Location: Walnut Creek, CA
CIK: 0001444055 · Show all filings
Period: Q4 2019 (← Previous) (Next →)
Filing Date: Feb 13, 2020
Total Value: $134M (99.9% shares, 0.1% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | First Bancshares Inc MS | 268,000 | $9.519M | 7.1% | $35.52 | $16.56 | — | common | 318916103 |
| ABCB | Ameris Bancorp | 187,100 | $7.959M | 5.9% | $42.54 * | $36.01 | +8.1% | common | 03076K108 |
| UBAB | United Bancorporation Ala CL A | 243,939 | $6.891M | 5.1% | $28.25 * | $18.49 | +9.3% | common | 90944R100 |
| MNSB | MainStreet Bancshares Inc | 279,297 | $6.424M | 4.8% | $23.00 * | $19.42 | +9.7% | common | 56064Y100 |
| — | Grandsouth Bancorporation | 340,046 | $6.104M | 4.6% | $17.95 | $14.00 | — | common | 386627301 |
| — | Pacific Premier Bancorp | 182,000 | $5.934M | 4.4% | $32.60 | $18.67 | — | common | 69478X105 |
| — | Pacwest Bancorp DEL | 136,501 | $5.224M | 3.9% | $38.27 | $41.03 | — | common | 695263103 |
| FBNC | First Bancorp NC | 130,000 | $5.188M | 3.9% | $39.91 * | $24.85 | +39.4% | common | 318910106 |
| WAL | Western Alliance Bancorp | 82,400 | $4.697M | 3.5% | $57.00 * | $40.90 | +22.3% | common | 957638109 |
| — | Select Bancorp Inc | 362,871 | $4.463M | 3.3% | $12.30 | $12.40 | — | common | 81617L108 |
| — | Franklin Financial Network | 125,000 | $4.291M | 3.2% | $34.33 | $25.12 | — | common | 35352P104 |
| FIBK | First Intst Bancsystem CL A | 97,000 | $4.066M | 3.0% | $41.92 * | $30.14 | -2.1% | common | 32055Y201 |
| — | First Midwest Bancorp DEL | 162,349 | $3.744M | 2.8% | $23.06 | $20.13 | — | common | 320867104 |
| BUSE | First Busey Corp | 135,062 | $3.714M | 2.8% | $27.50 * | $14.66 | +44.6% | common | 319383204 |
| OPBK | OP Bancorp | 336,080 | $3.485M | 2.6% | $10.37 | $9.29 | +11.6% | common | 67109R109 |
| FFBB | Communities First Financial Corp | 115,453 | $3.319M | 2.5% | $28.75 | $25.56 | +12.5% | common | 20344D104 |
| — | US Metro Bank | 762,847 | $3.051M | 2.3% | $4.00 | $4.20 | — | common | 90343B102 |
| — | Pacific West Bank | 207,190 | $2.963M | 2.2% | $14.30 | $14.82 | — | common | 69506W202 |
| — | Evans Bancorp Inc | 71,499 | $2.867M | 2.1% | $40.10 | $29.28 | — | common | 29911Q208 |
| — | Bank of Commerce Holdings | 238,708 | $2.762M | 2.1% | $11.57 | $9.43 | — | common | 06424J103 |
| ONB | Old Natl Bancorp IND | 150,000 | $2.744M | 2.0% | $18.29 | $12.65 | +44.5% | common | 680033107 |
| HTBK | Heritage Commerce Corp | 205,000 | $2.63M | 2.0% | $12.83 * | $8.77 | +38.7% | common | 426927109 |
| — | Metro Phoenix Bank | 176,667 | $2.588M | 1.9% | $14.65 | $9.16 | — | common | 59165E106 |
| — | MFA Financial Inc | 305,000 | $2.333M | 1.7% | $7.65 | $7.46 | — | common | 55272X102 |
| — | Synovus Financial Corp | 59,250 | $2.323M | 1.7% | $39.21 | $34.79 | — | common | 87161C501 |
| — | Pioneer Bancshares, Inc. | 80,000 | $2.32M | 1.7% | $29.00 | $36.56 | — | common | 72357G102 |
| ORPB | Oregon Pacific Bancorp | 353,834 | $2.211M | 1.7% | $6.25 * | $4.72 | +26.4% | common | 686040205 |
| ISTR | Investar Holding Corp | 86,022 | $2.065M | 1.5% | $24.01 | $24.60 | -2.5% | common | 46134L105 |
| — | Severn Bancorp Annapolis MD | 188,661 | $1.756M | 1.3% | $9.31 | $8.63 | — | common | 81811M100 |
| — | Veritex Holdings Inc | 55,300 | $1.611M | 1.2% | $29.13 | $24.21 | — | common | 923451108 |
| — | Bank of Fincastle | 491,336 | $1.572M | 1.2% | $3.20 | $2.17 | — | common | 062113105 |
| — | McHenry Bancorp, Inc. | 15,000,000 | $1.557M | 1.2% | $0.10 | $0.11 | — | common | 580683100 |
| — | Lakeland Bancorp Inc | 87,162 | $1.515M | 1.1% | $17.38 | $14.93 | — | common | 511637100 |
| — | Cecil Bancorp, Inc. | 367,500 | $1.47M | 1.1% | $4.00 | $4.00 | — | common | 149841306 |
| HOMB | Home Bancshares, Inc. | 70,916 | $1.394M | 1.0% | $19.66 | $23.97 | -18.0% | common | 436893200 |
| — | Citizens Commerce Bancshares, Inc. | 195,913 | $1.371M | 1.0% | $7.00 | $0.71 | — | common | 17452P101 |
| PMHG | Prime Meridian Holding Company | 63,935 | $1.311M | 1.0% | $20.51 * | $19.02 | -0.4% | common | 74164R107 |
| — | CalWest Bancorp | 2,888,000 | $1.213M | 0.9% | $0.42 | $0.39 | — | common | 13169Q102 |
| GWBK | Gateway Bank FSB | 3,000,000 | $1.02M | 0.8% | $0.34 * | $0.49 | 0.0% | common | 36758P102 |
| HOPE | Hope Bancorp Inc | 54,238 | $806K | 0.6% | $14.86 | $16.20 | -8.3% | common | 43940T109 |
| WBS | Webster Financial Corp Conn | 15,000 | $800K | 0.6% | $53.33 | $30.92 | +72.6% | common | 947890109 |
| RWT | Redwood Trust Inc | 38,000 | $629K | 0.5% | $16.55 | $16.42 | — | common | 758075402 |
| — | iShares Trust Barclays 7-10 YR Jan 17 2020 116 | 680 | $31,000 | 0.0% | $45.59 | — | — | Call | 464287900 |
| — | iShares Trust IBOXX HI YD ETF Jan 17 2020 83 | 1,057 | $25,000 | 0.0% | $23.65 | — | — | Put | 464288953 |
| — | SPDR Bloomberg BRCLYS HI YD Bond ETF Jun 19 2020 105 | 150 | $17,000 | 0.0% | $113.33 | — | — | Put | 78468R952 |
| — | Invesco Exchange Traded Sr Ln ETF Apr 17 2020 21 | 3,225 | $16,000 | 0.0% | $4.96 | — | — | Put | 46138G958 |