Q4 2025 Holdings
Filed 2026-02-13 | 128 holdings | $905.8M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Southstate BK Corp(SSB) | COM | 84472E102 | $76.5M | 813,033 | 8.4% |
| Hometrust Bancshares Inc(HTB) | COM | 437872104 | $72.7M | 1,693,553 | 8.0% |
| Equity Bancshares Inc(EQBK) | COM CL A | 29460X109 | $54.7M | 1,225,687 | 6.0% |
| Seacoast BKG Corp FLA(SBCF) | COM NEW | 811707801 | $42.8M | 1,361,677 | 4.7% |
| Southern First Bancshares(SFST) | COM | 842873101 | $41.6M | 807,223 | 4.6% |
| Western Alliance Bancorp(WAL) | COM | 957638109 | $36.4M | 432,672 | 4.0% |
| Old Second Bancorp Inc ILL(OSBC) | COM | 680277100 | $35.7M | 1,829,665 | 3.9% |
| RBB Bancorp(RBB) | COM | 74930B105 | $31.2M | 1,511,408 | 3.4% |
| Midwestone Finl Group Inc NE(MOFG) | COM | 598511103 | $30.7M | 797,816 | 3.4% |
| Webster Finl Corp(WBS) | COM | 947890109 | $24.2M | 384,743 | 2.7% |
| First Merchants Corp(FRME) | COM | 320817109 | $23.7M | 633,668 | 2.6% |
| California Bancorp(BCAL) | COM | 84252A106 | $23.7M | 1,271,636 | 2.6% |
| US Bancorp del(USB) | COM NEW | 902973304 | $19.9M | 373,433 | 2.2% |
| Horizon Bancorp Inc(HBNC) | COM | 440407104 | $18.4M | 1,083,840 | 2.0% |
| Southern MO Bancorp Inc(SMBC) | COM | 843380106 | $17.8M | 300,944 | 2.0% |
| Eastern Bankshares Inc(EBC) | COM | 27627N105 | $17.1M | 926,841 | 1.9% |
| Independent BK Corp Mass(INDB) | COM | 453836108 | $16.8M | 230,533 | 1.9% |
| Old Natl Bancorp IND(ONB) | COM | 680033107 | $16.0M | 717,018 | 1.8% |
| Zions Bancorporation N A(ZION) | COM | 989701107 | $14.0M | 239,124 | 1.5% |
| Morgan Stanley(MS) | COM NEW | 617446448 | $13.3M | 74,759 | 1.5% |
| Independent BK Corp Mich(IBCP) | COM NEW | 453838609 | $12.5M | 385,088 | 1.4% |
| Wesbanco Inc(WSBC) | COM | 950810101 | $11.5M | 347,136 | 1.3% |
| QCR Holdings Inc(QCRH) | COM | 74727A104 | $11.1M | 132,898 | 1.2% |
| Chain Bridge Bancorp Inc(CBNA) | CL A | 15746L100 | $10.2M | 293,788 | 1.1% |
| Avidia Bancorp Inc(AVBC) | COMMON STOCK | 05369T100 | $8.4M | 497,258 | 0.9% |
| John Marshall Bancorp Inc(JMSB) | COM | 47805L101 | $8.3M | 412,945 | 0.9% |
| Skyward Specialty INS Group(SKWD) | COM | 830940102 | $7.4M | 144,736 | 0.8% |
| Stifel Finl Corp(SF) | COM | 860630102 | $7.3M | 58,497 | 0.8% |
| Newmark Group Inc(NMRK) | CL A | 65158N102 | $7.3M | 418,973 | 0.8% |
| Hanover INS Group Inc(THG) | COM | 410867105 | $6.8M | 37,427 | 0.8% |
| Hawthorn Bancshares Inc(HWBK) | COM | 420476103 | $6.7M | 190,710 | 0.7% |
| Townebank Portsmouth VA(TOWN) | COM | 89214P109 | $6.1M | 182,586 | 0.7% |
| Exzeo Group Inc(XZO) | COM SHS | 30234F101 | $5.8M | 237,856 | 0.6% |
| Cincinnati Finl Corp(CINF) | COM | 172062101 | $5.4M | 32,836 | 0.6% |
| CME Group Inc(CME) | COM | 12572Q105 | $5.2M | 19,187 | 0.6% |
| CVB Finl Corp(CVBF) | COM | 126600105 | $5.1M | 275,132 | 0.6% |
| Acadia Rlty TR(AKR) | COM SH BEN INT | 004239109 | $5.1M | 247,622 | 0.6% |
| Linkbancorp Inc(LNKB) | COM | 53578P105 | $4.9M | 596,930 | 0.5% |
| Globe Life Inc(GL) | COM | 37959E102 | $4.9M | 35,065 | 0.5% |
| Reinsurance GRP of America I(RGA) | COM NEW | 759351604 | $4.8M | 23,361 | 0.5% |
| P10 Inc(RPC) | COM CL A | 69376K106 | $4.5M | 457,474 | 0.5% |
| Trico Bancshares(TCBK) | COM | 896095106 | $4.4M | 92,492 | 0.5% |
| German Amern Bancorp Inc(GABC) | COM | 373865104 | $4.3M | 109,019 | 0.5% |
| Wealthfront Corp(WLTH) | COM | 947002101 | $4.3M | 314,187 | 0.5% |
| LXP Industrial Trust(LXP) | COM | 529043408 | $4.1M | 83,499 | 0.5% |
| Jones Lang Lasalle Inc(JLL) | COM | 48020Q107 | $4.0M | 11,774 | 0.4% |
| Welltower Inc(WELL) | COM | 95040Q104 | $3.9M | 20,975 | 0.4% |
| Hoyne Bancorp Inc(HYNE) | COM | 44326H107 | $3.8M | 261,000 | 0.4% |
| Pennymac Finl Svcs Inc New(PFSI) | COM | 70932M107 | $3.8M | 28,562 | 0.4% |
| Etoro Group LTD(ETOR) | SHS CL A | G32089107 | $3.7M | 104,861 | 0.4% |