Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	759,897	$10.27M	8.7%	$10.86	0.0%	COM	060505104
—	MB FINANCIAL INC NEW	169,294	$5.494M	4.6%	$29.85	—	COM	55264U108
—	SOUTHERN NATL BANCORP OF VA	438,394	$5.226M	4.4%	$10.78	—	COM	843395104
—	M & T BK CORP	96,533	$3.659M	3.1%	$44.35	—	*W EXP 12/23/201	55261F112
CNO	CNO FINL GROUP INC	202,567	$3.63M	3.1%	$12.65	+11.1%	COM	12621E103
PNC	PNC FINL SVCS GROUP INC	40,526	$3.427M	2.9%	$51.88	+19.4%	COM	693475105
—	CAPITAL ONE FINL CORP	116,306	$3.326M	2.8%	$35.00	—	*W EXP 11/14/201	14040H139
—	MERIDIAN BANCORP INC MD	211,079	$2.939M	2.5%	$11.49	—	COM	58958U103
—	JPMORGAN CHASE & CO	144,006	$2.549M	2.1%	$19.41	—	*W EXP 10/28/201	46634E114
—	BB&T CORP	75,906	$2.527M	2.1%	$37.10	—	COM	054937107
—	STERLING BANCORP DEL	143,664	$2.289M	1.9%	$14.40	—	COM	85917A100
—	SOUTH ST CORP	33,836	$2.173M	1.8%	$60.08	—	COM	840441109
SBCF	SEACOAST BKG CORP FLA	136,790	$2.16M	1.8%	$11.28	+31.2%	COM NEW	811707801
—	HARTFORD FINL SVCS GROUP INC	51,255	$1.999M	1.7%	$27.51	—	*W EXP 06/26/201	416515120
JPM	JPMORGAN CHASE & CO	32,296	$1.912M	1.6%	$44.73	+0.3%	COM	46625H100
KEY	KEYCORP NEW	171,760	$1.896M	1.6%	$7.93	-6.2%	COM	493267108
CERS	CERUS CORP	297,644	$1.765M	1.5%	$4.99	+11.1%	COM	157085101
—	SYNOVUS FINL CORP	59,235	$1.713M	1.4%	$24.53	—	COM NEW	87161C501
FITB	FIFTH THIRD BANCORP	100,659	$1.68M	1.4%	$13.25	-12.4%	COM	316773100
COF	CAPITAL ONE FINL CORP	22,810	$1.581M	1.3%	$60.38	-8.3%	COM	14040H105
IMPM	IMPAC MTG HLDGS INC	111,172	$1.542M	1.3%	$9.18	+54.6%	COM NEW	45254P508
MTB	M & T BK CORP	13,736	$1.525M	1.3%	$89.21	-8.2%	COM	55261F104
ABR	ARBOR RLTY TR INC	220,253	$1.491M	1.3%	$6.68	—	COM	038923108
NBTB	NBT BANCORP INC	53,997	$1.455M	1.2%	$24.54	+5.9%	COM	628778102
—	AVENUE FINL HLDGS INC	75,000	$1.453M	1.2%	$12.61	—	COM	05358K102
—	COMERICA INC	104,462	$1.394M	1.2%	$18.74	—	*W EXP 11/14/201	200340115
PEG	PUBLIC SVC ENTERPRISE GROUP	28,900	$1.362M	1.1%	$21.50	+40.3%	COM	744573106
—	ESSA BANCORP INC	97,288	$1.312M	1.1%	$11.56	—	COM	29667D104
HWC	HANCOCK HLDG CO	55,912	$1.284M	1.1%	$31.98	-26.4%	COM	410120109
THG	HANOVER INS GROUP INC	13,026	$1.175M	1.0%	$42.09	+47.7%	COM	410867105
EFSC	ENTERPRISE FINL SVCS CORP	41,420	$1.12M	0.9%	$15.45	+48.3%	COM	293712105
—	FRANKLIN FINL NETWORK INC	41,290	$1.115M	0.9%	$24.06	—	COM	35352P104
GSBD	GOLDMAN SACHS BDC INC	54,578	$1.07M	0.9%	$21.24	-11.4%	SHS	38147U107
—	SUNTRUST BKS INC	29,020	$1.047M	0.9%	$37.06	—	COM	867914103
USB	US BANCORP DEL	24,300	$986K	0.8%	$25.38	+9.5%	COM NEW	902973304
RF	REGIONS FINL CORP NEW	125,159	$982K	0.8%	$6.83	-17.5%	COM	7591EP100
—	INVESTORS BANCORP INC NEW	82,423	$959K	0.8%	$10.99	—	COM	46146L101
C	CITIGROUP INC	22,823	$953K	0.8%	$37.66	-17.0%	COM NEW	172967424
JPM	JPMORGAN CHASE & CO	107,900	$915K	0.8%	$44.73	+0.3%	Call	46625H100
—	COWEN GROUP INC NEW	236,333	$900K	0.8%	$4.09	—	CL A	223622101
—	TRIANGLE CAP CORP	42,915	$883K	0.7%	$19.49	—	COM	895848109
—	HAMPTON ROADS BANKSHARES INC	494,999	$876K	0.7%	$1.73	—	COM NEW	409321502
—	BENEFICIAL BANCORP INC	62,072	$850K	0.7%	$11.61	—	COM	08171T102
NWBI	NORTHWEST BANCSHARES INC MD	56,167	$759K	0.6%	$6.88	+6.5%	COM	667340103
OLP	ONE LIBERTY PPTYS INC	33,448	$750K	0.6%	$21.30	—	COM	682406103
—	UNITED CMNTY BANCORP IND	55,000	$750K	0.6%	$12.25	—	COM	90984R101
BAC	BANK AMER CORP	251,900	$707K	0.6%	$10.86	0.0%	Call	060505104
T	AT&T INC	17,295	$677K	0.6%	$11.77	+17.5%	COM	00206R102
MET	METLIFE INC	15,310	$673K	0.6%	$30.13	-11.2%	COM	59156R108
—	STATE BK FINL CORP	33,236	$657K	0.6%	$18.34	—	COM	856190103
—	FIRST DEFIANCE FINL CORP	17,016	$654K	0.6%	$27.08	—	COM	32006W106
MS	MORGAN STANLEY	25,845	$646K	0.5%	$22.26	-13.3%	COM NEW	617446448
—	MIDSOUTH BANCORP INC	83,601	$638K	0.5%	$15.93	—	COM	598039105
META	FACEBOOK INC	5,500	$628K	0.5%	$49.86	+110.1%	CL A	30303M102
—	UNITED FINL BANCORP INC NEW	48,926	$616K	0.5%	$13.55	—	COM	910304104
CMA	COMERICA INC	14,402	$546K	0.5%	$27.54	-11.2%	COM	200340107
—	MONARCH FINANCIAL HOLDINGS I	31,343	$521K	0.4%	$12.82	—	COM	60907Q100
ALL	ALLSTATE CORP	7,451	$502K	0.4%	$41.21	+22.6%	COM	020002101
—	WELLS FARGO & CO NEW	31,500	$493K	0.4%	$18.41	—	*W EXP 10/28/201	949746119
—	UNION BANKSHARES CORP NEW	19,786	$487K	0.4%	$24.61	—	COM	90539J109
MRCC	MONROE CAP CORP	35,080	$486K	0.4%	$4.47	-11.0%	COM	610335101
CNOB	CONNECTONE BANCORP INC NEW	29,500	$482K	0.4%	$15.05	-12.9%	COM	20786W107
—	SOUTHCOAST FINANCIAL CORP	36,000	$470K	0.4%	$6.67	—	COM	84129R100
—	LEADING BRANDS INC	197,894	$455K	0.4%	$3.85	—	COM NEW	52170U207
—	WESTFIELD FINANCIAL INC NEW	53,333	$450K	0.4%	$7.35	—	COM	96008P104
—	CIT GROUP INC	14,349	$445K	0.4%	$48.88	—	COM NEW	125581801
—	ENDURANCE SPECIALTY HLDGS LT	6,600	$431K	0.4%	$58.64	—	SHS	G30397106
HAFC	HANMI FINL CORP	17,914	$394K	0.3%	$18.99	+12.5%	COM NEW	410495204
WFC	WELLS FARGO & CO NEW	75,700	$380K	0.3%	$30.76	+20.6%	Call	949746101
AIG	AMERICAN INTL GROUP INC	6,620	$358K	0.3%	$37.86	+11.2%	COM NEW	026874784
STT	STATE STR CORP	6,095	$357K	0.3%	$50.63	-15.8%	COM	857477103
—	MAIDEN HOLDINGS LTD	27,490	$356K	0.3%	$12.44	—	SHS	G5753U112
HBAN	HUNTINGTON BANCSHARES INC	36,613	$349K	0.3%	$5.68	+7.9%	COM	446150104
—	BANK AMER CORP	88,241	$343K	0.3%	$6.57	—	*W EXP 01/16/201	060505146
—	KKR & CO L P DEL	23,000	$338K	0.3%	$22.87	—	COM UNITS	48248M102
—	SUNTRUST BKS INC	51,974	$335K	0.3%	$9.74	—	*W EXP 12/31/201	867914129
SWKS	SKYWORKS SOLUTIONS INC	15,100	$334K	0.3%	—	—	Call	83088M102
—	DISCOVER FINL SVCS	6,495	$331K	0.3%	$56.00	—	COM	254709108
—	RITE AID CORP	39,568	$322K	0.3%	$7.52	—	COM	767754104
BPOP	POPULAR INC	10,982	$314K	0.3%	$20.37	-1.9%	COM NEW	733174700
—	BROOKLINE BANCORP INC DEL	28,405	$313K	0.3%	$9.54	—	COM	11373M107
—	TERRITORIAL BANCORP INC	11,838	$309K	0.3%	$26.10	—	COM	88145X108
—	BBCN BANCORP INC	19,981	$304K	0.3%	$16.57	—	COM	073295107
—	PNC FINL SVCS GROUP INC	14,760	$300K	0.3%	$19.88	—	*W EXP 12/31/201	693475121
KRNY	KEARNY FINL CORP MD	24,276	$300K	0.3%	$11.16	+7.6%	COM	48716P108
OSBC	OLD SECOND BANCORP INC ILL	40,000	$287K	0.2%	$4.45	+41.7%	COM	680277100
—	LEGG MASON INC	8,177	$284K	0.2%	$43.54	—	COM	524901105
FGBI	FIRST GTY BANCSHARES INC	17,836	$276K	0.2%	$10.82	-16.6%	COM	32043P106
—	XL GROUP PLC	7,500	$276K	0.2%	$31.25	—	SHS	G98290102
LEN	LENNAR CORP	5,597	$271K	0.2%	$30.45	+22.6%	CL A	526057104
—	ALLIED WRLD ASSUR COM HLDG A	7,500	$262K	0.2%	$62.93	—	SHS	H01531104
LNC	LINCOLN NATL CORP IND	6,600	$259K	0.2%	$31.80	-15.8%	COM	534187109
—	1ST CENTURY BANCSHARES INC	23,202	$255K	0.2%	$7.57	—	COM	31943X102
WSBF	WATERSTONE FINL INC MD	18,561	$254K	0.2%	$10.47	+31.2%	COM	94188P101
—	MERCHANTS BANCSHARES	8,260	$246K	0.2%	$31.94	—	COM	588448100
CROX	CROCS INC	25,492	$245K	0.2%	$12.37	-24.8%	COM	227046109
WFC	WELLS FARGO & CO NEW	4,919	$238K	0.2%	$30.76	+20.6%	COM	949746101
—	RADIUS HEALTH INC	7,500	$235K	0.2%	$66.19	—	COM NEW	750469207
—	ARGO GROUP INTL HLDGS LTD	4,092	$235K	0.2%	$50.10	—	COM	G0464B107
BDX	BECTON DICKINSON & CO	1,500	$228K	0.2%	$85.77	+42.5%	COM	075887109
ALL	ALLSTATE CORP	22,100	$227K	0.2%	$41.21	+22.6%	Call	020002101
—	GUARANTY FED BANCSHARES INC	15,000	$225K	0.2%	$14.73	—	COM	40108P101
—	FLAGSTAR BANCORP INC	10,000	$215K	0.2%	$23.10	—	COM PAR .001	337930705
ABCB	AMERIS BANCORP	7,209	$213K	0.2%	$23.81	+4.6%	COM	03076K108
PRKS	SEAWORLD ENTMT INC	10,000	$211K	0.2%	$18.57	+0.7%	COM	81282V100
UPS	UNITED PARCEL SERVICE INC	2,000	$211K	0.2%	$70.63	-4.2%	CL B	911312106
GNE	GENIE ENERGY LTD	27,426	$209K	0.2%	$11.22	-23.3%	CL B	372284208
—	CLIFTON BANCORP INC	13,697	$207K	0.2%	$14.09	—	COM	186873105
MSGS	MADISON SQUARE GARDEN CO NEW	1,218	$203K	0.2%	$111.32	0.0%	CL A	55825T103
BK	BANK NEW YORK MELLON CORP	35,800	$197K	0.2%	$32.00	-12.0%	Call	064058100
FCCO	FIRST CMNTY CORP S C	13,500	$195K	0.2%	$9.35	+14.1%	COM	319835104
—	BB&T CORP	52,900	$187K	0.2%	$37.10	—	Call	054937107
—	ORITANI FINL CORP DEL	10,778	$183K	0.2%	$16.02	—	COM	68633D103
C	CITIGROUP INC	36,800	$181K	0.2%	$37.66	-17.0%	Call	172967424
BMY	BRISTOL MYERS SQUIBB CO	2,788	$178K	0.1%	$44.54	+0.6%	COM	110122108
PFE	PFIZER INC	6,000	$178K	0.1%	$20.38	-8.3%	COM	717081103
NXPI	NXP SEMICONDUCTORS N V	10,500	$163K	0.1%	—	—	Call	N6596X109
—	FIRST CLOVER LEAF FIN CORP	17,352	$162K	0.1%	$9.80	—	COM	31969M105
ZTS	ZOETIS INC	14,700	$154K	0.1%	$42.76	-8.1%	Call	98978V103
—	ABILITY INC	22,000	$135K	0.1%	$9.56	—	SHS	G8789K108
BMY	BRISTOL MYERS SQUIBB CO	12,000	$130K	0.1%	$44.54	+0.6%	Call	110122108
—	PARK STERLING CORP	19,370	$129K	0.1%	$6.66	—	COM	70086Y105
ABT	ABBOTT LABS	19,600	$126K	0.1%	—	—	Call	002824100
MET	METLIFE INC	33,500	$126K	0.1%	$30.13	-11.2%	Call	59156R108
—	SEVERN BANCORP ANNAPOLIS MD	23,558	$119K	0.1%	$4.85	—	COM	81811M100
—	FIRST NIAGARA FINL GP INC	12,000	$116K	0.1%	$10.83	—	COM	33582V108
—	SUNTRUST BKS INC	22,000	$115K	0.1%	$37.06	—	Call	867914103
—	BAY BANCORP INC	23,698	$114K	0.1%	$5.19	—	COM	07203T106
KEY	KEYCORP NEW	54,500	$113K	0.1%	$7.93	-6.2%	Call	493267108
AIG	AMERICAN INTL GROUP INC	11,300	$112K	0.1%	$37.86	+11.2%	Call	026874784
—	EASTERN VA BANKSHARES INC	16,000	$107K	0.1%	$7.00	—	COM	277196101
ZION	ZIONS BANCORPORATION	33,500	$100K	0.1%	—	—	Call	989701107
MS	MORGAN STANLEY	46,200	$98,000	0.1%	$22.26	-13.3%	Call	617446448
PRU	PRUDENTIAL FINL INC	19,300	$95,000	0.1%	—	—	Call	744320102
ZTS	ZOETIS INC	2,100	$93,000	0.1%	$42.76	-8.1%	CL A	98978V103
BK	BANK NEW YORK MELLON CORP	2,000	$74,000	0.1%	$32.00	-12.0%	COM	064058100
—	GENERAL ELECTRIC CO	13,500	$65,000	0.1%	—	—	Call	369604103
RF	REGIONS FINL CORP NEW	35,600	$56,000	0.0%	$6.83	-17.5%	Call	7591EP100
—	RITE AID CORP	15,000	$50,000	0.0%	$7.52	—	Call	767754104
LEN	LENNAR CORP	5,000	$49,000	0.0%	$30.45	+22.6%	Call	526057104
—	YOU ON DEMAND HLDGS INC	25,000	$46,000	0.0%	$6.36	—	COM NEW	98741R207
—	CIT GROUP INC	10,000	$38,000	0.0%	$48.88	—	Call	125581801
PRKS	SEAWORLD ENTMT INC	12,000	$35,000	0.0%	$18.57	+0.7%	Call	81282V100
—	BIOSCRIP INC	14,802	$32,000	0.0%	$8.05	—	COM	09069N108
PFE	PFIZER INC	10,000	$26,000	0.0%	$20.38	-8.3%	Call	717081103
—	INVENSENSE INC	18,000	$26,000	0.0%	—	—	Call	46123D205
FITB	FIFTH THIRD BANCORP	71,700	$25,000	0.0%	$13.25	-12.4%	Call	316773100
—	GLAXOSMITHKLINE PLC	10,000	$21,000	0.0%	—	—	Call	37733W105
—	ALCOA INC	10,000	$9,000	0.0%	—	—	Call	013817101