North Reef Capital Management LP Quant / Systematic

CIK: 0001867831 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 13, 2023

Total Value ($000): $1,584,268 (100.0% shares, 0.0% debt)

Holdings (44)

— SYNOVUS FINL CORP 7.9%

Value ($000) $124,683 Shares 4,485,000 Est. Cost $32.24 Unrealized —

CMA COMERICA INC 7.6%

Value ($000) $119,664 Shares 2,880,000 Est. Cost $40.76 Unrealized +3.0%

FHN FIRST HORIZON CORPORATION 6.2%

Value ($000) $98,078 Shares 8,900,000 Est. Cost $12.36 Unrealized -8.2%

WFC WELLS FARGO CO NEW 5.9%

Value ($000) $93,978 Shares 2,300,000 Est. Cost $40.78 Unrealized -0.2%

TCBI TEXAS CAP BANCSHARES INC 5.4%

Value ($000) $85,405 Shares 1,450,000 Est. Cost $56.19 Unrealized +7.7%

SBCF SEACOAST BKG CORP FLA 5.3%

Value ($000) $83,997 Shares 3,825,000 Est. Cost $28.64 Unrealized -18.2%

ABCB AMERIS BANCORP 4.8%

Value ($000) $75,935 Shares 1,978,000 Est. Cost $42.31 Unrealized -8.8%

HTH HILLTOP HOLDINGS INC 4.5%

Value ($000) $71,609 Shares 2,525,000 Est. Cost $30.42 Unrealized -0.8%

IBOC INTERNATIONAL BANCSHARES COR 4.5%

Value ($000) $71,511 Shares 1,650,000 Est. Cost $42.25 Unrealized +1.8%

TFC TRUIST FINL CORP 4.2%

Value ($000) $66,804 Shares 2,335,000 Est. Cost $27.15 Unrealized 0.0%

QTWO Q2 HLDGS INC 4.2%

Value ($000) $66,799 Shares 2,070,000 Est. Cost $33.77 Unrealized -1.9%

ACIW ACI WORLDWIDE INC 4.1%

Value ($000) $64,183 Shares 2,845,000 Est. Cost $23.75 Unrealized -1.6%

— PINNACLE FINL PARTNERS INC 3.9%

Value ($000) $61,014 Shares 910,108 Est. Cost $68.54 Unrealized —

WTFC WINTRUST FINL CORP 3.3%

Value ($000) $52,041 Shares 689,287 Est. Cost $80.22 Unrealized -1.9%

CBOE CBOE GLOBAL MKTS INC 3.2%

Value ($000) $49,987 Shares 320,000 Est. Cost $126.13 Unrealized +14.0%

— AVIDXCHANGE HOLDINGS INC 2.7%

Value ($000) $42,755 Shares 4,510,000 Est. Cost $9.35 Unrealized —

PNC PNC FINL SVCS GROUP INC 2.4%

Value ($000) $38,059 Shares 310,000 Est. Cost $120.69 Unrealized -4.6%

SCHW SCHWAB CHARLES CORP 2.3%

Value ($000) $35,960 Shares 655,000 Est. Cost $51.69 Unrealized +13.1%

PIPR PIPER SANDLER COMPANIES 2.2%

Value ($000) $35,601 Shares 245,000 Est. Cost $140.46 Unrealized +2.9%

AAMI BRIGHTSPHERE INVT GROUP INC 2.1%

Value ($000) $32,963 Shares 1,700,000 Est. Cost $20.64 Unrealized -0.2%

— FIRST BANCSHARES INC MS 1.9%

Value ($000) $29,850 Shares 1,106,781 Est. Cost $28.32 Unrealized —

CADE CADENCE BANK 1.6%

Value ($000) $25,259 Shares 1,190,350 Est. Cost $18.61 Unrealized +11.7%

C CITIGROUP INC 1.6%

Value ($000) $24,678 Shares 600,000 Est. Cost $40.46 Unrealized 0.0%

V VISA INC 1.2%

Value ($000) $18,401 Shares 80,000 Est. Cost $236.17 Unrealized 0.0%

SF STIFEL FINL CORP 0.9%

Value ($000) $14,746 Shares 240,000 Est. Cost $59.73 Unrealized +1.0%

FIS FIDELITY NATL INFORMATION SV 0.9%

Value ($000) $13,541 Shares 245,000 Est. Cost $53.84 Unrealized +1.0%

BK BANK NEW YORK MELLON CORP 0.8%

Value ($000) $13,435 Shares 315,000 Est. Cost $39.41 Unrealized +6.1%

PGC PEAPACK-GLADSTONE FINL CORP 0.8%

Value ($000) $12,825 Shares 500,000 Est. Cost $30.82 Unrealized -11.9%

BAC BANK AMERICA CORP 0.6%

Value ($000) $10,268 Shares 375,000 Est. Cost $27.82 Unrealized 0.0%

— SANDY SPRING BANCORP INC 0.6%

Value ($000) $9,319 Shares 434,880 Est. Cost $21.43 Unrealized —

BOH BANK HAWAII CORP 0.5%

Value ($000) $8,479 Shares 170,637 Est. Cost $45.82 Unrealized 0.0%

MYFW FIRST WESTN FINL INC 0.5%

Value ($000) $8,427 Shares 464,305 Est. Cost $27.08 Unrealized -26.9%

STT STATE STR CORP 0.3%

Value ($000) $4,687 Shares 70,000 Est. Cost $64.89 Unrealized 0.0%

VCTR VICTORY CAP HLDGS INC 0.3%

Value ($000) $4,204 Shares 126,081 Est. Cost $27.91 Unrealized +10.8%

GCMG GCM GROSVENOR INC 0.2%

Value ($000) $2,871 Shares 370,000 Est. Cost $7.36 Unrealized -4.7%

AUB ATLANTIC UN BANKSHARES CORP 0.2%

Value ($000) $2,378 Shares 82,628 Est. Cost $26.82 Unrealized 0.0%

MQ MARQETA INC 0.1%

Value ($000) $2,093 Shares 350,000 Est. Cost $5.67 Unrealized 0.0%

RPAY REPAY HLDGS CORP 0.1%

Value ($000) $1,538 Shares 202,662 Est. Cost $7.98 Unrealized +4.4%

CCNE CNB FINL CORP PA 0.1%

Value ($000) $1,471 Shares 81,244 Est. Cost $21.34 Unrealized -19.4%

— CAPSTAR FINL HLDGS INC 0.1%

Value ($000) $1,347 Shares 94,901 Est. Cost $14.19 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.1%

Value ($000) $1,100 Shares 10,000 Est. Cost $111.18 Unrealized 0.0%

BMRC BANK MARIN BANCORP 0.1%

Value ($000) $1,005 Shares 55,000 Est. Cost $17.07 Unrealized 0.0%

MKTX MARKETAXESS HLDGS INC 0.1%

Value ($000) $855 Shares 4,000 Est. Cost $233.55 Unrealized 0.0%

CPF CENTRAL PAC FINL CORP 0.0%

Value ($000) $465 Shares 27,884 Est. Cost $15.34 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	SYNOVUS FINL CORP	4,485,000	$124,683	7.9%	$32.24	—	COM NEW	87161C501
CMA	COMERICA INC	2,880,000	$119,664	7.6%	$40.76	+3.0%	COM	200340107
FHN	FIRST HORIZON CORPORATION	8,900,000	$98,078	6.2%	$12.36	-8.2%	COM	320517105
WFC	WELLS FARGO CO NEW	2,300,000	$93,978	5.9%	$40.78	-0.2%	COM	949746101
TCBI	TEXAS CAP BANCSHARES INC	1,450,000	$85,405	5.4%	$56.19	+7.7%	COM	88224Q107
SBCF	SEACOAST BKG CORP FLA	3,825,000	$83,997	5.3%	$28.64	-18.2%	COM NEW	811707801
ABCB	AMERIS BANCORP	1,978,000	$75,935	4.8%	$42.31	-8.8%	COM	03076K108
HTH	HILLTOP HOLDINGS INC	2,525,000	$71,609	4.5%	$30.42	-0.8%	COM	432748101
IBOC	INTERNATIONAL BANCSHARES COR	1,650,000	$71,511	4.5%	$42.25	+1.8%	COM	459044103
TFC	TRUIST FINL CORP	2,335,000	$66,804	4.2%	$27.15	0.0%	COM	89832Q109
QTWO	Q2 HLDGS INC	2,070,000	$66,799	4.2%	$33.77	-1.9%	COM	74736L109
ACIW	ACI WORLDWIDE INC	2,845,000	$64,183	4.1%	$23.75	-1.6%	COM	004498101
—	PINNACLE FINL PARTNERS INC	910,108	$61,014	3.9%	$68.54	—	COM	72346Q104
WTFC	WINTRUST FINL CORP	689,287	$52,041	3.3%	$80.22	-1.9%	COM	97650W108
CBOE	CBOE GLOBAL MKTS INC	320,000	$49,987	3.2%	$126.13	+14.0%	COM	12503M108
—	AVIDXCHANGE HOLDINGS INC	4,510,000	$42,755	2.7%	$9.35	—	COM	05368X102
PNC	PNC FINL SVCS GROUP INC	310,000	$38,059	2.4%	$120.69	-4.6%	COM	693475105
SCHW	SCHWAB CHARLES CORP	655,000	$35,960	2.3%	$51.69	+13.1%	COM	808513105
PIPR	PIPER SANDLER COMPANIES	245,000	$35,601	2.2%	$140.46	+2.9%	COM	724078100
AAMI	BRIGHTSPHERE INVT GROUP INC	1,700,000	$32,963	2.1%	$20.64	-0.2%	COM	10948W103
—	FIRST BANCSHARES INC MS	1,106,781	$29,850	1.9%	$28.32	—	COM	318916103
CADE	CADENCE BANK	1,190,350	$25,259	1.6%	$18.61	+11.7%	COM	12740C103
C	CITIGROUP INC	600,000	$24,678	1.6%	$40.46	0.0%	COM NEW	172967424
V	VISA INC	80,000	$18,401	1.2%	$236.17	0.0%	COM CL A	92826C839
SF	STIFEL FINL CORP	240,000	$14,746	0.9%	$59.73	+1.0%	COM	860630102
FIS	FIDELITY NATL INFORMATION SV	245,000	$13,541	0.9%	$53.84	+1.0%	COM	31620M106
BK	BANK NEW YORK MELLON CORP	315,000	$13,435	0.8%	$39.41	+6.1%	COM	064058100
PGC	PEAPACK-GLADSTONE FINL CORP	500,000	$12,825	0.8%	$30.82	-11.9%	COM	704699107
BAC	BANK AMERICA CORP	375,000	$10,268	0.6%	$27.82	0.0%	COM	060505104
—	SANDY SPRING BANCORP INC	434,880	$9,319	0.6%	$21.43	—	COM	800363103
BOH	BANK HAWAII CORP	170,637	$8,479	0.5%	$45.82	0.0%	COM	062540109
MYFW	FIRST WESTN FINL INC	464,305	$8,427	0.5%	$27.08	-26.9%	COM	33751L105
STT	STATE STR CORP	70,000	$4,687	0.3%	$64.89	0.0%	COM	857477103
VCTR	VICTORY CAP HLDGS INC	126,081	$4,204	0.3%	$27.91	+10.8%	COM CL A	92645B103
GCMG	GCM GROSVENOR INC	370,000	$2,871	0.2%	$7.36	-4.7%	COM CL A	36831E108
AUB	ATLANTIC UN BANKSHARES CORP	82,628	$2,378	0.2%	$26.82	0.0%	COM	04911A107
MQ	MARQETA INC	350,000	$2,093	0.1%	$5.67	0.0%	CLASS A COM	57142B104
RPAY	REPAY HLDGS CORP	202,662	$1,538	0.1%	$7.98	+4.4%	COM CL A	76029L100
CCNE	CNB FINL CORP PA	81,244	$1,471	0.1%	$21.34	-19.4%	COM	126128107
—	CAPSTAR FINL HLDGS INC	94,901	$1,347	0.1%	$14.19	—	COM	14070T102
ICE	INTERCONTINENTAL EXCHANGE IN	10,000	$1,100	0.1%	$111.18	0.0%	COM	45866F104
BMRC	BANK MARIN BANCORP	55,000	$1,005	0.1%	$17.07	0.0%	COM	063425102
MKTX	MARKETAXESS HLDGS INC	4,000	$855	0.1%	$233.55	0.0%	COM	57060D108
CPF	CENTRAL PAC FINL CORP	27,884	$465	0.0%	$15.34	0.0%	COM NEW	154760409