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NRCM

North Reef Capital Management Portfolio holdings

AUM $2.91B
1-Year Est. Return 11.03%
This Fund
S&P 500
This Quarter Est. Return
-0.46%
1 Year Est. Return
+11.03%
3 Year Est. Return
+68.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.16B
AUM Growth
+$241M
Cap. Flow
+$239M
Cap. Flow %
11.07%
Top 10 Hldgs %
60.39%
Holding
57
New
13
Increased
18
Reduced
15
Closed
11

Top Buys

Rank Stock Value
1
CADE
Cadence Bank
CADE
+$41.1M
2
SNV
Synovus
SNV
+$39.8M
3
GPN icon
Global Payments
GPN
+$34.7M
4
CBOE icon
Cboe Global Markets
CBOE
+$27.5M
5
MKTX icon
MarketAxess Holdings
MKTX
+$26.8M

Top Sells

Rank Stock Value
1
IBOC icon
International Bancshares
IBOC
+$27.5M
2
FIS icon
Fidelity National Information Services
FIS
+$24.4M
3
PGC icon
Peapack-Gladstone Financial
PGC
+$9.7M
4
PNFP icon
Pinnacle Financial Partners Inc
PNFP
+$9.28M
5
QTWO icon
Q2 Holdings
QTWO
+$8.57M

Sector Composition

Rank Sector Weight
1 Financials 84.25%
2 Technology 14.34%
3 Industrials 1.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FOUR icon
51
Shift4
FOUR
$3.27B
– –
-25,000
Closed -$1.65M
MLNK
52
DELISTED
MeridianLink
MLNK
– –
-54,997
Closed -$1.03M
NTRS icon
53
Northern Trust
NTRS
$33.9B
– –
-75,000
Closed -$6.67M
PGC icon
54
Peapack-Gladstone Financial
PGC
$812M
– –
-398,696
Closed -$9.7M
USB icon
55
US Bancorp
USB
$99.6B
– –
-100,000
Closed -$4.47M
VCTR icon
56
Victory Capital Holdings
VCTR
$6.66B
– –
-132,308
Closed -$5.61M
NVEI
57
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
– –
-265,000
Closed -$8.38M
1 2
3

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North Reef Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, North Reef Capital Management held 57 positions worth $2.16B, up 13% from $1.92B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

North Reef Capital Management deployed $239M of net new capital in Q2 2024, opening 13 new positions and adding to 18 existing holdings. Its largest new stake was Cadence Bank: 1,460,000 shares worth $41.3M.

By sector, the portfolio is most concentrated in Financials at 84% of assets, down from 84% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was International Bancshares, an estimated $27.5M trimmed.

  • North Reef Capital Management's largest Q2 2024 buy was Cadence Bank: 1,460,000 shares worth $41.3M.
  • North Reef Capital Management added most to Synovus in Q2 2024, an estimated $39.8M increase.
  • North Reef Capital Management's biggest Q2 2024 reduction was International Bancshares, cutting an estimated $27.5M.
  • North Reef Capital Management fully exited Peapack-Gladstone Financial in Q2 2024, selling an estimated $9.7M.
  • North Reef Capital Management's ten largest holdings make up 60% of its $2.16B portfolio in Q2 2024.
  • North Reef Capital Management opened 13 new positions and closed 11 in Q2 2024.
  • North Reef Capital Management's portfolio value rose 13% quarter-over-quarter to $2.16B.

Based on North Reef Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.