Petiole USA ltd

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Petiole USA ltd reported 38 stock positions worth $127.8 million. Its top holding was First Citizens Bcshs Class A (FCNCA) at 7.6% of the portfolio, followed by Mechanics Bancorp Class A (MCHB, 4.8%) and Banc of California (BANC, 4.7%). Compared with Q4 2023, it opened 1 new position, sold out of 2, added to 1 and reduced 3. The biggest buy was a new position in Mechanics Bancorp Class A (MCHB) and the biggest sale an exit from New York Community Bancorp (FLG).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001600202
Portfolio Value
$127.8M (Q1 2024)
SEC Filing
0001172661-24-002262 ↗ filed May 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $127.8M $127.8M Q1 2024 Q2 2024: $119.2M Q2 2024 Q3 2024: $152.9M Q3 2024 Q4 2024: $158.9M Q4 2024 Q1 2025: $141.5M Q1 2025 Q2 2025: $141.4M Q2 2025 Q3 2025: $144.8M Q3 2025 Q4 2025: $154.3M Q4 2025 Q1 2026: $143.0M Q1 2026 Q2 2026: $139.1M Q2 2026

Holdings 38 stocks · $127.8M

FCNCA First Citizens Bcshs Class A 7.61% 5,950 $9.7M No change
MCHB Mechanics Bancorp Class A filed as HOMESTREET INC 4.85% 411,803 $6.2M New
BANC Banc of California Inc. 4.73% 397,168 $6.0M No change
HWC Hancock Whitney Corp. 4.37% 121,218 $5.6M No change
CBAN Colony Bankcorp 4.27% 474,063 $5.5M No change
FBMS First Bancshares Inc. 4.10% 202,145 $5.2M No change
FXNC First National Corp. 3.96% 311,440 $5.1M No change
CARE Carter Bankshares Inc. 3.92% 396,873 $5.0M No change
CVLY Codorus Valley Bancorp Inc. 3.70% 207,962 $4.7M No change
CBFV CB Financial Services Inc. filed as CB FINL SVCS INC 3.64% 215,198 $4.7M No change
FNWB First Northwest Bancorp 3.22% 262,697 $4.1M No change
PNFP Pinnacle Financial Partners 3.09% 46,004 $4.0M No change
MPB Mid Penn Bancorp Inc. 3.09% 197,111 $3.9M No change
CCNE CNB Financial Corp. 3.02% 189,241 $3.9M Add +12.5%
SNV Synovus Financial Corp. 2.99% 95,318 $3.8M No change
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 2.86% 265,710 $3.7M No change
WBS Webster Financial Corp. 2.74% 68,875 $3.5M No change
FRME First Merchants Corp. 2.57% 94,047 $3.3M No change
WTFC Wintrust Financial Corp. 2.43% 29,750 $3.1M No change
BANR Banner Corporation 2.34% 62,382 $3.0M No change
EBMT Eagle Bancorp Montana Inc. 2.33% 231,480 $3.0M No change
ISTR Investar Holding Corp. 2.20% 172,043 $2.8M No change
WAL Western Alliance Bancorp 2.12% 42,273 $2.7M Reduce -37.2%
CMA Comerica Inc. 1.88% 43,725 $2.4M Reduce -25.5%
SSB Southstate Bank Corp. 1.71% 25,715 $2.2M No change
FRBA First Bank/Hamilton NJ 1.66% 154,660 $2.1M No change
HTB Hometrust Bancshares Inc. 1.66% 77,495 $2.1M No change
EQBK Equity Bancshares Inc. Class A 1.54% 57,364 $2.0M No change
FBNC First Bancorp 1.54% 54,400 $2.0M No change
COLB Columbia Banking System Inc. 1.36% 89,780 $1.7M No change
SHBI Shore Bancshares Inc. 1.33% 147,487 $1.7M No change
FNB FNB Corp. 1.31% 118,421 $1.7M No change
CALB California Bancorp Inc. 1.20% 69,563 $1.5M No change
CFG Citizens Financial Group 1.18% 41,454 $1.5M Reduce -34.7%
FRST Primis Financial Corp. 1.04% 108,801 $1.3M No change
BCAL California Bancorp filed as SOUTHERN CALIF BANCORP 0.99% 85,000 $1.3M No change
HAFC Hanmi Financial Corporation 0.89% 71,651 $1.1M No change
BRBS Blue Ridge Bankshares Inc. 0.58% 274,775 $739K No change

Portfolio Sells Q4 2023 → Q1 2024

FLG New York Community Bancorp Sold out 0.00% −1.52
WAL Western Alliance Bancorp Reduce -37.2% 2.12% −1.15
MRBK Meridian Corp. Sold out 0.00% −0.83
CMA Comerica Inc. Reduce -25.5% 1.88% −0.54
CFG Citizens Financial Group Reduce -34.7% 1.18% −0.38

Portfolio Buys Q4 2023 → Q1 2024

MCHB Mechanics Bancorp Class A New 4.85% +4.85
CCNE CNB Financial Corp. Add +12.5% 3.02% +0.21

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 31$139.1MCBK, FXNC, CBAN, RNST, BANC
Q1 2026 32$143.0MCBAN, CARE, FXNC, CBK, WBS
Q4 2025Amended 33$154.3MFCNCA, CBAN, FXNC, CBK, BANC
Q3 2025 36$144.8MFCNCA, CBAN, CARE, RNST, FXNC
Q2 2025 37$141.4MFCNCA, CBAN, RNST, CARE, WAL
Q1 2025 38$141.5MFCNCA, CBAN, FXNC, FBMS, WAL
Q4 2024 39$158.9MFCNCA, CBAN, FXNC, WAL, FBMS
Q3 2024 39$152.9MFCNCA, MCHB, CBAN, CARE, ORRF
Q2 2024 38$119.2MFCNCA, CARE, CBAN, MCHB, FBMS
Q1 2024 38$127.8MFCNCA, MCHB, BANC, HWC, CBAN