Instuitional Investor - Context Bh Capital Management, Lp

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Sector Spdr TrustPUT	XLB	1,545,000	$58,092,000	30.72%
2.	Spdr Series TrustPUTPUT		470,000	$24,642,100	13.03%
3.	First Foundation Inc.	FFWM	742,355	$7,185,996	3.8%
4.	Banc Of California Inc.	BANC	528,165	$7,093,256	3.75%
5.	Eagle Bancorp Inc	EGBN	212,651	$6,409,301	3.38%