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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
-0.81%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$134M
AUM Growth
+$19.9M
Cap. Flow
+$23.3M
Cap. Flow %
17.35%
Top 10 Hldgs %
41.3%
Holding
42
New
3
Increased
17
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
CCNE icon
CNB Financial Corp
CCNE
+$4.36M
2
SFST icon
Southern First Bancshares
SFST
+$3M
3
CBAN icon
Colony Bankcorp
CBAN
+$2.78M
4
FRME icon
First Merchants
FRME
+$2.31M
5
EBMT icon
Eagle Bancorp Montana
EBMT
+$2.17M

Top Sells

Rank Stock Value
1
PFS icon
Provident Financial Services
PFS
+$2.16M
2
ACNB icon
ACNB Corp
ACNB
+$529K
3
WNEB icon
Western New England Bancorp
WNEB
+$250K
4
HBAN icon
Huntington Bancshares
HBAN
+$200K

Sector Composition

Rank Sector Weight
1 Financials 97.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BANC icon
1
Banc of California
BANC
$3.28B
$7.46M 5.55%
467,168
– –
HWC icon
2
Hancock Whitney
HWC
$6.13B
$6.51M 4.85%
142,218
– –
CBAN icon
3
Colony Bankcorp
CBAN
$462M
$6.18M 4.6%
474,063
+194,161
+69% +$2.78M
CARE icon
4
Carter Bankshares
CARE
$756M
$6.07M 4.52%
377,119
+27,230
+8% +$426K
FCNCA icon
5
First Citizens BancShares
FCNCA
$24.6B
$5.58M 4.15%
7,000
– –
MRBK icon
6
Meridian
MRBK
$236M
$5.11M 3.8%
350,000
– –
MPB icon
7
Mid Penn Bancorp
MPB
$942M
$4.83M 3.59%
168,116
+3,614
+2% +$104K
FXNC icon
8
First National Corp
FXNC
$269M
$4.73M 3.52%
309,440
+28,980
+10% +$498K
FRME icon
9
First Merchants
FRME
$2.72B
$4.55M 3.38%
117,547
+58,300
+98% +$2.31M
SBFG icon
10
SB Financial Group
SBFG
$160M
$4.48M 3.33%
265,710
– –
CBFV icon
11
CB Financial Services
CBFV
$182M
$4.47M 3.33%
205,622
+26,576
+15% +$599K
SNV
12
DELISTED
Synovus
SNV
$4.31M 3.2%
114,813
+27,500
+31% +$1.09M
EBMT icon
13
Eagle Bancorp Montana
EBMT
$186M
$4.3M 3.2%
226,480
+112,300
+98% +$2.17M
PNFP icon
14
Pinnacle Financial Partners Inc
PNFP
$15.5B
$4.23M 3.15%
52,119
+12,200
+31% +$975K
WAL icon
15
Western Alliance Bancorporation
WAL
$9.07B
$4.14M 3.08%
63,000
+15,500
+33% +$1.17M
CCNE icon
16
CNB Financial Corp
CCNE
$1.03B
$4.01M 2.98%
+170,164
New +$4.36M
CVLY
17
DELISTED
Codorus Valley Bancorp Inc
CVLY
$3.92M 2.92%
207,962
+50,000
+32% +$1.05M
WBS icon
18
Webster Financial
WBS
$12.3B
$3.66M 2.72%
81,025
– –
FNWB icon
19
First Northwest Bancorp
FNWB
$114M
$3.5M 2.6%
217,055
+106,181
+96% +$1.73M
BRBS icon
20
Blue Ridge Bankshares
BRBS
$311M
$3.49M 2.6%
274,775
– –
PACW
21
DELISTED
PacWest Bancorp
PACW
$3.47M 2.58%
153,345
+36,500
+31% +$982K
ISTR icon
22
Investar Holding Corp
ISTR
$411M
$3.42M 2.55%
172,043
– –
MLVF
23
DELISTED
Malvern Bancorp, Inc.
MLVF
$2.87M 2.14%
200,000
– –
WTFC icon
24
Wintrust Financial
WTFC
$10.7B
$2.85M 2.12%
35,000
– –
SFST icon
25
Southern First Bancshares
SFST
$582M
$2.83M 2.1%
+67,821
New +$3M
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 Q3 2022 Portfolio in Review

As of Q3 2022, Petiole USA held 42 positions worth $134M, up 17% from $114M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Petiole USA deployed $23.3M of net new capital in Q3 2022, opening 3 new positions and adding to 17 existing holdings. Its largest new stake was CNB Financial Corp: 170,164 shares worth $4.01M.

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

On the sell side, the largest reduction was Western New England Bancorp, an estimated $250K trimmed.

  • Petiole USA's largest Q3 2022 buy was CNB Financial Corp: 170,164 shares worth $4.01M.
  • Petiole USA added most to Colony Bankcorp in Q3 2022, an estimated $2.78M increase.
  • Petiole USA's biggest Q3 2022 reduction was Western New England Bancorp, cutting an estimated $250K.
  • Petiole USA fully exited Provident Financial Services in Q3 2022, selling an estimated $2.16M.
  • Petiole USA's ten largest holdings make up 41% of its $134M portfolio in Q3 2022.
  • Petiole USA opened 3 new positions and closed 2 in Q3 2022.
  • Petiole USA's portfolio value rose 17% quarter-over-quarter to $134M.

Based on Petiole USA's 13F filing for Q3 2022, filed 10 Nov 2022.