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
AERCAP HOLDINGS NV SHS N00985106 14,767 350,000 SH   DFND 1 350,000 0 0
AERCAP HOLDINGS NV SHS N00985106 5,696 135,000 SH   SOLE   135,000 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 10,842 504,500 SH   DFND 1 504,500 0 0
AMERIS BANCORP COM 03076K108 4,964 213,042 SH   DFND 1 213,042 0 0
AMERIS BANCORP COM 03076K108 4,488 192,639 SH   SOLE   192,639 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 17,895 691,478 SH   DFND 1 691,478 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 19,062 736,556 SH   SOLE   736,556 0 0
CENTER BANCORP INC COM 151408101 4,209 221,500 SH   DFND 1 221,500 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 7,216 211,543 SH   DFND 1 211,543 0 0
CHEMICAL FINL CORP COM 163731102 5,382 165,845 SH   DFND 1 165,845 0 0
CHEMICAL FINL CORP COM 163731102 3,578 110,255 SH   SOLE   110,255 0 0
CHERRY HILL MTG INVT CORP COM 164651101 4,233 225,784 SH   DFND 1 225,784 0 0
CHEVIOT FINL CORP NEW COM 16677X105 2,888 279,589 SH   SOLE   279,589 0 0
CONNECTONE BANCORP INC COM 20786U101 4,016 82,028 SH   DFND 1 82,028 0 0
CONNECTONE BANCORP INC COM 20786U101 4,295 87,719 SH   SOLE   87,719 0 0
FIRST FINL BANCORP OH COM 320209109 3,711 206,398 SH   DFND 1 206,398 0 0
FIRST FINL BANCORP OH COM 320209109 7,393 411,156 SH   SOLE   411,156 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 2,749 214,400 SH   SOLE   214,400 0 0
HERITAGE FINL GROUP INC COM 42726X102 4,325 220,099 SH   DFND 1 220,099 0 0
HERITAGE FINL GROUP INC COM 42726X102 10,176 517,858 SH   SOLE   517,858 0 0
HERITAGE OAKS BANCORP COM 42724R107 2,493 308,600 SH   SOLE   308,600 0 0
HF FINL CORP COM 404172108 6,673 499,492 SH   DFND 1 499,492 0 0
HF FINL CORP COM 404172108 2,575 192,768 SH   SOLE   192,768 0 0
HOME BANCORP INC COM 43689E107 6,696 319,000 SH   DFND 1 319,000 0 0
HOME BANCORP INC COM 43689E107 6,584 313,681 SH   SOLE   313,681 0 0
HOMESTREET INC COM 43785V102 7,576 387,497 SH   DFND 1 387,497 0 0
HOMESTREET INC COM 43785V102 5,710 292,077 SH   SOLE   292,077 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 4,154 320,000 SH   SOLE   320,000 0 0
LAKE SHORE BANCORP INC COM 510700107 2,648 213,694 SH   DFND 1 213,694 0 0
LCNB CORP COM 50181P100 2,455 141,920 SH   DFND 1 141,920 0 0
LCNB CORP COM 50181P100 6,113 353,380 SH   SOLE   353,380 0 0
LOEWS CORP COM 540424108 6,608 150,000 SH   DFND 1 150,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 3,131 183,085 SH   DFND 1 183,085 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 5,671 331,648 SH   SOLE   331,648 0 0
MIDSOUTH BANCORP INC COM 598039105 5,542 329,274 SH   DFND 1 329,274 0 0
MIDSOUTH BANCORP INC COM 598039105 3,986 236,849 SH   SOLE   236,849 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 4,433 274,667 SH   DFND 1 274,667 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 2,217 137,333 SH   SOLE   137,333 0 0
OFG BANCORP COM 67103X102 9,280 539,874 SH   DFND 1 539,874 0 0
OFG BANCORP COM 67103X102 7,910 460,126 SH   SOLE   460,126 0 0
OLD NATL BANCORP IND COM 680033107 5,632 377,742 SH   DFND 1 377,742 0 0
OLD NATL BANCORP IND COM 680033107 5,673 380,463 SH   SOLE   380,463 0 0
ONEIDA FINL CORP MD COM 682479100 2,538 207,000 SH   SOLE   207,000 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 4,540 206,377 SH   SOLE   206,377 0 0
PENNYMAC MTG INVT TR COM 70931T103 11,353 475,000 SH   DFND 1 475,000 0 0
PENNYMAC MTG INVT TR COM 70931T103 2,390 100,000 SH   SOLE   100,000 0 0
POPULAR INC COM NEW 733174700 6,198 200,000 SH   DFND 1 200,000 0 0
POPULAR INC COM NEW 733174700 5,346 172,509 SH   SOLE   172,509 0 0
RIVERVIEW BANCORP INC COM 769397100 4,921 1,436,625 SH   SOLE   1,436,625 0 0
S & T BANCORP INC COM 783859101 1,064 44,888 SH   DFND 1 44,888 0 0
S & T BANCORP INC COM 783859101 1,237 52,212 SH   SOLE   52,212 0 0
SIMPLICITY BANCORP COM 828867101 2,640 150,000 SH   DFND 1 150,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 2,540 73,500 SH   SOLE   73,500 0 0
STERLING BANCORP DEL COM 85917A100 6,359 502,273 SH   DFND 1 502,273 0 0
STERLING BANCORP DEL COM 85917A100 14,152 1,117,815 SH   SOLE   1,117,815 0 0
TALMER BANCORP INC COM 87482X101 4,961 338,865 SH   DFND 1 338,865 0 0
TALMER BANCORP INC COM 87482X101 10,768 735,535 SH   SOLE   735,535 0 0
TRADE STR RESIDENTIAL INC COM NEW 89255N203 8,899 1,174,000 SH   DFND 1 1,174,000 0 0
TRADE STR RESIDENTIAL INC COM NEW 89255N203 4,579 604,145 SH   SOLE   604,145 0 0
TRICO BANCSHARES COM 896095106 3,890 150,000 SH   DFND 1 150,000 0 0
TRICO BANCSHARES COM 896095106 2,593 100,000 SH   SOLE   100,000 0 0
UNITED FINANCIAL BANCORP INC COM 91030T109 3,240 176,182 SH   DFND 1 176,182 0 0
UNITED FINANCIAL BANCORP INC COM 91030T109 4,824 262,311 SH   SOLE   262,311 0 0
WASHINGTON BKG CO OAK HBR WA COM 937303105 4,566 256,801 SH   DFND 1 256,801 0 0
WASHINGTON BKG CO OAK HBR WA COM 937303105 2,603 146,399 SH   SOLE   146,399 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 3,599 6,000 SH   DFND 1 6,000 0 0
WILLIS LEASE FINANCE CORP COM 970646105 1,212 59,200 SH   DFND 1 59,200 0 0