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 4,375 199,300 SH   SOLE   199,300 0 0
ANCHOR BANCORP WA COM 032838104 5,003 243,003 SH   SOLE   243,003 0 0
BANCORPSOUTH INC COM 059692103 203 10,100 SH   SOLE   10,100 0 0
BANK AMER CORP COM 060505104 8,644 507,000 SH   SOLE   507,000 0 0
BANK OF MARIN BANCORP COM 063425102 2,999 65,358 SH   SOLE   65,358 0 0
BANNER CORP COM NEW 06652V208 2,623 68,177 SH   SOLE   68,177 0 0
BNC BANCORP COM 05566T101 4,682 299,000 SH   SOLE   299,000 0 0
BRIDGE BANCORP INC COM 108035106 2,363 99,900 SH   SOLE   99,900 0 0
BSB BANCORP INC MD COM 05573H108 4,257 231,106 SH   SOLE   231,106 0 0
CAPITAL ONE FINL CORP COM 14040H105 6,619 81,100 SH   SOLE   81,100 0 0
CHEMICAL FINL CORP COM 163731102 3,488 129,700 SH   SOLE   129,700 0 0
CITIGROUP INC COM NEW 172967424 6,540 126,200 SH   SOLE   126,200 0 0
COMMERCE BANCSHARES INC COM 200525103 615 13,770 SH   SOLE   13,770 0 0
COMMUNITY BANKERS TR CORP COM 203612106 3,440 787,200 SH   SOLE   787,200 0 0
COMMUNITY WEST BANCSHARES COM 204157101 2,853 471,635 SH   SOLE   471,635 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 5,163 270,999 SH   SOLE   270,999 0 0
CU BANCORP CALIF COM 126534106 1,693 90,039 SH   SOLE   90,039 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 1,754 104,900 SH   SOLE   104,900 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 2,603 190,029 SH   SOLE   190,029 0 0
FIFTH THIRD BANCORP COM 316773100 9,834 491,200 SH   SOLE   491,200 0 0
FIRST BANCORP P R COM NEW 318672706 4,826 1,016,000 SH   SOLE   1,016,000 0 0
FIRST BANCSHARES INC MS COM 318916103 2,924 202,341 SH   SOLE   202,341 0 0
FIRST FINL BANCORP OH COM 320209109 1,901 120,086 SH   SOLE   120,086 0 0
FIRST INTERNET BANCORP COM 320557101 438 27,200 SH   SOLE   27,200 0 0
FIRST NBC BK HLDG CO COM 32115D106 5,209 159,061 SH   SOLE   159,061 0 0
FIRST SEC GROUP INC COM NEW 336312202 1,875 947,200 SH   SOLE   947,200 0 0
FIRSTMERIT CORP COM 337915102 6,306 358,290 SH   SOLE   358,290 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 3,922 240,468 SH   SOLE   240,468 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 1,940 159,000 SH   SOLE   159,000 0 0
HANMI FINL CORP COM NEW 410495204 5,072 251,603 SH   SOLE   251,603 0 0
HERITAGE FINL CORP WASH COM 42722X106 4,534 286,256 SH   SOLE   286,256 0 0
HERITAGE OAKS BANCORP COM 42724R107 3,183 454,680 SH   SOLE   454,680 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 5,701 478,237 SH   SOLE   478,237 0 0
JPMORGAN CHASE & CO COM 46625H100 3,765 62,500 SH   SOLE   62,500 0 0
KINGSTONE COS INC COM 496719105 2,516 311,000 SH   SOLE   311,000 0 0
MERCANTILE BANK CORP COM 587376104 4,707 247,074 SH   SOLE   247,074 0 0
MERIDIAN BANCORP INC MD COM 58958U103 3,859 365,424 SH   SOLE   365,424 0 0
OLD POINT FINL CORP COM 680194107 2,135 144,757 SH   SOLE   144,757 0 0
OLD SECOND BANCORP INC ILL COM 680277100 2,432 505,700 SH   SOLE   505,700 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 1,566 121,900 SH   SOLE   121,900 0 0
PACIFIC PREMIER BANCORP COM 69478X105 2,095 149,100 SH   SOLE   149,100 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 4,591 262,348 SH   SOLE   262,348 0 0
PEOPLES BANCORP INC COM 709789101 2,731 115,000 SH   SOLE   115,000 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 10,070 447,148 SH   SOLE   447,148 0 0
REGIONS FINL CORP NEW COM 7591EP100 4,878 485,900 SH   SOLE   485,900 0 0
RENASANT CORP COM 75970E107 736 27,200 SH   SOLE   27,200 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 6,296 218,600 SH   SOLE   218,600 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 7,261 64,800 SH   SOLE   64,800 0 0
SIMMONS 1ST NATL CORP CL A$1PAR 828730200 381 9,900 SH   SOLE   9,900 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 3,637 221,752 SH   SOLE   221,752 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 2,284 88,716 SH   SOLE   88,716 0 0
SVB FINL GROUP COM 78486Q101 2,455 21,900 SH   SOLE   21,900 0 0
SYNOVUS FINL CORP COM NEW 87161C501 11,257 476,171 SH   SOLE   476,171 0 0
TFS FINL CORP COM 87240R107 30,603 2,137,078 SH   SOLE   2,137,078 0 0
WELLS FARGO & CO NEW COM 949746101 5,643 108,800 SH   SOLE   108,800 0 0
WILSHIRE BANCORP INC COM 97186T108 3,997 433,000 SH   SOLE   433,000 0 0
WINTRUST FINL CORP COM 97650W108 908 20,322 SH   SOLE   20,322 0 0
M & T BK CORP *W EXP 12/23/201 55261F112 6,787 135,600 SH   SOLE   135,600 0 0
YADKIN FINL CORP COM 984305102 10,717 590,131 SH   SOLE   590,131 0 0
EAST WEST BANCORP INC COM 27579R104 878 25,809 SH   SOLE   25,809 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 514 29,800 SH   SOLE   29,800 0 0