Q4 2025 Holdings
Filed 2026-02-10 | 35 holdings | $68.8M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Ishares TR(USHY) | BROAD USD HIGH | 46435U853 | $13.5M | 361,892 | 19.7% |
| Angel OAK Funds Trust(AOHY) | HIGH YIELD OPPOR | 03463K745 | $10.8M | 970,925 | 15.7% |
| Angel OAK Funds Trust(MBS) | MORTGAGE BACKED | 03463K737 | $9.4M | 1,070,590 | 13.6% |
| Patriot Natl Bancorp Inc(PNBK) | COM NEW | 70336F203 | $6.0M | 3,292,840 | 8.7% |
| Annaly Capital Management in(NLY) | COM NEW | 035710839 | $2.2M | 99,833 | 3.2% |
| First Ctzns Bancshares Inc D(FCNCA) | CL A | 31946M103 | $2.2M | 1,005 | 3.1% |
| Kingstone COS Inc(KINS) | COM | 496719105 | $1.8M | 108,249 | 2.6% |
| Ellington Financial Inc(EFC) | COM | 28852N109 | $1.6M | 119,250 | 2.4% |
| UMB Finl Corp(UMBF) | COM | 902788108 | $1.6M | 13,600 | 2.3% |
| Angel OAK Funds Trust(TRBF) | TOTAL RETURN ETF | 03463K729 | $1.6M | 31,100 | 2.3% |
| Redwood Trust Inc(RWT) | COM | 758075402 | $1.5M | 264,257 | 2.1% |
| M & T BK Corp(MTB) | COM | 55261F104 | $1.4M | 6,900 | 2.0% |
| Greene Cnty Bancorp Inc(GCBC) | COM | 394357107 | $1.3M | 60,000 | 1.9% |
| Citigroup Inc(C) | COM NEW | 172967424 | $1.3M | 11,000 | 1.9% |
| Plumas Bancorp(PLBC) | COM | 729273102 | $1.3M | 28,000 | 1.8% |
| Pennymac MTG Invt TR(PMT) | COM | 70931T103 | $1.0M | 81,182 | 1.5% |
| Prosperity Bancshares Inc(PB) | COM | 743606105 | $960.6K | 13,900 | 1.4% |
| Bank7 Corp(BSVN) | COM | 06652N107 | $901.6K | 22,000 | 1.3% |
| First UTD Corp(FUNC) | COM | 33741H107 | $887.3K | 23,700 | 1.3% |
| Southstate BK Corp(SSB) | COM | 84472E102 | $752.9K | 8,000 | 1.1% |
| East West Bancorp Inc(EWBC) | COM | 27579R104 | $730.5K | 6,500 | 1.1% |
| Columbia BKG SYS Inc(COLB) | COM | 197236102 | $698.8K | 25,000 | 1.0% |
| Eagle Bancorp Inc MD(EGBN) | COM | 268948106 | $685.4K | 32,000 | 1.0% |
| Western Alliance Bancorp(WAL) | COM | 957638109 | $672.6K | 8,000 | 1.0% |
| Pinnacle Finl Partners Inc | COM | 72346Q104 | $667.9K | 7,000 | 1.0% |
| FS Bancorp Inc(FSBW) | COM | 30263Y104 | $617.6K | 15,000 | 0.9% |
| Preferred BK LOS Angeles CA(PFBC) | COM NEW | 740367404 | $472.2K | 5,000 | 0.7% |
| Flushing Finl Corp(FFIC) | COM | 343873105 | $455.1K | 30,000 | 0.7% |
| Nicolet Bankshares Inc(NIC) | COM | 65406E102 | $363.9K | 3,000 | 0.5% |
| Arrow Finl Corp(AROW) | COM | 042744102 | $345.4K | 11,000 | 0.5% |
| Agnc Invt Corp(AGNC) | COM | 00123Q104 | $327.0K | 30,500 | 0.5% |
| Flagstar Financial Inc(FLG) | COM NEW | 649445400 | $314.8K | 25,000 | 0.5% |
| Northeast BK Portland ME(NBN) | COM | 66405S100 | $311.8K | 3,000 | 0.5% |
| Amerant Bancorp Inc(AMTB) | CL A | 023576101 | $195.1K | 10,000 | 0.3% |
| Ameriserv Finl Inc(ASRV) | COM | 03074A102 | $83.9K | 26,300 | 0.1% |