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
AMERIS BANCORP COM 03076K108 4,308 199,800 SH   SOLE   199,800 0 0
ANCHOR BANCORP WA COM 032838104 4,650 243,603 SH   SOLE   243,603 0 0
BANCORPSOUTH INC COM 059692103 248 10,100 SH   SOLE   10,100 0 0
BANK OF AMERICA CORPORATION COM 060505104 7,809 508,100 SH   SOLE   508,100 0 0
BANK OF MARIN BANCORP COM 063425102 2,984 65,458 SH   SOLE   65,458 0 0
BANNER CORP COM 06652V208 2,706 68,277 SH   SOLE   68,277 0 0
BNC BANCORP COM 05566T101 5,114 299,600 SH   SOLE   299,600 0 0
BRIDGE BANCORP INC COM 108035106 2,404 100,200 SH   SOLE   100,200 0 0
BSB BANCORP INC MD COM 05573H108 3,974 231,606 SH   SOLE   231,606 0 0
CAPITAL ONE FINL CORP COM 14040H105 6,715 81,300 SH   SOLE   81,300 0 0
CENTER BANCORP INC COM 151408101 1,011 52,600 SH   SOLE   52,600 0 0
CHEMICAL FINL CORP COM 163731102 3,650 130,000 SH   SOLE   130,000 0 0
CITIGROUP INC COM NEW 172967424 5,953 126,400 SH   SOLE   126,400 0 0
COMMERCE BANCSHARES INC COM 200525103 640 13,770 SH   SOLE   13,770 0 0
COMMUNITY BANKERS TR CORP COM 203612106 3,455 788,900 SH   SOLE   788,900 0 0
COMMUNITY WEST BANCSHARES COM 204157101 3,077 462,635 SH   SOLE   462,635 0 0
CONNECTONE BANCORP INC COM 20786U101 366 7,346 SH   SOLE   7,346 0 0
CU BANCORP CALIF COM 126534106 1,721 90,239 SH   SOLE   90,239 0 0
EAST WEST BANCORP INC COM 27579R104 879 25,109 SH   SOLE   25,109 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 1,898 105,100 SH   SOLE   105,100 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 2,398 184,629 SH   SOLE   184,629 0 0
FIFTH THIRD BANCORP COM 316773100 9,443 442,300 SH   SOLE   442,300 0 0
FIRST BANCORP P R COM NEW 318672706 4,493 826,000 SH   SOLE   826,000 0 0
FIRST BANCSHARES INC MS COM 318916103 2,880 202,841 SH   SOLE   202,841 0 0
FIRST FINL BANCORP OH COM 320209109 2,588 150,386 SH   SOLE   150,386 0 0
FIRST INTERNET BANCORP COM 320557101 602 29,200 SH   SOLE   29,200 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 3,954 232,200 SH   SOLE   232,200 0 0
FIRST NBC BK HLDG CO COM 32115D106 5,344 159,461 SH   SOLE   159,461 0 0
FIRST SEC GROUP INC COM NEW 336312202 2,060 949,200 SH   SOLE   949,200 0 0
FIRSTMERIT CORP COM 337915102 7,090 358,990 SH   SOLE   358,990 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 4,063 240,968 SH   SOLE   240,968 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 1,991 159,300 SH   SOLE   159,300 0 0
HANMI FINL CORP COM NEW 410495204 5,316 252,203 SH   SOLE   252,203 0 0
HERITAGE FINL CORP WASH COM 42722X106 3,672 228,246 SH   SOLE   228,246 0 0
HERITAGE OAKS BANCORP COM 42724R107 1,775 232,589 SH   SOLE   232,589 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 6,168 479,237 SH   SOLE   479,237 0 0
JPMORGAN CHASE & CO COM 46625H100 3,613 62,700 SH   SOLE   62,700 0 0
KINGSTONE COS INC COM 496719105 2,616 392,200 SH   SOLE   392,200 0 0
M & T BK CORP *W EXP 12/23/201 55261F112 6,819 135,900 SH   SOLE   135,900 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 507 29,400 SH   SOLE   29,400 0 0
MERCANTILE BANK CORP COM 587376104 2,917 127,492 SH   SOLE   127,492 0 0
MERIDIAN INTERSTAT BANCORP I COM 58964Q104 3,842 149,600 SH   SOLE   149,600 0 0
OLD POINT FINL CORP COM 680194107 2,232 145,057 SH   SOLE   145,057 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,519 506,800 SH   SOLE   506,800 0 0
OMNIAMERICAN BANCORP INC COM 68216R107 2,563 102,503 SH   SOLE   102,503 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 1,678 122,200 SH   SOLE   122,200 0 0
PACIFIC PREMIER BANCORP COM 69478X105 2,106 149,500 SH   SOLE   149,500 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 5,138 242,248 SH   SOLE   242,248 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 10,594 448,148 SH   SOLE   448,148 0 0
REGIONS FINL CORP NEW COM 7591EP100 5,171 486,900 SH   SOLE   486,900 0 0
RENASANT CORP COM 75970E107 791 27,200 SH   SOLE   27,200 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 6,309 73,000 SH   SOLE   73,000 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 9,464 75,000 SH   SOLE   75,000 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 390 9,900 SH   SOLE   9,900 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 3,792 222,252 SH   SOLE   222,252 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,241 88,916 SH   SOLE   88,916 0 0
SVB FINL GROUP COM 78486Q101 2,566 22,000 SH   SOLE   22,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501 11,633 477,171 SH   SOLE   477,171 0 0
TFS FINL CORP COM 87240R107 30,540 2,141,678 SH   SOLE   2,141,678 0 0
VANTAGESOUTH BANCSHARES INC COM 92209W105 1,190 200,000 SH   SOLE   200,000 0 0
WATERSTONE FINL INC MD COM 94188P101 1,323 115,939 SH   SOLE   115,939 0 0
WELLS FARGO & CO NEW COM 949746101 5,729 109,000 SH   SOLE   109,000 0 0
WILSHIRE BANCORP INC COM 97186T108 4,456 433,900 SH   SOLE   433,900 0 0
WINTRUST FINL CORP COM 97650W108 939 20,422 SH   SOLE   20,422 0 0
YADKIN FINL CORP COM 984305102 9,969 529,132 SH   SOLE   529,132 0 0