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Petiole USA Portfolio holdings

AUM $143M
1-Year Est. Return 19.66%
This Fund
S&P 500
This Quarter Est. Return
+0.48%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$129M
AUM Growth
-$10.1M
Cap. Flow
-$9.58M
Cap. Flow %
-7.42%
Top 10 Hldgs %
45.61%
Holding
52
New
7
Increased
2
Reduced
8
Closed
11

Top Buys

Rank Stock Value
1
CBAN icon
Colony Bankcorp
CBAN
+$4.92M
2
WBS icon
Webster Financial
WBS
+$4.81M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$3.11M
4
EBMT icon
Eagle Bancorp Montana
EBMT
+$2.46M
5
FNB icon
FNB Corp
FNB
+$2.26M

Top Sells

Rank Stock Value
1
STL
Sterling Bancorp
STL
+$4.51M
2
CZWI icon
Citizens Community Bancorp
CZWI
+$4.15M
3
ICE icon
Intercontinental Exchange
ICE
+$4.1M
4
PFS icon
Provident Financial Services
PFS
+$3.88M
5
UCB
United Community Banks
UCB
+$2.47M

Sector Composition

Rank Sector Weight
1 Financials 96.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FNB icon
26
FNB Corp
FNB
$6.81B
$2.14M 1.66%
+171,900
New +$2.26M
FNWB icon
27
First Northwest Bancorp
FNWB
$112M
$1.92M 1.49%
86,848
+5,600
+7% +$124K
SHBI icon
28
Shore Bancshares
SHBI
$817M
$1.9M 1.47%
92,572
-2,543
-3% -$52.2K
EBMT icon
29
Eagle Bancorp Montana
EBMT
$188M
$1.83M 1.42%
+108,612
New +$2.46M
MDWT
30
DELISTED
Midwest Holding Inc. Common Stock
MDWT
$1.67M 1.29%
99,594
– –
FRST icon
31
Primis Financial Corp
FRST
$398M
$1.52M 1.18%
108,801
– –
LEVL
32
DELISTED
Level One Bancorp, Inc. Common Stock
LEVL
$1.4M 1.08%
+35,000
New +$1.43M
HAFC icon
33
Hanmi Financial
HAFC
$947M
$1.39M 1.07%
56,351
– –
WNEB icon
34
Western New England Bancorp
WNEB
$295M
$1.3M 1.01%
145,419
– –
TBNK
35
DELISTED
Territorial Bancorp Inc.
TBNK
$989K 0.77%
41,221
– –
ACNB icon
36
ACNB Corp
ACNB
$659M
$760K 0.59%
21,750
– –
BFIN
37
DELISTED
BankFinancial
BFIN
$722K 0.56%
69,724
– –
CALB
38
DELISTED
California BanCorp Common Stock
CALB
$708K 0.55%
30,790
– –
FSFG
39
DELISTED
First Savings Financial Group
FSFG
$548K 0.42%
22,338
– –
PEBK icon
40
Peoples Bancorp of North Carolina
PEBK
$231M
$504K 0.39%
17,550
-1,490
-8% -$42.2K
FRME icon
41
First Merchants
FRME
$2.74B
$416K 0.32%
+10,000
New +$434K
BCML icon
42
BayCom
BCML
$335M
– –
-79,152
Closed -$1.49M
FRAF icon
43
Franklin Financial Services
FRAF
$288M
– –
-13,820
Closed -$457K
ICE icon
44
Intercontinental Exchange
ICE
$86.4B
– –
-30,000
Closed -$4.1M
LARK icon
45
Landmark Bancorp
LARK
$195M
– –
-12,472
Closed -$294K
OVBC icon
46
Ohio Valley Banc Corp
OVBC
$198M
– –
-23,121
Closed -$686K
ZION icon
47
Zions Bancorporation
ZION
$10.1B
– –
-26,197
Closed -$1.66M
UCB
48
United Community Banks
UCB
$4.27B
– –
-68,603
Closed -$2.47M
SASR
49
DELISTED
Sandy Spring Bancorp Inc
SASR
– –
-15,528
Closed -$747K
SBT
50
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
– –
-103,235
Closed -$594K
1
2
3

Similar funds

IAG
Ipsen Advisor Group Little Rock, Arkansas $143M AUM 15.81% 1-Year Est. Return
MFG
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GT
GreatBanc Trust Lisle, Illinois $143M AUM
MFG
Mustico Financial Group Elmira, New York $143M AUM 15.64% 1-Year Est. Return
OFO
OneAscent Family Office Birmingham, Alabama $143M AUM 24.13% 1-Year Est. Return
12CM
11.2 Capital Management Las Vegas, Nevada $143M AUM
SC
Settian Capital New York $143M AUM 13.68% 1-Year Est. Return
HWM
Hemming & Wealth Management Traverse City, Michigan $143M AUM

Petiole USA's Q1 2022 Portfolio in Review

As of Q1 2022, Petiole USA held 52 positions worth $129M, down 7.3% from $139M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Petiole USA withdrew a net $9.58M in Q1 2022, closing 11 positions and reducing 8 holdings. Its most notable exit was Sterling Bancorp, an estimated $4.51M position sold in full.

By sector, the portfolio is most concentrated in Financials at 97% of assets, down from 97% a quarter earlier.

Against the trend, Petiole USA opened a new position in Colony Bankcorp worth $4.64M.

  • Petiole USA's largest Q1 2022 buy was Colony Bankcorp: 272,728 shares worth $4.64M.
  • Petiole USA added most to First Northwest Bancorp in Q1 2022, an estimated $124K increase.
  • Petiole USA's biggest Q1 2022 reduction was Citizens Community Bancorp, cutting an estimated $4.15M.
  • Petiole USA fully exited Sterling Bancorp in Q1 2022, selling an estimated $4.51M.
  • Petiole USA's ten largest holdings make up 46% of its $129M portfolio in Q1 2022.
  • Petiole USA opened 7 new positions and closed 11 in Q1 2022.
  • Petiole USA's portfolio value fell 7.3% quarter-over-quarter to $129M.

Based on Petiole USA's 13F filing for Q1 2022, filed 12 May 2022.