North Reef Capital Management LP Quant / Systematic

CIK: 0001867831 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 15, 2024

Total Value ($000): $1,918,592 (100.0% shares, 0.0% debt)

Holdings (44)

CBOE CBOE GLOBAL MKTS INC 8.8%

Value ($000) $168,113 Shares 915,000 Est. Cost $159.84 Unrealized +13.5%

FHN FIRST HORIZON CORPORATION 8.4%

Value ($000) $160,930 Shares 10,450,000 Est. Cost $12.25 Unrealized +9.9%

— PINNACLE FINL PARTNERS INC 7.3%

Value ($000) $140,843 Shares 1,640,000 Est. Cost $76.85 Unrealized —

TCBI TEXAS CAP BANCSHARES INC 7.2%

Value ($000) $137,872 Shares 2,240,000 Est. Cost $57.19 Unrealized +5.9%

WFC WELLS FARGO CO NEW 6.9%

Value ($000) $133,308 Shares 2,300,000 Est. Cost $44.76 Unrealized +12.0%

ABCB AMERIS BANCORP 5.9%

Value ($000) $112,484 Shares 2,325,000 Est. Cost $42.43 Unrealized +11.5%

— SYNOVUS FINL CORP 5.6%

Value ($000) $108,162 Shares 2,700,000 Est. Cost $32.24 Unrealized —

SBCF SEACOAST BKG CORP FLA 5.5%

Value ($000) $104,988 Shares 4,135,000 Est. Cost $28.26 Unrealized -10.9%

CMA COMERICA INC 5.4%

Value ($000) $103,656 Shares 1,885,000 Est. Cost $42.53 Unrealized +11.9%

IBOC INTERNATIONAL BANCSHARES COR 4.2%

Value ($000) $79,719 Shares 1,420,000 Est. Cost $43.65 Unrealized +15.9%

ACIW ACI WORLDWIDE INC 4.1%

Value ($000) $78,874 Shares 2,375,000 Est. Cost $24.60 Unrealized +25.5%

QTWO Q2 HLDGS INC 3.8%

Value ($000) $72,487 Shares 1,379,134 Est. Cost $33.77 Unrealized +33.8%

— AVIDXCHANGE HOLDINGS INC 3.8%

Value ($000) $72,325 Shares 5,500,000 Est. Cost $10.04 Unrealized —

TFC TRUIST FINL CORP 3.4%

Value ($000) $64,317 Shares 1,650,000 Est. Cost $27.15 Unrealized +23.0%

FIS FIDELITY NATL INFORMATION SV 2.8%

Value ($000) $53,781 Shares 725,000 Est. Cost $59.68 Unrealized +4.9%

— SANDY SPRING BANCORP INC 1.9%

Value ($000) $35,929 Shares 1,550,000 Est. Cost $23.04 Unrealized —

PIPR PIPER SANDLER COMPANIES 1.9%

Value ($000) $35,537 Shares 179,035 Est. Cost $141.20 Unrealized +29.5%

HTH HILLTOP HOLDINGS INC 1.5%

Value ($000) $29,020 Shares 926,572 Est. Cost $30.42 Unrealized +4.5%

— FIRST BANCSHARES INC MS 1.4%

Value ($000) $27,248 Shares 1,050,000 Est. Cost $28.43 Unrealized —

AAMI BRIGHTSPHERE INVT GROUP INC 1.3%

Value ($000) $25,769 Shares 1,128,247 Est. Cost $20.36 Unrealized +5.6%

BOH BANK HAWAII CORP 1.2%

Value ($000) $23,488 Shares 376,472 Est. Cost $50.10 Unrealized +15.6%

SF STIFEL FINL CORP 1.1%

Value ($000) $21,215 Shares 271,398 Est. Cost $59.65 Unrealized +19.6%

CBSH COMMERCE BANCSHARES INC 1.0%

Value ($000) $18,681 Shares 351,152 Est. Cost $42.57 Unrealized +7.6%

MKTX MARKETAXESS HLDGS INC 0.9%

Value ($000) $17,540 Shares 80,000 Est. Cost $228.96 Unrealized 0.0%

MQ MARQETA INC 0.6%

Value ($000) $11,920 Shares 2,000,000 Est. Cost $6.00 Unrealized +3.0%

BK BANK NEW YORK MELLON CORP 0.5%

Value ($000) $10,084 Shares 175,000 Est. Cost $52.67 Unrealized 0.0%

PGC PEAPACK-GLADSTONE FINL CORP 0.5%

Value ($000) $9,700 Shares 398,696 Est. Cost $30.58 Unrealized -17.6%

— NUVEI CORPORATION 0.4%

Value ($000) $8,379 Shares 265,000 Est. Cost $31.62 Unrealized —

COLB COLUMBIA BKG SYS INC 0.4%

Value ($000) $8,321 Shares 430,000 Est. Cost $18.38 Unrealized 0.0%

NTRS NORTHERN TR CORP 0.3%

Value ($000) $6,669 Shares 75,000 Est. Cost $69.13 Unrealized +11.9%

MYFW FIRST WESTN FINL INC 0.3%

Value ($000) $5,859 Shares 401,832 Est. Cost $27.08 Unrealized -41.8%

VCTR VICTORY CAP HLDGS INC 0.3%

Value ($000) $5,614 Shares 132,308 Est. Cost $28.00 Unrealized +24.3%

USB US BANCORP DEL 0.2%

Value ($000) $4,470 Shares 100,000 Est. Cost $33.10 Unrealized +16.7%

— VERITEX HLDGS INC 0.2%

Value ($000) $4,098 Shares 200,000 Est. Cost $20.49 Unrealized —

SCHW SCHWAB CHARLES CORP 0.2%

Value ($000) $3,617 Shares 50,000 Est. Cost $64.26 Unrealized 0.0%

FSBC FIVE STAR BANCORP 0.2%

Value ($000) $3,475 Shares 154,453 Est. Cost $22.59 Unrealized 0.0%

BMRC BANK MARIN BANCORP 0.1%

Value ($000) $2,524 Shares 150,495 Est. Cost $17.02 Unrealized -2.5%

FOUR SHIFT4 PMTS INC 0.1%

Value ($000) $1,652 Shares 25,000 Est. Cost $59.65 Unrealized +26.1%

GCMG GCM GROSVENOR INC 0.1%

Value ($000) $1,546 Shares 160,000 Est. Cost $7.36 Unrealized +9.6%

CFR CULLEN FROST BANKERS INC 0.1%

Value ($000) $1,126 Shares 10,000 Est. Cost $100.64 Unrealized 0.0%

— MERIDIANLINK INC 0.1%

Value ($000) $1,028 Shares 54,997 Est. Cost $18.70 Unrealized —

AMTB AMERANT BANCORP INC 0.0%

Value ($000) $884 Shares 37,972 Est. Cost $21.76 Unrealized 0.0%

FFIC FLUSHING FINL CORP 0.0%

Value ($000) $749 Shares 59,427 Est. Cost $12.45 Unrealized 0.0%

CPF CENTRAL PAC FINL CORP 0.0%

Value ($000) $593 Shares 30,000 Est. Cost $15.62 Unrealized +13.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBOE	CBOE GLOBAL MKTS INC	915,000	$168,113	8.8%	$159.84	+13.5%	COM	12503M108
FHN	FIRST HORIZON CORPORATION	10,450,000	$160,930	8.4%	$12.25	+9.9%	COM	320517105
—	PINNACLE FINL PARTNERS INC	1,640,000	$140,843	7.3%	$76.85	—	COM	72346Q104
TCBI	TEXAS CAP BANCSHARES INC	2,240,000	$137,872	7.2%	$57.19	+5.9%	COM	88224Q107
WFC	WELLS FARGO CO NEW	2,300,000	$133,308	6.9%	$44.76	+12.0%	COM	949746101
ABCB	AMERIS BANCORP	2,325,000	$112,484	5.9%	$42.43	+11.5%	COM	03076K108
—	SYNOVUS FINL CORP	2,700,000	$108,162	5.6%	$32.24	—	COM NEW	87161C501
SBCF	SEACOAST BKG CORP FLA	4,135,000	$104,988	5.5%	$28.26	-10.9%	COM NEW	811707801
CMA	COMERICA INC	1,885,000	$103,656	5.4%	$42.53	+11.9%	COM	200340107
IBOC	INTERNATIONAL BANCSHARES COR	1,420,000	$79,719	4.2%	$43.65	+15.9%	COM	459044103
ACIW	ACI WORLDWIDE INC	2,375,000	$78,874	4.1%	$24.60	+25.5%	COM	004498101
QTWO	Q2 HLDGS INC	1,379,134	$72,487	3.8%	$33.77	+33.8%	COM	74736L109
—	AVIDXCHANGE HOLDINGS INC	5,500,000	$72,325	3.8%	$10.04	—	COM	05368X102
TFC	TRUIST FINL CORP	1,650,000	$64,317	3.4%	$27.15	+23.0%	COM	89832Q109
FIS	FIDELITY NATL INFORMATION SV	725,000	$53,781	2.8%	$59.68	+4.9%	COM	31620M106
—	SANDY SPRING BANCORP INC	1,550,000	$35,929	1.9%	$23.04	—	COM	800363103
PIPR	PIPER SANDLER COMPANIES	179,035	$35,537	1.9%	$141.20	+29.5%	COM	724078100
HTH	HILLTOP HOLDINGS INC	926,572	$29,020	1.5%	$30.42	+4.5%	COM	432748101
—	FIRST BANCSHARES INC MS	1,050,000	$27,248	1.4%	$28.43	—	COM	318916103
AAMI	BRIGHTSPHERE INVT GROUP INC	1,128,247	$25,769	1.3%	$20.36	+5.6%	COM	10948W103
BOH	BANK HAWAII CORP	376,472	$23,488	1.2%	$50.10	+15.6%	COM	062540109
SF	STIFEL FINL CORP	271,398	$21,215	1.1%	$59.65	+19.6%	COM	860630102
CBSH	COMMERCE BANCSHARES INC	351,152	$18,681	1.0%	$42.57	+7.6%	COM	200525103
MKTX	MARKETAXESS HLDGS INC	80,000	$17,540	0.9%	$228.96	0.0%	COM	57060D108
MQ	MARQETA INC	2,000,000	$11,920	0.6%	$6.00	+3.0%	CLASS A COM	57142B104
BK	BANK NEW YORK MELLON CORP	175,000	$10,084	0.5%	$52.67	0.0%	COM	064058100
PGC	PEAPACK-GLADSTONE FINL CORP	398,696	$9,700	0.5%	$30.58	-17.6%	COM	704699107
—	NUVEI CORPORATION	265,000	$8,379	0.4%	$31.62	—	SUB VTG SHS	67079A102
COLB	COLUMBIA BKG SYS INC	430,000	$8,321	0.4%	$18.38	0.0%	COM	197236102
NTRS	NORTHERN TR CORP	75,000	$6,669	0.3%	$69.13	+11.9%	COM	665859104
MYFW	FIRST WESTN FINL INC	401,832	$5,859	0.3%	$27.08	-41.8%	COM	33751L105
VCTR	VICTORY CAP HLDGS INC	132,308	$5,614	0.3%	$28.00	+24.3%	COM CL A	92645B103
USB	US BANCORP DEL	100,000	$4,470	0.2%	$33.10	+16.7%	COM NEW	902973304
—	VERITEX HLDGS INC	200,000	$4,098	0.2%	$20.49	—	COM	923451108
SCHW	SCHWAB CHARLES CORP	50,000	$3,617	0.2%	$64.26	0.0%	COM	808513105
FSBC	FIVE STAR BANCORP	154,453	$3,475	0.2%	$22.59	0.0%	COM	33830T103
BMRC	BANK MARIN BANCORP	150,495	$2,524	0.1%	$17.02	-2.5%	COM	063425102
FOUR	SHIFT4 PMTS INC	25,000	$1,652	0.1%	$59.65	+26.1%	CL A	82452J109
GCMG	GCM GROSVENOR INC	160,000	$1,546	0.1%	$7.36	+9.6%	COM CL A	36831E108
CFR	CULLEN FROST BANKERS INC	10,000	$1,126	0.1%	$100.64	0.0%	COM	229899109
—	MERIDIANLINK INC	54,997	$1,028	0.1%	$18.70	—	COMMON STOCK	58985J105
AMTB	AMERANT BANCORP INC	37,972	$884	0.0%	$21.76	0.0%	CL A	023576101
FFIC	FLUSHING FINL CORP	59,427	$749	0.0%	$12.45	0.0%	COM	343873105
CPF	CENTRAL PAC FINL CORP	30,000	$593	0.0%	$15.62	+13.4%	COM NEW	154760409