Petiole USA ltd Long-Term Concentrated

CIK: 0001600202 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 13, 2025

Total Value ($000): $144,773 (100.0% shares, 0.0% debt)

Holdings (36)

FCNCA FIRST CTZNS BANCSHARES INC D 5.5%

Value ($000) $7,899 Shares 4,415 Est. Cost $714.66 Unrealized +175.4%

CBAN COLONY BANKCORP INC 5.4%

Value ($000) $7,872 Shares 462,763 Est. Cost $14.49 Unrealized +16.0%

CARE CARTER BANKSHARES INC 5.2%

Value ($000) $7,509 Shares 386,873 Est. Cost $15.22 Unrealized +22.5%

RNST RENASANT CORP 5.0%

Value ($000) $7,262 Shares 196,845 Est. Cost $33.34 Unrealized +13.5%

FXNC FIRST NATL CORP 4.9%

Value ($000) $7,063 Shares 311,440 Est. Cost $19.64 Unrealized +11.9%

WAL WESTERN ALLIANCE BANCORP 4.9%

Value ($000) $7,033 Shares 81,103 Est. Cost $74.08 Unrealized +13.1%

BANC BANC OF CALIFORNIA INC 4.5%

Value ($000) $6,573 Shares 397,168 Est. Cost $18.30 Unrealized -15.3%

WBS WEBSTER FINL CORP 4.2%

Value ($000) $6,055 Shares 101,875 Est. Cost $57.93 Unrealized +2.9%

ORRF ORRSTOWN FINL SVCS INC 4.2%

Value ($000) $6,013 Shares 176,966 Est. Cost $31.53 Unrealized +5.8%

MPB MID PENN BANCORP INC 3.9%

Value ($000) $5,645 Shares 197,111 Est. Cost $26.19 Unrealized +9.1%

HWC HANCOCK WHITNEY CORPORATION 3.7%

Value ($000) $5,398 Shares 86,218 Est. Cost $49.88 Unrealized +22.9%

CCNE CNB FINL CORP PA 3.2%

Value ($000) $4,580 Shares 189,241 Est. Cost $18.28 Unrealized +33.5%

WTFC WINTRUST FINL CORP 2.7%

Value ($000) $3,940 Shares 29,750 Est. Cost $89.23 Unrealized +48.0%

FRME FIRST MERCHANTS CORP 2.4%

Value ($000) $3,546 Shares 94,047 Est. Cost $34.80 Unrealized +12.8%

VLY VALLEY NATL BANCORP 2.4%

Value ($000) $3,519 Shares 332,000 Est. Cost $9.70 Unrealized +3.0%

— SYNOVUS FINL CORP 2.4%

Value ($000) $3,439 Shares 70,063 Est. Cost $45.39 Unrealized —

SBFG SB FINL GROUP INC 2.3%

Value ($000) $3,397 Shares 176,087 Est. Cost $17.97 Unrealized +13.1%

CFG CITIZENS FINL GROUP INC 2.3%

Value ($000) $3,283 Shares 61,754 Est. Cost $35.16 Unrealized +39.9%

BCAL CALIFORNIA BANCORP 2.3%

Value ($000) $3,263 Shares 195,604 Est. Cost $14.33 Unrealized +14.0%

— PINNACLE FINL PARTNERS INC 2.2%

Value ($000) $3,171 Shares 33,814 Est. Cost $91.48 Unrealized —

HBAN HUNTINGTON BANCSHARES INC 2.2%

Value ($000) $3,123 Shares 180,840 Est. Cost $13.43 Unrealized +25.3%

CMA COMERICA INC 2.1%

Value ($000) $3,089 Shares 45,075 Est. Cost $51.79 Unrealized +27.9%

UMBF UMB FINL CORP 2.0%

Value ($000) $2,855 Shares 24,122 Est. Cost $110.25 Unrealized +4.5%

ZION ZIONS BANCORPORATION N A 2.0%

Value ($000) $2,829 Shares 50,000 Est. Cost $54.79 Unrealized +1.6%

ISTR INVESTAR HLDG CORP 1.9%

Value ($000) $2,750 Shares 118,469 Est. Cost $18.74 Unrealized +19.8%

FNB F N B CORP 1.8%

Value ($000) $2,596 Shares 161,151 Est. Cost $12.07 Unrealized +30.2%

FRBA FIRST BK WILLIAMSTOWN NEW JE 1.7%

Value ($000) $2,519 Shares 154,660 Est. Cost $11.05 Unrealized +43.4%

SHBI SHORE BANCSHARES INC 1.7%

Value ($000) $2,420 Shares 147,487 Est. Cost $14.76 Unrealized +11.6%

FRST PRIMIS FINANCIAL CORP 1.7%

Value ($000) $2,420 Shares 230,222 Est. Cost $12.18 Unrealized -10.3%

SSB SOUTHSTATE BK CORP 1.6%

Value ($000) $2,336 Shares 23,625 Est. Cost $96.71 Unrealized 0.0%

EQBK EQUITY BANCSHARES INC 1.6%

Value ($000) $2,335 Shares 57,364 Est. Cost $26.48 Unrealized +51.6%

BANR BANNER CORP 1.5%

Value ($000) $2,180 Shares 33,285 Est. Cost $40.95 Unrealized +57.7%

COLB COLUMBIA BKG SYS INC 1.5%

Value ($000) $2,134 Shares 82,890 Est. Cost $21.84 Unrealized +13.8%

FNWB FIRST NORTHWEST BANCORP 1.4%

Value ($000) $2,067 Shares 262,697 Est. Cost $15.87 Unrealized -51.4%

HAFC HANMI FINL CORP 1.2%

Value ($000) $1,769 Shares 71,651 Est. Cost $22.89 Unrealized +7.6%

EBMT EAGLE BANCORP MONT INC 0.6%

Value ($000) $891 Shares 51,585 Est. Cost $18.15 Unrealized -8.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FCNCA	FIRST CTZNS BANCSHARES INC D	4,415	$7,899	5.5%	$714.66	+175.4%	CL A	31946M103
CBAN	COLONY BANKCORP INC	462,763	$7,872	5.4%	$14.49	+16.0%	COM	19623P101
CARE	CARTER BANKSHARES INC	386,873	$7,509	5.2%	$15.22	+22.5%	COM NEW	146103106
RNST	RENASANT CORP	196,845	$7,262	5.0%	$33.34	+13.5%	COM	75970E107
FXNC	FIRST NATL CORP	311,440	$7,063	4.9%	$19.64	+11.9%	COM	32106V107
WAL	WESTERN ALLIANCE BANCORP	81,103	$7,033	4.9%	$74.08	+13.1%	COM	957638109
BANC	BANC OF CALIFORNIA INC	397,168	$6,573	4.5%	$18.30	-15.3%	COM	05990K106
WBS	WEBSTER FINL CORP	101,875	$6,055	4.2%	$57.93	+2.9%	COM	947890109
ORRF	ORRSTOWN FINL SVCS INC	176,966	$6,013	4.2%	$31.53	+5.8%	COM	687380105
MPB	MID PENN BANCORP INC	197,111	$5,645	3.9%	$26.19	+9.1%	COM	59540G107
HWC	HANCOCK WHITNEY CORPORATION	86,218	$5,398	3.7%	$49.88	+22.9%	COM	410120109
CCNE	CNB FINL CORP PA	189,241	$4,580	3.2%	$18.28	+33.5%	COM	126128107
WTFC	WINTRUST FINL CORP	29,750	$3,940	2.7%	$89.23	+48.0%	COM	97650W108
FRME	FIRST MERCHANTS CORP	94,047	$3,546	2.4%	$34.80	+12.8%	COM	320817109
VLY	VALLEY NATL BANCORP	332,000	$3,519	2.4%	$9.70	+3.0%	COM	919794107
—	SYNOVUS FINL CORP	70,063	$3,439	2.4%	$45.39	—	COM NEW	87161C501
SBFG	SB FINL GROUP INC	176,087	$3,397	2.3%	$17.97	+13.1%	COM	78408D105
CFG	CITIZENS FINL GROUP INC	61,754	$3,283	2.3%	$35.16	+39.9%	COM	174610105
BCAL	CALIFORNIA BANCORP	195,604	$3,263	2.3%	$14.33	+14.0%	COM	84252A106
—	PINNACLE FINL PARTNERS INC	33,814	$3,171	2.2%	$91.48	—	COM	72346Q104
HBAN	HUNTINGTON BANCSHARES INC	180,840	$3,123	2.2%	$13.43	+25.3%	COM	446150104
CMA	COMERICA INC	45,075	$3,089	2.1%	$51.79	+27.9%	COM	200340107
UMBF	UMB FINL CORP	24,122	$2,855	2.0%	$110.25	+4.5%	COM	902788108
ZION	ZIONS BANCORPORATION N A	50,000	$2,829	2.0%	$54.79	+1.6%	COM	989701107
ISTR	INVESTAR HLDG CORP	118,469	$2,750	1.9%	$18.74	+19.8%	COM	46134L105
FNB	F N B CORP	161,151	$2,596	1.8%	$12.07	+30.2%	COM	302520101
FRBA	FIRST BK WILLIAMSTOWN NEW JE	154,660	$2,519	1.7%	$11.05	+43.4%	COM	31931U102
SHBI	SHORE BANCSHARES INC	147,487	$2,420	1.7%	$14.76	+11.6%	COM	825107105
FRST	PRIMIS FINANCIAL CORP	230,222	$2,420	1.7%	$12.18	-10.3%	COM	74167B109
SSB	SOUTHSTATE BK CORP	23,625	$2,336	1.6%	$96.71	0.0%	COM	84472E102
EQBK	EQUITY BANCSHARES INC	57,364	$2,335	1.6%	$26.48	+51.6%	COM CL A	29460X109
BANR	BANNER CORP	33,285	$2,180	1.5%	$40.95	+57.7%	COM NEW	06652V208
COLB	COLUMBIA BKG SYS INC	82,890	$2,134	1.5%	$21.84	+13.8%	COM	197236102
FNWB	FIRST NORTHWEST BANCORP	262,697	$2,067	1.4%	$15.87	-51.4%	COM	335834107
HAFC	HANMI FINL CORP	71,651	$1,769	1.2%	$22.89	+7.6%	COM NEW	410495204
EBMT	EAGLE BANCORP MONT INC	51,585	$891	0.6%	$18.15	-8.0%	COM	26942G100