North Reef Capital Management’s Shift4 FOUR Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-155,929	Closed	-$9.82M	–	66
2025 Q4	$9.82M	Buy	155,929 +52,873	+51%	+$3.74M	0.4%	32
2025 Q3	$7.98M	Buy	103,056 +78,056	+312%	+$7.26M	0.37%	26
2025 Q2	$2.48M	Sell	25,000 -55,000	-69%	-$4.79M	0.11%	38
2025 Q1	$6.54M	Sell	80,000 -44,998	-36%	-$4.64M	0.28%	35
2024 Q4	$13M	Buy	+124,998	New	+$12.4M	0.58%	26
2024 Q2	–	Sell	-25,000	Closed	-$1.65M	–	51
2024 Q1	$1.65M	Sell	25,000 -106,189	-81%	-$7.99M	0.09%	38
2023 Q4	$9.75M	Buy	+131,189	New	+$7.82M	0.57%	28

Other funds holding FOUR

DPCM

Darlington Partners Capital Management Greenbrae, California $2.27B AUM 18.22% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

DCP

Durable Capital Partners Bethesda, Maryland $10.3B AUM 29.04% 1-Year Est. Return

Wasatch Advisors Salt Lake City, Utah $15.3B AUM 25.06% 1-Year Est. Return

Ensign Peak Advisors Salt Lake City, Utah $60.8B AUM 42.06% 1-Year Est. Return

Neuberger Berman Group New York $150B AUM 40.08% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

State Street Boston, Massachusetts $3.38T AUM 44.17% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

North Reef Capital Management's FOUR Position: Q1 2026 in Review

North Reef Capital Management sold out of Shift4 (FOUR) in Q1 2026, closing a stake of 155,929 shares — an estimated $9.82M sold.

North Reef Capital Management first reported a position in FOUR in Q4 2023 and held it in 7 quarters. The position peaked at $13M in Q4 2024. 353 funds tracked by Wall St. Rank hold FOUR as of Q1 2026.

North Reef Capital Management reported no remaining Shift4 position as of Q1 2026 after selling out during the quarter.
North Reef Capital Management sold 155,929 Shift4 shares in Q1 2026, an estimated $9.82M.
North Reef Capital Management first reported a position in Shift4 in Q4 2023 and held it in 7 quarters.
North Reef Capital Management's Shift4 position peaked at $13M in Q4 2024.
353 funds tracked by Wall St. Rank held Shift4 as of Q1 2026.

Based on North Reef Capital Management's 13F filing for Q1 2026, filed 15 May 2026.