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 | 501,420 | 50,142 | SH | | SOLE | | 50,142 | 0 | 0 |
AFFINITY BANCSHARES INC | COM | 00832E103 | 348,206 | 23,060 | SH | | SOLE | | 23,060 | 0 | 0 |
AMERISERV FINL INC | COM | 03074A102 | 533,716 | 135,461 | SH | | SOLE | | 135,461 | 0 | 0 |
BANC OF CALIFORNIA INC | COM | 05990K106 | 7,336,163 | 460,525 | SH | | SOLE | | 460,525 | 0 | 0 |
BANK OF THE JAMES FINL GP IN | COM | 470299108 | 530,853 | 44,572 | SH | | SOLE | | 44,572 | 0 | 0 |
BANK PRINCETON NEW JERSEY | COM | 064520109 | 2,779,719 | 87,633 | SH | | SOLE | | 87,633 | 0 | 0 |
BANKFINANCIAL CORP | COM | 06643P104 | 1,742,368 | 165,467 | SH | | SOLE | | 165,467 | 0 | 0 |
BANKWELL FINL GROUP INC | COM | 06654A103 | 1,408,814 | 47,870 | SH | | SOLE | | 47,870 | 0 | 0 |
BAYCOM CORP | COM | 07272M107 | 3,748,284 | 197,486 | SH | | SOLE | | 197,486 | 0 | 0 |
BCB BANCORP INC | COM | 055298103 | 1,830,339 | 101,742 | SH | | SOLE | | 101,742 | 0 | 0 |
BLUE FOUNDRY BANCORP | COM | 09549B104 | 851,415 | 66,258 | SH | | SOLE | | 66,258 | 0 | 0 |
BOGOTA FINL CORP | COM | 097235105 | 522,352 | 46,722 | SH | | SOLE | | 46,722 | 0 | 0 |
BYLINE BANCORP INC | COM | 124411109 | 596,875 | 25,985 | SH | | SOLE | | 25,985 | 0 | 0 |
C & F FINL CORP | COM | 12466Q104 | 1,985,842 | 34,080 | SH | | SOLE | | 34,080 | 0 | 0 |
CAPSTAR FINL HLDGS INC | COM | 14070T102 | 3,764,600 | 213,171 | SH | | SOLE | | 213,171 | 0 | 0 |
CENTRAL VALLEY CMNTY BANCORP | COM | 155685100 | 394,732 | 18,637 | SH | | SOLE | | 18,637 | 0 | 0 |
CF BANKSHARES INC | COM | 12520L109 | 1,535,974 | 72,520 | SH | | SOLE | | 72,520 | 0 | 0 |
CHEMUNG FINL CORP | COM | 164024101 | 534,752 | 11,658 | SH | | SOLE | | 11,658 | 0 | 0 |
CHOICEONE FINL SVCS INC | COM | 170386106 | 258,390 | 8,910 | SH | | SOLE | | 8,910 | 0 | 0 |
CITIZENS CMNTY BANCORP INC M | COM | 174903104 | 497,176 | 41,328 | SH | | SOLE | | 41,328 | 0 | 0 |
CITIZENS HLDG CO MISS | COM | 174715102 | 344,363 | 25,136 | SH | | SOLE | | 25,136 | 0 | 0 |
CIVISTA BANCSHARES INC | COM NO PAR | 178867107 | 666,573 | 30,285 | SH | | SOLE | | 30,285 | 0 | 0 |
CNB FINL CORP PA | COM | 126128107 | 1,238,912 | 52,077 | SH | | SOLE | | 52,077 | 0 | 0 |
CODORUS VY BANCORP INC | COM | 192025104 | 1,310,714 | 55,072 | SH | | SOLE | | 55,072 | 0 | 0 |
COLONY BANKCORP INC | COM | 19623P101 | 201,631 | 15,889 | SH | | SOLE | | 15,889 | 0 | 0 |
COLUMBIA FINL INC | COM | 197641103 | 582,140 | 26,926 | SH | | SOLE | | 26,926 | 0 | 0 |
COMMUNITY FINL CORP MD | COM | 20368X101 | 5,064,826 | 126,938 | SH | | SOLE | | 126,938 | 0 | 0 |
COMMUNITY WEST BANCSHARES | COM | 204157101 | 931,089 | 62,197 | SH | | SOLE | | 62,197 | 0 | 0 |
CONNECTONE BANCORP INC | COM | 20786W107 | 382,324 | 15,792 | SH | | SOLE | | 15,792 | 0 | 0 |
DIME CMNTY BANCSHARES INC | COM | 25432X102 | 1,718,756 | 53,998 | SH | | SOLE | | 53,998 | 0 | 0 |
EAGLE BANCORP INC MD | COM | 268948106 | 203,119 | 4,609 | SH | | SOLE | | 4,609 | 0 | 0 |
EAGLE BANCORP MONT INC | COM | 26942G100 | 911,408 | 56,399 | SH | | SOLE | | 56,399 | 0 | 0 |
ENTERPRISE BANCORP INC MASS | COM | 293668109 | 2,314,056 | 65,554 | SH | | SOLE | | 65,554 | 0 | 0 |
FFBW INC MD | COM | 30260M103 | 595,245 | 51,270 | SH | | SOLE | | 51,270 | 0 | 0 |
FINANCIAL INSTNS INC | COM | 317585404 | 3,864,738 | 158,651 | SH | | SOLE | | 158,651 | 0 | 0 |
FIRST BANK WILLIAMSTOWN NJ | COM | 31931U102 | 3,685,107 | 267,813 | SH | | SOLE | | 267,813 | 0 | 0 |
FIRST CAP INC | COM | 31942S104 | 561,146 | 22,536 | SH | | SOLE | | 22,536 | 0 | 0 |
FIRST CMNTY CORP S C | COM | 319835104 | 1,573,388 | 71,877 | SH | | SOLE | | 71,877 | 0 | 0 |
FIRST FINANCIAL NORTHWEST IN | COM | 32022K102 | 2,482,665 | 165,732 | SH | | SOLE | | 165,732 | 0 | 0 |
FIRST FINL CORP IND | COM | 320218100 | 3,592,212 | 77,956 | SH | | SOLE | | 77,956 | 0 | 0 |
FIRST FNDTN INC | COM | 32026V104 | 2,908,173 | 202,943 | SH | | SOLE | | 202,943 | 0 | 0 |
FIRST LONG IS CORP | COM | 320734106 | 1,781,154 | 98,953 | SH | | SOLE | | 98,953 | 0 | 0 |
FIRST NATL CORP | COM | 32106V107 | 428,935 | 25,040 | SH | | SOLE | | 25,040 | 0 | 0 |
FIRST NORTHWEST BANCORP | COM | 335834107 | 1,549,240 | 100,862 | SH | | SOLE | | 100,862 | 0 | 0 |
FIRST SEACOAST BANCORP | COM | 33631P102 | 460,807 | 48,252 | SH | | SOLE | | 48,252 | 0 | 0 |
FIRST SVGS FINL GROUP INC | COM | 33621E109 | 671,200 | 33,560 | SH | | SOLE | | 33,560 | 0 | 0 |
FIRST US BANCSHARES INC | COM | 33744V103 | 794,732 | 91,559 | SH | | SOLE | | 91,559 | 0 | 0 |
FIRST UTD CORP | COM | 33741H107 | 223,126 | 11,355 | SH | | SOLE | | 11,355 | 0 | 0 |
FLUSHING FINL CORP | COM | 343873105 | 2,655,254 | 137,010 | SH | | SOLE | | 137,010 | 0 | 0 |
FNCB BANCORP INC | COM | 302578109 | 677,448 | 82,515 | SH | | SOLE | | 82,515 | 0 | 0 |
FRANKLIN FINL SVCS CORP | COM | 353525108 | 474,751 | 13,151 | SH | | SOLE | | 13,151 | 0 | 0 |
FS BANCORP INC | COM | 30263Y104 | 6,174,629 | 184,648 | SH | | SOLE | | 184,648 | 0 | 0 |
GENERATIONS BANCORP NY INC | COM | 37149G108 | 236,930 | 21,938 | SH | | SOLE | | 21,938 | 0 | 0 |
GLEN BURNIE BANCORP | COM | 377407101 | 189,252 | 22,774 | SH | | SOLE | | 22,774 | 0 | 0 |
HARBORONE BANCORP INC NEW | COM NEW | 41165Y100 | 1,350,955 | 97,191 | SH | | SOLE | | 97,191 | 0 | 0 |
HILLTOP HOLDINGS INC | COM | 432748101 | 4,982,890 | 166,041 | SH | | SOLE | | 166,041 | 0 | 0 |
HMN FINL INC | COM | 40424G108 | 844,082 | 39,554 | SH | | SOLE | | 39,554 | 0 | 0 |
HOME BANCORP INC | COM | 43689E107 | 1,290,047 | 32,227 | SH | | SOLE | | 32,227 | 0 | 0 |
HORIZON BANCORP INC | COM | 440407104 | 887,925 | 58,881 | SH | | SOLE | | 58,881 | 0 | 0 |
HV BANCORP INC | COM | 40441H105 | 438,175 | 15,407 | SH | | SOLE | | 15,407 | 0 | 0 |
IF BANCORP INC | COM | 44951J105 | 191,837 | 11,121 | SH | | SOLE | | 11,121 | 0 | 0 |
INDEPENDENT BK CORP MICH | COM NEW | 453838609 | 1,233,602 | 51,572 | SH | | SOLE | | 51,572 | 0 | 0 |
INTERNATIONAL BANCSHARES COR | COM | 459044103 | 2,005,478 | 43,826 | SH | | SOLE | | 43,826 | 0 | 0 |
KEARNY FINL CORP MD | COM | 48716P108 | 669,514 | 65,962 | SH | | SOLE | | 65,962 | 0 | 0 |
KENTUCKY FIRST FED BANCORP | COM | 491292108 | 138,701 | 20,826 | SH | | SOLE | | 20,826 | 0 | 0 |
LAKE SHORE BANCORP INC | COM | 510700107 | 234,399 | 19,420 | SH | | SOLE | | 19,420 | 0 | 0 |
LAKELAND BANCORP INC | COM | 511637100 | 5,937,282 | 337,154 | SH | | SOLE | | 337,154 | 0 | 0 |
LIMESTONE BANCORP INC | COM | 53262L105 | 897,411 | 36,749 | SH | | SOLE | | 36,749 | 0 | 0 |
MACATAWA BK CORP | COM | 554225102 | 2,887,058 | 261,746 | SH | | SOLE | | 261,746 | 0 | 0 |
MAGYAR BANCORP INC | COM | 55977T208 | 356,063 | 27,774 | SH | | SOLE | | 27,774 | 0 | 0 |
MAINSTREET BANCSHARES INC | COM | 56064Y100 | 854,966 | 31,101 | SH | | SOLE | | 31,101 | 0 | 0 |
MALVERN BANCORP INC | COM | 561409103 | 829,546 | 46,735 | SH | | SOLE | | 46,735 | 0 | 0 |
MERCANTILE BANK CORP | COM | 587376104 | 942,328 | 28,146 | SH | | SOLE | | 28,146 | 0 | 0 |
MERIDIAN CORPORATION | COM | 58958P104 | 482,156 | 15,918 | SH | | SOLE | | 15,918 | 0 | 0 |
MID PENN BANCORP INC | COM | 59540G107 | 333,806 | 11,138 | SH | | SOLE | | 11,138 | 0 | 0 |
MIDWESTONE FINL GROUP INC NE | COM | 598511103 | 2,484,279 | 78,245 | SH | | SOLE | | 78,245 | 0 | 0 |
NORTHEAST CMNTY BANCORP INC | COM | 664121100 | 2,572,700 | 172,433 | SH | | SOLE | | 172,433 | 0 | 0 |
NORTHFIELD BANCORP INC DEL | COM | 66611T108 | 1,381,550 | 87,829 | SH | | SOLE | | 87,829 | 0 | 0 |
NSTS BANCORP INC | COM | 6293JP109 | 105,514 | 10,416 | SH | | SOLE | | 10,416 | 0 | 0 |
OAK VALLEY BANCORP OAKDALE C | COM | 671807105 | 995,966 | 43,972 | SH | | SOLE | | 43,972 | 0 | 0 |
OP BANCORP | COM | 67109R109 | 3,804,991 | 340,949 | SH | | SOLE | | 340,949 | 0 | 0 |
OPTIMUMBANK HLDGS INC | COM | 68401P403 | 216,512 | 52,937 | SH | | SOLE | | 52,937 | 0 | 0 |
ORRSTOWN FINL SVCS INC | COM | 687380105 | 390,871 | 16,877 | SH | | SOLE | | 16,877 | 0 | 0 |
PACWEST BANCORP DEL | COM | 695263103 | 9,230,306 | 402,192 | SH | | SOLE | | 402,192 | 0 | 0 |
PARKE BANCORP INC | COM | 700885106 | 4,151,111 | 200,150 | SH | | SOLE | | 200,150 | 0 | 0 |
PARTNERS BANCORP | COM | 70213Q108 | 7,242,439 | 817,431 | SH | | SOLE | | 817,431 | 0 | 0 |
PCB BANCORP | COM | 69320M109 | 1,930,580 | 109,134 | SH | | SOLE | | 109,134 | 0 | 0 |
PCSB FINL CORP | COM | 69324R104 | 9,722,890 | 510,656 | SH | | SOLE | | 510,656 | 0 | 0 |
PEAPACK-GLADSTONE FINL CORP | COM | 704699107 | 676,920 | 18,187 | SH | | SOLE | | 18,187 | 0 | 0 |
PEOPLES BANCORP N C INC | COM | 710577107 | 338,624 | 10,400 | SH | | SOLE | | 10,400 | 0 | 0 |
PIONEER BANCORP INC MD | COM | 723561106 | 1,008,045 | 88,425 | SH | | SOLE | | 88,425 | 0 | 0 |
PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 | 499,710 | 53,617 | SH | | SOLE | | 53,617 | 0 | 0 |
PRIMIS FINANCIAL CORP | COM | 74167B109 | 4,024,698 | 339,637 | SH | | SOLE | | 339,637 | 0 | 0 |
PROVIDENT BANCORP INC | COM NEW | 74383L105 | 2,399,277 | 329,571 | SH | | SOLE | | 329,571 | 0 | 0 |
RBB BANCORP | COM | 74930B105 | 4,169,020 | 199,953 | SH | | SOLE | | 199,953 | 0 | 0 |
REPUBLIC FIRST BANCORP INC | COM | 760416107 | 3,590,481 | 1,669,991 | SH | | SOLE | | 1,669,991 | 0 | 0 |
RHINEBECK BANCORP INC | COM | 762093102 | 192,649 | 21,147 | SH | | SOLE | | 21,147 | 0 | 0 |
RICHMOND MUT BANCORPORATION | COM | 76525P100 | 205,363 | 15,785 | SH | | SOLE | | 15,785 | 0 | 0 |
SB FINL GROUP INC | COM | 78408D105 | 726,189 | 42,843 | SH | | SOLE | | 42,843 | 0 | 0 |
SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 | 27,200,000 | 850,000 | SH | Put | SOLE | | 850,000 | 0 | 0 |
SHORE BANCSHARES INC | COM | 825107105 | 1,708,889 | 98,043 | SH | | SOLE | | 98,043 | 0 | 0 |
SIERRA BANCORP | COM | 82620P102 | 2,948,431 | 138,815 | SH | | SOLE | | 138,815 | 0 | 0 |
SIGNATURE BK NEW YORK N Y | COM | 82669G104 | 1,113,947 | 9,668 | SH | | SOLE | | 9,668 | 0 | 0 |
SMARTFINANCIAL INC | COM NEW | 83190L208 | 3,565,678 | 129,661 | SH | | SOLE | | 129,661 | 0 | 0 |
SOUND FINL BANCORP INC | COM | 83607A100 | 916,208 | 23,331 | SH | | SOLE | | 23,331 | 0 | 0 |
SOUTHERN STS BANCSHARES INC | COM | 843878307 | 1,760,884 | 60,825 | SH | | SOLE | | 60,825 | 0 | 0 |
SUMMIT FINL GROUP INC | COM | 86606G101 | 811,738 | 32,613 | SH | | SOLE | | 32,613 | 0 | 0 |
SUMMIT ST BK SANTA ROSA CALI | COM | 866264203 | 1,033,115 | 65,387 | SH | | SOLE | | 65,387 | 0 | 0 |
TC BANCSHARES INC | COM | 87224V108 | 182,927 | 12,277 | SH | | SOLE | | 12,277 | 0 | 0 |
TEXAS CAPITAL BANCSHARES INC | COM | 88224Q107 | 8,067,427 | 133,766 | SH | | SOLE | | 133,766 | 0 | 0 |
THIRD COAST BANCSHARES INC | COM | 88422P109 | 467,846 | 25,385 | SH | | SOLE | | 25,385 | 0 | 0 |
TIMBERLAND BANCORP INC | COM | 887098101 | 377,137 | 11,050 | SH | | SOLE | | 11,050 | 0 | 0 |
UNITED SEC BANCSHARES CALIF | COM | 911460103 | 138,188 | 18,904 | SH | | SOLE | | 18,904 | 0 | 0 |
UNITY BANCORP INC | COM | 913290102 | 998,119 | 36,521 | SH | | SOLE | | 36,521 | 0 | 0 |
VIRGINIA NATL BANKSHARES COR | COM | 928031103 | 666,039 | 18,168 | SH | | SOLE | | 18,168 | 0 | 0 |
WESTERN NEW ENG BANCORP INC | COM | 958892101 | 2,450,036 | 258,989 | SH | | SOLE | | 258,989 | 0 | 0 |