Petiole USA ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Petiole USA ltd reported 39 stock positions worth $152.9 million. Its top holding was First Citizens Bcshs Class A (FCNCA) at 6.4% of the portfolio, followed by Mechanics Bancorp Class A (MCHB, 4.9%) and Colony Bankcorp (CBAN, 4.8%). Compared with Q2 2024, it opened 3 new positions, sold out of 2, added to 4 and reduced 2. The biggest buy was a new position in Orrstown Finl Services (ORRF) and the biggest sale an exit from Codorus Valley Bancorp (CVLY).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001600202
Portfolio Value
$152.9M (Q3 2024)
SEC Filing
0001172661-24-004605 ↗ filed Nov 13, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $127.8M Q1 2024 Q2 2024: $119.2M Q2 2024 Q3 2024: $152.9M $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 39 stocks · $152.9M

FCNCA First Citizens Bcshs Class A 6.40% 5,315 $9.8M No change
MCHB Mechanics Bancorp Class A filed as HOMESTREET INC 4.93% 477,961 $7.5M No change
CBAN Colony Bankcorp 4.81% 474,063 $7.4M No change
CARE Carter Bankshares Inc. 4.51% 396,873 $6.9M No change
ORRF Orrstown Finl Services Inc. 4.28% 181,966 $6.5M New
FBMS First Bancshares Inc. 4.25% 202,145 $6.5M No change
CBFV CB Financial Services Inc. filed as CB FINL SVCS INC 3.94% 215,198 $6.0M No change
MPB Mid Penn Bancorp Inc. 3.85% 197,111 $5.9M No change
BANC Banc of California Inc. 3.83% 397,167 $5.9M Reduce 0.0%
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 3.57% 265,710 $5.5M No change
FXNC First National Corp. 3.57% 311,440 $5.5M No change
CCNE CNB Financial Corp. 2.98% 189,241 $4.6M No change
HWC Hancock Whitney Corp. 2.89% 86,218 $4.4M No change
WAL Western Alliance Bancorp 2.39% 42,273 $3.7M No change
EBMT Eagle Bancorp Montana Inc. 2.39% 231,480 $3.7M No change
PNFP Pinnacle Financial Partners 2.36% 36,804 $3.6M No change
FRME First Merchants Corp. 2.29% 94,047 $3.5M No change
CMA Comerica Inc. 2.27% 57,855 $3.5M Add +164.7%
HBAN Huntington Bancshares Inc. 2.26% 235,000 $3.5M New
SNV Synovus Financial Corp. 2.22% 76,253 $3.4M No change
ISTR Investar Holding Corp. 2.18% 172,043 $3.3M No change
KRE SS SPDR S&P Regional Bank 2.17% 58,500 $3.3M New
WTFC Wintrust Financial Corp. 2.11% 29,750 $3.2M No change
WBS Webster Financial Corp. 2.10% 68,875 $3.2M No change
BCAL California Bancorp 1.89% 195,604 $2.9M Add +130.1%
FNWB First Northwest Bancorp 1.84% 262,697 $2.8M No change
CFG Citizens Financial Group 1.81% 67,454 $2.8M Add +62.7%
HTB Hometrust Bancshares Inc. 1.73% 77,495 $2.6M No change
BANR Banner Corporation 1.67% 42,882 $2.6M Reduce -31.3%
SSB Southstate Bank Corp. 1.63% 25,715 $2.5M No change
FNB FNB Corp. 1.62% 175,421 $2.5M Add +48.1%
FRBA First Bank/Hamilton NJ 1.54% 154,660 $2.4M No change
EQBK Equity Bancshares Inc. Class A 1.53% 57,364 $2.3M No change
COLB Columbia Banking System Inc. 1.53% 89,780 $2.3M No change
SHBI Shore Bancshares Inc. 1.35% 147,487 $2.1M No change
FBNC First Bancorp 1.07% 39,400 $1.6M No change
HAFC Hanmi Financial Corporation 0.87% 71,651 $1.3M No change
FRST Primis Financial Corp. 0.87% 108,801 $1.3M No change
BRBS Blue Ridge Bankshares Inc. 0.50% 274,775 $769K No change

Portfolio Sells Q2 2024 → Q3 2024

CVLY Codorus Valley Bancorp Inc. Sold out 0.00% −4.19
CALB California Bancorp Inc. Sold out 0.00% −1.25
BANR Banner Corporation Reduce -31.3% 1.67% −0.93
BANC Banc of California Inc. Reduce 0.0% 3.83% −0.43

Portfolio Buys Q2 2024 → Q3 2024

ORRF Orrstown Finl Services Inc. New 4.28% +4.28
HBAN Huntington Bancshares Inc. New 2.26% +2.26
KRE SS SPDR S&P Regional Bank New 2.17% +2.17
CMA Comerica Inc. Add +164.7% 2.27% +1.33
BCAL California Bancorp Add +130.1% 1.89% +0.93
CFG Citizens Financial Group Add +62.7% 1.81% +0.56
FNB FNB Corp. Add +48.1% 1.62% +0.26

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