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 5,526 158,100 SH   SOLE   158,100 0 0
ANCHOR BANCORP WA COM 032838104 5,307 208,100 SH   SOLE   208,100 0 0
BANCORP INC DEL COM 05969A105 3,542 551,691 SH   SOLE   551,691 0 0
BANK AMER CORP COM 060505104 6,093 389,300 SH   SOLE   389,300 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 1,833 150,900 SH   SOLE   150,900 0 0
BNC BANCORP COM 05566T101 3,825 157,258 SH   SOLE   157,258 0 0
BOFI HLDG INC COM 05566U108 17,572 784,484 SH   SOLE   784,484 0 0
BSB BANCORP INC MD COM 05573H108 5,497 234,606 SH   SOLE   234,606 0 0
CAROLINA FINL CORP NEW COM 143873107 4,052 181,400 SH   SOLE   181,400 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 11,951 635,710 SH   SOLE   635,710 0 0
CITIGROUP INC COM NEW 172967424 6,050 128,100 SH   SOLE   128,100 0 0
CITIZENS FINL GROUP INC COM 174610105 10,860 439,500 SH   SOLE   439,500 0 0
COMMUNITY BANKERS TR CORP COM 203612106 4,464 823,806 SH   SOLE   823,806 0 0
COMMUNITY WEST BANCSHARES COM 204157101 3,926 478,835 SH   SOLE   478,835 0 0
CU BANCORP CALIF COM 126534106 7,138 312,954 SH   SOLE   312,954 0 0
EAST WEST BANCORP INC COM 27579R104 1,142 31,109 SH   SOLE   31,109 0 0
1ST SOURCE CORP COM 336901103 1,799 50,400 SH   SOLE   50,400 0 0
FIFTH THIRD BANCORP COM 316773100 7,204 352,100 SH   SOLE   352,100 0 0
FIRST BANCORP N C COM 318910106 10,513 531,225 SH   SOLE   531,225 0 0
FIRST BANCORP P R COM NEW 318672706 9,355 1,799,018 SH   SOLE   1,799,018 0 0
FIRST BANCSHARES INC MS COM 318916103 4,524 236,841 SH   SOLE   236,841 0 0
FIRST FINL BANCORP OH COM 320209109 2,118 96,986 SH   SOLE   96,986 0 0
FIRST FNDTN INC COM 32026V104 4,431 179,600 SH   SOLE   179,600 0 0
FIRST INTERNET BANCORP COM 320557101 9,961 431,400 SH   SOLE   431,400 0 0
FIRST NBC BK HLDG CO COM 32115D106 3,500 370,726 SH   SOLE   370,726 0 0
GREAT WESTN BANCORP INC COM 391416104 6,777 203,400 SH   SOLE   203,400 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 5,487 307,417 SH   SOLE   307,417 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 2,578 159,600 SH   SOLE   159,600 0 0
HANMI FINL CORP COM NEW 410495204 6,727 255,384 SH   SOLE   255,384 0 0
HERITAGE COMMERCE CORP COM 426927109 3,584 327,609 SH   SOLE   327,609 0 0
HERITAGE FINL CORP WASH COM 42722X106 8,328 463,956 SH   SOLE   463,956 0 0
HERITAGE OAKS BANCORP COM 42724R107 7,486 912,954 SH   SOLE   912,954 0 0
HOPE BANCORP INC COM 43940T109 5,380 309,706 SH   SOLE   309,706 0 0
HOWARD BANCORP INC COM 442496105 5,152 390,004 SH   SOLE   390,004 0 0
HUNTINGTON BANCSHARES INC COM 446150104 7,019 711,890 SH   SOLE   711,890 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 2,185 129,800 SH   SOLE   129,800 0 0
JPMORGAN CHASE & CO COM 46625H100 4,228 63,500 SH   SOLE   63,500 0 0
KINGSTONE COS INC COM 496719105 1,970 213,400 SH   SOLE   213,400 0 0
M & T BK CORP *W EXP 12/2018 55261F112 5,816 137,500 SH   SOLE   137,500 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 1,133 45,400 SH   SOLE   45,400 0 0
MBT FINL CORP COM 578877102 574 63,466 SH   SOLE   63,466 0 0
MERIDIAN BANCORP INC MD COM 58958U103 5,777 371,024 SH   SOLE   371,024 0 0
OLD NATL BANCORP IND COM 680033107 8,011 569,768 SH   SOLE   569,768 0 0
OLD POINT FINL CORP COM 680194107 3,036 146,957 SH   SOLE   146,957 0 0
OLD SECOND BANCORP INC ILL COM 680277100 4,398 529,200 SH   SOLE   529,200 0 0
OPUS BK IRVINE CALIF COM 684000102 5,061 143,100 SH   SOLE   143,100 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 4,095 555,678 SH   SOLE   555,678 0 0
PACIFIC PREMIER BANCORP COM 69478X105 5,241 198,073 SH   SOLE   198,073 0 0
PACWEST BANCORP DEL COM 695263103 5,862 136,600 SH   SOLE   136,600 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 3,001 55,495 SH   SOLE   55,495 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 17,985 503,071 SH   SOLE   503,071 0 0
PROVIDENT BANCORP INC COM 74383X109 1,163 74,530 SH   SOLE   74,530 0 0
QCR HOLDINGS INC COM 74727A104 13,924 438,700 SH   SOLE   438,700 0 0
REGIONS FINL CORP NEW COM 7591EP100 3,876 392,700 SH   SOLE   392,700 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 2,660 165,300 SH   SOLE   165,300 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 5,603 107,944 SH   SOLE   107,944 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 3,512 127,340 SH   SOLE   127,340 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 3,041 90,116 SH   SOLE   90,116 0 0
SVB FINL GROUP COM 78486Q101 13,751 124,400 SH   SOLE   124,400 0 0
SYNOVUS FINL CORP COM NEW 87161C501 5,994 184,271 SH   SOLE   184,271 0 0
TFS FINL CORP COM 87240R107 27,806 1,561,278 SH   SOLE   1,561,278 0 0
WESBANCO INC COM 950810101 3,431 104,362 SH   SOLE   104,362 0 0
WHEELER REAL ESTATE INVT TR PFD CNV SER D 963025606 1,530 60,000 SH   SOLE   60,000 0 0
WINTRUST FINL CORP COM 97650W108 11,100 199,740 SH   SOLE   199,740 0 0
YADKIN FINL CORP COM 984305102 12,729 484,162 SH   SOLE   484,162 0 0
ZIONS BANCORPORATION COM 989701107 12,065 388,934 SH   SOLE   388,934 0 0