Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	TAYLOR CAP GROUP INC	517,888	$12.39M	11.8%	$26.58	—	COM	876851106
BAC	BANK OF AMERICA CORPORATION	481,334	$8.279M	7.9%	$12.02	+10.2%	COM	060505104
CNO	CNO FINL GROUP INC	294,171	$5.324M	5.1%	$12.54	+12.5%	COM	12621E103
PNC	PNC FINL SVCS GROUP INC	46,366	$4.034M	3.8%	$51.88	+9.5%	COM	693475105
—	M & T BK CORP	76,254	$3.645M	3.5%	$43.32	—	*W EXP 12/23/201	55261F112
—	CAPITAL ONE FINL CORP	102,256	$3.615M	3.4%	$35.44	—	*W EXP 11/14/201	14040H139
—	JPMORGAN CHASE & CO	127,489	$2.575M	2.5%	$19.47	—	*W EXP 10/28/201	46634E114
—	BB&T CORP	62,656	$2.517M	2.4%	$37.31	—	COM	054937107
KEY	KEYCORP NEW	162,960	$2.321M	2.2%	$8.05	+6.3%	COM	493267108
—	COMERICA INC	95,642	$2.142M	2.0%	$19.05	—	*W EXP 11/14/201	200340115
FITB	FIFTH THIRD BANCORP	88,386	$2.029M	1.9%	$13.07	+11.8%	COM	316773100
—	SOUTHERN NATL BANCORP OF VA	189,055	$1.926M	1.8%	$10.03	—	COM	843395104
—	SYNOVUS FINL CORP	575,323	$1.906M	1.8%	$3.49	—	COM	87161C105
NWBI	NORTHWEST BANCSHARES INC MD	127,217	$1.857M	1.8%	$6.88	+2.9%	COM	667340103
COF	CAPITAL ONE FINL CORP	23,310	$1.778M	1.7%	$57.38	+3.4%	COM	14040H105
—	INVESTORS BANCORP INC	60,871	$1.682M	1.6%	$25.58	—	COM	46146P102
BAC	BANK OF AMERICA CORPORATION	225,400	$1.537M	1.5%	$12.02	+10.2%	Call	060505104
SBCF	SEACOAST BKG CORP FLA	137,526	$1.513M	1.4%	$11.25	+1.2%	COM NEW	811707801
—	HARTFORD FINL SVCS GROUP INC	49,955	$1.332M	1.3%	$27.52	—	*W EXP 06/26/201	416515120
NBTB	NBT BANCORP INC	53,997	$1.321M	1.3%	$24.54	-1.4%	COM	628778102
PEG	PUBLIC SVC ENTERPRISE GROUP	34,300	$1.308M	1.2%	$21.50	+5.5%	COM	744573106
JPM	JPMORGAN CHASE & CO	20,634	$1.253M	1.2%	$39.63	+6.2%	COM	46625H100
JPM	JPMORGAN CHASE & CO	103,100	$1.236M	1.2%	$39.63	+6.2%	Call	46625H100
HWC	HANCOCK HLDG CO	31,683	$1.161M	1.1%	$33.72	+5.3%	COM	410120109
C	CITIGROUP INC	23,375	$1.112M	1.1%	$37.66	-1.6%	COM NEW	172967424
—	SUNTRUST BKS INC	27,098	$1.078M	1.0%	$36.80	—	COM	867914103
USB	US BANCORP DEL	24,800	$1.063M	1.0%	$25.38	+7.7%	COM NEW	902973304
—	QEP RES INC	72,800	$863K	0.8%	$11.85	—	COM	74733V100
MET	METLIFE INC	15,280	$807K	0.8%	$30.13	+3.1%	COM	59156R108
THG	HANOVER INS GROUP INC	13,026	$800K	0.8%	$42.09	-0.1%	COM	410867105
—	HAMPTON ROADS BANKSHARES INC	502,698	$799K	0.8%	$1.73	—	COM NEW	409321502
—	CIT GROUP INC	16,100	$789K	0.8%	$52.11	—	COM NEW	125581801
—	LEADING BRANDS INC	195,189	$775K	0.7%	$3.87	—	COM NEW	52170U207
—	RITE AID CORP	118,992	$746K	0.7%	$5.06	—	COM	767754104
HBAN	HUNTINGTON BANCSHARES INC	74,330	$741K	0.7%	$5.68	+6.3%	COM	446150104
WFC	WELLS FARGO & CO NEW	62,500	$723K	0.7%	$30.76	+8.6%	Call	949746101
—	PARTNERRE LTD	6,761	$700K	0.7%	$105.46	—	COM	G6852T105
—	HUDSON VALLEY HOLDING CORP	36,043	$687K	0.7%	$20.22	—	COM	444172100
—	UNITED FINANCIAL BANCORP INC	36,323	$668K	0.6%	$18.89	—	COM	91030T109
EFSC	ENTERPRISE FINL SVCS CORP	33,049	$663K	0.6%	$15.16	+3.5%	COM	293712105
—	BANK OF AMERICA CORPORATION	73,241	$602K	0.6%	$6.47	—	*W EXP 01/16/201	060505146
MS	MORGAN STANLEY	18,851	$588K	0.6%	$22.07	+2.9%	COM NEW	617446448
IMPM	IMPAC MTG HLDGS INC	96,365	$577K	0.5%	$6.73	-2.8%	COM NEW	45254P508
—	QEP RES INC	172,100	$550K	0.5%	$11.85	—	Call	74733V100
MS	MORGAN STANLEY	44,000	$538K	0.5%	$22.07	+2.9%	Call	617446448
—	MERIDIAN INTERSTAT BANCORP I	20,767	$531K	0.5%	$23.39	—	COM	58964Q104
—	WELLS FARGO & CO NEW	26,400	$492K	0.5%	$15.91	—	*W EXP 10/28/201	949746119
—	CONNECTONE BANCORP INC	10,000	$490K	0.5%	$39.60	—	COM	20786U101
—	FIRST DEFIANCE FINL CORP	17,541	$475K	0.5%	$27.08	—	COM	32006W106
—	DISCOVER FINL SVCS	8,000	$466K	0.4%	$56.00	—	COM	254709108
AXP	AMERICAN EXPRESS CO	35,000	$464K	0.4%	$75.50	0.0%	Call	025816109
—	BB&T CORP	46,100	$461K	0.4%	$37.31	—	Call	054937107
HAFC	HANMI FINL CORP	19,473	$454K	0.4%	$18.99	+19.3%	COM NEW	410495204
BPOP	POPULAR INC	14,584	$452K	0.4%	$20.37	+5.3%	COM NEW	733174700
—	SUSQUEHANNA BANCSHARES INC P	38,647	$439K	0.4%	$12.83	—	COM	869099101
—	GENERAL ELECTRIC CO	80,000	$436K	0.4%	—	—	Call	369604103
ALL	ALLSTATE CORP	7,600	$430K	0.4%	$41.10	+1.1%	COM	020002101
STT	STATE STR CORP	6,100	$424K	0.4%	$50.63	-0.9%	COM	857477103
CMA	COMERICA INC	7,850	$406K	0.4%	$28.67	+10.0%	COM	200340107
—	LEGG MASON INC	8,200	$402K	0.4%	$43.54	—	COM	524901105
—	ESSA BANCORP INC	36,132	$393K	0.4%	$11.25	—	COM	29667D104
MET	METLIFE INC	35,400	$379K	0.4%	$30.13	+3.1%	Call	59156R108
AIG	AMERICAN INTL GROUP INC	7,520	$376K	0.4%	$37.86	-0.0%	COM NEW	026874784
—	XL GROUP PLC	12,000	$375K	0.4%	$31.25	—	SHS	G98290102
—	DISCOVER FINL SVCS	28,100	$371K	0.4%	$56.00	—	Call	254709108
—	MONARCH FINANCIAL HOLDINGS I	29,420	$361K	0.3%	$12.30	—	COM	60907Q100
GNE	GENIE ENERGY LTD	35,739	$356K	0.3%	$11.22	-8.1%	CL B	372284208
—	ENDURANCE SPECIALTY HLDGS LT	6,600	$355K	0.3%	$58.64	—	SHS	G30397106
—	BBCN BANCORP INC	19,981	$342K	0.3%	$16.57	—	COM	073295107
—	C&J ENERGY SVCS INC	11,500	$335K	0.3%	$23.13	—	COM	12467B304
LNC	LINCOLN NATL CORP IND	6,600	$334K	0.3%	$31.80	+5.3%	COM	534187109
META	FACEBOOK INC	5,500	$331K	0.3%	$49.86	+26.2%	CL A	30303M102
FITB	FIFTH THIRD BANCORP	74,000	$330K	0.3%	$13.07	+11.8%	Call	316773100
PNC	PNC FINL SVCS GROUP INC	12,000	$321K	0.3%	$51.88	+9.5%	Call	693475105
—	ACE LTD	33,200	$315K	0.3%	$103.41	—	Call	H0023R105
—	TECHE HLDG CO	3,631	$287K	0.3%	$79.04	—	COM	878330109
—	PNC FINL SVCS GROUP INC	11,890	$281K	0.3%	$17.75	—	*W EXP 12/31/201	693475121
PFBX	PEOPLES FINL CORP MISS	21,000	$279K	0.3%	$11.10	+6.1%	COM	71103B102
WFC	WELLS FARGO & CO NEW	5,619	$279K	0.3%	$30.76	+8.6%	COM	949746101
TRV	TRAVELERS COMPANIES INC	26,600	$276K	0.3%	$66.77	-3.2%	Call	89417E109
—	BROOKLINE BANCORP INC DEL	28,505	$269K	0.3%	$9.54	—	COM	11373M107
LEN	LENNAR CORP	6,600	$261K	0.2%	$30.45	+13.4%	CL A	526057104
—	ALLIED WRLD ASSUR COM HLDG A	2,500	$258K	0.2%	$112.80	—	SHS	H01531104
T	AT&T INC	7,295	$256K	0.2%	$11.17	-2.9%	COM	00206R102
ALL	ALLSTATE CORP	25,000	$254K	0.2%	$41.10	+1.1%	Call	020002101
CERS	CERUS CORP	51,837	$249K	0.2%	$6.38	+0.7%	COM	157085101
—	MAIDEN HOLDINGS LTD	19,500	$243K	0.2%	$12.46	—	SHS	G5753U112
—	MIDSOUTH BANCORP INC	14,042	$236K	0.2%	$17.87	—	COM	598039105
BDX	BECTON DICKINSON & CO	2,000	$234K	0.2%	$85.77	+6.6%	COM	075887109
KEY	KEYCORP NEW	30,000	$216K	0.2%	$8.05	+6.3%	Call	493267108
C	CITIGROUP INC	22,800	$215K	0.2%	$37.66	-1.6%	Call	172967424
DVN	DEVON ENERGY CORP NEW	3,200	$214K	0.2%	$41.69	0.0%	COM	25179M103
—	MADISON SQUARE GARDEN CO	3,667	$208K	0.2%	$57.54	—	CL A	55826P100
—	SOUTHCOAST FINANCIAL CORP	28,079	$205K	0.2%	$6.06	—	COM	84129R100
—	BED BATH & BEYOND INC	15,000	$194K	0.2%	—	—	Call	075896100
WSBF	WATERSTONE FINL INC MD	18,561	$193K	0.2%	$10.47	0.0%	COM	94188P101
BMY	BRISTOL MYERS SQUIBB CO	20,000	$192K	0.2%	$34.16	+5.2%	Call	110122108
—	PEOPLES UNITED FINANCIAL INC	12,937	$192K	0.2%	$15.12	—	COM	712704105
SWKS	SKYWORKS SOLUTIONS INC	10,000	$175K	0.2%	—	—	Call	83088M102
—	FIRST CLOVER LEAF FIN CORP	17,752	$169K	0.2%	$9.80	—	COM	31969M105
—	HUDSON CITY BANCORP	17,000	$167K	0.2%	$9.46	—	COM	443683107
MRK	MERCK & CO INC NEW	10,000	$167K	0.2%	—	—	Call	58933Y105
—	KEARNY FINL CORP	10,946	$162K	0.2%	$14.80	—	COM	487169104
—	INVENSENSE INC	15,000	$158K	0.2%	—	—	Call	46123D205
ABT	ABBOTT LABS	20,000	$149K	0.1%	—	—	Call	002824100
BMY	BRISTOL MYERS SQUIBB CO	2,800	$145K	0.1%	$34.16	+5.2%	COM	110122108
MSFT	MICROSOFT CORP	15,200	$145K	0.1%	—	—	Call	594918104
—	SUNTRUST BKS INC	10,000	$127K	0.1%	$36.80	—	Call	867914103
—	YOU ON DEMAND HLDGS INC	27,121	$123K	0.1%	$2.25	—	COM NEW	98741R207
—	CLIFTON SVGS BANCORP INC	10,000	$117K	0.1%	$11.70	—	COM	18712Q103
—	EASTERN VA BANKSHARES INC	16,000	$103K	0.1%	$7.00	—	COM	277196101
TRV	TRAVELERS COMPANIES INC	1,200	$102K	0.1%	$66.77	-3.2%	COM	89417E109
—	ACE LTD	996	$99,000	0.1%	$103.41	—	SHS	H0023R105
—	CIT GROUP INC	15,000	$98,000	0.1%	$52.11	—	Call	125581801
HUN	HUNTSMAN CORP	15,000	$96,000	0.1%	—	—	Call	447011107
—	SUNTRUST BKS INC	7,354	$80,000	0.1%	$9.79	—	*W EXP 12/31/201	867914129
—	TOTAL SYS SVCS INC	10,000	$75,000	0.1%	$33.54	—	Call	891906109
—	BARCLAYS BK PLC	47,100	$72,000	0.1%	—	—	Call	06742E711
—	E M C CORP MASS	15,000	$67,000	0.1%	—	—	Call	268648102
DVN	DEVON ENERGY CORP NEW	3,000	$49,000	0.0%	$41.69	0.0%	Call	25179M103
HOLX	HOLOGIC INC	11,000	$46,000	0.0%	—	—	Call	436440101
—	DENBURY RES INC	15,000	$40,000	0.0%	—	—	Call	247916208
CSCO	CISCO SYS INC	10,000	$35,000	0.0%	—	—	Call	17275R102
—	XEROX CORP	15,000	$33,000	0.0%	$12.20	—	Call	984121103
—	STAPLES INC	20,000	$33,000	0.0%	—	—	Call	855030102
—	PATRIOT NATL BANCORP INC	24,285	$31,000	0.0%	$1.03	—	COM	70336F104
AXP	AMERICAN EXPRESS CO	300	$27,000	0.0%	$75.50	0.0%	COM	025816109
—	TALISMAN ENERGY INC	20,000	$22,000	0.0%	—	—	Call	87425E103
—	TOTAL SYS SVCS INC	477	$15,000	0.0%	$33.54	—	COM	891906109
—	AMERICAN INTL GROUP INC	442	$9,000	0.0%	$20.36	—	*W EXP 01/19/202	026874156
—	XEROX CORP	300	$3,000	0.0%	$12.20	—	COM	984121103