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 18,725 450,000 SH   DFND 1 450,000 0 0
AERCAP HOLDINGS NV SHS N00985106 9,375 225,300 SH   SOLE   225,300 0 0
AIR LEASE CORP CL A 00912X302 3,433 100,000 SH   DFND 1 100,000 0 0
AMERIS BANCORP COM 03076K108 10,268 235,505 SH   DFND 1 235,505 0 0
AMERIS BANCORP COM 03076K108 8,092 185,595 SH   SOLE   185,595 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 4,066 210,000 SH   DFND 1 210,000 0 0
ARES CAP CORP COM 04010L103 825 50,000 SH   DFND 1 50,000 0 0
ASTORIA FINL CORP COM 046265104 11,296 605,670 SH   DFND 1 605,670 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 17,834 483,956 SH   DFND 1 483,956 0 0
BERKSHIRE HILLS BANCORP INC COM 084680107 12,527 339,934 SH   SOLE   339,934 0 0
CAROLINA FINL CORP NEW COM 143873107 1,693 55,000 SH   DFND 1 55,000 0 0
CENTRUE FINL CORP NEW COM NEW 15643B205 4,080 192,265 SH   SOLE   192,265 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 8,700 145,000 SH   DFND 1 145,000 0 0
CHARTER FINL CORP MD COM 16122W108 2,110 126,567 SH   DFND 1 126,567 0 0
CHEMICAL FINL CORP COM 163731102 3,848 71,037 SH   DFND 1 71,037 0 0
CHEMICAL FINL CORP COM 163731102 461 8,516 SH   SOLE   8,516 0 0
CHERRY HILL MTG INVT CORP COM 164651101 5,818 319,867 SH   DFND 1 319,867 0 0
CHERRY HILL MTG INVT CORP COM 164651101 2,766 152,089 SH   SOLE   152,089 0 0
CIT GROUP INC COM NEW 125581801 13,871 325,000 SH   DFND 1 325,000 0 0
CITIZENS FINL GROUP INC COM 174610105 12,471 350,000 SH   DFND 1 350,000 0 0
COMERICA INC COM 200340107 10,217 150,000 SH   DFND 1 150,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,298 50,000 SH   DFND 1 50,000 0 0
ENOVA INTL INC COM 29357K103 2,039 162,500 SH   DFND 1 162,500 0 0
FB FINL CORP COM 30257X104 2,984 115,000 SH   DFND 1 115,000 0 0
FIRST BANCSHARES INC MS COM 318916103 5,887 225,352 SH   SOLE   225,352 0 0
FIRST INTERNET BANCORP COM 320557101 1,920 60,000 SH   DFND 1 60,000 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,875 84,549 SH   SOLE   84,549 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 145 10,905 SH   DFND 1 10,905 0 0
GREAT WESTN BANCORP INC COM 391416104 10,956 251,345 SH   DFND 1 251,345 0 0
GREAT WESTN BANCORP INC COM 391416104 7,507 172,223 SH   SOLE   172,223 0 0
HANCOCK HLDG CO COM 410120109 9,698 225,000 SH   DFND 1 225,000 0 0
HANCOCK HLDG CO COM 410120109 9,871 229,025 SH   SOLE   229,025 0 0
HERITAGE FINL CORP WASH COM 42722X106 9,946 386,268 SH   DFND 1 386,268 0 0
HOME BANCORP INC COM 43689E107 8,962 232,109 SH   DFND 1 232,109 0 0
HOME BANCORP INC COM 43689E107 2,753 71,298 SH   SOLE   71,298 0 0
HOME BANCSHARES INC COM 436893200 3,610 129,986 SH   DFND 1 129,986 0 0
HOMETOWN BANKSHARES CORP COM 43787N108 1,574 170,132 SH   SOLE   170,132 0 0
HORIZON BANCORP IND COM 440407104 4,036 144,154 SH   DFND 1 144,154 0 0
HORIZON BANCORP IND COM 440407104 3,591 128,263 SH   SOLE   128,263 0 0
IBERIABANK CORP COM 450828108 9,003 107,500 SH   DFND 1 107,500 0 0
KEYCORP NEW COM 493267108 10,962 600,000 SH   DFND 1 600,000 0 0
LOEWS CORP COM 540424108 5,854 125,000 SH   DFND 1 125,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 10,314 299,828 SH   DFND 1 299,828 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 8,360 243,024 SH   SOLE   243,024 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 11,457 316,662 SH   DFND 1 316,662 0 0
MIDLAND STS BANCORP INC ILL COM 597742105 2,292 63,338 SH   SOLE   63,338 0 0
MIDSOUTH BANCORP INC COM 598039105 6,806 500,407 SH   DFND 1 500,407 0 0
MIDSOUTH BANCORP INC COM 598039105 4,165 306,224 SH   SOLE   306,224 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 15,954 1,014,875 SH   DFND 1 1,014,875 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 8,964 570,225 SH   SOLE   570,225 0 0
NEWSTAR FINANCIAL INC COM 65251F105 5,481 592,558 SH   DFND 1 592,558 0 0
NEWSTAR FINANCIAL INC COM 65251F105 2,132 230,493 SH   SOLE   230,493 0 0
OPUS BK IRVINE CALIF COM 684000102 5,259 175,000 SH   DFND 1 175,000 0 0
POPULAR INC COM NEW 733174700 17,230 393,200 SH   DFND 1 393,200 0 0
POPULAR INC COM NEW 733174700 3,002 68,513 SH   SOLE   68,513 0 0
QCR HOLDINGS INC COM 74727A104 9,689 223,773 SH   DFND 1 223,773 0 0
QCR HOLDINGS INC COM 74727A104 5,332 123,140 SH   SOLE   123,140 0 0
RIVERVIEW BANCORP INC COM 769397100 1,958 279,717 SH   SOLE   279,717 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 5,152 233,566 SH   DFND 1 233,566 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 478 21,665 SH   SOLE   21,665 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 7,817 208,794 SH   DFND 1 208,794 0 0
SERVISFIRST BANCSHARES INC COM 81768T108 1,712 45,716 SH   SOLE   45,716 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 5,633 37,500 SH   DFND 1 37,500 0 0
SOUTHERN MO BANCORP INC COM 843380106 4,269 120,657 SH   DFND 1 120,657 0 0
SOUTHERN MO BANCORP INC COM 843380106 9,952 281,280 SH   SOLE   281,280 0 0
SQUARE INC CL A 852234103 1,704 125,000 SH   DFND 1 125,000 0 0
STONEGATE MTG CORP COM 86181Q300 2,257 378,057 SH   DFND 1 378,057 0 0
STONEGATE MTG CORP COM 86181Q300 864 144,793 SH   SOLE   144,793 0 0
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 7,840 100,000 SH   DFND 1 100,000 0 0
TRICO BANCSHARES COM 896095106 10,384 303,789 SH   DFND 1 303,789 0 0
TRICO BANCSHARES COM 896095106 405 11,859 SH   SOLE   11,859 0 0
UNITED FINL BANCORP INC NEW COM 910304104 817 45,000 SH   DFND 1 45,000 0 0
VERITEX HLDGS INC COM 923451108 6,010 225,000 SH   DFND 1 225,000 0 0
WINTRUST FINL CORP COM 97650W108 10,886 150,000 SH   DFND 1 150,000 0 0