We are live on
!
Find out more
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
+5.3%
1 Year Est. Return
+11.5%
3 Year Est. Return
+81.85%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$912M
AUM Growth
+$512M
(+128%)
Cap. Flow
+$502M
Cap. Flow
% of AUM
55.06%
Top 10 Holdings %
Top 10 Hldgs %
59.14%
Holding
48
New
11
Increased
21
Reduced
5
Closed
11
Avg Time Held
0.5
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameris Bancorp
ABCB
|
+$55.5M |
| 2 |
FRC
First Republic Bank
FRC
|
+$47.6M |
| 3 |
Bank of New York Mellon
BNY
|
+$47.2M |
| 4 |
Synovus
SNV
|
+$40.1M |
| 5 |
Texas Capital Bancshares
TCBI
|
+$38.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SouthState Bank Corp
SSB
|
+$24.2M |
| 2 |
First Citizens BancShares
FCNCA
|
+$18.8M |
| 3 |
FirstCash
FCFS
|
+$11M |
| 4 |
Comerica
CMA
|
+$7.51M |
| 5 |
ENVESTNET, INC.
ENV
|
+$6.66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 84.41% |
| 2 | Technology | 11.53% |
| 3 | Industrials | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
FRC
1
DELISTED
First Republic Bank
FRC
| $65.8M | 7.22% |
540,209
+389,718
| +259% | +$47.6M |
2022 Q1
3 quarters
|
|
|
2
Texas Capital Bancshares
TCBI
$3.95B
| $64.3M | 7.04% |
1,065,564
+648,954
| +156% | +$38.3M |
2021 Q4
4 quarters
|
|
|
3
DELISTED
Synovus
SNV
| $60.7M | 6.65% |
1,616,379
+1,009,882
| +167% | +$40.1M |
2021 Q4
4 quarters
|
|
4
Wintrust Financial
WTFC
$9.68B
| $60M | 6.58% |
710,073
+406,269
| +134% | +$35.9M |
2022 Q2
2 quarters
|
|
|
5
Ameris Bancorp
ABCB
$5.34B
| $52.3M | 5.73% |
+1,108,516
| New | +$55.5M |
2022 Q4
0 quarters
|
|
6
International Bancshares
IBOC
$4.21B
| $51.7M | 5.67% |
1,129,887
+778,028
| +221% | +$37.5M |
2022 Q3
1 quarter
|
|
7
Seacoast Banking Corp of Florida
SBCF
$3.14B
| $51.4M | 5.63% |
1,647,175
+712,084
| +76% | +$22.6M |
2021 Q4
4 quarters
|
|
|
8
Bank of New York Mellon
BNY
$96.9B
| $50.1M | 5.49% |
+1,100,327
| New | +$47.2M |
2022 Q4
0 quarters
|
|
9
Q2 Holdings
QTWO
$3.89B
| $45.6M | 5% |
1,697,772
+1,003,207
| +144% | +$28M |
2022 Q2
2 quarters
|
|
10
Cboe Global Markets
CBOE
$32.7B
| $37.7M | 4.13% |
300,137
+222,319
| +286% | +$27.4M |
2021 Q4
4 quarters
|
|
11
DELISTED
AvidXchange
AVDX
| $36.8M | 4.03% |
3,702,883
+2,634,041
| +246% | +$22.9M |
2022 Q3
1 quarter
|
|
12
Charles Schwab
SCHW
$159B
| $34.9M | 3.83% |
+419,414
| New | +$32.6M |
2022 Q4
0 quarters
|
|
13
Wells Fargo
WFC
$251B
| $31.4M | 3.44% |
760,823
+68,808
| +10% | +$3.05M |
2021 Q4
4 quarters
|
|
14
US Bancorp
USB
$91B
| $28.6M | 3.14% |
+656,457
| New | +$28.1M |
2022 Q4
0 quarters
|
|
15
Pinnacle Financial Partners Inc
PNFP
$14.3B
| $28M | 3.07% |
381,090
+139,569
| +58% | +$11.2M |
2022 Q1
3 quarters
|
|
|
PAYA
16
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
| $23.3M | 2.56% |
2,965,715
+1,539,332
| +108% | +$11.9M |
2022 Q2
2 quarters
|
|
17
ACI Worldwide
ACIW
$5.2B
| $22.7M | 2.49% |
988,662
+495,775
| +101% | +$10.7M |
2022 Q3
1 quarter
|
|
18
Acadian Asset Management
AAMI
$3.26B
| $22M | 2.42% |
1,071,338
+507,570
| +90% | +$9.58M |
2021 Q4
4 quarters
|
|
19
DELISTED
The First Bancshares, Inc.
FBMS
| $17.9M | 1.96% |
558,906
+310,577
| +125% | +$10.1M |
2022 Q1
3 quarters
|
|
20
Bank of America
BAC
$360B
| $17.3M | 1.89% |
521,435
-19,080
| -4% | -$657K |
2022 Q2
2 quarters
|
|
21
PNC Financial Services
PNC
$86.6B
| $13.8M | 1.51% |
+87,335
| New | +$13.7M |
2022 Q4
0 quarters
|
|
22
Global Payments
GPN
$22B
| $13.7M | 1.5% |
+137,959
| New | +$14.4M |
2022 Q4
0 quarters
|
|
23
First Western Financial
MYFW
$289M
| $11.6M | 1.27% |
411,092
+123,796
| +43% | +$3.45M |
2022 Q2
2 quarters
|
|
|
SIVB
24
DELISTED
SVB Financial Group
SIVB
| $8.9M | 0.98% |
+38,660
| New | +$9.6M |
2022 Q4
0 quarters
|
|
25
State Street
STT
$45.1B
| $8.48M | 0.93% |
+109,322
| New | +$8.05M |
2022 Q4
0 quarters
|
|
Similar funds
G
FHA
PUI
FHC
CFM
ACM
BCF
MG
North Reef Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, North Reef Capital Management held 48 positions worth $912M, up 128% from $401M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
North Reef Capital Management deployed $502M of net new capital in Q4 2022, opening 11 new positions and adding to 21 existing holdings. Its largest new stake was Ameris Bancorp: 1,108,516 shares worth $52.3M.
By sector, the portfolio is most concentrated in Financials at 84% of assets, up from 84% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was GCM Grosvenor, an estimated $3.51M trimmed.
- North Reef Capital Management's largest Q4 2022 buy was Ameris Bancorp: 1,108,516 shares worth $52.3M.
- North Reef Capital Management added most to First Republic Bank in Q4 2022, an estimated $47.6M increase.
- North Reef Capital Management's biggest Q4 2022 reduction was GCM Grosvenor, cutting an estimated $3.51M.
- North Reef Capital Management fully exited SouthState Bank Corp in Q4 2022, selling an estimated $24.2M.
- North Reef Capital Management's ten largest holdings make up 59% of its $912M portfolio in Q4 2022.
- North Reef Capital Management opened 11 new positions and closed 11 in Q4 2022.
- North Reef Capital Management's portfolio value rose 128% quarter-over-quarter to $912M.
Based on North Reef Capital Management's 13F filing for Q4 2022, filed 13 Feb 2023.