CIK 1697539
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 | 82.02% | 36 |
| Unclassified | 17.98% | 6 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TBBK | Bancorp, Inc. | Financials | 8.58% |
| 2 | KRE | SPDR SERIES TRUST | Unclassified | 8.39% |
| 3 | WTFC | WINTRUST FINANCIAL CORP | Financials | 4.87% |
| 4 | CASH | PATHWARD FINANCIAL, INC. | Financials | 4.59% |
| 5 | ESQ | Esquire Financial Holdings, Inc. | Financials | 4.00% |
| 6 | SPFI | SOUTH PLAINS FINANCIAL, INC. | Financials | 3.34% |
| 7 | CommerceWest Bank | Unclassified | 3.22% | |
| 8 | SYBT | Stock Yards Bancorp, Inc. | Financials | 2.91% |
| 9 | BANF | BANCFIRST CORP /OK/ | Financials | 2.77% |
| 10 | FRME | FIRST MERCHANTS CORP | Financials | 2.73% |
36/42 names classified · sector 82.0% of weight · industry 82.0% · mkt cap 82.0%; 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: 82.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 74.9% of book weight (32/39 names) · unclassified 25.1%: KRE, , VBNK, HTB, TOWN, CBK, CBNA. 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 | TBBKBANCORP INC DEL | 163,126 | $9M | 8.6% | HOLD |
| 2 | KRESPDR SERIES TRUST | 131,610 | $9M | 8.4% | HOLD |
| 3 | WTFCWINTRUST FINL CORP | 35,803 | $5M | 4.9% | HOLD |
| 4 | CASHPATHWARD FINANCIAL INC | 52,576 | $5M | 4.6% | HOLD |
| 5 | ESQESQUIRE FINL HLDGS INC | 38,037 | $4M | 4.0% | HOLD |
| 6 | SPFISOUTH PLAINS FINANCIAL INC | 81,373 | $3M | 3.3% | HOLD |
| 7 | CommerceWest Bank | 88,377 | $3M | 3.2% | HOLD |
| 8 | SYBTSTOCK YDS BANCORP INC | 44,923 | $3M | 2.9% | HOLD |
| 9 | BANFBANCFIRST CORP | 26,105 | $3M | 2.8% | HOLD |
| 10 | FRMEFIRST MERCHANTS CORP | 72,064 | $3M | 2.7% | HOLD |
| 11 | UNTYUNITY BANCORP INC | 52,000 | $3M | 2.6% | HOLD |
| 12 | LKFNLAKELAND FINL CORP | 42,854 | $2M | 2.4% | HOLD |
| 13 | GABCGERMAN AMERN BANCORP INC | 58,199 | $2M | 2.4% | HOLD |
| 14 | FBIZFIRST BUSINESS FINL SVCS INC | 45,000 | $2M | 2.4% | HOLD |
| 15 | HERITAGE COMM CORP | 190,055 | $2M | 2.3% | HOLD |
| 16 | NRIMNORTHRIM BANCORP INC | 99,870 | $2M | 2.2% | TRIM −17% |
| 17 | MBWMMERCANTILE BK CORP | 45,000 | $2M | 2.2% | HOLD |
| 18 | FFINFIRST FINL BANKSHARES INC | 75,054 | $2M | 2.2% | HOLD |
| 19 | CCBCOASTAL FINL CORP WA | 29,013 | $2M | 2.2% | HOLD |
| 20 | CNOBCONNECTONE BANCORP INC | 81,893 | $2M | 2.1% | HOLD |
| 21 | VBNKVERSABANK NEW | 131,426 | $2M | 2.1% | TRIM −34% |
| 22 | HTBHOMETRUST BANCSHARES INC | 50,047 | $2M | 2.1% | NEW |
| 23 | TOWNTOWNEBANK PORTSMOUTH VA | 62,000 | $2M | 2.0% | HOLD |
| 24 | SEACOAST BKG CORP FL | 67,704 | $2M | 2.0% | HOLD |
| 25 | TCBXTHIRD COAST BANCSHARES INC | 51,000 | $2M | 2.0% | HOLD |
| 26 | FBKFB FINL CORP | 38,433 | $2M | 2.0% | HOLD |
| 27 | BANRBANNER CORP | 30,877 | $2M | 1.8% | HOLD |
| 28 | ORRFORRSTOWN FINL SVCS INC | 49,100 | $2M | 1.7% | HOLD |
| 29 | SRCE1ST SOURCE CORP | 25,000 | $2M | 1.7% | HOLD |
| 30 | BWBBRIDGEWATER BANCSHARES INC | 90,614 | $2M | 1.6% | HOLD |
| 31 | CBKCOMMERCIAL BANCGROUP INC | 62,500 | $2M | 1.6% | HOLD |
| 32 | PFSPROVIDENT FINL SVCS INC | 68,962 | $1M | 1.4% | HOLD |
| 33 | TFINTRIUMPH FINANCIAL INC | 24,000 | $1M | 1.4% | HOLD |
| 34 | BFCBANK FIRST CORP | 10,400 | $1M | 1.4% | HOLD |
| 35 | MYFWFIRST WESTN FINL INC | 55,113 | $1M | 1.3% | HOLD |
| 36 | CBNAChain Bridge Bancorp | 39,200 | $1M | 1.3% | HOLD |
| 37 | HBTHBT FINL INC. | 42,500 | $1M | 1.1% | TRIM −54% |
| 38 | NBHCNATIONAL BK HLDGS CORP | 26,075 | $1M | 1.0% | HOLD |
| 39 | FCCOFIRST CMNTY CORP S C | 35,326 | $1M | 1.0% | HOLD |
| 40 | TCBITEXAS CAP BANCSHARES INC | 10,000 | $953,000 | 0.9% | NEW |
| 41 | OBKORIGIN BANCORP INC | 79 | $3,275 | 0.0% | TRIM −100% |
| 42 | Northeast Community Bancorp Inc | 47 | $1,118 | 0.0% | TRIM −100% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| TBBKBANCORP INC DEL | 170K | 165K | 163K | 163K | 163K | 163K | $9M |
| KRESPDR SERIES TRUST | 174K | 170K | 170K | 132K | 132K | 132K | $9M |
| WTFCWINTRUST FINL CORP | 37K | 36K | 36K | 36K | 36K | 36K | $5M |
| CASHPATHWARD FINANCIAL INC | 55K | 53K | 53K | 53K | 53K | 53K | $5M |
| ESQESQUIRE FINL HLDGS INC | 41K | 39K | 38K | 38K | 38K | 38K | $4M |
| SPFISOUTH PLAINS FINANCIAL INC | 84K | 80K | 79K | 81K | 81K | 81K | $3M |
| CommerceWest Bank | 88K | 88K | 88K | 88K | 88K | 88K | $3M |
| SYBTSTOCK YDS BANCORP INC | 63K | 60K | 59K | 45K | 45K | 45K | $3M |
| BANFBANCFIRST CORP | 28K | 27K | 26K | 26K | 26K | 26K | $3M |
| FRMEFIRST MERCHANTS CORP | 77K | 74K | 72K | 72K | 72K | 72K | $3M |
| UNTYUNITY BANCORP INC | 52K | 52K | 52K | 52K | 52K | 52K | $3M |
| LKFNLAKELAND FINL CORP | 46K | 44K | 43K | 43K | 43K | 43K | $2M |
| GABCGERMAN AMERN BANCORP INC | 62K | 59K | 58K | 58K | 58K | 58K | $2M |
| FBIZFIRST BUSINESS FINL SVCS INC | 45K | 45K | 45K | 45K | 45K | 45K | $2M |
| HERITAGE COMM CORP | 204K | 194K | 191K | 190K | 190K | 190K | $2M |
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.
