Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	894,659	$11.87M	9.6%	$10.93	+3.8%	COM	060505104
—	MB FINANCIAL INC NEW	166,703	$6.048M	4.9%	$29.85	—	COM	55264U108
—	M & T BK CORP	108,598	$5.618M	4.5%	$45.17	—	*W EXP 12/23/201	55261F112
—	SOUTHERN NATL BANCORP OF VA	449,470	$5.461M	4.4%	$10.81	—	COM	843395104
CNO	CNO FINL GROUP INC	189,867	$3.315M	2.7%	$12.65	+20.4%	COM	12621E103
PNC	PNC FINL SVCS GROUP INC	40,526	$3.299M	2.7%	$51.88	+21.3%	COM	693475105
—	MERIDIAN BANCORP INC MD	211,079	$3.119M	2.5%	$11.49	—	COM	58958U103
—	JPMORGAN CHASE & CO	144,506	$2.926M	2.4%	$19.41	—	*W EXP 10/28/201	46634E114
—	CAPITAL ONE FINL CORP	116,306	$2.773M	2.2%	$35.00	—	*W EXP 11/14/201	14040H139
—	BB&T CORP	75,906	$2.702M	2.2%	$37.10	—	COM	054937107
—	SOUTH ST CORP	33,636	$2.289M	1.9%	$60.08	—	COM	840441109
—	COWEN GROUP INC NEW	768,820	$2.276M	1.8%	$3.31	—	CL A	223622101
—	STERLING BANCORP DEL	143,664	$2.256M	1.8%	$14.40	—	COM	85917A100
SBCF	SEACOAST BKG CORP FLA	132,270	$2.148M	1.7%	$11.28	+44.2%	COM NEW	811707801
PGC	PEAPACK-GLADSTONE FINL CORP	112,462	$2.082M	1.7%	$17.15	0.0%	COM	704699107
JPM	JPMORGAN CHASE & CO	32,296	$2.007M	1.6%	$44.73	+8.1%	COM	46625H100
KEY	KEYCORP NEW	171,760	$1.898M	1.5%	$7.93	+0.8%	COM	493267108
—	HARTFORD FINL SVCS GROUP INC	51,255	$1.896M	1.5%	$27.51	—	*W EXP 06/26/201	416515120
CERS	CERUS CORP	286,770	$1.789M	1.4%	$4.99	+19.3%	COM	157085101
FITB	FIFTH THIRD BANCORP	100,659	$1.771M	1.4%	$13.25	-3.7%	COM	316773100
IMPM	IMPAC MTG HLDGS INC	109,172	$1.712M	1.4%	$9.18	+56.8%	COM NEW	45254P508
—	SYNOVUS FINL CORP	57,577	$1.669M	1.3%	$24.53	—	COM NEW	87161C501
ABR	ARBOR RLTY TR INC	220,253	$1.584M	1.3%	$6.68	—	COM	038923108
—	AVENUE FINL HLDGS INC	75,000	$1.474M	1.2%	$12.61	—	COM	05358K102
HWC	HANCOCK HLDG CO	55,912	$1.46M	1.2%	$31.98	-20.4%	COM	410120109
COF	CAPITAL ONE FINL CORP	22,710	$1.442M	1.2%	$60.38	-2.9%	COM	14040H105
NBTB	NBT BANCORP INC	48,997	$1.402M	1.1%	$24.54	+14.6%	COM	628778102
—	COMERICA INC	104,462	$1.358M	1.1%	$18.74	—	*W EXP 11/14/201	200340115
PEG	PUBLIC SVC ENTERPRISE GROUP	28,700	$1.338M	1.1%	$21.50	+51.2%	COM	744573106
—	FRANKLIN FINL NETWORK INC	40,990	$1.285M	1.0%	$24.06	—	COM	35352P104
—	ESSA BANCORP INC	91,846	$1.231M	1.0%	$11.56	—	COM	29667D104
THG	HANOVER INS GROUP INC	12,826	$1.085M	0.9%	$42.09	+54.8%	COM	410867105
RF	REGIONS FINL CORP NEW	125,159	$1.066M	0.9%	$6.83	-6.5%	COM	7591EP100
EFSC	ENTERPRISE FINL SVCS CORP	36,695	$1.024M	0.8%	$15.45	+48.6%	COM	293712105
—	SUNTRUST BKS INC	24,220	$995K	0.8%	$37.06	—	COM	867914103
—	TRIANGLE CAP CORP	50,987	$988K	0.8%	$19.48	—	COM	895848109
USB	US BANCORP DEL	24,300	$980K	0.8%	$25.38	+15.0%	COM NEW	902973304
C	CITIGROUP INC	22,823	$968K	0.8%	$37.66	-12.1%	COM NEW	172967424
JPM	JPMORGAN CHASE & CO	107,900	$946K	0.8%	$44.73	+8.1%	Call	46625H100
GSBD	GOLDMAN SACHS BDC INC	46,328	$926K	0.7%	$21.24	-7.0%	SHS	38147U107
—	HAMPTON ROADS BANKSHARES INC	494,999	$887K	0.7%	$1.73	—	COM NEW	409321502
—	MIDSOUTH BANCORP INC	83,626	$839K	0.7%	$15.93	—	COM	598039105
OLP	ONE LIBERTY PPTYS INC	33,548	$800K	0.6%	$21.30	—	COM	682406103
NWBI	NORTHWEST BANCSHARES INC MD	53,514	$794K	0.6%	$6.88	+19.9%	COM	667340103
—	BENEFICIAL BANCORP INC	62,072	$789K	0.6%	$11.61	—	COM	08171T102
—	UNITED CMNTY BANCORP IND	55,000	$774K	0.6%	$12.25	—	COM	90984R101
—	TERRITORIAL BANCORP INC	26,464	$703K	0.6%	$26.36	—	COM	88145X108
—	STATE BK FINL CORP	33,236	$676K	0.5%	$18.34	—	COM	856190103
MS	MORGAN STANLEY	25,845	$671K	0.5%	$22.26	-10.6%	COM NEW	617446448
—	FIRST DEFIANCE FINL CORP	17,016	$661K	0.5%	$27.08	—	COM	32006W106
—	UNITED FINL BANCORP INC NEW	48,926	$635K	0.5%	$13.55	—	COM	910304104
META	FACEBOOK INC	5,500	$629K	0.5%	$49.86	+129.5%	CL A	30303M102
MET	METLIFE INC	15,310	$610K	0.5%	$30.13	-6.6%	COM	59156R108
—	INVESTORS BANCORP INC NEW	51,923	$575K	0.5%	$10.99	—	COM	46146L101
MRCC	MONROE CAP CORP	38,180	$566K	0.5%	$4.48	+2.5%	COM	610335101
—	RITE AID CORP	73,668	$552K	0.4%	$7.51	—	COM	767754104
ALL	ALLSTATE CORP	7,451	$521K	0.4%	$41.21	+31.3%	COM	020002101
BAC	BANK AMER CORP	251,900	$515K	0.4%	$10.93	+3.8%	Call	060505104
—	BNC BANCORP	21,841	$496K	0.4%	$22.71	—	COM	05566T101
—	SUNTRUST BKS INC	51,974	$482K	0.4%	$9.74	—	*W EXP 12/31/201	867914129
CMA	COMERICA INC	11,647	$479K	0.4%	$27.54	+5.6%	COM	200340107
—	UNION BANKSHARES CORP NEW	18,911	$467K	0.4%	$24.61	—	COM	90539J109
—	CIT GROUP INC	14,349	$458K	0.4%	$48.88	—	COM NEW	125581801
CNOB	CONNECTONE BANCORP INC NEW	28,985	$455K	0.4%	$15.05	-13.3%	COM	20786W107
FGBI	FIRST GTY BANCSHARES INC	27,836	$445K	0.4%	$10.09	-13.0%	COM	32043P106
—	ENDURANCE SPECIALTY HLDGS LT	6,600	$443K	0.4%	$58.64	—	SHS	G30397106
—	WELLS FARGO & CO NEW	31,500	$429K	0.3%	$18.41	—	*W EXP 10/28/201	949746119
TOWN	TOWNEBANK PORTSMOUTH VA	19,594	$424K	0.3%	$20.95	0.0%	COM	89214P109
HAFC	HANMI FINL CORP	17,914	$421K	0.3%	$18.99	+20.7%	COM NEW	410495204
—	PARAGON COML CORP	10,000	$351K	0.3%	$35.10	—	COM NEW	69911U403
AIG	AMERICAN INTL GROUP INC	6,620	$350K	0.3%	$37.86	+14.4%	COM NEW	026874784
—	DISCOVER FINL SVCS	6,495	$348K	0.3%	$56.00	—	COM	254709108
—	LEADING BRANDS INC	197,894	$341K	0.3%	$3.85	—	COM NEW	52170U207
—	PACIFIC MERCANTILE BANCORP	47,000	$334K	0.3%	$7.11	—	COM	694552100
STT	STATE STR CORP	6,095	$328K	0.3%	$50.63	-10.9%	COM	857477103
HBAN	HUNTINGTON BANCSHARES INC	36,613	$328K	0.3%	$5.68	+15.8%	COM	446150104
T	AT&T INC	7,295	$315K	0.3%	$11.77	+28.3%	COM	00206R102
—	BROOKLINE BANCORP INC DEL	28,180	$311K	0.3%	$9.54	—	COM	11373M107
—	BANK AMER CORP	88,241	$307K	0.2%	$6.57	—	*W EXP 01/16/201	060505146
KRNY	KEARNY FINL CORP MD	24,276	$305K	0.2%	$11.16	+14.9%	COM	48716P108
—	BBCN BANCORP INC	19,981	$298K	0.2%	$16.57	—	COM	073295107
WFC	WELLS FARGO & CO NEW	75,200	$294K	0.2%	$30.76	+21.0%	Call	949746101
CROX	CROCS INC	25,492	$288K	0.2%	$12.37	-21.6%	COM	227046109
—	KKR & CO L P DEL	23,000	$284K	0.2%	$22.87	—	COM UNITS	48248M102
WSBF	WATERSTONE FINL INC MD	18,561	$284K	0.2%	$10.47	+36.6%	COM	94188P101
MCHB	HOMESTREET INC	13,888	$277K	0.2%	$20.81	0.0%	COM	43785V102
—	RADIUS HEALTH INC	7,500	$275K	0.2%	$66.19	—	COM NEW	750469207
OSBC	OLD SECOND BANCORP INC ILL	40,000	$273K	0.2%	$4.45	+46.0%	COM	680277100
—	ALLIED WRLD ASSUR COM HLDG A	7,500	$264K	0.2%	$62.93	—	SHS	H01531104
LEN	LENNAR CORP	5,597	$258K	0.2%	$30.45	+30.9%	CL A	526057104
—	PNC FINL SVCS GROUP INC	14,760	$258K	0.2%	$19.88	—	*W EXP 12/31/201	693475121
LNC	LINCOLN NATL CORP IND	6,600	$256K	0.2%	$31.80	-7.9%	COM	534187109
—	MERCHANTS BANCSHARES	8,260	$252K	0.2%	$31.94	—	COM	588448100
—	XL GROUP PLC	7,500	$250K	0.2%	$31.25	—	SHS	G98290102
—	LEGG MASON INC	8,177	$241K	0.2%	$43.54	—	COM	524901105
—	GUARANTY FED BANCSHARES INC	15,000	$240K	0.2%	$14.73	—	COM	40108P101
BDX	BECTON DICKINSON & CO	1,400	$238K	0.2%	$85.77	+61.3%	COM	075887109
WFC	WELLS FARGO & CO NEW	4,919	$233K	0.2%	$30.76	+21.0%	COM	949746101
—	ARGO GROUP INTL HLDGS LTD	4,495	$233K	0.2%	$50.25	—	COM	G0464B107
BPOP	POPULAR INC	7,929	$233K	0.2%	$20.37	+10.9%	COM NEW	733174700
PB	PROSPERITY BANCSHARES INC	4,433	$226K	0.2%	$38.21	0.0%	COM	743606105
UPS	UNITED PARCEL SERVICE INC	2,000	$216K	0.2%	$70.63	+3.5%	CL B	911312106
CB	CHUBB LIMITED	1,647	$215K	0.2%	$103.60	0.0%	COM	H1467J104
ABCB	AMERIS BANCORP	7,209	$214K	0.2%	$23.81	+13.1%	COM	03076K108
PFE	PFIZER INC	6,000	$211K	0.2%	$20.38	+3.3%	COM	717081103
—	FIRST CLOVER LEAF FIN CORP	17,352	$207K	0.2%	$9.80	—	COM	31969M105
—	CLIFTON BANCORP INC	13,697	$206K	0.2%	$14.09	—	COM	186873105
BMY	BRISTOL MYERS SQUIBB CO	2,788	$205K	0.2%	$44.54	+13.4%	COM	110122108
FCCO	FIRST CMNTY CORP S C	13,500	$189K	0.2%	$9.35	+20.7%	COM	319835104
GNE	GENIE ENERGY LTD	27,426	$186K	0.2%	$11.22	-34.2%	CL B	372284208
ALL	ALLSTATE CORP	22,100	$175K	0.1%	$41.21	+31.3%	Call	020002101
BK	BANK NEW YORK MELLON CORP	35,800	$174K	0.1%	$32.00	-3.1%	Call	064058100
—	ORITANI FINL CORP DEL	10,778	$173K	0.1%	$16.02	—	COM	68633D103
—	BB&T CORP	52,900	$168K	0.1%	$37.10	—	Call	054937107
—	MAIDEN HOLDINGS LTD	13,490	$165K	0.1%	$12.44	—	SHS	G5753U112
—	SUNTRUST BKS INC	22,000	$149K	0.1%	$37.06	—	Call	867914103
C	CITIGROUP INC	36,800	$146K	0.1%	$37.66	-12.1%	Call	172967424
SWKS	SKYWORKS SOLUTIONS INC	15,100	$145K	0.1%	—	—	Call	83088M102
PRKS	SEAWORLD ENTMT INC	10,000	$143K	0.1%	$18.57	-2.6%	COM	81282V100
—	SEVERN BANCORP ANNAPOLIS MD	23,558	$141K	0.1%	$4.85	—	COM	81811M100
—	PARK STERLING CORP	17,670	$125K	0.1%	$6.66	—	COM	70086Y105
—	EASTERN VA BANKSHARES INC	16,000	$121K	0.1%	$7.00	—	COM	277196101
—	BAY BANCORP INC	23,698	$120K	0.1%	$5.19	—	COM	07203T106
ZION	ZIONS BANCORPORATION	33,500	$103K	0.1%	—	—	Call	989701107
AIG	AMERICAN INTL GROUP INC	11,300	$97,000	0.1%	$37.86	+14.4%	Call	026874784
—	ABILITY INC	22,000	$86,000	0.1%	$9.56	—	SHS	G8789K108
MS	MORGAN STANLEY	46,200	$85,000	0.1%	$22.26	-10.6%	Call	617446448
KEY	KEYCORP NEW	54,500	$84,000	0.1%	$7.93	+0.8%	Call	493267108
ABT	ABBOTT LABS	19,600	$84,000	0.1%	—	—	Call	002824100
—	DISCOVER FINL SVCS	11,100	$69,000	0.1%	$56.00	—	Call	254709108
ZTS	ZOETIS INC	11,700	$67,000	0.1%	$42.76	+2.6%	Call	98978V103
MET	METLIFE INC	33,500	$64,000	0.1%	$30.13	-6.6%	Call	59156R108
RF	REGIONS FINL CORP NEW	35,600	$63,000	0.1%	$6.83	-6.5%	Call	7591EP100
PRU	PRUDENTIAL FINL INC	11,900	$62,000	0.1%	—	—	Call	744320102
—	GENERAL ELECTRIC CO	13,500	$49,000	0.0%	—	—	Call	369604103
—	RITE AID CORP	15,000	$42,000	0.0%	$7.51	—	Call	767754104
—	YOU ON DEMAND HLDGS INC	25,000	$41,000	0.0%	$6.36	—	COM NEW	98741R207
—	BIOSCRIP INC	14,802	$38,000	0.0%	$8.05	—	COM	09069N108
—	CIT GROUP INC	10,000	$37,000	0.0%	$48.88	—	Call	125581801
PFE	PFIZER INC	10,000	$35,000	0.0%	$20.38	+3.3%	Call	717081103
—	GLAXOSMITHKLINE PLC	10,000	$25,000	0.0%	—	—	Call	37733W105
FITB	FIFTH THIRD BANCORP	14,600	$23,000	0.0%	$13.25	-3.7%	Call	316773100
PRKS	SEAWORLD ENTMT INC	24,000	$14,000	0.0%	$18.57	-2.6%	Call	81282V100
—	INVENSENSE INC	18,000	$5,000	0.0%	—	—	Call	46123D205
—	ALCOA INC	10,000	$5,000	0.0%	—	—	Call	013817101