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 1,600 49,400 SH   SOLE   49,400 0 0
AMERIS BANCORP COM 03076K108 4,609 155,200 SH   SOLE   155,200 0 0
ANCHOR BANCORP WA COM 032838104 5,456 230,903 SH   SOLE   230,903 0 0
AVENUE FINL HLDGS INC COM 05358K102 2,969 151,100 SH   SOLE   151,100 0 0
BANK AMER CORP COM 060505104 5,069 382,000 SH   SOLE   382,000 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 1,838 150,000 SH   SOLE   150,000 0 0
BNC BANCORP COM 05566T101 2,595 114,258 SH   SOLE   114,258 0 0
BOFI HLDG INC COM 05566U108 11,968 675,800 SH   SOLE   675,800 0 0
BSB BANCORP INC MD COM 05573H108 5,214 230,206 SH   SOLE   230,206 0 0
CAROLINA FINL CORP NEW COM 143873107 3,325 178,000 SH   SOLE   178,000 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 10,844 623,210 SH   SOLE   623,210 0 0
CITIGROUP INC COM NEW 172967424 5,328 125,700 SH   SOLE   125,700 0 0
CITIZENS FINL GROUP INC COM 174610105 8,617 431,300 SH   SOLE   431,300 0 0
COMMUNITY BANKERS TR CORP COM 203612106 4,187 808,306 SH   SOLE   808,306 0 0
COMMUNITY WEST BANCSHARES COM 204157101 3,459 469,935 SH   SOLE   469,935 0 0
CU BANCORP CALIF COM 126534106 6,982 307,154 SH   SOLE   307,154 0 0
EAST WEST BANCORP INC COM 27579R104 988 28,909 SH   SOLE   28,909 0 0
FIFTH THIRD BANCORP COM 316773100 6,077 345,500 SH   SOLE   345,500 0 0
FIRST BANCORP N C COM 318910106 8,780 499,448 SH   SOLE   499,448 0 0
FIRST BANCORP P R COM NEW 318672706 7,008 1,765,318 SH   SOLE   1,765,318 0 0
FIRST BANCSHARES INC MS COM 318916103 4,014 232,441 SH   SOLE   232,441 0 0
FIRST FINL BANCORP OH COM 320209109 2,328 119,686 SH   SOLE   119,686 0 0
FIRST FNDTN INC COM 32026V104 3,788 176,200 SH   SOLE   176,200 0 0
FIRST INTERNET BANCORP COM 320557101 10,083 423,300 SH   SOLE   423,300 0 0
FIRST LONG IS CORP COM 320734106 1,898 66,213 SH   SOLE   66,213 0 0
FIRSTMERIT CORP COM 337915102 8,223 405,690 SH   SOLE   405,690 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 4,932 242,468 SH   SOLE   242,468 0 0
GREAT WESTN BANCORP INC COM 391416104 6,295 199,600 SH   SOLE   199,600 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 5,037 301,617 SH   SOLE   301,617 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 2,549 159,600 SH   SOLE   159,600 0 0
HANMI FINL CORP COM NEW 410495204 5,886 250,584 SH   SOLE   250,584 0 0
HERITAGE COMMERCE CORP COM 426927109 3,385 321,509 SH   SOLE   321,509 0 0
HERITAGE FINL CORP WASH COM 42722X106 5,013 285,156 SH   SOLE   285,156 0 0
HERITAGE OAKS BANCORP COM 42724R107 6,244 786,457 SH   SOLE   786,457 0 0
HOWARD BANCORP INC COM 442496105 5,040 387,704 SH   SOLE   387,704 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 784 54,028 SH   SOLE   54,028 0 0
JPMORGAN CHASE & CO COM 46625H100 3,871 62,300 SH   SOLE   62,300 0 0
KINGSTONE COS INC COM 496719105 1,853 209,400 SH   SOLE   209,400 0 0
M & T BK CORP *W EXP 12/23/201 55261F112 5,857 134,900 SH   SOLE   134,900 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 811 36,800 SH   SOLE   36,800 0 0
MBT FINL CORP COM 578877102 844 105,466 SH   SOLE   105,466 0 0
MERIDIAN BANCORP INC MD COM 58958U103 5,382 364,124 SH   SOLE   364,124 0 0
OLD NATL BANCORP IND COM 680033107 8,233 657,068 SH   SOLE   657,068 0 0
OLD POINT FINL CORP COM 680194107 2,765 144,157 SH   SOLE   144,157 0 0
OLD SECOND BANCORP INC ILL COM 680277100 3,547 519,300 SH   SOLE   519,300 0 0
OPUS BK IRVINE CALIF COM 684000102 3,336 98,700 SH   SOLE   98,700 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 3,871 545,278 SH   SOLE   545,278 0 0
PACIFIC PREMIER BANCORP COM 69478X105 5,135 213,973 SH   SOLE   213,973 0 0
PACWEST BANCORP DEL COM 695263103 5,331 134,000 SH   SOLE   134,000 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 12,135 420,271 SH   SOLE   420,271 0 0
PROVIDENT BANCORP INC COM 74383X109 1,128 73,130 SH   SOLE   73,130 0 0
QCR HOLDINGS INC COM 74727A104 11,705 430,500 SH   SOLE   430,500 0 0
REGIONS FINL CORP NEW COM 7591EP100 3,280 385,400 SH   SOLE   385,400 0 0
RENASANT CORP COM 75970E107 876 27,100 SH   SOLE   27,100 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 2,634 162,200 SH   SOLE   162,200 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 5,233 105,944 SH   SOLE   105,944 0 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 462 10,000 SH   SOLE   10,000 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 3,011 124,940 SH   SOLE   124,940 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,853 88,416 SH   SOLE   88,416 0 0
SVB FINL GROUP COM 78486Q101 11,619 122,100 SH   SOLE   122,100 0 0
SYNOVUS FINL CORP COM NEW 87161C501 5,243 180,871 SH   SOLE   180,871 0 0
TFS FINL CORP COM 87240R107 26,382 1,532,078 SH   SOLE   1,532,078 0 0
WELLS FARGO & CO NEW COM 949746101 3,739 79,000 SH   SOLE   79,000 0 0
WILSHIRE BANCORP INC COM 97186T108 4,495 431,400 SH   SOLE   431,400 0 0
WINTRUST FINL CORP COM 97650W108 9,998 196,040 SH   SOLE   196,040 0 0
YADKIN FINL CORP COM 984305102 9,460 377,062 SH   SOLE   377,062 0 0
YOUR CMNTY BANKSHARES INC COM 98779U106 3,949 106,261 SH   SOLE   106,261 0 0
ZIONS BANCORPORATION COM 989701107 7,677 305,500 SH   SOLE   305,500 0 0