CIK 1218749
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 | 99.35% | 36 |
| Unclassified | 0.65% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | QCRH | QCR HOLDINGS INC | Financials | 7.94% |
| 2 | SFST | SOUTHERN FIRST BANCSHARES INC | Financials | 7.51% |
| 3 | BCAL | California BanCorp \ CA | Financials | 7.31% |
| 4 | NBHC | National Bank Holdings Corp | Financials | 5.11% |
| 5 | ONB | OLD NATIONAL BANCORP /IN/ | Financials | 5.01% |
| 6 | CCB | COASTAL FINANCIAL CORP | Financials | 4.72% |
| 7 | VLY | VALLEY NATIONAL BANCORP | Financials | 4.64% |
| 8 | OCFC | OCEANFIRST FINANCIAL CORP | Financials | 4.62% |
| 9 | AVBH | Avidbank Holdings, Inc. | Financials | 4.58% |
| 10 | BHRB | Burke & Herbert Financial Services Corp. | Financials | 4.31% |
36/37 names classified · sector 99.3% of weight · industry 99.3% · mkt cap 99.3%; 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: 99.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 89.7% of book weight (31/37 names) · unclassified 10.3%: AVBH, FIGR, COSO, CBNA, TOWN, FLG. 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 | QCRHQCR HOLDINGS INC | 409,706 | $35M | 7.9% | ADD 25% |
| 2 | SFSTSOUTHERN FIRST BANCSHARES | 607,405 | $33M | 7.5% | ADD 4% |
| 3 | BCALCALIFORNIA BANCORP | 1,819,125 | $32M | 7.3% | ADD 3% |
| 4 | NBHCNATIONAL BK HLDGS CORP | 575,676 | $23M | 5.1% | ADD 229% |
| 5 | ONBOLD NATL BANCORP IND | 999,484 | $22M | 5.0% | ADD 69% |
| 6 | CCBCOASTAL FINL CORP WA | 273,602 | $21M | 4.7% | ADD 69% |
| 7 | VLYVALLEY NATL BANCORP | 1,664,984 | $20M | 4.6% | ADD 28% |
| 8 | OCFCOCEANFIRST FINL CORP | 1,128,352 | $20M | 4.6% | ADD 41% |
| 9 | AVBHAVIDBANK HLDGS INC | 708,491 | $20M | 4.6% | HOLD |
| 10 | BHRBBURKE HERBERT FINL SVCS CORP | 305,189 | $19M | 4.3% | ADD 144% |
| 11 | USCBUSCB FINANCIAL HOLDINGS INC | 1,024,738 | $19M | 4.3% | TRIM −3% |
| 12 | FVCBFVCBANKCORP INC | 1,239,133 | $19M | 4.3% | TRIM −5% |
| 13 | EFSCENTERPRISE FINL SVCS CORP | 282,496 | $15M | 3.5% | ADD 53% |
| 14 | CIVBCIVISTA BANCSHARES INC | 620,875 | $14M | 3.2% | ADD 13% |
| 15 | HBANHUNTINGTON BANCSHARES INC | 872,320 | $14M | 3.1% | ADD 4294% |
| 16 | ALRSALERUS FINL CORP | 562,229 | $13M | 3.0% | ADD 9% |
| 17 | FIGRFIGURE TECHNOLOGY SOLUTIO | 370,933 | $13M | 2.9% | ADD 15% |
| 18 | OBKORIGIN BANCORP INC | 302,990 | $13M | 2.8% | ADD 10% |
| 19 | VABKVIRGINIA NATL BANKSHARES COR | 298,750 | $11M | 2.6% | ADD 14% |
| 20 | FMBHFirst Mid Ill Bankshares, Inc. | 185,478 | $8M | 1.7% | TRIM −11% |
| 21 | BANCBANC OF CALIFORNIA INC | 367,538 | $6M | 1.5% | TRIM −21% |
| 22 | COSOCOASTALSOUTH BANCSHARES INC | 241,595 | $6M | 1.3% | TRIM −28% |
| 23 | BYBYLINE BANCORP INC | 180,642 | $6M | 1.3% | ADD 16% |
| 24 | EBCEASTERN BANKSHARES INC | 288,893 | $6M | 1.3% | TRIM −24% |
| 25 | CNOBCONNECTONE BANCORP INC | 200,601 | $5M | 1.2% | ADD 56% |
| 26 | UVSPUNIVEST FINANCIAL CORPORATIO | 138,587 | $5M | 1.1% | TRIM −44% |
| 27 | MVBFMVB FINL CORP | 187,919 | $5M | 1.1% | HOLD |
| 28 | FNWDFINWARD BANCORP | 99,543 | $4M | 0.8% | HOLD |
| 29 | EQBKEQUITY BANCSHARES INC | 65,468 | $3M | 0.7% | NEW |
| 30 | CBNACHAIN BRIDGE BANCORP INC | 83,256 | $3M | 0.7% | ADD 5% |
| 31 | TOWNTOWNEBANK PORTSMOUTH VA | 85,706 | $3M | 0.7% | NEW |
| 32 | NBTBNBT BANCORP INC | 62,711 | $3M | 0.6% | TRIM −14% |
| 33 | FLGFLAGSTAR BANK NATIONAL ASSOC | 80,531 | $1M | 0.2% | HOLD |
| 34 | CBFVCB FINL SVCS INC | 24,166 | $825,995 | 0.2% | TRIM −10% |
| 35 | SSBSOUTHSTATE BK CORP | 7,501 | $693,993 | 0.2% | NEW |
| 36 | FBKFB FINL CORP | 7,016 | $364,411 | 0.1% | NEW |
| 37 | EWBCEAST WEST BANCORP INC | 2,972 | $317,291 | 0.1% | TRIM −26% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| QCRHQCR HOLDINGS INC | 192K | 220K | 221K | 266K | 328K | 410K | $35M |
| SFSTSOUTHERN FIRST BANCSHARES | 580K | 589K | 589K | 586K | 586K | 607K | $33M |
| BCALCALIFORNIA BANCORP | 2.5M | 2.5M | 2.4M | 2.3M | 1.8M | 1.8M | $32M |
| NBHCNATIONAL BK HLDGS CORP | — | — | 42K | — | 175K | 576K | $23M |
| ONBOLD NATL BANCORP IND | 163K | 110K | 507K | 437K | 592K | 999K | $22M |
| CCBCOASTAL FINL CORP WA | 455K | 331K | 311K | 171K | 162K | 274K | $21M |
| VLYVALLEY NATL BANCORP | 1.2M | 1.3M | 1.4M | 1.5M | 1.3M | 1.7M | $20M |
| OCFCOCEANFIRST FINL CORP | 652K | 756K | 756K | 897K | 800K | 1.1M | $20M |
| AVBHAVIDBANK HLDGS INC | — | — | — | 698K | 698K | 708K | $20M |
| BHRBBURKE HERBERT FINL SVCS CORP | — | 52K | 62K | 103K | 125K | 305K | $19M |
| USCBUSCB FINANCIAL HOLDINGS INC | 1.3M | 1.3M | 1.2M | 1.2M | 1.1M | 1.0M | $19M |
| FVCBFVCBANKCORP INC | 1.4M | 1.4M | 1.4M | 1.3M | 1.3M | 1.2M | $19M |
| EFSCENTERPRISE FINL SVCS CORP | 92K | 63K | 71K | 88K | 185K | 282K | $15M |
| CIVBCIVISTA BANCSHARES INC | — | — | — | 548K | 548K | 621K | $14M |
| HBANHUNTINGTON BANCSHARES INC | — | 39K | 57K | 44K | 20K | 872K | $14M |
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.
