Ategra Capital Management, LLC In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Ategra Capital Management, LLC reported 17 stock positions worth $123.7 million . Its top holding was Axos Financial (AX) at 12.3% of the portfolio, followed by Financial Institutions (FISI, 11.5% ) and Truist Financial (TFC, 10.9% ). Compared with Q4 2024, it opened 1 new position, sold out of 4, added to 3 and reduced 6. The biggest buy was Axos Financial (AX, shares +10% ) and the biggest sale an exit from Wells Fargo (WFC).
Location VIENNA, VA
CIK 0001741369
Portfolio Value $123.7M (Q1 2025) Holdings 17 stocks · $123.7M 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 Q4 2024 AX Axos Financial Inc. 235,093 $15.2M Add +9.7% FISI Financial Institutions Inc. 572,075 $14.3M No change TFC Truist Financial Corp. 326,620 $13.4M No change FHN First Horizon Corp. 628,637 $12.2M No change VOO Vanguard S&P 500 ETF 21,974 $11.3M No change MRBK Meridian Corp. 769,755 $11.1M Reduce -24.7% HWBK Hawthorn Bancshares Inc. 342,390 $9.7M Reduce -10.4% PKBK Parke Bancorp Inc. 431,805 $8.1M Add +25.3% TCBX Third Coast Bancshares Inc. 234,508 $7.8M No change CBNK Capital Bancorp Inc. 266,330 $7.5M Reduce -7.5% EBTC Enterprise Bancorp Inc. 78,942 $3.1M Reduce -21.4% QQQ Invesco QQQ Trust Series 1 6,439 $3.0M Reduce -23.7% BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 69,965 $1.8M New XLV SS Health Care Select Sector 10,500 $1.5M No change PFE Pfizer Inc. 60,000 $1.5M Add +20.0% CFFI C & F Financial Corp. filed as C & F FINL CORP 16,472 $1.1M Reduce -15.2% IWN iShares Russell 2000 Value E 6,678 $1.0M No change
Options reported separately and not counted above: WFC calls ($2.7M), TFC calls ($1.8M), QQQ puts ($239K), RY puts ($114K).
Portfolio Sells Q4 2024 → Q1 2025 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ WFC Wells Fargo & Co. Sold out 0.00% −7.29 HTBK Heritage Commerce Corp. Sold out 0.00% −2.34 NEE Nextera Energy Inc. Sold out 0.00% −1.18 CCI Crown Castle Inc. Sold out 0.00% −0.95 MRBK Meridian Corp. Reduce -24.7% 8.96% −0.49 QQQ Invesco QQQ Trust Series 1 Reduce -23.7% 2.44% −0.47 EBTC Enterprise Bancorp Inc. Reduce -21.4% 2.48% −0.19 CFFI C & F Financial Corp. Reduce -15.2% 0.90% −0.04 HWBK Hawthorn Bancshares Inc. Reduce -10.4% 7.81% +0.51 CBNK Capital Bancorp Inc. Reduce -7.5% 6.10% +0.57
Portfolio Buys Q4 2024 → Q1 2025 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ AX Axos Financial Inc. Add +9.7% 12.26% +2.17 PKBK Parke Bancorp Inc. Add +25.3% 6.57% +1.81 BBT Beacon Financial Corp. New 1.48% +1.48 PFE Pfizer Inc. Add +20.0% 1.23% +0.33
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ WFC Wells Fargo & Co. call Add +2051.0% 215,100 $2.7M TFC Truist Financial Corp. call Add +16.6% 350,700 $1.8M RY Royal Bank of Canada put New 71,200 $114K
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