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NRCM
North Reef Capital Management Portfolio holdings
AUM
$2.61B
Turnover
39.06%
1-Year Est. Return
11.5%
This Fund
S&P 500
This Quarter
Est. Return
-14.94%
1 Year Est. Return
+11.5%
3 Year Est. Return
+81.85%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$356M
AUM Growth
+$111M
(+46%)
Cap. Flow
+$154M
Cap. Flow
% of AUM
43.39%
Top 10 Holdings %
Top 10 Hldgs %
64.61%
Holding
45
New
11
Increased
17
Reduced
6
Closed
11
Avg Time Held
0.3
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Q2 Holdings
QTWO
|
+$28.9M |
| 2 |
Synovus
SNV
|
+$25.9M |
| 3 |
FRC
First Republic Bank
FRC
|
+$20.6M |
| 4 |
Comerica
CMA
|
+$19.5M |
| 5 |
SouthState Bank Corp
SSB
|
+$17.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Global Payments
GPN
|
+$22M |
| 2 |
Hancock Whitney
HWC
|
+$14.1M |
| 3 |
Eagle Bancorp
EGBN
|
+$12.9M |
| 4 |
Charles Schwab
SCHW
|
+$9.27M |
| 5 |
Cullen/Frost Bankers
CFR
|
+$5.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 83.03% |
| 2 | Industrials | 10.54% |
| 3 | Technology | 6.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
DELISTED
Comerica
CMA
| $30.6M | 8.6% |
416,947
+241,947
| +138% | +$19.5M |
2021 Q4
2 quarters
|
|
|
2
DELISTED
Synovus
SNV
| $28M | 7.87% |
777,014
+627,014
| +418% | +$25.9M |
2021 Q4
2 quarters
|
|
|
3
SouthState Bank Corp
SSB
$9.88B
| $27.7M | 7.78% |
358,783
+220,804
| +160% | +$17.2M |
2022 Q1
1 quarter
|
|
|
FRC
4
DELISTED
First Republic Bank
FRC
| $26.7M | 7.51% |
185,306
+137,106
| +284% | +$20.6M |
2022 Q1
1 quarter
|
|
|
5
Q2 Holdings
QTWO
$3.88B
| $22.9M | 6.43% |
+593,398
| New | +$28.9M |
2022 Q2
0 quarters
|
|
6
Pinnacle Financial Partners Inc
PNFP
$14.2B
| $22.2M | 6.25% |
307,547
+82,547
| +37% | +$6.51M |
2022 Q1
1 quarter
|
|
7
Texas Capital Bancshares
TCBI
$3.95B
| $19M | 5.35% |
361,512
+236,912
| +190% | +$12.7M |
2021 Q4
2 quarters
|
|
8
Cboe Global Markets
CBOE
$32.7B
| $18.8M | 5.29% |
166,222
-6,008
| -3% | -$675K |
2021 Q4
2 quarters
|
|
9
Wells Fargo
WFC
$250B
| $17.4M | 4.9% |
444,762
+89,762
| +25% | +$3.94M |
2021 Q4
2 quarters
|
|
|
EVOP
10
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $16.5M | 4.63% |
700,858
+45,858
| +7% | +$1.04M |
2021 Q4
2 quarters
|
|
11
Seacoast Banking Corp of Florida
SBCF
$3.13B
| $15.5M | 4.35% |
468,393
+348,393
| +290% | +$11.6M |
2021 Q4
2 quarters
|
|
12
Wintrust Financial
WTFC
$9.65B
| $15.1M | 4.25% |
+188,700
| New | +$16.2M |
2022 Q2
0 quarters
|
|
13
First Citizens BancShares
FCNCA
$23.9B
| $9.83M | 2.76% |
+15,029
| New | +$9.8M |
2022 Q2
0 quarters
|
|
|
PAYA
14
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
| $9.54M | 2.68% |
+1,451,657
| New | +$8.18M |
2022 Q2
0 quarters
|
|
15
Acadian Asset Management
AAMI
$3.25B
| $8.09M | 2.27% |
448,952
+408,952
| +1,022% | +$8.38M |
2021 Q4
2 quarters
|
|
16
DELISTED
The First Bancshares, Inc.
FBMS
| $7.38M | 2.08% |
258,200
+233,200
| +933% | +$7.24M |
2022 Q1
1 quarter
|
|
17
DELISTED
ENVESTNET, INC.
ENV
| $6.49M | 1.82% |
122,995
+92,995
| +310% | +$6.36M |
2022 Q1
1 quarter
|
|
18
GCM Grosvenor
GCMG
$771M
| $5.78M | 1.62% |
843,125
+568,125
| +207% | +$4.63M |
2021 Q4
2 quarters
|
|
|
AMNB
19
DELISTED
American National Bankshares Inc
AMNB
| $5.24M | 1.47% |
151,507
+98,534
| +186% | +$3.49M |
2021 Q4
2 quarters
|
|
|
PACW
20
DELISTED
PacWest Bancorp
PACW
| $5.16M | 1.45% |
+193,400
| New | +$6.26M |
2022 Q2
0 quarters
|
|
|
21
Global Payments
GPN
$22B
| $4.98M | 1.4% |
44,974
-173,946
| -79% | -$22M |
2021 Q4
2 quarters
|
|
22
Bank of America
BAC
$360B
| $4.82M | 1.35% |
+154,800
| New | +$5.57M |
2022 Q2
0 quarters
|
|
23
Bankunited
BKU
$2.97B
| $4.45M | 1.25% |
+125,000
| New | +$4.95M |
2022 Q2
0 quarters
|
|
24
Peapack-Gladstone Financial
PGC
$767M
| $4.33M | 1.22% |
145,737
+53,462
| +58% | +$1.71M |
2022 Q1
1 quarter
|
|
25
BOK Financial
BOKF
$7.57B
| $3.46M | 0.97% |
45,851
+18,651
| +69% | +$1.57M |
2022 Q1
1 quarter
|
|
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North Reef Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, North Reef Capital Management held 45 positions worth $356M, up 46% from $245M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
North Reef Capital Management deployed $154M of net new capital in Q2 2022, opening 11 new positions and adding to 17 existing holdings. Its largest new stake was Q2 Holdings: 593,398 shares worth $22.9M.
By sector, the portfolio is most concentrated in Financials at 83% of assets, up from 78% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Global Payments, an estimated $22M trimmed.
- North Reef Capital Management's largest Q2 2022 buy was Q2 Holdings: 593,398 shares worth $22.9M.
- North Reef Capital Management added most to Synovus in Q2 2022, an estimated $25.9M increase.
- North Reef Capital Management's biggest Q2 2022 reduction was Global Payments, cutting an estimated $22M.
- North Reef Capital Management fully exited Hancock Whitney in Q2 2022, selling an estimated $14.1M.
- North Reef Capital Management's ten largest holdings make up 65% of its $356M portfolio in Q2 2022.
- North Reef Capital Management opened 11 new positions and closed 11 in Q2 2022.
- North Reef Capital Management's portfolio value rose 46% quarter-over-quarter to $356M.
Based on North Reef Capital Management's 13F filing for Q2 2022, filed 12 Aug 2022.