Q2 2025 Holdings
Filed 2025-08-14 | 115 holdings | $661.6M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Unity Bancorp, Inc.(UNTY) | Common | 913290102 | $24.7M | 524,218 | 3.7% |
| FineMark Holdings, Inc.(FNBT) | Common | 31788B108 | $22.1M | 535,265 | 3.3% |
| Old Second Bancorp, Inc.(OSBC) | Common | 680277100 | $20.5M | 1,157,378 | 3.1% |
| Private Bancorp of America, Inc.(PBAM) | Common | 74274F100 | $18.0M | 332,531 | 2.7% |
| California BanCorp.(BCAL) | Common | 84252A106 | $15.7M | 993,400 | 2.4% |
| First Bank(FRBA) | Common | 31931U102 | $15.3M | 991,249 | 2.3% |
| Primis Financial Corporation(FRST) | Common | 74167B109 | $14.9M | 1,369,088 | 2.2% |
| American Business Bank(AMBZ) | Common | 02475L105 | $14.8M | 347,447 | 2.2% |
| West Coast Community Bancorp(WCCB) | Common | 952170108 | $14.2M | 363,820 | 2.2% |
| Southern States Bancshares, Inc.(SSBK) | Common | 843878307 | $13.9M | 382,380 | 2.1% |
| Avidbank Holdings, Inc.(AVBH) | Common | 05368J103 | $13.7M | 670,039 | 2.1% |
| First Business Financial Services, Inc.(FBIZ) | Common | 319390100 | $13.4M | 264,477 | 2.0% |
| Peapack-Gladstone Financial Corporation(PGC) | Common | 704699107 | $13.1M | 462,399 | 2.0% |
| Merchants Bancorp(MBIN) | Common | 58844R108 | $12.8M | 385,790 | 1.9% |
| MainStreet Bancshares, Inc.(MNSB) | Common | 56064Y100 | $12.3M | 651,014 | 1.9% |
| Texas Capital Bancshares, Inc.(TCBI) | Common | 88224Q107 | $11.8M | 149,205 | 1.8% |
| Metropolitan Bank Holding Corp.(MCB) | Common | 591774104 | $11.1M | 159,054 | 1.7% |
| First Western Financial, Inc.(MYFW) | Common | 33751L105 | $11.1M | 490,521 | 1.7% |
| Southern First Bancshares, Inc.(SFST) | Common | 842873101 | $10.9M | 286,704 | 1.6% |
| Mid Penn Bank(MPB) | Common | 59540G107 | $10.6M | 375,786 | 1.6% |
| Triumph Bancorp, Inc.(TFIN) | Common | 89679E300 | $10.4M | 189,394 | 1.6% |
| Banc of California, Inc.(BANC) | Common | 05990K106 | $10.4M | 741,545 | 1.6% |
| Colony Bankcorp Inc.(CBAN) | Common | 19623P101 | $10.2M | 621,159 | 1.5% |
| First Internet Bancorp(INBK) | Common | 320557101 | $9.4M | 350,296 | 1.4% |
| CNB Financial Corporation(CCNE) | Common | 126128107 | $9.3M | 406,776 | 1.4% |
| Investar Holding Corporation(ISTR) | Common | 46134L105 | $9.3M | 480,906 | 1.4% |
| First Busey Corporation(BUSE) | Common | 319383204 | $9.3M | 405,929 | 1.4% |
| Mountain Commerce Bancorp(MCBI) | Common | 624004107 | $9.2M | 464,783 | 1.4% |
| Mercantile Bank Corporation(MBWM) | Common | 587376104 | $9.1M | 195,152 | 1.4% |
| Alerus Financial Corporation(ALRS) | Common | 01446U103 | $8.6M | 398,538 | 1.3% |
| Business First Bancshares, Inc.(BFST) | Common | 12326C105 | $8.6M | 347,116 | 1.3% |
| Orange County Bancorp, Inc.(OBT) | Common | 68417L107 | $8.5M | 329,956 | 1.3% |
| Alpine Banks of Colorado(ALPIB) | Common | 020810107 | $8.5M | 315,338 | 1.3% |
| Blue Ridge Bankshares, Inc.(BRBS) | Common | 095825105 | $8.4M | 2,341,902 | 1.3% |
| ConnectOne Bancorp, Inc.(CNOB) | Common | 20786W107 | $7.9M | 342,186 | 1.2% |
| Meridian Bank(MRBK) | Common | 58958P104 | $7.7M | 600,415 | 1.2% |
| Third Coast Bancshares(TCBX) | Common | 88422P109 | $7.0M | 215,383 | 1.1% |
| First Northern Community Bancorp(FNRN) | Common | 335925103 | $7.0M | 715,588 | 1.1% |
| SmartFinancial, Inc.(SMBK) | Common | 83190L208 | $6.8M | 200,587 | 1.0% |
| First Foundation Inc.(FFWM) | Common | 32026V104 | $5.8M | 1,143,054 | 0.9% |
| FirstSun Capital Bancorp(FSUN) | Common | 33767U107 | $5.7M | 163,705 | 0.9% |
| Citizens Community Bancorp, Inc.(CZWI) | Common | 174903104 | $5.7M | 411,996 | 0.9% |
| Bank7 Corp(BSVN) | Common | 06652N107 | $5.4M | 128,519 | 0.8% |
| CoastalSouth Bancshares, Inc.(COSO) | Common | 19058X207 | $5.3M | 247,605 | 0.8% |
| Oregon Pacific Bancorp(ORPB) | Common | 686040205 | $5.0M | 631,086 | 0.8% |
| Shore Bancshares, Inc.(SHBI) | Common | 825107105 | $4.8M | 303,809 | 0.7% |
| First Reliance Bancshares, Inc.(FSRL) | Common | 33615Q100 | $4.7M | 493,284 | 0.7% |
| Princeton Bancorp, Inc.(BPRN) | Common | 74179A107 | $4.7M | 153,926 | 0.7% |
| Veritex Holdings, Inc.(VBTX) | Common | 923451108 | $4.7M | 179,895 | 0.7% |
| United Security Bankshares(UBFO) | Common | 911460103 | $4.6M | 536,316 | 0.7% |