Petiole USA ltd

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Petiole USA ltd reported 37 stock positions worth $141.4 million. Its top holding was First Citizens Bcshs Class A (FCNCA) at 6.1% of the portfolio, followed by Colony Bankcorp (CBAN, 5.4%) and Renasant (RNST, 5.0%). Compared with Q1 2025, it opened 1 new position, sold out of 2 and reduced 2. The biggest buy was a new position in Renasant (RNST) and the biggest sale an exit from First Bancshares (FBMS).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001600202
Portfolio Value
$141.4M (Q2 2025)
SEC Filing
0001172661-25-003126 ↗ filed Aug 13, 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 Q1 2025 Q2 2025: $141.4M $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 37 stocks · $141.4M
FCNCA First Citizens Bcshs Class A 6.11% 4,415 $8.6M No change
CBAN Colony Bankcorp 5.39% 462,763 $7.6M No change
RNST Renasant Corp. 5.00% 196,845 $7.1M New
CARE Carter Bankshares Inc. 4.75% 386,873 $6.7M No change
WAL Western Alliance Bancorp 4.68% 84,773 $6.6M No change
FXNC First National Corp. 4.29% 311,440 $6.1M No change
ORRF Orrstown Finl Services Inc. 3.98% 176,966 $5.6M No change
BANC Banc of California Inc. 3.95% 397,167 $5.6M No change
WBS Webster Financial Corp. 3.93% 101,875 $5.6M No change
MPB Mid Penn Bancorp Inc. 3.93% 197,111 $5.6M No change
HWC Hancock Whitney Corp. 3.50% 86,218 $4.9M No change
CCNE CNB Financial Corp. 3.06% 189,241 $4.3M No change
PNFP Pinnacle Financial Partners 2.87% 36,804 $4.1M No change
SNV Synovus Financial Corp. 2.79% 76,253 $3.9M No change
WTFC Wintrust Financial Corp. 2.61% 29,750 $3.7M No change
FRME First Merchants Corp. 2.55% 94,047 $3.6M No change
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 2.38% 176,087 $3.4M No change
HBAN Huntington Bancshares Inc. 2.37% 200,000 $3.4M No change
BCAL California Bancorp 2.18% 195,604 $3.1M No change
CFG Citizens Financial Group 2.14% 67,454 $3.0M No change
CMA Comerica Inc. 2.10% 49,855 $3.0M No change
VLY Valley National Bancorp 2.10% 332,000 $3.0M No change
ISTR Investar Holding Corp. 2.00% 146,069 $2.8M No change
ZION Zions Bancorp NA 1.84% 50,000 $2.6M No change
FNB FNB Corp. 1.81% 175,421 $2.6M No change
UMBF Umb Financial Corp. 1.79% 24,122 $2.5M No change
FRST Primis Financial Corp. 1.77% 230,222 $2.5M No change
FRBA First Bank/Hamilton NJ 1.69% 154,660 $2.4M No change
SSB Southstate Bank Corp. 1.67% 25,715 $2.4M No change
BANR Banner Corporation 1.67% 36,765 $2.4M No change
EQBK Equity Bancshares Inc. Class A 1.66% 57,364 $2.3M No change
SHBI Shore Bancshares Inc. 1.64% 147,487 $2.3M No change
COLB Columbia Banking System Inc. 1.48% 89,780 $2.1M No change
FNWB First Northwest Bancorp 1.43% 262,697 $2.0M No change
HAFC Hanmi Financial Corporation 1.25% 71,651 $1.8M No change
EBMT Eagle Bancorp Montana Inc. 1.21% 102,811 $1.7M Reduce -45.5%
HTB Hometrust Bancshares Inc. 0.42% 15,741 $589K Reduce -66.7%

Portfolio Sells Q1 2025 → Q2 2025
FBMS First Bancshares Inc. Sold out 0.00% −4.70
CBFV CB Financial Services Inc. Sold out 0.00% −1.40
EBMT Eagle Bancorp Montana Inc. Reduce -45.5% 1.21% −1.02
HTB Hometrust Bancshares Inc. Reduce -66.7% 0.42% −0.73

Portfolio Buys Q1 2025 → Q2 2025
RNST Renasant Corp. New 5.00% +5.00

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