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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
-2.17%
1 Year Est. Return
+19.66%
3 Year Est. Return
+74.87%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$128M
AUM Growth
-$7.47M
Cap. Flow
-$122K
Cap. Flow %
-0.1%
Top 10 Hldgs %
45.15%
Holding
40
New
1
Increased
1
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
MCHB
Mechanics Bancorp
MCHB
+$5.66M
2
CCNE icon
CNB Financial Corp
CCNE
+$436K

Top Sells

Rank Stock Value
1
FLG
Flagstar Bank National Association
FLG
+$2.05M
2
WAL icon
Western Alliance Bancorporation
WAL
+$1.53M
3
MRBK icon
Meridian
MRBK
+$1.12M
4
CMA
Comerica
CMA
+$783K
5
CFG icon
Citizens Financial Group
CFG
+$722K

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
$9.73M 7.61%
5,950
– –
MCHB
2
Mechanics Bancorp
MCHB
$3.47B
$6.2M 4.85%
+411,803
New +$5.66M
BANC icon
3
Banc of California
BANC
$3.28B
$6.04M 4.73%
397,168
– –
HWC icon
4
Hancock Whitney
HWC
$6.13B
$5.58M 4.37%
121,218
– –
CBAN icon
5
Colony Bankcorp
CBAN
$462M
$5.45M 4.27%
474,063
– –
FBMS
6
DELISTED
The First Bancshares, Inc.
FBMS
$5.25M 4.1%
202,145
– –
FXNC icon
7
First National Corp
FXNC
$269M
$5.06M 3.96%
311,440
– –
CARE icon
8
Carter Bankshares
CARE
$756M
$5.02M 3.92%
396,873
– –
CVLY
9
DELISTED
Codorus Valley Bancorp Inc
CVLY
$4.73M 3.7%
207,962
– –
CBFV icon
10
CB Financial Services
CBFV
$182M
$4.65M 3.64%
215,198
– –
FNWB icon
11
First Northwest Bancorp
FNWB
$114M
$4.11M 3.22%
262,697
– –
PNFP icon
12
Pinnacle Financial Partners Inc
PNFP
$15.5B
$3.95M 3.09%
46,004
– –
MPB icon
13
Mid Penn Bancorp
MPB
$942M
$3.94M 3.09%
197,111
– –
CCNE icon
14
CNB Financial Corp
CCNE
$1.03B
$3.86M 3.02%
189,241
+21,000
+12% +$436K
SNV
15
DELISTED
Synovus
SNV
$3.82M 2.99%
95,318
– –
SBFG icon
16
SB Financial Group
SBFG
$160M
$3.66M 2.86%
265,710
– –
WBS icon
17
Webster Financial
WBS
$12.3B
$3.5M 2.74%
68,875
– –
FRME icon
18
First Merchants
FRME
$2.72B
$3.28M 2.57%
94,047
– –
WTFC icon
19
Wintrust Financial
WTFC
$10.7B
$3.11M 2.43%
29,750
– –
BANR icon
20
Banner Corp
BANR
$2.39B
$2.99M 2.34%
62,382
– –
EBMT icon
21
Eagle Bancorp Montana
EBMT
$186M
$2.97M 2.33%
231,480
– –
ISTR icon
22
Investar Holding Corp
ISTR
$411M
$2.81M 2.2%
172,043
– –
WAL icon
23
Western Alliance Bancorporation
WAL
$9.07B
$2.71M 2.12%
42,273
-25,000
-37% -$1.53M
CMA
24
DELISTED
Comerica
CMA
$2.4M 1.88%
43,725
-15,000
-26% -$783K
SSB icon
25
SouthState Bank Corp
SSB
$10.3B
$2.19M 1.71%
25,715
– –
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 2024 Portfolio in Review

As of Q1 2024, Petiole USA held 40 positions worth $128M, down 5.5% from $135M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Petiole USA's Q1 2024 filing shows 1 new, 1 increased, 3 reduced and 2 closed positions. Its largest new stake was Mechanics Bancorp: 411,803 shares worth $6.2M. The largest sale was Flagstar Bank National Association, an estimated $2.05M.

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

  • Petiole USA's largest Q1 2024 buy was Mechanics Bancorp: 411,803 shares worth $6.2M.
  • Petiole USA added most to CNB Financial Corp in Q1 2024, an estimated $436K increase.
  • Petiole USA's biggest Q1 2024 reduction was Western Alliance Bancorporation, cutting an estimated $1.53M.
  • Petiole USA fully exited Flagstar Bank National Association in Q1 2024, selling an estimated $2.05M.
  • Petiole USA's ten largest holdings make up 45% of its $128M portfolio in Q1 2024.
  • Petiole USA opened 1 new position and closed 2 in Q1 2024.
  • Petiole USA's portfolio value fell 5.5% quarter-over-quarter to $128M.

Based on Petiole USA's 13F filing for Q1 2024, filed 14 May 2024.