Petiole USA ltd Long-Term Concentrated

CIK: 0001600202 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value ($000): $141,360 (100.0% shares, 0.0% debt)

Holdings (37)

FCNCA FIRST CTZNS BANCSHARES INC N 6.1%

Value ($000) $8,638 Shares 4,415 Est. Cost $714.66 Unrealized +153.2%

CBAN COLONY BANKCORP INC 5.4%

Value ($000) $7,622 Shares 462,763 Est. Cost $14.49 Unrealized +4.3%

RNST RENASANT CORP 5.0%

Value ($000) $7,073 Shares 196,845 Est. Cost $33.34 Unrealized 0.0%

CARE CARTER BANKSHARES INC 4.7%

Value ($000) $6,708 Shares 386,873 Est. Cost $15.22 Unrealized +4.0%

WAL WESTERN ALLIANCE BANCORP 4.7%

Value ($000) $6,611 Shares 84,773 Est. Cost $74.08 Unrealized -4.6%

FXNC FIRST NATL CORP 4.3%

Value ($000) $6,064 Shares 311,440 Est. Cost $19.64 Unrealized -1.2%

ORRF ORRSTOWN FINL SVCS INC 4.0%

Value ($000) $5,633 Shares 176,966 Est. Cost $31.53 Unrealized -8.7%

BANC BANC OF CALIFORNIA INC 3.9%

Value ($000) $5,580 Shares 397,167 Est. Cost $18.30 Unrealized -26.8%

WBS WEBSTER FINL CORP 3.9%

Value ($000) $5,562 Shares 101,875 Est. Cost $57.93 Unrealized -13.9%

MPB MID PENN BANCORP INC 3.9%

Value ($000) $5,559 Shares 197,111 Est. Cost $26.19 Unrealized +0.5%

HWC HANCOCK WHITNEY CORPORATION 3.5%

Value ($000) $4,949 Shares 86,218 Est. Cost $49.88 Unrealized +6.7%

CCNE CNB FINL CORP PA 3.1%

Value ($000) $4,326 Shares 189,241 Est. Cost $18.28 Unrealized +17.9%

— PINNACLE FINL PARTNERS INC 2.9%

Value ($000) $4,064 Shares 36,804 Est. Cost $91.48 Unrealized —

— SYNOVUS FINL CORP 2.8%

Value ($000) $3,946 Shares 76,253 Est. Cost $45.39 Unrealized —

WTFC WINTRUST FINL CORP 2.6%

Value ($000) $3,688 Shares 29,750 Est. Cost $89.23 Unrealized +28.5%

FRME FIRST MERCHANTS CORP 2.5%

Value ($000) $3,602 Shares 94,047 Est. Cost $34.80 Unrealized +3.7%

SBFG SB FINL GROUP INC 2.4%

Value ($000) $3,363 Shares 176,087 Est. Cost $17.97 Unrealized +5.3%

HBAN HUNTINGTON BANCSHARES INC 2.4%

Value ($000) $3,352 Shares 200,000 Est. Cost $13.43 Unrealized +9.5%

BCAL CALIFORNIA BANCORP 2.2%

Value ($000) $3,083 Shares 195,604 Est. Cost $14.33 Unrealized -1.1%

CFG CITIZENS FINL GROUP INC 2.1%

Value ($000) $3,019 Shares 67,454 Est. Cost $35.16 Unrealized +9.6%

CMA COMERICA INC 2.1%

Value ($000) $2,974 Shares 49,855 Est. Cost $51.79 Unrealized +4.7%

VLY VALLEY NATL BANCORP 2.1%

Value ($000) $2,965 Shares 332,000 Est. Cost $9.70 Unrealized -10.5%

ISTR INVESTAR HLDG CORP 2.0%

Value ($000) $2,822 Shares 146,069 Est. Cost $18.74 Unrealized -1.6%

ZION ZIONS BANCORPORATION N A 1.8%

Value ($000) $2,597 Shares 50,000 Est. Cost $54.79 Unrealized -14.4%

FNB F N B CORP 1.8%

Value ($000) $2,558 Shares 175,421 Est. Cost $12.07 Unrealized +9.8%

UMBF UMB FINL CORP 1.8%

Value ($000) $2,537 Shares 24,122 Est. Cost $110.25 Unrealized -9.6%

FRST PRIMIS FINANCIAL CORP 1.8%

Value ($000) $2,498 Shares 230,222 Est. Cost $12.18 Unrealized -26.7%

FRBA FIRST BK WILLIAMSTOWN NEW JE 1.7%

Value ($000) $2,393 Shares 154,660 Est. Cost $11.05 Unrealized +29.1%

— SOUTHSTATE CORPORATION 1.7%

Value ($000) $2,367 Shares 25,715 Est. Cost $76.36 Unrealized —

BANR BANNER CORP 1.7%

Value ($000) $2,358 Shares 36,765 Est. Cost $40.95 Unrealized +47.1%

EQBK EQUITY BANCSHARES INC 1.7%

Value ($000) $2,340 Shares 57,364 Est. Cost $26.48 Unrealized +44.8%

SHBI SHORE BANCSHARES INC 1.6%

Value ($000) $2,318 Shares 147,487 Est. Cost $14.76 Unrealized -4.7%

COLB COLUMBIA BKG SYS INC 1.5%

Value ($000) $2,099 Shares 89,780 Est. Cost $21.84 Unrealized +2.3%

FNWB FIRST NORTHWEST BANCORP 1.4%

Value ($000) $2,023 Shares 262,697 Est. Cost $15.87 Unrealized -41.9%

HAFC HANMI FINL CORP 1.3%

Value ($000) $1,768 Shares 71,651 Est. Cost $22.89 Unrealized -0.1%

EBMT EAGLE BANCORP MONT INC 1.2%

Value ($000) $1,714 Shares 102,811 Est. Cost $18.15 Unrealized -10.1%

HTB HOMETRUST BANCSHARES INC 0.4%

Value ($000) $589 Shares 15,741 Est. Cost $24.12 Unrealized +45.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FCNCA	FIRST CTZNS BANCSHARES INC N	4,415	$8,638	6.1%	$714.66	+153.2%	CL A	31946M103
CBAN	COLONY BANKCORP INC	462,763	$7,622	5.4%	$14.49	+4.3%	COM	19623P101
RNST	RENASANT CORP	196,845	$7,073	5.0%	$33.34	0.0%	COM	75970E107
CARE	CARTER BANKSHARES INC	386,873	$6,708	4.7%	$15.22	+4.0%	COM NEW	146103106
WAL	WESTERN ALLIANCE BANCORP	84,773	$6,611	4.7%	$74.08	-4.6%	COM	957638109
FXNC	FIRST NATL CORP	311,440	$6,064	4.3%	$19.64	-1.2%	COM	32106V107
ORRF	ORRSTOWN FINL SVCS INC	176,966	$5,633	4.0%	$31.53	-8.7%	COM	687380105
BANC	BANC OF CALIFORNIA INC	397,167	$5,580	3.9%	$18.30	-26.8%	COM	05990K106
WBS	WEBSTER FINL CORP	101,875	$5,562	3.9%	$57.93	-13.9%	COM	947890109
MPB	MID PENN BANCORP INC	197,111	$5,559	3.9%	$26.19	+0.5%	COM	59540G107
HWC	HANCOCK WHITNEY CORPORATION	86,218	$4,949	3.5%	$49.88	+6.7%	COM	410120109
CCNE	CNB FINL CORP PA	189,241	$4,326	3.1%	$18.28	+17.9%	COM	126128107
—	PINNACLE FINL PARTNERS INC	36,804	$4,064	2.9%	$91.48	—	COM	72346Q104
—	SYNOVUS FINL CORP	76,253	$3,946	2.8%	$45.39	—	COM NEW	87161C501
WTFC	WINTRUST FINL CORP	29,750	$3,688	2.6%	$89.23	+28.5%	COM	97650W108
FRME	FIRST MERCHANTS CORP	94,047	$3,602	2.5%	$34.80	+3.7%	COM	320817109
SBFG	SB FINL GROUP INC	176,087	$3,363	2.4%	$17.97	+5.3%	COM	78408D105
HBAN	HUNTINGTON BANCSHARES INC	200,000	$3,352	2.4%	$13.43	+9.5%	COM	446150104
BCAL	CALIFORNIA BANCORP	195,604	$3,083	2.2%	$14.33	-1.1%	COM	84252A106
CFG	CITIZENS FINL GROUP INC	67,454	$3,019	2.1%	$35.16	+9.6%	COM	174610105
CMA	COMERICA INC	49,855	$2,974	2.1%	$51.79	+4.7%	COM	200340107
VLY	VALLEY NATL BANCORP	332,000	$2,965	2.1%	$9.70	-10.5%	COM	919794107
ISTR	INVESTAR HLDG CORP	146,069	$2,822	2.0%	$18.74	-1.6%	COM	46134L105
ZION	ZIONS BANCORPORATION N A	50,000	$2,597	1.8%	$54.79	-14.4%	COM	989701107
FNB	F N B CORP	175,421	$2,558	1.8%	$12.07	+9.8%	COM	302520101
UMBF	UMB FINL CORP	24,122	$2,537	1.8%	$110.25	-9.6%	COM	902788108
FRST	PRIMIS FINANCIAL CORP	230,222	$2,498	1.8%	$12.18	-26.7%	COM	74167B109
FRBA	FIRST BK WILLIAMSTOWN NEW JE	154,660	$2,393	1.7%	$11.05	+29.1%	COM	31931U102
—	SOUTHSTATE CORPORATION	25,715	$2,367	1.7%	$76.36	—	COM	840441109
BANR	BANNER CORP	36,765	$2,358	1.7%	$40.95	+47.1%	COM NEW	06652V208
EQBK	EQUITY BANCSHARES INC	57,364	$2,340	1.7%	$26.48	+44.8%	COM CL A	29460X109
SHBI	SHORE BANCSHARES INC	147,487	$2,318	1.6%	$14.76	-4.7%	COM	825107105
COLB	COLUMBIA BKG SYS INC	89,780	$2,099	1.5%	$21.84	+2.3%	COM	197236102
FNWB	FIRST NORTHWEST BANCORP	262,697	$2,023	1.4%	$15.87	-41.9%	COM	335834107
HAFC	HANMI FINL CORP	71,651	$1,768	1.3%	$22.89	-0.1%	COM NEW	410495204
EBMT	EAGLE BANCORP MONT INC	102,811	$1,714	1.2%	$18.15	-10.1%	COM	26942G100
HTB	HOMETRUST BANCSHARES INC	15,741	$589	0.4%	$24.12	+45.6%	COM	437872104