Q2 2025 Holdings
Filed 2025-08-13 | 39 holdings | $290.6M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| California Bancorp(BCAL) | COM | 84252A106 | $37.9M | 2,407,564 | 13.1% |
| Coastal Finl Corp WA(CCB) | COM NEW | 19046P209 | $30.2M | 311,495 | 10.4% |
| Southern First Bancshares(SFST) | COM | 842873101 | $22.4M | 589,016 | 7.7% |
| Uscb Financial Holdings Inc(USCB) | CLASS A COM | 90355N101 | $20.5M | 1,240,949 | 7.1% |
| Fvcbankcorp Inc(FVCB) | COM | 36120Q101 | $16.0M | 1,359,152 | 5.5% |
| QCR Holdings Inc(QCRH) | COM | 74727A104 | $15.0M | 221,076 | 5.2% |
| Oceanfirst Finl Corp(OCFC) | COM | 675234108 | $13.3M | 755,628 | 4.6% |
| Valley Natl Bancorp(VLY) | COM | 919794107 | $12.5M | 1,397,399 | 4.3% |
| Alerus Finl Corp(ALRS) | COM | 01446U103 | $11.1M | 513,935 | 3.8% |
| Old Natl Bancorp IND(ONB) | COM | 680033107 | $10.8M | 506,761 | 3.7% |
| First Mid ILL Bancshares Inc(FMBH) | COM | 320866106 | $9.6M | 254,790 | 3.3% |
| Virginia Natl Bankshares COR(VABK) | COM | 928031103 | $9.3M | 250,922 | 3.2% |
| Banc of California Inc(BANC) | COM | 05990K106 | $9.1M | 647,058 | 3.1% |
| Univest Financial Corporatio(UVSP) | COM | 915271100 | $7.7M | 256,631 | 2.7% |
| Amerant Bancorp Inc(AMTB) | CL A | 023576101 | $7.1M | 391,671 | 2.5% |
| East West Bancorp Inc(EWBC) | COM | 27579R104 | $5.3M | 52,798 | 1.8% |
| Orange Cnty Bancorp Inc(OBT) | COM | 68417L107 | $5.1M | 198,200 | 1.8% |
| Eastern Bankshares Inc(EBC) | COM | 27627N105 | $5.0M | 326,277 | 1.7% |
| Chain Bridge Bancorp Inc(CBNA) | CL A | 15746L100 | $4.6M | 177,031 | 1.6% |
| MVB Finl Corp(MVBF) | COM | 553810102 | $4.2M | 188,019 | 1.5% |
| Byline Bancorp Inc(BY) | COM | 124411109 | $4.0M | 150,000 | 1.4% |
| Enterprise Finl Svcs Corp(EFSC) | COM | 293712105 | $3.9M | 70,753 | 1.3% |
| Burke Herbert Finl Svcs Corp(BHRB) | COM | 12135Y108 | $3.7M | 61,913 | 1.3% |
| Veritex Hldgs Inc(VBTX) | COM | 923451108 | $3.7M | 140,192 | 1.3% |
| NBT Bancorp Inc(NBTB) | COM | 628778102 | $3.4M | 81,121 | 1.2% |
| CB Finl Svcs Inc(CBFV) | COM | 12479G101 | $3.2M | 111,416 | 1.1% |
| Finward Bancorp(FNWD) | COM | 31812F109 | $2.7M | 99,543 | 0.9% |
| Five Star Bancorp(FSBC) | COM | 33830T103 | $2.7M | 93,279 | 0.9% |
| Seacoast BKG Corp FLA(SBCF) | COM NEW | 811707801 | $2.4M | 85,671 | 0.8% |
| National BK Hldgs Corp(NBHC) | CL A | 633707104 | $1.6M | 41,680 | 0.5% |
| Huntington Bancshares Inc(HBAN) | COM | 446150104 | $957.1K | 57,109 | 0.3% |
| Flagstar Financial Inc(FLG) | COM NEW | 649445400 | $853.6K | 80,531 | 0.3% |
| Northfield Bancorp Inc del(NFBK) | COM | 66611T108 | $481.5K | 41,940 | 0.2% |
| Origin Bancorp Inc(OBK) | COM | 68621T102 | $287.9K | 8,054 | 0.1% |