Institutional Manager · CIK 0001600202
Petiole USA ltd
New York, NY · File #028-21843
Latest AUM
$154.3M
Positions
33
Top-10 Concentration
51.0%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | COMERICA INC | 200340107 | +267,425 | +$6.6M | -$2.0M |
| ADD | FIRST CTZNS BANCSHARES INC D | 31946M103 | +1,760 | +$3.8M | +$1.6M |
| EXITED | VALLEY NATL BANCORP | 919794107 | -332,000 | -$3.5M | $0 |
| EXITED | INVESTAR HLDG CORP | 46134L105 | -118,469 | -$2.7M | $0 |
| EXITED | EAGLE BANCORP MONT INC | 26942G100 | -51,585 | -$890,873 | $0 |
| REDUCE | SB FINL GROUP INC | 78408D105 | -7,269 | -$161,881 | +$524,740 |
| REDUCE | BANC OF CALIFORNIA INC | BANC-PF | -1 | -$19 | +$1.1M |
| REDUCE | BANNER CORP | BANR | 0 | $0 | -$94,530 |
| REDUCE | CALIFORNIA BANCORP | BCAL | 0 | $0 | +$389,252 |
| REDUCE | CARTER BANKSHARES INC | CARE | 0 | $0 | +$96,718 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORT (Amended)Q/E Dec 202533 pos · $154.3M
- 13F HOLDINGS REPORTQ/E Dec 202533 pos · $154.3M
- 13F HOLDINGS REPORTQ/E Sep 202536 pos · $144.8M
- 13F HOLDINGS REPORTQ/E Jun 202537 pos · $141.4M
- 13F HOLDINGS REPORTQ/E Mar 202538 pos · $141.5M
- 13F HOLDINGS REPORTQ/E Dec 202439 pos · $158.9M
- 13F HOLDINGS REPORTQ/E Sep 202439 pos · $152.9M
- 13F HOLDINGS REPORTQ/E Jun 202438 pos · $119.2M
- 13F HOLDINGS REPORTQ/E Mar 202438 pos · $127.8M
- 13F HOLDINGS REPORTQ/E Dec 202339 pos · $109.2M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | FIRST CTZNS BANCSHARES INC D | 31946M103 | 6,175 | $13.3M | 8.59% |
| 2 | COLONY BANKCORP INC | CBAN | 462,763 | $8.2M | 5.35% |
| 3 | FIRST NATL CORP | 32106V107 | 311,440 | $7.9M | 5.10% |
| 4 | COMMERCIAL BANCGROUP INC | CBK | 312,500 | $7.7M | 4.98% |
| 5 | BANC OF CALIFORNIA INC | BANC-PF | 397,167 | $7.7M | 4.97% |
| 6 | CARTER BANKSHARES INC | CARE | 386,873 | $7.6M | 4.93% |
| 7 | RENASANT CORP | RNST | 196,845 | $6.9M | 4.49% |
| 8 | WESTERN ALLIANCE BANCORP | WAL-PA | 81,103 | $6.8M | 4.42% |
| 9 | WEBSTER FINL CORP | 947890109 | 101,875 | $6.4M | 4.16% |
| 10 | ORRSTOWN FINL SVCS INC | 687380105 | 176,966 | $6.3M | 4.06% |
| 11 | MID PENN BANCORP INC | MPB | 197,111 | $6.1M | 3.96% |
| 12 | HANCOCK WHITNEY CORPORATION | HWCPZ | 86,218 | $5.5M | 3.56% |
| 13 | CNB FINL CORP PA | 126128107 | 189,241 | $5.0M | 3.21% |
| 14 | WINTRUST FINL CORP | 97650W108 | 29,750 | $4.2M | 2.70% |
| 15 | SB FINL GROUP INC | 78408D105 | 168,818 | $3.8M | 2.44% |
| 16 | CALIFORNIA BANCORP | BCAL | 195,604 | $3.7M | 2.37% |
| 17 | CITIZENS FINL GROUP INC | CIA | 61,754 | $3.6M | 2.34% |
| 18 | FIRST MERCHANTS CORP | FRMEP | 94,047 | $3.5M | 2.28% |
| 19 | SYNOVUS FINL CORP | 87161C501 | 70,063 | $3.5M | 2.27% |
| 20 | PINNACLE FINL PARTNERS INC | 72346Q104 | 33,814 | $3.2M | 2.09% |