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 SOURCE CORP COM 336901103 1,586 49,800 SH   SOLE   49,800 0 0
AMERIS BANCORP COM 03076K108 5,369 181,500 SH   SOLE   181,500 0 0
ANCHOR BANCORP WA COM 032838104 5,649 232,703 SH   SOLE   232,703 0 0
ANCHOR BANCORP WIS INC DEL COM 03283P106 15,567 345,475 SH   SOLE   345,475 0 0
AVENUE FINL HLDGS INC COM 05358K102 2,950 152,300 SH   SOLE   152,300 0 0
BANCORPSOUTH INC COM 059692103 217 10,200 SH   SOLE   10,200 0 0
BANK AMER CORP COM 060505104 6,227 460,600 SH   SOLE   460,600 0 0
BANK OF MARIN BANCORP COM 063425102 1,304 26,497 SH   SOLE   26,497 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 1,757 150,000 SH   SOLE   150,000 0 0
BNC BANCORP COM 05566T101 3,708 175,572 SH   SOLE   175,572 0 0
BOFI HLDG INC COM 05566U108 14,537 681,200 SH   SOLE   681,200 0 0
BOSTON PRIVATE FINL HLDGS IN COM 101119105 1,240 108,300 SH   SOLE   108,300 0 0
BSB BANCORP INC MD COM 05573H108 5,213 232,006 SH   SOLE   232,006 0 0
CAROLINA FINL CORP NEW COM 143873107 3,330 179,400 SH   SOLE   179,400 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 10,929 628,110 SH   SOLE   628,110 0 0
CITIGROUP INC COM NEW 172967424 5,290 126,700 SH   SOLE   126,700 0 0
CITIZENS FINL GROUP INC COM 174610105 11,745 560,600 SH   SOLE   560,600 0 0
COMMERCE BANCSHARES INC COM 200525103 687 15,284 SH   SOLE   15,284 0 0
COMMUNITY BANKERS TR CORP COM 203612106 4,061 812,296 SH   SOLE   812,296 0 0
COMMUNITY WEST BANCSHARES COM 204157101 3,221 473,635 SH   SOLE   473,635 0 0
CU BANCORP CALIF COM 126534106 5,940 280,587 SH   SOLE   280,587 0 0
EAST WEST BANCORP INC COM 27579R104 819 25,209 SH   SOLE   25,209 0 0
FIFTH THIRD BANCORP COM 316773100 7,484 448,400 SH   SOLE   448,400 0 0
FIRST BANCORP N C COM 318910106 2,330 123,600 SH   SOLE   123,600 0 0
FIRST BANCORP P R COM NEW 318672706 5,781 1,979,718 SH   SOLE   1,979,718 0 0
FIRST BANCSHARES INC MS COM 318916103 3,661 234,241 SH   SOLE   234,241 0 0
FIRST FINL BANCORP OH COM 320209109 2,192 120,586 SH   SOLE   120,586 0 0
FIRST FNDTN INC COM 32026V104 3,984 177,600 SH   SOLE   177,600 0 0
FIRSTMERIT CORP COM 337915102 8,607 408,890 SH   SOLE   408,890 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 4,721 244,368 SH   SOLE   244,368 0 0
GREAT WESTN BANCORP INC COM 391416104 5,487 201,200 SH   SOLE   201,200 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 4,700 304,017 SH   SOLE   304,017 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 2,389 159,600 SH   SOLE   159,600 0 0
HANMI FINL CORP COM NEW 410495204 5,562 252,584 SH   SOLE   252,584 0 0
HERITAGE COMMERCE CORP COM 426927109 1,644 164,239 SH   SOLE   164,239 0 0
HERITAGE FINL CORP WASH COM 42722X106 5,051 287,456 SH   SOLE   287,456 0 0
HERITAGE OAKS BANCORP COM 42724R107 6,271 804,980 SH   SOLE   804,980 0 0
HOWARD BANCORP INC COM 442496105 4,664 387,704 SH   SOLE   387,704 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 2,035 139,867 SH   SOLE   139,867 0 0
JPMORGAN CHASE & CO COM 46625H100 3,719 62,800 SH   SOLE   62,800 0 0
KINGSTONE COS INC COM 496719105 1,744 211,100 SH   SOLE   211,100 0 0
M & T BK CORP *W EXP 12/23/201 55261F112 5,156 136,000 SH   SOLE   136,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 702 33,300 SH   SOLE   33,300 0 0
MBT FINL CORP COM 578877102 2,995 371,999 SH   SOLE   371,999 0 0
MERIDIAN BANCORP INC MD COM 58958U103 5,108 366,924 SH   SOLE   366,924 0 0
OLD LINE BANCSHARES INC COM 67984M100 2,903 160,990 SH   SOLE   160,990 0 0
OLD POINT FINL CORP COM 680194107 2,704 145,357 SH   SOLE   145,357 0 0
OLD SECOND BANCORP INC ILL COM 680277100 3,572 498,200 SH   SOLE   498,200 0 0
OPUS BK IRVINE CALIF COM 684000102 3,383 99,500 SH   SOLE   99,500 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 3,847 549,578 SH   SOLE   549,578 0 0
PACIFIC PREMIER BANCORP COM 69478X105 4,386 205,222 SH   SOLE   205,222 0 0
PACWEST BANCORP DEL COM 695263103 4,830 130,000 SH   SOLE   130,000 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 6,225 368,348 SH   SOLE   368,348 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 12,813 423,571 SH   SOLE   423,571 0 0
PROVIDENT BANCORP INC COM 74383X109 581 43,946 SH   SOLE   43,946 0 0
QCR HOLDINGS INC COM 74727A104 5,562 233,200 SH   SOLE   233,200 0 0
REGIONS FINL CORP NEW COM 7591EP100 3,049 388,400 SH   SOLE   388,400 0 0
RENASANT CORP COM 75970E107 898 27,300 SH   SOLE   27,300 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 2,582 163,500 SH   SOLE   163,500 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 4,739 106,744 SH   SOLE   106,744 0 0
SIMMONS 1ST NATL CORP CL A $1PAR 828730200 451 10,000 SH   SOLE   10,000 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 3,074 125,940 SH   SOLE   125,940 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,670 89,116 SH   SOLE   89,116 0 0
SVB FINL GROUP COM 78486Q101 11,021 108,000 SH   SOLE   108,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501 7,767 268,671 SH   SOLE   268,671 0 0
TFS FINL CORP COM 87240R107 26,822 1,544,178 SH   SOLE   1,544,178 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 1,512 257,500 SH   SOLE   257,500 0 0
WELLS FARGO & CO NEW COM 949746101 3,849 79,600 SH   SOLE   79,600 0 0
WILSHIRE BANCORP INC COM 97186T108 4,478 434,800 SH   SOLE   434,800 0 0
WINTRUST FINL CORP COM 97650W108 906 20,422 SH   SOLE   20,422 0 0
YADKIN FINL CORP COM 984305102 9,833 415,431 SH   SOLE   415,431 0 0
YOUR CMNTY BANKSHARES INC COM 98779U106 3,353 107,061 SH   SOLE   107,061 0 0
ZIONS BANCORPORATION COM 989701107 6,847 282,800 SH   SOLE   282,800 0 0