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Fourthstone LLC Portfolio holdings
AUM
$140M
1-Year Est. Return
42.62%
This Fund
S&P 500
This Quarter
Est. Return
-10.33%
1 Year Est. Return
+42.62%
3 Year Est. Return
+103.6%
5 Year Est. Return
+78.37%
10 Year Est. Return
–
AUM
$376M
AUM Growth
+$92.1M
(+32%)
Cap. Flow
+$130M
Cap. Flow
% of AUM
34.53%
Top 10 Holdings %
Top 10 Hldgs %
57.28%
Holding
70
New
36
Increased
18
Reduced
13
Closed
3
Avg Time Held
3
quarters
Top 10 Avg Time Held
3.8
quarters
Top 20 Avg Time Held
5.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
US Bancorp
USB
|
+$38M |
| 2 |
Comerica
CMA
|
+$36.5M |
| 3 |
Southern California Bancorp
BCAL
|
+$24.3M |
| 4 |
Citizens Financial Group
CFG
|
+$10.6M |
| 5 |
Truist Financial
TFC
|
+$8.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMES National
ATLO
|
+$9.62M |
| 2 |
Oak Valley Bancorp
OVLY
|
+$7.55M |
| 3 |
Unity Bancorp
UNTY
|
+$6.51M |
| 4 |
Timberland Bancorp
TSBK
|
+$5.79M |
| 5 |
Virginia National Bankshares
VABK
|
+$5.69M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Western Alliance Bancorporation
WAL
$8.04B
| $551K | 0.15% |
+15,100
| New | +$524K |
2023 Q2
0 quarters
|
|
52
Old National Bancorp
ONB
$9.42B
| $530K | 0.14% |
+38,000
| New | +$505K |
2023 Q2
0 quarters
|
|
53
OceanFirst Financial
OCFC
$1.55B
| $529K | 0.14% |
+33,870
| New | +$528K |
2023 Q2
0 quarters
|
|
54
Banner Corp
BANR
$2.44B
| $528K | 0.14% |
+12,100
| New | +$572K |
2023 Q2
0 quarters
|
|
55
Heritage Financial
HFWA
$1.11B
| $506K | 0.13% |
+31,284
| New | +$545K |
2023 Q2
0 quarters
|
|
56
Bank of Marin Bancorp
BMRC
$427M
| $500K | 0.13% |
+28,299
| New | +$514K |
2023 Q2
0 quarters
|
|
|
57
Oak Valley Bancorp
OVLY
$286M
| $460K | 0.12% |
18,265
-310,766
| -94% | -$7.55M |
2022 Q4
2 quarters
|
|
58
DELISTED
Summit Financial Group, Inc.
SMMF
| $424K | 0.11% |
+20,510
| New | +$403K |
2023 Q2
0 quarters
|
|
59
Auburn National Bancorp
AUBN
$92M
| $422K | 0.11% |
+19,829
| New | +$432K |
2023 Q2
0 quarters
|
|
60
Capital Bancorp
CBNK
$631M
| $406K | 0.11% |
+22,408
| New | +$384K |
2023 Q2
0 quarters
|
|
61
Primis Financial Corp
FRST
$381M
| $279K | 0.07% |
+33,190
| New | +$278K |
2023 Q2
0 quarters
|
|
62
First Financial Corp
THFF
$873M
| $244K | 0.06% |
+7,500
| New | +$256K |
2023 Q2
0 quarters
|
|
|
63
AMES National
ATLO
$283M
| $239K | 0.06% |
13,257
-511,710
| -97% | -$9.62M |
2022 Q3
3 quarters
|
|
64
RBB Bancorp
RBB
$435M
| $180K | 0.05% |
+15,047
| New | +$181K |
2023 Q2
0 quarters
|
|
65
Bank Of The James
BOTJ
$123M
| $168K | 0.04% |
+18,435
| New | +$174K |
2023 Q2
0 quarters
|
|
66
Mechanics Bancorp
MCHB
$3.15B
| $118K | 0.03% |
+20,000
| New | +$188K |
2023 Q2
0 quarters
|
|
67
DELISTED
BankFinancial
BFIN
| $97.3K | 0.03% |
+11,900
| New | +$95.2K |
2023 Q2
0 quarters
|
|
68
Choiceone Financial
COFS
$486M
| – | – |
-164,146
| Closed | -$4.14M | – |
|
69
Norwood Financial Corp
NWFL
$369M
| – | – |
-119,805
| Closed | -$3.52M | – |
|
|
70
Virginia National Bankshares
VABK
$273M
| – | – |
-158,333
| Closed | -$5.69M | – |
|
Similar funds
PBRA
CCM
ECM
POIA
GCM
MPCA
NSG
WAU
Fourthstone LLC's Q2 2023 Portfolio in Review
As of Q2 2023, Fourthstone LLC held 70 positions worth $376M, up 32% from $284M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Fourthstone LLC deployed $130M of net new capital in Q2 2023, opening 36 new positions and adding to 18 existing holdings. Its largest new stake was Southern California Bancorp: 1,746,995 shares worth $24M.
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 AMES National, an estimated $9.62M trimmed.
- Fourthstone LLC's largest Q2 2023 buy was Southern California Bancorp: 1,746,995 shares worth $24M.
- Fourthstone LLC added most to US Bancorp in Q2 2023, an estimated $38M increase.
- Fourthstone LLC's biggest Q2 2023 reduction was AMES National, cutting an estimated $9.62M.
- Fourthstone LLC fully exited Virginia National Bankshares in Q2 2023, selling an estimated $5.69M.
- Fourthstone LLC's ten largest holdings make up 57% of its $376M portfolio in Q2 2023.
- Fourthstone LLC opened 36 new positions and closed 3 in Q2 2023.
- Fourthstone LLC's portfolio value rose 32% quarter-over-quarter to $376M.
Based on Fourthstone LLC's 13F filing for Q2 2023, filed 2 Aug 2023.