Location: Key Largo, FL
CIK: 0001177043 · Show all filings
Period: Q4 2025 (← Previous) (Next →)
Filing Date: Feb 18, 2026
Total Value: $338M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| ABX | ABACUS GLOBAL MGMT INC | 2,012,500 | $17.21M | 5.1% | $8.38 | -22.9% | CL A | 00258Y104 |
| EQBK | EQUITY BANCSHARES INC | 385,236 | $17.2M | 5.1% | $34.74 | +22.7% | COM CL A | 29460X109 |
| FRST | PRIMIS FINANCIAL CORP | 1,217,327 | $16.93M | 5.0% | $10.77 | +3.9% | COM | 74167B109 |
| VBNK | VERSABANK NEW | 1,057,693 | $15.39M | 4.6% | $13.26 | — | COM | 92512J106 |
| SPY | SPDR S&P 500 ETF TR | 20,000 | $13.64M | 4.0% | — | — | Put | 78462F103 |
| KRE | SPDR SERIES TRUST | 175,000 | $11.34M | 3.4% | — | — | Put | 78464A698 |
| FHN | FIRST HORIZON CORPORATION | 465,000 | $11.11M | 3.3% | $20.05 | +10.7% | COM | 320517105 |
| XLF | SELECT SECTOR SPDR TR | 200,000 | $10.95M | 3.2% | — | — | Put | 81369Y605 |
| MCHB | MECHANICS BANCORP | 726,502 | $10.63M | 3.1% | $13.29 | +4.6% | CL A | 43785V102 |
| IWM | ISHARES TR | 40,000 | $9.846M | 2.9% | — | — | Put | 464287655 |
| RNST | RENASANT CORP | 270,000 | $9.509M | 2.8% | $33.50 | +5.8% | COM | 75970E107 |
| CBK | COMMERCIAL BANCGROUP INC | 374,847 | $9.206M | 2.7% | $24.55 | 0.0% | COM | 20112C106 |
| USCB | USCB FINANCIAL HOLDINGS INC | 487,142 | $8.973M | 2.7% | $12.43 | +43.7% | CLASS A COM | 90355N101 |
| HYG | ISHARES TR | 100,000 | $8.063M | 2.4% | — | — | Put | 464288513 |
| OBK | ORIGIN BANCORP INC | 200,000 | $7.522M | 2.2% | $35.38 | +1.3% | COM | 68621T102 |
| MOFG | MIDWESTONE FINL GROUP INC NE | 184,100 | $7.088M | 2.1% | $28.93 | +26.0% | COM | 598511103 |
| MYFW | FIRST WESTN FINL INC | 253,336 | $6.792M | 2.0% | $19.88 | +19.9% | COM | 33751L105 |
| FBK | FB FINL CORP | 120,000 | $6.696M | 2.0% | $55.62 | 0.0% | COM | 30257X104 |
| BFST | BUSINESS FIRST BANCSHARES IN | 250,000 | $6.535M | 1.9% | $20.13 | +24.6% | COM | 12326C105 |
| AMTB | AMERANT BANCORP INC | 326,408 | $6.368M | 1.9% | $21.26 | -13.0% | CL A | 023576101 |
| AVBH | AVIDBANK HLDGS INC | 234,553 | $6.23M | 1.8% | $23.63 | +9.8% | COM | 05368J103 |
| COSO | COASTALSOUTH BANCSHARES INC | 265,788 | $6.18M | 1.8% | $21.58 | +2.9% | COM NEW | 19058X207 |
| TFC | TRUIST FINL CORP | 125,000 | $6.151M | 1.8% | — | — | Call | 89832Q109 |
| FSUN | FIRSTSUN CAP BANCORP | 140,515 | $5.288M | 1.6% | $38.40 | -5.2% | COM | 33767U107 |
| CIVB | CIVISTA BANCSHARES INC | 225,335 | $5.007M | 1.5% | $15.65 | +39.8% | COM NO PAR | 178867107 |
| BANC | BANC OF CALIFORNIA INC | 250,000 | $4.822M | 1.4% | $17.85 | 0.0% | COM | 05990K106 |
| BCAL | CALIFORNIA BANCORP | 254,878 | $4.759M | 1.4% | $14.57 | +25.6% | COM | 84252A106 |
| CBC | CENTRAL BANCOMPANY | 200,601 | $4.727M | 1.4% | $23.43 | 0.0% | COM CL A | 152413100 |
| SFNC | SIMMONS 1ST NATL CORP | 250,000 | $4.713M | 1.4% | $19.96 | -7.2% | CL A $1 PAR | 828730200 |
| KBE | SPDR SERIES TRUST | 75,000 | $4.552M | 1.3% | — | — | Put | 78464A797 |
| FLG | FLAGSTAR BANK NATIONAL ASSOC | 316,332 | $3.983M | 1.2% | $11.91 | +0.3% | COM NEW | 649445400 |
| BY | BYLINE BANCORP INC | 125,000 | $3.644M | 1.1% | $18.37 | +52.2% | COM | 124411109 |
| FRME | FIRST MERCHANTS CORP | 95,000 | $3.561M | 1.1% | $39.52 | -6.9% | COM | 320817109 |
| AUB | ATLANTIC UN BANKSHARES CORP | 100,000 | $3.53M | 1.0% | $33.52 | +1.0% | COM | 04911A107 |
| CCB | COASTAL FINL CORP WA | 30,000 | $3.438M | 1.0% | $106.02 | +2.9% | COM NEW | 19046P209 |
| STT | STATE STR CORP | 25,000 | $3.225M | 1.0% | — | — | Call | 857477103 |
| PNC | PNC FINL SVCS GROUP INC | 15,000 | $3.131M | 0.9% | — | — | Put | 693475105 |
| FISI | FINANCIAL INSTNS INC | 100,000 | $3.117M | 0.9% | $25.05 | +16.7% | COM | 317585404 |
| KEY | KEYCORP | 150,000 | $3.096M | 0.9% | — | — | Put | 493267108 |
| CFG | CITIZENS FINL GROUP INC | 50,000 | $2.921M | 0.9% | — | — | Put | 174610105 |
| BBT | BEACON FINANCIAL CORP. | 106,393 | $2.806M | 0.8% | $24.76 | +0.7% | COM | 084680107 |
| NPB | NORTHPOINTE BANCSHARES INC. | 165,614 | $2.779M | 0.8% | $14.27 | +18.6% | COM SHS | 66661N886 |
| SHBI | SHORE BANCSHARES INC | 155,290 | $2.746M | 0.8% | $13.75 | +22.0% | COM | 825107105 |
| FFWM | FIRST FNDTN INC | 400,000 | $2.464M | 0.7% | $6.78 | -17.5% | COM | 32026V104 |
| NIC | NICOLET BANKSHARES INC | 20,000 | $2.426M | 0.7% | $132.11 | -4.5% | COM | 65406E102 |
| CARE | CARTER BANKSHARES INC | 117,392 | $2.308M | 0.7% | $17.02 | +9.5% | COM NEW | 146103106 |
| PFS | PROVIDENT FINL SVCS INC | 115,000 | $2.271M | 0.7% | $16.55 | +14.9% | COM | 74386T105 |
| BWB | BRIDGEWATER BANCSHARES INC | 120,000 | $2.104M | 0.6% | $14.65 | +18.4% | COM | 108621103 |
| HTB | HOMETRUST BANCSHARES INC | 46,847 | $2.012M | 0.6% | $35.29 | +16.9% | COM | 437872104 |
| OSBC | OLD SECOND BANCORP INC ILL | 100,000 | $1.95M | 0.6% | $10.44 | +78.2% | COM | 680277100 |
| ABCB | AMERIS BANCORP | 25,500 | $1.894M | 0.6% | $65.64 | +13.1% | COM | 03076K108 |
| HBAN | HUNTINGTON BANCSHARES INC | 100,000 | $1.735M | 0.5% | — | — | Put | 446150104 |
| LOB | LIVE OAK BANCSHARES INC | 50,000 | $1.718M | 0.5% | $34.45 | -2.8% | COM | 53803X105 |
| RF | REGIONS FINANCIAL CORP NEW | 50,000 | $1.355M | 0.4% | — | — | Put | 7591EP100 |
| USB | US BANCORP DEL | 25,000 | $1.334M | 0.4% | — | — | Put | 902973304 |
| BUSE | FIRST BUSEY CORP | 50,000 | $1.19M | 0.4% | $22.17 | +4.7% | COM NEW | 319383204 |
| ALLY | ALLY FINL INC | 25,000 | $1.132M | 0.3% | — | — | Put | 02005N100 |
| ONB | OLD NATL BANCORP IND | 50,000 | $1.115M | 0.3% | $21.60 | -0.2% | COM | 680033107 |
| PGC | PEAPACK-GLADSTONE FINL CORP | 39,677 | $1.105M | 0.3% | $28.19 | -3.5% | COM | 704699107 |
| ISTR | INVESTAR HLDG CORP | 38,037 | $1.017M | 0.3% | $22.44 | +9.6% | COM | 46134L105 |
| MNSB | MAINSTREET BANCSHARES INC | 47,312 | $963K | 0.3% | $19.44 | -0.1% | COM | 56064Y100 |
| CBSH | COMMERCE BANCSHARES INC | 14,123 | $742K | 0.2% | $52.11 | 0.0% | COM | 200525103 |
| NBTB | NBT BANCORP INC | 15,000 | $623K | 0.2% | $42.90 | -3.1% | COM | 628778102 |
| MRBK | MERIDIAN CORPORATION | 26,722 | $470K | 0.1% | $12.50 | +23.7% | COM | 58958P104 |
| SFST | SOUTHERN FIRST BANCSHARES | 5,582 | $288K | 0.1% | $42.72 | +12.2% | COM | 842873101 |