2026 Q3 Portfolio Activity
In 2026 Q3, Petiole USA ltd maintained a portfolio of 44 distinct positions. The most significant new addition was QNB CORP, now representing 2.01% of the total fund value. Conversely, Petiole USA ltd completely exited their position in CARTER BANKSHARES INC.
Position History
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Total Positions
44
Quarter
2026 Q3
Top Holding
CBAN (6.7%)
Top 10 Concentration
53.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-44 of 44
Petiole USA ltd Full Holdings List — 2026 Q3
| 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 | 6.67% | 6.48% |
#1
2
Prev: #3
|
5.7 |
—
|
no change | no change |
P
S
|
448,563 | $9,034,059 | 2022 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CBK
COMMERCIAL BANC...
|
Financial Services | 6.49% | 6.75% |
#2
1
Prev: #1
|
4.6 |
—
|
-10,614 | -3.6% |
P
S
|
280,400 | $8,790,540 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
FXNC
FIRST NATL CORP...
|
Financial Services | 6.17% | 6.59% |
#3
1
Prev: #2
|
4.0 |
—
|
-21,088 | -6.9% |
P
S
|
284,252 | $8,351,324 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
RNST
RENASANT CORP
|
Financial Services | 5.58% | 5.94% |
#4
Prev: #4
|
3.7 |
—
|
no change | no change |
P
S
|
194,245 | $7,552,246 | 2025 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MPB
MID PENN BANCOR...
|
Financial Services | 5.03% | 4.82% |
#5
2
Prev: #7
|
3.5 |
—
|
no change | no change |
P
S
|
192,411 | $6,811,349 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ORRF
ORRSTOWN FINL S...
|
Financial Services | 5.03% | 4.92% |
#6
Prev: #6
|
3.0 |
—
|
no change | no change |
P
S
|
167,766 | $6,807,944 | 2024 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BANC
BANC OF CALIFOR...
|
Financial Services | 4.81% | 5.83% |
#7
2
Prev: #5
|
2.4 |
—
|
-19,493 | -4.9% |
P
S
|
377,675 | $6,507,340 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CCNE
CNB FINL CORP P...
|
Financial Services | 4.65% | 4.58% |
#8
1
Prev: #9
|
2.9 |
—
|
no change | no change |
P
S
|
189,241 | $6,297,940 | 2022 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
HWC
HANCOCK WHITNEY...
|
Financial Services | 4.59% | 4.63% |
#9
1
Prev: #8
|
2.8 |
—
|
no change | no change |
P
S
|
86,218 | $6,211,145 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
UMBF
UMB FINL CORP
|
Financial Services | 4.09% | 4.37% |
#10
1
Prev: #11
|
2.6 |
—
|
no change | no change |
P
S
|
42,622 | $5,541,286 | 2025 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
FCNCA
FIRST CTZNS BAN...
|
Financial Services | 3.68% | 3.61% |
#11
2
Prev: #13
|
2.5 |
—
|
no change | no change |
P
S
|
2,415 | $4,975,383 | 2022 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
WAL
WESTERN ALLIANC...
|
Financial Services | 3.65% | 3.89% |
#12
Prev: #12
|
2.5 |
—
|
no change | no change |
P
S
|
65,838 | $4,944,434 | 2022 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
WTFC
WINTRUST FINL C...
|
Financial Services | 3.12% | 3.44% |
#13
1
Prev: #14
|
2.2 |
—
|
no change | no change |
P
S
|
29,750 | $4,219,145 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BCAL
CALIFORNIA BANC...
|
Financial Services | 2.99% | 2.84% |
#14
2
Prev: #16
|
2.2 |
—
|
no change | no change |
P
S
|
189,804 | $4,052,315 | 2023 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
FRME
FIRST MERCHANTS...
|
Financial Services | 2.76% | 2.95% |
#15
Prev: #15
|
2.1 |
—
|
no change | no change |
P
S
|
94,047 | $3,741,190 | 2022 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
FRST
PRIMIS FINANCIA...
|
Financial Services | 2.60% | 2.71% |
#16
1
Prev: #17
|
2.0 |
—
|
no change | no change |
P
S
|
230,222 | $3,517,792 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SHBI
SHORE BANCSHARE...
|
Financial Services | 2.44% | 2.43% |
#17
1
Prev: #18
|
2.0 |
—
|
no change | no change |
P
S
|
147,487 | $3,302,234 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
QNBC
QNB CORP
|
Financial Services | 2.01% | — |
#18
Prev: #—
|
4.3 |
—
|
59,524 | — |
NEW
|
59,524 | $2,714,890 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
EQBK
EQUITY BANCSHAR...
|
Financial Services | 2.00% | 2.02% |
#19
Prev: #19
|
1.8 |
—
|
no change | no change |
P
S
|
57,364 | $2,704,139 | 2023 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
FRBA
FIRST BK WILLIA...
|
Financial Services | 1.97% | 1.97% |
#20
1
Prev: #21
|
1.8 |
—
|
no change | no change |
P
S
|
154,660 | $2,666,338 | 2023 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
FNWB
FIRST NORTHWEST...
|
Financial Services | 1.88% | 1.97% |
#21
1
Prev: #20
|
1.8 |
—
|
no change | no change |
P
S
|
254,197 | $2,544,512 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
PNFP
PINNACLE FINL P...
|
Financial Services | 1.78% | 1.86% |
#22
1
Prev: #23
|
1.7 |
—
|
no change | no change |
P
S
|
25,694 | $2,405,215 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CFG
CITIZENS FINL G...
|
Financial Services | 1.75% | 1.87% |
#23
1
Prev: #22
|
1.7 |
—
|
no change | no change |
P
S
|
37,217 | $2,372,956 | 2022 Q2 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
HAFC
HANMI FINL CORP
|
Financial Services | 1.56% | 1.59% |
#24
Prev: #24
|
1.6 |
—
|
no change | no change |
P
S
|
68,451 | $2,115,136 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
FNB
F N B CORP
|
Financial Services | 1.26% | 1.36% |
#25
Prev: #25
|
1.5 |
—
|
no change | no change |
P
S
|
99,250 | $1,708,093 | 2022 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
HBAN
HUNTINGTON BANC...
|
Financial Services | 1.20% | 1.35% |
#26
Prev: #26
|
1.5 |
—
|
no change | no change |
P
S
|
106,040 | $1,618,170 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
EWBC
EAST WEST BANCO...
|
Financial Services | 1.15% | 1.17% |
#27
1
Prev: #28
|
1.5 |
—
|
no change | no change |
P
S
|
12,600 | $1,561,518 | 2026 Q1 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
COLB
COLUMBIA BKG SY...
|
Financial Services | 1.09% | 1.19% |
#28
1
Prev: #27
|
1.4 |
—
|
no change | no change |
P
S
|
51,752 | $1,480,107 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SSB
SOUTHSTATE BK C...
|
Financial Services | 1.07% | 1.05% |
#29
Prev: #29
|
1.4 |
—
|
no change | no change |
P
S
|
14,575 | $1,451,087 | 2022 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BANR
BANNER CORP
|
Financial Services | 0.97% | 0.94% |
#30
Prev: #30
|
1.4 |
—
|
no change | no change |
P
S
|
19,615 | $1,314,205 | 2023 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
V
VISA INC
|
Financial Services | 0.72% | — |
#31
Prev: #—
|
3.8 |
—
|
2,700 | — |
NEW
|
2,700 | $970,191 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 0.69% | — |
#32
Prev: #—
|
3.8 |
—
|
2,370 | — |
NEW
|
2,370 | $934,894 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MA
MASTERCARD INCO...
|
Financial Services | 0.68% | — |
#33
Prev: #—
|
3.8 |
—
|
1,670 | — |
NEW
|
1,670 | $920,955 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BAC
BANK OF AMER CO...
|
Financial Services | 0.62% | — |
#34
Prev: #—
|
3.7 |
—
|
15,300 | — |
NEW
|
15,300 | $832,779 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
XYZ
BLOCK INC
|
Technology | 0.54% | — |
#35
Prev: #—
|
3.7 |
—
|
10,000 | — |
NEW
|
10,000 | $735,300 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
ICE
INTERCONTINENTA...
|
Financial Services | 0.54% | — |
#36
Prev: #—
|
3.7 |
—
|
4,770 | — |
NEW
|
4,770 | $725,183 | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
IBKR
INTERACTIVE BRO...
|
Financial Services | 0.42% | — |
#37
Prev: #—
|
3.7 |
—
|
6,650 | — |
NEW
|
6,650 | $568,043 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
BK
BANK OF NY MELL...
|
Financial Services | 0.41% | — |
#38
Prev: #—
|
3.7 |
—
|
3,870 | — |
NEW
|
3,870 | $559,718 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
STT
STATE STR CORP
|
Financial Services | 0.34% | — |
#39
Prev: #—
|
3.6 |
—
|
2,650 | — |
NEW
|
2,650 | $462,664 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SCHW
CHARLES SCHWAB ...
|
Financial Services | 0.34% | — |
#40
Prev: #—
|
3.6 |
—
|
4,700 | — |
NEW
|
4,700 | $459,378 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
MMC
MARSH & MCLENNA...
|
Unknown | 0.33% | — |
#41
Prev: #—
|
3.6 |
—
|
2,650 | — |
NEW
|
2,650 | $452,435 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
AJG
GALLAGHER ARTHU...
|
Financial Services | 0.32% | — |
#42
Prev: #—
|
3.6 |
—
|
1,900 | — |
NEW
|
1,900 | $433,409 | 2026 Q3 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
SBFG
SB FINL GROUP I...
|
Financial Services | 0.00% | 0.48% |
Sold All 😨
(Was: #31) |
0.0 |
—
|
-26,437 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 | |||
|
CARE
CARTER BANKSHAR...
|
Financial Services | 0.00% | 4.38% |
Sold All 😨
(Was: #10) |
0.0 |
—
|
-179,222 | -100.0% |
CLOSED
|
— | $— | 2021 Q4 | 13F Filing | 2026-09-30 | 2026-11-13 |
Showing 1-44 of 44 holdings