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
ASB BANCORP INC N C COM 00213T109 204 6,900 SH   SOLE   6,900 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 950 50,000 SH   SOLE   50,000 0 0
ATLANTIC COAST FINL CORP COM 048426100 10,317 1,517,200 SH   SOLE   1,517,200 0 0
BANK MUTUAL CORP NEW COM 063750103 3,112 329,300 SH   SOLE   329,300 0 0
BNC BANCORP COM 05566T101 38,021 1,191,900 SH   SOLE   1,191,900 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 174 10,600 SH   SOLE   10,600 0 0
BSB BANCORP INC MD COM 05573H108 6,770 233,800 SH   SOLE   233,800 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 5,246 238,900 SH   SOLE   238,900 0 0
CASCADE BANCORP COM NEW 147154207 1,833 225,700 SH   SOLE   225,700 0 0
CB FINL SVCS INC COM 12479G101 2,168 83,900 SH   SOLE   83,900 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 13,993 636,900 SH   SOLE   636,900 0 0
CHARTER FINL CORP MD COM 16122W108 3,301 198,000 SH   SOLE   198,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 3,209 258,200 SH   SOLE   258,200 0 0
COASTWAY BANCORP INC COM 190632109 1,094 69,900 SH   SOLE   69,900 0 0
CODORUS VY BANCORP INC COM 192025104 3,876 135,500 SH   SOLE   135,500 0 0
COMMERCE UN BANCSHARES INC COM 200828101 1,509 70,100 SH   SOLE   70,100 0 0
COMMUNITY FINL CORP MD COM 20368X101 3,141 108,300 SH   SOLE   108,300 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 7,283 280,600 SH   SOLE   280,600 0 0
CU BANCORP CALIF COM 126534106 2,134 59,600 SH   SOLE   59,600 0 0
EASTERN VA BANKSHARES INC COM 277196101 4,820 461,200 SH   SOLE   461,200 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 16,581 498,000 SH   SOLE   498,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 1,243 39,400 SH   SOLE   39,400 0 0
FIRST BANCSHARES INC MS COM 318916103 5,001 202,000 SH   SOLE   202,000 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 12,029 1,037,000 SH   SOLE   1,037,000 0 0
FIRST CMNTY CORP S C COM 319835104 5,849 324,100 SH   SOLE   324,100 0 0
FIRST CONN BANCORP INC MD COM 319850103 4,433 195,700 SH   SOLE   195,700 0 0
FIRST INTERNET BANCORP COM 320557101 1,280 40,000 SH   SOLE   40,000 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,912 85,700 SH   SOLE   85,700 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 5,814 123,700 SH   SOLE   123,700 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 13,479 322,100 SH   SOLE   322,100 0 0
FS BANCORP INC COM 30263Y104 2,373 66,000 SH   SOLE   66,000 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 24,412 1,008,800 SH   SOLE   1,008,800 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 7,005 330,700 SH   SOLE   330,700 0 0
HOME BANCORP INC COM 43689E107 25,029 648,300 SH   SOLE   648,300 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,263 121,500 SH   SOLE   121,500 0 0
HOMESTREET INC COM 43785V102 1,266 40,100 SH   SOLE   40,100 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 3,448 372,700 SH   SOLE   372,700 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,630 62,900 SH   SOLE   62,900 0 0
HOPFED BANCORP INC COM 439734104 827 61,400 SH   SOLE   61,400 0 0
HOWARD BANCORP INC COM 442496105 476 31,500 SH   SOLE   31,500 0 0
IBERIABANK CORP COM 450828108 1,256 15,000 SH   SOLE   15,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 9,037 416,500 SH   SOLE   416,500 0 0
INVESTAR HLDG CORP COM 46134L105 11,413 611,900 SH   SOLE   611,900 0 0
INVESTORS BANCORP INC NEW COM 46146L101 79,288 5,683,700 SH   SOLE   5,683,700 0 0
JACKSONVILLE BANCORP INC MD COM 46924R106 406 13,500 SH   SOLE   13,500 0 0
KCG HLDGS INC CL A 48244B100 138 10,400 SH   SOLE   10,400 0 0
LAKELAND BANCORP INC COM 511637100 1,650 84,600 SH   SOLE   84,600 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 1,105 32,100 SH   SOLE   32,100 0 0
MALVERN BANCORP INC COM 561409103 13,717 648,600 SH   SOLE   648,600 0 0
MUTUALFIRST FINL INC COM 62845B104 8,456 255,500 SH   SOLE   255,500 0 0
NATIONAL BK HLDGS CORP CL A 633707104 20,802 652,300 SH   SOLE   652,300 0 0
NATIONAL GEN HLDGS CORP COM 636220303 5,116 204,700 SH   SOLE   204,700 0 0
NMI HLDGS INC CL A 629209305 5,858 550,000 SH   SOLE   550,000 0 0
OCEANFIRST FINL CORP COM 675234108 17,014 566,600 SH   SOLE   566,600 0 0
OLD LINE BANCSHARES INC COM 67984M100 14,097 587,900 SH   SOLE   587,900 0 0
OLD NATL BANCORP IND COM 680033107 22,362 1,232,100 SH   SOLE   1,232,100 0 0
OLD POINT FINL CORP COM 680194107 4,289 171,500 SH   SOLE   171,500 0 0
OLD SECOND BANCORP INC ILL COM 680277100 7,971 721,300 SH   SOLE   721,300 0 0
OTTAWA BANCORP INC COM 689195105 1,232 96,800 SH   SOLE   96,800 0 0
PACIFIC PREMIER BANCORP COM 69478X105 25,738 728,100 SH   SOLE   728,100 0 0
PARK STERLING CORP COM 70086Y105 3,675 340,600 SH   SOLE   340,600 0 0
POAGE BANKSHARES INC COM 730206109 299 15,900 SH   SOLE   15,900 0 0
PROVIDENT BANCORP INC COM 74383X109 1,074 60,000 SH   SOLE   60,000 0 0
QCR HOLDINGS INC COM 74727A104 5,040 116,400 SH   SOLE   116,400 0 0
ROYAL BANCSHARES PA INC CL A 780081105 6,041 1,455,600 SH   SOLE   1,455,600 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 11,948 541,600 SH   SOLE   541,600 0 0
SHORE BANCSHARES INC COM 825107105 15,841 1,038,800 SH   SOLE   1,038,800 0 0
SOUTHERN MO BANCORP INC COM 843380106 15,756 445,300 SH   SOLE   445,300 0 0
STATE NATL COS INC COM 85711T305 4,972 358,800 SH   SOLE   358,800 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 3,141 75,300 SH   SOLE   75,300 0 0
SUN BANCORP INC COM NEW 86663B201 28,439 1,093,800 SH   SOLE   1,093,800 0 0
TRI POINTE GROUP INC COM 87265H109 116 10,100 SH   SOLE   10,100 0 0
TWO HBRS INVT CORP COM 90187B101 100 11,400 SH   SOLE   11,400 0 0
UNITED CMNTY BANCORP IND COM 90984R101 334 20,000 SH   SOLE   20,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 12,525 1,401,000 SH   SOLE   1,401,000 0 0
UNIVEST CORP PA COM 915271100 19,020 615,500 SH   SOLE   615,500 0 0
VERITEX HLDGS INC COM 923451108 34,962 1,309,000 SH   SOLE   1,309,000 0 0
WCF BANCORP INC COM 92940L103 437 43,700 SH   SOLE   43,700 0 0
WELLESLEY BANCORP INC COM 949485106 926 33,400 SH   SOLE   33,400 0 0
WESTBURY BANCORP INC COM 95727P106 6,340 306,300 SH   SOLE   306,300 0 0