Latest North Reef Capital Management LP Stock Portfolio
North Reef Capital Management LP Performance:
2024 Q3: 8.09%YTD: 10.98%2023: 7.79%
Performance for 2024 Q3 is 8.09%, and YTD is 10.98%, and 2023 is 7.79%.
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, 2024.
The top stock holdings of North Reef Capital Management LP are CMA, SNV, FHN. The fund has invested 9.8% of it's portfolio in COMERICA INC and 9.1% of portfolio in SYNOVUS FINL CORP.
The fund managers got completely rid off TRUIST FINL CORP (TFC), FIRST BANCSHARES INC MS (FBMS) and BANK AMERICA CORP (BAC) stocks. They significantly reduced their stock positions in FIRSTCASH HOLDINGS INC (FCFS), CADENCE BANK (CADE) and VERITEX HLDGS INC (VBTX). North Reef Capital Management LP opened new stock positions in CME GROUP INC (CME), CITIGROUP INC (C) and FLYWIRE CORPORATION (FLYW). The fund showed a lot of confidence in some stocks as they added substantially to AMERANT BANCORP INC (AMTB), SCHWAB CHARLES CORP (SCHW) and GLOBAL PMTS INC (GPN).
The top stock holdings of North Reef Capital Management LP are CMA, SNV, FHN. The fund has invested 9.8% of it's portfolio in COMERICA INC and 9.1% of portfolio in SYNOVUS FINL CORP.
The fund managers got completely rid off TRUIST FINL CORP (TFC), FIRST BANCSHARES INC MS (FBMS) and BANK AMERICA CORP (BAC) stocks. They significantly reduced their stock positions in FIRSTCASH HOLDINGS INC (FCFS), CADENCE BANK (CADE) and VERITEX HLDGS INC (VBTX). North Reef Capital Management LP opened new stock positions in CME GROUP INC (CME), CITIGROUP INC (C) and FLYWIRE CORPORATION (FLYW). The fund showed a lot of confidence in some stocks as they added substantially to AMERANT BANCORP INC (AMTB), SCHWAB CHARLES CORP (SCHW) and GLOBAL PMTS INC (GPN).
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 8.09% in the last quarter. In trailing 12 months, it's portfolio return was 32.44%.
New Buys
| Ticker | $ Bought |
|---|---|
| cme group inc | 49,646,200 |
| citigroup inc | 25,040,000 |
| flywire corporation | 21,729,900 |
| renasant corp | 20,637,200 |
| first fndtn inc | 9,683,610 |
| americas car-mart inc | 8,820,260 |
| eagle bancorp inc md | 6,209,500 |
| central pac finl corp | 1,526,110 |
New stocks bought by North Reef Capital Management LP
Additions
| Ticker | % Inc. |
|---|---|
| amerant bancorp inc | 243 |
| schwab charles corp | 207 |
| global pmts inc | 168 |
| alkami technology inc | 145 |
| bank marin bancorp | 115 |
| comerica inc | 72.84 |
| marqeta inc | 28.93 |
| avidxchange holdings inc | 23.81 |
Additions to existing portfolio by North Reef Capital Management LP
Reductions
| Ticker | % Reduced |
|---|---|
| firstcash holdings inc | -75.01 |
| cadence bank | -72.6 |
| veritex hldgs inc | -67.39 |
| wells fargo co new | -60.45 |
| international bancshares cor | -57.32 |
| cboe global mkts inc | -56.07 |
| hilltop holdings inc | -54.42 |
| repay hldgs corp | -42.86 |
North Reef Capital Management LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| truist finl corp | -89,355,000 |
| first bancshares inc ms | -35,294,600 |
| crossfirst bankshares inc | -11,913,600 |
| bank america corp | -20,879,200 |
| live oak bancshares inc | -10,518,400 |
| stifel finl corp | -18,514,000 |
| bank new york mellon corp | -6,587,900 |
| german amern bancorp inc | -706,929 |
North Reef Capital Management LP got rid off the above stocks
Sector Distribution
North Reef Capital Management LP has about 74.3% of it's holdings in Financial Services sector.
| Sector | % |
|---|---|
| Financial Services | 74.3 |
| Technology | 15.7 |
| Others | 5.6 |
| Industrials | 4 |
Market Cap. Distribution
North Reef Capital Management LP has about 13.1% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MID-CAP | 69.8 |
| LARGE-CAP | 13.1 |
| SMALL-CAP | 11 |
| UNALLOCATED | 5.6 |
Stocks belong to which Index?
About 69.7% of the stocks held by North Reef Capital Management LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| RUSSELL 2000 | 44.9 |
| Others | 30.2 |
| S&P 500 | 24.8 |
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 48 stocks in it's portfolio. About 63.6% of the portfolio is in top 10 stocks. AVDX proved to be the most loss making stock for the portfolio. ABCB was the most profitable stock for North Reef Capital Management LP last quarter.
Last Reported on: 14 Nov, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ABCB | ameris bancorp | 6.77 | 2,325,000 | 145,057,000 | reduced | -0.03 | ||
| ACIW | aci worldwide inc | 4.30 | 1,810,000 | 92,129,000 | reduced | -16.91 | ||
| ALKT | alkami technology inc | 0.29 | 200,000 | 6,308,000 | added | 145 | ||
| AMTB | amerant bancorp inc | 0.22 | 225,000 | 4,808,250 | added | 243 | ||
| AVDX | avidxchange holdings inc | 2.95 | 7,800,000 | 63,258,000 | added | 23.81 | ||
| BAC | bank america corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BILL | bill holdings inc | 0.71 | 290,000 | 15,300,400 | reduced | -4.92 | ||
| BK | bank new york mellon corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BMRC | bank marin bancorp | 0.30 | 322,936 | 6,487,780 | added | 115 | ||
| BOH | bank hawaii corp | 1.66 | 564,980 | 35,463,800 | added | 7.62 | ||
| BSIG | brightsphere invt group inc | 1.28 | 1,079,320 | 27,414,900 | reduced | -2.98 | ||
| C | citigroup inc | 1.17 | 400,000 | 25,040,000 | new | |||
| CADE | cadence bank | 0.59 | 400,000 | 12,740,000 | reduced | -72.6 | ||
| CBSH | commerce bancshares inc | 0.93 | 335,131 | 19,906,800 | reduced | 0.00 | ||
| CFB | crossfirst bankshares inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CMA | comerica inc | 9.78 | 3,500,000 | 209,685,000 | added | 72.84 | ||
| CME | cme group inc | 2.32 | 225,000 | 49,646,200 | new | |||
| CPF | central pac finl corp | 0.07 | 51,715 | 1,526,110 | new | |||
| CRMT | americas car-mart inc | 0.41 | 210,407 | 8,820,260 | new | |||
| EGBN | eagle bancorp inc md | 0.29 | 275,000 | 6,209,500 | new | |||