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
Atlantic Coast Financial Corp COM 048426100 5,866 1,000,951 SH   SOLE   1,000,951 0 0
Banc of California Inc COM 05990K106 32,411 2,216,919 SH   SOLE   2,216,919 0 0
Bank of America Corp COM 060505104 2,381 141,500 SH   SOLE   141,500 0 0
BankFinancial Corp COM 06643P104 20,589 1,630,170 SH   SOLE   1,630,170 0 0
BCB Bancorp Inc COM 055298103 2,014 193,616 SH   SOLE   193,616 0 0
Capital One Financial Corp *W EXP 11/14/201 14040H139 3,097 98,800 SH   SOLE   98,800 0 0
Cheviot Financial Corp COM 16677X105 5,134 334,900 SH   SOLE   334,900 0 0
Citigroup Inc COM 172967424 4,920 95,068 SH   SOLE   95,068 0 0
Citizens Financial Group Inc COM 174610105 4,806 183,500 SH   SOLE   183,500 0 0
Coastway Bancorp Inc COM 190632109 1,114 85,137 SH   SOLE   85,137 0 0
Codorus Valley Bancorp Inc COM 192025104 1,766 86,827 SH   SOLE   86,827 0 0
Eastern Virginia Bankshares Inc COM 277196101 2,319 322,928 SH   SOLE   322,928 0 0
Enterprise Financial Services Corp COM 293712105 23,754 837,877 SH   SOLE   837,877 0 0
1st Century Bancshares Inc COM 31943X102 104 15,000 SH   SOLE   15,000 0 0
First Merchants Corp COM 320817109 20,624 811,337 SH   SOLE   811,337 0 0
First Northwest Bancorp COM 335834107 201 14,200 SH   SOLE   14,200 0 0
HF Financial Corp COM 404172108 11,145 589,975 SH   SOLE   589,975 0 0
Horizon Bancorp/IN COM 440407104 16,010 572,592 SH   SOLE   572,592 0 0
Independent Bank Corp/MI COM 453838609 16,463 1,080,985 SH   SOLE   1,080,985 0 0
JPMorgan Chase & Co COM 46625H100 3,665 55,510 SH   SOLE   55,510 0 0
JPMorgan Chase & Co *W EXP 10/28/201 46634E114 2,618 110,500 SH   SOLE   110,500 0 0
LCNB Corp COM 50181P100 2,549 155,824 SH   SOLE   155,824 0 0
Magyar Bancorp Inc COM 55977T109 5,385 539,833 SH   SOLE   539,833 0 0
Malvern Bancorp Inc COM 561409103 10,840 617,310 SH   SOLE   617,310 0 0
Metro Bancorp Inc COM 59161R101 39,003 1,242,929 SH   SOLE   1,242,929 0 0
Mid Penn Bancorp Inc COM 59540G107 908 56,373 SH   SOLE   56,373 0 0
Monarch Financial Holdings Inc COM 60907Q100 2,555 142,015 SH   SOLE   142,015 0 0
MSB Financial Corp COM 55352L101 6,076 486,102 SH   SOLE   486,102 0 0
MutualFirst Financial Inc COM 62845B104 17,459 703,973 SH   SOLE   703,973 0 0
Naugatuck Valley Financial COM 63906P107 885 124,183 SH   SOLE   124,183 0 0
Old Point Financial Corp COM 680194107 5,194 302,662 SH   SOLE   302,662 0 0
PNC Financial Services Group Inc/The *W EXP 12/31/201 693475121 1,824 63,545 SH   SOLE   63,545 0 0
Polonia Bancorp Inc COM 73158Q109 2,534 219,575 SH   SOLE   219,575 0 0
Prudential Bancorp Inc COM 74431A101 1,774 116,742 SH   SOLE   116,742 0 0
River Valley Bancorp/IN COM 768475105 2,911 82,081 SH   SOLE   82,081 0 0
SB Financial Group Inc COM 78408D105 634 56,952 SH   SOLE   56,952 0 0
Sussex Bancorp COM 869245100 1,347 102,882 SH   SOLE   102,882 0 0
WSFS Financial Corp COM 929328102 6,890 212,929 SH   SOLE   212,929 0 0