2026 Q1 Portfolio Activity
In 2026 Q1, Petiole USA ltd maintained a portfolio of 35 distinct positions. The most significant new addition was COMMERCIAL BANCGROUP INC, now representing 5.29% of the total fund value. They heavily accumulated shares in UMB FINL CORP, increasing the position by 76.7%. The fund also reduced its exposure to FIRST CTZNS BANCSHARES INC D by 60.9%.
Position History
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Total Positions
35
Quarter
2026 Q1
Top Holding
CBAN (6.4%)
Top 10 Concentration
51.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-35 of 35
Petiole USA ltd Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
CBAN
COLONY BANKCORP...
|
Financial Services | 6.35% | 5.35% |
#1
1
Prev: #2
|
5.0 |
—
|
-8,000 | -1.7% |
P
S
|
454,763 | $9,081,617 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CARE
CARTER BANKSHAR...
|
Financial Services | 6.22% | 4.93% |
#2
4
Prev: #6
|
4.5 |
—
|
-5,500 | -1.4% |
P
S
|
381,373 | $8,893,618 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FXNC
FIRST NATL CORP...
|
Financial Services | 5.80% | 5.10% |
#3
Prev: #3
|
3.8 |
—
|
-3,500 | -1.1% |
P
S
|
307,940 | $8,289,745 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CBK
COMMERCIAL BANC...
|
Financial Services | 5.29% | — |
#4
Prev: #—
|
6.1 |
—
|
291,014 | — |
NEW
|
291,014 | $7,572,184 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
WBS
WEBSTER FINL CO...
|
Financial Services | 4.95% | 4.16% |
#5
4
Prev: #9
|
3.5 |
—
|
no change | no change |
P
S
|
101,875 | $7,072,163 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
RNST
RENASANT CORP
|
Financial Services | 4.94% | 4.49% |
#6
1
Prev: #7
|
2.5 |
—
|
-1,500 | -0.8% |
P
S
|
195,345 | $7,057,815 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
BANC
BANC OF CALIFOR...
|
Financial Services | 4.88% | 4.97% |
#7
2
Prev: #5
|
3.0 |
—
|
no change | no change |
P
S
|
397,167 | $6,982,205 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
MPB
MID PENN BANCOR...
|
Financial Services | 4.37% | 3.96% |
#8
3
Prev: #11
|
2.2 |
—
|
-2,600 | -1.3% |
P
S
|
194,511 | $6,255,474 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
ORRF
ORRSTOWN FINL S...
|
Financial Services | 4.33% | 4.06% |
#9
1
Prev: #10
|
2.2 |
—
|
-5,200 | -2.9% |
P
S
|
171,766 | $6,197,317 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
WAL
WESTERN ALLIANC...
|
Financial Services | 3.89% | 4.42% |
#10
2
Prev: #8
|
2.1 |
—
|
-2,600 | -3.2% |
P
S
|
78,503 | $5,561,938 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
HWC
HANCOCK WHITNEY...
|
Financial Services | 3.83% | 3.56% |
#11
1
Prev: #12
|
2.5 |
—
|
no change | no change |
P
S
|
86,218 | $5,482,603 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CCNE
CNB FINL CORP P...
|
Financial Services | 3.83% | 3.21% |
#12
1
Prev: #13
|
2.5 |
—
|
no change | no change |
P
S
|
189,241 | $5,480,419 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
UMBF
UMB FINL CORP
|
Financial Services | 3.36% | 1.80% |
#13
11
Prev: #24
|
4.3 |
—
|
18,500 | 76.7% |
P
S
|
42,622 | $4,807,335 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FCNCA
FIRST CTZNS BAN...
|
Financial Services | 3.18% | 8.59% |
#14
13
Prev: #1
|
1.3 |
—
|
-3,760 | -60.9% |
P
S
|
2,415 | $4,551,454 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
WTFC
WINTRUST FINL C...
|
Financial Services | 2.89% | 2.70% |
#15
1
Prev: #14
|
2.2 |
—
|
no change | no change |
P
S
|
29,750 | $4,133,465 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FRME
FIRST MERCHANTS...
|
Financial Services | 2.55% | 2.28% |
#16
2
Prev: #18
|
2.0 |
—
|
no change | no change |
P
S
|
94,047 | $3,642,440 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
SBFG
SB FINL GROUP I...
|
Financial Services | 2.48% | 2.44% |
#17
2
Prev: #15
|
2.0 |
—
|
no change | no change |
P
S
|
168,818 | $3,545,178 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
PNFP
PINNACLE FINL P...
|
Financial Services | 2.43% | 2.09% |
#18
2
Prev: #20
|
3.0 |
—
|
6,591 | 19.5% |
P
S
|
40,405 | $3,480,487 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CFG
CITIZENS FINL G...
|
Financial Services | 2.39% | 2.34% |
#19
2
Prev: #17
|
1.5 |
—
|
-4,700 | -7.6% |
P
S
|
57,054 | $3,421,528 | 2022 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
BCAL
CALIFORNIA BANC...
|
Financial Services | 2.38% | 2.37% |
#20
4
Prev: #16
|
1.5 |
—
|
-3,300 | -1.7% |
P
S
|
192,304 | $3,407,627 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FRST
PRIMIS FINANCIA...
|
Financial Services | 2.14% | 2.08% |
#21
Prev: #21
|
1.9 |
—
|
no change | no change |
P
S
|
230,222 | $3,057,349 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
SHBI
SHORE BANCSHARE...
|
Financial Services | 1.93% | 1.69% |
#22
4
Prev: #26
|
1.8 |
—
|
no change | no change |
P
S
|
147,487 | $2,755,057 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
HBAN
HUNTINGTON BANC...
|
Financial Services | 1.85% | 2.03% |
#23
1
Prev: #22
|
1.2 |
—
|
-11,900 | -6.6% |
P
S
|
168,940 | $2,643,911 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
EQBK
EQUITY BANCSHAR...
|
Financial Services | 1.78% | 1.66% |
#24
3
Prev: #27
|
1.7 |
—
|
no change | no change |
P
S
|
57,364 | $2,547,535 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FNB
F N B CORP
|
Financial Services | 1.76% | 1.79% |
#25
Prev: #25
|
1.2 |
—
|
-11,000 | -6.8% |
P
S
|
150,151 | $2,510,525 | 2022 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FRBA
FIRST BK WILLIA...
|
Financial Services | 1.73% | 1.65% |
#26
2
Prev: #28
|
1.7 |
—
|
no change | no change |
P
S
|
154,660 | $2,474,560 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
FNWB
FIRST NORTHWEST...
|
Financial Services | 1.57% | 1.60% |
#27
2
Prev: #29
|
1.1 |
—
|
-4,800 | -1.8% |
P
S
|
257,897 | $2,238,546 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
COLB
COLUMBIA BKG SY...
|
Financial Services | 1.48% | 1.50% |
#28
2
Prev: #30
|
1.1 |
—
|
-5,800 | -7.0% |
P
S
|
77,090 | $2,114,579 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
SSB
SOUTHSTATE BK C...
|
Financial Services | 1.42% | 1.44% |
#29
2
Prev: #31
|
1.1 |
—
|
-1,600 | -6.8% |
P
S
|
22,025 | $2,037,753 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
EWBC
EAST WEST BANCO...
|
Financial Services | 1.39% | — |
#30
Prev: #—
|
4.1 |
—
|
18,600 | — |
NEW
|
18,600 | $1,985,736 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
BANR
BANNER CORP
|
Financial Services | 1.32% | 1.35% |
#31
1
Prev: #32
|
1.0 |
—
|
-2,200 | -6.6% |
P
S
|
31,085 | $1,886,238 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
HAFC
HANMI FINL CORP
|
Financial Services | 1.29% | 1.26% |
#32
1
Prev: #33
|
1.0 |
—
|
-1,800 | -2.5% |
P
S
|
69,851 | $1,841,272 | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
ZION
ZIONS BANCORPOR...
|
Financial Services | 0.00% | 1.90% |
Sold All 😨
(Was: #23) |
0.0 |
—
|
-50,000 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
SNV
SYNOVUS FINL CO...
|
Unknown | 0.00% | 2.27% |
Sold All 😨
(Was: #19) |
0.0 |
—
|
-70,063 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 | |||
|
CMA
COMERICA INC
|
Unknown | 0.00% | 4.98% |
Sold All 😨
(Was: #4) |
0.0 |
—
|
-312,500 | -100.0% |
CLOSED
|
— | $— | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-14 |
Showing 1-35 of 35 holdings