North Reef Capital Management LP Quant / Systematic

CIK: 0001867831 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 14, 2025

Total Value ($000): $2,227,816 (100.0% shares, 0.0% debt)

Holdings (41)

CMA COMERICA INC 11.2%

Value ($000) $250,493 Shares 4,050,000 Est. Cost $48.65 Unrealized +26.9%

FHN FIRST HORIZON CORPORATION 10.9%

Value ($000) $242,123 Shares 12,022,000 Est. Cost $12.60 Unrealized +44.2%

— PINNACLE FINL PARTNERS INC 10.0%

Value ($000) $221,917 Shares 1,940,000 Est. Cost $90.49 Unrealized —

ABCB AMERIS BANCORP 7.1%

Value ($000) $158,490 Shares 2,533,000 Est. Cost $44.25 Unrealized +45.9%

WFC WELLS FARGO CO NEW 6.7%

Value ($000) $149,260 Shares 2,125,000 Est. Cost $57.70 Unrealized +15.5%

— SYNOVUS FINL CORP 5.3%

Value ($000) $118,905 Shares 2,321,000 Est. Cost $35.88 Unrealized —

SBCF SEACOAST BKG CORP FLA 5.2%

Value ($000) $116,452 Shares 4,230,000 Est. Cost $28.18 Unrealized -0.1%

ACIW ACI WORLDWIDE INC 5.0%

Value ($000) $111,139 Shares 2,141,000 Est. Cost $29.02 Unrealized +83.3%

GPN GLOBAL PMTS INC 4.4%

Value ($000) $98,837 Shares 881,999 Est. Cost $104.55 Unrealized +3.2%

— AVIDXCHANGE HOLDINGS INC 3.7%

Value ($000) $82,658 Shares 7,994,000 Est. Cost $9.89 Unrealized —

AUB ATLANTIC UN BANKSHARES CORP 3.5%

Value ($000) $78,942 Shares 2,083,999 Est. Cost $37.49 Unrealized 0.0%

QTWO Q2 HLDGS INC 3.5%

Value ($000) $78,526 Shares 780,189 Est. Cost $33.77 Unrealized +181.3%

TCBI TEXAS CAP BANCSHARES INC 3.3%

Value ($000) $72,604 Shares 928,439 Est. Cost $57.19 Unrealized +41.7%

MKTX MARKETAXESS HLDGS INC 2.8%

Value ($000) $61,329 Shares 271,318 Est. Cost $230.28 Unrealized +11.8%

CME CME GROUP INC 1.9%

Value ($000) $42,861 Shares 184,561 Est. Cost $196.43 Unrealized +11.8%

FLYW FLYWIRE CORPORATION 1.5%

Value ($000) $33,794 Shares 1,638,914 Est. Cost $17.87 Unrealized +9.4%

MQ MARQETA INC 1.3%

Value ($000) $29,513 Shares 7,786,999 Est. Cost $5.05 Unrealized -13.0%

PB PROSPERITY BANCSHARES INC 1.3%

Value ($000) $29,211 Shares 387,670 Est. Cost $74.22 Unrealized 0.0%

SCHW SCHWAB CHARLES CORP 1.2%

Value ($000) $27,754 Shares 374,999 Est. Cost $66.41 Unrealized +11.2%

FFWM FIRST FNDTN INC 1.2%

Value ($000) $27,242 Shares 4,386,861 Est. Cost $6.93 Unrealized +4.2%

PIPR PIPER SANDLER COMPANIES 1.1%

Value ($000) $25,600 Shares 85,348 Est. Cost $143.25 Unrealized +117.3%

EGBN EAGLE BANCORP INC MD 1.1%

Value ($000) $25,186 Shares 967,593 Est. Cost $24.43 Unrealized +6.9%

CBSH COMMERCE BANCSHARES INC 0.9%

Value ($000) $19,955 Shares 320,246 Est. Cost $42.57 Unrealized +38.7%

BOH BANK HAWAII CORP 0.9%

Value ($000) $19,591 Shares 275,000 Est. Cost $51.75 Unrealized +32.7%

AAMI BRIGHTSPHERE INVT GROUP INC 0.6%

Value ($000) $13,829 Shares 525,000 Est. Cost $20.36 Unrealized +37.6%

FOUR SHIFT4 PMTS INC 0.6%

Value ($000) $12,972 Shares 124,998 Est. Cost $99.28 Unrealized 0.0%

WAL WESTERN ALLIANCE BANCORP 0.6%

Value ($000) $12,531 Shares 150,000 Est. Cost $85.75 Unrealized 0.0%

CRMT AMERICAS CAR-MART INC 0.5%

Value ($000) $11,634 Shares 227,000 Est. Cost $57.09 Unrealized -20.2%

BMRC BANK MARIN BANCORP 0.5%

Value ($000) $11,195 Shares 470,956 Est. Cost $19.19 Unrealized +16.4%

MYFW FIRST WESTN FINL INC 0.3%

Value ($000) $6,108 Shares 312,423 Est. Cost $26.75 Unrealized -23.5%

HTH HILLTOP HOLDINGS INC 0.3%

Value ($000) $5,685 Shares 198,575 Est. Cost $30.41 Unrealized +2.7%

VYX NCR VOYIX CORPORATION 0.2%

Value ($000) $5,553 Shares 401,200 Est. Cost $13.78 Unrealized +0.7%

CPF CENTRAL PAC FINL CORP 0.2%

Value ($000) $5,478 Shares 188,558 Est. Cost $27.38 Unrealized +4.1%

ALKT ALKAMI TECHNOLOGY INC 0.2%

Value ($000) $5,114 Shares 139,416 Est. Cost $29.22 Unrealized +27.8%

AMG AFFILIATED MANAGERS GROUP IN 0.2%

Value ($000) $5,064 Shares 27,386 Est. Cost $186.57 Unrealized 0.0%

FSBC FIVE STAR BANCORP 0.2%

Value ($000) $3,350 Shares 111,320 Est. Cost $22.59 Unrealized +34.0%

MPB MID PENN BANCORP INC 0.1%

Value ($000) $2,336 Shares 81,000 Est. Cost $29.73 Unrealized 0.0%

RPAY REPAY HLDGS CORP 0.1%

Value ($000) $2,142 Shares 280,684 Est. Cost $10.22 Unrealized -21.8%

IIIV I3 VERTICALS INC 0.0%

Value ($000) $1,061 Shares 46,069 Est. Cost $21.09 Unrealized +11.2%

BILL BILL HOLDINGS INC 0.0%

Value ($000) $800 Shares 9,442 Est. Cost $56.59 Unrealized +31.8%

FCFS FIRSTCASH HOLDINGS INC 0.0%

Value ($000) $585 Shares 5,650 Est. Cost $115.60 Unrealized -8.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CMA	COMERICA INC	4,050,000	$250,493	11.2%	$48.65	+26.9%	COM	200340107
FHN	FIRST HORIZON CORPORATION	12,022,000	$242,123	10.9%	$12.60	+44.2%	COM	320517105
—	PINNACLE FINL PARTNERS INC	1,940,000	$221,917	10.0%	$90.49	—	COM	72346Q104
ABCB	AMERIS BANCORP	2,533,000	$158,490	7.1%	$44.25	+45.9%	COM	03076K108
WFC	WELLS FARGO CO NEW	2,125,000	$149,260	6.7%	$57.70	+15.5%	COM	949746101
—	SYNOVUS FINL CORP	2,321,000	$118,905	5.3%	$35.88	—	COM NEW	87161C501
SBCF	SEACOAST BKG CORP FLA	4,230,000	$116,452	5.2%	$28.18	-0.1%	COM NEW	811707801
ACIW	ACI WORLDWIDE INC	2,141,000	$111,139	5.0%	$29.02	+83.3%	COM	004498101
GPN	GLOBAL PMTS INC	881,999	$98,837	4.4%	$104.55	+3.2%	COM	37940X102
—	AVIDXCHANGE HOLDINGS INC	7,994,000	$82,658	3.7%	$9.89	—	COM	05368X102
AUB	ATLANTIC UN BANKSHARES CORP	2,083,999	$78,942	3.5%	$37.49	0.0%	COM	04911A107
QTWO	Q2 HLDGS INC	780,189	$78,526	3.5%	$33.77	+181.3%	COM	74736L109
TCBI	TEXAS CAP BANCSHARES INC	928,439	$72,604	3.3%	$57.19	+41.7%	COM	88224Q107
MKTX	MARKETAXESS HLDGS INC	271,318	$61,329	2.8%	$230.28	+11.8%	COM	57060D108
CME	CME GROUP INC	184,561	$42,861	1.9%	$196.43	+11.8%	COM	12572Q105
FLYW	FLYWIRE CORPORATION	1,638,914	$33,794	1.5%	$17.87	+9.4%	COM VTG	302492103
MQ	MARQETA INC	7,786,999	$29,513	1.3%	$5.05	-13.0%	CLASS A COM	57142B104
PB	PROSPERITY BANCSHARES INC	387,670	$29,211	1.3%	$74.22	0.0%	COM	743606105
SCHW	SCHWAB CHARLES CORP	374,999	$27,754	1.2%	$66.41	+11.2%	COM	808513105
FFWM	FIRST FNDTN INC	4,386,861	$27,242	1.2%	$6.93	+4.2%	COM	32026V104
PIPR	PIPER SANDLER COMPANIES	85,348	$25,600	1.1%	$143.25	+117.3%	COM	724078100
EGBN	EAGLE BANCORP INC MD	967,593	$25,186	1.1%	$24.43	+6.9%	COM	268948106
CBSH	COMMERCE BANCSHARES INC	320,246	$19,955	0.9%	$42.57	+38.7%	COM	200525103
BOH	BANK HAWAII CORP	275,000	$19,591	0.9%	$51.75	+32.7%	COM	062540109
AAMI	BRIGHTSPHERE INVT GROUP INC	525,000	$13,829	0.6%	$20.36	+37.6%	COM	10948W103
FOUR	SHIFT4 PMTS INC	124,998	$12,972	0.6%	$99.28	0.0%	CL A	82452J109
WAL	WESTERN ALLIANCE BANCORP	150,000	$12,531	0.6%	$85.75	0.0%	COM	957638109
CRMT	AMERICAS CAR-MART INC	227,000	$11,634	0.5%	$57.09	-20.2%	COM	03062T105
BMRC	BANK MARIN BANCORP	470,956	$11,195	0.5%	$19.19	+16.4%	COM	063425102
MYFW	FIRST WESTN FINL INC	312,423	$6,108	0.3%	$26.75	-23.5%	COM	33751L105
HTH	HILLTOP HOLDINGS INC	198,575	$5,685	0.3%	$30.41	+2.7%	COM	432748101
VYX	NCR VOYIX CORPORATION	401,200	$5,553	0.2%	$13.78	+0.7%	COM	62886E108
CPF	CENTRAL PAC FINL CORP	188,558	$5,478	0.2%	$27.38	+4.1%	COM NEW	154760409
ALKT	ALKAMI TECHNOLOGY INC	139,416	$5,114	0.2%	$29.22	+27.8%	COM	01644J108
AMG	AFFILIATED MANAGERS GROUP IN	27,386	$5,064	0.2%	$186.57	0.0%	COM	008252108
FSBC	FIVE STAR BANCORP	111,320	$3,350	0.2%	$22.59	+34.0%	COM	33830T103
MPB	MID PENN BANCORP INC	81,000	$2,336	0.1%	$29.73	0.0%	COM	59540G107
RPAY	REPAY HLDGS CORP	280,684	$2,142	0.1%	$10.22	-21.8%	COM CL A	76029L100
IIIV	I3 VERTICALS INC	46,069	$1,061	0.0%	$21.09	+11.2%	COM CL A	46571Y107
BILL	BILL HOLDINGS INC	9,442	$800	0.0%	$56.59	+31.8%	COM	090043100
FCFS	FIRSTCASH HOLDINGS INC	5,650	$585	0.0%	$115.60	-8.3%	COM	33768G107