The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN FINL GROUP INC OHIO COM 025932104 2,389 27,113 SH   SOLE   27,113 0 0
AMERIPRISE FINL INC COM 03076C106 1,276 11,500 SH   SOLE   11,500 0 0
ASHFORD INC COM 044104107 949 22,000 SH   SOLE   22,000 0 0
ASTORIA FINL CORP COM 046265104 5,129 275,000 SH   SOLE   275,000 0 0
ATHENE HLDG LTD CL A G0684D107 3,743 78,000 SH   SOLE   78,000 0 0
BANK AMER CORP COM 060505104 5,225 236,435 SH   SOLE   236,435 0 0
BANK OF NT BUTTERFIELD&SON L SHS NEW G0772R208 4,716 150,000 SH   SOLE   150,000 0 0
BLUE HILLS BANCORP INC COM 095573101 656 35,000 SH   SOLE   35,000 0 0
CAPITAL BK FINL CORP CL A COM 139794101 25,871 659,134 SH   DFND 1 659,134 0 0
CHUBB LIMITED COM H1467J104 2,312 17,500 SH   SOLE   17,500 0 0
CIT GROUP INC COM NEW 125581801 4,479 104,954 SH   SOLE   104,954 0 0
CITIZENS FINL GROUP INC COM 174610105 2,423 68,000 SH   SOLE   68,000 0 0
DISCOVER FINL SVCS COM 254709108 2,307 32,000 SH   SOLE   32,000 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 4,747 137,000 SH   SOLE   137,000 0 0
EASTERN VA BANKSHARES INC COM 277196101 1,814 173,569 SH   SOLE   173,569 0 0
ENTEGRA FINL CORP COM 29363J108 556 27,000 SH   SOLE   27,000 0 0
FB FINL CORP COM 30257X104 2,595 100,000 SH   SOLE   100,000 0 0
FCB FINL HLDGS INC CL A 30255G103 42,930 900,000 SH   DFND 1 900,000 0 0
FIRST INTERNET BANCORP COM 320557101 1,120 35,000 SH   SOLE   35,000 0 0
HEARTLAND FINL USA INC COM 42234Q102 4,176 87,000 SH   SOLE   87,000 0 0
HERITAGE FINL CORP WASH COM 42722X106 554 21,519 SH   SOLE   21,519 0 0
HERITAGE OAKS BANCORP COM 42724R107 2,028 164,500 SH   SOLE   164,500 0 0
HOMETRUST BANCSHARES INC COM 437872104 1,865 72,000 SH   SOLE   72,000 0 0
HOPE BANCORP INC COM 43940T109 3,284 150,000 SH   SOLE   150,000 0 0
HOWARD HUGHES CORP COM 44267D107 2,581 22,620 SH   SOLE   22,620 0 0
HUNTINGTON BANCSHARES INC COM 446150104 4,958 375,000 SH   SOLE   375,000 0 0
KEYCORP NEW COM 493267108 4,243 232,225 SH   SOLE   232,225 0 0
LINCOLN NATL CORP IND COM 534187109 2,827 42,655 SH   SOLE   42,655 0 0
METLIFE INC COM 59156R108 1,186 22,010 SH   SOLE   22,010 0 0
OLD SECOND BANCORP INC ILL COM 680277100 938 84,918 SH   SOLE   84,918 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 590 26,999 SH   SOLE   26,999 0 0
PRIVATEBANCORP INC COM 742962103 2,168 40,000 SH   SOLE   40,000 0 0
QCR HOLDINGS INC COM 74727A104 2,338 54,000 SH   SOLE   54,000 0 0
REGIONS FINL CORP NEW COM 7591EP100 4,070 283,420 SH   SOLE   283,420 0 0
RENASANT CORP COM 75970E107 3,167 75,000 SH   SOLE   75,000 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 3,340 400,000 SH   SOLE   400,000 0 0
SCHWAB CHARLES CORP NEW COM 808513105 2,589 65,596 SH   SOLE   65,596 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 1,368 62,000 SH   SOLE   62,000 0 0
SLM CORP COM 78442P106 2,204 200,000 SH   SOLE   200,000 0 0
STATE STR CORP COM 857477103 2,934 37,745 SH   SOLE   37,745 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 8,221 197,000 SH   DFND 1 197,000 0 0
SYNCHRONY FINL COM 87165B103 3,845 106,000 SH   SOLE   106,000 0 0
TCF FINL CORP COM 872275102 4,173 213,000 SH   SOLE   213,000 0 0
UNUM GROUP COM 91529Y106 1,230 28,000 SH   SOLE   28,000 0 0
XENITH BANKSHARES INC NEW COM NEW 984102202 1,468 52,074 SH   SOLE   52,074 0 0