Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BAC	BANK AMER CORP	1,752,085	$51.62M	19.7%	$16.33	+56.0%	COM	060505104
—	JPMORGAN CHASE & CO	128,943	$9.368M	3.6%	$23.33	—	*W EXP 10/28/201	46634E114
—	M & T BK CORP	96,457	$8.943M	3.4%	$49.08	—	*W EXP 12/23/201	55261F112
—	SOUTHERN NATL BANCORP OF VA	475,759	$7.707M	2.9%	$11.17	—	COM	843395104
—	MB FINANCIAL INC NEW	154,786	$7.137M	2.7%	$29.85	—	COM	55264U108
—	COMERICA INC	114,763	$7.087M	2.7%	$20.65	—	*W EXP 11/14/201	200340115
JPM	JPMORGAN CHASE & CO	58,992	$6.657M	2.5%	$66.41	+39.5%	COM	46625H100
—	CAPITAL ONE FINL CORP	119,210	$6.339M	2.4%	$35.54	—	*W EXP 11/14/201	14040H139
—	FRANKLIN FINL NETWORK INC	157,062	$6.141M	2.3%	$32.52	—	COM	35352P104
PNC	PNC FINL SVCS GROUP INC	40,474	$5.512M	2.1%	$51.88	+111.0%	COM	693475105
—	BANK AMER CORP	249,587	$4.445M	1.7%	$9.48	—	*W EXP 01/16/201	060505146
CNO	CNO FINL GROUP INC	194,348	$4.124M	1.6%	$12.94	+36.6%	COM	12621E103
SBCF	SEACOAST BKG CORP FLA	139,223	$4.065M	1.6%	$11.96	+158.9%	COM NEW	811707801
—	MERIDIAN BANCORP INC MD	211,051	$3.588M	1.4%	$11.49	—	COM	58958U103
PGC	PEAPACK-GLADSTONE FINL CORP	114,772	$3.545M	1.4%	$17.45	+80.9%	COM	704699107
KEY	KEYCORP NEW	177,392	$3.528M	1.3%	$7.93	+84.6%	COM	493267108
—	BB&T CORP	68,265	$3.304M	1.3%	$37.92	—	COM	054937107
JPM	JPMORGAN CHASE & CO	86,300	$3.28M	1.3%	$66.41	+39.5%	Call	46625H100
—	STERLING BANCORP DEL	143,500	$3.157M	1.2%	$14.40	—	COM	85917A100
RF	REGIONS FINL CORP NEW	167,647	$3.076M	1.2%	$7.34	+89.9%	COM	7591EP100
—	SOUTH ST CORP	34,984	$2.869M	1.1%	$61.15	—	COM	840441109
HWC	HANCOCK WHITNEY CORPORATION	59,736	$2.84M	1.1%	$32.37	+55.4%	COM	410120109
FITB	FIFTH THIRD BANCORP	100,609	$2.809M	1.1%	$13.25	+66.1%	COM	316773100
CERS	CERUS CORP	380,449	$2.742M	1.0%	$4.63	+56.9%	COM	157085101
ABR	ARBOR RLTY TR INC	232,759	$2.672M	1.0%	$6.79	—	COM	038923108
—	SYNOVUS FINL CORP	55,262	$2.53M	1.0%	$25.88	—	COM NEW	87161C501
—	1ST CONSTITUTION BANCORP	119,024	$2.464M	0.9%	$18.20	—	COM	31986N102
—	HARTFORD FINL SVCS GROUP INC	53,218	$2.396M	0.9%	$28.05	—	*W EXP 06/26/201	416515120
—	PINNACLE FINL PARTNERS INC	38,436	$2.312M	0.9%	$56.67	—	COM	72346Q104
COF	CAPITAL ONE FINL CORP	22,639	$2.149M	0.8%	$60.38	+41.9%	COM	14040H105
—	SUNTRUST BKS INC	64,293	$2.125M	0.8%	$12.66	—	*W EXP 12/31/201	867914129
—	MIDSOUTH BANCORP INC	137,226	$2.113M	0.8%	$14.90	—	COM	598039105
BAC	BANK AMER CORP	158,600	$2.082M	0.8%	$16.33	+56.0%	Call	060505104
CMA	COMERICA INC	21,050	$1.899M	0.7%	$33.45	+101.4%	COM	200340107
MTB	M & T BK CORP	11,135	$1.832M	0.7%	$88.80	+55.0%	COM	55261F104
—	DIME CMNTY BANCSHARES	92,700	$1.807M	0.7%	$19.40	—	COM	253922108
ABCB	AMERIS BANCORP	36,962	$1.689M	0.6%	$45.05	-1.1%	COM	03076K108
—	UNION BANKSHARES CORP NEW	42,982	$1.656M	0.6%	$32.14	—	COM	90539J109
C	CITIGROUP INC	71,700	$1.62M	0.6%	$37.66	+45.4%	Call	172967424
—	SUNTRUST BKS INC	24,187	$1.615M	0.6%	$37.06	—	COM	867914103
BANC	BANC OF CALIFORNIA INC	85,005	$1.607M	0.6%	$15.86	+5.0%	COM	05990K106
FGBI	FIRST GTY BANCSHARES INC	61,020	$1.568M	0.6%	$10.15	+65.4%	COM	32043P106
NBTB	NBT BANCORP INC	39,997	$1.535M	0.6%	$24.54	+62.4%	COM	628778102
EFSC	ENTERPRISE FINL SVCS CORP	27,350	$1.451M	0.6%	$15.45	+210.9%	COM	293712105
CIVB	CIVISTA BANCSHARES INC	57,209	$1.378M	0.5%	$19.66	0.0%	COM NO PAR	178867107
—	ESSA BANCORP INC	81,626	$1.327M	0.5%	$11.56	—	COM	29667D104
USB	US BANCORP DEL	24,288	$1.283M	0.5%	$25.38	+54.2%	COM NEW	902973304
—	CIT GROUP INC	24,325	$1.255M	0.5%	$49.02	—	COM NEW	125581801
IMPM	IMPAC MTG HLDGS INC	165,792	$1.241M	0.5%	$10.97	-26.6%	COM NEW	45254P508
KINS	KINGSTONE COS INC	64,989	$1.235M	0.5%	$12.25	+24.8%	COM	496719105
C	CITIGROUP INC	17,174	$1.232M	0.5%	$37.66	+45.4%	COM NEW	172967424
THG	HANOVER INS GROUP INC	9,704	$1.197M	0.5%	$42.09	+133.0%	COM	410867105
—	FAUQUIER BANKSHARES INC VA	46,781	$1.184M	0.5%	$16.16	—	COM	312059108
GSBD	GOLDMAN SACHS BDC INC	50,128	$1.112M	0.4%	$21.30	+2.9%	SHS	38147U107
—	AMERICAN INTL GROUP INC	74,233	$1.085M	0.4%	$16.22	—	*W EXP 01/19/202	026874156
—	FIRST DEFIANCE FINL CORP	33,856	$1.019M	0.4%	$28.59	—	COM	32006W106
—	PNC FINL SVCS GROUP INC	14,754	$1.018M	0.4%	$19.88	—	*W EXP 12/31/201	693475121
—	STATE BK FINL CORP	33,236	$1.003M	0.4%	$18.34	—	COM	856190103
BPOP	POPULAR INC	18,863	$967K	0.4%	$30.21	+32.9%	COM NEW	733174700
—	RITE AID CORP	737,373	$944K	0.4%	$4.57	—	COM	767754104
CBFV	CB FINL SVCS INC	29,273	$903K	0.3%	$17.84	+33.7%	COM	12479G101
TOWN	TOWNEBANK PORTSMOUTH VA	28,065	$866K	0.3%	$25.15	+28.6%	COM	89214P109
—	SEVERN BANCORP ANNAPOLIS MD	85,000	$833K	0.3%	$7.07	—	COM	81811M100
MS	MORGAN STANLEY	16,979	$791K	0.3%	$22.26	+74.9%	COM NEW	617446448
BBDC	BARINGS BDC INC	77,387	$775K	0.3%	$5.31	0.0%	COM	06759L103
NWL	NEWELL BRANDS INC	37,943	$770K	0.3%	$18.78	-11.7%	COM	651229106
—	ALCENTRA CAP CORP	123,121	$736K	0.3%	$6.49	—	COM	01374T102
ALL	ALLSTATE CORP	7,349	$725K	0.3%	$41.21	+99.2%	COM	020002101
MET	METLIFE INC	15,279	$714K	0.3%	$30.13	+17.9%	COM	59156R108
MRCC	MONROE CAP CORP	52,438	$712K	0.3%	$4.67	+18.6%	COM	610335101
CNOB	CONNECTONE BANCORP INC NEW	29,283	$695K	0.3%	$15.11	+36.9%	COM	20786W107
MS	MORGAN STANLEY	49,800	$690K	0.3%	$22.26	+74.9%	Call	617446448
—	WELLS FARGO CO NEW	35,454	$683K	0.3%	$18.12	—	*W EXP 10/28/201	949746119
—	CITIZENS FIRST CORP	25,000	$656K	0.3%	$24.89	—	COM	17462Q107
KKR	KKR & CO INC	23,000	$627K	0.2%	$24.47	0.0%	CL A	48251W104
—	SELECT BANCORP INC NEW	50,270	$623K	0.2%	$12.97	—	COM	81617L108
—	STANDARD AVB FINL CORP	20,000	$622K	0.2%	$30.30	—	COM	85303B100
—	APOLLO INVT CORP	112,000	$609K	0.2%	$5.30	—	COM	03761U106
—	ZIONS BANCORPORATION	33,389	$598K	0.2%	$13.11	—	*W EXP 05/22/202	989701115
—	HARBORONE BANCORP INC	30,905	$591K	0.2%	$18.70	—	COM	41165F101
—	CHEMICAL FINL CORP	11,050	$590K	0.2%	$49.97	—	COM	163731102
LNC	LINCOLN NATL CORP IND	8,687	$588K	0.2%	$35.97	+32.2%	COM	534187109
MPB	MID PENN BANCORP INC	19,837	$578K	0.2%	$24.93	0.0%	COM	59540G107
T	AT&T INC	17,200	$578K	0.2%	$14.02	+3.2%	COM	00206R102
PRKS	SEAWORLD ENTMT INC	17,900	$563K	0.2%	$16.41	+58.8%	COM	81282V100
—	UNIVAR INC	18,000	$552K	0.2%	$26.22	—	COM	91336L107
—	BB&T CORP	57,300	$549K	0.2%	$37.92	—	Call	054937107
KRNY	KEARNY FINL CORP MD	39,524	$548K	0.2%	$14.48	-5.1%	COM	48716P108
HBAN	HUNTINGTON BANCSHARES INC	36,612	$546K	0.2%	$5.68	+95.7%	COM	446150104
STT	STATE STR CORP	6,088	$510K	0.2%	$50.63	+36.9%	COM	857477103
—	OLD LINE BANCSHARES INC	15,818	$500K	0.2%	$34.90	—	COM	67984M100
META	FACEBOOK INC	3,000	$493K	0.2%	$49.86	+260.6%	CL A	30303M102
—	DISCOVER FINL SVCS	6,258	$478K	0.2%	$56.00	—	COM	254709108
—	BROOKLINE BANCORP INC DEL	28,496	$476K	0.2%	$10.01	—	COM	11373M107
BK	BANK NEW YORK MELLON CORP	38,800	$457K	0.2%	$31.29	+36.5%	Call	064058100
CFG	CITIZENS FINL GROUP INC	11,852	$457K	0.2%	$25.16	+16.7%	COM	174610105
PEG	PUBLIC SVC ENTERPRISE GROUP	8,500	$449K	0.2%	$21.50	+89.2%	COM	744573106
HAFC	HANMI FINL CORP	17,914	$446K	0.2%	$18.99	+38.8%	COM NEW	410495204
—	PACIFIC MERCANTILE BANCORP	47,000	$439K	0.2%	$7.11	—	COM	694552100
—	MAIDEN HOLDINGS LTD	157,641	$438K	0.2%	$5.50	—	SHS	G5753U112
WFC	WELLS FARGO CO NEW	264,900	$429K	0.2%	$46.51	0.0%	Call	949746101
AAPL	APPLE INC	1,722	$389K	0.1%	$30.44	+61.9%	COM	037833100
MSGS	MADISON SQUARE GARDEN CO NEW	1,216	$383K	0.1%	$128.20	+73.2%	CL A	55825T103
—	CORPORATE CAP TR INC	25,000	$382K	0.1%	$15.64	—	COM	219880101
PB	PROSPERITY BANCSHARES INC	5,435	$377K	0.1%	$40.16	+42.6%	COM	743606105
BDX	BECTON DICKINSON & CO	1,394	$364K	0.1%	$85.77	+156.9%	COM	075887109
—	GUARANTY FED BANCSHARES INC	15,000	$360K	0.1%	$14.73	—	COM	40108P101
—	INVESTORS BANCORP INC NEW	28,591	$351K	0.1%	$10.99	—	COM	46146L101
MET	METLIFE INC	56,500	$337K	0.1%	$30.13	+17.9%	Call	59156R108
—	PACIFIC PREMIER BANCORP	9,000	$335K	0.1%	$40.00	—	COM	69478X105
—	HOMETOWN BANKSHARES CORP	24,960	$334K	0.1%	$9.25	—	COM	43787N108
BOTJ	BANK OF THE ST JAMES FINL GP	20,926	$331K	0.1%	$11.94	0.0%	COM	470299108
—	DISCOVER FINL SVCS	14,600	$330K	0.1%	$56.00	—	Call	254709108
HTGC	HERCULES CAPITAL INC	25,000	$329K	0.1%	$13.26	+0.6%	COM	427096508
FCCO	FIRST CMNTY CORP S C	13,500	$327K	0.1%	$9.35	+121.9%	COM	319835104
SMBK	SMARTFINANCIAL INC	13,818	$325K	0.1%	$22.35	+11.3%	COM NEW	83190L208
CROX	CROCS INC	15,200	$324K	0.1%	$12.37	+55.3%	COM	227046109
HOPE	HOPE BANCORP INC	19,981	$323K	0.1%	$16.20	+6.9%	COM	43940T109
WSBF	WATERSTONE FINL INC MD	18,556	$318K	0.1%	$10.47	+63.1%	COM	94188P101
KEY	KEYCORP NEW	49,400	$315K	0.1%	$7.93	+84.6%	Call	493267108
—	CODORUS VY BANCORP INC	10,000	$312K	0.1%	$30.70	—	COM	192025104
FDUS	FIDUS INVT CORP	20,600	$301K	0.1%	$5.75	+10.7%	COM	316500107
SSBI	SUMMIT ST BK SANTA ROSA CALI	19,200	$295K	0.1%	$9.05	+25.8%	COM	866264203
HTB	HOMETRUST BANCSHARES INC	10,000	$292K	0.1%	$24.58	+18.1%	COM	437872104
—	SUNTRUST BKS INC	10,400	$281K	0.1%	$37.06	—	Call	867914103
—	BANK COMM HLDGS	22,300	$272K	0.1%	$7.22	—	COM	06424J103
—	BANCORP NEW JERSEY INC NEW	15,750	$269K	0.1%	$17.70	—	COM	059915108
—	FIRST CHOICE BANCORP	9,880	$268K	0.1%	$30.57	—	COM	31948P104
PFE	PFIZER INC	5,988	$264K	0.1%	$20.38	+35.7%	COM	717081103
—	FIDELITY SOUTHERN CORP NEW	10,622	$263K	0.1%	$23.64	—	COM	316394105
LEN	LENNAR CORP	5,576	$260K	0.1%	$30.45	+51.8%	CL A	526057104
BMY	BRISTOL MYERS SQUIBB CO	14,700	$257K	0.1%	$39.53	+13.8%	Call	110122108
—	LEGG MASON INC	8,169	$255K	0.1%	$43.54	—	COM	524901105
PRU	PRUDENTIAL FINL INC	11,900	$250K	0.1%	—	—	Call	744320102
AIG	AMERICAN INTL GROUP INC	4,613	$246K	0.1%	$38.86	+13.7%	COM NEW	026874784
UPS	UNITED PARCEL SERVICE INC	1,993	$233K	0.1%	$70.63	+25.2%	CL B	911312106
IAT	ISHARES TR	4,683	$230K	0.1%	$44.84	—	US REGNL BKS ETF	464288778
CB	CHUBB LIMITED	1,628	$218K	0.1%	$103.60	+15.1%	COM	H1467J104
COLB	COLUMBIA BKG SYS INC	5,603	$217K	0.1%	$30.37	-3.2%	COM	197236102
—	LYDALL INC DEL	5,000	$216K	0.1%	$51.20	—	COM	550819106
—	CIT GROUP INC	13,000	$215K	0.1%	$49.02	—	Call	125581801
—	ENERGEN CORP	2,500	$215K	0.1%	$86.00	—	COM	29265N108
VDE	VANGUARD WORLD FDS	2,000	$210K	0.1%	$105.00	—	ENERGY ETF	92204A306
—	ARGO GROUP INTL HLDGS LTD	3,298	$208K	0.1%	$63.07	—	COM	G0464B107
WFC	WELLS FARGO CO NEW	3,863	$203K	0.1%	$46.51	0.0%	COM	949746101
ZION	ZIONS BANCORPORATION	17,000	$198K	0.1%	—	—	Call	989701107
RF	REGIONS FINL CORP NEW	45,900	$195K	0.1%	$7.34	+89.9%	Call	7591EP100
—	HANESBRANDS INC	10,000	$184K	0.1%	$20.80	—	COM	410345102
—	SAFEGUARD SCIENTIFICS INC	19,596	$183K	0.1%	$12.30	—	COM NEW	786449207
BMY	BRISTOL MYERS SQUIBB CO	2,788	$173K	0.1%	$39.53	+13.8%	COM	110122108
—	LIQUID MEDIA GROUP LTD NEW	187,571	$159K	0.1%	$0.85	—	COM	53634Q105
—	HAMILTON BANCORP INC MD	10,000	$143K	0.1%	$15.70	—	COM	407015106
GNE	GENIE ENERGY LTD	25,180	$136K	0.1%	$11.22	-50.3%	CL B	372284208
—	RADIUS HEALTH INC	7,500	$134K	0.1%	$66.19	—	COM NEW	750469207
FNB	FNB CORP PA	10,000	$127K	0.0%	$10.33	-4.3%	COM	302520101
FITB	FIFTH THIRD BANCORP	14,400	$120K	0.0%	$13.25	+66.1%	Call	316773100
WTTR	SELECT ENERGY SVCS INC	10,000	$118K	0.0%	$12.60	—	CL A COM	81617J301
PFE	PFIZER INC	10,000	$113K	0.0%	$20.38	+35.7%	Call	717081103
—	HI-CRUSH PARTNERS LP	10,000	$108K	0.0%	$10.60	—	COM UNIT LTD	428337109
—	BIOSCRIP INC	34,075	$106K	0.0%	$4.97	—	COM	09069N108
BK	BANK NEW YORK MELLON CORP	2,005	$102K	0.0%	$31.29	+36.5%	COM	064058100
IP	INTL PAPER CO	2,001	$98,000	0.0%	$35.63	0.0%	COM	460146103
ALL	ALLSTATE CORP	2,800	$82,000	0.0%	$41.21	+99.2%	Call	020002101
UPS	UNITED PARCEL SERVICE INC	2,000	$70,000	0.0%	$70.63	+25.2%	Call	911312106
AIG	AMERICAN INTL GROUP INC	11,300	$64,000	0.0%	$38.86	+13.7%	Call	026874784
IP	INTL PAPER CO	8,100	$54,000	0.0%	$35.63	0.0%	Call	460146103
T	AT&T INC	10,000	$17,000	0.0%	$14.02	+3.2%	Call	00206R102
NWL	NEWELL BRANDS INC	8,000	$12,000	0.0%	$18.78	-11.7%	Call	651229106
—	HANESBRANDS INC	5,000	$9,000	0.0%	$20.80	—	Call	410345102
—	RADIUS HEALTH INC	6,700	$8,000	0.0%	$66.19	—	Call	750469207
—	GENERAL ELECTRIC CO	41,500	$0	0.0%	—	—	Call	369604103