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 CENTURY BANCSHARES INC COM 31943X102 3,189 284,239 SH   SOLE   284,239 0 0
1ST CONSTITUTION BANCORP COM 31986N102 782 65,079 SH   SOLE   65,079 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 268 10,651 SH   SOLE   10,651 0 0
AMERISERV FINL INC COM 03074A102 1,371 454,000 SH   SOLE   454,000 0 0
BANK COMM HLDGS COM 06424J103 611 92,567 SH   SOLE   92,567 0 0
BANNER CORP COM NEW 06652V208 2,633 61,894 SH   SOLE   61,894 0 0
BAY BANCORP INC COM 07203T106 239 47,047 SH   SOLE   47,047 0 0
C & F FINL CORP COM 12466Q104 1,107 22,731 SH   SOLE   22,731 0 0
C1 FINL INC COM 12591N109 18,768 804,466 SH   SOLE   804,466 0 0
CARDINAL FINL CORP COM 14149F109 796 36,292 SH   SOLE   36,292 0 0
CAROLINA BK HLDGS INC GREENS COM 143785103 2,055 117,542 SH   SOLE   117,542 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 1,714 122,405 SH   SOLE   122,405 0 0
CHARTER FINL CORP MD COM 16122W108 1,172 88,267 SH   SOLE   88,267 0 0
CHEMUNG FINL CORP COM 164024101 356 12,120 SH   SOLE   12,120 0 0
CNB FINL CORP PA COM 126128107 321 18,059 SH   SOLE   18,059 0 0
CODORUS VY BANCORP INC COM 192025104 390 19,156 SH   SOLE   19,156 0 0
COMMUNITY BANKERS TR CORP COM 203612106 289 55,778 SH   SOLE   55,778 0 0
COMMUNITY TR BANCORP INC COM 204149108 498 14,372 SH   SOLE   14,372 0 0
COMMUNITY WEST BANCSHARES COM 204157101 289 39,332 SH   SOLE   39,332 0 0
COMMUNITYONE BANCORP COM 20416Q108 2,077 164,302 SH   SOLE   164,302 0 0
CU BANCORP CALIF COM 126534106 1,430 62,932 SH   SOLE   62,932 0 0
CUSTOMERS BANCORP INC COM 23204G100 462 18,386 SH   SOLE   18,386 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,018 42,429 SH   SOLE   42,429 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 1,551 98,973 SH   SOLE   98,973 0 0
FIRST BANCORP N C COM 318910106 566 32,171 SH   SOLE   32,171 0 0
FIRST CLOVER LEAF FIN CORP COM 31969M105 1,905 160,049 SH   SOLE   160,049 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 1,538 115,778 SH   SOLE   115,778 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 1,458 149,695 SH   SOLE   149,695 0 0
FIRST NORTHWEST BANCORP COM 335834107 445 34,891 SH   SOLE   34,891 0 0
FIRSTMERIT CORP COM 337915102 243 12,000 SH   SOLE   12,000 0 0
FLUSHING FINL CORP COM 343873105 324 16,320 SH   SOLE   16,320 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 8,226 404,411 SH   SOLE   404,411 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 1,631 51,993 SH   SOLE   51,993 0 0
FS BANCORP INC COM 30263Y104 884 34,875 SH   SOLE   34,875 0 0
GREAT SOUTHN BANCORP INC COM 390905107 565 15,285 SH   SOLE   15,285 0 0
GREEN BANCORP INC COM 39260X100 1,981 227,142 SH   SOLE   227,142 0 0
HAMPTON ROADS BANKSHARES INC COM NEW 409321502 321 179,600 SH   SOLE   179,600 0 0
HEARTLAND FINL USA INC COM 42234Q102 753 21,342 SH   SOLE   21,342 0 0
HERITAGE COMMERCE CORP COM 426927109 993 94,329 SH   SOLE   94,329 0 0
HERITAGE FINL CORP WASH COM 42722X106 3,112 177,033 SH   SOLE   177,033 0 0
HILLTOP HOLDINGS INC COM 432748101 2,223 105,922 SH   SOLE   105,922 0 0
HOME BANCORP INC COM 43689E107 711 25,896 SH   SOLE   25,896 0 0
HOMESTREET INC COM 43785V102 2,759 138,501 SH   SOLE   138,501 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,014 54,837 SH   SOLE   54,837 0 0
HOWARD BANCORP INC COM 442496105 236 18,188 SH   SOLE   18,188 0 0
IBERIABANK CORP COM 450828108 3,474 58,169 SH   SOLE   58,169 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 3,950 151,392 SH   SOLE   151,392 0 0
LAPORTE BANCORP INC MD COM 516651106 4,766 291,835 SH   SOLE   291,835 0 0
MIDSOUTH BANCORP INC COM 598039105 293 29,188 SH   SOLE   29,188 0 0
NATIONAL BK HLDGS CORP CL A 633707104 1,963 96,435 SH   SOLE   96,435 0 0
NORTHEAST BANCORP COM NEW 663904209 595 52,889 SH   SOLE   52,889 0 0
OCEAN SHORE HLDG CO NEW COM 67501R103 695 40,954 SH   SOLE   40,954 0 0
ORITANI FINL CORP DEL COM 68633D103 941 58,833 SH   SOLE   58,833 0 0
ORRSTOWN FINL SVCS INC COM 687380105 580 32,132 SH   SOLE   32,132 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 447 28,440 SH   SOLE   28,440 0 0
PACIFIC PREMIER BANCORP COM 69478X105 6,967 290,272 SH   SOLE   290,272 0 0
PACWEST BANCORP DEL COM 695263103 4,784 120,257 SH   SOLE   120,257 0 0
PARKE BANCORP INC COM 700885106 301 23,318 SH   SOLE   23,318 0 0
PEOPLES BANCORP INC COM 709789101 802 36,804 SH   SOLE   36,804 0 0
PEOPLES FINL CORP MISS COM 71103B102 255 24,785 SH   SOLE   24,785 0 0
PEOPLES UTAH BANCORP COM 712706209 696 41,909 SH   SOLE   41,909 0 0
PLUMAS BANCORP COM 729273102 264 29,272 SH   SOLE   29,272 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 1,783 61,740 SH   SOLE   61,740 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,184 70,272 SH   SOLE   70,272 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 275 63,815 SH   SOLE   63,815 0 0
SELECT BANCORP INC NEW COM 81617L108 200 24,811 SH   SOLE   24,811 0 0
SHORE BANCSHARES INC COM 825107105 682 58,013 SH   SOLE   58,013 0 0
SIERRA BANCORP COM 82620P102 476 28,531 SH   SOLE   28,531 0 0
SOUND FINL BANCORP INC COM 83607A100 1,234 51,542 SH   SOLE   51,542 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 913 75,104 SH   SOLE   75,104 0 0
STATE BK FINL CORP COM 856190103 5,890 289,416 SH   SOLE   289,416 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 868 26,906 SH   SOLE   26,906 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 1,996 92,204 SH   SOLE   92,204 0 0
TRICO BANCSHARES COM 896095106 400 14,485 SH   SOLE   14,485 0 0
TRUSTCO BK CORP N Y COM 898349105 685 106,886 SH   SOLE   106,886 0 0
UMPQUA HLDGS CORP COM 904214103 1,151 74,408 SH   SOLE   74,408 0 0
UNITED SECURITY BANCSHARES C COM 911460103 675 105,155 SH   SOLE   105,155 0 0
UNITED SEC BANCSHARES INC SHS 911459105 566 63,559 SH   SOLE   63,559 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 290 13,404 SH   SOLE   13,404 0 0
WATERSTONE FINL INC MD COM 94188P101 213 13,887 SH   SOLE   13,887 0 0
WILSHIRE BANCORP INC COM 97186T108 5,384 516,716 SH   SOLE   516,716 0 0
WINTRUST FINL CORP COM 97650W108 545 10,691 SH   SOLE   10,691 0 0
WVS FINL CORP COM 929358109 726 65,162 SH   SOLE   65,162 0 0
XENITH BANKSHARES INC COM 98410X105 5,034 633,251 SH   SOLE   633,251 0 0