Q2 2025 Holdings
Filed 2025-08-14 | 98 holdings | $509.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Orrstown Finl Svcs Inc(ORRF) | COM | 687380105 | $40.1M | 1,258,740 | 7.9% |
| California Bancorp(BCAL) | COM | 84252A106 | $34.5M | 2,189,671 | 6.8% |
| Choiceone Finl Svcs Inc(COFS) | COM | 170386106 | $32.8M | 1,142,959 | 6.4% |
| Community West Bancshares NE(CWBC) | COM | 203937107 | $30.7M | 1,573,924 | 6.0% |
| Financial Instns Inc(FISI) | COM | 317585404 | $21.7M | 846,661 | 4.3% |
| First Natl Corp(FXNC) | COM | 32106V107 | $16.1M | 828,313 | 3.2% |
| Meridian Corporation(MRBK) | COM | 58958P104 | $14.0M | 1,084,319 | 2.7% |
| First Cmnty Corp S C(FCCO) | COM | 319835104 | $13.6M | 559,185 | 2.7% |
| Franklin Finl Svcs Corp(FRAF) | COM | 353525108 | $13.0M | 375,872 | 2.6% |
| BV Finl Inc(BVFL) | COM NEW | 05603E208 | $12.8M | 842,560 | 2.5% |
| Eagle Bancorp Inc MD(EGBN) | COM | 268948106 | $12.6M | 644,930 | 2.5% |
| Carter Bankshares Inc(CARE) | COM NEW | 146103106 | $10.1M | 583,893 | 2.0% |
| CF Bankshares Inc(CFBK) | COM | 12520L109 | $10.1M | 421,191 | 2.0% |
| Atlantic UN Bankshares Corp(AUB) | COM | 04911A107 | $10.1M | 321,400 | 2.0% |
| Colony Bankcorp Inc(CBAN) | COM | 19623P101 | $10.0M | 608,709 | 2.0% |
| Bankwell Finl Group Inc(BWFG) | COM | 06654A103 | $9.6M | 266,865 | 1.9% |
| Metropolitan BK Hldg Corp(MCB) | COM | 591774104 | $9.1M | 129,634 | 1.8% |
| Shore Bancshares Inc(SHBI) | COM | 825107105 | $8.9M | 566,926 | 1.7% |
| Fvcbankcorp Inc(FVCB) | COM | 36120Q101 | $8.7M | 734,650 | 1.7% |
| Eagle Finl Svcs Inc(EFSI) | COM | 26951R104 | $8.6M | 281,262 | 1.7% |
| First Northwest Bancorp(FNWB) | COM | 335834107 | $7.2M | 937,390 | 1.4% |
| Kearny Finl Corp MD(KRNY) | COM | 48716P108 | $7.2M | 1,109,666 | 1.4% |
| Burke Herbert Finl Svcs Corp(BHRB) | COM | 12135Y108 | $6.8M | 113,508 | 1.3% |
| Hanover Bancorp Inc(HNVR) | COM | 410709109 | $6.7M | 292,273 | 1.3% |
| Wesbanco Inc(WSBC) | COM | 950810101 | $6.6M | 208,300 | 1.3% |
| Mainstreet Bancshares Inc(MNSB) | COM | 56064Y100 | $6.4M | 338,085 | 1.3% |
| Bank Marin Bancorp(BMRC) | COM | 063425102 | $6.3M | 276,578 | 1.2% |
| Primis Financial Corp(FRST) | COM | 74167B109 | $6.3M | 576,260 | 1.2% |
| Orange Cnty Bancorp Inc(OBT) | COM | 68417L107 | $6.2M | 240,308 | 1.2% |
| MVB Finl Corp(MVBF) | COM | 553810102 | $5.8M | 259,356 | 1.1% |
| Western New ENG Bancorp Inc(WNEB) | COM | 958892101 | $5.0M | 540,508 | 1.0% |
| Southern First Bancshares(SFST) | COM | 842873101 | $4.9M | 129,174 | 1.0% |
| Connectone Bancorp Inc(CNOB) | COM | 20786W107 | $4.8M | 208,060 | 0.9% |
| United SEC Bancshares Calif(UBFO) | COM | 911460103 | $4.3M | 497,500 | 0.8% |
| Parke Bancorp Inc(PKBK) | COM | 700885106 | $4.1M | 200,838 | 0.8% |
| First Internet Bancorp(INBK) | COM | 320557101 | $3.9M | 145,141 | 0.8% |
| OAK VY Bancorp Oakdale Calif(OVLY) | COM | 671807105 | $3.9M | 141,400 | 0.8% |
| Riverview Bancorp Inc(RVSB) | COM | 769397100 | $3.8M | 682,930 | 0.7% |
| Citizens Cmnty Bancorp Inc M(CZWI) | COM | 174903104 | $3.5M | 252,793 | 0.7% |
| OP Bancorp(OPBK) | COM | 67109R109 | $3.4M | 263,790 | 0.7% |
| First Fndtn Inc(FFWM) | COM | 32026V104 | $3.4M | 670,016 | 0.7% |
| Bank of the James Finl GP in(BOTJ) | COM | 470299108 | $3.2M | 225,618 | 0.6% |
| Valley Natl Bancorp(VLY) | COM | 919794107 | $3.2M | 355,200 | 0.6% |
| Dime Cmnty Bancshares Inc(DCOM) | COM | 25432X102 | $3.1M | 116,100 | 0.6% |
| Flushing Finl Corp(FFIC) | COM | 343873105 | $3.1M | 258,075 | 0.6% |
| First UTD Corp(FUNC) | COM | 33741H107 | $3.0M | 95,617 | 0.6% |
| Webster Finl Corp(WBS) | COM | 947890109 | $2.9M | 53,200 | 0.6% |
| RBB Bancorp(RBB) | COM | 74930B105 | $2.8M | 164,468 | 0.6% |
| Eagle Bancorp Mont Inc(EBMT) | COM | 26942G100 | $2.6M | 154,242 | 0.5% |
| Linkbancorp Inc(LNKB) | COM | 53578P105 | $2.4M | 327,439 | 0.5% |