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
ALLEGIANCE BANCSHARES INC COM 01748H107 1,121 30,600 SH   SOLE   30,600 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 210 10,500 SH   SOLE   10,500 0 0
ARES CAP CORP COM 04010L103 333 21,000 SH   SOLE   21,000 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 210 6,300 SH   SOLE   6,300 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 286 6,400 SH   SOLE   6,400 0 0
ATLANTIC COAST FINL CORP COM 048426100 15,083 1,505,200 SH   SOLE   1,505,200 0 0
BANNER CORP COM NEW 06652V208 3,725 67,100 SH   SOLE   67,100 0 0
BAY BANCORP INC COM 07203T106 4,401 329,700 SH   SOLE   329,700 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 3,272 278,300 SH   SOLE   278,300 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 1,973 128,100 SH   SOLE   128,100 0 0
BRYN MAWR BK CORP COM 117665109 6,366 169,300 SH   SOLE   169,300 0 0
BSB BANCORP INC MD COM 05573H108 10,153 409,900 SH   SOLE   409,900 0 0
BYLINE BANCORP INC COM 124411109 5,631 284,700 SH   SOLE   284,700 0 0
CAPITAL ONE FINL CORP COM 14040H105 345 3,600 SH   SOLE   3,600 0 0
CBTX INC COM 12481V104 17,381 616,600 SH   SOLE   616,600 0 0
CENTERSTATE BK CORP COM 15201P109 5,591 222,000 SH   SOLE   222,000 0 0
CHARTER FINL CORP MD COM 16122W108 5,337 270,500 SH   SOLE   270,500 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 3,355 239,400 SH   SOLE   239,400 0 0
CITIZENS FINL GROUP INC COM 174610105 266 6,300 SH   SOLE   6,300 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 975 51,300 SH   SOLE   51,300 0 0
COASTWAY BANCORP INC COM 190632109 2,728 118,800 SH   SOLE   118,800 0 0
COBIZ FINANCIAL INC COM 190897108 1,714 94,600 SH   SOLE   94,600 0 0
CODORUS VY BANCORP INC COM 192025104 3,985 141,700 SH   SOLE   141,700 0 0
COMERICA INC COM 200340107 286 3,000 SH   SOLE   3,000 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 436 7,900 SH   SOLE   7,900 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 25,629 738,900 SH   SOLE   738,900 0 0
ESSENT GROUP LTD COM G3198U102 285 6,700 SH   SOLE   6,700 0 0
EVANS BANCORP INC COM NEW 29911Q208 10,408 256,000 SH   SOLE   256,000 0 0
FCB FINL HLDGS INC CL A 30255G103 7,777 152,200 SH   SOLE   152,200 0 0
FFBW INC COM 30258M107 274 25,000 SH   SOLE   25,000 0 0
FIRST BANCSHARES INC MS COM 318916103 8,636 302,400 SH   SOLE   302,400 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 18,409 1,422,900 SH   SOLE   1,422,900 0 0
FIRST CMNTY CORP S C COM 319835104 1,692 84,700 SH   SOLE   84,700 0 0
FIRST CONN BANCORP INC MD COM 319850103 18,242 787,300 SH   SOLE   787,300 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 8,598 123,700 SH   SOLE   123,700 0 0
FS BANCORP INC COM 30263Y104 3,023 56,500 SH   SOLE   56,500 0 0
GREAT AJAX CORP COM 38983D300 349 25,800 SH   SOLE   25,800 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 16,667 641,900 SH   SOLE   641,900 0 0
GUARANTY BANCSHARES INC TEX COM 400764106 1,326 45,400 SH   SOLE   45,400 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 9,271 411,300 SH   SOLE   411,300 0 0
HEALTH INS INNOVATIONS INC COM CL A 42225K106 279 9,600 SH   SOLE   9,600 0 0
HERITAGE FINL CORP WASH COM 42722X106 245 8,000 SH   SOLE   8,000 0 0
HILLTOP HOLDINGS INC COM 432748101 587 25,000 SH   SOLE   25,000 0 0
HOME BANCORP INC COM 43689E107 31,688 800,600 SH   SOLE   800,600 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,648 121,500 SH   SOLE   121,500 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 6,090 534,700 SH   SOLE   534,700 0 0
HOPFED BANCORP INC COM 439734104 894 61,400 SH   SOLE   61,400 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 9,302 457,000 SH   SOLE   457,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 9,495 134,300 SH   SOLE   134,300 0 0
INVESTAR HLDG CORP COM 46134L105 17,830 771,200 SH   SOLE   771,200 0 0
INVESTORS BANCORP INC NEW COM 46146L101 34,138 2,577,600 SH   SOLE   2,577,600 0 0
JACKSONVILLE BANCORP INC MD COM 46924R106 1,874 64,000 SH   SOLE   64,000 0 0
KEARNY FINL CORP MD COM 48716P108 2,844 223,100 SH   SOLE   223,100 0 0
LADDER CAP CORP CL A 505743104 207 13,700 SH   SOLE   13,700 0 0
LAZARD LTD SHS A G54050102 372 7,100 SH   SOLE   7,100 0 0
LENNAR CORP CL A 526057104 283 4,800 SH   SOLE   4,800 0 0
LPL FINL HLDGS INC COM 50212V100 230 3,800 SH   SOLE   3,800 0 0
LUTHER BURBANK CORP COM 550550107 4,862 454,000 SH   SOLE   454,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 1,350 33,200 SH   SOLE   33,200 0 0
MALVERN BANCORP INC COM 561409103 14,851 653,100 SH   SOLE   653,100 0 0
MBT FINL CORP COM 578877102 4,139 433,000 SH   SOLE   433,000 0 0
MERCHANTS BANCORP IND COM 58844R108 3,081 143,300 SH   SOLE   143,300 0 0
MERIDIAN BK PAOLI PA COM 58958P104 3,003 170,000 SH   SOLE   170,000 0 0
MGIC INVT CORP WIS COM 552848103 216 16,600 SH   SOLE   16,600 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 18,072 587,400 SH   SOLE   587,400 0 0
MIDSOUTH BANCORP INC COM 598039105 10,063 795,500 SH   SOLE   795,500 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 2,310 81,200 SH   SOLE   81,200 0 0
MUTUALFIRST FINL INC COM 62845B104 8,561 275,000 SH   SOLE   275,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 21,830 675,600 SH   SOLE   675,600 0 0
OCEANFIRST FINL CORP COM 675234108 44,864 1,783,100 SH   SOLE   1,783,100 0 0
OLD LINE BANCSHARES INC COM 67984M100 10,502 338,200 SH   SOLE   338,200 0 0
OLD NATL BANCORP IND COM 680033107 7,587 449,000 SH   SOLE   449,000 0 0
OLD POINT FINL CORP COM 680194107 6,580 303,800 SH   SOLE   303,800 0 0
OLD SECOND BANCORP INC ILL COM 680277100 6,875 522,000 SH   SOLE   522,000 0 0
ONEMAIN HLDGS INC COM 68268W103 284 9,500 SH   SOLE   9,500 0 0
OP BANCORP COM 67109R109 830 72,300 SH   SOLE   72,300 0 0
OPUS BK IRVINE CALIF COM 684000102 8,175 317,000 SH   SOLE   317,000 0 0
OTTAWA BANCORP INC COM 689195105 1,116 96,800 SH   SOLE   96,800 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 582 68,000 SH   SOLE   68,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 31,703 845,200 SH   SOLE   845,200 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 40,199 642,900 SH   SOLE   642,900 0 0
POAGE BANKSHARES INC COM 730206109 306 15,900 SH   SOLE   15,900 0 0
PROVIDENT BANCORP INC COM 74383X109 3,795 145,400 SH   SOLE   145,400 0 0
RBB BANCORP COM 74930B105 26,443 1,088,600 SH   SOLE   1,088,600 0 0
REDWOOD TR INC COM 758075402 198 12,800 SH   SOLE   12,800 0 0
RELIANT BANCORP INC COM 75956B101 2,011 101,100 SH   SOLE   101,100 0 0
RIVERVIEW BANCORP INC COM 769397100 8,019 932,100 SH   SOLE   932,100 0 0
SANTANDER CONSUMER USA HDG I COM 80283M101 164 10,000 SH   SOLE   10,000 0 0
SB FINL GROUP INC COM 78408D105 2,913 171,300 SH   SOLE   171,300 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 15,640 632,700 SH   SOLE   632,700 0 0
SHORE BANCSHARES INC COM 825107105 5,381 301,300 SH   SOLE   301,300 0 0
SOLAR CAP LTD COM 83413U100 229 11,300 SH   SOLE   11,300 0 0
SOUND FINL BANCORP INC COM 83607A100 3,059 98,100 SH   SOLE   98,100 0 0
SOUTHERN MO BANCORP INC COM 843380106 23,056 683,300 SH   SOLE   683,300 0 0
STERLING BANCORP DEL COM 85917A100 6,327 297,800 SH   SOLE   297,800 0 0
TPG SPECIALTY LENDING INC COM 87265K102 228 12,800 SH   SOLE   12,800 0 0
UNION BANKSHARES CORP NEW COM 90539J109 11,560 351,400 SH   SOLE   351,400 0 0
UNITED CMNTY BANCORP IND COM 90984R101 2,104 93,000 SH   SOLE   93,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 16,916 1,846,900 SH   SOLE   1,846,900 0 0
UNITED FINL BANCORP INC NEW COM 910304104 1,615 110,000 SH   SOLE   110,000 0 0
UNITED SECURITY BANCSHARES C COM 911460103 1,243 122,800 SH   SOLE   122,800 0 0
UNIVEST CORP PA COM 915271100 18,584 748,500 SH   SOLE   748,500 0 0
VERITEX HLDGS INC COM 923451108 61,123 2,395,300 SH   SOLE   2,395,300 0 0
VISA INC COM CL A 92826C839 217 1,800 SH   SOLE   1,800 0 0
VOYA FINL INC COM 929089100 238 4,700 SH   SOLE   4,700 0 0
WCF BANCORP INC COM 92940L103 352 43,700 SH   SOLE   43,700 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 2,804 304,000 SH   SOLE   304,000 0 0
ZIONS BANCORPORATION COM 989701107 267 5,100 SH   SOLE   5,100 0 0