We are live on ! Find out more
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
-10.42%
1 Year Est. Return
+11.03%
3 Year Est. Return
+68.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$893M
AUM Growth
-$19.8M
Cap. Flow
+$102M
Cap. Flow %
11.46%
Top 10 Hldgs %
58.3%
Holding
49
New
12
Increased
21
Reduced
7
Closed
9

Top Buys

Rank Stock Value
1
GPN icon
Global Payments
GPN
+$42.5M
2
C icon
Citigroup
C
+$33.5M
3
CMA
Comerica
CMA
+$33M
4
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$32.4M
5
ABCB icon
Ameris Bancorp
ABCB
+$30.4M

Top Sells

Rank Stock Value
1
FRC
First Republic Bank
FRC
+$65.8M
2
TCBI icon
Texas Capital Bancshares
TCBI
+$54.2M
3
SCHW
Charles Schwab
SCHW
+$34.9M
4
PAYA
Paya Holdings Inc. Class A Common Stock
PAYA
+$23.3M
5
BNY
Bank of New York Mellon
BNY
+$18.8M

Sector Composition

Rank Sector Weight
1 Financials 83.52%
2 Technology 10.23%
3 Industrials 6.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SNV
1
DELISTED
Synovus
SNV
$73.5M 8.24%
2,385,000
+768,621
+48% +$29.3M
ABCB icon
2
Ameris Bancorp
ABCB
$5.89B
$65.3M 7.32%
1,785,000
+676,484
+61% +$30.4M
SBCF icon
3
Seacoast Banking Corp of Florida
SBCF
$3.35B
$64.9M 7.27%
2,737,713
+1,090,538
+66% +$32.4M
GPN icon
4
Global Payments
GPN
$22.8B
$55.8M 6.25%
530,000
+392,041
+284% +$42.5M
IBOC icon
5
International Bancshares
IBOC
$4.57B
$55.2M 6.19%
1,289,463
+159,576
+14% +$7.25M
WFC icon
6
Wells Fargo
WFC
$264B
$52.3M 5.86%
1,400,000
+639,177
+84% +$27.9M
CBOE icon
7
Cboe Global Markets
CBOE
$29.9B
$46M 5.16%
342,850
+42,713
+14% +$5.36M
WTFC icon
8
Wintrust Financial
WTFC
$10.7B
$37.3M 4.18%
510,968
-199,105
-28% -$17M
C icon
9
Citigroup
C
$226B
$36.3M 4.07%
775,000
+682,758
+740% +$33.5M
AVDX
10
DELISTED
AvidXchange
AVDX
$33.7M 3.77%
4,315,000
+612,117
+17% +$5.89M
QTWO icon
11
Q2 Holdings
QTWO
$3.92B
$33.2M 3.73%
1,350,437
-347,335
-20% -$10.3M
BNY
12
Bank of New York Mellon
BNY
$107B
$32.4M 3.63%
712,438
-387,889
-35% -$18.8M
AAMI
13
Acadian Asset Management
AAMI
$3.2B
$28.4M 3.19%
1,206,187
+134,849
+13% +$3.17M
PNFP icon
14
Pinnacle Financial Partners Inc
PNFP
$15.8B
$24.3M 2.72%
440,000
+58,910
+15% +$4.13M
PNC icon
15
PNC Financial Services
PNC
$101B
$24.1M 2.71%
190,000
+102,665
+118% +$15.5M
CMA
16
DELISTED
Comerica
CMA
$22.4M 2.51%
+515,000
New +$33M
FBMS
17
DELISTED
The First Bancshares, Inc.
FBMS
$21.8M 2.44%
842,260
+283,354
+51% +$8.35M
ACIW icon
18
ACI Worldwide
ACIW
$5.46B
$20.3M 2.28%
753,665
-234,997
-24% -$6.22M
HTH icon
19
Hilltop Holdings
HTH
$2.24B
$17.2M 1.93%
579,599
+354,993
+158% +$11.2M
USB icon
20
US Bancorp
USB
$99.6B
$16.5M 1.85%
456,888
-199,569
-30% -$8.89M
FHN icon
21
First Horizon
FHN
$12.1B
$14.2M 1.59%
+800,000
New +$17.8M
FITB
22
Fifth Third Bancorp
FITB
$51.8B
$13.8M 1.55%
+519,163
New +$17.2M
FCNCA icon
23
First Citizens BancShares
FCNCA
$25.3B
$12.9M 1.45%
+13,283
New +$9.87M
TCBI icon
24
Texas Capital Bancshares
TCBI
$4.32B
$8.97M 1%
183,156
-882,408
-83% -$54.2M
MYFW icon
25
First Western Financial
MYFW
$306M
$8.51M 0.95%
430,000
+18,908
+5% +$467K
1
2

Similar funds

BAM
BCV Asset Management Winnipeg $2.91B AUM
SCM
Silvant Capital Management Atlanta, Georgia $2.89B AUM 34.45% 1-Year Est. Return
HCC
Hirtle Callaghan & Co West Conshohocken, Pennsylvania $2.92B AUM 17.65% 1-Year Est. Return
CCPM
Cooper Creek Partners Management New York $2.92B AUM 30.49% 1-Year Est. Return
SCM
Steadfast Capital Management New York $2.92B AUM 26.34% 1-Year Est. Return
MYLI
Meiji Yasuda Life Insurance Tokyo, Japan $2.93B AUM 4.27% 1-Year Est. Return
CCM
CloudAlpha Capital Management Hong Kong $2.93B AUM 345.92% 1-Year Est. Return
PFM
Potomac Fund Management Miami, Florida $2.88B AUM 15.75% 1-Year Est. Return

North Reef Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, North Reef Capital Management held 49 positions worth $893M, down 2.2% from $912M the previous quarter. Its ten largest holdings account for 58% of the portfolio.

North Reef Capital Management deployed $102M of net new capital in Q1 2023, opening 12 new positions and adding to 21 existing holdings. Its largest new stake was Comerica: 515,000 shares worth $22.4M.

By sector, the portfolio is most concentrated in Financials at 84% of assets, up from 77% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Texas Capital Bancshares, an estimated $54.2M trimmed.

  • North Reef Capital Management's largest Q1 2023 buy was Comerica: 515,000 shares worth $22.4M.
  • North Reef Capital Management added most to Global Payments in Q1 2023, an estimated $42.5M increase.
  • North Reef Capital Management's biggest Q1 2023 reduction was Texas Capital Bancshares, cutting an estimated $54.2M.
  • North Reef Capital Management fully exited First Republic Bank in Q1 2023, selling an estimated $65.8M.
  • North Reef Capital Management's ten largest holdings make up 58% of its $893M portfolio in Q1 2023.
  • North Reef Capital Management opened 12 new positions and closed 9 in Q1 2023.
  • North Reef Capital Management's portfolio value fell 2.2% quarter-over-quarter to $893M.

Based on North Reef Capital Management's 13F filing for Q1 2023, filed 12 May 2023.