North Reef Capital Management’s Cadence Bank CADE Stock Holding History

North Reef Capital Management’s Portfolio CADE Stock Details CADE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-7,055,000	Closed	-$265M	–	57
2025 Q3	$265M	Buy	+7,055,000	New	+$254M	12.39%	2
2024 Q4	–	Sell	-400,000	Closed	-$12.7M	–	44
2024 Q3	$12.7M	Sell	400,000 -1,060,000	-73%	-$32.8M	0.59%	30
2024 Q2	$41.3M	Buy	+1,460,000	New	+$41.1M	1.91%	18
2023 Q4	–	Sell	-1,190,350	Closed	-$25.3M	–	40
2023 Q3	$25.3M	Sell	1,190,350 -284,356	-19%	-$6.42M	1.59%	22
2023 Q2	$29M	Buy	1,474,706 +1,264,706	+602%	+$25M	2.23%	19
2023 Q1	$4.36M	Buy	+210,000	New	+$5.22M	0.49%	34
2022 Q1	–	Sell	-467,469	Closed	-$13.9M	–	37
2021 Q4	$13.9M	Buy	+467,469	New	+$14.1M	6.42%	5

Other funds holding CADE

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

PCM

Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Balyasny Asset Management Chicago, Illinois $77.1B AUM 42.89% 1-Year Est. Return

North Reef Capital Management's CADE Position: Q4 2025 in Review

North Reef Capital Management sold out of Cadence Bank (CADE) in Q4 2025, closing a stake of 7,055,000 shares — an estimated $265M sold.

North Reef Capital Management first reported a position in CADE in Q4 2021 and held it in 7 quarters. The position peaked at $265M in Q3 2025. 416 funds tracked by Wall St. Rank hold CADE as of Q4 2025.

North Reef Capital Management reported no remaining Cadence Bank position as of Q4 2025 after selling out during the quarter.
North Reef Capital Management sold 7,055,000 Cadence Bank shares in Q4 2025, an estimated $265M.
North Reef Capital Management first reported a position in Cadence Bank in Q4 2021 and held it in 7 quarters.
North Reef Capital Management's Cadence Bank position peaked at $265M in Q3 2025.
416 funds tracked by Wall St. Rank held Cadence Bank as of Q4 2025.

Based on North Reef Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.