13F HOLDINGS REPORT
North Reef Capital Management LP
Quarter ended Q1 2025 · Filed May 15, 2025 · Accession 0001214659-25-007829
Total Value
$2.31B
Positions
46
Other Managers
0
Confidential Omitted
No
Holdings (46)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | COMERICA INC | 200340107 | 4,132,000 | $244.0M | 10.56% |
| 2 | FIRST HORIZON CORPORATION | FHN-PH | 12,375,000 | $240.3M | 10.40% |
| 3 | GLOBAL PMTS INC | 37940X102 | 2,014,700 | $197.3M | 8.54% |
| 4 | WELLS FARGO CO NEW | 949746101 | 2,375,000 | $170.5M | 7.38% |
| 5 | TEXAS CAP BANCSHARES INC | 88224Q107 | 2,112,223 | $157.8M | 6.83% |
| 6 | AMERIS BANCORP | ABCB | 2,511,445 | $144.6M | 6.26% |
| 7 | ACI WORLDWIDE INC | ACIW | 2,522,888 | $138.0M | 5.97% |
| 8 | SEACOAST BKG CORP FLA | SE | 5,223,924 | $134.4M | 5.82% |
| 9 | PINNACLE FINL PARTNERS INC | 72346Q104 | 1,185,000 | $125.7M | 5.44% |
| 10 | SYNOVUS FINL CORP | 87161C501 | 2,397,500 | $112.1M | 4.85% |
| 11 | MARKETAXESS HLDGS INC | MKTX | 360,000 | $77.9M | 3.37% |
| 12 | AVIDXCHANGE HOLDINGS INC | 05368X102 | 8,675,000 | $73.6M | 3.18% |
| 13 | Q2 HLDGS INC | QTWO | 825,000 | $66.0M | 2.86% |
| 14 | ATLANTIC UN BANKSHARES CORP | 04911A107 | 1,700,500 | $53.0M | 2.29% |
| 15 | HILLTOP HOLDINGS INC | HTH | 1,190,000 | $36.2M | 1.57% |
| 16 | MARQETA INC | MQ | 8,550,000 | $35.2M | 1.52% |
| 17 | FIRST FNDTN INC | 32026V104 | 5,609,000 | $29.1M | 1.26% |
| 18 | PIPER SANDLER COMPANIES | PIPR | 110,000 | $27.2M | 1.18% |
| 19 | EAGLE BANCORP INC MD | EGBN | 1,067,781 | $22.4M | 0.97% |
| 20 | SCHWAB CHARLES CORP | SCHW-PJ | 275,000 | $21.5M | 0.93% |
| 21 | TRUIST FINL CORP | 89832Q109 | 500,001 | $20.6M | 0.89% |
| 22 | UNITED CMNTY BKS BLAIRSVLE G | UNTCW | 625,000 | $17.6M | 0.76% |
| 23 | VISA INC | V | 50,000 | $17.5M | 0.76% |
| 24 | BANK MARIN BANCORP | 063425102 | 632,000 | $13.9M | 0.60% |
| 25 | PACIFIC PREMIER BANCORP | 69478X105 | 605,856 | $12.9M | 0.56% |
| 26 | AMERICAS CAR-MART INC | 03062T105 | 280,000 | $12.7M | 0.55% |
| 27 | ACADIAN ASSET MANAGEMENT INC | AAMI | 489,697 | $12.7M | 0.55% |
| 28 | FLYWIRE CORPORATION | FLYW | 1,200,000 | $11.4M | 0.49% |
| 29 | KEYCORP | 493267108 | 600,000 | $9.6M | 0.42% |
| 30 | NCR VOYIX CORPORATION | NCRRP | 900,000 | $8.8M | 0.38% |
| 31 | NORTHPOINTE BANCSHARES INC. | NPB | 601,345 | $8.7M | 0.38% |
| 32 | AFFILIATED MANAGERS GROUP IN | MGRE | 50,000 | $8.4M | 0.36% |
| 33 | CENTRAL PAC FINL CORP | 154760409 | 298,482 | $8.1M | 0.35% |
| 34 | FIRST WESTN FINL INC | 33751L105 | 379,178 | $7.5M | 0.32% |
| 35 | SHIFT4 PMTS INC | 82452J109 | 80,000 | $6.5M | 0.28% |
| 36 | FIRST BUSEY CORP | BUSEP | 269,929 | $5.8M | 0.25% |
| 37 | GCM GROSVENOR INC | GCMG | 366,880 | $4.9M | 0.21% |
| 38 | ALKAMI TECHNOLOGY INC | ALKT | 139,414 | $3.7M | 0.16% |
| 39 | GUARANTY BANCSHARES INC TEX | 400764106 | 60,100 | $2.4M | 0.10% |
| 40 | PRIORITY TECHNOLOGY HLDGS IN | PRTHU | 350,000 | $2.4M | 0.10% |
| 41 | BILL HOLDINGS INC | BILL | 42,335 | $1.9M | 0.08% |
| 42 | EASTERN BANKSHARES INC | EBC | 100,000 | $1.6M | 0.07% |
| 43 | REPAY HLDGS CORP | RPAY | 280,683 | $1.6M | 0.07% |
| 44 | FIRSTSUN CAP BANCORP | 33767U107 | 40,679 | $1.5M | 0.06% |
| 45 | NCINO INC | NCNO | 50,000 | $1.4M | 0.06% |
| 46 | STELLAR BANCORP INC | STEL | 20,000 | $553,200 | 0.02% |