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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
-11.56%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$114M
AUM Growth
-$14.6M
Cap. Flow
+$1.44M
Cap. Flow %
1.26%
Top 10 Hldgs %
45.09%
Holding
43
New
2
Increased
8
Reduced
3
Closed
4

Top Buys

Rank Stock Value
1
WAL icon
Western Alliance Bancorporation
WAL
+$3.63M
2
CFG icon
Citizens Financial Group
CFG
+$2.24M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$1.96M
4
FRME icon
First Merchants
FRME
+$1.94M
5
PACW
PacWest Bancorp
PACW
+$485K

Top Sells

Rank Stock Value
1
FHN icon
First Horizon
FHN
+$4.75M
2
ISBC
Investors Bancorp, Inc.
ISBC
+$2.85M
3
LEVL
Level One Bancorp, Inc. Common Stock
LEVL
+$1.4M
4
FSFG
First Savings Financial Group
FSFG
+$548K
5
ACNB icon
ACNB Corp
ACNB
+$131K

Sector Composition

Rank Sector Weight
1 Financials 97.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRME icon
26
First Merchants
FRME
$2.72B
$2.11M 1.84%
59,247
+49,247
+492% +$1.94M
CFG icon
27
Citizens Financial Group
CFG
$30.4B
$2.03M 1.77%
+56,774
New +$2.24M
FNB icon
28
FNB Corp
FNB
$6.78B
$1.87M 1.63%
171,900
– –
FNWB icon
29
First Northwest Bancorp
FNWB
$114M
$1.73M 1.51%
110,874
+24,026
+28% +$446K
SHBI icon
30
Shore Bancshares
SHBI
$790M
$1.69M 1.48%
91,372
-1,200
-1% -$23.7K
FRST icon
31
Primis Financial Corp
FRST
$382M
$1.48M 1.3%
108,801
– –
HAFC icon
32
Hanmi Financial
HAFC
$943M
$1.26M 1.11%
56,351
– –
MDWT
33
DELISTED
Midwest Holding Inc. Common Stock
MDWT
$1.2M 1.04%
99,594
– –
WNEB icon
34
Western New England Bancorp
WNEB
$287M
$1.08M 0.95%
145,419
– –
TBNK
35
DELISTED
Territorial Bancorp Inc.
TBNK
$859K 0.75%
41,221
– –
CALB
36
DELISTED
California BanCorp Common Stock
CALB
$717K 0.63%
37,704
+6,914
+22% +$145K
BFIN
37
DELISTED
BankFinancial
BFIN
$655K 0.57%
69,724
– –
ACNB icon
38
ACNB Corp
ACNB
$634M
$529K 0.46%
17,831
-3,919
-18% -$131K
PEBK icon
39
Peoples Bancorp of North Carolina
PEBK
$229M
$477K 0.42%
17,550
– –
FHN icon
40
First Horizon
FHN
$12.1B
– –
-202,132
Closed -$4.75M
FSFG
41
DELISTED
First Savings Financial Group
FSFG
– –
-22,338
Closed -$548K
ISBC
42
DELISTED
Investors Bancorp, Inc.
ISBC
– –
-191,161
Closed -$2.85M
LEVL
43
DELISTED
Level One Bancorp, Inc. Common Stock
LEVL
– –
-35,000
Closed -$1.4M
1
2

Similar funds

IAG
Ipsen Advisor Group Little Rock, Arkansas $143M AUM 15.81% 1-Year Est. Return
MFG
Menard Financial Group Houston, Texas $143M AUM 27.87% 1-Year Est. Return
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 Q2 2022 Portfolio in Review

As of Q2 2022, Petiole USA held 43 positions worth $114M, down 11% from $129M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Petiole USA's Q2 2022 filing shows 2 new, 8 increased, 3 reduced and 4 closed positions. Its largest new stake was Western Alliance Bancorporation: 47,500 shares worth $3.35M. The largest sale was First Horizon, an estimated $4.75M.

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

  • Petiole USA's largest Q2 2022 buy was Western Alliance Bancorporation: 47,500 shares worth $3.35M.
  • Petiole USA added most to First Citizens BancShares in Q2 2022, an estimated $1.96M increase.
  • Petiole USA's biggest Q2 2022 reduction was ACNB Corp, cutting an estimated $131K.
  • Petiole USA fully exited First Horizon in Q2 2022, selling an estimated $4.75M.
  • Petiole USA's ten largest holdings make up 45% of its $114M portfolio in Q2 2022.
  • Petiole USA opened 2 new positions and closed 4 in Q2 2022.
  • Petiole USA's portfolio value fell 11% quarter-over-quarter to $114M.

Based on Petiole USA's 13F filing for Q2 2022, filed 12 Aug 2022.