North Reef Capital Management LP
Net seller this quarter
$2.61B
43
-$513M
73.0%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 MKTX | $385M | 14.77% | 9.65% | +81.1% | Q3 2023 |
 ABCB | $247M | 9.46% | 4.06% | -20.2% | Q4 2022 |
 FHN | $236M | 9.05% | 1.94% | -36.3% | Q4 2021 |
 KEY | $190M | 7.29% | 0.76% | -34.8% | Q2 2023 |
 ALKT | $167M | 6.41% | 8.63% | +20.6% | Q3 2022 |
 SBCF | $159M | 6.09% | 4.93% | -18.0% | Q4 2021 |
 AUB | $151M | 5.78% | 2.51% | -16.8% | Q4 2021 |
 CBC | $140M | 5.36% | 1.92% | +12.9% | Q4 2025 |
 ACIW | $132M | 5.05% | 2.59% | +17.4% | Q1 2022 |
 PIPR | $97.7M | 3.74% | 2.00% | +40.0% | Q1 2026 |
 PNFP | $73.8M | 2.83% | 0.48% | +624.8% | Q1 2022 |
 TRMK | $72M | 2.76% | 2.69% | -19.8% | Q1 2026 |
 NTRS | $60M | 2.30% | 0.19% | +15.6% | Q4 2021 |
 EGBN | $48.6M | 1.87% | 5.62% | -36.7% | Q4 2021 |
 AMTB | $47.4M | 1.82% | 4.74% | +59.9% | Q1 2024 |
 FLG | $45.6M | 1.75% | 0.73% | +9.3% | Q1 2026 |
 GPN | $42.1M | 1.61% | 0.22% | +480.0% | Q4 2021 |
 TCBK | $35.9M | 1.38% | 2.09% | +78.8% | Q4 2025 |
 MQ | $32.1M | 1.23% | Not reported | +6.8% | Q3 2023 |
 MYFW | $23.8M | 0.91% | 7.60% | +3.6% | Q2 2022 |
 IIIV | $23M | 0.88% | Not reported | +4.9% | Q2 2024 |
 WLTH | $21.9M | 0.84% | 1.64% | -15.3% | Q4 2025 |
 FRST | $20.1M | 0.77% | 4.94% | +8.0% | Q3 2025 |
 NBHC | $19.4M | 0.74% | 0.98% | +36.5% | Q1 2026 |
 BANR | $17.3M | 0.66% | 0.77% | +33.1% | Q1 2026 |
 SCHW | $16.1M | 0.62% | 0.01% | -50.0% | Q4 2021 |
 PAY | $14.5M | 0.56% | 0.58% | -18.3% | Q1 2026 |
 FRBT | $11.9M | 0.46% | Not reported | New | Q2 2026 |
 JCAP | $10.3M | 0.40% | 0.92% | -0.3% | Q2 2025 |
 COSO | $9.96M | 0.38% | 3.08% | +15.6% | Q3 2025 |
 PB | $9.49M | 0.36% | 0.13% | -88.3% | Q4 2024 |
 MIAX | $9.34M | 0.36% | 0.25% | -75.2% | Q3 2025 |
 FLYW | $7.91M | 0.30% | 0.37% | -59.1% | Q3 2024 |
 GCMG | $7.75M | 0.30% | 1.49% | 0.0% | Q4 2021 |
 SMBK | $6.43M | 0.25% | 0.80% | 0.0% | Q2 2025 |
 AAMI | $6.19M | 0.24% | 0.24% | -60.7% | Q4 2021 |
 SFNC | $3.4M | 0.13% | 0.10% | New | Q2 2026 |
 NEWT | $2.31M | 0.09% | 0.54% | -21.8% | Q3 2025 |
 NPB | $1.92M | 0.07% | 0.29% | -57.0% | Q1 2025 |
 IBOC | $1.9M | 0.07% | 0.04% | Not reported | Q4 2021 |
 BOTJ | $1.28M | 0.05% | 1.10% | New | Q2 2026 |
 GEMI | $426K | 0.02% | Not reported | +101.1% | Q3 2025 |
 UWMC | $229K | 0.01% | 0.10% | -71.7% | Q1 2026 |
| Q1 2026 | |||||
| FHN | $329M | 11.32% | 2.99% | +25.5% | Q4 2021 |
| MKTX | $309M | 10.65% | 5.28% | +16.5% | Q3 2023 |
| ABCB | $267M | 9.19% | 5.04% | +25.1% | Q4 2022 |
| KEY | $254M | 8.73% | 1.16% | Not reported | Q2 2023 |
| SBCF | $176M | 6.07% | 5.96% | -0.1% | Q4 2021 |
| AUB | $153M | 5.27% | 3.02% | -6.3% | Q4 2021 |
| ALKT | $120M | 4.13% | 7.21% | +264.3% | Q3 2022 |
 V | $109M | 3.74% | 0.02% | +33.3% | Q3 2023 |
| CBC | $97.6M | 3.36% | 1.70% | +210.9% | Q4 2025 |
| ACIW | $91.5M | 3.15% | 2.20% | +13.2% | Q1 2022 |
| TRMK | $82.3M | 2.83% | 3.33% | New | Q1 2026 |
| PB | $74.4M | 2.56% | 1.10% | +149.0% | Q4 2024 |
| PIPR | $73.8M | 2.54% | 1.42% | New | Q1 2026 |
| EGBN | $67.3M | 2.32% | 8.87% | -8.0% | Q4 2021 |
| NTRS | $41.7M | 1.43% | 0.16% | -3.9% | Q4 2021 |
 TW | $39.7M | 1.36% | 337071.00% | +6.7% | Q3 2025 |
| MIAX | $39.5M | 1.36% | 1.08% | -19.8% | Q3 2025 |
| FLG | $36.7M | 1.26% | 0.67% | New | Q1 2026 |
 FIS | $36.4M | 1.25% | 0.15% | Not reported | Q1 2023 |
| FFWM | $34.9M | 1.20% | 7.13% | -24.3% | Q3 2024 |
| SCHW | $32.9M | 1.13% | 0.02% | Not reported | Q4 2021 |
| MQ | $30.2M | 1.04% | Not reported | +23.3% | Q3 2023 |
 QTWO | $29.4M | 1.01% | 0.99% | -48.9% | Q2 2022 |
| WLTH | $26.7M | 0.92% | 1.92% | +135.2% | Q4 2025 |
 BANC | $26.4M | 0.91% | 0.98% | +29.7% | Q1 2022 |
 FBK | $26M | 0.89% | 0.97% | -44.0% | Q4 2025 |
| AMTB | $25.6M | 0.88% | 2.92% | Not reported | Q1 2024 |
 RJF | $23M | 0.79% | 0.08% | Not reported | Q1 2022 |
| IIIV | $22.9M | 0.79% | Not reported | +1253.8% | Q2 2024 |
| PAY | $18.7M | 0.64% | 0.71% | New | Q1 2026 |
| TCBK | $17.7M | 0.61% | 1.17% | -23.1% | Q4 2025 |
| MYFW | $17.6M | 0.61% | 7.37% | +4.5% | Q2 2022 |
 AXP | $15.1M | 0.52% | 0.01% | Not reported | Q4 2021 |
| FRST | $15.1M | 0.52% | 4.58% | -5.7% | Q3 2025 |
| FLYW | $12.8M | 0.44% | 0.91% | +83.3% | Q3 2024 |
| NBHC | $12.5M | 0.43% | 0.72% | New | Q1 2026 |
| AAMI | $12M | 0.41% | 0.62% | -50.4% | Q4 2021 |
| BANR | $11.9M | 0.41% | 0.57% | New | Q1 2026 |
 FIBK | $10.9M | 0.37% | 0.33% | -83.5% | Q3 2025 |
| JCAP | $10.2M | 0.35% | 0.96% | +122.2% | Q2 2025 |
| PNFP | $8.69M | 0.30% | 0.07% | Not reported | Q1 2022 |
| COSO | $7.89M | 0.27% | 2.68% | +21.6% | Q3 2025 |
| GPN | $6.73M | 0.23% | 0.04% | Not reported | Q4 2021 |
| GCMG | $6.18M | 0.21% | 1.49% | +4.8% | Q4 2021 |
| SMBK | $5.36M | 0.18% | 0.80% | +1.6% | Q2 2025 |
 VYX | $5.13M | 0.18% | 0.59% | -3.5% | Q2 2023 |
 SF | $4.23M | 0.15% | 0.04% | Not reported | Q3 2022 |
 FIGR | $4.05M | 0.14% | Not reported | -4.5% | Q3 2025 |
| NPB | $4.01M | 0.14% | 0.67% | -10.2% | Q1 2025 |
 AVBH | $3.51M | 0.12% | 1.12% | -0.5% | Q3 2025 |
| Q4 2025 | |||||
| MKTX | $292M | 11.74% | 4.50% | +76.6% | Q3 2023 |
| FHN | $275M | 11.08% | 2.34% | -6.9% | Q4 2021 |
| ABCB | $203M | 8.18% | 4.01% | +38.2% | Q4 2022 |
| SBCF | $183M | 7.37% | 5.96% | +16.8% | Q4 2021 |
| AUB | $161M | 6.50% | 3.22% | +23.1% | Q4 2021 |
 COLB | $103M | 4.16% | 1.25% | +3600.0% | Q1 2023 |
| V | $94.7M | 3.81% | 0.01% | +157.1% | Q3 2023 |
| ACIW | $94.2M | 3.79% | 1.92% | +10.4% | Q1 2022 |
| QTWO | $87.7M | 3.53% | 1.94% | -28.1% | Q2 2022 |
| PJC | $69.6M | 2.80% | Not reported | +35.1% | Q1 2023 |
| FIBK | $68.3M | 2.75% | 1.95% | +132.4% | Q3 2025 |
| EGBN | $63M | 2.53% | 9.68% | +11.7% | Q4 2021 |
| MIAX | $56.1M | 2.26% | 1.48% | +74.3% | Q3 2025 |
| FBK | $49.8M | 2.00% | 1.72% | New | Q4 2025 |
| ALKT | $48.4M | 1.95% | 1.98% | +1545.7% | Q3 2022 |
| FFWM | $48.1M | 1.94% | 9.43% | +13.2% | Q3 2024 |
| NTRS | $42.4M | 1.71% | 0.17% | +63.5% | Q4 2021 |
 FITB | $39.8M | 1.60% | 0.13% | Not reported | Q1 2023 |
 TFC | $37.7M | 1.52% | 0.06% | Not reported | Q3 2023 |
| TW | $34M | 1.37% | 316039.00% | +667.1% | Q3 2025 |
| CBC | $31.6M | 1.27% | Not reported | New | Q4 2025 |
| PB | $30.8M | 1.24% | 0.48% | Not reported | Q4 2024 |
| MQ | $28.5M | 1.15% | Not reported | +29.0% | Q3 2023 |
| TCBK | $23M | 0.93% | 1.50% | New | Q4 2025 |
| BANC | $22.3M | 0.90% | 0.77% | Not reported | Q1 2022 |
| AAMI | $20.9M | 0.84% | 1.24% | -13.2% | Q4 2021 |
| MYFW | $18.4M | 0.74% | 7.05% | +11.0% | Q2 2022 |
| FRST | $16.7M | 0.67% | 4.87% | +23.5% | Q3 2025 |
| WLTH | $16.7M | 0.67% | 2.83% | New | Q4 2025 |
 EBC | $14.7M | 0.59% | 0.34% | Not reported | Q1 2025 |
 FOUR | $9.82M | 0.40% | 0.19% | +51.3% | Q4 2023 |
| VYX | $8.57M | 0.34% | 0.61% | Not reported | Q2 2023 |
| FLYW | $8.5M | 0.34% | 0.50% | -7.7% | Q3 2024 |
 SSB | $8.47M | 0.34% | 0.09% | Not reported | Q1 2022 |
 MRX | $7.29M | 0.29% | 0.26% | +264.1% | Q2 2024 |
| GCMG | $6.81M | 0.27% | 1.42% | +14.3% | Q4 2021 |
| COSO | $6.14M | 0.25% | 2.20% | +19.6% | Q3 2025 |
 CRMT | $6.12M | 0.25% | 2.92% | -10.4% | Q3 2024 |
| JCAP | $5.35M | 0.22% | 0.41% | -19.0% | Q2 2025 |
| FIGR | $5.11M | 0.21% | Not reported | -47.9% | Q3 2025 |
| SMBK | $4.99M | 0.20% | 0.79% | +59.5% | Q2 2025 |
 KLAR | $4.63M | 0.19% | 0.04% | New | Q4 2025 |
| NEWT | $4.39M | 0.18% | 1.35% | 0.0% | Q3 2025 |
| NPB | $4.34M | 0.17% | 0.75% | -8.8% | Q1 2025 |
| AVBH | $3.28M | 0.13% | 1.13% | -12.6% | Q3 2025 |
 TCBI | $3.13M | 0.13% | 0.08% | -93.8% | Q4 2021 |
 BLSH | $3.08M | 0.12% | 0.05% | +1.6% | Q3 2025 |
| GEMI | $2.98M | 0.12% | Not reported | +22.3% | Q3 2025 |
 USCB | $2.28M | 0.09% | 0.68% | New | Q4 2025 |
| FFIC | $2.05M | 0.08% | 0.40% | Not reported | Q1 2024 |
| Q3 2025 | |||||
| FHN | $280M | 13.08% | 2.44% | -1.6% | Q4 2021 |
| CADE | $265M | 12.39% | Not reported | Not reported | Q4 2021 |
| CMA | $245M | 11.44% | 2.78% | -14.5% | Q4 2021 |
| MKTX | $159M | 7.43% | 2.45% | +117.0% | Q3 2023 |
| SBCF | $152M | 7.11% | 5.69% | -13.1% | Q4 2021 |
| ABCB | $145M | 6.79% | 2.89% | +4.8% | Q4 2022 |
| AUB | $131M | 6.13% | 2.62% | +35.0% | Q4 2021 |
| QTWO | $122M | 5.72% | 2.70% | +101.1% | Q2 2022 |
| ACIW | $94.1M | 4.40% | 1.73% | -29.8% | Q1 2022 |
| EGBN | $53.2M | 2.49% | 8.67% | +558.2% | Q4 2021 |
| PJC | $52.6M | 2.46% | Not reported | -34.0% | Q1 2023 |
| TCBI | $46.9M | 2.19% | 1.21% | -72.0% | Q4 2021 |
| FFWM | $38.4M | 1.80% | 8.35% | -9.4% | Q3 2024 |
| V | $35.8M | 1.68% | 0.01% | -25.0% | Q3 2023 |
| MIAX | $29.2M | 1.37% | 0.89% | New | Q3 2025 |
| FIBK | $27.1M | 1.27% | 0.82% | New | Q3 2025 |
| NTRS | $25.6M | 1.20% | 0.10% | +2.7% | Q4 2021 |
| AAMI | $24.6M | 1.15% | 1.43% | +6.6% | Q4 2021 |
| MQ | $24.6M | 1.15% | Not reported | -28.5% | Q3 2023 |
| MYFW | $14.2M | 0.67% | 6.36% | +13.2% | Q2 2022 |
| VYX | $10.5M | 0.49% | 0.61% | -6.6% | Q2 2023 |
| FRST | $10.2M | 0.48% | 3.96% | New | Q3 2025 |
| FLYW | $8.8M | 0.41% | 0.54% | -40.9% | Q3 2024 |
| FIGR | $8.73M | 0.41% | Not reported | New | Q3 2025 |
| FOUR | $7.98M | 0.37% | 0.12% | +312.2% | Q4 2023 |
| CRMT | $7.89M | 0.37% | 3.26% | +19.5% | Q3 2024 |
| GCMG | $6.35M | 0.30% | 1.25% | -0.7% | Q4 2021 |
| GEMI | $5.88M | 0.27% | Not reported | New | Q3 2025 |
| JCAP | $5.1M | 0.24% | 0.51% | +18.2% | Q2 2025 |
| BLSH | $5.09M | 0.24% | Not reported | New | Q3 2025 |
| NPB | $4.85M | 0.23% | 0.83% | -52.8% | Q1 2025 |
| COSO | $4.81M | 0.23% | 1.84% | New | Q3 2025 |
| TW | $4.57M | 0.21% | 41200.00% | New | Q3 2025 |
| NEWT | $4.43M | 0.21% | 1.34% | New | Q3 2025 |
| AVBH | $3.61M | 0.17% | 1.30% | New | Q3 2025 |
| ALKT | $3.17M | 0.15% | 0.12% | -8.5% | Q3 2022 |
 CME | $3.03M | 0.14% | 0.00% | Not reported | Q4 2021 |
| SMBK | $3.02M | 0.14% | 0.50% | +83.4% | Q2 2025 |
| COLB | $2.57M | 0.12% | 0.03% | Not reported | Q1 2023 |
| MRX | $1.75M | 0.08% | 0.07% | Not reported | Q2 2024 |
 CIVB | $605K | 0.03% | 0.15% | New | Q3 2025 |