Fourthstone LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Fourthstone LLC reported 66 stock positions worth $448.8 million. Its top holding was Orrstown Finl Services (ORRF) at 14.5% of the portfolio, followed by Shore Bancshares (SHBI, 10.4%) and California Bancorp (BCAL, 8.9%). Compared with Q2 2024, it opened 31 new positions, sold out of 11, added to 27 and reduced 8. The biggest buy was Orrstown Finl Services (ORRF, shares +224%) and the biggest sale an exit from Codorus Valley Bancorp (CVLY).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001767803
- Portfolio Value
- $448.8M (Q3 2024)
- SEC Filing
- 0001420506-24-002406 ↗ filed Nov 14, 2024
Holdings Value
Holdings 66 stocks · $448.8M
| ORRF Orrstown Finl Services Inc. | 14.52% | 1,811,825 | $65.2M | Add +223.8% |
| SHBI Shore Bancshares Inc. | 10.38% | 3,329,922 | $46.6M | Add +1.7% |
| BCAL California Bancorp | 8.89% | 2,696,523 | $39.9M | Add +52.3% |
| CWBC Community West Bancshares | 8.02% | 1,868,778 | $36.0M | Add +8.7% |
| BHRB Burke & Herbert Financial SE | 5.40% | 397,598 | $24.2M | Add +29.3% |
| CBAN Colony Bankcorp | 5.25% | 1,516,585 | $23.5M | Reduce -11.4% |
| CHMG Chemung Financial Corp. | 3.35% | 312,921 | $15.0M | Reduce -29.9% |
| MRBK Meridian Corp. | 3.15% | 1,116,763 | $14.1M | Reduce -0.2% |
| FSUN Firstsun Capital Bancorp | 3.09% | 325,035 | $13.8M | New |
| FRAF Franklin Financial Services | 2.96% | 440,745 | $13.3M | Add +0.3% |
| FUNC First United Corp. | 2.93% | 441,143 | $13.2M | Add +30.0% |
| FXNC First National Corp. | 2.45% | 627,467 | $11.0M | Add +0.3% |
| COFS Choiceone Financial SVCS Inc. | 2.44% | 354,630 | $11.0M | New |
| FNWB First Northwest Bancorp | 2.25% | 941,768 | $10.1M | Add +0.3% |
| BVFL BV Financial Inc. filed as BV FINL INC | 1.94% | 567,778 | $8.7M | Add +161.1% |
| FCCO First Community Corp. | 1.91% | 400,225 | $8.6M | Add +28.9% |
| RVSB Riverview Bancorp Inc. | 1.88% | 1,786,451 | $8.4M | Add +3.5% |
| EBMT Eagle Bancorp Montana Inc. | 1.83% | 520,663 | $8.2M | Add +1.1% |
| WNEB Western New England Bancorp | 1.46% | 769,807 | $6.5M | Add +372.5% |
| EGBN Eagle Bancorp Inc. | 1.33% | 264,471 | $6.0M | New |
| BRBS Blue Ridge Bankshares Inc. | 1.24% | 1,987,097 | $5.6M | Add +662.9% |
| FSFG First Savings Financial Grp | 1.14% | 214,671 | $5.1M | Add +166.2% |
| CARE Carter Bankshares Inc. | 1.06% | 274,481 | $4.8M | Add +205.3% |
| FNWD Finward Bancorp | 0.98% | 137,520 | $4.4M | Reduce -23.2% |
| WBS Webster Financial Corp. | 0.85% | 82,100 | $3.8M | Add +569.2% |
| FRST Primis Financial Corp. | 0.67% | 247,194 | $3.0M | Add +271.5% |
| MOFG Midwestone Financial Group I | 0.64% | 100,100 | $2.9M | Add +298.8% |
| LNKB Linkbancorp Inc. | 0.63% | 444,223 | $2.8M | Add +234.1% |
| BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP | 0.38% | 85,122 | $1.7M | Reduce -18.1% |
| OPOF Old Point Financial Corp. | 0.35% | 81,594 | $1.6M | Add +44.9% |
| CZWI Citizens Community Bancorp I | 0.34% | 107,281 | $1.5M | New |
| UBFO United Security Bancshare | 0.33% | 171,540 | $1.5M | Add +314.5% |
| OPBK Op Bancorp | 0.32% | 116,006 | $1.4M | New |
| MNSB Mainstreet Bancshares Inc. | 0.32% | 78,116 | $1.4M | New |
| FVCB Fvcbankcorp Inc. | 0.31% | 105,036 | $1.4M | New |
| CBNK Capital Bancorp Inc. | 0.30% | 51,551 | $1.3M | Add +104.6% |
| BOTJ Bank of the James Financial | 0.29% | 93,119 | $1.3M | Add +27.7% |
| PBHC Pathfinder Bancorp Inc. | 0.28% | 79,721 | $1.3M | Add +69.2% |
| SFST Southern First Bancshares | 0.26% | 33,897 | $1.2M | New |
| BFST Business First Bancshares | 0.26% | 44,800 | $1.2M | New |
| VLY Valley National Bancorp | 0.25% | 124,099 | $1.1M | New |
| MCB Metropolitan Bank Holding Co. | 0.25% | 21,050 | $1.1M | New |
| FDSB Fifth District Bancorp Inc. | 0.24% | 102,022 | $1.1M | New |
| HUDSON PAC PPTYS INC | 0.23% | 219,400 | $1.0M | New |
| SASR Sandy Spring Bancorp Inc. | 0.23% | 32,900 | $1.0M | New |
| PROV Provident Financial Hldgs | 0.22% | 69,050 | $991K | New |
| HANOVER BANCORP INC/NY | 0.20% | 49,042 | $877K | New |
| BWFG Bankwell Financial Group Inc. | 0.17% | 25,912 | $776K | New |
| SRBK Sr Bancorp Inc. | 0.17% | 67,825 | $756K | New |
| COLB Columbia Banking System Inc. | 0.15% | 25,200 | $658K | Reduce -10.3% |
| PKBK Parke Bancorp Inc. | 0.13% | 26,957 | $563K | Add +11.8% |
| PLBC Plumas Bancorp | 0.12% | 12,771 | $521K | New |
| FISI Financial Institutions Inc. | 0.12% | 20,350 | $518K | New |
| HWC Hancock Whitney Corp. | 0.12% | 10,100 | $517K | New |
| PEBK Peoples Bancorp of NC | 0.11% | 20,174 | $512K | Reduce -94.5% |
| FFIC Flushing Financial Corp. | 0.11% | 35,000 | $510K | New |
| WSBC Wesbanco Inc. | 0.11% | 16,600 | $494K | New |
| KRNY Kearny Financial Corp. | 0.11% | 70,000 | $481K | New |
| CIVB Civista Bancshares Inc. | 0.10% | 24,650 | $439K | Reduce -49.8% |
| OVBC Ohio Valley Banc Corp. filed as OHIO VY BANC CORP | 0.09% | 16,987 | $412K | New |
| FBIZ First Business Financial Ser | 0.09% | 8,524 | $389K | New |
| CBFV CB Financial Services Inc. filed as CB FINL SVCS INC | 0.08% | 13,329 | $373K | New |
| FGBI First Guaranty Bancshares Inc. | 0.08% | 34,375 | $366K | New |
| OPHC Optimumbank Holdings Inc. | 0.07% | 70,760 | $323K | New |
| OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF | 0.07% | 11,110 | $295K | New |
| FRBA First Bank/Hamilton NJ | 0.04% | 13,087 | $199K | New |
Portfolio Sells Q2 2024 → Q3 2024
| CVLY Codorus Valley Bancorp Inc. | Sold out | 0.00% | −7.36 |
| CHMG Chemung Financial Corp. | Reduce -29.9% | 3.35% | −3.47 |
| PEBK Peoples Bancorp of NC | Reduce -94.5% | 0.11% | −3.28 |
| ISTR Investar Holding Corp. | Sold out | 0.00% | −2.86 |
| CALB California Bancorp Inc. | Sold out | 0.00% | −2.41 |
| CBAN Colony Bankcorp | Reduce -11.4% | 5.25% | −1.43 |
| MCHB Mechanics Bancorp Class A | Sold out | 0.00% | −0.93 |
| MRBK Meridian Corp. | Reduce -0.2% | 3.15% | −0.60 |
| FNWD Finward Bancorp | Reduce -23.2% | 0.98% | −0.42 |
| PFS Provident Financial Services | Sold out | 0.00% | −0.37 |
| MPB Mid Penn Bancorp Inc. | Sold out | 0.00% | −0.27 |
| CZFS Citizens Financial Services | Sold out | 0.00% | −0.19 |
| WAL Western Alliance Bancorp | Sold out | 0.00% | −0.18 |
| OZK Bank Ozk | Sold out | 0.00% | −0.17 |
| NFBK Northfield Bancorp Inc. | Sold out | 0.00% | −0.16 |
| OCFC Oceanfirst Financial Corp. | Sold out | 0.00% | −0.16 |
| BMRC Bank of Marin Bancorp | Reduce -18.1% | 0.38% | −0.15 |
| CIVB Civista Bancshares Inc. | Reduce -49.8% | 0.10% | −0.14 |
| COLB Columbia Banking System Inc. | Reduce -10.3% | 0.15% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| ORRF Orrstown Finl Services Inc. | Add +223.8% | 14.52% | +9.64 |
| FSUN Firstsun Capital Bancorp | New | 3.09% | +3.09 |
| COFS Choiceone Financial SVCS Inc. | New | 2.44% | +2.44 |
| EGBN Eagle Bancorp Inc. | New | 1.33% | +1.33 |
| BCAL California Bancorp | Add +52.3% | 8.89% | +1.29 |
| BVFL BV Financial Inc. | Add +161.1% | 1.94% | +1.12 |
| WNEB Western New England Bancorp | Add +372.5% | 1.46% | +1.10 |
| BRBS Blue Ridge Bankshares Inc. | Add +662.9% | 1.24% | +1.02 |
| FUNC First United Corp. | Add +30.0% | 2.93% | +0.73 |
| WBS Webster Financial Corp. | Add +569.2% | 0.85% | +0.68 |
| FSFG First Savings Financial Grp | Add +166.2% | 1.14% | +0.68 |
| CARE Carter Bankshares Inc. | Add +205.3% | 1.06% | +0.63 |
| MOFG Midwestone Financial Group I | Add +298.8% | 0.64% | +0.46 |
| FRST Primis Financial Corp. | Add +271.5% | 0.67% | +0.45 |
| BHRB Burke & Herbert Financial SE | Add +29.3% | 5.40% | +0.41 |
| LNKB Linkbancorp Inc. | Add +234.1% | 0.63% | +0.38 |
| CZWI Citizens Community Bancorp I | New | 0.34% | +0.34 |
| OPBK Op Bancorp | New | 0.32% | +0.32 |
| MNSB Mainstreet Bancshares Inc. | New | 0.32% | +0.32 |
| FVCB Fvcbankcorp Inc. | New | 0.31% | +0.31 |
| SFST Southern First Bancshares | New | 0.26% | +0.26 |
| BFST Business First Bancshares | New | 0.26% | +0.26 |
| VLY Valley National Bancorp | New | 0.25% | +0.25 |
| MCB Metropolitan Bank Holding Co. | New | 0.25% | +0.25 |
| UBFO United Security Bancshare | Add +314.5% | 0.33% | +0.24 |
| FDSB Fifth District Bancorp Inc. | New | 0.24% | +0.24 |
| HUDSON PAC PPTYS INC | New | 0.23% | +0.23 |
| SASR Sandy Spring Bancorp Inc. | New | 0.23% | +0.23 |
| PROV Provident Financial Hldgs | New | 0.22% | +0.22 |
| FCCO First Community Corp. | Add +28.9% | 1.91% | +0.21 |
| HANOVER BANCORP INC/NY | New | 0.20% | +0.20 |
| BWFG Bankwell Financial Group Inc. | New | 0.17% | +0.17 |
| SRBK Sr Bancorp Inc. | New | 0.17% | +0.17 |
| CBNK Capital Bancorp Inc. | Add +104.6% | 0.30% | +0.13 |
| PLBC Plumas Bancorp | New | 0.12% | +0.12 |
| FISI Financial Institutions Inc. | New | 0.12% | +0.12 |
| HWC Hancock Whitney Corp. | New | 0.12% | +0.12 |
| FFIC Flushing Financial Corp. | New | 0.11% | +0.11 |
| WSBC Wesbanco Inc. | New | 0.11% | +0.11 |
| KRNY Kearny Financial Corp. | New | 0.11% | +0.11 |
| OVBC Ohio Valley Banc Corp. | New | 0.09% | +0.09 |
| OPOF Old Point Financial Corp. | Add +44.9% | 0.35% | +0.09 |
| FBIZ First Business Financial Ser | New | 0.09% | +0.09 |
| PBHC Pathfinder Bancorp Inc. | Add +69.2% | 0.28% | +0.08 |
| CBFV CB Financial Services Inc. | New | 0.08% | +0.08 |
| FGBI First Guaranty Bancshares Inc. | New | 0.08% | +0.08 |
| OPHC Optimumbank Holdings Inc. | New | 0.07% | +0.07 |
| OVLY Oak Valley Bancorp | New | 0.07% | +0.07 |
| FRBA First Bank/Hamilton NJ | New | 0.04% | +0.04 |
| BOTJ Bank of the James Financial | Add +27.7% | 0.29% | +0.02 |
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 |