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
AIR LEASE CORP CL A 00912X302 285 7,600 SH   SOLE   7,600 0 0
ARBOR RLTY TR INC COM 038923108 202 24,200 SH   SOLE   24,200 0 0
ARES CAP CORP COM 04010L103 206 12,600 SH   SOLE   12,600 0 0
ATHENE HLDG LTD CL A G0684D107 245 4,900 SH   SOLE   4,900 0 0
ATLANTIC COAST FINL CORP COM 048426100 12,001 1,530,800 SH   SOLE   1,530,800 0 0
BANK MUTUAL CORP NEW COM 063750103 4,763 520,600 SH   SOLE   520,600 0 0
BANNER CORP COM NEW 06652V208 5,304 93,900 SH   SOLE   93,900 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 3,057 87,000 SH   SOLE   87,000 0 0
BGC PARTNERS INC CL A 05541T101 235 18,600 SH   SOLE   18,600 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 1,725 118,100 SH   SOLE   118,100 0 0
BSB BANCORP INC MD COM 05573H108 11,912 407,300 SH   SOLE   407,300 0 0
BYLINE BANCORP INC COM 124411109 6,015 300,000 SH   SOLE   300,000 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 4,145 233,700 SH   SOLE   233,700 0 0
CHARTER FINL CORP MD COM 16122W108 2,683 149,000 SH   SOLE   149,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 2,849 206,300 SH   SOLE   206,300 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 900 43,100 SH   SOLE   43,100 0 0
COASTWAY BANCORP INC COM 190632109 1,891 92,300 SH   SOLE   92,300 0 0
CODORUS VY BANCORP INC COM 192025104 3,849 135,500 SH   SOLE   135,500 0 0
COMMERCE UN BANCSHARES INC COM 200828101 3,279 137,400 SH   SOLE   137,400 0 0
COMMUNITY FINL CORP MD COM 20368X101 3,550 92,200 SH   SOLE   92,200 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 6,059 268,700 SH   SOLE   268,700 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 236 6,200 SH   SOLE   6,200 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 17,029 555,800 SH   SOLE   555,800 0 0
EVANS BANCORP INC COM NEW 29911Q208 5,902 147,700 SH   SOLE   147,700 0 0
FB FINL CORP COM 30257X104 10,857 300,000 SH   SOLE   300,000 0 0
FIRST BANCSHARES INC MS COM 318916103 5,885 213,200 SH   SOLE   213,200 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 16,576 1,422,900 SH   SOLE   1,422,900 0 0
FIRST CMNTY CORP S C COM 319835104 7,862 374,400 SH   SOLE   374,400 0 0
FIRST CONN BANCORP INC MD COM 319850103 17,139 668,200 SH   SOLE   668,200 0 0
FIRST HAWAIIAN INC COM 32051X108 2,096 68,500 SH   SOLE   68,500 0 0
FIRST INTERNET BANCORP COM 320557101 888 31,700 SH   SOLE   31,700 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,933 85,700 SH   SOLE   85,700 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 6,529 123,700 SH   SOLE   123,700 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 6,421 155,700 SH   SOLE   155,700 0 0
FS BANCORP INC COM 30263Y104 2,523 55,800 SH   SOLE   55,800 0 0
GREAT AJAX CORP COM 38983D300 242 17,300 SH   SOLE   17,300 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 27,354 1,005,600 SH   SOLE   1,005,600 0 0
GUARANTY BANCSHARES INC TEX COM 400764106 8,125 254,300 SH   SOLE   254,300 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 8,230 406,800 SH   SOLE   406,800 0 0
HANMI FINL CORP COM NEW 410495204 246 8,600 SH   SOLE   8,600 0 0
HANOVER INS GROUP INC COM 410867105 245 2,800 SH   SOLE   2,800 0 0
HERCULES CAPITAL INC COM 427096508 187 14,100 SH   SOLE   14,100 0 0
HOME BANCORP INC COM 43689E107 28,088 660,600 SH   SOLE   660,600 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,274 121,500 SH   SOLE   121,500 0 0
HOMESTREET INC COM 43785V102 1,109 40,100 SH   SOLE   40,100 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 5,221 474,700 SH   SOLE   474,700 0 0
HOPFED BANCORP INC COM 439734104 881 61,400 SH   SOLE   61,400 0 0
HOWARD BANCORP INC COM 442496105 1,569 81,500 SH   SOLE   81,500 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 9,602 441,500 SH   SOLE   441,500 0 0
INVESTAR HLDG CORP COM 46134L105 18,202 794,800 SH   SOLE   794,800 0 0
INVESTORS BANCORP INC NEW COM 46146L101 76,197 5,703,400 SH   SOLE   5,703,400 0 0
JACKSONVILLE BANCORP INC MD COM 46924R106 1,409 45,500 SH   SOLE   45,500 0 0
JPMORGAN CHASE & CO COM 46625H100 228 2,500 SH   SOLE   2,500 0 0
LAKELAND BANCORP INC COM 511637100 1,398 74,200 SH   SOLE   74,200 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 999 29,800 SH   SOLE   29,800 0 0
MALVERN BANCORP INC COM 561409103 15,533 648,600 SH   SOLE   648,600 0 0
MBT FINL CORP COM 578877102 509 52,500 SH   SOLE   52,500 0 0
META FINL GROUP INC COM 59100U108 248 2,800 SH   SOLE   2,800 0 0
MGIC INVT CORP WIS COM 552848103 287 25,600 SH   SOLE   25,600 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 16,234 484,300 SH   SOLE   484,300 0 0
MIDSOUTH BANCORP INC COM 598039105 9,682 824,000 SH   SOLE   824,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 3,162 93,300 SH   SOLE   93,300 0 0
MUTUALFIRST FINL INC COM 62845B104 9,536 267,100 SH   SOLE   267,100 0 0
NATIONAL BK HLDGS CORP CL A 633707104 21,151 638,800 SH   SOLE   638,800 0 0
NATIONAL GEN HLDGS CORP COM 636220303 957 45,300 SH   SOLE   45,300 0 0
NMI HLDGS INC CL A 629209305 5,725 500,000 SH   SOLE   500,000 0 0
OCEANFIRST FINL CORP COM 675234108 17,481 644,600 SH   SOLE   644,600 0 0
OLD LINE BANCSHARES INC COM 67984M100 17,541 622,500 SH   SOLE   622,500 0 0
OLD NATL BANCORP IND COM 680033107 21,253 1,232,100 SH   SOLE   1,232,100 0 0
OLD POINT FINL CORP COM 680194107 10,072 306,300 SH   SOLE   306,300 0 0
OLD SECOND BANCORP INC ILL COM 680277100 8,210 710,800 SH   SOLE   710,800 0 0
OM ASSET MGMT PLC SHS G67506108 236 15,900 SH   SOLE   15,900 0 0
OPUS BK IRVINE CALIF COM 684000102 6,967 287,900 SH   SOLE   287,900 0 0
OTTAWA BANCORP INC COM 689195105 1,333 96,800 SH   SOLE   96,800 0 0
PACIFIC PREMIER BANCORP COM 69478X105 26,889 728,700 SH   SOLE   728,700 0 0
PARK STERLING CORP COM 70086Y105 3,108 261,600 SH   SOLE   261,600 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 37,963 604,500 SH   SOLE   604,500 0 0
POAGE BANKSHARES INC COM 730206109 303 15,900 SH   SOLE   15,900 0 0
PROVIDENT BANCORP INC COM 74383X109 1,054 46,800 SH   SOLE   46,800 0 0
REALOGY HLDGS CORP COM 75605Y106 200 6,200 SH   SOLE   6,200 0 0
RIVERVIEW BANCORP INC COM 769397100 3,988 600,700 SH   SOLE   600,700 0 0
ROYAL BANCSHARES PA INC CL A 780081105 8,128 1,921,500 SH   SOLE   1,921,500 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 14,696 609,800 SH   SOLE   609,800 0 0
SHORE BANCSHARES INC COM 825107105 16,746 1,018,000 SH   SOLE   1,018,000 0 0
SLM CORP COM 78442P106 188 16,300 SH   SOLE   16,300 0 0
SOUND FINL BANCORP INC COM 83607A100 2,259 74,100 SH   SOLE   74,100 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 1,100 29,700 SH   SOLE   29,700 0 0
SOUTHERN MO BANCORP INC COM 843380106 21,921 679,500 SH   SOLE   679,500 0 0
SOUTHERN NATL BANCORP OF VA COM 843395104 4,083 232,000 SH   SOLE   232,000 0 0
SUN BANCORP INC COM NEW 86663B201 26,963 1,093,800 SH   SOLE   1,093,800 0 0
SUNSHINE BANCORP INC COM 86777J108 226 10,600 SH   SOLE   10,600 0 0
TRI POINTE GROUP INC COM 87265H109 185 14,100 SH   SOLE   14,100 0 0
TRIANGLE CAP CORP COM 895848109 199 11,300 SH   SOLE   11,300 0 0
UNITED CMNTY BANCORP IND COM 90984R101 1,762 93,000 SH   SOLE   93,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 15,862 1,908,700 SH   SOLE   1,908,700 0 0
UNIVEST CORP PA COM 915271100 19,011 634,800 SH   SOLE   634,800 0 0
VERITEX HLDGS INC COM 923451108 38,737 1,471,200 SH   SOLE   1,471,200 0 0
WCF BANCORP INC COM 92940L103 461 43,700 SH   SOLE   43,700 0 0
WESTBURY BANCORP INC COM 95727P106 6,386 306,300 SH   SOLE   306,300 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 2,491 245,400 SH   SOLE   245,400 0 0