Location: Key Largo, FL
CIK: 0001177043 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 14, 2025
Total Value: $261M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| EQBK | EQUITY BANCSHARES INC | 392,490 | $15.97M | 6.1% | $34.74 | +15.6% | COM CL A | 29460X109 |
| MCHB | MECHANICS BANCORP | 1,054,839 | $14.04M | 5.4% | $13.29 | +0.1% | CL A | 43785V102 |
| FRST | PRIMIS FINANCIAL CORP | 1,217,327 | $12.82M | 4.9% | $10.77 | +1.5% | COM | 74167B109 |
| VBNK | VERSABANK NEW | 1,031,134 | $12.55M | 4.8% | $13.23 | — | COM | 92512J106 |
| ABX | ABACUS GLOBAL MGMT INC | 1,918,601 | $10.99M | 4.2% | $8.47 | -32.0% | CL A | 00258Y104 |
| FHN | FIRST HORIZON CORPORATION | 457,770 | $10.35M | 4.0% | $20.01 | +9.8% | COM | 320517105 |
| RNST | RENASANT CORP | 250,000 | $9.223M | 3.5% | $33.34 | +13.5% | COM | 75970E107 |
| USCB | USCB FINANCIAL HOLDINGS INC | 487,142 | $8.497M | 3.3% | $12.43 | +38.1% | CLASS A COM | 90355N101 |
| SFNC | SIMMONS 1ST NATL CORP | 406,570 | $7.794M | 3.0% | $19.96 | 0.0% | CL A $1 PAR | 828730200 |
| FBK | FB FINL CORP | 144,000 | $7.623M | 2.9% | — | — | Call | 30257X104 |
| AVBH | AVIDBANK HLDGS INC | 297,646 | $7.596M | 2.9% | $23.63 | 0.0% | COM | 05368J103 |
| COSO | COASTALSOUTH BANCSHARES INC | 332,349 | $7.243M | 2.8% | $21.58 | 0.0% | COM NEW | 19058X207 |
| OBK | ORIGIN BANCORP INC | 200,000 | $6.904M | 2.6% | $35.38 | +4.7% | COM | 68621T102 |
| SPY | SPDR S&P 500 ETF TR | 10,000 | $6.662M | 2.6% | — | — | Put | 78462F103 |
| AMTB | AMERANT BANCORP INC | 311,897 | $5.981M | 2.3% | $21.39 | -6.8% | CL A | 023576101 |
| BFST | BUSINESS FIRST BANCSHARES IN | 250,000 | $5.902M | 2.3% | $20.13 | +21.2% | COM | 12326C105 |
| MYFW | FIRST WESTN FINL INC | 253,336 | $5.834M | 2.2% | $19.88 | +14.8% | COM | 33751L105 |
| BCAL | CALIFORNIA BANCORP | 341,340 | $5.694M | 2.2% | $14.57 | +12.1% | COM | 84252A106 |
| BANC | BANC OF CALIFORNIA INC | 297,025 | $4.846M | 1.9% | — | — | Call | 05990K106 |
| CIVB | CIVISTA BANCSHARES INC | 225,335 | $4.589M | 1.8% | $15.65 | +31.9% | COM NO PAR | 178867107 |
| MOFG | MIDWESTONE FINL GROUP INC NE | 150,000 | $4.244M | 1.6% | $27.21 | +7.2% | COM | 598511103 |
| KRE | SPDR SERIES TRUST | 75,000 | $3.738M | 1.4% | — | — | Put | 78464A698 |
| IWM | ISHARES TR | 15,000 | $3.629M | 1.4% | — | — | Put | 464287655 |
| BY | BYLINE BANCORP INC | 125,000 | $3.466M | 1.3% | $18.37 | +50.5% | COM | 124411109 |
| FLG | FLAGSTAR FINANCIAL INC | 298,552 | $3.429M | 1.3% | $11.19 | +6.2% | Call | 649445400 |
| ONB | OLD NATL BANCORP IND | 149,750 | $3.286M | 1.3% | $21.60 | +2.4% | COM | 680033107 |
| CCB | COASTAL FINL CORP WA | 29,700 | $3.152M | 1.2% | $105.99 | 0.0% | COM NEW | 19046P209 |
| FSUN | FIRSTSUN CAP BANCORP | 81,233 | $3.151M | 1.2% | $39.85 | -5.5% | COM | 33767U107 |
| FISI | FINANCIAL INSTNS INC | 106,022 | $2.884M | 1.1% | $25.05 | +4.5% | COM | 317585404 |
| NPB | NORTHPOINTE BANCSHARES INC. | 165,614 | $2.829M | 1.1% | $14.27 | +14.5% | COM SHS | 66661N886 |
| FRME | FIRST MERCHANTS CORP | 75,000 | $2.828M | 1.1% | $40.25 | -2.5% | COM | 320817109 |
| XLF | SELECT SECTOR SPDR TR | 50,000 | $2.693M | 1.0% | — | — | Put | 81369Y605 |
| NIC | NICOLET BANKSHARES INC | 19,800 | $2.646M | 1.0% | $132.17 | 0.0% | COM | 65406E102 |
| SHBI | SHORE BANCSHARES INC | 155,290 | $2.54M | 1.0% | $13.75 | +19.8% | COM | 825107105 |
| — | SYNOVUS FINL CORP | 49,750 | $2.42M | 0.9% | $48.65 | — | COM NEW | 87161C501 |
| PFS | PROVIDENT FINL SVCS INC | 125,000 | $2.41M | 0.9% | $16.55 | +11.9% | COM | 74386T105 |
| FFIC | FLUSHING FINL CORP | 171,299 | $2.365M | 0.9% | $14.81 | -14.2% | COM | 343873105 |
| CARE | CARTER BANKSHARES INC | 117,392 | $2.279M | 0.9% | $17.02 | +9.6% | COM NEW | 146103106 |
| BWB | BRIDGEWATER BANCSHARES INC | 127,530 | $2.245M | 0.9% | $14.65 | +11.5% | COM | 108621103 |
| FFWM | FIRST FNDTN INC | 400,000 | $2.228M | 0.9% | $6.78 | -18.6% | COM | 32026V104 |
| HTB | HOMETRUST BANCSHARES INC | 46,847 | $1.918M | 0.7% | $35.29 | +13.4% | COM | 437872104 |
| CADE | CADENCE BANK | 50,000 | $1.877M | 0.7% | $29.35 | +21.3% | COM | 12740C103 |
| ABCB | AMERIS BANCORP | 25,250 | $1.789M | 0.7% | $65.64 | +6.7% | COM | 03076K108 |
| AUB | ATLANTIC UN BANKSHARES CORP | 50,000 | $1.764M | 0.7% | $33.19 | 0.0% | COM | 04911A107 |
| OSBC | OLD SECOND BANCORP INC ILL | 100,000 | $1.728M | 0.7% | $10.44 | +71.1% | COM | 680277100 |
| HBAN | HUNTINGTON BANCSHARES INC | 100,000 | $1.727M | 0.7% | — | — | Put | 446150104 |
| BAC | BANK AMERICA CORP | 34,750 | $1.704M | 0.7% | $43.38 | +11.4% | COM | 060505104 |
| LOB | LIVE OAK BANCSHARES INC | 49,750 | $1.685M | 0.6% | $34.45 | 0.0% | COM | 53803X105 |
| WSBC | WESBANCO INC | 50,000 | $1.597M | 0.6% | $32.64 | -2.3% | COM | 950810101 |
| KBE | SPDR SERIES TRUST | 25,000 | $1.486M | 0.6% | — | — | Put | 78464A797 |
| MTB | M & T BK CORP | 7,500 | $1.482M | 0.6% | — | — | Put | 55261F104 |
| COFS | CHOICEONE FINL SVCS INC | 50,000 | $1.448M | 0.6% | $27.26 | +7.7% | COM | 170386106 |
| RF | REGIONS FINANCIAL CORP NEW | 50,000 | $1.319M | 0.5% | — | — | Put | 7591EP100 |
| BUSE | FIRST BUSEY CORP | 50,000 | $1.157M | 0.4% | $22.17 | +5.0% | COM NEW | 319383204 |
| FITB | FIFTH THIRD BANCORP | 25,000 | $1.114M | 0.4% | — | — | Put | 316773100 |
| ISTR | INVESTAR HLDG CORP | 38,037 | $887K | 0.3% | $22.44 | 0.0% | COM | 46134L105 |
| OCFC | OCEANFIRST FINL CORP | 50,000 | $879K | 0.3% | $17.29 | +0.6% | COM | 675234108 |
| CFG | CITIZENS FINL GROUP INC | 15,000 | $797K | 0.3% | — | — | Put | 174610105 |
| MNSB | MAINSTREET BANCSHARES INC | 38,526 | $752K | 0.3% | $19.44 | +7.0% | COM | 56064Y100 |
| PGC | PEAPACK-GLADSTONE FINL CORP | 24,277 | $670K | 0.3% | $28.82 | -3.1% | COM | 704699107 |
| NBTB | NBT BANCORP INC | 15,000 | $626K | 0.2% | $42.90 | 0.0% | COM | 628778102 |
| HTBK | HERITAGE COMM CORP | 50,000 | $497K | 0.2% | $10.04 | 0.0% | COM | 426927109 |
| BBT | BEACON FINANCIAL CORP. | 20,000 | $474K | 0.2% | $24.04 | +3.9% | COM | 084680107 |
| KEY | KEYCORP | 25,000 | $467K | 0.2% | — | — | Put | 493267108 |
| LNKB | LINKBANCORP INC | 63,085 | $448K | 0.2% | $6.35 | +12.2% | COM | 53578P105 |
| MRBK | MERIDIAN CORPORATION | 26,722 | $404K | 0.2% | $12.50 | +17.8% | COM | 58958P104 |
| SFST | SOUTHERN FIRST BANCSHARES | 5,582 | $245K | 0.1% | $42.72 | 0.0% | COM | 842873101 |
| FLG | FLAGSTAR FINANCIAL INC | 16,530 | $191K | 0.1% | $11.19 | +6.2% | COM NEW | 649445400 |