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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
+1.49%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$109M
AUM Growth
+$7.06M
Cap. Flow
+$7.66M
Cap. Flow %
7.01%
Top 10 Hldgs %
45.63%
Holding
41
New
4
Increased
4
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
BANR icon
Banner Corp
BANR
+$2.75M
2
FLG
Flagstar Bank National Association
FLG
+$1.87M
3
FRBA icon
First Bank
FRBA
+$1.79M
4
CCNE icon
CNB Financial Corp
CCNE
+$1.26M
5
CMA
Comerica
CMA
+$1.13M

Top Sells

Rank Stock Value
1
MLVF
Malvern Bancorp, Inc.
MLVF
+$3.15M
2
PACW
PacWest Bancorp
PACW
+$480K

Sector Composition

Rank Sector Weight
1 Financials 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FCNCA icon
1
First Citizens BancShares
FCNCA
$24.6B
$8.21M 7.52%
5,950
– –
FXNC icon
2
First National Corp
FXNC
$269M
$5.48M 5.02%
311,440
– –
CARE icon
3
Carter Bankshares
CARE
$756M
$4.97M 4.55%
396,873
– –
BANC icon
4
Banc of California
BANC
$3.28B
$4.92M 4.5%
397,168
– –
CBAN icon
5
Colony Bankcorp
CBAN
$462M
$4.74M 4.34%
474,063
– –
CBFV icon
6
CB Financial Services
CBFV
$182M
$4.61M 4.22%
215,198
– –
FBMS
7
DELISTED
The First Bancshares, Inc.
FBMS
$4.57M 4.19%
169,502
– –
HWC icon
8
Hancock Whitney
HWC
$6.13B
$4.48M 4.11%
121,218
– –
MPB icon
9
Mid Penn Bancorp
MPB
$942M
$3.97M 3.63%
197,111
– –
CVLY
10
DELISTED
Codorus Valley Bancorp Inc
CVLY
$3.88M 3.55%
207,962
– –
SBFG icon
11
SB Financial Group
SBFG
$160M
$3.59M 3.28%
265,710
– –
FNWB icon
12
First Northwest Bancorp
FNWB
$114M
$3.22M 2.95%
262,697
– –
PNFP icon
13
Pinnacle Financial Partners Inc
PNFP
$15.5B
$3.08M 2.82%
46,004
– –
WAL icon
14
Western Alliance Bancorporation
WAL
$9.07B
$2.86M 2.62%
62,273
+14,648
+31% +$692K
WBS icon
15
Webster Financial
WBS
$12.3B
$2.78M 2.54%
68,875
– –
EBMT icon
16
Eagle Bancorp Montana
EBMT
$186M
$2.75M 2.52%
231,480
– –
SNV
17
DELISTED
Synovus
SNV
$2.65M 2.43%
95,318
– –
FRME icon
18
First Merchants
FRME
$2.72B
$2.62M 2.4%
94,047
– –
MDWT
19
DELISTED
Midwest Holding Inc. Common Stock
MDWT
$2.6M 2.38%
99,594
– –
BANR icon
20
Banner Corp
BANR
$2.39B
$2.6M 2.38%
+61,382
New +$2.75M
MRBK icon
21
Meridian
MRBK
$236M
$2.51M 2.3%
256,166
– –
CMA
22
DELISTED
Comerica
CMA
$2.44M 2.23%
58,725
+23,875
+69% +$1.13M
WTFC icon
23
Wintrust Financial
WTFC
$10.7B
$2.25M 2.06%
29,750
– –
ISTR icon
24
Investar Holding Corp
ISTR
$411M
$1.82M 1.67%
172,043
– –
FLG
25
Flagstar Bank National Association
FLG
$5.77B
$1.76M 1.61%
+51,667
New +$1.87M
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 2023 Portfolio in Review

As of Q3 2023, Petiole USA held 41 positions worth $109M, up 6.9% from $102M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Petiole USA deployed $7.66M of net new capital in Q3 2023, opening 4 new positions and adding to 4 existing holdings. Its largest new stake was Banner Corp: 61,382 shares worth $2.6M.

By sector, the portfolio is most concentrated in Financials at 100% of assets, up from 100% a quarter earlier.

On the sell side, the most notable exit was Malvern Bancorp, Inc., an estimated $3.15M sold.

  • Petiole USA's largest Q3 2023 buy was Banner Corp: 61,382 shares worth $2.6M.
  • Petiole USA added most to Comerica in Q3 2023, an estimated $1.13M increase.
  • Petiole USA fully exited Malvern Bancorp, Inc. in Q3 2023, selling an estimated $3.15M.
  • Petiole USA's ten largest holdings make up 46% of its $109M portfolio in Q3 2023.
  • Petiole USA opened 4 new positions and closed 2 in Q3 2023.
  • Petiole USA's portfolio value rose 6.9% quarter-over-quarter to $109M.

Based on Petiole USA's 13F filing for Q3 2023, filed 14 Nov 2023.