Petiole USA Portfolio holdings

AUM $142M

This Quarter Return

-6.55%

1 Year Return

+18.85%

3 Year Return

+16.06%

5 Year Return

–

10 Year Return

–

AUM

$142M

AUM Growth

-$17.3M (-11%)

Cap. Flow

-$7.18M

Cap. Flow % of AUM

-5.08%

Top 10 Holdings %Top 10 Hldgs %

44.78%

Holding

New

Increased

–

Reduced

Closed

$2.44M

1	CB Financial Services CBFV	$4.15M
2	HTLF Heartland Financial USA, Inc. HTLF	$2.69M
3	HTB HomeTrust Bancshares, Inc. HTB	$1.04M
4	Eagle Bancorp Montana EBMT	$718K
5	Comerica CMA	$472K

Financials

100%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Zions Bancorporation ZION $8.39B	$2.49M	1.76%	50,000	–	–
27	27 UMB Financial UMBF $8.25B	$2.44M	1.72%	+24,122	New	+$2.44M
28	28 SouthState SSB $9.98B	$2.39M	1.69%	25,715	–	–
29	29 FNB Corp FNB $5.76B	$2.36M	1.67%	175,421	–	–
30	30 Banner Corp BANR $2.26B	$2.34M	1.66%	36,765	–	–
31	31 First Bank FRBA $390M	$2.29M	1.62%	154,660	–	–
32	32 Equity Bancshares EQBK $696M	$2.26M	1.6%	57,364	–	–
33	33 Primis Financial Corp FRST $294M	$2.25M	1.59%	230,222	–	–
34	34 Columbia Banking Systems COLB $5.12B	$2.24M	1.58%	89,780	–	–
35	35 Shore Bancshares SHBI $556M	$2M	1.41%	147,487	–	–
36	36 CB Financial Services CBFV $142M	$1.98M	1.4%	69,484 -145,714	-68%	-$4.15M
37	37 Hanmi Financial HAFC $789M	$1.62M	1.15%	71,651	–	–
38	HTB 38 HomeTrust Bancshares, Inc. HTB $711M	$1.62M	1.15%	47,295 -30,200	-39%	-$1.04M
39	39 Blue Ridge Bankshares BRBS $360M	–	–	-110,131	Closed	-$355K
40	HTLF 40 DELISTED Heartland Financial USA, Inc. HTLF	–	–	-43,859	Closed	-$2.69M