Q3 2025 Holdings
Filed 2025-11-07 | 41 holdings | $330.6M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| California Bancorp(BCAL) | COM | 84252A106 | $37.7M | 2,262,312 | 11.4% |
| Southern First Bancshares(SFST) | COM | 842873101 | $25.9M | 586,014 | 7.8% |
| Uscb Financial Holdings Inc(USCB) | CLASS A COM | 90355N101 | $21.8M | 1,247,211 | 6.6% |
| QCR Holdings Inc(QCRH) | COM | 74727A104 | $20.2M | 266,465 | 6.1% |
| Coastal Finl Corp WA(CCB) | COM NEW | 19046P209 | $18.5M | 171,424 | 5.6% |
| Avidbank Hldgs Inc(AVBH) | COM | 05368J103 | $17.8M | 697,886 | 5.4% |
| Fvcbankcorp Inc(FVCB) | COM | 36120Q101 | $17.5M | 1,346,483 | 5.3% |
| Oceanfirst Finl Corp(OCFC) | COM | 675234108 | $15.8M | 897,091 | 4.8% |
| Valley Natl Bancorp(VLY) | COM | 919794107 | $15.6M | 1,474,241 | 4.7% |
| Alerus Finl Corp(ALRS) | COM | 01446U103 | $11.4M | 513,935 | 3.4% |
| Civista Bancshares Inc(CIVB) | COM NO PAR | 178867107 | $11.1M | 548,213 | 3.4% |
| Figure Technology Solutio(FIGR) | COM CL A | 349381103 | $10.7M | 294,711 | 3.2% |
| Banc of California Inc(BANC) | COM | 05990K106 | $10.7M | 647,058 | 3.2% |
| Virginia Natl Bankshares COR(VABK) | COM | 928031103 | $10.1M | 260,784 | 3.1% |
| Old Natl Bancorp IND(ONB) | COM | 680033107 | $9.6M | 436,823 | 2.9% |
| Univest Financial Corporatio(UVSP) | COM | 915271100 | $7.7M | 257,112 | 2.3% |
| Eastern Bankshares Inc(EBC) | COM | 27627N105 | $7.6M | 417,056 | 2.3% |
| Coastalsouth Bancshares Inc(COSO) | COM NEW | 19058X207 | $7.3M | 336,940 | 2.2% |
| First Mid ILL Bancshares Inc(FMBH) | COM | 320866106 | $7.1M | 188,278 | 2.2% |
| Origin Bancorp Inc(OBK) | COM | 68621T102 | $6.6M | 191,496 | 2.0% |
| Burke Herbert Finl Svcs Corp(BHRB) | COM | 12135Y108 | $6.3M | 102,722 | 1.9% |
| Enterprise Finl Svcs Corp(EFSC) | COM | 293712105 | $5.1M | 88,314 | 1.5% |
| MVB Finl Corp(MVBF) | COM | 553810102 | $4.7M | 188,019 | 1.4% |
| Byline Bancorp Inc(BY) | COM | 124411109 | $4.3M | 156,817 | 1.3% |
| Chain Bridge Bancorp Inc(CBNA) | CL A | 15746L100 | $3.7M | 114,447 | 1.1% |
| Finward Bancorp(FNWD) | COM | 31812F109 | $3.2M | 99,543 | 1.0% |
| NBT Bancorp Inc(NBTB) | COM | 628778102 | $3.0M | 72,771 | 0.9% |
| East West Bancorp Inc(EWBC) | COM | 27579R104 | $1.8M | 16,941 | 0.5% |
| Connectone Bancorp Inc(CNOB) | COM | 20786W107 | $1.8M | 72,036 | 0.5% |
| CB Finl Svcs Inc(CBFV) | COM | 12479G101 | $1.7M | 51,783 | 0.5% |
| Five Star Bancorp(FSBC) | COM | 33830T103 | $1.5M | 47,579 | 0.5% |
| Flagstar Financial Inc(FLG) | COM NEW | 649445400 | $930.1K | 80,531 | 0.3% |
| Huntington Bancshares Inc(HBAN) | COM | 446150104 | $767.2K | 44,421 | 0.2% |
| Northfield Bancorp Inc del(NFBK) | COM | 66611T108 | $494.9K | 41,940 | 0.1% |
| Seacoast BKG Corp FLA(SBCF) | COM NEW | 811707801 | $355.7K | 11,688 | 0.1% |