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
FCB Financial Holdings Inc CL A common 30255G103 3,223 67,500 SH   SOLE   0 0 0
Bank of Commerce Holdings common 06424J103 2,080 188,240 SH   SOLE   0 0 0
Bank of Marin Bancorp common 063425102 492 8,000 SH   SOLE   0 0 0
Bank of the Ozarks Inc common 063904106 4,218 90,000 SH   SOLE   0 0 0
BOFI Hldg Inc common 05566U108 2,491 105,000 SH   SOLE   0 0 0
CenterPointe Community BK HOOD RV common 15200G100 602 45,420 SH   SOLE   0 0 0
Columbia Bkg Sys Inc common 197236102 797 20,000 SH   SOLE   0 0 0
CU Bancorp Calif common 126534106 4,700 130,000 SH   SOLE   0 0 0
Cullen Frost Bankers Inc common 229899109 2,583 27,500 SH   SOLE   0 0 0
Evans Bancorp Inc common 29911Q208 5,660 141,667 SH   SOLE   0 0 0
First Bancorp NC common 318910106 6,174 197,510 SH   SOLE   0 0 0
First Bancshares Inc MS common 318916103 8,450 306,171 SH   SOLE   0 0 0
First Busey Corp common 319383204 4,395 149,906 SH   SOLE   0 0 0
Franklin Financial Network common 35352P104 7,425 180,000 SH   SOLE   0 0 0
Grandsouth Bancorporation common 386627301 2,759 190,152 SH   SOLE   0 0 0
Green Bancorp Inc common 39260X100 2,134 110,000 SH   SOLE   0 0 0
Heritage Commerce Corp common 426927109 3,721 270,000 SH   SOLE   0 0 0
Hope Bancorp Inc common 43940T109 1,012 54,238 SH   SOLE   0 0 0
MB Financial Inc New common 55264U108 881 20,000 SH   SOLE   0 0 0
Northern States Financial Corp common 665751103 3,990 5,148,685 SH   SOLE   0 0 0
Northwest Bancorporation common 667337109 3,263 271,921 SH   SOLE   0 0 0
Old Natl Bancorp IND common 680033107 4,347 252,000 SH   SOLE   0 0 0
Pacific Premier Bancorp common 69478X105 8,672 235,000 SH   SOLE   0 0 0
Stonegate Bank FT Lauderdale FLA common 861811107 6,680 144,643 SH   SOLE   0 0 0
Triumph Bancorp Inc common 89679E300 3,839 156,358 SH   SOLE   0 0 0
Webster Financial Corp Conn common 947890109 783 15,000 SH   SOLE   0 0 0
W.T.B Financial Corporation common 929334209 1,430 5,000 SH   SOLE   0 0 0