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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
BANC icon
1
Banc of California
BANC
$3.28B
$9.04M 7.01%
467,168
+1
+0% +$20
HWC icon
2
Hancock Whitney
HWC
$6.13B
$7.42M 5.75%
142,218
-10,000
-7% -$539K
FXNC icon
3
First National Corp
FXNC
$269M
$6.41M 4.96%
280,460
– –
CARE icon
4
Carter Bankshares
CARE
$756M
$6.08M 4.71%
349,889
– –
MRBK icon
5
Meridian
MRBK
$236M
$5.62M 4.35%
350,000
– –
SBFG icon
6
SB Financial Group
SBFG
$160M
$5.29M 4.1%
265,710
-1
-0% -$19
MPB icon
7
Mid Penn Bancorp
MPB
$942M
$5.08M 3.93%
159,984
– –
FHN icon
8
First Horizon
FHN
$12.1B
$4.75M 3.68%
202,132
– –
CBAN icon
9
Colony Bankcorp
CBAN
$462M
$4.64M 3.6%
+272,728
New +$4.92M
WBS icon
10
Webster Financial
WBS
$12.3B
$4.55M 3.52%
+81,025
New +$4.81M
PACW
11
DELISTED
PacWest Bancorp
PACW
$4.39M 3.4%
101,845
– –
CBFV icon
12
CB Financial Services
CBFV
$182M
$4.32M 3.34%
179,046
– –
SNV
13
DELISTED
Synovus
SNV
$4.28M 3.31%
87,313
– –
BRBS icon
14
Blue Ridge Bankshares
BRBS
$311M
$4.17M 3.23%
274,775
-16,273
-6% -$272K
PNFP icon
15
Pinnacle Financial Partners Inc
PNFP
$15.5B
$3.68M 2.85%
39,919
– –
CVLY
16
DELISTED
Codorus Valley Bancorp Inc
CVLY
$3.48M 2.69%
157,962
– –
ISTR icon
17
Investar Holding Corp
ISTR
$411M
$3.28M 2.54%
172,043
– –
WTFC icon
18
Wintrust Financial
WTFC
$10.7B
$3.25M 2.52%
35,000
– –
MLVF
19
DELISTED
Malvern Bancorp, Inc.
MLVF
$3.22M 2.5%
200,000
– –
HBAN icon
20
Huntington Bancshares
HBAN
$35.1B
$2.99M 2.31%
204,355
-72,000
-26% -$1.13M
ISBC
21
DELISTED
Investors Bancorp, Inc.
ISBC
$2.85M 2.21%
191,161
– –
FBNC icon
22
First Bancorp
FBNC
$2.6B
$2.84M 2.2%
68,000
– –
CZWI icon
23
Citizens Community Bancorp
CZWI
$227M
$2.77M 2.15%
183,495
-275,802
-60% -$4.15M
FCNCA icon
24
First Citizens BancShares
FCNCA
$24.6B
$2.66M 2.06%
+4,000
New +$3.11M
PFS icon
25
Provident Financial Services
PFS
$3.11B
$2.33M 1.8%
99,405
-161,100
-62% -$3.88M
1
2 3

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 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.