Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ABCB	AMERIS BANCORP	581,101	$27.89M	2.4%	$48.00	—	—	COM	03076K108
KEY	KEYCORP NEW	1,426,200	$26.84M	2.3%	$18.82	—	—	COM	493267108
FITB	FIFTH THIRD BANCORP	883,000	$24.71M	2.1%	$27.98	—	—	COM	316773100
ZION	ZIONS BANCORPORATION	477,400	$22.52M	1.9%	$47.18	—	—	COM	989701107
BAC	BANK AMER CORP	865,400	$21.93M	1.9%	$25.34	—	—	COM	060505104
—	SUNTRUST BKS INC	357,000	$21.34M	1.8%	$59.77	—	—	COM	867914103
C	CITIGROUP INC	285,000	$20.73M	1.8%	$72.74	—	—	COM NEW	172967424
MS	MORGAN STANLEY	424,600	$20.45M	1.8%	$48.17	—	—	COM NEW	617446448
—	CENTERSTATE BK CORP	760,500	$20.38M	1.7%	$26.80	—	—	COM	15201P109
IBCP	INDEPENDENT BANK CORP MICH	884,260	$20.03M	1.7%	$22.65	—	—	COM NEW	453838609
—	IBERIABANK CORP	237,500	$19.51M	1.7%	$82.15	—	—	COM	450828108
—	SYNOVUS FINL CORP	404,000	$18.61M	1.6%	$46.06	—	—	COM NEW	87161C501
LEN/B	LENNAR CORP	409,500	$18.46M	1.6%	$45.08	—	—	CL B	526057302
UCB	UNITED CMNTY BKS BLAIRSVLE G	587,000	$16.75M	1.4%	$28.54	—	—	COM	90984P303
RF	REGIONS FINL CORP NEW	1,090,000	$16.6M	1.4%	$15.23	—	—	COM	7591EP100
—	ZIONS BANCORPORATION	1,376,700	$15.98M	1.4%	$11.61	—	—	*W EXP 11/14/201	989701131
BANC	BANC OF CALIFORNIA INC	760,000	$15.77M	1.4%	$20.75	—	—	COM	05990K106
NTB	BANK OF NT BUTTERFIELD&SON L	430,000	$15.76M	1.3%	$36.64	—	—	SHS NEW	G0772R208
QCRH	QCR HOLDINGS INC	345,500	$15.72M	1.3%	$45.50	—	—	COM	74727A104
CMA	COMERICA INC	205,900	$15.7M	1.3%	$76.26	—	—	COM	200340107
HBAN	HUNTINGTON BANCSHARES INC	1,110,000	$15.5M	1.3%	$13.96	—	—	COM	446150104
—	STATE BK FINL CORP	456,716	$13.09M	1.1%	$28.65	—	—	COM	856190103
AMG	AFFILIATED MANAGERS GROUP	68,400	$12.98M	1.1%	$189.82	—	—	COM	008252108
—	CENTURY BANCORP INC MASS	160,000	$12.82M	1.1%	$80.10	—	—	CL A NON VTG	156432106
—	CODORUS VY BANCORP INC	400,540	$12.3M	1.1%	$30.71	—	—	COM	192025104
—	UNITED CMNTY FINL CORP OHIO	1,190,959	$11.43M	1.0%	$9.60	—	—	COM	909839102
WAL	WESTERN ALLIANCE BANCORP	215,000	$11.41M	1.0%	$53.08	—	—	COM	957638109
PB	PROSPERITY BANCSHARES INC	171,900	$11.3M	1.0%	$65.73	—	—	COM	743606105
SBCF	SEACOAST BKG CORP FLA	470,000	$11.23M	1.0%	$23.89	—	—	COM NEW	811707801
—	SI FINL GROUP INC MD	748,437	$11.19M	1.0%	$14.95	—	—	COM	78425V104
CFR	CULLEN FROST BANKERS INC	117,300	$11.13M	1.0%	$94.92	—	—	COM	229899109
ASB	ASSOCIATED BANC CORP	455,000	$11.03M	0.9%	$24.25	—	—	COM	045487105
PFBC	PREFERRED BK LOS ANGELES CA	181,500	$10.95M	0.9%	$60.35	—	—	COM NEW	740367404
—	EVANS BANCORP INC	237,100	$10.24M	0.9%	$43.20	—	—	COM NEW	29911Q208
COF	CAPITAL ONE FINL CORP	114,200	$9.668M	0.8%	$84.66	—	—	COM	14040H105
—	SUN BANCORP INC	378,200	$9.398M	0.8%	$24.85	—	—	COM NEW	86663B201
—	COMMUNITY BANKERS TR CORP	998,582	$9.187M	0.8%	$9.20	—	—	COM	203612106
IVZ	INVESCO LTD	260,500	$9.128M	0.8%	$35.04	—	—	SHS	G491BT108
ARCC	ARES CAP CORP	550,000	$9.015M	0.8%	$16.39	—	—	COM	04010L103
—	MAINSOURCE FINANCIAL GP INC	250,000	$8.965M	0.8%	$35.86	—	—	COM	56062Y102
RBB	RBB BANCORP	375,300	$8.591M	0.7%	$22.89	—	—	COM	74930B105
—	UNITED FINL BANCORP INC NEW	466,200	$8.527M	0.7%	$18.29	—	—	COM	910304104
—	FIDELITY NATIONAL FINANCIAL	488,089	$8.371M	0.7%	$17.15	—	—	FNFV GROUP COM	31620R402
—	FIRST BANCSHARES INC MS	271,325	$8.18M	0.7%	$30.15	—	—	COM	318916103
—	COASTWAY BANCORP INC	410,000	$8.139M	0.7%	$19.85	—	—	COM	190632109
HTB	HOMETRUST BANCSHARES INC	314,291	$8.062M	0.7%	$25.65	—	—	COM	437872104
MOFG	MIDWESTONE FINL GROUP INC NE	237,300	$8.011M	0.7%	$33.76	—	—	COM	598511103
—	ESSA BANCORP INC	508,290	$7.98M	0.7%	$15.70	—	—	COM	29667D104
EFSC	ENTERPRISE FINL SVCS CORP	186,806	$7.911M	0.7%	$42.35	—	—	COM	293712105
PJT	PJT PARTNERS INC	204,292	$7.826M	0.7%	$38.31	—	—	COM CL A	69343T107
—	CIVISTA BANCSHARES INC	115,700	$7.752M	0.7%	$67.00	—	—	6.50% PFD SER B	178867206
—	JPMORGAN CHASE & CO	143,000	$7.731M	0.7%	$54.06	—	—	*W EXP 10/28/201	46634E114
SPY	SPDR S&P 500 ETF TR	30,000	$7.537M	0.6%	$251.23	—	—	Put	78462F103
—	WOLVERINE BANCORP INC	175,000	$7.525M	0.6%	$43.00	—	—	COM	977880103
UVSP	UNIVEST CORP PA	225,101	$7.203M	0.6%	$32.00	—	—	COM	915271100
SCHW	SCHWAB CHARLES CORP NEW	161,000	$7.042M	0.6%	$43.74	—	—	COM	808513105
PYPL	PAYPAL HLDGS INC	109,600	$7.018M	0.6%	$64.03	—	—	COM	70450Y103
ICFI	ICF INTL INC	130,000	$7.014M	0.6%	$53.95	—	—	COM	44925C103
CCNE	CNB FINL CORP PA	252,837	$6.908M	0.6%	$27.32	—	—	COM	126128107
—	AMERICAN RIVER BANKSHARES	498,813	$6.904M	0.6%	$13.84	—	—	COM	029326105
—	TWO HBRS INVT CORP	657,100	$6.624M	0.6%	$10.08	—	—	COM	90187B101
FHN	FIRST HORIZON NATL CORP	345,000	$6.607M	0.6%	$19.15	—	—	COM	320517105
FBK	FB FINL CORP	174,735	$6.591M	0.6%	$37.72	—	—	COM	30257X104
HOMB	HOME BANCSHARES INC	260,000	$6.557M	0.6%	$25.22	—	—	COM	436893200
—	BOSTON PRIVATE FINL HLDGS IN	389,658	$6.449M	0.6%	$16.55	—	—	COM	101119105
—	BRYN MAWR BK CORP	145,000	$6.351M	0.5%	$43.80	—	—	COM	117665109
V	VISA INC	60,300	$6.346M	0.5%	$105.24	—	—	COM CL A	92826C839
—	INVESTORS BANCORP INC NEW	462,200	$6.304M	0.5%	$13.64	—	—	COM	46146L101
—	SVB FINL GROUP	32,600	$6.099M	0.5%	$187.09	—	—	COM	78486Q101
MSBI	MIDLAND STS BANCORP INC ILL	190,000	$6.019M	0.5%	$31.68	—	—	COM	597742105
EQBK	EQUITY BANCSHARES INC	169,000	$6.013M	0.5%	$35.58	—	—	COM CL A	29460X109
—	CALATLANTIC GROUP INC	158,200	$5.795M	0.5%	$36.63	—	—	COM	128195104
—	UNITED CMNTY BANCORP IND	296,886	$5.76M	0.5%	$19.40	—	—	COM	90984R101
FNF	FIDELITY NATIONAL FINANCIAL	121,000	$5.743M	0.5%	$47.46	—	—	FNF GROUP COM	31620R303
NRIM	NORTHRIM BANCORP INC	163,073	$5.699M	0.5%	$34.95	—	—	COM	666762109
TPH	TRI POINTE GROUP INC	410,000	$5.662M	0.5%	$13.81	—	—	COM	87265H109
—	POAGE BANKSHARES INC	308,005	$5.575M	0.5%	$18.10	—	—	COM	730206109
BKU	BANKUNITED INC	153,300	$5.453M	0.5%	$35.57	—	—	COM	06652K103
FIS	FIDELITY NATL INFORMATION SV	57,500	$5.37M	0.5%	$93.39	—	—	COM	31620M106
—	Standard AVB Financial Corp.	181,600	$5.357M	0.5%	$29.50	—	—	COM	85303B100
STBA	S & T BANCORP INC	129,837	$5.139M	0.4%	$39.58	—	—	COM	783859101
BK	BANK NEW YORK MELLON CORP	95,000	$5.037M	0.4%	$53.02	—	—	COM	064058100
—	E TRADE FINANCIAL CORP	115,000	$5.015M	0.4%	$43.61	—	—	COM NEW	269246401
IROQ	IF BANCORP INC	255,000	$4.947M	0.4%	$19.40	—	—	COM	44951J105
MA	MASTERCARD INCORPORATED	35,000	$4.942M	0.4%	$141.20	—	—	CL A	57636Q104
EWBC	EAST WEST BANCORP INC	82,600	$4.938M	0.4%	$59.78	—	—	COM	27579R104
—	First American International Corp.	168,880	$4.864M	0.4%	$28.80	—	—	COM	31849X107
AVBH	Avidbank Holdings, Inc.	254,998	$4.693M	0.4%	$18.40	—	—	COM	05368J103
—	Bay Banks of Virginia, Inc.	869,829	$4.679M	0.4%	$5.38	—	—	COM	072035108
FNB	FNB CORP PA	330,000	$4.63M	0.4%	$14.03	—	—	COM	302520101
—	FIRST DEFIANCE FINL CORP	86,200	$4.525M	0.4%	$52.49	—	—	COM	32006W106
OSBC	OLD SECOND BANCORP INC ILL	335,000	$4.506M	0.4%	$13.45	—	—	COM	680277100
CTBI	COMMUNITY TR BANCORP INC	92,650	$4.308M	0.4%	$46.50	—	—	COM	204149108
—	DIME CMNTY BANCSHARES	200,000	$4.3M	0.4%	$21.50	—	—	COM	253922108
—	FNB CORP PA	392,475	$4.286M	0.4%	$10.92	—	—	*W $3.116 EXP 1/30/2019	302520945
SMBC	SOUTHERN MO BANCORP INC	116,507	$4.251M	0.4%	$36.49	—	—	COM	843380106
NTRS	NORTHERN TR CORP	45,000	$4.137M	0.4%	$91.93	—	—	COM	665859104
ALRS	Alerus Financial Corp	200,700	$4.094M	0.4%	$20.40	—	—	COM	01446U103
—	XENITH BANKSHARES INC NEW	125,000	$4.063M	0.3%	$32.50	—	—	COM NEW	984102202
—	White River Bancshares Company	68,000	$4.004M	0.3%	$58.88	—	—	COM	9B999WRBC
PBHC	PATHFINDER BANCORP INC MD	253,961	$3.886M	0.3%	$15.30	—	—	COM	70319R109
—	HOWARD BANCORP INC	183,900	$3.844M	0.3%	$20.90	—	—	COM	442496105
FPH	FIVE POINT HOLDINGS LLC	280,000	$3.819M	0.3%	$13.64	—	—	COM CL A	33833Q106
RVSB	RIVERVIEW BANCORP INC	449,834	$3.779M	0.3%	$8.40	—	—	COM	769397100
OTTW	OTTAWA BANCORP INC	269,685	$3.77M	0.3%	$13.98	—	—	COM	689195105
—	WASHINGTONFIRST BANKSHARES I	105,285	$3.747M	0.3%	$35.59	—	—	COM	940730104
—	HMN FINL INC	277,778	$3.683M	0.3%	$13.26	—	—	*W $4.68 EXP 12/23/2018	40424G975
SFNC	SIMMONS 1ST NATL CORP	62,900	$3.642M	0.3%	$57.90	—	—	CL A $1 PAR	828730200
FSBW	FS BANCORP INC	70,000	$3.616M	0.3%	$51.66	—	—	COM	30263Y104
—	NATIONAL COMM CORP	80,000	$3.424M	0.3%	$42.80	—	—	COM	63546L102
—	OM ASSET MGMT PLC	228,200	$3.405M	0.3%	$14.92	—	—	SHS	G67506108
—	LAKELAND BANCORP INC	165,700	$3.38M	0.3%	$20.40	—	—	COM	511637100
WNEB	WESTERN NEW ENG BANCORP INC	310,000	$3.379M	0.3%	$10.90	—	—	COM	958892101
HWC	HANCOCK HLDG CO	67,700	$3.28M	0.3%	$48.45	—	—	COM	410120109
FCCO	FIRST CMNTY CORP S C	160,269	$3.278M	0.3%	$20.45	—	—	COM	319835104
EQFN	EQUITABLE FINL CORP NEW	314,175	$3.252M	0.3%	$10.35	—	—	COM	29448T105
—	PB BANCORP INC	301,430	$3.165M	0.3%	$10.50	—	—	COM	70454T100
—	PARK STERLING CORP	249,500	$3.099M	0.3%	$12.42	—	—	COM	70086Y105
QNBC	QNB Corporation	75,100	$3.045M	0.3%	$40.55	—	—	COM	74726N107
HTH	HILLTOP HOLDINGS INC	115,000	$2.99M	0.3%	$26.00	—	—	COM	432748101
—	TWO RIV BANCORP	148,533	$2.944M	0.3%	$19.82	—	—	COM	90207C105
—	MB Bancorp, Inc.	188,500	$2.884M	0.2%	$15.30	—	—	COM	55280E104
—	AJS Bancorp, Inc.	199,192	$2.799M	0.2%	$14.05	—	—	COM	001503101
CNOB	CONNECTONE BANCORP INC NEW	111,900	$2.753M	0.2%	$24.60	—	—	COM	20786W107
ISTR	INVESTAR HLDG CORP	113,200	$2.728M	0.2%	$24.10	—	—	COM	46134L105
HOPE	HOPE BANCORP INC	152,000	$2.692M	0.2%	$17.71	—	—	COM	43940T109
—	LYON WILLIAM HOMES	116,300	$2.674M	0.2%	$22.99	—	—	CL A NEW	552074700
—	COMMUNITY WEST BANCSHARES	257,044	$2.66M	0.2%	$10.35	—	—	COM	204157101
—	DISCOVER FINL SVCS	40,000	$2.579M	0.2%	$64.47	—	—	COM	254709108
—	MELROSE BANCORP INC	129,132	$2.568M	0.2%	$19.89	—	—	COM	585553100
MCHB	HOMESTREET INC	95,000	$2.565M	0.2%	$27.00	—	—	COM	43785V102
—	FIRST SOUTH BANCORP INC VA	132,471	$2.455M	0.2%	$18.53	—	—	COM	33646W100
BOTJ	BANK OF THE ST JAMES FINL GP	167,800	$2.433M	0.2%	$14.50	—	—	COM	470299108
CIVB	CIVISTA BANCSHARES INC	108,094	$2.415M	0.2%	$22.34	—	—	COM NO PAR	178867107
—	Blackhawk Bancorp, Inc.	107,797	$2.378M	0.2%	$22.06	—	—	COM	09237E204
GS	GOLDMAN SACHS GROUP INC	10,000	$2.372M	0.2%	$237.20	—	—	COM	38141G104
—	BB&T CORP	50,000	$2.347M	0.2%	$46.94	—	—	COM	054937107
—	Pilgrim Bancshares, Inc.	120,800	$2.319M	0.2%	$19.20	—	—	COM	72143J105
—	HMN FINL INC	128,684	$2.297M	0.2%	$17.85	—	—	COM	40424G108
—	Central Federal Bancshares, Inc.	166,200	$2.294M	0.2%	$13.80	—	—	COM	15346T107
MCBI	Mountain Commerce Bancorp, Inc.	187,500	$2.213M	0.2%	$11.80	—	—	COM	624004107
—	PACIFIC PREMIER BANCORP	58,379	$2.204M	0.2%	$37.75	—	—	COM	69478X105
ESQ	ESQUIRE FINL HLDGS INC	134,935	$2.171M	0.2%	$16.09	—	—	COM	29667J101
NMIH	NMI HLDGS INC	171,182	$2.123M	0.2%	$12.40	—	—	CL A	629209305
—	SUNSHINE BANCORP INC	89,800	$2.087M	0.2%	$23.24	—	—	COM	86777J108
AMBZ	American Business Bank	54,250	$2.072M	0.2%	$38.19	—	—	COM	02475L105
—	HAMILTON BANCORP INC MD	140,882	$2.071M	0.2%	$14.70	—	—	COM	407015106
HNNA	HENNESSY ADVISORS INC	127,000	$1.961M	0.2%	$15.44	—	—	COM	425885100
CMA	COMERICA INC	25,000	$1.907M	0.2%	$76.28	—	—	Call	200340107
FFBC	FIRST FINL BANCORP OH	70,000	$1.831M	0.2%	$26.16	—	—	COM	320209109
OVLY	OAK VALLEY BANCORP OAKDALE C	107,200	$1.8M	0.2%	$16.79	—	—	COM	671807105
DHI	D R HORTON INC	45,000	$1.797M	0.2%	$39.93	—	—	COM	23331A109
—	GUARANTY FED BANCSHARES INC	83,900	$1.795M	0.2%	$21.39	—	—	COM	40108P101
—	CYS INVTS INC	200,000	$1.728M	0.1%	$8.64	—	—	COM	12673A108
—	FIRST MIDWEST BANCORP DEL	65,800	$1.541M	0.1%	$23.42	—	—	COM	320867104
UBFO	UNITED SECURITY BANCSHARES C	160,000	$1.52M	0.1%	$9.50	—	—	COM	911460103
—	Sunshine Financial Inc.	66,000	$1.502M	0.1%	$22.76	—	—	COM	86782T109
—	CF CORP	126,500	$1.417M	0.1%	$11.20	—	—	SHS CL A	G20307107
—	LEGACY TEX FINL GROUP INC	35,000	$1.397M	0.1%	$39.91	—	—	COM	52471Y106
—	PNC FINL SVCS GROUP INC	20,300	$1.367M	0.1%	$67.34	—	—	*W EXP 12/31/201	693475121
—	SB FINL GROUP INC	80,000	$1.316M	0.1%	$16.45	—	—	DEP SHS PFD 6.5%	78408D204
—	JACKSONVILLE BANCORP INC MD	40,869	$1.261M	0.1%	$30.85	—	—	COM	46924R106
—	SUNTRUST BKS INC	46,400	$1.22M	0.1%	$26.29	—	—	*W EXP 12/31/201	867914129
XLF	SELECT SECTOR SPDR TR	45,000	$1.164M	0.1%	$25.87	—	—	Put	81369Y605
PLBC	PLUMAS BANCORP	55,000	$1.15M	0.1%	$20.91	—	—	COM	729273102
FIEB	First IC Corporation	124,597	$1.146M	0.1%	$9.20	—	—	COM	32058J102
—	New Bancorp, Inc.	66,200	$1.043M	0.1%	$15.76	—	—	COM	642142103
—	Sunnyside Bancorp, Inc.	64,871	$1.006M	0.1%	$15.51	—	—	COM	867475105
—	AMERICAN NATL BANKSHARES INC	24,200	$997K	0.1%	$41.20	—	—	COM	027745108
—	EATON VANCE CORP	20,000	$987K	0.1%	$49.35	—	—	COM NON VTG	278265103
—	Sugar Creek Financial Corporation	78,575	$966K	0.1%	$12.29	—	—	COM	86481Y102
EZPW	EZCORP INC	100,000	$950K	0.1%	$9.50	—	—	CL A NON VTG	302301106
FMNB	FARMERS NATL BANC CORP	61,400	$924K	0.1%	$15.05	—	—	COM	309627107
BCTF	BANCORP 34 INC	61,906	$867K	0.1%	$14.01	—	—	COM	05970V106
—	STERLING BANCORP DEL	35,000	$863K	0.1%	$24.66	—	—	COM	85917A100
FFBB	Communities First Financial Corporation	46,800	$824K	0.1%	$17.61	—	—	COM	20344D104
—	OLD LINE BANCSHARES INC	26,700	$748K	0.1%	$28.01	—	—	COM	67984M100
—	SUMMIT FINANCIAL GROUP INC	27,100	$695K	0.1%	$25.65	—	—	COM	86606G101
SHBI	SHORE BANCSHARES INC	40,100	$668K	0.1%	$16.66	—	—	COM	825107105
—	West End Indiana Bancshares, Inc.	22,800	$667K	0.1%	$29.25	—	—	COM	952678100
WLFC	WILLIS LEASE FINANCE CORP	25,000	$615K	0.1%	$24.60	—	—	COM	970646105
FISI	FINANCIAL INSTNS INC	21,100	$608K	0.1%	$28.82	—	—	COM	317585404
—	LEGG MASON INC	15,000	$590K	0.1%	$39.33	—	—	COM	524901105
ATLO	AMES NATL CORP	19,232	$574K	0.0%	$29.85	—	—	COM	031001100
—	New Jersey Community Bank	160,488	$483K	0.0%	$3.01	—	—	COM	64577U102
PEBK	PEOPLES BANCORP N C INC	12,300	$438K	0.0%	$35.61	—	—	COM	710577107
—	PARAGON COML CORP	7,000	$395K	0.0%	$56.43	—	—	COM NEW	69911U403
—	Minden Bancorp, Inc.	14,900	$387K	0.0%	$25.97	—	—	COM	60255R106
FBIZ	FIRST BUS FINL SVCS INC WIS	17,000	$387K	0.0%	$22.76	—	—	COM	319390100
—	ATLANTIC CAP BANCSHARES INC	20,524	$373K	0.0%	$18.17	—	—	COM	048269203
HBCP	HOME BANCORP INC	8,609	$360K	0.0%	$41.82	—	—	COM	43689E107
—	UNION BANKSHARES CORP NEW	10,000	$353K	0.0%	$35.30	—	—	COM	90539J109
PGC	PEAPACK-GLADSTONE FINL CORP	10,000	$337K	0.0%	$33.70	—	—	COM	704699107
—	Hibernia Bancorp, Inc.	17,300	$326K	0.0%	$18.84	—	—	COM	42866N104
CIZN	CITIZENS HLDG CO MISS	10,441	$260K	0.0%	$24.90	—	—	COM	174715102
—	Four Oaks Fincorp, Inc.	12,896	$251K	0.0%	$19.46	—	—	COM	350891206
BFC	Bank First National Corp.	5,900	$227K	0.0%	$38.47	—	—	COM	06211J100
—	Pioneer Bancshares, Inc.	4,028	$99,000	0.0%	$24.58	—	—	COM	72357G102
OCFC	OCEANFIRST FINL CORP	300	$8,000	0.0%	$26.67	—	—	COM	675234108