Ategra Capital Management, LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Ategra Capital Management, LLC reported 20 stock positions worth $148.3 million . Its top holding was Financial Institutions (FISI) at 10.5% of the portfolio, followed by Axos Financial (AX, 10.1% ) and Truist Financial (TFC, 9.6% ). Compared with Q3 2024, it opened 3 new positions, sold out of 2, added to 5 and reduced 7. The biggest buy was Axos Financial (AX, shares +48% ) and the biggest sale Heritage Commerce (HTBK, shares −56% ).
Location VIENNA, VA
CIK 0001741369
Portfolio Value $148.3M (Q4 2024) Holdings 20 stocks · $148.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 FISI Financial Institutions Inc. 572,075 $15.6M No change AX Axos Financial Inc. 214,280 $15.0M Add +47.9% TFC Truist Financial Corp. 326,620 $14.2M Reduce -0.1% MRBK Meridian Corp. 1,022,398 $14.0M Reduce -0.4% FHN First Horizon Corp. 628,637 $12.7M Add +1.6% VOO Vanguard S&P 500 ETF 21,974 $11.8M No change HWBK Hawthorn Bancshares Inc. 382,191 $10.8M Reduce -6.2% WFC Wells Fargo & Co. 153,825 $10.8M Reduce -21.8% CBNK Capital Bancorp Inc. 287,828 $8.2M No change TCBX Third Coast Bancshares Inc. 234,508 $8.0M Reduce -12.8% PKBK Parke Bancorp Inc. 344,741 $7.1M Add +52.1% QQQ Invesco QQQ Trust Series 1 8,439 $4.3M Reduce -18.6% EBTC Enterprise Bancorp Inc. 100,463 $4.0M Add +44.2% HTBK Heritage Commerce Corp. 369,321 $3.5M Reduce -56.4% NEE Nextera Energy Inc. 24,420 $1.8M Add +71.7% XLV SS Health Care Select Sector 10,500 $1.4M New CCI Crown Castle Inc. 15,560 $1.4M New CFFI C & F Financial Corp. filed as C & F FINL CORP 19,431 $1.4M No change PFE Pfizer Inc. 50,000 $1.3M New IWN iShares Russell 2000 Value E 6,678 $1.1M No change
Options reported separately and not counted above: TFC calls ($2.7M), WFC calls ($204K), QQQ puts ($14K).
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ HTBK Heritage Commerce Corp. Reduce -56.4% 2.34% −3.76 TLT iShares 20+ Year Treasury BD Sold out 0.00% −3.03 IBCP Independent Bank Corp. - Mich Sold out 0.00% −1.23 WFC Wells Fargo & Co. Reduce -21.8% 7.29% −0.80 QQQ Invesco QQQ Trust Series 1 Reduce -18.6% 2.91% −0.77 TFC Truist Financial Corp. Reduce -0.1% 9.55% −0.62 HWBK Hawthorn Bancshares Inc. Reduce -6.2% 7.31% −0.11 MRBK Meridian Corp. Reduce -0.4% 9.45% +0.01 TCBX Third Coast Bancshares Inc. Reduce -12.8% 5.37% +0.13
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ AX Axos Financial Inc. Add +47.9% 10.09% +3.47 FHN First Horizon Corp. Add +1.6% 8.54% +1.55 PKBK Parke Bancorp Inc. Add +52.1% 4.77% +1.32 EBTC Enterprise Bancorp Inc. Add +44.2% 2.68% +1.06 XLV SS Health Care Select Sector New 0.97% +0.97 CCI Crown Castle Inc. New 0.95% +0.95 PFE Pfizer Inc. New 0.89% +0.89 NEE Nextera Energy Inc. Add +71.7% 1.18% +0.31
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ TFC Truist Financial Corp. call Reduce -25.0% 300,700 $2.7M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 20 $188.1M FISI, TFC, CFG, HWBK, WFC Q1 2026 23 $179.6M TFC, FISI, BBT, CFG, HWBK Q4 2025 25 $175.0M FISI, TFC, CFG, BBT, AX Q3 2025 22 $149.2M FISI, TFC, AX, BBT, CFG Q2 2025 19 $125.8M AX, TFC, FISI, VOO, HWBK Q1 2025 17 $123.7M AX, FISI, TFC, FHN, VOO Q4 2024 20 $148.3M FISI, AX, TFC, MRBK, FHN Q3 2024 19 $137.5M FISI, TFC, MRBK, VOO, WFC Q2 2024 21 $116.7M AX, TFC, FISI, VOO, MRBK Q1 2024 89 $217.6M VOO, AX, TFC, WFC, IBCP