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
1ST CENTURY BANCSHARES INC COM 31943X102 1,891 276,372 SH   SOLE 0 276,372 0 0
ACCESS NATL CORP COM 004337101 2,833 151,166 SH   SOLE 0 151,166 0 0
AMERIS BANCORP COM 03076K108 132 5,000 SH   SOLE 0 5,000 0 0
ANCHOR BANCORP WISCONSIN COM 03283P106 15,694 451,896 SH   SOLE 0 451,896 0 0
ANIXTER INTERNATIONAL INC COM 035290105 23,630 310,384 SH   SOLE 0 310,384 0 0
ASTORIA FINL CORP COM 046265104 15,206 1,174,223 SH   SOLE 0 1,174,223 0 0
ATLANTIC COAST FINL CORP COM 048426100 6,377 1,536,625 SH   SOLE 0 1,536,625 0 0
BANK OF AMERICA CORP COM 060505104 39,193 2,546,630 SH   SOLE 0 2,546,630 0 0
BANK OF MARIN BANCORP COM 063425102 8,790 172,693 SH   SOLE 0 172,693 0 0
BANKK OF NEW YORK MELLON CORP COM 064058100 6,435 159,912 SH   SOLE 0 159,912 0 0
BANKFINANCIAL CORP COM 06643P104 26,317 2,002,829 SH   SOLE 0 2,002,829 0 0
BEACON ROOFING SUPPLY INC COM 073685109 11,080 354,004 SH   SOLE 0 354,004 0 0
BELDEN INC COM 077454106 57,357 613,054 SH   SOLE 0 613,054 0 0
BLACKROCK INC COM 09247X101 1,046 2,860 SH   SOLE 0 2,860 0 0
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 328 59,865 SH   SOLE 0 59,865 0 0
BRIDGE BANCORP INC COM 108035106 24,963 966,443 SH   SOLE 0 966,443 0 0
BRIDGE CAPITAL HLDGS COM 108030107 3,304 126,558 SH   SOLE 0 126,558 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 3,293 493,718 SH   SOLE 0 493,718 0 0
CAPITAL CITY BANK GROUP INC COM 139674105 12,043 741,136 SH   SOLE 0 741,136 0 0
CARDINAL FINL CORP COM 14149F109 46,963 2,350,524 SH   SOLE 0 2,350,524 0 0
CARLISLE COS INC COM 142339100 31,297 337,866 SH   SOLE 0 337,866 0 0
CAROLINA BANK HLDGS INC GREEN COM 143785103 2,590 268,422 SH   SOLE 0 268,422 0 0
CASCADE BANCORP COM NEW 147154207 13,405 2,792,625 SH   SOLE 0 2,792,625 0 0
CENTERSTATE BANKS INC COM 15201P109 52,991 4,449,298 SH   SOLE 0 4,449,298 0 0
CENTRAL VALLEY COMMUNITY BANCORP COM 155685100 8,165 743,711 SH   SOLE 0 743,711 0 0
CENTURY CMNTYS INC COM 156504300 4,540 234,868 SH   SOLE 0 234,868 0 0
CIT GROUP INC COM NEW 125581801 4,890 108,375 SH   SOLE 0 108,375 0 0
CITIGROUP INC COM NEW 172967424 9,946 193,061 SH   SOLE 0 193,061 0 0
CITIZENS FINL GROUP INC COM 174610105 24,875 1,030,863 SH   SOLE 0 1,030,863 0 0
CITY NATL CORP COM 178566105 8,585 96,372 SH   SOLE 0 96,372 0 0
COMERICA INC COM 200340107 4,060 89,972 SH   SOLE 0 89,972 0 0
COUSINS PROPERTIES INC COM 222795106 155 14,659 SH   SOLE 0 14,659 0 0
CU BANCORP CALIF COM 126534106 26,292 1,155,699 SH   SOLE 0 1,155,699 0 0
DANA HOLDING CORP COM 235825205 5,603 264,804 SH   SOLE 0 264,804 0 0
DIAMOND OFFSHORE DRILLING INC COM 25271C102 417 15,580 SH   SOLE 0 15,580 0 0
DUKE REALTY CORP COM NEW 264411505 699 32,095 SH   SOLE 0 32,095 0 0
EAGLE BANCORP INC MD COM 268948106 1,921 50,027 SH   SOLE 0 50,027 0 0
EASTERN VA BANKSHARES INC COM 277196101 3,071 490,524 SH   SOLE 0 490,524 0 0
EMCOR GROUP INC COM 29084Q100 8,919 191,930 SH   SOLE 0 191,930 0 0
ENERSYS COM 29275Y102 4,382 68,210 SH   SOLE 0 68,210 0 0
ENSCO PLC SH CL A G3157S106 168 7,986 SH   SOLE 0 7,986 0 0
ENTERPRISE FINL SERVICES CORP COM 293712105 5,672 274,561 SH   SOLE 0 274,561 0 0
FARMERS CAP BANK CORP COM 309562106 17,011 731,648 SH   SOLE 0 731,648 0 0
FCB FINL HLDGS INC COM 30255G103 8,171 298,540 SH   SOLE 0 298,540 0 0
FELCOR LODGING TR INC COM 31430F101 794 69,095 SH   SOLE 0 69,095 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 12,285 334,183 SH   SOLE 0 334,183 0 0
FIDELITY NATL INFORMATION SVCS COM 31620M106 9,997 146,883 SH   SOLE 0 146,883 0 0
FIFTH THIRD BANCORP COM 316773100 14,465 767,366 SH   SOLE 0 767,366 0 0
FIRST AMERN FINL CORP COM 31847R102 25,606 717,645 SH   SOLE 0 717,645 0 0
FIRST BANCORP COM 318910106 18,206 1,036,770 SH   SOLE 0 1,036,770 0 0
FIRST CITIZENS BANCSHARES INC CL A 31946M103 3,903 15,028 SH   SOLE 0 15,028 0 0
FIRST CONN BANCORP INC COM 319850103 16,721 1,087,897 SH   SOLE 0 1,087,897 0 0
FIRST INDUSTRIAL REALTY TRUST COM 32054K103 450 21,003 SH   SOLE 0 21,003 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 13,321 1,506,900 SH   SOLE 0 1,506,900 0 0
FIRST SEC GROUP INC COM NEW 336312202 7,645 3,185,398 SH   SOLE 0 3,185,398 0 0
FIRST SOUTH BANCORP INC COM 33646W100 3,334 416,734 SH   SOLE 0 416,734 0 0
FIDELITY NATIONAL FINANCIAL FNFV GROUP COM 31620R402 1,571 111,383 SH   SOLE 0 111,383 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 4,200 200,000 SH   SOLE 0 200,000 0 0
FULTON FINL CORP COM 360271100 11,961 969,277 SH   SOLE 0 969,277 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 2,114 122,702 SH   SOLE 0 122,702 0 0
GREENHILL & CO INC COM 395259104 17,646 445,054 SH   SOLE 0 445,054 0 0
GUARANTY BANCORP COM 40075T607 16,729 986,400 SH   SOLE 0 986,400 0 0
HALLIBURTON COMPANY COM 406216101 4,925 112,234 SH   SOLE 0 112,234 0 0
HAMPTON ROADS BANKSHARES INC COM NEW 409321502 15,753 8,334,761 SH   SOLE 0 8,334,761 0 0
HANCOCK HOLDING CO COM 410120109 3,476 116,400 SH   SOLE 0 116,400 0 0
HARLEY-DAVIDSON INC COM 412822108 27,589 454,214 SH   SOLE 0 454,214 0 0
HEIDRICK & STRUGGLES INTL INC COM 422819102 3,265 132,820 SH   SOLE 0 132,820 0 0
HERITAGE OAKS BANCORP COM 42724R107 19,634 2,362,742 SH   SOLE 0 2,362,742 0 0
HONEYWELL INTERNATIONAL INC COM 438516106 17,018 163,150 SH   SOLE 0 163,150 0 0
HUDSON VALLEY HOLDING CORP COM 444172100 50,355 1,970,074 SH   SOLE 0 1,970,074 0 0
HUNTINGTON BANCSHARES COM 446150104 2,578 233,302 SH   SOLE 0 233,302 0 0
INDEPENDENT BANK CORP COM NEW 453838609 14,311 1,115,408 SH   SOLE 0 1,115,408 0 0
INSTALLED BLDG PRODS INC COM 45780R101 5,494 252,470 SH   SOLE 0 252,470 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 622 13,780 SH   SOLE 0 13,780 0 0
JP MORGAN CHASE & CO COM 46625H100 44,406 733,012 SH   SOLE 0 733,012 0 0
KORNFERRY INTL COM new 500643200 2,603 79,201 SH   SOLE 0 79,201 0 0
LAKELAND BANCORP INC COM 511637100 2,136 185,729 SH   SOLE 0 185,729 0 0
LEAR CORP COM NEW 521865204 9,326 84,155 SH   SOLE 0 84,155 0 0
LINN ENERGY LLC COM UNIT LTD LIAB 536020100 735 66,496 SH   SOLE 0 66,496 0 0
LINNCO LLC COM SHS LTD INT 535782106 529 55,291 SH   SOLE 0 55,291 0 0
LNB BANCORP INC COM 502100100 507 28,436 SH   SOLE 0 28,436 0 0
MACATAWA BANK CORP COM 554225102 2,515 470,121 SH   SOLE 0 470,121 0 0
MASCO CORP COM 574599106 4,661 174,565 SH   SOLE 0 174,565 0 0
MB FINL INC NEW COM 55264U108 4,760 152,017 SH   SOLE 0 152,017 0 0
MBT FINL CORP COM 578877102 6,917 1,232,921 SH   SOLE 0 1,232,921 0 0
METLIFE INC COM 59156R108 16,592 328,224 SH   SOLE 0 328,224 0 0
METRO BANCORP INC PA COM 59161R101 38,742 1,405,223 SH   SOLE 0 1,405,223 0 0
NATL COMMERCE CORP COM 63546L102 1,274 58,053 SH   SOLE 0 58,053 0 0
NEW YORK CMNTY BANCORP INC. COM 649445103 1,226 73,265 SH   SOLE 0 73,265 0 0
NEWBRIDGE BANCORP CL A NO PAR 65080T102 30,668 3,438,139 SH   SOLE 0 3,438,139 0 0
NORCRAFT COS INC COM 65557Y105 2,001 78,255 SH   SOLE 0 78,255 0 0
NORWEGIAN CRUISE LINE HLDGS LTD SHS G66721104 5,755 106,553 SH   SOLE 0 106,553 0 0
OCEANFIRST FINL CORP COM 675234108 5,663 327,922 SH   SOLE 0 327,922 0 0
OLD LINE BANCSHARES INC COM 67984M100 4,996 316,232 SH   SOLE 0 316,232 0 0
OLD NATL BANCORP IND COM 680033107 4,369 307,895 SH   SOLE 0 307,895 0 0
OLD SECOND BANCORP INC ILL COM 680277100 8,003 1,399,072 SH   SOLE 0 1,399,072 0 0
OPUS BANK IRVINE CALIF COM 684000102 17,436 564,622 SH   SOLE 0 564,622 0 0
ORRSTOWN FINL SVCS INC COM 687380105 8,429 492,937 SH   SOLE 0 492,937 0 0
OSHKOSH CORP COM 688239201 9,830 201,470 SH   SOLE 0 201,470 0 0
OWENS CORNING NEW COM 690742101 17,284 398,241 SH   SOLE 0 398,241 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 18,533 1,401,914 SH   SOLE 0 1,401,914 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 8,230 1,143,050 SH   SOLE 0 1,143,050 0 0
PACIFIC PREMIER BANCORP INC COM 69478X105 21,465 1,325,809 SH   SOLE 0 1,325,809 0 0
PACWEST BANCORP DEL COM 695263103 10,152 216,514 SH   SOLE 0 216,514 0 0
PEAPACK GLADSTONE FINL CORP COM 704699107 10,972 507,977 SH   SOLE 0 507,977 0 0
PENNYMAC FINL SVCS INC CL A 70932B101 15,246 898,436 SH   SOLE 0 898,436 0 0
PNC FINL SERVICES GROUP INC COM 693475105 15,685 168,218 SH   SOLE 0 168,218 0 0
POPULAR INC COM NEW 733174700 1,834 53,325 SH   SOLE 0 53,325 0 0
PREFERRED BK LOS ANGELES CA COM NEW 740367404 27,688 1,007,936 SH   SOLE 0 1,007,936 0 0
PREMIER FINL BANCORP INC COM 74050M105 1,736 113,995 SH   SOLE 0 113,995 0 0
PRIVATEBANCORP INC COM 742962103 3,848 109,421 SH   SOLE 0 109,421 0 0
PULASKI FINL CORP COM 745548107 7,897 638,396 SH   SOLE 0 638,396 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,768 73,350 SH Put SOLE 0 73,350 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 541 2,621 SH Put SOLE 0 2,621 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 68 329 SH Put SOLE 0 329 0 0
REGIONAL MGMT CORP NEW COM 75902K106 16,548 1,121,152 SH   SOLE 0 1,121,152 0 0
REGIONS FINL CORP NEW COM 7591EP100 40,992 4,337,748 SH   SOLE 0 4,337,748 0 0
REMY INTL INC NEW COM 75971M108 442 19,914 SH   SOLE 0 19,914 0 0
REPUBLIC BANCORP KY CL A 760281204 4,255 172,052 SH   SOLE 0 172,052 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 6,127 1,687,789 SH   SOLE 0 1,687,789 0 0
RIVERVIEW BANCORP INC COM 769397100 5,263 1,169,551 SH   SOLE 0 1,169,551 0 0
RYDER SYSTEM INC COM 783549108 7,027 74,051 SH   SOLE 0 74,051 0 0
SEACOAST BKG CORP COM NEW 811707801 22,123 1,550,330 SH   SOLE 0 1,550,330 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 21,264 644,553 SH   SOLE 0 644,553 0 0
SHORE BANCSHARES INC COM 825107105 1,813 197,477 SH   SOLE 0 197,477 0 0
SI FINL GROUP INC MD COM 78425V104 824 67,818 SH   SOLE 0 67,818 0 0
SIERRA BANCORP COM 82620P102 20,573 1,231,896 SH   SOLE 0 1,231,896 0 0
SVB FINL GROUP COM 78486Q101 7,490 58,961 SH   SOLE 0 58,961 0 0
SOUTH ST CORP COM 840441109 2,896 42,350 SH   SOLE 0 42,350 0 0
SOUTHERN FIRST BANCSHARES INC COM 842873101 3,356 197,417 SH   SOLE 0 197,417 0 0
SPRINGLEAF HLDGS INC COM 85172J101 3,495 67,518 SH   SOLE 0 67,518 0 0
SPX CORP COM 784635104 2,723 32,072 SH   SOLE 0 32,072 0 0
SQUARE 1 FINL INC CL A 85223W101 11,514 430,124 SH   SOLE 0 430,124 0 0
STATE STREET CORP COM 857477103 20,315 276,283 SH   SOLE 0 276,283 0 0
STEINER LEISURE LTD ORD P8744Y102 3,572 75,361 SH   SOLE 0 75,361 0 0
STERLING BANCORP DEL COM 85917A100 14,693 1,095,701 SH   SOLE 0 1,095,701 0 0
STEWART INFORMATION SVCS COR COM 860372101 12,850 316,181 SH   SOLE 0 316,181 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 2,004 110,954 SH   SOLE 0 110,954 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 8,218 272,210 SH   SOLE 0 272,210 0 0
STRATEGIC HOTELS & RESORTS COM 86272T106 926 74,501 SH   SOLE 0 74,501 0 0
SUFFOLK BANCORP COM 864739107 27,434 1,154,649 SH   SOLE 0 1,154,649 0 0
SUNTRUST BANKS COM 867914103 1,631 39,695 SH   SOLE 0 39,695 0 0
SWIFT TRANSN CO CL A 87074U101 1,283 49,321 SH   SOLE 0 49,321 0 0
SYNOVUS FINL CORP COM NEW 87161C501 153,431 5,477,708 SH   SOLE 0 5,477,708 0 0
TALMER BANCORP INC COM 87482X101 3,750 244,868 SH   SOLE 0 244,868 0 0
TCF FINL CORP COM 872275102 25,271 1,607,598 SH   SOLE 0 1,607,598 0 0
TENNECO INC COM 880349105 3,201 55,748 SH   SOLE 0 55,748 0 0
TEREX CORP NEW COM 880779103 4,133 155,437 SH   SOLE 0 155,437 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 39,327 808,359 SH   SOLE 0 808,359 0 0
COMMUNITY FINL CORP MD COM 20368X101 8,457 422,862 SH   SOLE 0 422,862 0 0
FIRST BANCSHARES INC COM 318916103 6,033 371,040 SH   SOLE 0 371,040 0 0
FIRST LONG ISLAND CORP COM 320734106 23,074 904,872 SH   SOLE 0 904,872 0 0
TIMBERLAND BANCORP INC COM 887098101 3,138 291,189 SH   SOLE 0 291,189 0 0
TRANSOCEAN LTD RES SHS H8817H100 148 10,114 SH   SOLE 0 10,114 0 0
TRICO BANCSHARES COM 896095106 18,679 774,110 SH   SOLE 0 774,110 0 0
TRIUMPH BANCORP INC COM 89679E300 14,895 1,090,377 SH   SOLE 0 1,090,377 0 0
TUTOR PERINI CORP COM 901109108 6,211 266,017 SH   SOLE 0 266,017 0 0
UNION BANKSHARES CORP NEW COM 90539J109 8,783 395,465 SH   SOLE 0 395,465 0 0
UNITED BANKSHARES INC WEST V COM 909907107 6,771 180,165 SH   SOLE 0 180,165 0 0
UNITED RENTALS INC COM 911363109 4,090 44,867 SH   SOLE 0 44,867 0 0
US BANCORP COM NEW 902973304 50,311 1,152,064 SH   SOLE 0 1,152,064 0 0
VALLEY NATL BANCORP COM 919794107 3,080 326,307 SH   SOLE 0 326,307 0 0
VERITEX HLDGS INC COM 923451108 11,839 847,457 SH   SOLE 0 847,457 0 0
WASHINGTONFIRST BANKSHARES INC COM 940730104 7,914 465,833 SH   SOLE 0 465,833 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 3,641 152,034 SH   SOLE 0 152,034 0 0
WEINGARTEN RLTY INVS SH BEN INT 948741103 785 21,830 SH   SOLE 0 21,830 0 0
WELLS FARGO & CO NEW COM 949746101 66,148 1,215,959 SH   SOLE 0 1,215,959 0 0
WESCO INTERNATIONAL INC COM 95082P105 25,148 359,818 SH   SOLE 0 359,818 0 0
WILLIAM LYON HOMES CL A NEW 552074700 4,131 160,011 SH   SOLE 0 160,011 0 0
WILLIS GROUP HLDGS PUBLIC COM G96666105 4,177 86,692 SH   SOLE 0 86,692 0 0
WINTRUST FINL CORP COM 97650W108 15,613 327,452 SH   SOLE 0 327,452 0 0
XENITH BANKSHARES INC COM 98410X105 2,250 369,984 SH   SOLE 0 369,984 0 0
YADKIN FINL CORP COM 984305102 9,987 491,961 SH   SOLE 0 491,961 0 0