Latest North Reef Capital Management LP Stock Portfolio
North Reef Capital Management LP Performance:
2025 Q2: 5.3%YTD: -1.18%2024: 20.93%
Performance for 2025 Q2 is 5.3%, and YTD is -1.18%, and 2024 is 20.93%.
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 $2.3 Billions as of 30 Jun, 2025.
The top stock holdings of North Reef Capital Management LP are FHN, CMA, SNV. The fund has invested 11.8% of it's portfolio in FIRST HORIZON CORPORATION and 11% of portfolio in COMERICA INC.
The fund managers got completely rid off GLOBAL PMTS INC (GPN), AVIDXCHANGE HOLDINGS INC (AVDX) and UNITED CMNTY BKS BLAIRSVLE G (UCBI) stocks. They significantly reduced their stock positions in GUARANTY BANCSHARES INC TEX (GNTY), SHIFT4 PMTS INC (FOUR) and EAGLE BANCORP INC MD (EGBN). North Reef Capital Management LP opened new stock positions in CITIGROUP INC (C), NORTHERN TR CORP (NTRS) and BANK AMERICA CORP (BAC). The fund showed a lot of confidence in some stocks as they added substantially to STELLAR BANCORP INC, VISA INC (V) and PIPER SANDLER COMPANIES (PIPR).
The top stock holdings of North Reef Capital Management LP are FHN, CMA, SNV. The fund has invested 11.8% of it's portfolio in FIRST HORIZON CORPORATION and 11% of portfolio in COMERICA INC.
The fund managers got completely rid off GLOBAL PMTS INC (GPN), AVIDXCHANGE HOLDINGS INC (AVDX) and UNITED CMNTY BKS BLAIRSVLE G (UCBI) stocks. They significantly reduced their stock positions in GUARANTY BANCSHARES INC TEX (GNTY), SHIFT4 PMTS INC (FOUR) and EAGLE BANCORP INC MD (EGBN). North Reef Capital Management LP opened new stock positions in CITIGROUP INC (C), NORTHERN TR CORP (NTRS) and BANK AMERICA CORP (BAC). The fund showed a lot of confidence in some stocks as they added substantially to STELLAR BANCORP INC, VISA INC (V) and PIPER SANDLER COMPANIES (PIPR).
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 5.3% in the last quarter. In trailing 12 months, it's portfolio return was 16.95%.
New Buys
| Ticker | $ Bought |
|---|---|
| citigroup inc | 38,304,000 |
| northern tr corp | 23,456,200 |
| bank america corp | 9,464,000 |
| blue ridge bankshares inc va | 5,439,230 |
| jefferson capital inc | 4,612,500 |
| veritex hldgs inc | 3,397,880 |
| paypal hldgs inc | 3,344,400 |
| smartfinancial inc | 1,557,390 |
New stocks bought by North Reef Capital Management LP
Additions
| Ticker | % Inc. |
|---|---|
| stellar bancorp inc | 7,600 |
| visa inc | 180 |
| piper sandler companies | 109 |
| atlantic un bankshares corp | 61.72 |
| synovus finl corp | 49.11 |
| gcm grosvenor inc | 44.51 |
| first westn finl inc | 43.92 |
| first fndtn inc | 35.76 |
Additions to existing portfolio by North Reef Capital Management LP
Reductions
| Ticker | % Reduced |
|---|---|
| guaranty bancshares inc tex | -83.36 |
| shift4 pmts inc | -68.75 |
| eagle bancorp inc md | -62.54 |
| schwab charles corp | -45.45 |
| wells fargo co new | -37.89 |
| truist finl corp | -35.00 |
| ameris bancorp | -24.74 |
| marqeta inc | -23.98 |
North Reef Capital Management LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| avidxchange holdings inc | -73,564,000 |
| global pmts inc | -197,279,000 |
| united cmnty bks blairsvle g | -17,581,200 |
| pacific premier bancorp | -12,916,800 |
| keycorp | -9,594,000 |
| priority technology hldgs in | -2,385,250 |
| central pac finl corp | -8,070,950 |
| repay hldgs corp | -1,563,400 |
North Reef Capital Management LP got rid off the above stocks
Sector Distribution
North Reef Capital Management LP has about 85.3% of it's holdings in Financial Services sector.
| Sector | % |
|---|---|
| Financial Services | 85.3 |
| Technology | 11.7 |
| Others | 2.5 |
Market Cap. Distribution
North Reef Capital Management LP has about 11.9% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MID-CAP | 79.8 |
| LARGE-CAP | 9.3 |
| SMALL-CAP | 4.5 |
| MEGA-CAP | 2.6 |
| UNALLOCATED | 2.5 |
Stocks belong to which Index?
About 71.3% of the stocks held by North Reef Capital Management LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| RUSSELL 2000 | 44.1 |
| Others | 28.8 |
| S&P 500 | 27.2 |
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 40 stocks in it's portfolio. About 70.8% of the portfolio is in top 10 stocks. ACIW proved to be the most loss making stock for the portfolio. FHN was the most profitable stock for North Reef Capital Management LP last quarter.
Last Reported on: 14 Aug, 2025| Ticker | Namesorted descending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| FHN | first horizon corporation | 11.82 | 12,575,000 | 266,590,000 | added | 1.62 | ||
Historical Trend of FIRST HORIZON CORPORATION Position Held By North Reef Capital Management LPWhat % of Portfolio is FHN?:Number of FHN shares held:Change in No. of Shares Held: | ||||||||
| CMA | comerica inc | 11.04 | 4,175,000 | 249,039,000 | added | 1.04 | ||
| SNV | synovus finl corp | 8.20 | 3,575,000 | 185,006,000 | added | 49.11 | ||
| SBCF | seacoast bkg corp fla | 7.04 | 5,750,000 | 158,815,000 | added | 10.07 | ||
| TCBI | texas cap bancshares inc | 6.99 | 1,984,980 | 157,607,000 | reduced | -6.02 | ||
| PNFP | pinnacle finl partners inc | 5.70 | 1,165,000 | 128,628,000 | reduced | -1.69 | ||
| ABCB | ameris bancorp | 5.42 | 1,890,020 | 122,284,000 | reduced | -24.74 | ||
| WFC | wells fargo co new | 5.24 | 1,475,000 | 118,177,000 | reduced | -37.89 | ||
| ACIW | aci worldwide inc | 5.17 | 2,540,000 | 116,611,000 | added | 0.68 | ||
| MKTX | marketaxess hldgs inc | 4.16 | 420,000 | 93,802,800 | added | 16.67 | ||
| AUB | atlantic un bankshares corp | 3.81 | 2,750,000 | 86,020,000 | added | 61.72 | ||
| QTWO | q2 hldgs inc | 3.49 | 840,520 | 78,664,300 | added | 1.88 | ||
| PIPR | piper sandler companies | 2.83 | 230,000 | 63,926,200 | added | 109 | ||
| V | visa inc | 2.20 | 140,000 | 49,707,000 | added | 180 | ||
| stellar bancorp inc | 1.91 | 1,540,000 | 43,089,200 | added | 7,600 | |||
| FFWM | first fndtn inc | 1.72 | 7,615,000 | 38,836,500 | added | 35.76 | ||
| C | citigroup inc | 1.70 | 450,000 | 38,304,000 | new | |||
| MQ | marqeta inc | 1.68 | 6,500,000 | 37,895,000 | reduced | -23.98 | ||
| HTH | hilltop holdings inc | 1.59 | 1,185,000 | 35,964,800 | reduced | -0.42 | ||
| NTRS | northern tr corp | 1.04 | 185,000 | 23,456,200 | new | |||
