North Reef Capital Management LP Quant / Systematic

CIK: 0001867831 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $1,717,211 (100.0% shares, 0.0% debt)

Holdings (36)

FHN FIRST HORIZON CORPORATION 8.4%

Value ($000) $143,901 Shares 10,162,500 Est. Cost $12.21 Unrealized -8.5%

— PINNACLE FINL PARTNERS INC 8.3%

Value ($000) $143,041 Shares 1,640,000 Est. Cost $76.85 Unrealized —

— SYNOVUS FINL CORP 7.5%

Value ($000) $128,387 Shares 3,410,000 Est. Cost $32.24 Unrealized —

TCBI TEXAS CAP BANCSHARES INC 7.0%

Value ($000) $120,131 Shares 1,858,750 Est. Cost $56.50 Unrealized +1.9%

ABCB AMERIS BANCORP 6.9%

Value ($000) $118,471 Shares 2,233,203 Est. Cost $42.23 Unrealized -1.3%

SBCF SEACOAST BKG CORP FLA 6.8%

Value ($000) $117,540 Shares 4,130,000 Est. Cost $28.26 Unrealized -16.7%

CBOE CBOE GLOBAL MKTS INC 4.9%

Value ($000) $84,852 Shares 475,200 Est. Cost $139.82 Unrealized +20.2%

CMA COMERICA INC 4.5%

Value ($000) $77,925 Shares 1,396,250 Est. Cost $40.76 Unrealized -0.2%

TFC TRUIST FINL CORP 4.3%

Value ($000) $73,840 Shares 2,000,000 Est. Cost $27.15 Unrealized +3.9%

QTWO Q2 HLDGS INC 4.2%

Value ($000) $72,712 Shares 1,675,000 Est. Cost $33.77 Unrealized +5.2%

WFC WELLS FARGO CO NEW 3.8%

Value ($000) $64,970 Shares 1,320,000 Est. Cost $40.78 Unrealized +0.6%

IBOC INTERNATIONAL BANCSHARES COR 3.7%

Value ($000) $64,166 Shares 1,181,250 Est. Cost $42.25 Unrealized +4.0%

ACIW ACI WORLDWIDE INC 3.7%

Value ($000) $64,015 Shares 2,091,993 Est. Cost $23.75 Unrealized +5.4%

HTH HILLTOP HOLDINGS INC 3.6%

Value ($000) $61,882 Shares 1,757,500 Est. Cost $30.42 Unrealized -0.7%

— AVIDXCHANGE HOLDINGS INC 3.2%

Value ($000) $55,728 Shares 4,497,800 Est. Cost $9.35 Unrealized —

PIPR PIPER SANDLER COMPANIES 2.7%

Value ($000) $45,728 Shares 261,496 Est. Cost $141.20 Unrealized +7.8%

— FIRST BANCSHARES INC MS 2.1%

Value ($000) $36,340 Shares 1,238,991 Est. Cost $28.43 Unrealized —

AAMI BRIGHTSPHERE INVT GROUP INC 2.1%

Value ($000) $35,939 Shares 1,875,725 Est. Cost $20.36 Unrealized -13.5%

NTRS NORTHERN TR CORP 1.5%

Value ($000) $25,154 Shares 298,107 Est. Cost $69.13 Unrealized 0.0%

C CITIGROUP INC 1.4%

Value ($000) $24,213 Shares 470,700 Est. Cost $40.46 Unrealized +2.2%

BOH BANK HAWAII CORP 1.3%

Value ($000) $22,856 Shares 315,428 Est. Cost $48.59 Unrealized +6.7%

SF STIFEL FINL CORP 1.1%

Value ($000) $19,743 Shares 285,509 Est. Cost $59.65 Unrealized -0.6%

— SANDY SPRING BANCORP INC 0.9%

Value ($000) $15,481 Shares 568,301 Est. Cost $22.79 Unrealized —

USB US BANCORP DEL 0.9%

Value ($000) $15,148 Shares 349,995 Est. Cost $33.10 Unrealized 0.0%

FIS FIDELITY NATL INFORMATION SV 0.8%

Value ($000) $14,452 Shares 240,580 Est. Cost $53.84 Unrealized -2.8%

CBSH COMMERCE BANCSHARES INC 0.8%

Value ($000) $13,967 Shares 261,500 Est. Cost $41.46 Unrealized 0.0%

PGC PEAPACK-GLADSTONE FINL CORP 0.7%

Value ($000) $11,389 Shares 381,914 Est. Cost $30.82 Unrealized -17.0%

FOUR SHIFT4 PMTS INC 0.6%

Value ($000) $9,753 Shares 131,189 Est. Cost $59.65 Unrealized 0.0%

MQ MARQETA INC 0.5%

Value ($000) $8,944 Shares 1,281,405 Est. Cost $5.90 Unrealized +1.5%

MYFW FIRST WESTN FINL INC 0.5%

Value ($000) $8,794 Shares 443,491 Est. Cost $27.08 Unrealized -37.7%

WTFC WINTRUST FINL CORP 0.4%

Value ($000) $6,493 Shares 70,000 Est. Cost $80.22 Unrealized +3.1%

VCTR VICTORY CAP HLDGS INC 0.3%

Value ($000) $4,542 Shares 131,875 Est. Cost $28.00 Unrealized +6.9%

BMRC BANK MARIN BANCORP 0.2%

Value ($000) $2,601 Shares 118,141 Est. Cost $17.13 Unrealized +0.3%

GCMG GCM GROSVENOR INC 0.1%

Value ($000) $2,423 Shares 270,456 Est. Cost $7.36 Unrealized +3.6%

CPF CENTRAL PAC FINL CORP 0.1%

Value ($000) $986 Shares 50,077 Est. Cost $15.62 Unrealized +2.3%

CCNE CNB FINL CORP PA 0.0%

Value ($000) $709 Shares 31,376 Est. Cost $21.34 Unrealized -12.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FHN	FIRST HORIZON CORPORATION	10,162,500	$143,901	8.4%	$12.21	-8.5%	COM	320517105
—	PINNACLE FINL PARTNERS INC	1,640,000	$143,041	8.3%	$76.85	—	COM	72346Q104
—	SYNOVUS FINL CORP	3,410,000	$128,387	7.5%	$32.24	—	COM NEW	87161C501
TCBI	TEXAS CAP BANCSHARES INC	1,858,750	$120,131	7.0%	$56.50	+1.9%	COM	88224Q107
ABCB	AMERIS BANCORP	2,233,203	$118,471	6.9%	$42.23	-1.3%	COM	03076K108
SBCF	SEACOAST BKG CORP FLA	4,130,000	$117,540	6.8%	$28.26	-16.7%	COM NEW	811707801
CBOE	CBOE GLOBAL MKTS INC	475,200	$84,852	4.9%	$139.82	+20.2%	COM	12503M108
CMA	COMERICA INC	1,396,250	$77,925	4.5%	$40.76	-0.2%	COM	200340107
TFC	TRUIST FINL CORP	2,000,000	$73,840	4.3%	$27.15	+3.9%	COM	89832Q109
QTWO	Q2 HLDGS INC	1,675,000	$72,712	4.2%	$33.77	+5.2%	COM	74736L109
WFC	WELLS FARGO CO NEW	1,320,000	$64,970	3.8%	$40.78	+0.6%	COM	949746101
IBOC	INTERNATIONAL BANCSHARES COR	1,181,250	$64,166	3.7%	$42.25	+4.0%	COM	459044103
ACIW	ACI WORLDWIDE INC	2,091,993	$64,015	3.7%	$23.75	+5.4%	COM	004498101
HTH	HILLTOP HOLDINGS INC	1,757,500	$61,882	3.6%	$30.42	-0.7%	COM	432748101
—	AVIDXCHANGE HOLDINGS INC	4,497,800	$55,728	3.2%	$9.35	—	COM	05368X102
PIPR	PIPER SANDLER COMPANIES	261,496	$45,728	2.7%	$141.20	+7.8%	COM	724078100
—	FIRST BANCSHARES INC MS	1,238,991	$36,340	2.1%	$28.43	—	COM	318916103
AAMI	BRIGHTSPHERE INVT GROUP INC	1,875,725	$35,939	2.1%	$20.36	-13.5%	COM	10948W103
NTRS	NORTHERN TR CORP	298,107	$25,154	1.5%	$69.13	0.0%	COM	665859104
C	CITIGROUP INC	470,700	$24,213	1.4%	$40.46	+2.2%	COM NEW	172967424
BOH	BANK HAWAII CORP	315,428	$22,856	1.3%	$48.59	+6.7%	COM	062540109
SF	STIFEL FINL CORP	285,509	$19,743	1.1%	$59.65	-0.6%	COM	860630102
—	SANDY SPRING BANCORP INC	568,301	$15,481	0.9%	$22.79	—	COM	800363103
USB	US BANCORP DEL	349,995	$15,148	0.9%	$33.10	0.0%	COM NEW	902973304
FIS	FIDELITY NATL INFORMATION SV	240,580	$14,452	0.8%	$53.84	-2.8%	COM	31620M106
CBSH	COMMERCE BANCSHARES INC	261,500	$13,967	0.8%	$41.46	0.0%	COM	200525103
PGC	PEAPACK-GLADSTONE FINL CORP	381,914	$11,389	0.7%	$30.82	-17.0%	COM	704699107
FOUR	SHIFT4 PMTS INC	131,189	$9,753	0.6%	$59.65	0.0%	CL A	82452J109
MQ	MARQETA INC	1,281,405	$8,944	0.5%	$5.90	+1.5%	CLASS A COM	57142B104
MYFW	FIRST WESTN FINL INC	443,491	$8,794	0.5%	$27.08	-37.7%	COM	33751L105
WTFC	WINTRUST FINL CORP	70,000	$6,493	0.4%	$80.22	+3.1%	COM	97650W108
VCTR	VICTORY CAP HLDGS INC	131,875	$4,542	0.3%	$28.00	+6.9%	COM CL A	92645B103
BMRC	BANK MARIN BANCORP	118,141	$2,601	0.2%	$17.13	+0.3%	COM	063425102
GCMG	GCM GROSVENOR INC	270,456	$2,423	0.1%	$7.36	+3.6%	COM CL A	36831E108
CPF	CENTRAL PAC FINL CORP	50,077	$986	0.1%	$15.62	+2.3%	COM NEW	154760409
CCNE	CNB FINL CORP PA	31,376	$709	0.0%	$21.34	-12.2%	COM	126128107