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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
-3.33%
1 Year Est. Return
+11.03%
3 Year Est. Return
+68.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$245M
AUM Growth
+$27.6M
Cap. Flow
+$37.1M
Cap. Flow %
15.15%
Top 10 Hldgs %
67.89%
Holding
46
New
13
Increased
14
Reduced
7
Closed
12

Top Buys

Rank Stock Value
1
GPN icon
Global Payments
GPN
+$28.1M
2
PNFP icon
Pinnacle Financial Partners Inc
PNFP
+$22.2M
3
CBOE icon
Cboe Global Markets
CBOE
+$17M
4
SSB icon
SouthState Bank Corp
SSB
+$11.9M
5
FRC
First Republic Bank
FRC
+$8.41M

Top Sells

Rank Stock Value
1
IBOC icon
International Bancshares
IBOC
+$19.2M
2
CADE
Cadence Bank
CADE
+$13.9M
3
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$13.1M
4
BKU icon
Bankunited
BKU
+$10.2M
5
AUB icon
Atlantic Union Bankshares
AUB
+$8.67M

Sector Composition

Rank Sector Weight
1 Financials 75.08%
2 Industrials 19.35%
3 Technology 2.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GPN icon
1
Global Payments
GPN
$22.5B
$30M 12.25%
218,920
+200,987
+1,121% +$28.1M
PNFP icon
2
Pinnacle Financial Partners Inc
PNFP
$16.1B
$20.7M 8.47%
+225,000
New +$22.2M
CBOE icon
3
Cboe Global Markets
CBOE
$29.9B
$19.7M 8.06%
172,230
+143,177
+493% +$17M
WFC icon
4
Wells Fargo
WFC
$264B
$17.2M 7.04%
355,000
+35,266
+11% +$1.89M
CMA
5
DELISTED
Comerica
CMA
$15.8M 6.47%
175,000
+17,000
+11% +$1.6M
EVOP
6
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
$15.1M 6.18%
655,000
+263,066
+67% +$6.25M
HWC icon
7
Hancock Whitney
HWC
$6.25B
$14.1M 5.76%
270,000
+141,588
+110% +$7.64M
EGBN icon
8
Eagle Bancorp
EGBN
$845M
$12.9M 5.26%
225,560
+89,834
+66% +$5.37M
SSB icon
9
SouthState Bank Corp
SSB
$10.5B
$11.3M 4.6%
+137,979
New +$11.9M
SCHW
10
Charles Schwab
SCHW
$187B
$9.27M 3.79%
110,000
+65,000
+144% +$5.72M
FRC
11
DELISTED
First Republic Bank
FRC
$7.81M 3.2%
+48,200
New +$8.41M
CFR icon
12
Cullen/Frost Bankers
CFR
$10.2B
$7.61M 3.11%
55,000
+31,885
+138% +$4.44M
SNV
13
DELISTED
Synovus
SNV
$7.35M 3.01%
150,000
-151,848
-50% -$7.69M
TCBI icon
14
Texas Capital Bancshares
TCBI
$4.33B
$7.14M 2.92%
124,600
-35,400
-22% -$2.26M
IBTX
15
DELISTED
Independent Bank Group, Inc.
IBTX
$6.05M 2.47%
85,000
+55,000
+183% +$4.18M
AVDX
16
DELISTED
AvidXchange
AVDX
$5.5M 2.25%
683,256
+503,256
+280% +$5.07M
PNC icon
17
PNC Financial Services
PNC
$101B
$4.98M 2.04%
+27,000
New +$5.46M
SBCF icon
18
Seacoast Banking Corp of Florida
SBCF
$3.35B
$4.2M 1.72%
120,000
-359,452
-75% -$13.1M
RJF icon
19
Raymond James Financial
RJF
$34.2B
$3.3M 1.35%
+30,000
New +$3.18M
PGC icon
20
Peapack-Gladstone Financial
PGC
$812M
$3.21M 1.31%
+92,275
New +$3.4M
GCMG icon
21
GCM Grosvenor
GCMG
$824M
$2.67M 1.09%
275,000
+90,000
+49% +$890K
BOKF icon
22
BOK Financial
BOKF
$8.74B
$2.56M 1.04%
+27,200
New +$2.81M
MTB icon
23
M&T Bank
MTB
$36.1B
$2.54M 1.04%
15,000
+7,581
+102% +$1.34M
JHG
24
DELISTED
Janus Henderson
JHG
$2.28M 0.93%
65,000
-88,936
-58% -$3.2M
ENV
25
DELISTED
ENVESTNET, INC.
ENV
$2.23M 0.91%
+30,000
New +$2.2M
1
2

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North Reef Capital Management's Q1 2022 Portfolio in Review

As of Q1 2022, North Reef Capital Management held 46 positions worth $245M, up 13% from $217M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

North Reef Capital Management deployed $37.1M of net new capital in Q1 2022, opening 13 new positions and adding to 14 existing holdings. Its largest new stake was Pinnacle Financial Partners Inc: 225,000 shares worth $20.7M.

By sector, the portfolio is most concentrated in Financials at 75% of assets, down from 93% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Seacoast Banking Corp of Florida, an estimated $13.1M trimmed.

  • North Reef Capital Management's largest Q1 2022 buy was Pinnacle Financial Partners Inc: 225,000 shares worth $20.7M.
  • North Reef Capital Management added most to Global Payments in Q1 2022, an estimated $28.1M increase.
  • North Reef Capital Management's biggest Q1 2022 reduction was Seacoast Banking Corp of Florida, cutting an estimated $13.1M.
  • North Reef Capital Management fully exited International Bancshares in Q1 2022, selling an estimated $19.2M.
  • North Reef Capital Management's ten largest holdings make up 68% of its $245M portfolio in Q1 2022.
  • North Reef Capital Management opened 13 new positions and closed 12 in Q1 2022.
  • North Reef Capital Management's portfolio value rose 13% quarter-over-quarter to $245M.

Based on North Reef Capital Management's 13F filing for Q1 2022, filed 13 May 2022.