Latest North Reef Capital Management LP Stock Portfolio
North Reef Capital Management LP Performance:
2025 Q3: 3.36%YTD: 1.89%2024: 21.18%
Performance for 2025 Q3 is 3.36%, and YTD is 1.89%, and 2024 is 21.18%.
About North Reef Capital Management LP and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, North Reef Capital Management LP reported an equity portfolio of $2.1 Billions as of 30 Sep, 2025.
The top stock holdings of North Reef Capital Management LP are FHN, CADE, CMA. The fund has invested 13.1% of it's portfolio in FIRST HORIZON CORPORATION and 12.4% of portfolio in CADENCE BANK.
The fund managers got completely rid off SYNOVUS FINL CORP (SNV), PINNACLE FINL PARTNERS INC (PNFP) and WELLS FARGO CO NEW (WFC) stocks. They significantly reduced their stock positions in TEXAS CAP BANCSHARES INC (TCBI), NORTHPOINTE BANCSHARES INC. and FLYWIRE CORPORATION (FLYW). North Reef Capital Management LP opened new stock positions in CADENCE BANK (CADE), MIAMI INTL HLDGS INC and FIRST INTST BANCSYSTEM INC (FIBK). The fund showed a lot of confidence in some stocks as they added substantially to EAGLE BANCORP INC MD (EGBN), SHIFT4 PMTS INC (FOUR) and MARKETAXESS HLDGS INC (MKTX).
The top stock holdings of North Reef Capital Management LP are FHN, CADE, CMA. The fund has invested 13.1% of it's portfolio in FIRST HORIZON CORPORATION and 12.4% of portfolio in CADENCE BANK.
The fund managers got completely rid off SYNOVUS FINL CORP (SNV), PINNACLE FINL PARTNERS INC (PNFP) and WELLS FARGO CO NEW (WFC) stocks. They significantly reduced their stock positions in TEXAS CAP BANCSHARES INC (TCBI), NORTHPOINTE BANCSHARES INC. and FLYWIRE CORPORATION (FLYW). North Reef Capital Management LP opened new stock positions in CADENCE BANK (CADE), MIAMI INTL HLDGS INC and FIRST INTST BANCSYSTEM INC (FIBK). The fund showed a lot of confidence in some stocks as they added substantially to EAGLE BANCORP INC MD (EGBN), SHIFT4 PMTS INC (FOUR) and MARKETAXESS HLDGS INC (MKTX).
North Reef Capital Management LP Annual Return Estimates Vs S&P 500
Our best estimate is that North Reef Capital Management LP made a return of 3.36% in the last quarter. In trailing 12 months, it's portfolio return was 11.13%.
New Buys
| Ticker | $ Bought |
|---|---|
| cadence bank | 264,845,000 |
| miami intl hldgs inc | 29,220,900 |
| first intst bancsystem inc | 27,089,500 |
| primis financial corp | 10,245,900 |
| figure technology solutio | 8,728,800 |
| gemini space sta inc | 5,877,920 |
| bullish | 5,088,800 |
| coastalsouth bancshares inc | 4,811,700 |
New stocks bought by North Reef Capital Management LP
Additions
| Ticker | % Inc. |
|---|---|
| eagle bancorp inc md | 558 |
| shift4 pmts inc | 312 |
| marketaxess hldgs inc | 116 |
| q2 hldgs inc | 101 |
| smartfinancial inc | 83.43 |
| atlantic un bankshares corp | 35.04 |
| americas car-mart inc | 19.53 |
| stellar bancorp inc | 18.83 |
Additions to existing portfolio by North Reef Capital Management LP
Reductions
| Ticker | % Reduced |
|---|---|
| texas cap bancshares inc | -72.04 |
| northpointe bancshares inc. | -52.81 |
| flywire corporation | -40.91 |
| piper sandler companies | -34.04 |
| aci worldwide inc | -29.77 |
| marqeta inc | -28.46 |
| visa inc | -25.00 |
| comerica inc | -14.49 |
North Reef Capital Management LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| synovus finl corp | -185,006,000 |
| blue ridge bankshares inc va | -5,439,230 |
| wells fargo co new | -118,177,000 |
| hilltop holdings inc | -35,964,800 |
| pinnacle finl partners inc | -128,628,000 |
| bank marin bancorp | -13,704,000 |
| citigroup inc | -38,304,000 |
| truist finl corp | -13,971,800 |
North Reef Capital Management LP got rid off the above stocks
Sector Distribution
North Reef Capital Management LP has about 68% of it's holdings in Financial Services sector.
| Sector | % |
|---|---|
| Financial Services | 68 |
| Others | 18.9 |
| Technology | 12.7 |
Market Cap. Distribution
North Reef Capital Management LP has about 3.3% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MID-CAP | 70.2 |
| UNALLOCATED | 18.9 |
| SMALL-CAP | 6.5 |
| MEGA-CAP | 1.7 |
| LARGE-CAP | 1.6 |
Stocks belong to which Index?
About 79.2% of the stocks held by North Reef Capital Management LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| RUSSELL 2000 | 57.3 |
| S&P 500 | 21.9 |
| Others | 20.8 |
North Reef Capital Management LP Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of North Reef Capital Management LP
North Reef Capital Management LP has 43 stocks in it's portfolio. About 77.1% of the portfolio is in top 10 stocks. MKTX proved to be the most loss making stock for the portfolio. CMA was the most profitable stock for North Reef Capital Management LP last quarter.
Last Reported on: 14 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ABCB | ameris bancorp | 6.79 | 1,981,060 | 145,232,000 | added | 4.82 | ||
| ACIW | aci worldwide inc | 4.40 | 1,783,850 | 94,133,800 | reduced | -29.77 | ||
| ALKT | alkami technology inc | 0.15 | 127,604 | 3,169,680 | reduced | -8.47 | ||
| AUB | atlantic un bankshares corp | 6.13 | 3,713,600 | 131,053,000 | added | 35.04 | ||
| BAC | bank america corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BIL | spdr series trust | 0.22 | 75,000 | 4,747,500 | new | |||
| BMRC | bank marin bancorp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BRBS | blue ridge bankshares inc va | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BSIG | acadian asset management inc | 1.15 | 511,452 | 24,631,500 | added | 6.55 | ||
| C | citigroup inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CADE | cadence bank | 12.38 | 7,055,000 | 264,845,000 | new | |||
| CIVB | civista bancshares inc | 0.03 | 29,776 | 604,751 | new | |||
| CMA | comerica inc | 11.44 | 3,570,000 | 244,616,000 | reduced | -14.49 | ||
| CME | cme group inc | 0.14 | 11,198 | 3,025,590 | new | |||
| COLB | columbia bkg sys inc | 0.12 | 100,000 | 2,574,000 | new | |||
| CRMT | americas car-mart inc | 0.37 | 270,190 | 7,892,250 | added | 19.53 | ||
| EGBN | eagle bancorp inc md | 2.49 | 2,632,920 | 53,237,600 | added | 558 | ||
| FFWM | first fndtn inc | 1.80 | 6,900,310 | 38,434,700 | reduced | -9.39 | ||
| FHN | first horizon corporation | 13.08 | 12,370,000 | 279,686,000 | reduced | -1.63 | ||
| FIBK | first intst bancsystem inc | 1.27 | 850,000 | 27,089,500 | new | |||