Petiole USA ltd Long-Term Concentrated

Location: New York, NY

CIK: 0001600202 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 13, 2026

Total Value: $139M (100.0% shares, 0.0% debt)

Holdings (31)

Exited Positions (1)

WBS WEBSTER FINL CORP 5.1%

Value $7.072M Shares 101,875 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WBS	WEBSTER FINL CORP	101,875	$7.072M	5.1%	—	—	—	947890109

Decreased Positions (17)

SBFG SB FINL GROUP INC 0.5%

Value $668K (-81.2%) Shares 26,437 (-84.3%) Est. Cost — Unrealized —

CARE CARTER BANKSHARES INC 4.4%

Value $6.095M (-31.5%) Shares 179,222 (-53.0%) Est. Cost — Unrealized —

PNFP PINNACLE FINL PARTNERS INC 1.9%

Value $2.592M (-25.5%) Shares 25,694 (-36.4%) Est. Cost — Unrealized —

CFG CITIZENS FINL GROUP INC 1.9%

Value $2.608M (-23.8%) Shares 37,217 (-34.8%) Est. Cost — Unrealized —

HBAN HUNTINGTON BANCSHARES INC 1.4%

Value $1.88M (-28.9%) Shares 106,040 (-37.2%) Est. Cost — Unrealized —

ORRF ORRSTOWN FINL SVCS INC 4.9%

Value $6.85M (+10.5%) Shares 167,766 (-2.3%) Est. Cost — Unrealized —

FNB F N B CORP 1.4%

Value $1.894M (-24.6%) Shares 99,250 (-33.9%) Est. Cost — Unrealized —

BANR BANNER CORP 0.9%

Value $1.303M (-30.9%) Shares 19,615 (-36.9%) Est. Cost — Unrealized —

SSB SOUTHSTATE BK CORP 1.0%

Value $1.456M (-28.5%) Shares 14,575 (-33.8%) Est. Cost — Unrealized —

BCAL CALIFORNIA BANCORP 2.8%

Value $3.956M (+16.1%) Shares 189,804 (-1.3%) Est. Cost — Unrealized —

FNWB FIRST NORTHWEST BANCORP 2.0%

Value $2.748M (+22.8%) Shares 254,197 (-1.4%) Est. Cost — Unrealized —

COLB COLUMBIA BKG SYS INC 1.2%

Value $1.659M (-21.6%) Shares 51,752 (-32.9%) Est. Cost — Unrealized —

MPB MID PENN BANCORP INC 4.8%

Value $6.704M (+7.2%) Shares 192,411 (-1.1%) Est. Cost — Unrealized —

HAFC HANMI FINL CORP 1.6%

Value $2.218M (+20.4%) Shares 68,451 (-2.0%) Est. Cost — Unrealized —

EWBC EAST WEST BANCORP INC 1.2%

Value $1.627M (-18.1%) Shares 12,600 (-32.3%) Est. Cost — Unrealized —

WAL WESTERN ALLIANCE BANCORP 3.9%

Value $5.412M (-2.7%) Shares 65,838 (-16.1%) Est. Cost — Unrealized —

CBAN COLONY BANKCORP INC 6.5%

Value $9.012M (-0.8%) Shares 448,563 (-1.4%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SBFG	SB FINL GROUP INC	26,437 (-84.3%)	$668K (-81.2%)	0.5%	—	—	COM	78408D105
CARE	CARTER BANKSHARES INC	179,222 (-53.0%)	$6.095M (-31.5%)	4.4%	—	—	COM NEW	146103106
PNFP	PINNACLE FINL PARTNERS INC	25,694 (-36.4%)	$2.592M (-25.5%)	1.9%	—	—	COM	72348N109
CFG	CITIZENS FINL GROUP INC	37,217 (-34.8%)	$2.608M (-23.8%)	1.9%	—	—	COM	174610105
HBAN	HUNTINGTON BANCSHARES INC	106,040 (-37.2%)	$1.88M (-28.9%)	1.4%	—	—	COM	446150104
ORRF	ORRSTOWN FINL SVCS INC	167,766 (-2.3%)	$6.85M (+10.5%)	4.9%	—	—	COM	687380105
FNB	F N B CORP	99,250 (-33.9%)	$1.894M (-24.6%)	1.4%	—	—	COM	302520101
BANR	BANNER CORP	19,615 (-36.9%)	$1.303M (-30.9%)	0.9%	—	—	COM NEW	06652V208
SSB	SOUTHSTATE BK CORP	14,575 (-33.8%)	$1.456M (-28.5%)	1.0%	—	—	COM	84472E102
BCAL	CALIFORNIA BANCORP	189,804 (-1.3%)	$3.956M (+16.1%)	2.8%	—	—	COM	84252A106
FNWB	FIRST NORTHWEST BANCORP	254,197 (-1.4%)	$2.748M (+22.8%)	2.0%	—	—	COM	335834107
COLB	COLUMBIA BKG SYS INC	51,752 (-32.9%)	$1.659M (-21.6%)	1.2%	—	—	COM	197236102
MPB	MID PENN BANCORP INC	192,411 (-1.1%)	$6.704M (+7.2%)	4.8%	—	—	COM	59540G107
HAFC	HANMI FINL CORP	68,451 (-2.0%)	$2.218M (+20.4%)	1.6%	—	—	COM NEW	410495204
EWBC	EAST WEST BANCORP INC	12,600 (-32.3%)	$1.627M (-18.1%)	1.2%	—	—	COM	27579R104
WAL	WESTERN ALLIANCE BANCORP	65,838 (-16.1%)	$5.412M (-2.7%)	3.9%	—	—	COM	957638109
CBAN	COLONY BANKCORP INC	448,563 (-1.4%)	$9.012M (-0.8%)	6.5%	—	—	COM	19623P101

Unchanged Positions (14)

CBK COMMERCIAL BANCGROUP INC 6.8%

Value $9.397M Shares 291,014 Est. Cost — Unrealized —

UMBF UMB FINL CORP 4.4%

Value $6.085M Shares 42,622 Est. Cost — Unrealized —

RNST RENASANT CORP 5.9%

Value $8.263M Shares 194,245 Est. Cost — Unrealized —

BANC BANC OF CALIFORNIA INC 5.8%

Value $8.114M Shares 397,168 Est. Cost — Unrealized —

HWC HANCOCK WHITNEY CORPORATION 4.6%

Value $6.442M Shares 86,218 Est. Cost — Unrealized —

CCNE CNB FINL CORP PA 4.6%

Value $6.379M Shares 189,241 Est. Cost — Unrealized —

FXNC FIRST NATL CORP VA 6.6%

Value $9.166M Shares 305,340 Est. Cost — Unrealized —

FRST PRIMIS FINANCIAL CORP 2.7%

Value $3.769M Shares 230,222 Est. Cost — Unrealized —

WTFC WINTRUST FINL CORP 3.4%

Value $4.781M Shares 29,750 Est. Cost — Unrealized —

SHBI SHORE BANCSHARES INC 2.4%

Value $3.385M Shares 147,487 Est. Cost — Unrealized —

FCNCA FIRST CTZNS BANCSHARES INC D 3.6%

Value $5.025M Shares 2,415 Est. Cost — Unrealized —

FRME FIRST MERCHANTS CORP 3.0%

Value $4.109M Shares 94,047 Est. Cost — Unrealized —

FRBA FIRST BK WILLIAMSTOWN NEW JE 2.0%

Value $2.742M Shares 154,660 Est. Cost — Unrealized —

EQBK EQUITY BANCSHARES INC 2.0%

Value $2.81M Shares 57,364 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CBK	COMMERCIAL BANCGROUP INC	291,014	$9.397M	6.8%	—	—	COM	20112C106
UMBF	UMB FINL CORP	42,622	$6.085M	4.4%	—	—	COM	902788108
RNST	RENASANT CORP	194,245	$8.263M	5.9%	—	—	COM	75970E107
BANC	BANC OF CALIFORNIA INC	397,168	$8.114M	5.8%	—	—	COM	05990K106
HWC	HANCOCK WHITNEY CORPORATION	86,218	$6.442M	4.6%	—	—	COM	410120109
CCNE	CNB FINL CORP PA	189,241	$6.379M	4.6%	—	—	COM	126128107
FXNC	FIRST NATL CORP VA	305,340	$9.166M	6.6%	—	—	COM	32106V107
FRST	PRIMIS FINANCIAL CORP	230,222	$3.769M	2.7%	—	—	COM	74167B109
WTFC	WINTRUST FINL CORP	29,750	$4.781M	3.4%	—	—	COM	97650W108
SHBI	SHORE BANCSHARES INC	147,487	$3.385M	2.4%	—	—	COM	825107105
FCNCA	FIRST CTZNS BANCSHARES INC D	2,415	$5.025M	3.6%	—	—	CL A	31946M103
FRME	FIRST MERCHANTS CORP	94,047	$4.109M	3.0%	—	—	COM	320817109
FRBA	FIRST BK WILLIAMSTOWN NEW JE	154,660	$2.742M	2.0%	—	—	COM	31931U102
EQBK	EQUITY BANCSHARES INC	57,364	$2.81M	2.0%	—	—	COM CL A	29460X109