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
Alliance Bancorp Inc of Pennsylvania COM 01890A108 7,779 324,546 SH   SOLE   324,546 0 0
Ameriana Bancorp COM 023613102 6,816 296,336 SH   SOLE   296,336 0 0
Atlantic Coast Financial Corp COM 048426100 5,535 1,000,951 SH   SOLE   1,000,951 0 0
Banc of California Inc COM 05990K106 27,202 2,216,919 SH   SOLE   2,216,919 0 0
Bank of America Corp COM 060505104 2,205 141,500 SH   SOLE   141,500 0 0
BankFinancial Corp COM 06643P104 20,263 1,630,170 SH   SOLE   1,630,170 0 0
BCB Bancorp Inc COM 055298103 1,936 193,616 SH   SOLE   193,616 0 0
Capital One Financial Corp *W EXP 11/14/201 14040H139 3,132 98,800 SH   SOLE   98,800 0 0
Cheviot Financial Corp COM 16677X105 4,625 334,900 SH   SOLE   334,900 0 0
Citigroup Inc COM 172967424 4,716 95,068 SH   SOLE   95,068 0 0
Citizens Financial Group Inc COM 174610105 4,378 183,500 SH   SOLE   183,500 0 0
Coastway Bancorp Inc COM 190632109 819 74,200 SH   SOLE   74,200 0 0
Codorus Valley Bancorp Inc COM 192025104 1,680 82,694 SH   SOLE   82,694 0 0
Enterprise Financial Services Corp COM 293712105 25,135 998,618 SH   SOLE   998,618 0 0
1st Century Bancshares Inc COM 31943X102 118 15,000 SH   SOLE   15,000 0 0
First Merchants Corp COM 320817109 14,252 543,540 SH   SOLE   543,540 0 0
HF Financial Corp COM 404172108 9,574 589,975 SH   SOLE   589,975 0 0
Horizon Bancorp/IN COM 440407104 13,599 572,592 SH   SOLE   572,592 0 0
Independent Bank Corp/MI COM 453838609 15,955 1,080,985 SH   SOLE   1,080,985 0 0
Investors Bancorp Inc COM 46146L101 5,950 482,197 SH   SOLE   482,197 0 0
JPMorgan Chase & Co COM 46625H100 3,384 55,510 SH   SOLE   55,510 0 0
JPMorgan Chase & Co *W EXP 10/28/201 46634E114 2,200 110,500 SH   SOLE   110,500 0 0
Magyar Bancorp Inc COM 55977T109 5,172 539,833 SH   SOLE   539,833 0 0
Malvern Bancorp Inc COM 561409103 9,661 617,310 SH   SOLE   617,310 0 0
Metro Bancorp Inc COM 59161R101 36,530 1,242,929 SH   SOLE   1,242,929 0 0
Mid Penn Bancorp Inc COM 59540G107 916 56,373 SH   SOLE   56,373 0 0
Monarch Financial Holdings Inc COM 60907Q100 1,600 129,105 SH   SOLE   129,105 0 0
MSB Financial Corp COM 55352L101 5,639 486,102 SH   SOLE   486,102 0 0
MutualFirst Financial Inc COM 62845B104 16,034 685,223 SH   SOLE   685,223 0 0
Naugatuck Valley Financial Corp COM 63906P107 1,346 124,183 SH   SOLE   124,183 0 0
Northwest Bancshares Inc COM 667340103 4,216 324,327 SH   SOLE   324,327 0 0
Old Point Financial Corp COM 680194107 4,392 279,578 SH   SOLE   279,578 0 0
PNC Financial Services Group Inc/The *W EXP 12/31/201 693475121 1,549 63,545 SH   SOLE   63,545 0 0
Polonia Bancorp Inc COM 73158Q109 2,854 219,575 SH   SOLE   219,575 0 0
Prudential Bancorp Inc COM 74431A101 1,682 116,742 SH   SOLE   116,742 0 0
SB Financial Group Inc COM 78408D105 499 48,634 SH   SOLE   48,634 0 0
Sussex Bancorp COM 869245100 1,285 102,882 SH   SOLE   102,882 0 0