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
1st Century Bancshares, Inc. Common Stock 31943X102 5,554 899,900 SH   SOLE 0 899,900 0 0
1st United Bancorp, Inc. Common Stock 33740N105 8,899 1,324,300 SH   SOLE 0 1,324,300 0 0
Access National Corporation Common Stock 004337101 1,872 144,200 SH   SOLE 0 144,200 0 0
AerCap Holdings NV SHS SHS N00985106 13,095 750,000 SH   SOLE 0 750,000 0 0
Air Lease Corporation Cl A Common Stock 00912X302 828 30,000 SH   SOLE 0 30,000 0 0
Alliance Bancorp, Inc. of Pennsylvania Common Stock 01890A108 2,956 215,000 SH   SOLE 0 215,000 0 0
American International Group, Inc. Common Stock 026874784 16,316 365,000 SH   SOLE 0 365,000 0 0
American Residential Properties, Inc. Common Stock 02927E303 860 50,000 SH   SOLE 0 50,000 0 0
American River Bankshares Common Stock 029326105 7,132 867,700 SH   SOLE 0 867,700 0 0
Arthur J. Gallagher & Co. Common Stock 363576109 6,990 160,000 SH   SOLE 0 160,000 0 0
ASB Bancorp, Inc. Common Stock 00213T109 2,521 153,600 SH   SOLE 0 153,600 0 0
Astoria Financial Corporation Common Stock 046265104 4,177 387,500 SH   SOLE 0 387,500 0 0
Athens Bancshares Corporation Common Stock 047042106 401 22,300 SH   SOLE 0 22,300 0 0
BancFirst Corporation Common Stock 05945F103 13,709 294,500 SH   SOLE 0 294,500 0 0
Bank Mutual Corporation Common Stock 063750103 5,403 958,000 SH   SOLE 0 958,000 0 0
Bank of America Corporation Common Stock 060505104 13,825 1,075,000 SH   SOLE 0 1,075,000 0 0
BankUnited, Inc. Common Stock 06652K103 10,404 400,000 SH   SOLE 0 400,000 0 0
BlackRock, Inc. Common Stock 09247X101 4,495 17,500 SH   SOLE 0 17,500 0 0
Boston Private Financial Holdings, Inc. Common Stock 101119105 8,826 829,500 SH   SOLE 0 829,500 0 0
Bridge Bancorp, Inc. Common Stock 108035106 3,938 175,000 SH   SOLE 0 175,000 0 0
Bridge Capital Holdings Common Stock 108030107 5,001 315,300 SH   SOLE 0 315,300 0 0
Brown & Brown, Inc. Common Stock 115236101 4,320 134,000 SH   SOLE 0 134,000 0 0
Camco Financial Corporation Common Stock 132618109 820 250,000 SH   SOLE 0 250,000 0 0
Camden National Corporation Common Stock 133034108 202 5,700 SH   SOLE 0 5,700 0 0
Capital Bank Financial Corporation Common Stock 139794101 5,326 280,000 SH   SOLE 0 280,000 0 0
Capital One Financial Corporation Common Stock 14040H105 22,298 355,000 SH   SOLE 0 355,000 0 0
Cardinal Financial Corporation Common Stock 14149F109 1,464 100,000 SH   SOLE 0 100,000 0 0
Century Bancorp, Inc. Cl A Non Vtg Common Stock 156432106 8,425 240,714 SH   SOLE 0 240,714 0 0
Charter Financial Corporation Common Stock 16122W108 5,544 550,000 SH   SOLE 0 550,000 0 0
Chicopee Bancorp, Inc. Common Stock 168565109 4,563 270,000 SH   SOLE 0 270,000 0 0
Citigroup Inc. Common Stock 172967424 23,361 487,000 SH   SOLE 0 487,000 0 0
Citizens & Northern Corporation Common Stock 172922106 1,449 75,000 SH   SOLE 0 75,000 0 0
Citizens Community Bancorp Inc. Common Stock 174903104 351 50,200 SH   SOLE 0 50,200 0 0
City National Corporation Common Stock 178566105 7,763 122,500 SH   SOLE 0 122,500 0 0
CoBiz Financial Inc. Common Stock 190897108 4,399 530,000 SH   SOLE 0 530,000 0 0
Colonial Financial Services, Inc. Common Stock 19566B101 1,029 76,200 SH   SOLE 0 76,200 0 0
Comerica Incorporated Common Stock 200340107 8,763 220,000 SH   SOLE 0 220,000 0 0
Connectone Bancorp, Inc. Common Stock 20786U101 2,459 80,000 SH   SOLE 0 80,000 0 0
Cowen Group, Inc. Cl A Common Stock 223622101 2,365 818,500 SH   SOLE 0 818,500 0 0
CVB Financial Corp. Common Stock 126600105 1,705 145,000 SH   SOLE 0 145,000 0 0
Discover Financial Services Common Stock 254709108 14,768 310,000 SH   SOLE 0 310,000 0 0
DNB Financial Corporation Common Stock 233237106 306 17,300 SH   SOLE 0 17,300 0 0
Eagle Bancorp Montana, Inc. Common Stock 26942G100 3,063 287,100 SH   SOLE 0 287,100 0 0
Evans Bancorp, Inc. Common Stock 29911Q208 6,167 351,200 SH   SOLE 0 351,200 0 0
Farmers National Banc Corp. Common Stock 309627107 377 60,000 SH   SOLE 0 60,000 0 0
FedFirst Financial Corporation Common Stock 31429C101 2,171 117,300 SH   SOLE 0 117,300 0 0
Fidelity Southern Corporation Common Stock 316394105 3,946 319,000 SH   SOLE 0 319,000 0 0
First Bancorp Common Stock 318910106 353 25,000 SH   SOLE 0 25,000 0 0
First Bancorp, Inc. Common Stock 31866P102 2,028 116,000 SH   SOLE 0 116,000 0 0
First Busey Corporation Common Stock 319383105 3,960 880,000 SH   SOLE 0 880,000 0 0
First Citizens BancShares, Inc. Cl A Common Stock 31946M103 19,781 103,000 SH   SOLE 0 103,000 0 0
First Community Corporation Common Stock 319835104 3,995 434,200 SH   SOLE 0 434,200 0 0
First Financial Bancorp. Common Stock 320209109 10,744 721,100 SH   SOLE 0 721,100 0 0
First Midwest Bancorp, Inc. Common Stock 320867104 14,208 1,035,600 SH   SOLE 0 1,035,600 0 0
First NBC Bank Holding Company Common Stock 32115D106 14,396 590,000 SH   SOLE 0 590,000 0 0
Flagstar Bancorp, Inc. Common Stock 337930705 8,376 600,000 SH   SOLE 0 600,000 0 0
Flushing Financial Corporation Common Stock 343873105 6,333 385,000 SH   SOLE 0 385,000 0 0
Fortegra Financial Corporation Common Stock 34954W104 350 51,000 SH   SOLE 0 51,000 0 0
Fox Chase Bancorp, Inc. Common Stock 35137T108 8,840 520,000 SH   SOLE 0 520,000 0 0
Franklin Resources, Inc. Common Stock 354613101 1,700 12,500 SH   SOLE 0 12,500 0 0
Georgetown Bancorp, Inc. Common Stock 372591107 1,972 138,887 SH   SOLE 0 138,887 0 0
Guaranty Bancorp Common Stock 40075T607 2,315 203,944 SH   SOLE 0 203,944 0 0
Hamilton Bancorp Inc. Common Stock 407015106 4,833 365,000 SH   SOLE 0 365,000 0 0
Hampton Roads Bankshares, Inc. Common Stock 409321502 362 280,355 SH   SOLE 0 280,355 0 0
Hancock Holding Company Common Stock 410120109 8,269 275,000 SH   SOLE 0 275,000 0 0
Heritage Commerce Corp Common Stock 426927109 1,751 250,200 SH   SOLE 0 250,200 0 0
Heritage Financial Corporation Common Stock 42722X106 6,865 468,600 SH   SOLE 0 468,600 0 0
Heritage Oaks Bancorp Common Stock 42724R107 11,118 1,802,000 SH   SOLE 0 1,802,000 0 0
HF Financial Corp. Common Stock 404172108 8,533 655,900 SH   SOLE 0 655,900 0 0
Hingham Institution for Savings Common Stock 433323102 2,790 41,100 SH   SOLE 0 41,100 0 0
Home Federal Bancorp, Inc. of Louisiana Common Stock 43708L108 2,081 120,000 SH   SOLE 0 120,000 0 0
HomeTrust Bancshares, Inc. Common Stock 437872104 3,134 184,800 SH   SOLE 0 184,800 0 0
HopFed Bancorp, Inc. Common Stock 439734104 7,934 734,602 SH   SOLE 0 734,602 0 0
Huntington Bancshares Incorporated Common Stock 446150104 9,444 1,200,000 SH   SOLE 0 1,200,000 0 0
IF Bancorp, Inc. Common Stock 44951J105 6,673 436,700 SH   SOLE 0 436,700 0 0
Independent Bank Corporation Common Stock 453838609 1,004 159,600 SH   SOLE 0 159,600 0 0
Invesco Ltd. Common Stock G491BT108 5,406 170,000 SH   SOLE 0 170,000 0 0
Jacksonville Bancorp, Inc. Common Stock 469249106 2,315 4,822,900 SH   SOLE 0 4,822,900 0 0
Jacksonville Bancorp, Inc. (IL) Common Stock 46924R106 917 48,100 SH   SOLE 0 48,100 0 0
Janus Capital Group Inc. Common Stock 47102X105 383 45,000 SH   SOLE 0 45,000 0 0
JPMorgan Chase & Co. Common Stock 46625H100 14,517 275,000 SH   SOLE 0 275,000 0 0
Call - JPM $42.42 Exp 10/28/2018 Warrants 46634E114 858 55,000 SH   SOLE 0 55,000 0 0
KeyCorp Common Stock 493267108 2,760 250,000 SH   SOLE 0 250,000 0 0
Lakeland Bancorp, Inc. Common Stock 511637100 313 30,000 SH   SOLE 0 30,000 0 0
Lakeland Financial Corporation Common Stock 511656100 1,793 64,600 SH   SOLE 0 64,600 0 0
Laporte Bancorp Inc. Common Stock 516651106 6,076 600,400 SH   SOLE 0 600,400 0 0
Lazard Ltd SHS A SHS A G54050102 10,288 320,000 SH   SOLE 0 320,000 0 0
Legg Mason, Inc. Common Stock 524901105 620 20,000 SH   SOLE 0 20,000 0 0
Lennar Corporation Cl A Common Stock 526057104 1,081 30,000 SH   SOLE 0 30,000 0 0
LNB Bancorp, Inc. Common Stock 502100100 5,047 587,600 SH   SOLE 0 587,600 0 0
Louisiana Bancorp, Inc. Common Stock 54619P104 3,419 201,100 SH   SOLE 0 201,100 0 0
Call - MTB $73.86 Exp 12/23/2018 Warrants 55261F112 9,831 258,700 SH   SOLE 0 258,700 0 0
MainSource Financial Group, Inc. Common Stock 56062Y102 3,492 260,000 SH   SOLE 0 260,000 0 0
Malvern Bancorp, Inc. Common Stock 561409103 7,721 645,000 SH   SOLE 0 645,000 0 0
Marsh & McLennan Companies, Inc. Common Stock 571748102 599 15,000 SH   SOLE 0 15,000 0 0
MB Financial, Inc. Common Stock 55264U108 13,802 515,000 SH   SOLE 0 515,000 0 0
Meridian Interstate Bancorp, Inc. (MHC) Common Stock 58964Q104 3,201 170,000 SH   SOLE 0 170,000 0 0
MetLife, Inc. Common Stock 59156R108 10,982 240,000 SH   SOLE 0 240,000 0 0
MidWestOne Financial Group, Inc. Common Stock 598511103 4,754 197,600 SH   SOLE 0 197,600 0 0
Morgan Stanley Common Stock 617446448 12,215 500,000 SH   SOLE 0 500,000 0 0
National Bank Holdings Corporation Cl A Common Stock 633707104 4,551 231,000 SH   SOLE 0 231,000 0 0
Nationstar Mortgage Holdings, Inc. Common Stock 63861C109 4,306 115,000 SH   SOLE 0 115,000 0 0
New Century Bancorp, Inc. Common Stock 64353M100 554 86,800 SH   SOLE 0 86,800 0 0
Newport Bancorp, Inc. Common Stock 651754103 5,865 344,200 SH   SOLE 0 344,200 0 0
North Valley Bancorp Common Stock 66304M204 8,566 517,600 SH   SOLE 0 517,600 0 0
Northrim BanCorp, Inc. Common Stock 666762109 6,471 267,500 SH   SOLE 0 267,500 0 0
OBA Financial Services, Inc. Common Stock 67424G101 3,922 212,700 SH   SOLE 0 212,700 0 0
OceanFirst Financial Corp. Common Stock 675234108 10,327 664,100 SH   SOLE 0 664,100 0 0
Old Line Bancshares, Inc. Common Stock 67984M100 2,044 155,000 SH   SOLE 0 155,000 0 0
Old National Bancorp Common Stock 680033107 256 18,500 SH   SOLE 0 18,500 0 0
OmniAmerican Bancorp, Inc. Common Stock 68216R107 17,550 796,620 SH   SOLE 0 796,620 0 0
Oneida Financial Corp. Common Stock 682479100 1,018 74,600 SH   SOLE 0 74,600 0 0
Pacific Premier Bancorp, Inc. Common Stock 69478X105 4,866 398,200 SH   SOLE 0 398,200 0 0
Palmetto Bancshares, Inc. Common Stock 697062206 11,786 906,641 SH   SOLE 0 906,641 0 0
Park Sterling Corp Common Stock 70086Y105 8,327 1,408,900 SH   SOLE 0 1,408,900 0 0
Peoples Federal Bancshares, Inc. Common Stock 711037101 4,698 260,000 SH   SOLE 0 260,000 0 0
Ply Gem Holdings Inc. Common Stock 72941W100 301 15,000 SH   SOLE 0 15,000 0 0
Poage Bankshares, Inc. Common Stock 730206109 4,710 314,000 SH   SOLE 0 314,000 0 0
Polonia Bancorp, Inc. Common Stock 73158Q109 2,611 282,300 SH   SOLE 0 282,300 0 0
Preferred Bank Common Stock 740367404 12,047 731,000 SH   SOLE 0 731,000 0 0
Premier Financial Bancorp, Inc. Common Stock 74050M105 1,385 115,000 SH   SOLE 0 115,000 0 0
PulteGroup, Inc. Common Stock 745867101 190 10,000 SH   SOLE 0 10,000 0 0
Raymond James Financial, Inc. Common Stock 754730109 3,224 75,000 SH   SOLE 0 75,000 0 0
Riverview Bancorp, Inc. Common Stock 769397100 3,108 1,238,400 SH   SOLE 0 1,238,400 0 0
Put - SPY $160 Exp 09/21/2013 Option 78462F103 258 500 SH Put SOLE 0 500 0 0
Put - SPY $162 Exp 09/21/2013 Option 78462F103 302 500 SH Put SOLE 0 500 0 0
Seacoast Banking Corporation of Florida Common Stock 811707306 4,983 2,265,000 SH   SOLE 0 2,265,000 0 0
SI Financial Group, Inc. Common Stock 78425V104 4,311 390,100 SH   SOLE 0 390,100 0 0
Sierra Bancorp Common Stock 82620P102 3,907 264,000 SH   SOLE 0 264,000 0 0
Simplicity Bancorp Inc. Common Stock 828867101 213 14,700 SH   SOLE 0 14,700 0 0
Southcoast Financial Corporation Common Stock 84129R100 58 11,000 SH   SOLE 0 11,000 0 0
Southern Missouri Bancorp, Inc. Common Stock 843380106 5,655 220,300 SH   SOLE 0 220,300 0 0
Southwest Bancorp, Inc. Common Stock 844767103 9,278 702,900 SH   SOLE 0 702,900 0 0
Standard Financial Corp. Common Stock 853393106 6,088 319,600 SH   SOLE 0 319,600 0 0
Standard Pacific Corp. Common Stock 85375C101 500 60,000 SH   SOLE 0 60,000 0 0
State Bank Financial Corporation Common Stock 856190103 38,477 2,560,000 SH   SOLE 0 2,560,000 0 0
State Investors Bancorp, Inc. Common Stock 857030100 3,641 245,000 SH   SOLE 0 245,000 0 0
State Street Corporation Common Stock 857477103 14,020 215,000 SH   SOLE 0 215,000 0 0
Sterling Bancorp Common Stock 859158107 440 37,900 SH   SOLE 0 37,900 0 0
Sterling Financial Corporation Common Stock 859319303 7,966 335,000 SH   SOLE 0 335,000 0 0
Suffolk Bancorp Common Stock 864739107 5,422 331,803 SH   SOLE 0 331,803 0 0
SunTrust Banks, Inc. Common Stock 867914103 11,523 365,000 SH   SOLE 0 365,000 0 0
Call - STI $33.70 Exp 12/31/2018 Warrants 867914129 1,391 180,000 SH   SOLE 0 180,000 0 0
Synovus Financial Corp. Common Stock 87161C105 7,884 2,700,000 SH   SOLE 0 2,700,000 0 0
T. Rowe Price Group, Inc. Common Stock 74144T108 732 10,000 SH   SOLE 0 10,000 0 0
Territorial Bancorp Inc. Common Stock 88145X108 8,388 370,980 SH   SOLE 0 370,980 0 0
Texas Capital Bancshares, Inc. Common Stock 88224Q107 7,120 160,500 SH   SOLE 0 160,500 0 0
The Ryland Group, Inc. Common Stock 783764103 2,206 55,000 SH   SOLE 0 55,000 0 0
Toronto-Dominion Bank Common Stock 891160509 11,654 145,000 SH   SOLE 0 145,000 0 0
U.S. Bancorp Common Stock 902973304 5,423 150,000 SH   SOLE 0 150,000 0 0
United Community Bancorp Common Stock 90984R101 2,785 272,200 SH   SOLE 0 272,200 0 0
United Community Banks, Inc. Common Stock 90984P303 10,102 813,400 SH   SOLE 0 813,400 0 0
United Community Financial Corp. Common Stock 909839102 10,137 2,289,857 SH   SOLE 0 2,289,857 0 0
Walker & Dunlop, Inc. Common Stock 93148P102 2,137 122,100 SH   SOLE 0 122,100 0 0
Walter Investment Management Corporation Common Stock 93317W102 5,748 170,000 SH   SOLE 0 170,000 0 0
Wells Fargo & Company Common Stock 949746101 5,778 140,000 SH   SOLE 0 140,000 0 0
WesBanco, Inc. Common Stock 950810101 661 25,000 SH   SOLE 0 25,000 0 0
West Bancorporation, Inc. Common Stock 95123P106 882 75,100 SH   SOLE 0 75,100 0 0
Willis Lease Finance Corporation Common Stock 970646105 2,032 150,400 SH   SOLE 0 150,400 0 0
Wilshire Bancorp, Inc. Common Stock 97186T108 9,134 1,379,800 SH   SOLE 0 1,379,800 0 0
Wintrust Financial Corporation Common Stock 97650W108 19,462 508,400 SH   SOLE 0 508,400 0 0
Wolverine Bancorp, Inc. Common Stock 977880103 2,498 134,300 SH   SOLE 0 134,300 0 0
Xenith Bankshares, Inc. Common Stock 98410X105 5,372 1,009,700 SH   SOLE 0 1,009,700 0 0
Yadkin Financial Corporation Common Stock 984305102 6,669 475,000 SH   SOLE 0 475,000 0 0
Zions Bancorporation Common Stock 989701107 6,507 225,000 SH   SOLE 0 225,000 0 0
Call - ZION $36.27 Exp 11/14/2018 Warrants 989701131 7,648 2,007,300 SH   SOLE 0 2,007,300 0 0