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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
-6.96%
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
$230M
AUM Growth
-$6.45M
(-2.7%)
Cap. Flow
+$17.3M
Cap. Flow
% of AUM
7.5%
Top 10 Holdings %
Top 10 Hldgs %
54.91%
Holding
49
New
5
Increased
5
Reduced
5
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$29.5M |
| 2 |
Digital Realty Trust
DLR
|
+$3.28M |
| 3 |
Ameris Bancorp
ABCB
|
+$3.15M |
| 4 |
Microsoft
MSFT
|
+$2.55M |
| 5 |
SouthState Bank Corp
SSB
|
+$2.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMA
Comerica
CMA
|
+$7.56M |
| 2 |
PACW
PacWest Bancorp
PACW
|
+$5.19M |
| 3 |
SNV
Synovus
SNV
|
+$3.6M |
| 4 |
Pinnacle Financial Partners Inc
PNFP
|
+$3.3M |
| 5 |
Regions Financial
RF
|
+$2.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 49.48% |
| 2 | Materials | 10.78% |
| 3 | Industrials | 3.48% |
| 4 | Consumer Discretionary | 3.18% |
| 5 | Real Estate | 3.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P Regional Banking ETF
KRE
$4.49B
| $22.8M | 9.9% |
+520,000
| New | +$29.5M |
|
2
Sprott Physical Gold
PHYS
$14.8B
| $22.4M | 9.72% |
1,448,500
| – | – |
|
3
Franco-Nevada
FNV
$42.7B
| $11.9M | 5.16% |
81,500
| – | – |
|
4
Banner Corp
BANR
$2.37B
| $11.8M | 5.13% |
217,431
| – | – |
|
|
CADE
5
DELISTED
Cadence Bank
CADE
| $10.4M | 4.53% |
502,574
| – | – |
|
6
Newmont
NEM
$101B
| $9.85M | 4.27% |
200,950
+2,000
| +1% | +$96.9K |
|
7
First Interstate BancSystem
FIBK
$3.74B
| $9.77M | 4.24% |
327,064
+15,000
| +5% | +$528K |
|
8
Texas Capital Bancshares
TCBI
$4.29B
| $9.5M | 4.12% |
194,015
-10,000
| -5% | -$614K |
|
9
Hancock Whitney
HWC
$6.14B
| $9.05M | 3.93% |
248,545
| – | – |
|
10
VanEck Gold Miners ETF
GDX
$23.5B
| $9.04M | 3.92% |
279,500
| – | – |
|
|
11
SouthState Bank Corp
SSB
$10.2B
| $8.45M | 3.67% |
118,600
+30,000
| +34% | +$2.33M |
|
12
Banc of California
BANC
$2.91B
| $6.7M | 2.91% |
534,882
| – | – |
|
13
SmartFinancial
SMBK
$900M
| $6.15M | 2.67% |
265,649
| – | – |
|
14
Atlantic Union Bankshares
AUB
$6B
| $5.99M | 2.6% |
170,868
| – | – |
|
15
Glacier Bancorp
GBCI
$6.38B
| $5.95M | 2.58% |
141,671
| – | – |
|
16
Heritage Financial
HFWA
$1.21B
| $5.84M | 2.54% |
273,090
| – | – |
|
|
SNV
17
DELISTED
Synovus
SNV
| $5.09M | 2.21% |
164,994
-94,500
| -36% | -$3.6M |
|
|
18
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $4.77M | 2.07% |
86,404
-46,978
| -35% | -$3.3M |
|
19
Amazon
AMZN
$2.53T
| $4.13M | 1.79% |
40,000
| – | – |
|
|
20
Regions Financial
RF
$26.3B
| $3.76M | 1.63% |
202,815
-130,000
| -39% | -$2.83M |
|
21
St. Joe Company
JOE
$3.62B
| $3.31M | 1.44% |
79,500
| – | – |
|
22
Columbus McKinnon
CMCO
$596M
| $3.3M | 1.43% |
88,688
| – | – |
|
23
FB Financial Corp
FBK
$3B
| $3.27M | 1.42% |
105,123
| – | – |
|
24
America's Car Mart
CRMT
$26.7M
| $3.19M | 1.38% |
40,242
+981
| +2% | +$79.8K |
|
|
UNVR
25
DELISTED
Univar Solutions Inc.
UNVR
| $3.12M | 1.35% |
88,958
-15,000
| -14% | -$509K |
|
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Forest Hill Capital's Q1 2023 Portfolio in Review
As of Q1 2023, Forest Hill Capital held 49 positions worth $230M, down 2.7% from $237M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Forest Hill Capital deployed $17.3M of net new capital in Q1 2023, opening 5 new positions and adding to 5 existing holdings. Its largest new stake was State Street SPDR S&P Regional Banking ETF: 520,000 shares worth $22.8M.
By sector, the portfolio is most concentrated in Financials at 49% of assets, down from 64% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Synovus, an estimated $3.6M trimmed.
- Forest Hill Capital's largest Q1 2023 buy was State Street SPDR S&P Regional Banking ETF: 520,000 shares worth $22.8M.
- Forest Hill Capital added most to SouthState Bank Corp in Q1 2023, an estimated $2.33M increase.
- Forest Hill Capital's biggest Q1 2023 reduction was Synovus, cutting an estimated $3.6M.
- Forest Hill Capital fully exited Comerica in Q1 2023, selling an estimated $7.56M.
- Forest Hill Capital's ten largest holdings make up 55% of its $230M portfolio in Q1 2023.
- Forest Hill Capital opened 5 new positions and closed 3 in Q1 2023.
- Forest Hill Capital's portfolio value fell 2.7% quarter-over-quarter to $230M.
Based on Forest Hill Capital's 13F filing for Q1 2023, filed 15 May 2023.