Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	INVESTORS BANCORP INC NEW	6,144,983	$62.25M	23.0%	$10.92	—	COM	46146L101
—	SUN BANCORP INC	1,023,058	$18.53M	6.9%	$18.11	—	COM NEW	86663B201
—	BNC BANCORP	869,381	$13.62M	5.0%	$17.14	—	COM	05566T101
—	UNITED CMNTY FINL CORP OHIO	2,648,330	$12.39M	4.6%	$3.57	—	COM	909839102
SBCF	SEACOAST BKG CORP FLA	1,030,134	$11.26M	4.2%	$11.17	-5.6%	COM NEW	811707801
—	NEWBRIDGE BANCORP	1,242,274	$9.428M	3.5%	$7.16	—	CL A NO PAR	65080T102
—	OLD LINE BANCSHARES INC	587,876	$9.1M	3.4%	$14.87	—	COM	67984M100
—	FIDELITY SOUTHERN CORP NEW	60,962	$8.351M	3.1%	$16.16	—	COM	316394105
—	UMPQUA HLDGS CORP	451,813	$7.441M	2.8%	$17.92	—	COM	904214103
HBCP	HOME BANCORP INC	243,194	$5.523M	2.0%	$15.88	+8.9%	COM	43689E107
—	ATLANTIC COAST FINL CORP	1,275,600	$5.204M	1.9%	$4.49	—	COM	048426100
—	MERIDIAN BANCORP INC MD	443,756	$4.686M	1.7%	$10.56	—	COM	58958U103
SHBI	SHORE BANCSHARES INC	498,400	$4.486M	1.7%	$9.34	-4.3%	COM	825107105
—	COMMUNITY FINL CORP MD	213,907	$4.434M	1.6%	$21.08	—	COM	20368X101
ISTR	INVESTAR HLDG CORP	331,300	$4.406M	1.6%	$13.94	0.0%	COM	46134L105
—	PACIFIC PREMIER BANCORP	289,007	$4.061M	1.5%	$15.00	—	COM	69478X105
—	MUTUALFIRST FINL INC	166,361	$3.743M	1.4%	$17.71	—	COM	62845B104
—	CHARTER FINL CORP MD	344,416	$3.685M	1.4%	$10.89	—	COM	16122W108
HTB	HOMETRUST BANCSHARES INC	239,945	$3.506M	1.3%	$16.05	-5.4%	COM	437872104
FCCO	FIRST CMNTY CORP S C	326,069	$3.469M	1.3%	$7.75	+4.6%	COM	319835104
—	GUARANTY FED BANCSHARES INC	281,533	$3.446M	1.3%	$12.71	—	COM	40108P101
IBCP	INDEPENDENT BANK CORP MICH	286,507	$3.415M	1.3%	$7.31	+16.2%	COM NEW	453838609
HFBL	HOME FED BANCORP INC LA NEW	168,540	$3.244M	1.2%	$8.52	+11.8%	COM	43708L108
FSFG	FIRST SAVINGS FINL GROUP INC	123,708	$3.088M	1.1%	$6.38	+3.3%	COM	33621E109
—	EASTERN VA BANKSHARES INC	483,516	$3.007M	1.1%	$7.00	—	COM	277196101
—	YADKIN FINL CORP	162,956	$2.959M	1.1%	$17.11	—	COM	984305102
WBBW	WESTBURY BANCORP INC	174,297	$2.623M	1.0%	$14.38	+5.1%	COM	95727P106
—	UNION BANKSHARES CORP NEW	110,642	$2.556M	0.9%	$25.16	—	COM	90539J109
CZWI	CITIZENS CMNTY BANCORP INC M	258,197	$2.285M	0.8%	$6.09	+17.7%	COM	174903104
—	FIRST CAPITAL BANCORP VA	504,147	$2.243M	0.8%	$4.53	—	COM	319438107
CCS	CENTURY CMNTYS INC	122,108	$2.119M	0.8%	$18.84	0.0%	COM	156504300
—	HAMILTON BANCORP INC MD	143,862	$1.936M	0.7%	$14.19	—	COM	407015106
CNOB	CONNECTONE BANCORP INC NEW	84,500	$1.61M	0.6%	$15.18	0.0%	COM	20786W107
—	ASB BANCORP INC N C	78,350	$1.579M	0.6%	$17.89	—	COM	00213T109
—	FEDFIRST FINL CORP NEW	72,461	$1.576M	0.6%	$21.41	—	COM	31429C101
—	CAPE BANCORP INC	164,668	$1.553M	0.6%	$10.17	—	COM	139209100
SMBC	SOUTHERN MO BANCORP INC	41,894	$1.503M	0.6%	$13.38	+8.4%	COM	843380106
—	COMMUNITY BK SHS IND INC	57,129	$1.501M	0.6%	$20.79	—	COM	203599105
—	WASHINGTONFIRST BANKSHARES I	88,792	$1.332M	0.5%	$14.39	—	COM	940730104
—	HF FINL CORP	98,950	$1.33M	0.5%	$13.75	—	COM	404172108
—	WELLESLEY BANCORP INC	67,315	$1.279M	0.5%	$19.55	—	COM	949485106
MCHB	HOMESTREET INC	67,658	$1.156M	0.4%	$19.63	-9.0%	COM	43785V102
—	CARDINAL FINL CORP	67,745	$1.156M	0.4%	$17.06	—	COM	14149F109
—	POAGE BANKSHARES INC	76,644	$1.15M	0.4%	$14.01	—	COM	730206109
—	GEORGETOWN BANCORP INC MD	69,708	$1.124M	0.4%	$15.89	—	COM	372591107
—	FIRST DEFIANCE FINL CORP	40,831	$1.103M	0.4%	$27.27	—	COM	32006W106
UCB	UNITED CMNTY BKS BLAIRSVLE G	66,789	$1.099M	0.4%	$16.59	+0.3%	COM	90984P303
HAFC	HANMI FINL CORP	50,909	$1.026M	0.4%	$19.57	+6.9%	COM NEW	410495204
—	MBT FINL CORP	213,280	$1.02M	0.4%	$4.95	—	COM	578877102
—	UNITED FINL BANCORP INC NEW	70,100	$890K	0.3%	$13.55	—	COM	910304104
SFBS	SERVISFIRST BANCSHARES INC	30,000	$864K	0.3%	$12.39	+0.4%	COM	81768T108
—	HERITAGE FINL GROUP INC	42,019	$848K	0.3%	$19.25	—	COM	42726X102
—	BSB BANCORP INC MD	44,460	$819K	0.3%	$15.09	—	COM	05573H108
—	HOWARD BANCORP INC	74,536	$771K	0.3%	$10.72	—	COM	442496105
FSBW	FS BANCORP INC	44,500	$761K	0.3%	$6.72	+1.9%	COM	30263Y104
OSBC	OLD SECOND BANCORP INC ILL	150,000	$722K	0.3%	$4.39	+0.0%	COM	680277100
IROQ	IF BANCORP INC	41,999	$710K	0.3%	$16.42	+3.0%	COM	44951J105
—	HOPFED BANCORP INC	61,448	$707K	0.3%	$11.39	—	COM	439734104
—	LAPORTE BANCORP INC MD	62,000	$695K	0.3%	$10.95	—	COM	516651106
—	COASTWAY BANCORP INC	63,500	$681K	0.3%	$10.33	—	COM	190632109
MBWM	MERCANTILE BANK CORP	33,476	$638K	0.2%	$12.78	+2.1%	COM	587376104
—	CLIFTON BANCORP INC	49,714	$626K	0.2%	$12.67	—	COM	186873105
—	FIRST SEC GROUP INC	300,500	$595K	0.2%	$1.98	—	COM NEW	336312202
FFIC	FLUSHING FINL CORP	28,555	$522K	0.2%	$11.92	-2.2%	COM	343873105
—	CENTERSTATE BANKS INC	45,000	$466K	0.2%	$10.60	—	COM	15201P109
—	DNB FINL CORP	20,911	$449K	0.2%	$21.23	—	COM	233237106
NBHC	NATIONAL BK HLDGS CORP	20,000	$382K	0.1%	$16.27	-3.1%	CL A	633707104
—	CHEVIOT FINL CORP NEW	28,932	$369K	0.1%	$10.30	—	COM	16677X105
—	CODORUS VY BANCORP INC	18,000	$368K	0.1%	$20.44	—	COM	192025104
—	METRO BANCORP INC PA	12,280	$298K	0.1%	$24.27	—	COM	59161R101
EBMT	EAGLE BANCORP MONT INC	26,454	$284K	0.1%	$7.85	+0.2%	COM	26942G100
NMIH	NMI HLDGS INC	30,000	$260K	0.1%	$10.96	-10.9%	CL A	629209305
—	FOX CHASE BANCORP INC NEW	15,244	$249K	0.1%	$16.33	—	COM	35137T108
FITB	FIFTH THIRD BANCORP	12,000	$240K	0.1%	$13.93	0.0%	COM	316773100
—	UNITED CMNTY BANCORP IND	20,000	$239K	0.1%	$10.75	—	COM	90984R101
—	NORTH VALLEY BANCORP	10,000	$216K	0.1%	$24.20	—	COM NEW	66304M204
—	BAYLAKE CORP	17,657	$212K	0.1%	$12.52	—	COM	072788102
HFWA	HERITAGE FINL CORP WASH	12,053	$191K	0.1%	$17.47	-7.2%	COM	42722X106
FRBA	FIRST BANK WILLIAMSTOWN NJ	27,018	$166K	0.1%	$5.38	0.0%	COM	31931U102
—	XENITH BANKSHARES INC	22,100	$140K	0.1%	$6.33	—	COM	98410X105
—	BROOKLINE BANCORP INC DEL	11,902	$102K	0.0%	$9.33	—	COM	11373M107
—	BANK MUTUAL CORP NEW	10,800	$69,000	0.0%	$5.74	—	COM	063750103