FL

Fourthstone LLC Portfolio holdings

AUM $140M Turnover 72.06%
1-Year Est. Return 42.62%
This Fund
S&P 500
This Quarter Est. Return
+2.74%
1 Year Est. Return
+42.62%
3 Year Est. Return
+103.6%
5 Year Est. Return
+78.37%
10 Year Est. Return
–
AUM
$441M
AUM Growth
+$64.5M
Cap. Flow
+$78.4M
Cap. Flow %
17.8%
Top 10 Hldgs %
40.47%
Holding
107
New
40
Increased
49
Reduced
8
Closed
8
Avg Time Held
0.6 years
Top 10 Avg Time Held
0.5 years
Top 20 Avg Time Held
1.1 years

Top Buys

Rank Stock Value
1
SHBI icon
Shore Bancshares
SHBI
+$15.1M
2
MCHB icon
Mechanics Bancorp
MCHB
+$14.1M
3
BANR icon
Banner Corp
BANR
+$14M
4
FMBH icon
First Mid Bancshares
FMBH
+$12.2M
5
COLB icon
Columbia Banking Systems
COLB
+$11.3M

Top Sells

Rank Stock Value
1
CMA icon
Comerica
CMA
+$44.7M
2
USB icon
US Bancorp
USB
+$41.8M
3
TCFC
The Community Financial Corporation Common Stock
TCFC
+$15.3M
4
CFG icon
Citizens Financial Group
CFG
+$12.7M
5
FITB icon
Fifth Third Bancorp
FITB
+$10.2M

Sector Composition

Rank Sector Weight
1 Financials 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MRBK icon
26
Meridian
MRBK
$220M
$6.09M 1.38%
622,185
+177,194
+40% +$2M
2021 Q2
9 quarters
WAL icon
27
Western Alliance Bancorporation
WAL
$7.78B
$5.45M 1.24%
118,600
+103,500
+685% +$4.89M
2023 Q2
1 quarter
FRST icon
28
Primis Financial Corp
FRST
$378M
$5.27M 1.2%
646,928
+613,738
+1,849% +$5.42M
2023 Q2
1 quarter
SNV icon
29
DELISTED
Synovus
SNV
$5.15M 1.17%
185,100
+119,000
+180% +$3.72M
2023 Q2
1 quarter
SSBK icon
30
DELISTED
Southern States Bancshares
SSBK
$4.7M 1.07%
208,040
-82,685
-28% -$1.9M
2021 Q3
8 quarters
VBTX icon
31
DELISTED
Veritex Holdings
VBTX
$4.45M 1.01%
247,728
+137,901
+126% +$2.66M
2023 Q2
1 quarter
HFWA icon
32
Heritage Financial
HFWA
$1.1B
$4.41M 1%
270,184
+238,900
+764% +$4.17M
2023 Q2
1 quarter
CALB icon
33
DELISTED
California BanCorp Common Stock
CALB
$4.39M 1%
218,405
+148,131
+211% +$2.71M
2022 Q4
3 quarters
WNEB icon
34
Western New England Bancorp
WNEB
$271M
$4.23M 0.96%
651,741
+466,082
+251% +$2.95M
2023 Q2
1 quarter
EVBN icon
35
DELISTED
Evans Bancorp Inc
EVBN
$3.38M 0.77%
126,085
-35,916
-22% -$997K
2022 Q2
5 quarters
CARE icon
36
Carter Bankshares
CARE
$696M
$3.29M 0.75%
+262,667
New +$3.77M
2023 Q3
0 quarters
AUB icon
37
Atlantic Union Bankshares
AUB
$5.32B
$3.22M 0.73%
+111,921
New +$3.33M
2023 Q3
0 quarters
CZFS icon
38
Citizens Financial Services
CZFS
$380M
$3.22M 0.73%
+68,542
New +$4.03M
2023 Q3
0 quarters
CFR icon
39
Cullen/Frost Bankers
CFR
$9.38B
$3.18M 0.72%
+34,900
New +$3.54M
2023 Q3
0 quarters
EBMT icon
40
Eagle Bancorp Montana
EBMT
$164M
$2.96M 0.67%
248,369
+197,596
+389% +$2.54M
2023 Q2
1 quarter
FBNC icon
41
First Bancorp
FBNC
$2.45B
$2.45M 0.56%
+87,094
New +$2.67M
2023 Q3
0 quarters
BMRC icon
42
Bank of Marin Bancorp
BMRC
$423M
$2.45M 0.56%
133,968
+105,669
+373% +$2.04M
2023 Q2
1 quarter
HTBK icon
43
DELISTED
Heritage Commerce
HTBK
$2.26M 0.51%
266,985
+147,401
+123% +$1.31M
2023 Q2
1 quarter
EGBN icon
44
Eagle Bancorp
EGBN
$844M
$2.22M 0.5%
103,333
+69,233
+203% +$1.68M
2023 Q2
1 quarter
HTLF icon
45
DELISTED
Heartland Financial USA, Inc.
HTLF
$2.17M 0.49%
73,766
+40,766
+124% +$1.27M
2023 Q2
1 quarter
THFF icon
46
First Financial Corp
THFF
$866M
$2.06M 0.47%
60,898
+53,398
+712% +$1.92M
2023 Q2
1 quarter
INBK icon
47
First Internet Bancorp
INBK
$224M
$1.93M 0.44%
+119,019
New +$2.25M
2023 Q3
0 quarters
HMNF icon
48
DELISTED
HMN Financial Inc
HMNF
$1.86M 0.42%
97,168
+48,521
+100% +$955K
2023 Q2
1 quarter
MCB icon
49
Metropolitan Bank Holding Corp
MCB
$1.07B
$1.78M 0.4%
+48,995
New +$2M
2023 Q3
0 quarters
BSRR icon
50
Sierra Bancorp
BSRR
$507M
$1.76M 0.4%
93,054
+35,009
+60% +$689K
2023 Q2
1 quarter
1
2
3 4 5

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Fourthstone LLC's Q3 2023 Portfolio in Review

As of Q3 2023, Fourthstone LLC held 107 positions worth $441M, up 17% from $376M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Fourthstone LLC deployed $78.4M of net new capital in Q3 2023, opening 40 new positions and adding to 49 existing holdings. Its largest new stake was Enterprise Financial Services Corp: 230,848 shares worth $8.66M.

By sector, the portfolio is most concentrated in Financials at 100% of assets, unchanged from a quarter earlier.

On the sell side, the largest reduction was Comerica, an estimated $44.7M trimmed.

  • Fourthstone LLC's largest Q3 2023 buy was Enterprise Financial Services Corp: 230,848 shares worth $8.66M.
  • Fourthstone LLC added most to Shore Bancshares in Q3 2023, an estimated $15.1M increase.
  • Fourthstone LLC's biggest Q3 2023 reduction was Comerica, cutting an estimated $44.7M.
  • Fourthstone LLC fully exited US Bancorp in Q3 2023, selling an estimated $41.8M.
  • Fourthstone LLC's ten largest holdings make up 40% of its $441M portfolio in Q3 2023.
  • Fourthstone LLC opened 40 new positions and closed 8 in Q3 2023.
  • Fourthstone LLC's portfolio value rose 17% quarter-over-quarter to $441M.

Based on Fourthstone LLC's 13F filing for Q3 2023, filed 14 Nov 2023.