The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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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
1st Capital Bancorp Common 319427100 5,189 415,120 SH   SOLE   415,120 0 0
1st Colonial Bancorp Common 319716106 3,040 271,644 SH   SOLE   271,644 0 0
Alerus Financial Corporation Common 01446U103 4,952 208,000 SH   SOLE   208,000 0 0
Allegiance Bancshares, Inc. Common 01748H107 7,268 192,475 SH   SOLE   192,475 0 0
AMB Financial Corp. Common 001984103 284 12,862 SH   SOLE   12,862 0 0
American Business Bank Common 02475L105 24,184 605,363 SH   SOLE   605,363 0 0
American National Bankshares Inc. Common 027745108 1,353 39,092 SH   SOLE   39,092 0 0
American Riviera Bancorp Common 02933K103 6,296 351,724 SH   SOLE   351,724 0 0
Avidbank Holdings, Inc. Common 05368J103 12,914 645,697 SH   SOLE   645,697 0 0
Banc of California, Inc. Common 05990K106 12,200 692,412 SH   SOLE   692,412 0 0
Bank of Botetourt Common 063907208 1,374 49,824 SH   SOLE   49,824 0 0
Bank of Princeton Common 064520109 7,640 278,218 SH   SOLE   278,218 0 0
Bank of the James Financial Group, Inc. Common 470299108 2,194 168,741 SH   SOLE   168,741 0 0
Bank7 Corp Common 06652N107 8,793 385,000 SH   SOLE   385,000 0 0
Bankwell Financial Group, Inc. Common 06654A103 8,496 273,623 SH   SOLE   273,623 0 0
Bay Community Bancorp Common 072205107 5,866 694,206 SH   SOLE   694,206 0 0
BayFirst Financial Corp. Common 07279B104 2,325 133,593 SH   SOLE   133,593 0 0
BCB Bancorp, Inc. Common 055298103 1,950 114,496 SH   SOLE   114,496 0 0
Beach Bancorp, Inc. Common 07332T100 4,500 900,000 SH   SOLE   900,000 0 0
Blue Ridge Bankshares, Inc. Common 095825105 17,362 1,133,261 SH   SOLE   1,133,261 0 0
Blueharbor Bank Common 095613105 2,258 161,283 SH   SOLE   161,283 0 0
Bridgewater Bancshares, Inc. Common 108621103 3,190 197,652 SH   SOLE   197,652 0 0
BTRS Holdings Inc. Common 11778X104 521 104,645 SH   SOLE   104,645 0 0
Business First Bancshares, Inc. Common 12326C105 4,859 228,003 SH   SOLE   228,003 0 0
Byline Bancorp, Inc. Common 124411109 14,492 608,923 SH   SOLE   608,923 0 0
California BanCorp Common 13005U101 13,358 693,203 SH   SOLE   693,203 0 0
Cambridge Bancorp Common 132152109 8,975 108,528 SH   SOLE   108,528 0 0
Capital Bancorp, Inc. Common 139737100 1,066 49,122 SH   SOLE   49,122 0 0
CapStar Financial Holdings, Inc. Common 14070T102 1,035 52,770 SH   SOLE   52,770 0 0
Cashmere Valley Bank Common 14756K102 3,249 59,887 SH   SOLE   59,887 0 0
CBTX, Inc. Common 12481V104 869 32,700 SH   SOLE   32,700 0 0
CCB Financial Common 19046P209 3,504 91,922 SH   SOLE   91,922 0 0
Centric Financial Corporation Common 15641J101 7,927 799,073 SH   SOLE   799,073 0 0
Century Financial Corporation Common 15652L102 1,920 68,323 SH   SOLE   68,323 0 0
Chino Commercial Bancorp Common 16957L102 1,718 148,079 SH   SOLE   148,079 0 0
Citizens Bancorp Common 172950107 1,356 102,434 SH   SOLE   102,434 0 0
Citizens Community Bancorp, Inc. Common 174903104 12,434 899,054 SH   SOLE   899,054 0 0
CNB Corporation Common 12612R105 1,406 14,348 SH   SOLE   14,348 0 0
CNB Financial Corporation Common 126128107 8,018 331,476 SH   SOLE   331,476 0 0
Coastal Carolina Bancshares, Inc. Common 190435107 2,606 251,992 SH   SOLE   251,992 0 0
CoastalSouth Bancshares, Inc. Common 19058X207 3,393 204,249 SH   SOLE   204,249 0 0
Codorus Valley Bancorp, Inc. Common 192025104 5,117 227,321 SH   SOLE   227,321 0 0
Colony Bankcorp Inc. Common 19623P101 14,201 941,072 SH   SOLE   941,072 0 0
Commencement Bancorp, Inc. Common 20051D107 3,122 272,860 SH   SOLE   272,860 0 0
Community Bancorp of Santa Maria Common 20344R103 1,096 106,443 SH   SOLE   106,443 0 0
Community Financial Corporation Common 20368X101 986 26,732 SH   SOLE   26,732 0 0
Community First Bancorporation Common 203916101 872 113,744 SH   SOLE   113,744 0 0
Community Heritage Financial Inc. Common 20370L103 1,372 64,558 SH   SOLE   64,558 0 0
ConnectOne Bancorp, Inc. Common 20786W107 13,746 562,204 SH   SOLE   562,204 0 0
Cornerstone Financial Corporation Common 21925G201 1,613 150,000 SH   SOLE   150,000 0 0
CrossFirst Bankshares, Inc. Common 22766M109 20,992 1,590,289 SH   SOLE   1,590,289 0 0
Crystal Valley Financial Common 22941P100 1,008 16,800 SH   SOLE   16,800 0 0
Dime Community Bancshares, Inc Common 25432X102 4,826 162,777 SH   SOLE   162,777 0 0
Eagle Financial Services Inc. Common 26951R104 1,652 46,620 SH   SOLE   46,620 0 0
Enova International, Inc. Common 29357K103 1,024 35,514 SH   SOLE   35,514 0 0
Enterprise Bancorp, Inc. Common 293668109 10,263 318,821 SH   SOLE   318,821 0 0
Enterprise Financial Services Corp Common 293712105 182 4,384 SH   SOLE   4,384 0 0
Equity Bancshares, Inc. Common 29460X109 5,043 172,926 SH   SOLE   172,926 0 0
ES Bancshares, Inc. Common 296049109 1,945 374,045 SH   SOLE   374,045 0 0
FB Financial Corp. Common 30257X104 5,557 141,678 SH   SOLE   141,678 0 0
Fentura Financial, Inc. Common 314645102 7,454 298,149 SH   SOLE   298,149 0 0
FineMark Holdings, Inc. Common 31788B108 24,235 834,244 SH   SOLE   834,244 0 0
First Bancshares, Inc. Common 318916103 1,687 58,979 SH   SOLE   58,979 0 0
First Bank Common 31931U102 15,971 1,142,453 SH   SOLE   1,142,453 0 0
First Business Financial Services Common 319390100 17,883 573,371 SH   SOLE   573,371 0 0
First Capital Bancshares, Inc. Common 31941G101 1,925 240,600 SH   SOLE   240,600 0 0
First Citrus Bancorporation, Inc. Common 31959T102 1,716 39,001 SH   SOLE   39,001 0 0
First Community Corporation Common 319835104 7,442 388,211 SH   SOLE   388,211 0 0
First Farmers and Merchants Corporation Common 320148109 559 21,488 SH   SOLE   21,488 0 0
First Foundation Inc. Common 32026V104 23,850 1,164,567 SH   SOLE   1,164,567 0 0
First Internet Bancorp Common 320557101 13,898 377,467 SH   SOLE   377,467 0 0
First National Corporation Common 32106V107 4,072 223,120 SH   SOLE   223,120 0 0
First Northern Community Bancorp Common 335925103 7,549 817,016 SH   SOLE   817,016 0 0
First Reliance Bancshares, Inc. Common 33615Q100 6,768 731,627 SH   SOLE   731,627 0 0
First Southern Bank Common 33650R104 1,764 196,250 SH   SOLE   196,250 0 0
First Virginia Community Bank Common 36120Q101 3,228 171,436 SH   SOLE   171,436 0 0
First Western Financial, Inc. Common 33751L105 19,805 728,386 SH   SOLE   728,386 0 0
Five Star Bancorp Common 33830T103 4,042 153,000 SH   SOLE   153,000 0 0
Foresight Financial Group, Inc. Common 345526107 4,893 161,181 SH   SOLE   161,181 0 0
Franklin Financial Services Corp. Common 353525108 2,557 84,796 SH   SOLE   84,796 0 0
Grand River Commerce, Inc. Common 386441109 3,156 496,938 SH   SOLE   496,938 0 0
GrandSouth Bancorporation Common 386627301 3,054 97,885 SH   SOLE   97,885 0 0
Hanover Bancorp Inc. Common 410710206 3,781 185,000 SH   SOLE   185,000 0 0
HBT Financial, Inc. Common 404111106 21,371 1,195,937 SH   SOLE   1,195,937 0 0
Heritage Commerce Corp Common 426927109 10,134 947,954 SH   SOLE   947,954 0 0
i3 Verticals, Inc. Common 46571Y107 883 35,300 SH   SOLE   35,300 0 0
Investar Holding Corporation Common 46134L105 12,542 572,699 SH   SOLE   572,699 0 0
John Marshall Bank Common 47805L101 302 13,400 SH   SOLE   13,400 0 0
Lakeland Bancorp, Inc. Common 511637100 20,779 1,421,241 SH   SOLE   1,421,241 0 0
Ledyard Financial Group, Inc. Common 523338101 95 4,659 SH   SOLE   4,659 0 0
Lewis & Clark Bancorp Common 52757L109 26 729 SH   SOLE   729 0 0
Limestone Bancorp, Inc. Common 53262L105 7,362 399,878 SH   SOLE   399,878 0 0
LinkBancorp Common 53578P105 735 79,000 SH   SOLE   79,000 0 0
Live Oak Bancshares Common 53803X105 432 12,750 SH   SOLE   12,750 0 0
MainStreet Bancshares, Inc. Common 56064Y100 14,149 621,372 SH   SOLE   621,372 0 0
Malaga Financial Corporation Common 561046103 2,033 90,100 SH   SOLE   90,100 0 0
Malvern Bancorp, Inc. Common 561409103 7,753 482,459 SH   SOLE   482,459 0 0
McHenry Bancorp, Inc. Common 580683209 2,070 60,000 SH   SOLE   60,000 0 0
Mercantile Bank Corporation Common 587376104 15,661 490,158 SH   SOLE   490,158 0 0
Merchants Bancorp Common 58844R108 6,837 301,566 SH   SOLE   301,566 0 0
Merchants Financial Group, Inc. Common 588538108 8,241 323,184 SH   SOLE   323,184 0 0
Meridian Bank Common 58958P104 13,100 432,344 SH   SOLE   432,344 0 0
Metropolitan Bank Holding Corp. Common 591774104 11,320 163,061 SH   SOLE   163,061 0 0
Mid Penn Bank Common 59540G107 12,752 472,827 SH   SOLE   472,827 0 0
Mission Valley Bancorp Common 60520E104 2,763 204,642 SH   SOLE   204,642 0 0
Mountain Commerce Bancorp Common 624004107 14,909 552,195 SH   SOLE   552,195 0 0
MPB BHC, Inc. Common 55317L105 5,689 325,058 SH   SOLE   325,058 0 0
MVB Financial Corp. Common 553810102 2,667 85,733 SH   SOLE   85,733 0 0
nCino, Inc. Common 63947X101 286 9,260 SH   SOLE   9,260 0 0
Nicolet Bankshares, Inc. Common 65406E102 405 5,593 SH   SOLE   5,593 0 0
Northway Financial, Inc. Common 667270201 5,095 168,138 SH   SOLE   168,138 0 0
Nuvei Corp Common 67079A102 199 5,500 SH   SOLE   5,500 0 0
Oak Ridge Financial Services, Inc. Common 671768109 1,234 66,364 SH   SOLE   66,364 0 0
Oak Valley Bancorp Common 671807105 5,108 296,960 SH   SOLE   296,960 0 0
Old Second Bancorp, Inc. Common 680277100 29,151 2,178,694 SH   SOLE   2,178,694 0 0
Open Lending Corporation Common 68373J104 350 34,220 SH   SOLE   34,220 0 0
Orange County Bancorp Common 68417L107 18,532 488,069 SH   SOLE   488,069 0 0
Oregon Pacific Bancorp Common 686040205 4,032 606,386 SH   SOLE   606,386 0 0
Origin Bancorp Inc. Common 68621T102 8,829 227,542 SH   SOLE   227,542 0 0
Pacific Financial Corporation Common 694275108 5,066 494,205 SH   SOLE   494,205 0 0
Pacific West Bank Common 69506W202 2,461 185,715 SH   SOLE   185,715 0 0
Paya Holdings Inc. Common 70434P103 559 85,104 SH   SOLE   85,104 0 0
Payoneer Global Inc Common 70451X104 404 103,050 SH   SOLE   103,050 0 0
Peapack-Gladstone Financial Corporation Common 704699107 23,044 775,890 SH   SOLE   775,890 0 0
Peoples Bancorp Common 70979X107 2,506 11,934 SH   SOLE   11,934 0 0
Pinnacle Bancshares, Inc. Common 722903101 85 2,500 SH   SOLE   2,500 0 0
Pinnacle Bank Common 72346K107 3,540 277,682 SH   SOLE   277,682 0 0
Pinnacle Bankshares Corporation Common 72345E102 1,548 70,393 SH   SOLE   70,393 0 0
Pioneer Bancshares, Inc Common 72357G102 2,910 97,000 SH   SOLE   97,000 0 0
Potomac Bancshares, Inc. Common 737643106 711 41,492 SH   SOLE   41,492 0 0
Prime Meridian Holding Company Common 74164R107 6,117 241,776 SH   SOLE   241,776 0 0
Primis Financial Corporation Common 74167B109 20,051 1,471,093 SH   SOLE   1,471,093 0 0
Private Bancorp of America, Inc. Common 74274F100 8,668 299,097 SH   SOLE   299,097 0 0
Professional Holding Corp. Common 743139107 2,612 130,261 SH   SOLE   130,261 0 0
PSB Holdings, Inc. Common 69360N108 7,461 317,506 SH   SOLE   317,506 0 0
QNB Corp. Common 74726N107 3,479 126,526 SH   SOLE   126,526 0 0
Red River Bancshares, Inc. Common 75686R202 611 11,299 SH   SOLE   11,299 0 0
Republic First Bancorp, Inc. Common 760416107 3,822 1,003,081 SH   SOLE   1,003,081 0 0
River City Bank Common 76803X106 5,729 22,917 SH   SOLE   22,917 0 0
Riverview Bancorp, Inc. Common 769397100 1,507 229,007 SH   SOLE   229,007 0 0
Salisbury Bancorp, Inc. Common 795226109 1,023 43,336 SH   SOLE   43,336 0 0
Santa Cruz County Bank Common 801827106 14,455 673,906 SH   SOLE   673,906 0 0
Seacoast Banking Corporation of Florida Common 811707801 1,665 50,395 SH   SOLE   50,395 0 0
Shift4 Payments Common 82452J109 95 2,880 SH   SOLE   2,880 0 0
Shore Bancshares, Inc. Common 825107105 7,688 415,586 SH   SOLE   415,586 0 0
Sierra Bancorp Common 82620P102 3,510 161,544 SH   SOLE   161,544 0 0
Signature Bank Common 82669G104 1,649 9,200 SH   SOLE   9,200 0 0
Silvercrest Asset Management Group Inc. Common 828359109 3,336 203,286 SH   SOLE   203,286 0 0
Silvergate Capital Corporation Common 82837P408 820 15,320 SH   SOLE   15,320 0 0
Simmons First National Corp Common 828730200 5,708 268,494 SH   SOLE   268,494 0 0
SmartFinancial, Inc. Common 83190L208 16,409 679,185 SH   SOLE   679,185 0 0
South Atlantic Bancshares, Inc. Common 83636T104 6,418 423,608 SH   SOLE   423,608 0 0
South Plains Financial, Inc. Common 83946P107 3,025 125,319 SH   SOLE   125,319 0 0
Southern BancShares (N.C.), Inc. Common 842243107 9,001 1,895 SH   SOLE   1,895 0 0
Southern California Bancorp Common 84252A106 10,922 723,760 SH   SOLE   723,760 0 0
Southern First Bancshares, Inc. Common 842873101 15,183 348,324 SH   SOLE   348,324 0 0
Southern States Bancshares, Inc. Common 843878307 10,038 446,322 SH   SOLE   446,322 0 0
SouthPoint Bancshares, Inc. Common 844647107 3,209 104,826 SH   SOLE   104,826 0 0
Sterling Bancorp, Inc. Common 85917W102 2,862 502,061 SH   SOLE   502,061 0 0
Studio Bank Common 86389R100 1,000 74,074 SH   SOLE   74,074 0 0
Summit Bank Group, Inc. Common 86603R100 311 22,593 SH   SOLE   22,593 0 0
Summit State Bank Common 866264203 3,148 206,850 SH   SOLE   206,850 0 0
Surrey Bancorp Common 86888W105 866 61,785 SH   SOLE   61,785 0 0
SVB Financial Group Common 78486Q101 801 2,027 SH   SOLE   2,027 0 0
Synovus Financial Corp. Common 87161C501 997 27,657 SH   SOLE   27,657 0 0
Texas Capital Bancshares, Inc. Common 88224Q107 12,865 244,405 SH   SOLE   244,405 0 0
The Bancorp, Inc. Common 05969A105 1,056 54,092 SH   SOLE   54,092 0 0
Third Coast Bancshares Common 88422P109 6,171 281,774 SH   SOLE   281,774 0 0
Traditions Bancorp, Inc. Common 89269L102 5,000 222,235 SH   SOLE   222,235 0 0
Tri City Bankshares Corporation Common 895364107 3,167 172,141 SH   SOLE   172,141 0 0
Triumph Bancorp, Inc. Common 89679E300 20,734 331,418 SH   SOLE   331,418 0 0
Two Rivers Financial Group, Inc. Common 90206L106 2,949 78,629 SH   SOLE   78,629 0 0
United Bancorporation of Alabama, Inc. Common 90944R100 3,648 137,700 SH   SOLE   137,700 0 0
Unity Bancorp, Inc. Common 913290102 23,682 894,342 SH   SOLE   894,342 0 0
USCB Financial Holdings Inc. Common 90355N101 4,328 375,000 SH   SOLE   375,000 0 0
Veritex Holdings, Inc. Common 923451108 1,404 48,000 SH   SOLE   48,000 0 0
Village Bank and Trust Financial Corp. Common 92705T200 1,051 22,838 SH   SOLE   22,838 0 0
Virginia National Bankshares Corp. Common 928031103 1,239 39,357 SH   SOLE   39,357 0 0
Voyager Digital Common 92919V108 184 417,315 SH   SOLE   417,315 0 0
W.T.B. Financial Corporation Common 929334209 5,185 15,257 SH   SOLE   15,257 0 0
Westbury Bancorp, Inc. Common 95727P106 1,977 67,031 SH   SOLE   67,031 0 0
WEX Inc. Common 96208T104 1,549 9,955 SH   SOLE   9,955 0 0
White River Bancshares Company Common 96445A108 3,304 43,413 SH   SOLE   43,413 0 0