Petiole USA ltd
Net seller this quarter
$139M
30
-$27.3M
54.9%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 CBK | $9.4M | 6.75% | 2.12% | Not reported | Q4 2025 |
 FXNC | $9.17M | 6.59% | 3.38% | -0.8% | Q4 2021 |
 CBAN | $9.01M | 6.48% | 2.12% | -1.4% | Q1 2022 |
 RNST | $8.26M | 5.94% | 0.21% | -0.6% | Q2 2025 |
 BANC | $8.11M | 5.83% | 0.26% | 0.0% | Q4 2021 |
 ORRF | $6.85M | 4.92% | 0.85% | -2.3% | Q3 2024 |
 MPB | $6.7M | 4.82% | 0.76% | -1.1% | Q4 2021 |
 HWC | $6.44M | 4.63% | 0.11% | Not reported | Q4 2021 |
 CCNE | $6.38M | 4.58% | 0.64% | Not reported | Q3 2022 |
 CARE | $6.1M | 4.38% | 0.81% | -53.0% | Q4 2021 |
 UMBF | $6.08M | 4.37% | 0.06% | Not reported | Q1 2025 |
 WAL | $5.41M | 3.89% | 0.06% | -16.1% | Q2 2022 |
 FCNCA | $5.03M | 3.61% | Not reported | Not reported | Q1 2022 |
 WTFC | $4.78M | 3.44% | 0.04% | Not reported | Q4 2021 |
 FRME | $4.11M | 2.95% | 0.15% | Not reported | Q1 2022 |
 BCAL | $3.96M | 2.84% | 0.59% | -1.3% | Q2 2023 |
 FRST | $3.77M | 2.71% | 0.93% | Not reported | Q4 2021 |
 SHBI | $3.38M | 2.43% | 0.44% | Not reported | Q4 2021 |
 EQBK | $2.81M | 2.02% | 0.28% | Not reported | Q4 2023 |
 FNWB | $2.75M | 1.97% | 2.67% | -1.4% | Q4 2021 |
 CFG | $2.61M | 1.87% | 0.01% | -34.8% | Q2 2022 |
 PNFP | $2.59M | 1.86% | 0.02% | -36.4% | Q4 2021 |
 HAFC | $2.22M | 1.59% | 0.23% | -2.0% | Q4 2021 |
 FNB | $1.89M | 1.36% | 0.03% | -33.9% | Q1 2022 |
 HBAN | $1.88M | 1.35% | 0.01% | -37.2% | Q4 2021 |
 COLB | $1.66M | 1.19% | 0.02% | -32.9% | Q4 2022 |
 EWBC | $1.63M | 1.17% | 0.01% | -32.3% | Q1 2026 |
 SSB | $1.46M | 1.05% | 0.02% | -33.8% | Q4 2022 |
 BANR | $1.3M | 0.94% | 0.06% | -36.9% | Q3 2023 |
 SBFG | $668K | 0.48% | 0.42% | -84.3% | Q4 2021 |
| Q1 2026 | |||||
| CBAN | $9.08M | 6.35% | 2.15% | -1.7% | Q1 2022 |
| CARE | $8.89M | 6.22% | 1.72% | -1.4% | Q4 2021 |
| FXNC | $8.29M | 5.80% | 3.41% | -1.1% | Q4 2021 |
| CBK | $7.57M | 5.29% | 2.12% | -6.9% | Q4 2025 |
| WBS | $7.07M | 4.95% | 0.06% | Not reported | Q1 2022 |
| RNST | $7.06M | 4.94% | 0.21% | -0.8% | Q2 2025 |
| BANC | $6.98M | 4.88% | 0.26% | Not reported | Q4 2021 |
| MPB | $6.26M | 4.37% | 0.77% | -1.3% | Q4 2021 |
| ORRF | $6.2M | 4.33% | 0.88% | -2.9% | Q3 2024 |
| WAL | $5.56M | 3.89% | 0.07% | -3.2% | Q2 2022 |
| HWC | $5.48M | 3.83% | 0.11% | Not reported | Q4 2021 |
| CCNE | $5.48M | 3.83% | 0.64% | Not reported | Q3 2022 |
| UMBF | $4.81M | 3.36% | 0.06% | +76.7% | Q1 2025 |
| FCNCA | $4.55M | 3.18% | Not reported | -60.9% | Q1 2022 |
| WTFC | $4.13M | 2.89% | 0.04% | Not reported | Q4 2021 |
| FRME | $3.64M | 2.55% | 0.15% | Not reported | Q1 2022 |
| SBFG | $3.55M | 2.48% | 2.68% | Not reported | Q4 2021 |
| PNFP | $3.48M | 2.43% | 0.03% | +19.5% | Q4 2021 |
| CFG | $3.42M | 2.39% | 0.01% | -7.6% | Q2 2022 |
| BCAL | $3.41M | 2.38% | 0.60% | -1.7% | Q2 2023 |
| FRST | $3.06M | 2.14% | 0.93% | Not reported | Q4 2021 |
| SHBI | $2.76M | 1.93% | 0.44% | Not reported | Q4 2021 |
| HBAN | $2.64M | 1.85% | 0.01% | -6.6% | Q4 2021 |
| EQBK | $2.55M | 1.78% | 0.30% | Not reported | Q4 2023 |
| FNB | $2.51M | 1.76% | 0.04% | -6.8% | Q1 2022 |
| FNWB | $2.24M | 1.57% | 2.71% | -1.8% | Q4 2021 |
| COLB | $2.11M | 1.48% | 0.03% | -7.0% | Q4 2022 |
| SSB | $2.04M | 1.42% | 0.02% | -6.8% | Q4 2022 |
| EWBC | $1.99M | 1.39% | 0.01% | New | Q1 2026 |
| BANR | $1.89M | 1.32% | 0.09% | -6.6% | Q3 2023 |
| HAFC | $1.84M | 1.29% | 0.23% | -2.5% | Q4 2021 |
| Q4 2025 | |||||
| FCNCA | $13.3M | 8.59% | Not reported | +39.9% | Q1 2022 |
| CBAN | $8.25M | 5.35% | 2.18% | Not reported | Q1 2022 |
| FXNC | $7.86M | 5.10% | 3.45% | Not reported | Q4 2021 |
| CBK | $7.68M | 4.98% | 2.28% | New | Q4 2025 |
| BANC | $7.66M | 4.97% | 0.26% | 0.0% | Q4 2021 |
| CARE | $7.61M | 4.93% | 1.75% | Not reported | Q4 2021 |
| RNST | $6.93M | 4.49% | 0.21% | Not reported | Q2 2025 |
| WAL | $6.82M | 4.42% | 0.07% | Not reported | Q2 2022 |
| WBS | $6.41M | 4.16% | 0.06% | Not reported | Q1 2022 |
| ORRF | $6.27M | 4.06% | 0.91% | Not reported | Q3 2024 |
| MPB | $6.11M | 3.96% | 0.86% | Not reported | Q4 2021 |
| HWC | $5.49M | 3.56% | 0.10% | Not reported | Q4 2021 |
| CCNE | $4.95M | 3.21% | 0.64% | Not reported | Q3 2022 |
| WTFC | $4.16M | 2.70% | 0.04% | Not reported | Q4 2021 |
| SBFG | $3.76M | 2.44% | 2.68% | -4.1% | Q4 2021 |
| BCAL | $3.65M | 2.37% | 0.60% | Not reported | Q2 2023 |
| CFG | $3.61M | 2.34% | 0.01% | Not reported | Q2 2022 |
| FRME | $3.52M | 2.28% | 0.17% | Not reported | Q1 2022 |
| SNV | $3.51M | 2.27% | 0.05% | Not reported | Q4 2021 |
| PNFP | $3.23M | 2.09% | 0.04% | Not reported | Q4 2021 |
| FRST | $3.2M | 2.08% | 0.93% | Not reported | Q4 2021 |
| HBAN | $3.14M | 2.03% | 0.01% | Not reported | Q4 2021 |
 ZION | $2.93M | 1.90% | 0.03% | Not reported | Q4 2021 |
| UMBF | $2.77M | 1.80% | 0.03% | Not reported | Q1 2025 |
| FNB | $2.76M | 1.79% | 0.05% | Not reported | Q1 2022 |
| SHBI | $2.61M | 1.69% | 0.44% | Not reported | Q4 2021 |
| EQBK | $2.56M | 1.66% | 0.30% | Not reported | Q4 2023 |
| FNWB | $2.46M | 1.60% | 2.77% | Not reported | Q4 2021 |
| COLB | $2.32M | 1.50% | 0.03% | Not reported | Q4 2022 |
| SSB | $2.22M | 1.44% | 0.02% | Not reported | Q4 2022 |
| BANR | $2.09M | 1.35% | 0.10% | Not reported | Q3 2023 |
| HAFC | $1.94M | 1.26% | 0.24% | Not reported | Q4 2021 |
| Q3 2025 | |||||
| FCNCA | $7.9M | 5.46% | Not reported | Not reported | Q1 2022 |
| CBAN | $7.87M | 5.44% | 2.65% | Not reported | Q1 2022 |
| CARE | $7.51M | 5.19% | 1.73% | Not reported | Q4 2021 |
| RNST | $7.26M | 5.02% | 0.21% | Not reported | Q2 2025 |
| FXNC | $7.06M | 4.88% | 3.46% | Not reported | Q4 2021 |
| WAL | $7.03M | 4.86% | 0.07% | -4.3% | Q2 2022 |
| BANC | $6.57M | 4.54% | 0.26% | 0.0% | Q4 2021 |
| WBS | $6.06M | 4.18% | 0.06% | Not reported | Q1 2022 |
| ORRF | $6.01M | 4.15% | 0.91% | Not reported | Q3 2024 |
| MPB | $5.65M | 3.90% | 0.86% | Not reported | Q4 2021 |
| HWC | $5.4M | 3.73% | 0.10% | Not reported | Q4 2021 |
| CCNE | $4.58M | 3.16% | 0.64% | Not reported | Q3 2022 |
| WTFC | $3.94M | 2.72% | 0.04% | Not reported | Q4 2021 |
| FRME | $3.55M | 2.45% | 0.16% | Not reported | Q1 2022 |
 VLY | $3.52M | 2.43% | 0.06% | Not reported | Q4 2024 |
| SNV | $3.44M | 2.38% | 0.05% | -8.1% | Q4 2021 |
| SBFG | $3.4M | 2.35% | 2.78% | Not reported | Q4 2021 |
| CFG | $3.28M | 2.27% | 0.01% | -8.5% | Q2 2022 |
| BCAL | $3.26M | 2.25% | 0.60% | Not reported | Q2 2023 |
| PNFP | $3.17M | 2.19% | 0.04% | -8.1% | Q4 2021 |
| HBAN | $3.12M | 2.16% | 0.01% | -9.6% | Q4 2021 |
| CMA | $3.09M | 2.13% | 0.04% | -9.6% | Q4 2022 |
| UMBF | $2.85M | 1.97% | 0.03% | Not reported | Q1 2025 |
| ZION | $2.83M | 1.95% | 0.03% | Not reported | Q4 2021 |
 ISTR | $2.75M | 1.90% | 1.21% | -18.9% | Q4 2021 |
| FNB | $2.6M | 1.79% | 0.04% | -8.1% | Q1 2022 |
| SHBI | $2.42M | 1.67% | 0.44% | Not reported | Q4 2021 |
| FRST | $2.42M | 1.67% | 0.93% | Not reported | Q4 2021 |
| SSB | $2.34M | 1.61% | 0.02% | -8.1% | Q4 2022 |
| EQBK | $2.33M | 1.61% | 0.30% | Not reported | Q4 2023 |
| BANR | $2.18M | 1.51% | 0.10% | -9.5% | Q3 2023 |
| COLB | $2.13M | 1.47% | 0.03% | -7.7% | Q4 2022 |
| FNWB | $2.07M | 1.43% | 2.78% | Not reported | Q4 2021 |
| HAFC | $1.77M | 1.22% | 0.24% | Not reported | Q4 2021 |
 EBMT | $891K | 0.62% | 0.65% | -49.8% | Q1 2022 |