North Reef Capital Management LP Quant / Systematic

Location: Laguna Beach, CA

CIK: 0001867831 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $2.485B (100.0% shares, 0.0% debt)

Holdings (56)

MKTX MARKETAXESS HLDGS INC 11.7%
Value $292M Shares 1,609,330 Est. Cost $190.84 Unrealized -11.2%
FHN FIRST HORIZON CORPORATION 11.1%
Value $275M Shares 11,516,840 Est. Cost $12.91 Unrealized +71.9%
ABCB AMERIS BANCORP 8.2%
Value $203M Shares 2,737,028 Est. Cost $53.39 Unrealized +39.0%
SBCF SEACOAST BKG CORP FLA 7.4%
Value $183M Shares 5,832,075 Est. Cost $28.20 Unrealized +10.5%
AUB ATLANTIC UN BANKSHARES CORP 6.5%
Value $161M Shares 4,572,090 Est. Cost $33.67 Unrealized +0.5%
COLB COLUMBIA BKG SYS INC 4.2%
Value $103M Shares 3,700,000 Est. Cost $26.80 Unrealized +0.2%
V VISA INC 3.8%
Value $94.69M Shares 270,000 Est. Cost $341.47 Unrealized -0.3%
ACIW ACI WORLDWIDE INC 3.8%
Value $94.19M Shares 1,970,000 Est. Cost $34.16 Unrealized +42.0%
STEL STELLAR BANCORP INC 3.6%
Value $88.96M Shares 2,875,245 Est. Cost $28.48 Unrealized +7.9%
QTWO Q2 HLDGS INC 3.5%
Value $87.67M Shares 1,215,000 Est. Cost $60.00 Unrealized +14.4%
PIPR PIPER SANDLER COMPANIES 2.8%
Value $69.61M Shares 204,900 Est. Cost $246.03 Unrealized +37.3%
FIBK FIRST INTST BANCSYSTEM INC 2.8%
Value $68.33M Shares 1,974,999 Est. Cost $31.25 Unrealized +2.8%
EGBN EAGLE BANCORP INC MD 2.5%
Value $62.97M Shares 2,940,000 Est. Cost $19.96 Unrealized -3.5%
MIAX MIAMI INTL HLDGS INC 2.3%
Value $56.14M Shares 1,265,000 Est. Cost $40.00 Unrealized +11.5%
FBK FB FINL CORP 2.0%
Value $49.81M Shares 892,685 Est. Cost $55.62 Unrealized 0.0%
ALKT ALKAMI TECHNOLOGY INC 1.9%
Value $48.45M Shares 2,100,000 Est. Cost $22.50 Unrealized -1.9%
FFWM FIRST FNDTN INC 1.9%
Value $48.12M Shares 7,812,475 Est. Cost $6.13 Unrealized -8.7%
NTRS NORTHERN TR CORP 1.7%
Value $42.43M Shares 310,611 Est. Cost $112.68 Unrealized +16.0%
FITB FIFTH THIRD BANCORP 1.6%
Value $39.79M Shares 850,000 Est. Cost $43.65 Unrealized 0.0%
TFC TRUIST FINL CORP 1.5%
Value $37.68M Shares 765,774 Est. Cost $45.80 Unrealized 0.0%
TW TRADEWEB MKTS INC 1.4%
Value $33.99M Shares 316,039 Est. Cost $110.12 Unrealized -2.5%
CBC CENTRAL BANCOMPANY 1.3%
Value $31.61M Shares 1,310,673 Est. Cost $23.43 Unrealized 0.0%
PB PROSPERITY BANCSHARES INC 1.2%
Value $30.75M Shares 445,000 Est. Cost $67.02 Unrealized 0.0%
MQ MARQETA INC 1.1%
Value $28.5M Shares 6,000,000 Est. Cost $4.91 Unrealized -2.3%
TCBK TRICO BANCSHARES 0.9%
Value $22.99M Shares 485,423 Est. Cost $45.89 Unrealized 0.0%
BANC BANC OF CALIFORNIA INC 0.9%
Value $22.31M Shares 1,156,680 Est. Cost $17.85 Unrealized 0.0%
AAMI ACADIAN ASSET MANAGEMENT INC 0.8%
Value $20.86M Shares 443,922 Est. Cost $21.84 Unrealized +110.9%
MYFW FIRST WESTN FINL INC 0.7%
Value $18.39M Shares 685,954 Est. Cost $23.87 Unrealized -0.1%
FRST PRIMIS FINANCIAL CORP 0.7%
Value $16.74M Shares 1,203,604 Est. Cost $10.98 Unrealized +1.9%
WLTH WEALTHFRONT CORP 0.7%
Value $16.67M Shares 1,226,633 Est. Cost $13.20 Unrealized 0.0%
EBC EASTERN BANKSHARES INC 0.6%
Value $14.68M Shares 796,451 Est. Cost $18.22 Unrealized 0.0%
FOUR SHIFT4 PMTS INC 0.4%
Value $9.819M Shares 155,929 Est. Cost $86.41 Unrealized -18.2%
VYX NCR VOYIX CORPORATION 0.3%
Value $8.572M Shares 840,395 Est. Cost $12.65 Unrealized -14.1%
FLYW FLYWIRE CORPORATION 0.3%
Value $8.496M Shares 600,001 Est. Cost $17.87 Unrealized -23.4%
SSB SOUTHSTATE BK CORP 0.3%
Value $8.47M Shares 90,000 Est. Cost $91.84 Unrealized 0.0%
MRX MAREX GROUP PLC 0.3%
Value $7.288M Shares 190,000 Est. Cost $34.48 Unrealized -1.5%
JHG JANUS HENDERSON GROUP PLC 0.3%
Value $7.136M Shares 150,000 Est. Cost $44.24 Unrealized 0.0%
GCMG GCM GROSVENOR INC 0.3%
Value $6.807M Shares 601,355 Est. Cost $12.50 Unrealized -9.3%
COSO COASTALSOUTH BANCSHARES INC 0.2%
Value $6.136M Shares 263,900 Est. Cost $21.68 Unrealized +2.4%
CRMT AMERICAS CAR-MART INC 0.2%
Value $6.118M Shares 242,187 Est. Cost $53.53 Unrealized -55.1%
JCAP JEFFERSON CAPITAL INC 0.2%
Value $5.35M Shares 239,473 Est. Cost $18.52 Unrealized +9.1%
FIGR FIGURE TECHNOLOGY SOLUTIO 0.2%
Value $5.105M Shares 125,000 Est. Cost $38.84 Unrealized +3.0%
SMBK SMARTFINANCIAL INC 0.2%
Value $4.989M Shares 134,871 Est. Cost $34.26 Unrealized +5.7%
KLAR KLARNA GROUP PLC 0.2%
Value $4.625M Shares 159,996 Est. Cost $34.34 Unrealized 0.0%
NEWT NEWTEKONE INC 0.2%
Value $4.392M Shares 386,923 Est. Cost $11.85 Unrealized -7.9%
NPB NORTHPOINTE BANCSHARES INC. 0.2%
Value $4.342M Shares 258,752 Est. Cost $14.31 Unrealized +18.3%
AVBH AVIDBANK HLDGS INC 0.1%
Value $3.285M Shares 123,671 Est. Cost $23.63 Unrealized +9.8%
TCBI TEXAS CAP BANCSHARES INC 0.1%
Value $3.13M Shares 34,570 Est. Cost $68.70 Unrealized +27.8%
BLSH BULLISH 0.1%
Value $3.078M Shares 81,280 Est. Cost $61.14 Unrealized -20.3%
GEMI GEMINI SPACE STA INC 0.1%
Value $2.976M Shares 300,000 Est. Cost $23.95 Unrealized -34.9%
USCB USCB FINANCIAL HOLDINGS INC 0.1%
Value $2.279M Shares 123,741 Est. Cost $17.87 Unrealized 0.0%
FFIC FLUSHING FINL CORP 0.1%
Value $2.048M Shares 135,000 Est. Cost $15.01 Unrealized 0.0%
CVBF CVB FINL CORP 0.1%
Value $1.931M Shares 103,824 Est. Cost $18.94 Unrealized 0.0%
IIIV I3 VERTICALS INC 0.1%
Value $1.907M Shares 75,711 Est. Cost $28.15 Unrealized 0.0%
BBT BEACON FINANCIAL CORP. 0.1%
Value $1.328M Shares 50,344 Est. Cost $24.93 Unrealized 0.0%
RNST RENASANT CORP 0.0%
Value $528K Shares 15,001 Est. Cost $35.43 Unrealized 0.0%