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Holdings, Q3 2026

Largest first. Common shares only.

Latest 13F holdings
#The fund's own figures at the end of the quarter. A report can be up to 45 days old when it is filed. Options and bonds are not counted here.Filing
1SFST
Southern First Bancshares, Inc.
662,860$39.3M7.8%Unchanged13F ↗
2QCRH
QCR Holdings, Inc.
377,829$37.0M7.4%-3.3%13F ↗
3PBAM
Private Bancorp of America, Inc.
410,671$34.9M7.0%New13F ↗
4BHRB
Burke & Herbert Financial Services Corp.
504,989$34.6M6.9%+10.0%13F ↗
5OCFC
OceanFirst Financial Corp.
1.72M$28.4M5.7%+27.4%13F ↗
6VLY
Valley National Bancorp
2.06M$26.0M5.2%+35.1%13F ↗
7BCAL
California BanCorp
1.17M$24.9M5.0%-29.6%13F ↗
8AVBH
Avidbank Holdings, Inc.
657,731$20.4M4.1%-0.1%13F ↗
9NBHC
National Bank Holdings Corporation
513,251$20.1M4.0%-7.8%13F ↗
10WCCB
West Coast Community Bancorp
290,005$17.5M3.5%New13F ↗
11CCB
Coastal Financial Corporation
429,702$17.2M3.4%Unchanged13F ↗
12EFSC
Enterprise Financial Services Corporation
282,702$16.7M3.3%Unchanged13F ↗
13USCB
USCB Financial Holdings, Inc.
733,234$16.0M3.2%-30.3%13F ↗
14ONB
Old National Bancorp
605,124$14.9M3.0%-20.3%13F ↗
15VABK
Virginia National Bankshares Corporation
298,750$14.2M2.8%Unchanged13F ↗
16CIVB
Civista Bancshares, Inc.
506,481$13.4M2.7%-1.9%13F ↗
17FBK
FB Financial Corporation
229,832$11.9M2.4%+88.8%13F ↗
18OBK
Origin Bancorp, Inc.
223,571$11.7M2.3%-23.3%13F ↗
19BCBP
BCB Bancorp, Inc.
1.34M$11.5M2.3%New13F ↗
20Townebank Portsmouth Va298,389$10.6M2.1%+9.3%13F ↗
21HBAN
Huntington Bancshares Incorporated
669,619$10.2M2.0%-15.4%13F ↗
22BY
Byline Bancorp, Inc.
238,671$8.8M1.8%Unchanged13F ↗
23FIGR
Figure Technology Solutions, Inc.
223,543$6.4M1.3%-10.0%13F ↗
24FMBH
First Mid Bancshares, Inc.
127,109$6.2M1.2%-19.5%13F ↗
25FCBM
First Carolina Financial Services, Inc.
480,000$6.1M1.2%Unchanged13F ↗
26CLBK
Columbia Financial, Inc.
536,758$5.9M1.2%New13F ↗
27CNOB
ConnectOne Bancorp, Inc.
173,400$5.2M1.0%Unchanged13F ↗
28QNBC
QNB Corp.
107,143$4.9M1.0%New13F ↗
29MVBF
MVB Financial Corp.
145,756$4.2M0.8%-20.2%13F ↗
30CBNA
Chain Bridge Bancorp, Inc.
72,900$3.4M0.7%-12.4%13F ↗
31FNWD
Finward Bancorp
80,428$3.3M0.7%-19.2%13F ↗
32EQBK
Equity Bancshares, Inc.
66,518$3.1M0.6%Unchanged13F ↗
33NPB
Northpointe Bancshares, Inc.
208,015$3.0M0.6%New13F ↗
34FSBC
Five Star Bancorp
65,000$2.8M0.5%New13F ↗
35BANC
Banc of California, Inc.
99,527$1.7M0.3%-31.6%13F ↗
36ALRS
Alerus Financial Corporation
37,477$1.2M0.2%-89.0%13F ↗
37FLG
Flagstar Bank, N.A.
80,531$939.8K0.2%Unchanged13F ↗
38FSBW
FS Bancorp, Inc.
21,198$917.7K0.2%New13F ↗
39CBFV
CB Financial Services, Inc.
24,166$889.8K0.2%Unchanged13F ↗
40MBWM
Mercantile Bank Corporation
13,477$786.0K0.2%New13F ↗
41HOMB
Home BancShares, Inc.
21,094$594.4K0.1%-84.2%13F ↗
42SSB
SouthState Bank Corporation
2,986$297.3K0.1%-83.1%13F ↗

Changes since Q2 2026

9 new, 5 added to, 18 trimmed, 2 exited, 10 unchanged. By estimated dollars.

New positions (9)

New positions
PBAM
Private Bancorp of America, Inc.
410,671New$34.9M
WCCB
West Coast Community Bancorp
290,005New$17.5M
BCBP
BCB Bancorp, Inc.
1.34MNew$11.5M
CLBK
Columbia Financial, Inc.
536,758New$5.9M
QNBC
QNB Corp.
107,143New$4.9M
NPB
Northpointe Bancshares, Inc.
208,015New$3.0M
FSBC
Five Star Bancorp
65,000New$2.8M
FSBW
FS Bancorp, Inc.
21,198New$917.7K
MBWM
Mercantile Bank Corporation
13,477New$786.0K

Added to (5)

Added to
VLY
Valley National Bancorp
2.06M+35.1%$6.8M
OCFC
OceanFirst Financial Corp.
1.72M+27.4%$6.1M
FBK
FB Financial Corporation
229,832+88.8%$5.6M
BHRB
Burke & Herbert Financial Services Corp.
504,989+10.0%$3.1M
Townebank Portsmouth Va298,389+9.3%$904.1K

Trimmed (18)

Trimmed
BCAL
California BanCorp
1.17M-29.6%-$10.4M
ALRS
Alerus Financial Corporation
37,477-89.0%-$9.5M
USCB
USCB Financial Holdings, Inc.
733,234-30.3%-$7.0M
ONB
Old National Bancorp
605,124-20.3%-$3.8M
OBK
Origin Bancorp, Inc.
223,571-23.3%-$3.5M
HOMB
Home BancShares, Inc.
21,094-84.2%-$3.2M
HBAN
Huntington Bancshares Incorporated
669,619-15.4%-$1.9M
NBHC
National Bank Holdings Corporation
513,251-7.8%-$1.7M
FMBH
First Mid Bancshares, Inc.
127,109-19.5%-$1.5M
SSB
SouthState Bank Corporation
2,986-83.1%-$1.5M

Exited (2)

Exited
FVCB
FVCBankcorp, Inc.
277,658Exited-$4.9M
EBC
Eastern Bankshares, Inc.
63,315Exited-$1.4M

The 10 largest of each, by estimated dollars: shares changed times the later report's price. Index tracking, splits and mergers move positions too.

Compare two quarters

Pick any two quarters: what is new, added to, trimmed or exited. Premium plan.

Reported value by quarter

Value and number of positions at the end of each quarter.

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Largest positions in earlier quarters

Pick a quarter to see what the fund's biggest positions were then.

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Ten largest positions

By value, Q3 2026.

$0$10.0M$20.0M$30.0M$40.0MSFST · Value: $39,281,084SFSTQCRH · Value: $36,980,013QCRHPBAM · Value: $34,927,569PBAMBHRB · Value: $34,642,245BHRBOCFC · Value: $28,367,811OCFCVLY · Value: $25,997,945VLYBCAL · Value: $24,900,441BCALAVBH · Value: $20,379,795AVBHNBHC · Value: $20,114,295NBHCWCCB · Value: $17,516,302WCCB

Filings

13F filings
Filing
Q3 2026Nov 6, 202613F-HR42$502.1MCurrentSEC ↗
Q2 2026Aug 7, 202613F-HR35$487.3MCurrentSEC ↗
Q1 2026May 11, 202613F-HR37$441.0MCurrentSEC ↗
Q4 2025Feb 9, 202613F-HR35$359.4MCurrentSEC ↗
Q3 2025Nov 7, 202513F-HR35$330.6MCurrentSEC ↗
Q2 2025Aug 13, 202513F-HR34$290.6MCurrentSEC ↗
Q1 2025May 13, 202513F-HR34$269.4MCurrentSEC ↗

Most recent first, up to 80. An amendment can replace a report or add holdings to it. All 13F filings

Information, not investment advice. Values are the fund's own figures at quarter end; a report can be up to 45 days old when filed. Disclaimer