Location: Chicago, IL
CIK: 0001029311 · Show all filings
Period: Q4 2025 (← Previous) (Next →)
Filing Date: Feb 12, 2026
Total Value: $505M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| UNTY | Unity Bancorp, Inc. | 375,469 | $19.42M | 3.8% | $14.79 | +236.1% | Common Stock | 913290102 |
| OSBC | Old Second Bancorp, Inc. | 905,190 | $17.65M | 3.5% | $8.10 | +129.6% | Common Stock | 680277100 |
| AMBZ | American Business Bank | 260,773 | $16.9M | 3.3% | $29.00 | +103.5% | Common Stock | 02475L105 |
| PBAM | Private Bancorp of America, Inc. | 283,759 | $16.32M | 3.2% | $24.19 | +136.8% | Common Stock | 74274F100 |
| AVBH | Avidbank Holdings, Inc. | 596,430 | $15.84M | 3.1% | $19.66 | +32.0% | Common Stock | 05368J103 |
| BCAL | California BanCorp. | 766,155 | $14.3M | 2.8% | $13.52 | +35.3% | Common Stock | 84252A106 |
| WCCB | West Coast Community Bancorp | 273,451 | $12.03M | 2.4% | $26.12 | +59.8% | Common Stock | 952170108 |
| FRST | Primis Financial Corporation | 788,761 | $10.97M | 2.2% | $11.38 | -1.6% | Common Stock | 74167B109 |
| TCBI | Texas Capital Bancshares, Inc. | 119,762 | $10.84M | 2.1% | $62.22 | +41.1% | Common Stock | 88224Q107 |
| FRBA | First Bank | 658,439 | $10.84M | 2.1% | $9.51 | +66.9% | Common Stock | 31931U102 |
| BANC | Banc of California, Inc. | 519,738 | $10.03M | 2.0% | $15.93 | +12.0% | Common Stock | 05990K106 |
| MCB | Metropolitan Bank Holding Corp. | 128,821 | $9.837M | 1.9% | $45.10 | +63.8% | Common Stock | 591774104 |
| ALPIB | Alpine Banks of Colorado | 237,315 | $9.445M | 1.9% | $27.27 | +32.6% | Common Stock | 020810107 |
| MYFW | First Western Financial, Inc. | 346,090 | $9.279M | 1.8% | $16.79 | +42.0% | Common Stock | 33751L105 |
| FBIZ | First Business Financial Services, Inc. | 166,224 | $9.026M | 1.8% | $18.60 | +178.7% | Common Stock | 319390100 |
| SFST | Southern First Bancshares, Inc. | 171,655 | $8.844M | 1.8% | $28.37 | +69.0% | Common Stock | 842873101 |
| BRBS | Blue Ridge Bankshares, Inc. | 2,029,033 | $8.664M | 1.7% | $4.30 | -1.4% | Common Stock | 095825105 |
| MNSB | MainStreet Bancshares, Inc. | 421,981 | $8.592M | 1.7% | $14.23 | +36.5% | Common Stock | 56064Y100 |
| FNBT | FineMark Holdings, Inc. | 219,426 | $8.354M | 1.7% | $30.43 | +23.3% | Common Stock | 31788B108 |
| MBIN | Merchants Bancorp | 244,462 | $8.326M | 1.6% | $21.61 | +51.6% | Common Stock | 58844R108 |
| PGC | Peapack-Gladstone Financial Corporation | 297,747 | $8.292M | 1.6% | $19.83 | +37.1% | Common Stock | 704699107 |
| ISTR | Investar Holding Corporation | 306,896 | $8.2M | 1.6% | $18.55 | +32.5% | Common Stock | 46134L105 |
| MCBI | Mountain Commerce Bancorp | 351,330 | $8.028M | 1.6% | $21.02 | +6.9% | Common Stock | 624004107 |
| CBAN | Colony Bankcorp Inc. | 427,478 | $7.618M | 1.5% | $15.01 | +12.0% | Common Stock | 19623P101 |
| FBK | FB Financial Corp. | 133,496 | $7.449M | 1.5% | $50.36 | +10.5% | Common Stock | 30257X104 |
| SMBK | SmartFinancial, Inc. | 200,587 | $7.42M | 1.5% | $19.92 | +81.7% | Common Stock | 83190L208 |
| TFIN | Triumph Bancorp, Inc. | 117,136 | $7.336M | 1.5% | $25.53 | +119.4% | Common Stock | 89679E300 |
| MPB | Mid Penn Bank | 207,982 | $6.452M | 1.3% | $24.79 | +17.9% | Common Stock | 59540G107 |
| FSUN | FirstSun Capital Bancorp | 168,489 | $6.341M | 1.3% | $32.00 | +13.8% | Common Stock | 33767U107 |
| MBWM | Mercantile Bank Corporation | 130,841 | $6.293M | 1.2% | $14.28 | +221.2% | Common Stock | 587376104 |
| CCNB | Coastal Carolina Bancshares, Inc. | 466,771 | $6.059M | 1.2% | $9.52 | +31.5% | Common Stock | 190435107 |
| TCBX | Third Coast Bancshares | 157,506 | $5.987M | 1.2% | $23.38 | +63.6% | Common Stock | 88422P109 |
| CNOB | ConnectOne Bancorp, Inc. | 227,795 | $5.973M | 1.2% | $15.87 | +57.9% | Common Stock | 20786W107 |
| CCNE | CNB Financial Corporation | 217,175 | $5.683M | 1.1% | $20.29 | +24.5% | Common Stock | 126128107 |
| MRBK | Meridian Bank | 320,919 | $5.642M | 1.1% | $10.30 | +50.1% | Common Stock | 58958P104 |
| OBT | Orange County Bancorp, Inc. | 197,536 | $5.64M | 1.1% | $20.07 | +30.9% | Common Stock | 68417L107 |
| UBFO | United Security Bankshares | 536,316 | $5.401M | 1.1% | $6.16 | +54.0% | Common Stock | 911460103 |
| BPRN | Princeton Bancorp, Inc. | 153,926 | $5.34M | 1.1% | $28.29 | +14.8% | Common Stock | 74179A107 |
| BSVN | Bank7 Corp | 128,519 | $5.267M | 1.0% | $21.61 | +96.7% | Common Stock | 06652N107 |
| STBK | Studio Bank | 425,956 | $5.052M | 1.0% | $9.93 | +16.0% | Common Stock | 864001102 |
| BFST | Business First Bancshares, Inc. | 190,549 | $4.981M | 1.0% | $21.37 | +17.4% | Common Stock | 12326C105 |
| ALRS | Alerus Financial Corporation | 214,967 | $4.841M | 1.0% | $19.10 | +13.2% | Common Stock | 01446U103 |
| RCBC | River City Bank | 100,770 | $4.421M | 0.9% | $37.25 | +7.8% | Common Stock | 76803X106 |
| BWFG | Bankwell Financial Group, Inc. | 96,423 | $4.418M | 0.9% | $21.43 | +109.4% | Common Stock | 06654A103 |
| WRIV | White River Bancshares Company | 89,000 | $4.405M | 0.9% | $32.69 | +44.8% | Common Stock | 96445A108 |
| CZWI | Citizens Community Bancorp, Inc. | 246,286 | $4.389M | 0.9% | $8.62 | +93.5% | Common Stock | 174903104 |
| PMHG | Prime Meridian Holding Company | 76,418 | $4.325M | 0.9% | $19.09 | +184.1% | Common Stock | 74164R107 |
| FSRL | First Reliance Bancshares, Inc. | 350,913 | $4.302M | 0.9% | $7.30 | +59.6% | Common Stock | 33615Q100 |
| FCPB | First Capital Bancshares, Inc. | 360,816 | $4.207M | 0.8% | $7.31 | +60.9% | Common Stock | 31941G101 |
| ORPB | Oregon Pacific Bancorp | 361,932 | $4.09M | 0.8% | $5.63 | +91.5% | Common Stock | 686040205 |
| FNRN | First Northern Community Bancorp | 301,697 | $4.031M | 0.8% | $7.92 | +66.4% | Common Stock | 335925103 |
| BSRR | Sierra Bancorp | 121,424 | $3.968M | 0.8% | $16.44 | +82.2% | Common Stock | 82620P102 |
| SHBI | Shore Bancshares, Inc. | 204,563 | $3.617M | 0.7% | $12.95 | +29.5% | Common Stock | 825107105 |
| SABK | South Atlantic Bancshares, Inc. | 179,496 | $3.545M | 0.7% | $486.89 | -96.2% | Common Stock | 83636T104 |
| AMTB | Amerant Bancorp Inc. | 180,000 | $3.512M | 0.7% | $21.09 | -12.3% | Common Stock | 023576101 |
| FSBC | Five Star Bancorp | 95,919 | $3.432M | 0.7% | $22.58 | +52.3% | Common Stock | 33830T103 |
| SBKO | Summit Bank Group, Inc. | 190,501 | $3.427M | 0.7% | $12.00 | +40.1% | Common Stock | 86603R100 |
| INBK | First Internet Bancorp | 162,176 | $3.385M | 0.7% | $24.87 | -19.1% | Common Stock | 320557101 |
| LNKB | LinkBancorp | 401,593 | $3.317M | 0.7% | $6.75 | +10.7% | Common Stock | 53578P105 |
| BLHK | Blueharbor Bank | 96,602 | $3.014M | 0.6% | $12.52 | +153.5% | Common Stock | 095613105 |
| FVCB | FVCBankcorp Inc. | 214,088 | $2.978M | 0.6% | $12.01 | +6.0% | Common Stock | 36120Q101 |
| FFWM | First Foundation Inc. | 432,396 | $2.664M | 0.5% | $14.88 | -62.4% | Common Stock | 32026V104 |
| EFSI | Eagle Financial Services Inc. | 65,000 | $2.587M | 0.5% | $32.75 | +13.0% | Common Stock | 26951R104 |
| CMHF | Community Heritage Financial Inc. | 95,982 | $2.582M | 0.5% | $21.49 | +31.0% | Common Stock | 20370L103 |
| ARBV | American Riviera Bancorp | 94,311 | $2.254M | 0.4% | $18.43 | +21.7% | Common Stock | 02933K103 |
| SSBI | Summit State Bank | 193,227 | $2.247M | 0.4% | $11.95 | -5.3% | Common Stock | 866264203 |
| BCTF | Bancorp 34, Inc. | 162,857 | $2.22M | 0.4% | $12.37 | +9.0% | Common Stock | 05970V106 |
| HNVR | Hanover Bancorp Inc. | 95,460 | $2.206M | 0.4% | $21.91 | +1.6% | Common Stock | 410709109 |
| CBWA | Commencement Bancorp, Inc. | 130,720 | $2.178M | 0.4% | $9.89 | +51.0% | Common Stock | 20051D107 |
| FSBH | FSBH Corp (was First Southern Bank) | 135,250 | $2.164M | 0.4% | $7.68 | +65.1% | Common Stock | 30325F101 |
| PSBQ | PSB Holdings, Inc. | 77,794 | $2.03M | 0.4% | $22.97 | +10.0% | Common Stock | 69360N108 |
| COSO | CoastalSouth Bancshares, Inc. | 85,715 | $1.993M | 0.4% | $12.14 | +82.8% | Common Stock | 19058X207 |
| UBAB | United Bancorporation of Alabama, Inc. | 37,117 | $1.975M | 0.4% | $24.39 | +118.8% | Common Stock | 90944R100 |
| — | Dogwood State Bank | 79,721 | $1.86M | 0.4% | $13.26 | — | Common Stock | 25660B103 |
| BUSE | First Busey Corporation | 75,577 | $1.798M | 0.4% | $22.17 | +4.7% | Common Stock | 319383204 |
| BWB | Bridgewater Bancshares, Inc. | 101,479 | $1.779M | 0.4% | $10.91 | +59.1% | Common Stock | 108621103 |
| USCB | USCB Financial Holdings Inc. | 95,580 | $1.761M | 0.3% | $13.82 | +29.3% | Common Stock | 90355N101 |
| EDVR | Endeavor Bancorp | 101,072 | $1.718M | 0.3% | $10.24 | +56.2% | Common Stock | 29260B109 |
| PPBN | Pinnacle Bankshares Corporation | 37,464 | $1.705M | 0.3% | $16.53 | +143.7% | Common Stock | 72345E102 |
| TBBK | The Bancorp, Inc. | 23,592 | $1.593M | 0.3% | $26.85 | +157.0% | Common Stock | 05969A105 |
| FXNC | First National Corporation | 60,492 | $1.527M | 0.3% | $16.37 | +44.5% | Common Stock | 32106V107 |
| RNST | Renasant Corporation | 41,875 | $1.475M | 0.3% | $33.20 | +6.7% | Common Stock | 75970E107 |
| HTBK | Heritage Commerce Corp | 121,539 | $1.46M | 0.3% | $8.31 | +30.6% | Common Stock | 426927109 |
| MVLY | Mission Valley Bancorp | 78,507 | $1.374M | 0.3% | $8.26 | +105.8% | Common Stock | 60520E104 |
| GNRV | Grand River Commerce, Inc. | 357,400 | $1.362M | 0.3% | $5.36 | -29.7% | Common Stock | 386441109 |
| — | F&M Bank Corp | 47,100 | $1.354M | 0.3% | $25.90 | — | Common Stock | 30137P106 |
| FCCO | First Community Corporation | 41,317 | $1.225M | 0.2% | $14.98 | +87.8% | Common Stock | 319835104 |
| BY | Byline Bancorp, Inc. | 39,157 | $1.141M | 0.2% | $18.61 | +50.2% | Common Stock | 124411109 |
| SOUB | SouthPoint Bancshares, Inc. | 78,438 | $1.133M | 0.2% | $20.02 | -11.4% | Common Stock | 844647107 |
| PWBK | Pacific West Bancorp | 92,857 | $1.11M | 0.2% | $11.10 | +6.9% | Common Stock | 69506J102 |
| MVBF | MVB Financial Corp. | 35,044 | $905K | 0.2% | $16.43 | +60.8% | Common Stock | 553810102 |
| PBNK | Pinnacle Bank | 44,514 | $861K | 0.2% | $8.23 | +138.8% | Common Stock | 72346K107 |
| SOME | Somerset Trust Holding Company | 11,787 | $790K | 0.2% | $42.78 | +46.7% | Common Stock | 835126103 |
| BORT | Bank of Botetourt | 16,504 | $726K | 0.1% | $22.94 | +80.0% | Common Stock | 063907208 |
| BAFN | BayFirst Financial Corp. | 91,679 | $720K | 0.1% | $19.82 | -56.4% | Common Stock | 07279B104 |
| CBNK | Capital Bancorp, Inc. | 21,400 | $603K | 0.1% | $17.42 | +63.8% | Common Stock | 139737100 |
| HBT | HBT Financial, Inc. | 18,403 | $476K | 0.1% | $15.65 | +57.7% | Common Stock | 404111106 |
| PTBS | Potomac Bancshares, Inc. | 2,896 | $54,676 | 0.0% | $11.64 | +56.7% | Common Stock | 737643106 |