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 | 527 | 50,654 | SH | | SOLE | | 50,654 | 0 | 0 |
AFFINITY BANCSHARES INC | COM | 00832E103 | 356 | 24,360 | SH | | SOLE | | 24,360 | 0 | 0 |
AMERIS BANCORP | COM | 03076K108 | 268 | 5,993 | SH | | SOLE | | 5,993 | 0 | 0 |
AMERISERV FINL INC | COM | 03074A102 | 517 | 135,941 | SH | | SOLE | | 135,941 | 0 | 0 |
BANC OF CALIFORNIA INC | COM | 05990K106 | 7,463 | 467,291 | SH | | SOLE | | 467,291 | 0 | 0 |
BANK OF THE JAMES FINL GP IN | COM | 470299108 | 415 | 32,833 | SH | | SOLE | | 32,833 | 0 | 0 |
BANK PRINCETON NEW JERSEY | COM | 064520109 | 2,522 | 88,959 | SH | | SOLE | | 88,959 | 0 | 0 |
BANKFINANCIAL CORP | COM | 06643P104 | 1,873 | 197,981 | SH | | SOLE | | 197,981 | 0 | 0 |
BANKUNITED INC | COM | 06652K103 | 541 | 15,825 | SH | | SOLE | | 15,825 | 0 | 0 |
BANKWELL FINL GROUP INC | COM | 06654A103 | 1,204 | 41,369 | SH | | SOLE | | 41,369 | 0 | 0 |
BAYCOM CORP | COM | 07272M107 | 3,417 | 194,369 | SH | | SOLE | | 194,369 | 0 | 0 |
BCB BANCORP INC | COM | 055298103 | 1,735 | 103,065 | SH | | SOLE | | 103,065 | 0 | 0 |
BERKSHIRE HILLS BANCORP INC | COM | 084680107 | 499 | 18,285 | SH | | SOLE | | 18,285 | 0 | 0 |
BLUE FOUNDRY BANCORP | COM | 09549B104 | 705 | 63,243 | SH | | SOLE | | 63,243 | 0 | 0 |
BOGOTA FINL CORP | COM | 097235105 | 339 | 30,738 | SH | | SOLE | | 30,738 | 0 | 0 |
BYLINE BANCORP INC | COM | 124411109 | 474 | 23,429 | SH | | SOLE | | 23,429 | 0 | 0 |
C & F FINL CORP | COM | 12466Q104 | 1,863 | 34,820 | SH | | SOLE | | 34,820 | 0 | 0 |
CAPSTAR FINL HLDGS INC | COM | 14070T102 | 4,013 | 216,592 | SH | | SOLE | | 216,592 | 0 | 0 |
CENTRAL VALLEY CMNTY BANCORP | COM | 155685100 | 330 | 18,637 | SH | | SOLE | | 18,637 | 0 | 0 |
CF BANKSHARES INC | COM | 12520L109 | 1,516 | 73,521 | SH | | SOLE | | 73,521 | 0 | 0 |
CHEMUNG FINL CORP | COM | 164024101 | 421 | 10,058 | SH | | SOLE | | 10,058 | 0 | 0 |
CITIZENS CMNTY BANCORP INC M | COM | 174903104 | 461 | 37,839 | SH | | SOLE | | 37,839 | 0 | 0 |
CITIZENS FINL GROUP INC | COM | 174610105 | 1,175 | 34,200 | SH | | SOLE | | 34,200 | 0 | 0 |
CITIZENS HLDG CO MISS | COM | 174715102 | 268 | 17,505 | SH | | SOLE | | 17,505 | 0 | 0 |
CIVISTA BANCSHARES INC | COM NO PAR | 178867107 | 1,981 | 95,419 | SH | | SOLE | | 95,419 | 0 | 0 |
CNB FINL CORP PA | COM | 126128107 | 1,250 | 53,016 | SH | | SOLE | | 53,016 | 0 | 0 |
CODORUS VY BANCORP INC | COM | 192025104 | 948 | 50,343 | SH | | SOLE | | 50,343 | 0 | 0 |
COLONY BANKCORP INC | COM | 19623P101 | 499 | 38,285 | SH | | SOLE | | 38,285 | 0 | 0 |
COLUMBIA FINL INC | COM | 197641103 | 618 | 29,226 | SH | | SOLE | | 29,226 | 0 | 0 |
COMMUNITY FINL CORP MD | COM | 20368X101 | 4,516 | 131,654 | SH | | SOLE | | 131,654 | 0 | 0 |
COMMUNITY WEST BANCSHARES | COM | 204157101 | 936 | 67,068 | SH | | SOLE | | 67,068 | 0 | 0 |
DIME CMNTY BANCSHARES INC | COM | 25432X102 | 1,670 | 57,028 | SH | | SOLE | | 57,028 | 0 | 0 |
EAGLE BANCORP INC MD | COM | 268948106 | 215 | 4,800 | SH | | SOLE | | 4,800 | 0 | 0 |
EAGLE BANCORP MONT INC | COM | 26942G100 | 1,072 | 56,399 | SH | | SOLE | | 56,399 | 0 | 0 |
ENTERPRISE BANCORP INC MASS | COM | 293668109 | 1,952 | 65,247 | SH | | SOLE | | 65,247 | 0 | 0 |
ESSA BANCORP INC | COM | 29667D104 | 218 | 11,220 | SH | | SOLE | | 11,220 | 0 | 0 |
F N B CORP | COM | 302520101 | 189 | 16,336 | SH | | SOLE | | 16,336 | 0 | 0 |
FFBW INC | COM | 30258M107 | 610 | 51,270 | SH | | SOLE | | 51,270 | 0 | 0 |
FINANCIAL INSTNS INC | COM | 317585404 | 4,206 | 174,747 | SH | | SOLE | | 174,747 | 0 | 0 |
FINWARD BANCORP | COM | 31812F109 | 692 | 20,347 | SH | | SOLE | | 20,347 | 0 | 0 |
FIRST BANK WILLIAMSTOWN NJ | COM | 31931U102 | 3,759 | 274,953 | SH | | SOLE | | 274,953 | 0 | 0 |
FIRST BUS FINL SVCS INC WIS | COM | 319390100 | 364 | 11,279 | SH | | SOLE | | 11,279 | 0 | 0 |
FIRST CAP INC | COM | 31942S104 | 365 | 14,180 | SH | | SOLE | | 14,180 | 0 | 0 |
FIRST CMNTY CORP S C | COM | 319835104 | 1,300 | 74,273 | SH | | SOLE | | 74,273 | 0 | 0 |
FIRST FINANCIAL NORTHWEST IN | COM | 32022K102 | 2,465 | 166,132 | SH | | SOLE | | 166,132 | 0 | 0 |
FIRST FINL CORP IND | COM | 320218100 | 3,843 | 85,034 | SH | | SOLE | | 85,034 | 0 | 0 |
FIRST FNDTN INC | COM | 32026V104 | 225 | 12,428 | SH | | SOLE | | 12,428 | 0 | 0 |
FIRST LONG IS CORP | COM | 320734106 | 1,706 | 98,953 | SH | | SOLE | | 98,953 | 0 | 0 |
FIRST NATL CORP | COM | 32106V107 | 323 | 21,116 | SH | | SOLE | | 21,116 | 0 | 0 |
FIRST NORTHWEST BANCORP | COM | 335834107 | 1,667 | 103,519 | SH | | SOLE | | 103,519 | 0 | 0 |
FIRST SEACOAST BANCORP | COM | 33631P102 | 196 | 18,983 | SH | | SOLE | | 18,983 | 0 | 0 |
FIRST SVGS FINL GROUP INC | COM | 33621E109 | 748 | 32,544 | SH | | SOLE | | 32,544 | 0 | 0 |
FIRST US BANCSHARES INC | COM | 33744V103 | 732 | 91,959 | SH | | SOLE | | 91,959 | 0 | 0 |
FLUSHING FINL CORP | COM | 343873105 | 2,666 | 137,610 | SH | | SOLE | | 137,610 | 0 | 0 |
FNCB BANCORP INC | COM | 302578109 | 647 | 86,116 | SH | | SOLE | | 86,116 | 0 | 0 |
FRANKLIN FINL SVCS CORP | COM | 353525108 | 404 | 12,816 | SH | | SOLE | | 12,816 | 0 | 0 |
FS BANCORP INC | COM | 30263Y104 | 5,469 | 200,640 | SH | | SOLE | | 200,640 | 0 | 0 |
FULTON FINL CORP PA | COM | 360271100 | 406 | 25,673 | SH | | SOLE | | 25,673 | 0 | 0 |
GENERATIONS BANCORP NY INC | COM | 37149G108 | 242 | 21,938 | SH | | SOLE | | 21,938 | 0 | 0 |
GLEN BURNIE BANCORP | COM | 377407101 | 219 | 23,205 | SH | | SOLE | | 23,205 | 0 | 0 |
HARBORONE BANCORP INC NEW | COM NEW | 41165Y100 | 1,486 | 110,760 | SH | | SOLE | | 110,760 | 0 | 0 |
HERITAGE COMMERCE CORP | COM | 426927109 | 1,319 | 116,357 | SH | | SOLE | | 116,357 | 0 | 0 |
HILLTOP HOLDINGS INC | COM | 432748101 | 3,358 | 135,128 | SH | | SOLE | | 135,128 | 0 | 0 |
HMN FINL INC | COM | 40424G108 | 886 | 39,554 | SH | | SOLE | | 39,554 | 0 | 0 |
HOME BANCORP INC | COM | 43689E107 | 1,702 | 43,644 | SH | | SOLE | | 43,644 | 0 | 0 |
HOPE BANCORP INC | COM | 43940T109 | 543 | 42,933 | SH | | SOLE | | 42,933 | 0 | 0 |
IF BANCORP INC | COM | 44951J105 | 211 | 11,121 | SH | | SOLE | | 11,121 | 0 | 0 |
INDEPENDENT BK CORP MASS | COM | 453836108 | 1,742 | 91,225 | SH | | SOLE | | 91,225 | 0 | 0 |
INTERNATIONAL BANCSHARES COR | COM | 459044103 | 4,450 | 104,702 | SH | | SOLE | | 104,702 | 0 | 0 |
KEARNY FINL CORP MD | COM | 48716P108 | 1,610 | 151,564 | SH | | SOLE | | 151,564 | 0 | 0 |
KENTUCKY FIRST FED BANCORP | COM | 491292108 | 150 | 20,826 | SH | | SOLE | | 20,826 | 0 | 0 |
LAKE SHORE BANCORP INC | COM | 510700107 | 227 | 17,245 | SH | | SOLE | | 17,245 | 0 | 0 |
LAKELAND BANCORP INC | COM | 511637100 | 5,540 | 346,018 | SH | | SOLE | | 346,018 | 0 | 0 |
LIMESTONE BANCORP INC | COM | 53262L105 | 1,052 | 53,610 | SH | | SOLE | | 53,610 | 0 | 0 |
MACATAWA BK CORP | COM | 554225102 | 2,708 | 292,438 | SH | | SOLE | | 292,438 | 0 | 0 |
MAGYAR BANCORP INC | COM | 55977T208 | 345 | 27,774 | SH | | SOLE | | 27,774 | 0 | 0 |
MAINSTREET BANCSHARES INC | COM | 56064Y100 | 719 | 31,501 | SH | | SOLE | | 31,501 | 0 | 0 |
MALVERN BANCORP INC | COM | 561409103 | 702 | 48,826 | SH | | SOLE | | 48,826 | 0 | 0 |
MERCANTILE BANK CORP | COM | 587376104 | 992 | 33,378 | SH | | SOLE | | 33,378 | 0 | 0 |
MERCHANTS BANCORP IND | COM | 58844R108 | 239 | 10,348 | SH | | SOLE | | 10,348 | 0 | 0 |
MERIDIAN BANCORP INC MD | COM | 58958U103 | 557 | 19,097 | SH | | SOLE | | 19,097 | 0 | 0 |
MID PENN BANCORP INC | COM | 59540G107 | 1,069 | 37,219 | SH | | SOLE | | 37,219 | 0 | 0 |
MIDWESTONE FINL GROUP INC NE | COM | 598511103 | 2,193 | 80,346 | SH | | SOLE | | 80,346 | 0 | 0 |
NORTHFIELD BANCORP INC DEL | COM | 66611T108 | 1,804 | 126,034 | SH | | SOLE | | 126,034 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 786 | 43,972 | SH | | SOLE | | 43,972 | 0 | 0 |
OP BANCORP | COM | 67109R109 | 3,863 | 347,409 | SH | | SOLE | | 347,409 | 0 | 0 |
OPTIMUMBANK HLDGS INC | COM | 68401P403 | 215 | 52,937 | SH | | SOLE | | 52,937 | 0 | 0 |
ORRSTOWN FINL SVCS INC | COM | 687380105 | 249 | 10,397 | SH | | SOLE | | 10,397 | 0 | 0 |
PACWEST BANCORP DEL | COM | 695263103 | 9,118 | 403,472 | SH | | SOLE | | 403,472 | 0 | 0 |
PARKE BANCORP INC | COM | 700885106 | 4,223 | 201,476 | SH | | SOLE | | 201,476 | 0 | 0 |
PCB BANCORP | COM | 69320M109 | 2,013 | 111,410 | SH | | SOLE | | 111,410 | 0 | 0 |
PCSB FINL CORP | COM | 69324R104 | 5,051 | 281,690 | SH | | SOLE | | 281,690 | 0 | 0 |
PEAPACK-GLADSTONE FINL CORP | COM | 704699107 | 1,905 | 56,612 | SH | | SOLE | | 56,612 | 0 | 0 |
PEOPLES BANCORP N C INC | COM | 710577107 | 283 | 11,400 | SH | | SOLE | | 11,400 | 0 | 0 |
PIONEER BANCORP INC MD | COM | 723561106 | 795 | 83,505 | SH | | SOLE | | 83,505 | 0 | 0 |
PLUMAS BANCORP | COM | 729273102 | 208 | 7,315 | SH | | SOLE | | 7,315 | 0 | 0 |
PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 | 1,155 | 126,063 | SH | | SOLE | | 126,063 | 0 | 0 |
PRIMIS FINANCIAL CORP | COM | 74167B109 | 4,171 | 343,858 | SH | | SOLE | | 343,858 | 0 | 0 |
RANDOLPH BANCORP INC | COM | 752378109 | 2,547 | 94,469 | SH | | SOLE | | 94,469 | 0 | 0 |
RBB BANCORP | COM | 74930B105 | 4,267 | 205,354 | SH | | SOLE | | 205,354 | 0 | 0 |
REPUBLIC FIRST BANCORP INC | COM | 760416107 | 4,726 | 1,669,991 | SH | | SOLE | | 1,669,991 | 0 | 0 |
RHINEBECK BANCORP INC | COM | 762093102 | 191 | 19,628 | SH | | SOLE | | 19,628 | 0 | 0 |
RICHMOND MUT BANCORPORATION | COM | 76525P100 | 196 | 14,559 | SH | | SOLE | | 14,559 | 0 | 0 |
SB FINL GROUP INC | COM | 78408D105 | 754 | 44,722 | SH | | SOLE | | 44,722 | 0 | 0 |
SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | 44,160 | 1,380,000 | SH | Put | SOLE | | 1,380,000 | 0 | 0 |
SHORE BANCSHARES INC | COM | 825107105 | 1,863 | 107,579 | SH | | SOLE | | 107,579 | 0 | 0 |
SIERRA BANCORP | COM | 82620P102 | 2,753 | 139,415 | SH | | SOLE | | 139,415 | 0 | 0 |
SMARTFINANCIAL INC | COM NEW | 83190L208 | 3,560 | 144,082 | SH | | SOLE | | 144,082 | 0 | 0 |
SOUND FINL BANCORP INC | COM | 83607A100 | 951 | 23,477 | SH | | SOLE | | 23,477 | 0 | 0 |
SOUTHERN STS BANCSHARES INC | COM | 843878307 | 1,830 | 67,153 | SH | | SOLE | | 67,153 | 0 | 0 |
SUMMIT FINL GROUP INC | COM | 86606G101 | 879 | 32,613 | SH | | SOLE | | 32,613 | 0 | 0 |
SUMMIT ST BK SANTA ROSA CALI | COM | 866264203 | 959 | 66,087 | SH | | SOLE | | 66,087 | 0 | 0 |
TC BANCSHARES INC | COM | 87224V108 | 177 | 12,277 | SH | | SOLE | | 12,277 | 0 | 0 |
TEXAS CAPITAL BANCSHARES INC | COM | 88224Q107 | 10,888 | 184,445 | SH | | SOLE | | 184,445 | 0 | 0 |
THIRD COAST BANCSHARES INC | COM | 88422P109 | 253 | 14,783 | SH | | SOLE | | 14,783 | 0 | 0 |
TIMBERLAND BANCORP INC | COM | 887098101 | 1,456 | 52,659 | SH | | SOLE | | 52,659 | 0 | 0 |
TRUSTCO BK CORP N Y | COM NEW | 898349204 | 391 | 12,442 | SH | | SOLE | | 12,442 | 0 | 0 |
UMPQUA HLDGS CORP | COM | 904214103 | 1,757 | 102,814 | SH | | SOLE | | 102,814 | 0 | 0 |
UNITED SEC BANCSHARES CALIF | COM | 911460103 | 99 | 15,251 | SH | | SOLE | | 15,251 | 0 | 0 |
UNITY BANCORP INC | COM | 913290102 | 917 | 36,521 | SH | | SOLE | | 36,521 | 0 | 0 |
VERITEX HLDGS INC | COM | 923451108 | 415 | 15,624 | SH | | SOLE | | 15,624 | 0 | 0 |
WESTERN NEW ENG BANCORP INC | COM | 958892101 | 2,163 | 266,060 | SH | | SOLE | | 266,060 | 0 | 0 |