Petiole USA ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Petiole USA ltd reported 36 stock positions worth $144.8 million. Its top holding was First Citizens Bcshs Class A (FCNCA) at 5.5% of the portfolio, followed by Colony Bankcorp (CBAN, 5.4%) and Carter Bankshares (CARE, 5.2%). Compared with Q2 2025, it sold out of 1, added to 1 and reduced 12. The biggest buy was Banc of California (BANC, shares −0%) and the biggest sale Pinnacle Financial Partners (PNFP, shares −8%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001600202
Portfolio Value
$144.8M (Q3 2025)
SEC Filing
0001172661-25-004743 ↗ filed Nov 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 Q2 2025 Q3 2025: $144.8M $144.8M Q3 2025 Q4 2025: $154.3M Q4 2025 Q1 2026: $143.0M Q1 2026 Q2 2026: $139.1M Q2 2026

Holdings 36 stocks · $144.8M

FCNCA First Citizens Bcshs Class A 5.46% 4,415 $7.9M No change
CBAN Colony Bankcorp 5.44% 462,763 $7.9M No change
CARE Carter Bankshares Inc. 5.19% 386,873 $7.5M No change
RNST Renasant Corp. 5.02% 196,845 $7.3M No change
FXNC First National Corp. 4.88% 311,440 $7.1M No change
WAL Western Alliance Bancorp 4.86% 81,103 $7.0M Reduce -4.3%
BANC Banc of California Inc. 4.54% 397,168 $6.6M Add +0.0%
WBS Webster Financial Corp. 4.18% 101,875 $6.1M No change
ORRF Orrstown Finl Services Inc. 4.15% 176,966 $6.0M No change
MPB Mid Penn Bancorp Inc. 3.90% 197,111 $5.6M No change
HWC Hancock Whitney Corp. 3.73% 86,218 $5.4M No change
CCNE CNB Financial Corp. 3.16% 189,241 $4.6M No change
WTFC Wintrust Financial Corp. 2.72% 29,750 $3.9M No change
FRME First Merchants Corp. 2.45% 94,047 $3.5M No change
VLY Valley National Bancorp 2.43% 332,000 $3.5M No change
SNV Synovus Financial Corp. 2.38% 70,063 $3.4M Reduce -8.1%
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 2.35% 176,087 $3.4M No change
CFG Citizens Financial Group 2.27% 61,754 $3.3M Reduce -8.4%
BCAL California Bancorp 2.25% 195,604 $3.3M No change
PNFP Pinnacle Financial Partners 2.19% 33,814 $3.2M Reduce -8.1%
HBAN Huntington Bancshares Inc. 2.16% 180,840 $3.1M Reduce -9.6%
CMA Comerica Inc. 2.13% 45,075 $3.1M Reduce -9.6%
UMBF Umb Financial Corp. 1.97% 24,122 $2.9M No change
ZION Zions Bancorp NA 1.95% 50,000 $2.8M No change
ISTR Investar Holding Corp. 1.90% 118,469 $2.7M Reduce -18.9%
FNB FNB Corp. 1.79% 161,151 $2.6M Reduce -8.1%
FRBA First Bank/Hamilton NJ 1.74% 154,660 $2.5M No change
SHBI Shore Bancshares Inc. 1.67% 147,487 $2.4M No change
FRST Primis Financial Corp. 1.67% 230,222 $2.4M No change
SSB Southstate Bank Corp. 1.61% 23,625 $2.3M Reduce -8.1%
EQBK Equity Bancshares Inc. Class A 1.61% 57,364 $2.3M No change
BANR Banner Corporation 1.51% 33,285 $2.2M Reduce -9.5%
COLB Columbia Banking System Inc. 1.47% 82,890 $2.1M Reduce -7.7%
FNWB First Northwest Bancorp 1.43% 262,697 $2.1M No change
HAFC Hanmi Financial Corporation 1.22% 71,651 $1.8M No change
EBMT Eagle Bancorp Montana Inc. 0.62% 51,585 $891K Reduce -49.8%

Portfolio Sells Q2 2025 → Q3 2025

PNFP Pinnacle Financial Partners Reduce -8.1% 2.19% −0.68
EBMT Eagle Bancorp Montana Inc. Reduce -49.8% 0.62% −0.60
HTB Hometrust Bancshares Inc. Sold out 0.00% −0.42
SNV Synovus Financial Corp. Reduce -8.1% 2.38% −0.42
HBAN Huntington Bancshares Inc. Reduce -9.6% 2.16% −0.21
BANR Banner Corporation Reduce -9.5% 1.51% −0.16
ISTR Investar Holding Corp. Reduce -18.9% 1.90% −0.10
SSB Southstate Bank Corp. Reduce -8.1% 1.61% −0.06
FNB FNB Corp. Reduce -8.1% 1.79% −0.02
COLB Columbia Banking System Inc. Reduce -7.7% 1.47% −0.01
CMA Comerica Inc. Reduce -9.6% 2.13% +0.03
CFG Citizens Financial Group Reduce -8.4% 2.27% +0.13
WAL Western Alliance Bancorp Reduce -4.3% 4.86% +0.18

Portfolio Buys Q2 2025 → Q3 2025

BANC Banc of California Inc. Add +0.0% 4.54% +0.59

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