PU

Petiole USA ltd

Sector-focusedContrarianQuality / disciplined sizing

Total reported value

$143.0M

Reporting period: 2026-03-31 · Number of holdings: 32

Petiole USA ltd disclosed 32 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $143.0M and a quarterly turnover rate of 23.4%.

Personality snowflake

Concentration
15.54
Portfolio Stability
23.41
Momentum/Contrarian
0
Sector conviction
100
Diversification
64
Sizing Uniformity
94.99

Recent moves

  • Trim FCNCA

    -60.9%　-$8.7M

  • Add UMBF

    +76.7%　$2.0M

  • Add CARE

    -1.4%　$1.3M

  • Add CBAN

    -1.7%　$835.2K

  • Add WBS

    0.0%　$660.2K

  • Add FXNC

    -1.1%　$429.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1CBANColony BankcorpStock-Other6.35%+1.00%-1.73%
2CARECarter Bankshares INCStock-Other6.22%+1.29%-1.42%
3FXNCFirst National Corp/vaStock-Other5.80%+0.70%-1.12%
4CBKCommercial Bancgroup INCStock-Other5.29%+0.31%-6.88%
5WBSWebster Financial CORPStock-Financials4.95%+0.79%—
6RNSTRenasant CORPStock-Other4.94%+0.45%-0.76%
7BANCBanc Of California INCStock-Other4.88%-0.09%—
8MPBMid Penn Bancorp INCStock-Other4.37%+0.41%-1.32%
9ORRFOrrstown Finl Services INCStock-Other4.33%+0.27%-2.94%
10WALWestern Alliance BancorpStock-Financials3.89%-0.53%-3.21%
11HWCHancock Whitney CORPStock-Financials3.83%+0.27%—
12CCNECnb Financial Corp/paStock-Other3.83%+0.62%—
13UMBFUmb Financial CORPStock-Financials3.36%+1.56%+76.69%
14FCNCAFirst Citizens Bcshs -cl AStock-Financials3.18%-5.41%-60.89%
15WTFCWintrust Financial CORPStock-Financials2.89%+0.19%—
16FRMEFirst Merchants CORPStock-Other2.55%+0.27%—
17SBFGSb Financial Group INCStock-Other2.48%+0.04%—
18PNFPPinnacle Financial PartnersStock-Financials2.43%+2.43%NEW
19CFGCitizens Financial GroupStock-Financials2.39%+0.05%-7.61%
20BCALCalifornia BancorpStock-Other2.38%+0.01%-1.69%
21FRSTPrimis Financial CORPStock-Other2.14%+0.06%—
22SHBIShore Bancshares INCStock-Other1.93%+0.24%—
23HBANHuntington Bancshares INCStock-Financials1.85%-0.18%-6.58%
24EQBKEquity Bancshares INC - Cl AStock-Other1.78%+0.12%—
25FNBFnb CORPStock-Financials1.76%-0.03%-6.83%
26FRBAFirst Bank/hamilton NjStock-Other1.73%+0.08%—
27FNWBFirst Northwest BancorpStock-Other1.57%-0.03%-1.83%
28COLBColumbia Banking System INCStock-Financials1.48%-0.02%-7.00%
29SSBSouthstate Bank CORPStock-Financials1.42%-0.02%-6.77%
30EWBCEast West Bancorp INCStock-Financials1.39%+1.39%NEW
31BANRBanner CorporationStock-Other1.32%-0.03%-6.61%
32HAFCHanmi Financial CorporationStock-Other1.29%+0.03%-2.51%

Holding changes this quarter

Petiole USA ltd's most significant position changes for 2026-03-31: Sold out: Synovus Financial CORP (SYU1); New buy: Pinnacle Financial Partners (PNFP); Sold out: Pinnacle Financial Partners, Inc. (PNFP); Sold out: Zions Bancorp NA (ZION); New buy: East West Bancorp INC (EWBC).

Position changes disclosed by Petiole USA ltd for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1UMBFUmb Financial CORP+1.6%+76.69%Add
2CARECarter Bankshares INC+1.3%-1.42%Trim
3CBANColony Bankcorp+1%-1.73%Trim
4WBSWebster Financial CORP+0.8%—Unchanged
5FXNCFirst National Corp/va+0.7%-1.12%Trim
6CCNECnb Financial Corp/pa+0.6%—Unchanged
7RNSTRenasant CORP+0.5%-0.76%Trim
8MPBMid Penn Bancorp INC+0.4%-1.32%Trim
9CBKCommercial Bancgroup INC+0.3%-6.88%Trim
10FRMEFirst Merchants CORP+0.3%—Unchanged
11ORRFOrrstown Finl Services INC+0.3%-2.94%Trim
12HWCHancock Whitney CORP+0.3%—Unchanged
13SHBIShore Bancshares INC+0.2%—Unchanged
14WTFCWintrust Financial CORP+0.2%—Unchanged
15EQBKEquity Bancshares INC - Cl A+0.1%—Unchanged
16FRBAFirst Bank/hamilton Nj+0.1%—Unchanged
17FRSTPrimis Financial CORP+0.1%—Unchanged
18CFGCitizens Financial Group+0.1%-7.61%Trim
19SBFGSb Financial Group INC0%—Unchanged
20HAFCHanmi Financial Corporation0%-2.51%Trim
21BCALCalifornia Bancorp0%-1.69%Trim
22COLBColumbia Banking System INC0%-7.00%Trim
23SSBSouthstate Bank CORP0%-6.77%Trim
24FNBFnb CORP0%-6.83%Trim
25FNWBFirst Northwest Bancorp0%-1.83%Trim
26BANRBanner Corporation0%-6.61%Trim
27BANCBanc Of California INC-0.1%—Unchanged
28HBANHuntington Bancshares INC-0.2%-6.58%Trim
29WALWestern Alliance Bancorp-0.5%-3.21%Trim
30FCNCAFirst Citizens Bcshs -cl A-5.4%-60.89%Trim
31SYU1Synovus Financial CORP—EXITSold out
32PNFPPinnacle Financial Partners—NEWNew buy
33PNFPPinnacle Financial Partners, Inc.—EXITSold out
34ZIONZions Bancorp NA—EXITSold out
35EWBCEast West Bancorp INC—NEWNew buy

FAQ

What is Petiole USA ltd and what type of investor is it?
Petiole USA ltd is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $143.0M, spread across 32 disclosed positions.
What are Petiole USA ltd's largest equity positions?
Based on the latest 13F filing, Petiole USA ltd's top holdings by market value are: 1. Colony Bankcorp (CBAN) — $9.1M (6.3%) 2. Carter Bankshares INC (CARE) — $8.9M (6.2%) 3. First National Corp/va (FXNC) — $8.3M (5.8%) 4. Commercial Bancgroup INC (CBK) — $7.6M (5.3%) 5. Webster Financial CORP (WBS) — $7.1M (5.0%)
What changes did Petiole USA ltd make in its most recent portfolio filing?
In the latest reported quarter, Petiole USA ltd made 24 notable position adjustments: 2 new positions were initiated, 1 existing holdings were added to, 18 positions were partially reduced, and 3 were completely exited. The largest of these moves: Sold out: Synovus Financial CORP (SYU1); New buy: Pinnacle Financial Partners (PNFP); Sold out: Pinnacle Financial Partners, Inc. (PNFP); Sold out: Zions Bancorp NA (ZION); New buy: East West Bancorp INC (EWBC)
What sectors does Petiole USA ltd focus on?
Petiole USA ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 100.0%