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FHC
Forest Hill Capital Portfolio holdings
AUM
$152M
1-Year Est. Return
64.38%
This Fund
S&P 500
This Quarter
Est. Return
+4.8%
1 Year Est. Return
+64.38%
3 Year Est. Return
+137.74%
5 Year Est. Return
+120.32%
10 Year Est. Return
+429.35%
AUM
$286M
AUM Growth
-$39.4M
(-12%)
Cap. Flow
-$51.7M
Cap. Flow
% of AUM
-18.09%
Top 10 Holdings %
Top 10 Hldgs %
42.42%
Holding
57
New
1
Increased
5
Reduced
17
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilltop Holdings
HTH
|
+$1.01M |
| 2 |
UNVR
Univar Solutions Inc.
UNVR
|
+$371K |
| 3 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$182K |
| 4 |
Triumph Financial Inc
TFIN
|
+$137K |
| 5 |
VBTX
Veritex Holdings
VBTX
|
+$77.7K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMA
Comerica
CMA
|
+$9.42M |
| 2 |
SBNY
Signature Bank
SBNY
|
+$8.97M |
| 3 |
Hancock Whitney
HWC
|
+$3.33M |
| 4 |
FB Financial Corp
FBK
|
+$3.21M |
| 5 |
IBKC
IBERIABANK Corp
IBKC
|
+$3.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 70.66% |
| 2 | Materials | 5.25% |
| 3 | Industrials | 4.74% |
| 4 | Energy | 2.45% |
| 5 | Consumer Discretionary | 2.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Sprott Physical Gold
PHYS
$14.4B
| $16.7M | 5.85% |
1,474,918
| – | – |
|
2
Pinnacle Financial Partners Inc
PNFP
$15B
| $14.7M | 5.16% |
256,502
-29,290
| -10% | -$1.65M |
|
|
CSFL
3
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $12.9M | 4.52% |
560,697
-25,498
| -4% | -$598K |
|
|
SASR
4
DELISTED
Sandy Spring Bancorp Inc
SASR
| $12.7M | 4.46% |
365,153
-25,348
| -6% | -$853K |
|
5
Banner Corp
BANR
$2.4B
| $11.9M | 4.17% |
220,336
-46,291
| -17% | -$2.48M |
|
|
SNV
6
DELISTED
Synovus
SNV
| $11.4M | 3.99% |
325,773
| – | – |
|
|
IBKC
7
DELISTED
IBERIABANK Corp
IBKC
| $11.1M | 3.87% |
146,003
-41,249
| -22% | -$3.13M |
|
|
8
Hancock Whitney
HWC
$6.27B
| $10.5M | 3.67% |
262,204
-80,899
| -24% | -$3.33M |
|
|
ALTA
9
DELISTED
Altabancorp
ALTA
| $10M | 3.5% |
340,065
-21,300
| -6% | -$611K |
|
10
Banc of California
BANC
$3.21B
| $9.24M | 3.23% |
661,499
-62,727
| -9% | -$886K |
|
|
VBTX
11
DELISTED
Veritex Holdings
VBTX
| $9.09M | 3.18% |
350,136
+3,000
| +0.9% | +$77.7K |
|
|
IBTX
12
DELISTED
Independent Bank Group, Inc.
IBTX
| $9.04M | 3.16% |
164,496
| – | – |
|
|
13
Triumph Financial Inc
TFIN
$1.85B
| $8.5M | 2.97% |
292,637
+4,600
| +2% | +$137K |
|
14
Zions Bancorporation
ZION
$10.6B
| $8.39M | 2.94% |
182,518
-35,792
| -16% | -$1.66M |
|
15
First Bancorp
FBNC
$2.65B
| $7.94M | 2.78% |
218,011
| – | – |
|
16
Heritage Financial
HFWA
$1.26B
| $7.71M | 2.7% |
261,130
-23,599
| -8% | -$711K |
|
17
First Horizon
FHN
$12.1B
| $7.39M | 2.59% |
495,190
-71,000
| -13% | -$1.03M |
|
18
Investar Holding Corp
ISTR
$408M
| $6.84M | 2.39% |
286,821
-27,000
| -9% | -$629K |
|
19
Equity Bancshares
EQBK
$1.03B
| $6.76M | 2.36% |
253,563
| – | – |
|
20
Ameris Bancorp
ABCB
$6.11B
| $6.71M | 2.35% |
171,289
| – | – |
|
21
Regions Financial
RF
$26.5B
| $6.5M | 2.27% |
435,059
| – | – |
|
22
SouthState Bank Corp
SSB
$10B
| $6.25M | 2.19% |
84,910
-25,000
| -23% | -$1.8M |
|
|
23
Hilltop Holdings
HTH
$2.24B
| $6.16M | 2.16% |
289,598
+50,000
| +21% | +$1.01M |
|
24
Columbus McKinnon
CMCO
$413M
| $5.23M | 1.83% |
124,565
| – | – |
|
|
BMCH
25
DELISTED
BMC Stock Holdings, Inc
BMCH
| $4.88M | 1.71% |
230,008
| – | – |
|
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Forest Hill Capital's Q2 2019 Portfolio in Review
As of Q2 2019, Forest Hill Capital held 57 positions worth $286M, down 12% from $325M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Forest Hill Capital withdrew a net $51.7M in Q2 2019, closing 8 positions and reducing 17 holdings. Its most notable exit was Comerica, an estimated $9.42M position sold in full.
By sector, the portfolio is most concentrated in Financials at 71% of assets, down from 73% a quarter earlier, followed by Materials and Industrials.
Against the trend, Forest Hill Capital opened a new position in Royal Dutch Shell PLC ADS Class B worth $184K.
- Forest Hill Capital's largest Q2 2019 buy was Royal Dutch Shell PLC ADS Class B: 2,800 shares worth $184K.
- Forest Hill Capital added most to Hilltop Holdings in Q2 2019, an estimated $1.01M increase.
- Forest Hill Capital's biggest Q2 2019 reduction was Hancock Whitney, cutting an estimated $3.33M.
- Forest Hill Capital fully exited Comerica in Q2 2019, selling an estimated $9.42M.
- Forest Hill Capital's ten largest holdings make up 42% of its $286M portfolio in Q2 2019.
- Forest Hill Capital opened 1 new position and closed 8 in Q2 2019.
- Forest Hill Capital's portfolio value fell 12% quarter-over-quarter to $286M.
Based on Forest Hill Capital's 13F filing for Q2 2019, filed 14 Aug 2019.