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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
Cap. Flow
-$58.2M
Cap. Flow %
-11.79%
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
HTLF icon
Heartland Financial USA, Inc.
HTLF
+$7.63M
2
EGBN icon
Eagle Bancorp
EGBN
+$7.52M
3
CWBC icon
Community West BanCshares
CWBC
+$5.83M
4
SMMF icon
Summit Financial Group, Inc.
SMMF
+$5.13M
5
MRBK icon
Meridian
MRBK
+$4.81M

Top Sells

Rank Stock Value
1
CVBF icon
CVB Financial
CVBF
+$16.1M
2
BANR icon
Banner Corp
BANR
+$13.7M
3
FMBH icon
First Mid Bancshares
FMBH
+$12.4M
4
BOKF icon
BOK Financial
BOKF
+$8.66M
5
EFSC icon
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
SHBI icon
1
Shore Bancshares
SHBI
$750M
$46.9M 9.49%
3,289,744
-18,280
-0.6% -$216K
2019 Q4
16 quarters
BCAL icon
2
Southern California Bancorp
BCAL
$688M
$25.8M 5.22%
1,486,667
-340,640
-19% -$5.11M
2023 Q2
2 quarters
CWBC icon
3
Community West Bancshares
CWBC
$702M
$25.7M 5.21%
1,150,657
-29,238
-2% -$511K
2022 Q2
6 quarters
MCHB icon
4
Mechanics Bancorp
MCHB
$3.15B
$19.2M 3.89%
1,865,896
+256,276
+16% +$1.77M
2023 Q2
2 quarters
CBAN icon
5
Colony Bankcorp
CBAN
$423M
$19.2M 3.89%
1,443,356
+276,782
+24% +$3M
2019 Q4
16 quarters
CHMG icon
6
Chemung Financial Corp
CHMG
$388M
$19M 3.84%
380,882
-69,215
-15% -$3.07M
2022 Q3
5 quarters
COLB icon
7
Columbia Banking Systems
COLB
$7.99B
$18.7M 3.79%
702,058
-109,000
-13% -$2.42M
2023 Q2
2 quarters
CVLY icon
8
DELISTED
Codorus Valley Bancorp Inc
CVLY
$17.8M 3.6%
690,849
+194,793
+39% +$4.06M
2019 Q4
16 quarters
PEBK icon
9
Peoples Bancorp of North Carolina
PEBK
$237M
$16.6M 3.36%
536,725
-20,997
-4% -$529K
2021 Q2
10 quarters
FNWB icon
10
First Northwest Bancorp
FNWB
$93.6M
$15.1M 3.06%
948,762
+170,506
+22% +$2.38M
2022 Q2
6 quarters
ISTR icon
11
Investar Holding Corp
ISTR
$397M
$14.5M 2.94%
972,906
-8,992
-0.9% -$102K
2020 Q3
13 quarters
MRBK icon
12
Meridian
MRBK
$222M
$14.4M 2.92%
1,035,631
+413,446
+66% +$4.81M
2021 Q2
10 quarters
FRAF icon
13
Franklin Financial Services
FRAF
$285M
$13.7M 2.77%
433,850
+146,874
+51% +$4.63M
2021 Q1
11 quarters
EGBN icon
14
Eagle Bancorp
EGBN
$859M
$12.7M 2.57%
421,823
+318,490
+308% +$7.52M
2023 Q2
2 quarters
FRST icon
15
Primis Financial Corp
FRST
$381M
$12M 2.43%
949,167
+302,239
+47% +$2.95M
2023 Q2
2 quarters
HTLF icon
16
DELISTED
Heartland Financial USA, Inc.
HTLF
$11.9M 2.4%
315,207
+241,441
+327% +$7.63M
2023 Q2
2 quarters
FXNC icon
17
First National Corp
FXNC
$266M
$11.6M 2.34%
531,935
+69,887
+15% +$1.34M
2019 Q4
16 quarters
WAL icon
18
Western Alliance Bancorporation
WAL
$8.04B
$11.5M 2.34%
175,519
+56,919
+48% +$2.87M
2023 Q2
2 quarters
RVSB icon
19
Riverview Bancorp
RVSB
$120M
$11M 2.23%
1,722,463
+527,777
+44% +$3.1M
2022 Q4
4 quarters
FCCO icon
20
First Community Corp
FCCO
$304M
$10.9M 2.21%
506,940
-87,174
-15% -$1.59M
2021 Q3
9 quarters
FNWD icon
21
Finward Bancorp
FNWD
$179M
$10.8M 2.19%
428,538
-945
-0.2% -$20.2K
2021 Q4
8 quarters
FFWM icon
22
DELISTED
First Foundation Inc
FFWM
$10.2M 2.07%
1,056,144
-156,869
-13% -$1,000K
2023 Q3
1 quarter
CARE icon
23
Carter Bankshares
CARE
$699M
$8.02M 1.62%
535,826
+273,159
+104% +$3.44M
2023 Q3
1 quarter
WBS icon
24
DELISTED
Webster Financial
WBS
$7.46M 1.51%
147,018
-112,591
-43% -$4.87M
2023 Q2
2 quarters
CWBC icon
25
DELISTED
Community West BanCshares
CWBC
$7.26M 1.47%
+417,444
New +$5.83M
2023 Q4
0 quarters
1
2 3 4 5

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POIA
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GCM
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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.