Fourthstone LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Fourthstone LLC reported 25 stock positions worth $140.5 million. Its top holding was Avidbank (AVBH) at 16.5% of the portfolio, followed by First Northern Community Ban (FNRN, 14.7%) and Eagle Financial Services (EFSI, 8.5%). Compared with Q1 2026, it opened 6 new positions, sold out of 43, added to 3 and reduced 15. The biggest buy was a new position in First Northern Community Ban (FNRN) and the biggest sale an exit from Carter Bankshares (CARE).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001767803
- Portfolio Value
- $140.5M (Q2 2026)
- SEC Filing
- 0001420506-26-001818 ↗ filed Aug 14, 2026
Holdings Value
Holdings 25 stocks · $140.5M
| AVBH Avidbank Holdings Inc. | 16.48% | 700,818 | $23.1M | Reduce -33.0% |
| FNRN First Northern Community Ban | 14.69% | 1,150,060 | $20.6M | New |
| EFSI Eagle Financial Services Inc. | 8.49% | 287,575 | $11.9M | Reduce -46.0% |
| MRBK Meridian Corp. | 7.68% | 538,390 | $10.8M | Reduce -54.2% |
| FNWB First Northwest Bancorp | 7.13% | 925,038 | $10.0M | Add +0.1% |
| ISTR Investar Holding Corp. | 6.88% | 322,428 | $9.7M | Reduce -61.0% |
| BOTJ Bank of the James Financial | 6.12% | 334,491 | $8.6M | Reduce -13.2% |
| PROV Provident Financial Hldgs | 4.57% | 369,973 | $6.4M | Add +1.2% |
| BHRB Burke & Herbert Financial SE | 4.37% | 84,248 | $6.1M | Reduce -65.8% |
| COSO Coastal South Bancshares Inc. | 4.33% | 225,211 | $6.1M | Reduce -79.5% |
| CFBK CF Bankshares Inc. | 3.75% | 159,824 | $5.3M | Reduce -75.0% |
| FCBM First Carolina Financial Ser | 3.56% | 377,228 | $5.0M | New |
| HNVR Hanover Bancorp Inc. | 2.42% | 144,216 | $3.4M | Reduce -72.3% |
| CBAN Colony Bankcorp | 2.38% | 166,465 | $3.3M | Reduce -91.9% |
| WSBF Waterstone Financial Inc. | 1.46% | 98,910 | $2.1M | Reduce -66.0% |
| BPRN Princeton Bancorp Inc. | 1.44% | 53,218 | $2.0M | Add +25.3% |
| MNSB Mainstreet Bancshares Inc. | 0.84% | 47,432 | $1.2M | Reduce -87.7% |
| BCBP BCB Bancorp Inc. | 0.77% | 100,903 | $1.1M | New |
| RVSB Riverview Bancorp Inc. | 0.65% | 169,041 | $918K | New |
| FNWD Finward Bancorp | 0.55% | 20,976 | $771K | New |
| ATLO Ames National Corp. | 0.39% | 16,768 | $543K | Reduce -97.5% |
| AUBN Auburn Natl Bancorporation | 0.34% | 17,806 | $481K | New |
| TCBS Texas Community Bancshares | 0.26% | 20,894 | $370K | No change |
| VABK Virginia National Bankshares | 0.23% | 7,374 | $327K | Reduce -12.6% |
| CBFV CB Financial Services Inc. filed as CB FINL SVCS INC | 0.22% | 8,083 | $311K | Reduce -21.1% |
Portfolio Sells Q1 2026 → Q2 2026
| CARE Carter Bankshares Inc. | Sold out | 0.00% | −5.94 |
| CWBC Community West Bancshares | Sold out | 0.00% | −5.38 |
| CBAN Colony Bankcorp | Reduce -91.9% | 2.38% | −4.61 |
| FXNC First National Corp. | Sold out | 0.00% | −3.53 |
| PKBK Parke Bancorp Inc. | Sold out | 0.00% | −3.37 |
| FVCB Fvcbankcorp Inc. | Sold out | 0.00% | −3.28 |
| FCCO First Community Corp. | Sold out | 0.00% | −2.95 |
| ATLO Ames National Corp. | Reduce -97.5% | 0.39% | −2.88 |
| LNKB Linkbancorp Inc. | Sold out | 0.00% | −2.52 |
| OVLY Oak Valley Bancorp | Sold out | 0.00% | −2.26 |
| MPB Mid Penn Bancorp Inc. | Sold out | 0.00% | −2.00 |
| EBMT Eagle Bancorp Montana Inc. | Sold out | 0.00% | −1.93 |
| NKSH National Bankshares Inc. | Sold out | 0.00% | −1.78 |
| MCB Metropolitan Bank Holding Co. | Sold out | 0.00% | −1.77 |
| FRST Primis Financial Corp. | Sold out | 0.00% | −1.65 |
| OVBC Ohio Valley Banc Corp. | Sold out | 0.00% | −1.63 |
| TSBK Timberland Bancorp Inc. | Sold out | 0.00% | −1.54 |
| SHBI Shore Bancshares Inc. | Sold out | 0.00% | −1.33 |
| PEBK Peoples Bancorp of NC | Sold out | 0.00% | −1.29 |
| PLBC Plumas Bancorp | Sold out | 0.00% | −1.23 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −1.19 |
| UBFO United Security Bancshare | Sold out | 0.00% | −1.18 |
| TOWN Towne Bank | Sold out | 0.00% | −1.15 |
| BFST Business First Bancshares | Sold out | 0.00% | −1.06 |
| EGBN Eagle Bancorp Inc. | Sold out | 0.00% | −0.90 |
| CCNE CNB Financial Corp. | Sold out | 0.00% | −0.80 |
| PB Prosperity Bancshares Inc. | Sold out | 0.00% | −0.79 |
| MNSB Mainstreet Bancshares Inc. | Reduce -87.7% | 0.84% | −0.60 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.37 |
| JMSB John Marshall Bancorp Inc. | Sold out | 0.00% | −0.37 |
| WNEB Western New England Bancorp | Sold out | 0.00% | −0.28 |
| COSO Coastal South Bancshares Inc. | Reduce -79.5% | 4.33% | −0.25 |
| UMBF Umb Financial Corp. | Sold out | 0.00% | −0.20 |
| SSB Southstate Bank Corp. | Sold out | 0.00% | −0.20 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.19 |
| BMRC Bank of Marin Bancorp | Sold out | 0.00% | −0.18 |
| ONB Old National Bancorp | Sold out | 0.00% | −0.18 |
| WSBC Wesbanco Inc. | Sold out | 0.00% | −0.18 |
| ASB Associated Banc-Corp. | Sold out | 0.00% | −0.18 |
| OBT Orange County Bancorp Inc. | Sold out | 0.00% | −0.15 |
| CIVB Civista Bancshares Inc. | Sold out | 0.00% | −0.10 |
| HFWA Heritage Financial Corp. | Sold out | 0.00% | −0.09 |
| COFS Choiceone Financial SVCS Inc. | Sold out | 0.00% | −0.07 |
| LARK Landmark Bancorp Inc. | Sold out | 0.00% | −0.05 |
| SFST Southern First Bancshares | Sold out | 0.00% | −0.04 |
| BWB Bridgewater Bancshares Inc. | Sold out | 0.00% | −0.04 |
| BCAL California Bancorp | Sold out | 0.00% | −0.03 |
| CBFV CB Financial Services Inc. | Reduce -21.1% | 0.22% | +0.16 |
| VABK Virginia National Bankshares | Reduce -12.6% | 0.23% | +0.18 |
| HNVR Hanover Bancorp Inc. | Reduce -72.3% | 2.42% | +0.51 |
Portfolio Buys Q1 2026 → Q2 2026
| FNRN First Northern Community Ban | New | 14.69% | +14.69 |
| FNWB First Northwest Bancorp | Add +0.1% | 7.13% | +5.77 |
| PROV Provident Financial Hldgs | Add +1.2% | 4.57% | +3.57 |
| FCBM First Carolina Financial Ser | New | 3.56% | +3.56 |
| BPRN Princeton Bancorp Inc. | Add +25.3% | 1.44% | +1.19 |
| BCBP BCB Bancorp Inc. | New | 0.77% | +0.77 |
| RVSB Riverview Bancorp Inc. | New | 0.65% | +0.65 |
| FNWD Finward Bancorp | New | 0.55% | +0.55 |
| AUBN Auburn Natl Bancorporation | New | 0.34% | +0.34 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $140.5M | AVBH, FNRN, EFSI, MRBK, FNWB |
| Q1 2026 | 62 | $590.0M | CBAN, CARE, CWBC, AVBH, COSO |
| Q4 2025 | 54 | $534.4M | ORRF, CBAN, CWBC, AVBH, CARE |
| Q3 2025 | 83 | $557.6M | ORRF, COFS, CWBC, AVBH, BCAL |
| Q2 2025 | 98 | $509.7M | ORRF, BCAL, COFS, CWBC, FISI |
| Q1 2025 | 75 | $403.4M | ORRF, COFS, BCAL, CWBC, FXNC |
| Q4 2024 | 68 | $512.1M | ORRF, BCAL, SHBI, CWBC, EGBN |
| Q3 2024 | 66 | $448.8M | ORRF, SHBI, BCAL, CWBC, BHRB |
| Q2 2024 | 46 | $314.1M | SHBI, CWBC, BCAL, CVLY, CHMG |
| Q1 2024 | 29 | $307.0M | SHBI, CWBC, BCAL, CVLY, CHMG |