Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	MB FINANCIAL INC NEW	255,114	$8.383M	7.1%	$32.86	$29.85	—	COM	55264U108
BAC	BANK AMER CORP	414,172	$7.409M	6.2%	$17.89 *	$12.09	+17.4%	COM	060505104
CNO	CNO FINL GROUP INC	319,173	$5.496M	4.6%	$17.22 *	$12.64	+8.2%	COM	12621E103
—	M & T BK CORP	82,645	$4.27M	3.6%	$51.67	$43.45	—	*W EXP 12/23/201	55261F112
—	CAPITAL ONE FINL CORP	102,756	$4.225M	3.6%	$41.12	$35.44	—	*W EXP 11/14/201	14040H139
PNC	PNC FINL SVCS GROUP INC	41,661	$3.801M	3.2%	$91.24 *	$51.88	+24.6%	COM	693475105
COF	CAPITAL ONE FINL CORP	33,938	$2.802M	2.4%	$82.56 *	$60.38	+12.0%	COM	14040H105
—	JPMORGAN CHASE & CO	132,139	$2.748M	2.3%	$20.80	$19.46	—	*W EXP 10/28/201	46634E114
—	SYNOVUS FINL CORP	93,277	$2.527M	2.1%	$27.09	$24.53	—	COM NEW	87161C501
—	BB&T CORP	62,741	$2.44M	2.1%	$38.89	$37.31	—	COM	054937107
—	SOUTH ST CORP	33,836	$2.27M	1.9%	$67.09	$60.08	—	COM	840441109
—	RITE AID CORP	292,507	$2.199M	1.9%	$7.52	$5.46	—	COM	767754104
—	SOUTHERN NATL BANCORP OF VA	189,055	$2.144M	1.8%	$11.34	$10.03	—	COM	843395104
FITB	FIFTH THIRD BANCORP	103,386	$2.106M	1.8%	$20.37 *	$13.25	+5.7%	COM	316773100
—	MERIDIAN BANCORP INC MD	182,413	$2.047M	1.7%	$11.22	$11.11	—	COM	58958U103
KEY	KEYCORP NEW	142,760	$1.984M	1.7%	$13.90 *	$8.05	+12.2%	COM	493267108
SBCF	SEACOAST BKG CORP FLA	136,564	$1.878M	1.6%	$13.75	$11.22	+22.6%	COM NEW	811707801
—	INVESTORS BANCORP INC NEW	167,217	$1.877M	1.6%	$11.22	$10.99	—	COM	46146L101
—	HARTFORD FINL SVCS GROUP INC	52,155	$1.768M	1.5%	$33.90	$27.51	—	*W EXP 06/26/201	416515120
—	COMERICA INC	95,642	$1.717M	1.4%	$17.95	$19.05	—	*W EXP 11/14/201	200340115
NBTB	NBT BANCORP INC	53,997	$1.418M	1.2%	$26.26	$24.54	+7.1%	COM	628778102
BAC	BANK AMER CORP	212,400	$1.393M	1.2%	$6.56 *	$12.09	+17.4%	Call	060505104
PEG	PUBLIC SVC ENTERPRISE GROUP	32,700	$1.354M	1.1%	$41.41 *	$21.50	+31.2%	COM	744573106
JPM	JPMORGAN CHASE & CO	103,100	$1.311M	1.1%	$12.72 *	$44.70	+4.0%	Call	46625H100
JPM	JPMORGAN CHASE & CO	20,534	$1.285M	1.1%	$62.58 *	$44.70	+4.0%	COM	46625H100
—	HUDSON VALLEY HOLDING CORP	46,732	$1.269M	1.1%	$27.15	$21.80	—	COM	444172100
C	CITIGROUP INC	22,823	$1.235M	1.0%	$54.11 *	$37.66	+7.0%	COM NEW	172967424
—	ESSA BANCORP INC	99,371	$1.193M	1.0%	$12.01	$11.56	—	COM	29667D104
HWC	HANCOCK HLDG CO	38,483	$1.181M	1.0%	$30.69	$33.51	-8.4%	COM	410120109
—	SUNTRUST BKS INC	26,620	$1.116M	0.9%	$41.92	$36.80	—	COM	867914103
USB	US BANCORP DEL	24,800	$1.115M	0.9%	$44.96 *	$25.38	+20.5%	COM NEW	902973304
NWBI	NORTHWEST BANCSHARES INC MD	84,119	$1.055M	0.9%	$12.54 *	$6.88	-0.5%	COM	667340103
MS	MORGAN STANLEY	26,375	$1.023M	0.9%	$38.79 *	$22.26	+29.3%	COM NEW	617446448
CERS	CERUS CORP	154,837	$966K	0.8%	$6.24	$4.93	+26.5%	COM	157085101
THG	HANOVER INS GROUP INC	13,026	$929K	0.8%	$71.32 *	$42.09	+24.6%	COM	410867105
—	HAMPTON ROADS BANKSHARES INC	509,130	$855K	0.7%	$1.68	$1.73	—	COM NEW	409321502
WFC	WELLS FARGO & CO NEW	75,700	$849K	0.7%	$11.22 *	$30.76	+30.8%	Call	949746101
MET	METLIFE INC	15,280	$826K	0.7%	$54.06 *	$30.13	+10.6%	COM	59156R108
—	PARTNERRE LTD	6,761	$772K	0.6%	$114.18	$105.46	—	COM	G6852T105
RF	REGIONS FINL CORP NEW	69,785	$737K	0.6%	$10.56 *	$7.02	+2.7%	COM	7591EP100
—	UNITED FINL BANCORP INC NEW	48,926	$703K	0.6%	$14.37	$13.55	—	COM	910304104
TRV	TRAVELERS COMPANIES INC	33,200	$698K	0.6%	$21.02 *	$72.50	+14.6%	Call	89417E109
—	LEADING BRANDS INC	198,394	$694K	0.6%	$3.50	$3.85	—	COM NEW	52170U207
SWKS	SKYWORKS SOLUTIONS INC	14,000	$678K	0.6%	$48.43	—	—	Call	83088M102
HBAN	HUNTINGTON BANCSHARES INC	64,330	$676K	0.6%	$10.51 *	$5.68	+20.2%	COM	446150104
MS	MORGAN STANLEY	45,300	$666K	0.6%	$14.70 *	$22.26	+29.3%	Call	617446448
EFSC	ENTERPRISE FINL SVCS CORP	33,249	$656K	0.6%	$19.73 *	$15.16	+8.0%	COM	293712105
—	BANK AMER CORP	88,241	$621K	0.5%	$7.04	$6.57	—	*W EXP 01/16/201	060505146
—	FIRST DEFIANCE FINL CORP	17,541	$598K	0.5%	$34.09	$27.08	—	COM	32006W106
—	STERLING BANCORP DEL	40,509	$582K	0.5%	$14.37	$13.73	—	COM	85917A100
—	HUDSON CITY BANCORP	55,924	$565K	0.5%	$10.10	$9.94	—	COM	443683107
—	WELLS FARGO & CO NEW	26,400	$564K	0.5%	$21.36	$15.91	—	*W EXP 10/28/201	949746119
IMPM	IMPAC MTG HLDGS INC	88,375	$548K	0.5%	$6.20 *	$6.73	-12.5%	COM NEW	45254P508
—	STATE BK FINL CORP	27,200	$544K	0.5%	$20.00	$17.76	—	COM	856190103
—	YOU ON DEMAND HLDGS INC	50,433	$537K	0.5%	$10.65	$6.36	—	COM NEW	98741R207
ALL	ALLSTATE CORP	7,600	$534K	0.4%	$70.26 *	$41.21	+34.3%	COM	020002101
—	SOUTHCOAST FINANCIAL CORP	73,079	$515K	0.4%	$7.05	$6.67	—	COM	84129R100
—	FIRST SEC GROUP INC	233,808	$514K	0.4%	$2.20	$2.15	—	COM NEW	336312202
—	MIDSOUTH BANCORP INC	29,474	$510K	0.4%	$17.30	$17.58	—	COM	598039105
CNOB	CONNECTONE BANCORP INC NEW	25,500	$485K	0.4%	$19.02 *	$15.18	-1.2%	COM	20786W107
STT	STATE STR CORP	6,100	$479K	0.4%	$78.52 *	$50.63	+14.3%	COM	857477103
—	BB&T CORP	71,600	$470K	0.4%	$6.56	$37.31	—	Call	054937107
—	UNITED CMNTY BANCORP IND	40,000	$466K	0.4%	$11.65	$11.66	—	COM	90984R101
BK	BANK NEW YORK MELLON CORP	45,000	$441K	0.4%	$9.80 *	$29.75	+3.8%	Call	064058100
—	LEGG MASON INC	8,200	$438K	0.4%	$53.41	$43.54	—	COM	524901105
—	DISCOVER FINL SVCS	26,400	$432K	0.4%	$16.36	$56.00	—	Call	254709108
META	FACEBOOK INC	5,500	$429K	0.4%	$78.00	$49.86	+55.4%	CL A	30303M102
—	DISCOVER FINL SVCS	6,500	$426K	0.4%	$65.54	$56.00	—	COM	254709108
AIG	AMERICAN INTL GROUP INC	7,520	$421K	0.4%	$55.98 *	$37.86	+13.6%	COM NEW	026874784
HAFC	HANMI FINL CORP	19,214	$419K	0.4%	$21.81	$18.99	+14.9%	COM NEW	410495204
—	XL GROUP PLC	12,000	$413K	0.3%	$34.42	$31.25	—	SHS	G98290102
—	MONARCH FINANCIAL HOLDINGS I	29,420	$404K	0.3%	$13.73	$12.30	—	COM	60907Q100
—	SUSQUEHANNA BANCSHARES INC P	29,373	$395K	0.3%	$13.45	$12.83	—	COM	869099101
—	ENDURANCE SPECIALTY HLDGS LT	6,600	$395K	0.3%	$59.85	$58.64	—	SHS	G30397106
—	WESTFIELD FINANCIAL INC NEW	53,333	$392K	0.3%	$7.35	$7.35	—	COM	96008P104
—	CIT GROUP INC	8,200	$392K	0.3%	$47.80	$52.11	—	COM NEW	125581801
LNC	LINCOLN NATL CORP IND	6,600	$381K	0.3%	$57.73 *	$31.80	+21.9%	COM	534187109
AIG	AMERICAN INTL GROUP INC	28,400	$376K	0.3%	$13.24 *	$37.86	+13.6%	Call	026874784
PRU	PRUDENTIAL FINL INC	15,000	$375K	0.3%	$25.00	—	—	Call	744320102
BPOP	POPULAR INC	10,982	$374K	0.3%	$34.06 *	$20.37	+26.0%	COM NEW	733174700
NXPI	NXP SEMICONDUCTORS N V	10,400	$359K	0.3%	$34.52	—	—	Call	N6596X109
—	MAIDEN HOLDINGS LTD	27,500	$352K	0.3%	$12.80	$12.44	—	SHS	G5753U112
GS	GOLDMAN SACHS GROUP INC	7,400	$352K	0.3%	$47.57	—	—	Call	38141G104
MET	METLIFE INC	36,100	$346K	0.3%	$9.58 *	$30.13	+10.6%	Call	59156R108
ALL	ALLSTATE CORP	21,200	$326K	0.3%	$15.38 *	$41.21	+34.3%	Call	020002101
AAL	AMERICAN AIRLS GROUP INC	9,800	$318K	0.3%	$32.45	—	—	Call	02376R102
CROX	CROCS INC	25,492	$318K	0.3%	$12.47	$12.37	+1.0%	COM	227046109
CMA	COMERICA INC	6,667	$316K	0.3%	$47.40 *	$28.79	+8.3%	COM	200340107
—	BENEFICIAL MUTUAL BANCORP IN	25,762	$316K	0.3%	$12.27	$12.27	—	COM	08173R104
WFC	WELLS FARGO & CO NEW	5,619	$308K	0.3%	$54.81 *	$30.76	+30.8%	COM	949746101
—	SUNTRUST BKS INC	32,000	$303K	0.3%	$9.47	$36.80	—	Call	867914103
—	PNC FINL SVCS GROUP INC	11,890	$297K	0.2%	$24.98	$17.75	—	*W EXP 12/31/201	693475121
BMY	BRISTOL MYERS SQUIBB CO	20,000	$293K	0.2%	$14.65 *	$34.16	+19.9%	Call	110122108
C	CITIGROUP INC	22,800	$289K	0.2%	$12.68 *	$37.66	+7.0%	Call	172967424
—	BBCN BANCORP INC	19,981	$287K	0.2%	$14.36	$16.57	—	COM	073295107
—	BROOKLINE BANCORP INC DEL	28,405	$285K	0.2%	$10.03	$9.54	—	COM	11373M107
—	ALLIED WRLD ASSUR COM HLDG A	7,500	$284K	0.2%	$37.87	$62.93	—	SHS	H01531104
BDX	BECTON DICKINSON & CO	2,000	$278K	0.2%	$139.00 *	$85.77	+33.9%	COM	075887109
—	MADISON SQUARE GARDEN CO	3,667	$276K	0.2%	$75.27	$57.54	—	CL A	55826P100
PFBX	PEOPLES FINL CORP MISS	21,000	$262K	0.2%	$12.48 *	$11.10	+4.3%	COM	71103B102
—	BED BATH & BEYOND INC	15,000	$258K	0.2%	$17.20	—	—	Call	075896100
—	MERCHANTS BANCSHARES	8,360	$256K	0.2%	$30.62	$31.94	—	COM	588448100
—	GENERAL ELECTRIC CO	71,000	$252K	0.2%	$3.55	—	—	Call	369604103
LEN	LENNAR CORP	5,600	$251K	0.2%	$44.82 *	$30.45	+27.0%	CL A	526057104
T	AT&T INC	7,295	$245K	0.2%	$33.58 *	$11.17	+3.5%	COM	00206R102
—	SUNTRUST BKS INC	20,554	$245K	0.2%	$11.92	$9.50	—	*W EXP 12/31/201	867914129
WSBF	WATERSTONE FINL INC MD	18,561	$244K	0.2%	$13.15	$10.47	+25.6%	COM	94188P101
—	IBERIABANK CORP	3,605	$234K	0.2%	$64.91	$69.23	—	COM	450828108
PNC	PNC FINL SVCS GROUP INC	18,000	$231K	0.2%	$12.83 *	$51.88	+24.6%	Call	693475105
RF	REGIONS FINL CORP NEW	120,600	$229K	0.2%	$1.90 *	$7.02	+2.7%	Call	7591EP100
UPS	UNITED PARCEL SERVICE INC	2,000	$222K	0.2%	$111.00 *	$66.59	+12.5%	CL B	911312106
KEY	KEYCORP NEW	54,500	$221K	0.2%	$4.06 *	$8.05	+12.2%	Call	493267108
OSBC	OLD SECOND BANCORP INC ILL	40,000	$215K	0.2%	$5.38 *	$4.45	+10.4%	COM	680277100
ABT	ABBOTT LABS	19,600	$213K	0.2%	$10.87	—	—	Call	002824100
—	ACE LTD	18,700	$206K	0.2%	$11.02	$109.44	—	Call	H0023R105
GNE	GENIE ENERGY LTD	27,426	$169K	0.1%	$6.16	$11.22	-44.9%	CL B	372284208
BMY	BRISTOL MYERS SQUIBB CO	2,794	$165K	0.1%	$59.06 *	$34.16	+19.9%	COM	110122108
—	CAROLINA FINL CORP NEW	11,754	$165K	0.1%	$14.04	$14.04	—	COM	143873107
—	FIRST CLOVER LEAF FIN CORP	17,352	$152K	0.1%	$8.76	$9.80	—	COM	31969M105
—	KEARNY FINL CORP	10,946	$150K	0.1%	$13.70	$14.80	—	COM	487169104
MSFT	MICROSOFT CORP	16,700	$150K	0.1%	$8.98	—	—	Call	594918104
—	E M C CORP MASS	23,300	$149K	0.1%	$6.39	—	—	Call	268648102
FITB	FIFTH THIRD BANCORP	74,000	$129K	0.1%	$1.74 *	$13.25	+5.7%	Call	316773100
TRV	TRAVELERS COMPANIES INC	1,200	$127K	0.1%	$105.83 *	$72.50	+14.6%	COM	89417E109
—	ACE LTD	996	$114K	0.1%	$114.46	$109.44	—	SHS	H0023R105
—	EASTERN VA BANKSHARES INC	16,000	$104K	0.1%	$6.50	$7.00	—	COM	277196101
—	BIOSCRIP INC	14,802	$104K	0.1%	$7.03	$8.05	—	COM	09069N108
—	CIT GROUP INC	15,000	$104K	0.1%	$6.93	$52.11	—	Call	125581801
—	RITE AID CORP	30,000	$99,000	0.1%	$3.30	$5.46	—	Call	767754104
ZION	ZIONS BANCORPORATION	20,000	$98,000	0.1%	$4.90	—	—	Call	989701107
UPS	UNITED PARCEL SERVICE INC	6,000	$96,000	0.1%	$16.00 *	$66.59	+12.5%	Call	911312106
—	SPDR SERIES TRUST	15,000	$93,000	0.1%	$6.20	$46.51	—	Call	78464A748
—	INVENSENSE INC	25,000	$93,000	0.1%	$3.72	$59.61	—	Call	46123D205
—	HERTZ GLOBAL HOLDINGS INC	11,000	$83,000	0.1%	$7.55	—	—	Call	42805T105
BK	BANK NEW YORK MELLON CORP	2,000	$81,000	0.1%	$40.50 *	$29.75	+3.8%	COM	064058100
HUN	HUNTSMAN CORP	15,000	$79,000	0.1%	$5.27	—	—	Call	447011107
—	HOLOGIC INC	11,000	$76,000	0.1%	$6.91	—	—	Call	436440AB7
COF	CAPITAL ONE FINL CORP	5,000	$74,000	0.1%	$14.80 *	$60.38	+12.0%	Call	14040H105
URBN	URBAN OUTFITTERS INC	10,000	$74,000	0.1%	$7.40 *	$32.41	+8.4%	Call	917047102
—	ALCOA INC	10,000	$61,000	0.1%	$6.10	—	—	Call	013817101
—	PATRIOT NATL BANCORP INC	24,285	$40,000	0.0%	$1.65	$1.03	—	COM	70336F104
—	MAGNUM HUNTER RES CORP DEL	10,000	$31,000	0.0%	$3.10	$3.10	—	COM	55973B102
PFE	PFIZER INC	10,000	$28,000	0.0%	$2.80	—	—	Call	717081103
URBN	URBAN OUTFITTERS INC	800	$28,000	0.0%	$35.00	$32.41	+8.4%	COM	917047102
GNW	GENWORTH FINL INC	22,000	$18,000	0.0%	$0.82	—	—	Call	37247D106
—	AMERICAN INTL GROUP INC	2,562	$11,000	0.0%	$4.29	$7.07	—	*W EXP 01/19/202	026874156
—	SPDR SERIES TRUST	129	$6,000	0.0%	$46.51	$46.51	—	OILGAS EQUIP	78464A748