Ategra Capital Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed February 14, 2025), Ategra Capital Management, LLC reported 89 stock positions worth $217.6 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 7.8% of the portfolio, followed by Axos Financial (AX, 7.1%) and Truist Financial (TFC, 6.2%). Compared with Q4 2023, it opened 9 new positions, sold out of 4, added to 23 and reduced 21. The biggest buy was a new position in Chevron (CVX) and the biggest sale an exit from Boeing (BA).

Most Recent 13F
Q2 2026
Location
VIENNA, VA
CIK
0001741369
Portfolio Value
$217.6M (Q1 2024)
SEC Filing
0000919574-25-001295 ↗ filed Feb 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $217.6M $217.6M Q1 2024 Q2 2024: $116.7M Q2 2024 Q3 2024: $137.5M Q3 2024 Q4 2024: $148.3M Q4 2024 Q1 2025: $123.7M Q1 2025 Q2 2025: $125.8M Q2 2025 Q3 2025: $149.2M Q3 2025 Q4 2025: $175.0M Q4 2025 Q1 2026: $179.6M Q1 2026 Q2 2026: $188.1M Q2 2026

Holdings 89 stocks · $217.6M
VOO Vanguard S&P 500 ETF 7.83% 35,453 $17.0M Add +0.7%
AX Axos Financial Inc. 7.08% 285,283 $15.4M Reduce -0.1%
TFC Truist Financial Corp. 6.18% 345,316 $13.5M Add +1.0%
WFC Wells Fargo & Co. 5.78% 217,213 $12.6M Reduce -15.9%
IBCP Independent Bank Corp. - Mich 5.04% 432,942 $11.0M Reduce -0.0%
FISI Financial Institutions Inc. 4.82% 557,301 $10.5M Add +3.0%
MRBK Meridian Corp. 4.59% 1,007,740 $10.0M Add +1.5%
QQQ Invesco QQQ Trust Series 1 4.41% 21,590 $9.6M Reduce -0.7%
HWBK Hawthorn Bancshares Inc. 3.83% 407,513 $8.3M No change
TLT iShares 20+ Year Treasury BD 3.76% 86,478 $8.2M Add +32.6%
ZION Zions Bancorp NA 2.71% 135,898 $5.9M Add +1.3%
CBNK Capital Bancorp Inc. 2.60% 271,690 $5.7M Add +11.9%
TCBX Third Coast Bancshares Inc. 2.44% 264,975 $5.3M Add +14.0%
VEA Vanguard Ftse Developed ETF 2.30% 99,920 $5.0M Reduce -3.7%
SNV Synovus Financial Corp. 2.27% 123,509 $4.9M Reduce -0.2%
AAPL Apple Inc. 1.74% 22,109 $3.8M Add +0.2%
QCOM Qualcomm Inc. 1.67% 21,460 $3.6M Reduce -0.3%
DEM Wisdomtree Emerging Markets 1.38% 71,551 $3.0M Add +0.2%
AVGO Broadcom Inc. 1.35% 2,224 $2.9M No change
JEPI JPMorgan Equity Premium Inco 1.25% 47,022 $2.7M Add +6.7%
CSCO Cisco Systems Inc. 1.09% 47,688 $2.4M Reduce -1.8%
IJR iShares Core S&P Small-Cap E 1.08% 21,311 $2.4M Add +7.1%
CVX Chevron Corp. 1.02% 14,022 $2.2M New
IJH iShares Core S&P Midcap ETF 0.98% 34,996 $2.1M Reduce -1.8%
NGG National Grid PLC-SP ADR 0.88% 28,053 $1.9M No change
NEE Nextera Energy Inc. 0.86% 29,290 $1.9M Add +2.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.82% 27,202 $1.8M Add +0.8%
NLY Annaly Capital Management Inc. 0.79% 87,761 $1.7M Reduce -43.3%
JPM JPMorgan Chase & Co. 0.79% 8,545 $1.7M Reduce -0.0%
CVS CVS Health Corp. 0.78% 21,285 $1.7M Reduce -17.1%
AMT American Tower Corp. 0.77% 8,444 $1.7M Add +0.6%
IWN iShares Russell 2000 Value E 0.76% 10,376 $1.6M Add +1.1%
UL Unilever PLC 0.69% 29,820 $1.5M Add +6.0%
MSFT Microsoft Corp. 0.68% 3,505 $1.5M Reduce -44.8%
PG The Procter & Gamble Co. 0.65% 8,682 $1.4M No change
D Dominion Energy Inc. 0.64% 28,095 $1.4M Add +2.9%
GOOGL Alphabet Inc. Class A 0.63% 9,054 $1.4M Reduce -7.0%
ABBV Abbvie Inc. 0.58% 6,987 $1.3M No change
UVE Universal Insurance Holdings 0.58% 62,518 $1.3M New
ALNY Alnylam Pharmaceuticals Inc. 0.55% 7,990 $1.2M No change
VZ Verizon Communications Inc. 0.51% 26,264 $1.1M Add +11.5%
BRK.B Berkshire Hathaway Inc. Class B 0.45% 2,310 $971K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.44% 1,838 $961K No change
SDY SS SPDR S&P Dividend ETF 0.42% 6,972 $915K Reduce -26.1%
RSP Invesco S&P 500 Equal Weight 0.41% 5,286 $895K No change
MCHP Microchip Technology Inc. 0.40% 9,728 $873K Add +5.5%
UTF Cohen & Steers Infrastructur 0.38% 35,450 $836K Add +2.9%
IWM iShares Russell 2000 ETF 0.32% 3,341 $703K Reduce -16.2%
BMY Bristol-Myers Squibb Co. 0.31% 12,342 $669K Reduce -26.7%
KLAC KLA Corp. 0.31% 954 $666K No change
AMZN Amazon.com Inc. 0.30% 3,602 $650K No change
KTF DWS Municipal Income Trust 0.30% 71,619 $647K No change
CFBK CF Bankshares Inc. 0.29% 31,836 $636K No change
VTIP Vanguard Short-Term Tips 0.26% 11,849 $567K No change
DGICA Donegal Group Inc. Class A 0.26% 39,934 $565K New
MRK Merck & Co. Inc. 0.26% 4,222 $557K No change
RTX RTX Corp. 0.26% 5,702 $556K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.24% 2,768 $529K Reduce -3.0%
PKBK Parke Bancorp Inc. 0.24% 30,614 $527K New
GLD SPDR Gold Shares 0.24% 2,517 $518K No change
ALRS Alerus Financial Corp. 0.24% 23,702 $517K Reduce -82.4%
JNJ Johnson & Johnson 0.23% 3,213 $508K Reduce -1.2%
MAR Marriott International Class A 0.23% 2,010 $507K No change
DUK Duke Energy Corp. 0.23% 5,149 $498K No change
BIP Brookfield Infrastructure Pa 0.23% 15,899 $496K No change
IEFA iShares Core MSCI Eafe ETF 0.22% 6,512 $483K No change
DEO Diageo PLC-Sponsored ADR 0.21% 3,099 $461K Add +77.3%
CRM Salesforce Inc. 0.21% 1,503 $453K No change
KHC The Kraft Heinz Co. 0.21% 12,136 $448K Reduce -12.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.19% 1,669 $417K No change
VNQI Vanguard GLBL Ex-US Real Est 0.19% 9,816 $414K No change
KOMP SS SPDR S&P Kensho Ne Comp 0.19% 8,496 $408K Add +0.0%
ADBE Adobe Inc. 0.19% 800 $404K No change
FAST Fastenal Co. 0.18% 5,028 $388K No change
NVS Novartis AG-Sponsored ADR 0.17% 3,933 $380K No change
ETN Eaton Corp. PLC 0.17% 1,205 $377K No change
SNY Sanofi-ADR 0.14% 6,450 $313K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.14% 1,252 $300K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.13% 815 $281K No change
EFA iShares MSCI Eafe ETF 0.13% 3,511 $280K No change
WMT Walmart Inc. 0.12% 4,308 $259K No change
NVDA Nvidia Corp. 0.11% 275 $248K New
PEP Pepsico Inc. 0.11% 1,363 $239K No change
NFLX Netflix Inc. 0.10% 370 $225K New
KO The Coca-Cola Co. 0.10% 3,603 $220K No change
PAYX Paychex Inc. 0.10% 1,783 $219K No change
DLS Wisdomtree Intl S/C DVD Fund 0.09% 3,122 $204K New
SO The Southern Co. 0.09% 2,796 $201K New
XLK SS Technology Select Sector 0.09% 961 $200K New

Options reported separately and not counted above: TFC calls ($2.9M), BAC calls ($910K), WFC calls ($109K), SPY puts ($22K), QQQ puts ($3K).

Portfolio Sells Q4 2023 → Q1 2024
BA The Boeing Co. Sold out 0.00% −3.12
ALRS Alerus Financial Corp. Reduce -82.4% 0.24% −1.11
NLY Annaly Capital Management Inc. Reduce -43.3% 0.79% −0.55
MSFT Microsoft Corp. Reduce -44.8% 0.68% −0.39
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.15
CVS CVS Health Corp. Reduce -17.1% 0.78% −0.13
IWP iShares Russell Mid-Cap Grow Sold out 0.00% −0.11
SDY SS SPDR S&P Dividend ETF Reduce -26.1% 0.42% −0.11
TSLA Tesla Inc. Sold out 0.00% −0.09
BMY Bristol-Myers Squibb Co. Reduce -26.7% 0.31% −0.08
IWM iShares Russell 2000 ETF Reduce -16.2% 0.32% −0.03
KHC The Kraft Heinz Co. Reduce -12.0% 0.21% −0.02
CSCO Cisco Systems Inc. Reduce -1.8% 1.09% −0.00
IBCP Independent Bank Corp. - Mich Reduce -0.0% 5.04% +0.00
JNJ Johnson & Johnson Reduce -1.2% 0.23% +0.01
GOOGL Alphabet Inc. Class A Reduce -7.0% 0.63% +0.02
IBM Intl Business Machines Corp. Reduce -3.0% 0.24% +0.03
VEA Vanguard Ftse Developed ETF Reduce -3.7% 2.30% +0.08
IJH iShares Core S&P Midcap ETF Reduce -1.8% 0.98% +0.09
WFC Wells Fargo & Co. Reduce -15.9% 5.78% +0.10
AX Axos Financial Inc. Reduce -0.1% 7.08% +0.11
JPM JPMorgan Chase & Co. Reduce -0.0% 0.79% +0.14
SNV Synovus Financial Corp. Reduce -0.2% 2.27% +0.19
QCOM Qualcomm Inc. Reduce -0.3% 1.67% +0.28
QQQ Invesco QQQ Trust Series 1 Reduce -0.7% 4.41% +0.42

Portfolio Buys Q4 2023 → Q1 2024
CVX Chevron Corp. New 1.02% +1.02
VOO Vanguard S&P 500 ETF Add +0.7% 7.83% +0.95
TLT iShares 20+ Year Treasury BD Add +32.6% 3.76% +0.87
UVE Universal Insurance Holdings New 0.58% +0.58
TFC Truist Financial Corp. Add +1.0% 6.18% +0.54
TCBX Third Coast Bancshares Inc. Add +14.0% 2.44% +0.37
DGICA Donegal Group Inc. Class A New 0.26% +0.26
PKBK Parke Bancorp Inc. New 0.24% +0.24
JEPI JPMorgan Equity Premium Inco Add +6.7% 1.25% +0.17
IJR iShares Core S&P Small-Cap E Add +7.1% 1.08% +0.12
NVDA Nvidia Corp. New 0.11% +0.11
VZ Verizon Communications Inc. Add +11.5% 0.51% +0.11
NFLX Netflix Inc. New 0.10% +0.10
DEO Diageo PLC-Sponsored ADR Add +77.3% 0.21% +0.10
DLS Wisdomtree Intl S/C DVD Fund New 0.09% +0.09
SO The Southern Co. New 0.09% +0.09
XLK SS Technology Select Sector New 0.09% +0.09
NEE Nextera Energy Inc. Add +2.7% 0.86% +0.09
UL Unilever PLC Add +6.0% 0.69% +0.08
ZION Zions Bancorp NA Add +1.3% 2.71% +0.08
DEM Wisdomtree Emerging Markets Add +0.2% 1.38% +0.08
D Dominion Energy Inc. Add +2.9% 0.64% +0.06
UTF Cohen & Steers Infrastructur Add +2.9% 0.38% +0.06
XLU St Sr Utl SL SE SPDR ETF-Usd Add +0.8% 0.82% +0.06
IWN iShares Russell 2000 Value E Add +1.1% 0.76% +0.04
MCHP Microchip Technology Inc. Add +5.5% 0.40% +0.03
KOMP SS SPDR S&P Kensho Ne Comp Add +0.0% 0.19% +0.01
CBNK Capital Bancorp Inc. Add +11.9% 2.60% −0.03
AMT American Tower Corp. Add +0.6% 0.77% −0.04
AAPL Apple Inc. Add +0.2% 1.74% −0.16
FISI Financial Institutions Inc. Add +3.0% 4.82% −0.34
MRBK Meridian Corp. Add +1.5% 4.59% −1.58

Options Activity Q4 2023 → Q1 2024
TFC Truist Financial Corp. call Add +25.6% 536,000 $2.9M
BAC Bank of America Corp. call Reduce -75.0% 100,000 $910K
WFC Wells Fargo & Co. call Reduce -96.7% 10,000 $109K
SPY SS SPDR S&P 500 ETF Trust-US put New 20,000 $22K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 20$188.1MFISI, TFC, CFG, HWBK, WFC
Q1 2026 23$179.6MTFC, FISI, BBT, CFG, HWBK
Q4 2025 25$175.0MFISI, TFC, CFG, BBT, AX
Q3 2025 22$149.2MFISI, TFC, AX, BBT, CFG
Q2 2025 19$125.8MAX, TFC, FISI, VOO, HWBK
Q1 2025 17$123.7MAX, FISI, TFC, FHN, VOO
Q4 2024 20$148.3MFISI, AX, TFC, MRBK, FHN
Q3 2024 19$137.5MFISI, TFC, MRBK, VOO, WFC
Q2 2024 21$116.7MAX, TFC, FISI, VOO, MRBK
Q1 2024 89$217.6MVOO, AX, TFC, WFC, IBCP