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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
-11.56%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$114M
AUM Growth
-$14.6M
Cap. Flow
+$1.44M
Cap. Flow %
1.26%
Top 10 Hldgs %
45.09%
Holding
43
New
2
Increased
8
Reduced
3
Closed
4

Top Buys

Rank Stock Value
1
WAL icon
Western Alliance Bancorporation
WAL
+$3.63M
2
CFG icon
Citizens Financial Group
CFG
+$2.24M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$1.96M
4
FRME icon
First Merchants
FRME
+$1.94M
5
PACW
PacWest Bancorp
PACW
+$485K

Top Sells

Rank Stock Value
1
FHN icon
First Horizon
FHN
+$4.75M
2
ISBC
Investors Bancorp, Inc.
ISBC
+$2.85M
3
LEVL
Level One Bancorp, Inc. Common Stock
LEVL
+$1.4M
4
FSFG
First Savings Financial Group
FSFG
+$548K
5
ACNB icon
ACNB Corp
ACNB
+$131K

Sector Composition

Rank Sector Weight
1 Financials 97.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BANC icon
1
Banc of California
BANC
$3.28B
$8.23M 7.19%
467,168
– –
HWC icon
2
Hancock Whitney
HWC
$6.13B
$6.3M 5.51%
142,218
– –
MRBK icon
3
Meridian
MRBK
$236M
$5.3M 4.63%
350,000
– –
FXNC icon
4
First National Corp
FXNC
$269M
$5.12M 4.47%
280,460
– –
CARE icon
5
Carter Bankshares
CARE
$756M
$4.62M 4.04%
349,889
– –
SBFG icon
6
SB Financial Group
SBFG
$160M
$4.59M 4.01%
265,710
– –
FCNCA icon
7
First Citizens BancShares
FCNCA
$24.6B
$4.58M 4%
7,000
+3,000
+75% +$1.96M
MPB icon
8
Mid Penn Bancorp
MPB
$942M
$4.44M 3.88%
164,502
+4,518
+3% +$120K
CBAN icon
9
Colony Bankcorp
CBAN
$462M
$4.22M 3.69%
279,902
+7,174
+3% +$120K
BRBS icon
10
Blue Ridge Bankshares
BRBS
$311M
$4.21M 3.68%
274,775
– –
CBFV icon
11
CB Financial Services
CBFV
$182M
$4.09M 3.58%
179,046
– –
ISTR icon
12
Investar Holding Corp
ISTR
$411M
$3.77M 3.29%
172,043
– –
CVLY
13
DELISTED
Codorus Valley Bancorp Inc
CVLY
$3.56M 3.11%
157,962
– –
WBS icon
14
Webster Financial
WBS
$12.3B
$3.42M 2.98%
81,025
– –
WAL icon
15
Western Alliance Bancorporation
WAL
$9.07B
$3.35M 2.93%
+47,500
New +$3.63M
MLVF
16
DELISTED
Malvern Bancorp, Inc.
MLVF
$3.21M 2.81%
200,000
– –
SNV
17
DELISTED
Synovus
SNV
$3.15M 2.75%
87,313
– –
PACW
18
DELISTED
PacWest Bancorp
PACW
$3.12M 2.72%
116,845
+15,000
+15% +$485K
PNFP icon
19
Pinnacle Financial Partners Inc
PNFP
$15.5B
$2.89M 2.52%
39,919
– –
WTFC icon
20
Wintrust Financial
WTFC
$10.7B
$2.81M 2.45%
35,000
– –
CZWI icon
21
Citizens Community Bancorp
CZWI
$227M
$2.54M 2.22%
183,495
– –
HBAN icon
22
Huntington Bancshares
HBAN
$35.1B
$2.46M 2.15%
204,355
– –
FBNC icon
23
First Bancorp
FBNC
$2.6B
$2.37M 2.07%
68,000
– –
EBMT icon
24
Eagle Bancorp Montana
EBMT
$186M
$2.27M 1.99%
114,180
+5,568
+5% +$113K
PFS icon
25
Provident Financial Services
PFS
$3.11B
$2.16M 1.89%
97,069
-2,336
-2% -$52.2K
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 Q2 2022 Portfolio in Review

As of Q2 2022, Petiole USA held 43 positions worth $114M, down 11% from $129M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Petiole USA's Q2 2022 filing shows 2 new, 8 increased, 3 reduced and 4 closed positions. Its largest new stake was Western Alliance Bancorporation: 47,500 shares worth $3.35M. The largest sale was First Horizon, an estimated $4.75M.

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

  • Petiole USA's largest Q2 2022 buy was Western Alliance Bancorporation: 47,500 shares worth $3.35M.
  • Petiole USA added most to First Citizens BancShares in Q2 2022, an estimated $1.96M increase.
  • Petiole USA's biggest Q2 2022 reduction was ACNB Corp, cutting an estimated $131K.
  • Petiole USA fully exited First Horizon in Q2 2022, selling an estimated $4.75M.
  • Petiole USA's ten largest holdings make up 45% of its $114M portfolio in Q2 2022.
  • Petiole USA opened 2 new positions and closed 4 in Q2 2022.
  • Petiole USA's portfolio value fell 11% quarter-over-quarter to $114M.

Based on Petiole USA's 13F filing for Q2 2022, filed 12 Aug 2022.