Petiole USA ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Petiole USA ltd reported 38 stock positions worth $119.2 million. Its top holding was First Citizens Bcshs Class A (FCNCA) at 7.5% of the portfolio, followed by Carter Bankshares (CARE, 5.0%) and Colony Bankcorp (CBAN, 4.9%). Compared with Q1 2024, it added to 1 and reduced 6. The biggest buy was Mechanics Bancorp Class A (MCHB, shares +16%) and the biggest sale Comerica (CMA, shares −50%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001600202
Portfolio Value
$119.2M (Q2 2024)
SEC Filing
0001172661-24-003308 ↗ filed Aug 13, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $127.8M Q1 2024 Q2 2024: $119.2M $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 · $119.2M

FCNCA First Citizens Bcshs Class A 7.51% 5,315 $8.9M Reduce -10.7%
CARE Carter Bankshares Inc. 5.03% 396,873 $6.0M No change
CBAN Colony Bankcorp 4.87% 474,063 $5.8M No change
MCHB Mechanics Bancorp Class A filed as HOMESTREET INC 4.57% 477,961 $5.4M Add +16.1%
FBMS First Bancshares Inc. 4.41% 202,145 $5.3M No change
BANC Banc of California Inc. 4.26% 397,168 $5.1M No change
CVLY Codorus Valley Bancorp Inc. 4.19% 207,962 $5.0M No change
CBFV CB Financial Services Inc. filed as CB FINL SVCS INC 4.09% 215,198 $4.9M No change
FXNC First National Corp. 3.97% 311,440 $4.7M No change
MPB Mid Penn Bancorp Inc. 3.63% 197,111 $4.3M No change
HWC Hancock Whitney Corp. 3.46% 86,218 $4.1M Reduce -28.9%
CCNE CNB Financial Corp. 3.24% 189,241 $3.9M No change
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 3.12% 265,710 $3.7M No change
FRME First Merchants Corp. 2.63% 94,047 $3.1M No change
BANR Banner Corporation 2.60% 62,382 $3.1M No change
EBMT Eagle Bancorp Montana Inc. 2.58% 231,480 $3.1M No change
SNV Synovus Financial Corp. 2.57% 76,253 $3.1M Reduce -20.0%
WBS Webster Financial Corp. 2.52% 68,875 $3.0M No change
PNFP Pinnacle Financial Partners 2.47% 36,804 $2.9M Reduce -20.0%
WTFC Wintrust Financial Corp. 2.46% 29,750 $2.9M No change
WAL Western Alliance Bancorp 2.23% 42,273 $2.7M No change
ISTR Investar Holding Corp. 2.22% 172,043 $2.6M No change
FNWB First Northwest Bancorp 2.14% 262,697 $2.5M No change
HTB Hometrust Bancshares Inc. 1.95% 77,495 $2.3M No change
EQBK Equity Bancshares Inc. Class A 1.69% 57,364 $2.0M No change
FRBA First Bank/Hamilton NJ 1.65% 154,660 $2.0M No change
SSB Southstate Bank Corp. 1.65% 25,715 $2.0M No change
COLB Columbia Banking System Inc. 1.50% 89,780 $1.8M No change
SHBI Shore Bancshares Inc. 1.42% 147,487 $1.7M No change
FNB FNB Corp. 1.36% 118,421 $1.6M No change
CALB California Bancorp Inc. 1.25% 69,563 $1.5M No change
CFG Citizens Financial Group 1.25% 41,454 $1.5M No change
FBNC First Bancorp 1.05% 39,400 $1.3M Reduce -27.6%
HAFC Hanmi Financial Corporation 1.00% 71,651 $1.2M No change
BCAL California Bancorp filed as SOUTHERN CALIF BANCORP 0.96% 85,000 $1.1M No change
FRST Primis Financial Corp. 0.96% 108,801 $1.1M No change
CMA Comerica Inc. 0.94% 21,855 $1.1M Reduce -50.0%
BRBS Blue Ridge Bankshares Inc. 0.60% 274,775 $717K No change

Portfolio Sells Q1 2024 → Q2 2024

CMA Comerica Inc. Reduce -50.0% 0.94% −0.95
HWC Hancock Whitney Corp. Reduce -28.9% 3.46% −0.91
PNFP Pinnacle Financial Partners Reduce -20.0% 2.47% −0.62
FBNC First Bancorp Reduce -27.6% 1.05% −0.48
SNV Synovus Financial Corp. Reduce -20.0% 2.57% −0.42
FCNCA First Citizens Bcshs Class A Reduce -10.7% 7.51% −0.10

Portfolio Buys Q1 2024 → Q2 2024

MCHB Mechanics Bancorp Class A Add +16.1% 4.57% −0.28

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