Fund HoldingsNorth Reef Capital Management LP

Total Portfolio Value
$2.91B
Total Bought
$1.04B
Total Sold
$611.93M
Net Transaction
+$429.13M
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
KEYCORP(KEY)012,650,000+12,650,0000253,6338.73%+253,633
TRUSTMARK CORP(TRMK)01,952,930+1,952,930082,2962.83%+82,296
PIPER SANDLER COMPANIES(PIPR)0964,632+964,632073,8432.54%+73,843
ALKAMI TECHNOLOGY INC(ALKT)2,100,0007,650,000+5,550,00048,447119,8764.13%+71,429
CENTRAL BANCOMPANY(CBC)1,310,6734,075,000+2,764,32731,61397,5963.36%+65,983
AMERIS BANCORP(ABCB)2,737,0283,423,243+686,215203,279266,9799.19%+63,700
FIRST HORIZON CORPORATION(FHN)11,516,84014,453,208+2,936,368275,252328,95511.32%+53,703
PROSPERITY BANCSHARES INC(PB)445,0001,107,877+662,87730,75474,4272.56%+43,673
FLAGSTAR BANK NATIONAL ASSOC(FLG)02,790,000+2,790,000036,7441.26%+36,744
FIDELITY NATL INFORMATION SV(FIS)0775,000+775,000036,3551.25%+36,355
SCHWAB CHARLES CORP(SCHW)0350,000+350,000032,8931.13%+32,893
AMERANT BANCORP INC01,160,488+1,160,488025,5770.88%+25,577
RAYMOND JAMES FINL INC(RJF)0159,162+159,162023,0450.79%+23,045
I3 VERTICALS INC75,7111,025,000+949,2891,90722,9190.79%+21,012
PAYMENTUS HOLDINGS INC(PAY)0734,551+734,551018,6580.64%+18,658
MARKETAXESS HLDGS INC(MKTX)1,609,3301,875,000+265,670291,691309,33810.65%+17,646
AMERICAN EXPRESS CO(AXP)050,000+50,000015,1240.52%+15,124
VISA INC(V)270,000360,000+90,00094,692108,8063.74%+14,115
NATIONAL BK HLDGS CORP(NBHC)0320,352+320,352012,5450.43%+12,545
BANNER CORP(BANR)0195,449+195,449011,8600.41%+11,860
WEALTHFRONT CORP(WLTH)1,226,6332,885,257+1,658,62416,67026,6890.92%+10,019
PINNACLE FINL PARTNERS INC(PNFP)0100,935+100,93508,6950.30%+8,695
GLOBAL PMTS INC(GPN)0100,000+100,00006,7300.23%+6,730
TRADEWEB MKTS INC(TW)316,039337,071+21,03233,98739,6601.36%+5,673
JEFFERSON CAPITAL INC(JCAP)239,473532,151+292,6785,35010,2330.35%+4,883
EAGLE BANCORPORATION INC(EGBN)2,940,0002,706,025-233,97562,97567,2992.32%+4,324
FLYWIRE CORPORATION(FLYW)600,0011,100,000+499,9998,49612,8040.44%+4,308
STIFEL FINL CORP(SF)057,230+57,23004,2300.15%+4,230
BANC OF CALIFORNIA INC(BANC)1,156,6801,500,000+343,32022,31226,3700.91%+4,058
CAPITAL ONE FINL CORP(COF)018,659+18,65903,4040.12%+3,404
COASTALSOUTH BANCSHARES INC263,900320,982+57,0826,1367,8930.27%+1,757
MARQETA INC(MQ)6,000,0007,400,000+1,400,00028,50030,1921.04%+1,692
RBB BANCORP064,150+64,15001,3710.05%+1,371
UWM HOLDINGS CORPORATION(UWMC)0353,429+353,42901,2790.04%+1,279
SMARTFINANCIAL INC(SMBK)134,871137,088+2,2174,9895,3570.18%+369
AVIDBANK HLDGS INC123,671123,022-6493,2853,5060.12%+221
USCB FINANCIAL HOLDINGS INC123,741128,093+4,3522,2792,3750.08%+96
RENASANT CORP15,00114,923-785285390.02%+11
CVB FINL CORP(CVBF)103,824100,000-3,8241,9311,9390.07%+8
NORTHPOINTE BANCSHARES INC.258,752232,396-26,3564,3424,0110.14%-331
GCM GROSVENOR INC601,355630,179+28,8246,8076,1760.21%-632
NORTHERN TR CORP(NTRS)310,611298,559-12,05242,42641,6701.43%-756
FIRST WESTN FINL INC685,954716,609+30,65518,39017,6140.61%-776
FIGURE TECHNOLOGY SOLUTIO(FGRS)125,000119,398-5,6025,1054,0540.14%-1,051
BEACON FINANCIAL CORP.50,3440-50,3441,3280-1,328
PRIMIS FINANCIAL CORP1,203,6041,135,281-68,32316,74215,0770.52%-1,666
KLARNA GROUP PLC(KLAR)159,996223,820+63,8244,6252,9300.10%-1,696
FLUSHING FINL CORP135,0000-135,0002,0480-2,048
NEWTEKONE INC386,923198,954-187,9694,3922,1790.07%-2,213
ACI WORLDWIDE INC1,970,0002,230,000+260,00094,18691,4523.15%-2,733
GEMINI SPACE STA INC300,00049,738-250,2622,9762200.01%-2,756
AMERICAS CAR-MART INC242,187258,637+16,4506,1183,2920.11%-2,825
BULLISH(BLSH)81,2800-81,2803,0780-3,078
TEXAS CAP BANCSHARES INC(TCBI)34,5700-34,5703,1300-3,130
NCR VOYIX CORPORATION840,395810,732-29,6638,5725,1320.18%-3,440
TRICO BANCSHARES(TCBK)485,423373,141-112,28222,99417,7390.61%-5,255
SEACOAST BKG CORP FLA(SBCF)5,832,0755,825,000-7,075183,244176,4396.07%-6,805
JANUS HENDERSON GROUP PLC150,0000-150,0007,1360-7,135
MAREX GROUP PLC(MRX)190,0000-190,0007,2880-7,288
ATLANTIC UN BANKSHARES CORP(AUB)4,572,0904,285,000-287,090161,395153,1465.27%-8,249
SOUTHSTATE BK CORP90,0000-90,0008,4700-8,470
ACADIAN ASSET MANAGEMENT INC(AAMI)443,922220,239-223,68320,86411,9850.41%-8,879
SHIFT4 PMTS INC(FOUR)155,9290-155,9299,8190-9,819
FIRST FNDTN INC
COM
7,812,4755,911,778-1,900,69748,12534,8791.20%-13,245
EASTERN BANKSHARES INC(EBC)796,4510-796,45114,6790-14,679
MIAMI INTL HLDGS INC(MIAX)1,265,0001,014,274-250,72656,14139,4761.36%-16,665
FB FINL CORP(FBK)892,685500,000-392,68549,81225,9700.89%-23,842
TRUIST FINL CORP(TFC)765,7740-765,77437,6840-37,684
FIFTH THIRD BANCORP(FITB)850,0000-850,00039,7890-39,788
FIRST INTST BANCSYSTEM INC(FIBK)1,974,999325,157-1,649,84268,33510,8600.37%-57,475
Q2 HLDGS INC(QTWO)1,215,000620,814-594,18687,67429,3651.01%-58,310
PIPER SANDLER COMPANIES204,9000-204,90069,6070-69,607
STELLAR BANCORP INC2,875,2450-2,875,24588,9600-88,960
COLUMBIA BKG SYS INC(COLB)3,700,0000-3,700,000103,4150-103,415
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