Fourthstone LLC
Net seller this quarter
$140M
25
-$521M
80.7%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 AVBH | $23.1M | 16.48% | 6.38% | -33.0% | Q3 2025 |
| FNRN | $20.6M | 14.69% | 7.01% | New | Q2 2026 |
 EFSI | $11.9M | 8.49% | 5.31% | -46.0% | Q1 2025 |
 MRBK | $10.8M | 7.68% | 4.52% | -54.2% | Q4 2019 |
 FNWB | $10M | 7.13% | 9.73% | +0.1% | Q4 2021 |
 ISTR | $9.67M | 6.88% | 2.34% | -61.0% | Q4 2019 |
 BOTJ | $8.6M | 6.12% | 7.36% | -13.2% | Q2 2023 |
 PROV | $6.43M | 4.57% | 5.91% | +1.2% | Q3 2024 |
 BHRB | $6.15M | 4.37% | 0.42% | -65.8% | Q2 2024 |
 COSO | $6.09M | 4.33% | 1.87% | -79.5% | Q3 2025 |
 CFBK | $5.26M | 3.75% | 3.01% | -75.0% | Q3 2023 |
 FCBM | $4.99M | 3.56% | Not reported | New | Q2 2026 |
 HNVR | $3.39M | 2.42% | 2.04% | -72.4% | Q1 2024 |
 CBAN | $3.34M | 2.38% | 0.79% | -91.9% | Q4 2019 |
 WSBF | $2.05M | 1.46% | 0.55% | -66.0% | Q4 2024 |
 BPRN | $2.02M | 1.44% | 0.78% | +25.3% | Q1 2025 |
 MNSB | $1.19M | 0.84% | 0.67% | -87.7% | Q2 2021 |
 BCBP | $1.08M | 0.77% | 0.56% | New | Q2 2026 |
 RVSB | $918K | 0.65% | 0.84% | Not reported | Q2 2021 |
 FNWD | $771K | 0.55% | 0.48% | Not reported | Q4 2021 |
 ATLO | $543K | 0.39% | 0.19% | -97.6% | Q2 2021 |
 AUBN | $481K | 0.34% | 0.51% | Not reported | Q2 2023 |
 TCBS | $370K | 0.26% | 0.73% | Not reported | Q2 2025 |
 VABK | $327K | 0.23% | 0.14% | -12.6% | Q2 2021 |
 CBFV | $311K | 0.22% | 0.16% | -21.1% | Q1 2021 |
| Q1 2026 | |||||
| CBAN | $41.2M | 6.99% | 9.76% | +20.7% | Q4 2019 |
 CARE | $35M | 5.94% | 6.78% | +21.5% | Q2 2020 |
 CWBC | $31.7M | 5.38% | 7.11% | +3.9% | Q2 2020 |
| AVBH | $29.8M | 5.06% | 9.55% | -4.1% | Q3 2025 |
| COSO | $27.1M | 4.59% | 9.18% | +14.7% | Q3 2025 |
| ISTR | $22.6M | 3.82% | 6.02% | +18.9% | Q4 2019 |
| MRBK | $22.3M | 3.78% | 9.89% | +4.8% | Q4 2019 |
 FXNC | $20.8M | 3.53% | 8.56% | -12.9% | Q4 2019 |
 PKBK | $19.9M | 3.37% | 5.91% | +12.8% | Q2 2021 |
 FVCB | $19.4M | 3.28% | 7.09% | +17.1% | Q2 2020 |
| ATLO | $19.3M | 3.27% | 7.71% | +55.8% | Q2 2021 |
| EFSI | $18.6M | 3.16% | 9.83% | +17.3% | Q1 2025 |
| CFBK | $17.8M | 3.02% | 12.03% | +0.8% | Q3 2023 |
 FCCO | $17.4M | 2.95% | 6.34% | +10.9% | Q4 2019 |
| BHRB | $15.3M | 2.60% | 1.64% | +239.1% | Q2 2024 |
| LNKB | $14.9M | 2.52% | 4.75% | +67.0% | Q4 2023 |
 OVLY | $13.3M | 2.26% | 4.89% | +34.6% | Q4 2019 |
 MPB | $11.8M | 2.00% | 1.45% | +26.1% | Q1 2021 |
 EBMT | $11.4M | 1.93% | 6.93% | +61.0% | Q4 2019 |
| HNVR | $11.3M | 1.91% | 7.29% | +1.0% | Q1 2024 |
 NKSH | $10.5M | 1.78% | 4.53% | +27.6% | Q2 2021 |
 MCB | $10.5M | 1.77% | 1.01% | Not reported | Q3 2023 |
 FRST | $9.71M | 1.65% | 2.95% | -21.6% | Q1 2021 |
 OVBC | $9.63M | 1.63% | 4.66% | +10.5% | Q3 2024 |
 TSBK | $9.08M | 1.54% | 2.94% | +110.0% | Q4 2020 |
| MNSB | $8.54M | 1.45% | 5.25% | -49.9% | Q2 2021 |
| FNWB | $8.02M | 1.36% | 9.73% | -1.6% | Q4 2021 |
| BOTJ | $7.94M | 1.35% | 8.48% | +19.8% | Q2 2023 |
 SHBI | $7.87M | 1.33% | 1.26% | -54.1% | Q4 2019 |
 PEBK | $7.63M | 1.29% | 3.57% | +26.1% | Q2 2020 |
 PLBC | $7.23M | 1.23% | 2.12% | +44.5% | Q4 2019 |
 TFC | $7.04M | 1.19% | 0.01% | Not reported | Q1 2020 |
| UBFO | $6.98M | 1.18% | 3.85% | +4.1% | Q2 2021 |
 BFST | $6.25M | 1.06% | 0.78% | +74.8% | Q3 2024 |
| PROV | $5.89M | 1.00% | 5.78% | +3.8% | Q3 2024 |
 EGBN | $5.28M | 0.90% | 0.70% | Not reported | Q2 2023 |
| WSBF | $5.25M | 0.89% | 1.60% | +45.8% | Q4 2024 |
 CCNE | $4.74M | 0.80% | 0.55% | -41.5% | Q1 2025 |
 PB | $4.67M | 0.79% | 0.07% | Not reported | Q3 2023 |
 PNFP | $2.21M | 0.37% | 0.02% | Not reported | Q2 2023 |
 JMSB | $2.19M | 0.37% | 0.76% | -3.3% | Q2 2025 |
 WNEB | $1.67M | 0.28% | 0.64% | -59.6% | Q2 2021 |
| BPRN | $1.43M | 0.24% | 0.63% | +12.4% | Q1 2025 |
 UMBF | $1.18M | 0.20% | 0.01% | New | Q1 2026 |
 SSB | $1.17M | 0.20% | 0.01% | Not reported | Q3 2023 |
 HBAN | $1.1M | 0.19% | 0.00% | Not reported | Q2 2020 |
 BMRC | $1.07M | 0.18% | 0.26% | +359.7% | Q2 2021 |
 ONB | $1.04M | 0.18% | 0.01% | Not reported | Q2 2023 |
 WSBC | $1.04M | 0.18% | 0.03% | Not reported | Q3 2024 |
 ASB | $1.03M | 0.18% | 0.02% | New | Q1 2026 |
| Q4 2025 | |||||
 ORRF | $31.8M | 5.96% | 4.61% | -38.1% | Q1 2020 |
| CBAN | $30.5M | 5.71% | 8.05% | +165.9% | Q4 2019 |
| CWBC | $29.5M | 5.52% | 6.84% | -10.4% | Q2 2020 |
| AVBH | $29M | 5.42% | 9.97% | +4.7% | Q3 2025 |
| CARE | $24.3M | 4.55% | 5.60% | +19.1% | Q2 2020 |
| FXNC | $22.4M | 4.20% | 9.85% | +1.7% | Q4 2019 |
| COSO | $22.3M | 4.18% | 8.01% | +153.8% | Q3 2025 |
| MRBK | $19.7M | 3.69% | 9.49% | +4.6% | Q4 2019 |
| ISTR | $18.6M | 3.48% | 7.10% | +148.7% | Q4 2019 |
| EFSI | $18.1M | 3.38% | 8.45% | +64.0% | Q1 2025 |
| SHBI | $16.2M | 3.04% | 2.75% | +61.6% | Q4 2019 |
| FCCO | $15.9M | 2.98% | 6.98% | -12.1% | Q4 2019 |
| CFBK | $15.8M | 2.96% | 11.94% | +6.4% | Q3 2023 |
| MNSB | $15.6M | 2.93% | 10.24% | +50.6% | Q2 2021 |
| PKBK | $15.5M | 2.91% | 5.35% | +53.0% | Q2 2021 |
| FVCB | $15.1M | 2.83% | 6.08% | +19.6% | Q2 2020 |
| FRST | $13M | 2.43% | 3.78% | +31.9% | Q1 2021 |
| HNVR | $11.9M | 2.23% | 7.24% | +22.6% | Q1 2024 |
| ATLO | $10.1M | 1.88% | 4.95% | +94.9% | Q2 2021 |
| OVLY | $9.18M | 1.72% | 3.64% | +84.1% | Q4 2019 |
| MPB | $9.04M | 1.69% | 1.26% | +32.7% | Q1 2021 |
 FRAF | $8.81M | 1.65% | 3.92% | -47.1% | Q1 2021 |
| LNKB | $8.81M | 1.65% | 2.85% | +56.2% | Q4 2023 |
| FNWB | $8.81M | 1.65% | 9.92% | +8.1% | Q4 2021 |
| OVBC | $7.95M | 1.49% | 4.22% | +172.2% | Q3 2024 |
 FISI | $7.93M | 1.48% | 1.26% | -21.0% | Q3 2024 |
| NKSH | $7.58M | 1.42% | 3.55% | +76.0% | Q2 2021 |
| CCNE | $7.32M | 1.37% | 0.95% | +72.1% | Q1 2025 |
| EBMT | $6.82M | 1.28% | 4.31% | +272.3% | Q4 2019 |
| UBFO | $6.42M | 1.20% | 3.63% | +14.8% | Q2 2021 |
 SFST | $6.35M | 1.19% | 1.50% | -22.4% | Q3 2020 |
| BOTJ | $5.98M | 1.12% | 7.09% | +10.3% | Q2 2023 |
| PROV | $5.6M | 1.05% | 5.49% | +52.6% | Q3 2024 |
| PEBK | $5.59M | 1.05% | 2.83% | +104.4% | Q2 2020 |
 OBT | $5.51M | 1.03% | 1.44% | +169.9% | Q3 2021 |
 BCAL | $5.14M | 0.96% | 0.85% | -78.8% | Q2 2023 |
| PLBC | $4.58M | 0.86% | 1.47% | +125.9% | Q4 2019 |
| BHRB | $4.53M | 0.85% | 0.48% | -47.3% | Q2 2024 |
| WNEB | $4.04M | 0.76% | 1.57% | +11.3% | Q2 2021 |
| TSBK | $3.93M | 0.73% | 1.39% | +207.5% | Q4 2020 |
| BFST | $3.45M | 0.65% | 0.45% | -19.4% | Q3 2024 |
| WSBF | $3.31M | 0.62% | 1.09% | +55.3% | Q4 2024 |
 CZWI | $2.99M | 0.56% | 1.75% | -68.0% | Q4 2019 |
| JMSB | $2.24M | 0.42% | 0.79% | +6.9% | Q2 2025 |
 FUNC | $1.4M | 0.26% | 0.58% | -72.3% | Q4 2019 |
| BPRN | $1.31M | 0.25% | 0.56% | +36.8% | Q1 2025 |
| NFBK | $1.15M | 0.22% | 0.24% | +14.8% | Q2 2024 |
 HFWA | $594K | 0.11% | 0.07% | Not reported | Q2 2023 |
 NWFL | $546K | 0.10% | 0.21% | -76.8% | Q2 2021 |
| RVSB | $485K | 0.09% | 0.47% | -48.1% | Q2 2021 |
| Q3 2025 | |||||
| ORRF | $49.4M | 8.85% | 7.45% | +15.4% | Q1 2020 |
 COFS | $31.7M | 5.68% | 7.28% | -4.3% | Q2 2021 |
| CWBC | $30.5M | 5.47% | 7.64% | -7.1% | Q2 2020 |
| AVBH | $26.6M | 4.77% | 9.54% | New | Q3 2025 |
| BCAL | $21.7M | 3.89% | 4.01% | -40.6% | Q2 2023 |
| CARE | $20.2M | 3.61% | 4.64% | +77.9% | Q2 2020 |
| FXNC | $19.8M | 3.55% | 9.70% | +5.5% | Q4 2019 |
| FCCO | $17.2M | 3.09% | 7.95% | +9.3% | Q4 2019 |
| MRBK | $16.9M | 3.04% | 9.31% | -1.1% | Q4 2019 |
| MCB | $16.1M | 2.89% | 2.07% | +65.9% | Q3 2023 |
| FRAF | $15.3M | 2.74% | 7.40% | -11.8% | Q1 2021 |
| CFBK | $14.3M | 2.56% | 11.22% | +41.6% | Q3 2023 |
| FVCB | $11.8M | 2.12% | 5.04% | +24.0% | Q2 2020 |
| CBAN | $10.9M | 1.96% | 3.69% | +5.7% | Q4 2019 |
| MNSB | $10.6M | 1.90% | 6.62% | +50.8% | Q2 2021 |
| EFSI | $10.5M | 1.88% | 5.15% | -1.6% | Q1 2025 |
| HNVR | $9.46M | 1.70% | 5.86% | +44.2% | Q1 2024 |
| SHBI | $9.32M | 1.67% | 1.70% | +0.2% | Q4 2019 |
| FISI | $8.76M | 1.57% | 1.60% | -61.9% | Q3 2024 |
| PKBK | $8.75M | 1.57% | 3.43% | +102.1% | Q2 2021 |
| BHRB | $8.5M | 1.52% | 0.92% | +21.4% | Q2 2024 |
| CZWI | $8.44M | 1.51% | 5.33% | +107.7% | Q4 2019 |
| COSO | $8.25M | 1.48% | 3.16% | New | Q3 2025 |
 BWFG | $7.85M | 1.41% | 2.25% | -33.6% | Q2 2021 |
| FRST | $7.43M | 1.33% | 2.87% | +22.7% | Q1 2021 |
| WSBC | $7.14M | 1.28% | 0.23% | +7.4% | Q3 2024 |
| SFST | $7M | 1.26% | 1.94% | +22.9% | Q3 2020 |
| FNWB | $6.84M | 1.23% | 9.18% | -7.3% | Q4 2021 |
 MVBF | $6.82M | 1.22% | 2.17% | +5.0% | Q2 2020 |
| ISTR | $6.5M | 1.16% | 2.85% | +825.6% | Q4 2019 |
| MPB | $6.29M | 1.13% | 0.95% | +969.5% | Q1 2021 |
| BMRC | $5.39M | 0.97% | 1.38% | -19.7% | Q2 2021 |
| UBFO | $5.19M | 0.93% | 3.17% | +11.7% | Q2 2021 |
| FUNC | $4.98M | 0.89% | 2.08% | +41.6% | Q4 2019 |
| LNKB | $4.87M | 0.87% | 1.82% | +108.5% | Q4 2023 |
 BVFL | $4.8M | 0.86% | 3.12% | -64.7% | Q3 2023 |
| OVLY | $4.67M | 0.84% | 1.98% | +17.3% | Q4 2019 |
 KRNY | $4.59M | 0.82% | 1.08% | -37.0% | Q3 2024 |
| BOTJ | $4.55M | 0.82% | 6.42% | +29.3% | Q2 2023 |
| ATLO | $4.55M | 0.82% | 2.53% | +125.6% | Q2 2021 |
 CIVB | $4.4M | 0.79% | 1.12% | +970.0% | Q2 2023 |
| CCNE | $3.93M | 0.71% | 0.55% | +169.1% | Q1 2025 |
| BFST | $3.87M | 0.69% | 0.55% | +373.3% | Q3 2024 |
| NKSH | $3.78M | 0.68% | 2.02% | +53.0% | Q2 2021 |
| PROV | $3.64M | 0.65% | 3.55% | +100.4% | Q3 2024 |
| WNEB | $3.45M | 0.62% | 1.40% | -46.8% | Q2 2021 |
 FDSB | $3.44M | 0.62% | 4.51% | +172.5% | Q3 2024 |
| MOFG | $3.39M | 0.61% | 0.58% | +282.7% | Q2 2023 |
 CNOB | $3.03M | 0.54% | 0.24% | -41.4% | Q4 2024 |
| EGBN | $2.86M | 0.51% | 0.47% | -78.1% | Q2 2023 |