North Reef Capital Management LP Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$2.3T

Holdings

40

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (40 positions)

#StockSharesValue% PortfolioType
1
FT2FIRST HORIZON CORPORATION
12,575,000$266.6B11.82%
2
CMACOMERICA INC
4,175,000$249.0B11.04%
3
SYU1SYNOVUS FINL CORP
3,575,000$185.0B8.20%
4
SBG1SEACOAST BKG CORP FLA
5,750,000$158.8B7.04%
5
TCBITEXAS CAP BANCSHARES INC
1,984,977$157.6B6.99%
6
PNFPPINNACLE FINL PARTNERS INC
1,165,000$128.6B5.70%
7
ABCBAMERIS BANCORP
1,890,018$122.3B5.42%
8
WFCWELLS FARGO CO NEW
1,475,000$118.2B5.24%
9
TSAACI WORLDWIDE INC
2,540,000$116.6B5.17%
10
MKTXMARKETAXESS HLDGS INC
420,000$93.8B4.16%
11
AUBATLANTIC UN BANKSHARES CORP
2,750,000$86.0B3.81%
12
QTWOQ2 HLDGS INC
840,520$78.7B3.49%
13
PIPRPIPER SANDLER COMPANIES
230,000$63.9B2.83%
14
VVISA INC
140,000$49.7B2.20%
15
STELSTELLAR BANCORP INC
1,540,000$43.1B1.91%
16
FFWMFIRST FNDTN INC
7,615,000$38.8B1.72%
17
TRVCCITIGROUP INC
450,000$38.3B1.70%
18
MQMARQETA INC
6,500,000$37.9B1.68%
19
HTHHILLTOP HOLDINGS INC
1,185,000$36.0B1.59%
20
NTRSNORTHERN TR CORP
185,000$23.5B1.04%
21
AAMIACADIAN ASSET MANAGEMENT INC
480,000$16.9B0.75%
22
TFCTRUIST FINL CORP
325,000$14.0B0.62%
23
BMRCBANK MARIN BANCORP
600,000$13.7B0.61%
24
SCHWSCHWAB CHARLES CORP
150,000$13.7B0.61%
25
FLYWFLYWIRE CORPORATION
1,100,000$12.9B0.57%
26
CRMTAMERICAS CAR-MART INC
226,045$12.7B0.56%
27
MYFWFIRST WESTN FINL INC
545,722$12.3B0.55%
28
VYXNCR VOYIX CORPORATION
900,001$10.6B0.47%
29
BACBANK AMERICA CORP
200,000$9.5B0.42%
30
NPBNORTHPOINTE BANCSHARES INC.
601,344$8.2B0.37%
31
EGBNEAGLE BANCORP INC MD
400,000$7.8B0.35%
32
GCMGGCM GROSVENOR INC
530,196$6.1B0.27%
33
BRBSBLUE RIDGE BANKSHARES INC VA
1,515,107$5.4B0.24%
34
JCAPJEFFERSON CAPITAL INC
250,000$4.6B0.20%
35
ALKTALKAMI TECHNOLOGY INC
139,413$4.2B0.19%
36
VBTXVERITEX HLDGS INC
130,187$3.4B0.15%
37
PYPLPAYPAL HLDGS INC
45,000$3.3B0.15%
38
FOURSHIFT4 PMTS INC
25,000$2.5B0.11%
39
SMBKSMARTFINANCIAL INC
46,104$1.6B0.07%
40
GNTYUSDGUARANTY BANCSHARES INC TEX
10,000$424.4M0.02%