Fourthstone LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Fourthstone LLC reported 29 stock positions worth $307.0 million. Its top holding was Shore Bancshares (SHBI) at 11.9% of the portfolio, followed by Community West Bancshares (CWBC, 11.6%) and California Bancorp (BCAL, 7.3%). Compared with Q4 2023, it opened 1 new position, sold out of 37, added to 16 and reduced 12. The biggest buy was Community West Bancshares (CWBC, shares +329%) and the biggest sale an exit from Central Valley Comm Bancorp.
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001767803
- Portfolio Value
- $307.0M (Q1 2024)
- SEC Filing
- 0001420506-24-000800 ↗ filed May 14, 2024
Holdings Value
Holdings 29 stocks · $307.0M
| SHBI Shore Bancshares Inc. | 11.89% | 3,173,506 | $36.5M | Reduce -3.5% |
| CWBC Community West Bancshares | 11.60% | 1,789,771 | $35.6M | Add +328.8% |
| BCAL California Bancorp filed as SOUTHERN CALIF BANCORP | 7.29% | 1,501,808 | $22.4M | Add +1.0% |
| CVLY Codorus Valley Bancorp Inc. | 6.60% | 890,019 | $20.3M | Add +28.8% |
| CHMG Chemung Financial Corp. | 6.03% | 436,009 | $18.5M | Add +14.5% |
| CBAN Colony Bankcorp | 5.86% | 1,563,859 | $18.0M | Add +8.3% |
| FNWB First Northwest Bancorp | 4.58% | 898,557 | $14.1M | Reduce -5.3% |
| PEBK Peoples Bancorp of NC | 4.40% | 484,819 | $13.5M | Reduce -9.7% |
| ORRF Orrstown Finl Services Inc. | 4.28% | 491,132 | $13.1M | Add +115.5% |
| ISTR Investar Holding Corp. | 4.18% | 784,257 | $12.8M | Reduce -19.4% |
| FCCO First Community Corp. | 3.74% | 658,298 | $11.5M | Add +29.9% |
| FRAF Franklin Financial Services | 3.71% | 434,375 | $11.4M | Add +0.1% |
| MRBK Meridian Corp. | 3.60% | 1,115,074 | $11.1M | Add +7.7% |
| FXNC First National Corp. | 3.29% | 620,651 | $10.1M | Add +16.7% |
| CARE Carter Bankshares Inc. | 3.26% | 791,964 | $10.0M | Add +47.8% |
| RVSB Riverview Bancorp Inc. | 3.23% | 2,098,676 | $9.9M | Add +21.8% |
| HMNF HMN Financial Inc. | 2.05% | 298,590 | $6.3M | Add +16.5% |
| EBMT Eagle Bancorp Montana Inc. | 1.91% | 456,939 | $5.9M | Add +3.8% |
| SMMF Summit Financial Group Inc. | 1.90% | 214,537 | $5.8M | Reduce -8.6% |
| FUNC First United Corp. | 1.64% | 220,052 | $5.0M | Add +40.7% |
| FNWD Finward Bancorp | 1.51% | 187,912 | $4.6M | Reduce -56.1% |
| TBNK Territorial Bancorp Inc. | 1.04% | 397,173 | $3.2M | Add +48.8% |
| CFBK CF Bankshares Inc. | 0.62% | 94,873 | $1.9M | Reduce -20.4% |
| FRST Primis Financial Corp. | 0.57% | 143,576 | $1.7M | Reduce -84.9% |
| FSFG First Savings Financial Grp | 0.46% | 83,695 | $1.4M | Reduce -41.5% |
| BOTJ Bank of the James Financial | 0.25% | 74,166 | $768K | Reduce -30.8% |
| AUBN Auburn Natl Bancorporation | 0.23% | 37,264 | $718K | Reduce -16.8% |
| HANOVER BANCORP INC/NY | 0.18% | 36,354 | $539K | New |
| OPOF Old Point Financial Corp. | 0.12% | 20,791 | $369K | Reduce -23.1% |
Portfolio Sells Q4 2023 → Q1 2024
| CENTRAL VALLEY COMM BANCORP | Sold out | 0.00% | −5.21 |
| MCHB Mechanics Bancorp Class A | Sold out | 0.00% | −3.89 |
| COLB Columbia Banking System Inc. | Sold out | 0.00% | −3.79 |
| EGBN Eagle Bancorp Inc. | Sold out | 0.00% | −2.57 |
| HTLF Heartland Financial USA Inc. | Sold out | 0.00% | −2.40 |
| WAL Western Alliance Bancorp | Sold out | 0.00% | −2.34 |
| FFWM First Foundation Inc. | Sold out | 0.00% | −2.07 |
| FRST Primis Financial Corp. | Reduce -84.9% | 0.57% | −1.86 |
| WBS Webster Financial Corp. | Sold out | 0.00% | −1.51 |
| CZWI Citizens Community Bancorp I | Sold out | 0.00% | −1.03 |
| BRBS Blue Ridge Bankshares Inc. | Sold out | 0.00% | −0.99 |
| HWBK Hawthorn Bancshares Inc. | Sold out | 0.00% | −0.84 |
| EQBK Equity Bancshares Inc. Class A | Sold out | 0.00% | −0.83 |
| BVFL BV Financial Inc. | Sold out | 0.00% | −0.74 |
| BSRR Sierra Bancorp | Sold out | 0.00% | −0.70 |
| FNWD Finward Bancorp | Reduce -56.1% | 1.51% | −0.68 |
| BMRC Bank of Marin Bancorp | Sold out | 0.00% | −0.66 |
| WNEB Western New England Bancorp | Sold out | 0.00% | −0.61 |
| MOFG Midwestone Financial Group I | Sold out | 0.00% | −0.56 |
| EVBN Evans Bancorp Inc. | Sold out | 0.00% | −0.54 |
| CALB California Bancorp Inc. | Sold out | 0.00% | −0.54 |
| CZFS Citizens Financial Services | Sold out | 0.00% | −0.49 |
| CIVB Civista Bancshares Inc. | Sold out | 0.00% | −0.46 |
| TSBK Timberland Bancorp Inc. | Sold out | 0.00% | −0.43 |
| NBBK NB Bancorp Inc. | Sold out | 0.00% | −0.41 |
| INBK First Internet Bancorp | Sold out | 0.00% | −0.40 |
| OPBK Op Bancorp | Sold out | 0.00% | −0.29 |
| THFF First Financial Corp. | Sold out | 0.00% | −0.28 |
| FBMS First Bancshares Inc. | Sold out | 0.00% | −0.27 |
| LNKB Linkbancorp Inc. | Sold out | 0.00% | −0.24 |
| HTBK Heritage Commerce Corp. | Sold out | 0.00% | −0.21 |
| ASRV Ameriserv Financial Inc. | Sold out | 0.00% | −0.21 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.20 |
| CBFV CB Financial Services Inc. | Sold out | 0.00% | −0.09 |
| BFIN Bankfinancial Corp. | Sold out | 0.00% | −0.09 |
| PKBK Parke Bancorp Inc. | Sold out | 0.00% | −0.07 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −0.05 |
| AFBI Affinity Bancshares Inc. | Sold out | 0.00% | −0.05 |
| SBFG SB Financial Group Inc. | Sold out | 0.00% | −0.04 |
| FSFG First Savings Financial Grp | Reduce -41.5% | 0.46% | −0.03 |
| BOTJ Bank of the James Financial | Reduce -30.8% | 0.25% | −0.01 |
| OPOF Old Point Financial Corp. | Reduce -23.1% | 0.12% | +0.02 |
| AUBN Auburn Natl Bancorporation | Reduce -16.8% | 0.23% | +0.04 |
| CFBK CF Bankshares Inc. | Reduce -20.4% | 0.62% | +0.15 |
| SMMF Summit Financial Group Inc. | Reduce -8.6% | 1.90% | +0.44 |
| PEBK Peoples Bancorp of NC | Reduce -9.7% | 4.40% | +1.03 |
| ISTR Investar Holding Corp. | Reduce -19.4% | 4.18% | +1.24 |
| FNWB First Northwest Bancorp | Reduce -5.3% | 4.58% | +1.52 |
| SHBI Shore Bancshares Inc. | Reduce -3.5% | 11.89% | +2.39 |
Portfolio Buys Q4 2023 → Q1 2024
| CWBC Community West Bancshares | Add +328.8% | 11.60% | +10.13 |
| CVLY Codorus Valley Bancorp Inc. | Add +28.8% | 6.60% | +3.00 |
| ORRF Orrstown Finl Services Inc. | Add +115.5% | 4.28% | +2.92 |
| CHMG Chemung Financial Corp. | Add +14.5% | 6.03% | +2.19 |
| BCAL California Bancorp | Add +1.0% | 7.29% | +2.07 |
| CBAN Colony Bankcorp | Add +8.3% | 5.86% | +1.97 |
| CARE Carter Bankshares Inc. | Add +47.8% | 3.26% | +1.64 |
| FCCO First Community Corp. | Add +29.9% | 3.74% | +1.53 |
| RVSB Riverview Bancorp Inc. | Add +21.8% | 3.23% | +0.99 |
| FXNC First National Corp. | Add +16.7% | 3.29% | +0.94 |
| FRAF Franklin Financial Services | Add +0.1% | 3.71% | +0.93 |
| FUNC First United Corp. | Add +40.7% | 1.64% | +0.90 |
| HMNF HMN Financial Inc. | Add +16.5% | 2.05% | +0.86 |
| MRBK Meridian Corp. | Add +7.7% | 3.60% | +0.69 |
| EBMT Eagle Bancorp Montana Inc. | Add +3.8% | 1.91% | +0.50 |
| TBNK Territorial Bancorp Inc. | Add +48.8% | 1.04% | +0.44 |
| HANOVER BANCORP INC/NY | New | 0.18% | +0.18 |
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 |