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CIK: 0001867831
Total reported value
$2.6B
$2.6B
43 檔
42.2%
According to the latest 13F quarterly dataset, North Reef Capital Management LP managed an equity portfolio of $2.6B at the end of Q3 2025, spanning 43 distinct U.S. exchange-listed positions.
North Reef Capital Management LP executed strategic sector rebalancing during Q3 2025, establishing 19 new positions while fully exiting 22 holdings and trimming 12 positions.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FHN | First Horizon CORP | Stock-Financials | 13.08% | -2.27% | -1.63% | |
| 2 | CADE | Cadence Bank | Stock-Other | 12.39% | — | — | |
| 3 | CMA | Comerica Inc | Stock-Other | 11.44% | — | -14.49% | |
| 4 | MKTX | Marketaxess Holdings Inc | Stock-Financials | 7.43% | +4.12% | +116.99% | |
| 5 | SBCF | Seacoast Banking Corp/fl | Stock-Other | 7.11% | +0.02% | -13.13% | |
| 6 | ABCB | Ameris Bancorp | Stock-Financials | 6.79% | +0.27% | +4.82% | |
| 7 | AUB | Atlantic Union Bankshares Co | Stock-Financials | 6.13% | +0.51% | +35.04% | |
| 8 | QTWO | Q2 Holdings Inc | Stock-Tech | 5.72% | -1.01% | EXIT | |
| 9 | ACIW | Aci Worldwide Inc | Stock-Tech | 4.40% | +1.90% | -29.77% | |
| 10 | STEL | Stellar Bancorp Inc | Stock-Other | 2.60% | — | +18.83% | |
| 11 | EGBN | Eagle Bancorp Inc | Stock-Other | 2.49% | -0.45% | +558.23% | |
| 12 | 62C | Piper Sandler Cos | Stock-Other | 2.46% | — | -34.04% | |
| 13 | TCBI | Texas Capital Bancshares Inc | Stock-Financials | 2.19% | — | -72.04% | |
| 14 | FFWM | First Foundation Inc | Stock-Other | 1.80% | -1.20% | EXIT | |
| 15 | V | Visa Inc-class A Shares | Stock-Financials | 1.68% | -3.74% | EXIT | |
| 16 | MIAX | Miami International Holdings | Stock-Other | 1.37% | -1.00% | — | |
| 17 | FIBK | First Interstate Bancsys-a | Stock-Other | 1.27% | -0.37% | EXIT | |
| 18 | NTRS | Northern Trust CORP | Stock-Financials | 1.20% | +0.87% | +2.70% | |
| 19 | AAMI | Acadian Asset Management Inc | Stock-Other | 1.15% | -0.17% | +6.55% | |
| 20 | MQ | Marqeta Inc-a | Stock-Other | 1.15% | +0.19% | -28.46% | |
| 21 | MYFW | First Western Financial Inc | Stock-Other | 0.67% | +0.30% | +13.21% | |
| 22 | VYX | Ncr Voyix CORP | Stock-Tech | 0.49% | -0.18% | EXIT | |
| 23 | FRST | Primis Financial CORP | Stock-Other | 0.48% | +0.25% | — | |
| 24 | FLYW | Flywire Corp-voting | Stock-Other | 0.41% | -0.14% | -40.91% | |
| 25 | FIGR | Figure Technology Solut-cl A | Stock-Other | 0.41% | -0.14% | EXIT | |
| 26 | FOUR | Shift4 Payments Inc-class A | Stock-Tech | 0.37% | — | +312.22% | |
| 27 | CRMT | America's Car-mart Inc | Stock-Other | 0.37% | -0.11% | EXIT | |
| 28 | GCMG | Gcm Grosvenor Inc - Class A | Stock-Other | 0.30% | +0.09% | -0.72% | |
| 29 | GEMI | Gemini Space Station Inc-a | Stock-Other | 0.27% | +0.01% | — | |
| 30 | JCAP | Jefferson Capital Inc | Stock-Other | 0.24% | +0.05% | +18.22% | |
| 31 | ✓ | Stock-Other | 0.24% | — | — | ||
| 32 | NPB | Northpointe Bancshares Inc | Stock-Other | 0.23% | -0.07% | -52.81% | |
| 33 | COSO | Coastal South Bancshares Inc | Stock-Other | 0.23% | +0.11% | — | |
| 34 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 0.22% | — | — | |
| 35 | TW | Tradeweb Markets Inc-class A | Stock-Financials | 0.21% | -1.36% | EXIT | |
| 36 | NEWT | Newtekone Inc | Stock-Other | 0.21% | +0.01% | — | |
| 37 | AVBH | Avidbank Holdings Inc | Stock-Other | 0.17% | -0.12% | EXIT | |
| 38 | ALKT | Alkami Technology Inc | Stock-Other | 0.15% | +2.28% | -8.47% | |
| 39 | CME | Cme Group Inc | Stock-Financials | 0.14% | — | — | |
| 40 | SMBK | Smartfinancial Inc | Stock-Other | 0.14% | +0.07% | +83.43% | |
| 41 | COLB | Columbia Banking System Inc | Stock-Financials | 0.12% | — | — | |
| 42 | MRX | Marex Group plc | Stock-Other | 0.08% | — | — | |
| 43 | CIVB | Civista Bancshares Inc | Stock-Other | 0.03% | — | — |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MKTX | Marketaxess Holdings Inc | +4.1% | +116.99% | Add |
| 2 | AUB | Atlantic Union Bankshares Co | +3.8% | +35.04% | Add |
| 3 | QTWO | Q2 Holdings Inc | +2.9% | +101.07% | Add |
| 4 | FHN | First Horizon CORP | +2.7% | -1.63% | Trim |
| 5 | STEL | Stellar Bancorp Inc | +2.6% | +18.83% | Add |
| 6 | EGBN | Eagle Bancorp Inc | +1.5% | +558.23% | Add |
| 7 | SBCF | Seacoast Banking Corp/fl | +1.3% | -13.13% | Trim |
| 8 | 62C | Piper Sandler Cos | +1.3% | -34.04% | Add |
| 9 | V | Visa Inc-class A Shares | +0.9% | -25.00% | Add |
| 10 | CMA | Comerica Inc | +0.9% | -14.49% | Trim |
| 11 | AAMI | Acadian Asset Management Inc | +0.6% | +6.55% | Add |
| 12 | FFWM | First Foundation Inc | +0.5% | -9.39% | Add |
| 13 | ABCB | Ameris Bancorp | +0.5% | +4.82% | Trim |
| 14 | MYFW | First Western Financial Inc | +0.4% | +13.21% | Add |
| 15 | VYX | Ncr Voyix CORP | +0.1% | -6.62% | Trim |
| 16 | GCMG | Gcm Grosvenor Inc - Class A | +0.1% | -0.72% | Add |
| 17 | FOUR | Shift4 Payments Inc-class A | +0.1% | +312.22% | Add |
| 18 | ALKT | Alkami Technology Inc | 0% | -8.47% | Trim |
| 19 | FLYW | Flywire Corp-voting | -0.1% | -40.91% | Trim |
| 20 | NPB | Northpointe Bancshares Inc | -0.2% | -52.81% | Trim |
| 21 | CRMT | America's Car-mart Inc | -0.2% | +19.53% | Trim |
| 22 | MQ | Marqeta Inc-a | -0.4% | -28.46% | Trim |
| 23 | ACIW | Aci Worldwide Inc | -1.6% | -29.77% | Trim |
| 24 | TCBI | Texas Capital Bancshares Inc | -4.6% | -72.04% | Trim |
| 25 | CADE | Cadence Bank | — | NEW | New buy |
| 26 | GPN | Global Payments Inc | — | EXIT | Sold out |
| 27 | WFC | Wells Fargo & Co | — | EXIT | Sold out |
| 28 | PNW | Pinnacle West Capital Corporation | — | EXIT | Sold out |
| 29 | SYU1 | Synovus Financial CORP | — | EXIT | Sold out |
| 30 | AVDX | Avidxchange Holdings Inc | — | EXIT | Sold out |
| 31 | HTH | Hilltop Holdings Inc | — | EXIT | Sold out |
| 32 | MIAX | Miami International Holdings | — | NEW | New buy |
| 33 | FIBK | First Interstate Bancsys-a | — | NEW | New buy |
| 34 | NTRS | Northern Trust CORP | — | NEW | New buy |
| 35 | SCHW | Schwab (charles) CORP | — | EXIT | Sold out |
| 36 | TFC | Truist Financial CORP | — | EXIT | Sold out |
| 37 | UCB | United Community Banks/ga | — | EXIT | Sold out |
| 38 | BMRC | Bank Of Marin Bancorp/ca | — | EXIT | Sold out |
| 39 | LF2 | Pacific Premier Bancorp Inc | — | EXIT | Sold out |
| 40 | FRST | Primis Financial CORP | — | NEW | New buy |
| 41 | KEY | Keycorp | — | EXIT | Sold out |
| 42 | FIGR | Figure Technology Solut-cl A | — | NEW | New buy |
| 43 | AMG | Affiliated Managers Group | — | EXIT | Sold out |
| 44 | CPF | Central Pacific Financial Co | — | EXIT | Sold out |
| 45 | GEMI | Gemini Space Station Inc-a | — | NEW | New buy |
| 46 | BUSE | First Busey CORP | — | EXIT | Sold out |
| 47 | JCAP | Jefferson Capital Inc | — | NEW | New buy |
| 48 | ✓ | — | NEW | New buy | |
| 49 | COSO | Coastal South Bancshares Inc | — | NEW | New buy |
| 50 | KRE | Ss Spdr S&p Regional Bank | — | NEW | New buy |
According to official SEC Form 13F filings, North Reef Capital Management LP reported a total U.S. public equity portfolio value of $2.6B across 43 disclosed positions in Q3 2025.
Expert Analysis & Guides for Tracking Wall Street Smart Money Movements
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
In terms of portfolio concentration, the top 5 core holdings (including FHN, CADE, CMA) accounted for 42.2% of total reported equity market value during Q3 2025.
Top New Position Initiated
CADE
市值: $264.8M
Top Position Liquidated / Trimmed
GPN
前期市值: $197.3M
During Q3 2025, North Reef Capital Management LP's top holdings by market value included FHN (13.1%)、CADE (12.4%)、CMA (11.4%). The largest single position, FHN, represented 13.1% of total portfolio value.
In Q3 2025, North Reef Capital Management LP made 65 total portfolio adjustments, initiating 19 new buys, adding to 12 positions, trimming 12 holdings, and fully liquidating 22 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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