Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BAC	BANK AMER CORP	949,100	$20.98M	10.3%	$22.10 *	$11.13	+62.0%	COM	060505104
—	M & T BK CORP	96,455	$7.668M	3.8%	$79.50	$45.17	—	*W EXP 12/23/201	55261F112
—	MB FINANCIAL INC NEW	156,186	$7.377M	3.6%	$47.23	$29.85	—	COM	55264U108
—	SOUTHERN NATL BANCORP OF VA	449,373	$7.343M	3.6%	$16.34	$10.81	—	COM	843395104
—	JPMORGAN CHASE & CO	150,593	$6.667M	3.3%	$44.27	$20.43	—	*W EXP 10/28/201	46634E114
—	CAPITAL ONE FINL CORP	116,210	$5.251M	2.6%	$45.19	$35.00	—	*W EXP 11/14/201	14040H139
—	COWEN GROUP INC NEW	305,763	$4.739M	2.3%	$15.50	$15.50	—	CL A NEW	223622606
PNC	PNC FINL SVCS GROUP INC	40,472	$4.734M	2.3%	$116.97 *	$51.88	+67.4%	COM	693475105
—	RITE AID CORP	556,868	$4.589M	2.3%	$8.24	$8.01	—	COM	767754104
—	COMERICA INC	115,358	$4.47M	2.2%	$38.75	$20.65	—	*W EXP 11/14/201	200340115
CNO	CNO FINL GROUP INC	220,416	$4.221M	2.1%	$19.15 *	$12.73	+23.4%	COM	12621E103
—	MERIDIAN BANCORP INC MD	211,046	$3.988M	2.0%	$18.90	$11.49	—	COM	58958U103
PGC	PEAPACK-GLADSTONE FINL CORP	112,462	$3.473M	1.7%	$30.88 *	$17.15	+68.8%	COM	704699107
—	STERLING BANCORP DEL	143,558	$3.359M	1.7%	$23.40	$14.40	—	COM	85917A100
JPM	JPMORGAN CHASE & CO	110,000	$3.249M	1.6%	$29.54 *	$44.73	+51.6%	Call	46625H100
KEY	KEYCORP NEW	177,092	$3.235M	1.6%	$18.27 *	$7.93	+56.8%	COM	493267108
—	BB&T CORP	65,636	$3.086M	1.5%	$47.02	$37.10	—	COM	054937107
—	SOUTH ST CORP	33,607	$2.937M	1.4%	$87.39	$60.08	—	COM	840441109
SBCF	SEACOAST BKG CORP FLA	131,218	$2.895M	1.4%	$22.06	$11.28	+95.6%	COM NEW	811707801
JPM	JPMORGAN CHASE & CO	32,287	$2.786M	1.4%	$86.29 *	$44.73	+51.6%	COM	46625H100
FITB	FIFTH THIRD BANCORP	100,604	$2.713M	1.3%	$26.97 *	$13.25	+47.5%	COM	316773100
HWC	HANCOCK HLDG CO	59,740	$2.575M	1.3%	$43.10	$32.37	+33.1%	COM	410120109
—	FRANKLIN FINL NETWORK INC	58,133	$2.433M	1.2%	$41.85	$29.22	—	COM	35352P104
RF	REGIONS FINL CORP NEW	167,888	$2.411M	1.2%	$14.36 *	$7.34	+40.3%	COM	7591EP100
—	SYNOVUS FINL CORP	57,577	$2.365M	1.2%	$41.08	$24.53	—	COM NEW	87161C501
IMPM	IMPAC MTG HLDGS INC	157,293	$2.206M	1.1%	$14.02 *	$10.89	+35.5%	COM NEW	45254P508
BAC	BANK AMER CORP	213,400	$2.157M	1.1%	$10.11 *	$11.13	+62.0%	Call	060505104
—	HARTFORD FINL SVCS GROUP INC	51,218	$2.112M	1.0%	$41.24	$27.51	—	*W EXP 06/26/201	416515120
NBTB	NBT BANCORP INC	48,997	$2.052M	1.0%	$41.88	$24.54	+70.7%	COM	628778102
COF	CAPITAL ONE FINL CORP	22,671	$1.978M	1.0%	$87.25 *	$60.38	+23.5%	COM	14040H105
—	1ST CONSTITUTION BANCORP	105,254	$1.968M	1.0%	$18.70	$17.95	—	COM	31986N102
MTB	M & T BK CORP	12,065	$1.887M	0.9%	$156.40 *	$88.80	+35.8%	COM	55261F104
—	PINNACLE FINL PARTNERS INC	27,000	$1.871M	0.9%	$69.30	$54.07	—	COM	72346Q104
ABR	ARBOR RLTY TR INC	224,059	$1.671M	0.8%	$7.46	$6.69	—	COM	038923108
—	BANK AMER CORP	167,532	$1.667M	0.8%	$9.95	$8.17	—	*W EXP 01/16/201	060505146
—	MIDSOUTH BANCORP INC	118,536	$1.612M	0.8%	$13.60	$15.24	—	COM	598039105
—	ESSA BANCORP INC	91,826	$1.444M	0.7%	$15.73	$11.56	—	COM	29667D104
CMA	COMERICA INC	21,050	$1.434M	0.7%	$68.12 *	$33.45	+40.6%	COM	200340107
—	XENITH BANKSHARES INC NEW	49,466	$1.395M	0.7%	$28.20	$28.20	—	COM NEW	984102202
—	TRIANGLE CAP CORP	75,887	$1.392M	0.7%	$18.34	$19.32	—	COM	895848109
C	CITIGROUP INC	22,797	$1.354M	0.7%	$59.39 *	$37.66	+19.0%	COM NEW	172967424
CERS	CERUS CORP	310,190	$1.35M	0.7%	$4.35	$5.03	-13.5%	COM	157085101
FGBI	FIRST GTY BANCSHARES INC	55,676	$1.332M	0.7%	$23.92 *	$9.58	+41.5%	COM	32043P106
—	SUNTRUST BKS INC	24,187	$1.327M	0.7%	$54.86	$37.06	—	COM	867914103
PEG	PUBLIC SVC ENTERPRISE GROUP	28,700	$1.259M	0.6%	$43.87 *	$21.50	+50.1%	COM	744573106
USB	US BANCORP DEL	24,288	$1.248M	0.6%	$51.38 *	$25.38	+44.5%	COM NEW	902973304
—	SUNTRUST BKS INC	57,188	$1.213M	0.6%	$21.21	$10.80	—	*W EXP 12/31/201	867914129
GSBD	GOLDMAN SACHS BDC INC	50,128	$1.179M	0.6%	$23.52	$21.30	+10.4%	SHS	38147U107
EFSC	ENTERPRISE FINL SVCS CORP	27,345	$1.176M	0.6%	$43.01 *	$15.45	+136.6%	COM	293712105
THG	HANOVER INS GROUP INC	12,804	$1.165M	0.6%	$90.99 *	$42.09	+66.3%	COM	410867105
—	BENEFICIAL BANCORP INC	62,072	$1.143M	0.6%	$18.41	$11.61	—	COM	08171T102
MS	MORGAN STANLEY	25,809	$1.09M	0.5%	$42.23 *	$22.26	+46.5%	COM NEW	617446448
NWBI	NORTHWEST BANCSHARES INC MD	53,380	$963K	0.5%	$18.04 *	$6.88	+56.2%	COM	667340103
C	CITIGROUP INC	51,200	$939K	0.5%	$18.34 *	$37.66	+19.0%	Call	172967424
—	UNITED CMNTY BANCORP IND	55,000	$919K	0.5%	$16.71	$12.25	—	COM	90984R101
—	FIRST NBC BK HLDG CO	125,533	$916K	0.5%	$7.30	$8.52	—	COM	32115D106
—	STATE BK FINL CORP	33,236	$893K	0.4%	$26.87	$18.34	—	COM	856190103
—	TERRITORIAL BANCORP INC	26,457	$869K	0.4%	$32.85	$26.36	—	COM	88145X108
—	FIRST DEFIANCE FINL CORP	17,016	$863K	0.4%	$50.72	$27.08	—	COM	32006W106
—	UNITED FINL BANCORP INC NEW	47,369	$860K	0.4%	$18.16	$13.55	—	COM	910304104
OLP	ONE LIBERTY PPTYS INC	33,548	$843K	0.4%	$25.13	$21.30	—	COM	682406103
MET	METLIFE INC	15,277	$823K	0.4%	$53.87 *	$30.13	+17.5%	COM	59156R108
—	WELLS FARGO & CO NEW	37,967	$809K	0.4%	$21.31	$17.40	—	*W EXP 10/28/201	949746119
MRCC	MONROE CAP CORP	51,304	$789K	0.4%	$15.38 *	$4.65	+11.1%	COM	610335101
—	BB&T CORP	58,700	$778K	0.4%	$13.25	$37.10	—	Call	054937107
—	WELLS FARGO & CO NEW	75,300	$773K	0.4%	$10.27	$17.40	—	Call	949746119
—	FAUQUIER BANKSHARES INC VA	46,781	$756K	0.4%	$16.16	$16.16	—	COM	312059108
CNOB	CONNECTONE BANCORP INC NEW	28,985	$752K	0.4%	$25.94 *	$15.05	+40.7%	COM	20786W107
—	PNC FINL SVCS GROUP INC	14,754	$728K	0.4%	$49.34	$19.88	—	*W EXP 12/31/201	693475121
BPOP	POPULAR INC	15,924	$698K	0.3%	$43.83 *	$25.86	+31.4%	COM NEW	733174700
—	BNC BANCORP	21,841	$697K	0.3%	$31.91	$22.71	—	COM	05566T101
CFG	CITIZENS FINL GROUP INC	19,305	$688K	0.3%	$35.64 *	$21.33	+17.7%	COM	174610105
—	UNION BANKSHARES CORP NEW	18,909	$676K	0.3%	$35.75	$24.61	—	COM	90539J109
—	INVESTORS BANCORP INC NEW	48,125	$671K	0.3%	$13.94	$10.99	—	COM	46146L101
MS	MORGAN STANLEY	46,200	$652K	0.3%	$14.11 *	$22.26	+46.5%	Call	617446448
META	FACEBOOK INC	5,500	$633K	0.3%	$115.09	$49.86	+129.1%	CL A	30303M102
HAFC	HANMI FINL CORP	17,914	$625K	0.3%	$34.89	$18.99	+83.8%	COM NEW	410495204
—	CIT GROUP INC	14,340	$612K	0.3%	$42.68	$48.88	—	COM NEW	125581801
ALL	ALLSTATE CORP	7,418	$550K	0.3%	$74.14 *	$41.21	+47.2%	COM	020002101
TOWN	TOWNEBANK PORTSMOUTH VA	16,527	$550K	0.3%	$33.28	$20.95	+58.7%	COM	89214P109
ZION	ZIONS BANCORPORATION	33,500	$530K	0.3%	$15.82	—	—	Call	989701107
HBAN	HUNTINGTON BANCSHARES INC	36,607	$484K	0.2%	$13.22 *	$5.68	+58.8%	COM	446150104
STT	STATE STR CORP	6,088	$473K	0.2%	$77.69 *	$50.63	+17.9%	COM	857477103
—	DISCOVER FINL SVCS	6,493	$468K	0.2%	$72.08	$56.00	—	COM	254709108
—	BROOKLINE BANCORP INC DEL	28,180	$462K	0.2%	$16.39	$9.54	—	COM	11373M107
BK	BANK NEW YORK MELLON CORP	40,800	$454K	0.2%	$11.13 *	$31.29	+19.3%	Call	064058100
OSBC	OLD SECOND BANCORP INC ILL	40,000	$442K	0.2%	$11.05 *	$4.45	+128.0%	COM	680277100
—	PARAGON COML CORP	10,000	$437K	0.2%	$43.70	$35.10	—	COM NEW	69911U403
HOPE	HOPE BANCORP INC	19,981	$437K	0.2%	$21.87	$16.20	+35.1%	COM	43940T109
LNC	LINCOLN NATL CORP IND	6,585	$436K	0.2%	$66.21 *	$31.80	+45.6%	COM	534187109
GSBD	GOLDMAN SACHS BDC INC	5,600	$426K	0.2%	$76.07 *	$21.30	+10.4%	Call	38147U107
—	SEVERN BANCORP ANNAPOLIS MD	53,558	$423K	0.2%	$7.90	$6.56	—	COM	81811M100
CBFV	CB FINL SVCS INC	16,268	$421K	0.2%	$25.88 *	$16.84	+7.6%	COM	12479G101
—	ALLIED WRLD ASSUR COM HLDG A	7,458	$401K	0.2%	$53.77	$62.93	—	SHS	H01531104
KEY	KEYCORP NEW	54,400	$397K	0.2%	$7.30 *	$7.93	+56.8%	Call	493267108
KRNY	KEARNY FINL CORP MD	24,238	$377K	0.2%	$15.55	$11.16	+39.4%	COM	48716P108
—	KKR & CO L P DEL	23,000	$354K	0.2%	$15.39	$22.87	—	COM UNITS	48248M102
—	DISCOVER FINL SVCS	14,600	$353K	0.2%	$24.18	$56.00	—	Call	254709108
—	PACIFIC MERCANTILE BANCORP	47,000	$343K	0.2%	$7.30	$7.11	—	COM	694552100
MET	METLIFE INC	33,500	$343K	0.2%	$10.24 *	$30.13	+17.5%	Call	59156R108
WSBF	WATERSTONE FINL INC MD	18,556	$341K	0.2%	$18.38	$10.47	+75.8%	COM	94188P101
PRU	PRUDENTIAL FINL INC	11,900	$336K	0.2%	$28.24	—	—	Call	744320102
ALL	ALLSTATE CORP	22,100	$326K	0.2%	$14.75 *	$41.21	+47.2%	Call	020002101
—	SUNTRUST BKS INC	16,500	$325K	0.2%	$19.70	$10.80	—	Call	867914129
—	BAY BANCORP INC	48,698	$321K	0.2%	$6.59	$5.35	—	COM	07203T106
FDUS	FIDUS INVT CORP	20,400	$321K	0.2%	$15.74 *	$5.75	+0.7%	COM	316500107
—	GUARANTY FED BANCSHARES INC	15,000	$318K	0.2%	$21.20	$14.73	—	COM	40108P101
PB	PROSPERITY BANCSHARES INC	4,433	$318K	0.2%	$71.73 *	$38.21	+44.9%	COM	743606105
T	AT&T INC	7,295	$310K	0.2%	$42.49 *	$11.77	+43.0%	COM	00206R102
—	LYDALL INC DEL	5,000	$309K	0.2%	$61.80	$51.20	—	COM	550819106
AIG	AMERICAN INTL GROUP INC	4,613	$301K	0.1%	$65.25 *	$37.86	+37.3%	COM NEW	026874784
—	LEADING BRANDS INC	197,571	$301K	0.1%	$1.52	$3.85	—	COM NEW	52170U207
—	RADIUS HEALTH INC	7,500	$285K	0.1%	$38.00	$66.19	—	COM NEW	750469207
—	XL GROUP LTD	7,496	$279K	0.1%	$37.22	$33.62	—	COM	G98294104
SMBK	SMARTFINANCIAL INC	15,000	$278K	0.1%	$18.53	$17.98	+3.2%	COM NEW	83190L208
—	YADKIN FINL CORP	7,500	$257K	0.1%	$34.27	$34.27	—	COM	984305102
ABCB	AMERIS BANCORP	5,869	$256K	0.1%	$43.62 *	$23.81	+62.5%	COM	03076K108
—	FIDELITY SOUTHERN CORP NEW	10,617	$251K	0.1%	$23.64	$23.64	—	COM	316394105
SWKS	SKYWORKS SOLUTIONS INC	15,100	$250K	0.1%	$16.56	—	—	Call	83088M102
—	LEGG MASON INC	8,169	$244K	0.1%	$29.87	$43.54	—	COM	524901105
FCCO	FIRST CMNTY CORP S C	13,500	$244K	0.1%	$18.07 *	$9.35	+53.7%	COM	319835104
LEN	LENNAR CORP	5,593	$240K	0.1%	$42.91 *	$30.45	+22.5%	CL A	526057104
—	MAIDEN HOLDINGS LTD	13,488	$235K	0.1%	$17.42	$12.44	—	SHS	G5753U112
BDX	BECTON DICKINSON & CO	1,394	$231K	0.1%	$165.71 *	$85.77	+64.7%	COM	075887109
—	HOMETOWN BANKSHARES CORP	24,960	$231K	0.1%	$9.25	$9.25	—	COM	43787N108
UPS	UNITED PARCEL SERVICE INC	1,993	$228K	0.1%	$114.40 *	$70.63	+16.0%	CL B	911312106
—	CLIFTON BANCORP INC	12,961	$219K	0.1%	$16.90	$14.09	—	COM	186873105
CB	CHUBB LIMITED	1,645	$217K	0.1%	$131.91 *	$103.60	+8.9%	COM	H1467J104
RF	REGIONS FINL CORP NEW	35,600	$215K	0.1%	$6.04 *	$7.34	+40.3%	Call	7591EP100
—	BANK COMM HLDGS	22,300	$212K	0.1%	$9.51	$7.22	—	COM	06424J103
HTGC	HERCULES CAPITAL INC	15,000	$212K	0.1%	$14.13	$13.61	+3.6%	COM	427096508
MCHB	HOMESTREET INC	6,600	$209K	0.1%	$31.67	$28.67	+10.2%	COM	43785V102
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$209K	0.1%	$171.88 *	$168.80	-3.8%	CL A	55825T103
VDE	VANGUARD WORLD FDS	2,000	$209K	0.1%	$104.50	$99.99	+4.7%	ENERGY ETF	92204A306
AIG	AMERICAN INTL GROUP INC	11,300	$208K	0.1%	$18.41 *	$37.86	+37.3%	Call	026874784
PFE	PFIZER INC	5,988	$194K	0.1%	$32.40 *	$20.38	+2.0%	COM	717081103
—	PARK STERLING CORP	17,670	$191K	0.1%	$10.81	$6.66	—	COM	70086Y105
PRKS	SEAWORLD ENTMT INC	10,000	$189K	0.1%	$18.90	$18.57	+1.9%	COM	81282V100
—	ALCENTRA CAP CORP	15,375	$184K	0.1%	$11.97	$11.97	—	COM	01374T102
CROX	CROCS INC	25,492	$175K	0.1%	$6.86	$12.37	-44.5%	COM	227046109
—	EASTERN VA BANKSHARES INC	15,977	$167K	0.1%	$10.45	$7.00	—	COM	277196101
BMY	BRISTOL MYERS SQUIBB CO	2,786	$163K	0.1%	$58.51 *	$39.53	+6.9%	COM	110122108
ZTS	ZOETIS INC	11,700	$159K	0.1%	$13.59 *	$47.09	+6.0%	Call	98978V103
GNE	GENIE ENERGY LTD	26,880	$155K	0.1%	$5.77	$11.22	-48.7%	CL B	372284208
FITB	FIFTH THIRD BANCORP	14,600	$140K	0.1%	$9.59 *	$13.25	+47.5%	Call	316773100
ZTS	ZOETIS INC	2,095	$112K	0.1%	$53.46 *	$47.09	+6.0%	CL A	98978V103
BMY	BRISTOL MYERS SQUIBB CO	6,000	$110K	0.1%	$18.33 *	$39.53	+6.9%	Call	110122108
—	CIT GROUP INC	10,000	$99,000	0.0%	$9.90	$48.88	—	Call	125581801
BK	BANK NEW YORK MELLON CORP	2,000	$95,000	0.0%	$47.50 *	$31.29	+19.3%	COM	064058100
PRKS	SEAWORLD ENTMT INC	24,000	$78,000	0.0%	$3.25 *	$18.57	+1.9%	Call	81282V100
ABT	ABBOTT LABS	19,600	$72,000	0.0%	$3.67	—	—	Call	002824100
—	ABILITY INC	22,000	$61,000	0.0%	$2.77	$9.56	—	SHS	G8789K108
—	GENERAL ELECTRIC CO	13,500	$61,000	0.0%	$4.52	—	—	Call	369604103
—	LEGG MASON INC	5,000	$51,000	0.0%	$10.20	$43.54	—	Call	524901105
—	RITE AID CORP	15,000	$41,000	0.0%	$2.73	$8.01	—	Call	767754104
PFE	PFIZER INC	10,000	$31,000	0.0%	$3.10 *	$20.38	+2.0%	Call	717081103
—	WECAST NETWORK INC	25,000	$31,000	0.0%	$1.24	$1.24	—	COM	94850Q106
LEN	LENNAR CORP	4,900	$17,000	0.0%	$3.47 *	$30.45	+22.5%	Call	526057104
—	BIOSCRIP INC	14,773	$15,000	0.0%	$1.02	$8.05	—	COM	09069N108
—	GLAXOSMITHKLINE PLC	10,000	$8,000	0.0%	$0.80	—	—	Call	37733W105