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 CENTURY BANCSHARES INC COM 31943X102 1,699 267,543 SH   SOLE   267,543 0 0
ACCESS NATL CORP COM 004337101 2,676 158,154 SH   SOLE   158,154 0 0
AMERICAN RIVER BANKSHARES COM 029326105 4,173 442,953 SH   SOLE   442,953 0 0
ANCHOR BANCORP WISCONSIN COM 03283P106 13,884 403,125 SH   SOLE   403,125 0 0
ANIXTER INTERNATIONAL INC COM 035290105 27,045 305,733 SH   SOLE   305,733 0 0
ASTORIA FINL CORP COM 046265104 15,688 1,174,223 SH   SOLE   1,174,223 0 0
ATLANTIC COAST FINL CORP COM 048426100 6,095 1,535,310 SH   SOLE   1,535,310 0 0
BANK MUTUAL CORP NEW COM 063750103 6,823 994,601 SH   SOLE   994,601 0 0
BANK OF AMERICA CORP COM 060505104 33,816 1,890,193 SH   SOLE   1,890,193 0 0
BANK OF MARIN BANCORP COM 063425102 9,359 177,966 SH   SOLE   177,966 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 6,488 159,912 SH   SOLE   159,912 0 0
BANKFINANCIAL ORP COM 06643P104 21,854 1,842,649 SH   SOLE   1,842,649 0 0
BEACON ROOFING SUPPLY INC COM 073685109 9,841 354,004 SH   SOLE   354,004 0 0
BELDEN INC COM 077454106 48,315 613,054 SH   SOLE   613,054 0 0
BLACKROCK INC COM 09247X101 1,023 2,860 SH   SOLE   2,860 0 0
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 419 59,865 SH   SOLE   59,865 0 0
BRIDGE BANCORP INC COM 108035106 23,587 881,745 SH   SOLE   881,745 0 0
BRIDGE CAP HLDGS COM 108030107 13,463 601,571 SH   SOLE   601,571 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 3,620 526,989 SH   SOLE   526,989 0 0
CAPITAL CITY BK GROUP INC COM 139674105 11,994 771,812 SH   SOLE   771,812 0 0
CARDINAL FINL CORP COM 14149F109 45,554 2,297,226 SH   SOLE   2,297,226 0 0
CARLISLE COS INC COM 142339100 30,489 337,866 SH   SOLE   337,866 0 0
CAROLINA BK HLDGS INC GREEN COM 143785103 2,631 272,514 SH   SOLE   272,514 0 0
CASCADE BANCORP COM NEW 147154207 5,029 968,982 SH   SOLE   968,982 0 0
CENTERSTATE BANKS INC COM 15201P109 50,061 4,203,240 SH   SOLE   4,203,240 0 0
CENTRAL PAC FINL CORP COM 154760409 18,862 877,296 SH   SOLE   877,296 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 6,919 624,443 SH   SOLE   624,443 0 0
CENTURY CMNTYS INC COM 156504300 3,234 187,171 SH   SOLE   187,171 0 0
CIT GROUP HLDGS INC COM 125581801 5,184 108,375 SH   SOLE   108,375 0 0
CIT GROUP INC COM NEW 172967424 11,000 203,298 SH   SOLE   203,298 0 0
CITY NATL CORP COM 178566105 44,766 553,972 SH   SOLE   553,972 0 0
COMERICA INC COM 200340107 4,214 89,972 SH   SOLE   89,972 0 0
COMMUNITY FINL CORP MD COM 20368X101 7,906 393,921 SH   SOLE   393,921 0 0
COMMUNITYONE BANCORP COM 20416Q108 229 19,973 SH   SOLE   19,973 0 0
COUSINS PPTYS INC COM 222795106 167 14,659 SH   SOLE   14,659 0 0
CU BANCORP CALIF COM 126534106 24,393 1,124,603 SH   SOLE   1,124,603 0 0
DANA HLDG CORP COM 235825205 5,376 247,295 SH   SOLE   247,295 0 0
DIAMOND OFFSHORE DRILLING INC COM 25271C102 309 8,417 SH   SOLE   8,417 0 0
DUKE REALTY CORP COM NEW 264411505 648 32,095 SH   SOLE   32,095 0 0
EAGLE BANCORP INC MD COM 268948106 1,777 50,027 SH   SOLE   50,027 0 0
EASTERN VA BANKSHARES INC COM 277196101 3,180 491,528 SH   SOLE   491,528 0 0
EMCOR GROUP INC COM 29084Q100 7,912 177,828 SH   SOLE   177,828 0 0
ENSCO PLC SHS CL A G3157S106 239 7,986 SH   SOLE   7,986 0 0
FARMERS CAP BK CORP COM 309562106 17,248 740,566 SH   SOLE   740,566 0 0
FCB FINL HLDGS INC CL A 30255G103 13,201 535,771 SH   SOLE   535,771 0 0
FELCOR LODGING TR INC COM 31430F101 748 69,095 SH   SOLE   69,095 0 0
FIDELITY NATIONAL FINANCIAL FNFV GROUP COM 31620R402 1,753 111,383 SH   SOLE   111,383 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 11,513 334,183 SH   SOLE   334,183 0 0
FIDELITY NATIONAL INFORMATION SVCS COM 31620M106 9,136 146,883 SH   SOLE   146,883 0 0
FIFTH THIRD BANCORP COM 316773100 2,545 124,899 SH   SOLE   124,899 0 0
FIRST AMERN FINL CORP COM 31847R102 29,386 866,845 SH   SOLE   866,845 0 0
FIRST BANCORP COM 318910106 20,769 1,124,460 SH   SOLE   1,124,460 0 0
FIRST BANCSHARES INC MS COM 318916103 5,583 384,793 SH   SOLE   384,793 0 0
FIRST CONN BANCORP INC MD COM 319850103 17,991 1,102,410 SH   SOLE   1,102,410 0 0
FIRST CTZNS BANCSHARES INC CL A 31946M103 3,799 15,028 SH   SOLE   15,028 0 0
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 432 21,003 SH   SOLE   21,003 0 0
FIRST INTERNET BANCORP COM 320557101 4,121 246,171 SH   SOLE   246,171 0 0
FIRST LONG IS CORP COM 320734106 24,588 866,695 SH   SOLE   866,695 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 25,077 2,974,751 SH   SOLE   2,974,751 0 0
FIRST SEC GROUP INC COM NEW 336312202 7,399 3,274,042 SH   SOLE   3,274,042 0 0
FIRST SOUTH BANCORP INC VA COM 33646W100 3,170 398,286 SH   SOLE   398,286 0 0
FULTON FINL CORP PA COM 360271100 16,183 1,309,323 SH   SOLE   1,309,323 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 1,414 94,899 SH   SOLE   94,899 0 0
GREENHILL & CO INC COM 395259104 23,335 535,212 SH   SOLE   535,212 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 10,871 752,842 SH   SOLE   752,842 0 0
HALLIBURTON CO COM 406216101 4,414 112,234 SH   SOLE   112,234 0 0
HAMPTON ROADS BANKSHARES INC COM NEW 409321502 14,002 8,334,761 SH   SOLE   8,334,761 0 0
HANCOCK HLDG CO COM 410120109 3,690 120,197 SH   SOLE   120,197 0 0
HARLEY-DAVIDSON INC COM 412822108 29,937 454,214 SH   SOLE   454,214 0 0
HEIDRICK & STRUGGLES INT'L INC COM 422819102 3,062 132,820 SH   SOLE   132,820 0 0
HERITAGE COMMERCE CORP COM 426927109 1,966 222,661 SH   SOLE   222,661 0 0
HERITAGE OAKS BANCORP COM 42724R107 20,316 2,421,451 SH   SOLE   2,421,451 0 0
HOMESTREET INC COM 43785V102 13,263 761,810 SH   SOLE   761,810 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 16,302 163,150 SH   SOLE   163,150 0 0
HUDSON VALLEY HLDG CORP COM 444172100 53,507 1,970,074 SH   SOLE   1,970,074 0 0
HUNTINGTON BANCSHARES COM 446150104 18,006 1,711,555 SH   SOLE   1,711,555 0 0
INDEPENDENT BANK CORP MASS COM 453838609 14,556 1,115,408 SH   SOLE   1,115,408 0 0
INSTALLED BLDG PRODS INC COM 45780R101 3,797 213,068 SH   SOLE   213,068 0 0
INTERNATIONAL BANCSHARES COR COM 459044103 19,481 734,016 SH   SOLE   734,016 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 616 13,780 SH   SOLE   13,780 0 0
JP MORGAN CHASE & CO COM 46625H100 45,872 733,012 SH   SOLE   733,012 0 0
KORN FERRY INTL COM 500643200 2,278 79,201 SH   SOLE   79,201 0 0
LAKELAND BANCORP INC COM 511637100 2,173 185,729 SH   SOLE   185,729 0 0
LEAR CORP COM 521865204 7,530 76,779 SH   SOLE   76,779 0 0
LINN ENERGY LLC COM 536020100 674 66,496 SH   SOLE   66,496 0 0
LINNCO LLC COM SHS LTD INT 535782106 573 55,291 SH   SOLE   55,291 0 0
LNB BANCORP INC COM 502100100 513 28,436 SH   SOLE   28,436 0 0
LYON WILLIAM HOMES CL A NEW 552074700 3,113 153,592 SH   SOLE   153,592 0 0
MACATAWA BK CORP COM 554225102 2,686 493,776 SH   SOLE   493,776 0 0
MASCO CORP COM 574599106 4,399 174,565 SH   SOLE   174,565 0 0
MB FINL INC NEW COM 55264U108 4,995 152,017 SH   SOLE   152,017 0 0
MBT FINL CORP COM 578877102 5,654 1,133,109 SH   SOLE   1,133,109 0 0
METLIFE INC COM 59156R108 4,340 80,239 SH   SOLE   80,239 0 0
METRO BANCORP INC PA COM 59161R101 36,438 1,405,806 SH   SOLE   1,405,806 0 0
MOHAWK INDS INC COM 608190104 30,093 193,700 SH   SOLE   193,700 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 1,172 73,265 SH   SOLE   73,265 0 0
NEWBRIDGE BANCORP CL A NO PAR 65080T102 29,305 3,364,506 SH   SOLE   3,364,506 0 0
NORCRAFT COS INC COM 65557Y105 2,431 125,937 SH   SOLE   125,937 0 0
NORWEGIAN CRUISE LINE HLDGS LTD SHS G66721104 4,075 87,150 SH   SOLE   87,150 0 0
OCEANFIRST FINL CORP COM 675234108 5,903 344,422 SH   SOLE   344,422 0 0
OLD LINE BANCSHARES INC COM 67984M100 4,072 257,377 SH   SOLE   257,377 0 0
OLD NATL BANCORP IND COM 680033107 4,581 307,895 SH   SOLE   307,895 0 0
OLD SECOND BANCORP INC ILL COM 680277100 7,672 1,428,604 SH   SOLE   1,428,604 0 0
ORRSTOWN FINL SVCS INC COM 687380105 8,830 519,383 SH   SOLE   519,383 0 0
OSHKOSH CORP COM 688239201 9,742 200,255 SH   SOLE   200,255 0 0
OWENS CORNING INC NEW COM 690742101 14,169 395,669 SH   SOLE   395,669 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 14,276 1,006,778 SH   SOLE   1,006,778 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 8,371 1,189,070 SH   SOLE   1,189,070 0 0
PACIFIC PREMIER BANCORP COM 69478X105 22,072 1,273,602 SH   SOLE   1,273,602 0 0
PACWEST BANCORP DEL COM 695263103 9,843 216,514 SH   SOLE   216,514 0 0
PEAPACK GLADSTONE FINL CORP COM 704699107 4,869 262,332 SH   SOLE   262,332 0 0
PENNYMAC FINL SVCS INC CL A 70932B101 15,737 909,637 SH   SOLE   909,637 0 0
PNC FINL SVCS GROUP INC COM 693475105 18,982 208,064 SH   SOLE   208,064 0 0
POPULAR INC COM NEW 733174700 1,816 53,325 SH   SOLE   53,325 0 0
PREFERRED BK/LOS ANGELES CA COM NEW 740367404 28,491 1,021,552 SH   SOLE   1,021,552 0 0
PREMIER FINL BANCORP INC COM 74050M105 62 3,995 SH   SOLE   3,995 0 0
PRIVATEBANCORP INC COM 742962103 3,655 109,421 SH   SOLE   109,421 0 0
PULASKI FINL CORP COM 745548107 8,539 692,524 SH   SOLE   692,524 0 0
REGIONAL MGMT CORP COM 75902K106 15,725 994,601 SH   SOLE   994,601 0 0
REGIONS FINL CORP NEW COM 7591EP100 35,672 3,378,067 SH   SOLE   3,378,067 0 0
REPUBLIC BANCORP KY CL A 760281204 4,467 180,709 SH   SOLE   180,709 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 5,661 1,509,649 SH   SOLE   1,509,649 0 0
RIVERVIEW BANCORP INC COM 769397100 5,400 1,205,408 SH   SOLE   1,205,408 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 1,244 53,362 SH   SOLE   53,362 0 0
RYDER SYS INC COM 783549108 6,876 74,051 SH   SOLE   74,051 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 21,872 1,590,703 SH   SOLE   1,590,703 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 505 20,427 SH Put SOLE   20,427 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,299 52,525 SH Put SOLE   52,525 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 18,107 549,525 SH   SOLE   549,525 0 0
SHORE BANCSHARES INC COM 825107105 1,839 196,910 SH   SOLE   196,910 0 0
SIERRA BANCORP COM 82620P102 22,142 1,260,955 SH   SOLE   1,260,955 0 0
SOUTH ST CORP COM 840441109 2,841 42,350 SH   SOLE   42,350 0 0
SOUTHERN FIRST BANCSHARES INC COM 842873101 3,046 178,940 SH   SOLE   178,940 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 106 517 SH Put SOLE   517 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 630 3,064 SH Put SOLE   3,064 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 96 465 SH Put SOLE   465 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 372 1,810 SH Put SOLE   1,810 0 0
SPRINGLEAF HLDGS INC COM 85172J101 1,228 33,938 SH   SOLE   33,938 0 0
SPX CORP COM 784635104 3,279 38,165 SH   SOLE   38,165 0 0
SQUARE 1 FINL INC COM 85223W101 54,668 2,213,275 SH   SOLE   2,213,275 0 0
STATE STR CORP COM 857477103 28,723 365,896 SH   SOLE   365,896 0 0
STEINER LEISURE LTD ORD P8744Y102 3,391 73,379 SH   SOLE   73,379 0 0
STERLING BANCORP DEL COM 85917A100 10,447 726,525 SH   SOLE   726,525 0 0
STEWART INFORMATION SVCS COM 860372101 9,866 266,366 SH   SOLE   266,366 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 2,821 184,122 SH   SOLE   184,122 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 8,201 276,887 SH   SOLE   276,887 0 0
STRATEGIC HOTELS & RESORTS I COM 86272T106 986 74,501 SH   SOLE   74,501 0 0
SUFFOLK BANCORP COM 864739107 26,222 1,154,649 SH   SOLE   1,154,649 0 0
SUNTRUST BKS COM 867914103 1,663 39,695 SH   SOLE   39,695 0 0
SVB FINANCIAL GROUP COM 78486Q101 5,737 49,431 SH   SOLE   49,431 0 0
SWIFT TRANSN CO CL A 87074U101 1,412 49,321 SH   SOLE   49,321 0 0
SYNOVUS FINL CORP COM NEW 87161C501 145,984 5,388,853 SH   SOLE   5,388,853 0 0
TALMER BANCORP INC COM 87482X101 3,970 282,730 SH   SOLE   282,730 0 0
TCF FINL CORP COM 872275102 19,887 1,251,572 SH   SOLE   1,251,572 0 0
TENNECO INC COM 880349105 2,760 48,754 SH   SOLE   48,754 0 0
TEREX CORP NEW COM 880779103 4,334 155,437 SH   SOLE   155,437 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 21,791 401,090 SH   SOLE   401,090 0 0
TIMBERLAND BANCORP INC COM 887098101 2,081 196,294 SH   SOLE   196,294 0 0
TRICO BANCSHARES COM 896095106 13,772 557,575 SH   SOLE   557,575 0 0
TRIUMPH BANCORP INC COM 89679E300 12,004 885,892 SH   SOLE   885,892 0 0
TUTOR PERINI CORP COM 901109108 5,343 221,982 SH   SOLE   221,982 0 0
UNITED BANKSHARES INC west v COM 909907107 6,747 180,165 SH   SOLE   180,165 0 0
US BANCORP DEL COM NEW 902973304 51,785 1,152,064 SH   SOLE   1,152,064 0 0
VALLEY NATL BANCORP COM 919794107 3,168 326,306 SH   SOLE   326,306 0 0
VERITEX HLDGS INC COM 923451108 8,770 618,929 SH   SOLE   618,929 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 3,318 221,177 SH   SOLE   221,177 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 3,637 240,405 SH   SOLE   240,405 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 3,641 185,957 SH   SOLE   185,957 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 762 21,830 SH   SOLE   21,830 0 0
WELLS FARGO & CO NEW COM 949746101 66,659 1,215,959 SH   SOLE   1,215,959 0 0
WESCO INTERNATIONAL INC COM 95082P105 27,098 355,565 SH   SOLE   355,565 0 0
WILLIS GROUP HLDGS PUBLIC SHS G96666105 11,389 254,156 SH   SOLE   254,156 0 0
WINTRUST FINL CORP COM 97650W108 20,540 439,267 SH   SOLE   439,267 0 0
XENITH BANKSHARES INC COM 98410X105 2,421 378,267 SH   SOLE   378,267 0 0
YADKIN FINL CORP COM 984305102 8,704 442,959 SH   SOLE   442,959 0 0