Q2 2025 Holdings
Filed 2025-08-05 | 25 holdings | $299.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Banc of California(BANC) | COM | 05990K106 | $41.4M | 2,949,219 | 13.8% |
| Enterprise Finl Services(EFSC) | COM | 293712105 | $38.8M | 703,829 | 12.9% |
| Financial Institutions(FISI) | COM | 317585404 | $35.0M | 1,361,510 | 11.7% |
| Old Point Finl(OPOF) | COM | 680194107 | $28.3M | 720,861 | 9.4% |
| First Merchants(FRME) | COM | 320817109 | $26.3M | 686,333 | 8.8% |
| Horizon Bancorp(HBNC) | COM | 440407104 | $22.9M | 1,491,174 | 7.7% |
| F N B(FNB) | COM | 302520101 | $20.6M | 1,412,765 | 6.9% |
| NBT Bancorp(NBTB) | COM | 628778102 | $16.3M | 392,913 | 5.4% |
| American Riviera Bancorp(ARBV) | COM | 02933K103 | $11.0M | 572,500 | 3.7% |
| Finward Bancorp(FNWD) | COM | 31812F109 | $10.9M | 395,716 | 3.6% |
| Independent Bank(IBCP) | COM | 453838609 | $10.3M | 318,985 | 3.4% |
| Community West Bancshares(CWBC) | COM | 203937107 | $8.3M | 425,551 | 2.8% |
| First Bank(FRBA) | COM | 31931U102 | $7.4M | 478,887 | 2.5% |
| Merchants Bancorp(MBIN) | COM | 58844R108 | $6.2M | 188,294 | 2.1% |
| Primis Finl(FRST) | COM | 74167B109 | $5.2M | 475,241 | 1.7% |
| Magyar Bancorp(MGYR) | COM | 55977T208 | $3.4M | 204,557 | 1.1% |
| Orrstown Finl Services(ORRF) | COM | 687380105 | $2.0M | 64,356 | 0.7% |
| Fifth Third Bancorp(FITB) | COM | 316773100 | $1.9M | 45,600 | 0.6% |
| Comerica(CMA) | COM | 200340107 | $1.7M | 28,750 | 0.6% |
| Inbankshares(INBC) | COM | 45332V105 | $600.2K | 53,585 | 0.2% |
| Citba Finl(CBAF) | COM | 173024100 | $464.4K | 16,030 | 0.2% |
| Chemung Finl(CHMG) | COM | 164024101 | $289.5K | 5,972 | 0.1% |
| Bankfinancial(BFINUSD) | COM | 06643P104 | $153.7K | 13,282 | 0.1% |
| PB Finl(PBNC) | COM | 69290N103 | $100.0K | 2,000 | 0.0% |
| First National(FXNC) | COM | 32106V107 | $4.0K | 205 | 0.0% |