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
ANCHOR BANCORP WA COM STK COM 032838104 441 20,000 SH   SOLE 0 20,000 0 0
ASSOCIATED BANC CORP COM COM 045487105 359 20,000 SH   SOLE 0 20,000 0 0
ASTORIA FINL CORP COM STK COM 046265104 282 17,500 SH   SOLE 0 17,500 0 0
ATLANTIC COAST FED CORP C COM 048426100 271 49,000 SH   SOLE 0 49,000 0 0
BAKER HUGHES INC COM 057224107 1,561 30,000 SH   SOLE 0 30,000 0 0
BANKFINANCIAL CORP COM ST COM 06643P104 373 30,000 SH   SOLE 0 30,000 0 0
BANKUNITED INC COM 06652K103 231 6,450 SH   SOLE 0 6,450 0 0
BK OF MARIN BNCP COM 063425102 240 5,000 SH   SOLE 0 5,000 0 0
BRIDGE BANCORP INC COM ST COM 108035106 207 7,751 SH   SOLE 0 7,751 0 0
CAPE BANCORP INC COM COM 139209100 310 25,000 SH   SOLE 0 25,000 0 0
CASCADE BANCORP COM STK COM 147154207 97 18,000 SH   SOLE 0 18,000 0 0
CENTERSTATE BKS FLA INC C COM 15201P109 184 12,500 SH   SOLE 0 12,500 0 0
CIMAREX ENERGY CO COM STK COM 171798101 1,183 11,545 SH   SOLE 0 11,545 0 0
CITIZENS FINANCIAL GROUP COM 174610105 644 27,000 SH   SOLE 0 27,000 0 0
COASTWAY BANKCORP INC COM 190632109 335 30,300 SH   SOLE 0 30,300 0 0
COMMUNITY BANKERS TRUST C COM 203612106 74 14,802 SH   SOLE 0 14,802 0 0
CYS INVESTMENTS INC COM S COM 12673A108 182 25,000 SH   SOLE 0 25,000 0 0
E TRADE FINL CORP COM STK COM 269246401 474 18,000 SH   SOLE 0 18,000 0 0
EAST-WEST BANCORP INC COM COM 27579R104 373 9,700 SH   SOLE 0 9,700 0 0
ELINGTN RESL MTG COM 288578107 193 15,900 SH   SOLE 0 15,900 0 0
FCB FINANCIAL HOLDINGS IN COM 30255G103 391 12,000 SH   SOLE 0 12,000 0 0
FIRST NORTHWEST BANCORP COM 335834107 264 21,296 SH   SOLE 0 21,296 0 0
FLOTEK INDS INC DEL COM S COM 343389102 835 50,000 SH   SOLE 0 50,000 0 0
FOX CHASE BANCORP INC COM COM 35137T108 347 20,000 SH   SOLE 0 20,000 0 0
FRST CNT BNCP COM 319850103 218 13,500 SH   SOLE 0 13,500 0 0
GREAT WESTER BAN COM 391416104 540 21,300 SH   SOLE 0 21,300 0 0
GUARANTY BANCORP DEL COM COM 40075T607 494 30,000 SH   SOLE 0 30,000 0 0
HAMPTON ROADS COM 409321502 102 53,600 SH   SOLE 0 53,600 0 0
HERITAGE COMM CORP COM ST COM 426927109 249 22,000 SH   SOLE 0 22,000 0 0
HERITAGE OAKS BANCORP COM COM 42724R107 102 12,805 SH   SOLE 0 12,805 0 0
HILLTOP HLDGS INC COM STK COM 432748101 426 21,500 SH   SOLE 0 21,500 0 0
HOME BANCORP INC COM 43689E107 387 15,000 SH   SOLE 0 15,000 0 0
HOME TRST BNCSHR COM 437872104 234 12,624 SH   SOLE 0 12,624 0 0
IBERIABANK CORP COM STK COM 450828108 291 5,000 SH   SOLE 0 5,000 0 0
INDEPENDENT BANK GROUP IN COM 45384B106 231 6,000 SH   SOLE 0 6,000 0 0
INVESTAR HOLDING CORP BAT COM 46134L105 171 11,037 SH   SOLE 0 11,037 0 0
KEARNY FINANCIAL CORP NJ COM 48716P108 172 15,000 SH   SOLE 0 15,000 0 0
KEYCORP NY COM STK COM 493267108 325 25,000 SH   SOLE 0 25,000 0 0
LEGACYTEXAS FINANCIAL GRO COM 52471Y106 204 6,700 SH   SOLE 0 6,700 0 0
MALVERN FEDERAL BANCORP I COM 561409103 218 13,900 SH   SOLE 0 13,900 0 0
MARATHON PETROLEUM CORP C COM 56585A102 1,390 30,000 SH   SOLE 0 30,000 0 0
METRO BANCORP INC PA COM COM 59161R101 780 26,535 SH   SOLE 0 26,535 0 0
MUTUALFIRST FINANCIAL INC COM 62845B104 264 11,300 SH   SOLE 0 11,300 0 0
OCEAN SHORE HOLDING CO CO COM 67501R103 241 15,000 SH   SOLE 0 15,000 0 0
OCEANFIRST FINL CORP COM COM 675234108 219 12,700 SH   SOLE 0 12,700 0 0
ORCHID ISLAND CAPITAL INC COM 68571X103 321 34,700 SH   SOLE 0 34,700 0 0
PACIFIC MERCANTILE BANCOR COM 694552100 168 25,000 SH   SOLE 0 25,000 0 0
PACWEST BANCORP COM STK COM 695263103 321 7,500 SH   SOLE 0 7,500 0 0
PEOPLES BANCORP OF NORTH COM 710577107 188 10,723 SH   SOLE 0 10,723 0 0
PINNACLE FINANCIAL PARTNE COM 72346Q104 247 5,000 SH   SOLE 0 5,000 0 0
POLONIA BANCORP (PA) COM COM 73158Q109 273 21,000 SH   SOLE 0 21,000 0 0
PRIVATEBANCORP INC COM ST COM 742962103 326 8,500 SH   SOLE 0 8,500 0 0
REGIONS FINANCIAL CORP NE COM 7591EP100 360 40,000 SH   SOLE 0 40,000 0 0
RENASANT CORP COM STK COM 75970E107 246 7,500 SH   SOLE 0 7,500 0 0
RIVERVIEW BANCORP INC COM COM 769397100 198 41,715 SH   SOLE 0 41,715 0 0
ROYAL BANSHARES OF PENNSY COM 780081105 95 45,000 SH   SOLE 0 45,000 0 0
SHORE BANCSHARES INC COM COM 825107105 290 29,800 SH   SOLE 0 29,800 0 0
SIGNATURE BANK COM 82669G104 688 5,000 SH   SOLE 0 5,000 0 0
SOUTHERN NATL BANCOR OF V COM 843395104 216 19,150 SH   SOLE 0 19,150 0 0
STANDARD FINANCIAL CORP COM 853393106 541 23,000 SH   SOLE 0 23,000 0 0
STONEGATE BANK (FL) COM S COM 861811107 414 13,000 SH   SOLE 0 13,000 0 0
SVB FINANCIAL GROUP COM S COM 78486Q101 549 4,750 SH   SOLE 0 4,750 0 0
TRI COUNTY FINANCIAL CORP COM 20368X101 235 9,984 SH   SOLE 0 9,984 0 0
WELLESLEY BANCRP COM 949485106 230 12,251 SH   SOLE 0 12,251 0 0
WESTERN ALLIANCE BANCORP COM 957638109 430 14,000 SH   SOLE 0 14,000 0 0
WHITING PETROLEUM CORP CO COM 966387102 1,222 80,000 SH   SOLE 0 80,000 0 0
WPX ENERGY INC COM 98212B103 1,398 211,250 SH   SOLE 0 211,250 0 0
XENITH BANKSHARES INC COM COM 98410X105 68 10,692 SH   SOLE 0 10,692 0 0
YADKIN VALLEY FINANCIAL C COM 984305102 428 19,900 SH   SOLE 0 19,900 0 0
ZIONS BANCORPORATION COM COM 989701107 275 10,000 SH   SOLE 0 10,000 0 0