Q4 2025 Holdings
Filed 2026-02-13 | 32 holdings | $179.5M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Sprott Inc(SII) | COM NEW | 852066208 | $16.2M | 165,467 | 9.0% |
| Quinstreet Inc(QNST) | COM | 74874Q100 | $13.4M | 932,500 | 7.5% |
| Gold COM Inc(GOLD) | COM | 00181T107 | $10.2M | 300,000 | 5.7% |
| Coastal Finl Corp WA(CCB) | COM NEW | 19046P209 | $10.1M | 88,449 | 5.6% |
| Allstate Corp(ALL) | COM | 020002101 | $10.1M | 48,500 | 5.6% |
| QCR Holdings Inc(QCRH) | COM | 74727A104 | $9.1M | 109,694 | 5.1% |
| Mediaalpha Inc(MAX) | CL A | 58450V104 | $9.1M | 705,299 | 5.1% |
| Northpointe Bancshares Inc.(NPB) | COM SHS | 66661N886 | $8.0M | 475,000 | 4.4% |
| Commercial Bancgroup Inc(CBK) | COM | 20112C106 | $7.9M | 320,000 | 4.4% |
| First Ctzns Bancshares Inc D(FCNCA) | CL A | 31946M103 | $7.5M | 3,500 | 4.2% |
| Servisfirst Bancshares Inc(SFBS) | COM | 81768T108 | $7.2M | 100,000 | 4.0% |
| First Westn Finl Inc(MYFW) | COM | 33751L105 | $7.2M | 267,740 | 4.0% |
| National BK Hldgs Corp(NBHC) | CL A | 633707104 | $7.0M | 185,000 | 3.9% |
| Popular Inc(BPOP) | COM NEW | 733174700 | $6.2M | 50,000 | 3.5% |
| Old Second Bancorp Inc ILL(OSBC) | COM | 680277100 | $5.5M | 281,477 | 3.1% |
| Choiceone Finl Svcs Inc(COFS) | COM | 170386106 | $4.8M | 163,897 | 2.7% |
| Horizon Bancorp Inc(HBNC) | COM | 440407104 | $4.5M | 265,000 | 2.5% |
| PB Bankshares Inc(PBBK) | COM | 69318V103 | $4.3M | 204,218 | 2.4% |
| Everquote Inc(EVER) | COM CL A | 30041R108 | $3.6M | 134,481 | 2.0% |
| Avidbank Hldgs Inc(AVBH) | COM | 05368J103 | $3.6M | 135,000 | 2.0% |
| OFG Bancorp(OFG) | COM | 67103X102 | $3.3M | 79,330 | 1.8% |
| Trico Bancshares(TCBK) | COM | 896095106 | $3.2M | 67,500 | 1.8% |
| FB Finl Corp(FBK) | COM | 30257X104 | $2.8M | 50,000 | 1.6% |
| Central Bancompany(CBC) | COM CL A | 152413100 | $2.7M | 110,000 | 1.5% |
| Angel OAK Mortgage REIT Inc(AOMR) | COM | 03464Y108 | $2.5M | 287,500 | 1.4% |
| Heritage Comm Corp(HTBK) | COM | 426927109 | $2.4M | 200,000 | 1.3% |
| Progressive Corp(PGR) | COM | 743315103 | $1.7M | 7,500 | 1.0% |
| Green DOT Corp(GDOT) | CL A | 39304D102 | $1.3M | 104,536 | 0.7% |
| Blue Ridge Bankshares Inc VA(BRBS) | COM | 095825105 | $1.2M | 287,378 | 0.7% |
| UWM Holdings Corporation(UWMC) | COM CL A | 91823B109 | $1.1M | 259,000 | 0.6% |
| CVB Finl Corp(CVBF) | COM | 126600105 | $1.0M | 54,529 | 0.6% |
| Triumph Financial Inc(TFIN) | COM | 89679E300 | $720.1K | 11,497 | 0.4% |