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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 | |
|---|---|---|---|---|---|---|---|
|
76
Enterprise Financial Services Corp
EFSC
$2.14B
| – | – |
-230,848
| Closed | -$8.66M | – |
|
77
DELISTED
ESSA Bancorp
ESSA
| – | – |
-31,114
| Closed | -$467K | – |
|
78
First Bancorp
FBNC
$2.48B
| – | – |
-87,094
| Closed | -$2.45M | – |
|
|
79
First Mid Bancshares
FMBH
$1.3B
| – | – |
-465,942
| Closed | -$12.4M | – |
|
80
First Merchants
FRME
$2.45B
| – | – |
-23,088
| Closed | -$642K | – |
|
81
Five Star Bancorp
FSBC
$1.05B
| – | – |
-57,990
| Closed | -$1.16M | – |
|
82
Heritage Financial
HFWA
$1.11B
| – | – |
-270,184
| Closed | -$4.41M | – |
|
83
DELISTED
IF Bancorp
IROQ
| – | – |
-12,500
| Closed | -$186K | – |
|
84
Metropolitan Bank Holding Corp
MCB
$1.07B
| – | – |
-48,995
| Closed | -$1.78M | – |
|
85
OceanFirst Financial
OCFC
$1.55B
| – | – |
-35,100
| Closed | -$508K | – |
|
86
Old National Bancorp
ONB
$9.42B
| – | – |
-38,000
| Closed | -$553K | – |
|
87
Oak Valley Bancorp
OVLY
$286M
| – | – |
-42,597
| Closed | -$1.07M | – |
|
88
Prosperity Bancshares
PB
$7.97B
| – | – |
-19,900
| Closed | -$1.09M | – |
|
89
Plumas Bancorp
PLBC
$429M
| – | – |
-15,426
| Closed | -$527K | – |
|
90
RBB Bancorp
RBB
$435M
| – | – |
-15,047
| Closed | -$192K | – |
|
91
Renasant Corp
RNST
$3.58B
| – | – |
-52,922
| Closed | -$1.39M | – |
|
92
DELISTED
Synovus
SNV
| – | – |
-185,100
| Closed | -$5.15M | – |
|
93
SouthState Bank Corp
SSB
$9.68B
| – | – |
-15,100
| Closed | -$1.02M | – |
|
94
DELISTED
Southern States Bancshares
SSBK
| – | – |
-208,040
| Closed | -$4.7M | – |
|
95
TriCo Bancshares
TCBK
$1.63B
| – | – |
-29,900
| Closed | -$958K | – |
|
96
DELISTED
United Security Bancshares
UBFO
| – | – |
-165,563
| Closed | -$1.23M | – |
|
97
United Bankshares
UBSI
$6.22B
| – | – |
-43,900
| Closed | -$1.21M | – |
|
98
Unity Bancorp
UNTY
$556M
| – | – |
-54,832
| Closed | -$1.28M | – |
|
99
DELISTED
Veritex Holdings
VBTX
| – | – |
-247,728
| Closed | -$4.45M | – |
|
100
Westamerica Bancorp
WABC
$1.36B
| – | – |
-25,502
| Closed | -$1.1M | – |
|
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.