | 274,953 | SH | | SOLE | | 274,953 | 0 | 0 |
FIRST BUS FINL SVCS INC WIS | COM | 319390100 | 1,367 | 43,832 | SH | | SOLE | | 43,832 | 0 | 0 |
FIRST CMNTY CORP S C | COM | 319835104 | 1,424 | 74,273 | SH | | SOLE | | 74,273 | 0 | 0 |
FIRST FINANCIAL NORTHWEST IN | COM | 32022K102 | 2,599 | 167,268 | SH | | SOLE | | 167,268 | 0 | 0 |
FIRST FINL CORP IND | COM | 320218100 | 4,155 | 93,379 | SH | | SOLE | | 93,379 | 0 | 0 |
FIRST LONG IS CORP | COM | 320734106 | 1,735 | 98,953 | SH | | SOLE | | 98,953 | 0 | 0 |
FIRST NATL CORP | COM | 32106V107 | 261 | 14,283 | SH | | SOLE | | 14,283 | 0 | 0 |
FIRST NORTHWEST BANCORP | COM | 335834107 | 1,676 | 107,439 | SH | | SOLE | | 107,439 | 0 | 0 |
FIRST SEACOAST BANCORP | COM | 33631P102 | 139 | 12,994 | SH | | SOLE | | 12,994 | 0 | 0 |
FIRST SVGS FINL GROUP INC | COM | 33621E109 | 779 | 32,544 | SH | | SOLE | | 32,544 | 0 | 0 |
FIRST US BANCSHARES INC | COM | 33744V103 | 1,018 | 92,559 | SH | | SOLE | | 92,559 | 0 | 0 |
FLUSHING FINL CORP | COM | 343873105 | 3,091 | 145,410 | SH | | SOLE | | 145,410 | 0 | 0 |
FNCB BANCORP INC | COM | 302578109 | 722 | 90,216 | SH | | SOLE | | 90,216 | 0 | 0 |
FRANKLIN FINL SVCS CORP | COM | 353525108 | 387 | 12,816 | SH | | SOLE | | 12,816 | 0 | 0 |
FS BANCORP INC | COM | 30263Y104 | 5,732 | 199,640 | SH | | SOLE | | 199,640 | 0 | 0 |
GENERATIONS BANCORP NY INC | COM | 37149G108 | 250 | 21,938 | SH | | SOLE | | 21,938 | 0 | 0 |
GLEN BURNIE BANCORP | COM | 377407101 | 256 | 24,100 | SH | | SOLE | | 24,100 | 0 | 0 |
GREAT SOUTHN BANCORP INC | COM | 390905107 | 794 | 13,557 | SH | | SOLE | | 13,557 | 0 | 0 |
HARBORONE BANCORP INC NEW | COM NEW | 41165Y100 | 1,514 | 109,760 | SH | | SOLE | | 109,760 | 0 | 0 |
HERITAGE COMMERCE CORP | COM | 426927109 | 2,668 | 249,534 | SH | | SOLE | | 249,534 | 0 | 0 |
HILLTOP HOLDINGS INC | COM | 432748101 | 3,568 | 133,828 | SH | | SOLE | | 133,828 | 0 | 0 |
HMN FINL INC | COM | 40424G108 | 913 | 39,554 | SH | | SOLE | | 39,554 | 0 | 0 |
HOME BANCORP INC | COM | 43689E107 | 1,627 | 47,671 | SH | | SOLE | | 47,671 | 0 | 0 |
IF BANCORP INC | COM | 44951J105 | 211 | 11,121 | SH | | SOLE | | 11,121 | 0 | 0 |
INDEPENDENT BK CORP MASS | COM | 453836108 | 1,759 | 91,225 | SH | | SOLE | | 91,225 | 0 | 0 |
INTERNATIONAL BANCSHARES COR | COM | 459044103 | 5,989 | 149,435 | SH | | SOLE | | 149,435 | 0 | 0 |
INVESTAR HLDG CORP | COM | 46134L105 | 371 | 16,935 | SH | | SOLE | | 16,935 | 0 | 0 |
KEARNY FINL CORP MD | COM | 48716P108 | 474 | 42,669 | SH | | SOLE | | 42,669 | 0 | 0 |
KENTUCKY FIRST FED BANCORP | COM | 491292108 | 166 | 20,826 | SH | | SOLE | | 20,826 | 0 | 0 |
LAKE SHORE BANCORP INC | COM | 510700107 | 236 | 16,869 | SH | | SOLE | | 16,869 | 0 | 0 |
LAKELAND BANCORP INC | COM | 511637100 | 4,689 | 320,754 | SH | | SOLE | | 320,754 | 0 | 0 |
LIMESTONE BANCORP INC | COM | 53262L105 | 996 | 54,110 | SH | | SOLE | | 54,110 | 0 | 0 |
MACATAWA BK CORP | COM | 554225102 | 2,585 | 292,438 | SH | | SOLE | | 292,438 | 0 | 0 |
MAGYAR BANCORP INC | COM | 55977T208 | 327 | 27,631 | SH | | SOLE | | 27,631 | 0 | 0 |
MAINSTREET BANCSHARES INC | COM | 56064Y100 | 654 | 28,732 | SH | | SOLE | | 28,732 | 0 | 0 |
MALVERN BANCORP INC | COM | 561409103 | 793 | 49,326 | SH | | SOLE | | 49,326 | 0 | 0 |
MERCANTILE BANK CORP | COM | 587376104 | 1,383 | 43,278 | SH | | SOLE | | 43,278 | 0 | 0 |
MERCHANTS BANCORP IND | COM | 58844R108 | 235 | 10,348 | SH | | SOLE | | 10,348 | 0 | 0 |
MERIDIAN BANCORP INC MD | COM | 58958U103 | 497 | 16,397 | SH | | SOLE | | 16,397 | 0 | 0 |
MID PENN BANCORP INC | COM | 59540G107 | 1,246 | 46,205 | SH | | SOLE | | 46,205 | 0 | 0 |
MIDWESTONE FINL GROUP INC NE | COM | 598511103 | 2,614 | 87,952 | SH | | SOLE | | 87,952 | 0 | 0 |
NORTHFIELD BANCORP INC DEL | COM | 66611T108 | 1,619 | 124,234 | SH | | SOLE | | 124,234 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 761 | 44,272 | SH | | SOLE | | 44,272 | 0 | 0 |
OP BANCORP | COM | 67109R109 | 4,249 | 405,026 | SH | | SOLE | | 405,026 | 0 | 0 |
OPTIMUMBANK HLDGS INC | COM | 68401P403 | 212 | 52,937 | SH | | SOLE | | 52,937 | 0 | 0 |
ORRSTOWN FINL SVCS INC | COM | 687380105 | 960 | 39,724 | SH | | SOLE | | 39,724 | 0 | 0 |
PACWEST BANCORP DEL | COM | 695263103 | 4,014 | 150,565 | SH | | SOLE | | 150,565 | 0 | 0 |
PARKE BANCORP INC | COM | 700885106 | 4,330 | 206,570 | SH | | SOLE | | 206,570 | 0 | 0 |
PCB BANCORP | COM | 69320M109 | 2,510 | 134,358 | SH | | SOLE | | 134,358 | 0 | 0 |
PCSB FINL CORP | COM | 69324R104 | 1,311 | 68,683 | SH | | SOLE | | 68,683 | 0 | 0 |
PEAPACK-GLADSTONE FINL CORP | COM | 704699107 | 2,179 | 73,382 | SH | | SOLE | | 73,382 | 0 | 0 |
PEOPLES BANCORP N C INC | COM | 710577107 | 310 | 11,400 | SH | | SOLE | | 11,400 | 0 | 0 |
PIONEER BANCORP INC MD | COM | 723561106 | 723 | 73,808 | SH | | SOLE | | 73,808 | 0 | 0 |
PLUMAS BANCORP | COM | 729273102 | 217 | 7,600 | SH | | SOLE | | 7,600 | 0 | 0 |
PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 | 1,165 | 126,063 | SH | | SOLE | | 126,063 | 0 | 0 |
PRIMIS FINANCIAL CORP | COM | 74167B109 | 4,710 | 345,558 | SH | | SOLE | | 345,558 | 0 | 0 |
PRUDENTIAL BANCORP INC NEW | COM | 74431A101 | 487 | 32,196 | SH | | SOLE | | 32,196 | 0 | 0 |
RANDOLPH BANCORP INC | COM | 752378109 | 2,499 | 94,469 | SH | | SOLE | | 94,469 | 0 | 0 |
RBB BANCORP | COM | 74930B105 | 4,245 | 205,354 | SH | | SOLE | | 205,354 | 0 | 0 |
REPUBLIC FIRST BANCORP INC | COM | 760416107 | 6,363 | 1,669,991 | SH | | SOLE | | 1,669,991 | 0 | 0 |
RHINEBECK BANCORP INC | COM | 762093102 | 182 | 19,628 | SH | | SOLE | | 19,628 | 0 | 0 |
RICHMOND MUT BANCORPORATION | COM | 76525P100 | 198 | 14,153 | SH | | SOLE | | 14,153 | 0 | 0 |
SB FINL GROUP INC | COM | 78408D105 | 791 | 45,849 | SH | | SOLE | | 45,849 | 0 | 0 |
SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | 42,560 | 1,330,000 | SH | Put | SOLE | | 1,330,000 | 0 | 0 |
SHORE BANCSHARES INC | COM | 825107105 | 1,990 | 107,579 | SH | | SOLE | | 107,579 | 0 | 0 |
SIERRA BANCORP | COM | 82620P102 | 2,809 | 129,291 | SH | | SOLE | | 129,291 | 0 | 0 |
SMARTFINANCIAL INC | COM NEW | 83190L208 | 3,481 | 144,082 | SH | | SOLE | | 144,082 | 0 | 0 |
SOUND FINL BANCORP INC | COM | 83607A100 | 1,064 | 28,032 | SH | | SOLE | | 28,032 | 0 | 0 |
SOUTH PLAINS FINANCIAL INC | COM | 83946P107 | 584 | 24,201 | SH | | SOLE | | 24,201 | 0 | 0 |
SOUTHERN STS BANCSHARES INC | COM | 843878307 | 1,574 | 70,000 | SH | | SOLE | | 70,000 | 0 | 0 |
SUMMIT FINL GROUP INC | COM | 86606G101 | 906 | 32,613 | SH | | SOLE | | 32,613 | 0 | 0 |
SUMMIT ST BK SANTA ROSA CALI | COM | 866264203 | 1,064 | 69,887 | SH | | SOLE | | 69,887 | 0 | 0 |
TC BANCSHARES INC | COM | 87224V108 | 164 | 12,077 | SH | | SOLE | | 12,077 | 0 | 0 |
TEXAS CAPITAL BANCSHARES INC | COM | 88224Q107 | 9,737 | 184,965 | SH | | SOLE | | 184,965 | 0 | 0 |
TIMBERLAND BANCORP INC | COM | 887098101 | 1,379 | 55,163 | SH | | SOLE | | 55,163 | 0 | 0 |
TRUSTCO BK CORP N Y | COM NEW | 898349204 | 674 | 21,842 | SH | | SOLE | | 21,842 | 0 | 0 |
UMPQUA HLDGS CORP | COM | 904214103 | 1,724 | 102,814 | SH | | SOLE | | 102,814 | 0 | 0 |
UNITED BANCSHARES INC OHIO | COM | 909458101 | 524 | 18,399 | SH | | SOLE | | 18,399 | 0 | 0 |
UNITY BANCORP INC | COM | 913290102 | 967 | 36,521 | SH | | SOLE | | 36,521 | 0 | 0 |
WESTERN NEW ENG BANCORP INC | COM | 958892101 | 1,985 | 266,060 | SH | | SOLE | | 266,060 | 0 | 0 |
WVS FINL CORP | COM | 929358109 | 188 | 12,628 | SH | | SOLE | | 12,628 | 0 | 0 |