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
Estimated average burden
hours per response: 23.8
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 SOURCE CORP COM 336901103 1,544 50,000 SH   SOLE   50,000 0 0
AMERIS BANCORP COM 03076K108 7,043 207,200 SH   SOLE   207,200 0 0
ANCHOR BANCORP WA COM 032838104 6,045 233,503 SH   SOLE   233,503 0 0
ANCHOR BANCORP WIS INC DEL COM 03283P106 15,087 346,675 SH   SOLE   346,675 0 0
AVENUE FINL HLDGS INC COM 05358K102 2,127 148,000 SH   SOLE   148,000 0 0
BANCORPSOUTH INC COM 059692103 245 10,200 SH   SOLE   10,200 0 0
BANK AMER CORP COM 060505104 6,096 362,200 SH   SOLE   362,200 0 0
BANK OF MARIN BANCORP COM 063425102 2,639 49,418 SH   SOLE   49,418 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 1,940 150,000 SH   SOLE   150,000 0 0
BNC BANCORP COM 05566T101 7,235 285,072 SH   SOLE   285,072 0 0
BOFI HLDG INC COM 05566U108 8,397 398,900 SH   SOLE   398,900 0 0
BSB BANCORP INC MD COM 05573H108 5,445 232,806 SH   SOLE   232,806 0 0
C1 FINL INC COM 12591N109 4,227 174,600 SH   SOLE   174,600 0 0
CAROLINA FINL CORP NEW COM 143873107 3,240 180,000 SH   SOLE   180,000 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 10,488 630,310 SH   SOLE   630,310 0 0
CITIGROUP INC COM NEW 172967424 6,577 127,100 SH   SOLE   127,100 0 0
CITIZENS FINL GROUP INC COM 174610105 11,461 437,600 SH   SOLE   437,600 0 0
COMMERCE BANCSHARES INC COM 200525103 650 15,284 SH   SOLE   15,284 0 0
COMMUNITY BANKERS TR CORP COM 203612106 4,259 793,100 SH   SOLE   793,100 0 0
COMMUNITY WEST BANCSHARES COM 204157101 3,312 475,235 SH   SOLE   475,235 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 4,297 229,899 SH   SOLE   229,899 0 0
CU BANCORP CALIF COM 126534106 7,136 281,387 SH   SOLE   281,387 0 0
EAGLE BANCORP INC MD COM 268948106 2,518 49,900 SH   SOLE   49,900 0 0
EAST WEST BANCORP INC COM 27579R104 1,334 32,109 SH   SOLE   32,109 0 0
FIFTH THIRD BANCORP COM 316773100 8,042 400,100 SH   SOLE   400,100 0 0
FIRST BANCORP P R COM NEW 318672706 6,132 1,886,718 SH   SOLE   1,886,718 0 0
FIRST BANCSHARES INC MS COM 318916103 4,311 235,041 SH   SOLE   235,041 0 0
FIRST FINL BANCORP OH COM 320209109 2,186 120,986 SH   SOLE   120,986 0 0
FIRST FNDTN INC COM 32026V104 4,204 178,200 SH   SOLE   178,200 0 0
FIRSTMERIT CORP COM 337915102 7,652 410,290 SH   SOLE   410,290 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 4,976 245,268 SH   SOLE   245,268 0 0
GREAT WESTN BANCORP INC COM 391416104 5,856 201,800 SH   SOLE   201,800 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 5,045 305,017 SH   SOLE   305,017 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 2,443 160,200 SH   SOLE   160,200 0 0
HANMI FINL CORP COM NEW 410495204 6,013 253,503 SH   SOLE   253,503 0 0
HERITAGE FINL CORP WASH COM 42722X106 5,435 288,456 SH   SOLE   288,456 0 0
HERITAGE OAKS BANCORP COM 42724R107 5,669 707,680 SH   SOLE   707,680 0 0
HOWARD BANCORP INC COM 442496105 5,124 387,004 SH   SOLE   387,004 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 7,338 481,837 SH   SOLE   481,837 0 0
JPMORGAN CHASE & CO COM 46625H100 4,160 63,000 SH   SOLE   63,000 0 0
KINGSTONE COS INC COM 496719105 1,906 211,800 SH   SOLE   211,800 0 0
M & T BK CORP *W EXP 12/23/201 55261F112 6,645 136,400 SH   SOLE   136,400 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 945 41,300 SH   SOLE   41,300 0 0
MBT FINL CORP COM 578877102 4,354 637,448 SH   SOLE   637,448 0 0
MERIDIAN BANCORP INC MD COM 58958U103 5,192 368,224 SH   SOLE   368,224 0 0
OLD LINE BANCSHARES INC COM 67984M100 2,837 161,490 SH   SOLE   161,490 0 0
OLD POINT FINL CORP COM 680194107 2,501 145,757 SH   SOLE   145,757 0 0
OLD SECOND BANCORP INC ILL COM 680277100 3,919 499,900 SH   SOLE   499,900 0 0
OPUS BK IRVINE CALIF COM 684000102 3,690 99,800 SH   SOLE   99,800 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 1,432 200,908 SH   SOLE   200,908 0 0
PACIFIC PREMIER BANCORP COM 69478X105 4,799 225,822 SH   SOLE   225,822 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 9,348 453,348 SH   SOLE   453,348 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 14,033 424,971 SH   SOLE   424,971 0 0
QCR HOLDINGS INC COM 74727A104 5,681 233,900 SH   SOLE   233,900 0 0
REGIONS FINL CORP NEW COM 7591EP100 3,741 389,700 SH   SOLE   389,700 0 0
RENASANT CORP COM 75970E107 943 27,400 SH   SOLE   27,400 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 7,488 157,540 SH   SOLE   157,540 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 514 10,000 SH   SOLE   10,000 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 2,868 126,340 SH   SOLE   126,340 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,938 89,416 SH   SOLE   89,416 0 0
SYNOVUS FINL CORP COM NEW 87161C501 9,538 294,571 SH   SOLE   294,571 0 0
TFS FINL CORP COM 87240R107 29,171 1,549,178 SH   SOLE   1,549,178 0 0
UMPQUA HLDGS CORP COM 904214103 3,657 230,000 SH   SOLE   230,000 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 4,844 248,550 SH   SOLE   248,550 0 0
WELLS FARGO & CO NEW COM 949746101 4,343 79,900 SH   SOLE   79,900 0 0
WILSHIRE BANCORP INC COM 97186T108 5,038 436,200 SH   SOLE   436,200 0 0
WINTRUST FINL CORP COM 97650W108 996 20,522 SH   SOLE   20,522 0 0
YADKIN FINL CORP COM 984305102 10,492 416,831 SH   SOLE   416,831 0 0
YOUR CMNTY BANKSHARES INC COM 98779U106 2,840 90,100 SH   SOLE   90,100 0 0
ZIONS BANCORPORATION COM 989701107 4,717 172,800 SH   SOLE   172,800 0 0