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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
+12.44%
1 Year Est. Return
+11.03%
3 Year Est. Return
+68.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.14B
AUM Growth
-$15.9M
Cap. Flow
-$240M
Cap. Flow %
-11.21%
Top 10 Hldgs %
63.59%
Holding
56
New
10
Increased
13
Reduced
25
Closed
8

Top Buys

Rank Stock Value
1
CMA
Comerica
CMA
+$81.3M
2
GPN icon
Global Payments
GPN
+$55M
3
CME icon
CME Group
CME
+$46.6M
4
SNV
Synovus
SNV
+$27M
5
SCHW
Charles Schwab
SCHW
+$26.6M

Top Sells

Rank Stock Value
1
CBOE icon
Cboe Global Markets
CBOE
+$118M
2
TFC icon
Truist Financial
TFC
+$89.4M
3
WFC icon
Wells Fargo
WFC
+$75.2M
4
FBMS
The First Bancshares, Inc.
FBMS
+$35.3M
5
CADE
Cadence Bank
CADE
+$32.8M

Sector Composition

Rank Sector Weight
1 Financials 79.89%
2 Technology 15.66%
3 Industrials 4.04%
4 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GABC icon
51
German American Bancorp
GABC
$1.9B
– –
-19,998
Closed -$707K
LOB icon
52
Live Oak Bancshares
LOB
$1.97B
– –
-300,012
Closed -$10.5M
SF
53
Stifel
SF
$12.6B
– –
-330,018
Closed -$18.5M
TFC icon
54
Truist Financial
TFC
$64B
– –
-2,300,000
Closed -$89.4M
FBMS
55
DELISTED
The First Bancshares, Inc.
FBMS
– –
-1,358,528
Closed -$35.3M
CFB
56
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
– –
-849,760
Closed -$11.9M
1 2
3

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CCPM
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MYLI
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PFM
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North Reef Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, North Reef Capital Management held 56 positions worth $2.14B, down 0.74% from $2.16B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

North Reef Capital Management withdrew a net $240M in Q3 2024, closing 8 positions and reducing 25 holdings. Its most notable exit was Truist Financial, an estimated $89.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 80% of assets, down from 84% a quarter earlier, followed by Technology and Industrials.

Against the trend, North Reef Capital Management opened a new position in CME Group worth $49.6M.

  • North Reef Capital Management's largest Q3 2024 buy was CME Group: 225,000 shares worth $49.6M.
  • North Reef Capital Management added most to Comerica in Q3 2024, an estimated $81.3M increase.
  • North Reef Capital Management's biggest Q3 2024 reduction was Cboe Global Markets, cutting an estimated $118M.
  • North Reef Capital Management fully exited Truist Financial in Q3 2024, selling an estimated $89.4M.
  • North Reef Capital Management's ten largest holdings make up 64% of its $2.14B portfolio in Q3 2024.
  • North Reef Capital Management opened 10 new positions and closed 8 in Q3 2024.
  • North Reef Capital Management's portfolio value fell 0.74% quarter-over-quarter to $2.14B.

Based on North Reef Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.