Full18 Capital Portfolio holdings

AUM $434M

AUM

$434M

AUM Growth

+$198M (+84%)

Cap. Flow

+$329M

Cap. Flow % of AUM

75.86%

Top 10 Holdings %Top 10 Hldgs %

44.67%

Holding

140

New

Increased

Reduced

Closed

1	Shift4 FOUR	$1.61M
2	Cboe Global Markets CBOE	$1.39M
3	Evercore EVR	$709K
4	TIG Trean Insurance Group, Inc. Common Stock TIG	$142K
5	ENJYW Enjoy Technology, Inc. Warrant ENJYW	$11K

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
101	101 HCI Group HCI $1.95B	$0	0%	0 -8,668	Closed	–
102	102 Hartford Financial Services HIG $36.9B	$0	0%	0 -15,516	Closed	–
103	103 Hancock Whitney HWC $4.68B	$0	0%	0 -45,151	Closed	–
104	104 International Bancshares IBOC $3.89B	$0	0%	0 -59,363	Closed	–
105	105 James River Group JRVR $267M	$0	0%	0 -18,786	Closed	–
106	106 KeyCorp KEY $17.4B	$0	0%	0 -81,478	Closed	–
107	107 Open Lending Corp LPRO $214M	$0	0%	0 -101,892	Closed	–
108	108 Lightspeed Commerce LSPD $1.44B	$0	0%	0 -17,723	Closed	–
109	109 Metropolitan Bank Holding Corp MCB $689M	$0	0%	0 -35,621	Closed	–
110	110 Medical Properties Trust MPW $2.75B	$0	0%	0 -18,661	Closed	–
111	111 MVB Financial MVBF $254M	$0	0%	0 -13,283	Closed	–
112	112 Navient NAVI $1.36B	$0	0%	0 -41,634	Closed	–
113	113 nCino NCNO $3.05B	$0	0%	0 -14,483	Closed	–
114	114 Newmark Group NMRK $1.91B	$0	0%	0 -84,811	Closed	–
115	115 Northern Trust NTRS $20.8B	$0	0%	0 -33,191	Closed	–
116	116 Opendoor OPEN $475M	$0	0%	0 -14,307	Closed	–
117	117 Old Republic International ORI $9.34B	$0	0%	0 -68,375	Closed	–
118	118 Pebblebrook Hotel Trust PEB $1.09B	$0	0%	0 -76,220	Closed	–
119	119 Rekor Systems REKR $137M	$0	0%	0 -45,957	Closed	–
120	120 RenaissanceRe RNR $12.1B	$0	0%	0 -6,473	Closed	–
121	121 Stifel SF $9.68B	$0	0%	0 -75,545	Closed	–
122	122 Simon Property Group SPG $53.2B	$0	0%	0 -25,136	Closed	–
123	123 Stewart Information Services STC $1.68B	$0	0%	0 -35,342	Closed	–
124	124 Trupanion TRUP $2.02B	$0	0%	0 -7,684	Closed	–
125	125 Voya Financial VOYA $6.41B	$0	0%	0 -29,701	Closed	–