Location: Evanston, IL
CIK: 0001694886 · Show all filings
Period: Q3 2025 (← Previous) (Next →)
Filing Date: Nov 12, 2025
Total Value: $349M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WCCB | West Coast Community Bancorp | 295,357 | $12.48M | 3.6% | $39.13 | +1.1% | Com | 952170108 |
| PLBC | Plumas Bancorp | 286,752 | $12.37M | 3.5% | $20.91 | +106.8% | Com | 729273102 |
| SBNC | Southern BancShares NC Inc | 1,100 | $10.24M | 2.9% | $3473.92 | +157.3% | Com | 842243107 |
| OVLY | Oak Valley Bancorp | 358,593 | $10.1M | 2.9% | $13.16 | +113.0% | Com | 671807105 |
| FCNCA | First Citizens BancShares Inc/ | 5,459 | $9.767M | 2.8% | $1066.76 | +84.5% | Com | 31946M103 |
| MSBC | Mission Bancorp/Bakersfield CA | 86,231 | $8.028M | 2.3% | $74.26 | +26.5% | Com | 605015106 |
| EXSR | Exchange Bank/Santa Rosa CA | 69,895 | $7.968M | 2.3% | $124.78 | -13.4% | Com | 301227203 |
| TSBK | Timberland Bancorp Inc/WA | 230,847 | $7.683M | 2.2% | $15.89 | +104.8% | Com | 887098101 |
| FXNC | First National Corp/VA | 316,343 | $7.175M | 2.1% | $16.87 | +30.2% | Com | 32106V107 |
| FINN | First National of Nebraska Inc | 500 | $6.95M | 2.0% | $7658.32 | +70.0% | Com | 335720108 |
| ORPB | Oregon Pacific Bancorp | 661,804 | $6.85M | 2.0% | $5.64 | +60.3% | Com | 686040205 |
| PMHG | Prime Meridian Holding Co | 127,014 | $6.497M | 1.9% | $20.88 | +139.2% | Com | 74164R107 |
| CSHX | Cashmere Valley Bank | 91,597 | $6.348M | 1.8% | $47.30 | +42.2% | Com | 14756K102 |
| CFG | Citizens Financial Group Inc | 112,331 | $5.972M | 1.7% | $26.11 | +88.4% | Com | 174610105 |
| FOTB | First Ottawa Bancshares Inc | 37,129 | $5.792M | 1.7% | $84.84 | +73.6% | Com | 335876108 |
| ZION | Zions Bancorp NA | 101,290 | $5.731M | 1.6% | $27.74 | +100.6% | Com | 989701107 |
| MFGI | Merchants Financial Group Inc | 209,160 | $5.626M | 1.6% | $23.82 | +5.6% | Com | 588538108 |
| CMA | Comerica Inc | 79,145 | $5.423M | 1.6% | $42.62 | +55.4% | Com | 200340107 |
| BWFG | Bankwell Financial Group Inc | 116,138 | $5.139M | 1.5% | $23.22 | +74.9% | Com | 06654A103 |
| OXBC | Oxford Bank Corp/MI | 135,499 | $5.013M | 1.4% | $20.45 | +70.9% | Com | 69140P100 |
| FMBH | First Mid Bancshares Inc | 128,404 | $4.864M | 1.4% | $30.88 | +24.4% | Com | 320866106 |
| RWCB | Redwood Capital Bancorp | 186,278 | $4.845M | 1.4% | $17.14 | +43.3% | Com | 75777X100 |
| MTB | M&T Bank Corp | 24,000 | $4.743M | 1.4% | $117.30 | +65.1% | Com | 55261F104 |
| MCHB | Mechanics Bancorp | 353,216 | $4.705M | 1.3% | $13.30 | 0.0% | Com | 43785V102 |
| HBT | HBT Financial Inc | 182,331 | $4.595M | 1.3% | $20.32 | +26.3% | Com | 404111106 |
| UBAB | United BanCorp of Alabama Inc | 81,896 | $4.537M | 1.3% | $21.06 | +158.2% | Com | 90944R100 |
| ALPIB | Alpine Banks of Colorado | 143,174 | $4.484M | 1.3% | $34.56 | -16.8% | Com | 020810107 |
| INDB | Independent Bank Corp | 64,400 | $4.455M | 1.3% | $48.26 | +38.6% | Com | 453836108 |
| CWBC | Community West Bancshares | 210,257 | $4.382M | 1.3% | $16.78 | +21.1% | Com | 203937107 |
| PBNK | Pinnacle Bank/Gilroy CA | 211,708 | $4.372M | 1.3% | $11.16 | +83.3% | Com | 72346K107 |
| FSBC | Five Star Bancorp | 134,847 | $4.342M | 1.2% | $19.65 | +57.6% | Com | 33830T103 |
| RRBI | Red River Bancshares Inc | 66,479 | $4.309M | 1.2% | $49.29 | +29.2% | Com | 75686R202 |
| FCAP | First Capital Inc | 93,057 | $4.262M | 1.2% | $25.55 | +57.5% | Com | 31942S104 |
| FNB | FNB Corp/PA | 262,593 | $4.23M | 1.2% | $11.91 | +32.0% | Com | 302520101 |
| SMBC | Southern Missouri Bancorp Inc | 79,314 | $4.169M | 1.2% | $30.75 | +79.3% | Com | 843380106 |
| COLB | Columbia Banking System Inc | 156,302 | $4.023M | 1.2% | $17.90 | +38.8% | Com | 197236102 |
| WTBFB | WTB Financial Corp | 12,672 | $4.006M | 1.1% | $356.02 | -13.0% | Com | 929334209 |
| BANR | Banner Corp | 60,973 | $3.994M | 1.1% | $48.98 | +31.8% | Com | 06652V208 |
| ARBV | American Riviera Bancorp | 183,328 | $3.984M | 1.1% | $18.18 | +15.5% | Com | 02933K103 |
| CMHF | Community Heritage Financial I | 129,000 | $3.857M | 1.1% | $21.00 | +30.8% | Com | 20370L103 |
| CYVF | Crystal Valley Financial Corp | 54,445 | $3.812M | 1.1% | $44.26 | +50.5% | Com | 22941P100 |
| FMCB | Farmers & Merchants Bancorp/Lo | 3,662 | $3.776M | 1.1% | $955.24 | +6.5% | Com | 307795104 |
| CCBC | Chino Commercial Bancorp | 229,046 | $3.768M | 1.1% | $10.44 | +50.7% | Com | 16957L102 |
| PBAM | Private Bancorp of America Inc | 62,397 | $3.675M | 1.1% | $38.17 | +50.8% | Com | 74274F100 |
| PFS | Provident Financial Services I | 189,706 | $3.658M | 1.0% | $13.26 | +39.6% | Com | 74386T105 |
| BCAL | California BanCorp | 208,556 | $3.479M | 1.0% | $8.92 | +83.1% | Com | 84252A106 |
| WASH | Washington Trust Bancorp Inc | 120,049 | $3.469M | 1.0% | $22.73 | +22.4% | Com | 940610108 |
| BKOR | Oak Ridge Financial Services I | 122,152 | $3.268M | 0.9% | $17.03 | +41.6% | Com | 671768109 |
| WTFC | Wintrust Financial Corp | 24,284 | $3.216M | 0.9% | $104.28 | +26.6% | Com | 97650W108 |
| BYLB | Boyle Bancorp Inc | 33,729 | $3.213M | 0.9% | $69.11 | +31.9% | Com | 103442109 |
| SHBI | Shore Bancshares Inc | 195,287 | $3.205M | 0.9% | $12.12 | +35.9% | Com | 825107105 |
| PKBK | Parke Bancorp Inc | 144,817 | $3.121M | 0.9% | $18.41 | +16.0% | Com | 700885106 |
| MCBI | Mountain Commerce Bancorp Inc | 150,147 | $3.058M | 0.9% | $21.38 | -6.6% | Com | 624004107 |
| SNLC | Security National Corp/IA | 18,476 | $3.049M | 0.9% | $131.49 | +25.5% | Com | 814784104 |
| TYFG | Tri-County Financial Group Inc | 61,917 | $3.018M | 0.9% | $36.77 | +24.3% | Com | 89546P108 |
| OSBC | Old Second Bancorp Inc | 163,038 | $2.818M | 0.8% | $12.35 | +44.6% | Com | 680277100 |
| SEBC | Southeastern Banking Corp | 115,149 | $2.765M | 0.8% | $16.17 | +45.5% | Com | 84158P108 |
| CNBB | CNB Community Bancorp Inc | 63,205 | $2.753M | 0.8% | $33.40 | +24.5% | Com | 12618F105 |
| VLY | Valley National Bancorp | 255,540 | $2.709M | 0.8% | $12.47 | -19.9% | Com | 919794107 |
| FINW | Finwise Bancorp | 137,123 | $2.659M | 0.8% | $10.77 | +69.4% | Com | 31813A109 |
| EMYB | Embassy Bancorp Inc | 152,639 | $2.627M | 0.8% | $13.87 | +19.7% | Com | 290791102 |
| CYSM | Community Bancorp of Santa Mar | 172,595 | $2.534M | 0.7% | $11.32 | +30.8% | Com | 20344R103 |
| CCNE | CNB Financial Corp/PA | 100,000 | $2.42M | 0.7% | $22.98 | +6.2% | Com | 126128107 |
| TRCY | Tri City Bankshares Corp | 146,455 | $2.403M | 0.7% | $15.88 | — | Com | 895364107 |
| PVBK | Pacific Valley Bancorp | 216,257 | $2.223M | 0.6% | $9.36 | +12.3% | Com | 69503T103 |
| SOBS | Solvay Bank | 76,296 | $2.174M | 0.6% | $25.92 | +8.5% | Com | 83441Q105 |
| HBNC | Horizon Bancorp Inc/IN | 130,714 | $2.093M | 0.6% | $16.02 | 0.0% | Com | 440407104 |
| MSWV | Main Street Financial Services | 126,446 | $2.024M | 0.6% | $15.00 | -1.5% | Com | 56035X108 |
| WDFN | Woodlands Financial Services C | 74,372 | $1.934M | 0.6% | $21.62 | -0.9% | Com | 979685104 |
| CYFL | Century Financial Corp/MA | 41,468 | $1.908M | 0.5% | $34.55 | +27.6% | Com | 15652L102 |
| JDVB | Jd Bancshares Inc | 67,191 | $1.816M | 0.5% | $22.24 | +16.0% | Com | 46591R108 |
| CBAF | Citba Financial Corp | 61,391 | $1.78M | 0.5% | $23.49 | +20.1% | Com | 173024100 |
| CNND | Canandaigua National Corp | 9,355 | $1.777M | 0.5% | $150.96 | +16.0% | Com | 137143103 |
| BSPA | Ballston Spa Bancorp Inc | 26,302 | $1.711M | 0.5% | $45.75 | +39.3% | Com | 058701103 |
| STBK | Studio Financial Holdings Inc | 148,161 | $1.637M | 0.5% | $12.30 | -11.1% | Com | 864001102 |
| FFDF | FFD Financial Corp | 45,878 | $1.633M | 0.5% | $30.06 | +16.8% | Com | 30243C107 |
| TBBK | Bancorp Inc/The | 20,000 | $1.498M | 0.4% | $55.52 | +25.6% | Com | 05969A105 |
| FCNCB | First Citizens BancShares Inc/ | 876 | $1.395M | 0.4% | $1050.73 | +59.8% | Com | 31946M202 |
| BCTF | Bancorp 34 Inc | 107,142 | $1.355M | 0.4% | $12.83 | -3.0% | Com | 05970V106 |
| PPBB | Peoples Bancorp/WA | 5,000 | $1.15M | 0.3% | $164.29 | +21.7% | Com | 70979X107 |
| FMFG | Farmers and Merchants Bancshar | 68,906 | $1.144M | 0.3% | $11.97 | +34.7% | Com | 308856103 |
| CZBC | Citizens Bancorp/OR | 102,258 | $1.007M | 0.3% | $13.52 | -28.9% | Com | 172950107 |
| MDVT | Middlebury National Corp | 24,717 | $917K | 0.3% | $33.09 | +9.3% | Com | 596237107 |
| MBWM | Mercantile Bank Corp | 20,000 | $900K | 0.3% | $46.86 | 0.0% | Com | 587376104 |
| FSBW | FS Bancorp Inc | 20,476 | $817K | 0.2% | $40.30 | 0.0% | Com | 30263Y104 |
| WFCL | 1867 Western Financial Corp | 79 | $672K | 0.2% | $7369.74 | -1.4% | Com | 282518109 |
| PBKX | Partners Bank of California | 62,755 | $662K | 0.2% | $9.82 | +3.7% | Com | 70212Y102 |
| FCOB | 1st Colonial Bancorp Inc | 31,064 | $570K | 0.2% | $12.26 | +38.3% | Com | 319716106 |
| — | Cecil Bancorp Inc | 367,501 | $559K | 0.2% | $1.50 | — | Com | 149841306 |
| CNBP | Cornerstone Bancorp Inc/IL | 5,006 | $488K | 0.1% | $76.23 | +18.6% | Com | 21925H100 |
| FTFI | First Berlin Bancorp Inc | 8,989 | $283K | 0.1% | $28.42 | +6.2% | Com | 319302105 |
| FGFH | Foresight Financial Group Inc | 5,000 | $163K | 0.0% | $31.32 | 0.0% | Com | 345526107 |
| MBLU | Morris State BancShares Inc | 5,000 | $115K | 0.0% | $18.06 | +28.9% | Com | 618304109 |
| HLFN | Home Loan Financial Corp | 3,000 | $99,600 | 0.0% | $32.66 | 0.0% | Com | 437183205 |
| LFGP | Ledyard Financial Group Inc | 5,590 | $77,813 | 0.0% | $21.89 | -36.3% | Com | 523338101 |
| FDBC | Fidelity D&D Bancorp Inc | 894 | $39,184 | 0.0% | $42.87 | 0.0% | Com | 31609R100 |