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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
+1.49%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$109M
AUM Growth
+$7.06M
Cap. Flow
+$7.66M
Cap. Flow %
7.01%
Top 10 Hldgs %
45.63%
Holding
41
New
4
Increased
4
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
BANR icon
Banner Corp
BANR
+$2.75M
2
FLG
Flagstar Bank National Association
FLG
+$1.87M
3
FRBA icon
First Bank
FRBA
+$1.79M
4
CCNE icon
CNB Financial Corp
CCNE
+$1.26M
5
CMA
Comerica
CMA
+$1.13M

Top Sells

Rank Stock Value
1
MLVF
Malvern Bancorp, Inc.
MLVF
+$3.15M
2
PACW
PacWest Bancorp
PACW
+$480K

Sector Composition

Rank Sector Weight
1 Financials 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SSB icon
26
SouthState Bank Corp
SSB
$10.2B
$1.73M 1.59%
25,715
– –
CFG icon
27
Citizens Financial Group
CFG
$30.1B
$1.7M 1.56%
63,454
– –
HTB
28
HomeTrust Bancshares
HTB
$833M
$1.68M 1.54%
77,495
– –
FRBA icon
29
First Bank
FRBA
$467M
$1.67M 1.53%
+154,660
New +$1.79M
COLB icon
30
Columbia Banking Systems
COLB
$8.74B
$1.6M 1.46%
78,780
+40,000
+103% +$835K
SHBI icon
31
Shore Bancshares
SHBI
$799M
$1.55M 1.42%
147,487
+84,572
+134% +$962K
FBNC icon
32
First Bancorp
FBNC
$2.59B
$1.53M 1.4%
54,400
– –
CALB
33
DELISTED
California BanCorp Common Stock
CALB
$1.4M 1.28%
69,563
– –
FNB icon
34
FNB Corp
FNB
$6.71B
$1.28M 1.17%
118,421
– –
BRBS icon
35
Blue Ridge Bankshares
BRBS
$314M
$1.24M 1.14%
274,775
– –
CCNE icon
36
CNB Financial Corp
CCNE
$1.02B
$1.23M 1.12%
+67,770
New +$1.26M
BCAL icon
37
Southern California Bancorp
BCAL
$681M
$1.19M 1.09%
85,000
– –
HAFC icon
38
Hanmi Financial
HAFC
$942M
$1.16M 1.06%
71,651
– –
FRST icon
39
Primis Financial Corp
FRST
$393M
$887K 0.81%
108,801
– –
PACW
40
DELISTED
PacWest Bancorp
PACW
– –
-58,935
Closed -$480K
MLVF
41
DELISTED
Malvern Bancorp, Inc.
MLVF
– –
-200,000
Closed -$3.15M
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 2023 Portfolio in Review

As of Q3 2023, Petiole USA held 41 positions worth $109M, up 6.9% from $102M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Petiole USA deployed $7.66M of net new capital in Q3 2023, opening 4 new positions and adding to 4 existing holdings. Its largest new stake was Banner Corp: 61,382 shares worth $2.6M.

By sector, the portfolio is most concentrated in Financials at 100% of assets, up from 100% a quarter earlier.

On the sell side, the most notable exit was Malvern Bancorp, Inc., an estimated $3.15M sold.

  • Petiole USA's largest Q3 2023 buy was Banner Corp: 61,382 shares worth $2.6M.
  • Petiole USA added most to Comerica in Q3 2023, an estimated $1.13M increase.
  • Petiole USA fully exited Malvern Bancorp, Inc. in Q3 2023, selling an estimated $3.15M.
  • Petiole USA's ten largest holdings make up 46% of its $109M portfolio in Q3 2023.
  • Petiole USA opened 4 new positions and closed 2 in Q3 2023.
  • Petiole USA's portfolio value rose 6.9% quarter-over-quarter to $109M.

Based on Petiole USA's 13F filing for Q3 2023, filed 14 Nov 2023.