Fourthstone LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Fourthstone LLC reported 62 stock positions worth $590.0 million. Its top holding was Colony Bankcorp (CBAN) at 7.0% of the portfolio, followed by Carter Bankshares (CARE, 5.9%) and Community West Bancshares (CWBC, 5.4%). Compared with Q4 2025, it opened 17 new positions, sold out of 9, added to 31 and reduced 14. The biggest buy was a new position in Metropolitan Bank (MCB) and the biggest sale an exit from Orrstown Finl Services (ORRF).
- Most Recent 13F
- Q2 2026
- Location
- ST LOUIS, MO
- CIK
- 0001767803
- Portfolio Value
- $590.0M (Q1 2026)
- SEC Filing
- 0001420506-26-001159 ↗ filed May 15, 2026
Holdings Value
Holdings 62 stocks · $590.0M
| CBAN Colony Bankcorp | 6.99% | 2,064,886 | $41.2M | Add +20.7% |
| CARE Carter Bankshares Inc. | 5.94% | 1,502,119 | $35.0M | Add +21.5% |
| CWBC Community West Bancshares | 5.38% | 1,362,205 | $31.7M | Add +3.9% |
| AVBH Avidbank Holdings Inc. | 5.06% | 1,046,582 | $29.8M | Reduce -4.1% |
| COSO Coastal South Bancshares Inc. | 4.59% | 1,100,504 | $27.1M | Add +14.7% |
| ISTR Investar Holding Corp. | 3.82% | 827,389 | $22.6M | Add +18.9% |
| MRBK Meridian Corp. | 3.78% | 1,175,301 | $22.3M | Add +4.8% |
| FXNC First National Corp. | 3.53% | 774,119 | $20.8M | Reduce -12.9% |
| PKBK Parke Bancorp Inc. | 3.37% | 700,349 | $19.9M | Add +12.8% |
| FVCB Fvcbankcorp Inc. | 3.28% | 1,275,574 | $19.4M | Add +17.1% |
| ATLO Ames National Corp. | 3.27% | 683,250 | $19.3M | Add +55.8% |
| EFSI Eagle Financial Services Inc. | 3.16% | 532,199 | $18.6M | Add +17.3% |
| CFBK CF Bankshares Inc. | 3.02% | 639,378 | $17.8M | Add +0.8% |
| FCCO First Community Corp. | 2.95% | 595,521 | $17.4M | Add +10.9% |
| BHRB Burke & Herbert Financial SE | 2.60% | 246,421 | $15.3M | Add +239.1% |
| LNKB Linkbancorp Inc. | 2.52% | 1,781,185 | $14.9M | Add +67.0% |
| OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF | 2.26% | 411,189 | $13.3M | Add +34.6% |
| MPB Mid Penn Bancorp Inc. | 2.00% | 367,386 | $11.8M | Add +26.1% |
| EBMT Eagle Bancorp Montana Inc. | 1.93% | 551,952 | $11.4M | Add +61.0% |
| HNVR Hanover Bancorp Inc. | 1.91% | 521,651 | $11.3M | Add +1.0% |
| NKSH National Bankshares Inc. | 1.78% | 288,567 | $10.5M | Add +27.6% |
| MCB Metropolitan Bank Holding Co. | 1.77% | 125,601 | $10.5M | New |
| FRST Primis Financial Corp. | 1.65% | 731,358 | $9.7M | Reduce -21.6% |
| OVBC Ohio Valley Banc Corp. filed as OHIO VY BANC CORP | 1.63% | 219,663 | $9.6M | Add +10.5% |
| TSBK Timberland Bancorp Inc. | 1.54% | 230,328 | $9.1M | Add +110.0% |
| MNSB Mainstreet Bancshares Inc. | 1.45% | 384,802 | $8.5M | Reduce -49.9% |
| FNWB First Northwest Bancorp | 1.36% | 924,268 | $8.0M | Reduce -1.6% |
| BOTJ Bank of the James Financial | 1.35% | 385,498 | $7.9M | Add +19.8% |
| SHBI Shore Bancshares Inc. | 1.33% | 421,457 | $7.9M | Reduce -54.1% |
| PEBK Peoples Bancorp of NC | 1.29% | 194,918 | $7.6M | Add +26.1% |
| PLBC Plumas Bancorp | 1.23% | 148,183 | $7.2M | Add +44.5% |
| TFC Truist Financial Corp. | 1.19% | 153,100 | $7.0M | New |
| UBFO United Security Bancshare | 1.18% | 664,342 | $7.0M | Add +4.1% |
| TOWN Towne Bank | 1.15% | 200,884 | $6.8M | New |
| BFST Business First Bancshares | 1.06% | 231,075 | $6.2M | Add +74.8% |
| PROV Provident Financial Hldgs | 1.00% | 365,632 | $5.9M | Add +3.8% |
| EGBN Eagle Bancorp Inc. | 0.90% | 212,341 | $5.3M | New |
| WSBF Waterstone Financial Inc. | 0.89% | 291,191 | $5.3M | Add +45.8% |
| CCNE CNB Financial Corp. | 0.80% | 163,521 | $4.7M | Reduce -41.5% |
| PB Prosperity Bancshares Inc. | 0.79% | 69,500 | $4.7M | New |
| PNFP Pinnacle Financial Partners | 0.37% | 25,600 | $2.2M | New |
| JMSB John Marshall Bancorp Inc. | 0.37% | 108,178 | $2.2M | Reduce -3.3% |
| WNEB Western New England Bancorp | 0.28% | 129,357 | $1.7M | Reduce -59.6% |
| BPRN Princeton Bancorp Inc. | 0.24% | 42,485 | $1.4M | Add +12.4% |
| UMBF Umb Financial Corp. | 0.20% | 10,500 | $1.2M | New |
| SSB Southstate Bank Corp. | 0.20% | 12,600 | $1.2M | New |
| HBAN Huntington Bancshares Inc. | 0.19% | 70,100 | $1.1M | New |
| BMRC Bank of Marin Bancorp | 0.18% | 41,834 | $1.1M | Add +359.7% |
| ONB Old National Bancorp | 0.18% | 47,000 | $1.0M | New |
| WSBC Wesbanco Inc. | 0.18% | 30,100 | $1.0M | New |
| ASB Associated Banc-Corp. | 0.18% | 40,000 | $1.0M | New |
| OBT Orange County Bancorp Inc. | 0.15% | 27,384 | $876K | Reduce -85.8% |
| CIVB Civista Bancshares Inc. | 0.10% | 25,100 | $572K | New |
| HFWA Heritage Financial Corp. | 0.09% | 19,970 | $519K | Reduce -20.4% |
| COFS Choiceone Financial SVCS Inc. | 0.07% | 13,682 | $385K | New |
| TCBS Texas Community Bancshares | 0.06% | 20,894 | $366K | Reduce -16.0% |
| CBFV CB Financial Services Inc. filed as CB FINL SVCS INC | 0.06% | 10,245 | $350K | Add +2.4% |
| VABK Virginia National Bankshares | 0.05% | 8,437 | $322K | New |
| LARK Landmark Bancorp Inc. | 0.05% | 12,578 | $312K | New |
| SFST Southern First Bancshares | 0.04% | 4,561 | $249K | Reduce -96.3% |
| BWB Bridgewater Bancshares Inc. | 0.04% | 13,335 | $236K | New |
| BCAL California Bancorp | 0.03% | 10,245 | $182K | Reduce -96.3% |
Portfolio Sells Q4 2025 → Q1 2026
| ORRF Orrstown Finl Services Inc. | Sold out | 0.00% | −5.96 |
| SHBI Shore Bancshares Inc. | Reduce -54.1% | 1.33% | −1.70 |
| FRAF Franklin Financial Services | Sold out | 0.00% | −1.65 |
| FISI Financial Institutions Inc. | Sold out | 0.00% | −1.48 |
| MNSB Mainstreet Bancshares Inc. | Reduce -49.9% | 1.45% | −1.48 |
| SFST Southern First Bancshares | Reduce -96.3% | 0.04% | −1.15 |
| BCAL California Bancorp | Reduce -96.3% | 0.03% | −0.93 |
| OBT Orange County Bancorp Inc. | Reduce -85.8% | 0.15% | −0.88 |
| FRST Primis Financial Corp. | Reduce -21.6% | 1.65% | −0.78 |
| FXNC First National Corp. | Reduce -12.9% | 3.53% | −0.67 |
| CCNE CNB Financial Corp. | Reduce -41.5% | 0.80% | −0.57 |
| CZWI Citizens Community Bancorp I | Sold out | 0.00% | −0.56 |
| WNEB Western New England Bancorp | Reduce -59.6% | 0.28% | −0.47 |
| AVBH Avidbank Holdings Inc. | Reduce -4.1% | 5.06% | −0.37 |
| FNWB First Northwest Bancorp | Reduce -1.6% | 1.36% | −0.29 |
| FUNC First United Corp. | Sold out | 0.00% | −0.26 |
| NFBK Northfield Bancorp Inc. | Sold out | 0.00% | −0.22 |
| NWFL Norwood Financial Corp. | Sold out | 0.00% | −0.10 |
| RVSB Riverview Bancorp Inc. | Sold out | 0.00% | −0.09 |
| BSRR Sierra Bancorp | Sold out | 0.00% | −0.07 |
| JMSB John Marshall Bancorp Inc. | Reduce -3.3% | 0.37% | −0.05 |
| HFWA Heritage Financial Corp. | Reduce -20.4% | 0.09% | −0.02 |
| TCBS Texas Community Bancshares | Reduce -16.0% | 0.06% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| MCB Metropolitan Bank Holding Co. | New | 1.77% | +1.77 |
| BHRB Burke & Herbert Financial SE | Add +239.1% | 2.60% | +1.75 |
| CARE Carter Bankshares Inc. | Add +21.5% | 5.94% | +1.39 |
| ATLO Ames National Corp. | Add +55.8% | 3.27% | +1.38 |
| CBAN Colony Bankcorp | Add +20.7% | 6.99% | +1.28 |
| TFC Truist Financial Corp. | New | 1.19% | +1.19 |
| TOWN Towne Bank | New | 1.15% | +1.15 |
| EGBN Eagle Bancorp Inc. | New | 0.90% | +0.90 |
| LNKB Linkbancorp Inc. | Add +67.0% | 2.52% | +0.87 |
| TSBK Timberland Bancorp Inc. | Add +110.0% | 1.54% | +0.80 |
| PB Prosperity Bancshares Inc. | New | 0.79% | +0.79 |
| EBMT Eagle Bancorp Montana Inc. | Add +61.0% | 1.93% | +0.65 |
| OVLY Oak Valley Bancorp | Add +34.6% | 2.26% | +0.54 |
| PKBK Parke Bancorp Inc. | Add +12.8% | 3.37% | +0.46 |
| FVCB Fvcbankcorp Inc. | Add +17.1% | 3.28% | +0.45 |
| BFST Business First Bancshares | Add +74.8% | 1.06% | +0.41 |
| COSO Coastal South Bancshares Inc. | Add +14.7% | 4.59% | +0.41 |
| PNFP Pinnacle Financial Partners | New | 0.37% | +0.37 |
| PLBC Plumas Bancorp | Add +44.5% | 1.23% | +0.37 |
| NKSH National Bankshares Inc. | Add +27.6% | 1.78% | +0.36 |
| ISTR Investar Holding Corp. | Add +18.9% | 3.82% | +0.34 |
| MPB Mid Penn Bancorp Inc. | Add +26.1% | 2.00% | +0.31 |
| WSBF Waterstone Financial Inc. | Add +45.8% | 0.89% | +0.27 |
| PEBK Peoples Bancorp of NC | Add +26.1% | 1.29% | +0.25 |
| BOTJ Bank of the James Financial | Add +19.8% | 1.35% | +0.23 |
| UMBF Umb Financial Corp. | New | 0.20% | +0.20 |
| SSB Southstate Bank Corp. | New | 0.20% | +0.20 |
| HBAN Huntington Bancshares Inc. | New | 0.19% | +0.19 |
| ONB Old National Bancorp | New | 0.18% | +0.18 |
| WSBC Wesbanco Inc. | New | 0.18% | +0.18 |
| ASB Associated Banc-Corp. | New | 0.18% | +0.18 |
| OVBC Ohio Valley Banc Corp. | Add +10.5% | 1.63% | +0.15 |
| BMRC Bank of Marin Bancorp | Add +359.7% | 0.18% | +0.14 |
| CIVB Civista Bancshares Inc. | New | 0.10% | +0.10 |
| MRBK Meridian Corp. | Add +4.8% | 3.78% | +0.09 |
| COFS Choiceone Financial SVCS Inc. | New | 0.07% | +0.07 |
| CFBK CF Bankshares Inc. | Add +0.8% | 3.02% | +0.06 |
| VABK Virginia National Bankshares | New | 0.05% | +0.05 |
| LARK Landmark Bancorp Inc. | New | 0.05% | +0.05 |
| BWB Bridgewater Bancshares Inc. | New | 0.04% | +0.04 |
| BPRN Princeton Bancorp Inc. | Add +12.4% | 0.24% | −0.00 |
| CBFV CB Financial Services Inc. | Add +2.4% | 0.06% | −0.01 |
| UBFO United Security Bancshare | Add +4.1% | 1.18% | −0.02 |
| FCCO First Community Corp. | Add +10.9% | 2.95% | −0.03 |
| PROV Provident Financial Hldgs | Add +3.8% | 1.00% | −0.05 |
| CWBC Community West Bancshares | Add +3.9% | 5.38% | −0.14 |
| EFSI Eagle Financial Services Inc. | Add +17.3% | 3.16% | −0.23 |
| HNVR Hanover Bancorp Inc. | Add +1.0% | 1.91% | −0.33 |
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 |