SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Petiole USA ltd

CIK 0001600202 · 1345 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK, NY, 10105 · 212-503-0474

Reported Value
$153M
Q3 2024
Positions
39
Filings on Record
20
2019–present window
Filed
Nov 13, 2024
original filing

Summary

Petiole USA Ltd reported $153M in U.S.-listed holdings across 39 positions for Q3 2024.

Its largest position, FCNCA, represents 6.4% of the portfolio.

Compared with Q2 2024, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+5.2%
vs prior filed quarter
Top-10 Concentration
+44.4%
share of reported value
Largest Position
+6.4%
First Ctzns Bancshares Inc N
New / Exited
3 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $139MQ4 ’21Q1 ’22: $129MQ2 ’22: $114MQ3 ’22: $134MQ3 ’22Q4 ’22: $136MQ1 ’23: $119MQ2 ’23: $102MQ2 ’23Q3 ’23: $109MQ4 ’23: $135MQ1 ’24: $128MQ1 ’24Q2 ’24: $119MQ3 ’24: $153MQ4 ’24: $159MQ4 ’24Q1 ’25: $142MQ2 ’25: $141MQ3 ’25: $145MQ3 ’25Q4 ’25: $154MQ1 ’26: $143Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.5%Other: 2.4%ETP: 2.2%
  • Common Stock · 95.5% · $146M
  • Other · 2.4% · $4M
  • ETP · 2.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ORRFORRSTOWN FINL SVCS INCNEW+182.0K182.0K+$7M$7M
HBANHUNTINGTON BANCSHARES INCNEW+235.0K235.0K+$3M$3M
SPDR SER TRNEW+58.5K58.5K+$3M$3M
CMACOMERICA INCADDED+36.0K57.9K+$2M$3M
BCALCALIFORNIA BANCORPADDED+110.6K195.6K+$2M$3M
CODORUS VY BANCORP INCSOLD OUT−208.0K0−$5M$0
CALIFORNIA BANCORP INCSOLD OUT−69.6K0−$1M$0
CFGCITIZENS FINL GROUP INCADDED+26.0K67.5K+$1M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2024

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FCNCAFIRST CTZNS BANCSHARES INC Nhistory →CL A6.40%$10M5.3K
2MCHBHOMESTREET INChistory →COM4.93%$8M478.0K
3CBANCOLONY BANKCORP INChistory →COM4.81%$7M474.1K
4CARECARTER BANKSHARES INChistory →COM NEW4.51%$7M396.9K
5ORRFORRSTOWN FINL SVCS INChistory →COM4.28%$7M182.0K
6FBMSUSDFIRST BANCSHARES INC MISShistory →COM4.25%$6M202.1K
7CBFVCB FINL SVCS INChistory →COM3.94%$6M215.2K
8MPBMID PENN BANCORP INChistory →COM3.85%$6M197.1K
9BANCBANC OF CALIFORNIA INChistory →COM3.83%$6M397.2K
10SBFGSB FINL GROUP INChistory →COM3.57%$5M265.7K
11FXNCFIRST NATL CORPhistory →COM3.57%$5M311.4K
12CCNECNB FINL CORP PAhistory →COM2.98%$5M189.2K
13HWCHANCOCK WHITNEY CORPORATIONhistory →COM2.89%$4M86.2K
14WEAWESTERN ALLIANCE BANCORPhistory →COM2.39%$4M42.3K
15EBMTEAGLE BANCORP MONT INChistory →COM2.39%$4M231.5K
16PINNACLE FINL PARTNERS INCCOM2.36%$4M36.8K
17FRMEFIRST MERCHANTS CORPhistory →COM2.29%$3M94.0K
18CMACOMERICA INChistory →COM2.27%$3M57.9K
19HBANHUNTINGTON BANCSHARES INChistory →COM2.26%$3M235.0K
20SYU1SYNOVUS FINL CORPhistory →COM NEW2.22%$3M76.3K
21ISTRINVESTAR HLDG CORPhistory →COM2.18%$3M172.0K
22SPDR SER TRS&P REGL BKG2.17%$3M58.5K
23WF2WINTRUST FINL CORPhistory →COM2.11%$3M29.8K
24WBSWEBSTER FINL CORPhistory →COM2.10%$3M68.9K
25BCALCALIFORNIA BANCORPhistory →COM1.89%$3M195.6K
26FNWBFIRST NORTHWEST BANCORPhistory →COM1.84%$3M262.7K
27CFGCITIZENS FINL GROUP INChistory →COM1.81%$3M67.5K
28HTBHOMETRUST BANCSHARES INChistory →COM1.73%$3M77.5K
29FW2NBANNER CORPhistory →COM NEW1.67%$3M42.9K
30SSBUSDSOUTHSTATE CORPORATIONhistory →COM1.63%$2M25.7K
31FNBF N B CORPhistory →COM1.62%$2M175.4K
32FIRST BK WILLIAMSTOWN NEW JECOM1.54%$2M154.7K
33EQBKEQUITY BANCSHARES INChistory →COM CL A1.53%$2M57.4K
34COLBCOLUMBIA BKG SYS INChistory →COM1.53%$2M89.8K
35SHBISHORE BANCSHARES INChistory →COM1.35%$2M147.5K
36FBNCFIRST BANCORP N Chistory →COM1.07%$2M39.4K
37HAFCHANMI FINL CORPCOM NEW0.87%$1M71.7K
38FRSTPRIMIS FINANCIAL CORPCOM0.87%$1M108.8K
39BRBSBLUE RIDGE BANKSHARES INC VACOM0.50%$769,370274.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$143M32May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$154M33Feb 20, 2026RESTATEMENTchanges · EDGAR ↗
Q3 2025$145M36Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$141M37Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$142M38May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$159M39Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$153M39Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$119M38Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$128M38May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$135M39Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$109M39Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$102M37Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$119M37May 16, 2023RESTATEMENTchanges · EDGAR ↗
Q4 2022$136M38Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$134M40Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$114M39Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$129M41May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$139M45Feb 11, 202213F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.