Ategra Capital Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Ategra Capital Management, LLC reported 19 stock positions worth $125.8 million. Its top holding was Axos Financial (AX) at 13.3% of the portfolio, followed by Truist Financial (TFC, 12.5%) and Financial Institutions (FISI, 11.7%). Compared with Q1 2025, it opened 5 new positions, sold out of 3, added to 5 and reduced 4. The biggest buy was Beacon Financial (BBT, shares +297%) and the biggest sale an exit from First Horizon (FHN).

Most Recent 13F
Q2 2026
Location
VIENNA, VA
CIK
0001741369
Portfolio Value
$125.8M (Q2 2025)
SEC Filing
0000919574-25-004804 ↗ filed Aug 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $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 $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 19 stocks · $125.8M
AX Axos Financial Inc. 13.31% 220,216 $16.7M Reduce -6.3%
TFC Truist Financial Corp. 12.53% 366,620 $15.8M Add +12.3%
FISI Financial Institutions Inc. 11.68% 572,075 $14.7M No change
VOO Vanguard S&P 500 ETF 8.23% 18,224 $10.4M Reduce -17.1%
HWBK Hawthorn Bancshares Inc. 7.93% 342,390 $10.0M No change
PKBK Parke Bancorp Inc. 7.01% 432,700 $8.8M Add +0.2%
MRBK Meridian Corp. 6.31% 616,129 $7.9M Reduce -20.0%
CBNK Capital Bancorp Inc. 6.17% 231,256 $7.8M Reduce -13.2%
TCBX Third Coast Bancshares Inc. 6.09% 234,508 $7.7M No change
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 5.53% 277,904 $7.0M Add +297.2%
QQQ Invesco QQQ Trust Series 1 4.53% 10,339 $5.7M Add +60.6%
CFG Citizens Financial Group 2.49% 70,007 $3.1M New
AUB Atlantic Union Bankshares Co. 1.84% 74,000 $2.3M New
SGOV iShares 0-3 Month Treasury B 1.50% 18,749 $1.9M New
PFE Pfizer Inc. 1.35% 70,000 $1.7M Add +16.7%
FVCB Fvcbankcorp Inc. 1.11% 118,401 $1.4M New
IWN iShares Russell 2000 Value E 0.84% 6,678 $1.1M No change
CFFI C & F Financial Corp. filed as C & F FINL CORP 0.81% 16,472 $1.0M No change
SHBI Shore Bancshares Inc. 0.71% 56,939 $895K New

Options reported separately and not counted above: TFC calls ($507K), SPY puts ($46K), RY puts ($15K).

Portfolio Sells Q1 2025 → Q2 2025
FHN First Horizon Corp. Sold out 0.00% −9.87
MRBK Meridian Corp. Reduce -20.0% 6.31% −2.64
EBTC Enterprise Bancorp Inc. Sold out 0.00% −2.48
XLV SS Health Care Select Sector Sold out 0.00% −1.24
VOO Vanguard S&P 500 ETF Reduce -17.1% 8.23% −0.90
CBNK Capital Bancorp Inc. Reduce -13.2% 6.17% +0.08
AX Axos Financial Inc. Reduce -6.3% 13.31% +1.06

Portfolio Buys Q1 2025 → Q2 2025
BBT Beacon Financial Corp. Add +297.2% 5.53% +4.06
CFG Citizens Financial Group New 2.49% +2.49
QQQ Invesco QQQ Trust Series 1 Add +60.6% 4.53% +2.09
AUB Atlantic Union Bankshares Co. New 1.84% +1.84
TFC Truist Financial Corp. Add +12.3% 12.53% +1.67
SGOV iShares 0-3 Month Treasury B New 1.50% +1.50
FVCB Fvcbankcorp Inc. New 1.11% +1.11
SHBI Shore Bancshares Inc. New 0.71% +0.71
PKBK Parke Bancorp Inc. Add +0.2% 7.01% +0.43
PFE Pfizer Inc. Add +16.7% 1.35% +0.12

Options Activity Q1 2025 → Q2 2025
WFC Wells Fargo & Co. call Sold out 215,100 $2.7Mbefore exit
TFC Truist Financial Corp. call Reduce -57.2% 150,000 $507K
QQQ Invesco QQQ Trust Series 1 put Sold out 15,000 $239Kbefore exit
SPY SS SPDR S&P 500 ETF Trust-US put New 18,000 $46K
RY Royal Bank of Canada put Reduce -86.0% 10,000 $15K

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