Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	1,857,127	$52.29M	19.2%	$16.33	+52.2%	COM	060505104
—	JPMORGAN CHASE & CO	169,298	$10.74M	4.0%	$23.33	—	*W EXP 10/28/201	46634E114
—	M & T BK CORP	96,457	$9.29M	3.4%	$49.08	—	*W EXP 12/23/201	55261F112
—	SOUTHERN NATL BANCORP OF VA	475,759	$8.488M	3.1%	$11.17	—	COM	843395104
—	COMERICA INC	114,763	$7.236M	2.7%	$20.65	—	*W EXP 11/14/201	200340115
—	MB FINANCIAL INC NEW	154,786	$7.229M	2.7%	$29.85	—	COM	55264U108
—	COWEN INC	521,444	$7.222M	2.7%	$15.13	—	CL A NEW	223622606
—	CAPITAL ONE FINL CORP	119,210	$6M	2.2%	$35.54	—	*W EXP 11/14/201	14040H139
—	FRANKLIN FINL NETWORK INC	157,062	$5.906M	2.2%	$32.52	—	COM	35352P104
PNC	PNC FINL SVCS GROUP INC	40,474	$5.468M	2.0%	$51.88	+115.1%	COM	693475105
SBCF	SEACOAST BKG CORP FLA	139,223	$4.397M	1.6%	$11.96	+148.3%	COM NEW	811707801
—	BANK AMER CORP	254,287	$4.15M	1.5%	$9.48	—	*W EXP 01/16/201	060505146
—	MERIDIAN BANCORP INC MD	211,051	$4.042M	1.5%	$11.49	—	COM	58958U103
PGC	PEAPACK-GLADSTONE FINL CORP	114,772	$3.97M	1.5%	$17.45	+84.6%	COM	704699107
CNO	CNO FINL GROUP INC	194,348	$3.7M	1.4%	$12.94	+34.0%	COM	12621E103
KEY	KEYCORP NEW	177,392	$3.466M	1.3%	$7.93	+76.2%	COM	493267108
—	STERLING BANCORP DEL	143,500	$3.372M	1.2%	$14.40	—	COM	85917A100
JPM	JPMORGAN CHASE & CO	32,289	$3.365M	1.2%	$44.73	+99.0%	COM	46625H100
—	BB&T CORP	63,265	$3.191M	1.2%	$37.10	—	COM	054937107
—	SOUTH ST CORP	34,984	$3.017M	1.1%	$61.15	—	COM	840441109
RF	REGIONS FINL CORP NEW	167,647	$2.981M	1.1%	$7.34	+88.0%	COM	7591EP100
FITB	FIFTH THIRD BANCORP	100,609	$2.887M	1.1%	$13.25	+78.4%	COM	316773100
JPM	JPMORGAN CHASE & CO	86,300	$2.862M	1.1%	$44.73	+99.0%	Call	46625H100
HWC	HANCOCK WHITNEY CORPORATION	59,736	$2.787M	1.0%	$32.37	+56.7%	COM	410120109
—	SYNOVUS FINL CORP	51,762	$2.735M	1.0%	$24.53	—	COM NEW	87161C501
—	1ST CONSTITUTION BANCORP	119,024	$2.726M	1.0%	$18.20	—	COM	31986N102
CERS	CERUS CORP	381,099	$2.542M	0.9%	$4.63	+32.4%	COM	157085101
—	HARTFORD FINL SVCS GROUP INC	53,218	$2.445M	0.9%	$28.05	—	*W EXP 06/26/201	416515120
ABR	ARBOR RLTY TR INC	232,759	$2.428M	0.9%	$6.79	—	COM	038923108
—	PINNACLE FINL PARTNERS INC	38,436	$2.358M	0.9%	$56.67	—	COM	72346Q104
—	SUNTRUST BKS INC	64,293	$2.105M	0.8%	$12.66	—	*W EXP 12/31/201	867914129
COF	CAPITAL ONE FINL CORP	22,639	$2.081M	0.8%	$60.38	+37.4%	COM	14040H105
MTB	M & T BK CORP	11,960	$2.034M	0.7%	$88.80	+59.4%	COM	55261F104
BAC	BANK AMER CORP	408,600	$2.024M	0.7%	$16.33	+52.2%	Call	060505104
ABCB	AMERIS BANCORP	36,962	$1.972M	0.7%	$45.05	+8.8%	COM	03076K108
—	UNION BANKSHARES CORP NEW	49,982	$1.943M	0.7%	$32.14	—	COM	90539J109
CMA	COMERICA INC	21,050	$1.914M	0.7%	$33.45	+101.5%	COM	200340107
—	MIDSOUTH BANCORP INC	137,226	$1.818M	0.7%	$14.90	—	COM	598039105
BANC	BANC OF CALIFORNIA INC	84,905	$1.66M	0.6%	$15.86	+1.5%	COM	05990K106
—	SUNTRUST BKS INC	24,187	$1.597M	0.6%	$37.06	—	COM	867914103
FGBI	FIRST GTY BANCSHARES INC	61,020	$1.588M	0.6%	$10.15	+70.7%	COM	32043P106
IMPM	IMPAC MTG HLDGS INC	165,792	$1.58M	0.6%	$10.97	-18.5%	COM NEW	45254P508
NBTB	NBT BANCORP INC	39,997	$1.526M	0.6%	$24.54	+53.7%	COM	628778102
—	DIME CMNTY BANCSHARES	78,200	$1.525M	0.6%	$19.39	—	COM	253922108
—	UNITED CMNTY BANCORP IND	55,709	$1.515M	0.6%	$12.41	—	COM	90984R101
EFSC	ENTERPRISE FINL SVCS CORP	27,350	$1.476M	0.5%	$15.45	+191.8%	COM	293712105
C	CITIGROUP INC	71,500	$1.329M	0.5%	$37.66	+40.8%	Call	172967424
—	ESSA BANCORP INC	81,626	$1.292M	0.5%	$11.56	—	COM	29667D104
—	RITE AID CORP	737,373	$1.276M	0.5%	$4.57	—	COM	767754104
—	CIT GROUP INC	24,325	$1.226M	0.5%	$49.02	—	COM NEW	125581801
USB	US BANCORP DEL	24,288	$1.215M	0.4%	$25.38	+46.8%	COM NEW	902973304
THG	HANOVER INS GROUP INC	9,704	$1.16M	0.4%	$42.09	+123.5%	COM	410867105
C	CITIGROUP INC	17,174	$1.149M	0.4%	$37.66	+40.8%	COM NEW	172967424
—	FIRST DEFIANCE FINL CORP	16,928	$1.135M	0.4%	$27.08	—	COM	32006W106
—	STATE BK FINL CORP	33,236	$1.11M	0.4%	$18.34	—	COM	856190103
KINS	KINGSTONE COS INC	64,989	$1.098M	0.4%	$12.25	+22.8%	COM	496719105
GSBD	GOLDMAN SACHS BDC INC	50,128	$1.027M	0.4%	$21.30	-5.7%	SHS	38147U107
—	PNC FINL SVCS GROUP INC	14,754	$1.012M	0.4%	$19.88	—	*W EXP 12/31/201	693475121
CBFV	CB FINL SVCS INC	29,273	$1.007M	0.4%	$17.84	+37.4%	COM	12479G101
—	BENEFICIAL BANCORP INC	62,077	$1.006M	0.4%	$15.00	—	COM	08171T102
—	FAUQUIER BANKSHARES INC VA	46,781	$992K	0.4%	$16.16	—	COM	312059108
—	WELLS FARGO CO NEW	44,367	$977K	0.4%	$18.12	—	*W EXP 10/28/201	949746119
—	AMERICAN INTL GROUP INC	63,212	$917K	0.3%	$16.49	—	*W EXP 01/19/202	026874156
—	ALCENTRA CAP CORP	247,178	$910K	0.3%	$6.49	—	COM	01374T102
TOWN	TOWNEBANK PORTSMOUTH VA	28,065	$901K	0.3%	$25.15	+23.5%	COM	89214P109
—	TRIANGLE CAP CORP	77,387	$890K	0.3%	$19.17	—	COM	895848109
—	TERRITORIAL BANCORP INC	28,633	$888K	0.3%	$25.48	—	COM	88145X108
BPOP	POPULAR INC	18,863	$853K	0.3%	$30.21	+21.5%	COM NEW	733174700
MS	MORGAN STANLEY	16,979	$805K	0.3%	$22.26	+86.1%	COM NEW	617446448
MS	MORGAN STANLEY	49,800	$795K	0.3%	$22.26	+86.1%	Call	617446448
—	APOLLO INVT CORP	132,000	$735K	0.3%	$5.30	—	COM	03761U106
—	SEVERN BANCORP ANNAPOLIS MD	85,000	$735K	0.3%	$7.07	—	COM	81811M100
CNOB	CONNECTONE BANCORP INC NEW	29,283	$729K	0.3%	$15.11	+48.8%	COM	20786W107
NWL	NEWELL BRANDS INC	27,943	$721K	0.3%	$19.57	-6.9%	COM	651229106
MRCC	MONROE CAP CORP	52,438	$707K	0.3%	$4.67	+13.1%	COM	610335101
—	BB&T CORP	57,300	$691K	0.3%	$37.10	—	Call	054937107
ALL	ALLSTATE CORP	7,349	$671K	0.2%	$41.21	+93.2%	COM	020002101
—	MAIDEN HOLDINGS LTD	86,393	$670K	0.2%	$7.74	—	SHS	G5753U112
MET	METLIFE INC	15,279	$666K	0.2%	$30.13	+19.2%	COM	59156R108
—	CITIZENS FIRST CORP	25,000	$651K	0.2%	$24.89	—	COM	17462Q107
—	ZIONS BANCORPORATION	31,379	$637K	0.2%	$12.81	—	*W EXP 05/22/202	989701115
—	CHEMICAL FINL CORP	11,050	$615K	0.2%	$49.97	—	COM	163731102
WFC	WELLS FARGO CO NEW	64,900	$606K	0.2%	—	—	Call	949746101
—	STANDARD AVB FINL CORP	20,000	$606K	0.2%	$30.30	—	COM	85303B100
—	HARBORONE BANCORP INC	30,905	$585K	0.2%	$18.70	—	COM	41165F101
META	FACEBOOK INC	3,000	$583K	0.2%	$49.86	+259.9%	CL A	30303M102
BK	BANK NEW YORK MELLON CORP	38,800	$575K	0.2%	$31.29	+42.4%	Call	064058100
—	KKR & CO L P DEL	23,000	$572K	0.2%	$22.87	—	COM UNITS	48248M102
STT	STATE STR CORP	6,088	$567K	0.2%	$50.63	+53.8%	COM	857477103
—	SUPERVALU INC	27,500	$564K	0.2%	$15.22	—	COM NEW	868536301
—	OLD LINE BANCSHARES INC	15,818	$552K	0.2%	$34.90	—	COM	67984M100
T	AT&T INC	17,200	$552K	0.2%	$14.02	+3.6%	COM	00206R102
LNC	LINCOLN NATL CORP IND	8,687	$541K	0.2%	$35.97	+36.4%	COM	534187109
HBAN	HUNTINGTON BANCSHARES INC	36,612	$540K	0.2%	$5.68	+86.9%	COM	446150104
KRNY	KEARNY FINL CORP MD	39,524	$532K	0.2%	$14.48	-4.0%	COM	48716P108
—	BROOKLINE BANCORP INC DEL	28,496	$530K	0.2%	$10.01	—	COM	11373M107
HAFC	HANMI FINL CORP	17,914	$508K	0.2%	$18.99	+56.2%	COM NEW	410495204
—	UNIVAR INC	18,000	$472K	0.2%	$26.22	—	COM	91336L107
CFG	CITIZENS FINL GROUP INC	11,852	$461K	0.2%	$25.16	+19.8%	COM	174610105
PEG	PUBLIC SVC ENTERPRISE GROUP	8,500	$460K	0.2%	$21.50	+84.6%	COM	744573106
—	PACIFIC MERCANTILE BANCORP	47,000	$458K	0.2%	$7.11	—	COM	694552100
—	DISCOVER FINL SVCS	6,258	$441K	0.2%	$56.00	—	COM	254709108
OLP	ONE LIBERTY PPTYS INC	16,256	$429K	0.2%	$21.30	—	COM	682406103
—	SELECT BANCORP INC NEW	30,270	$408K	0.2%	$13.35	—	COM	81617L108
PRKS	SEAWORLD ENTMT INC	17,900	$391K	0.1%	$16.41	+8.0%	COM	81282V100
—	CORPORATE CAP TR INC	25,000	$391K	0.1%	$15.64	—	COM	219880101
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$377K	0.1%	$128.20	+44.2%	CL A	55825T103
PB	PROSPERITY BANCSHARES INC	5,435	$372K	0.1%	$40.16	+43.7%	COM	743606105
—	GUARANTY FED BANCSHARES INC	15,000	$367K	0.1%	$14.73	—	COM	40108P101
—	INVESTORS BANCORP INC NEW	28,591	$366K	0.1%	$10.99	—	COM	46146L101
HOPE	HOPE BANCORP INC	19,981	$356K	0.1%	$16.20	+11.6%	COM	43940T109
SMBK	SMARTFINANCIAL INC	13,818	$356K	0.1%	$22.35	+9.6%	COM NEW	83190L208
—	HOMETOWN BANKSHARES CORP	24,960	$351K	0.1%	$9.25	—	COM	43787N108
ZION	ZIONS BANCORPORATION	17,000	$349K	0.1%	—	—	Call	989701107
—	PACIFIC PREMIER BANCORP	9,000	$343K	0.1%	$40.00	—	COM	69478X105
FCCO	FIRST CMNTY CORP S C	13,500	$339K	0.1%	$9.35	+105.6%	COM	319835104
BDX	BECTON DICKINSON & CO	1,394	$334K	0.1%	$85.77	+131.4%	COM	075887109
KEY	KEYCORP NEW	49,400	$332K	0.1%	$7.93	+76.2%	Call	493267108
AAPL	APPLE INC	1,722	$319K	0.1%	$30.44	+40.4%	COM	037833100
WSBF	WATERSTONE FINL INC MD	18,556	$316K	0.1%	$10.47	+66.9%	COM	94188P101
HTGC	HERCULES CAPITAL INC	25,000	$316K	0.1%	$13.26	-6.7%	COM	427096508
—	CODORUS VY BANCORP INC	10,000	$307K	0.1%	$30.70	—	COM	192025104
—	FIRST CHOICE BANCORP	9,880	$302K	0.1%	$30.57	—	COM	31948P104
SSBI	SUMMIT ST BK SANTA ROSA CALI	19,200	$297K	0.1%	$9.05	+19.3%	COM	866264203
FDUS	FIDUS INVT CORP	20,600	$293K	0.1%	$5.75	+0.3%	COM	316500107
LEN	LENNAR CORP	5,576	$293K	0.1%	$30.45	+57.6%	CL A	526057104
MET	METLIFE INC	56,500	$291K	0.1%	$30.13	+19.2%	Call	59156R108
—	LEGG MASON INC	8,169	$284K	0.1%	$43.54	—	COM	524901105
—	BANK COMM HLDGS	22,300	$284K	0.1%	$7.22	—	COM	06424J103
HTB	HOMETRUST BANCSHARES INC	10,000	$282K	0.1%	$24.58	+10.3%	COM	437872104
—	SUNTRUST BKS INC	10,400	$271K	0.1%	$37.06	—	Call	867914103
—	FIDELITY SOUTHERN CORP NEW	10,622	$270K	0.1%	$23.64	—	COM	316394105
CROX	CROCS INC	15,200	$268K	0.1%	$12.37	+37.5%	COM	227046109
—	DISCOVER FINL SVCS	14,600	$267K	0.1%	$56.00	—	Call	254709108
—	BANCORP NEW JERSEY INC NEW	15,000	$266K	0.1%	$17.73	—	COM	059915108
—	SAFEGUARD SCIENTIFICS INC	19,596	$251K	0.1%	$12.30	—	COM NEW	786449207
AIG	AMERICAN INTL GROUP INC	4,613	$245K	0.1%	$38.86	+14.0%	COM NEW	026874784
—	LEADING BRANDS INC	187,571	$238K	0.1%	$3.85	—	COM NEW	52170U207
IAT	ISHARES TR	4,683	$230K	0.1%	$44.84	—	US REGNL BKS ETF	464288778
COLB	COLUMBIA BKG SYS INC	5,603	$229K	0.1%	$30.37	-1.0%	COM	197236102
—	XL GROUP LTD	6,800	$228K	0.1%	—	—	Call	G98294104
RF	REGIONS FINL CORP NEW	45,900	$226K	0.1%	$7.34	+88.0%	Call	7591EP100
—	RADIUS HEALTH INC	7,500	$221K	0.1%	$66.19	—	COM NEW	750469207
—	HANESBRANDS INC	10,000	$220K	0.1%	$20.80	—	COM	410345102
—	LYDALL INC DEL	5,000	$218K	0.1%	$51.20	—	COM	550819106
PFE	PFIZER INC	5,988	$217K	0.1%	$20.38	+19.3%	COM	717081103
UPS	UNITED PARCEL SERVICE INC	1,993	$212K	0.1%	$70.63	+18.6%	CL B	911312106
VDE	VANGUARD WORLD FDS	2,000	$210K	0.1%	$105.00	—	ENERGY ETF	92204A306
—	CIT GROUP INC	13,000	$210K	0.1%	$49.02	—	Call	125581801
CB	CHUBB LIMITED	1,628	$207K	0.1%	$103.60	+12.4%	COM	H1467J104
PRU	PRUDENTIAL FINL INC	11,900	$190K	0.1%	—	—	Call	744320102
BMY	BRISTOL MYERS SQUIBB CO	14,700	$189K	0.1%	$39.53	+2.8%	Call	110122108
—	ARALEZ PHARMACEUTICALS INC	497,897	$174K	0.1%	$0.98	—	COM	03852X100
—	HAMILTON BANCORP INC MD	10,000	$157K	0.1%	$15.70	—	COM	407015106
BMY	BRISTOL MYERS SQUIBB CO	2,788	$154K	0.1%	$39.53	+2.8%	COM	110122108
WTTR	SELECT ENERGY SVCS INC	10,000	$145K	0.1%	$12.60	—	CL A COM	81617J301
FNB	FNB CORP PA	10,000	$134K	0.0%	$10.33	-3.8%	COM	302520101
GNE	GENIE ENERGY LTD	26,280	$130K	0.0%	$11.22	-56.9%	CL B	372284208
—	HI-CRUSH PARTNERS LP	10,000	$118K	0.0%	$10.60	—	COM UNIT LTD	428337109
BK	BANK NEW YORK MELLON CORP	2,005	$108K	0.0%	$31.29	+42.4%	COM	064058100
FITB	FIFTH THIRD BANCORP	14,400	$106K	0.0%	$13.25	+78.4%	Call	316773100
—	BIOSCRIP INC	34,075	$100K	0.0%	$4.97	—	COM	09069N108
ALL	ALLSTATE CORP	3,800	$88,000	0.0%	$41.21	+93.2%	Call	020002101
AIG	AMERICAN INTL GROUP INC	11,300	$68,000	0.0%	$38.86	+14.0%	Call	026874784
UPS	UNITED PARCEL SERVICE INC	2,000	$53,000	0.0%	$70.63	+18.6%	Call	911312106
PFE	PFIZER INC	10,000	$48,000	0.0%	$20.38	+19.3%	Call	717081103
—	RADIUS HEALTH INC	6,700	$30,000	0.0%	$66.19	—	Call	750469207
NWL	NEWELL BRANDS INC	8,000	$23,000	0.0%	$19.57	-6.9%	Call	651229106
—	HANESBRANDS INC	5,000	$22,000	0.0%	$20.80	—	Call	410345102
T	AT&T INC	10,000	$18,000	0.0%	$14.02	+3.6%	Call	00206R102
—	GENERAL ELECTRIC CO	41,500	$0	0.0%	—	—	Call	369604103