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
ALLEGIANCE BANCSHARES INC COM 01748H107 6,072 164,994 SH   SOLE   164,994 0 0
AMERIS BANCORP COM 03076K108 4,837 100,770 SH   SOLE   100,770 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 3,171 174,700 SH   SOLE   174,700 0 0
BANC OF CALIFORNIA INC COM 05990K106 6,202 298,900 SH   SOLE   298,900 0 0
BANK AMER CORP COM 060505104 9,705 383,000 SH   SOLE   383,000 0 0
BANK OF THE OZARKS COM 063904106 12,733 264,999 SH   SOLE   264,999 0 0
BANK OF THE ST JAMES FINL GP COM 470299108 2,100 144,800 SH   SOLE   144,800 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 5,573 143,828 SH   SOLE   143,828 0 0
BOFI HLDG INC COM 05566U108 15,966 560,802 SH   SOLE   560,802 0 0
CAROLINA FINL CORP NEW COM 143873107 7,320 204,009 SH   SOLE   204,009 0 0
CITIGROUP INC COM NEW 172967424 9,165 126,000 SH   SOLE   126,000 0 0
CITIZENS FINL GROUP INC COM 174610105 12,614 333,100 SH   SOLE   333,100 0 0
COMMERCE UN BANCSHARES INC COM 200828101 5,447 235,000 SH   SOLE   235,000 0 0
COMMUNITY BANKERS TR CORP COM 203612106 7,456 810,406 SH   SOLE   810,406 0 0
COMMUNITY WEST BANCSHARES COM 204157101 5,274 509,535 SH   SOLE   509,535 0 0
CU BANCORP CALIF COM 126534106 11,142 287,354 SH   SOLE   287,354 0 0
EAST WEST BANCORP INC COM 27579R104 2,123 35,509 SH   SOLE   35,509 0 0
FB FINL CORP COM 30257X104 6,601 175,000 SH   SOLE   175,000 0 0
FIFTH THIRD BANCORP COM 316773100 9,001 321,700 SH   SOLE   321,700 0 0
FIRST BANCORP N C COM 318910106 17,295 502,625 SH   SOLE   502,625 0 0
FIRST BANCORP P R COM NEW 318672706 9,384 1,832,873 SH   SOLE   1,832,873 0 0
FIRST BANCSHARES INC MS COM 318916103 13,709 454,693 SH   SOLE   454,693 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 6,755 507,900 SH   SOLE   507,900 0 0
FIRST FNDTN INC COM 32026V104 6,321 353,300 SH   SOLE   353,300 0 0
FIRST INTERNET BANCORP COM 320557101 22,558 698,400 SH   SOLE   698,400 0 0
FNB CORP PA COM 302520101 14,433 1,028,719 SH   SOLE   1,028,719 0 0
GREAT WESTN BANCORP INC COM 391416104 7,042 170,600 SH   SOLE   170,600 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 7,165 257,717 SH   SOLE   257,717 0 0
HANMI FINL CORP COM NEW 410495204 7,645 247,005 SH   SOLE   247,005 0 0
HERITAGE COMMERCE CORP COM 426927109 4,586 322,309 SH   SOLE   322,309 0 0
HERITAGE FINL CORP WASH COM 42722X106 12,580 426,456 SH   SOLE   426,456 0 0
HOWARD BANCORP INC COM 442496105 9,033 432,204 SH   SOLE   432,204 0 0
IBERIABANK CORP COM 450828108 11,025 134,200 SH   SOLE   134,200 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 2,892 127,700 SH   SOLE   127,700 0 0
INVESTAR HLDG CORP COM 46134L105 3,216 133,435 SH   SOLE   133,435 0 0
JPMORGAN CHASE & CO COM 46625H100 5,969 62,500 SH   SOLE   62,500 0 0
LAKELAND FINL CORP COM 511656100 219 4,500 SH   SOLE   4,500 0 0
LEGACY TEX FINL GROUP INC COM 52471Y106 7,533 188,700 SH   SOLE   188,700 0 0
LIVE OAK BANCSHARES INC COM 53803X105 5,709 243,464 SH   SOLE   243,464 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 2,123 59,200 SH   SOLE   59,200 0 0
MERIDIAN BANCORP INC MD COM 58958U103 6,808 365,024 SH   SOLE   365,024 0 0
MIDDLEFIELD BANC CORP COM NEW 596304204 3,279 71,125 SH   SOLE   71,125 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 455 14,349 SH   SOLE   14,349 0 0
OLD POINT FINL CORP COM 680194107 4,684 144,557 SH   SOLE   144,557 0 0
OLD SECOND BANCORP INC ILL COM 680277100 6,734 500,700 SH   SOLE   500,700 0 0
OPUS BK IRVINE CALIF COM 684000102 11,944 497,678 SH   SOLE   497,678 0 0
PACIFIC PREMIER BANCORP COM 69478X105 16,447 435,683 SH   SOLE   435,683 0 0
PACWEST BANCORP DEL COM 695263103 6,294 124,600 SH   SOLE   124,600 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 23,601 391,071 SH   SOLE   391,071 0 0
PROVIDENT BANCORP INC COM 74383X109 1,698 73,330 SH   SOLE   73,330 0 0
QCR HOLDINGS INC COM 74727A104 15,839 348,100 SH   SOLE   348,100 0 0
REGIONS FINL CORP NEW COM 7591EP100 5,885 386,400 SH   SOLE   386,400 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 5,939 248,600 SH   SOLE   248,600 0 0
SMARTFINANCIAL INC COM NEW 83190L208 5,018 208,574 SH   SOLE   208,574 0 0
SUSSEX BANCORP COM 869245100 3,634 153,348 SH   SOLE   153,348 0 0
SVB FINL GROUP COM 78486Q101 18,765 100,300 SH   SOLE   100,300 0 0
SYNOVUS FINL CORP COM NEW 87161C501 8,635 187,471 SH   SOLE   187,471 0 0
TFS FINL CORP COM 87240R107 21,635 1,341,278 SH   SOLE   1,341,278 0 0
TRIUMPH BANCORP INC COM 89679E300 3,051 94,600 SH   SOLE   94,600 0 0
VERITEX HLDGS INC COM 923451108 8,269 306,700 SH   SOLE   306,700 0 0
WINTRUST FINL CORP COM 97650W108 10,183 130,037 SH   SOLE   130,037 0 0
ZIONS BANCORPORATION COM 989701107 18,760 397,634 SH   SOLE   397,634 0 0