CIK 1767366
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 | 60.34% | 26 |
| Unclassified | 15.71% | 4 |
| Insurance | 7.94% | 4 |
| Capital Markets | 5.99% | 2 |
| Real Estate Management & Development | 4.15% | 3 |
| Equity Real Estate Investment Trusts (REITs) | 3.21% | 1 |
| Commercial Services & Supplies | 2.36% | 1 |
| Construction & Engineering | 0.29% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BANC | BANC OF CALIFORNIA, INC. | Financials | 10.64% |
| 2 | BBT | Beacon Financial Corp | Financials | 9.89% |
| 3 | XLF | SELECT SECTOR SPDR TR | Unclassified | 7.71% |
| 4 | FNF | Fidelity National Financial, Inc. | Financials | 7.09% |
| 5 | APO | Apollo Global Management, Inc. | Financials | 3.72% |
| 6 | ONB | OLD NATIONAL BANCORP /IN/ | Financials | 3.51% |
| 7 | CBSH | COMMERCE BANCSHARES INC /MO/ | Financials | 3.49% |
| 8 | QQQ | INVESCO QQQ TR | Unclassified | 3.44% |
| 9 | JPM | JPMORGAN CHASE & CO | Financials | 3.31% |
| 10 | ASB | ASSOCIATED BANC-CORP | Financials | 3.24% |
38/42 names classified · sector 84.3% of weight · industry 84.3% · mkt cap 84.3%; 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: 84.3% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 80.8% of book weight (36/42 names) · unclassified 19.2%: XLF, QQQ, ARCC, FLG, TOWN, HBNC. 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 | BANCBANC OF CALIFORNIA INC | 725,000 | $13M | 10.6% | HOLD |
| 2 | BBTBERKSHIRE HILLS BANCORP INC | 394,828 | $12M | 9.9% | TRIM −28% |
| 3 | XLFSELECT SECTOR SPDR TR | 187,000 | $9M | 7.7% | ADD 447% |
| 4 | FNFFIDELITY NATL FINL INC | 183,100 | $8M | 7.1% | NEW |
| 5 | APOAPOLLO GLOBAL MGMT INC | 40,000 | $4M | 3.7% | ADD 122% |
| 6 | ONBOLD NATL BANCORP IND | 190,000 | $4M | 3.5% | ADD 31% |
| 7 | CBSHCOMMERCE BANCSHARES INC | 85,000 | $4M | 3.5% | NEW |
| 8 | QQQINVESCO QQQ TR | 7,140 | $4M | 3.4% | NEW |
| 9 | JPMJPMORGAN CHASE & CO | 13,500 | $4M | 3.3% | ADD 8% |
| 10 | ASBASSOCIATED BANC CORP | 150,000 | $4M | 3.2% | NEW |
| 11 | RITMRITHM CAPITAL CORP | 405,707 | $4M | 3.2% | TRIM −5% |
| 12 | BANRBANNER CORP | 60,000 | $4M | 3.0% | NEW |
| 13 | ARCCARES CAPITAL CORP | 185,258 | $3M | 2.8% | TRIM −31% |
| 14 | COLBCOLUMBIA BKG SYS INC | 111,586 | $3M | 2.6% | NEW |
| 15 | SPGIS&P GLOBAL INC | 6,650 | $3M | 2.4% | ADD 108% |
| 16 | SCHWSCHWAB CHARLES CORP | 28,977 | $3M | 2.3% | NEW |
| 17 | OFGOFG BANCORP | 61,794 | $3M | 2.1% | NEW |
| 18 | FNBF N B CORP | 145,979 | $2M | 2.0% | HOLD |
| 19 | UMBFUMB FINL CORP | 20,968 | $2M | 2.0% | ADD 110% |
| 20 | CBRECBRE GROUP INC | 17,350 | $2M | 2.0% | NEW |
| 21 | FLGFLAGSTAR BANK NATIONAL ASSOC | 166,666 | $2M | 1.8% | HOLD |
| 22 | BACBANK AMERICA CORP | 45,000 | $2M | 1.8% | ADD 50% |
| 23 | FFBCFIRST FINL BANCORP OH | 76,611 | $2M | 1.8% | ADD 28% |
| 24 | TOWNTOWNEBANK PORTSMOUTH VA | 63,302 | $2M | 1.8% | ADD 15% |
| 25 | EFCELLINGTON FINANCIAL INC | 176,500 | $2M | 1.7% | NEW |
| 26 | HBNCHORIZON BANCORP INC | 118,372 | $2M | 1.6% | ADD 24% |
| 27 | NWBINORTHWEST BANCSHARES INC MD | 151,965 | $2M | 1.6% | ADD 69% |
| 28 | FISIFINANCIAL INSTNS INC | 50,000 | $2M | 1.3% | HOLD |
| 29 | FBPFIRST BANCORP P R | 64,646 | $1M | 1.2% | NEW |
| 30 | NRIMNORTHRIM BANCORP INC | 50,540 | $1M | 1.0% | NEW |
| 31 | FULTFULTON FINL CORP PA | 47,000 | $955,980 | 0.8% | TRIM −18% |
| 32 | JLLJONES LANG LASALLE INC | 1,733 | $527,387 | 0.4% | NEW |
| 33 | BUSEFIRST BUSEY CORP | 20,000 | $505,400 | 0.4% | TRIM −72% |
| 34 | SBSISOUTHSIDE BANCSHARES INC | 15,000 | $466,350 | 0.4% | TRIM −82% |
| 35 | FGF&G ANNUITIES & LIFE INC | 15,000 | $379,800 | 0.3% | NEW |
| 36 | TMHCTAYLOR MORRISON HOME CORP | 6,000 | $349,440 | 0.3% | TRIM −33% |
| 37 | GLGLOBE LIFE INC | 2,500 | $347,925 | 0.3% | TRIM −67% |
| 38 | PGRPROGRESSIVE CORP | 1,500 | $297,360 | 0.2% | NEW |
| 39 | CCITIGROUP INC | 2,500 | $283,525 | 0.2% | TRIM −81% |
| 40 | WSBCWESBANCO INC | 7,500 | $258,675 | 0.2% | TRIM −91% |
| 41 | BKUBANKUNITED INC | 5,000 | $225,800 | 0.2% | HOLD |
| 42 | NBTBNBT BANCORP INC | 5,168 | $220,053 | 0.2% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BANCBANC OF CALIFORNIA INC | 993K | 993K | 993K | 993K | 725K | 725K | $13M |
| BBTBERKSHIRE HILLS BANCORP INC | 345K | 345K | 345K | 456K | 545K | 395K | $12M |
| XLFSELECT SECTOR SPDR TR | — | — | — | — | 34K | 187K | $9M |
| FNFFIDELITY NATL FINL INC | — | — | — | — | — | 183K | $8M |
| APOAPOLLO GLOBAL MGMT INC | — | — | — | — | 18K | 40K | $4M |
| ONBOLD NATL BANCORP IND | 47K | 47K | 47K | 125K | 145K | 190K | $4M |
| CBSHCOMMERCE BANCSHARES INC | — | — | — | — | — | 85K | $4M |
| QQQINVESCO QQQ TR | — | — | — | — | — | 7K | $4M |
| JPMJPMORGAN CHASE & CO | — | 9K | 9K | 5K | 13K | 14K | $4M |
| ASBASSOCIATED BANC CORP | — | — | — | — | — | 150K | $4M |
| RITMRITHM CAPITAL CORP | 150K | 88K | 88K | 275K | 426K | 406K | $4M |
| BANRBANNER CORP | — | — | — | — | — | 60K | $4M |
| ARCCARES CAPITAL CORP | — | — | — | — | 270K | 185K | $3M |
| COLBCOLUMBIA BKG SYS INC | — | — | — | — | — | 112K | $3M |
| SPGIS&P GLOBAL INC | — | 2K | — | 6K | 3K | 7K | $3M |
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.
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