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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
-2.17%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$128M
AUM Growth
-$7.47M
Cap. Flow
-$122K
Cap. Flow %
-0.1%
Top 10 Hldgs %
45.15%
Holding
40
New
1
Increased
1
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
MCHB
Mechanics Bancorp
MCHB
+$5.66M
2
CCNE icon
CNB Financial Corp
CCNE
+$436K

Top Sells

Rank Stock Value
1
FLG
Flagstar Bank National Association
FLG
+$2.05M
2
WAL icon
Western Alliance Bancorporation
WAL
+$1.53M
3
MRBK icon
Meridian
MRBK
+$1.12M
4
CMA
Comerica
CMA
+$783K
5
CFG icon
Citizens Financial Group
CFG
+$722K

Sector Composition

Rank Sector Weight
1 Financials 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRBA icon
26
First Bank
FRBA
$473M
$2.13M 1.66%
154,660
– –
HTB
27
HomeTrust Bancshares
HTB
$856M
$2.12M 1.66%
77,495
– –
EQBK icon
28
Equity Bancshares
EQBK
$1.05B
$1.97M 1.54%
57,364
– –
FBNC icon
29
First Bancorp
FBNC
$2.66B
$1.96M 1.54%
54,400
– –
COLB icon
30
Columbia Banking Systems
COLB
$8.84B
$1.74M 1.36%
89,780
– –
SHBI icon
31
Shore Bancshares
SHBI
$817M
$1.7M 1.33%
147,487
– –
FNB icon
32
FNB Corp
FNB
$6.81B
$1.67M 1.31%
118,421
– –
CALB
33
DELISTED
California BanCorp Common Stock
CALB
$1.53M 1.2%
69,563
– –
CFG icon
34
Citizens Financial Group
CFG
$30.8B
$1.5M 1.18%
41,454
-22,000
-35% -$722K
FRST icon
35
Primis Financial Corp
FRST
$398M
$1.32M 1.04%
108,801
– –
BCAL icon
36
Southern California Bancorp
BCAL
$691M
$1.27M 0.99%
85,000
– –
HAFC icon
37
Hanmi Financial
HAFC
$947M
$1.14M 0.89%
71,651
– –
BRBS icon
38
Blue Ridge Bankshares
BRBS
$322M
$739K 0.58%
274,775
– –
MRBK icon
39
Meridian
MRBK
$241M
– –
-80,741
Closed -$1.12M
FLG
40
Flagstar Bank National Association
FLG
$5.83B
– –
-66,891
Closed -$2.05M
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 2024 Portfolio in Review

As of Q1 2024, Petiole USA held 40 positions worth $128M, down 5.5% from $135M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Petiole USA's Q1 2024 filing shows 1 new, 1 increased, 3 reduced and 2 closed positions. Its largest new stake was Mechanics Bancorp: 411,803 shares worth $6.2M. The largest sale was Flagstar Bank National Association, an estimated $2.05M.

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

  • Petiole USA's largest Q1 2024 buy was Mechanics Bancorp: 411,803 shares worth $6.2M.
  • Petiole USA added most to CNB Financial Corp in Q1 2024, an estimated $436K increase.
  • Petiole USA's biggest Q1 2024 reduction was Western Alliance Bancorporation, cutting an estimated $1.53M.
  • Petiole USA fully exited Flagstar Bank National Association in Q1 2024, selling an estimated $2.05M.
  • Petiole USA's ten largest holdings make up 45% of its $128M portfolio in Q1 2024.
  • Petiole USA opened 1 new position and closed 2 in Q1 2024.
  • Petiole USA's portfolio value fell 5.5% quarter-over-quarter to $128M.

Based on Petiole USA's 13F filing for Q1 2024, filed 14 May 2024.