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 11,500 400,000 SH   SOLE   400,000 0 0
ANCHOR BANCORP WIS INC DEL COM 03283P106 36,264 851,000 SH   SOLE   851,000 0 0
ANNALY CAP MGMT INC COM 035710409 247 25,000 SH   SOLE   25,000 0 0
ATLANTIC COAST FINL CORP COM 048426100 8,390 1,517,000 SH   SOLE   1,517,000 0 0
AVENUE FINL HLDGS INC COM 05358K102 1,076 81,000 SH   SOLE   81,000 0 0
BANK MUTUAL CORP NEW COM 063750103 2,545 331,000 SH   SOLE   331,000 0 0
BENEFICIAL BANCORP INC COM 08171T102 1,997 151,000 SH   SOLE   151,000 0 0
BNC BANCORP COM 05566T101 19,326 869,000 SH   SOLE   869,000 0 0
BRIDGE BANCORP INC COM 108035106 14,525 544,000 SH   SOLE   544,000 0 0
BSB BANCORP INC MD COM 05573H108 940 44,000 SH   SOLE   44,000 0 0
CARDINAL FINL CORP COM 14149F109 2,071 90,000 SH   SOLE   90,000 0 0
CAROLINA BK HLDGS INC GREENS COM 143785103 2,509 193,000 SH   SOLE   193,000 0 0
CASCADE BANCORP COM NEW 147154207 354 65,000 SH   SOLE   65,000 0 0
CB FINL SVCS INC COM 12479G101 1,776 84,000 SH   SOLE   84,000 0 0
CENTERSTATE BANKS INC COM 15201P109 935 64,000 SH   SOLE   64,000 0 0
CHARTER FINL CORP MD COM 16122W108 4,159 328,000 SH   SOLE   328,000 0 0
CHEVIOT FINL CORP NEW COM 16677X105 400 29,000 SH   SOLE   29,000 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 2,282 258,000 SH   SOLE   258,000 0 0
CLIFTON BANCORP INC COM 186873105 690 50,000 SH   SOLE   50,000 0 0
COASTWAY BANCORP INC COM 190632109 772 70,000 SH   SOLE   70,000 0 0
CODORUS VY BANCORP INC COM 192025104 384 19,000 SH   SOLE   19,000 0 0
COMMUNITY FINL CORP MD COM 20368X101 4,048 172,000 SH   SOLE   172,000 0 0
COMMUNITYONE BANCORP COM 20416Q108 1,906 175,000 SH   SOLE   175,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,438 75,000 SH   SOLE   75,000 0 0
DNB FINL CORP COM 233237106 1,663 61,000 SH   SOLE   61,000 0 0
EASTERN VA BANKSHARES INC COM 277196101 3,253 482,000 SH   SOLE   482,000 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 1,289 61,000 SH   SOLE   61,000 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 220 35,000 SH   SOLE   35,000 0 0
FIRST CAPITAL BANCORP VA COM 319438107 2,410 504,000 SH   SOLE   504,000 0 0
FIRST CMNTY CORP S C COM 319835104 4,012 324,000 SH   SOLE   324,000 0 0
FIRST DEFIANCE FINL CORP COM 32006W106 1,493 41,000 SH   SOLE   41,000 0 0
FIRST FNDTN INC COM 32026V104 3,416 150,000 SH   SOLE   150,000 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 2,619 119,000 SH   SOLE   119,000 0 0
FIRST SAVINGS FINL GROUP INC COM 33621E109 4,206 124,000 SH   SOLE   124,000 0 0
FIRST SEC GROUP INC COM NEW 336312202 1,716 690,000 SH   SOLE   690,000 0 0
FOX CHASE BANCORP INC NEW COM 35137T108 3,124 180,000 SH   SOLE   180,000 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 3,395 159,000 SH   SOLE   159,000 0 0
FS BANCORP INC COM 30263Y104 1,562 66,000 SH   SOLE   66,000 0 0
GEORGETOWN BANCORP INC MD COM 372591107 1,241 70,000 SH   SOLE   70,000 0 0
GREAT WESTN BANCORP INC COM 391416104 1,269 50,000 SH   SOLE   50,000 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 4,411 301,000 SH   SOLE   301,000 0 0
HAMILTON BANCORP INC MD COM 407015106 2,013 144,000 SH   SOLE   144,000 0 0
HERITAGE FINL CORP WASH COM 42722X106 227 12,000 SH   SOLE   12,000 0 0
HF FINL CORP COM 404172108 2,448 151,000 SH   SOLE   151,000 0 0
HOME BANCORP INC COM 43689E107 14,301 555,000 SH   SOLE   555,000 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 3,674 161,000 SH   SOLE   161,000 0 0
HOMESTREET INC COM 43785V102 653 28,000 SH   SOLE   28,000 0 0
HOMETRUST BANCSHARES INC COM 437872104 6,423 346,000 SH   SOLE   346,000 0 0
HOPFED BANCORP INC COM 439734104 734 61,000 SH   SOLE   61,000 0 0
HOWARD BANCORP INC COM 442496105 448 32,000 SH   SOLE   32,000 0 0
IBERIABANK CORP COM 450828108 12,775 220,000 SH   SOLE   220,000 0 0
INDEPENDENT BANK CORP MICH COM NEW 453838609 6,147 416,000 SH   SOLE   416,000 0 0
INVESTAR HLDG CORP COM 46134L105 6,446 416,000 SH   SOLE   416,000 0 0
INVESTORS BANCORP INC NEW COM 46146L101 75,376 6,108,000 SH   SOLE   6,108,000 0 0
JACKSONVILLE BANCORP INC FLA COM NEW 469249205 3,453 244,000 SH   SOLE   244,000 0 0
LAKELAND BANCORP INC COM 511637100 550 50,000 SH   SOLE   50,000 0 0
LAPORTE BANCORP INC MD COM 516651106 914 62,000 SH   SOLE   62,000 0 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 509 25,000 SH   SOLE   25,000 0 0
MALVERN BANCORP INC COM 561409103 1,895 121,000 SH   SOLE   121,000 0 0
MBT FINL CORP COM 578877102 1,231 197,000 SH   SOLE   197,000 0 0
MUTUALFIRST FINL INC COM 62845B104 3,926 168,000 SH   SOLE   168,000 0 0
NATIONAL BK HLDGS CORP CL A 633707104 8,785 428,000 SH   SOLE   428,000 0 0
NATIONAL COMM CORP COM 63546L102 600 25,000 SH   SOLE   25,000 0 0
NATIONAL GEN HLDGS CORP COM 636220303 8,776 455,000 SH   SOLE   455,000 0 0
NEWBRIDGE BANCORP CL A NO PAR 65080T102 8,671 1,017,000 SH   SOLE   1,017,000 0 0
NEWBRIDGE BANCORP CL A NO PAR 65080T102 4,268 500,000 SH   SOLE   500,000 0 0
NMI HLDGS INC CL A 629209305 266 35,000 SH   SOLE   35,000 0 0
NORTHFIELD BANCORP INC DEL COM 66611T108 608 40,000 SH   SOLE   40,000 0 0
OLD LINE BANCSHARES INC COM 67984M100 9,559 586,000 SH   SOLE   586,000 0 0
OLD SECOND BANCORP INC ILL COM 680277100 935 150,000 SH   SOLE   150,000 0 0
PACIFIC PREMIER BANCORP COM 69478X105 14,856 731,000 SH   SOLE   731,000 0 0
PEOPLES UTAH BANCORP COM 712706209 1,223 75,000 SH   SOLE   75,000 0 0
POAGE BANKSHARES INC COM 730206109 851 55,000 SH   SOLE   55,000 0 0
PROVIDENT BANCORP INC COM 74383X109 743 60,000 SH   SOLE   60,000 0 0
PULASKI FINL CORP COM 745548107 561 41,000 SH   SOLE   41,000 0 0
QCR HOLDINGS INC COM 74727A104 2,495 114,000 SH   SOLE   114,000 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 10,490 715,000 SH   SOLE   715,000 0 0
SHORE BANCSHARES INC COM 825107105 6,137 631,000 SH   SOLE   631,000 0 0
SI FINL GROUP INC MD COM 78425V104 4,332 364,000 SH   SOLE   364,000 0 0
SOUTHERN FIRST BANCSHARES IN COM 842873101 2,143 105,000 SH   SOLE   105,000 0 0
SOUTHERN MO BANCORP INC COM 843380106 3,790 183,000 SH   SOLE   183,000 0 0
STATE NATL COS INC COM 85711T305 5,148 551,000 SH   SOLE   551,000 0 0
SUN BANCORP INC COM NEW 86663B201 5,436 283,000 SH   SOLE   283,000 0 0
SUN BANCORP INC COM NEW 86663B201 14,196 720,000 SH   SOLE   720,000 0 0
TRICO BANCSHARES COM 896095106 232 10,000 SH   SOLE   10,000 0 0
UNITED CMNTY BANCORP IND COM 90984R101 299 20,000 SH   SOLE   20,000 0 0
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 1,365 67,000 SH   SOLE   67,000 0 0
UNITED CMNTY FINL CORP OHIO COM 909839102 8,598 1,717,000 SH   SOLE   1,717,000 0 0
UNITED FINL BANCORP INC NEW COM 910304104 846 65,000 SH   SOLE   65,000 0 0
VERITEX HLDGS INC COM 923451108 4,281 274,000 SH   SOLE   274,000 0 0
WASHINGTONFIRST BANKSHARES I COM 940730104 1,636 89,000 SH   SOLE   89,000 0 0
WELLESLEY BANCORP INC COM 949485106 1,284 670,000 SH   SOLE   670,000 0 0
WESTBURY BANCORP INC COM 95727P106 5,996 336,000 SH   SOLE   336,000 0 0
YADKIN FINL CORP COM 984305102 3,287 153,000 SH   SOLE   153,000 0 0
YOUR CMNTY BANKSHARES INC COM 98779U106 7,281 251,000 SH   SOLE   251,000 0 0
ZIONS BANCORPORATION COM 989701107 1,198 44,000 SH   SOLE   44,000 0 0