Q3 2025 Holdings
Filed 2025-11-04 | 26 holdings | $301.4M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Banc of California(BANC) | COM | 05990K106 | $48.8M | 2,949,219 | 16.2% |
| Financial Institutions(FISI) | COM | 317585404 | $48.3M | 1,774,886 | 16.0% |
| Enterprise Finl Services(EFSC) | COM | 293712105 | $40.5M | 698,829 | 13.4% |
| Horizon Bancorp(HBNC) | COM | 440407104 | $27.1M | 1,691,174 | 9.0% |
| First Merchants(FRME) | COM | 320817109 | $25.9M | 686,333 | 8.6% |
| F N B(FNB) | COM | 302520101 | $22.8M | 1,412,765 | 7.6% |
| American Riviera Bancorp(ARBV) | COM | 02933K103 | $12.7M | 577,500 | 4.2% |
| Finward Bancorp(FNWD) | COM | 31812F109 | $12.7M | 395,716 | 4.2% |
| NBT Bancorp(NBTB) | COM | 628778102 | $12.2M | 291,030 | 4.0% |
| Independent Bank(IBCP) | COM | 453838609 | $9.9M | 318,985 | 3.3% |
| Community West Bancshares(CWBC) | COM | 203937107 | $8.9M | 425,551 | 2.9% |
| First Bank(FRBA) | COM | 31931U102 | $7.8M | 478,887 | 2.6% |
| Merchants Bancorp(MBIN) | COM | 58844R108 | $6.0M | 188,294 | 2.0% |
| Primis Finl(FRST) | COM | 74167B109 | $5.0M | 475,241 | 1.7% |
| Magyar Bancorp(MGYR) | COM | 55977T208 | $3.2M | 183,317 | 1.1% |
| Chemung Finl(CHMG) | COM | 164024101 | $3.1M | 59,127 | 1.0% |
| Orrstown Finl Services(ORRF) | COM | 687380105 | $2.2M | 64,356 | 0.7% |
| Fifth Third Bancorp(FITB) | COM | 316773100 | $2.0M | 45,600 | 0.7% |
| Citba Finl(CBAF) | COM | 173024100 | $628.0K | 21,654 | 0.2% |
| Inbankshares(INBC) | COM | 45332V105 | $623.4K | 54,085 | 0.2% |
| F & M Bank(FMBM) | COM | 30237P106 | $478.1K | 18,461 | 0.2% |
| First Northern Community Bancorp(FNRN) | COM | 335925103 | $464.3K | 36,500 | 0.2% |
| PB Finl(PBNC) | COM | 69290N103 | $103.5K | 2,000 | 0.0% |
| Two Rivers Finl Group(TRVR) | COM | 90206L106 | $87.6K | 2,434 | 0.0% |
| Flagstar Bank National Association(FXNC) | COM | 32106V107 | $62.1K | 5,379 | 0.0% |
| Community Bancorp of Santa Maria(CYSM) | COM | 20344R103 | $15.6K | 1,050 | 0.0% |