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 | 303,400 | 74 | SH | | SOLE | 0 | 74 | 0 | 0 |
1st Capital Bancorp | Com | 319427100 | 1,510,769 | 167,491 | SH | | SOLE | 0 | 167,491 | 0 | 0 |
1st Colonial Bancorp Inc | Com | 319716106 | 1,144,224 | 95,352 | SH | | SOLE | 0 | 95,352 | 0 | 0 |
Alpine Banks of Colorado | Com | 020810107 | 3,741,737 | 128,174 | SH | | SOLE | 0 | 128,174 | 0 | 0 |
American Business Bank | Com | 02475L105 | 1,270,003 | 39,077 | SH | | SOLE | 0 | 39,077 | 0 | 0 |
American Riviera Bancorp | Com | 02933K103 | 2,969,914 | 183,328 | SH | | SOLE | 0 | 183,328 | 0 | 0 |
Avidbank Holdings Inc | Com | 05368J103 | 1,369,220 | 82,983 | SH | | SOLE | 0 | 82,983 | 0 | 0 |
Ballston Spa Bancorp Inc | Com | 058701103 | 958,664 | 18,088 | SH | | SOLE | 0 | 18,088 | 0 | 0 |
Banc of California Inc | Com | 05990K106 | 1,524,888 | 121,699 | SH | | SOLE | 0 | 121,699 | 0 | 0 |
Bancorp 34 Inc | Com | 05970V106 | 1,165,566 | 107,142 | SH | | SOLE | 0 | 107,142 | 0 | 0 |
Bankwell Financial Group Inc | Com | 06654A103 | 2,743,003 | 110,338 | SH | | SOLE | 0 | 110,338 | 0 | 0 |
Banner Corp | Com | 06652V208 | 3,315,102 | 60,973 | SH | | SOLE | 0 | 60,973 | 0 | 0 |
BAY Community Bancorp | Com | 072205107 | 3,808,154 | 464,409 | SH | | SOLE | 0 | 464,409 | 0 | 0 |
Blue Ridge Bankshares Inc | Com | 095825105 | 2,034,696 | 199,480 | SH | | SOLE | 0 | 199,480 | 0 | 0 |
Boyle Bancorp Inc | Com | 103442109 | 1,482,078 | 19,001 | SH | | SOLE | 0 | 19,001 | 0 | 0 |
Canandaigua National Corp | Com | 137143103 | 1,216,005 | 6,573 | SH | | SOLE | 0 | 6,573 | 0 | 0 |
Cashmere Valley Bank | Com | 14756K102 | 2,906,654 | 70,894 | SH | | SOLE | 0 | 70,894 | 0 | 0 |
Cecil Bancorp Inc | Com | 149841306 | 569,627 | 367,501 | SH | | SOLE | 0 | 367,501 | 0 | 0 |
Central Valley Community Banco | Com | 155685100 | 3,034,295 | 147,439 | SH | | SOLE | 0 | 147,439 | 0 | 0 |
Citba Financial Corp | Com | 173024100 | 1,418,132 | 61,391 | SH | | SOLE | 0 | 61,391 | 0 | 0 |
Citizens Bancorp/OR | Com | 172950107 | 633,342 | 57,734 | SH | | SOLE | 0 | 57,734 | 0 | 0 |
Citizens Financial Group Inc | Com | 174610105 | 3,411,492 | 112,331 | SH | | SOLE | 0 | 112,331 | 0 | 0 |
CNB Community Bancorp Inc | Com | 12618F105 | 2,504,208 | 61,680 | SH | | SOLE | 0 | 61,680 | 0 | 0 |
CNB Financial Corp/PA | Com | 126128107 | 1,920,000 | 100,000 | SH | | SOLE | 0 | 100,000 | 0 | 0 |
Comerica Inc | Com | 200340107 | 3,434,893 | 79,145 | SH | | SOLE | 0 | 79,145 | 0 | 0 |
Community Financial Corp/The | Com | 20368X101 | 2,386,718 | 72,041 | SH | | SOLE | 0 | 72,041 | 0 | 0 |
Community Heritage Financial I | Com | 20370L103 | 2,334,900 | 129,000 | SH | | SOLE | 0 | 129,000 | 0 | 0 |
Community West Bancshares | Com | 204157101 | 2,460,008 | 194,467 | SH | | SOLE | 0 | 194,467 | 0 | 0 |
Cornerstone Community Bancorp | Com | 21925R108 | 3,874,554 | 143,502 | SH | | SOLE | 0 | 143,502 | 0 | 0 |
Crystal Valley Financial Corp | Com | 22941P100 | 2,638,307 | 46,820 | SH | | SOLE | 0 | 46,820 | 0 | 0 |
Dacotah Banks Inc | Com | 233422104 | 1,101,482 | 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 | 2,160,513 | 127,089 | SH | | SOLE | 0 | 127,089 | 0 | 0 |
Enterprise Bancorp Inc/MA | Com | 293668109 | 4,280,668 | 136,067 | SH | | SOLE | 0 | 136,067 | 0 | 0 |
Exchange Bank/Santa Rosa CA | Com | 301227203 | 7,129,290 | 69,895 | SH | | SOLE | 0 | 69,895 | 0 | 0 |
Farmers & Merchants Bank of Lo | Com | 308243104 | 812,600 | 136 | SH | | SOLE | 0 | 136 | 0 | 0 |
Farmers and Merchants Bancshar | Com | 308856103 | 2,616,694 | 121,368 | SH | | SOLE | 0 | 121,368 | 0 | 0 |
Fentura Financial Inc | Com | 314645102 | 2,914,021 | 137,389 | SH | | SOLE | 0 | 137,389 | 0 | 0 |
First Bankers Trustshares Inc | Com | 31929F109 | 407,376 | 18,860 | SH | | SOLE | 0 | 18,860 | 0 | 0 |
First Busey Corp | Com | 319383204 | 3,116,373 | 153,214 | SH | | SOLE | 0 | 153,214 | 0 | 0 |
First Capital Inc | Com | 31942S104 | 291,204 | 11,353 | SH | | SOLE | 0 | 11,353 | 0 | 0 |
First Citizens BancShares Inc/ | Com | 31946M103 | 2,626,397 | 2,699 | SH | | SOLE | 0 | 2,699 | 0 | 0 |
First Citizens BancShares Inc/ | Com | 31946M202 | 16,855,415 | 19,759 | SH | | SOLE | 0 | 19,759 | 0 | 0 |
First Community Bankshares Inc | Com | 31983A103 | 547,192 | 21,844 | SH | | SOLE | 0 | 21,844 | 0 | 0 |
First Mid Bancshares Inc | Com | 320866106 | 3,495,157 | 128,404 | SH | | SOLE | 0 | 128,404 | 0 | 0 |
First National Corp/VA | Com | 32106V107 | 5,001,383 | 316,343 | SH | | SOLE | 0 | 316,343 | 0 | 0 |
First National of Nebraska Inc | Com | 335720108 | 9,652,500 | 715 | SH | | SOLE | 0 | 715 | 0 | 0 |
First Ottawa Bancshares Inc | Com | 335876108 | 2,696,064 | 28,560 | SH | | SOLE | 0 | 28,560 | 0 | 0 |
FNB Corp/PA | Com | 302520101 | 2,635,520 | 227,200 | SH | | SOLE | 0 | 227,200 | 0 | 0 |
Grand River Commerce Inc | Com | 386441109 | 862,477 | 159,718 | SH | | SOLE | 0 | 159,718 | 0 | 0 |
HBT Financial Inc | Com | 404111106 | 2,116,843 | 107,345 | SH | | SOLE | 0 | 107,345 | 0 | 0 |
Heartland BancCorp | Com | 421962101 | 2,369,716 | 27,067 | SH | | SOLE | 0 | 27,067 | 0 | 0 |
Lakeland Bancorp Inc | Com | 511637100 | 3,566,546 | 228,040 | SH | | SOLE | 0 | 228,040 | 0 | 0 |
Ledyard Financial Group Inc | Com | 523338101 | 1,007,942 | 64,282 | SH | | SOLE | 0 | 64,282 | 0 | 0 |
Macatawa Bank Corp | Com | 554225102 | 4,492,303 | 439,560 | SH | | SOLE | 0 | 439,560 | 0 | 0 |
Mechanics Bank/Walnut Creek CA | Com | 583614102 | 1,806,860 | 86 | SH | | SOLE | 0 | 86 | 0 | 0 |
Merchants Financial Group Inc | Com | 588538108 | 5,699,610 | 209,160 | SH | | SOLE | 0 | 209,160 | 0 | 0 |
Middlebury National Corp | Com | 596237107 | 439,656 | 15,674 | SH | | SOLE | 0 | 15,674 | 0 | 0 |
Mission Bancorp/Bakersfield CA | Com | 605015106 | 4,691,935 | 52,418 | SH | | SOLE | 0 | 52,418 | 0 | 0 |
Mountain Commerce Bancorp Inc | Com | 624004107 | 1,938,490 | 83,197 | SH | | SOLE | 0 | 83,197 | 0 | 0 |
New York Community Bancorp Inc | Com | 649445103 | 2,184,977 | 241,701 | SH | | SOLE | 0 | 241,701 | 0 | 0 |
New York Community Bancorp Inc | Call | 649445103 | 28,338 | 472,300 | SH | | SOLE | 0 | 472,300 | 0 | 0 |
New York Community Bancorp Inc | Call | 649445103 | 99,164 | 190,700 | SH | | SOLE | 0 | 190,700 | 0 | 0 |
New York Community Bancorp Inc | Call | 649445103 | 42,360 | 70,600 | SH | | SOLE | 0 | 70,600 | 0 | 0 |
Oak Ridge Financial Services I | Com | 671768109 | 633,087 | 35,930 | SH | | SOLE | 0 | 35,930 | 0 | 0 |
Oak Valley Bancorp | Com | 671807105 | 8,484,310 | 358,593 | SH | | SOLE | 0 | 358,593 | 0 | 0 |
Old Second Bancorp Inc | Com | 680277100 | 2,290,684 | 163,038 | SH | | SOLE | 0 | 163,038 | 0 | 0 |
Oregon Pacific Bancorp | Com | 686040205 | 3,941,953 | 644,110 | SH | | SOLE | 0 | 644,110 | 0 | 0 |
Oxford Bank Corp/MI | Com | 69140P100 | 3,392,546 | 111,231 | SH | | SOLE | 0 | 111,231 | 0 | 0 |
Pacific Valley Bancorp | Com | 69503T103 | 1,161,415 | 121,360 | SH | | SOLE | 0 | 121,360 | 0 | 0 |
Parke Bancorp Inc | Com | 700885106 | 2,574,846 | 144,817 | SH | | SOLE | 0 | 144,817 | 0 | 0 |
Peapack-Gladstone Financial Co | Com | 704699107 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
Peoples Bancorp/WA | Com | 70979X107 | 1,000,000 | 5,000 | SH | | SOLE | 0 | 5,000 | 0 | 0 |
Pinnacle Bank/Gilroy CA | Com | 72346K107 | 2,073,670 | 174,258 | SH | | SOLE | 0 | 174,258 | 0 | 0 |
Pinnacle Financial Partners In | Com | 72346Q104 | 1,608,190 | 29,155 | SH | | SOLE | 0 | 29,155 | 0 | 0 |
Plumas Bancorp | Com | 729273102 | 7,486,456 | 219,802 | SH | | SOLE | 0 | 219,802 | 0 | 0 |
Premier Financial Corp | Com | 74052F108 | 2,411,808 | 116,400 | SH | | SOLE | 0 | 116,400 | 0 | 0 |
Prime Meridian Holding Co | Com | 74164R107 | 3,190,204 | 147,014 | SH | | SOLE | 0 | 147,014 | 0 | 0 |
Red River Bancshares Inc | Com | 75686R202 | 3,198,305 | 66,479 | SH | | SOLE | 0 | 66,479 | 0 | 0 |
Redwood Capital Bancorp | Com | 75777X100 | 3,101,509 | 179,278 | SH | | SOLE | 0 | 179,278 | 0 | 0 |
Santa Cruz County Bank | Com | 801827106 | 5,348,899 | 221,946 | SH | | SOLE | 0 | 221,946 | 0 | 0 |
Security National Corp/IA | Com | 814784104 | 2,189,278 | 16,958 | SH | | SOLE | 0 | 16,958 | 0 | 0 |
Shore Bancshares Inc | Com | 825107105 | 393,071 | 27,526 | SH | | SOLE | 0 | 27,526 | 0 | 0 |
Solvay Bank | Com | 83441Q105 | 2,365,176 | 76,296 | SH | | SOLE | 0 | 76,296 | 0 | 0 |
South Atlantic Bancshares Inc | Com | 83636T104 | 830,157 | 66,148 | SH | | SOLE | 0 | 66,148 | 0 | 0 |
Southeastern Banking Corp | Com | 84158P108 | 1,346,625 | 65,689 | SH | | SOLE | 0 | 65,689 | 0 | 0 |
Southern BancShares NC Inc | Com | 842243107 | 10,497,600 | 1,944 | SH | | SOLE | 0 | 1,944 | 0 | 0 |
Southern California Bancorp | Com | 84252A106 | 2,992,779 | 208,556 | SH | | SOLE | 0 | 208,556 | 0 | 0 |
Southern Missouri Bancorp Inc | Com | 843380106 | 2,967,137 | 79,314 | SH | | SOLE | 0 | 79,314 | 0 | 0 |
Studio Financial Holdings Inc | Com | 864001102 | 980,120 | 83,061 | SH | | SOLE | 0 | 83,061 | 0 | 0 |
Summit Bancshares Inc/CA | Com | 866010101 | 1,289,002 | 35,161 | SH | | SOLE | 0 | 35,161 | 0 | 0 |
Surrey Bancorp | Com | 86888W105 | 1,762,693 | 100,153 | SH | | SOLE | 0 | 100,153 | 0 | 0 |
Synovus Financial Corp | Com | 87161C501 | 3,333,457 | 108,194 | SH | | SOLE | 0 | 108,194 | 0 | 0 |
Timberland Bancorp Inc/WA | Com | 887098101 | 6,237,486 | 230,847 | SH | | SOLE | 0 | 230,847 | 0 | 0 |
Town and Country Financial Cor | Com | 892039108 | 0 | 0 | SH | | SOLE | 0 | 0 | 0 | 0 |
Traditions Bancorp Inc | Com | 89269L102 | 3,056,750 | 173,679 | SH | | SOLE | 0 | 173,679 | 0 | 0 |
Tri City Bankshares Corp | Com | 895364107 | 1,287,538 | 92,963 | SH | | SOLE | 0 | 92,963 | 0 | 0 |
Tri-County Financial Group Inc | Com | 89546P108 | 2,619,089 | 61,917 | SH | | SOLE | 0 | 61,917 | 0 | 0 |
United BanCorp of Alabama Inc | Com | 90944R100 | 3,015,685 | 77,029 | SH | | SOLE | 0 | 77,029 | 0 | 0 |
Valley National Bancorp | Com | 919794107 | 2,361,190 | 255,540 | SH | | SOLE | 0 | 255,540 | 0 | 0 |
Veritex Holdings Inc | Com | 923451108 | 2,115,840 | 116,000 | SH | | SOLE | 0 | 116,000 | 0 | 0 |
Village Bank and Trust Financi | Com | 92705T200 | 18,315 | 333 | SH | | SOLE | 0 | 333 | 0 | 0 |
Wayne Savings Bancshares Inc | Com | 94624Q101 | 1,272,166 | 46,685 | SH | | SOLE | 0 | 46,685 | 0 | 0 |
Woodlands Financial Services C | Com | 979685104 | 1,717,651 | 69,372 | SH | | SOLE | 0 | 69,372 | 0 | 0 |
WSFS Financial Corp | Com | 929328102 | 1,648,033 | 43,819 | SH | | SOLE | 0 | 43,819 | 0 | 0 |
WTB Financial Corp | Com | 929334209 | 4,493,280 | 12,210 | SH | | SOLE | 0 | 12,210 | 0 | 0 |