Rhino Investment Partners, Inc
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Rhino Investment Partners, Inc reported 45 stock positions worth $405.2 million. Its top holding was Truist Financial (TFC) at 8.5% of the portfolio, followed by Keycorp (KEY, 7.7%) and Popular (BPOP, 6.1%). Compared with Q4 2024, it opened 6 new positions, sold out of 9, added to 12 and reduced 25. The biggest buy was a new position in FNB (FNB) and the biggest sale an exit from SS SPDR S&P Regional Bank (KRE).
- Most Recent 13F
- Q2 2026
- Location
- WEST CONSHOHOCKEN, PA
- CIK
- 0001828776
- Portfolio Value
- $405.2M (Q1 2025)
- SEC Filing
- 0001828776-25-000005 ↗ filed May 14, 2025
Holdings Value
Holdings 45 stocks · $405.2M
| TFC Truist Financial Corp. | 8.47% | 833,598 | $34.3M | Add +39.1% |
| KEY Keycorp | 7.71% | 1,954,655 | $31.3M | Add +162.0% |
| BPOP Popular Inc. | 6.10% | 267,702 | $24.7M | Reduce -3.9% |
| CMA Comerica Inc. | 5.72% | 392,662 | $23.2M | Add +35.4% |
| ASB Associated Banc-Corp. | 5.70% | 1,024,820 | $23.1M | Add +17.9% |
| CFG Citizens Financial Group | 5.19% | 513,752 | $21.0M | Reduce -6.6% |
| FNB FNB Corp. | 4.93% | 1,486,217 | $20.0M | New |
| OBK Origin Bancorp Inc. | 4.26% | 498,214 | $17.3M | Add +10.0% |
| SFNC Simmons First Natl Corp. Class A | 4.14% | 817,476 | $16.8M | Reduce -7.2% |
| HAFC Hanmi Financial Corporation | 3.50% | 626,189 | $14.2M | Reduce -4.0% |
| HOPE Hope Bancorp Inc. | 3.42% | 1,323,286 | $13.9M | Reduce -21.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.78% | 62,932 | $11.2M | New |
| PCB PCB Bancorp | 2.60% | 562,636 | $10.5M | Reduce -7.8% |
| VBNK Versabank | 2.41% | 943,064 | $9.8M | Add +5.4% |
| WAL Western Alliance Bancorp | 2.28% | 120,227 | $9.2M | Reduce -50.3% |
| HBNC Horizon Bancorp Inc. | 2.00% | 537,363 | $8.1M | Add +1.3% |
| FISI Financial Institutions Inc. | 1.93% | 313,082 | $7.8M | Add +19.9% |
| WSBF Waterstone Financial Inc. | 1.84% | 555,513 | $7.5M | Reduce -25.3% |
| AMBZ American Business Bank | 1.83% | 165,951 | $7.4M | No change |
| BANC Banc of California Inc. | 1.73% | 495,324 | $7.0M | New |
| SFST Southern First Bancshares | 1.71% | 210,121 | $6.9M | Reduce -8.7% |
| FRST Primis Financial Corp. | 1.68% | 697,899 | $6.8M | New |
| WAFD Wafd Inc. | 1.32% | 187,538 | $5.4M | Reduce -58.7% |
| HTBK Heritage Commerce Corp. | 1.29% | 548,507 | $5.2M | New |
| AROW Arrow Financial Corp. | 1.27% | 196,282 | $5.2M | Add +3.3% |
| HAPN Happen Inc. filed as LENDINGCLUB CORP | 1.22% | 479,406 | $4.9M | Reduce -62.5% |
| PNC PNC Financial Services Group | 1.22% | 28,045 | $4.9M | Reduce -6.7% |
| OPBK Op Bancorp | 1.16% | 391,390 | $4.7M | Reduce -30.8% |
| ALRS Alerus Financial Corp. | 1.11% | 243,495 | $4.5M | Reduce -19.9% |
| MYFW First Western Financial Inc. | 1.09% | 225,710 | $4.4M | Reduce -2.8% |
| RBB RBB Bancorp | 1.08% | 265,503 | $4.4M | Reduce -48.3% |
| KRNY Kearny Financial Corp. | 0.99% | 639,283 | $4.0M | Add +6.7% |
| CFBK CF Bankshares Inc. | 0.97% | 177,527 | $3.9M | Reduce -18.4% |
| HANOVER BANCORP INC/NY | 0.86% | 158,243 | $3.5M | Reduce -21.2% |
| KREF KKR Real Estate Finance Trus | 0.79% | 296,668 | $3.2M | Add +207.7% |
| NKSH National Bankshares Inc. | 0.78% | 118,724 | $3.2M | Reduce -10.1% |
| ISTR Investar Holding Corp. | 0.68% | 157,151 | $2.8M | Add +8.1% |
| AMTB Amerant Bancorp Inc. | 0.68% | 133,869 | $2.8M | New |
| FVCB Fvcbankcorp Inc. | 0.51% | 195,926 | $2.1M | Reduce -10.6% |
| CFFI C & F Financial Corp. filed as C & F FINL CORP | 0.37% | 22,506 | $1.5M | Reduce -20.6% |
| HONE Harborone Bancorp Inc. | 0.35% | 135,605 | $1.4M | Reduce -49.6% |
| HWBK Hawthorn Bancshares Inc. | 0.15% | 21,609 | $610K | Reduce -70.1% |
| FCCO First Community Corp. | 0.09% | 16,222 | $366K | Reduce -93.5% |
| UBFO United Security Bancshare | 0.06% | 25,572 | $229K | Reduce -69.4% |
| TBNK Territorial Bancorp Inc. | 0.01% | 5,041 | $42K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −3.88 |
| HAPN Happen Inc. | Reduce -62.5% | 1.22% | −3.36 |
| FHN First Horizon Corp. | Sold out | 0.00% | −3.32 |
| WAL Western Alliance Bancorp | Reduce -50.3% | 2.28% | −2.19 |
| WAFD Wafd Inc. | Reduce -58.7% | 1.32% | −1.92 |
| RBB RBB Bancorp | Reduce -48.3% | 1.08% | −1.25 |
| FCCO First Community Corp. | Reduce -93.5% | 0.09% | −1.24 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −1.16 |
| HOPE Hope Bancorp Inc. | Reduce -21.5% | 3.42% | −1.16 |
| OPBK Op Bancorp | Reduce -30.8% | 1.16% | −0.82 |
| FSUN Firstsun Capital Bancorp | Sold out | 0.00% | −0.70 |
| EBMT Eagle Bancorp Montana Inc. | Sold out | 0.00% | −0.69 |
| FXNC First National Corp. | Sold out | 0.00% | −0.64 |
| DCOM Dime Commercial Bancshares I | Sold out | 0.00% | −0.41 |
| WSBF Waterstone Financial Inc. | Reduce -25.3% | 1.84% | −0.37 |
| HONE Harborone Bancorp Inc. | Reduce -49.6% | 0.35% | −0.36 |
| SFST Southern First Bancshares | Reduce -8.7% | 1.71% | −0.32 |
| HWBK Hawthorn Bancshares Inc. | Reduce -70.1% | 0.15% | −0.30 |
| CFBK CF Bankshares Inc. | Reduce -18.4% | 0.97% | −0.26 |
| PWOD Penns Woods Bancorp Inc. | Sold out | 0.00% | −0.24 |
| INBK First Internet Bancorp | Sold out | 0.00% | −0.21 |
| ALRS Alerus Financial Corp. | Reduce -19.9% | 1.11% | −0.18 |
| SFNC Simmons First Natl Corp. Class A | Reduce -7.2% | 4.14% | −0.18 |
| HANOVER BANCORP INC/NY | Reduce -21.2% | 0.86% | −0.17 |
| PCB PCB Bancorp | Reduce -7.8% | 2.60% | −0.13 |
| UBFO United Security Bancshare | Reduce -69.4% | 0.06% | −0.13 |
| CFG Citizens Financial Group | Reduce -6.6% | 5.19% | −0.13 |
| FVCB Fvcbankcorp Inc. | Reduce -10.6% | 0.51% | −0.10 |
| CFFI C & F Financial Corp. | Reduce -20.6% | 0.37% | −0.07 |
| PNC PNC Financial Services Group | Reduce -6.7% | 1.22% | −0.06 |
| NKSH National Bankshares Inc. | Reduce -10.1% | 0.78% | −0.06 |
| MYFW First Western Financial Inc. | Reduce -2.8% | 1.09% | +0.09 |
| HAFC Hanmi Financial Corporation | Reduce -4.0% | 3.50% | +0.10 |
| BPOP Popular Inc. | Reduce -3.9% | 6.10% | +0.31 |
Portfolio Buys Q4 2024 → Q1 2025
| FNB FNB Corp. | New | 4.93% | +4.93 |
| KEY Keycorp | Add +162.0% | 7.71% | +4.89 |
| MTB M & T Bank Corp. | New | 2.78% | +2.78 |
| TFC Truist Financial Corp. | Add +39.1% | 8.47% | +2.72 |
| CMA Comerica Inc. | Add +35.4% | 5.72% | +1.76 |
| BANC Banc of California Inc. | New | 1.73% | +1.73 |
| FRST Primis Financial Corp. | New | 1.68% | +1.68 |
| HTBK Heritage Commerce Corp. | New | 1.29% | +1.29 |
| ASB Associated Banc-Corp. | Add +17.9% | 5.70% | +1.10 |
| OBK Origin Bancorp Inc. | Add +10.0% | 4.26% | +0.93 |
| AMTB Amerant Bancorp Inc. | New | 0.68% | +0.68 |
| KREF KKR Real Estate Finance Trus | Add +207.7% | 0.79% | +0.58 |
| FISI Financial Institutions Inc. | Add +19.9% | 1.93% | +0.35 |
| HBNC Horizon Bancorp Inc. | Add +1.3% | 2.00% | +0.11 |
| AROW Arrow Financial Corp. | Add +3.3% | 1.27% | +0.07 |
| KRNY Kearny Financial Corp. | Add +6.7% | 0.99% | +0.05 |
| ISTR Investar Holding Corp. | Add +8.1% | 0.68% | −0.02 |
| VBNK Versabank | Add +5.4% | 2.41% | −0.33 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 32 | $330.5M | HBAN, AROW, FNB, COLB, WABC |
| Q1 2026 | 39 | $359.4M | HOPE, WSBC, HAFC, ASB, FNB |
| Q4 2025 | 37 | $352.9M | TFC, HOPE, SFNC, HAFC, KRE |
| Q3 2025 | 30 | $317.1M | SFNC, TFC, HOPE, KEY, HAFC |
| Q2 2025Amended | 34 | $365.2M | CMA, TFC, KEY, ASB, SFNC |
| Q1 2025 | 45 | $405.2M | TFC, KEY, BPOP, CMA, ASB |
| Q4 2024Amended | 48 | $452.2M | BPOP, TFC, CFG, ASB, HAPN |
| Q3 2024 | 34 | $433.7M | CMA, USB, TFC, BPOP, CFG |
| Q2 2024 | 23 | $557.5M | TFC, KEY, CMA, CFG, USB |
| Q1 2024 | 22 | $516.1M | TFC, KEY, USB, CFG, HBAN |