Stieven Capital Advisors, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Stieven Capital Advisors, L.P. reported 40 stock positions worth $530.5 million. Its top holding was Western Alliance Bancorp (WAL) at 6.6% of the portfolio, followed by Webster Financial (WBS, 6.6%) and Columbia Banking System (COLB, 5.4%). Compared with Q2 2025, it opened 6 new positions, sold out of 7, added to 25 and reduced 8. The biggest buy was a new position in First Busey (BUSE) and the biggest sale an exit from Pinnacle Financial Partners (PNFP).
- Most Recent 13F
- Q2 2026
- Location
- ST. LOUIS, MO
- CIK
- 0001388279
- Portfolio Value
- $530.5M (Q3 2025)
- SEC Filing
- 0000902664-25-004904 ↗ filed Nov 13, 2025
Holdings Value
Holdings 40 stocks · $530.5M
| WAL Western Alliance Bancorp | 6.64% | 406,333 | $35.2M | Add +0.1% |
| WBS Webster Financial Corp. | 6.62% | 590,488 | $35.1M | Add +0.1% |
| COLB Columbia Banking System Inc. | 5.40% | 1,112,332 | $28.6M | Add +10.6% |
| UMBF Umb Financial Corp. | 5.13% | 230,089 | $27.2M | Add +1.5% |
| SSB Southstate Bank Corp. | 4.60% | 246,900 | $24.4M | Add +9.0% |
| AUB Atlantic Union Bankshares Co. | 4.55% | 684,357 | $24.2M | Add +0.1% |
| EWBC East West Bancorp Inc. | 4.20% | 209,224 | $22.3M | Add +0.1% |
| AX Axos Financial Inc. | 3.78% | 236,959 | $20.1M | Reduce -16.6% |
| CFG Citizens Financial Group | 3.77% | 376,080 | $20.0M | Add +0.2% |
| HWC Hancock Whitney Corp. | 3.69% | 312,396 | $19.6M | Add +0.2% |
| WTFC Wintrust Financial Corp. | 3.35% | 134,383 | $17.8M | Reduce -20.2% |
| CNOB Connectone Bancorp Inc. | 3.28% | 700,739 | $17.4M | Add +29.3% |
| HAFC Hanmi Financial Corporation | 2.95% | 634,676 | $15.7M | Add +4.3% |
| RNST Renasant Corp. | 2.87% | 412,632 | $15.2M | Reduce -4.5% |
| OSBC Old Second Bancorp Inc. | 2.54% | 778,028 | $13.4M | Add +8.5% |
| FCNCA First Citizens Bcshs Class A | 2.53% | 7,513 | $13.4M | No change |
| FNB FNB Corp. | 2.51% | 827,491 | $13.3M | Add +0.2% |
| RF Regions Financial Corp. | 2.33% | 469,382 | $12.4M | Add +0.1% |
| CMA Comerica Inc. | 2.25% | 174,388 | $11.9M | Add +8.0% |
| BANR Banner Corporation | 2.22% | 179,456 | $11.8M | Add +0.2% |
| CCNE CNB Financial Corp. | 2.10% | 461,373 | $11.2M | Add +58.2% |
| ONB Old National Bancorp | 2.10% | 507,634 | $11.1M | Add +17.5% |
| PFBC Preferred Bank/Los Angeles | 2.01% | 118,221 | $10.7M | Reduce -2.3% |
| BUSE First Busey Corp. | 1.81% | 415,000 | $9.6M | New |
| PB Prosperity Bancshares Inc. | 1.49% | 118,958 | $7.9M | New |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 1.46% | 260,243 | $7.8M | Reduce -11.7% |
| MCHB Mechanics Bancorp Class A | 1.46% | 581,735 | $7.7M | Add +47.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.45% | 148,637 | $7.7M | Add +43.6% |
| CCB Coastal Financial Corp. | 1.35% | 65,971 | $7.1M | Reduce -25.5% |
| FBP First Bancorp Puerto Rico | 1.30% | 311,810 | $6.9M | Add +0.2% |
| FBK FB Financial Corp. filed as FB FINL CORP | 1.13% | 107,716 | $6.0M | New |
| HBNC Horizon Bancorp Inc. | 1.13% | 375,000 | $6.0M | New |
| SFNC Simmons First Natl Corp. Class A | 1.08% | 300,000 | $5.8M | New |
| VLY Valley National Bancorp | 1.06% | 530,066 | $5.6M | Reduce -56.5% |
| SMBK Smartfinancial Inc. | 1.00% | 148,034 | $5.3M | Add +0.1% |
| VBTX Veritex Holdings Inc. | 0.85% | 135,136 | $4.5M | Reduce -74.7% |
| MOFG Midwestone Financial Group I | 0.83% | 155,600 | $4.4M | Add +19.3% |
| OPBK Op Bancorp | 0.54% | 205,717 | $2.9M | Add +0.1% |
| CIVB Civista Bancshares Inc. | 0.42% | 110,000 | $2.2M | New |
| FBLA FB Bancorp Inc. | 0.21% | 91,562 | $1.1M | Add +0.2% |
Portfolio Sells Q2 2025 → Q3 2025
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −2.79 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −2.50 |
| VBTX Veritex Holdings Inc. | Reduce -74.7% | 0.85% | −1.87 |
| FSUN Firstsun Capital Bancorp | Sold out | 0.00% | −1.30 |
| EBC Eastern Bankshares Inc. | Sold out | 0.00% | −1.18 |
| VLY Valley National Bancorp | Reduce -56.5% | 1.06% | −1.06 |
| UCB United Community Banks | Sold out | 0.00% | −1.05 |
| ESSA Essa Bancorp Inc. | Sold out | 0.00% | −0.75 |
| WTFC Wintrust Financial Corp. | Reduce -20.2% | 3.35% | −0.72 |
| AX Axos Financial Inc. | Reduce -16.6% | 3.78% | −0.43 |
| CCB Coastal Financial Corp. | Reduce -25.5% | 1.35% | −0.33 |
| RNST Renasant Corp. | Reduce -4.5% | 2.87% | −0.16 |
| DCOM Dime Commercial Bancshares I | Reduce -11.7% | 1.46% | −0.09 |
| FISI Financial Institutions Inc. | Sold out | 0.00% | −0.07 |
| PFBC Preferred Bank/Los Angeles | Reduce -2.3% | 2.01% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| BUSE First Busey Corp. | New | 1.81% | +1.81 |
| PB Prosperity Bancshares Inc. | New | 1.49% | +1.49 |
| FBK FB Financial Corp. | New | 1.13% | +1.13 |
| HBNC Horizon Bancorp Inc. | New | 1.13% | +1.13 |
| SFNC Simmons First Natl Corp. Class A | New | 1.08% | +1.08 |
| CNOB Connectone Bancorp Inc. | Add +29.3% | 3.28% | +0.83 |
| COLB Columbia Banking System Inc. | Add +10.6% | 5.40% | +0.81 |
| CCNE CNB Financial Corp. | Add +58.2% | 2.10% | +0.80 |
| SSB Southstate Bank Corp. | Add +9.0% | 4.60% | +0.53 |
| CFG Citizens Financial Group | Add +0.2% | 3.77% | +0.49 |
| BAC Bank of America Corp. | Add +43.6% | 1.45% | +0.49 |
| UMBF Umb Financial Corp. | Add +1.5% | 5.13% | +0.48 |
| WAL Western Alliance Bancorp | Add +0.1% | 6.64% | +0.47 |
| MCHB Mechanics Bancorp Class A | Add +47.8% | 1.46% | +0.46 |
| CIVB Civista Bancshares Inc. | New | 0.42% | +0.42 |
| AUB Atlantic Union Bankshares Co. | Add +0.1% | 4.55% | +0.38 |
| CMA Comerica Inc. | Add +8.0% | 2.25% | +0.37 |
| WBS Webster Financial Corp. | Add +0.1% | 6.62% | +0.33 |
| ONB Old National Bancorp | Add +17.5% | 2.10% | +0.30 |
| HWC Hancock Whitney Corp. | Add +0.2% | 3.69% | +0.19 |
| RF Regions Financial Corp. | Add +0.1% | 2.33% | +0.18 |
| FNB FNB Corp. | Add +0.2% | 2.51% | +0.16 |
| MOFG Midwestone Financial Group I | Add +19.3% | 0.83% | +0.10 |
| EWBC East West Bancorp Inc. | Add +0.1% | 4.20% | +0.08 |
| OSBC Old Second Bancorp Inc. | Add +8.5% | 2.54% | +0.05 |
| FBP First Bancorp Puerto Rico | Add +0.2% | 1.30% | +0.03 |
| SMBK Smartfinancial Inc. | Add +0.1% | 1.00% | +0.02 |
| HAFC Hanmi Financial Corporation | Add +4.3% | 2.95% | +0.02 |
| OPBK Op Bancorp | Add +0.1% | 0.54% | +0.02 |
| FBLA FB Bancorp Inc. | Add +0.2% | 0.21% | +0.01 |
| BANR Banner Corporation | Add +0.2% | 2.22% | −0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $523.9M | COLB, WAL, AUB, UMBF, AX |
| Q1 2026 | 35 | $468.1M | COLB, WAL, AUB, UMBF, SSB |
| Q4 2025 | 38 | $539.4M | WBS, WAL, COLB, UMBF, AUB |
| Q3 2025 | 40 | $530.5M | WAL, WBS, COLB, UMBF, SSB |
| Q2 2025 | 41 | $512.4M | WBS, WAL, UMBF, COLB, AX |
| Q1 2025 | 45 | $516.4M | WAL, WBS, COLB, UMBF, EWBC |
| Q4 2024 | 49 | $561.8M | WAL, WBS, COLB, HWC, HTLF |
| Q3 2024 | 49 | $528.8M | WAL, WBS, COLB, HWC, EWBC |
| Q2 2024 | 45 | $451.5M | WAL, EWBC, WBS, WTFC, FCNCA |
| Q1 2024 | 46 | $481.0M | WAL, WBS, EWBC, FCNCA, WTFC |