Q1 2025 Holdings
Filed 2025-05-13 | 27 holdings | $297.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Banc of California(BANC) | COM | 05990K106 | $42.9M | 3,024,219 | 14.4% |
| Enterprise Finl Services(EFSC) | COM | 293712105 | $37.8M | 703,829 | 12.7% |
| Financial Institutions(FISI) | COM | 317585404 | $31.5M | 1,261,010 | 10.6% |
| First Merchants(FRME) | COM | 320817109 | $27.8M | 686,333 | 9.3% |
| Evans Bancorp(EVBNUSD) | COM | 29911Q208 | $23.8M | 611,759 | 8.0% |
| Horizon Bancorp(HBNC) | COM | 440407104 | $22.5M | 1,491,174 | 7.6% |
| Old Point Finl(OPOF) | COM | 680194107 | $21.6M | 720,861 | 7.2% |
| F N B(FNB) | COM | 302520101 | $19.0M | 1,412,765 | 6.4% |
| Finward Bancorp(FNWD) | COM | 31812F109 | $11.5M | 395,716 | 3.9% |
| American Riviera Bancorp(ARBV) | COM | 02933K103 | $10.7M | 557,500 | 3.6% |
| Independent Bank(IBCP) | COM | 453838609 | $9.8M | 318,985 | 3.3% |
| Community West Bancshares(CWBC) | COM | 203937107 | $7.9M | 425,551 | 2.6% |
| First Bank(FRBA) | COM | 31931U102 | $7.1M | 478,887 | 2.4% |
| Merchants Bancorp(MBIN) | COM | 58844R108 | $7.0M | 188,294 | 2.3% |
| Primis Finl(FRST) | COM | 74167B109 | $4.6M | 475,241 | 1.6% |
| Magyar Bancorp(MGYR) | COM | 55977T208 | $3.5M | 254,557 | 1.2% |
| Orrstown Finl Services(ORRF) | COM | 687380105 | $1.9M | 64,356 | 0.6% |
| Fifth Third Bancorp(FITB) | COM | 316773100 | $1.8M | 45,600 | 0.6% |
| Comerica(CMA) | COM | 200340107 | $1.7M | 28,750 | 0.6% |
| Bankfinancial(BFINUSD) | COM | 06643P104 | $1.1M | 89,955 | 0.4% |
| Invesco Mortgage Capital(IVR) | COM | 46131B704 | $789.0K | 100,000 | 0.3% |
| Inbankshares(INBC) | COM | 45332V105 | $505.3K | 53,185 | 0.2% |
| Citba Finl(CBAF) | COM | 173024100 | $472.9K | 16,030 | 0.2% |
| Franklin Finl Services(FRAF) | COM | 353525108 | $224.6K | 6,337 | 0.1% |
| Chemung Finl(CHMG) | COM | 164024101 | $93.8K | 1,972 | 0.0% |
| PB Finl(PBNC) | COM | 69290N103 | $91.0K | 2,000 | 0.0% |
| First National(FXNC) | COM | 32106V107 | $4.6K | 205 | 0.0% |