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 9,794 331,000 SH   SOLE   331,000 0 0
ANCHOR BANCORP WIS INC DEL COM 03283P106 38,367 851,000 SH   SOLE   851,000 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 349 25,000 SH   SOLE   25,000 0 0
ATLANTIC COAST FINL CORP COM 048426100 9,164 1,517,000 SH   SOLE   1,517,000 0 0
BANK MUTUAL CORP NEW COM 063750103 2,534 335,000 SH   SOLE   335,000 0 0
BENEFICIAL BANCORP INC COM 08171T102 2,173 159,000 SH   SOLE   159,000 0 0
BNC BANCORP COM 05566T101 21,783 1,031,000 SH   SOLE   1,031,000 0 0
BRIDGE BANCORP INC COM 108035106 16,661 547,000 SH   SOLE   547,000 0 0
BSB BANCORP INC MD COM 05573H108 2,685 119,000 SH   SOLE   119,000 0 0
CARDINAL FINL CORP COM 14149F109 9,017 443,000 SH   SOLE   443,000 0 0
CAROLINA BK HLDGS INC GREENS COM 143785103 3,464 206,000 SH   SOLE   206,000 0 0
CASCADE BANCORP COM NEW 147154207 345 60,000 SH   SOLE   60,000 0 0
CB FINL SVCS INC COM 12479G101 1,660 84,000 SH   SOLE   84,000 0 0
CENTERSTATE BANKS INC COM 15201P109 947 64,000 SH   SOLE   64,000 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 11,082 637,000 SH   SOLE   637,000 0 0
CHARTER FINL CORP MD COM 16122W108 3,784 280,000 SH   SOLE   280,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 2,311 258,000 SH   SOLE   258,000 0 0
COASTWAY BANCORP INC COM 190632109 876 70,000 SH   SOLE   70,000 0 0
CODORUS VY BANCORP INC COM 192025104 2,664 132,000 SH   SOLE   132,000 0 0
COMMERCE UN BANCSHARES INC COM 200828101 651 40,000 SH   SOLE   40,000 0 0
COMMUNITY FINL CORP MD COM 20368X101 2,302 109,000 SH   SOLE   109,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 3,892 238,000 SH   SOLE   238,000 0 0
EASTERN VA BANKSHARES INC COM 277196101 3,086 461,000 SH   SOLE   461,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 1,575 75,000 SH   SOLE   75,000 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 761 47,000 SH   SOLE   47,000 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 1,883 271,000 SH   SOLE   271,000 0 0
FIRST CMNTY CORP S C COM 319835104 4,673 324,000 SH   SOLE   324,000 0 0
FIRST FNDTN INC COM 32026V104 2,916 130,000 SH   SOLE   130,000 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,488 119,000 SH   SOLE   119,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 4,089 124,000 SH   SOLE   124,000 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 8,819 456,000 SH   SOLE   456,000 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 7,415 275,000 SH   SOLE   275,000 0 0
FS BANCORP INC COM 30263Y104 1,663 66,000 SH   SOLE   66,000 0 0
GEORGETOWN BANCORP INC MD COM 372591107 1,690 85,000 SH   SOLE   85,000 0 0
GREAT WESTN BANCORP INC COM 391416104 1,364 50,000 SH   SOLE   50,000 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 2,002 129,000 SH   SOLE   129,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 4,577 306,000 SH   SOLE   306,000 0 0
HERITAGE OAKS BANCORP COM 42724R107 364 47,000 SH   SOLE   47,000 0 0
HF FINL CORP COM 404172108 2,522 140,000 SH   SOLE   140,000 0 0
HOME BANCORP INC COM 43689E107 17,299 645,000 SH   SOLE   645,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 2,691 121,000 SH   SOLE   121,000 0 0
HOMETRUST BANCSHARES INC COM 437872104 7,277 397,000 SH   SOLE   397,000 0 0
HOPFED BANCORP INC COM 439734104 704 61,000 SH   SOLE   61,000 0 0
HOWARD BANCORP INC COM 442496105 379 32,000 SH   SOLE   32,000 0 0
IBERIABANK CORP COM 450828108 11,621 227,000 SH   SOLE   227,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 6,060 416,000 SH   SOLE   416,000 0 0
INVESTAR HLDG CORP COM 46134L105 6,848 467,000 SH   SOLE   467,000 0 0
INVESTORS BANCORP INC NEW COM 46146L101 69,958 6,010,000 SH   SOLE   6,010,000 0 0
JACKSONVILLE BANCORP INC MD COM 46924R106 204 8,000 SH   SOLE   8,000 0 0
LAKELAND BANCORP INC COM 511637100 968 95,000 SH   SOLE   95,000 0 0
LAPORTE BANCORP INC MD COM 516651106 977 62,000 SH   SOLE   62,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 844 40,000 SH   SOLE   40,000 0 0
MALVERN BANCORP INC COM 561409103 4,858 303,000 SH   SOLE   303,000 0 0
MBT FINL CORP COM 578877102 1,546 192,000 SH   SOLE   192,000 0 0
MUTUALFIRST FINL INC COM 62845B104 6,481 257,000 SH   SOLE   257,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 13,139 644,000 SH   SOLE   644,000 0 0
NATIONAL GEN HLDGS CORP COM 636220303 9,784 453,000 SH   SOLE   453,000 0 0
NMI HLDGS INC CL A 629209305 2,850 564,000 SH   SOLE   564,000 0 0
OCEANFIRST FINL CORP COM 675234108 1,334 75,000 SH   SOLE   75,000 0 0
OLD LINE BANCSHARES INC COM 67984M100 10,599 588,000 SH   SOLE   588,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 1,076 150,000 SH   SOLE   150,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 15,624 731,000 SH   SOLE   731,000 0 0
PARK STERLING CORP COM 70086Y105 2,605 391,000 SH   SOLE   391,000 0 0
PEOPLES UTAH BANCORP COM 712706209 1,187 75,000 SH   SOLE   75,000 0 0
POAGE BANKSHARES INC COM 730206109 264 16,000 SH   SOLE   16,000 0 0
PROVIDENT BANCORP INC COM 74383X109 794 60,000 SH   SOLE   60,000 0 0
QCR HOLDINGS INC COM 74727A104 3,400 143,000 SH   SOLE   143,000 0 0
ROYAL BANCSHARES PA INC CL A 780081105 2,342 1,100,000 SH   SOLE   1,100,000 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 10,892 690,000 SH   SOLE   690,000 0 0
SHORE BANCSHARES INC COM 825107105 7,420 619,000 SH   SOLE   619,000 0 0
SI FINL GROUP INC MD COM 78425V104 2,906 209,000 SH   SOLE   209,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 6,974 290,000 SH   SOLE   290,000 0 0
STATE NATL COS INC COM 85711T305 6,490 515,000 SH   SOLE   515,000 0 0
SUN BANCORP INC COM NEW 86663B201 22,317 1,078,000 SH   SOLE   1,078,000 0 0
UNITED CMNTY BANCORP IND COM 90984R101 273 20,000 SH   SOLE   20,000 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 736 40,000 SH   SOLE   40,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 8,244 1,404,000 SH   SOLE   1,404,000 0 0
UNITED FINL BANCORP INC NEW COM 910304104 753 60,000 SH   SOLE   60,000 0 0
UNIVEST CORP PA COM 915271100 1,059 54,000 SH   SOLE   54,000 0 0
VERITEX HLDGS INC COM 923451108 8,045 554,000 SH   SOLE   554,000 0 0
WELLESLEY BANCORP INC COM 949485106 1,292 67,000 SH   SOLE   67,000 0 0
WESTBURY BANCORP INC COM 95727P106 6,513 343,000 SH   SOLE   343,000 0 0
YADKIN FINL CORP COM 984305102 15,105 638,000 SH   SOLE   638,000 0 0
YOUR CMNTY BANKSHARES INC COM 98779U106 6,844 219,000 SH   SOLE   219,000 0 0
ZIONS BANCORPORATION COM 989701107 1,295 54,000 SH   SOLE   54,000 0 0