Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	1,384,780	$32.67M	15.6%	$13.73	+41.2%	COM	060505104
—	M & T BK CORP	123,806	$7.784M	3.7%	$49.08	—	*W EXP 12/23/201	55261F112
—	JPMORGAN CHASE & CO	167,293	$7.747M	3.7%	$23.01	—	*W EXP 10/28/201	46634E114
—	SOUTHERN NATL BANCORP OF VA	449,373	$7.608M	3.6%	$10.81	—	COM	843395104
—	MB FINANCIAL INC NEW	155,186	$6.645M	3.2%	$29.85	—	COM	55264U108
—	CAPITAL ONE FINL CORP	131,390	$5.205M	2.5%	$35.54	—	*W EXP 11/14/201	14040H139
PNC	PNC FINL SVCS GROUP INC	40,472	$4.866M	2.3%	$51.88	+76.0%	COM	693475105
—	COMERICA INC	115,358	$4.53M	2.2%	$20.65	—	*W EXP 11/14/201	200340115
CNO	CNO FINL GROUP INC	218,416	$4.478M	2.1%	$12.73	+29.3%	COM	12621E103
—	MERIDIAN BANCORP INC MD	211,046	$3.862M	1.8%	$11.49	—	COM	58958U103
—	STERLING BANCORP DEL	143,558	$3.402M	1.6%	$14.40	—	COM	85917A100
PGC	PEAPACK-GLADSTONE FINL CORP	112,462	$3.328M	1.6%	$17.15	+68.8%	COM	704699107
KEY	KEYCORP NEW	177,092	$3.149M	1.5%	$7.93	+57.4%	COM	493267108
SBCF	SEACOAST BKG CORP FLA	131,218	$3.147M	1.5%	$11.28	+103.2%	COM NEW	811707801
—	SOUTH ST CORP	33,607	$3.003M	1.4%	$60.08	—	COM	840441109
—	RITE AID CORP	705,434	$2.998M	1.4%	$7.21	—	COM	767754104
JPM	JPMORGAN CHASE & CO	32,532	$2.858M	1.4%	$44.73	+55.8%	COM	46625H100
—	BB&T CORP	63,499	$2.839M	1.4%	$37.10	—	COM	054937107
HWC	HANCOCK HLDG CO	59,740	$2.721M	1.3%	$32.37	+41.1%	COM	410120109
JPM	JPMORGAN CHASE & CO	86,300	$2.593M	1.2%	$44.73	+55.8%	Call	46625H100
FITB	FIFTH THIRD BANCORP	100,604	$2.555M	1.2%	$13.25	+45.8%	COM	316773100
RF	REGIONS FINL CORP NEW	167,888	$2.439M	1.2%	$7.34	+44.3%	COM	7591EP100
—	BANK AMER CORP	215,532	$2.436M	1.2%	$8.87	—	*W EXP 01/16/201	060505146
—	SYNOVUS FINL CORP	56,762	$2.328M	1.1%	$24.53	—	COM NEW	87161C501
—	FRANKLIN FINL NETWORK INC	58,133	$2.253M	1.1%	$29.22	—	COM	35352P104
—	HARTFORD FINL SVCS GROUP INC	53,218	$2.221M	1.1%	$28.05	—	*W EXP 06/26/201	416515120
IMPM	IMPAC MTG HLDGS INC	163,925	$2.042M	1.0%	$11.00	+23.6%	COM NEW	45254P508
COF	CAPITAL ONE FINL CORP	22,671	$1.965M	0.9%	$60.38	+26.4%	COM	14040H105
—	MIDSOUTH BANCORP INC	127,265	$1.947M	0.9%	$15.25	—	COM	598039105
—	1ST CONSTITUTION BANCORP	105,254	$1.942M	0.9%	$17.95	—	COM	31986N102
BAC	BANK AMER CORP	167,400	$1.906M	0.9%	$13.73	+41.2%	Call	060505104
ABR	ARBOR RLTY TR INC	224,059	$1.878M	0.9%	$6.69	—	COM	038923108
MTB	M & T BK CORP	12,065	$1.867M	0.9%	$88.80	+40.7%	COM	55261F104
—	PINNACLE FINL PARTNERS INC	27,000	$1.794M	0.9%	$54.07	—	COM	72346Q104
NBTB	NBT BANCORP INC	42,997	$1.594M	0.8%	$24.54	+64.3%	COM	628778102
—	TRIANGLE CAP CORP	75,887	$1.449M	0.7%	$19.32	—	COM	895848109
CMA	COMERICA INC	21,050	$1.444M	0.7%	$33.45	+44.2%	COM	200340107
CERS	CERUS CORP	313,019	$1.393M	0.7%	$5.03	-15.7%	COM	157085101
—	SUNTRUST BKS INC	76,678	$1.389M	0.7%	$12.66	—	*W EXP 12/31/201	867914129
C	CITIGROUP INC	22,797	$1.363M	0.7%	$37.66	+18.6%	COM NEW	172967424
FGBI	FIRST GTY BANCSHARES INC	55,476	$1.343M	0.6%	$9.58	+41.9%	COM	32043P106
—	SUNTRUST BKS INC	24,187	$1.338M	0.6%	$37.06	—	COM	867914103
PEG	PUBLIC SVC ENTERPRISE GROUP	28,700	$1.273M	0.6%	$21.50	+51.4%	COM	744573106
—	XENITH BANKSHARES INC NEW	49,466	$1.255M	0.6%	$28.20	—	COM NEW	984102202
USB	US BANCORP DEL	24,288	$1.251M	0.6%	$25.38	+50.0%	COM NEW	902973304
GSBD	GOLDMAN SACHS BDC INC	50,128	$1.235M	0.6%	$21.30	+14.2%	SHS	38147U107
—	ESSA BANCORP INC	81,826	$1.193M	0.6%	$11.56	—	COM	29667D104
EFSC	ENTERPRISE FINL SVCS CORP	27,345	$1.159M	0.6%	$15.45	+133.6%	COM	293712105
THG	HANOVER INS GROUP INC	12,804	$1.153M	0.6%	$42.09	+62.0%	COM	410867105
C	CITIGROUP INC	61,200	$1.127M	0.5%	$37.66	+18.6%	Call	172967424
MS	MORGAN STANLEY	25,809	$1.106M	0.5%	$22.26	+54.4%	COM NEW	617446448
KINS	KINGSTONE COS INC	63,000	$1.005M	0.5%	$11.70	0.0%	COM	496719105
—	UNITED CMNTY BANCORP IND	55,000	$974K	0.5%	$12.25	—	COM	90984R101
BANC	BANC OF CALIFORNIA INC	43,900	$909K	0.4%	$15.16	0.0%	COM	05990K106
—	TERRITORIAL BANCORP INC	37,997	$892K	0.4%	$25.48	—	COM	88145X108
—	STATE BK FINL CORP	33,236	$868K	0.4%	$18.34	—	COM	856190103
—	FAUQUIER BANKSHARES INC VA	46,781	$849K	0.4%	$16.16	—	COM	312059108
—	WELLS FARGO & CO NEW	45,005	$843K	0.4%	$17.61	—	*W EXP 10/28/201	949746119
—	FIRST DEFIANCE FINL CORP	17,016	$842K	0.4%	$27.08	—	COM	32006W106
MET	METLIFE INC	15,277	$807K	0.4%	$30.13	+17.2%	COM	59156R108
MRCC	MONROE CAP CORP	51,304	$807K	0.4%	$4.65	+17.5%	COM	610335101
—	UNITED FINL BANCORP INC NEW	47,369	$806K	0.4%	$13.55	—	COM	910304104
—	ATLANTIC COAST FINL CORP	105,000	$800K	0.4%	$7.62	—	COM	048426100
OLP	ONE LIBERTY PPTYS INC	33,548	$784K	0.4%	$21.30	—	COM	682406103
META	FACEBOOK INC	5,500	$781K	0.4%	$49.86	+166.2%	CL A	30303M102
—	PNC FINL SVCS GROUP INC	14,754	$780K	0.4%	$19.88	—	*W EXP 12/31/201	693475121
—	BNC BANCORP	21,841	$766K	0.4%	$22.71	—	COM	05566T101
CNOB	CONNECTONE BANCORP INC NEW	28,985	$703K	0.3%	$15.05	+34.3%	COM	20786W107
—	UNION BANKSHARES CORP NEW	18,909	$665K	0.3%	$24.61	—	COM	90539J109
BPOP	POPULAR INC	15,924	$649K	0.3%	$25.86	+29.5%	COM NEW	733174700
MS	MORGAN STANLEY	46,200	$639K	0.3%	$22.26	+54.4%	Call	617446448
—	INVESTORS BANCORP INC NEW	44,125	$635K	0.3%	$10.99	—	COM	46146L101
—	CIT GROUP INC	14,340	$616K	0.3%	$48.88	—	COM NEW	125581801
—	AMERICAN INTL GROUP INC	39,219	$615K	0.3%	$15.68	—	*W EXP 01/19/202	026874156
ALL	ALLSTATE CORP	7,418	$604K	0.3%	$41.21	+56.6%	COM	020002101
CBFV	CB FINL SVCS INC	21,268	$602K	0.3%	$17.30	+8.5%	COM	12479G101
—	BB&T CORP	55,700	$564K	0.3%	$37.10	—	Call	054937107
HAFC	HANMI FINL CORP	17,914	$551K	0.3%	$18.99	+73.6%	COM NEW	410495204
TOWN	TOWNEBANK PORTSMOUTH VA	16,527	$535K	0.3%	$20.95	+54.8%	COM	89214P109
SWKS	SKYWORKS SOLUTIONS INC	13,500	$492K	0.2%	—	—	Call	83088M102
HBAN	HUNTINGTON BANCSHARES INC	36,607	$490K	0.2%	$5.68	+64.3%	COM	446150104
—	FIRST NBC BK HLDG CO	121,531	$486K	0.2%	$8.52	—	COM	32115D106
STT	STATE STR CORP	6,088	$485K	0.2%	$50.63	+20.3%	COM	857477103
NWBI	NORTHWEST BANCSHARES INC MD	37,279	$454K	0.2%	$6.88	+52.9%	COM	667340103
OSBC	OLD SECOND BANCORP INC ILL	40,000	$450K	0.2%	$4.45	+122.3%	COM	680277100
—	DISCOVER FINL SVCS	6,493	$444K	0.2%	$56.00	—	COM	254709108
—	BROOKLINE BANCORP INC DEL	28,180	$441K	0.2%	$9.54	—	COM	11373M107
LNC	LINCOLN NATL CORP IND	6,585	$431K	0.2%	$31.80	+50.9%	COM	534187109
BK	BANK NEW YORK MELLON CORP	40,800	$430K	0.2%	$31.29	+18.1%	Call	064058100
—	KKR & CO L P DEL	23,000	$419K	0.2%	$22.87	—	COM UNITS	48248M102
—	PARAGON COML CORP	7,500	$401K	0.2%	$35.10	—	COM NEW	69911U403
—	ALCENTRA CAP CORP	29,092	$400K	0.2%	$12.81	—	COM	01374T102
—	ALLIED WRLD ASSUR COM HLDG A	7,458	$396K	0.2%	$62.93	—	SHS	H01531104
HOPE	HOPE BANCORP INC	19,981	$383K	0.2%	$16.20	+29.6%	COM	43940T109
—	BAY BANCORP INC	48,698	$382K	0.2%	$5.35	—	COM	07203T106
PRU	PRUDENTIAL FINL INC	11,900	$367K	0.2%	—	—	Call	744320102
KRNY	KEARNY FINL CORP MD	24,238	$365K	0.2%	$11.16	+35.3%	COM	48716P108
FDUS	FIDUS INVT CORP	20,400	$358K	0.2%	$5.75	+7.0%	COM	316500107
GSBD	GOLDMAN SACHS BDC INC	5,600	$357K	0.2%	$21.30	+14.2%	Call	38147U107
—	PACIFIC MERCANTILE BANCORP	47,000	$355K	0.2%	$7.11	—	COM	694552100
—	LEADING BRANDS INC	197,571	$354K	0.2%	$3.85	—	COM NEW	52170U207
WSBF	WATERSTONE FINL INC MD	18,556	$339K	0.2%	$10.47	+74.6%	COM	94188P101
MCHB	HOMESTREET INC	11,600	$324K	0.2%	$28.16	-2.4%	COM	43785V102
PB	PROSPERITY BANCSHARES INC	4,433	$309K	0.1%	$38.21	+46.7%	COM	743606105
T	AT&T INC	7,295	$303K	0.1%	$11.77	+42.1%	COM	00206R102
MET	METLIFE INC	33,500	$300K	0.1%	$30.13	+17.2%	Call	59156R108
KEY	KEYCORP NEW	49,400	$299K	0.1%	$7.93	+57.4%	Call	493267108
—	XL GROUP LTD	7,496	$299K	0.1%	$33.62	—	COM	G98294104
FCCO	FIRST CMNTY CORP S C	13,500	$297K	0.1%	$9.35	+74.1%	COM	319835104
—	LEGG MASON INC	8,169	$295K	0.1%	$43.54	—	COM	524901105
—	RADIUS HEALTH INC	7,500	$290K	0.1%	$66.19	—	COM NEW	750469207
AIG	AMERICAN INTL GROUP INC	4,613	$288K	0.1%	$37.86	+35.1%	COM NEW	026874784
—	DISCOVER FINL SVCS	14,600	$286K	0.1%	$56.00	—	Call	254709108
—	GUARANTY FED BANCSHARES INC	15,000	$286K	0.1%	$14.73	—	COM	40108P101
LEN	LENNAR CORP	5,593	$286K	0.1%	$30.45	+36.0%	CL A	526057104
—	EASTERN VA BANKSHARES INC	25,977	$272K	0.1%	$8.34	—	COM	277196101
ABCB	AMERIS BANCORP	5,869	$271K	0.1%	$23.81	+70.5%	COM	03076K108
—	LYDALL INC DEL	5,000	$268K	0.1%	$51.20	—	COM	550819106
BDX	BECTON DICKINSON & CO	1,394	$256K	0.1%	$85.77	+78.0%	COM	075887109
—	CHEMICAL FINL CORP	4,856	$248K	0.1%	$51.07	—	COM	163731102
AAPL	APPLE INC	1,720	$247K	0.1%	$30.44	0.0%	COM	037833100
—	MAIDEN HOLDINGS LTD	17,488	$245K	0.1%	$12.80	—	SHS	G5753U112
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$243K	0.1%	$127.11	+2.4%	CL A	55825T103
—	HOMETOWN BANKSHARES CORP	24,960	$242K	0.1%	$9.25	—	COM	43787N108
—	BANK COMM HLDGS	22,300	$239K	0.1%	$7.22	—	COM	06424J103
—	FIDELITY SOUTHERN CORP NEW	10,617	$238K	0.1%	$23.64	—	COM	316394105
RF	REGIONS FINL CORP NEW	35,600	$230K	0.1%	$7.34	+44.3%	Call	7591EP100
HTGC	HERCULES CAPITAL INC	15,000	$227K	0.1%	$13.61	+7.7%	COM	427096508
CB	CHUBB LIMITED	1,645	$224K	0.1%	$103.60	+10.9%	COM	H1467J104
—	PARK STERLING CORP	17,670	$218K	0.1%	$6.66	—	COM	70086Y105
—	ARALEZ PHARMACEUTICALS INC	101,693	$216K	0.1%	$2.12	—	COM	03852X100
UPS	UNITED PARCEL SERVICE INC	1,993	$214K	0.1%	$70.63	+11.0%	CL B	911312106
ZION	ZIONS BANCORPORATION	17,000	$212K	0.1%	—	—	Call	989701107
—	CLIFTON BANCORP INC	12,961	$210K	0.1%	$14.09	—	COM	186873105
IAT	ISHARES TR	4,683	$210K	0.1%	$44.84	—	US REGNL BKS ETF	464288778
—	SUNTRUST BKS INC	10,400	$209K	0.1%	$37.06	—	Call	867914103
—	HANESBRANDS INC	10,000	$208K	0.1%	$20.80	—	COM	410345102
PFE	PFIZER INC	5,988	$205K	0.1%	$20.38	+5.1%	COM	717081103
—	ZIONS BANCORPORATION	17,500	$201K	0.1%	$11.49	—	*W EXP 05/22/202	989701115
GNE	GENIE ENERGY LTD	26,880	$195K	0.1%	$11.22	-47.7%	CL B	372284208
PRKS	SEAWORLD ENTMT INC	10,000	$183K	0.1%	$18.57	+0.1%	COM	81282V100
CROX	CROCS INC	25,492	$180K	0.1%	$12.37	-43.9%	COM	227046109
AIG	AMERICAN INTL GROUP INC	11,300	$171K	0.1%	$37.86	+35.1%	Call	026874784
BMY	BRISTOL MYERS SQUIBB CO	11,000	$165K	0.1%	$39.53	+1.0%	Call	110122108
BMY	BRISTOL MYERS SQUIBB CO	2,786	$152K	0.1%	$39.53	+1.0%	COM	110122108
ZTS	ZOETIS INC	11,700	$152K	0.1%	$47.09	+7.2%	Call	98978V103
FNB	FNB CORP PA	10,000	$149K	0.1%	$10.85	0.0%	COM	302520101
—	SAFEGUARD SCIENTIFICS INC	10,900	$138K	0.1%	$12.66	—	COM NEW	786449207
ABT	ABBOTT LABS	16,400	$115K	0.1%	—	—	Call	002824100
ZTS	ZOETIS INC	2,095	$112K	0.1%	$47.09	+7.2%	CL A	98978V103
—	CIT GROUP INC	10,000	$96,000	0.0%	$48.88	—	Call	125581801
FITB	FIFTH THIRD BANCORP	14,600	$94,000	0.0%	$13.25	+45.8%	Call	316773100
BK	BANK NEW YORK MELLON CORP	2,000	$94,000	0.0%	$31.29	+18.1%	COM	064058100
PRKS	SEAWORLD ENTMT INC	24,000	$57,000	0.0%	$18.57	+0.1%	Call	81282V100
—	WECAST NETWORK INC	25,000	$52,000	0.0%	$1.24	—	COM	94850Q106
—	ABILITY INC	22,000	$44,000	0.0%	$9.56	—	SHS	G8789K108
LEN	LENNAR CORP	4,900	$41,000	0.0%	$30.45	+36.0%	Call	526057104
—	GENERAL ELECTRIC CO	13,500	$38,000	0.0%	—	—	Call	369604103
PFE	PFIZER INC	10,000	$36,000	0.0%	$20.38	+5.1%	Call	717081103
—	HANESBRANDS INC	5,000	$32,000	0.0%	$20.80	—	Call	410345102
—	BIOSCRIP INC	14,873	$25,000	0.0%	$8.05	—	COM	09069N108
—	GLAXOSMITHKLINE PLC	10,000	$19,000	0.0%	—	—	Call	37733W105
—	RITE AID CORP	15,000	$10,000	0.0%	$7.21	—	Call	767754104