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
ARBOR RLTY TR INC COM 038923108 274 33,000 SH   SOLE   33,000 0 0
ARES CAP CORP COM 04010L103 206 13,000 SH   SOLE   13,000 0 0
ATHENE HLDG LTD CL A G0684D107 225 4,000 SH   SOLE   4,000 0 0
ATLANTIC COAST FINL CORP COM 048426100 13,486 1,531,000 SH   SOLE   1,531,000 0 0
BANNER CORP COM NEW 06652V208 4,895 80,000 SH   SOLE   80,000 0 0
BAY BANCORP INC COM 07203T106 3,742 330,000 SH   SOLE   330,000 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 3,100 80,000 SH   SOLE   80,000 0 0
BGC PARTNERS INC CL A 05541T101 169 12,000 SH   SOLE   12,000 0 0
BROOKLINE BANCORP INC DEL COM 11373M107 1,986 128,000 SH   SOLE   128,000 0 0
BSB BANCORP INC MD COM 05573H108 12,630 422,000 SH   SOLE   422,000 0 0
BYLINE BANCORP INC COM 124411109 6,363 299,000 SH   SOLE   299,000 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 2,488 127,000 SH   SOLE   127,000 0 0
CHARTER FINL CORP MD COM 16122W108 2,660 144,000 SH   SOLE   144,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 2,878 206,000 SH   SOLE   206,000 0 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,146 51,000 SH   SOLE   51,000 0 0
COASTWAY BANCORP INC COM 190632109 2,364 119,000 SH   SOLE   119,000 0 0
COBIZ FINANCIAL INC COM 190897108 2,482 126,000 SH   SOLE   126,000 0 0
CODORUS VY BANCORP INC COM 192025104 4,215 137,000 SH   SOLE   137,000 0 0
COMMERCE UN BANCSHARES INC COM 200828101 2,584 111,000 SH   SOLE   111,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 5,532 225,000 SH   SOLE   225,000 0 0
EQUITY BANCSHARES INC COM CL A 29460X109 23,487 660,000 SH   SOLE   660,000 0 0
EVANS BANCORP INC COM NEW 29911Q208 6,382 148,000 SH   SOLE   148,000 0 0
FB FINL CORP COM 30257X104 10,373 275,000 SH   SOLE   275,000 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 250 3,000 SH   SOLE   3,000 0 0
FIRST BANCSHARES INC MS COM 318916103 6,470 215,000 SH   SOLE   215,000 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 18,924 1,423,000 SH   SOLE   1,423,000 0 0
FIRST CMNTY CORP S C COM 319835104 7,287 356,000 SH   SOLE   356,000 0 0
FIRST CONN BANCORP INC MD COM 319850103 20,090 751,000 SH   SOLE   751,000 0 0
FIRST HAWAIIAN INC COM 32051X108 2,074 68,000 SH   SOLE   68,000 0 0
FIRST INTERNET BANCORP COM 320557101 844 26,000 SH   SOLE   26,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 6,606 124,000 SH   SOLE   124,000 0 0
FS BANCORP INC COM 30263Y104 3,208 62,000 SH   SOLE   62,000 0 0
GREAT AJAX CORP COM 38983D300 237 17,000 SH   SOLE   17,000 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 23,234 836,000 SH   SOLE   836,000 0 0
GUARANTY BANCSHARES INC TEX COM 400764106 9,408 294,000 SH   SOLE   294,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 8,706 407,000 SH   SOLE   407,000 0 0
HANOVER INS GROUP INC COM 410867105 211 2,000 SH   SOLE   2,000 0 0
HERCULES CAPITAL INC COM 427096508 188 15,000 SH   SOLE   15,000 0 0
HOME BANCORP INC COM 43689E107 27,403 655,000 SH   SOLE   655,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,243 121,000 SH   SOLE   121,000 0 0
HOMESTREET INC COM 43785V102 1,361 50,000 SH   SOLE   50,000 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 5,331 489,000 SH   SOLE   489,000 0 0
HOPFED BANCORP INC COM 439734104 891 61,000 SH   SOLE   61,000 0 0
HOWARD BANCORP INC COM 442496105 1,704 82,000 SH   SOLE   82,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 11,035 487,000 SH   SOLE   487,000 0 0
INDEPENDENT BK GROUP INC COM 45384B106 302 5,000 SH   SOLE   5,000 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 216 3,000 SH   SOLE   3,000 0 0
INVESTAR HLDG CORP COM 46134L105 19,155 795,000 SH   SOLE   795,000 0 0
INVESTORS BANCORP INC NEW COM 46146L101 75,359 5,525,000 SH   SOLE   5,525,000 0 0
JACKSONVILLE BANCORP INC MD COM 46924R106 1,725 56,000 SH   SOLE   56,000 0 0
KEYCORP NEW COM 493267108 192 10,000 SH   SOLE   10,000 0 0
LADDER CAP CORP CL A 505743104 213 15,000 SH   SOLE   15,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 1,069 30,000 SH   SOLE   30,000 0 0
MALVERN BANCORP INC COM 561409103 17,349 649,000 SH   SOLE   649,000 0 0
MBT FINL CORP COM 578877102 825 75,000 SH   SOLE   75,000 0 0
MGIC INVT CORP WIS COM 552848103 211 17,000 SH   SOLE   17,000 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 15,343 484,000 SH   SOLE   484,000 0 0
MIDSOUTH BANCORP INC COM 598039105 9,828 816,000 SH   SOLE   816,000 0 0
MIDWESTONE FINL GROUP INC NE COM 598511103 3,149 93,000 SH   SOLE   93,000 0 0
MTGE INVT CORP COM 55378A105 263 14,000 SH   SOLE   14,000 0 0
MUTUALFIRST FINL INC COM 62845B104 10,679 278,000 SH   SOLE   278,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 22,519 631,000 SH   SOLE   631,000 0 0
NMI HLDGS INC CL A 629209305 6,200 500,000 SH   SOLE   500,000 0 0
OCEANFIRST FINL CORP COM 675234108 17,371 632,000 SH   SOLE   632,000 0 0
OLD LINE BANCSHARES INC COM 67984M100 18,455 659,000 SH   SOLE   659,000 0 0
OLD NATL BANCORP IND COM 680033107 22,662 1,238,000 SH   SOLE   1,238,000 0 0
OLD POINT FINL CORP COM 680194107 9,818 303,000 SH   SOLE   303,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 9,008 670,000 SH   SOLE   670,000 0 0
OM ASSET MGMT PLC SHS G67506108 219 15,000 SH   SOLE   15,000 0 0
OPUS BK IRVINE CALIF COM 684000102 6,909 288,000 SH   SOLE   288,000 0 0
OTTAWA BANCORP INC COM 689195105 1,353 97,000 SH   SOLE   97,000 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 226 25,000 SH   SOLE   25,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 27,314 724,000 SH   SOLE   724,000 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 39,939 597,000 SH   SOLE   597,000 0 0
POAGE BANKSHARES INC COM 730206109 288 16,000 SH   SOLE   16,000 0 0
PROVIDENT BANCORP INC COM 74383X109 1,084 47,000 SH   SOLE   47,000 0 0
RBB BANCORP COM 74930B105 10,788 471,000 SH   SOLE   471,000 0 0
REINSURANCE GROUP AMER INC COM NEW 759351604 240 2,000 SH   SOLE   2,000 0 0
RIVERVIEW BANCORP INC COM 769397100 7,212 859,000 SH   SOLE   859,000 0 0
ROYAL BANCSHARES PA INC CL A 780081105 8,214 1,842,000 SH   SOLE   1,842,000 0 0
SCHWAB CHARLES CORP NEW COM 808513105 218 5,000 SH   SOLE   5,000 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 15,166 635,000 SH   SOLE   635,000 0 0
SHORE BANCSHARES INC COM 825107105 13,867 833,000 SH   SOLE   833,000 0 0
SLM CORP COM 78442P106 216 19,000 SH   SOLE   19,000 0 0
SOUND FINL BANCORP INC COM 83607A100 2,519 74,000 SH   SOLE   74,000 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 1,080 30,000 SH   SOLE   30,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 24,799 680,000 SH   SOLE   680,000 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 224 6,000 SH   SOLE   6,000 0 0
STERLING BANCORP DEL COM 85917A100 1,233 50,000 SH   SOLE   50,000 0 0
SUN BANCORP INC COM NEW 86663B201 26,699 1,074,000 SH   SOLE   1,074,000 0 0
SUNSHINE BANCORP INC COM 86777J108 1,017 44,000 SH   SOLE   44,000 0 0
TWO HBRS INVT CORP COM 90187B101 235 23,000 SH   SOLE   23,000 0 0
UNION BANKSHARES CORP NEW COM 90539J109 530 15,000 SH   SOLE   15,000 0 0
UNITED BANKSHARES INC WEST V COM 909907107 237 6,000 SH   SOLE   6,000 0 0
UNITED CMNTY BANCORP IND COM 90984R101 1,804 93,000 SH   SOLE   93,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 18,294 1,906,000 SH   SOLE   1,906,000 0 0
UNITED SECURITY BANCSHARES C COM 911460103 431 45,000 SH   SOLE   45,000 0 0
UNIVEST CORP PA COM 915271100 18,964 593,000 SH   SOLE   593,000 0 0
VERITEX HLDGS INC COM 923451108 46,725 1,733,000 SH   SOLE   1,733,000 0 0
WCF BANCORP INC COM 92940L103 417 44,000 SH   SOLE   44,000 0 0
WESTBURY BANCORP INC COM 95727P106 6,262 314,000 SH   SOLE   314,000 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 3,576 328,000 SH   SOLE   328,000 0 0
XENITH BANKSHARES INC NEW COM NEW 984102202 1,830 56,000 SH   SOLE   56,000 0 0