CIK 1599170
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 | 80.16% | 45 |
| Equity Real Estate Investment Trusts (REITs) | 4.85% | 29 |
| Insurance | 4.47% | 18 |
| Capital Markets | 3.39% | 12 |
| Unclassified | 3.27% | 5 |
| Real Estate Management & Development | 1.27% | 3 |
| Software | 1.18% | 2 |
| Construction & Engineering | 0.66% | 2 |
| Commercial Services & Supplies | 0.40% | 6 |
| Health Care Providers & Services | 0.17% | 1 |
| Specialty Retail | 0.12% | 1 |
| Hotels, Restaurants & Leisure | 0.05% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SSB | SouthState Bank Corp | Financials | 8.11% |
| 2 | HTB | HomeTrust Bancshares, Inc. | Financials | 7.46% |
| 3 | NIC | NICOLET BANKSHARES INC | Financials | 5.13% |
| 4 | SFST | SOUTHERN FIRST BANCSHARES INC | Financials | 4.95% |
| 5 | EQBK | EQUITY BANCSHARES INC | Financials | 4.61% |
| 6 | BCAL | California BanCorp \ CA | Financials | 4.10% |
| 7 | EBC | Eastern Bankshares, Inc. | Financials | 3.84% |
| 8 | RBB | RBB Bancorp | Financials | 3.64% |
| 9 | OSBC | OLD SECOND BANCORP INC | Financials | 3.42% |
| 10 | FRME | FIRST MERCHANTS CORP | Financials | 3.10% |
121/126 names classified · sector 96.7% of weight · industry 96.7% · mkt cap 96.7%; 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: 96.7% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 82.7% of book weight (110/126 names) · unclassified 17.3%: HTB, HBNC, TOWN, CBNA, XZO, AVBC, HTGC, HYNE, MAIN, MSIF +6 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 | SSBSOUTHSTATE BK CORP | 778,627 | $72M | 8.1% | TRIM −4% |
| 2 | HTBHOMETRUST BANCSHARES INC | 1,554,425 | $66M | 7.5% | TRIM −8% |
| 3 | NICNICOLET BANKSHARES INC | 306,381 | $46M | 5.1% | ADD 1400% |
| 4 | SFSTSOUTHERN FIRST BANCSHARES | 807,223 | $44M | 5.0% | HOLD |
| 5 | EQBKEQUITY BANCSHARES INC | 921,074 | $41M | 4.6% | TRIM −25% |
| 6 | BCALCALIFORNIA BANCORP | 2,054,534 | $36M | 4.1% | ADD 62% |
| 7 | EBCEASTERN BANKSHARES INC | 1,741,864 | $34M | 3.8% | ADD 88% |
| 8 | RBBRBB BANCORP | 1,511,408 | $32M | 3.6% | HOLD |
| 9 | OSBCOLD SECOND BANCORP INC ILL | 1,505,102 | $30M | 3.4% | TRIM −18% |
| 10 | FRMEFIRST MERCHANTS CORP | 711,425 | $28M | 3.1% | ADD 12% |
| 11 | SBCFSEACOAST BKG CORP FLA | 906,053 | $27M | 3.1% | TRIM −33% |
| 12 | HBNCHORIZON BANCORP INC | 1,291,208 | $21M | 2.4% | ADD 19% |
| 13 | TOWNTOWNEBANK PORTSMOUTH VA | 559,772 | $19M | 2.1% | ADD 207% |
| 14 | HBANHUNTINGTON BANCSHARES INC | 1,116,816 | $17M | 2.0% | NEW |
| 15 | BKUBANKUNITED INC | 380,554 | $17M | 1.9% | NEW |
| 16 | CVBFCVB FINL CORP | 851,426 | $17M | 1.9% | ADD 209% |
| 17 | ONBOLD NATL BANCORP IND | 717,018 | $16M | 1.8% | HOLD |
| 18 | SMBCSOUTHERN MO BANCORP INC | 202,427 | $13M | 1.5% | TRIM −33% |
| 19 | INDBINDEPENDENT BK CORP MASS | 165,653 | $12M | 1.4% | TRIM −28% |
| 20 | NTRSNORTHERN TR CORP | 79,026 | $11M | 1.2% | NEW |
| 21 | ABCBAMERIS BANCORP | 134,868 | $11M | 1.2% | NEW |
| 22 | CBNACHAIN BRIDGE BANCORP INC | 293,788 | $10M | 1.2% | HOLD |
| 23 | XZOEXZEO GROUP INC | 682,440 | $10M | 1.1% | ADD 187% |
| 24 | AVBCAVIDIA BANCORP INC | 497,258 | $10M | 1.1% | HOLD |
| 25 | JLLJONES LANG LASALLE INC | 31,881 | $10M | 1.1% | ADD 171% |
| 26 | BACBANK AMERICA CORP | 189,376 | $9M | 1.0% | NEW |
| 27 | MSMORGAN STANLEY | 56,089 | $9M | 1.0% | TRIM −25% |
| 28 | WSBCWESBANCO INC | 243,843 | $8M | 0.9% | TRIM −30% |
| 29 | JMSBJOHN MARSHALL BANCORP INC | 412,273 | $8M | 0.9% | HOLD |
| 30 | CFGCITIZENS FINL GROUP INC | 125,939 | $8M | 0.9% | NEW |
| 31 | IBCPINDEPENDENT BK CORP MICH | 203,607 | $7M | 0.8% | TRIM −47% |
| 32 | HWBKHAWTHORN BANCSHARES INC | 190,710 | $6M | 0.7% | HOLD |
| 33 | SYBTSTOCK YDS BANCORP INC | 92,849 | $6M | 0.7% | ADD 1362% |
| 34 | SFBSSERVISFIRST BANCSHARES INC | 79,906 | $6M | 0.7% | NEW |
| 35 | SCHWSCHWAB CHARLES CORP | 61,883 | $6M | 0.7% | NEW |
| 36 | HCIHCI GROUP INC | 37,287 | $6M | 0.6% | ADD 96% |
| 37 | VIRTVIRTU FINL INC | 125,790 | $6M | 0.6% | NEW |
| 38 | PLMRPALOMAR HLDGS INC | 45,433 | $5M | 0.6% | ADD 1076% |
| 39 | AMTBAMERANT BANCORP INC | 245,913 | $5M | 0.6% | NEW |
| 40 | CNOCNO FINL GROUP INC | 131,679 | $5M | 0.6% | ADD 237% |
| 41 | USBUS BANCORP | 98,115 | $5M | 0.6% | TRIM −74% |
| 42 | UMBFUMB FINL CORP | 43,740 | $5M | 0.6% | ADD 65% |
| 43 | ESNTESSENT GROUP LTD | 75,024 | $4M | 0.5% | NEW |
| 44 | PHMPULTE GROUP INC | 35,719 | $4M | 0.5% | ADD 15% |
| 45 | SKWDSKYWARD SPECIALTY INS GROUP | 94,379 | $4M | 0.5% | TRIM −35% |
| 46 | HTGCHERCULES CAPITAL INC | 277,666 | $4M | 0.5% | ADD 63% |
| 47 | OMFONEMAIN HLDGS INC | 75,795 | $4M | 0.5% | NEW |
| 48 | THGHANOVER INS GROUP INC | 22,535 | $4M | 0.4% | TRIM −40% |
| 49 | WELLWELLTOWER INC | 19,277 | $4M | 0.4% | TRIM −8% |
| 50 | HYNEHOYNE BANCORP INC | 261,000 | $4M | 0.4% | HOLD |
| 51 | DLRDIGITAL RLTY TR INC | 20,829 | $4M | 0.4% | ADD 286% |
| 52 | NDAQNASDAQ INC | 42,372 | $4M | 0.4% | NEW |
| 53 | MAINMAIN STR CAP CORP | 67,667 | $4M | 0.4% | NEW |
| 54 | NLYANNALY CAPITAL MANAGEMENT IN | 165,250 | $3M | 0.4% | ADD 128% |
| 55 | EQIXEQUINIX INC | 3,563 | $3M | 0.4% | NEW |
| 56 | IVTINVENTRUST PPTYS CORP | 111,953 | $3M | 0.4% | TRIM −10% |
| 57 | EGBNEAGLE BANCORP INC MD | 126,895 | $3M | 0.4% | NEW |
| 58 | BXMTBLACKSTONE MTG TR INC | 160,596 | $3M | 0.3% | ADD 407% |
| 59 | ECPGENCORE CAP GROUP INC | 40,732 | $3M | 0.3% | NEW |
| 60 | QCRHQCR HOLDINGS INC | 32,601 | $3M | 0.3% | TRIM −75% |
| 61 | AHRAMERICAN HEALTHCARE REIT INC | 58,592 | $3M | 0.3% | ADD 15% |
| 62 | PNCPNC FINL SVCS GROUP INC | 12,467 | $3M | 0.3% | NEW |
| 63 | AUBATLANTIC UN BANKSHARES CORP | 72,243 | $3M | 0.3% | NEW |
| 64 | FRFIRST INDL RLTY TR INC | 42,501 | $2M | 0.3% | TRIM −8% |
| 65 | ADCAGREE RLTY CORP | 31,696 | $2M | 0.3% | TRIM −12% |
| 66 | CTOCTO RLTY GROWTH INC NEW | 116,343 | $2M | 0.2% | ADD 30% |
| 67 | MSIFMSC INCOME FUND INC | 171,058 | $2M | 0.2% | NEW |
| 68 | AKRACADIA RLTY TR | 106,677 | $2M | 0.2% | TRIM −57% |
| 69 | HOODROBINHOOD MKTS INC | 29,263 | $2M | 0.2% | NEW |
| 70 | BENFRANKLIN RESOURCES INC | 85,724 | $2M | 0.2% | NEW |
| 71 | AXSAXIS CAP HLDGS LTD | 19,825 | $2M | 0.2% | ADD 303% |
| 72 | RGAREINSURANCE GRP OF AMERICA I | 9,722 | $2M | 0.2% | TRIM −58% |
| 73 | UNMUNUM GROUP | 26,346 | $2M | 0.2% | NEW |
| 74 | TOLTOLL BROTHERS INC | 11,874 | $2M | 0.2% | NEW |
| 75 | EGPEASTGROUP PPTYS INC | 7,930 | $1M | 0.2% | ADD 66% |
| 76 | SNDASONIDA SENIOR LIVING INC | 45,472 | $1M | 0.2% | NEW |
| 77 | DAVEDAVE INC | 8,280 | $1M | 0.2% | ADD 355% |
| 78 | GLGLOBE LIFE INC | 10,347 | $1M | 0.2% | TRIM −70% |
| 79 | BRXBRIXMOR PPTY GROUP INC | 46,798 | $1M | 0.2% | NEW |
| 80 | MAAMID-AMER APT CMNTYS INC | 10,932 | $1M | 0.2% | HOLD |
| 81 | FCFSFIRSTCASH HOLDINGS INC | 5,491 | $1M | 0.1% | NEW |
| 82 | EFCELLINGTON FINANCIAL INC | 81,687 | $967,991 | 0.1% | NEW |
| 83 | SPNTSIRIUSPOINT LTD | 44,143 | $950,840 | 0.1% | TRIM −38% |
| 84 | HQYHEALTHEQUITY INC | 11,210 | $936,820 | 0.1% | TRIM −17% |
| 85 | TRUTRANSUNION | 12,424 | $859,617 | 0.1% | NEW |
| 86 | ELSEQUITY LIFESTYLE PPTYS INC | 13,239 | $826,378 | 0.1% | NEW |
| 87 | COFCAPITAL ONE FINL CORP | 4,276 | $780,071 | 0.1% | ADD 259% |
| 88 | MAMASTERCARD INCORPORATED | 1,518 | $758,484 | 0.1% | ADD 43% |
| 89 | SBRASABRA HEALTH CARE REIT INC | 38,225 | $735,067 | 0.1% | NEW |
| 90 | CURBCURBLINE PPTYS CORP | 24,653 | $635,801 | 0.1% | TRIM −49% |
| 91 | PSTLPOSTAL REALTY TRUST INC | 33,921 | $629,574 | 0.1% | ADD 44% |
| 92 | VVISA INC | 2,020 | $610,525 | 0.1% | ADD 3% |
| 93 | FHIFEDERATED HERMES INC | 10,359 | $587,459 | 0.1% | ADD 136% |
| 94 | SYFSYNCHRONY FINANCIAL | 8,591 | $584,360 | 0.1% | ADD 83% |
| 95 | EFSCENTERPRISE FINL SVCS CORP | 10,182 | $550,948 | 0.1% | NEW |
| 96 | EPRTESSENTIAL PPTYS RLTY TR INC | 17,665 | $536,309 | 0.1% | HOLD |
| 97 | NPNEPTUNE INS HLDGS INC | 21,769 | $526,592 | 0.1% | ADD 119% |
| 98 | SPGSIMON PPTY GROUP INC NEW | 2,639 | $492,253 | 0.1% | NEW |
| 99 | RHPRYMAN HOSPITALITY PPTYS INC | 5,333 | $492,076 | 0.1% | NEW |
| 100 | ACIWACI WORLDWIDE INC | 11,949 | $490,028 | 0.1% | TRIM −34% |
| 101 | MACK CALI RLTY CORP | 24,246 | $457,522 | 0.1% | NEW |
| 102 | CUBECUBESMART | 12,089 | $443,062 | 0.0% | NEW |
| 103 | SIGISELECTIVE INS GROUP INC | 5,663 | $426,934 | 0.0% | NEW |
| 104 | CDPCOPT DEFENSE PROPERTIES | 13,900 | $425,340 | 0.0% | NEW |
| 105 | MKLMARKEL GROUP INC | 202 | $386,642 | 0.0% | NEW |
| 106 | UHTUNIVERSAL HEALTH RLTY INCOME | 9,409 | $380,782 | 0.0% | HOLD |
| 107 | GNWGENWORTH FINL INC | 46,118 | $374,478 | 0.0% | NEW |
| 108 | JHGJANUS HENDERSON GROUP PLC | 7,224 | $371,097 | 0.0% | TRIM −40% |
| 109 | HLNEHAMILTON LANE INC | 3,634 | $361,220 | 0.0% | NEW |
| 110 | XHRXENIA HOTELS & RESORTS INC | 23,462 | $347,941 | 0.0% | NEW |
| 111 | CGCARLYLE GROUP INC/THE | 7,055 | $341,391 | 0.0% | NEW |
| 112 | BNLBROADSTONE NET LEASE INC | 14,817 | $270,707 | 0.0% | HOLD |
| 113 | BFHBREAD FINANCIAL HOLDINGS INC | 3,466 | $259,569 | 0.0% | ADD 28% |
| 114 | VOYAVOYA FINANCIAL INC | 3,501 | $239,188 | 0.0% | TRIM −90% |
| 115 | VTRVENTAS INC | 2,842 | $232,419 | 0.0% | TRIM −56% |
| 116 | JXNJACKSON FINANCIAL INC | 2,148 | $227,087 | 0.0% | TRIM −22% |
| 117 | PYPLPAYPAL HLDGS INC | 4,977 | $225,110 | 0.0% | NEW |
| 118 | EQREQUITY RESIDENTIAL | 3,770 | $222,996 | 0.0% | TRIM −79% |
| 119 | TRVTRAVELERS COMPANIES INC | 754 | $219,927 | 0.0% | NEW |
| 120 | NTSTNETSTREIT CORP | 10,966 | $206,490 | 0.0% | TRIM −62% |
| 121 | GPNGLOBAL PMTS INC | 3,046 | $204,996 | 0.0% | NEW |
| 122 | GCMGGCM GROSVENOR INC | 17,747 | $173,921 | 0.0% | NEW |
| 123 | SVCSERVICE PPTYS TR | 94,090 | $127,492 | 0.0% | NEW |
| 124 | SHOSUNSTONE HOTEL INVS INC NEW | 13,200 | $118,932 | 0.0% | NEW |
| 125 | BHRBRAEMAR HOTELS & RESORTS INC | 41,436 | $97,789 | 0.0% | NEW |
| 126 | RPCP10 INC | 11,107 | $80,637 | 0.0% | TRIM −98% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| SSBSOUTHSTATE BK CORP | — | — | — | 528K | 813K | 779K | $72M |
| HTBHOMETRUST BANCSHARES INC | 1.6M | 1.7M | 1.7M | 1.7M | 1.7M | 1.6M | $66M |
| NICNICOLET BANKSHARES INC | — | — | — | 16K | 20K | 306K | $46M |
| SFSTSOUTHERN FIRST BANCSHARES | 807K | 807K | 807K | 807K | 807K | 807K | $44M |
| EQBKEQUITY BANCSHARES INC | 1.1M | 1.2M | 1.1M | 1.2M | 1.2M | 921K | $41M |
| BCALCALIFORNIA BANCORP | 264K | 1.1M | 1.3M | 1.3M | 1.3M | 2.1M | $36M |
| EBCEASTERN BANKSHARES INC | — | — | — | 976K | 927K | 1.7M | $34M |
| RBBRBB BANCORP | 1.6M | 1.8M | 1.8M | 1.5M | 1.5M | 1.5M | $32M |
| OSBCOLD SECOND BANCORP INC ILL | 1.8M | 1.8M | 1.8M | 1.9M | 1.8M | 1.5M | $30M |
| FRMEFIRST MERCHANTS CORP | — | — | — | 295K | 634K | 711K | $28M |
| SBCFSEACOAST BKG CORP FLA | — | 392K | 1.2M | 1.2M | 1.4M | 906K | $27M |
| HBNCHORIZON BANCORP INC | — | — | — | 265K | 1.1M | 1.3M | $21M |
| TOWNTOWNEBANK PORTSMOUTH VA | 291K | — | 301K | 222K | 183K | 560K | $19M |
| HBANHUNTINGTON BANCSHARES INC | — | — | — | — | — | 1.1M | $17M |
| BKUBANKUNITED INC | — | — | — | — | — | 381K | $17M |
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.
