CIK: 0001040762 · Show all filings
Period: Q1 2018 (← Previous) (Next →)
Filing Date: May 11, 2018
Total Value ($000): $1,466,383 (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| CMA | COMERICA INC | 406,045 | $38,952 | 2.7% | $45.65 | +46.5% | COM | 200340107 |
| LEN/B | LENNAR CORP | 790,000 | $37,675 | 2.6% | $37.42 | +14.4% | CL B | 526057302 |
| KEY | KEYCORP NEW | 1,795,714 | $35,106 | 2.4% | $10.72 | +36.3% | COM | 493267108 |
| ZION | ZIONS BANCORPORATION | 623,085 | $32,855 | 2.2% | $36.33 | +48.1% | COM | 989701107 |
| BAC | BANK AMER CORP | 1,042,100 | $31,253 | 2.1% | $16.69 | +56.2% | COM | 060505104 |
| USB | US BANCORP DEL | 600,000 | $30,300 | 2.1% | $39.92 | 0.0% | COM NEW | 902973304 |
| — | STERLING BANCORP DEL | 1,285,228 | $28,982 | 2.0% | $23.59 | — | COM | 85917A100 |
| MS | MORGAN STANLEY | 523,800 | $28,264 | 1.9% | $32.30 | +35.2% | COM NEW | 617446448 |
| — | CENTERSTATE BK CORP | 1,035,061 | $27,460 | 1.9% | $18.99 | — | COM | 15201P109 |
| SBNY | SIGNATURE BK NEW YORK N Y | 162,537 | $23,072 | 1.6% | $138.99 | — | COM | 82669G104 |
| ASB | ASSOCIATED BANC CORP | 910,042 | $22,615 | 1.5% | $17.68 | +6.9% | COM | 045487105 |
| IBCP | INDEPENDENT BANK CORP MICH | 950,000 | $21,755 | 1.5% | $9.36 | +83.7% | COM NEW | 453838609 |
| HOMB | HOME BANCSHARES INC | 905,188 | $20,647 | 1.4% | $23.84 | +0.5% | COM | 436893200 |
| ABCB | AMERIS BANCORP | 376,700 | $19,927 | 1.4% | $28.36 | +69.8% | COM | 03076K108 |
| — | SYNOVUS FINL CORP | 350,064 | $17,482 | 1.2% | $39.39 | — | COM NEW | 87161C501 |
| CFR | CULLEN FROST BANKERS INC | 157,800 | $16,738 | 1.1% | $67.57 | +22.4% | COM | 229899109 |
| OCFC | OCEANFIRST FINL CORP | 585,000 | $15,649 | 1.1% | $19.80 | +0.0% | COM | 675234108 |
| RJF | RAYMOND JAMES FINANCIAL INC | 165,000 | $14,753 | 1.0% | $55.10 | 0.0% | COM | 754730109 |
| BANC | BANC OF CALIFORNIA INC | 760,221 | $14,672 | 1.0% | $16.41 | +3.3% | COM | 05990K106 |
| UCB | UNITED CMNTY BKS BLAIRSVLE G | 447,200 | $14,154 | 1.0% | $22.68 | +38.0% | COM | 90984P303 |
| — | IBERIABANK CORP | 180,054 | $14,044 | 1.0% | $81.87 | — | COM | 450828108 |
| FHN | FIRST HORIZON NATL CORP | 720,172 | $13,561 | 0.9% | $13.98 | +5.1% | COM | 320517105 |
| VLY | VALLEY NATL BANCORP | 1,075,000 | $13,395 | 0.9% | $12.06 | +3.4% | COM | 919794107 |
| — | UNITED CMNTY FINL CORP OHIO | 1,357,964 | $13,390 | 0.9% | $6.10 | — | COM | 909839102 |
| ARCC | ARES CAP CORP | 830,000 | $13,172 | 0.9% | $7.41 | +0.8% | COM | 04010L103 |
| — | SUNTRUST BKS INC | 190,000 | $12,928 | 0.9% | $57.11 | — | COM | 867914103 |
| NTB | BANK OF NT BUTTERFIELD&SON L | 287,500 | $12,903 | 0.9% | $20.76 | +41.5% | SHS NEW | G0772R208 |
| TMHC | TAYLOR MORRISON HOME CORP | 552,500 | $12,862 | 0.9% | $23.75 | +5.0% | CL A | 87724P106 |
| PFBC | PREFERRED BK LOS ANGELES CA | 200,050 | $12,843 | 0.9% | $29.96 | +112.8% | COM NEW | 740367404 |
| — | SANDY SPRING BANCORP INC | 330,712 | $12,818 | 0.9% | $38.84 | — | COM | 800363103 |
| AMG | AFFILIATED MANAGERS GROUP | 66,700 | $12,645 | 0.9% | $150.69 | +25.9% | COM | 008252108 |
| — | CODORUS VY BANCORP INC | 449,462 | $12,639 | 0.9% | $25.04 | — | COM | 192025104 |
| — | E TRADE FINANCIAL CORP | 225,000 | $12,467 | 0.9% | $41.88 | — | COM NEW | 269246401 |
| — | LAZARD LTD | 235,100 | $12,357 | 0.8% | $52.54 | — | SHS A | G54050102 |
| HBAN | HUNTINGTON BANCSHARES INC | 800,200 | $12,083 | 0.8% | $9.25 | +19.1% | COM | 446150104 |
| — | EVANS BANCORP INC | 266,320 | $12,051 | 0.8% | $22.48 | — | COM NEW | 29911Q208 |
| WAL | WESTERN ALLIANCE BANCORP | 205,095 | $11,918 | 0.8% | $43.27 | +18.7% | COM | 957638109 |
| NTRS | NORTHERN TR CORP | 115,000 | $11,860 | 0.8% | $75.63 | +9.7% | COM | 665859104 |
| C | CITIGROUP INC | 170,000 | $11,475 | 0.8% | $36.45 | +58.1% | COM NEW | 172967424 |
| OSBC | OLD SECOND BANCORP INC ILL | 820,000 | $11,398 | 0.8% | $9.72 | +34.9% | COM | 680277100 |
| — | ZIONS BANCORPORATION | 680,200 | $11,223 | 0.8% | $3.40 | — | *W EXP 11/14/201 | 989701131 |
| FFBC | FIRST FINL BANCORP OH | 380,038 | $11,154 | 0.8% | $19.72 | +4.1% | COM | 320209109 |
| — | SVB FINL GROUP | 46,400 | $11,136 | 0.8% | $240.00 | — | COM | 78486Q101 |
| — | INVESTORS BANCORP INC NEW | 812,339 | $11,080 | 0.8% | $13.74 | — | COM | 46146L101 |
| FPH | FIVE POINT HOLDINGS LLC | 774,037 | $11,038 | 0.8% | $13.79 | +1.9% | COM CL A | 33833Q106 |
| PJT | PJT PARTNERS INC | 220,301 | $11,037 | 0.8% | $35.69 | +22.8% | COM CL A | 69343T107 |
| — | OLD LINE BANCSHARES INC | 332,000 | $10,956 | 0.7% | $32.25 | — | COM | 67984M100 |
| — | COMMUNITY BANKERS TR CORP | 1,215,000 | $10,935 | 0.7% | $6.70 | — | COM | 203612106 |
| — | SI FINL GROUP INC MD | 741,663 | $10,680 | 0.7% | $11.75 | — | COM | 78425V104 |
| MA | MASTERCARD INCORPORATED | 60,000 | $10,510 | 0.7% | $129.11 | +26.8% | CL A | 57636Q104 |
| JPM | JPMORGAN CHASE & CO | 95,000 | $10,447 | 0.7% | $91.43 | 0.0% | COM | 46625H100 |
| — | STERLING BANCORP INC | 757,245 | $10,230 | 0.7% | $12.78 | — | COM | 85917W102 |
| — | Business First Bankshares Inc. | 500,000 | $10,102 | 0.7% | $20.92 | — | COM | 9B999BFBI |
| — | FIRST BANCSHARES INC MS | 310,000 | $9,998 | 0.7% | $28.49 | — | COM | 318916103 |
| EFSC | ENTERPRISE FINL SVCS CORP | 211,023 | $9,897 | 0.7% | $34.53 | +18.8% | COM | 293712105 |
| PNC | PNC FINL SVCS GROUP INC | 65,000 | $9,831 | 0.7% | $118.19 | 0.0% | COM | 693475105 |
| V | VISA INC | 80,800 | $9,665 | 0.7% | $92.00 | +24.7% | COM CL A | 92826C839 |
| STBA | S & T BANCORP INC | 237,900 | $9,502 | 0.6% | $38.24 | +6.4% | COM | 783859101 |
| GS | GOLDMAN SACHS GROUP INC | 37,500 | $9,445 | 0.6% | $201.98 | +8.1% | COM | 38141G104 |
| — | FIRST DEFIANCE FINL CORP | 160,600 | $9,206 | 0.6% | $53.24 | — | COM | 32006W106 |
| — | JPMORGAN CHASE & CO | 131,300 | $9,132 | 0.6% | $48.65 | — | *W EXP 10/28/201 | 46634E114 |
| — | MAINSOURCE FINANCIAL GP INC | 220,000 | $8,943 | 0.6% | $17.74 | — | COM | 56062Y102 |
| — | ESSA BANCORP INC | 603,090 | $8,847 | 0.6% | $13.02 | — | COM | 29667D104 |
| — | Bay Banks of Virginia, Inc. | 869,829 | $8,437 | 0.6% | $5.70 | — | Not 13-F Security | 072035108 |
| — | CIVISTA BANCSHARES INC | 115,700 | $8,388 | 0.6% | $35.83 | — | 6.50% PFD SER B | 178867206 |
| — | LUTHER BURBANK CORP | 663,300 | $7,966 | 0.5% | $12.04 | — | COM | 550550107 |
| — | AMERICAN RIVER BANKSHARES | 505,354 | $7,838 | 0.5% | $9.42 | — | COM | 029326105 |
| MOFG | MIDWESTONE FINL GROUP INC NE | 235,000 | $7,823 | 0.5% | $35.44 | -6.8% | COM | 598511103 |
| QNBC | QNB Corporation | 173,130 | $7,626 | 0.5% | $40.03 | +12.2% | COM | 74726N107 |
| — | White River Bancshares Company | 113,113 | $7,476 | 0.5% | $64.69 | — | COM | 9B999WRBC |
| SFNC | SIMMONS 1ST NATL CORP | 255,010 | $7,255 | 0.5% | $28.66 | +2.1% | CL A $1 PAR | 828730200 |
| RF | REGIONS FINL CORP NEW | 385,000 | $7,153 | 0.5% | $9.68 | +43.6% | COM | 7591EP100 |
| RBB | RBB BANCORP | 265,673 | $7,006 | 0.5% | $22.55 | +17.6% | COM | 74930B105 |
| — | BOSTON PRIVATE FINL HLDGS IN | 465,180 | $7,001 | 0.5% | $12.00 | — | COM | 101119105 |
| PYPL | PAYPAL HLDGS INC | 90,000 | $6,828 | 0.5% | $54.83 | +44.3% | COM | 70450Y103 |
| — | GREAT WESTN BANCORP INC | 165,054 | $6,647 | 0.5% | $40.27 | — | COM | 391416104 |
| — | BRIGHTSPHERE INVESTMNT GRP P | 418,900 | $6,602 | 0.5% | $15.76 | — | SHS | G1644T109 |
| — | BRYN MAWR BK CORP | 149,100 | $6,553 | 0.4% | $36.51 | — | COM | 117665109 |
| HTB | HOMETRUST BANCSHARES INC | 247,404 | $6,445 | 0.4% | $17.00 | +53.9% | COM | 437872104 |
| COF | CAPITAL ONE FINL CORP | 67,200 | $6,439 | 0.4% | $70.19 | +23.8% | COM | 14040H105 |
| IVZ | INVESCO LTD | 199,100 | $6,373 | 0.4% | $21.36 | +10.6% | SHS | G491BT108 |
| — | ARES MGMT LP | 295,600 | $6,326 | 0.4% | $21.40 | — | COM SHS REG INT | 04014Y101 |
| FITB | FIFTH THIRD BANCORP | 196,700 | $6,245 | 0.4% | $18.09 | +33.8% | COM | 316773100 |
| HTBK | HERITAGE COMMERCE CORP | 370,000 | $6,098 | 0.4% | $16.19 | 0.0% | COM | 426927109 |
| IROQ | IF BANCORP INC | 302,000 | $6,040 | 0.4% | $16.15 | +23.9% | COM | 44951J105 |
| — | POAGE BANKSHARES INC | 316,981 | $6,023 | 0.4% | $15.96 | — | COM | 730206109 |
| HOPE | HOPE BANCORP INC | 330,237 | $6,007 | 0.4% | $17.58 | +5.4% | COM | 43940T109 |
| AVBH | Avidbank Holdings, Inc. | 254,998 | $5,995 | 0.4% | $16.06 | +51.2% | COM | 05368J103 |
| TCBI | TEXAS CAPITAL BANCSHARES INC | 65,012 | $5,845 | 0.4% | $93.78 | 0.0% | COM | 88224Q107 |
| ALRS | Alerus Financial Corp | 247,480 | $5,845 | 0.4% | $15.72 | +12.5% | Not 13-F Security | 01446U103 |
| — | BLACKROCK INC | 10,700 | $5,796 | 0.4% | $522.29 | — | COM | 09247X101 |
| — | PINNACLE FINL PARTNERS INC | 90,017 | $5,779 | 0.4% | $64.32 | — | COM | 72346Q104 |
| EWBC | EAST WEST BANCORP INC | 88,035 | $5,506 | 0.4% | $41.92 | +28.9% | COM | 27579R104 |
| — | CENTURY BANCORP INC MASS | 68,700 | $5,455 | 0.4% | $35.63 | — | CL A NON VTG | 156432106 |
| — | Standard AVB Financial Corp. | 181,600 | $5,430 | 0.4% | $28.25 | — | COM | 85303B100 |
| ISTR | INVESTAR HLDG CORP | 209,001 | $5,403 | 0.4% | $19.61 | +26.4% | COM | 46134L105 |
| — | UNITED FINL BANCORP INC NEW | 332,200 | $5,382 | 0.4% | $13.26 | — | COM | 910304104 |
| — | AMERICAN NATL BANKSHARES INC | 140,782 | $5,293 | 0.4% | $38.52 | — | COM | 027745108 |
| MRBK | MERIDIAN BK PAOLI PA | 307,800 | $5,273 | 0.4% | $7.26 | -2.4% | COM | 58958P104 |
| CFG | CITIZENS FINL GROUP INC | 125,000 | $5,248 | 0.4% | $32.31 | 0.0% | COM | 174610105 |
| — | First American International Corp. | 168,880 | $5,218 | 0.4% | $17.34 | — | COM | 31849X107 |
| — | BLACK KNIGHT INC | 110,000 | $5,181 | 0.4% | $44.15 | — | COM | 09215C105 |
| AIZ | ASSURANT INC | 55,000 | $5,028 | 0.3% | $78.65 | 0.0% | COM | 04621X108 |
| BUSE | FIRST BUSEY CORP | 165,000 | $4,904 | 0.3% | $22.49 | 0.0% | COM NEW | 319383204 |
| EQBK | EQUITY BANCSHARES INC | 120,000 | $4,699 | 0.3% | $28.74 | +21.0% | COM CL A | 29460X109 |
| TPH | TRI POINTE GROUP INC | 283,800 | $4,663 | 0.3% | $13.29 | +29.2% | COM | 87265H109 |
| CNOB | CONNECTONE BANCORP INC NEW | 161,109 | $4,640 | 0.3% | $20.00 | +20.5% | COM | 20786W107 |
| BWB | BRIDGEWATER BANCSHARES INC | 350,000 | $4,575 | 0.3% | $12.89 | 0.0% | COM ACCD INV | 108621103 |
| — | HOWARD HUGHES CORP | 32,500 | $4,522 | 0.3% | $137.34 | — | COM | 44267D107 |
| — | EATON VANCE CORP | 77,100 | $4,292 | 0.3% | $54.48 | — | COM NON VTG | 278265103 |
| BANF | BANCFIRST CORP | 80,000 | $4,248 | 0.3% | $46.38 | -0.1% | COM | 05945F103 |
| — | FNB CORP PA | 402,287 | $4,192 | 0.3% | $12.83 | — | *W $3.116 EXP 1/30/2019 | 302520945 |
| PBHC | PATHFINDER BANCORP INC MD | 269,561 | $4,166 | 0.3% | $8.26 | +57.3% | COM | 70319R109 |
| EBMT | EAGLE BANCORP MONT INC | 200,000 | $4,150 | 0.3% | $15.95 | +1.6% | COM | 26942G100 |
| OTTW | OTTAWA BANCORP INC | 300,200 | $4,119 | 0.3% | $9.10 | +15.3% | COM | 689195105 |
| — | HMN FINL INC | 277,778 | $3,875 | 0.3% | $12.95 | — | *W $4.68 EXP 12/23/2018 | 40424G975 |
| BKU | BANKUNITED INC | 96,500 | $3,858 | 0.3% | $27.22 | +18.1% | COM | 06652K103 |
| NRIM | NORTHRIM BANCORP INC | 110,000 | $3,801 | 0.3% | $4.15 | +53.4% | COM | 666762109 |
| VOYA | VOYA FINL INC | 75,000 | $3,788 | 0.3% | $46.39 | 0.0% | COM | 929089100 |
| HBNC | HORIZON BANCORP IND | 120,000 | $3,601 | 0.2% | $19.12 | +2.1% | COM | 440407104 |
| EQFN | EQUITABLE FINL CORP NEW | 335,721 | $3,525 | 0.2% | $8.46 | +26.9% | COM | 29448T105 |
| — | HOWARD BANCORP INC | 177,700 | $3,518 | 0.2% | $18.91 | — | COM | 442496105 |
| ESQ | ESQUIRE FINL HLDGS INC | 142,166 | $3,469 | 0.2% | $14.70 | +44.4% | COM | 29667J101 |
| SBCF | SEACOAST BKG CORP FLA | 129,240 | $3,421 | 0.2% | $13.60 | +94.4% | COM NEW | 811707801 |
| FMNB | FARMERS NATL BANC CORP | 243,069 | $3,367 | 0.2% | $10.47 | +1.5% | COM | 309627107 |
| SBFG | SB FINL GROUP INC | 181,203 | $3,353 | 0.2% | $17.69 | 0.0% | COM | 78408D105 |
| — | SOUTH ST CORP | 39,100 | $3,335 | 0.2% | $87.14 | — | COM | 840441109 |
| MCHB | HOMESTREET INC | 116,000 | $3,323 | 0.2% | $27.32 | +8.8% | COM | 43785V102 |
| — | LEGG MASON INC | 81,300 | $3,305 | 0.2% | $39.96 | — | COM | 524901105 |
| — | UNION BANKSHARES CORP NEW | 90,000 | $3,304 | 0.2% | $36.71 | — | COM | 90539J109 |
| SHBI | SHORE BANCSHARES INC | 175,000 | $3,301 | 0.2% | $17.92 | 0.0% | COM | 825107105 |
| — | SOUTHERN NATL BANCORP OF VA | 207,800 | $3,292 | 0.2% | $15.84 | — | COM | 843395104 |
| NVR | NVR INC | 1,158 | $3,242 | 0.2% | $3179.30 | 0.0% | COM | 62944T105 |
| FCCO | FIRST CMNTY CORP S C | 140,080 | $3,208 | 0.2% | $7.04 | +152.7% | COM | 319835104 |
| — | PB BANCORP INC | 301,430 | $3,180 | 0.2% | $8.40 | — | COM | 70454T100 |
| — | MB Bancorp, Inc. | 188,500 | $3,176 | 0.2% | $11.06 | — | COM | 55280E104 |
| CNNE | CANNAE HLDGS INC | 159,000 | $2,999 | 0.2% | $16.42 | +4.1% | COM | 13765N107 |
| — | Blackhawk Bancorp, Inc. | 107,797 | $2,975 | 0.2% | $20.57 | — | Not 13-F Security | 09237E204 |
| AMP | AMERIPRISE FINL INC | 20,000 | $2,959 | 0.2% | $136.98 | +2.2% | COM | 03076C106 |
| FMBH | FIRST MID ILL BANCSHARES INC | 78,010 | $2,843 | 0.2% | $30.14 | 0.0% | COM | 320866106 |
| — | AJS Bancorp, Inc. | 199,192 | $2,809 | 0.2% | $13.02 | — | COM | 001503101 |
| OPBK | OP BANCORP | 225,000 | $2,801 | 0.2% | $10.42 | 0.0% | COM | 67109R109 |
| — | LEGACY TEX FINL GROUP INC | 65,051 | $2,785 | 0.2% | $41.48 | — | COM | 52471Y106 |
| AIG | AMERICAN INTL GROUP INC | 50,000 | $2,721 | 0.2% | $48.06 | 0.0% | COM NEW | 026874784 |
| OVLY | OAK VALLEY BANCORP OAKDALE C | 120,547 | $2,688 | 0.2% | $11.45 | +89.0% | COM | 671807105 |
| — | GREENHILL & CO INC | 145,000 | $2,683 | 0.2% | $18.50 | — | COM | 395259104 |
| — | COMMUNITY WEST BANCSHARES | 233,945 | $2,655 | 0.2% | $7.03 | — | COM | 204157101 |
| — | MELROSE BANCORP INC | 129,132 | $2,647 | 0.2% | $13.31 | — | COM | 585553100 |
| BOTJ | BANK OF THE ST JAMES FINL GP | 167,800 | $2,566 | 0.2% | $8.74 | +29.6% | COM | 470299108 |
| FRME | FIRST MERCHANTS CORP | 60,102 | $2,506 | 0.2% | $33.20 | 0.0% | COM | 320817109 |
| MCBI | Mountain Commerce Bancorp, Inc. | 187,500 | $2,489 | 0.2% | $12.83 | +29.3% | Not 13-F Security | 624004107 |
| HNNA | HENNESSY ADVISORS INC | 125,662 | $2,425 | 0.2% | $15.68 | +14.4% | COM | 425885100 |
| — | Central Federal Bancshares, Inc. | 166,200 | $2,405 | 0.2% | $10.84 | — | Not 13-F Security | 15346T107 |
| FNF | FIDELITY NATIONAL FINANCIAL | 60,000 | $2,401 | 0.2% | $19.62 | +39.0% | FNF GROUP COM | 31620R303 |
| — | Pilgrim Bancshares, Inc. | 120,800 | $2,386 | 0.2% | $11.30 | — | COM | 72143J105 |
| FISI | FINANCIAL INSTNS INC | 80,100 | $2,371 | 0.2% | $21.15 | +3.5% | COM | 317585404 |
| SMBC | SOUTHERN MO BANCORP INC | 60,000 | $2,196 | 0.1% | $18.38 | +74.2% | COM | 843380106 |
| FSBW | FS BANCORP INC | 40,000 | $2,140 | 0.1% | $19.41 | +18.2% | COM | 30263Y104 |
| — | GUARANTY FED BANCSHARES INC | 83,900 | $1,972 | 0.1% | $15.25 | — | COM | 40108P101 |
| — | HAMILTON BANCORP INC MD | 138,000 | $1,967 | 0.1% | $13.24 | — | COM | 407015106 |
| — | SUNTRUST BKS INC | 53,402 | $1,882 | 0.1% | $21.52 | — | *W EXP 12/31/201 | 867914129 |
| HTH | HILLTOP HOLDINGS INC | 80,132 | $1,880 | 0.1% | $24.79 | +2.2% | COM | 432748101 |
| PLBC | PLUMAS BANCORP | 75,000 | $1,868 | 0.1% | $18.17 | +33.0% | COM | 729273102 |
| — | HMN FINL INC | 100,000 | $1,855 | 0.1% | $12.83 | — | COM | 40424G108 |
| — | TWO HBRS INVT CORP | 120,000 | $1,844 | 0.1% | $16.26 | — | COM NEW | 90187B408 |
| BSRR | SIERRA BANCORP | 66,027 | $1,759 | 0.1% | $20.29 | +0.7% | COM | 82620P102 |
| GPMT | GRANITE PT MTG TR INC | 103,261 | $1,708 | 0.1% | $17.74 | — | COM | 38741L107 |
| BFC | Bank First National Corp. | 36,142 | $1,672 | 0.1% | $36.85 | +6.5% | Not 13-F Security | 06211J100 |
| CIVB | CIVISTA BANCSHARES INC | 69,063 | $1,579 | 0.1% | $17.19 | +4.6% | COM NO PAR | 178867107 |
| — | SB FINL GROUP INC | 80,300 | $1,465 | 0.1% | $11.25 | — | DEP SHS PFD 6.5% | 78408D204 |
| NMIH | NMI HLDGS INC | 85,000 | $1,407 | 0.1% | $18.62 | 0.0% | CL A | 629209305 |
| — | PNC FINL SVCS GROUP INC | 16,500 | $1,386 | 0.1% | $50.50 | — | *W EXP 12/31/201 | 693475121 |
| WNEB | WESTERN NEW ENG BANCORP INC | 130,000 | $1,385 | 0.1% | $6.49 | +30.1% | COM | 958892101 |
| — | SUMMIT FINANCIAL GROUP INC | 55,000 | $1,376 | 0.1% | $25.33 | — | COM | 86606G101 |
| — | New Bancorp, Inc. | 66,200 | $1,364 | 0.1% | $13.00 | — | COM | 642142103 |
| UBFO | UNITED SECURITY BANCSHARES C | 125,000 | $1,344 | 0.1% | $3.28 | +112.2% | COM | 911460103 |
| FFBB | Communities First Financial Corporation | 62,592 | $1,311 | 0.1% | $16.83 | +21.2% | Not 13-F Security | 20344D104 |
| — | SANTANDER CONSUMER USA HDG I | 80,000 | $1,304 | 0.1% | $16.30 | — | COM | 80283M101 |
| TMP | TOMPKINS FINANCIAL CORPORATI | 15,000 | $1,136 | 0.1% | $61.67 | 0.0% | COM | 890110109 |
| — | Sunnyside Bancorp, Inc. | 64,871 | $1,051 | 0.1% | $10.20 | — | COM | 867475105 |
| AMBZ | American Business Bank | 25,507 | $1,020 | 0.1% | $37.57 | +4.6% | Not 13-F Security | 02475L105 |
| FIEB | First IC Corporation | 90,685 | $988 | 0.1% | $8.45 | — | COM | 32058J102 |
| — | Sugar Creek Financial Corporation | 78,575 | $953 | 0.1% | $10.13 | — | COM | 86481Y102 |
| — | BENEFICIAL BANCORP INC | 60,000 | $933 | 0.1% | $15.55 | — | COM | 08171T102 |
| — | BANK COMM HLDGS | 80,000 | $932 | 0.1% | $11.65 | — | COM | 06424J103 |
| AMH | AMERICAN HOMES 4 RENT | 46,310 | $930 | 0.1% | $20.08 | — | CL A | 02665T306 |
| — | Best Hometown Bancorp, Inc. | 80,000 | $904 | 0.1% | $11.42 | — | Not 13-F Security | 08652N103 |
| WLFC | WILLIS LEASE FINANCE CORP | 25,000 | $857 | 0.1% | $14.76 | +87.3% | COM | 970646105 |
| TOWN | TOWNEBANK PORTSMOUTH VA | 25,000 | $715 | 0.0% | $30.05 | 0.0% | COM | 89214P109 |
| — | West End Indiana Bancshares, Inc. | 22,800 | $657 | 0.0% | $19.76 | — | COM | 952678100 |
| — | TWO RIV BANCORP | 28,610 | $516 | 0.0% | $9.82 | — | COM | 90207C105 |
| AROW | ARROW FINL CORP | 15,000 | $509 | 0.0% | $22.92 | 0.0% | COM | 042744102 |
| MC | MOELIS & CO | 10,000 | $509 | 0.0% | $28.96 | 0.0% | CL A | 60786M105 |
| — | FFBW INC | 45,156 | $485 | 0.0% | $10.94 | — | COM | 30258M107 |
| PEBK | PEOPLES BANCORP N C INC | 15,263 | $469 | 0.0% | $29.78 | +1.2% | COM | 710577107 |
| CAC | CAMDEN NATL CORP | 10,200 | $454 | 0.0% | $31.99 | 0.0% | COM | 133034108 |
| ATLO | AMES NATL CORP | 15,188 | $418 | 0.0% | $19.70 | -0.3% | COM | 031001100 |
| — | CAROLINA FINL CORP NEW | 10,083 | $396 | 0.0% | $39.27 | — | COM | 143873107 |
| HRGG | Heritage Nola Bancorp, Inc. | 28,935 | $347 | 0.0% | $11.94 | +0.8% | Not 13-F Security | 42727P108 |
| — | STATE BK FINL CORP | 10,000 | $300 | 0.0% | $15.87 | — | COM | 856190103 |
| — | HARBORONE BANCORP INC | 12,918 | $228 | 0.0% | $17.65 | — | COM | 41165F101 |
| CIZN | CITIZENS HLDG CO MISS | 10,041 | $219 | 0.0% | $15.91 | -5.5% | COM | 174715102 |
| WT | WISDOMTREE INVTS INC | 20,000 | $183 | 0.0% | $10.80 | 0.0% | COM | 97717P104 |
| PROV | PROVIDENT FINL HLDGS INC | 10,000 | $181 | 0.0% | $18.38 | 0.0% | COM | 743868101 |
| — | Cortland Bancorp | 6,998 | $161 | 0.0% | $20.43 | — | Not 13-F Security | 220587109 |
| — | Pioneer Bancshares, Inc. | 4,028 | $117 | 0.0% | $24.58 | — | Not 13-F Security | 72357G102 |
| KRE | SPDR SERIES TRUST | 1,760 | $106 | 0.0% | $58.81 | — | S&P REGL BKG | 78464A698 |
| — | CADENCE BANCORPORATION | 3,800 | $103 | 0.0% | $27.11 | — | CL A | 12739A100 |
| — | ATLANTIC CAP BANCSHARES INC | 1,105 | $20 | 0.0% | $18.10 | — | COM | 048269203 |
| — | State Bank Corporation | 800 | $10 | 0.0% | $12.50 | — | Not 13-F Security | 856121108 |