Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SPDR SERIES TRUST(Put) ST STR SP REGBNK | 0 | 175,000 | +175,000 | 0 | 11,342 | — | +11,342 |
| SELECT SECTOR SPDR TR(Put) ST STR FINL ETF | 0 | 200,000 | +200,000 | 0 | 10,954 | — | +10,954 |
| COMMERCIAL BANCGROUP INC | 0 | 374,847 | +374,847 | 0 | 9,206 | 2.73% | +9,206 |
| ISHARES TR(Put) | 0 | 100,000 | +100,000 | 0 | 8,063 | — | +8,063 |
| SPDR S&P 500 ETF TR(SPY)(Put) | 10,000 | 20,000 | +10,000 | 6,662 | 13,638 | — | +6,977 |
| FB FINL CORP(FBK) | 0 | 120,000 | +120,000 | 0 | 6,696 | 1.98% | +6,696 |
| ISHARES TR(Put) | 15,000 | 40,000 | +25,000 | 3,629 | 9,846 | — | +6,217 |
| ABACUS GLOBAL MGMT INC(ABX) | 1,918,601 | 2,012,500 | +93,899 | 10,994 | 17,207 | 5.10% | +6,213 |
| TRUIST FINL CORP(TFC)(Call) | 0 | 125,000 | +125,000 | 0 | 6,151 | — | +6,151 |
| BANC OF CALIFORNIA INC(BANC) | 0 | 250,000 | +250,000 | 0 | 4,823 | 1.43% | +4,823 |
| CENTRAL BANCOMPANY(CBC) | 0 | 200,601 | +200,601 | 0 | 4,727 | 1.40% | +4,727 |
| SPDR SERIES TRUST(Put) ST STR SP BANK | 0 | 75,000 | +75,000 | 0 | 4,552 | — | +4,552 |
| PRIMIS FINANCIAL CORP | 1,217,327 | 1,217,327 | 0 | 12,819 | 16,933 | 5.02% | +4,114 |
| FLAGSTAR BANK NATIONAL ASSOC(FLG) | 16,530 | 316,332 | +299,802 | 191 | 3,983 | 1.18% | +3,792 |
| STATE STR CORP(STT)(Call) | 0 | 25,000 | +25,000 | 0 | 3,225 | — | +3,225 |
| PNC FINL SVCS GROUP INC(PNC)(Put) | 0 | 15,000 | +15,000 | 0 | 3,131 | — | +3,131 |
| MIDWESTONE FINL GROUP INC NE | 150,000 | 184,100 | +34,100 | 4,244 | 7,088 | 2.10% | +2,844 |
| VERSABANK NEW | 1,031,134 | 1,057,693 | +26,559 | 12,555 | 15,392 | 4.56% | +2,837 |
| KEYCORP(KEY)(Put) | 25,000 | 150,000 | +125,000 | 467 | 3,096 | — | +2,629 |
| BEACON FINANCIAL CORP. | 20,000 | 106,393 | +86,393 | 474 | 2,806 | 0.83% | +2,331 |
| FIRSTSUN CAP BANCORP(FSUN) | 81,233 | 140,515 | +59,282 | 3,151 | 5,288 | 1.57% | +2,137 |
| CITIZENS FINL GROUP INC(CFG)(Put) | 15,000 | 50,000 | +35,000 | 797 | 2,921 | — | +2,123 |
| ATLANTIC UN BANKSHARES CORP(AUB) | 50,000 | 100,000 | +50,000 | 1,765 | 3,530 | 1.05% | +1,766 |
| US BANCORP DEL(USB)(Put) | 0 | 25,000 | +25,000 | 0 | 1,334 | — | +1,334 |
| EQUITY BANCSHARES INC(EQBK) | 392,490 | 385,236 | -7,254 | 15,971 | 17,204 | 5.10% | +1,233 |
| ALLY FINL INC(ALLY)(Put) | 0 | 25,000 | +25,000 | 0 | 1,132 | — | +1,132 |
| FIRST WESTN FINL INC | 253,336 | 253,336 | 0 | 5,834 | 6,792 | 2.01% | +958 |
| FIRST HORIZON CORPORATION(FHN) | 457,770 | 465,000 | +7,230 | 10,350 | 11,114 | 3.29% | +763 |
| COMMERCE BANCSHARES INC(CBSH) | 0 | 14,123 | +14,123 | 0 | 742 | 0.22% | +742 |
| FIRST MERCHANTS CORP(FRME) | 75,000 | 95,000 | +20,000 | 2,828 | 3,561 | 1.05% | +733 |
| BUSINESS FIRST BANCSHARES IN(BFST) | 250,000 | 250,000 | 0 | 5,903 | 6,535 | 1.94% | +633 |
| ORIGIN BANCORP INC(OBK) | 200,000 | 200,000 | 0 | 6,904 | 7,522 | 2.23% | +618 |
| USCB FINANCIAL HOLDINGS INC | 487,142 | 487,142 | 0 | 8,497 | 8,973 | 2.66% | +476 |
| PEAPACK-GLADSTONE FINL CORP | 24,277 | 39,677 | +15,400 | 670 | 1,105 | 0.33% | +435 |
| CIVISTA BANCSHARES INC | 225,335 | 225,335 | 0 | 4,589 | 5,007 | 1.48% | +418 |
| AMERANT BANCORP INC | 311,897 | 326,408 | +14,511 | 5,981 | 6,368 | 1.89% | +388 |
| RENASANT CORP | 250,000 | 270,000 | +20,000 | 9,223 | 9,509 | 2.82% | +287 |
| COASTAL FINL CORP WA | 29,700 | 30,000 | +300 | 3,152 | 3,438 | 1.02% | +286 |
| FIRST FNDTN INC COM | 400,000 | 400,000 | 0 | 2,228 | 2,464 | 0.73% | +236 |
| FINANCIAL INSTNS INC(FISI) | 106,022 | 100,000 | -6,022 | 2,884 | 3,117 | 0.92% | +233 |
| OLD SECOND BANCORP INC ILL(OSBC) | 100,000 | 100,000 | 0 | 1,729 | 1,950 | 0.58% | +222 |
| MAINSTREET BANCSHARES INC | 38,526 | 47,312 | +8,786 | 752 | 963 | 0.29% | +212 |
| SHORE BANCSHARES INC | 155,290 | 155,290 | 0 | 2,540 | 2,746 | 0.81% | +205 |
| BYLINE BANCORP INC(BY) | 125,000 | 125,000 | 0 | 3,466 | 3,644 | 1.08% | +178 |
| INVESTAR HLDG CORP | 38,037 | 38,037 | 0 | 887 | 1,017 | 0.30% | +130 |
| AMERIS BANCORP(ABCB) | 25,250 | 25,500 | +250 | 1,789 | 1,894 | 0.56% | +104 |
| HOMETRUST BANCSHARES INC(HTB) | 46,847 | 46,847 | 0 | 1,918 | 2,012 | 0.60% | +94 |
| MERIDIAN CORPORATION | 26,722 | 26,722 | 0 | 404 | 470 | 0.14% | +65 |
| SOUTHERN FIRST BANCSHARES | 5,582 | 5,582 | 0 | 245 | 288 | 0.09% | +43 |
| REGIONS FINANCIAL CORP NEW(RF)(Put) | 50,000 | 50,000 | 0 | 1,319 | 1,355 | — | +37 |
| LIVE OAK BANCSHARES INC(LOB) | 49,750 | 50,000 | +250 | 1,685 | 1,718 | 0.51% | +33 |
| FIRST BUSEY CORP(BUSE) | 50,000 | 50,000 | 0 | 1,158 | 1,190 | 0.35% | +32 |
| CARTER BANKSHARES INC | 117,392 | 117,392 | 0 | 2,279 | 2,308 | 0.68% | +29 |
| HUNTINGTON BANCSHARES INC(HBAN)(Put) | 100,000 | 100,000 | 0 | 1,727 | 1,735 | — | +8 |
| NBT BANCORP INC(NBTB) | 15,000 | 15,000 | 0 | 626 | 623 | 0.18% | -4 |
| NORTHPOINTE BANCSHARES INC. | 165,614 | 165,614 | 0 | 2,829 | 2,779 | 0.82% | -50 |
| PROVIDENT FINL SVCS INC(PFS) | 125,000 | 115,000 | -10,000 | 2,410 | 2,271 | 0.67% | -139 |
| BRIDGEWATER BANCSHARES INC | 127,530 | 120,000 | -7,530 | 2,245 | 2,104 | 0.62% | -141 |
| NICOLET BANKSHARES INC | 19,800 | 20,000 | +200 | 2,646 | 2,426 | 0.72% | -220 |
| LINKBANCORP INC COM | 63,085 | 0 | -63,085 | 448 | 0 | — | -448 |
| HERITAGE COMM CORP | 50,000 | 0 | -50,000 | 497 | 0 | — | -496 |
| OCEANFIRST FINL CORP(OCFC) | 50,000 | 0 | -50,000 | 879 | 0 | — | -878 |
| CALIFORNIA BANCORP | 341,340 | 254,878 | -86,462 | 5,694 | 4,759 | 1.41% | -935 |
| COASTALSOUTH BANCSHARES INC | 332,349 | 265,788 | -66,561 | 7,243 | 6,180 | 1.83% | -1,063 |
| FIFTH THIRD BANCORP(FITB)(Put) | 25,000 | 0 | -25,000 | 1,114 | 0 | — | -1,114 |
| AVIDBANK HLDGS INC | 297,646 | 234,553 | -63,093 | 7,596 | 6,230 | 1.85% | -1,366 |
| CHOICEONE FINL SVCS INC | 50,000 | 0 | -50,000 | 1,448 | 0 | — | -1,448 |
| M & T BK CORP(MTB)(Put) | 7,500 | 0 | -7,500 | 1,482 | 0 | — | -1,482 |
| SPDR SERIES TRUST(Put) ST STR SP BANK | 25,000 | 0 | -25,000 | 1,486 | 0 | — | -1,485 |
| WESBANCO INC(WSBC) | 50,000 | 0 | -50,000 | 1,597 | 0 | — | -1,596 |
| BANK AMERICA CORP | 34,750 | 0 | -34,750 | 1,704 | 0 | — | -1,704 |
| CADENCE BANK | 50,000 | 0 | -50,000 | 1,877 | 0 | — | -1,877 |
| OLD NATL BANCORP IND(ONB) | 149,750 | 50,000 | -99,750 | 3,286 | 1,116 | 0.33% | -2,170 |
| FLUSHING FINL CORP | 171,299 | 0 | -171,299 | 2,365 | 0 | — | -2,365 |
| SYNOVUS FINL CORP | 49,750 | 0 | -49,750 | 2,420 | 0 | — | -2,420 |
| SELECT SECTOR SPDR TR(Put) ST STR FINL ETF | 50,000 | 0 | -50,000 | 2,694 | 0 | — | -2,693 |
| SIMMONS 1ST NATL CORP(SFNC) | 406,570 | 250,000 | -156,570 | 7,794 | 4,713 | 1.40% | -3,081 |
| MECHANICS BANCORP(MCHB) | 1,054,839 | 726,502 | -328,337 | 14,043 | 10,629 | 3.15% | -3,414 |
| FLAGSTAR FINANCIAL INC(FLG)(Call) | 298,552 | 0 | -298,552 | 3,429 | 0 | — | -3,429 |
| SPDR SERIES TRUST(Put) ST STR SP REGBNK | 75,000 | 0 | -75,000 | 3,738 | 0 | — | -3,738 |
| BANC OF CALIFORNIA INC(BANC)(Call) | 297,025 | 0 | -297,025 | 4,846 | 0 | — | -4,846 |
| FB FINL CORP(FBK)(Call) | 144,000 | 0 | -144,000 | 7,623 | 0 | — | -7,623 |