CIK 1904067
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 | 78.54% | 13 |
| Unclassified | 21.46% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | FFWM | FIRST FNDTN INC | Unclassified | 21.46% |
| 2 | CBSH | COMMERCE BANCSHARES INC /MO/ | Financials | 18.84% |
| 3 | BBT | Beacon Financial Corp | Financials | 10.06% |
| 4 | CFG | CITIZENS FINANCIAL GROUP INC/RI | Financials | 8.88% |
| 5 | PGC | PEAPACK GLADSTONE FINANCIAL CORP | Financials | 7.16% |
| 6 | MRBK | Meridian Corp | Financials | 6.64% |
| 7 | OCFC | OCEANFIRST FINANCIAL CORP | Financials | 6.08% |
| 8 | WNEB | Western New England Bancorp, Inc. | Financials | 6.01% |
| 9 | TCBX | Third Coast Bancshares, Inc. | Financials | 3.22% |
| 10 | SBFG | SB FINANCIAL GROUP, INC. | Financials | 3.09% |
13/14 names classified · sector 78.5% of weight · industry 78.5% · mkt cap 78.5%; 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: 78.5% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 78.5% of book weight (13/14 names) · unclassified 21.5%: FFWM. 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 | FFWMFIRST FNDTN INC | 6,768,343 | $40M | 21.5% | HOLD |
| 2 | CBSHCOMMERCE BANCSHARES INC | 712,590 | $35M | 18.8% | NEW |
| 3 | BBTBERKSHIRE HILLS BANCORP INC | 623,747 | $19M | 10.1% | HOLD |
| 4 | CFGCITIZENS FINL GROUP INC | 275,500 | $17M | 8.9% | HOLD |
| 5 | PGCPEAPACK-GLADSTONE FINL CORP | 378,416 | $13M | 7.2% | HOLD |
| 6 | MRBKMERIDIAN CORPORATION | 651,298 | $12M | 6.6% | HOLD |
| 7 | OCFCOCEANFIRST FINL CORP | 627,333 | $11M | 6.1% | NEW |
| 8 | WNEBWESTERN NEW ENG BANCORP INC | 865,565 | $11M | 6.0% | HOLD |
| 9 | TCBXTHIRD COAST BANCSHARES INC | 158,469 | $6M | 3.2% | NEW |
| 10 | SBFGSB FINL GROUP INC | 274,163 | $6M | 3.1% | HOLD |
| 11 | USBUS BANCORP | 100,000 | $5M | 2.8% | HOLD |
| 12 | WALWESTERN ALLIANCE BANCORP | 70,602 | $5M | 2.7% | NEW |
| 13 | VABKVIRGINIA NATL BANKSHARES COR | 128,953 | $5M | 2.6% | HOLD |
| 14 | BCMLBAYCOM CORP | 26,393 | $784,532 | 0.4% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| FFWMFIRST FNDTN INC | 6.8M | 6.8M | 6.8M | 6.8M | 6.8M | 6.8M | $40M |
| CBSHCOMMERCE BANCSHARES INC | — | — | — | — | — | 713K | $35M |
| BBTBERKSHIRE HILLS BANCORP INC | 226K | 530K | 624K | 624K | 624K | 624K | $19M |
| CFGCITIZENS FINL GROUP INC | 276K | 276K | 276K | 276K | 276K | 276K | $17M |
| PGCPEAPACK-GLADSTONE FINL CORP | 378K | 378K | 378K | 378K | 378K | 378K | $13M |
| MRBKMERIDIAN CORPORATION | 651K | 651K | 651K | 651K | 651K | 651K | $12M |
| OCFCOCEANFIRST FINL CORP | — | — | — | — | — | 627K | $11M |
| WNEBWESTERN NEW ENG BANCORP INC | 866K | 866K | 866K | 866K | 866K | 866K | $11M |
| TCBXTHIRD COAST BANCSHARES INC | — | — | — | — | — | 158K | $6M |
| SBFGSB FINL GROUP INC | 353K | 353K | 353K | 279K | 274K | 274K | $6M |
| USBUS BANCORP | — | — | 100K | 100K | 100K | 100K | $5M |
| WALWESTERN ALLIANCE BANCORP | — | — | — | — | — | 71K | $5M |
| VABKVIRGINIA NATL BANKSHARES COR | 129K | 129K | 129K | 129K | 129K | 129K | $5M |
| BCMLBAYCOM CORP | — | — | — | — | — | 26K | $784,532 |
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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