Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	RITE AID CORP	1,581,787	$12.4M	9.2%	$7.52	—	COM	767754104
—	MB FINANCIAL INC NEW	177,028	$5.73M	4.2%	$29.85	—	COM	55264U108
—	SOUTHERN NATL BANCORP OF VA	437,294	$5.711M	4.2%	$10.78	—	COM	843395104
—	M & T BK CORP	95,391	$4.648M	3.4%	$44.43	—	*W EXP 12/23/201	55261F112
CNO	CNO FINL GROUP INC	203,567	$3.886M	2.9%	$12.65	+23.6%	COM	12621E103
PNC	PNC FINL SVCS GROUP INC	40,526	$3.863M	2.9%	$51.88	+29.5%	COM	693475105
—	CAPITAL ONE FINL CORP	115,506	$3.621M	2.7%	$35.00	—	*W EXP 11/14/201	14040H139
—	JPMORGAN CHASE & CO	138,406	$3.279M	2.4%	$19.48	—	*W EXP 10/28/201	46634E114
—	MERIDIAN BANCORP INC MD	211,079	$2.977M	2.2%	$11.49	—	COM	58958U103
—	BB&T CORP	72,669	$2.748M	2.0%	$37.27	—	COM	054937107
—	STERLING BANCORP DEL	167,191	$2.712M	2.0%	$14.40	—	COM	85917A100
—	SYNOVUS FINL CORP	81,877	$2.651M	2.0%	$24.53	—	COM NEW	87161C501
—	SOUTH ST CORP	33,836	$2.435M	1.8%	$60.08	—	COM	840441109
—	INVESTORS BANCORP INC NEW	167,217	$2.08M	1.5%	$10.99	—	COM	46146L101
SBCF	SEACOAST BKG CORP FLA	138,564	$2.076M	1.5%	$11.28	+35.9%	COM NEW	811707801
FITB	FIFTH THIRD BANCORP	100,659	$2.023M	1.5%	$13.25	+4.8%	COM	316773100
IMPM	IMPAC MTG HLDGS INC	111,172	$2.001M	1.5%	$9.18	+104.5%	COM NEW	45254P508
CERS	CERUS CORP	310,944	$1.966M	1.5%	$4.99	+6.8%	COM	157085101
—	HARTFORD FINL SVCS GROUP INC	51,255	$1.849M	1.4%	$27.51	—	*W EXP 06/26/201	416515120
KEY	KEYCORP NEW	137,760	$1.817M	1.3%	$8.05	+7.7%	COM	493267108
COF	CAPITAL ONE FINL CORP	22,810	$1.647M	1.2%	$60.38	+5.7%	COM	14040H105
ABR	ARBOR RLTY TR INC	220,253	$1.575M	1.2%	$6.68	—	COM	038923108
NBTB	NBT BANCORP INC	53,997	$1.505M	1.1%	$24.54	+16.0%	COM	628778102
—	COMERICA INC	104,462	$1.464M	1.1%	$18.74	—	*W EXP 11/14/201	200340115
JPM	JPMORGAN CHASE & CO	107,900	$1.463M	1.1%	$44.66	+11.2%	Call	46625H100
JPM	JPMORGAN CHASE & CO	21,934	$1.448M	1.1%	$44.66	+11.2%	COM	46625H100
HWC	HANCOCK HLDG CO	55,912	$1.407M	1.0%	$31.98	-14.7%	COM	410120109
—	ESSA BANCORP INC	98,688	$1.35M	1.0%	$11.56	—	COM	29667D104
—	SUNTRUST BKS INC	30,620	$1.312M	1.0%	$37.06	—	COM	867914103
PEG	PUBLIC SVC ENTERPRISE GROUP	32,600	$1.261M	0.9%	$21.50	+31.1%	COM	744573106
—	WELLS FARGO & CO NEW	61,000	$1.25M	0.9%	$18.41	—	*W EXP 10/28/201	949746119
MTB	M & T BK CORP	10,300	$1.248M	0.9%	$91.64	0.0%	COM	55261F104
RF	REGIONS FINL CORP NEW	125,159	$1.202M	0.9%	$6.83	-2.3%	COM	7591EP100
C	CITIGROUP INC	22,823	$1.181M	0.9%	$37.66	+5.2%	COM NEW	172967424
EFSC	ENTERPRISE FINL SVCS CORP	41,420	$1.174M	0.9%	$15.45	+52.4%	COM	293712105
BAC	BANK AMER CORP	241,100	$1.172M	0.9%	$12.22	+10.9%	Call	060505104
—	AVENUE FINL HLDGS INC	75,000	$1.078M	0.8%	$12.61	—	COM	05358K102
THG	HANOVER INS GROUP INC	13,026	$1.06M	0.8%	$42.09	+47.1%	COM	410867105
GSBD	GOLDMAN SACHS BDC INC	54,578	$1.037M	0.8%	$21.24	-6.9%	SHS	38147U107
USB	US BANCORP DEL	24,300	$1.037M	0.8%	$25.38	+16.6%	COM NEW	902973304
—	FRANKLIN FINL NETWORK INC	29,973	$940K	0.7%	$22.95	—	COM	35352P104
—	HAMPTON ROADS BANKSHARES INC	494,999	$911K	0.7%	$1.73	—	COM NEW	409321502
—	COWEN GROUP INC NEW	231,005	$885K	0.7%	$4.10	—	CL A	223622101
—	BENEFICIAL BANCORP INC	62,072	$827K	0.6%	$11.61	—	COM	08171T102
—	UNITED CMNTY BANCORP IND	55,000	$824K	0.6%	$12.25	—	COM	90984R101
MS	MORGAN STANLEY	25,845	$822K	0.6%	$22.26	+12.3%	COM NEW	617446448
NWBI	NORTHWEST BANCSHARES INC MD	59,193	$794K	0.6%	$6.88	+11.6%	COM	667340103
—	MIDSOUTH BANCORP INC	83,601	$759K	0.6%	$15.93	—	COM	598039105
MET	METLIFE INC	15,310	$738K	0.5%	$30.13	+3.6%	COM	59156R108
OLP	ONE LIBERTY PPTYS INC	33,448	$718K	0.5%	$21.30	—	COM	682406103
—	STATE BK FINL CORP	33,236	$699K	0.5%	$18.34	—	COM	856190103
WFC	WELLS FARGO & CO NEW	75,700	$679K	0.5%	$30.76	+32.7%	Call	949746101
—	FIRST DEFIANCE FINL CORP	17,016	$643K	0.5%	$27.08	—	COM	32006W106
AIG	AMERICAN INTL GROUP INC	53,000	$639K	0.5%	$37.86	+25.0%	Call	026874784
—	UNITED FINL BANCORP INC NEW	48,926	$630K	0.5%	$13.55	—	COM	910304104
—	TRIANGLE CAP CORP	32,000	$612K	0.5%	$19.13	—	COM	895848109
HBAN	HUNTINGTON BANCSHARES INC	54,313	$601K	0.4%	$5.68	+29.9%	COM	446150104
T	AT&T INC	17,295	$595K	0.4%	$11.77	+5.6%	COM	00206R102
—	MONARCH FINANCIAL HOLDINGS I	32,362	$582K	0.4%	$12.82	—	COM	60907Q100
META	FACEBOOK INC	5,500	$576K	0.4%	$49.86	+104.6%	CL A	30303M102
—	SUNTRUST BKS INC	51,974	$573K	0.4%	$9.74	—	*W EXP 12/31/201	867914129
—	CIT GROUP INC	14,349	$570K	0.4%	$48.88	—	COM NEW	125581801
—	SOUTHCOAST FINANCIAL CORP	36,000	$564K	0.4%	$6.67	—	COM	84129R100
—	LEADING BRANDS INC	198,394	$552K	0.4%	$3.85	—	COM NEW	52170U207
CNOB	CONNECTONE BANCORP INC NEW	29,500	$551K	0.4%	$15.05	-1.6%	COM	20786W107
—	GENERAL ELECTRIC CO	71,000	$539K	0.4%	—	—	Call	369604103
—	BANK AMER CORP	88,241	$514K	0.4%	$6.57	—	*W EXP 01/16/201	060505146
ALL	ALLSTATE CORP	7,600	$472K	0.3%	$41.21	+20.7%	COM	020002101
—	XL GROUP PLC	12,000	$470K	0.3%	$31.25	—	SHS	G98290102
—	RADIUS HEALTH INC	7,500	$461K	0.3%	$66.19	—	COM NEW	750469207
MRCC	MONROE CAP CORP	35,080	$459K	0.3%	$4.47	0.0%	COM	610335101
HAFC	HANMI FINL CORP	19,214	$456K	0.3%	$18.99	+34.8%	COM NEW	410495204
—	WESTFIELD FINANCIAL INC NEW	53,333	$448K	0.3%	$7.35	—	COM	96008P104
—	PNC FINL SVCS GROUP INC	14,760	$424K	0.3%	$19.88	—	*W EXP 12/31/201	693475121
—	ENDURANCE SPECIALTY HLDGS LT	6,600	$422K	0.3%	$58.64	—	SHS	G30397106
C	CITIGROUP INC	36,800	$412K	0.3%	$37.66	+5.2%	Call	172967424
AIG	AMERICAN INTL GROUP INC	6,620	$410K	0.3%	$37.86	+25.0%	COM NEW	026874784
—	MAIDEN HOLDINGS LTD	27,490	$410K	0.3%	$12.44	—	SHS	G5753U112
SWKS	SKYWORKS SOLUTIONS INC	14,500	$407K	0.3%	—	—	Call	83088M102
STT	STATE STR CORP	6,095	$404K	0.3%	$50.63	+2.5%	COM	857477103
—	BB&T CORP	71,600	$379K	0.3%	$37.27	—	Call	054937107
CMA	COMERICA INC	8,702	$364K	0.3%	$29.55	-0.2%	COM	200340107
—	KKR & CO L P DEL	23,000	$359K	0.3%	$22.87	—	COM UNITS	48248M102
—	DISCOVER FINL SVCS	6,495	$348K	0.3%	$56.00	—	COM	254709108
—	BBCN BANCORP INC	19,981	$344K	0.3%	$16.57	—	COM	073295107
KRNY	KEARNY FINL CORP MD	27,036	$342K	0.3%	$11.16	+9.2%	COM	48716P108
BK	BANK NEW YORK MELLON CORP	45,000	$336K	0.2%	$32.00	+1.5%	Call	064058100
FGBI	FIRST GTY BANCSHARES INC	17,836	$334K	0.2%	$10.82	0.0%	COM	32043P106
LNC	LINCOLN NATL CORP IND	6,600	$332K	0.2%	$31.80	+12.3%	COM	534187109
—	BROOKLINE BANCORP INC DEL	28,405	$327K	0.2%	$9.54	—	COM	11373M107
—	LEGG MASON INC	8,177	$321K	0.2%	$43.54	—	COM	524901105
OSBC	OLD SECOND BANCORP INC ILL	40,000	$314K	0.2%	$4.45	+48.2%	COM	680277100
BPOP	POPULAR INC	10,982	$311K	0.2%	$20.37	+10.1%	COM NEW	733174700
GNE	GENIE ENERGY LTD	27,426	$305K	0.2%	$11.22	+1.0%	CL B	372284208
BMY	BRISTOL MYERS SQUIBB CO	20,000	$303K	0.2%	$44.54	+4.8%	Call	110122108
MS	MORGAN STANLEY	46,200	$300K	0.2%	$22.26	+12.3%	Call	617446448
TRV	TRAVELERS COMPANIES INC	11,600	$280K	0.2%	$81.32	+9.3%	Call	89417E109
—	ALLIED WRLD ASSUR COM HLDG A	7,500	$279K	0.2%	$62.93	—	SHS	H01531104
LEN	LENNAR CORP	5,597	$274K	0.2%	$30.45	+42.4%	CL A	526057104
WFC	WELLS FARGO & CO NEW	5,019	$273K	0.2%	$30.76	+32.7%	COM	949746101
—	MERCHANTS BANCSHARES	8,360	$263K	0.2%	$31.94	—	COM	588448100
WSBF	WATERSTONE FINL INC MD	18,561	$262K	0.2%	$10.47	+30.5%	COM	94188P101
CROX	CROCS INC	25,492	$261K	0.2%	$12.37	-13.0%	COM	227046109
—	GLAXOSMITHKLINE PLC	17,400	$248K	0.2%	—	—	Call	37733W105
ABCB	AMERIS BANCORP	7,209	$245K	0.2%	$23.81	+18.4%	COM	03076K108
—	ARGO GROUP INTL HLDGS LTD	4,092	$245K	0.2%	$50.10	—	COM	G0464B107
MET	METLIFE INC	44,500	$236K	0.2%	$30.13	+3.6%	Call	59156R108
—	FLAGSTAR BANCORP INC	10,000	$231K	0.2%	$23.10	—	COM PAR .001	337930705
BDX	BECTON DICKINSON & CO	1,500	$231K	0.2%	$85.77	+43.9%	COM	075887109
—	GUARANTY FED BANCSHARES INC	15,000	$229K	0.2%	$14.73	—	COM	40108P101
NXPI	NXP SEMICONDUCTORS N V	10,500	$221K	0.2%	—	—	Call	N6596X109
—	SUNTRUST BKS INC	22,000	$216K	0.2%	$37.06	—	Call	867914103
—	FIRST NBC BK HLDG CO	5,516	$206K	0.2%	$37.35	—	COM	32115D106
ABT	ABBOTT LABS	19,600	$203K	0.2%	—	—	Call	002824100
FCCO	FIRST CMNTY CORP S C	13,500	$201K	0.1%	$9.35	+10.1%	COM	319835104
CLX	CLOROX CO DEL	8,600	$200K	0.1%	—	—	Call	189054109
—	ABILITY INC	20,000	$198K	0.1%	$9.90	—	SHS	G8789K108
PRKS	SEAWORLD ENTMT INC	10,000	$197K	0.1%	$18.57	0.0%	COM	81282V100
—	CLIFTON BANCORP INC	13,697	$196K	0.1%	$14.09	—	COM	186873105
PFE	PFIZER INC	6,000	$194K	0.1%	$20.38	0.0%	COM	717081103
BMY	BRISTOL MYERS SQUIBB CO	2,788	$192K	0.1%	$44.54	+4.8%	COM	110122108
UPS	UNITED PARCEL SERVICE INC	2,000	$192K	0.1%	$70.63	0.0%	CL B	911312106
KEY	KEYCORP NEW	54,500	$191K	0.1%	$8.05	+7.7%	Call	493267108
PRU	PRUDENTIAL FINL INC	19,300	$191K	0.1%	—	—	Call	744320102
ZTS	ZOETIS INC	14,700	$189K	0.1%	$42.76	-2.4%	Call	98978V103
—	NEWBRIDGE BANCORP	15,000	$183K	0.1%	$8.91	—	CL A NO PAR	65080T102
ZION	ZIONS BANCORPORATION	43,500	$179K	0.1%	—	—	Call	989701107
—	ORITANI FINL CORP DEL	10,778	$178K	0.1%	$16.02	—	COM	68633D103
—	FIRST CLOVER LEAF FIN CORP	17,352	$161K	0.1%	$9.80	—	COM	31969M105
—	1ST CENTURY BANCSHARES INC	23,202	$160K	0.1%	$7.57	—	COM	31943X102
PNC	PNC FINL SVCS GROUP INC	9,000	$136K	0.1%	$51.88	+29.5%	Call	693475105
TRV	TRAVELERS COMPANIES INC	1,200	$135K	0.1%	$81.32	+9.3%	COM	89417E109
—	FIRST NIAGARA FINL GP INC	12,000	$130K	0.1%	$10.83	—	COM	33582V108
FITB	FIFTH THIRD BANCORP	74,000	$129K	0.1%	$13.25	+4.8%	Call	316773100
—	BAY BANCORP INC	23,698	$120K	0.1%	$5.19	—	COM	07203T106
—	ACE LTD	996	$116K	0.1%	$103.41	—	SHS	H0023R105
—	EASTERN VA BANKSHARES INC	16,000	$115K	0.1%	$7.00	—	COM	277196101
—	SEVERN BANCORP ANNAPOLIS MD	19,558	$112K	0.1%	$4.81	—	COM	81811M100
RF	REGIONS FINL CORP NEW	109,100	$109K	0.1%	$6.83	-2.3%	Call	7591EP100
—	HOLOGIC INC	11,000	$101K	0.1%	—	—	Call	436440AB7
ROST	ROSS STORES INC	10,000	$101K	0.1%	—	—	Call	778296103
ZTS	ZOETIS INC	2,100	$101K	0.1%	$42.76	-2.4%	CL A	98978V103
BK	BANK NEW YORK MELLON CORP	2,000	$82,000	0.1%	$32.00	+1.5%	COM	064058100
—	CIT GROUP INC	12,000	$60,000	0.0%	$48.88	—	Call	125581801
—	INVENSENSE INC	26,500	$59,000	0.0%	—	—	Call	46123D205
LEN	LENNAR CORP	5,000	$50,000	0.0%	$30.45	+42.4%	Call	526057104
—	ACE LTD	13,000	$48,000	0.0%	$103.41	—	Call	H0023R105
—	YOU ON DEMAND HLDGS INC	25,000	$47,000	0.0%	$6.36	—	COM NEW	98741R207
—	E M C CORP MASS	23,300	$43,000	0.0%	—	—	Call	268648102
—	RITE AID CORP	15,000	$39,000	0.0%	$7.52	—	Call	767754104
PFE	PFIZER INC	10,000	$28,000	0.0%	$20.38	0.0%	Call	717081103
—	BIOSCRIP INC	14,802	$26,000	0.0%	$8.05	—	COM	09069N108
PRKS	SEAWORLD ENTMT INC	12,000	$26,000	0.0%	$18.57	0.0%	Call	81282V100
UPS	UNITED PARCEL SERVICE INC	4,000	$11,000	0.0%	$70.63	0.0%	Call	911312106
COF	CAPITAL ONE FINL CORP	5,000	$8,000	0.0%	$60.38	+5.7%	Call	14040H105
ALL	ALLSTATE CORP	3,000	$2,000	0.0%	$41.21	+20.7%	Call	020002101