CIK 1511291
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 | 41.76% | 20 |
| Distributors | 34.72% | 2 |
| Unclassified | 14.09% | 4 |
| Insurance | 9.43% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | WLFC | WILLIS LEASE FINANCE CORP | Consumer Discretionary | 28.58% |
| 2 | PDLB | Ponce Financial Group, Inc. | Financials | 8.30% |
| 3 | AER | AERCAP HOLDINGS NV | Unclassified | 8.09% |
| 4 | PBFS | Pioneer Bancorp, Inc./MD | Financials | 7.15% |
| 5 | ASLE | AerSale Corp | Consumer Discretionary | 6.14% |
| 6 | NODK | NI Holdings, Inc. | Financials | 5.28% |
| 7 | SNFCA | SECURITY NATIONAL FINANCIAL CORP | Financials | 5.17% |
| 8 | SWK HLDGS CORP | Unclassified | 4.20% | |
| 9 | BHF | Brighthouse Financial, Inc. | Financials | 4.16% |
| 10 | RBKB | Rhinebeck Bancorp, Inc. | Financials | 3.86% |
24/28 names classified · sector 85.9% of weight · industry 85.9% · mkt cap 85.9%; 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: 85.9% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 75.6% of book weight (18/27 names) · unclassified 24.4%: AER, PBFS, , GDOT, SSBI, BYFC, WSBK, NSTS, SHFS. 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 | WLFCWILLIS LEASE FIN CORP | 677,248 | $115M | 28.6% | HOLD |
| 2 | PDLBPONCE FINANCIAL GROUP INC | 2,003,960 | $33M | 8.3% | ADD 8% |
| 3 | AERAERCAP HOLDINGS NV | 238,000 | $33M | 8.1% | ADD 14% |
| 4 | PBFSPIONEER BANCORP INC MD | 2,071,973 | $29M | 7.1% | HOLD |
| 5 | ASLEAERSALE CORPORATION | 3,983,632 | $25M | 6.1% | ADD 20% |
| 6 | NODKNI HLDGS INC | 1,652,020 | $21M | 5.3% | ADD 8% |
| 7 | SNFCASECURITY NATL FINL CORP | 2,198,648 | $21M | 5.2% | HOLD |
| 8 | SWK HLDGS CORP | 995,256 | $17M | 4.2% | ADD 17% |
| 9 | BHFBRIGHTHOUSE FINL INC | 280,000 | $17M | 4.2% | NEW |
| 10 | RBKBRHINEBECK BANCORP INC | 1,010,420 | $16M | 3.9% | HOLD |
| 11 | NFBKNORTHFIELD BANCORP INC DEL | 776,630 | $11M | 2.6% | NEW |
| 12 | ALRSALERUS FINL CORP | 417,108 | $10M | 2.5% | HOLD |
| 13 | PKBKPARKE BANCORP INC | 332,876 | $9M | 2.3% | TRIM −2% |
| 14 | GDOTGREEN DOT CORP | 748,806 | $8M | 2.1% | NEW |
| 15 | CBFVCB FINL SVCS INC | 171,439 | $6M | 1.5% | ADD 5% |
| 16 | WASHWASHINGTON TR BANCORP INC | 166,485 | $6M | 1.4% | HOLD |
| 17 | MGYRMAGYAR BANCORP INC | 283,894 | $5M | 1.2% | HOLD |
| 18 | SSBISUMMIT ST BK SANTA ROSA CALI | 354,229 | $5M | 1.2% | HOLD |
| 19 | PROVPROVIDENT FINL HLDGS INC | 284,594 | $5M | 1.1% | TRIM −5% |
| 20 | BSBKBOGOTA FINL CORP | 493,732 | $4M | 1.0% | HOLD |
| 21 | BYFCBROADWAY FINL CORP DEL | 474,685 | $3M | 0.9% | ADD 4% |
| 22 | AIR LEASE CORP | 39,051 | $3M | 0.6% | TRIM −91% |
| 23 | FBIZFIRST BUSINESS FINL SVCS INC | 29,685 | $2M | 0.4% | TRIM −50% |
| 24 | WSBKWINCHESTER BANCORP INC | 24,586 | $312,000 | 0.1% | TRIM −83% |
| 25 | NSTSNSTS BANCORP INC | 26,664 | $311,000 | 0.1% | HOLD |
| 26 | SHFSSHF HOLDINGS INC | 308,000 | $256,000 | 0.1% | HOLD |
| 27 | VABKVIRGINIA NATL BANKSHARES COR | 5,769 | $220,000 | 0.1% | NEW |
| 28 | AUBNAUBURN NATL BANCORP | 9,151 | $218,000 | 0.1% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| WLFCWILLIS LEASE FIN CORP | 504K | 534K | 567K | 606K | 677K | 677K | $115M |
| PDLBPONCE FINANCIAL GROUP INC | 2.3M | 2.3M | 2.3M | 2.3M | 1.9M | 2.0M | $33M |
| AERAERCAP HOLDINGS NV | — | 173K | 178K | 209K | 209K | 238K | $33M |
| PBFSPIONEER BANCORP INC MD | 2.3M | 2.3M | 2.1M | 1.9M | 2.0M | 2.1M | $29M |
| ASLEAERSALE CORPORATION | 1.6M | 3.1M | 3.5M | 2.8M | 3.3M | 4.0M | $25M |
| NODKNI HLDGS INC | 1.3M | 1.4M | 1.5M | 1.5M | 1.5M | 1.7M | $21M |
| SNFCASECURITY NATL FINL CORP | 2.0M | 2.0M | 2.1M | 2.2M | 2.2M | 2.2M | $21M |
| SWK HLDGS CORP | 800K | 792K | 698K | 733K | 853K | 995K | $17M |
| BHFBRIGHTHOUSE FINL INC | — | — | — | — | — | 280K | $17M |
| RBKBRHINEBECK BANCORP INC | 1.1M | 1.0M | 1.0M | 998K | 1.0M | 1.0M | $16M |
| NFBKNORTHFIELD BANCORP INC DEL | — | — | — | — | — | 777K | $11M |
| ALRSALERUS FINL CORP | 180K | 187K | 217K | 262K | 411K | 417K | $10M |
| PKBKPARKE BANCORP INC | 438K | 438K | 438K | 384K | 340K | 333K | $9M |
| GDOTGREEN DOT CORP | — | — | — | — | — | 749K | $8M |
| CBFVCB FINL SVCS INC | 32K | 98K | 175K | 164K | 164K | 171K | $6M |
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.
