Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BAC	BANK AMER CORP	912,882	$14.29M	10.3%	$15.65 *	$10.95	+16.1%	COM	060505104
—	MB FINANCIAL INC NEW	161,686	$6.151M	4.4%	$38.04	$29.85	—	COM	55264U108
—	SOUTHERN NATL BANCORP OF VA	449,373	$5.864M	4.2%	$13.05	$10.81	—	COM	843395104
—	M & T BK CORP	96,455	$4.08M	2.9%	$42.30	$45.17	—	*W EXP 12/23/201	55261F112
PNC	PNC FINL SVCS GROUP INC	40,472	$3.646M	2.6%	$90.09 *	$51.88	+28.1%	COM	693475105
—	JPMORGAN CHASE & CO	144,419	$3.557M	2.6%	$24.63	$19.41	—	*W EXP 10/28/201	46634E114
—	CAPITAL ONE FINL CORP	116,210	$3.536M	2.5%	$30.43	$35.00	—	*W EXP 11/14/201	14040H139
CNO	CNO FINL GROUP INC	220,916	$3.373M	2.4%	$15.27 *	$12.73	-2.0%	COM	12621E103
—	MERIDIAN BANCORP INC MD	211,046	$3.286M	2.4%	$15.57	$11.49	—	COM	58958U103
—	COWEN GROUP INC NEW	772,004	$2.802M	2.0%	$3.63	$3.31	—	CL A	223622101
—	SOUTH ST CORP	33,607	$2.522M	1.8%	$75.04	$60.08	—	COM	840441109
PGC	PEAPACK-GLADSTONE FINL CORP	112,462	$2.52M	1.8%	$22.41 *	$17.15	+22.2%	COM	704699107
—	STERLING BANCORP DEL	143,558	$2.512M	1.8%	$17.50	$14.40	—	COM	85917A100
—	BB&T CORP	65,636	$2.476M	1.8%	$37.72	$37.10	—	COM	054937107
KEY	KEYCORP NEW	177,092	$2.155M	1.5%	$12.17 *	$7.93	+3.9%	COM	493267108
JPM	JPMORGAN CHASE & CO	32,287	$2.15M	1.5%	$66.59 *	$44.73	+16.1%	COM	46625H100
SBCF	SEACOAST BKG CORP FLA	132,218	$2.127M	1.5%	$16.09	$11.28	+42.7%	COM NEW	811707801
FITB	FIFTH THIRD BANCORP	100,604	$2.058M	1.5%	$20.46 *	$13.25	+11.3%	COM	316773100
—	COMERICA INC	104,358	$1.915M	1.4%	$18.35	$18.74	—	*W EXP 11/14/201	200340115
—	SYNOVUS FINL CORP	57,577	$1.873M	1.3%	$32.53	$24.53	—	COM NEW	87161C501
—	HARTFORD FINL SVCS GROUP INC	51,218	$1.841M	1.3%	$35.94	$27.51	—	*W EXP 06/26/201	416515120
CERS	CERUS CORP	292,156	$1.814M	1.3%	$6.21	$5.02	+23.8%	COM	157085101
HWC	HANCOCK HLDG CO	55,883	$1.812M	1.3%	$32.42	$31.98	+1.4%	COM	410120109
—	RITE AID CORP	213,868	$1.645M	1.2%	$7.69	$7.63	—	COM	767754104
ABR	ARBOR RLTY TR INC	221,503	$1.644M	1.2%	$7.42	$6.68	—	COM	038923108
COF	CAPITAL ONE FINL CORP	22,671	$1.628M	1.2%	$71.81 *	$60.38	+1.1%	COM	14040H105
NBTB	NBT BANCORP INC	48,997	$1.611M	1.2%	$32.88	$24.54	+33.9%	COM	628778102
—	FRANKLIN FINL NETWORK INC	41,288	$1.544M	1.1%	$37.40	$24.06	—	COM	35352P104
—	PINNACLE FINL PARTNERS INC	27,000	$1.46M	1.0%	$54.07	$54.07	—	COM	72346Q104
IMPM	IMPAC MTG HLDGS INC	108,958	$1.437M	1.0%	$13.19 *	$9.18	+76.8%	COM NEW	45254P508
MTB	M & T BK CORP	12,065	$1.401M	1.0%	$116.12 *	$88.80	+0.3%	COM	55261F104
JPM	JPMORGAN CHASE & CO	107,900	$1.398M	1.0%	$12.96 *	$44.73	+16.1%	Call	46625H100
—	ESSA BANCORP INC	91,826	$1.27M	0.9%	$13.83	$11.56	—	COM	29667D104
—	TRIANGLE CAP CORP	63,287	$1.247M	0.9%	$19.70	$19.52	—	COM	895848109
RF	REGIONS FINL CORP NEW	125,146	$1.235M	0.9%	$9.87 *	$6.83	+3.1%	COM	7591EP100
PEG	PUBLIC SVC ENTERPRISE GROUP	28,700	$1.202M	0.9%	$41.88 *	$21.50	+41.8%	COM	744573106
—	XENITH BANKSHARES INC NEW	494,739	$1.143M	0.8%	$2.31	$2.31	—	COM	984102103
EFSC	ENTERPRISE FINL SVCS CORP	36,195	$1.131M	0.8%	$31.25 *	$15.45	+71.5%	COM	293712105
C	CITIGROUP INC	22,797	$1.077M	0.8%	$47.24 *	$37.66	-5.8%	COM NEW	172967424
—	SUNTRUST BKS INC	24,187	$1.059M	0.8%	$43.78	$37.06	—	COM	867914103
BAC	BANK AMER CORP	251,800	$1.045M	0.8%	$4.15 *	$10.95	+16.1%	Call	060505104
USB	US BANCORP DEL	24,288	$1.042M	0.7%	$42.90 *	$25.38	+20.0%	COM NEW	902973304
GSBD	GOLDMAN SACHS BDC INC	47,128	$1.026M	0.7%	$21.77	$21.23	+2.5%	SHS	38147U107
THG	HANOVER INS GROUP INC	12,804	$966K	0.7%	$75.45 *	$42.09	+37.0%	COM	410867105
—	BENEFICIAL BANCORP INC	62,072	$913K	0.7%	$14.71	$11.61	—	COM	08171T102
FGBI	FIRST GTY BANCSHARES INC	54,636	$888K	0.6%	$16.25 *	$9.56	-4.3%	COM	32043P106
—	MIDSOUTH BANCORP INC	83,624	$870K	0.6%	$10.40	$15.93	—	COM	598039105
NWBI	NORTHWEST BANCSHARES INC MD	53,380	$839K	0.6%	$15.72 *	$6.88	+34.8%	COM	667340103
—	UNITED CMNTY BANCORP IND	55,000	$833K	0.6%	$15.15	$12.25	—	COM	90984R101
MS	MORGAN STANLEY	25,809	$827K	0.6%	$32.04 *	$22.26	+10.5%	COM NEW	617446448
OLP	ONE LIBERTY PPTYS INC	33,548	$811K	0.6%	$24.17	$21.30	—	COM	682406103
—	FIRST DEFIANCE FINL CORP	17,016	$760K	0.5%	$44.66	$27.08	—	COM	32006W106
—	TERRITORIAL BANCORP INC	26,462	$758K	0.5%	$28.64	$26.36	—	COM	88145X108
—	STATE BK FINL CORP	33,236	$758K	0.5%	$22.81	$18.34	—	COM	856190103
META	FACEBOOK INC	5,500	$705K	0.5%	$128.18	$49.86	+155.5%	CL A	30303M102
MET	METLIFE INC	15,277	$679K	0.5%	$44.45 *	$30.13	-3.9%	COM	59156R108
—	FIRST NBC BK HLDG CO	71,822	$678K	0.5%	$9.44	$9.44	—	COM	32115D106
—	UNITED FINL BANCORP INC NEW	47,369	$656K	0.5%	$13.85	$13.55	—	COM	910304104
MRCC	MONROE CAP CORP	38,480	$605K	0.4%	$15.72 *	$4.48	+16.5%	COM	610335101
—	SUNTRUST BKS INC	51,866	$592K	0.4%	$11.41	$9.74	—	*W EXP 12/31/201	867914129
—	INVESTORS BANCORP INC NEW	48,125	$578K	0.4%	$12.01	$10.99	—	COM	46146L101
CMA	COMERICA INC	11,350	$537K	0.4%	$47.31 *	$27.54	+18.3%	COM	200340107
—	BNC BANCORP	21,841	$531K	0.4%	$24.31	$22.71	—	COM	05566T101
CNOB	CONNECTONE BANCORP INC NEW	28,985	$523K	0.4%	$18.04 *	$15.05	-2.5%	COM	20786W107
—	CIT GROUP INC	14,340	$521K	0.4%	$36.33	$48.88	—	COM NEW	125581801
ALL	ALLSTATE CORP	7,418	$513K	0.4%	$69.16 *	$41.21	+36.7%	COM	020002101
—	UNION BANKSHARES CORP NEW	18,909	$506K	0.4%	$26.76	$24.61	—	COM	90539J109
—	WELLS FARGO & CO NEW	37,967	$474K	0.3%	$12.48	$17.40	—	*W EXP 10/28/201	949746119
HAFC	HANMI FINL CORP	17,914	$472K	0.3%	$26.35	$18.99	+38.7%	COM NEW	410495204
—	ENDURANCE SPECIALTY HLDGS LT	6,575	$430K	0.3%	$65.40	$58.64	—	SHS	G30397106
STT	STATE STR CORP	6,093	$424K	0.3%	$69.59 *	$50.63	+5.1%	COM	857477103
—	BANK AMER CORP	88,232	$408K	0.3%	$4.62	$6.57	—	*W EXP 01/16/201	060505146
—	RADIUS HEALTH INC	7,500	$406K	0.3%	$54.13	$66.19	—	COM NEW	750469207
C	CITIGROUP INC	51,200	$403K	0.3%	$7.87 *	$37.66	-5.8%	Call	172967424
TOWN	TOWNEBANK PORTSMOUTH VA	16,527	$397K	0.3%	$24.02	$20.95	+14.7%	COM	89214P109
AIG	AMERICAN INTL GROUP INC	33,400	$381K	0.3%	$11.41 *	$37.86	+24.1%	Call	026874784
—	DISCOVER FINL SVCS	6,493	$367K	0.3%	$56.52	$56.00	—	COM	254709108
—	PARAGON COML CORP	10,000	$363K	0.3%	$36.30	$35.10	—	COM NEW	69911U403
—	LEADING BRANDS INC	197,571	$361K	0.3%	$1.83	$3.85	—	COM NEW	52170U207
HBAN	HUNTINGTON BANCSHARES INC	36,607	$361K	0.3%	$9.86 *	$5.68	+17.7%	COM	446150104
HOPE	HOPE BANCORP INC	19,981	$347K	0.2%	$17.37	$16.20	+7.2%	COM	43940T109
—	PNC FINL SVCS GROUP INC	14,754	$347K	0.2%	$23.52	$19.88	—	*W EXP 12/31/201	693475121
—	PACIFIC MERCANTILE BANCORP	47,000	$346K	0.2%	$7.36	$7.11	—	COM	694552100
—	BROOKLINE BANCORP INC DEL	28,180	$344K	0.2%	$12.21	$9.54	—	COM	11373M107
OSBC	OLD SECOND BANCORP INC ILL	40,000	$332K	0.2%	$8.30 *	$4.45	+71.2%	COM	680277100
KRNY	KEARNY FINL CORP MD	24,238	$330K	0.2%	$13.61	$11.16	+22.0%	COM	48716P108
—	KKR & CO L P DEL	23,000	$328K	0.2%	$14.26	$22.87	—	COM UNITS	48248M102
WSBF	WATERSTONE FINL INC MD	18,556	$315K	0.2%	$16.98	$10.47	+62.3%	COM	94188P101
LNC	LINCOLN NATL CORP IND	6,585	$309K	0.2%	$46.92 *	$31.80	+2.7%	COM	534187109
—	BB&T CORP	52,900	$304K	0.2%	$5.75	$37.10	—	Call	054937107
BPOP	POPULAR INC	7,924	$303K	0.2%	$38.24 *	$20.37	+45.0%	COM NEW	733174700
—	ALLIED WRLD ASSUR COM HLDG A	7,458	$301K	0.2%	$40.36	$62.93	—	SHS	H01531104
T	AT&T INC	7,295	$296K	0.2%	$40.58 *	$11.77	+34.3%	COM	00206R102
SWKS	SKYWORKS SOLUTIONS INC	15,100	$277K	0.2%	$18.34	—	—	Call	83088M102
AIG	AMERICAN INTL GROUP INC	4,613	$274K	0.2%	$59.40 *	$37.86	+24.1%	COM NEW	026874784
—	LEGG MASON INC	8,169	$273K	0.2%	$33.42	$43.54	—	COM	524901105
—	BAY BANCORP INC	48,698	$268K	0.2%	$5.50	$5.35	—	COM	07203T106
—	LYDALL INC DEL	5,000	$256K	0.2%	$51.20	$51.20	—	COM	550819106
—	ARGO GROUP INTL HLDGS LTD	4,494	$254K	0.2%	$56.52	$50.25	—	COM	G0464B107
—	XL GROUP LTD	7,496	$252K	0.2%	$33.62	$33.62	—	COM	G98294104
ABCB	AMERIS BANCORP	7,209	$252K	0.2%	$34.96 *	$23.81	+30.0%	COM	03076K108
MS	MORGAN STANLEY	46,200	$252K	0.2%	$5.45 *	$22.26	+10.5%	Call	617446448
BDX	BECTON DICKINSON & CO	1,394	$251K	0.2%	$180.06 *	$85.77	+78.0%	COM	075887109
PB	PROSPERITY BANCSHARES INC	4,433	$243K	0.2%	$54.82 *	$38.21	+10.2%	COM	743606105
—	GUARANTY FED BANCSHARES INC	15,000	$242K	0.2%	$16.13	$14.73	—	COM	40108P101
LEN	LENNAR CORP	5,596	$237K	0.2%	$42.35 *	$30.45	+20.7%	CL A	526057104
BK	BANK NEW YORK MELLON CORP	35,800	$233K	0.2%	$6.51 *	$31.29	-0.0%	Call	064058100
UPS	UNITED PARCEL SERVICE INC	1,993	$218K	0.2%	$109.38 *	$70.63	+9.9%	CL B	911312106
—	1ST CONSTITUTION BANCORP	15,854	$218K	0.2%	$13.75	$13.75	—	COM	31986N102
FCCO	FIRST CMNTY CORP S C	13,500	$213K	0.2%	$15.78 *	$9.35	+33.4%	COM	319835104
CROX	CROCS INC	25,492	$212K	0.2%	$8.32	$12.37	-32.9%	COM	227046109
ZION	ZIONS BANCORPORATION	33,500	$208K	0.1%	$6.21	—	—	Call	989701107
CB	CHUBB LIMITED	1,645	$207K	0.1%	$125.84 *	$103.60	+3.1%	COM	H1467J104
—	SUNTRUST BKS INC	22,000	$206K	0.1%	$9.36	$37.06	—	Call	867914103
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$206K	0.1%	$169.41 *	$168.80	-4.9%	CL A	55825T103
PFE	PFIZER INC	5,988	$203K	0.1%	$33.90 *	$20.38	+5.3%	COM	717081103
—	CLIFTON BANCORP INC	12,961	$198K	0.1%	$15.28	$14.09	—	COM	186873105
WFC	WELLS FARGO & CO NEW	75,300	$183K	0.1%	$2.43 *	$30.76	+11.1%	Call	949746101
—	MAIDEN HOLDINGS LTD	13,488	$171K	0.1%	$12.68	$12.44	—	SHS	G5753U112
—	BANK COMM HLDGS	22,300	$161K	0.1%	$7.22	$7.22	—	COM	06424J103
—	DISCOVER FINL SVCS	22,900	$161K	0.1%	$7.03	$56.00	—	Call	254709108
GNE	GENIE ENERGY LTD	27,005	$159K	0.1%	$5.89	$11.22	-47.4%	CL B	372284208
ZTS	ZOETIS INC	11,700	$158K	0.1%	$13.50 *	$47.09	+2.8%	Call	98978V103
—	SEVERN BANCORP ANNAPOLIS MD	23,558	$153K	0.1%	$6.49	$4.85	—	COM	81811M100
KEY	KEYCORP NEW	54,400	$144K	0.1%	$2.65 *	$7.93	+3.9%	Call	493267108
—	PARK STERLING CORP	17,670	$143K	0.1%	$8.09	$6.66	—	COM	70086Y105
PRKS	SEAWORLD ENTMT INC	10,000	$135K	0.1%	$13.50	$18.57	-27.4%	COM	81282V100
—	EASTERN VA BANKSHARES INC	15,977	$128K	0.1%	$8.01	$7.00	—	COM	277196101
PRU	PRUDENTIAL FINL INC	11,900	$127K	0.1%	$10.67	—	—	Call	744320102
MET	METLIFE INC	33,500	$113K	0.1%	$3.37 *	$30.13	-3.9%	Call	59156R108
ABT	ABBOTT LABS	19,600	$111K	0.1%	$5.66	—	—	Call	002824100
ZTS	ZOETIS INC	2,095	$109K	0.1%	$52.03 *	$47.09	+2.8%	CL A	98978V103
RF	REGIONS FINL CORP NEW	35,600	$100K	0.1%	$2.81 *	$6.83	+3.1%	Call	7591EP100
—	ABILITY INC	22,000	$84,000	0.1%	$3.82	$9.56	—	SHS	G8789K108
BK	BANK NEW YORK MELLON CORP	2,000	$80,000	0.1%	$40.00 *	$31.29	-0.0%	COM	064058100
—	CIT GROUP INC	10,000	$60,000	0.0%	$6.00	$48.88	—	Call	125581801
FITB	FIFTH THIRD BANCORP	14,600	$53,000	0.0%	$3.63 *	$13.25	+11.3%	Call	316773100
—	BIOSCRIP INC	14,773	$43,000	0.0%	$2.91	$8.05	—	COM	09069N108
—	GENERAL ELECTRIC CO	13,500	$42,000	0.0%	$3.11	—	—	Call	369604103
PFE	PFIZER INC	10,000	$41,000	0.0%	$4.10 *	$20.38	+5.3%	Call	717081103
—	YOU ON DEMAND HLDGS INC	25,000	$38,000	0.0%	$1.52	$6.36	—	COM NEW	98741R207
PRKS	SEAWORLD ENTMT INC	24,000	$22,000	0.0%	$0.92 *	$18.57	-27.4%	Call	81282V100
LEN	LENNAR CORP	4,900	$21,000	0.0%	$4.29 *	$30.45	+20.7%	Call	526057104
—	INVENSENSE INC	18,000	$9,000	0.0%	$0.50	—	—	Call	46123D205
—	RITE AID CORP	15,000	$8,000	0.0%	$0.53	$7.63	—	Call	767754104
ALL	ALLSTATE CORP	3,000	$0	0.0%	$0.00	$41.21	+36.7%	Call	020002101