Q3 2025 Holdings
Filed 2025-11-14 | 43 holdings | $2.1B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| First Horizon Corporation(FHN) | COM | 320517105 | $279.7M | 12,370,000 | 13.1% |
| Cadence Bank(CADE) | COM | 12740C103 | $264.8M | 7,055,000 | 12.4% |
| Comerica Inc(CMA) | COM | 200340107 | $244.6M | 3,570,000 | 11.4% |
| Marketaxess Hldgs Inc(MKTX) | COM | 57060D108 | $158.8M | 911,358 | 7.4% |
| Seacoast BKG Corp FLA(SBCF) | COM NEW | 811707801 | $152.0M | 4,995,000 | 7.1% |
| Ameris Bancorp(ABCB) | COM | 03076K108 | $145.2M | 1,981,061 | 6.8% |
| Atlantic UN Bankshares Corp(AUB) | COM | 04911A107 | $131.1M | 3,713,604 | 6.1% |
| Q2 Hldgs Inc(QTWO) | COM | 74736L109 | $122.3M | 1,690,000 | 5.7% |
| ACI Worldwide Inc(ACIW) | COM | 004498101 | $94.1M | 1,783,851 | 4.4% |
| Stellar Bancorp Inc(STEL) | COM | 858927106 | $55.5M | 1,829,937 | 2.6% |
| Eagle Bancorp Inc MD(EGBN) | COM | 268948106 | $53.2M | 2,632,918 | 2.5% |
| Piper Sandler Companies(PIPR) | COM | 724078100 | $52.6M | 151,707 | 2.5% |
| Texas Cap Bancshares Inc(TCBI) | COM | 88224Q107 | $46.9M | 555,000 | 2.2% |
| First Fndtn Inc(FFWM) | COM | 32026V104 | $38.4M | 6,900,306 | 1.8% |
| Visa Inc(V) | COM CL A | 92826C839 | $35.8M | 105,000 | 1.7% |
| Miami Intl Hldgs Inc(MIAX) | COM | 59356Q108 | $29.2M | 725,804 | 1.4% |
| First Intst Bancsystem Inc(FIBK) | COM | 32055Y201 | $27.1M | 850,000 | 1.3% |
| Northern TR Corp(NTRS) | COM | 665859104 | $25.6M | 190,000 | 1.2% |
| Acadian Asset Management Inc(AAMI) | COM | 10948W103 | $24.6M | 511,452 | 1.2% |
| Marqeta Inc(MQ) | CLASS A COM | 57142B104 | $24.6M | 4,650,000 | 1.1% |
| First Westn Finl Inc(MYFW) | COM | 33751L105 | $14.2M | 617,824 | 0.7% |
| NCR Voyix Corporation(VYX) | COM | 62886E108 | $10.5M | 840,395 | 0.5% |
| Primis Financial Corp(FRST) | COM | 74167B109 | $10.2M | 974,870 | 0.5% |
| Flywire Corporation(FLYW) | COM VTG | 302492103 | $8.8M | 650,000 | 0.4% |
| Figure Technology Solutio(FIGR) | COM CL A | 349381103 | $8.7M | 240,000 | 0.4% |
| Shift4 Pmts Inc(FOUR) | CL A | 82452J109 | $8.0M | 103,056 | 0.4% |
| Americas Car-Mart Inc(CRMT) | COM | 03062T105 | $7.9M | 270,190 | 0.4% |
| GCM Grosvenor Inc(GCMG) | COM CL A | 36831E108 | $6.4M | 526,354 | 0.3% |
| Gemini Space STA Inc(GEMI) | CL A COM | 36866J105 | $5.9M | 245,322 | 0.3% |
| Jefferson Capital Inc(JCAP) | COM | 47248R103 | $5.1M | 295,559 | 0.2% |
| Bullish(BLSH) | ORD SHS | G16910120 | $5.1M | 80,000 | 0.2% |
| Northpointe Bancshares Inc.(NPB) | COM SHS | 66661N886 | $4.8M | 283,752 | 0.2% |
| Coastalsouth Bancshares Inc(COSO) | COM NEW | 19058X207 | $4.8M | 220,619 | 0.2% |
| Spdr Series Trust(KRE) | S&P REGL BKG | 78464A698 | $4.7M | 75,000 | 0.2% |
| Tradeweb Mkts Inc(TW) | CL A | 892672106 | $4.6M | 41,200 | 0.2% |
| Newtekone Inc(NEWT) | COM NEW | 652526203 | $4.4M | 386,924 | 0.2% |
| Avidbank Hldgs Inc(AVBH) | COM | 05368J103 | $3.6M | 141,496 | 0.2% |
| Alkami Technology Inc(ALKT) | COM | 01644J108 | $3.2M | 127,604 | 0.1% |
| CME Group Inc(CME) | COM | 12572Q105 | $3.0M | 11,198 | 0.1% |
| Smartfinancial Inc(SMBK) | COM NEW | 83190L208 | $3.0M | 84,570 | 0.1% |
| Columbia BKG SYS Inc(COLB) | COM | 197236102 | $2.6M | 100,000 | 0.1% |
| Marex Group PLC(MRX) | ORD | G5S37H101 | $1.8M | 52,191 | 0.1% |
| Civista Bancshares Inc(CIVB) | COM NO PAR | 178867107 | $604.8K | 29,776 | 0.0% |