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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
-14.27%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$119M
AUM Growth
-$17M
Cap. Flow
+$7.89M
Cap. Flow %
6.6%
Top 10 Hldgs %
50.55%
Holding
39
New
1
Increased
4
Reduced
17
Closed
2

Top Buys

Rank Stock Value
1
FBMS
The First Bancshares, Inc.
FBMS
+$1.36M
2
FNWB icon
First Northwest Bancorp
FNWB
+$354K
3
MPB icon
Mid Penn Bancorp
MPB
+$314K
4
HTB
HomeTrust Bancshares
HTB
+$126K

Top Sells

Rank Stock Value
1
PACW
PacWest Bancorp
PACW
+$2.6M
2
WAL icon
Western Alliance Bancorporation
WAL
+$1.22M
3
BANC icon
Banc of California
BANC
+$1.13M
4
HBAN icon
Huntington Bancshares
HBAN
+$1.07M
5
HWC icon
Hancock Whitney
HWC
+$980K

Sector Composition

Rank Sector Weight
1 Financials 86.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTB
26
HomeTrust Bancshares
HTB
$856M
$1.91M 1.6%
77,495
+4,792
+7% +$126K
SSB icon
27
SouthState Bank Corp
SSB
$10.3B
$1.83M 1.53%
25,715
-4,485
-15% -$349K
WAL icon
28
Western Alliance Bancorporation
WAL
$9.13B
$1.69M 1.42%
47,625
-19,875
-29% -$1.22M
MDWT
29
DELISTED
Midwest Holding Inc. Common Stock
MDWT
$1.57M 1.32%
99,594
– –
CMA
30
DELISTED
Comerica
CMA
$1.51M 1.27%
34,850
-9,150
-21% -$586K
FNB icon
31
FNB Corp
FNB
$6.81B
$1.37M 1.15%
118,421
-37,979
-24% -$507K
CALB
32
DELISTED
California BanCorp Common Stock
CALB
$1.36M 1.14%
69,563
– –
HAFC icon
33
Hanmi Financial
HAFC
$947M
$1.33M 1.11%
71,651
– –
FRST icon
34
Primis Financial Corp
FRST
$398M
$1.05M 0.88%
108,801
– –
SHBI icon
35
Shore Bancshares
SHBI
$817M
$898K 0.75%
62,915
-4,000
-6% -$66.5K
COLB icon
36
Columbia Banking Systems
COLB
$8.84B
$831K 0.7%
38,780
-6,720
-15% -$187K
PACW
37
DELISTED
PacWest Bancorp
PACW
$573K 0.48%
58,935
-116,910
-66% -$2.6M
CCNE icon
38
CNB Financial Corp
CCNE
$1.05B
– –
-38,591
Closed -$918K
HBAN icon
39
Huntington Bancshares
HBAN
$35B
– –
-75,705
Closed -$1.07M
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 Q1 2023 Portfolio in Review

As of Q1 2023, Petiole USA held 39 positions worth $119M, down 12% from $136M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Petiole USA deployed $7.89M of net new capital in Q1 2023, opening 1 new position and adding to 4 existing holdings.

By sector, the portfolio is most concentrated in Financials at 86% of assets, down from 97% a quarter earlier.

On the sell side, the largest reduction was PacWest Bancorp, an estimated $2.6M trimmed.

  • Petiole USA added most to The First Bancshares, Inc. in Q1 2023, an estimated $1.36M increase.
  • Petiole USA's biggest Q1 2023 reduction was PacWest Bancorp, cutting an estimated $2.6M.
  • Petiole USA fully exited Huntington Bancshares in Q1 2023, selling an estimated $1.07M.
  • Petiole USA's ten largest holdings make up 51% of its $119M portfolio in Q1 2023.
  • Petiole USA opened 1 new position and closed 2 in Q1 2023.
  • Petiole USA's portfolio value fell 12% quarter-over-quarter to $119M.

Based on Petiole USA's 13F filing for Q1 2023, filed 12 May 2023.