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
AMERIS BANCORP COM 03076K108 3,621 122,400 SH   SOLE   122,400 0 0
BRIDGE BANCORP INC COM 108035106 2,298 75,409 SH   SOLE   75,409 0 0
CASCADE BANCORP COM NEW 147154207 758 132,812 SH   SOLE   132,812 0 0
CITIZENS FINL GROUP INC COM 174610105 3,562 170,000 SH   SOLE   170,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 3,188 195,000 SH   SOLE   195,000 0 0
HEARTLAND FINL USA INC COM 42234Q102 776 25,210 SH   SOLE   25,210 0 0
HERITAGE COMMERCE CORP COM 426927109 512 51,148 SH   SOLE   51,148 0 0
HILLTOP HOLDINGS INC COM 432748101 755 40,000 SH   SOLE   40,000 0 0
HOMESTREET INC COM 43785V102 1,621 77,905 SH   SOLE   77,905 0 0
LEGACY TEX FINL GROUP INC COM 52471Y106 2,865 145,810 SH   SOLE   145,810 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 1,962 137,077 SH   SOLE   137,077 0 0
META FINL GROUP INC COM 59100U108 3,919 85,948 SH   SOLE   85,948 0 0
OLD SECOND BANCORP INC ILL COM 680277100 3,924 547,224 SH   SOLE   547,224 0 0
OPUS BK IRVINE CALIF COM 684000102 2,891 85,038 SH   SOLE   85,038 0 0
PACWEST BANCORP DEL COM 695263103 3,232 87,000 SH   SOLE   87,000 0 0
PRA GROUP INC COM 69354N106 882 30,000 SH   SOLE   30,000 0 0
TAL INTL GROUP INC COM 874083108 2,316 150,000 SH   SOLE   150,000 0 0
ZIONS BANCORPORATION COM 989701107 3,934 162,500 SH   SOLE   162,500 0 0