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
FIRST CTZNS BANCSHARES INC CL A 31946M103 7,539 21,236 SH   SOLE   21,236 0 0
REGIONS FINL CORP COM 7591EP100 6,870 478,383 SH   SOLE   478,383 0 0
FIDELITY SOUTHERN CORP COM 316394105 6,489 274,141 SH   SOLE   274,141 0 0
ZIONS BANCORPORATION COM 989701107 6,241 145,000 SH   SOLE   145,000 0 0
PLUMAS BANCORP COM 729273102 6,050 352,747 SH   SOLE   352,747 0 0
QCR HOLDINGS INC COM 74727A104 6,045 139,561 SH   SOLE   139,561 0 0
COMERICA INC COM 200340107 5,926 87,000 SH   SOLE   87,000 0 0
HORIZON BANCORP IND COM 440407104 4,904 175,150 SH   SOLE   175,150 0 0
SOUTHERN MO BANCORP INC COM 843380106 4,846 136,970 SH   SOLE   136,970 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 4,663 135,553 SH   SOLE   135,553 0 0
BANKWELL FINL GROUP INC COM 06654A103 4,367 134,359 SH   SOLE   134,359 0 0
CAROLINA FINL CORP COM 143873107 4,218 136,977 SH   SOLE   136,977 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 3,613 117,009 SH   SOLE   117,009 0 0
CENTRAL VALLEY CMNTY BANCORP COM 155685100 3,370 168,835 SH   SOLE   168,835 0 0
FIRST CMNTY FINL PARTNERS IN COM 31985Q106 3,345 285,859 SH   SOLE   285,859 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 3,298 262,808 SH   SOLE   262,808 0 0
CITIZENS FIRST CORP COM 17462Q107 3,072 170,677 SH   SOLE   170,677 0 0
COMMUNITY WEST BANCSHARES COM 204157101 2,846 308,058 SH   SOLE   308,058 0 0
1ST CONSTITUTION BANCORP COM 31986N102 1,963 104,998 SH   SOLE   104,998 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 1,917 56,369 SH   SOLE   56,369 0 0
COMMUNITY FINL CORP MD COM 20368X101 1,866 64,347 SH   SOLE   64,347 0 0
PARAGON COML CORP COM 69911U403 1,619 37,025 SH   SOLE   37,025 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 1,361 26,829 SH   SOLE   26,829 0 0
HOWARD BANCORP INC COM 442496105 1,179 78,057 SH   SOLE   78,057 0 0
ROYAL BANCSHARES PA INC CL A 780081105 974 234,610 SH   SOLE   234,610 0 0
NORWOOD FINANCIAL CORP COM 669549107 719 21,707 SH   SOLE   21,707 0 0
ZIONS BANCORPORATION W 989701115 646 55,000 SH   SOLE   55,000 0 0
FIRST BANCSHARES INC MS COM 318916103 1,549 56,338 SH   SOLE   56,338 0 0