Ategra Capital Management, LLC In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Ategra Capital Management, LLC reported 25 stock positions worth $175.0 million . Its top holding was Financial Institutions (FISI) at 10.2% of the portfolio, followed by Truist Financial (TFC, 8.9% ) and Citizens Financial (CFG, 8.0% ). Compared with Q3 2025, it opened 5 new positions, sold out of 2, added to 7 and reduced 3. The biggest buy was a new position in Independent Bank Corp. - Mich (IBCP) and the biggest sale an exit from Pfizer (PFE).
Location VIENNA, VA
CIK 0001741369
Portfolio Value $175.0M (Q4 2025) Holdings 25 stocks · $175.0M 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 2025 FISI Financial Institutions Inc. 572,075 $17.8M No change TFC Truist Financial Corp. 317,620 $15.6M No change CFG Citizens Financial Group 240,007 $14.0M Add +17.1% BBT Beacon Financial Corp. 511,288 $13.5M Add +5.7% AX Axos Financial Inc. 153,342 $13.2M Add +9.3% HWBK Hawthorn Bancshares Inc. 342,390 $11.9M No change PKBK Parke Bancorp Inc. 453,493 $11.4M Add +3.0% QQQ Invesco QQQ Trust Series 1 15,839 $9.7M No change VOO Vanguard S&P 500 ETF 14,724 $9.2M No change ARBV American Riviera Bancorp 380,700 $9.1M No change TCBX Third Coast Bancshares Inc. 182,182 $6.9M No change CBNK Capital Bancorp Inc. 231,256 $6.5M No change MRBK Meridian Corp. 352,269 $6.2M Reduce -13.4% FVCB Fvcbankcorp Inc. 436,748 $6.1M Add +18.5% IBCP Independent Bank Corp. - Mich 139,223 $4.5M New EGBN Eagle Bancorp Inc. 184,749 $4.0M Add +367.1% MVBF MVB Financial Corp. 110,544 $2.9M Add +101.5% PEBO Peoples Bancorp Inc. 89,292 $2.7M New BA The Boeing Co. 11,700 $2.5M No change EIX Edison International 36,930 $2.2M New AUB Atlantic Union Bankshares Co. 46,600 $1.6M Reduce -37.0% IWN iShares Russell 2000 Value E 6,678 $1.2M No change CFFI C & F Financial Corp. filed as C & F FINL CORP 14,189 $1.0M Reduce -13.9% WFC Wells Fargo & Co. 6,000 $559K New SCHW Schwab (charles) Corp. 4,965 $496K New
Options reported separately and not counted above: QQQ puts ($24.6M), TFC calls ($7.4M), BA calls ($3.3M).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ PFE Pfizer Inc. Sold out 0.00% −1.20 AUB Atlantic Union Bankshares Co. Reduce -37.0% 0.94% −0.81 MRBK Meridian Corp. Reduce -13.4% 3.54% −0.77 SHBI Shore Bancshares Inc. Sold out 0.00% −0.63 CFFI C & F Financial Corp. Reduce -13.9% 0.59% −0.15
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ IBCP Independent Bank Corp. - Mich New 2.59% +2.59 EGBN Eagle Bancorp Inc. Add +367.1% 2.26% +1.73 PEBO Peoples Bancorp Inc. New 1.53% +1.53 EIX Edison International New 1.27% +1.27 MVBF MVB Financial Corp. Add +101.5% 1.63% +0.71 CFG Citizens Financial Group Add +17.1% 8.01% +0.71 WFC Wells Fargo & Co. New 0.32% +0.32 SCHW Schwab (charles) Corp. New 0.28% +0.28 FVCB Fvcbankcorp Inc. Add +18.5% 3.47% +0.27 PKBK Parke Bancorp Inc. Add +3.0% 6.49% +0.13 BBT Beacon Financial Corp. Add +5.7% 7.71% +0.01 AX Axos Financial Inc. Add +9.3% 7.55% −0.41
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Add +100.0% 40,000 $24.6M BA The Boeing Co. call New 15,000 $3.3M RY Royal Bank of Canada put Sold out 10,000 $1.5Mbefore exit
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