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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
+24.47%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$135M
AUM Growth
+$26.1M
Cap. Flow
+$812K
Cap. Flow %
0.6%
Top 10 Hldgs %
44.26%
Holding
40
New
1
Increased
6
Reduced
1
Closed
1

Top Buys

Rank Stock Value
1
CCNE icon
CNB Financial Corp
CCNE
+$2.01M
2
EQBK icon
Equity Bancshares
EQBK
+$1.57M
3
FBMS
The First Bancshares, Inc.
FBMS
+$873K
4
FLG
Flagstar Bank National Association
FLG
+$457K
5
WAL icon
Western Alliance Bancorporation
WAL
+$252K

Top Sells

Rank Stock Value
1
MDWT
Midwest Holding Inc. Common Stock
MDWT
+$2.6M
2
MRBK icon
Meridian
MRBK
+$2.04M

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
$8.44M 6.24%
5,950
– –
FXNC icon
2
First National Corp
FXNC
$269M
$6.77M 5.01%
311,440
– –
CBAN icon
3
Colony Bankcorp
CBAN
$462M
$6.31M 4.66%
474,063
– –
CARE icon
4
Carter Bankshares
CARE
$756M
$5.94M 4.39%
396,873
– –
FBMS
5
DELISTED
The First Bancshares, Inc.
FBMS
$5.93M 4.38%
202,145
+32,643
+19% +$873K
HWC icon
6
Hancock Whitney
HWC
$6.13B
$5.89M 4.35%
121,218
– –
CVLY
7
DELISTED
Codorus Valley Bancorp Inc
CVLY
$5.34M 3.95%
207,962
– –
BANC icon
8
Banc of California
BANC
$3.28B
$5.33M 3.94%
397,168
– –
CBFV icon
9
CB Financial Services
CBFV
$182M
$5.12M 3.79%
215,198
– –
MPB icon
10
Mid Penn Bancorp
MPB
$942M
$4.79M 3.54%
197,111
– –
WAL icon
11
Western Alliance Bancorporation
WAL
$9.07B
$4.43M 3.27%
67,273
+5,000
+8% +$252K
FNWB icon
12
First Northwest Bancorp
FNWB
$114M
$4.19M 3.1%
262,697
– –
SBFG icon
13
SB Financial Group
SBFG
$160M
$4.12M 3.05%
265,710
– –
PNFP icon
14
Pinnacle Financial Partners Inc
PNFP
$15.5B
$4.01M 2.97%
46,004
– –
CCNE icon
15
CNB Financial Corp
CCNE
$1.03B
$3.8M 2.81%
168,241
+100,471
+148% +$2.01M
EBMT icon
16
Eagle Bancorp Montana
EBMT
$186M
$3.66M 2.7%
231,480
– –
SNV
17
DELISTED
Synovus
SNV
$3.59M 2.65%
95,318
– –
WBS icon
18
Webster Financial
WBS
$12.3B
$3.5M 2.58%
68,875
– –
FRME icon
19
First Merchants
FRME
$2.72B
$3.49M 2.58%
94,047
– –
BANR icon
20
Banner Corp
BANR
$2.39B
$3.34M 2.47%
62,382
+1,000
+2% +$46.1K
CMA
21
DELISTED
Comerica
CMA
$3.28M 2.42%
58,725
– –
WTFC icon
22
Wintrust Financial
WTFC
$10.7B
$2.76M 2.04%
29,750
– –
ISTR icon
23
Investar Holding Corp
ISTR
$411M
$2.57M 1.9%
172,043
– –
COLB icon
24
Columbia Banking Systems
COLB
$8.81B
$2.4M 1.77%
89,780
+11,000
+14% +$244K
FRBA icon
25
First Bank
FRBA
$451M
$2.27M 1.68%
154,660
– –
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 Q4 2023 Portfolio in Review

As of Q4 2023, Petiole USA held 40 positions worth $135M, up 24% from $109M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Petiole USA's Q4 2023 filing shows 1 new, 6 increased, 1 reduced and 1 closed positions. Its largest new stake was Equity Bancshares: 57,364 shares worth $1.94M. The largest sale was Midwest Holding Inc. Common Stock, an estimated $2.6M.

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

  • Petiole USA's largest Q4 2023 buy was Equity Bancshares: 57,364 shares worth $1.94M.
  • Petiole USA added most to CNB Financial Corp in Q4 2023, an estimated $2.01M increase.
  • Petiole USA's biggest Q4 2023 reduction was Meridian, cutting an estimated $2.04M.
  • Petiole USA fully exited Midwest Holding Inc. Common Stock in Q4 2023, selling an estimated $2.6M.
  • Petiole USA's ten largest holdings make up 44% of its $135M portfolio in Q4 2023.
  • Petiole USA opened 1 new position and closed 1 in Q4 2023.
  • Petiole USA's portfolio value rose 24% quarter-over-quarter to $135M.

Based on Petiole USA's 13F filing for Q4 2023, filed 13 Feb 2024.