Q2 2025 Holdings
Filed 2025-08-08 | 34 holdings | $70.8M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Angel OAK Funds Trust(AOHY) | HIGH YIELD OPPOR | 03463K745 | $18.7M | 1,675,875 | 26.4% |
| Angel OAK Funds Trust(MBS) | MORTGAGE BACKED | 03463K737 | $12.1M | 1,396,532 | 17.0% |
| Ishares TR(HYG) | IBOXX HI YD ETF | 464288513 | $3.8M | 47,400 | 5.4% |
| Spdr Series Trust(JNK) | BLOOMBERG HIGH Y | 78468R622 | $3.8M | 38,800 | 5.3% |
| Rithm Capital Corp(RITM) | COM NEW | 64828T201 | $3.2M | 283,870 | 4.5% |
| Kingstone COS Inc(KINS) | COM | 496719105 | $2.1M | 137,249 | 3.0% |
| Annaly Capital Management in(NLY) | COM NEW | 035710839 | $1.9M | 99,833 | 2.7% |
| Ishares TR(USHY) | BROAD USD HIGH | 46435U853 | $1.8M | 48,500 | 2.6% |
| Patriot Natl Bancorp Inc(PNBK) | COM NEW | 70336F203 | $1.8M | 1,189,166 | 2.6% |
| Redwood Trust Inc(RWT) | COM | 758075402 | $1.6M | 264,257 | 2.2% |
| Ellington Financial Inc(EFC) | COM | 28852N109 | $1.5M | 119,250 | 2.2% |
| First Ctzns Bancshares Inc N(FCNCA) | CL A | 31946M103 | $1.5M | 775 | 2.1% |
| UMB Finl Corp(UMBF) | COM | 902788108 | $1.4M | 13,600 | 2.0% |
| Greene Cnty Bancorp Inc(GCBC) | COM | 394357107 | $1.3M | 57,000 | 1.8% |
| Pennymac MTG Invt TR(PMT) | COM | 70931T103 | $1.2M | 94,182 | 1.7% |
| Plumas Bancorp(PLBC) | COM | 729273102 | $1.2M | 26,700 | 1.7% |
| Bank7 Corp(BSVN) | COM | 06652N107 | $1.1M | 27,000 | 1.6% |
| Columbia BKG SYS Inc(COLB) | COM | 197236102 | $1.1M | 46,000 | 1.5% |
| First UTD Corp(FUNC) | COM | 33741H107 | $1.0M | 33,700 | 1.5% |
| Prosperity Bancshares Inc(PB) | COM | 743606105 | $976.3K | 13,900 | 1.4% |
| Citigroup Inc(C) | COM NEW | 172967424 | $936.3K | 11,000 | 1.3% |
| Eagle Bancorp Inc MD(EGBN) | COM | 268948106 | $927.2K | 47,600 | 1.3% |
| East West Bancorp Inc(EWBC) | COM | 27579R104 | $858.3K | 8,500 | 1.2% |
| Western Alliance Bancorp(WAL) | COM | 957638109 | $857.8K | 11,000 | 1.2% |
| M & T BK Corp(MTB) | COM | 55261F104 | $776.0K | 4,000 | 1.1% |
| FS Bancorp Inc(FSBW) | COM | 30263Y104 | $708.8K | 18,000 | 1.0% |
| Pinnacle Finl Partners Inc | COM | 72346Q104 | $552.1K | 5,000 | 0.8% |
| Southstate Corporation(SSBUSD) | COM | 840441109 | $478.6K | 5,200 | 0.7% |
| Flushing Finl Corp(FFIC) | COM | 343873105 | $356.4K | 30,000 | 0.5% |
| Ameriserv Finl Inc(ASRV) | COM | 03074A102 | $304.0K | 100,000 | 0.4% |
| Arrow Finl Corp(AROW) | COM | 042744102 | $290.6K | 11,000 | 0.4% |
| Agnc Invt Corp(AGNC) | COM | 00123Q104 | $280.3K | 30,500 | 0.4% |
| Amerant Bancorp Inc(AMTB) | CL A | 023576101 | $182.3K | 10,000 | 0.3% |
| Flagstar Financial Inc(FLG) | COM NEW | 649445400 | $159.0K | 15,000 | 0.2% |