Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	1,523,814	$44.98M	17.7%	$14.32	+59.1%	COM	060505104
—	JPMORGAN CHASE & CO	169,298	$11.25M	4.4%	$23.33	—	*W EXP 10/28/201	46634E114
—	M & T BK CORP	96,457	$9.414M	3.7%	$49.08	—	*W EXP 12/23/201	55261F112
—	SOUTHERN NATL BANCORP OF VA	475,759	$7.626M	3.0%	$11.17	—	COM	843395104
—	CAPITAL ONE FINL CORP	119,210	$6.911M	2.7%	$35.54	—	*W EXP 11/14/201	14040H139
—	MB FINANCIAL INC NEW	155,186	$6.909M	2.7%	$29.85	—	COM	55264U108
—	COMERICA INC	114,763	$6.691M	2.6%	$20.65	—	*W EXP 11/14/201	200340115
PNC	PNC FINL SVCS GROUP INC	40,474	$5.84M	2.3%	$51.88	+101.7%	COM	693475105
—	FRANKLIN FINL NETWORK INC	158,216	$5.395M	2.1%	$32.52	—	COM	35352P104
—	COWEN INC	384,593	$5.249M	2.1%	$15.91	—	CL A NEW	223622606
CNO	CNO FINL GROUP INC	188,416	$4.652M	1.8%	$12.73	+59.3%	COM	12621E103
—	BANK AMER CORP	249,437	$4.38M	1.7%	$9.35	—	*W EXP 01/16/201	060505146
—	MERIDIAN BANCORP INC MD	211,051	$4.347M	1.7%	$11.49	—	COM	58958U103
PGC	PEAPACK-GLADSTONE FINL CORP	112,472	$3.939M	1.5%	$17.15	+88.0%	COM	704699107
KEY	KEYCORP NEW	177,092	$3.572M	1.4%	$7.93	+64.7%	COM	493267108
—	STERLING BANCORP DEL	143,500	$3.53M	1.4%	$14.40	—	COM	85917A100
SBCF	SEACOAST BKG CORP FLA	139,223	$3.51M	1.4%	$11.96	+109.1%	COM NEW	811707801
JPM	JPMORGAN CHASE & CO	32,289	$3.453M	1.4%	$44.73	+81.8%	COM	46625H100
—	BB&T CORP	63,265	$3.146M	1.2%	$37.10	—	COM	054937107
FITB	FIFTH THIRD BANCORP	100,609	$3.052M	1.2%	$13.25	+62.3%	COM	316773100
—	SOUTH ST CORP	34,984	$3.049M	1.2%	$61.15	—	COM	840441109
JPM	JPMORGAN CHASE & CO	86,300	$2.983M	1.2%	$44.73	+81.8%	Call	46625H100
HWC	HANCOCK HLDG CO	59,736	$2.957M	1.2%	$32.37	+52.7%	COM	410120109
RF	REGIONS FINL CORP NEW	167,647	$2.897M	1.1%	$7.34	+58.9%	COM	7591EP100
—	HARTFORD FINL SVCS GROUP INC	53,218	$2.743M	1.1%	$28.05	—	*W EXP 06/26/201	416515120
—	PINNACLE FINL PARTNERS INC	38,436	$2.548M	1.0%	$56.67	—	COM	72346Q104
—	SYNOVUS FINL CORP	51,762	$2.481M	1.0%	$24.53	—	COM NEW	87161C501
COF	CAPITAL ONE FINL CORP	22,639	$2.254M	0.9%	$60.38	+31.3%	COM	14040H105
BAC	BANK AMER CORP	158,600	$2.096M	0.8%	$14.32	+59.1%	Call	060505104
ABR	ARBOR RLTY TR INC	239,059	$2.065M	0.8%	$6.79	—	COM	038923108
—	1ST CONSTITUTION BANCORP	112,028	$2.05M	0.8%	$17.97	—	COM	31986N102
MTB	M & T BK CORP	11,960	$2.045M	0.8%	$88.80	+46.3%	COM	55261F104
—	SUNTRUST BKS INC	64,293	$2.004M	0.8%	$12.66	—	*W EXP 12/31/201	867914129
CMA	COMERICA INC	21,050	$1.827M	0.7%	$33.45	+68.1%	COM	200340107
—	MIDSOUTH BANCORP INC	137,426	$1.821M	0.7%	$14.90	—	COM	598039105
—	ATLANTIC COAST FINL CORP	183,180	$1.727M	0.7%	$7.87	—	COM	048426100
C	CITIGROUP INC	63,500	$1.713M	0.7%	$37.66	+49.9%	Call	172967424
IMPM	IMPAC MTG HLDGS INC	163,492	$1.661M	0.7%	$11.00	+9.8%	COM NEW	45254P508
—	SUNTRUST BKS INC	24,187	$1.562M	0.6%	$37.06	—	COM	867914103
FGBI	FIRST GTY BANCSHARES INC	61,020	$1.526M	0.6%	$10.15	+56.0%	COM	32043P106
NBTB	NBT BANCORP INC	39,997	$1.472M	0.6%	$24.54	+53.7%	COM	628778102
THG	HANOVER INS GROUP INC	12,804	$1.384M	0.5%	$42.09	+91.9%	COM	410867105
CERS	CERUS CORP	403,639	$1.364M	0.5%	$4.64	-27.0%	COM	157085101
USB	US BANCORP DEL	24,288	$1.301M	0.5%	$25.38	+53.9%	COM NEW	902973304
—	ESSA BANCORP INC	81,826	$1.282M	0.5%	$11.56	—	COM	29667D104
C	CITIGROUP INC	17,174	$1.278M	0.5%	$37.66	+49.9%	COM NEW	172967424
EFSC	ENTERPRISE FINL SVCS CORP	27,350	$1.235M	0.5%	$15.45	+142.9%	COM	293712105
—	CIT GROUP INC	24,340	$1.198M	0.5%	$49.02	—	COM NEW	125581801
—	PNC FINL SVCS GROUP INC	14,754	$1.147M	0.5%	$19.88	—	*W EXP 12/31/201	693475121
—	UNITED CMNTY BANCORP IND	55,005	$1.13M	0.4%	$12.25	—	COM	90984R101
—	XENITH BANKSHARES INC NEW	33,230	$1.124M	0.4%	$28.20	—	COM NEW	984102202
GSBD	GOLDMAN SACHS BDC INC	50,128	$1.112M	0.4%	$21.30	+4.2%	SHS	38147U107
KINS	KINGSTONE COS INC	56,904	$1.07M	0.4%	$11.77	+28.9%	COM	496719105
—	WELLS FARGO CO NEW	37,967	$1.044M	0.4%	$17.61	—	*W EXP 10/28/201	949746119
—	FAUQUIER BANKSHARES INC VA	46,781	$1.025M	0.4%	$16.16	—	COM	312059108
—	BENEFICIAL BANCORP INC	62,077	$1.021M	0.4%	$15.00	—	COM	08171T102
—	STATE BK FINL CORP	33,236	$992K	0.4%	$18.34	—	COM	856190103
META	FACEBOOK INC	5,500	$971K	0.4%	$49.86	+252.0%	CL A	30303M102
WFC	WELLS FARGO CO NEW	64,900	$951K	0.4%	—	—	Call	949746101
MS	MORGAN STANLEY	49,800	$930K	0.4%	$22.26	+78.5%	Call	617446448
MS	MORGAN STANLEY	16,879	$886K	0.3%	$22.26	+78.5%	COM NEW	617446448
—	TERRITORIAL BANCORP INC	28,633	$884K	0.3%	$25.48	—	COM	88145X108
—	FIRST DEFIANCE FINL CORP	16,928	$880K	0.3%	$27.08	—	COM	32006W106
CBFV	CB FINL SVCS INC	29,273	$878K	0.3%	$17.84	+20.2%	COM	12479G101
OLP	ONE LIBERTY PPTYS INC	33,548	$870K	0.3%	$21.30	—	COM	682406103
—	AMERICAN INTL GROUP INC	47,828	$867K	0.3%	$16.78	—	*W EXP 01/19/202	026874156
—	RITE AID CORP	437,373	$862K	0.3%	$6.56	—	COM	767754104
—	UNITED FINL BANCORP INC NEW	47,369	$836K	0.3%	$13.55	—	COM	910304104
BPOP	POPULAR INC	22,904	$813K	0.3%	$28.98	-5.5%	COM NEW	733174700
MET	METLIFE INC	15,279	$773K	0.3%	$30.13	+32.4%	COM	59156R108
ALL	ALLSTATE CORP	7,349	$770K	0.3%	$41.21	+98.4%	COM	020002101
CNOB	CONNECTONE BANCORP INC NEW	29,283	$754K	0.3%	$15.11	+43.4%	COM	20786W107
MRCC	MONROE CAP CORP	52,438	$721K	0.3%	$4.67	+15.3%	COM	610335101
—	TRIANGLE CAP CORP	75,887	$720K	0.3%	$19.32	—	COM	895848109
—	UNION BANKSHARES CORP NEW	18,909	$684K	0.3%	$24.61	—	COM	90539J109
—	BB&T CORP	57,300	$646K	0.3%	$37.10	—	Call	054937107
—	DIME CMNTY BANCSHARES	30,000	$629K	0.2%	$20.97	—	COM	253922108
BANC	BANC OF CALIFORNIA INC	30,286	$625K	0.2%	$15.16	+14.4%	COM	05990K106
STT	STATE STR CORP	6,088	$594K	0.2%	$50.63	+47.0%	COM	857477103
—	CHEMICAL FINL CORP	11,050	$591K	0.2%	$49.97	—	COM	163731102
BK	BANK NEW YORK MELLON CORP	38,800	$549K	0.2%	$31.29	+36.3%	Call	064058100
HAFC	HANMI FINL CORP	17,914	$544K	0.2%	$18.99	+62.4%	COM NEW	410495204
T	AT&T INC	13,500	$537K	0.2%	$13.53	+12.7%	COM	00206R102
—	ZIONS BANCORPORATION	28,379	$534K	0.2%	$12.01	—	*W EXP 05/22/202	989701115
HBAN	HUNTINGTON BANCSHARES INC	36,612	$533K	0.2%	$5.68	+72.1%	COM	446150104
LNC	LINCOLN NATL CORP IND	6,587	$506K	0.2%	$31.80	+69.1%	COM	534187109
CFG	CITIZENS FINL GROUP INC	11,852	$498K	0.2%	$25.16	+11.3%	COM	174610105
—	KKR & CO L P DEL	23,000	$484K	0.2%	$22.87	—	COM UNITS	48248M102
—	DISCOVER FINL SVCS	6,258	$481K	0.2%	$56.00	—	COM	254709108
—	BROOKLINE BANCORP INC DEL	30,496	$479K	0.2%	$10.01	—	COM	11373M107
—	BAY BANCORP INC	38,698	$473K	0.2%	$5.35	—	COM	07203T106
TOWN	TOWNEBANK PORTSMOUTH VA	15,129	$465K	0.2%	$20.95	+59.2%	COM	89214P109
PEG	PUBLIC SVC ENTERPRISE GROUP	8,500	$438K	0.2%	$21.50	+77.8%	COM	744573106
—	PACIFIC MERCANTILE BANCORP	47,000	$411K	0.2%	$7.11	—	COM	694552100
—	HARBORONE BANCORP INC	21,405	$410K	0.2%	$19.15	—	COM	41165F101
PRU	PRUDENTIAL FINL INC	11,900	$409K	0.2%	—	—	Call	744320102
MET	METLIFE INC	43,500	$400K	0.2%	$30.13	+32.4%	Call	59156R108
—	PACIFIC PREMIER BANCORP	10,000	$400K	0.2%	$40.00	—	COM	69478X105
—	PARAGON COML CORP	7,500	$399K	0.2%	$35.10	—	COM NEW	69911U403
—	SEVERN BANCORP ANNAPOLIS MD	55,000	$399K	0.2%	$7.00	—	COM	81811M100
—	ALCENTRA CAP CORP	47,292	$397K	0.2%	$13.11	—	COM	01374T102
—	INVESTORS BANCORP INC NEW	28,591	$397K	0.2%	$10.99	—	COM	46146L101
PB	PROSPERITY BANCSHARES INC	5,435	$381K	0.1%	$40.16	+30.4%	COM	743606105
HOPE	HOPE BANCORP INC	19,981	$365K	0.1%	$16.20	+12.0%	COM	43940T109
—	DISCOVER FINL SVCS	14,600	$363K	0.1%	$56.00	—	Call	254709108
NWBI	NORTHWEST BANCSHARES INC MD	21,133	$354K	0.1%	$6.88	+51.0%	COM	667340103
LEN	LENNAR CORP	5,576	$353K	0.1%	$30.45	+70.9%	CL A	526057104
KEY	KEYCORP NEW	49,400	$350K	0.1%	$7.93	+64.7%	Call	493267108
KRNY	KEARNY FINL CORP MD	24,130	$349K	0.1%	$14.85	0.0%	COM	48716P108
—	LEGG MASON INC	8,169	$343K	0.1%	$43.54	—	COM	524901105
—	GUARANTY FED BANCSHARES INC	15,000	$337K	0.1%	$14.73	—	COM	40108P101
ZION	ZIONS BANCORPORATION	17,000	$333K	0.1%	—	—	Call	989701107
CROX	CROCS INC	25,492	$322K	0.1%	$12.37	-13.4%	COM	227046109
RF	REGIONS FINL CORP NEW	35,600	$317K	0.1%	$7.34	+58.9%	Call	7591EP100
WSBF	WATERSTONE FINL INC MD	18,556	$316K	0.1%	$10.47	+79.1%	COM	94188P101
—	XL GROUP LTD	8,996	$316K	0.1%	$33.87	—	COM	G98294104
FDUS	FIDUS INVT CORP	20,600	$313K	0.1%	$5.75	+10.8%	COM	316500107
—	LEADING BRANDS INC	187,571	$306K	0.1%	$3.85	—	COM NEW	52170U207
FCCO	FIRST CMNTY CORP S C	13,500	$305K	0.1%	$9.35	+96.9%	COM	319835104
FNB	FNB CORP PA	21,596	$298K	0.1%	$10.33	-3.6%	COM	302520101
BDX	BECTON DICKINSON & CO	1,394	$298K	0.1%	$85.77	+116.2%	COM	075887109
AAPL	APPLE INC	1,722	$292K	0.1%	$30.44	+28.4%	COM	037833100
ABCB	AMERIS BANCORP	5,829	$281K	0.1%	$23.81	+81.6%	COM	03076K108
—	HOMETOWN BANKSHARES CORP	24,960	$279K	0.1%	$9.25	—	COM	43787N108
MSGS	MADISON SQUARE GARDEN CO NEW	1,316	$277K	0.1%	$128.20	+20.4%	CL A	55825T103
AIG	AMERICAN INTL GROUP INC	4,613	$275K	0.1%	$37.86	+31.3%	COM NEW	026874784
OSBC	OLD SECOND BANCORP INC ILL	20,000	$273K	0.1%	$4.45	+174.9%	COM	680277100
HTGC	HERCULES CAPITAL INC	20,000	$262K	0.1%	$13.48	-3.0%	COM	427096508
HTB	HOMETRUST BANCSHARES INC	10,000	$258K	0.1%	$24.58	+6.8%	COM	437872104
—	BANK COMM HLDGS	22,300	$256K	0.1%	$7.22	—	COM	06424J103
—	MAIDEN HOLDINGS LTD	38,493	$254K	0.1%	$10.15	—	SHS	G5753U112
—	LYDALL INC DEL	5,000	$254K	0.1%	$51.20	—	COM	550819106
PRKS	SEAWORLD ENTMT INC	17,900	$243K	0.1%	$16.41	-24.2%	COM	81282V100
COLB	COLUMBIA BKG SYS INC	5,603	$243K	0.1%	$30.37	0.0%	COM	197236102
SSBI	SUMMIT ST BK SANTA ROSA CALI	19,200	$242K	0.1%	$9.05	-1.0%	COM	866264203
—	SUNTRUST BKS INC	10,400	$240K	0.1%	$37.06	—	Call	867914103
—	CITIZENS FIRST CORP	10,000	$240K	0.1%	$23.80	—	COM	17462Q107
CB	CHUBB LIMITED	1,628	$238K	0.1%	$103.60	+25.0%	COM	H1467J104
—	RADIUS HEALTH INC	7,500	$238K	0.1%	$66.19	—	COM NEW	750469207
UPS	UNITED PARCEL SERVICE INC	1,993	$237K	0.1%	$70.63	+22.2%	CL B	911312106
—	FIDELITY SOUTHERN CORP NEW	10,622	$232K	0.1%	$23.64	—	COM	316394105
IAT	ISHARES TR	4,683	$231K	0.1%	$44.84	—	US REGNL BKS ETF	464288778
—	CLIFTON BANCORP INC	12,933	$221K	0.1%	$14.09	—	COM	186873105
PFE	PFIZER INC	5,988	$217K	0.1%	$20.38	+16.8%	COM	717081103
—	COASTWAY BANCORP INC	10,000	$212K	0.1%	$21.20	—	COM	190632109
—	HANESBRANDS INC	10,000	$209K	0.1%	$20.80	—	COM	410345102
—	CIT GROUP INC	13,000	$196K	0.1%	$49.02	—	Call	125581801
BMY	BRISTOL MYERS SQUIBB CO	2,788	$171K	0.1%	$39.53	+17.5%	COM	110122108
—	ARALEZ PHARMACEUTICALS INC	106,293	$151K	0.1%	$2.09	—	COM	03852X100
FITB	FIFTH THIRD BANCORP	14,400	$148K	0.1%	$13.25	+62.3%	Call	316773100
AIG	AMERICAN INTL GROUP INC	11,300	$145K	0.1%	$37.86	+31.3%	Call	026874784
ALL	ALLSTATE CORP	3,800	$131K	0.1%	$41.21	+98.4%	Call	020002101
—	SAFEGUARD SCIENTIFICS INC	10,751	$120K	0.0%	$12.34	—	COM NEW	786449207
GNE	GENIE ENERGY LTD	26,380	$115K	0.0%	$11.22	-52.9%	CL B	372284208
BK	BANK NEW YORK MELLON CORP	2,005	$108K	0.0%	$31.29	+36.3%	COM	064058100
BMY	BRISTOL MYERS SQUIBB CO	5,000	$96,000	0.0%	$39.53	+17.5%	Call	110122108
—	XL GROUP LTD	6,800	$91,000	0.0%	$33.87	—	Call	G98294104
—	BIOSCRIP INC	24,075	$70,000	0.0%	$6.01	—	COM	09069N108
PFE	PFIZER INC	10,000	$48,000	0.0%	$20.38	+16.8%	Call	717081103
T	AT&T INC	10,000	$47,000	0.0%	$13.53	+12.7%	Call	00206R102
—	HANESBRANDS INC	10,000	$46,000	0.0%	$20.80	—	Call	410345102
—	OHR PHARMACEUTICAL INC	18,715	$35,000	0.0%	$0.64	—	COM NEW	67778H200
—	GENERAL ELECTRIC CO	41,500	$10,000	0.0%	—	—	Call	369604103
PRKS	SEAWORLD ENTMT INC	13,000	$2,000	0.0%	$16.41	-24.2%	Call	81282V100
—	RITE AID CORP	15,000	$0	0.0%	$6.56	—	Call	767754104
—	GLAXOSMITHKLINE PLC	10,000	$0	0.0%	—	—	Call	37733W105