UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2013 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Hovde Capital Advisors LLC Address: 1826 Jefferson Place, NW Washington, D.C. 20036 Form 13F File Number: 028-10714 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Richard Perry Title: General Counsel Phone: (202) 822-8117 Signature, Place, and Date of Signing: /s/ Richard Perry Washington, DC 5/15/2013 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 24 Form 13F Information Table Value Total: $ 103,643 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1 028-14870 Eric D. Hovde ---- -------------------- ---------------------------------------------------- 2 028-14900 Jason Swanson ---- -------------------- ---------------------------------------------------- FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ---------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ---- AGREE REALTY CORP COM 008492100 2,068 68,702 SH DEFINED 1,2 68,702 0 0 ANWORTH MORTGAGE ASSET CP COM 037347101 2,096 331,159 SH DEFINED 1,2 331,159 0 0 ASSOCIATED ESTATES RLTY CORP COM 045604105 1,539 82,575 SH DEFINED 1,2 82,575 0 0 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 1,467 142,430 SH DEFINED 1,2 142,430 0 0 CAPITAL ONE FINL CORP COM 14040H105 2,702 49,175 SH DEFINED 1,2 49,175 0 0 COMERICA INC COM 200340107 6,334 176,202 SH DEFINED 1,2 176,202 0 0 ENDURANCE SPECIALTY HLDGS LT SHS G30397106 3,044 63,662 SH DEFINED 1,2 63,662 0 0 EPLUS INC COM 294268107 42,276 914,872 SH DEFINED 1,2 914,872 0 0 FIRST BUS FINL SVCS INC WIS COM 319390100 952 35,407 SH DEFINED 1,2 35,407 0 0 FIRST UTD CORP COM 33741H107 156 18,759 SH DEFINED 1,2 18,759 0 0 HERITAGE FINL CORP WASH COM 42722X106 902 62,232 SH DEFINED 1,2 62,232 0 0 IBERIABANK CORP COM 450828108 3,460 69,172 SH DEFINED 1,2 69,172 0 0 INTERVEST BANCSHARES CORP COM 460927106 1,060 180,189 SH DEFINED 1,2 180,189 0 0 KEYCORP NEW COM 493267108 5,883 590,701 SH DEFINED 1,2 590,701 0 0 OCEAN SHORE HLDG CO NEW COM 67501R103 1,197 79,797 SH DEFINED 1,2 79,797 0 0 PNC FINL SVCS GROUP INC COM 693475105 6,861 103,172 SH DEFINED 1,2 103,172 0 0 POPULAR INC COM NEW 733174700 1,753 63,501 SH DEFINED 1,2 63,501 0 0 REINSURANCE GROUP AMER INC COM NEW 759351604 2,555 42,820 SH DEFINED 1,2 42,820 0 0 SHORE BANCSHARES INC COM 825107105 407 59,899 SH DEFINED 1,2 59,899 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 8,804 56,994 SH DEFINED 1,2 56,994 0 0 SUNTRUST BKS INC COM 867914103 5,207 180,751 SH DEFINED 1,2 180,751 0 0 SYNOVUS FINL CORP COM 87161C105 1,668 602,100 SH DEFINED 1,2 602,100 0 0 TOWER GROUP INTL LTD COM G8988C105 923 50,000 SH DEFINED 1,2 50,000 0 0 UNITED FIRE GROUP INC COM 910340108 329 12,929 SH DEFINED 1,2 12,929 0 0