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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
+0.48%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$129M
AUM Growth
-$10.1M
Cap. Flow
-$9.58M
Cap. Flow %
-7.42%
Top 10 Hldgs %
45.61%
Holding
52
New
7
Increased
2
Reduced
8
Closed
11

Top Buys

Rank Stock Value
1
CBAN icon
Colony Bankcorp
CBAN
+$4.92M
2
WBS icon
Webster Financial
WBS
+$4.81M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$3.11M
4
EBMT icon
Eagle Bancorp Montana
EBMT
+$2.46M
5
FNB icon
FNB Corp
FNB
+$2.26M

Top Sells

Rank Stock Value
1
STL
Sterling Bancorp
STL
+$4.51M
2
CZWI icon
Citizens Community Bancorp
CZWI
+$4.15M
3
ICE icon
Intercontinental Exchange
ICE
+$4.1M
4
PFS icon
Provident Financial Services
PFS
+$3.88M
5
UCB
United Community Banks
UCB
+$2.47M

Sector Composition

Rank Sector Weight
1 Financials 96.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HBMD
51
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
– –
-95,500
Closed -$2.08M
STL
52
DELISTED
Sterling Bancorp
STL
– –
-175,000
Closed -$4.51M
1 2
3

Similar funds

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MFG
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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
EGM
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AGM
Aragon Global Management Miami, Florida $143M AUM 65.8% 1-Year Est. Return

Petiole USA's Q1 2022 Portfolio in Review

As of Q1 2022, Petiole USA held 52 positions worth $129M, down 7.3% from $139M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Petiole USA withdrew a net $9.58M in Q1 2022, closing 11 positions and reducing 8 holdings. Its most notable exit was Sterling Bancorp, an estimated $4.51M position sold in full.

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

Against the trend, Petiole USA opened a new position in Colony Bankcorp worth $4.64M.

  • Petiole USA's largest Q1 2022 buy was Colony Bankcorp: 272,728 shares worth $4.64M.
  • Petiole USA added most to First Northwest Bancorp in Q1 2022, an estimated $124K increase.
  • Petiole USA's biggest Q1 2022 reduction was Citizens Community Bancorp, cutting an estimated $4.15M.
  • Petiole USA fully exited Sterling Bancorp in Q1 2022, selling an estimated $4.51M.
  • Petiole USA's ten largest holdings make up 46% of its $129M portfolio in Q1 2022.
  • Petiole USA opened 7 new positions and closed 11 in Q1 2022.
  • Petiole USA's portfolio value fell 7.3% quarter-over-quarter to $129M.

Based on Petiole USA's 13F filing for Q1 2022, filed 12 May 2022.