Q1 2025 Holdings
Filed 2025-05-14 | 118 holdings | $758.5M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Unity Bancorp, Inc.(UNTY) | Common Stock | 913290102 | $24.6M | 604,944 | 3.2% |
| Southern States Bancshares, Inc.(SSBK) | Common Stock | 843878307 | $23.7M | 663,484 | 3.1% |
| American Business Bank(AMBZ) | Common Stock | 02475L105 | $21.5M | 481,822 | 2.8% |
| Old Second Bancorp, Inc.(OSBC) | Common Stock | 680277100 | $21.4M | 1,284,578 | 2.8% |
| Private Bancorp of America, Inc.(PBAM) | Common Stock | 74274F100 | $19.6M | 358,352 | 2.6% |
| First Bank(FRBA) | Common Stock | 31931U102 | $17.8M | 1,203,049 | 2.3% |
| California BanCorp.(BCAL) | Common Stock | 84252A106 | $16.9M | 1,181,878 | 2.2% |
| FineMark Holdings, Inc.(FNBT) | Common Stock | 31788B108 | $16.9M | 650,172 | 2.2% |
| West Coast Community Bancorp(WCCB) | Common Stock | 952170108 | $16.8M | 427,642 | 2.2% |
| Avidbank Holdings, Inc.(AVBH) | Common Stock | 05368J103 | $16.6M | 735,277 | 2.2% |
| Primis Financial Corporation(FRST) | Common Stock | 74167B109 | $15.6M | 1,601,360 | 2.1% |
| Merchants Bancorp(MBIN) | Common Stock | 58844R108 | $14.3M | 385,915 | 1.9% |
| Banc of California, Inc.(BANC) | Common Stock | 05990K106 | $14.0M | 986,629 | 1.8% |
| Peapack-Gladstone Financial Corporation(PGC) | Common Stock | 704699107 | $13.4M | 473,399 | 1.8% |
| Texas Capital Bancshares, Inc.(TCBI) | Common Stock | 88224Q107 | $13.4M | 179,205 | 1.8% |
| Metropolitan Bank Holding Corp.(MCB) | Common Stock | 591774104 | $13.0M | 232,254 | 1.7% |
| First Business Financial Services, Inc.(FBIZ) | Common Stock | 319390100 | $12.9M | 274,277 | 1.7% |
| First Western Financial, Inc.(MYFW) | Common Stock | 33751L105 | $12.5M | 636,177 | 1.6% |
| ConnectOne Bancorp, Inc.(CNOB) | Common Stock | 20786W107 | $11.5M | 475,086 | 1.5% |
| Colony Bankcorp Inc.(CBAN) | Common Stock | 19623P101 | $11.3M | 700,359 | 1.5% |
| Triumph Bancorp, Inc.(TFIN) | Common Stock | 89679E300 | $11.1M | 192,394 | 1.5% |
| MainStreet Bancshares, Inc.(MNSB) | Common Stock | 56064Y100 | $10.9M | 651,014 | 1.4% |
| Mid Penn Bank(MPB) | Common Stock | 59540G107 | $10.7M | 412,552 | 1.4% |
| Mountain Commerce Bancorp(MCBI) | Common Stock | 624004107 | $10.4M | 512,310 | 1.4% |
| Orange County Bancorp, Inc.(OBT) | Common Stock | 68417L107 | $10.1M | 433,632 | 1.3% |
| Alpine Banks of Colorado(ALPIB) | Common Stock | 020810107 | $10.0M | 322,498 | 1.3% |
| Business First Bancshares, Inc.(BFST) | Common Stock | 12326C105 | $9.9M | 408,145 | 1.3% |
| Southern First Bancshares, Inc.(SFST) | Common Stock | 842873101 | $9.9M | 299,920 | 1.3% |
| Princeton Bancorp, Inc.(BPRN) | Common Stock | 74179A107 | $9.6M | 315,428 | 1.3% |
| Meridian Bank(MRBK) | Common Stock | 58958P104 | $9.5M | 659,104 | 1.3% |
| First Internet Bancorp(INBK) | Common Stock | 320557101 | $9.4M | 350,296 | 1.2% |
| Mercantile Bank Corporation(MBWM) | Common Stock | 587376104 | $9.4M | 215,452 | 1.2% |
| First Busey Corporation(BUSE) | Common Stock | 319383204 | $9.3M | 430,929 | 1.2% |
| SmartFinancial, Inc.(SMBK) | Common Stock | 83190L208 | $9.2M | 294,911 | 1.2% |
| Investar Holding Corporation(ISTR) | Common Stock | 46134L105 | $9.0M | 510,906 | 1.2% |
| First Northern Community Bancorp(FNRN) | Common Stock | 335925103 | $9.0M | 882,564 | 1.2% |
| Third Coast Bancshares(TCBX) | Common Stock | 88422P109 | $9.0M | 268,649 | 1.2% |
| CNB Financial Corporation(CCNE) | Common Stock | 126128107 | $8.9M | 401,776 | 1.2% |
| ChoiceOne Financial Services, Inc.(COFS) | Common Stock | 170386106 | $8.7M | 303,381 | 1.2% |
| Alerus Financial Corporation(ALRS) | Common Stock | 01446U103 | $8.3M | 451,641 | 1.1% |
| Blue Ridge Bankshares, Inc.(BRBS) | Common Stock | 095825105 | $8.2M | 2,506,902 | 1.1% |
| Veritex Holdings, Inc.(VBTX) | Common Stock | 923451108 | $7.1M | 283,100 | 0.9% |
| River City Bank(RCBC) | Common Stock | 76803X106 | $6.9M | 19,837 | 0.9% |
| FirstSun Capital Bancorp(FSUN) | Common Stock | 33767U107 | $6.8M | 187,705 | 0.9% |
| First Foundation Inc.(FFWM) | Common Stock | 32026V104 | $6.8M | 1,306,054 | 0.9% |
| Citizens Community Bancorp, Inc.(CZWI) | Common Stock | 174903104 | $6.7M | 468,742 | 0.9% |
| Bank7 Corp(BSVN) | Common Stock | 06652N107 | $6.7M | 171,836 | 0.9% |
| United Bancorporation of Alabama, Inc.(UBAB) | Common Stock | 90944R100 | $5.9M | 110,813 | 0.8% |
| Shore Bancshares, Inc.(SHBI) | Common Stock | 825107105 | $5.5M | 403,809 | 0.7% |
| CoastalSouth Bancshares, Inc.(COSO) | Common Stock | 19058X207 | $5.4M | 254,557 | 0.7% |