Location: Chicago, IL
CIK: 0001029311 · Show all filings
Period: Q2 2025 (← Previous) (Next →)
Filing Date: Aug 14, 2025
Total Value: $662M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| UNTY | Unity Bancorp, Inc. | 524,218 | $24.68M | 3.7% | $14.79 | +189.2% | Common | 913290102 |
| FNBT | FineMark Holdings, Inc. | 535,265 | $22.08M | 3.3% | $30.43 | -5.6% | Common | 31788B108 |
| OSBC | Old Second Bancorp, Inc. | 1,157,378 | $20.53M | 3.1% | $8.10 | +99.0% | Common | 680277100 |
| PBAM | Private Bancorp of America, Inc. | 332,531 | $18.03M | 2.7% | $23.81 | +127.1% | Common | 74274F100 |
| BCAL | California BanCorp. | 993,400 | $15.66M | 2.4% | $13.52 | +4.9% | Common | 84252A106 |
| FRBA | First Bank | 991,249 | $15.33M | 2.3% | $9.51 | +50.0% | Common | 31931U102 |
| FRST | Primis Financial Corporation | 1,369,088 | $14.85M | 2.2% | $11.38 | -21.5% | Common | 74167B109 |
| AMBZ | American Business Bank | 347,447 | $14.82M | 2.2% | $29.00 | +44.7% | Common | 02475L105 |
| WCCB | West Coast Community Bancorp | 363,820 | $14.24M | 2.2% | $26.12 | +48.6% | Common | 952170108 |
| — | Southern States Bancshares, Inc. | 382,380 | $13.91M | 2.1% | $22.46 | — | Common | 843878307 |
| AVBH | Avidbank Holdings, Inc. | 670,039 | $13.69M | 2.1% | $19.62 | +5.7% | Common | 05368J103 |
| FBIZ | First Business Financial Services, Inc. | 264,477 | $13.4M | 2.0% | $18.60 | +152.6% | Common | 319390100 |
| PGC | Peapack-Gladstone Financial Corporation | 462,399 | $13.06M | 2.0% | $19.83 | +37.6% | Common | 704699107 |
| MBIN | Merchants Bancorp | 385,790 | $12.76M | 1.9% | $21.61 | +48.5% | Common | 58844R108 |
| MNSB | MainStreet Bancshares, Inc. | 651,014 | $12.3M | 1.9% | $14.23 | +25.8% | Common | 56064Y100 |
| TCBI | Texas Capital Bancshares, Inc. | 149,205 | $11.85M | 1.8% | $62.22 | +15.2% | Common | 88224Q107 |
| MCB | Metropolitan Bank Holding Corp. | 159,054 | $11.13M | 1.7% | $45.10 | +36.4% | Common | 591774104 |
| MYFW | First Western Financial, Inc. | 490,521 | $11.07M | 1.7% | $16.79 | +23.0% | Common | 33751L105 |
| SFST | Southern First Bancshares, Inc. | 286,704 | $10.9M | 1.6% | $28.37 | +23.6% | Common | 842873101 |
| MPB | Mid Penn Bank | 375,786 | $10.6M | 1.6% | $24.79 | +6.1% | Common | 59540G107 |
| TFIN | Triumph Bancorp, Inc. | 189,394 | $10.44M | 1.6% | $25.53 | +118.1% | Common | 89679E300 |
| BANC | Banc of California, Inc. | 741,545 | $10.42M | 1.6% | $15.93 | -15.9% | Common | 05990K106 |
| CBAN | Colony Bankcorp Inc. | 621,159 | $10.23M | 1.5% | $15.01 | +0.7% | Common | 19623P101 |
| INBK | First Internet Bancorp | 350,296 | $9.423M | 1.4% | $24.87 | -4.1% | Common | 320557101 |
| CCNE | CNB Financial Corporation | 406,776 | $9.299M | 1.4% | $20.29 | +6.3% | Common | 126128107 |
| ISTR | Investar Holding Corporation | 480,906 | $9.291M | 1.4% | $18.55 | -0.6% | Common | 46134L105 |
| BUSE | First Busey Corporation | 405,929 | $9.29M | 1.4% | $22.17 | -5.5% | Common | 319383204 |
| MCBI | Mountain Commerce Bancorp | 464,783 | $9.249M | 1.4% | $21.02 | -5.5% | Common | 624004107 |
| MBWM | Mercantile Bank Corporation | 195,152 | $9.057M | 1.4% | $14.28 | +196.7% | Common | 587376104 |
| ALRS | Alerus Financial Corporation | 398,538 | $8.624M | 1.3% | $19.10 | +1.9% | Common | 01446U103 |
| BFST | Business First Bancshares, Inc. | 347,116 | $8.556M | 1.3% | $21.37 | +7.9% | Common | 12326C105 |
| OBT | Orange County Bancorp, Inc. | 329,956 | $8.526M | 1.3% | $20.07 | +21.6% | Common | 68417L107 |
| ALPIB | Alpine Banks of Colorado | 315,338 | $8.508M | 1.3% | $27.27 | +3.9% | Common | 020810107 |
| BRBS | Blue Ridge Bankshares, Inc. | 2,341,902 | $8.407M | 1.3% | $4.30 | -25.9% | Common | 095825105 |
| CNOB | ConnectOne Bancorp, Inc. | 342,186 | $7.925M | 1.2% | $15.87 | +40.2% | Common | 20786W107 |
| MRBK | Meridian Bank | 600,415 | $7.739M | 1.2% | $10.30 | +24.8% | Common | 58958P104 |
| TCBX | Third Coast Bancshares | 215,383 | $7.037M | 1.1% | $23.38 | +30.4% | Common | 88422P109 |
| FNRN | First Northern Community Bancorp | 715,588 | $6.97M | 1.1% | $7.92 | +24.7% | Common | 335925103 |
| SMBK | SmartFinancial, Inc. | 200,587 | $6.776M | 1.0% | $19.92 | +55.0% | Common | 83190L208 |
| FFWM | First Foundation Inc. | 1,143,054 | $5.83M | 0.9% | $14.88 | -65.6% | Common | 32026V104 |
| FSUN | FirstSun Capital Bancorp | 163,705 | $5.689M | 0.9% | $31.85 | +10.0% | Common | 33767U107 |
| CZWI | Citizens Community Bancorp, Inc. | 411,996 | $5.686M | 0.9% | $8.62 | +63.9% | Common | 174903104 |
| BSVN | Bank7 Corp | 128,519 | $5.376M | 0.8% | $21.61 | +72.6% | Common | 06652N107 |
| COSO | CoastalSouth Bancshares, Inc. | 247,605 | $5.272M | 0.8% | $12.14 | +67.9% | Common | 19058X207 |
| ORPB | Oregon Pacific Bancorp | 631,086 | $4.979M | 0.8% | $5.63 | +39.8% | Common | 686040205 |
| SHBI | Shore Bancshares, Inc. | 303,809 | $4.776M | 0.7% | $12.95 | +8.6% | Common | 825107105 |
| FSRL | First Reliance Bancshares, Inc. | 493,284 | $4.736M | 0.7% | $7.30 | +28.7% | Common | 33615Q100 |
| BPRN | Princeton Bancorp, Inc. | 153,926 | $4.701M | 0.7% | $28.29 | +3.3% | Common | 74179A107 |
| — | Veritex Holdings, Inc. | 179,895 | $4.695M | 0.7% | $26.80 | — | Common | 923451108 |
| UBFO | United Security Bankshares | 536,316 | $4.639M | 0.7% | $6.16 | +33.5% | Common | 911460103 |
| RCBC | River City Bank | 13,720 | $4.624M | 0.7% | $16.82 | +98.3% | Common | 76803X106 |
| LNKB | LinkBancorp | 623,533 | $4.558M | 0.7% | $6.75 | -1.1% | Common | 53578P105 |
| BWFG | Bankwell Financial Group, Inc. | 126,377 | $4.553M | 0.7% | $21.43 | +52.7% | Common | 06654A103 |
| STBK | Studio Bank | 425,956 | $4.26M | 0.6% | $9.93 | -1.2% | Common | 864001102 |
| SSBI | Summit State Bank | 385,128 | $4.175M | 0.6% | $11.95 | -22.2% | Common | 866264203 |
| WRIV | White River Bancshares Company | 99,000 | $4.148M | 0.6% | $32.69 | +22.0% | Common | 96445A108 |
| — | Enterprise Bancorp, Inc. | 103,375 | $4.098M | 0.6% | $27.84 | — | Common | 293668109 |
| FGFH | Foresight Financial Group, Inc. | 131,068 | $4.049M | 0.6% | $22.21 | +37.7% | Common | 345526107 |
| COFS | ChoiceOne Financial Services, Inc. | 135,435 | $3.887M | 0.6% | $30.88 | -10.5% | Common | 170386106 |
| FCPB | First Capital Bancshares, Inc. | 368,316 | $3.834M | 0.6% | $7.31 | +43.0% | Common | 31941G101 |
| PMHG | Prime Meridian Holding Company | 76,418 | $3.744M | 0.6% | $19.09 | +131.6% | Common | 74164R107 |
| CMHF | Community Heritage Financial Inc. | 143,258 | $3.653M | 0.6% | $21.49 | +15.4% | Common | 20370L103 |
| CCNB | Coastal Carolina Bancshares, Inc. | 324,238 | $3.641M | 0.6% | $8.20 | +32.5% | Common | 190435107 |
| BSRR | Sierra Bancorp | 121,424 | $3.605M | 0.5% | $16.44 | +60.7% | Common | 82620P102 |
| HNVR | Hanover Bancorp Inc. | 136,929 | $3.134M | 0.5% | $21.91 | 0.0% | Common | 410709109 |
| AMTB | Amerant Bancorp Inc. | 170,000 | $3.099M | 0.5% | $21.24 | -17.7% | Common | 023576101 |
| BY | Byline Bancorp, Inc. | 107,612 | $2.876M | 0.4% | $18.61 | +36.2% | Common | 124411109 |
| SABK | South Atlantic Bancshares, Inc. | 179,496 | $2.87M | 0.4% | $486.89 | -96.8% | Common | 83636T104 |
| ARBV | American Riviera Bancorp | 147,189 | $2.836M | 0.4% | $18.43 | +2.6% | Common | 02933K103 |
| PSBQ | PSB Holdings, Inc. | 118,094 | $2.821M | 0.4% | $22.97 | +6.5% | Common | 69360N108 |
| FSBC | Five Star Bancorp | 95,919 | $2.738M | 0.4% | $22.58 | +19.1% | Common | 33830T103 |
| SBKO | Summit Bank Group, Inc. | 190,501 | $2.696M | 0.4% | $12.00 | +16.2% | Common | 86603R100 |
| FISI | Financial Institutions, Inc. | 104,000 | $2.671M | 0.4% | $24.95 | -3.0% | Common | 317585404 |
| DCOM | Dime Community Bancshares, Inc. | 97,948 | $2.639M | 0.4% | $26.14 | -2.6% | Common | 25432X102 |
| BLHK | Blueharbor Bank | 96,602 | $2.605M | 0.4% | $12.52 | +94.8% | Common | 095613105 |
| GNRV | Grand River Commerce, Inc. | 675,014 | $2.531M | 0.4% | $5.36 | -32.5% | Common | 386441109 |
| FVCB | FVCBankcorp Inc. | 214,088 | $2.526M | 0.4% | $12.01 | -8.0% | Common | 36120Q101 |
| USCB | USCB Financial Holdings Inc. | 149,230 | $2.468M | 0.4% | $13.82 | +21.6% | Common | 90355N101 |
| MFGI | Merchants Financial Group, Inc. | 96,077 | $2.412M | 0.4% | $22.25 | +7.8% | Common | 588538108 |
| SOUB | SouthPoint Bancshares, Inc. | 113,414 | $2.393M | 0.4% | $20.02 | +18.6% | Common | 844647107 |
| ONB | Old National Bancorp | 109,251 | $2.331M | 0.4% | $20.69 | 0.0% | Common | 680033107 |
| UBAB | United Bancorporation of Alabama, Inc. | 43,474 | $2.294M | 0.3% | $24.39 | +102.5% | Common | 90944R100 |
| BBT | Berkshire Hills Bancorp | 86,206 | $2.159M | 0.3% | $27.54 | -12.7% | Common | 084680107 |
| EFSI | Eagle Financial Services Inc. | 65,000 | $1.99M | 0.3% | $32.75 | -8.5% | Common | 26951R104 |
| BCTF | Bancorp 34, Inc. | 162,857 | $1.987M | 0.3% | $12.37 | -3.7% | Common | 05970V106 |
| CBWA | Commencement Bancorp, Inc. | 161,960 | $1.96M | 0.3% | $9.89 | +23.2% | Common | 20051D107 |
| FSBH | FSBH Corp (was First Southern Bank) | 234,250 | $1.944M | 0.3% | $7.68 | +11.4% | Common | 30325F101 |
| BAFN | BayFirst Financial Corp. | 125,272 | $1.754M | 0.3% | $22.90 | -34.7% | Common | 07279B104 |
| MVLY | Mission Valley Bancorp | 105,117 | $1.619M | 0.2% | $8.26 | +83.7% | Common | 60520E104 |
| BWB | Bridgewater Bancshares, Inc. | 101,479 | $1.615M | 0.2% | $10.91 | +34.4% | Common | 108621103 |
| PPBN | Pinnacle Bankshares Corporation | 48,382 | $1.597M | 0.2% | $16.53 | +92.7% | Common | 72345E102 |
| RNST | Renasant Corporation | 41,875 | $1.505M | 0.2% | $33.20 | +0.4% | Common | 75970E107 |
| EDVR | Endeavor Bancorp | 101,072 | $1.485M | 0.2% | $10.24 | +36.2% | Common | 29260B109 |
| WEX | WEX Inc. | 9,955 | $1.462M | 0.2% | $167.38 | -19.8% | Common | 96208T104 |
| PWBK | Pacific West Bancorp | 135,715 | $1.425M | 0.2% | $11.10 | -11.0% | Common | 69506J102 |
| MVBF | MVB Financial Corp. | 62,789 | $1.415M | 0.2% | $16.43 | +10.4% | Common | 553810102 |
| TRCY | Tri City Bankshares Corporation | 94,772 | $1.355M | 0.2% | $19.04 | — | Common | 895364107 |
| TBBK | The Bancorp, Inc. | 23,592 | $1.344M | 0.2% | $26.85 | +88.3% | Common | 05969A105 |
| FXNC | First National Corporation | 65,880 | $1.283M | 0.2% | $16.37 | +18.6% | Common | 32106V107 |
| PBNK | Pinnacle Bank | 63,514 | $1.27M | 0.2% | $8.23 | +133.9% | Common | 72346K107 |
| — | Dogwood State Bank | 79,721 | $1.212M | 0.2% | $13.26 | — | Common | 25660B103 |
| HTBK | Heritage Commerce Corp | 121,539 | $1.207M | 0.2% | $8.31 | +10.3% | Common | 426927109 |
| SBNC | Southern BancShares (N.C.), Inc. | 124 | $1.042M | 0.2% | $2433.28 | +240.4% | Common | 842243107 |
| FCCO | First Community Corporation | 41,317 | $1.007M | 0.2% | $14.98 | +50.7% | Common | 319835104 |
| CNBW | CNB Corporation | 14,348 | $839K | 0.1% | $61.21 | -6.2% | Common | 12612R105 |
| MLGF | Malaga Financial Corporation | 41,269 | $830K | 0.1% | $18.44 | +2.9% | Common | 561046103 |
| NPB | Northpointe Bancshares | 60,000 | $823K | 0.1% | $14.31 | -6.1% | Common | 66661N886 |
| SOME | Somerset Trust Holding Company | 11,787 | $625K | 0.1% | $42.78 | +13.6% | Common | 835126103 |
| BORT | Bank of Botetourt | 16,504 | $581K | 0.1% | $22.94 | +46.2% | Common | 063907208 |
| CBNK | Capital Bancorp, Inc. | 14,400 | $484K | 0.1% | $12.02 | +152.0% | Common | 139737100 |
| PTBS | Potomac Bancshares, Inc. | 27,792 | $482K | 0.1% | $11.64 | +36.7% | Common | 737643106 |
| FCOB | 1st Colonial Bancorp | 29,457 | $477K | 0.1% | $8.42 | +78.0% | Common | 319716106 |
| HBT | HBT Financial, Inc. | 18,403 | $464K | 0.1% | $15.65 | +49.6% | Common | 404111106 |
| LOB | Live Oak Bancshares | 10,350 | $308K | 0.0% | $61.92 | -56.4% | Common | 53803X105 |
| FFMH | First Farmers and Merchants Corporation | 6,129 | $256K | 0.0% | $27.67 | +41.1% | Common | 320148109 |