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 |
1867 Western Financial Corp | Com | 282518109 | 355,200 | 74 | SH | | SOLE | 0 | 74 | 0 | 0 |
1st Capital Bancorp | Com | 319427100 | 1,665,533 | 162,491 | SH | | SOLE | 0 | 162,491 | 0 | 0 |
1st Colonial Bancorp Inc | Com | 319716106 | 1,254,086 | 90,352 | SH | | SOLE | 0 | 90,352 | 0 | 0 |
Alpine Banks of Colorado | Com | 020810107 | 4,098,614 | 128,174 | SH | | SOLE | 0 | 128,174 | 0 | 0 |
American Business Bank | Com | 02475L105 | 2,510,781 | 64,379 | SH | | SOLE | 0 | 64,379 | 0 | 0 |
American Riviera Bancorp | Com | 02933K103 | 2,965,595 | 178,328 | SH | | SOLE | 0 | 178,328 | 0 | 0 |
Avidbank Holdings Inc | Com | 05368J103 | 1,669,618 | 82,983 | SH | | SOLE | 0 | 82,983 | 0 | 0 |
Ballston Spa Bancorp Inc | Com | 058701103 | 1,017,450 | 18,088 | SH | | SOLE | 0 | 18,088 | 0 | 0 |
Bank of Marin Bancorp | Com | 063425102 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
Bankwell Financial Group Inc | Com | 06654A103 | 3,247,247 | 110,338 | SH | | SOLE | 0 | 110,338 | 0 | 0 |
Banner Corp | Com | 06652V208 | 3,853,494 | 60,973 | SH | | SOLE | 0 | 60,973 | 0 | 0 |
BAY Community Bancorp | Com | 072205107 | 4,156,461 | 464,409 | SH | | SOLE | 0 | 464,409 | 0 | 0 |
Blue Ridge Bankshares Inc | Com | 095825105 | 2,491,505 | 199,480 | SH | | SOLE | 0 | 199,480 | 0 | 0 |
Boyle Bancorp Inc | Com | 103442109 | 1,502,572 | 18,147 | SH | | SOLE | 0 | 18,147 | 0 | 0 |
Canandaigua National Corp | Com | 137143103 | 1,708,980 | 6,573 | SH | | SOLE | 0 | 6,573 | 0 | 0 |
Cashmere Valley Bank | Com | 14756K102 | 2,857,917 | 64,194 | SH | | SOLE | 0 | 64,194 | 0 | 0 |
Cecil Bancorp Inc | Com | 149841306 | 569,627 | 367,501 | SH | | SOLE | 0 | 367,501 | 0 | 0 |
Central Valley Community Banco | Com | 155685100 | 3,122,758 | 147,439 | SH | | SOLE | 0 | 147,439 | 0 | 0 |
Citba Financial Corp | Com | 173024100 | 1,547,053 | 61,391 | SH | | SOLE | 0 | 61,391 | 0 | 0 |
Citizens Bancorp/OR | Com | 172950107 | 629,598 | 55,766 | SH | | SOLE | 0 | 55,766 | 0 | 0 |
Citizens Financial Group Inc | Com | 174610105 | 4,422,471 | 112,331 | SH | | SOLE | 0 | 112,331 | 0 | 0 |
CNB Community Bancorp Inc | Com | 12618F105 | 2,223,977 | 54,913 | SH | | SOLE | 0 | 54,913 | 0 | 0 |
CNB Financial Corp/PA | Com | 126128107 | 2,379,000 | 100,000 | SH | | SOLE | 0 | 100,000 | 0 | 0 |
Comerica Inc | Com | 200340107 | 5,290,843 | 79,145 | SH | | SOLE | 0 | 79,145 | 0 | 0 |
Community Financial Corp/The | Com | 20368X101 | 2,874,436 | 72,041 | SH | | SOLE | 0 | 72,041 | 0 | 0 |
Community Heritage Financial I | Com | 20370L103 | 2,362,150 | 119,000 | SH | | SOLE | 0 | 119,000 | 0 | 0 |
Community West Bancshares | Com | 204157101 | 2,911,171 | 194,467 | SH | | SOLE | 0 | 194,467 | 0 | 0 |
Cornerstone Community Bancorp | Com | 21925R108 | 3,795,051 | 138,708 | SH | | SOLE | 0 | 138,708 | 0 | 0 |
Croghan Bancshares Inc | Com | 227072105 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
Crystal Valley Financial Corp | Com | 22941P100 | 2,512,560 | 43,320 | SH | | SOLE | 0 | 43,320 | 0 | 0 |
Dacotah Banks Inc | Com | 233422104 | 1,093,500 | 31,927 | SH | | SOLE | 0 | 31,927 | 0 | 0 |
Denver Bankshares Inc | Com | 249082108 | 409,860 | 1,980 | SH | | SOLE | 0 | 1,980 | 0 | 0 |
Embassy Bancorp Inc | Com | 290791102 | 2,082,009 | 113,461 | SH | | SOLE | 0 | 113,461 | 0 | 0 |
Enterprise Bancorp Inc/MA | Com | 293668109 | 4,405,405 | 124,799 | SH | | SOLE | 0 | 124,799 | 0 | 0 |
Exchange Bank/Santa Rosa CA | Com | 301227203 | 7,900,232 | 69,895 | SH | | SOLE | 0 | 69,895 | 0 | 0 |
Farmers & Merchants Bank of Lo | Com | 308243104 | 1,014,153 | 136 | SH | | SOLE | 0 | 136 | 0 | 0 |
Farmers and Merchants Bancshar | Com | 308856103 | 2,609,412 | 121,368 | SH | | SOLE | 0 | 121,368 | 0 | 0 |
Fentura Financial Inc | Com | 314645102 | 2,944,331 | 132,389 | SH | | SOLE | 0 | 132,389 | 0 | 0 |
Finward Bancorp | Com | 31812F109 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
First Bancshares Inc/The | Com | 318916103 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
First Bankers Trustshares Inc | Com | 31929F109 | 460,350 | 20,460 | SH | | SOLE | 0 | 20,460 | 0 | 0 |
First Busey Corp | Com | 319383204 | 3,787,450 | 153,214 | SH | | SOLE | 0 | 153,214 | 0 | 0 |
First Citizens BancShares Inc/ | Com | 31946M103 | 1,672,184 | 2,205 | SH | | SOLE | 0 | 2,205 | 0 | 0 |
First Citizens BancShares Inc/ | Com | 31946M202 | 13,529,004 | 20,253 | SH | | SOLE | 0 | 20,253 | 0 | 0 |
First Merchants Corp | Com | 320817109 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
First Mid Bancshares Inc | Com | 320866106 | 3,513,498 | 109,523 | SH | | SOLE | 0 | 109,523 | 0 | 0 |
First National Corp/VA | Com | 32106V107 | 5,418,956 | 316,343 | SH | | SOLE | 0 | 316,343 | 0 | 0 |
First National of Nebraska Inc | Com | 335720108 | 9,656,790 | 715 | SH | | SOLE | 0 | 715 | 0 | 0 |
First Ottawa Bancshares Inc | Com | 335876108 | 2,527,182 | 27,174 | SH | | SOLE | 0 | 27,174 | 0 | 0 |
FNB Corp/PA | Com | 302520101 | 626,400 | 48,000 | SH | | SOLE | 0 | 48,000 | 0 | 0 |
Grand River Commerce Inc | Com | 386441109 | 870,463 | 159,718 | SH | | SOLE | 0 | 159,718 | 0 | 0 |
Heartland BancCorp | Com | 421962101 | 2,538,885 | 27,067 | SH | | SOLE | 0 | 27,067 | 0 | 0 |
Heritage Commerce Corp | Com | 426927109 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
Lakeland Bancorp Inc | Com | 511637100 | 4,015,784 | 228,040 | SH | | SOLE | 0 | 228,040 | 0 | 0 |
Ledyard Financial Group Inc | Com | 523338101 | 1,165,580 | 65,482 | SH | | SOLE | 0 | 65,482 | 0 | 0 |
Macatawa Bank Corp | Com | 554225102 | 4,848,347 | 439,560 | SH | | SOLE | 0 | 439,560 | 0 | 0 |
Mechanics Bank/Walnut Creek CA | Com | 583614102 | 1,742,500 | 85 | SH | | SOLE | 0 | 85 | 0 | 0 |
Merchants Financial Group Inc | Com | 588538108 | 6,076,098 | 209,160 | SH | | SOLE | 0 | 209,160 | 0 | 0 |
Middlebury National Corp | Com | 596237107 | 501,568 | 15,674 | SH | | SOLE | 0 | 15,674 | 0 | 0 |
Mission Bancorp/Bakersfield CA | Com | 605015106 | 4,429,321 | 52,418 | SH | | SOLE | 0 | 52,418 | 0 | 0 |
Mountain Commerce Bancorp Inc | Com | 624004107 | 2,369,767 | 85,397 | SH | | SOLE | 0 | 85,397 | 0 | 0 |
New York Community Bancorp Inc | Com | 649445103 | 874,629 | 101,701 | SH | | SOLE | 0 | 101,701 | 0 | 0 |
New York Community Bancorp Inc | Call | 649445103 | 70,845 | 472,300 | SH | | SOLE | 0 | 472,300 | 0 | 0 |
Oak Ridge Financial Services I | Com | 671768109 | 619,265 | 32,287 | SH | | SOLE | 0 | 32,287 | 0 | 0 |
Oak Valley Bancorp | Com | 671807105 | 8,122,131 | 358,593 | SH | | SOLE | 0 | 358,593 | 0 | 0 |
Old Second Bancorp Inc | Com | 680277100 | 2,751,405 | 171,534 | SH | | SOLE | 0 | 171,534 | 0 | 0 |
Oregon Pacific Bancorp | Com | 686040205 | 4,314,038 | 603,362 | SH | | SOLE | 0 | 603,362 | 0 | 0 |
Oxford Bank Corp/MI | Com | 69140P100 | 3,349,165 | 111,231 | SH | | SOLE | 0 | 111,231 | 0 | 0 |
Pacific Valley Bancorp | Com | 69503T103 | 1,121,902 | 95,481 | SH | | SOLE | 0 | 95,481 | 0 | 0 |
Parke Bancorp Inc | Com | 700885106 | 3,003,505 | 144,817 | SH | | SOLE | 0 | 144,817 | 0 | 0 |
Peapack-Gladstone Financial Co | Com | 704699107 | 4,738,106 | 127,300 | SH | | SOLE | 0 | 127,300 | 0 | 0 |
Peoples Bancorp/WA | Com | 70979X107 | 1,050,000 | 5,000 | SH | | SOLE | 0 | 5,000 | 0 | 0 |
Pinnacle Bank/Gilroy CA | Com | 72346K107 | 2,335,057 | 174,258 | SH | | SOLE | 0 | 174,258 | 0 | 0 |
Pinnacle Financial Partners In | Com | 72346Q104 | 2,139,977 | 29,155 | SH | | SOLE | 0 | 29,155 | 0 | 0 |
Plumas Bancorp | Com | 729273102 | 8,494,194 | 229,263 | SH | | SOLE | 0 | 229,263 | 0 | 0 |
Premier Financial Corp | Com | 74052F108 | 3,139,308 | 116,400 | SH | | SOLE | 0 | 116,400 | 0 | 0 |
Prime Meridian Holding Co | Com | 74164R107 | 2,500,097 | 101,014 | SH | | SOLE | 0 | 101,014 | 0 | 0 |
Red River Bancshares Inc | Com | 75686R202 | 3,064,366 | 60,015 | SH | | SOLE | 0 | 60,015 | 0 | 0 |
Redwood Capital Bancorp | Com | 75777X100 | 3,095,412 | 176,578 | SH | | SOLE | 0 | 176,578 | 0 | 0 |
Santa Cruz County Bank | Com | 801827106 | 5,559,747 | 221,946 | SH | | SOLE | 0 | 221,946 | 0 | 0 |
Security National Corp/IA | Com | 814784104 | 2,187,921 | 16,958 | SH | | SOLE | 0 | 16,958 | 0 | 0 |
Solvay Bank | Com | 83441Q105 | 2,470,542 | 72,663 | SH | | SOLE | 0 | 72,663 | 0 | 0 |
South Atlantic Bancshares Inc | Com | 83636T104 | 1,148,948 | 88,042 | SH | | SOLE | 0 | 88,042 | 0 | 0 |
Southeastern Banking Corp | Com | 84158P108 | 1,422,167 | 65,689 | SH | | SOLE | 0 | 65,689 | 0 | 0 |
Southern BancShares NC Inc | Com | 842243107 | 9,427,914 | 1,944 | SH | | SOLE | 0 | 1,944 | 0 | 0 |
Southern California Bancorp | Com | 84252A106 | 3,503,741 | 208,556 | SH | | SOLE | 0 | 208,556 | 0 | 0 |
Southern Missouri Bancorp Inc | Com | 843380106 | 3,634,961 | 79,314 | SH | | SOLE | 0 | 79,314 | 0 | 0 |
Southern States Bancshares Inc | Com | 843878307 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
Star Financial Group Inc | Com | 855121109 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
Studio Financial Holdings Inc | Com | 864001102 | 998,393 | 83,061 | SH | | SOLE | 0 | 83,061 | 0 | 0 |
Summit Bancshares Inc/CA | Com | 866010101 | 1,283,728 | 35,161 | SH | | SOLE | 0 | 35,161 | 0 | 0 |
Surrey Bancorp | Com | 86888W105 | 2,403,672 | 100,153 | SH | | SOLE | 0 | 100,153 | 0 | 0 |
Synovus Financial Corp | Com | 87161C501 | 4,062,685 | 108,194 | SH | | SOLE | 0 | 108,194 | 0 | 0 |
Timberland Bancorp Inc/WA | Com | 887098101 | 8,018,878 | 234,951 | SH | | SOLE | 0 | 234,951 | 0 | 0 |
Town and Country Financial Cor | Com | 892039108 | 2,118,781 | 59,333 | SH | | SOLE | 0 | 59,333 | 0 | 0 |
Traditions Bancorp Inc | Com | 89269L102 | 3,247,797 | 173,679 | SH | | SOLE | 0 | 173,679 | 0 | 0 |
Tri City Bankshares Corp | Com | 895364107 | 1,394,445 | 92,963 | SH | | SOLE | 0 | 92,963 | 0 | 0 |
Tri-County Financial Group Inc | Com | 89546P108 | 2,941,058 | 61,917 | SH | | SOLE | 0 | 61,917 | 0 | 0 |
United BanCorp of Alabama Inc | Com | 90944R100 | 2,719,124 | 77,029 | SH | | SOLE | 0 | 77,029 | 0 | 0 |
Valley National Bancorp | Com | 919794107 | 2,890,157 | 255,540 | SH | | SOLE | 0 | 255,540 | 0 | 0 |
Veritex Holdings Inc | Com | 923451108 | 3,257,280 | 116,000 | SH | | SOLE | 0 | 116,000 | 0 | 0 |
Village Bank and Trust Financi | Com | 92705T200 | 17,316 | 333 | SH | | SOLE | 0 | 333 | 0 | 0 |
Wayne Savings Bancshares Inc | Com | 94624Q101 | 1,241,821 | 46,685 | SH | | SOLE | 0 | 46,685 | 0 | 0 |
Woodlands Financial Services C | Com | 979685104 | 1,721,951 | 64,372 | SH | | SOLE | 0 | 64,372 | 0 | 0 |
WSFS Financial Corp | Com | 929328102 | 1,986,753 | 43,819 | SH | | SOLE | 0 | 43,819 | 0 | 0 |
WTB Financial Corp | Com | 929334209 | 4,154,598 | 12,180 | SH | | SOLE | 0 | 12,180 | 0 | 0 |