Fourthstone LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Fourthstone LLC reported 46 stock positions worth $314.1 million. Its top holding was Shore Bancshares (SHBI) at 11.9% of the portfolio, followed by Community West Bancshares (CWBC, 10.1%) and California Bancorp (BCAL, 7.6%). Compared with Q1 2024, it opened 23 new positions, sold out of 6, added to 14 and reduced 9. The biggest buy was a new position in Community West Bancshares (CWBC) and the biggest sale an exit from Community West Bancshares (CWBC).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001767803
- Portfolio Value
- $314.1M (Q2 2024)
- SEC Filing
- 0001420506-24-001537 ↗ filed Aug 14, 2024
Holdings Value
Holdings 46 stocks · $314.1M
| SHBI Shore Bancshares Inc. | 11.94% | 3,275,243 | $37.5M | Add +3.2% |
| CWBC Community West Bancshares | 10.13% | 1,719,272 | $31.8M | New |
| BCAL California Bancorp filed as SOUTHERN CALIF BANCORP | 7.59% | 1,770,619 | $23.9M | Add +17.9% |
| CVLY Codorus Valley Bancorp Inc. | 7.36% | 961,275 | $23.1M | Add +8.0% |
| CHMG Chemung Financial Corp. | 6.82% | 446,445 | $21.4M | Add +2.4% |
| CBAN Colony Bankcorp | 6.68% | 1,712,547 | $21.0M | Add +9.5% |
| BHRB Burke & Herbert Financial SE | 4.99% | 307,447 | $15.7M | Add +184.3% |
| ORRF Orrstown Finl Services Inc. | 4.87% | 559,469 | $15.3M | Add +13.9% |
| FRAF Franklin Financial Services | 3.96% | 439,238 | $12.4M | Add +1.1% |
| MRBK Meridian Corp. | 3.75% | 1,119,023 | $11.8M | Add +0.3% |
| PEBK Peoples Bancorp of NC | 3.39% | 364,833 | $10.7M | Reduce -24.8% |
| FXNC First National Corp. | 3.03% | 625,653 | $9.5M | Add +0.8% |
| FNWB First Northwest Bancorp | 2.90% | 938,529 | $9.1M | Add +4.5% |
| ISTR Investar Holding Corp. | 2.86% | 583,146 | $9.0M | Reduce -25.6% |
| CALB California Bancorp Inc. | 2.41% | 352,690 | $7.6M | New |
| FUNC First United Corp. | 2.21% | 339,228 | $6.9M | Add +54.2% |
| RVSB Riverview Bancorp Inc. | 2.19% | 1,726,256 | $6.9M | Reduce -17.8% |
| EBMT Eagle Bancorp Montana Inc. | 2.17% | 514,765 | $6.8M | Add +12.7% |
| FCCO First Community Corp. | 1.71% | 310,573 | $5.4M | Reduce -52.8% |
| FNWD Finward Bancorp | 1.40% | 178,999 | $4.4M | Reduce -4.7% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 0.93% | 256,505 | $2.9M | New |
| BVFL BV Financial Inc. filed as BV FINL INC | 0.82% | 217,453 | $2.6M | New |
| BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP | 0.54% | 103,928 | $1.7M | New |
| FSFG First Savings Financial Grp | 0.46% | 80,642 | $1.4M | Reduce -3.6% |
| CARE Carter Bankshares Inc. | 0.43% | 89,916 | $1.4M | Reduce -88.7% |
| PFS Provident Financial Services | 0.37% | 82,000 | $1.2M | New |
| WNEB Western New England Bancorp | 0.36% | 162,910 | $1.1M | New |
| MPB Mid Penn Bancorp Inc. | 0.27% | 39,313 | $863K | New |
| OPOF Old Point Financial Corp. | 0.26% | 56,321 | $826K | Add +170.9% |
| BOTJ Bank of the James Financial | 0.26% | 72,928 | $821K | Reduce -1.7% |
| LNKB Linkbancorp Inc. | 0.26% | 132,952 | $814K | New |
| CIVB Civista Bancshares Inc. | 0.24% | 49,113 | $761K | New |
| FRST Primis Financial Corp. | 0.22% | 66,539 | $697K | Reduce -53.7% |
| BRBS Blue Ridge Bankshares Inc. | 0.22% | 260,477 | $680K | New |
| PBHC Pathfinder Bancorp Inc. | 0.20% | 47,117 | $621K | New |
| CZFS Citizens Financial Services | 0.19% | 13,493 | $606K | New |
| WAL Western Alliance Bancorp | 0.18% | 9,100 | $572K | New |
| MOFG Midwestone Financial Group I | 0.18% | 25,100 | $564K | New |
| COLB Columbia Banking System Inc. | 0.18% | 28,100 | $559K | New |
| OZK Bank Ozk | 0.17% | 13,339 | $547K | New |
| WBS Webster Financial Corp. | 0.17% | 12,268 | $535K | New |
| CBNK Capital Bancorp Inc. | 0.16% | 25,193 | $516K | New |
| NFBK Northfield Bancorp Inc. | 0.16% | 54,000 | $512K | New |
| OCFC Oceanfirst Financial Corp. | 0.16% | 31,970 | $508K | New |
| PKBK Parke Bancorp Inc. | 0.13% | 24,113 | $420K | New |
| UBFO United Security Bancshare | 0.10% | 41,389 | $300K | New |
Portfolio Sells Q1 2024 → Q2 2024
| CWBC Community West Bancshares | Sold out | 0.00% | −11.60 |
| CARE Carter Bankshares Inc. | Reduce -88.7% | 0.43% | −2.83 |
| HMNF HMN Financial Inc. | Sold out | 0.00% | −2.05 |
| FCCO First Community Corp. | Reduce -52.8% | 1.71% | −2.03 |
| ISTR Investar Holding Corp. | Reduce -25.6% | 2.86% | −1.32 |
| TBNK Territorial Bancorp Inc. | Sold out | 0.00% | −1.04 |
| RVSB Riverview Bancorp Inc. | Reduce -17.8% | 2.19% | −1.03 |
| PEBK Peoples Bancorp of NC | Reduce -24.8% | 3.39% | −1.01 |
| CFBK CF Bankshares Inc. | Sold out | 0.00% | −0.62 |
| FRST Primis Financial Corp. | Reduce -53.7% | 0.22% | −0.35 |
| AUBN Auburn Natl Bancorporation | Sold out | 0.00% | −0.23 |
| HANOVER BANCORP INC/NY | Sold out | 0.00% | −0.18 |
| FNWD Finward Bancorp | Reduce -4.7% | 1.40% | −0.11 |
| FSFG First Savings Financial Grp | Reduce -3.6% | 0.46% | +0.00 |
| BOTJ Bank of the James Financial | Reduce -1.7% | 0.26% | +0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| CWBC Community West Bancshares | New | 10.13% | +10.13 |
| BHRB Burke & Herbert Financial SE | Add +184.3% | 4.99% | +3.09 |
| CALB California Bancorp Inc. | New | 2.41% | +2.41 |
| MCHB Mechanics Bancorp Class A | New | 0.93% | +0.93 |
| BVFL BV Financial Inc. | New | 0.82% | +0.82 |
| CBAN Colony Bankcorp | Add +9.5% | 6.68% | +0.82 |
| CHMG Chemung Financial Corp. | Add +2.4% | 6.82% | +0.79 |
| CVLY Codorus Valley Bancorp Inc. | Add +8.0% | 7.36% | +0.76 |
| ORRF Orrstown Finl Services Inc. | Add +13.9% | 4.87% | +0.59 |
| FUNC First United Corp. | Add +54.2% | 2.21% | +0.56 |
| BMRC Bank of Marin Bancorp | New | 0.54% | +0.54 |
| PFS Provident Financial Services | New | 0.37% | +0.37 |
| WNEB Western New England Bancorp | New | 0.36% | +0.36 |
| BCAL California Bancorp | Add +17.9% | 7.59% | +0.30 |
| MPB Mid Penn Bancorp Inc. | New | 0.27% | +0.27 |
| EBMT Eagle Bancorp Montana Inc. | Add +12.7% | 2.17% | +0.26 |
| LNKB Linkbancorp Inc. | New | 0.26% | +0.26 |
| FRAF Franklin Financial Services | Add +1.1% | 3.96% | +0.25 |
| CIVB Civista Bancshares Inc. | New | 0.24% | +0.24 |
| BRBS Blue Ridge Bankshares Inc. | New | 0.22% | +0.22 |
| PBHC Pathfinder Bancorp Inc. | New | 0.20% | +0.20 |
| CZFS Citizens Financial Services | New | 0.19% | +0.19 |
| WAL Western Alliance Bancorp | New | 0.18% | +0.18 |
| MOFG Midwestone Financial Group I | New | 0.18% | +0.18 |
| COLB Columbia Banking System Inc. | New | 0.18% | +0.18 |
| OZK Bank Ozk | New | 0.17% | +0.17 |
| WBS Webster Financial Corp. | New | 0.17% | +0.17 |
| CBNK Capital Bancorp Inc. | New | 0.16% | +0.16 |
| NFBK Northfield Bancorp Inc. | New | 0.16% | +0.16 |
| OCFC Oceanfirst Financial Corp. | New | 0.16% | +0.16 |
| MRBK Meridian Corp. | Add +0.3% | 3.75% | +0.15 |
| OPOF Old Point Financial Corp. | Add +170.9% | 0.26% | +0.14 |
| PKBK Parke Bancorp Inc. | New | 0.13% | +0.13 |
| UBFO United Security Bancshare | New | 0.10% | +0.10 |
| SHBI Shore Bancshares Inc. | Add +3.2% | 11.94% | +0.05 |
| FXNC First National Corp. | Add +0.8% | 3.03% | −0.26 |
| FNWB First Northwest Bancorp | Add +4.5% | 2.90% | −1.68 |
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 |