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Petiole USA Portfolio holdings

AUM $139M
1-Year Est. Return 34.86%
This Fund
S&P 500
This Quarter Est. Return
+20.55%
1 Year Est. Return
+34.86%
3 Year Est. Return
+105.29%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$153M
AUM Growth
+$33.7M
Cap. Flow
+$10.4M
Cap. Flow %
6.83%
Top 10 Hldgs %
44.37%
Holding
41
New
3
Increased
4
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
ORRF icon
Orrstown Financial Services
ORRF
+$6.03M
2
HBAN icon
Huntington Bancshares
HBAN
+$3.34M
3
KRE icon
State Street SPDR S&P Regional Banking ETF
KRE
+$3.21M
4
CMA
Comerica
CMA
+$1.99M
5
BCAL icon
Southern California Bancorp
BCAL
+$1.61M

Top Sells

Rank Stock Value
1
CVLY
Codorus Valley Bancorp Inc
CVLY
+$5M
2
CALB
California BanCorp Common Stock
CALB
+$1.5M
3
BANR icon
Banner Corp
BANR
+$1.1M
4
BANC icon
Banc of California
BANC
+$14

Sector Composition

Rank Sector Weight
1 Financials 97.83%
2 Miscellaneous 2.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FCNCA icon
1
First Citizens BancShares
FCNCA
$24.4B
$9.78M 6.4%
5,315
– –
MCHB
2
Mechanics Bancorp
MCHB
$3.43B
$7.53M 4.93%
477,961
– –
CBAN icon
3
Colony Bankcorp
CBAN
$455M
$7.36M 4.81%
474,063
– –
CARE icon
4
Carter Bankshares
CARE
$722M
$6.9M 4.51%
396,873
– –
ORRF icon
5
Orrstown Financial Services
ORRF
$838M
$6.54M 4.28%
+181,966
New +$6.03M
FBMS
6
DELISTED
The First Bancshares, Inc.
FBMS
$6.49M 4.25%
202,145
– –
CBFV icon
7
CB Financial Services
CBFV
$191M
$6.02M 3.94%
215,198
– –
MPB icon
8
Mid Penn Bancorp
MPB
$943M
$5.88M 3.85%
197,111
– –
BANC icon
9
Banc of California
BANC
$2.95B
$5.85M 3.83%
397,167
-1
-0% -$14
SBFG icon
10
SB Financial Group
SBFG
$182M
$5.46M 3.57%
265,710
– –
FXNC icon
11
First National Corp
FXNC
$285M
$5.45M 3.57%
311,440
– –
CCNE icon
12
CNB Financial Corp
CCNE
$1.03B
$4.55M 2.98%
189,241
– –
HWC icon
13
Hancock Whitney
HWC
$6.09B
$4.41M 2.89%
86,218
– –
WAL icon
14
Western Alliance Bancorporation
WAL
$8.62B
$3.66M 2.39%
42,273
– –
EBMT icon
15
Eagle Bancorp Montana
EBMT
$180M
$3.66M 2.39%
231,480
– –
PNFP icon
16
Pinnacle Financial Partners Inc
PNFP
$15B
$3.61M 2.36%
36,804
– –
FRME icon
17
First Merchants
FRME
$2.62B
$3.5M 2.29%
94,047
– –
CMA
18
DELISTED
Comerica
CMA
$3.47M 2.27%
57,855
+36,000
+165% +$1.99M
HBAN icon
19
Huntington Bancshares
HBAN
$33.8B
$3.45M 2.26%
+235,000
New +$3.34M
SNV
20
DELISTED
Synovus
SNV
$3.39M 2.22%
76,253
– –
ISTR icon
21
Investar Holding Corp
ISTR
$424M
$3.34M 2.18%
172,043
– –
KRE icon
22
State Street SPDR S&P Regional Banking ETF
KRE
$4.31B
$3.31M 2.17%
+58,500
New +$3.21M
WTFC icon
23
Wintrust Financial
WTFC
$10.2B
$3.23M 2.11%
29,750
– –
WBS
24
DELISTED
Webster Financial
WBS
$3.21M 2.1%
68,875
– –
BCAL icon
25
Southern California Bancorp
BCAL
$710M
$2.89M 1.89%
195,604
+110,604
+130% +$1.61M
1
2

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BAM
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HWM
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HFA
Hershey Financial Advisers Lancaster, Pennsylvania $139M AUM 70.34% 1-Year Est. Return
SFG
Synergy Financial Group San Ramon, California $139M AUM 20.77% 1-Year Est. Return
LAA
Liberty Atlantic Advisors Allen, Texas $139M AUM
BCP
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AFC
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CPC
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Petiole USA's Q3 2024 Portfolio in Review

As of Q3 2024, Petiole USA held 41 positions worth $153M, up 28% from $119M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Petiole USA deployed $10.4M of net new capital in Q3 2024, opening 3 new positions and adding to 4 existing holdings. Its largest new stake was Orrstown Financial Services: 181,966 shares worth $6.54M.

By sector, the portfolio is most concentrated in Financials at 98% of assets, down from 100% a quarter earlier, followed by Miscellaneous.

On the sell side, the largest reduction was Banner Corp, an estimated $1.1M trimmed.

  • Petiole USA's largest Q3 2024 buy was Orrstown Financial Services: 181,966 shares worth $6.54M.
  • Petiole USA added most to Comerica in Q3 2024, an estimated $1.99M increase.
  • Petiole USA's biggest Q3 2024 reduction was Banner Corp, cutting an estimated $1.1M.
  • Petiole USA fully exited Codorus Valley Bancorp Inc in Q3 2024, selling an estimated $5M.
  • Petiole USA's ten largest holdings make up 44% of its $153M portfolio in Q3 2024.
  • Petiole USA opened 3 new positions and closed 2 in Q3 2024.
  • Petiole USA's portfolio value rose 28% quarter-over-quarter to $153M.

Based on Petiole USA's 13F filing for Q3 2024, filed 13 Nov 2024.