North Reef Capital Management LP
North Reef Capital Management LP reported 43 US-listed holdings worth $2.61 billion in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Marketaxess Holdings Inc. (14.8%), Ameris Bancorp (9.5%) and First Horizon Corp. (9.0%). Against the quarter before, it opened 4 positions, added to 19, trimmed 18 and sold out of 21.
Reported holdings$2.61B-10.2% on Q1 2026
Positions43-17 on Q1 2026
The largest ten73.0%of its reported holdings
Latest 13FQ2 2026filed 14 August 2026
Added toTrimmed
The 14 largest of its 43 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What it did on the quarter
Opened 4Added 19Held 2Trimmed 18Sold out 21
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 4
- Forbright Inc. FRBT$11.9 million
- Simmons First National Corp. SFNC$3.4 million
- International Bancshares Corp. IBOC$1.9 million
- Bank of the James Finl GP in BOTJ$1.3 million
Added to 19
- Marketaxess Holdings Inc. MKTX+1.5 million shares · +81%
- Pinnacle Financial Partners, Inc. PNFP+630,602 shares · +625%
- Global Payments Inc. GPN+480,000 shares · +480%
- Alkami Technology Inc. ALKT+1.6 million shares · +21%
- Piper Sandler Companies PIPR+385,368 shares · +40%
- ACI Worldwide, Inc. ACIW+387,000 shares · +17%
- Amerant Bancorp Inc. AMTB+695,019 shares · +60%
- Central BanCo Inc CBC+525,000 shares · +13%
and 11 more in the table below
Trimmed 18
- First Horizon Corp. FHN-5.3 million shares · -36%
- Keycorp KEY-4.4 million shares · -35%
- Prosperity Bancshares Inc. PB-977,877 shares · -88%
- Ameris Bancorp ABCB-691,000 shares · -20%
- Seacoast Banking Corp. of Florida SBCF-1.1 million shares · -18%
- Atlantic Union Bankshares Corp. AUB-720,000 shares · -17%
- Miami Intl Hldgs Inc. MIAX-762,920 shares · -75%
- Eagle Bancorp Inc. EGBN-992,490 shares · -37%
and 10 more in the table below
Sold out of 21
- Visa Inc. V$108.8 million last quarter
- Tradeweb Mkts Inc. TW$39.7 million last quarter
- Fidelity National Information Services, Inc. FIS$36.4 million last quarter
- First Fndtn Inc. FFWM$34.9 million last quarter
- Q2 Holdings, Inc. QTWO$29.4 million last quarter
- Banc of California, Inc. BANC$26.4 million last quarter
- FB Financial Corp. FBK$26.0 million last quarter
- Raymond James Financial Inc. RJF$23.0 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Marketaxess Holdings Inc. MKTX | 3,395,000 | $385.3 million | 14.77% | +1,520,000 |
| Ameris Bancorp ABCB | 2,732,243 | $246.6 million | 9.46% | -691,000 |
| First Horizon Corp. FHN | 9,201,256 | $235.9 million | 9.05% | -5,251,952 |
| Keycorp KEY | 8,250,000 | $190.2 million | 7.29% | -4,400,000 |
| Alkami Technology Inc. ALKT | 9,225,000 | $167.2 million | 6.41% | +1,575,000 |
| Seacoast Banking Corp. of Florida SBCF | 4,775,000 | $158.8 million | 6.09% | -1,050,000 |
| Atlantic Union Bankshares Corp. AUB | 3,565,000 | $150.8 million | 5.78% | -720,000 |
| Central BanCo Inc CBC | 4,600,000 | $139.7 million | 5.36% | +525,000 |
| ACI Worldwide, Inc. ACIW | 2,617,000 | $131.6 million | 5.05% | +387,000 |
| Piper Sandler Companies PIPR | 1,350,000 | $97.7 million | 3.74% | +385,368 |
| Pinnacle Financial Partners, Inc. PNFP | 731,537 | $73.8 million | 2.83% | +630,602 |
| Trustmark Corp. TRMK | 1,565,551 | $72.0 million | 2.76% | -387,379 |
| Northern Trust Corp. NTRS | 345,000 | $60.0 million | 2.30% | +46,441 |
| Eagle Bancorp Inc. EGBN | 1,713,535 | $48.6 million | 1.87% | -992,490 |
| Amerant Bancorp Inc. AMTB | 1,855,507 | $47.4 million | 1.82% | +695,019 |
| Flagstar Bank, National Association FLG | 3,050,000 | $45.6 million | 1.75% | +260,000 |
| Global Payments Inc. GPN | 580,000 | $42.1 million | 1.61% | +480,000 |
| Trico Bancshares TCBK | 667,061 | $35.9 million | 1.38% | +293,920 |
| Marqeta Inc MQ | 7,900,000 | $32.1 million | 1.23% | +500,000 |
| First Westn Finl Inc. MYFW | 742,630 | $23.8 million | 0.91% | +26,021 |
| I3 Verticals Inc. IIIV | 1,075,000 | $23.0 million | 0.88% | +50,000 |
| Wealthfront Corp. WLTH | 2,444,253 | $21.9 million | 0.84% | -441,004 |
| Primis Financial Corp. Com FRST | 1,226,283 | $20.1 million | 0.77% | +91,002 |
| National Bank Holdings Corp. NBHC | 437,241 | $19.4 million | 0.74% | +116,889 |
| Banner Corp. BANR | 260,156 | $17.3 million | 0.66% | +64,707 |
| Charles Schwab Corp. SCHW | 175,000 | $16.1 million | 0.62% | -175,000 |
| Paymentus Holdings Inc. PAY | 600,000 | $14.5 million | 0.56% | -134,551 |
| Forbright Inc. FRBT | 649,999 | $11.9 million | 0.46% | new |
| Jefferson Capital Inc. JCAP | 530,598 | $10.3 million | 0.40% | -1,553 |
| CoastalSouth Bancshares, Inc. COSO | 370,982 | $10.0 million | 0.38% | +50,000 |
| Prosperity Bancshares Inc. PB | 130,000 | $9.5 million | 0.36% | -977,877 |
| Miami Intl Hldgs Inc. MIAX | 251,354 | $9.3 million | 0.36% | -762,920 |
| Flywire Corporation FLYW | 450,000 | $7.9 million | 0.30% | -650,000 |
| GCM Grosvenor Inc. GCMG | 630,180 | $7.8 million | 0.30% | +1 |
| Smartfinancial Inc. SMBK | 137,089 | $6.4 million | 0.25% | +1 |
| Acadian Asset Management Inc. AAMI | 86,596 | $6.2 million | 0.24% | -133,643 |
| Simmons First National Corp. SFNC | 150,000 | $3.4 million | 0.13% | new |
| Newtekone Inc. NEWT | 155,681 | $2.3 million | 0.09% | -43,273 |
| Northpointe Bancshares Inc. NPB | 100,000 | $1.9 million | 0.07% | -132,396 |
| International Bancshares Corp. IBOC | 25,000 | $1.9 million | 0.07% | new |
| Bank of the James Finl GP in BOTJ | 50,132 | $1.3 million | 0.05% | new |
| Gemini Space Sta Inc. GEMI | 100,001 | $426,004 | 0.02% | +50,263 |
| Uwm Holdings Corporation UWMC | 100,000 | $229,000 | 0.01% | -253,429 |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.