Location: Chicago, IL
CIK: 0001029311 · Show all filings
Period: Q2 2026 (← Previous)
Filing Date: Aug 13, 2026
Total Value: $605M (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| FCBM | First Carolina Financial Services, Inc. | 1,338,750 | $17.73M | 2.9% | $13.24 | — | Common Stock | 31943F200 |
| — | Community West Bancshares | 240,606 | $6.463M | 1.1% | $26.86 | — | Common Stock | 204157101 |
| BHRB | Burke & Herbert Financial Services | 82,374 | $5.919M | 1.0% | $71.86 | — | Common Stock | 12135Y108 |
| HOMB | Home BancShares, Inc. | 112,099 | $3.2M | 0.5% | $28.55 | — | Common Stock | 436893200 |
| SYBT | Stock Yards Bancorp, Inc. | 10,000 | $765K | 0.1% | $76.47 | — | Common Stock | 861025104 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| FSUN | FirstSun Capital Bancorp | 238,031 (+41.3%) | $9.231M (+50.3%) | 1.5% | $33.98 | — | Common Stock | 33767U107 |
| MCB | Metropolitan Bank Holding Corp. | 147,221 (+3.5%) | $14.54M (+22.7%) | 2.4% | $50.88 | — | Common Stock | 591774104 |
| MBIN | Merchants Bancorp | 285,062 (+1.4%) | $14.25M (+18.2%) | 2.4% | $24.36 | — | Common Stock | 58844R108 |
| PBAM | Private Bancorp of America, Inc. | 313,859 (+1.3%) | $23.23M (+10.2%) | 3.8% | $27.91 | — | Common Stock | 74274F100 |
| WCCB | West Coast Community Bancorp | 301,420 (+9.0%) | $15.07M (+14.7%) | 2.5% | $28.29 | — | Common Stock | 952170108 |
| CCNB | Coastal Carolina Bancshares, Inc. | 492,071 (+5.4%) | $8.282M (+27.6%) | 1.4% | $9.89 | — | Common Stock | 190435107 |
| PNFP | Pinnacle Financial Partners Inc. | 35,800 (+64.2%) | $3.612M (+92.3%) | 0.6% | $98.76 | — | Common Stock | 72348N109 |
| MNSB | MainStreet Bancshares, Inc. | 545,679 (+2.8%) | $13.47M (+14.3%) | 2.2% | $15.92 | — | Common Stock | 56064Y100 |
| RCBC | River City Bank | 128,354 (+26.3%) | $5.577M (+30.7%) | 0.9% | $38.54 | — | Common Stock | 76803X106 |
| MVBF | MVB Financial Corp. | 116,010 (+27.1%) | $3.365M (+48.5%) | 0.6% | $24.54 | — | Common Stock | 553810102 |
| LRBI | Lake Ridge Bancorp | 11,429 (+61.3%) | $1.714M (+86.1%) | 0.3% | $137.60 | — | Common Stock | 78391L106 |
| BSFO | Bank of San Francisco | 117,072 (+1.7%) | $5.093M (+18.0%) | 0.8% | $35.47 | — | Common Stock | 064774102 |
| RNST | Renasant Corporation | 51,875 (+23.9%) | $2.207M (+45.9%) | 0.4% | $35.00 | — | Common Stock | 75970E107 |
| MRBK | Meridian Bank | 382,533 (+3.6%) | $7.662M (+9.4%) | 1.3% | $11.73 | — | Common Stock | 58958P104 |
| EDVR | Endeavor Bancorp | 171,092 (+2.0%) | $3.294M (+20.1%) | 0.5% | $12.93 | — | Common Stock | 29260B109 |
| CBAN | Colony Bankcorp Inc. | 441,478 (+5.2%) | $8.869M (+5.9%) | 1.5% | $15.26 | — | Common Stock | 19623P101 |
| CBWA | Commencement Bancorp, Inc. | 138,720 (+6.1%) | $2.435M (+11.3%) | 0.4% | $10.33 | — | Common Stock | 20051D107 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| MCBI | Mountain Commerce Bancorp | 351,330 | $8.003M | 1.3% | $21.02 | — | — | 624004107 |
| UBFO | United Security Bankshares | 532,316 | $5.595M | 0.9% | $6.16 | — | — | 911460103 |
| CBSH | Commerce Bancshares, Inc. MO | 86,774 | $4.269M | 0.7% | $53.64 | — | — | 200525103 |
| FNRN | First Northern Community Bancorp | 234,181 | $3.721M | 0.6% | $7.92 | — | — | 335925103 |
| LNKB | LinkBancorp | 401,593 | $3.349M | 0.6% | $6.75 | — | — | 53578P105 |
| FFWM | First Foundation Inc. | 432,396 | $2.551M | 0.4% | $14.88 | — | — | 32026V104 |
| PSBQ | PSB Holdings, Inc. | 74,794 | $2.075M | 0.3% | $22.97 | — | — | 69360N108 |
| HNVR | Hanover Bancorp Inc. | 76,757 | $1.657M | 0.3% | $21.91 | — | — | 410709109 |
| HTBK | Heritage Commerce Corp | 75,139 | $938K | 0.2% | $8.31 | — | — | 426927109 |
| FCCO | First Community Corporation | 16,317 | $477K | 0.1% | $14.98 | — | — | 319835104 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| MYFW | First Western Financial, Inc. | 342,404 (-1.7%) | $10.99M (+28.4%) | 1.8% | $16.79 | — | Common Stock | 33751L105 |
| UNTY | Unity Bancorp, Inc. | 370,469 (-1.3%) | $21.74M (+11.7%) | 3.6% | $14.79 | — | Common Stock | 913290102 |
| BCAL | California BanCorp. | 816,155 (-1.8%) | $17.01M (+15.5%) | 2.8% | $13.92 | — | Common Stock | 84252A106 |
| FBIZ | First Business Financial Services, Inc. | 163,224 (-1.8%) | $10.31M (+15.0%) | 1.7% | $18.60 | — | Common Stock | 319390100 |
| SMBK | SmartFinancial, Inc. | 97,626 (-35.0%) | $4.581M (-21.9%) | 0.8% | $19.92 | — | Common Stock | 83190L208 |
| AMBZ | American Business Bank | 229,173 (-6.8%) | $16.67M (-4.4%) | 2.8% | $29.00 | — | Common Stock | 02475L105 |
| FSRL | First Reliance Bancshares, Inc. | 297,472 (-12.8%) | $5.482M (+15.6%) | 0.9% | $7.30 | — | Common Stock | 33615Q100 |
| BCTF | Bancorp 34, Inc. | 61,857 (-42.1%) | $952K (-40.4%) | 0.2% | $12.37 | — | Common Stock | 05970V106 |
| BWFG | Bankwell Financial Group, Inc. | 90,423 (-6.2%) | $5.312M (+13.5%) | 0.9% | $21.43 | — | Common Stock | 06654A103 |
| SFST | Southern First Bancshares, Inc. | 162,655 (-5.2%) | $9.938M (+6.2%) | 1.6% | $28.37 | — | Common Stock | 842873101 |
| SHBI | Shore Bancshares, Inc. | 136,243 (-30.3%) | $3.127M (-14.4%) | 0.5% | $12.95 | — | Common Stock | 825107105 |
| OBT | Orange County Bancorp, Inc. | 186,035 (-5.8%) | $6.842M (+8.3%) | 1.1% | $20.07 | — | Common Stock | 68417L107 |
| CZWI | Citizens Community Bancorp, Inc. | 195,055 (-5.3%) | $4.562M (+11.8%) | 0.8% | $8.62 | — | Common Stock | 174903104 |
| AMTB | Amerant Bancorp Inc. | 174,000 (-3.3%) | $4.44M (+11.9%) | 0.7% | $21.09 | — | Common Stock | 023576101 |
| SABK | South Atlantic Bancshares, Inc. | 175,596 (-2.1%) | $4.478M (+10.0%) | 0.7% | $486.89 | — | Common Stock | 83636T104 |
| SBKO | Summit Bank Group, Inc. | 184,501 (-3.1%) | $4.109M (+10.9%) | 0.7% | $12.00 | — | Common Stock | 86603R100 |
| FXNC | First National Corporation | 31,374 (-36.5%) | $942K (-29.2%) | 0.2% | $16.37 | — | Common Stock | 32106V107 |
| BY | Byline Bancorp, Inc. | 19,682 (-42.4%) | $741K (-31.3%) | 0.1% | $18.61 | — | Common Stock | 124411109 |
| PPBN | Pinnacle Bankshares Corporation | 25,464 (-32.0%) | $1.413M (-19.2%) | 0.2% | $16.53 | — | Common Stock | 72345E102 |
| FCPB | First Capital Bancshares, Inc. | 318,995 (-11.1%) | $4.051M (-7.4%) | 0.7% | $7.31 | — | Common Stock | 31941G101 |
| BWB | Bridgewater Bancshares, Inc. | 96,479 (-4.9%) | $2.03M (+13.0%) | 0.3% | $10.91 | — | Common Stock | 108621103 |
| BSRR | Sierra Bancorp | 99,255 (-12.4%) | $4.046M (+5.3%) | 0.7% | $16.44 | — | Common Stock | 82620P102 |
| BUSE | First Busey Corporation | 114,077 (-10.2%) | $3.365M (+4.8%) | 0.6% | $23.42 | — | Common Stock | 319383204 |
| BLHK | Blueharbor Bank | 87,402 (-9.3%) | $3.715M (-3.7%) | 0.6% | $12.52 | — | Common Stock | 095613105 |
| GNRV | Grand River Commerce, Inc. | 304,400 (-14.8%) | $1.601M (+7.4%) | 0.3% | $5.36 | — | Common Stock | 386441109 |
| EFSI | Eagle Financial Services Inc. | 56,500 (-13.1%) | $2.342M (+3.0%) | 0.4% | $32.75 | — | Common Stock | 26951R104 |
| SSBI | Summit State Bank | 195,627 (-1.8%) | $2.653M (-0.4%) | 0.4% | $11.99 | — | Common Stock | 866264203 |
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| OSBC | Old Second Bancorp, Inc. | 1,034,143 | $24.12M | 4.0% | $9.57 | — | Common Stock | 680277100 |
| PGC | Peapack-Gladstone Financial Corporation | 273,947 | $12.97M | 2.1% | $19.83 | — | Common Stock | 704699107 |
| AVBH | Avidbank Holdings, Inc. | 668,100 | $22.07M | 3.6% | $20.56 | — | Common Stock | 05368J103 |
| FRST | Primis Financial Corporation | 872,961 | $14.29M | 2.4% | $11.59 | — | Common Stock | 74167B109 |
| ALRS | Alerus Financial Corporation | 349,165 | $10.86M | 1.8% | $21.16 | — | Common Stock | 01446U103 |
| CNOB | ConnectOne Bancorp, Inc. | 310,195 | $10.37M | 1.7% | $18.88 | — | Common Stock | 20786W107 |
| TFIN | Triumph Bancorp, Inc. | 117,136 | $8.939M | 1.5% | $25.53 | — | Common Stock | 89679E300 |
| FRBA | First Bank | 864,205 | $15.32M | 2.5% | $11.24 | — | Common Stock | 31931U102 |
| BANC | Banc of California, Inc. | 519,738 | $10.62M | 1.8% | $15.93 | — | Common Stock | 05990K106 |
| BRBS | Blue Ridge Bankshares, Inc. | 1,889,033 | $6.668M | 1.1% | $4.30 | — | Common Stock | 095825105 |
| INBK | First Internet Bancorp | 162,176 | $4.508M | 0.7% | $24.87 | — | Common Stock | 320557101 |
| BSVN | Bank7 Corp | 128,519 | $6.291M | 1.0% | $21.61 | — | Common Stock | 06652N107 |
| CCNE | CNB Financial Corporation | 222,375 | $7.496M | 1.2% | $20.47 | — | Common Stock | 126128107 |
| TCBI | Texas Capital Bancshares, Inc. | 119,762 | $12.37M | 2.0% | $62.22 | — | Common Stock | 88224Q107 |
| ISTR | Investar Holding Corporation | 306,896 | $9.195M | 1.5% | $18.55 | — | Common Stock | 46134L105 |
| FSBC | Five Star Bancorp | 85,919 | $4.183M | 0.7% | $22.58 | — | Common Stock | 33830T103 |
| MBWM | Mercantile Bank Corporation | 131,160 | $7.531M | 1.2% | $14.28 | — | Common Stock | 587376104 |
| BFST | Business First Bancshares, Inc. | 234,257 | $7.199M | 1.2% | $22.57 | — | Common Stock | 12326C105 |
| BPRN | Princeton Bancorp, Inc. | 153,926 | $5.841M | 1.0% | $28.29 | — | Common Stock | 74179A107 |
| CMHF | Community Heritage Financial Inc. | 125,424 | $4.471M | 0.7% | $23.23 | — | Common Stock | 20370L103 |
| MPB | Mid Penn Bank | 207,982 | $7.246M | 1.2% | $24.79 | — | Common Stock | 59540G107 |
| FVCB | FVCBankcorp Inc. | 214,088 | $3.747M | 0.6% | $12.01 | — | Common Stock | 36120Q101 |
| STBK | Studio Bank | 429,056 | $5.642M | 0.9% | $9.93 | — | Common Stock | 864001102 |
| TCBX | Third Coast Bancshares | 169,064 | $6.83M | 1.1% | $24.55 | — | Common Stock | 88422P109 |
| CBNK | Capital Bancorp, Inc. | 75,300 | $2.645M | 0.4% | $26.64 | — | Common Stock | 139737100 |
| — | F&M Bank Corp | 47,100 | $1.697M | 0.3% | $25.90 | — | Common Stock | 30137P106 |
| TBBK | The Bancorp, Inc. | 23,592 | $1.478M | 0.2% | $26.85 | — | Common Stock | 05969A105 |
| COSO | CoastalSouth Bancshares, Inc. | 85,715 | $2.301M | 0.4% | $12.14 | — | Common Stock | 19058X207 |
| USCB | USCB Financial Holdings Inc. | 95,580 | $1.956M | 0.3% | $13.82 | — | Common Stock | 90355N101 |
| ARBV | American Riviera Bancorp | 89,380 | $2.288M | 0.4% | $18.43 | — | Common Stock | 02933K103 |
| WRIV | White River Bancshares Company | 89,000 | $4.859M | 0.8% | $32.69 | — | Common Stock | 96445A108 |
| BAFN | BayFirst Financial Corp. | 91,679 | $458K | 0.1% | $19.82 | — | Common Stock | 07279B104 |
| FBK | FB Financial Corp. | 35,496 | $1.965M | 0.3% | $50.36 | — | Common Stock | 30257X104 |
| TOWN | TowneBank | 40,804 | $1.479M | 0.2% | $35.57 | — | Common Stock | 89214P109 |
| SOME | Somerset Trust Holding Company | 16,017 | $1.233M | 0.2% | $49.70 | — | Common Stock | 835126103 |
| MVLY | Mission Valley Bancorp | 78,507 | $1.543M | 0.3% | $8.26 | — | Common Stock | 60520E104 |
| PBNK | Pinnacle Bank | 44,514 | $797K | 0.1% | $8.23 | — | Common Stock | 72346K107 |
| PWBK | Pacific West Bancorp | 92,857 | $1.155M | 0.2% | $11.10 | — | Common Stock | 69506J102 |
| ORPB | Oregon Pacific Bancorp | 361,932 | $4.046M | 0.7% | $5.63 | — | Common Stock | 686040205 |
| PTBS | Potomac Bancshares, Inc. | 12,432 | $295K | 0.0% | $17.35 | — | Common Stock | 737643106 |
| FSBH | FSBH Corp (was First Southern Bank) | 135,250 | $2.205M | 0.4% | $7.68 | — | Common Stock | 30325F101 |
| ALPIB | Alpine Banks of Colorado | 204,321 | $9.803M | 1.6% | $27.27 | — | Common Stock | 020810107 |
| SOUB | SouthPoint Bancshares, Inc. | 74,638 | $1.054M | 0.2% | $20.02 | — | Common Stock | 844647107 |