North Reef Capital Management LP Quant / Systematic

CIK: 0001867831 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 12, 2023

Total Value ($000): $892,511 (100.0% shares, 0.0% debt)

Holdings (40)

— SYNOVUS FINL CORP 8.2%

Value ($000) $73,530 Shares 2,385,000 Est. Cost $35.58 Unrealized —

ABCB AMERIS BANCORP 7.3%

Value ($000) $65,295 Shares 1,785,000 Est. Cost $46.19 Unrealized -6.4%

SBCF SEACOAST BKG CORP FLA 7.3%

Value ($000) $64,884 Shares 2,737,713 Est. Cost $31.63 Unrealized -5.9%

GPN GLOBAL PMTS INC 6.2%

Value ($000) $55,777 Shares 530,000 Est. Cost $104.13 Unrealized +1.1%

IBOC INTERNATIONAL BANCSHARES COR 6.2%

Value ($000) $55,215 Shares 1,289,463 Est. Cost $42.63 Unrealized -1.1%

WFC WELLS FARGO CO NEW 5.9%

Value ($000) $52,332 Shares 1,400,000 Est. Cost $41.36 Unrealized -2.2%

CBOE CBOE GLOBAL MKTS INC 5.2%

Value ($000) $46,024 Shares 342,850 Est. Cost $118.48 Unrealized +2.8%

WTFC WINTRUST FINL CORP 4.2%

Value ($000) $37,275 Shares 510,968 Est. Cost $87.18 Unrealized -1.9%

C CITIGROUP INC 4.1%

Value ($000) $36,340 Shares 775,000 Est. Cost $43.84 Unrealized +1.0%

— AVIDXCHANGE HOLDINGS INC 3.8%

Value ($000) $33,657 Shares 4,315,000 Est. Cost $9.26 Unrealized —

QTWO Q2 HLDGS INC 3.7%

Value ($000) $33,248 Shares 1,350,437 Est. Cost $35.94 Unrealized -17.3%

BK BANK NEW YORK MELLON CORP 3.6%

Value ($000) $32,373 Shares 712,438 Est. Cost $39.25 Unrealized +14.0%

AAMI BRIGHTSPHERE INVT GROUP INC 3.2%

Value ($000) $28,442 Shares 1,206,187 Est. Cost $20.05 Unrealized +16.8%

— PINNACLE FINL PARTNERS INC 2.7%

Value ($000) $24,270 Shares 440,000 Est. Cost $78.30 Unrealized —

PNC PNC FINL SVCS GROUP INC 2.7%

Value ($000) $24,149 Shares 190,000 Est. Cost $136.75 Unrealized -1.6%

CMA COMERICA INC 2.5%

Value ($000) $22,361 Shares 515,000 Est. Cost $54.87 Unrealized 0.0%

— FIRST BANCSHARES INC MS 2.4%

Value ($000) $21,756 Shares 842,260 Est. Cost $29.07 Unrealized —

ACIW ACI WORLDWIDE INC 2.3%

Value ($000) $20,334 Shares 753,665 Est. Cost $23.20 Unrealized +14.1%

HTH HILLTOP HOLDINGS INC 1.9%

Value ($000) $17,197 Shares 579,599 Est. Cost $30.35 Unrealized +4.0%

USB US BANCORP DEL 1.8%

Value ($000) $16,471 Shares 456,888 Est. Cost $36.71 Unrealized +5.2%

FHN FIRST HORIZON CORPORATION 1.6%

Value ($000) $14,224 Shares 800,000 Est. Cost $19.88 Unrealized 0.0%

FITB FIFTH THIRD BANCORP 1.5%

Value ($000) $13,831 Shares 519,163 Est. Cost $29.42 Unrealized 0.0%

FCNCA FIRST CTZNS BANCSHARES INC N 1.4%

Value ($000) $12,926 Shares 13,283 Est. Cost $734.82 Unrealized 0.0%

TCBI TEXAS CAP BANCSHARES INC 1.0%

Value ($000) $8,967 Shares 183,156 Est. Cost $58.01 Unrealized +5.9%

MYFW FIRST WESTN FINL INC 1.0%

Value ($000) $8,514 Shares 430,000 Est. Cost $27.79 Unrealized -11.1%

STT STATE STR CORP 0.9%

Value ($000) $8,404 Shares 111,036 Est. Cost $66.23 Unrealized +15.0%

COLB COLUMBIA BKG SYS INC 0.9%

Value ($000) $8,033 Shares 375,000 Est. Cost $23.29 Unrealized 0.0%

GS GOLDMAN SACHS GROUP INC 0.8%

Value ($000) $7,200 Shares 22,012 Est. Cost $323.64 Unrealized 0.0%

PGC PEAPACK-GLADSTONE FINL CORP 0.7%

Value ($000) $6,519 Shares 220,102 Est. Cost $35.58 Unrealized -2.6%

— AMERICAN NATL BANKSHARES INC 0.7%

Value ($000) $6,315 Shares 199,227 Est. Cost $35.14 Unrealized —

— INDEPENDENT BANK GROUP INC 0.7%

Value ($000) $6,264 Shares 135,135 Est. Cost $59.91 Unrealized —

MTB M & T BK CORP 0.7%

Value ($000) $5,853 Shares 48,951 Est. Cost $131.45 Unrealized 0.0%

GCMG GCM GROSVENOR INC 0.5%

Value ($000) $4,480 Shares 573,650 Est. Cost $7.36 Unrealized -1.2%

CADE CADENCE BANK 0.5%

Value ($000) $4,360 Shares 210,000 Est. Cost $22.42 Unrealized 0.0%

VCTR VICTORY CAP HLDGS INC 0.4%

Value ($000) $3,652 Shares 124,761 Est. Cost $27.83 Unrealized -0.7%

PIPR PIPER SANDLER COMPANIES 0.4%

Value ($000) $3,465 Shares 25,000 Est. Cost $142.52 Unrealized 0.0%

SF STIFEL FINL CORP 0.4%

Value ($000) $3,250 Shares 55,000 Est. Cost $59.54 Unrealized 0.0%

FIS FIDELITY NATL INFORMATION SV 0.3%

Value ($000) $2,988 Shares 55,000 Est. Cost $60.38 Unrealized 0.0%

CCNE CNB FINL CORP PA 0.1%

Value ($000) $1,258 Shares 65,528 Est. Cost $22.49 Unrealized -7.5%

RPAY REPAY HLDGS CORP 0.1%

Value ($000) $1,078 Shares 164,118 Est. Cost $8.23 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SYNOVUS FINL CORP	2,385,000	$73,530	8.2%	$35.58	—	COM NEW	87161C501
ABCB	AMERIS BANCORP	1,785,000	$65,295	7.3%	$46.19	-6.4%	COM	03076K108
SBCF	SEACOAST BKG CORP FLA	2,737,713	$64,884	7.3%	$31.63	-5.9%	COM NEW	811707801
GPN	GLOBAL PMTS INC	530,000	$55,777	6.2%	$104.13	+1.1%	COM	37940X102
IBOC	INTERNATIONAL BANCSHARES COR	1,289,463	$55,215	6.2%	$42.63	-1.1%	COM	459044103
WFC	WELLS FARGO CO NEW	1,400,000	$52,332	5.9%	$41.36	-2.2%	COM	949746101
CBOE	CBOE GLOBAL MKTS INC	342,850	$46,024	5.2%	$118.48	+2.8%	COM	12503M108
WTFC	WINTRUST FINL CORP	510,968	$37,275	4.2%	$87.18	-1.9%	COM	97650W108
C	CITIGROUP INC	775,000	$36,340	4.1%	$43.84	+1.0%	COM NEW	172967424
—	AVIDXCHANGE HOLDINGS INC	4,315,000	$33,657	3.8%	$9.26	—	COM	05368X102
QTWO	Q2 HLDGS INC	1,350,437	$33,248	3.7%	$35.94	-17.3%	COM	74736L109
BK	BANK NEW YORK MELLON CORP	712,438	$32,373	3.6%	$39.25	+14.0%	COM	064058100
AAMI	BRIGHTSPHERE INVT GROUP INC	1,206,187	$28,442	3.2%	$20.05	+16.8%	COM	10948W103
—	PINNACLE FINL PARTNERS INC	440,000	$24,270	2.7%	$78.30	—	COM	72346Q104
PNC	PNC FINL SVCS GROUP INC	190,000	$24,149	2.7%	$136.75	-1.6%	COM	693475105
CMA	COMERICA INC	515,000	$22,361	2.5%	$54.87	0.0%	COM	200340107
—	FIRST BANCSHARES INC MS	842,260	$21,756	2.4%	$29.07	—	COM	318916103
ACIW	ACI WORLDWIDE INC	753,665	$20,334	2.3%	$23.20	+14.1%	COM	004498101
HTH	HILLTOP HOLDINGS INC	579,599	$17,197	1.9%	$30.35	+4.0%	COM	432748101
USB	US BANCORP DEL	456,888	$16,471	1.8%	$36.71	+5.2%	COM NEW	902973304
FHN	FIRST HORIZON CORPORATION	800,000	$14,224	1.6%	$19.88	0.0%	COM	320517105
FITB	FIFTH THIRD BANCORP	519,163	$13,831	1.5%	$29.42	0.0%	COM	316773100
FCNCA	FIRST CTZNS BANCSHARES INC N	13,283	$12,926	1.4%	$734.82	0.0%	CL A	31946M103
TCBI	TEXAS CAP BANCSHARES INC	183,156	$8,967	1.0%	$58.01	+5.9%	COM	88224Q107
MYFW	FIRST WESTN FINL INC	430,000	$8,514	1.0%	$27.79	-11.1%	COM	33751L105
STT	STATE STR CORP	111,036	$8,404	0.9%	$66.23	+15.0%	COM	857477103
COLB	COLUMBIA BKG SYS INC	375,000	$8,033	0.9%	$23.29	0.0%	COM	197236102
GS	GOLDMAN SACHS GROUP INC	22,012	$7,200	0.8%	$323.64	0.0%	COM	38141G104
PGC	PEAPACK-GLADSTONE FINL CORP	220,102	$6,519	0.7%	$35.58	-2.6%	COM	704699107
—	AMERICAN NATL BANKSHARES INC	199,227	$6,315	0.7%	$35.14	—	COM	027745108
—	INDEPENDENT BANK GROUP INC	135,135	$6,264	0.7%	$59.91	—	COM	45384B106
MTB	M & T BK CORP	48,951	$5,853	0.7%	$131.45	0.0%	COM	55261F104
GCMG	GCM GROSVENOR INC	573,650	$4,480	0.5%	$7.36	-1.2%	COM CL A	36831E108
CADE	CADENCE BANK	210,000	$4,360	0.5%	$22.42	0.0%	COM	12740C103
VCTR	VICTORY CAP HLDGS INC	124,761	$3,652	0.4%	$27.83	-0.7%	COM CL A	92645B103
PIPR	PIPER SANDLER COMPANIES	25,000	$3,465	0.4%	$142.52	0.0%	COM	724078100
SF	STIFEL FINL CORP	55,000	$3,250	0.4%	$59.54	0.0%	COM	860630102
FIS	FIDELITY NATL INFORMATION SV	55,000	$2,988	0.3%	$60.38	0.0%	COM	31620M106
CCNE	CNB FINL CORP PA	65,528	$1,258	0.1%	$22.49	-7.5%	COM	126128107
RPAY	REPAY HLDGS CORP	164,118	$1,078	0.1%	$8.23	0.0%	COM CL A	76029L100