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
CENTRAL FED CORP COM NEW 15346Q202 2,934 1,264,611 SH   SOLE   1,264,611 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 11,172 1,133,009 SH   SOLE   1,133,009 0 0
Huntington Bancshares Inc COM 446150104 15,946 1,055,996 SH   SOLE   1,055,996 0 0
MACATAWA BK CORP COM 554225102 9,419 917,176 SH   SOLE   917,176 0 0
KEYCORP NEW COM 493267108 15,812 808,776 SH   SOLE   808,776 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 13,585 750,529 SH   SOLE   750,529 0 0
UNITED SECURITY BANCSHARES C COM 911460103 6,355 591,132 SH   SOLE   591,132 0 0
CoBiz Financial Inc COM 190897108 11,423 582,828 SH   SOLE   582,828 0 0
FARMERS NATL BANC CORP COM 309627107 6,050 436,791 SH   SOLE   436,791 0 0
VERITEX HLDGS INC COM 923451108 11,368 410,847 SH   SOLE   410,847 0 0
CITIZENS FINL GROUP INC COM 174610105 16,866 401,755 SH   SOLE   401,755 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 10,502 364,663 SH   SOLE   364,663 0 0
Old Line Bancshares Inc COM 67984M100 11,777 356,885 SH   SOLE   356,885 0 0
NATIONAL COMM CORP COM 63546L102 14,523 333,476 SH   SOLE   333,476 0 0
ZIONS BANCORPORATION COM 989701107 16,181 306,873 SH   SOLE   306,873 0 0
FIRST CMNTY CORP S C COM 319835104 6,854 299,285 SH   SOLE   299,285 0 0
ORRSTOWN FINL SVCS INC COM 687380105 6,907 286,012 SH   SOLE   286,012 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 5,340 283,595 SH   SOLE   283,595 0 0
FINANCIAL INSTNS INC COM 317585404 8,123 274,437 SH   SOLE   274,437 0 0
LEGACY TEX FINL GROUP INC COM 52471Y106 11,588 270,623 SH   SOLE   270,623 0 0
Banner Corp COM NEW 06652V208 14,884 268,224 SH   SOLE   268,224 0 0
FCB FINL HLDGS INC CL A 30255G103 13,284 259,967 SH   SOLE   259,967 0 0
SUNTRUST BKS INC COM 867914103 16,611 244,135 SH   SOLE   244,135 0 0
COMERICA INC *W EXP 11/14/201 200340115 14,284 219,748 SH   SOLE   219,748 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 10,238 218,292 SH   SOLE   218,292 0 0
QCR HOLDINGS INC COM 74727A104 9,615 214,386 SH   SOLE   214,386 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 13,380 208,418 SH   SOLE   208,418 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 8,544 192,004 SH   SOLE   192,004 0 0
NATIONAL BK HLDGS CORP CL A 633707104 6,142 184,712 SH   SOLE   184,712 0 0
OCEANFIRST FINL CORP COM 675234108 4,240 158,488 SH   SOLE   158,488 0 0
EAGLE BANCORP INC MD COM 268948106 7,402 123,681 SH   SOLE   123,681 0 0
PEOPLES BANCORP INC COM 709789101 4,140 116,795 SH   SOLE   116,795 0 0
HERITAGE FINL CORP WASH COM 42722X106 3,018 98,627 SH   SOLE   98,627 0 0
BANKWELL FINL GROUP INC COM 06654A103 2,376 73,602 SH   SOLE   73,602 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 2,385 71,438 SH   SOLE   71,438 0 0
COMERICA INC COM 200340107 5,368 55,955 SH   SOLE   55,955 0 0
BANK COMM HLDGS COM 06424J103 623 53,500 SH   SOLE   53,500 0 0
1st Constitution Bancorp COM 31986N102 693 31,858 SH   SOLE   31,858 0 0