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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
+32.24%
1 Year Est. Return
+42.62%
3 Year Est. Return
+103.6%
5 Year Est. Return
+78.37%
10 Year Est. Return
–
AUM
$494M
AUM Growth
+$53.2M
(+12%)
Cap. Flow
-$58.2M
Cap. Flow
% of AUM
-11.79%
Top 10 Holdings %
Top 10 Hldgs %
45.36%
Holding
106
New
7
Increased
33
Reduced
22
Closed
41
Avg Time Held
3.9
quarters
Top 10 Avg Time Held
2.7
quarters
Top 20 Avg Time Held
4.4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Heartland Financial USA, Inc.
HTLF
|
+$7.63M |
| 2 |
Eagle Bancorp
EGBN
|
+$7.52M |
| 3 |
Community West BanCshares
CWBC
|
+$5.83M |
| 4 |
Summit Financial Group, Inc.
SMMF
|
+$5.13M |
| 5 |
Meridian
MRBK
|
+$4.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVB Financial
CVBF
|
+$16.1M |
| 2 |
Banner Corp
BANR
|
+$13.7M |
| 3 |
First Mid Bancshares
FMBH
|
+$12.4M |
| 4 |
BOK Financial
BOKF
|
+$8.66M |
| 5 |
Enterprise Financial Services Corp
EFSC
|
+$8.66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
First Financial Corp
THFF
$873M
| $1.39M | 0.28% |
32,321
-28,577
| -47% | -$1.07M |
2023 Q2
2 quarters
|
|
52
DELISTED
The First Bancshares, Inc.
FBMS
| $1.33M | 0.27% |
+45,490
| New | +$1.22M |
2023 Q4
0 quarters
|
|
53
Bank Of The James
BOTJ
$123M
| $1.31M | 0.27% |
107,154
+16,142
| +18% | +$168K |
2023 Q2
2 quarters
|
|
54
DELISTED
LINKBANCORP
LNKB
| $1.19M | 0.24% |
+149,372
| New | +$986K |
2023 Q4
0 quarters
|
|
55
DELISTED
Heritage Commerce
HTBK
| $1.04M | 0.21% |
105,208
-161,777
| -61% | -$1.43M |
2023 Q2
2 quarters
|
|
56
AmeriServ Financial
ASRV
$73.9M
| $1.02M | 0.21% |
316,428
+19,031
| +6% | +$52.7K |
2023 Q3
1 quarter
|
|
57
Truist Financial
TFC
$56.1B
| $1M | 0.2% |
27,130
-16,370
| -38% | -$514K |
2022 Q3
5 quarters
|
|
58
Auburn National Bancorp
AUBN
$92M
| $954K | 0.19% |
44,809
+3,200
| +8% | +$66.8K |
2023 Q2
2 quarters
|
|
59
DELISTED
Old Point Financial
OPOF
| $485K | 0.1% |
27,038
+8,456
| +46% | +$143K |
2023 Q3
1 quarter
|
|
60
CB Financial Services
CBFV
$191M
| $458K | 0.09% |
19,231
| – | – |
2023 Q3
1 quarter
|
|
61
DELISTED
BankFinancial
BFIN
| $439K | 0.09% |
42,811
-512
| -1% | -$4.64K |
2023 Q2
2 quarters
|
|
62
Parke Bancorp
PKBK
$381M
| $358K | 0.07% |
+17,700
| New | +$313K |
2023 Q4
0 quarters
|
|
63
DELISTED
Sandy Spring Bancorp Inc
SASR
| $259K | 0.05% |
9,490
| – | – |
2023 Q3
1 quarter
|
|
64
DELISTED
Affinity Bancshares
AFBI
| $242K | 0.05% |
15,175
| – | – |
2023 Q3
1 quarter
|
|
65
SB Financial Group
SBFG
$183M
| $214K | 0.04% |
+13,957
| New | +$192K |
2023 Q4
0 quarters
|
|
66
Atlantic Union Bankshares
AUB
$5.36B
| – | – |
-111,921
| Closed | -$3.22M | – |
|
|
67
Banner Corp
BANR
$2.44B
| – | – |
-324,219
| Closed | -$13.7M | – |
|
68
BayCom
BCML
$335M
| – | – |
-24,459
| Closed | -$470K | – |
|
|
69
BOK Financial
BOKF
$7.58B
| – | – |
-108,317
| Closed | -$8.66M | – |
|
70
Bridgewater Bancshares
BWB
$568M
| – | – |
-115,706
| Closed | -$1.1M | – |
|
71
Bankwell Financial Group
BWFG
$523M
| – | – |
-19,324
| Closed | -$469K | – |
|
72
Capital Bancorp
CBNK
$631M
| – | – |
-56,280
| Closed | -$1.08M | – |
|
73
Cullen/Frost Bankers
CFR
$9.42B
| – | – |
-34,900
| Closed | -$3.18M | – |
|
74
DELISTED
Comerica
CMA
| – | – |
-31,759
| Closed | -$1.32M | – |
|
|
75
CVB Financial
CVBF
$3.78B
| – | – |
-969,881
| Closed | -$16.1M | – |
|
Similar funds
PBRA
CCM
ECM
POIA
GCM
MPCA
NSG
WAU
Fourthstone LLC's Q4 2023 Portfolio in Review
As of Q4 2023, Fourthstone LLC held 106 positions worth $494M, up 12% from $441M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Fourthstone LLC withdrew a net $58.2M in Q4 2023, closing 41 positions and reducing 22 holdings. Its most notable exit was CVB Financial, an estimated $16.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 100% of assets, unchanged from a quarter earlier.
Against the trend, Fourthstone LLC opened a new position in Community West BanCshares worth $7.26M.
- Fourthstone LLC's largest Q4 2023 buy was Community West BanCshares: 417,444 shares worth $7.26M.
- Fourthstone LLC added most to Heartland Financial USA, Inc. in Q4 2023, an estimated $7.63M increase.
- Fourthstone LLC's biggest Q4 2023 reduction was Timberland Bancorp, cutting an estimated $5.84M.
- Fourthstone LLC fully exited CVB Financial in Q4 2023, selling an estimated $16.1M.
- Fourthstone LLC's ten largest holdings make up 45% of its $494M portfolio in Q4 2023.
- Fourthstone LLC opened 7 new positions and closed 41 in Q4 2023.
- Fourthstone LLC's portfolio value rose 12% quarter-over-quarter to $494M.
Based on Fourthstone LLC's 13F filing for Q4 2023, filed 14 Feb 2024.