CIK 1029311
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Banks | 68.74% | 60 |
| Unclassified | 31.26% | 37 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PBAM | Private Bancorp of America Inc | Unclassified | 3.92% |
| 2 | OSBC | OLD SECOND BANCORP INC | Financials | 3.86% |
| 3 | UNTY | UNITY BANCORP INC /NJ/ | Financials | 3.62% |
| 4 | AVBH | Avidbank Holdings, Inc. | Financials | 3.53% |
| 5 | AMBZ | AMERICAN BUSINESS BK LA CALIF | Unclassified | 3.25% |
| 6 | BCAL | California BanCorp \ CA | Financials | 2.74% |
| 7 | FRBA | FIRST BK WILLIAMSTOWN NEW JE | Unclassified | 2.57% |
| 8 | WCCB | WEST COAST CMNTY BANCORP | Unclassified | 2.45% |
| 9 | MBIN | Merchants Bancorp | Financials | 2.25% |
| 10 | MCB | Metropolitan Bank Holding Corp. | Financials | 2.21% |
60/97 names classified · sector 68.7% of weight · industry 68.7% · mkt cap 68.7%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 68.7% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 62.7% of book weight (54/97 names) · unclassified 37.3%: PBAM, AVBH, AMBZ, FRBA, WCCB, ALPIB, MCBI, CCNB, UBFO, STBK +33 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | PBAMPrivate Bancorp of America Inc | 309,859 | $21M | 3.9% | ADD 9% |
| 2 | OSBCOLD SECOND BANCORP INC ILL | 1,029,143 | $21M | 3.9% | ADD 14% |
| 3 | UNTYUNITY BANCORP INC | 375,469 | $19M | 3.6% | HOLD |
| 4 | AVBHAVIDBANK HLDGS INC | 665,100 | $19M | 3.5% | ADD 12% |
| 5 | AMBZAMERICAN BUSINESS BK LA CALIF | 245,773 | $17M | 3.2% | TRIM −6% |
| 6 | BCALCALIFORNIA BANCORP | 831,155 | $15M | 2.7% | ADD 8% |
| 7 | FRBAFIRST BK WILLIAMSTOWN NEW JE | 864,205 | $14M | 2.6% | ADD 31% |
| 8 | WCCBWEST COAST CMNTY BANCORP | 276,651 | $13M | 2.4% | HOLD |
| 9 | MBINMERCHANTS BANCORP IND | 281,062 | $12M | 2.2% | ADD 15% |
| 10 | MCBMETROPOLITAN BK HLDG CORP | 142,221 | $12M | 2.2% | ADD 10% |
| 11 | MNSBMAINSTREET BANCSHARES INC | 530,941 | $12M | 2.2% | ADD 26% |
| 12 | FRSTPRIMIS FINANCIAL CORP | 872,961 | $12M | 2.2% | ADD 11% |
| 13 | TCBITEXAS CAP BANCSHARES INC | 119,762 | $11M | 2.1% | HOLD |
| 14 | ALPIBAlpine Banks of Colorado | 204,321 | $10M | 1.8% | TRIM −14% |
| 15 | PGCPEAPACK-GLADSTONE FINL CORP | 273,947 | $10M | 1.8% | TRIM −8% |
| 16 | SFSTSOUTHERN FIRST BANCSHARES | 171,655 | $9M | 1.7% | HOLD |
| 17 | BANCBANC OF CALIFORNIA INC | 519,738 | $9M | 1.7% | HOLD |
| 18 | FBIZFIRST BUSINESS FINL SVCS INC | 166,224 | $9M | 1.7% | HOLD |
| 19 | MYFWFIRST WESTN FINL INC | 348,404 | $9M | 1.6% | HOLD |
| 20 | CBANCOLONY BANKCORP INC | 419,478 | $8M | 1.6% | HOLD |
| 21 | CNOBCONNECTONE BANCORP INC | 310,195 | $8M | 1.5% | ADD 36% |
| 22 | ALRSALERUS FINL CORP | 349,165 | $8M | 1.5% | ADD 62% |
| 23 | ISTRINVESTAR HLDG CORP | 306,896 | $8M | 1.5% | HOLD |
| 24 | MCBIMountain Commerce Bancorp Inc | 351,330 | $8M | 1.5% | HOLD |
| 25 | BRBSBLUE RIDGE BANKSHARES INC VA | 1,889,033 | $8M | 1.5% | TRIM −7% |
| 26 | MRBKMERIDIAN CORPORATION | 369,333 | $7M | 1.3% | ADD 15% |
| 27 | TFINTRIUMPH FINANCIAL INC | 117,136 | $7M | 1.3% | HOLD |
| 28 | MPBMID PENN BANCORP INC | 207,982 | $7M | 1.2% | HOLD |
| 29 | MBWMMERCANTILE BK CORP | 131,160 | $7M | 1.2% | HOLD |
| 30 | CCNBCoastal Carolina Bancshares In | 466,771 | $6M | 1.2% | HOLD |
| 31 | CCNECNB FINL CORP PA | 222,375 | $6M | 1.2% | ADD 2% |
| 32 | TCBXTHIRD COAST BANCSHARES INC | 169,064 | $6M | 1.2% | ADD 7% |
| 33 | BFSTBUSINESS FIRST BANCSHARES IN | 234,257 | $6M | 1.2% | ADD 23% |
| 34 | OBTORANGE CNTY BANCORP INC | 197,536 | $6M | 1.2% | HOLD |
| 35 | FSUNFIRSTSUN CAP BANCORP | 168,489 | $6M | 1.1% | HOLD |
| 36 | SMBKSMARTFINANCIAL INC | 150,087 | $6M | 1.1% | TRIM −25% |
| 37 | UBFOUNITED SEC BANCSHARES CALIF | 532,316 | $6M | 1.0% | HOLD |
| 38 | BPRNPRINCETON BANCORP INC | 153,926 | $5M | 1.0% | HOLD |
| 39 | STBKStudio Financial Holdings Inc | 429,056 | $5M | 1.0% | HOLD |
| 40 | BSVNBANK7 CORP | 128,519 | $5M | 1.0% | HOLD |
| 41 | FSRLFirst Reliance Bancshares, Inc. | 341,313 | $5M | 0.9% | TRIM −3% |
| 42 | WRIVWhite River Bancshares Co | 89,000 | $5M | 0.9% | HOLD |
| 43 | BWFGBANKWELL FINL GROUP INC | 96,423 | $5M | 0.9% | HOLD |
| 44 | FCPBFirst Capital Bancshares, Inc. | 358,995 | $4M | 0.8% | HOLD |
| 45 | BSFOBank of San Francisco | 115,072 | $4M | 0.8% | NEW |
| 46 | CBSHCOMMERCE BANCSHARES INC | 86,774 | $4M | 0.8% | NEW |
| 47 | RCBCRiver City Bank | 101,590 | $4M | 0.8% | HOLD |
| 48 | CZWICITIZENS CMNTY BANCORP INC M | 206,055 | $4M | 0.8% | TRIM −16% |
| 49 | SABKSouth Atlantic Bancshares, Inc. | 179,396 | $4M | 0.8% | HOLD |
| 50 | ORPBOregon Pacific Bancorp | 361,932 | $4M | 0.7% | HOLD |
| 51 | AMTBAMERANT BANCORP INC | 180,000 | $4M | 0.7% | HOLD |
| 52 | CMHFCommunity Heritage Financial I | 125,424 | $4M | 0.7% | ADD 31% |
| 53 | BLHKBlueharbor Bank | 96,402 | $4M | 0.7% | HOLD |
| 54 | BSRRSIERRA BANCORP | 113,255 | $4M | 0.7% | TRIM −7% |
| 55 | FNRNFirst Northern Community Bancorp | 234,181 | $4M | 0.7% | TRIM −22% |
| 56 | SBKOSummit Bank Group, Inc. | 190,501 | $4M | 0.7% | HOLD |
| 57 | SHBISHORE BANCSHARES INC | 195,563 | $4M | 0.7% | TRIM −4% |
| 58 | LNKBLINKBANCORP INC | 401,593 | $3M | 0.6% | HOLD |
| 59 | INBKFIRST INTERNET BANCORP | 162,176 | $3M | 0.6% | HOLD |
| 60 | FVCBFVCBANKCORP INC | 214,088 | $3M | 0.6% | HOLD |
| 61 | FSBCFIVE STAR BANCORP | 85,919 | $3M | 0.6% | TRIM −10% |
| 62 | BUSEFIRST BUSEY CORP | 127,077 | $3M | 0.6% | ADD 68% |
| 63 | EDVREndeavor Bancorp | 167,738 | $3M | 0.5% | ADD 66% |
| 64 | SSBISUMMIT ST BK SANTA ROSA CALI | 199,227 | $3M | 0.5% | ADD 3% |
| 65 | FFWMFIRST FNDTN INC | 432,396 | $3M | 0.5% | HOLD |
| 66 | EFSIEAGLE FINL SVCS INC | 65,000 | $2M | 0.4% | HOLD |
| 67 | MVBFMVB FINL CORP | 91,244 | $2M | 0.4% | ADD 160% |
| 68 | CBNKCAPITAL BANCORP INC MD | 75,300 | $2M | 0.4% | ADD 252% |
| 69 | CBWACommencement Bancorp, Inc. | 130,720 | $2M | 0.4% | HOLD |
| 70 | FSBHFSBH CORP | 135,250 | $2M | 0.4% | HOLD |
| 71 | ARBVAMERICAN RIVIERA BANCORP | 89,380 | $2M | 0.4% | TRIM −5% |
| 72 | COSOCOASTALSOUTH BANCSHARES INC | 85,715 | $2M | 0.4% | HOLD |
| 73 | PSBQPSB Holdings, Inc. | 74,794 | $2M | 0.4% | TRIM −4% |
| 74 | PNFPPINNACLE FINL PARTNERS INC | 21,800 | $2M | 0.3% | NEW |
| 75 | FBKFB FINL CORP | 35,496 | $2M | 0.3% | TRIM −73% |
| 76 | BWBBRIDGEWATER BANCSHARES INC | 101,479 | $2M | 0.3% | HOLD |
| 77 | USCBUSCB FINANCIAL HOLDINGS INC | 95,580 | $2M | 0.3% | HOLD |
| 78 | PPBNPinnacle Bankshares Corporation | 37,464 | $2M | 0.3% | HOLD |
| 79 | HNVRHANOVER BANCORP INC | 76,757 | $2M | 0.3% | TRIM −20% |
| 80 | BCTFBancorp 34 Inc | 106,857 | $2M | 0.3% | TRIM −34% |
| 81 | RNSTRENASANT CORP | 41,875 | $2M | 0.3% | HOLD |
| 82 | GNRVGrand River Commerce, Inc. | 357,400 | $1M | 0.3% | HOLD |
| 83 | MVLYMission Valley Bancorp | 78,507 | $1M | 0.3% | HOLD |
| 84 | FMBMF&M Bank Corp | 47,100 | $1M | 0.3% | HOLD |
| 85 | TOWNTOWNEBANK PORTSMOUTH VA | 40,804 | $1M | 0.3% | NEW |
| 86 | FXNCFIRST NATL CORP | 49,391 | $1M | 0.2% | TRIM −18% |
| 87 | TBBKBANCORP INC DEL | 23,592 | $1M | 0.2% | HOLD |
| 88 | SOMESomerset Trust Holding Co | 16,017 | $1M | 0.2% | ADD 36% |
| 89 | PWBKPacific West Bancorp | 92,857 | $1M | 0.2% | HOLD |
| 90 | BYBYLINE BANCORP INC | 34,157 | $1M | 0.2% | TRIM −13% |
| 91 | SOUBSouthPoint Bancshares, Inc. | 74,938 | $1M | 0.2% | TRIM −4% |
| 92 | HERITAGE COMM CORP | 75,139 | $937,735 | 0.2% | TRIM −38% |
| 93 | LRBILake Ridge Bancorp | 7,084 | $920,920 | 0.2% | NEW |
| 94 | PBNKPinnacle Bank/Gilroy CA | 44,514 | $723,353 | 0.1% | HOLD |
| 95 | BAFNBAYFIRST FINANCIAL CORP | 91,679 | $582,162 | 0.1% | HOLD |
| 96 | FCCOFIRST CMNTY CORP S C | 16,317 | $476,946 | 0.1% | TRIM −61% |
| 97 | PTBSPOTOMAC BANC | 12,432 | $245,532 | 0.0% | ADD 329% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| PBAMPrivate Bancorp of America Inc | 387K | 358K | 333K | 281K | 284K | 310K | $21M |
| OSBCOLD SECOND BANCORP INC ILL | 1.6M | 1.3M | 1.2M | 1.0M | 905K | 1.0M | $21M |
| UNTYUNITY BANCORP INC | 715K | 605K | 524K | 441K | 375K | 375K | $19M |
| AVBHAVIDBANK HLDGS INC | 719K | 735K | 670K | 678K | 596K | 665K | $19M |
| AMBZAMERICAN BUSINESS BK LA CALIF | 555K | 482K | 347K | 289K | 261K | 246K | $17M |
| BCALCALIFORNIA BANCORP | 1.3M | 1.2M | 993K | 835K | 766K | 831K | $15M |
| FRBAFIRST BK WILLIAMSTOWN NEW JE | 1.5M | 1.2M | 991K | 776K | 658K | 864K | $14M |
| WCCBWEST COAST CMNTY BANCORP | 501K | 428K | 364K | 301K | 273K | 277K | $13M |
| MBINMERCHANTS BANCORP IND | 401K | 386K | 386K | 341K | 244K | 281K | $12M |
| MCBMETROPOLITAN BK HLDG CORP | 243K | 232K | 159K | 147K | 129K | 142K | $12M |
| MNSBMAINSTREET BANCSHARES INC | 651K | 651K | 651K | 573K | 422K | 531K | $12M |
| FRSTPRIMIS FINANCIAL CORP | 1.7M | 1.6M | 1.4M | 892K | 789K | 873K | $12M |
| TCBITEXAS CAP BANCSHARES INC | 231K | 179K | 149K | 133K | 120K | 120K | $11M |
| ALPIBAlpine Banks of Colorado | 344K | 322K | 315K | 275K | 237K | 204K | $10M |
| PGCPEAPACK-GLADSTONE FINL CORP | 581K | 473K | 462K | 315K | 298K | 274K | $10M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Where this firm's principals came from and which firms its alumni went on to found.
