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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
-1.61%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$119M
AUM Growth
-$8.61M
Cap. Flow
-$4.99M
Cap. Flow %
-4.18%
Top 10 Hldgs %
46.53%
Holding
38
New
–
Increased
1
Reduced
6
Closed
–

Top Buys

Rank Stock Value
1
MCHB
Mechanics Bancorp
MCHB
+$725K

Top Sells

Rank Stock Value
1
HWC icon
Hancock Whitney
HWC
+$1.6M
2
CMA
Comerica
CMA
+$1.12M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$1.06M
4
PNFP icon
Pinnacle Financial Partners Inc
PNFP
+$734K
5
SNV
Synovus
SNV
+$723K

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
$451M
$1.97M 1.65%
154,660
– –
SSB icon
27
SouthState Bank Corp
SSB
$10.3B
$1.97M 1.65%
25,715
– –
COLB icon
28
Columbia Banking Systems
COLB
$8.81B
$1.79M 1.5%
89,780
– –
SHBI icon
29
Shore Bancshares
SHBI
$790M
$1.69M 1.42%
147,487
– –
FNB icon
30
FNB Corp
FNB
$6.78B
$1.62M 1.36%
118,421
– –
CALB
31
DELISTED
California BanCorp Common Stock
CALB
$1.5M 1.25%
69,563
– –
CFG icon
32
Citizens Financial Group
CFG
$30.4B
$1.49M 1.25%
41,454
– –
FBNC icon
33
First Bancorp
FBNC
$2.6B
$1.26M 1.06%
39,400
-15,000
-28% -$477K
HAFC icon
34
Hanmi Financial
HAFC
$943M
$1.2M 1.01%
71,651
– –
BCAL icon
35
Southern California Bancorp
BCAL
$676M
$1.14M 0.96%
85,000
– –
FRST icon
36
Primis Financial Corp
FRST
$382M
$1.14M 0.96%
108,801
– –
CMA
37
DELISTED
Comerica
CMA
$1.12M 0.94%
21,855
-21,870
-50% -$1.12M
BRBS icon
38
Blue Ridge Bankshares
BRBS
$311M
$717K 0.6%
274,775
– –
1
2

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MFG
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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
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HWM
Hemming & Wealth Management Traverse City, Michigan $143M AUM

Petiole USA's Q2 2024 Portfolio in Review

As of Q2 2024, Petiole USA held 38 positions worth $119M, down 6.7% from $128M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Petiole USA withdrew a net $4.99M in Q2 2024, reducing 6 holdings. Its largest reduction was Hancock Whitney, cutting an estimated $1.6M.

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

Against the trend, Petiole USA added an estimated $725K to Mechanics Bancorp.

  • Petiole USA added most to Mechanics Bancorp in Q2 2024, an estimated $725K increase.
  • Petiole USA's biggest Q2 2024 reduction was Hancock Whitney, cutting an estimated $1.6M.
  • Petiole USA's ten largest holdings make up 47% of its $119M portfolio in Q2 2024.
  • Petiole USA opened 0 new positions and closed 0 in Q2 2024.
  • Petiole USA's portfolio value fell 6.7% quarter-over-quarter to $119M.

Based on Petiole USA's 13F filing for Q2 2024, filed 13 Aug 2024.