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 9,405 249,794 SH   SOLE   249,794 0 0
AMERIS BANCORP COM 03076K108 4,843 100,470 SH   SOLE   100,470 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 5,706 324,200 SH   SOLE   324,200 0 0
BANC OF CALIFORNIA INC COM 05990K106 6,156 298,100 SH   SOLE   298,100 0 0
BANK AMER CORP COM 060505104 11,277 382,000 SH   SOLE   382,000 0 0
BANK OF THE OZARKS COM 063904106 12,805 264,299 SH   SOLE   264,299 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 5,253 143,528 SH   SOLE   143,528 0 0
BOFI HLDG INC COM 05566U108 16,726 559,402 SH   SOLE   559,402 0 0
CAMBRIDGE BANCORP COM 132152109 6,525 81,771 SH   SOLE   81,771 0 0
CAROLINA FINL CORP NEW COM 143873107 7,557 203,409 SH   SOLE   203,409 0 0
CITIGROUP INC COM NEW 172967424 9,353 125,700 SH   SOLE   125,700 0 0
CITIZENS FINL GROUP INC COM 174610105 13,946 332,200 SH   SOLE   332,200 0 0
COMMERCE UN BANCSHARES INC COM 200828101 6,025 235,000 SH   SOLE   235,000 0 0
COMMUNITY BANKERS TR CORP COM 203612106 6,588 808,306 SH   SOLE   808,306 0 0
COMMUNITY WEST BANCSHARES COM 204157101 5,413 508,235 SH   SOLE   508,235 0 0
EAST WEST BANCORP INC COM 27579R104 2,203 36,209 SH   SOLE   36,209 0 0
FB FINL CORP COM 30257X104 7,348 175,000 SH   SOLE   175,000 0 0
FIFTH THIRD BANCORP COM 316773100 9,736 320,900 SH   SOLE   320,900 0 0
FIRST BANCORP N C COM 318910106 11,931 337,879 SH   SOLE   337,879 0 0
FIRST BANCORP P R COM NEW 318672706 13,913 2,728,073 SH   SOLE   2,728,073 0 0
FIRST BANCSHARES INC MS COM 318916103 19,820 579,533 SH   SOLE   579,533 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 8,270 597,122 SH   SOLE   597,122 0 0
FIRST FNDTN INC COM 32026V104 6,533 352,400 SH   SOLE   352,400 0 0
FIRST INTERNET BANCORP COM 320557101 25,890 678,638 SH   SOLE   678,638 0 0
FNB CORP PA COM 302520101 14,181 1,026,119 SH   SOLE   1,026,119 0 0
GREAT WESTN BANCORP INC COM 391416104 6,774 170,200 SH   SOLE   170,200 0 0
GUARANTY BANCORP DEL COM NEW 40075T607 6,418 232,117 SH   SOLE   232,117 0 0
HANMI FINL CORP COM NEW 410495204 7,475 246,305 SH   SOLE   246,305 0 0
HERITAGE COMMERCE CORP COM 426927109 4,926 321,509 SH   SOLE   321,509 0 0
HERITAGE FINL CORP WASH COM 42722X106 13,104 425,456 SH   SOLE   425,456 0 0
HOWARD BANCORP INC COM 442496105 9,484 431,104 SH   SOLE   431,104 0 0
IBERIABANK CORP COM 450828108 9,587 123,700 SH   SOLE   123,700 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 2,847 127,400 SH   SOLE   127,400 0 0
INDEPENDENT BK GROUP INC COM 45384B106 10,816 160,000 SH   SOLE   160,000 0 0
INVESTAR HLDG CORP COM 46134L105 5,274 218,835 SH   SOLE   218,835 0 0
JPMORGAN CHASE & CO COM 46625H100 6,662 62,300 SH   SOLE   62,300 0 0
LAKELAND FINL CORP COM 511656100 213 4,400 SH   SOLE   4,400 0 0
LEGACY TEX FINL GROUP INC COM 52471Y106 12,165 288,200 SH   SOLE   288,200 0 0
LIVE OAK BANCSHARES INC COM 53803X105 1,705 71,503 SH   SOLE   71,503 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 2,458 67,700 SH   SOLE   67,700 0 0
MERIDIAN BANCORP INC MD COM 58958U103 7,501 364,124 SH   SOLE   364,124 0 0
MIDDLEFIELD BANC CORP COM NEW 596304204 3,428 71,125 SH   SOLE   71,125 0 0
OLD POINT FINL CORP COM 680194107 5,247 176,357 SH   SOLE   176,357 0 0
OLD SECOND BANCORP INC ILL COM 680277100 9,421 690,180 SH   SOLE   690,180 0 0
OPUS BK IRVINE CALIF COM 684000102 15,585 570,878 SH   SOLE   570,878 0 0
PACIFIC PREMIER BANCORP COM 69478X105 15,987 399,683 SH   SOLE   399,683 0 0
PACWEST BANCORP DEL COM 695263103 17,036 338,014 SH   SOLE   338,014 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 21,659 368,472 SH   SOLE   368,472 0 0
PROVIDENT BANCORP INC COM 74383X109 1,934 73,130 SH   SOLE   73,130 0 0
QCR HOLDINGS INC COM 74727A104 14,878 347,200 SH   SOLE   347,200 0 0
REGIONS FINL CORP NEW COM 7591EP100 6,660 385,400 SH   SOLE   385,400 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 4,623 183,367 SH   SOLE   183,367 0 0
SMARTFINANCIAL INC COM NEW 83190L208 4,515 208,074 SH   SOLE   208,074 0 0
SUSSEX BANCORP COM 869245100 4,107 152,948 SH   SOLE   152,948 0 0
SVB FINL GROUP COM 78486Q101 16,130 69,000 SH   SOLE   69,000 0 0
SYNOVUS FINL CORP COM NEW 87161C501 8,963 186,971 SH   SOLE   186,971 0 0
TFS FINL CORP COM 87240R107 19,986 1,337,778 SH   SOLE   1,337,778 0 0
TRIUMPH BANCORP INC COM 89679E300 3,188 101,200 SH   SOLE   101,200 0 0
VERITEX HLDGS INC COM 923451108 9,745 353,211 SH   SOLE   353,211 0 0
WINTRUST FINL CORP COM 97650W108 10,686 129,737 SH   SOLE   129,737 0 0
ZIONS BANCORPORATION COM 989701107 19,648 386,534 SH   SOLE   386,534 0 0