Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	YADKIN FINANCIAL CO	1,038,334	$22.31M	6.2%	$20.48	—	COM	984305102
TFIN	TRIUMPH BANCORP INC COM	730,704	$12.28M	3.4%	$13.11	+9.5%	COM	89679E300
—	C1 FINANCIAL INC COM	618,032	$11.77M	3.3%	$18.83	—	COM	12591N109
—	NEWBRIDGE BANCORP CLASS A NO P	1,291,633	$11.02M	3.1%	$8.69	—	COM	65080T102
RITM	NEW RESIDENTIAL INVESTMENT COR	832,370	$10.9M	3.0%	$14.04	—	COM	64828T201
HTB	HOMETRUST BANCSHARES INC COM	580,646	$10.77M	3.0%	$15.67	+13.6%	COM	437872104
—	PUT XLF 10/16/15 22 SEC	375,000	$8.498M	2.4%	$22.66	—	PUT	8KQHXK9
ABCB	AMERIS BANCORP	271,430	$7.804M	2.2%	$22.39	+6.4%	COM	03076K108
BAC	BANK AMERICA CORP	500,600	$7.799M	2.2%	$12.19	+10.3%	COM	060505104
—	STATE BANK FINANCIAL CORPORATI	350,418	$7.247M	2.0%	$19.61	—	COM	856190103
CNOB	CONNECTONE BANCORP INC NEW COM	369,800	$7.137M	2.0%	$14.72	+10.0%	COM	20786W107
—	BNC BANCORP	318,472	$7.079M	2.0%	$18.12	—	COM	05566T101
—	FIRST SEC GROUP INC COM NEW C/	2,807,160	$6.989M	1.9%	$2.32	—	COM	336312202
—	COWEN GROUP INC CLASS A	1,529,273	$6.973M	1.9%	$3.79	—	COM	223622101
—	DISCOVER FINANCIAL SERVICES	125,000	$6.499M	1.8%	$51.99	—	COM	254709108
—	PUT XLF 10/16/15 21.50	280,000	$6.345M	1.8%	$22.66	—	PUT	8CXZFF5
BANC	BANC OF CALIFORNIA INC	503,903	$6.183M	1.7%	$8.82	+12.9%	COM	05990K106
—	KRE 10/16/15 P38 SPDR SERIES T	150,000	$6.177M	1.7%	$41.18	—	PUT	KRE151016
—	SOUTH ST CORP	75,000	$5.765M	1.6%	$61.00	—	COM	840441109
—	FRANKLIN FINANCIAL NETWORK INC	257,262	$5.749M	1.6%	$21.20	—	COM	35352P104
AER	***AERCAP HOLDINGS NV	130,890	$5.005M	1.4%	$46.21	-5.8%	COM	N00985106
SBCF	SEACOAST BANKING CORPORATION O	320,106	$4.699M	1.3%	$11.38	+34.8%	COM	811707801
—	AMERICAN EQUITY INVESTMENT LIF	199,000	$4.639M	1.3%	$23.31	—	COM	025676206
HLI	HOULIHAN LOKEY INC CLASS A COM	211,480	$4.61M	1.3%	$17.63	0.0%	COM	441593100
—	E TRADE FINL CORP COMNEW	175,000	$4.608M	1.3%	$26.33	—	COM	269246401
HIG	HARTFORD FINL SVCS GROUP INC C	100,000	$4.578M	1.3%	$36.99	0.0%	COM	416515104
—	SOUTHERN NATIONAL BANCORP OF V	399,511	$4.511M	1.3%	$10.76	—	COM	843395104
FFWM	FIRST FOUNDATION INC	196,263	$4.469M	1.2%	$9.84	0.0%	COM	32026V104
—	SYNOVUS FINL CORP	150,000	$4.44M	1.2%	$25.63	—	COM	87161C501
UCB	UNITED COMMUNITY BANKS INC	207,086	$4.233M	1.2%	$20.44	0.0%	COM	90984P303
—	TALMER BANCORP INC COM CL A	248,110	$4.131M	1.2%	$16.65	—	COM	87482X101
—	FIDELITY SOUTHERN CORP NEW	191,704	$4.053M	1.1%	$13.09	—	COM	316394105
—	PARK STERLING CORP	596,002	$4.053M	1.1%	$7.14	—	COM	70086Y105
—	ATLANTIC COAST FINANCIAL CORPO	724,880	$4.008M	1.1%	$4.36	—	COM	048426100
—	M&T BANK CORP -WT18 WARRANTS 1	80,000	$3.938M	1.1%	$51.77	—	WT	55261F112
—	ASB BANCORP INC	141,650	$3.548M	1.0%	$20.59	—	COM	00213T109
—	AVENUE FINANCIAL HOLDINGS INC	255,365	$3.371M	0.9%	$13.20	—	COM	05358K102
CHCT	COMMUNITY HEALTHCARE TRUST INC	200,738	$3.192M	0.9%	$15.90	—	COM	20369C106
—	HAMPTON RDS BANKSHARES INC	1,658,268	$3.15M	0.9%	$2.03	—	COM	409321502
MS	MORGAN STANLEY	100,000	$3.15M	0.9%	$27.26	0.0%	COM	617446448
NBHC	NATIONAL BANK HOLDINGS CORP-CL	150,000	$3.079M	0.9%	$16.61	0.0%	COM	633707104
—	BOSTON PRIVATE FINANCIAL HLDGS	261,673	$3.062M	0.9%	$12.35	—	COM	101119105
SAMG	SILVERCREST ASSET MANAGEMENT G	283,131	$3.061M	0.9%	$14.47	-15.7%	COM	828359109
LOB	LIVE OAK BANCSHARES INC COM	145,780	$2.863M	0.8%	$19.67	0.0%	COM	53803X105
—	PUT SCHW OCT 27.00000 10/16/20	100,000	$2.856M	0.8%	$28.56	—	PUT	8bxczj3
FITB	FIFTH THIRD BANCORP COM	150,000	$2.836M	0.8%	$13.36	+5.9%	COM	316773100
FHN	FIRST HORIZON NATL CORP	200,000	$2.836M	0.8%	$10.76	0.0%	COM	320517105
—	ANCHOR BANCORP WISCONSIN INC C	66,550	$2.834M	0.8%	$39.47	—	COM	03283P106
—	MANNING & NAPIER INC CL A	362,380	$2.667M	0.7%	$7.36	—	COM	56382Q102
RNST	RENASANT CORPORATION	80,572	$2.647M	0.7%	$32.12	0.0%	COM	75970E107
—	ptusWFC 151016P000500000	50,000	$2.567M	0.7%	$51.34	—	PUT	WFC151016
SFST	SOUTHERN FIRST BANCSHARES	119,379	$2.446M	0.7%	$19.16	+4.0%	COM	842873101
HOMB	HOME BANCSHARES INC	60,000	$2.43M	0.7%	$12.62	+53.9%	COM	436893200
—	UNITED FINANCIAL BANCORP	185,500	$2.421M	0.7%	$13.42	—	COM	910304104
—	SUN BANCORP INC COM NEW	123,538	$2.371M	0.7%	$18.99	—	COM	86663B201
—	METLIFE INC	50,000	$2.357M	0.7%	$55.98	—	COM	59156r108
LADR	LADDER CAPITAL CORP CL A	163,498	$2.341M	0.7%	$18.92	—	COM	505743104
—	HERITAGE OAKS BANCORP	284,556	$2.265M	0.6%	$7.87	—	COM	42724R107
—	PNC 10/16/15 P85 PNC FINL SVCS	25,000	$2.23M	0.6%	$89.20	—	PUT	PNC151016
NBTB	NBT BANCORP INC	81,670	$2.2M	0.6%	$21.18	+25.0%	COM	628778102
SHBI	SHORE BANCSHARES INC COM	217,401	$2.113M	0.6%	$9.35	+1.5%	COM	825107105
FCCO	FIRST COMMUNITY CORPORATION	169,435	$2.098M	0.6%	$7.14	+31.8%	COM	319835104
—	PUT KRE 10/16/15 35 SPD	50,000	$2.06M	0.6%	$41.20	—	PUT	8BWCLX7
—	JACKSONVILLE BANCORP INC	137,336	$2.052M	0.6%	$10.60	—	COM	469249205
—	PUT USB 10/16/15 41 US	50,000	$2.05M	0.6%	$41.00	—	PUT	8KTNGN5
—	PUT USB OCT 40.50000 10/16/201	50,000	$2.05M	0.6%	$41.00	—	PUT	8CXSKB7
RF	REGIONS FINL CORP NEW COM	200,000	$1.802M	0.5%	$6.88	-0.7%	COM	7591EP100
WBS	WEBSTER FINL CORP WATERBURYCON	50,000	$1.781M	0.5%	$37.24	0.0%	COM	947890109
—	PUT BBT 10/16/15 33 BB&	50,000	$1.78M	0.5%	$35.60	—	PUT	8BTNGT0
—	PUT BBT 10/16/15 34 BB&	50,000	$1.78M	0.5%	$35.60	—	PUT	8BTNGT3
—	SOUTHCOAST FINANCIAL CORP	122,313	$1.63M	0.5%	$7.24	—	COM	84129R100
—	ASTORIA FINANCIAL CORP	100,000	$1.61M	0.4%	$14.24	—	COM	046265104
—	PUT AMTD 10/16/15 31 TD	50,000	$1.592M	0.4%	$31.84	—	PUT	8BTJWG2
—	PUT XLF 10/16/15 21 SEC	70,000	$1.586M	0.4%	$22.66	—	PUT	8KQHXK7
—	PAYPAL HOLDINGS INCO	50,000	$1.552M	0.4%	$31.04	—	COM	70450y103
HTGC	HERCULES TECH GROWTH CAP INC C	150,000	$1.516M	0.4%	$12.44	-8.9%	COM	427096508
—	PUT SCHW 10/16/15 26 CHA	50,000	$1.428M	0.4%	$28.56	—	PUT	8BXCZH9
—	NATIONSTAR MTG LLC/NATIONSTARC	100,000	$1.387M	0.4%	$16.80	—	COM	63861c109
TOWN	TOWNEBANK PORTSMOUTH VA COM ST	70,000	$1.319M	0.4%	$15.48	+15.7%	COM	89214P109
—	PFG 10/16/15 P47 PRINCIPAL FIN	25,000	$1.183M	0.3%	$47.32	—	PUT	PFG151016
TFSL	TFS FINANCIAL CORP	65,050	$1.122M	0.3%	$5.55	+61.1%	COM	87240R107
—	BANK OF THE OZARKS INC	25,000	$1.094M	0.3%	$43.76	—	COM	063904106
—	SELECT BANCORP INC COM	145,965	$1.068M	0.3%	$7.20	—	COM	81617L108
—	GUARANTY BANCORP DEL COM NEW	64,444	$1.061M	0.3%	$16.51	—	COM	40075T607
—	PUT CMA 10/16/15 40 COM	25,000	$1.027M	0.3%	$41.08	—	PUT	8Y37514
—	COBIZ FINANCIAL INC	75,000	$976K	0.3%	$8.08	—	COM	190897108
—	CARTER BK & TR MARTINSVILLE VA	71,957	$907K	0.3%	$11.80	—	COM	146102108
FBNC	FIRST BANCORP-TROY N.C.	50,000	$850K	0.2%	$13.70	+1.1%	COM	318910106
—	PERFORMANT FINANCIAL CORPORATI	343,138	$830K	0.2%	$4.52	—	COM	71377E105
—	FIRST BANCSHARES INC-MISS	42,705	$746K	0.2%	$12.13	—	COM	318916103
—	EVANS BANCORP INC NEW	27,959	$693K	0.2%	$24.25	—	COM	29911Q208
HTBK	HERITAGE COMMERCE CORP	51,907	$589K	0.2%	$9.13	+17.7%	COM	426927109
BWFG	BANKWELL FINANCIAL GROUP INC	28,280	$517K	0.1%	$14.58	0.0%	COM	06654A103
—	DIME COMMUNITY BANCSHARES	24,680	$417K	0.1%	$16.90	—	COM	253922108
—	NATIONAL HOLDINGS CORPORATION	149,327	$411K	0.1%	$2.75	—	COM	636375206
—	BSB BANCORP INC MD COM	18,678	$395K	0.1%	$22.08	—	COM	05573H108
—	PEREGRINE HOLDINGS	275,000	$298K	0.1%	$1.08	—	COM	995331600
—	XENITH BANKSHARES INC	43,240	$276K	0.1%	$6.38	—	COM	98410X105
—	CITIZENS FIRST CORP COM	20,638	$261K	0.1%	$12.50	—	COM	17462Q107
—	OAK VIEW NATIONAL BANK WARRENT	47,179	$235K	0.1%	$5.26	—	COM	67134X105
NEWT	NEWTEK BUSINESS SERVICES CORP	10,780	$177K	0.0%	$17.66	0.0%	COM	652526203
—	FIRST CAPITAL BANCORP INC	33,947	$162K	0.0%	$4.19	—	COM	319438107