Fourthstone LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Fourthstone LLC reported 75 stock positions worth $403.4 million. Its top holding was Orrstown Finl Services (ORRF) at 13.1% of the portfolio, followed by Choiceone Financial SVCS (COFS, 9.7%) and California Bancorp (BCAL, 8.6%). Compared with Q4 2024, it opened 24 new positions, sold out of 17, added to 23 and reduced 28. The biggest buy was Choiceone Financial SVCS (COFS, shares +185%) and the biggest sale Shore Bancshares (SHBI, shares −76%).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001767803
- Portfolio Value
- $403.4M (Q1 2025)
- SEC Filing
- 0001420506-25-001050 ↗ filed May 14, 2025
Holdings Value
Holdings 75 stocks · $403.4M
| ORRF Orrstown Finl Services Inc. | 13.08% | 1,757,848 | $52.8M | Add +14.7% |
| COFS Choiceone Financial SVCS Inc. | 9.67% | 1,355,650 | $39.0M | Add +184.7% |
| BCAL California Bancorp | 8.56% | 2,409,178 | $34.5M | Reduce -20.0% |
| CWBC Community West Bancshares | 8.23% | 1,795,566 | $33.2M | Add +2.9% |
| FXNC First National Corp. | 4.81% | 864,765 | $19.4M | Reduce -3.5% |
| FRAF Franklin Financial Services | 3.52% | 400,623 | $14.2M | Reduce -9.2% |
| FISI Financial Institutions Inc. | 3.39% | 547,087 | $13.7M | Add +71.9% |
| BVFL BV Financial Inc. filed as BV FINL INC | 3.29% | 869,040 | $13.3M | Add +46.7% |
| MRBK Meridian Corp. | 2.76% | 772,449 | $11.1M | Reduce -30.4% |
| CBAN Colony Bankcorp | 2.73% | 682,658 | $11.0M | Reduce -54.4% |
| RVSB Riverview Bancorp Inc. | 2.46% | 1,754,499 | $9.9M | Add +6.1% |
| SHBI Shore Bancshares Inc. | 2.39% | 710,862 | $9.6M | Reduce -76.1% |
| OPOF Old Point Financial Corp. filed as OLD PT FINANCIAL CORPORATION | 2.37% | 319,682 | $9.6M | Reduce -7.2% |
| EFSI Eagle Financial Services Inc. | 2.21% | 271,364 | $8.9M | New |
| FNWB First Northwest Bancorp | 2.18% | 863,812 | $8.8M | Reduce -7.0% |
| EBMT Eagle Bancorp Montana Inc. | 2.11% | 508,439 | $8.5M | Add +12.7% |
| EGBN Eagle Bancorp Inc. | 2.05% | 394,201 | $8.3M | Reduce -69.1% |
| CARE Carter Bankshares Inc. | 1.78% | 443,933 | $7.2M | Reduce -19.4% |
| WNEB Western New England Bancorp | 1.39% | 601,166 | $5.6M | Reduce -34.0% |
| BWFG Bankwell Financial Group Inc. | 1.25% | 166,563 | $5.0M | Add +57.8% |
| FBLA FB Bancorp Inc. | 1.13% | 406,515 | $4.6M | Add +38.4% |
| FCCO First Community Corp. | 1.07% | 190,438 | $4.3M | Reduce -41.6% |
| MCB Metropolitan Bank Holding Co. | 0.97% | 69,769 | $3.9M | Add +344.3% |
| UBFO United Security Bancshare | 0.72% | 323,757 | $2.9M | Add +0.8% |
| BOTJ Bank of the James Financial | 0.65% | 177,374 | $2.6M | Add +10.1% |
| OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF | 0.64% | 103,708 | $2.6M | New |
| FNWD Finward Bancorp | 0.62% | 85,420 | $2.5M | Reduce -32.0% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 0.54% | 78,800 | $2.2M | New |
| FFWM First Foundation Inc. | 0.54% | 422,380 | $2.2M | Add +124.5% |
| FCAP First Capital Inc. | 0.54% | 57,312 | $2.2M | Add +1.4% |
| BWB Bridgewater Bancshares Inc. | 0.54% | 156,964 | $2.2M | Reduce -25.8% |
| SFST Southern First Bancshares | 0.54% | 66,181 | $2.2M | New |
| FVCB Fvcbankcorp Inc. | 0.54% | 204,975 | $2.2M | Add +103.5% |
| CZWI Citizens Community Bancorp I | 0.52% | 144,551 | $2.1M | Reduce -45.2% |
| AUB Atlantic Union Bankshares Co. | 0.46% | 59,200 | $1.8M | New |
| WSBC Wesbanco Inc. | 0.45% | 58,400 | $1.8M | New |
| FRST Primis Financial Corp. | 0.44% | 180,336 | $1.8M | Reduce -79.9% |
| CFBK CF Bankshares Inc. | 0.42% | 76,549 | $1.7M | New |
| BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP | 0.39% | 70,609 | $1.6M | Add +37.9% |
| KRNY Kearny Financial Corp. | 0.38% | 245,850 | $1.5M | Reduce -34.9% |
| OPHC Optimumbank Holdings Inc. | 0.35% | 346,454 | $1.4M | Add +1269.3% |
| OPBK Op Bancorp | 0.34% | 115,552 | $1.4M | New |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 0.33% | 113,906 | $1.3M | Reduce -36.0% |
| FFIC Flushing Financial Corp. | 0.33% | 104,096 | $1.3M | Add +197.4% |
| OCFC Oceanfirst Financial Corp. | 0.32% | 75,547 | $1.3M | New |
| PROV Provident Financial Hldgs | 0.32% | 87,654 | $1.3M | Reduce -2.7% |
| BHRB Burke & Herbert Financial SE | 0.30% | 21,417 | $1.2M | Reduce -95.3% |
| MVBF MVB Financial Corp. | 0.30% | 69,133 | $1.2M | Add +317.6% |
| PNC PNC Financial Services Group | 0.29% | 6,618 | $1.2M | New |
| BRBS Blue Ridge Bankshares Inc. | 0.29% | 355,212 | $1.2M | New |
| CNOB Connectone Bancorp Inc. | 0.27% | 45,600 | $1.1M | Reduce -21.0% |
| PKBK Parke Bancorp Inc. | 0.27% | 58,504 | $1.1M | Add +116.2% |
| INBK First Internet Bancorp | 0.27% | 40,900 | $1.1M | New |
| FSUN Firstsun Capital Bancorp | 0.27% | 30,000 | $1.1M | New |
| WBS Webster Financial Corp. | 0.27% | 21,000 | $1.1M | Add +94.4% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.26% | 40,500 | $1.1M | Reduce -73.9% |
| VLY Valley National Bancorp | 0.25% | 114,871 | $1.0M | Add +4.3% |
| USB US Bancorp | 0.25% | 24,100 | $1.0M | New |
| TFC Truist Financial Corp. | 0.24% | 24,000 | $988K | Add +100.0% |
| LNKB Linkbancorp Inc. | 0.21% | 124,841 | $846K | Reduce -0.5% |
| ATLO Ames National Corp. | 0.21% | 47,971 | $840K | New |
| CCNE CNB Financial Corp. | 0.21% | 37,671 | $838K | New |
| CBFV CB Financial Services Inc. filed as CB FINL SVCS INC | 0.19% | 26,902 | $765K | New |
| RRBI Red River Bancshares Inc. | 0.16% | 12,800 | $661K | New |
| MPB Mid Penn Bancorp Inc. | 0.16% | 24,500 | $635K | New |
| BUSE First Busey Corp. | 0.14% | 26,000 | $562K | New |
| MNSB Mainstreet Bancshares Inc. | 0.14% | 33,199 | $555K | Reduce -60.5% |
| COLB Columbia Banking System Inc. | 0.13% | 21,000 | $524K | Reduce -43.3% |
| PEBK Peoples Bancorp of NC | 0.11% | 16,337 | $445K | Reduce -73.3% |
| FRBA First Bank/Hamilton NJ | 0.11% | 29,600 | $438K | Reduce -13.2% |
| NKSH National Bankshares Inc. | 0.10% | 14,559 | $388K | New |
| ECBK Ecb Bancorp Inc. | 0.09% | 23,043 | $349K | New |
| WSBF Waterstone Financial Inc. | 0.08% | 22,837 | $307K | Reduce -39.1% |
| BPRN Princeton Bancorp Inc. | 0.08% | 10,054 | $307K | New |
| VABK Virginia National Bankshares | 0.07% | 8,380 | $302K | New |
Portfolio Sells Q4 2024 → Q1 2025
| SHBI Shore Bancshares Inc. | Reduce -76.1% | 2.39% | −6.80 |
| BHRB Burke & Herbert Financial SE | Reduce -95.3% | 0.30% | −5.24 |
| EGBN Eagle Bancorp Inc. | Reduce -69.1% | 2.05% | −4.44 |
| CBAN Colony Bankcorp | Reduce -54.4% | 2.73% | −1.98 |
| FUNC First United Corp. | Sold out | 0.00% | −1.84 |
| FRST Primis Financial Corp. | Reduce -79.9% | 0.44% | −1.61 |
| CHMG Chemung Financial Corp. | Sold out | 0.00% | −1.51 |
| BCAL California Bancorp | Reduce -20.0% | 8.56% | −1.16 |
| CBNK Capital Bancorp Inc. | Sold out | 0.00% | −0.69 |
| BBT Beacon Financial Corp. | Reduce -73.9% | 0.26% | −0.60 |
| FCCO First Community Corp. | Reduce -41.6% | 1.07% | −0.46 |
| CZWI Citizens Community Bancorp I | Reduce -45.2% | 0.52% | −0.32 |
| PBHC Pathfinder Bancorp Inc. | Sold out | 0.00% | −0.30 |
| FBIZ First Business Financial Ser | Sold out | 0.00% | −0.27 |
| PEBK Peoples Bancorp of NC | Reduce -73.3% | 0.11% | −0.26 |
| WNEB Western New England Bancorp | Reduce -34.0% | 1.39% | −0.25 |
| FDSB Fifth District Bancorp Inc. | Sold out | 0.00% | −0.25 |
| OVBC Ohio Valley Banc Corp. | Sold out | 0.00% | −0.24 |
| MRBK Meridian Corp. | Reduce -30.4% | 2.76% | −0.22 |
| PFC Premier Financial Corp. | Sold out | 0.00% | −0.19 |
| PDLB Ponce Financial Group Inc. | Sold out | 0.00% | −0.17 |
| AUBN Auburn Natl Bancorporation | Sold out | 0.00% | −0.17 |
| MNSB Mainstreet Bancshares Inc. | Reduce -60.5% | 0.14% | −0.16 |
| KRNY Kearny Financial Corp. | Reduce -34.9% | 0.38% | −0.14 |
| SRBK Sr Bancorp Inc. | Sold out | 0.00% | −0.14 |
| CARE Carter Bankshares Inc. | Reduce -19.4% | 1.78% | −0.11 |
| OZK Bank Ozk | Sold out | 0.00% | −0.10 |
| PVBC Provident Bancorp Inc. | Sold out | 0.00% | −0.10 |
| MYFW First Western Financial Inc. | Sold out | 0.00% | −0.10 |
| LARK Landmark Bancorp Inc. | Sold out | 0.00% | −0.09 |
| FNWD Finward Bancorp | Reduce -32.0% | 0.62% | −0.07 |
| SSBK Southern States Bancshares | Sold out | 0.00% | −0.07 |
| COLB Columbia Banking System Inc. | Reduce -43.3% | 0.13% | −0.07 |
| MCHB Mechanics Bancorp Class A | Reduce -36.0% | 0.33% | −0.07 |
| FGBI First Guaranty Bancshares Inc. | Sold out | 0.00% | −0.04 |
| WSBF Waterstone Financial Inc. | Reduce -39.1% | 0.08% | −0.02 |
| BWB Bridgewater Bancshares Inc. | Reduce -25.8% | 0.54% | −0.02 |
| FRBA First Bank/Hamilton NJ | Reduce -13.2% | 0.11% | +0.01 |
| CNOB Connectone Bancorp Inc. | Reduce -21.0% | 0.27% | +0.02 |
| LNKB Linkbancorp Inc. | Reduce -0.5% | 0.21% | +0.03 |
| PROV Provident Financial Hldgs | Reduce -2.7% | 0.32% | +0.04 |
| FNWB First Northwest Bancorp | Reduce -7.0% | 2.18% | +0.33 |
| OPOF Old Point Financial Corp. | Reduce -7.2% | 2.37% | +0.62 |
| FXNC First National Corp. | Reduce -3.5% | 4.81% | +0.78 |
| FRAF Franklin Financial Services | Reduce -9.2% | 3.52% | +0.94 |
Portfolio Buys Q4 2024 → Q1 2025
| COFS Choiceone Financial SVCS Inc. | Add +184.7% | 9.67% | +6.36 |
| EFSI Eagle Financial Services Inc. | New | 2.21% | +2.21 |
| ORRF Orrstown Finl Services Inc. | Add +14.7% | 13.08% | +2.13 |
| FISI Financial Institutions Inc. | Add +71.9% | 3.39% | +1.69 |
| CWBC Community West Bancshares | Add +2.9% | 8.23% | +1.63 |
| BVFL BV Financial Inc. | Add +46.7% | 3.29% | +1.30 |
| MCB Metropolitan Bank Holding Co. | Add +344.3% | 0.97% | +0.79 |
| EBMT Eagle Bancorp Montana Inc. | Add +12.7% | 2.11% | +0.76 |
| OVLY Oak Valley Bancorp | New | 0.64% | +0.64 |
| RVSB Riverview Bancorp Inc. | Add +6.1% | 2.46% | +0.61 |
| BWFG Bankwell Financial Group Inc. | Add +57.8% | 1.25% | +0.60 |
| DCOM Dime Commercial Bancshares I | New | 0.54% | +0.54 |
| SFST Southern First Bancshares | New | 0.54% | +0.54 |
| AUB Atlantic Union Bankshares Co. | New | 0.46% | +0.46 |
| FBLA FB Bancorp Inc. | Add +38.4% | 1.13% | +0.45 |
| WSBC Wesbanco Inc. | New | 0.45% | +0.45 |
| CFBK CF Bankshares Inc. | New | 0.42% | +0.42 |
| OPBK Op Bancorp | New | 0.34% | +0.34 |
| OPHC Optimumbank Holdings Inc. | Add +1269.3% | 0.35% | +0.33 |
| OCFC Oceanfirst Financial Corp. | New | 0.32% | +0.32 |
| FFWM First Foundation Inc. | Add +124.5% | 0.54% | +0.32 |
| FVCB Fvcbankcorp Inc. | Add +103.5% | 0.54% | +0.29 |
| PNC PNC Financial Services Group | New | 0.29% | +0.29 |
| BRBS Blue Ridge Bankshares Inc. | New | 0.29% | +0.29 |
| INBK First Internet Bancorp | New | 0.27% | +0.27 |
| FSUN Firstsun Capital Bancorp | New | 0.27% | +0.27 |
| USB US Bancorp | New | 0.25% | +0.25 |
| FFIC Flushing Financial Corp. | Add +197.4% | 0.33% | +0.23 |
| MVBF MVB Financial Corp. | Add +317.6% | 0.30% | +0.23 |
| ATLO Ames National Corp. | New | 0.21% | +0.21 |
| CCNE CNB Financial Corp. | New | 0.21% | +0.21 |
| CBFV CB Financial Services Inc. | New | 0.19% | +0.19 |
| FCAP First Capital Inc. | Add +1.4% | 0.54% | +0.19 |
| PKBK Parke Bancorp Inc. | Add +116.2% | 0.27% | +0.16 |
| RRBI Red River Bancshares Inc. | New | 0.16% | +0.16 |
| MPB Mid Penn Bancorp Inc. | New | 0.16% | +0.16 |
| WBS Webster Financial Corp. | Add +94.4% | 0.27% | +0.15 |
| BOTJ Bank of the James Financial | Add +10.1% | 0.65% | +0.15 |
| BMRC Bank of Marin Bancorp | Add +37.9% | 0.39% | +0.15 |
| TFC Truist Financial Corp. | Add +100.0% | 0.24% | +0.14 |
| BUSE First Busey Corp. | New | 0.14% | +0.14 |
| NKSH National Bankshares Inc. | New | 0.10% | +0.10 |
| UBFO United Security Bancshare | Add +0.8% | 0.72% | +0.09 |
| ECBK Ecb Bancorp Inc. | New | 0.09% | +0.09 |
| BPRN Princeton Bancorp Inc. | New | 0.08% | +0.08 |
| VABK Virginia National Bankshares | New | 0.07% | +0.07 |
| VLY Valley National Bancorp | Add +4.3% | 0.25% | +0.06 |
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 |