Performance vs S&P 500

03
Tracked Q1 2025–Q2 2026 +41.1%
S&P 500 total return (same window) +37.0%
Excess return +4.1%

Annualized: +31.7% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 95.6% · Options excluded: 0.0%

Sector breakdown

04
Financials 91.7%
Technology 2.6%
Consumer Staples 1.6%
Consumer products 1.0%
Consumer Discretionary 0.6%
Communication Services 0.5%
Materials 0.5%
Industrials 0.2%
Retail 0.2%
Healthcare 0.1%
Other/Unmapped 1.1%

Full portfolio 72 positions

05
Type Streak 8Q trend
COSO CoastalSouth Bancshares, Inc. Common Stock $5,173,351 3.46% 192,676 $435,448
SFNC Simmons First National Corporation - Common Stock $5,092,671 3.41% 224,842 $333,256 Down ×1
BUSE First Busey Corporation - Common Stock $4,407,418 2.95% 149,404 $494,763 Down ×1
MCB Metropolitan Bank Holding Corp. Common Stock $4,293,789 2.87% 43,477 $524,916 Down ×1
VLY Valley National Bancorp - Common Stock $4,147,151 2.77% 283,082 $177,445 Down ×3
BANC Banc of California, Inc. Common Stock $4,146,616 2.77% 202,967 $-54,002 Down ×1
GNW Genworth Financial Inc Common Stock $4,053,160 2.71% 428,000 $171,800 Down ×1
WSBC WesBanco, Inc. - Common Stock $3,998,741 2.67% 102,453 $112,856 Down ×2
BBT Beacon Financial Corporation Common stock $3,912,216 2.62% 128,480 $-532,374 Down ×1
CBK Commercial Bancgroup, Inc. - Common Stock $3,865,920 2.59% 119,725 $-274,044 Down ×2
FSUN FirstSun Capital Bancorp - Common Stock $3,758,790 2.51% 96,926
FRST Primis Financial Corp. - Common Stock $3,735,699 2.50% 228,204 $1,219,086 Up ×2
CCNE CNB Financial Corporation - Common Stock $3,676,345 2.46% 109,058 $399,724 Down ×1
AVBH Avidbank Holdings, Inc. - Common Stock $3,611,831 2.42% 109,350 $376,254 Down ×2
CNNE Cannae Holdings, Inc. Common Stock $3,600,000 2.41% 250,000 $1,326,000 Up ×2
ECPG Encore Capital Group Inc - Common Stock $3,545,020 2.37% 38,000 $374,194 Down ×1
OSBC Old Second Bancorp, Inc. - Common Stock $3,529,669 2.36% 151,358 $482,082 Up ×2
FFBC First Financial Bancorp. - Common Stock $3,472,210 2.32% 102,637 $286,585 Down ×1
BWB Bridgewater Bancshares, Inc. - Common Stock $3,466,382 2.32% 164,752 $249,619 Down ×2
NPB Northpointe Bancshares, Inc. Common Stock $3,397,181 2.27% 177,121 $-833,366 Down ×1
SFST Southern First Bancshares, Inc. - Common Stock $3,318,830 2.22% 54,318 Up ×1
RBB RBB Bancorp - Common Stock $2,995,308 2.00% 109,258 $669,034 Up ×1
FHN First Horizon Corporation Common Stock $2,958,574 1.98% 115,389 $-323,327 Down ×3
COF Capital One Financial Corporation Common Stock $2,947,108 1.97% 14,690 $-20,846 Down ×3
JCAP Jefferson Capital, Inc. - Common Stock $2,830,685 1.89% 145,387 $-459,414 Down ×1
BKU BankUnited, Inc. Common Stock $2,800,701 1.87% 57,806 $92,411 Down ×2
ONB Old National Bancorp - Common Stock $2,766,560 1.85% 106,817 $169,169 Down ×2
NP Neptune Insurance Holdings Inc. Class A Common Stock $2,631,951 1.76% 83,554 $830,933 Up ×1
OBT Orange County Bancorp, Inc. - Common Stock $2,594,572 1.74% 70,543 $9,245 Down ×3
CRBG Corebridge Financial Inc. Common Stock $2,574,896 1.72% 89,937 $428,999
BCS Barclays PLC Common Stock $2,530,212 1.69% 94,200 $536,940
FCNCA First Citizens BancShares, Inc. - Class A Common Stock $2,528,160 1.69% 1,215 $-866,113 Down ×3
PFS Provident Financial Services, Inc Common Stock $2,492,082 1.67% 105,418 $-346,532 Down ×2
COKE Coca-Cola Consolidated, Inc. - Common Stock $2,338,770 1.56% 12,250 $-10,045
OPY Oppenheimer Holdings, Inc. Class A Common Stock (DE) $2,110,800 1.41% 20,000 $327,000
OSPN OneSpan Inc. - Common Stock $1,865,514 1.25% 130,001 $496,603
BRBS CUSIP: 095825105 $1,670,936 1.12% 473,353 $-531,137 Down ×1
EQH Equitable Holdings, Inc. Common Stock $1,641,112 1.10% 37,400 $253,198
WEX WEX Inc. common stock $1,523,772 1.02% 10,800 $100,500 Up ×1
KBH KB Home Common Stock $1,502,160 1.00% 24,000 $260,160
CUBI Customers Bancorp, Inc Common Stock $1,291,782 0.86% 16,331 $-234,960 Down ×1
CARE Carter Bankshares, Inc. - Common Stock $1,224,394 0.82% 36,001 $-1,078,643 Down ×2
GDOT Green Dot Corporation Class A Common Stock, $0.001 par value $1,187,705 0.79% 87,913 $-640,179 Down ×1
WIX Wix.com Ltd. - Ordinary Shares $1,088,880 0.73% 24,000 $-1,072,800
HTH Hilltop Holdings Inc. $985,012 0.66% 25,400 $75,184
BPOP Popular, Inc. - Common Stock $923,841 0.62% 5,627 $151,827 Down ×4
CCB Coastal Financial Corporation - Common Stock $918,726 0.61% 11,853 $-14,945 Down ×3
HCKT The Hackett Group, Inc. - Common Stock $915,450 0.61% 85,000 $-190,400
CNOB ConnectOne Bancorp, Inc. - Common Stock $893,717 0.60% 26,726 $162,254 Down ×3
RKT Rocket Companies, Inc. Class A Common Stock $866,250 0.58% 55,000 Up ×1
NBBK NB Bancorp, Inc. - Common Stock $861,069 0.58% 40,751 $-12,430 Down ×2
HTB HomeTrust Bancshares, Inc. Common Stock $858,258 0.57% 17,203 $-1,679,417 Down ×3
RRR Red Rock Resorts, Inc. - Class A Common Stock $842,852 0.56% 12,955 $151,573
OPTU Optimum Communications, Inc. Class A common stock $725,000 0.48% 500,000 Up ×1
EFSI Eagle Financial Services Inc - Common Stock $679,903 0.45% 16,399 $-156,469 Down ×5
WFG West Fraser Timber Co. Ltd Common stock $676,900 0.45% 10,000 $24,000
ASB Associated Banc-Corp Common Stock $615,400 0.41% 20,000 Up ×1
WTFC Wintrust Financial Corporation - Common Stock $610,897 0.41% 3,801 $69,031 Down ×3
FSBC Five Star Bancorp - Common Stock $581,943 0.39% 11,952 $-1,663,378 Down ×3
TFC Truist Financial Corporation Common Stock $576,517 0.39% 11,572 $25,015 Down ×3
FITB Fifth Third Bancorp - Common Stock $570,070 0.38% 10,113 $83,123 Down ×1
BCAL California BanCorp - Common Stock $539,277 0.36% 25,877 $71,150 Down ×6
TCBX Third Coast Bancshares, Inc. - Common Stock $503,909 0.34% 12,473 $21,160 Down ×6
AX Axos Financial, Inc. Common Stock $486,950 0.33% 5,000 $51,289 Down ×4
FRME First Merchants Corporation - Common Stock $464,512 0.31% 10,632 $43,517 Down ×3
WAL Western Alliance Bancorporation Common Stock (DE) $455,470 0.30% 5,541 $49,429 Down ×3
ABCB Ameris Bancorp Common Stock $446,426 0.30% 4,946 $50,939 Down ×3
AAMI Acadian Asset Management Inc. Common Stock $367,827 0.25% 5,143 $87,945
PAMT PAMT CORP - Common Stock $350,250 0.23% 25,000 $139,000
DBI Designer Brands Inc. Class A Common Stock $282,755 0.19% 48,500 $-269,175 Down ×1
KROS Keros Therapeutics, Inc. - common stock $160,500 0.11% 15,000 $-5,100
ASTL Algoma Steel Group Inc. - Common Shares $44,550 0.03% 11,000 $-880

Biggest new bets

09

New positions opened this quarter, largest first.

SecurityValueShares% of portfolio
FSUN $3,758,790 96,926 2.51%
SFST $3,318,830 54,318 2.22%
RKT $866,250 55,000 0.58%
OPTU $725,000 500,000 0.48%
ASB $615,400 20,000 0.41%

Top movers (QoQ)

10
SecurityActionShares ΔValue Δ
HTB Trimmed -42K -$1.7M
FSBC Trimmed -48K -$1.7M
CNNE Bought more +50K +$1.3M
FRST Bought more +39K +$1.2M
CARE Trimmed -63K -$1.1M
WIX Price move only +0 -$1.1M
FCNCA Trimmed -586 -$866K
NPB Trimmed -68K -$833K
NP Bought more +9K +$831K
RBB Bought more +401 +$669K

Exited positions

11

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarterShares beforeValue beforePrice since exit
FFWM March 31, 2026 720,621 $4,439,025 No longer tracked
FBMS June 30, 2025 106,149 $3,588,898 No longer tracked
MOFG June 30, 2025 115,207 $3,411,279 No longer tracked
DCOM June 30, 2025 116,305 $3,242,583 48.0%
WASH June 30, 2025 89,265 $2,754,718 36.0%
CBC March 31, 2026 100,600 $2,426,472 33.7%
VBTX Sept. 30, 2025 80,699 $2,106,244 No longer tracked
BHRB March 31, 2026 32,618 $2,032,428 12.2%
WBS March 31, 2026 31,950 $2,010,933 No longer tracked
CBNA June 30, 2026 56,494 $1,971,641 12.4%
TOWN Dec. 31, 2025 53,821 $1,860,592 8.0%
FSUN June 30, 2025 50,000 $1,807,500 13.7%
CIVB Dec. 31, 2025 86,787 $1,762,644 21.4%
CADE Dec. 31, 2025 38,638 $1,450,471 No longer tracked
C March 31, 2026 11,807 $1,377,759 13.3%
NWFL June 30, 2025 52,877 $1,278,037 30.7%
MBIN Dec. 31, 2025 36,297 $1,154,245 46.7%
DTST March 31, 2026 200,000 $1,024,000 -11.9%
SLM June 30, 2025 30,103 $884,125 -30.6%
TMP June 30, 2026 10,710 $844,376 No longer tracked
PCB Sept. 30, 2025 40,000 $839,200 33.4%
BRKL Sept. 30, 2025 76,651 $808,668 No longer tracked
BY Sept. 30, 2025 30,000 $801,900 36.1%
SPLP Sept. 30, 2025 20,040 $792,582 No longer tracked
EQBK June 30, 2025 20,000 $788,000 17.0%
CMA March 31, 2026 9,026 $784,630 No longer tracked
HTBK March 31, 2026 65,199 $783,040 No longer tracked
LNKB Dec. 31, 2025 93,070 $663,589 No longer tracked
SSSS Sept. 30, 2025 79,111 $649,501 No longer tracked
WNEB June 30, 2025 60,000 $558,000 50.9%
STEL March 31, 2026 16,606 $513,790 No longer tracked
AMTB Dec. 31, 2025 26,031 $501,617 51.5%
PNFP Dec. 31, 2025 5,313 $498,306 0.7%
ODP Sept. 30, 2025 24,000 $435,120 No longer tracked
RNST March 31, 2026 12,191 $429,367 10.5%
HOOD June 30, 2025 10,000 $416,200 20.4%
FULT Sept. 30, 2025 22,686 $409,255 22.4%
SNV March 31, 2026 7,809 $390,840 No longer tracked
HBNC March 31, 2026 16,412 $278,348 17.6%
PPBI Sept. 30, 2025 11,026 $232,538 No longer tracked