Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$1.09B in Q2 2013 → $150M now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Coastalsouth Bancshares Inc | 3.5% | Unchanged | 192,676 | $5.17M |
| SF Simmons First Natl Corp | 3.4% | Trimmed 8.1% | 224,842 | $5.09M |
| First Busey Corp | 2.9% | Trimmed 3.5% | 149,404 | $4.41M |
| MB Metropolitan Bk Hldg Corp | 2.9% | Trimmed 3.9% | 43,477 | $4.29M |
| VN Valley Natl Bancorp | 2.8% | Trimmed 12% | 283,082 | $4.15M |
| Banc Of California Inc | 2.8% | Trimmed 15% | 202,967 | $4.15M |
| GF Genworth Finl Inc | 2.7% | Trimmed 10% | 428,000 | $4.05M |
| Wesbanco Inc | 2.7% | Trimmed 9.1% | 102,453 | $4M |
| Beacon Financial Corp. | 2.6% | Trimmed 13% | 128,480 | $3.91M |
| Commercial Bancgroup Inc | 2.6% | Trimmed 25% | 119,725 | $3.87M |
| FC Firstsun Cap Bancorp | 2.5% | New | 96,926 | $3.76M |
| Primis Financial Corp | 2.5% | Added 20% | 228,204 | $3.74M |
| CF Cnb Finl Corp Pa | 2.5% | Trimmed 3.6% | 109,058 | $3.68M |
| AH Avidbank Hldgs Inc | 2.4% | Trimmed 3.7% | 109,350 | $3.61M |
| CH Cannae Hldgs Inc | 2.4% | Added 25% | 250,000 | $3.6M |
| EC Encore Cap Group Inc | 2.4% | Trimmed 16% | 38,000 | $3.55M |
| OS Old Second Bancorp Inc Del | 2.4% | Added 0.1% | 151,358 | $3.53M |
| 1F 1st Finl Bancorp | 2.3% | Trimmed 10% | 102,637 | $3.47M |
| Bridgewater Bancshares Inc | 2.3% | Trimmed 9.3% | 164,752 | $3.47M |
| Northpointe Bancshares Inc. | 2.3% | Trimmed 28% | 177,121 | $3.4M |
| Southern First Bancshares | 2.2% | New | 54,318 | $3.32M |
| Rbb Bancorp | 2.0% | Added 0.4% | 109,258 | $3M |
| First Horizon Corporation | 2.0% | Trimmed 20% | 115,389 | $2.96M |
| CO Capital One Finl Corp | 2.0% | Trimmed 9.7% | 14,690 | $2.95M |
| Jefferson Capital Inc | 1.9% | Trimmed 15% | 145,387 | $2.83M |
| Bankunited Inc | 1.9% | Trimmed 3.6% | 57,806 | $2.8M |
| ON Old Natl Bancorp Ind | 1.9% | Trimmed 9.1% | 106,817 | $2.77M |
| NI Neptune Ins Hldgs Inc | 1.8% | Added 12% | 83,554 | $2.63M |
| OC Orange Cnty Bancorp Inc | 1.7% | Trimmed 13% | 70,543 | $2.59M |
| CF Corebridge Finl Inc | 1.7% | Unchanged | 89,937 | $2.57M |
| Barclays PLC | 1.7% | Unchanged | 94,200 | $2.53M |
| FC First Ctzns Bancshares Inc D | 1.7% | Trimmed 33% | 1,215 | $2.53M |
| PF Provident Finl Svcs Inc | 1.7% | Trimmed 21% | 105,418 | $2.49M |
| CC Coca Cola Cons Inc | 1.6% | Unchanged | 12,250 | $2.34M |
| OH Oppenheimer Hldgs Inc | 1.4% | Unchanged | 20,000 | $2.11M |
| Onespan Inc | 1.2% | Unchanged | 130,001 | $1.87M |
| BR Blue Ridge Bankshares Inc Va | 1.1% | Trimmed 9.7% | 473,353 | $1.67M |
| EH Equitable Hldgs Inc | 1.1% | Unchanged | 37,400 | $1.64M |
| Wex Inc | 1.0% | Added 16% | 10,800 | $1.52M |
| Kb Home | 1.0% | Unchanged | 24,000 | $1.5M |
| Customers Bancorp Inc | 0.9% | Trimmed 26% | 16,331 | $1.29M |
| Carter Bankshares Inc | 0.8% | Trimmed 64% | 36,001 | $1.22M |
| Green Dot Corp | 0.8% | Trimmed 46% | 87,913 | $1.19M |
| Wix Com Ltd | 0.7% | Unchanged | 24,000 | $1.09M |
| HH Hilltop Hldgs Inc | 0.7% | Unchanged | 25,400 | $985K |
| Popular Inc | 0.6% | Trimmed 2.2% | 5,627 | $924K |
| CF Coastal Finl Corp Wa | 0.6% | Trimmed 3.4% | 11,853 | $919K |
| Hackett Group Inc | 0.6% | Unchanged | 85,000 | $915K |
| Connectone Bancorp Inc | 0.6% | Trimmed 2.2% | 26,726 | $894K |
| RC Rocket Cos Inc | 0.6% | New | 55,000 | $866K |
| Nb Bancorp Inc | 0.6% | Trimmed 1.7% | 40,751 | $861K |
| Hometrust Bancshares Inc | 0.6% | Trimmed 71% | 17,203 | $858K |
| Red Rock Resorts Inc | 0.6% | Unchanged | 12,955 | $843K |
| Optimum Communications Inc | 0.5% | New | 500,000 | $725K |
| EF Eagle Finl Svcs Inc | 0.5% | Trimmed 31% | 16,399 | $680K |
| West Fraser Timber Ltd | 0.5% | Unchanged | 10,000 | $677K |
| Associated Banc-corp | 0.4% | New | 20,000 | $615K |
| WF Wintrust Finl Corp | 0.4% | Trimmed 2.5% | 3,801 | $611K |
| Five Star Bancorp | 0.4% | Trimmed 80% | 11,952 | $582K |
| TF Truist Finl Corp | 0.4% | Trimmed 3.5% | 11,572 | $577K |
Showing top 60 of 72 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FC Firstsun Cap Bancorp | New | +96,926 | +$3.76M | 2.5% |
| Southern First Bancshares | New | +54,318 | +$3.32M | 2.2% |
| Five Star Bancorp | Trimmed | −47,574 | −$2.32M | 0.4% |
| Carter Bankshares Inc | Trimmed | −62,757 | −$2.13M | 0.8% |
| Hometrust Bancshares Inc | Trimmed | −42,297 | −$2.11M | 0.6% |
| Chain Bridge Bancorp Inc | Exited | −56,494 | −$1.97M | — |
| Northpointe Bancshares Inc. | Trimmed | −67,986 | −$1.3M | 2.3% |
| Commercial Bancgroup Inc | Trimmed | −39,382 | −$1.27M | 2.6% |
| FC First Ctzns Bancshares Inc D | Trimmed | −586 | −$1.22M | 1.7% |
| Green Dot Corp | Trimmed | −75,000 | −$1.01M | 0.8% |
Showing the 10 largest of 57 changes.
quarter ended March 31, 2026 · filed May 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Coastalsouth Bancshares Inc | Trimmed | −737,495 | −$18.1M | 3.3% |
| FF First Fndtn Inc | Exited | −720,621 | −$4.44M | — |
| MB Metropolitan Bk Hldg Corp | New | +45,250 | +$3.77M | 2.7% |
| Nb Bancorp Inc | Trimmed | −133,522 | −$2.81M | 0.6% |
| Central Bancompany | Exited | −100,600 | −$2.43M | — |
| Rbb Bancorp | New | +108,857 | +$2.33M | 1.6% |
| NI Neptune Ins Hldgs Inc | Trimmed | −92,199 | −$2.23M | 1.3% |
| Wix Com Ltd | New | +24,000 | +$2.16M | 1.5% |
| BH Burke Herbert Finl Svcs Corp | Exited | −32,618 | −$2.03M | — |
| WF Webster Finl Corp | Exited | −31,950 | −$2.01M | — |
Showing the 10 largest of 63 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Acadian Asset Management Inc | Trimmed | −110,900 | −$5.21M | 0.1% |
| NI Neptune Ins Hldgs Inc | New | +166,652 | +$4.86M | 2.8% |
| Commercial Bancgroup Inc | New | +160,335 | +$3.94M | 2.2% |
| EF Eagle Finl Svcs Inc | Trimmed | −73,908 | −$2.94M | 1.0% |
| Primis Financial Corp | New | +175,000 | +$2.43M | 1.4% |
| Central Bancompany | New | +100,600 | +$2.43M | 1.4% |
| CF Cnb Finl Corp Pa | New | +85,000 | +$2.22M | 1.3% |
| Horizon Bancorp Inc | Trimmed | −116,976 | −$1.98M | 0.2% |
| Renasant Corp | Trimmed | −55,178 | −$1.94M | 0.2% |
| TP Townebank Portsmouth Va | Exited | −53,821 | −$1.86M | — |
Showing the 10 largest of 67 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Coastalsouth Bancshares Inc | New | +930,171 | +$20.3M | 11.8% |
| S1 Simmons 1st Natl Corp | New | +225,805 | +$4.33M | 2.5% |
| AH Avidbank Hldgs Inc | New | +110,855 | +$2.83M | 1.6% |
| FF First Fndtn Inc | Added | +481,291 | +$2.68M | 2.1% |
| Bankunited Inc | New | +62,414 | +$2.38M | 1.4% |
| Jefferson Capital Inc | New | +135,400 | +$2.34M | 1.4% |
| VH Veritex Hldgs Inc | Exited | −80,699 | −$2.11M | — |
| Barclays PLC | Trimmed | −94,000 | −$1.94M | 1.1% |
| TP Townebank Portsmouth Va | New | +53,821 | +$1.86M | 1.1% |
| Civista Bancshares Inc | New | +86,787 | +$1.76M | 1.0% |
Showing the 10 largest of 68 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| FB First Bancshares Inc Miss | Exited | −106,149 | −$3.59M | — |
| MF Midwestone Finl Group Inc Ne | Exited | −115,207 | −$3.41M | — |
| DC Dime Cmnty Bancshares Inc | Exited | −116,305 | −$3.24M | — |
| OC Orange Cnty Bancorp Inc | New | +113,938 | +$2.94M | 2.3% |
| Renasant Corp | New | +80,907 | +$2.91M | 2.3% |
| WT Washington Tr Bancorp Inc | Exited | −89,265 | −$2.75M | — |
| First Horizon Corporation | Trimmed | −114,880 | −$2.44M | 3.0% |
| BH Berkshire Hills Bancorp Inc | Trimmed | −95,809 | −$2.4M | 1.7% |
| VN Valley Natl Bancorp | Trimmed | −224,140 | −$2M | 2.9% |
| Pacific Premier Bancorp | Trimmed | −93,235 | −$1.97M | 0.2% |
Showing the 10 largest of 66 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EF Eagle Finl Svcs Inc | New | +158,415 | +$5.19M | 3.3% |
| BH Berkshire Hills Bancorp Inc | New | +181,183 | +$4.73M | 3.0% |
| First Busey Corp | New | +201,168 | +$4.35M | 2.8% |
| Northpointe Bancshares Inc. | New | +258,933 | +$3.74M | 2.4% |
| Wesbanco Inc | Added | +117,447 | +$3.64M | 3.7% |
| Premier Financial Corp | Exited | −135,905 | −$3.48M | — |
| SS SPDR Ser Tr | Exited | −56,853 | −$3.43M | — |
| FI Financial Instns Inc | Exited | −123,691 | −$3.38M | — |
| TF Truist Finl Corp | New | +74,250 | +$3.06M | 1.9% |
| EF Enterprise Finl Svcs Corp | Exited | −42,290 | −$2.39M | — |
Showing the 10 largest of 93 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Sandy Spring Bancorp Inc | Exited | −161,098 | −$5.05M | — |
| VN Valley Natl Bancorp | Added | +557,797 | +$5.05M | 3.7% |
| SS SPDR Ser Tr | New | +56,853 | +$3.43M | 2.4% |
| FI Financial Instns Inc | New | +123,691 | +$3.38M | 2.3% |
| UF Umb Finl Corp | Exited | −31,743 | −$3.34M | — |
| DC Dime Cmnty Bancshares Inc | New | +99,264 | +$3.05M | 2.1% |
| WT Washington Tr Bancorp Inc | New | +87,771 | +$2.75M | 1.9% |
| Renasant Corp | Exited | −83,153 | −$2.7M | — |
| CF Coastal Finl Corp Wa | Trimmed | −29,132 | −$2.47M | 1.2% |
| SF Synovus Finl Corp | Trimmed | −46,698 | −$2.39M | 0.5% |
Showing the 10 largest of 91 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| MF Midwestone Finl Group Inc Ne | New | +175,000 | +$4.99M | 3.3% |
| Nb Bancorp Inc | Trimmed | −175,266 | −$3.25M | 1.2% |
| TF Truist Finl Corp | Exited | −79,373 | −$3.08M | — |
| Renasant Corp | New | +83,153 | +$2.7M | 1.8% |
| VH Veritex Hldgs Inc | New | +89,537 | +$2.36M | 1.6% |
| Amerant Bancorp Inc | New | +100,000 | +$2.14M | 1.4% |
| ON Old Natl Bancorp Ind | Exited | −119,814 | −$2.06M | — |
| CF Coastal Finl Corp Wa | Trimmed | −37,991 | −$2.05M | 1.8% |
| WF Webster Finl Corp | Exited | −44,596 | −$1.94M | — |
| Bridgewater Bancshares Inc | Added | +132,521 | +$1.88M | 1.7% |
Showing the 10 largest of 82 changes.
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