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PU

Petiole USA Portfolio holdings

AUM $143M
1-Year Est. Return 19.66%
This Fund
S&P 500
This Quarter Est. Return
-14.27%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$119M
AUM Growth
-$17M
Cap. Flow
+$7.89M
Cap. Flow %
6.6%
Top 10 Hldgs %
50.55%
Holding
39
New
1
Increased
4
Reduced
17
Closed
2

Top Buys

Rank Stock Value
1
FBMS
The First Bancshares, Inc.
FBMS
+$1.36M
2
FNWB icon
First Northwest Bancorp
FNWB
+$354K
3
MPB icon
Mid Penn Bancorp
MPB
+$314K
4
HTB
HomeTrust Bancshares
HTB
+$126K

Top Sells

Rank Stock Value
1
PACW
PacWest Bancorp
PACW
+$2.6M
2
WAL icon
Western Alliance Bancorporation
WAL
+$1.22M
3
BANC icon
Banc of California
BANC
+$1.13M
4
HBAN icon
Huntington Bancshares
HBAN
+$1.07M
5
HWC icon
Hancock Whitney
HWC
+$980K

Sector Composition

Rank Sector Weight
1 Financials 86.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KRE icon
1
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
$15.8M 13.22%
+360,000
New +$20.4M
FCNCA icon
2
First Citizens BancShares
FCNCA
$24.6B
$5.79M 4.85%
5,950
-1,050
-15% -$780K
CARE icon
3
Carter Bankshares
CARE
$756M
$5.56M 4.65%
396,873
– –
MPB icon
4
Mid Penn Bancorp
MPB
$942M
$5.05M 4.23%
197,111
+10,626
+6% +$314K
BANC icon
5
Banc of California
BANC
$3.28B
$4.98M 4.17%
397,168
-70,000
-15% -$1.13M
FXNC icon
6
First National Corp
FXNC
$269M
$4.92M 4.12%
311,440
– –
CBAN icon
7
Colony Bankcorp
CBAN
$462M
$4.84M 4.05%
474,063
– –
CBFV icon
8
CB Financial Services
CBFV
$182M
$4.67M 3.91%
215,198
– –
HWC icon
9
Hancock Whitney
HWC
$6.13B
$4.41M 3.69%
121,218
-21,000
-15% -$980K
FBMS
10
DELISTED
The First Bancshares, Inc.
FBMS
$4.38M 3.67%
169,502
+46,275
+38% +$1.36M
CVLY
11
DELISTED
Codorus Valley Bancorp Inc
CVLY
$4.32M 3.61%
207,962
– –
SBFG icon
12
SB Financial Group
SBFG
$160M
$3.75M 3.14%
265,710
– –
EBMT icon
13
Eagle Bancorp Montana
EBMT
$186M
$3.27M 2.73%
231,480
– –
MRBK icon
14
Meridian
MRBK
$236M
$3.23M 2.7%
256,166
– –
FRME icon
15
First Merchants
FRME
$2.72B
$3.1M 2.59%
94,047
-23,500
-20% -$931K
MLVF
16
DELISTED
Malvern Bancorp, Inc.
MLVF
$3.04M 2.54%
200,000
– –
FNWB icon
17
First Northwest Bancorp
FNWB
$114M
$3.02M 2.53%
262,697
+25,000
+11% +$354K
SNV
18
DELISTED
Synovus
SNV
$2.94M 2.46%
95,318
-19,335
-17% -$736K
BRBS icon
19
Blue Ridge Bankshares
BRBS
$311M
$2.8M 2.35%
274,775
– –
WBS icon
20
Webster Financial
WBS
$12.3B
$2.72M 2.27%
68,875
-12,150
-15% -$583K
PNFP icon
21
Pinnacle Financial Partners Inc
PNFP
$15.5B
$2.54M 2.12%
46,004
-7,965
-15% -$559K
ISTR icon
22
Investar Holding Corp
ISTR
$411M
$2.4M 2.01%
172,043
– –
WTFC icon
23
Wintrust Financial
WTFC
$10.7B
$2.17M 1.82%
29,750
-5,250
-15% -$449K
FBNC icon
24
First Bancorp
FBNC
$2.6B
$1.93M 1.62%
54,400
-13,600
-20% -$541K
CFG icon
25
Citizens Financial Group
CFG
$30.4B
$1.93M 1.61%
63,454
-12,820
-17% -$502K
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 Q1 2023 Portfolio in Review

As of Q1 2023, Petiole USA held 39 positions worth $119M, down 12% from $136M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Petiole USA deployed $7.89M of net new capital in Q1 2023, opening 1 new position and adding to 4 existing holdings.

By sector, the portfolio is most concentrated in Financials at 86% of assets, down from 97% a quarter earlier.

On the sell side, the largest reduction was PacWest Bancorp, an estimated $2.6M trimmed.

  • Petiole USA added most to The First Bancshares, Inc. in Q1 2023, an estimated $1.36M increase.
  • Petiole USA's biggest Q1 2023 reduction was PacWest Bancorp, cutting an estimated $2.6M.
  • Petiole USA fully exited Huntington Bancshares in Q1 2023, selling an estimated $1.07M.
  • Petiole USA's ten largest holdings make up 51% of its $119M portfolio in Q1 2023.
  • Petiole USA opened 1 new position and closed 2 in Q1 2023.
  • Petiole USA's portfolio value fell 12% quarter-over-quarter to $119M.

Based on Petiole USA's 13F filing for Q1 2023, filed 12 May 2023.