Q4 2025 Holdings
Filed 2026-02-09 | 41 holdings | $359.4M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| California Bancorp(BCAL) | COM | 84252A106 | $33.0M | 1,765,077 | 9.2% |
| Southern First Bancshares(SFST) | COM | 842873101 | $30.2M | 586,014 | 8.4% |
| QCR Holdings Inc(QCRH) | COM | 74727A104 | $27.4M | 328,497 | 7.6% |
| Uscb Financial Holdings Inc(USCB) | CLASS A COM | 90355N101 | $19.5M | 1,057,369 | 5.4% |
| Coastal Finl Corp WA(CCB) | COM NEW | 19046P209 | $18.6M | 161,924 | 5.2% |
| Avidbank Hldgs Inc(AVBH) | COM | 05368J103 | $18.5M | 697,886 | 5.2% |
| Fvcbankcorp Inc(FVCB) | COM | 36120Q101 | $18.1M | 1,303,854 | 5.0% |
| Valley Natl Bancorp(VLY) | COM | 919794107 | $15.1M | 1,296,618 | 4.2% |
| Oceanfirst Finl Corp(OCFC) | COM | 675234108 | $14.4M | 799,997 | 4.0% |
| Old Natl Bancorp IND(ONB) | COM | 680033107 | $13.2M | 591,920 | 3.7% |
| Figure Technology Solutio(FIGR) | COM CL A | 349381103 | $13.2M | 322,851 | 3.7% |
| Civista Bancshares Inc(CIVB) | COM NO PAR | 178867107 | $12.2M | 548,213 | 3.4% |
| Alerus Finl Corp(ALRS) | COM | 01446U103 | $11.6M | 516,532 | 3.2% |
| Virginia Natl Bankshares COR(VABK) | COM | 928031103 | $10.4M | 261,523 | 2.9% |
| Origin Bancorp Inc(OBK) | COM | 68621T102 | $10.4M | 276,308 | 2.9% |
| Enterprise Finl Svcs Corp(EFSC) | COM | 293712105 | $10.0M | 185,240 | 2.8% |
| Banc of California Inc(BANC) | COM | 05990K106 | $8.9M | 463,243 | 2.5% |
| First Mid ILL Bancshares Inc(FMBH) | COM | 320866106 | $8.1M | 208,719 | 2.3% |
| Univest Financial Corporatio(UVSP) | COM | 915271100 | $8.1M | 246,703 | 2.2% |
| Coastalsouth Bancshares Inc(COSO) | COM NEW | 19058X207 | $7.8M | 336,840 | 2.2% |
| Burke Herbert Finl Svcs Corp(BHRB) | COM | 12135Y108 | $7.8M | 125,323 | 2.2% |
| Eastern Bankshares Inc(EBC) | COM | 27627N105 | $7.0M | 377,776 | 1.9% |
| National BK Hldgs Corp(NBHC) | CL A | 633707104 | $6.7M | 175,198 | 1.9% |
| MVB Finl Corp(MVBF) | COM | 553810102 | $4.9M | 188,019 | 1.4% |
| Byline Bancorp Inc(BY) | COM | 124411109 | $4.5M | 155,140 | 1.3% |
| Central Bancompany(CBC) | COM CL A | 152413100 | $4.0M | 166,437 | 1.1% |
| Finward Bancorp(FNWD) | COM | 31812F109 | $3.5M | 99,543 | 1.0% |
| Connectone Bancorp Inc(CNOB) | COM | 20786W107 | $3.4M | 128,972 | 0.9% |
| NBT Bancorp Inc(NBTB) | COM | 628778102 | $3.0M | 72,671 | 0.8% |
| Chain Bridge Bancorp Inc(CBNA) | CL A | 15746L100 | $2.7M | 79,266 | 0.8% |
| Flagstar Financial Inc(FLG) | COM NEW | 649445400 | $1.0M | 80,531 | 0.3% |
| CB Finl Svcs Inc(CBFV) | COM | 12479G101 | $935.9K | 26,846 | 0.3% |
| Northfield Bancorp Inc del(NFBK) | COM | 66611T108 | $479.4K | 41,940 | 0.1% |
| East West Bancorp Inc(EWBC) | COM | 27579R104 | $452.8K | 4,029 | 0.1% |
| Huntington Bancshares Inc(HBAN) | COM | 446150104 | $344.5K | 19,853 | 0.1% |