Location: Arlington, VA
CIK: 0001353254 · Show all filings
Period: Q1 2017 (← Previous) (Next →)
Filing Date: May 15, 2017
Total Value: $1.58B (97.9% shares, 2.1% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| SPY | SPDR S&P 500 ETF TR | 750,000 | $177M | 11.2% | — | — | Put | 78462F103 |
| ALEX | ALEXANDER & BALDWIN INC NEW | 2,296,117 | $102M | 6.5% | $39.64 | — | COM | 014491104 |
| — | IBERIABANK CORP | 925,925 | $73.24M | 4.6% | $79.23 | — | COM | 450828108 |
| ZION | ZIONS BANCORPORATION | 1,726,346 | $72.51M | 4.6% | $32.33 | +34.3% | COM | 989701107 |
| — | PHH CORP | 5,292,329 | $67.37M | 4.3% | $12.73 | — | COM NEW | 693320202 |
| CFG | CITIZENS FINL GROUP INC | 1,560,000 | $53.9M | 3.4% | $17.78 | +45.1% | COM | 174610105 |
| CMA | COMERICA INC | 637,617 | $43.73M | 2.8% | $33.09 | +45.8% | COM | 200340107 |
| — | SYNOVUS FINL CORP | 1,000,002 | $41.02M | 2.6% | $31.18 | — | COM NEW | 87161C501 |
| — | SUN BANCORP INC | 1,493,820 | $36.45M | 2.3% | $19.92 | — | COM NEW | 86663B201 |
| OCFC | OCEANFIRST FINL CORP | 1,250,000 | $35.22M | 2.2% | $13.02 | +60.5% | COM | 675234108 |
| — | SUNTRUST BKS INC | 600,000 | $33.18M | 2.1% | $45.56 | — | COM | 867914103 |
| IBCP | INDEPENDENT BANK CORP MICH | 1,450,000 | $30.02M | 1.9% | $7.17 | +112.8% | COM NEW | 453838609 |
| MBI | MBIA INC | 3,480,000 | $29.48M | 1.9% | $3.77 | +16.5% | COM | 55262C100 |
| — | ON DECK CAP INC | 5,777,030 | $29.12M | 1.8% | $4.81 | — | COM | 682163100 |
| OSG | AMBAC FINL GROUP INC | 1,261,376 | $23.79M | 1.5% | $19.90 | +5.7% | COM NEW | 023139884 |
| KEY | KEYCORP NEW | 1,300,000 | $23.11M | 1.5% | $12.49 | 0.0% | COM | 493267108 |
| — | GUARANTY BANCORP DEL | 913,788 | $22.25M | 1.4% | $16.99 | — | COM NEW | 40075T607 |
| RF | REGIONS FINL CORP NEW | 1,500,000 | $21.8M | 1.4% | $10.60 | 0.0% | COM | 7591EP100 |
| KBE | SPDR SERIES TRUST | 500,000 | $21.49M | 1.4% | $42.98 | — | S&P BK ETF | 78464A797 |
| ALLY | ALLY FINL INC | 1,057,074 | $21.49M | 1.4% | $16.43 | -0.1% | COM | 02005N100 |
| BANC | BANC OF CALIFORNIA INC | 1,015,000 | $21.01M | 1.3% | $15.16 | 0.0% | COM | 05990K106 |
| — | ROYAL BK SCOTLAND GROUP PLC | 19,054,000 | $19.86M | 1.3% | $1.00 | — | NOTE 8.625%12/3 | 780097BB6 |
| HBCP | HOME BANCORP INC | 551,585 | $18.62M | 1.2% | $20.47 | +40.2% | COM | 43689E107 |
| EQBK | EQUITY BANCSHARES INC | 581,366 | $18.47M | 1.2% | $24.00 | +27.8% | COM CL A | 29460X109 |
| — | MERIDIAN BANCORP INC MD | 1,000,000 | $18.3M | 1.2% | $10.84 | — | COM | 58958U103 |
| — | BLUE HILLS BANCORP INC | 1,000,000 | $17.85M | 1.1% | $13.53 | — | COM | 095573101 |
| CASH | META FINL GROUP INC | 200,000 | $17.7M | 1.1% | $15.09 | +95.5% | COM | 59100U108 |
| MSBI | MIDLAND STS BANCORP INC ILL | 500,000 | $17.2M | 1.1% | $14.17 | +57.6% | COM | 597742105 |
| — | E TRADE FINANCIAL CORP | 492,500 | $17.18M | 1.1% | $34.89 | — | COM NEW | 269246401 |
| — | HOWARD BANCORP INC | 879,782 | $16.45M | 1.0% | $14.44 | — | COM | 442496105 |
| WNEB | WESTERN NEW ENG BANCORP INC | 1,500,000 | $15.75M | 1.0% | $6.49 | +19.6% | COM | 958892101 |
| SFST | SOUTHERN FIRST BANCSHARES IN | 476,261 | $15.55M | 1.0% | $14.18 | +140.8% | COM | 842873101 |
| PGC | PEAPACK-GLADSTONE FINL CORP | 518,254 | $15.34M | 1.0% | $16.72 | +73.0% | COM | 704699107 |
| FBNC | FIRST BANCORP N C | 500,000 | $14.64M | 0.9% | $14.18 | +72.6% | COM | 318910106 |
| — | ARES MGMT L P | 767,870 | $14.55M | 0.9% | $18.95 | — | COM UNIT RP IN | 04014Y101 |
| — | CIVISTA BANCSHARES INC | 221,331 | $14.44M | 0.9% | $34.88 | — | 6.50% PFD SER B | 178867206 |
| — | ENTEGRA FINL CORP | 600,000 | $14.19M | 0.9% | $16.02 | — | COM | 29363J108 |
| — | FIRST LONG IS CORP | 500,000 | $13.53M | 0.9% | $27.42 | — | COM | 320734106 |
| — | MALVERN BANCORP INC | 640,587 | $13.49M | 0.9% | $16.74 | — | COM | 561409103 |
| — | COMMUNITY BANKERS TR CORP | 1,656,718 | $13.25M | 0.8% | $4.17 | — | COM | 203612106 |
| MOFG | MIDWESTONE FINL GROUP INC NE | 375,000 | $12.86M | 0.8% | $35.99 | 0.0% | COM | 598511103 |
| STANLN V7.5 PERP REGS | STANDARD CHARTERED PLC | 12,255,000 | $12.65M | 0.8% | $0.99 | — | DEBT 7.500%12/3 | G84228CQ9 |
| — | FIRST CONN BANCORP INC MD | 500,000 | $12.4M | 0.8% | $16.08 | — | COM | 319850103 |
| ISTR | INVESTAR HLDG CORP | 547,485 | $11.99M | 0.8% | $20.29 | 0.0% | COM | 46134L105 |
| — | ZIONS BANCORPORATION | 1,000,000 | $11.51M | 0.7% | $4.68 | — | *W EXP 05/22/202 | 989701115 |
| — | CIT GROUP INC | 250,000 | $10.73M | 0.7% | $38.17 | — | COM NEW | 125581801 |
| — | PARAGON COML CORP | 185,858 | $9.942M | 0.6% | $35.00 | — | COM NEW | 69911U403 |
| — | SI FINL GROUP INC MD | 675,000 | $9.484M | 0.6% | $11.33 | — | COM | 78425V104 |
| — | VERITEX HLDGS INC | 326,197 | $9.173M | 0.6% | $26.95 | — | COM | 923451108 |
| SMBK | SMARTFINANCIAL INC | 431,659 | $9.082M | 0.6% | $19.45 | +7.0% | COM NEW | 83190L208 |
| — | COMMUNITY FINL CORP MD | 250,000 | $9M | 0.6% | $20.68 | — | COM | 20368X101 |
| ORRF | ORRSTOWN FINL SVCS INC | 400,000 | $8.94M | 0.6% | $12.07 | +38.2% | COM | 687380105 |
| — | UNITED CMNTY FINL CORP OHIO | 1,035,878 | $8.639M | 0.5% | $4.61 | — | COM | 909839102 |
| — | SEVERN BANCORP ANNAPOLIS MD | 1,182,000 | $8.51M | 0.5% | $6.00 | — | COM | 81811M100 |
| FBP | FIRST BANCORP P R | 1,500,000 | $8.475M | 0.5% | $5.18 | 0.0% | COM NEW | 318672706 |
| AL | AIR LEASE CORP | 209,716 | $8.126M | 0.5% | $32.48 | 0.0% | CL A | 00912X302 |
| NBHC | NATIONAL BK HLDGS CORP | 250,000 | $8.125M | 0.5% | $16.48 | +59.1% | CL A | 633707104 |
| — | SUNSHINE BANCORP INC | 384,719 | $8.056M | 0.5% | $14.91 | — | COM | 86777J108 |
| AER | AERCAP HOLDINGS NV | 175,000 | $8.045M | 0.5% | $44.26 | -0.4% | SHS | N00985106 |
| — | BAY BANCORP INC | 1,000,000 | $7.85M | 0.5% | $5.51 | — | COM | 07203T106 |
| — | RANDOLPH BANCORP INC | 501,900 | $7.779M | 0.5% | $13.63 | — | COM | 752378109 |
| UNTY | UNITY BANCORP INC | 442,600 | $7.502M | 0.5% | $11.80 | +23.0% | COM | 913290102 |
| — | BENEFICIAL BANCORP INC | 468,804 | $7.501M | 0.5% | $16.00 | — | COM | 08171T102 |
| NODK | NI HLDGS INC | 500,000 | $7.465M | 0.5% | $14.55 | 0.0% | COM | 65342T106 |
| — | CENTRUE FINL CORP NEW | 282,235 | $7.361M | 0.5% | $16.86 | — | COM NEW | 15643B205 |
| — | PACIFIC MERCANTILE BANCORP | 972,648 | $7.343M | 0.5% | $7.37 | — | COM | 694552100 |
| — | ATLANTIC COAST FINL CORP | 913,960 | $6.964M | 0.4% | $6.19 | — | COM | 048426100 |
| — | FIDELITY SOUTHERN CORP NEW | 279,147 | $6.247M | 0.4% | $17.21 | — | COM | 316394105 |
| — | BGC PARTNERS INC | 545,000 | $6.191M | 0.4% | $11.36 | — | CL A | 05541T101 |
| — | HAMILTON BANCORP INC MD | 325,000 | $4.989M | 0.3% | $13.31 | — | COM | 407015106 |
| CZWI | CITIZENS CMNTY BANCORP INC M | 351,181 | $4.864M | 0.3% | $10.12 | +6.2% | COM | 174903104 |
| CLPR | CLIPPER RLTY INC | 344,325 | $4.414M | 0.3% | $12.82 | — | COM | 18885T306 |
| — | GUARANTY FED BANCSHARES INC | 197,990 | $3.774M | 0.2% | $12.82 | — | COM | 40108P101 |
| — | HOMETOWN BANKSHARES CORP | 372,735 | $3.616M | 0.2% | $9.25 | — | COM | 43787N108 |
| PKBK | PARKE BANCORP INC | 150,000 | $3.203M | 0.2% | $9.35 | +36.1% | COM | 700885106 |
| — | CONDOR HOSPITALITY TR INC | 125,000 | $1.325M | 0.1% | $10.60 | — | COM NEW | 20676Y403 |
| CIVB | CIVISTA BANCSHARES INC | 45,157 | $1.001M | 0.1% | $17.19 | 0.0% | COM NO PAR | 178867107 |
| — | BLUEROCK RESIDENTIAL GRW REI | 75,000 | $923K | 0.1% | $12.10 | — | COM CL A | 09627J102 |
| — | CNX COAL RES LP | 50,000 | $848K | 0.1% | $12.05 | — | COM UNIT RP LP | 12592V100 |
| — | COLONY NORTHSTAR INC | 60,000 | $775K | 0.0% | $12.92 | — | CL A COM | 19625W104 |
| EPD | ENTERPRISE PRODS PARTNERS L | 25,000 | $690K | 0.0% | $26.13 | — | COM | 293792107 |
| USDP | USD PARTNERS LP | 50,000 | $615K | 0.0% | $11.19 | — | COM UT REP LTD | 903318103 |
| TPH | TRI POINTE GROUP INC | 45,000 | $564K | 0.0% | $12.76 | -3.8% | COM | 87265H109 |
| TOL | TOLL BROTHERS INC | 15,000 | $542K | 0.0% | $28.35 | +17.6% | COM | 889478103 |
| — | CYRUSONE INC | 10,000 | $515K | 0.0% | $48.15 | — | COM | 23283R100 |
| — | WHEELER REAL ESTATE INVT TR | 275,000 | $476K | 0.0% | $1.96 | — | COM | 963025101 |
| — | ENLINK MIDSTREAM PARTNERS LP | 20,000 | $366K | 0.0% | $17.41 | — | COM UNIT REP LTD | 29336U107 |
| — | HMN FINL INC | 19,336 | $349K | 0.0% | $17.48 | — | COM | 40424G108 |
| DHI | D R HORTON INC | 10,000 | $333K | 0.0% | $25.80 | +9.0% | COM | 23331A109 |
| TMHC | TAYLOR MORRISON HOME CORP | 15,000 | $320K | 0.0% | $20.16 | 0.0% | CL A | 87724P106 |
| — | STUDENT TRANSN INC | 50,000 | $292K | 0.0% | $5.84 | — | COM | 86388A108 |
| HLT | HILTON WORLDWIDE HLDGS INC | 5,000 | $292K | 0.0% | $55.58 | 0.0% | COM | 43300A203 |
| — | NORTHSTAR REALTY EUROPE CORP | 25,000 | $290K | 0.0% | $11.54 | — | COM | 66706L101 |
| WFC | WELLS FARGO & CO NEW | 5,000 | $278K | 0.0% | $36.83 | +20.5% | COM | 949746101 |
| ARCC | ARES CAP CORP | 15,000 | $261K | 0.0% | $5.62 | +32.3% | COM | 04010L103 |
| MBI | MBIA INC | 20,000 | $169K | 0.0% | $3.77 | +16.5% | Call | 55262C100 |