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 16,255 355,000 SH   DFND 1 355,000 0 0
AERCAP HOLDINGS NV SHS N00985106 6,411 140,000 SH   SOLE   140,000 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 8,816 523,203 SH   DFND 1 523,203 0 0
AMERIS BANCORP COM 03076K108 12,040 476,067 SH   DFND 1 476,067 0 0
AMERIS BANCORP COM 03076K108 12,458 492,614 SH   SOLE   492,614 0 0
ANCHOR BANCORP WIS INC DEL COM 03283P106 3,369 88,696 SH   SOLE   88,696 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 14,649 514,344 SH   DFND 1 514,344 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 21,015 737,880 SH   SOLE   737,880 0 0
BOSTON PRIVATE FINL HLDGS IN COM 101119105 4,358 325,000 SH   DFND 1 325,000 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 7,699 189,342 SH   DFND 1 189,342 0 0
CHEMICAL FINL CORP COM 163731102 5,786 175,000 SH   DFND 1 175,000 0 0
CHEMICAL FINL CORP COM 163731102 7,176 217,062 SH   SOLE   217,062 0 0
CHERRY HILL MTG INVT CORP COM 164651101 4,403 271,478 SH   DFND 1 271,478 0 0
COMMUNITY BK SHS IND INC COM 203599105 1,968 73,861 SH   DFND 1 73,861 0 0
COMMUNITY BK SHS IND INC COM 203599105 8,137 305,343 SH   SOLE   305,343 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 3,684 171,124 SH   DFND 1 171,124 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 2,775 128,876 SH   SOLE   128,876 0 0
CONSUMER PORTFOLIO SVCS INC COM 210502100 1,192 190,762 SH   DFND 1 190,762 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 6,113 350,491 SH   DFND 1 350,491 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 5,627 322,653 SH   SOLE   322,653 0 0
FIRSTMERIT CORP COM 337915102 3,573 171,549 SH   DFND 1 171,549 0 0
FIRSTMERIT CORP COM 337915102 3,196 153,450 SH   SOLE   153,450 0 0
GREAT WESTN BANCORP INC COM 391416104 9,041 375,000 SH   DFND 1 375,000 0 0
GREAT WESTN BANCORP INC COM 391416104 5,274 218,750 SH   SOLE   218,750 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 3,156 214,400 SH   SOLE   214,400 0 0
HERITAGE FINL GROUP INC COM 42726X102 6,130 203,109 SH   DFND 1 203,109 0 0
HF FINL CORP COM 404172108 7,577 499,492 SH   DFND 1 499,492 0 0
HF FINL CORP COM 404172108 2,924 192,768 SH   SOLE   192,768 0 0
HOME BANCORP INC COM 43689E107 6,103 241,794 SH   DFND 1 241,794 0 0
HOME BANCORP INC COM 43689E107 6,543 259,251 SH   SOLE   259,251 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 4,339 320,000 SH   SOLE   320,000 0 0
INVESTAR HLDG CORP COM 46134L105 3,627 238,600 SH   SOLE   238,600 0 0
LCNB CORP COM 50181P100 3,308 204,116 SH   DFND 1 204,116 0 0
LCNB CORP COM 50181P100 7,551 465,976 SH   SOLE   465,976 0 0
LOEWS CORP COM 540424108 3,851 100,000 SH   DFND 1 100,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 4,445 202,504 SH   DFND 1 202,504 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 7,810 355,819 SH   SOLE   355,819 0 0
MIDSOUTH BANCORP INC COM 598039105 5,657 370,703 SH   DFND 1 370,703 0 0
MIDSOUTH BANCORP INC COM 598039105 3,037 199,021 SH   SOLE   199,021 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 8,947 483,900 SH   DFND 1 483,900 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 2,159 116,788 SH   SOLE   116,788 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 16,235 1,021,053 SH   DFND 1 1,021,053 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 5,330 335,250 SH   SOLE   335,250 0 0
OFG BANCORP COM 67103X102 3,525 330,330 SH   DFND 1 330,330 0 0
OFG BANCORP COM 67103X102 3,011 282,175 SH   SOLE   282,175 0 0
PEOPLES BANCORP INC COM 709789101 4,252 182,190 SH   DFND 1 182,190 0 0
PEOPLES BANCORP INC COM 709789101 4,839 207,340 SH   SOLE   207,340 0 0
PEOPLES UTAH BANCORP COM 712706209 1,698 100,000 SH   DFND 1 100,000 0 0
POPULAR INC COM NEW 733174700 9,812 340,000 SH   DFND 1 340,000 0 0
POPULAR INC COM NEW 733174700 6,225 215,700 SH   SOLE   215,700 0 0
QCR HOLDINGS INC COM 74727A104 1,395 64,105 SH   DFND 1 64,105 0 0
QCR HOLDINGS INC COM 74727A104 970 44,581 SH   SOLE   44,581 0 0
RIVERVIEW BANCORP INC COM 769397100 3,282 766,847 SH   SOLE   766,847 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 4,216 266,807 SH   DFND 1 266,807 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 599 37,893 SH   SOLE   37,893 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 5,348 142,357 SH   DFND 1 142,357 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 5,923 157,643 SH   SOLE   157,643 0 0
SOUTHERN MO BANCORP INC COM 843380106 3,208 170,164 SH   DFND 1 170,164 0 0
SOUTHERN MO BANCORP INC COM 843380106 9,658 512,336 SH   SOLE   512,336 0 0
STERLING BANCORP DEL COM 85917A100 5,261 357,907 SH   DFND 1 357,907 0 0
STERLING BANCORP DEL COM 85917A100 14,627 995,037 SH   SOLE   995,037 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 5,103 172,000 SH   SOLE   172,000 0 0
TALMER BANCORP INC COM 87482X101 5,651 337,377 SH   DFND 1 337,377 0 0
TALMER BANCORP INC COM 87482X101 15,286 912,623 SH   SOLE   912,623 0 0
TRICO BANCSHARES COM 896095106 6,193 257,521 SH   DFND 1 257,521 0 0
TRICO BANCSHARES COM 896095106 5,786 240,569 SH   SOLE   240,569 0 0
UNITED FINL BANCORP INC NEW COM 910304104 5,229 388,752 SH   DFND 1 388,752 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,919 142,858 SH   SOLE   142,858 0 0