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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
1FISI
Financial Institutions, Inc.
1.82M$70.8M20.5%Unchanged13F ↗
2EFSC
Enterprise Financial Services Corporation
700,244$41.3M11.9%-4.5%13F ↗
3BANC
Banc of California, Inc.
2.30M$39.6M11.5%-6.1%13F ↗
4HBNC
Horizon Bancorp, Inc.
1.81M$34.1M9.9%Unchanged13F ↗
5FRME
First Merchants Corporation
686,333$27.3M7.9%Unchanged13F ↗
6FNB
F.N.B. Corporation
992,765$17.1M4.9%Unchanged13F ↗
7FNWD
Finward Bancorp
395,716$16.5M4.8%Unchanged13F ↗
8American Riviera Bancorp569,500$16.3M4.7%Unchanged13F ↗
9IBCP
Independent Bank Corporation
318,985$11.2M3.2%Unchanged13F ↗
10FSUN
FirstSun Capital Bancorp
264,521$10.2M3.0%New13F ↗
11FLG
Flagstar Bank, N.A.
835,335$9.7M2.8%Unchanged13F ↗
12CHMG
Chemung Financial Corp
109,336$8.8M2.6%Unchanged13F ↗
13CWBC
Community West Bancshares
329,551$8.6M2.5%Unchanged13F ↗
14First Bk Williamstown New Je478,887$8.3M2.4%Unchanged13F ↗
15FRST
Primis Financial Corp.
237,241$3.6M1.0%Unchanged13F ↗
16MGYR
Magyar Bancorp, Inc.
183,317$3.5M1.0%Unchanged13F ↗
17PGC
Peapack-Gladstone Financial Corporation
65,500$2.9M0.8%+44.0%13F ↗
18ORRF
Orrstown Financial Services, Inc.
64,356$2.6M0.8%Unchanged13F ↗
19FHN
First Horizon Corporation
100,000$2.3M0.7%Unchanged13F ↗
20NBTB
NBT Bancorp Inc.
41,362$2.1M0.6%-43.4%13F ↗
21OPFI
OppFi Inc.
300,000$1.8M0.5%Unchanged13F ↗
22F&M Bk Corp Cap Stk40,513$1.6M0.5%+15.1%13F ↗
23Inbankshares76,585$1.2M0.3%+41.6%13F ↗
24RMBI
Richmond Mutual Bancorporation, Inc.
65,673$975.9K0.3%+6.4%13F ↗
25SBFG
SB Financial Group, Inc.
33,101$947.0K0.3%Unchanged13F ↗
26Cw Bancorp15,000$636.8K0.2%New13F ↗
27Citba Financial Corp11,502$540.6K0.2%Unchanged13F ↗
28PBAM
Private Bancorp of America, Inc.
5,000$425.3K0.1%-28.6%13F ↗
29Pb Financial5,102$367.3K0.1%-28.2%13F ↗
30FNRN
First Northern Community Bancorp
17,980$310.7K0.1%-11.5%13F ↗
31FMBH
First Mid Bancshares, Inc.
3,344$163.0K<0.1%Unchanged13F ↗
32VABK
Virginia National Bankshares Corporation
882$42.0K<0.1%New13F ↗

Changes since Q2 2026

3 new, 4 added to, 6 trimmed, 2 exited, 19 unchanged. By estimated dollars.

New positions (3)

New positions
FSUN
FirstSun Capital Bancorp
264,521New$10.2M
Cw Bancorp15,000New$636.8K
VABK
Virginia National Bankshares Corporation
882New$42.0K

Added to (4)

Added to
PGC
Peapack-Gladstone Financial Corporation
65,500+44.0%$872.4K
Inbankshares76,585+41.6%$351.2K
F&M Bk Corp Cap Stk40,513+15.1%$214.5K
RMBI
Richmond Mutual Bancorporation, Inc.
65,673+6.4%$58.8K

Trimmed (6)

Trimmed
BANC
Banc of California, Inc.
2.30M-6.1%-$2.6M
EFSC
Enterprise Financial Services Corporation
700,244-4.5%-$2.0M
NBTB
NBT Bancorp Inc.
41,362-43.4%-$1.6M
PBAM
Private Bancorp of America, Inc.
5,000-28.6%-$170.1K
Pb Financial5,102-28.2%-$144.0K
FNRN
First Northern Community Bancorp
17,980-11.5%-$40.5K

Exited (2)

Exited
Merchants Financial Group Inc1,380Exited-$54.3K
RVSB
Riverview Bancorp Inc
895Exited-$4,860

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$20.0M$40.0M$60.0M$80.0MFISI · Value: $70,791,656FISIEFSC · Value: $41,279,384EFSCBANC · Value: $39,615,543BANCHBNC · Value: $34,135,495HBNCFRME · Value: $27,302,327FRMEFNB · Value: $17,085,486FNBFNWD · Value: $16,481,571FNWDAmerican… · Value: $16,316,175American…IBCP · Value: $11,241,031IBCPFSUN · Value: $10,213,156FSUN

Filings

13F filings
Filing
Q3 2026Nov 10, 202613F-HR32$345.9MCurrentSEC ↗
Q2 2026Jul 31, 202613F-HR31$359.8MCurrentSEC ↗
Q1 2026May 7, 202613F-HR30$331.6MCurrentSEC ↗
Q4 2025Feb 10, 202613F-HR26$317.2MCurrentSEC ↗
Q3 2025Nov 4, 202513F-HR26$301.4MCurrentSEC ↗
Q2 2025Aug 5, 202513F-HR25$299.7MCurrentSEC ↗
Q1 2025May 13, 202513F-HR27$297.7MCurrentSEC ↗

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