North Reef Capital Management LP Quant / Systematic

Location: Laguna Beach, CA

CIK: 0001867831 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 13, 2022

Total Value: $245M (100.0% shares, 0.0% debt)

Holdings (34)

GPN GLOBAL PMTS INC 12.3%

Value $29.96M Shares 218,920 Est. Cost $134.36 Unrealized +0.1%

— PINNACLE FINL PARTNERS INC 8.5%

Value $20.72M Shares 225,000 Est. Cost $92.08 Unrealized —

CBOE CBOE GLOBAL MKTS INC 8.1%

Value $19.71M Shares 172,230 Est. Cost $114.59 Unrealized -1.4%

WFC WELLS FARGO CO NEW 7.0%

Value $17.2M Shares 355,000 Est. Cost $44.82 Unrealized +8.2%

CMA COMERICA INC 6.5%

Value $15.82M Shares 175,000 Est. Cost $70.99 Unrealized +9.7%

— EVO PMTS INC 6.2%

Value $15.12M Shares 655,000 Est. Cost $24.59 Unrealized —

HWC HANCOCK WHITNEY CORPORATION 5.8%

Value $14.08M Shares 270,000 Est. Cost $52.00 Unrealized +3.7%

EGBN EAGLE BANCORP INC MD 5.3%

Value $12.86M Shares 225,560 Est. Cost $48.58 Unrealized +2.3%

— SOUTHSTATE CORPORATION 4.6%

Value $11.26M Shares 137,979 Est. Cost $81.59 Unrealized —

SCHW SCHWAB CHARLES CORP 3.8%

Value $9.274M Shares 110,000 Est. Cost $80.56 Unrealized +3.5%

FRCB FIRST REP BK SAN FRANCISCO C 3.2%

Value $7.813M Shares 48,200 Est. Cost $173.06 Unrealized 0.0%

CFR CULLEN FROST BANKERS INC 3.1%

Value $7.613M Shares 55,000 Est. Cost $119.31 Unrealized +3.5%

— SYNOVUS FINL CORP 3.0%

Value $7.35M Shares 150,000 Est. Cost $47.87 Unrealized —

TCBI TEXAS CAP BANCSHARES INC 2.9%

Value $7.141M Shares 124,600 Est. Cost $60.31 Unrealized +6.0%

— INDEPENDENT BANK GROUP INC 2.5%

Value $6.049M Shares 85,000 Est. Cost $71.52 Unrealized —

— AVIDXCHANGE HOLDINGS INC 2.2%

Value $5.5M Shares 683,256 Est. Cost $9.90 Unrealized —

PNC PNC FINL SVCS GROUP INC 2.0%

Value $4.98M Shares 27,000 Est. Cost $174.10 Unrealized 0.0%

SBCF SEACOAST BKG CORP FLA 1.7%

Value $4.202M Shares 120,000 Est. Cost $35.82 Unrealized +1.5%

RJF RAYMOND JAMES FINL INC 1.3%

Value $3.297M Shares 30,000 Est. Cost $99.95 Unrealized 0.0%

PGC PEAPACK-GLADSTONE FINL CORP 1.3%

Value $3.207M Shares 92,275 Est. Cost $35.78 Unrealized 0.0%

GCMG GCM GROSVENOR INC 1.1%

Value $2.67M Shares 275,000 Est. Cost $8.92 Unrealized -7.4%

BOKF BOK FINL CORP 1.0%

Value $2.555M Shares 27,200 Est. Cost $93.20 Unrealized 0.0%

MTB M & T BK CORP 1.0%

Value $2.543M Shares 15,000 Est. Cost $144.98 Unrealized +7.2%

JHG JANUS HENDERSON GROUP PLC 0.9%

Value $2.276M Shares 65,000 Est. Cost $44.15 Unrealized -18.4%

— ENVESTNET INC 0.9%

Value $2.233M Shares 30,000 Est. Cost $74.43 Unrealized —

BANC BANC OF CALIFORNIA INC 0.8%

Value $2.033M Shares 105,000 Est. Cost $18.03 Unrealized 0.0%

— AMERICAN NATL BANKSHARES INC 0.8%

Value $1.996M Shares 52,973 Est. Cost $37.67 Unrealized —

VCTR VICTORY CAP HLDGS INC 0.6%

Value $1.444M Shares 50,000 Est. Cost $31.67 Unrealized -9.7%

AAMI BRIGHTSPHERE INVT GROUP INC 0.4%

Value $970K Shares 40,000 Est. Cost $27.94 Unrealized -15.5%

— FIRST BANCSHARES INC MS 0.3%

Value $842K Shares 25,000 Est. Cost $33.68 Unrealized —

UBSI UNITED BANKSHARES INC WEST V 0.3%

Value $698K Shares 20,000 Est. Cost $36.33 Unrealized 0.0%

AUB ATLANTIC UN BANKSHARES CORP 0.2%

Value $578K Shares 15,761 Est. Cost $30.86 Unrealized +10.7%

ACIW ACI WORLDWIDE INC 0.1%

Value $315K Shares 10,000 Est. Cost $33.36 Unrealized 0.0%

— FIRST FINANCIAL NORTHWEST IN 0.1%

Value $224K Shares 13,066 Est. Cost $17.14 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GPN	GLOBAL PMTS INC	218,920	$29.96M	12.3%	$134.36	+0.1%	COM	37940X102
—	PINNACLE FINL PARTNERS INC	225,000	$20.72M	8.5%	$92.08	—	COM	72346Q104
CBOE	CBOE GLOBAL MKTS INC	172,230	$19.71M	8.1%	$114.59	-1.4%	COM	12503M108
WFC	WELLS FARGO CO NEW	355,000	$17.2M	7.0%	$44.82	+8.2%	COM	949746101
CMA	COMERICA INC	175,000	$15.82M	6.5%	$70.99	+9.7%	COM	200340107
—	EVO PMTS INC	655,000	$15.12M	6.2%	$24.59	—	CL A COM	26927E104
HWC	HANCOCK WHITNEY CORPORATION	270,000	$14.08M	5.8%	$52.00	+3.7%	COM	410120109
EGBN	EAGLE BANCORP INC MD	225,560	$12.86M	5.3%	$48.58	+2.3%	COM	268948106
—	SOUTHSTATE CORPORATION	137,979	$11.26M	4.6%	$81.59	—	COM	840441109
SCHW	SCHWAB CHARLES CORP	110,000	$9.274M	3.8%	$80.56	+3.5%	COM	808513105
FRCB	FIRST REP BK SAN FRANCISCO C	48,200	$7.813M	3.2%	$173.06	0.0%	COM	33616C100
CFR	CULLEN FROST BANKERS INC	55,000	$7.613M	3.1%	$119.31	+3.5%	COM	229899109
—	SYNOVUS FINL CORP	150,000	$7.35M	3.0%	$47.87	—	COM NEW	87161C501
TCBI	TEXAS CAP BANCSHARES INC	124,600	$7.141M	2.9%	$60.31	+6.0%	COM	88224Q107
—	INDEPENDENT BANK GROUP INC	85,000	$6.049M	2.5%	$71.52	—	COM	45384B106
—	AVIDXCHANGE HOLDINGS INC	683,256	$5.5M	2.2%	$9.90	—	COM	05368X102
PNC	PNC FINL SVCS GROUP INC	27,000	$4.98M	2.0%	$174.10	0.0%	COM	693475105
SBCF	SEACOAST BKG CORP FLA	120,000	$4.202M	1.7%	$35.82	+1.5%	COM NEW	811707801
RJF	RAYMOND JAMES FINL INC	30,000	$3.297M	1.3%	$99.95	0.0%	COM	754730109
PGC	PEAPACK-GLADSTONE FINL CORP	92,275	$3.207M	1.3%	$35.78	0.0%	COM	704699107
GCMG	GCM GROSVENOR INC	275,000	$2.67M	1.1%	$8.92	-7.4%	COM CL A	36831E108
BOKF	BOK FINL CORP	27,200	$2.555M	1.0%	$93.20	0.0%	COM NEW	05561Q201
MTB	M & T BK CORP	15,000	$2.543M	1.0%	$144.98	+7.2%	COM	55261F104
JHG	JANUS HENDERSON GROUP PLC	65,000	$2.276M	0.9%	$44.15	-18.4%	ORD SHS	G4474Y214
—	ENVESTNET INC	30,000	$2.233M	0.9%	$74.43	—	COM	29404K106
BANC	BANC OF CALIFORNIA INC	105,000	$2.033M	0.8%	$18.03	0.0%	COM	05990K106
—	AMERICAN NATL BANKSHARES INC	52,973	$1.996M	0.8%	$37.67	—	COM	027745108
VCTR	VICTORY CAP HLDGS INC	50,000	$1.444M	0.6%	$31.67	-9.7%	COM CL A	92645B103
AAMI	BRIGHTSPHERE INVT GROUP INC	40,000	$970K	0.4%	$27.94	-15.5%	COM	10948W103
—	FIRST BANCSHARES INC MS	25,000	$842K	0.3%	$33.68	—	COM	318916103
UBSI	UNITED BANKSHARES INC WEST V	20,000	$698K	0.3%	$36.33	0.0%	COM	909907107
AUB	ATLANTIC UN BANKSHARES CORP	15,761	$578K	0.2%	$30.86	+10.7%	COM	04911A107
ACIW	ACI WORLDWIDE INC	10,000	$315K	0.1%	$33.36	0.0%	COM	004498101
—	FIRST FINANCIAL NORTHWEST IN	13,066	$224K	0.1%	$17.14	—	COM	32022K102