Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	1,705,636	$51.15M	19.0%	$15.57	+67.4%	COM	060505104
—	JPMORGAN CHASE & CO	169,298	$11.78M	4.4%	$23.33	—	*W EXP 10/28/201	46634E114
—	M & T BK CORP	96,457	$10.52M	3.9%	$49.08	—	*W EXP 12/23/201	55261F112
—	COMERICA INC	114,763	$7.574M	2.8%	$20.65	—	*W EXP 11/14/201	200340115
—	SOUTHERN NATL BANCORP OF VA	475,759	$7.536M	2.8%	$11.17	—	COM	843395104
—	COWEN INC	540,400	$7.133M	2.6%	$15.13	—	CL A NEW	223622606
—	CAPITAL ONE FINL CORP	119,210	$6.402M	2.4%	$35.54	—	*W EXP 11/14/201	14040H139
—	MB FINANCIAL INC NEW	155,186	$6.282M	2.3%	$29.85	—	COM	55264U108
PNC	PNC FINL SVCS GROUP INC	40,474	$6.121M	2.3%	$51.88	+127.8%	COM	693475105
—	FRANKLIN FINL NETWORK INC	158,216	$5.158M	1.9%	$32.52	—	COM	35352P104
—	BANK AMER CORP	249,437	$4.532M	1.7%	$9.35	—	*W EXP 01/16/201	060505146
—	MERIDIAN BANCORP INC MD	211,051	$4.253M	1.6%	$11.49	—	COM	58958U103
CNO	CNO FINL GROUP INC	194,348	$4.212M	1.6%	$12.94	+51.8%	COM	12621E103
PGC	PEAPACK-GLADSTONE FINL CORP	112,472	$3.755M	1.4%	$17.15	+92.3%	COM	704699107
SBCF	SEACOAST BKG CORP FLA	139,223	$3.685M	1.4%	$11.96	+121.0%	COM NEW	811707801
JPM	JPMORGAN CHASE & CO	32,289	$3.551M	1.3%	$44.73	+104.4%	COM	46625H100
KEY	KEYCORP NEW	177,092	$3.462M	1.3%	$7.93	+84.1%	COM	493267108
—	BB&T CORP	63,265	$3.292M	1.2%	$37.10	—	COM	054937107
—	STERLING BANCORP DEL	143,500	$3.236M	1.2%	$14.40	—	COM	85917A100
JPM	JPMORGAN CHASE & CO	86,300	$3.212M	1.2%	$44.73	+104.4%	Call	46625H100
FITB	FIFTH THIRD BANCORP	100,609	$3.194M	1.2%	$13.25	+82.6%	COM	316773100
RF	REGIONS FINL CORP NEW	167,647	$3.115M	1.2%	$7.34	+89.3%	COM	7591EP100
HWC	HANCOCK HLDG CO	59,736	$3.088M	1.1%	$32.37	+65.0%	COM	410120109
—	SOUTH ST CORP	34,984	$2.984M	1.1%	$61.15	—	COM	840441109
—	1ST CONSTITUTION BANCORP	119,028	$2.589M	1.0%	$18.20	—	COM	31986N102
—	SYNOVUS FINL CORP	51,762	$2.585M	1.0%	$24.53	—	COM NEW	87161C501
—	PINNACLE FINL PARTNERS INC	38,436	$2.468M	0.9%	$56.67	—	COM	72346Q104
—	HARTFORD FINL SVCS GROUP INC	53,218	$2.453M	0.9%	$28.05	—	*W EXP 06/26/201	416515120
CERS	CERUS CORP	429,762	$2.355M	0.9%	$4.63	-1.8%	COM	157085101
BAC	BANK AMER CORP	458,600	$2.34M	0.9%	$15.57	+67.4%	Call	060505104
—	SUNTRUST BKS INC	64,293	$2.267M	0.8%	$12.66	—	*W EXP 12/31/201	867914129
MTB	M & T BK CORP	11,960	$2.205M	0.8%	$88.80	+65.1%	COM	55261F104
COF	CAPITAL ONE FINL CORP	22,639	$2.169M	0.8%	$60.38	+43.9%	COM	14040H105
ABR	ARBOR RLTY TR INC	239,059	$2.109M	0.8%	$6.79	—	COM	038923108
CMA	COMERICA INC	21,050	$2.019M	0.7%	$33.45	+99.9%	COM	200340107
—	ATLANTIC COAST FINL CORP	183,180	$1.887M	0.7%	$7.87	—	COM	048426100
—	UNION BANKSHARES CORP NEW	49,982	$1.835M	0.7%	$32.14	—	COM	90539J109
—	MIDSOUTH BANCORP INC	137,754	$1.743M	0.6%	$14.90	—	COM	598039105
—	SUNTRUST BKS INC	24,187	$1.646M	0.6%	$37.06	—	COM	867914103
FGBI	FIRST GTY BANCSHARES INC	61,020	$1.586M	0.6%	$10.15	+63.4%	COM	32043P106
THG	HANOVER INS GROUP INC	12,804	$1.509M	0.6%	$42.09	+110.2%	COM	410867105
C	CITIGROUP INC	63,500	$1.478M	0.5%	$37.66	+53.0%	Call	172967424
—	DIME CMNTY BANCSHARES	78,200	$1.439M	0.5%	$19.39	—	COM	253922108
NBTB	NBT BANCORP INC	39,997	$1.419M	0.5%	$24.54	+49.3%	COM	628778102
—	UNITED CMNTY BANCORP IND	55,709	$1.404M	0.5%	$12.41	—	COM	90984R101
IMPM	IMPAC MTG HLDGS INC	163,492	$1.292M	0.5%	$11.00	-16.4%	COM NEW	45254P508
EFSC	ENTERPRISE FINL SVCS CORP	27,350	$1.283M	0.5%	$15.45	+165.7%	COM	293712105
—	CIT GROUP INC	24,340	$1.253M	0.5%	$49.02	—	COM NEW	125581801
—	PNC FINL SVCS GROUP INC	14,754	$1.24M	0.5%	$19.88	—	*W EXP 12/31/201	693475121
—	RITE AID CORP	737,373	$1.239M	0.5%	$4.57	—	COM	767754104
USB	US BANCORP DEL	24,288	$1.227M	0.5%	$25.38	+57.3%	COM NEW	902973304
—	ESSA BANCORP INC	81,826	$1.2M	0.4%	$11.56	—	COM	29667D104
C	CITIGROUP INC	17,174	$1.16M	0.4%	$37.66	+53.0%	COM NEW	172967424
MS	MORGAN STANLEY	49,800	$1.047M	0.4%	$22.26	+96.2%	Call	617446448
—	STATE BK FINL CORP	33,236	$997K	0.4%	$18.34	—	COM	856190103
KINS	KINGSTONE COS INC	59,204	$995K	0.4%	$11.98	+42.8%	COM	496719105
—	FAUQUIER BANKSHARES INC VA	46,781	$983K	0.4%	$16.16	—	COM	312059108
—	FIRST DEFIANCE FINL CORP	16,928	$970K	0.4%	$27.08	—	COM	32006W106
—	BENEFICIAL BANCORP INC	62,077	$965K	0.4%	$15.00	—	COM	08171T102
GSBD	GOLDMAN SACHS BDC INC	50,128	$959K	0.4%	$21.30	-2.5%	SHS	38147U107
—	AMERICAN INTL GROUP INC	56,878	$933K	0.3%	$16.72	—	*W EXP 01/19/202	026874156
MS	MORGAN STANLEY	16,879	$911K	0.3%	$22.26	+96.2%	COM NEW	617446448
CBFV	CB FINL SVCS INC	29,273	$909K	0.3%	$17.84	+23.6%	COM	12479G101
META	FACEBOOK INC	5,500	$879K	0.3%	$49.86	+257.6%	CL A	30303M102
—	TRIANGLE CAP CORP	77,387	$862K	0.3%	$19.17	—	COM	895848109
—	ALCENTRA CAP CORP	123,121	$857K	0.3%	$9.32	—	COM	01374T102
—	TERRITORIAL BANCORP INC	28,633	$849K	0.3%	$25.48	—	COM	88145X108
CNOB	CONNECTONE BANCORP INC NEW	29,283	$843K	0.3%	$15.11	+59.4%	COM	20786W107
TOWN	TOWNEBANK PORTSMOUTH VA	28,065	$803K	0.3%	$25.15	+19.5%	COM	89214P109
—	BB&T CORP	57,300	$785K	0.3%	$37.10	—	Call	054937107
BANC	BANC OF CALIFORNIA INC	40,286	$778K	0.3%	$15.61	+8.7%	COM	05990K106
—	WELLS FARGO CO NEW	39,967	$768K	0.3%	$17.69	—	*W EXP 10/28/201	949746119
OLP	ONE LIBERTY PPTYS INC	33,548	$741K	0.3%	$21.30	—	COM	682406103
—	MAIDEN HOLDINGS LTD	113,493	$738K	0.3%	$7.74	—	SHS	G5753U112
MET	METLIFE INC	15,279	$701K	0.3%	$30.13	+22.9%	COM	59156R108
ALL	ALLSTATE CORP	7,349	$697K	0.3%	$41.21	+95.9%	COM	020002101
—	SUPERVALU INC	45,324	$690K	0.3%	$15.22	—	COM NEW	868536301
NWL	NEWELL BRANDS INC	27,090	$690K	0.3%	$19.61	0.0%	COM	651229106
—	APOLLO INVT CORP	130,000	$689K	0.3%	$5.30	—	COM	03761U106
BPOP	POPULAR INC	15,863	$660K	0.2%	$28.98	+12.7%	COM NEW	733174700
MRCC	MONROE CAP CORP	52,438	$645K	0.2%	$4.67	+10.4%	COM	610335101
T	AT&T INC	17,200	$613K	0.2%	$14.02	+12.7%	COM	00206R102
—	SEVERN BANCORP ANNAPOLIS MD	85,000	$612K	0.2%	$7.07	—	COM	81811M100
STT	STATE STR CORP	6,088	$607K	0.2%	$50.63	+61.8%	COM	857477103
—	CHEMICAL FINL CORP	11,050	$604K	0.2%	$49.97	—	COM	163731102
—	ZIONS BANCORPORATION	28,379	$576K	0.2%	$12.01	—	*W EXP 05/22/202	989701115
HBAN	HUNTINGTON BANCSHARES INC	36,612	$553K	0.2%	$5.68	+93.9%	COM	446150104
HAFC	HANMI FINL CORP	17,914	$551K	0.2%	$18.99	+64.5%	COM NEW	410495204
—	HARBORONE BANCORP INC	30,905	$546K	0.2%	$18.70	—	COM	41165F101
BK	BANK NEW YORK MELLON CORP	38,800	$523K	0.2%	$31.29	+42.9%	Call	064058100
—	BAY BANCORP INC	38,698	$517K	0.2%	$5.35	—	COM	07203T106
—	CITIZENS FIRST CORP	20,000	$508K	0.2%	$24.60	—	COM	17462Q107
CFG	CITIZENS FINL GROUP INC	11,852	$498K	0.2%	$25.16	+28.4%	COM	174610105
—	BROOKLINE BANCORP INC DEL	30,496	$494K	0.2%	$10.01	—	COM	11373M107
WFC	WELLS FARGO CO NEW	64,900	$487K	0.2%	—	—	Call	949746101
LNC	LINCOLN NATL CORP IND	6,587	$481K	0.2%	$31.80	+76.0%	COM	534187109
—	KKR & CO L P DEL	23,000	$467K	0.2%	$22.87	—	COM UNITS	48248M102
—	DISCOVER FINL SVCS	6,258	$450K	0.2%	$56.00	—	COM	254709108
—	PACIFIC MERCANTILE BANCORP	47,000	$449K	0.2%	$7.11	—	COM	694552100
PEG	PUBLIC SVC ENTERPRISE GROUP	8,500	$427K	0.2%	$21.50	+74.7%	COM	744573106
CROX	CROCS INC	25,492	$414K	0.2%	$12.37	+12.1%	COM	227046109
—	SELECT BANCORP INC NEW	30,270	$404K	0.1%	$13.35	—	COM	81617L108
PB	PROSPERITY BANCSHARES INC	5,435	$395K	0.1%	$40.16	+47.0%	COM	743606105
—	INVESTORS BANCORP INC NEW	28,591	$390K	0.1%	$10.99	—	COM	46146L101
MET	METLIFE INC	56,500	$368K	0.1%	$30.13	+22.9%	Call	59156R108
HOPE	HOPE BANCORP INC	19,981	$363K	0.1%	$16.20	+14.4%	COM	43940T109
—	PACIFIC PREMIER BANCORP	9,000	$362K	0.1%	$40.00	—	COM	69478X105
—	GUARANTY FED BANCSHARES INC	15,000	$352K	0.1%	$14.73	—	COM	40108P101
ZION	ZIONS BANCORPORATION	17,000	$349K	0.1%	—	—	Call	989701107
KEY	KEYCORP NEW	49,400	$340K	0.1%	$7.93	+84.1%	Call	493267108
—	LEGG MASON INC	8,169	$332K	0.1%	$43.54	—	COM	524901105
—	ARALEZ PHARMACEUTICALS INC	220,153	$330K	0.1%	$1.78	—	COM	03852X100
LEN	LENNAR CORP	5,576	$329K	0.1%	$30.45	+81.4%	CL A	526057104
SMBK	SMARTFINANCIAL INC	13,818	$326K	0.1%	$22.35	0.0%	COM NEW	83190L208
WSBF	WATERSTONE FINL INC MD	18,556	$321K	0.1%	$10.47	+65.6%	COM	94188P101
—	DISCOVER FINL SVCS	14,600	$316K	0.1%	$56.00	—	Call	254709108
KRNY	KEARNY FINL CORP MD	24,130	$314K	0.1%	$14.85	-8.8%	COM	48716P108
FCCO	FIRST CMNTY CORP S C	13,500	$309K	0.1%	$9.35	+90.4%	COM	319835104
PRU	PRUDENTIAL FINL INC	11,900	$308K	0.1%	—	—	Call	744320102
ABCB	AMERIS BANCORP	5,829	$308K	0.1%	$23.81	+102.2%	COM	03076K108
RF	REGIONS FINL CORP NEW	45,900	$306K	0.1%	$7.34	+89.3%	Call	7591EP100
BDX	BECTON DICKINSON & CO	1,394	$302K	0.1%	$85.77	+126.8%	COM	075887109
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$299K	0.1%	$128.20	+26.2%	CL A	55825T103
—	HOMETOWN BANKSHARES CORP	24,960	$298K	0.1%	$9.25	—	COM	43787N108
AAPL	APPLE INC	1,722	$289K	0.1%	$30.44	+32.8%	COM	037833100
—	SUNTRUST BKS INC	10,400	$286K	0.1%	$37.06	—	Call	867914103
OSBC	OLD SECOND BANCORP INC ILL	20,000	$278K	0.1%	$4.45	+194.7%	COM	680277100
—	COASTWAY BANCORP INC	10,000	$273K	0.1%	$21.20	—	COM	190632109
—	RADIUS HEALTH INC	7,500	$270K	0.1%	$66.19	—	COM NEW	750469207
PRKS	SEAWORLD ENTMT INC	17,900	$265K	0.1%	$16.41	-10.5%	COM	81282V100
FDUS	FIDUS INVT CORP	20,600	$265K	0.1%	$5.75	-1.2%	COM	316500107
HTB	HOMETRUST BANCSHARES INC	10,000	$261K	0.1%	$24.58	+6.4%	COM	437872104
—	BANK COMM HLDGS	22,300	$260K	0.1%	$7.22	—	COM	06424J103
SSBI	SUMMIT ST BK SANTA ROSA CALI	19,200	$259K	0.1%	$9.05	+5.2%	COM	866264203
AIG	AMERICAN INTL GROUP INC	5,113	$259K	0.1%	$38.86	+23.7%	COM NEW	026874784
—	FIDELITY SOUTHERN CORP NEW	10,622	$245K	0.1%	$23.64	—	COM	316394105
HTGC	HERCULES CAPITAL INC	20,000	$242K	0.1%	$13.48	-7.0%	COM	427096508
—	LYDALL INC DEL	5,000	$241K	0.1%	$51.20	—	COM	550819106
—	SAFEGUARD SCIENTIFICS INC	19,596	$240K	0.1%	$12.30	—	COM NEW	786449207
IAT	ISHARES TR	4,683	$236K	0.1%	$44.84	—	US REGNL BKS ETF	464288778
COLB	COLUMBIA BKG SYS INC	5,603	$235K	0.1%	$30.37	-0.1%	COM	197236102
—	LEADING BRANDS INC	187,571	$233K	0.1%	$3.85	—	COM NEW	52170U207
—	XL GROUP LTD	6,800	$229K	0.1%	$33.87	—	Call	G98294104
—	CIT GROUP INC	13,000	$226K	0.1%	$49.02	—	Call	125581801
CB	CHUBB LIMITED	1,628	$223K	0.1%	$103.60	+21.8%	COM	H1467J104
PFE	PFIZER INC	5,988	$213K	0.1%	$20.38	+18.9%	COM	717081103
UPS	UNITED PARCEL SERVICE INC	1,993	$209K	0.1%	$70.63	+21.0%	CL B	911312106
—	CLIFTON BANCORP INC	12,933	$202K	0.1%	$14.09	—	COM	186873105
—	HANESBRANDS INC	10,000	$184K	0.1%	$20.80	—	COM	410345102
BMY	BRISTOL MYERS SQUIBB CO	2,788	$176K	0.1%	$39.53	+21.7%	COM	110122108
FITB	FIFTH THIRD BANCORP	14,400	$144K	0.1%	$13.25	+82.6%	Call	316773100
FNB	FNB CORP PA	10,105	$136K	0.1%	$10.33	+0.5%	COM	302520101
GNE	GENIE ENERGY LTD	26,380	$132K	0.0%	$11.22	-59.4%	CL B	372284208
WTTR	SELECT ENERGY SVCS INC	10,000	$126K	0.0%	$12.60	—	CL A COM	81617J301
—	HI-CRUSH PARTNERS LP	10,000	$106K	0.0%	$10.60	—	COM UNIT LTD	428337109
ALL	ALLSTATE CORP	3,800	$105K	0.0%	$41.21	+95.9%	Call	020002101
BK	BANK NEW YORK MELLON CORP	2,005	$103K	0.0%	$31.29	+42.9%	COM	064058100
BMY	BRISTOL MYERS SQUIBB CO	6,700	$97,000	0.0%	$39.53	+21.7%	Call	110122108
—	BIOSCRIP INC	34,075	$84,000	0.0%	$4.97	—	COM	09069N108
AIG	AMERICAN INTL GROUP INC	11,300	$84,000	0.0%	$38.86	+23.7%	Call	026874784
UPS	UNITED PARCEL SERVICE INC	2,000	$54,000	0.0%	$70.63	+21.0%	Call	911312106
PFE	PFIZER INC	10,000	$44,000	0.0%	$20.38	+18.9%	Call	717081103
T	AT&T INC	10,000	$33,000	0.0%	$14.02	+12.7%	Call	00206R102
—	HANESBRANDS INC	10,000	$31,000	0.0%	$20.80	—	Call	410345102
—	RADIUS HEALTH INC	3,700	$27,000	0.0%	$66.19	—	Call	750469207
NWL	NEWELL BRANDS INC	8,000	$27,000	0.0%	$19.61	0.0%	Call	651229106
—	GENERAL ELECTRIC CO	41,500	$3,000	0.0%	—	—	Call	369604103