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Petiole USA Portfolio holdings
AUM
$139M
1-Year Est. Return
34.86%
This Fund
S&P 500
This Quarter
Est. Return
-14.27%
1 Year Est. Return
+34.86%
3 Year Est. Return
+105.29%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$119M
AUM Growth
-$17M
(-12%)
Cap. Flow
-$12.5M
Cap. Flow
% of AUM
-10.49%
Top 10 Holdings %
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 |
First Northwest Bancorp
FNWB
|
+$354K |
| 3 |
Mid Penn Bancorp
MPB
|
+$314K |
| 4 |
HTB
HomeTrust Bancshares
HTB
|
+$126K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PACW
PacWest Bancorp
PACW
|
+$2.6M |
| 2 |
Western Alliance Bancorporation
WAL
|
+$1.22M |
| 3 |
Banc of California
BANC
|
+$1.13M |
| 4 |
Huntington Bancshares
HBAN
|
+$1.07M |
| 5 |
Hancock Whitney
HWC
|
+$980K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 86.78% |
| 2 | Miscellaneous | 13.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HTB
26
HomeTrust Bancshares
HTB
$772M
| $1.91M | 1.6% |
77,495
+4,792
| +7% | +$126K |
|
27
SouthState Bank Corp
SSB
$10.1B
| $1.83M | 1.53% |
25,715
-4,485
| -15% | -$349K |
|
|
28
Western Alliance Bancorporation
WAL
$8.49B
| $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 |
|
31
FNB Corp
FNB
$6.37B
| $1.37M | 1.15% |
118,421
-37,979
| -24% | -$507K |
|
|
CALB
32
DELISTED
California BanCorp Common Stock
CALB
| $1.36M | 1.14% |
69,563
| – | – |
|
33
Hanmi Financial
HAFC
$951M
| $1.33M | 1.11% |
71,651
| – | – |
|
34
Primis Financial Corp
FRST
$391M
| $1.05M | 0.88% |
108,801
| – | – |
|
35
Shore Bancshares
SHBI
$775M
| $898K | 0.75% |
62,915
-4,000
| -6% | -$66.5K |
|
36
Columbia Banking Systems
COLB
$8.41B
| $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 |
|
38
CNB Financial Corp
CCNE
$1.01B
| – | – |
-38,591
| Closed | -$918K |
|
|
39
Huntington Bancshares
HBAN
$32B
| – | – |
-75,705
| Closed | -$1.07M |
|
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BAM
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HFA
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LAA
BCP
AFC
CPC
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 withdrew a net $12.5M in Q1 2023, closing 2 positions and reducing 17 holdings. Its most notable exit was Huntington Bancshares, an estimated $1.07M position sold in full.
By sector, the portfolio is most concentrated in Financials at 87% of assets, down from 100% a quarter earlier, followed by Miscellaneous.
Against the trend, Petiole USA added an estimated $1.36M to The First Bancshares, Inc..
- 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.