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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
-0.81%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$134M
AUM Growth
+$19.9M
Cap. Flow
+$23.3M
Cap. Flow %
17.35%
Top 10 Hldgs %
41.3%
Holding
42
New
3
Increased
17
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
CCNE icon
CNB Financial Corp
CCNE
+$4.36M
2
SFST icon
Southern First Bancshares
SFST
+$3M
3
CBAN icon
Colony Bankcorp
CBAN
+$2.78M
4
FRME icon
First Merchants
FRME
+$2.31M
5
EBMT icon
Eagle Bancorp Montana
EBMT
+$2.17M

Top Sells

Rank Stock Value
1
PFS icon
Provident Financial Services
PFS
+$2.16M
2
ACNB icon
ACNB Corp
ACNB
+$529K
3
WNEB icon
Western New England Bancorp
WNEB
+$250K
4
HBAN icon
Huntington Bancshares
HBAN
+$200K

Sector Composition

Rank Sector Weight
1 Financials 97.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CFG icon
26
Citizens Financial Group
CFG
$30.1B
$2.62M 1.95%
76,274
+19,500
+34% +$721K
HBAN icon
27
Huntington Bancshares
HBAN
$34.7B
$2.5M 1.86%
189,355
-15,000
-7% -$200K
FBNC icon
28
First Bancorp
FBNC
$2.59B
$2.49M 1.85%
68,000
– –
FNB icon
29
FNB Corp
FNB
$6.71B
$2.38M 1.77%
204,900
+33,000
+19% +$391K
CZWI icon
30
Citizens Community Bancorp
CZWI
$206M
$2.23M 1.66%
183,495
– –
SHBI icon
31
Shore Bancshares
SHBI
$799M
$1.58M 1.18%
91,372
– –
HAFC icon
32
Hanmi Financial
HAFC
$942M
$1.55M 1.15%
65,551
+9,200
+16% +$226K
FBMS
33
DELISTED
The First Bancshares, Inc.
FBMS
$1.49M 1.11%
+49,917
New +$1.49M
FRST icon
34
Primis Financial Corp
FRST
$393M
$1.32M 0.98%
108,801
– –
MDWT
35
DELISTED
Midwest Holding Inc. Common Stock
MDWT
$1.32M 0.98%
99,594
– –
CALB
36
DELISTED
California BanCorp Common Stock
CALB
$1.15M 0.85%
56,618
+18,914
+50% +$383K
WNEB icon
37
Western New England Bancorp
WNEB
$290M
$937K 0.7%
115,231
-30,188
-21% -$250K
TBNK
38
DELISTED
Territorial Bancorp Inc.
TBNK
$764K 0.57%
41,221
– –
BFIN
39
DELISTED
BankFinancial
BFIN
$660K 0.49%
69,724
– –
PEBK icon
40
Peoples Bancorp of North Carolina
PEBK
$229M
$435K 0.32%
17,550
– –
ACNB icon
41
ACNB Corp
ACNB
$654M
– –
-17,831
Closed -$529K
PFS icon
42
Provident Financial Services
PFS
$3.11B
– –
-97,069
Closed -$2.16M
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 Q3 2022 Portfolio in Review

As of Q3 2022, Petiole USA held 42 positions worth $134M, up 17% from $114M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Petiole USA deployed $23.3M of net new capital in Q3 2022, opening 3 new positions and adding to 17 existing holdings. Its largest new stake was CNB Financial Corp: 170,164 shares worth $4.01M.

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

On the sell side, the largest reduction was Western New England Bancorp, an estimated $250K trimmed.

  • Petiole USA's largest Q3 2022 buy was CNB Financial Corp: 170,164 shares worth $4.01M.
  • Petiole USA added most to Colony Bankcorp in Q3 2022, an estimated $2.78M increase.
  • Petiole USA's biggest Q3 2022 reduction was Western New England Bancorp, cutting an estimated $250K.
  • Petiole USA fully exited Provident Financial Services in Q3 2022, selling an estimated $2.16M.
  • Petiole USA's ten largest holdings make up 41% of its $134M portfolio in Q3 2022.
  • Petiole USA opened 3 new positions and closed 2 in Q3 2022.
  • Petiole USA's portfolio value rose 17% quarter-over-quarter to $134M.

Based on Petiole USA's 13F filing for Q3 2022, filed 10 Nov 2022.