FL

Fourthstone LLC Portfolio holdings

AUM $403M

AUM

$403M

AUM Growth

-$109M (-21%)

Cap. Flow

-$36.1M

Cap. Flow % of AUM

-8.94%

Top 10 Holdings %Top 10 Hldgs %

60.03%

Holding

92

New

24

Increased

23

Reduced

28

Closed

17

Top Buys

1	Choiceone Financial COFS	$25.3M
2	EFSI Eagle Financial Services Inc Common Stock EFSI	$8.9M
3	Orrstown Financial Services ORRF	$6.78M
4	Financial Institutions FISI	$5.71M
5	BV Financial BVFL	$4.22M

Top Sells

1	Shore Bancshares SHBI	$30.6M
2	Burke & Herbert Financial Services Corp BHRB	$24.3M
3	Eagle Bancorp EGBN	$18.5M
4	Colony Bankcorp CBAN	$13.1M
5	Southern California Bancorp BCAL	$8.61M

Sector Composition

1

Financials

100%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	76 Auburn National Bancorp AUBN $75.6M	$0	0%	0 -37,034	Closed	–
77	77 Capital Bancorp CBNK $526M	$0	0%	0 -123,178	Closed	–
78	78 Chemung Financial Corp CHMG $226M	$0	0%	0 -158,652	Closed	–
79	79 First Business Financial Services FBIZ $401M	$0	0%	0 -30,239	Closed	–
80	80 First Guaranty Bancshares FGBI $114M	$0	0%	0 -16,892	Closed	–
81	81 First United FUNC $192M	$0	0%	0 -278,788	Closed	–
82	82 Landmark Bancorp LARK $164M	$0	0%	0 -19,397	Closed	–
83	83 First Western Financial MYFW $205M	$0	0%	0 -24,972	Closed	–
84	84 Ohio Valley Banc Corp OVBC $147M	$0	0%	0 -50,132	Closed	–
85	85 Bank OZK OZK $5.18B	$0	0%	0 -11,500	Closed	–
86	86 Pathfinder Bancorp PBHC $96M	$0	0%	0 -88,300	Closed	–
87	87 Ponce Financial Group PDLB $319M	$0	0%	0 -67,983	Closed	–
88	88 Provident Bancorp PVBC $210M	$0	0%	0 -43,686	Closed	–
89	89 SR Bancorp SRBK $119M	$0	0%	0 -59,284	Closed	–
90	90 Southern States Bancshares SSBK $345M	$0	0%	0 -10,476	Closed	–
91	FDSB 91 Fifth District Bancorp, Inc. Common Stock FDSB $68.5M	$0	0%	0 -99,814	Closed	–
92	PFC 92 DELISTED Premier Financial Corp. Common Stock PFC	$0	0%	0 -38,909	Closed	–