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 CONSTITUTION BANCORP COM 31986N102 886 64,479 SH   SOLE   64,479 0 0
ALLEGIANCE BANCSHARES INC COM 01748H107 214 7,913 SH   SOLE   7,913 0 0
AMERICAN NATL BANKSHARES INC COM 027745108 298 10,651 SH   SOLE   10,651 0 0
AMERICAN RIVER BANKSHARES COM 029326105 196 18,099 SH   SOLE   18,099 0 0
AMERISERV FINL INC COM 03074A102 2,185 658,234 SH   SOLE   658,234 0 0
ANCHOR BANCORP WA COM 032838104 1,096 42,997 SH   SOLE   42,997 0 0
BANCORP NEW JERSEY INC NEW COM 059915108 166 14,558 SH   SOLE   14,558 0 0
BANK COMM HLDGS COM 06424J103 681 94,558 SH   SOLE   94,558 0 0
BANKUNITED INC COM 06652K103 675 22,354 SH   SOLE   22,354 0 0
BANKWELL FINL GROUP INC COM 06654A103 719 30,347 SH   SOLE   30,347 0 0
BANNER CORP COM NEW 06652V208 3,727 85,203 SH   SOLE   85,203 0 0
BAY BANCORP INC COM 07203T106 296 53,647 SH   SOLE   53,647 0 0
C & F FINL CORP COM 12466Q104 993 23,049 SH   SOLE   23,049 0 0
CARDINAL FINL CORP COM 14149F109 1,088 41,697 SH   SOLE   41,697 0 0
CAROLINA BK HLDGS INC GREENS COM 143785103 7,409 379,779 SH   SOLE   379,779 0 0
CASCADE BANCORP COM NEW 147154207 147 24,305 SH   SOLE   24,305 0 0
CENTRAL FED CORP COM NEW 15346Q202 148 105,101 SH   SOLE   105,101 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 1,444 91,037 SH   SOLE   91,037 0 0
CHARTER FINL CORP MD COM 16122W108 1,504 116,754 SH   SOLE   116,754 0 0
CHEMUNG FINL CORP COM 164024101 331 11,424 SH   SOLE   11,424 0 0
CHICOPEE BANCORP INC COM 168565109 281 15,176 SH   SOLE   15,176 0 0
CIVITAS SOLUTIONS INC COM 17887R102 347 24,451 SH   SOLE   24,451 0 0
CODORUS VY BANCORP INC COM 192025104 428 19,556 SH   SOLE   19,556 0 0
COLONY BANKCORP INC COM 19623P101 110 11,147 SH   SOLE   11,147 0 0
COMMUNITY BANKERS TR CORP COM 203612106 302 55,778 SH   SOLE   55,778 0 0
COMMUNITY TR BANCORP INC COM 204149108 533 14,372 SH   SOLE   14,372 0 0
COMMUNITY WEST BANCSHARES COM 204157101 411 49,532 SH   SOLE   49,532 0 0
COMMUNITYONE BANCORP COM 20416Q108 2,384 172,229 SH   SOLE   172,229 0 0
CU BANCORP CALIF COM 126534106 1,435 62,932 SH   SOLE   62,932 0 0
CUSTOMERS BANCORP INC COM 23204G100 1,871 74,354 SH   SOLE   74,354 0 0
DIME CMNTY BANCSHARES COM 253922108 1,397 83,359 SH   SOLE   83,359 0 0
ENTEGRA FINL CORP COM 29363J108 313 17,022 SH   SOLE   17,022 0 0
ENTERPRISE BANCORP INC MASS COM 293668109 1,189 42,469 SH   SOLE   42,469 0 0
EVERBANK FINL CORP COM 29977G102 1,177 60,812 SH   SOLE   60,812 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 1,896 103,073 SH   SOLE   103,073 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022K102 2,329 164,363 SH   SOLE   164,363 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,240 45,483 SH   SOLE   45,483 0 0
FIRST NBC BK HLDG CO COM 32115D106 310 32,817 SH   SOLE   32,817 0 0
FIRST NORTHWEST BANCORP COM 335834107 500 37,035 SH   SOLE   37,035 0 0
FIRST SOUTH BANCORP INC VA COM 33646W100 123 12,334 SH   SOLE   12,334 0 0
FLUSHING FINL CORP COM 343873105 404 17,020 SH   SOLE   17,020 0 0
FRANKLIN FINL NETWORK INC COM 5352P104 1,945 51,993 SH   SOLE   51,993 0 0
FS BANCORP INC COM 30263Y104 1,088 37,280 SH   SOLE   37,280 0 0
GREAT SOUTHN BANCORP INC COM 390905107 927 22,774 SH   SOLE   22,774 0 0
GREEN BANCORP INC COM 39260X100 2,385 218,252 SH   SOLE   218,252 0 0
HAMILTON BANCORP INC MD COM 407015106 476 35,011 SH   SOLE   35,011 0 0
HEARTLAND FINL USA INC COM 42234Q102 817 22,640 SH   SOLE   22,640 0 0
HERITAGE COMMERCE CORP COM 426927109 1,043 95,329 SH   SOLE   95,329 0 0
HERITAGE FINL CORP WASH COM 42722X106 3,464 193,008 SH   SOLE   193,008 0 0
HILLTOP HOLDINGS INC COM 432748101 2,379 105,922 SH   SOLE   105,922 0 0
HOME BANCORP INC COM 436890000 723 25,817 SH   SOLE   25,817 0 0
HOMESTREET INC COM 43785V102 3,471 138,501 SH   SOLE   138,501 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,027 55,537 SH   SOLE   55,537 0 0
HOPE BANCORP INC COM 43940T109 2,194 126,335 SH   SOLE   126,335 0 0
HOWARD BANCORP INC COM 442496105 243 18,388 SH   SOLE   18,388 0 0
IBERIABANK CORP COM 450828108 4,092 60,964 SH   SOLE   60,964 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 4,467 150,007 SH   SOLE   150,007 0 0
NATIONAL BK HLDGS CORP CL A 633707104 2,645 113,170 SH   SOLE   113,170 0 0
NORTHEAST BANCORP COM NEW 663904209 700 60,413 SH   SOLE   60,413 0 0
OCEAN SHORE HLDG CO NEW COM 67501R103 5,570 245,913 SH   SOLE   245,913 0 0
ORITANI FINL CORP DEL COM 68633D103 3,451 219,514 SH   SOLE   219,514 0 0
ORRSTOWN FINL SVCS INC COM 687380105 279 14,112 SH   SOLE   14,112 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 634 37,722 SH   SOLE   37,722 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 216 29,320 SH   SOLE   29,320 0 0
PACIFIC PREMIER BANCORP COM 69478X105 1,502 56,767 SH   SOLE   56,767 0 0
PACWEST BANCORP DEL COM 695263103 5,199 121,157 SH   SOLE   121,157 0 0
PARKE BANCORP INC COM 700885106 597 39,618 SH   SOLE   39,618 0 0
PEOPLES BANCORP INC COM 709789101 905 36,804 SH   SOLE   36,804 0 0
PEOPLES FINL CORP MISS COM 71103B102 524 49,185 SH   SOLE   49,185 0 0
PEOPLES UTAH BANCORP COM 712706209 961 47,220 SH   SOLE   47,220 0 0
PLUMAS BANCORP COM 729273102 319 31,162 SH   SOLE   31,162 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,204 70,272 SH   SOLE   70,272 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 2,272 63,540 SH   SOLE   63,540 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 385 93,652 SH   SOLE   93,652 0 0
RIVERVIEW BANCORP INC COM 769397100 143 26,615 SH   SOLE   26,615 0 0
SELECT BANCORP INC NEW COM 81617L108 256 31,955 SH   SOLE   31,955 0 0
SHORE BANCSHARES INC COM 825107105 1,275 108,222 SH   SOLE   108,222 0 0
SIERRA BANCORP COM 82620P102 966 51,484 SH   SOLE   51,484 0 0
SOUND FINL BANCORP INC COM 83607A100 1,413 57,738 SH   SOLE   57,738 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,204 92,225 SH   SOLE   92,225 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 543 28,576 SH   SOLE   28,576 0 0
STATE BK FINL CORP COM 856190103 6,584 288,516 SH   SOLE   288,516 0 0
STEWARDSHIP FINL CORP COM 860326107 192 24,353 SH   SOLE   24,353 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,837 84,052 SH   SOLE   84,052 0 0
SUFFOLK BANCORP COM 864739107 2,123 61,057 SH   SOLE   61,057 0 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 398 29,300 SH   SOLE   29,300 0 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 2,093 87,094 SH   SOLE   87,094 0 0
TRICO BANCSHARES COM 896095106 1,090 40,729 SH   SOLE   40,729 0 0
TRUSTCO BK CORP N Y COM 898349105 895 126,274 SH   SOLE   126,274 0 0
UMPQUA HLDGS CORP COM 904214103 2,035 135,208 SH   SOLE   135,208 0 0
UNITED SECURITY BANCSHARES C COM 911460103 688 108,819 SH   SOLE   108,819 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 330 13,404 SH   SOLE   13,404 0 0
WATERSTONE FINL INC MD COM 94188P101 422 24,856 SH   SOLE   24,856 0 0
WINTRUST FINL CORP COM 97650W108 594 10,691 SH   SOLE   10,691 0 0
WVS FINL CORP COM 929358109 841 65,162 SH   SOLE   65,162 0 0
XENITH BANKSHARES INC COM 98410X105 6,871 2,974,614 SH   SOLE   2,974,614 0 0
YADKIN FINL CORP COM 984305102 18,230 693,407 SH   SOLE   693,407 0 0