Petiole USA ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Petiole USA ltd reported 32 stock positions worth $143.0 million. Its top holding was Colony Bankcorp (CBAN) at 6.4% of the portfolio, followed by Carter Bankshares (CARE, 6.2%) and First National (FXNC, 5.8%). Compared with Q4 2025, it opened 2 new positions, sold out of 3, added to 1 and reduced 18. The biggest buy was a new position in Pinnacle Financial Partners (PNFP) and the biggest sale First Citizens Bcshs Class A (FCNCA, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001600202
- Portfolio Value
- $143.0M (Q1 2026)
- SEC Filing
- 0001172661-26-001905 ↗ filed May 14, 2026
Holdings Value
Holdings 32 stocks · $143.0M
| CBAN Colony Bankcorp | 6.35% | 454,763 | $9.1M | Reduce -1.7% |
| CARE Carter Bankshares Inc. | 6.22% | 381,373 | $8.9M | Reduce -1.4% |
| FXNC First National Corp. | 5.80% | 307,940 | $8.3M | Reduce -1.1% |
| CBK Commercial Bancgroup Inc. | 5.29% | 291,014 | $7.6M | Reduce -6.9% |
| WBS Webster Financial Corp. | 4.95% | 101,875 | $7.1M | No change |
| RNST Renasant Corp. | 4.94% | 195,345 | $7.1M | Reduce -0.8% |
| BANC Banc of California Inc. | 4.88% | 397,167 | $7.0M | No change |
| MPB Mid Penn Bancorp Inc. | 4.37% | 194,511 | $6.3M | Reduce -1.3% |
| ORRF Orrstown Finl Services Inc. | 4.33% | 171,766 | $6.2M | Reduce -2.9% |
| WAL Western Alliance Bancorp | 3.89% | 78,503 | $5.6M | Reduce -3.2% |
| HWC Hancock Whitney Corp. | 3.83% | 86,218 | $5.5M | No change |
| CCNE CNB Financial Corp. | 3.83% | 189,241 | $5.5M | No change |
| UMBF Umb Financial Corp. | 3.36% | 42,622 | $4.8M | Add +76.7% |
| FCNCA First Citizens Bcshs Class A | 3.18% | 2,415 | $4.6M | Reduce -60.9% |
| WTFC Wintrust Financial Corp. | 2.89% | 29,750 | $4.1M | 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 | 2.48% | 168,818 | $3.5M | No change |
| PNFP Pinnacle Financial Partners | 2.43% | 40,405 | $3.5M | New |
| CFG Citizens Financial Group | 2.39% | 57,054 | $3.4M | Reduce -7.6% |
| BCAL California Bancorp | 2.38% | 192,304 | $3.4M | Reduce -1.7% |
| FRST Primis Financial Corp. | 2.14% | 230,222 | $3.1M | No change |
| SHBI Shore Bancshares Inc. | 1.93% | 147,487 | $2.8M | No change |
| HBAN Huntington Bancshares Inc. | 1.85% | 168,940 | $2.6M | Reduce -6.6% |
| EQBK Equity Bancshares Inc. Class A | 1.78% | 57,364 | $2.5M | No change |
| FNB FNB Corp. | 1.76% | 150,151 | $2.5M | Reduce -6.8% |
| FRBA First Bank/Hamilton NJ | 1.73% | 154,660 | $2.5M | No change |
| FNWB First Northwest Bancorp | 1.57% | 257,897 | $2.2M | Reduce -1.8% |
| COLB Columbia Banking System Inc. | 1.48% | 77,090 | $2.1M | Reduce -7.0% |
| SSB Southstate Bank Corp. | 1.42% | 22,025 | $2.0M | Reduce -6.8% |
| EWBC East West Bancorp Inc. | 1.39% | 18,600 | $2.0M | New |
| BANR Banner Corporation | 1.32% | 31,085 | $1.9M | Reduce -6.6% |
| HAFC Hanmi Financial Corporation | 1.29% | 69,851 | $1.8M | Reduce -2.5% |
Portfolio Sells Q4 2025 → Q1 2026
| FCNCA First Citizens Bcshs Class A | Reduce -60.9% | 3.18% | −5.41 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −2.27 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −2.09 |
| ZION Zions Bancorp NA | Sold out | 0.00% | −1.90 |
| WAL Western Alliance Bancorp | Reduce -3.2% | 3.89% | −0.53 |
| HBAN Huntington Bancshares Inc. | Reduce -6.6% | 1.85% | −0.19 |
| BANR Banner Corporation | Reduce -6.6% | 1.32% | −0.03 |
| FNWB First Northwest Bancorp | Reduce -1.8% | 1.57% | −0.03 |
| FNB FNB Corp. | Reduce -6.8% | 1.76% | −0.03 |
| COLB Columbia Banking System Inc. | Reduce -7.0% | 1.48% | −0.02 |
| SSB Southstate Bank Corp. | Reduce -6.8% | 1.42% | −0.02 |
| BCAL California Bancorp | Reduce -1.7% | 2.38% | +0.02 |
| HAFC Hanmi Financial Corporation | Reduce -2.5% | 1.29% | +0.03 |
| CFG Citizens Financial Group | Reduce -7.6% | 2.39% | +0.05 |
| ORRF Orrstown Finl Services Inc. | Reduce -2.9% | 4.33% | +0.27 |
| CBK Commercial Bancgroup Inc. | Reduce -6.9% | 5.29% | +0.32 |
| MPB Mid Penn Bancorp Inc. | Reduce -1.3% | 4.37% | +0.41 |
| RNST Renasant Corp. | Reduce -0.8% | 4.94% | +0.44 |
| FXNC First National Corp. | Reduce -1.1% | 5.80% | +0.70 |
| CBAN Colony Bankcorp | Reduce -1.7% | 6.35% | +1.00 |
| CARE Carter Bankshares Inc. | Reduce -1.4% | 6.22% | +1.29 |
Portfolio Buys Q4 2025 → Q1 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 31 | $139.1M | CBK, FXNC, CBAN, RNST, BANC |
| Q1 2026 | 32 | $143.0M | CBAN, CARE, FXNC, CBK, WBS |
| Q4 2025Amended | 33 | $154.3M | FCNCA, CBAN, FXNC, CBK, BANC |
| Q3 2025 | 36 | $144.8M | FCNCA, CBAN, CARE, RNST, FXNC |
| Q2 2025 | 37 | $141.4M | FCNCA, CBAN, RNST, CARE, WAL |
| Q1 2025 | 38 | $141.5M | FCNCA, CBAN, FXNC, FBMS, WAL |
| Q4 2024 | 39 | $158.9M | FCNCA, CBAN, FXNC, WAL, FBMS |
| Q3 2024 | 39 | $152.9M | FCNCA, MCHB, CBAN, CARE, ORRF |
| Q2 2024 | 38 | $119.2M | FCNCA, CARE, CBAN, MCHB, FBMS |
| Q1 2024 | 38 | $127.8M | FCNCA, MCHB, BANC, HWC, CBAN |