Petiole USA ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Petiole USA ltd reported 38 stock positions worth $141.5 million. Its top holding was First Citizens Bcshs Class A (FCNCA) at 5.8% of the portfolio, followed by Colony Bankcorp (CBAN, 5.3%) and First National (FXNC, 4.9%). Compared with Q4 2024, it opened 1 new position, sold out of 2 and reduced 5. The biggest buy was a new position in Umb Financial (UMBF) and the biggest sale CB Financial Services (CBFV, shares −68%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001600202
Portfolio Value
$141.5M (Q1 2025)
SEC Filing
0001172661-25-001795 ↗ filed May 14, 2025

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 Q3 2024 Q4 2024: $158.9M Q4 2024 Q1 2025: $141.5M $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 · $141.5M

FCNCA First Citizens Bcshs Class A 5.78% 4,415 $8.2M No change
CBAN Colony Bankcorp 5.28% 462,763 $7.5M No change
FXNC First National Corp. 4.94% 311,440 $7.0M No change
FBMS First Bancshares Inc. 4.70% 196,845 $6.7M No change
WAL Western Alliance Bancorp 4.60% 84,773 $6.5M No change
CARE Carter Bankshares Inc. 4.42% 386,873 $6.3M No change
BANC Banc of California Inc. 3.98% 397,167 $5.6M No change
ORRF Orrstown Finl Services Inc. 3.75% 176,966 $5.3M No change
WBS Webster Financial Corp. 3.71% 101,875 $5.3M No change
MPB Mid Penn Bancorp Inc. 3.61% 197,111 $5.1M No change
HWC Hancock Whitney Corp. 3.19% 86,218 $4.5M No change
CCNE CNB Financial Corp. 2.97% 189,241 $4.2M No change
PNFP Pinnacle Financial Partners 2.76% 36,804 $3.9M No change
FRME First Merchants Corp. 2.69% 94,047 $3.8M No change
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 2.59% 176,087 $3.7M Reduce -5.4%
SNV Synovus Financial Corp. 2.52% 76,253 $3.6M No change
WTFC Wintrust Financial Corp. 2.36% 29,750 $3.3M No change
EBMT Eagle Bancorp Montana Inc. 2.23% 188,611 $3.2M Reduce -18.5%
HBAN Huntington Bancshares Inc. 2.12% 200,000 $3.0M No change
VLY Valley National Bancorp 2.09% 332,000 $3.0M No change
CMA Comerica Inc. 2.08% 49,855 $2.9M Reduce -13.8%
BCAL California Bancorp 1.98% 195,604 $2.8M No change
CFG Citizens Financial Group 1.95% 67,454 $2.8M No change
FNWB First Northwest Bancorp 1.89% 262,697 $2.7M No change
ISTR Investar Holding Corp. 1.82% 146,069 $2.6M No change
ZION Zions Bancorp NA 1.76% 50,000 $2.5M No change
UMBF Umb Financial Corp. 1.72% 24,122 $2.4M New
SSB Southstate Bank Corp. 1.69% 25,715 $2.4M No change
FNB FNB Corp. 1.67% 175,421 $2.4M No change
BANR Banner Corporation 1.66% 36,765 $2.3M No change
FRBA First Bank/Hamilton NJ 1.62% 154,660 $2.3M No change
EQBK Equity Bancshares Inc. Class A 1.60% 57,364 $2.3M No change
FRST Primis Financial Corp. 1.59% 230,222 $2.2M No change
COLB Columbia Banking System Inc. 1.58% 89,780 $2.2M No change
SHBI Shore Bancshares Inc. 1.41% 147,487 $2.0M No change
CBFV CB Financial Services Inc. filed as CB FINL SVCS INC 1.40% 69,484 $2.0M Reduce -67.7%
HAFC Hanmi Financial Corporation 1.15% 71,651 $1.6M No change
HTB Hometrust Bancshares Inc. 1.15% 47,295 $1.6M Reduce -39.0%

Portfolio Sells Q4 2024 → Q1 2025

CBFV CB Financial Services Inc. Reduce -67.7% 1.40% −2.47
HTLF Heartland Financial USA Inc. Sold out 0.00% −1.69
HTB Hometrust Bancshares Inc. Reduce -39.0% 1.15% −0.50
BRBS Blue Ridge Bankshares Inc. Sold out 0.00% −0.22
CMA Comerica Inc. Reduce -13.8% 2.08% −0.17
EBMT Eagle Bancorp Montana Inc. Reduce -18.5% 2.23% 0.00
SBFG SB Financial Group Inc. Reduce -5.4% 2.59% +0.14

Portfolio Buys Q4 2024 → Q1 2025

UMBF Umb Financial Corp. New 1.72% +1.72

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