North Reef Capital Management LP Quant / Systematic

CIK: 0001867831 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 13, 2023

Total Value ($000): $912,308 (100.0% shares, 0.0% debt)

Holdings (37)

FRCB FIRST REP BK SAN FRANCISCO C 7.2%

Value ($000) $65,846 Shares 540,209 Est. Cost $131.04 Unrealized -7.1%

TCBI TEXAS CAP BANCSHARES INC 7.0%

Value ($000) $64,264 Shares 1,065,564 Est. Cost $58.01 Unrealized +1.8%

— SYNOVUS FINL CORP 6.7%

Value ($000) $60,695 Shares 1,616,379 Est. Cost $37.84 Unrealized —

WTFC WINTRUST FINL CORP 6.6%

Value ($000) $60,015 Shares 710,073 Est. Cost $87.18 Unrealized +1.3%

ABCB AMERIS BANCORP 5.7%

Value ($000) $52,255 Shares 1,108,516 Est. Cost $47.99 Unrealized 0.0%

IBOC INTERNATIONAL BANCSHARES COR 5.7%

Value ($000) $51,704 Shares 1,129,887 Est. Cost $42.70 Unrealized +3.9%

SBCF SEACOAST BKG CORP FLA 5.6%

Value ($000) $51,375 Shares 1,647,175 Est. Cost $32.88 Unrealized -3.3%

BK BANK NEW YORK MELLON CORP 5.5%

Value ($000) $50,087 Shares 1,100,327 Est. Cost $39.25 Unrealized 0.0%

QTWO Q2 HLDGS INC 5.0%

Value ($000) $45,619 Shares 1,697,772 Est. Cost $35.94 Unrealized -22.2%

CBOE CBOE GLOBAL MKTS INC 4.1%

Value ($000) $37,658 Shares 300,137 Est. Cost $118.02 Unrealized +1.0%

— AVIDXCHANGE HOLDINGS INC 4.0%

Value ($000) $36,807 Shares 3,702,883 Est. Cost $9.50 Unrealized —

SCHW SCHWAB CHARLES CORP 3.8%

Value ($000) $34,920 Shares 419,414 Est. Cost $74.21 Unrealized 0.0%

WFC WELLS FARGO CO NEW 3.4%

Value ($000) $31,414 Shares 760,823 Est. Cost $42.11 Unrealized -3.0%

USB US BANCORP DEL 3.1%

Value ($000) $28,628 Shares 656,457 Est. Cost $36.71 Unrealized 0.0%

— PINNACLE FINL PARTNERS INC 3.1%

Value ($000) $27,972 Shares 381,090 Est. Cost $81.88 Unrealized —

— PAYA HOLDINGS INC 2.6%

Value ($000) $23,340 Shares 2,965,715 Est. Cost $7.24 Unrealized —

ACIW ACI WORLDWIDE INC 2.5%

Value ($000) $22,739 Shares 988,662 Est. Cost $23.20 Unrealized -7.2%

AAMI BRIGHTSPHERE INVT GROUP INC 2.4%

Value ($000) $22,048 Shares 1,071,338 Est. Cost $19.63 Unrealized -4.3%

— FIRST BANCSHARES INC MS 2.0%

Value ($000) $17,891 Shares 558,906 Est. Cost $30.71 Unrealized —

BAC BANK AMERICA CORP 1.9%

Value ($000) $17,270 Shares 521,435 Est. Cost $31.20 Unrealized +1.6%

PNC PNC FINL SVCS GROUP INC 1.5%

Value ($000) $13,794 Shares 87,335 Est. Cost $139.24 Unrealized 0.0%

GPN GLOBAL PMTS INC 1.5%

Value ($000) $13,702 Shares 137,959 Est. Cost $100.98 Unrealized 0.0%

MYFW FIRST WESTN FINL INC 1.3%

Value ($000) $11,572 Shares 411,092 Est. Cost $27.93 Unrealized -0.1%

— SVB FINANCIAL GROUP 1.0%

Value ($000) $8,897 Shares 38,660 Est. Cost $230.14 Unrealized —

STT STATE STR CORP 0.9%

Value ($000) $8,480 Shares 109,322 Est. Cost $66.07 Unrealized 0.0%

PGC PEAPACK-GLADSTONE FINL CORP 0.8%

Value ($000) $7,404 Shares 198,933 Est. Cost $35.68 Unrealized +4.5%

— INDEPENDENT BANK GROUP INC 0.8%

Value ($000) $7,095 Shares 118,088 Est. Cost $61.87 Unrealized —

HTH HILLTOP HOLDINGS INC 0.7%

Value ($000) $6,740 Shares 224,606 Est. Cost $28.44 Unrealized 0.0%

— AMERICAN NATL BANKSHARES INC 0.6%

Value ($000) $5,609 Shares 151,892 Est. Cost $36.21 Unrealized —

PYPL PAYPAL HLDGS INC 0.6%

Value ($000) $5,229 Shares 73,426 Est. Cost $79.85 Unrealized 0.0%

GCMG GCM GROSVENOR INC 0.5%

Value ($000) $4,915 Shares 645,848 Est. Cost $7.36 Unrealized -3.9%

C CITIGROUP INC 0.5%

Value ($000) $4,172 Shares 92,242 Est. Cost $40.56 Unrealized 0.0%

BANC BANC OF CALIFORNIA INC 0.4%

Value ($000) $3,209 Shares 201,420 Est. Cost $16.48 Unrealized -9.1%

VCTR VICTORY CAP HLDGS INC 0.3%

Value ($000) $3,024 Shares 112,702 Est. Cost $27.85 Unrealized -9.2%

— PACWEST BANCORP DEL 0.3%

Value ($000) $2,783 Shares 121,270 Est. Cost $26.66 Unrealized —

MCHB HOMESTREET INC 0.2%

Value ($000) $1,719 Shares 62,344 Est. Cost $35.20 Unrealized -22.3%

CCNE CNB FINL CORP PA 0.2%

Value ($000) $1,413 Shares 59,396 Est. Cost $22.66 Unrealized -1.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FRCB	FIRST REP BK SAN FRANCISCO C	540,209	$65,846	7.2%	$131.04	-7.1%	COM	33616C100
TCBI	TEXAS CAP BANCSHARES INC	1,065,564	$64,264	7.0%	$58.01	+1.8%	COM	88224Q107
—	SYNOVUS FINL CORP	1,616,379	$60,695	6.7%	$37.84	—	COM NEW	87161C501
WTFC	WINTRUST FINL CORP	710,073	$60,015	6.6%	$87.18	+1.3%	COM	97650W108
ABCB	AMERIS BANCORP	1,108,516	$52,255	5.7%	$47.99	0.0%	COM	03076K108
IBOC	INTERNATIONAL BANCSHARES COR	1,129,887	$51,704	5.7%	$42.70	+3.9%	COM	459044103
SBCF	SEACOAST BKG CORP FLA	1,647,175	$51,375	5.6%	$32.88	-3.3%	COM NEW	811707801
BK	BANK NEW YORK MELLON CORP	1,100,327	$50,087	5.5%	$39.25	0.0%	COM	064058100
QTWO	Q2 HLDGS INC	1,697,772	$45,619	5.0%	$35.94	-22.2%	COM	74736L109
CBOE	CBOE GLOBAL MKTS INC	300,137	$37,658	4.1%	$118.02	+1.0%	COM	12503M108
—	AVIDXCHANGE HOLDINGS INC	3,702,883	$36,807	4.0%	$9.50	—	COM	05368X102
SCHW	SCHWAB CHARLES CORP	419,414	$34,920	3.8%	$74.21	0.0%	COM	808513105
WFC	WELLS FARGO CO NEW	760,823	$31,414	3.4%	$42.11	-3.0%	COM	949746101
USB	US BANCORP DEL	656,457	$28,628	3.1%	$36.71	0.0%	COM NEW	902973304
—	PINNACLE FINL PARTNERS INC	381,090	$27,972	3.1%	$81.88	—	COM	72346Q104
—	PAYA HOLDINGS INC	2,965,715	$23,340	2.6%	$7.24	—	COM CL A	70434P103
ACIW	ACI WORLDWIDE INC	988,662	$22,739	2.5%	$23.20	-7.2%	COM	004498101
AAMI	BRIGHTSPHERE INVT GROUP INC	1,071,338	$22,048	2.4%	$19.63	-4.3%	COM	10948W103
—	FIRST BANCSHARES INC MS	558,906	$17,891	2.0%	$30.71	—	COM	318916103
BAC	BANK AMERICA CORP	521,435	$17,270	1.9%	$31.20	+1.6%	COM	060505104
PNC	PNC FINL SVCS GROUP INC	87,335	$13,794	1.5%	$139.24	0.0%	COM	693475105
GPN	GLOBAL PMTS INC	137,959	$13,702	1.5%	$100.98	0.0%	COM	37940X102
MYFW	FIRST WESTN FINL INC	411,092	$11,572	1.3%	$27.93	-0.1%	COM	33751L105
—	SVB FINANCIAL GROUP	38,660	$8,897	1.0%	$230.14	—	COM	78486Q101
STT	STATE STR CORP	109,322	$8,480	0.9%	$66.07	0.0%	COM	857477103
PGC	PEAPACK-GLADSTONE FINL CORP	198,933	$7,404	0.8%	$35.68	+4.5%	COM	704699107
—	INDEPENDENT BANK GROUP INC	118,088	$7,095	0.8%	$61.87	—	COM	45384B106
HTH	HILLTOP HOLDINGS INC	224,606	$6,740	0.7%	$28.44	0.0%	COM	432748101
—	AMERICAN NATL BANKSHARES INC	151,892	$5,609	0.6%	$36.21	—	COM	027745108
PYPL	PAYPAL HLDGS INC	73,426	$5,229	0.6%	$79.85	0.0%	COM	70450Y103
GCMG	GCM GROSVENOR INC	645,848	$4,915	0.5%	$7.36	-3.9%	COM CL A	36831E108
C	CITIGROUP INC	92,242	$4,172	0.5%	$40.56	0.0%	COM NEW	172967424
BANC	BANC OF CALIFORNIA INC	201,420	$3,209	0.4%	$16.48	-9.1%	COM	05990K106
VCTR	VICTORY CAP HLDGS INC	112,702	$3,024	0.3%	$27.85	-9.2%	COM CL A	92645B103
—	PACWEST BANCORP DEL	121,270	$2,783	0.3%	$26.66	—	COM	695263103
MCHB	HOMESTREET INC	62,344	$1,719	0.2%	$35.20	-22.3%	COM	43785V102
CCNE	CNB FINL CORP PA	59,396	$1,413	0.2%	$22.66	-1.3%	COM	126128107