Petiole USA ltd
Petiole USA ltd reported 31 US-listed holdings worth $139.1 million in its 13F for the quarter ended 30 June 2026, filed 13 August 2026. Its largest: Commercial Bancgroup Inc. (6.8%), First Natl Corp. (6.6%) and Colony Bankcorp Inc. (6.5%). Against the quarter before, it opened 0 positions, added to 0, trimmed 19 and sold out of 1.
The 14 largest of its 31 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 its reported holdings returned
Held through each quarter, the holdings it reported returned +34.3% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Trimmed 19
- Carter Bankshares Inc. CARE-202,151 shares · -53%
- SB Finl Group Inc. SBFG-142,381 shares · -84%
- Pinnacle Financial Partners, Inc. PNFP-14,711 shares · -36%
- Citizens Financial Group Inc. CFG-19,837 shares · -35%
- Huntington Bancshares Inc. HBAN-62,900 shares · -37%
- Western Alliance Bancorporation WAL-12,665 shares · -16%
- FNB Corp. FNB-50,901 shares · -34%
- Columbia Banking System, Inc. COLB-25,338 shares · -33%
and 11 more in the table below
Sold out of 1
- Webster Finl Corp. WBS$7.1 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Commercial Bancgroup Inc. CBK | 291.0K | $9.4 million | 6.75% | no change |
| First Natl Corp. FXNC | 305.3K | $9.2 million | 6.59% | -2.6K |
| Colony Bankcorp Inc. CBAN | 448.6K | $9.0 million | 6.48% | -6.2K |
| Renasant Corp. RNST | 194.2K | $8.3 million | 5.94% | -1.1K |
| Banc of California, Inc. BANC | 397.2K | $8.1 million | 5.83% | +1 |
| Orrstown Finl Svcs Inc. ORRF | 167.8K | $6.8 million | 4.92% | -4.0K |
| Mid Penn Bancorp Inc. MPB | 192.4K | $6.7 million | 4.82% | -2.1K |
| Hancock Whitney Corp. HWC | 86.2K | $6.4 million | 4.63% | no change |
| CNB Finl Corp. Pa CCNE | 189.2K | $6.4 million | 4.58% | no change |
| Carter Bankshares Inc. CARE | 179.2K | $6.1 million | 4.38% | -202.2K |
| UMB Financial Corp. UMBF | 42.6K | $6.1 million | 4.37% | no change |
| Western Alliance Bancorporation WAL | 65.8K | $5.4 million | 3.89% | -12.7K |
| First Citizens Bancshares Inc. FCNCA | 2.4K | $5.0 million | 3.61% | no change |
| Wintrust Financial Corp. WTFC | 29.8K | $4.8 million | 3.44% | no change |
| First Merchants Corp. FRME | 94.0K | $4.1 million | 2.95% | no change |
| California Bancorp BCAL | 189.8K | $4.0 million | 2.84% | -2.5K |
| Primis Financial Corp. Com FRST | 230.2K | $3.8 million | 2.71% | no change |
| Shore Bancshares Inc. SHBI | 147.5K | $3.4 million | 2.43% | no change |
| Equity Bancshares Inc. EQBK | 57.4K | $2.8 million | 2.02% | no change |
| First Northwest Bancorp FNWB | 254.2K | $2.7 million | 1.97% | -3.7K |
| First Bank/Hamilton NJ FRBA | 154.7K | $2.7 million | 1.97% | no change |
| Citizens Financial Group Inc. CFG | 37.2K | $2.6 million | 1.87% | -19.8K |
| Pinnacle Financial Partners, Inc. PNFP | 25.7K | $2.6 million | 1.86% | -14.7K |
| Hanmi Financial Corp. HAFC | 68.5K | $2.2 million | 1.59% | -1.4K |
| FNB Corp. FNB | 99.2K | $1.9 million | 1.36% | -50.9K |
| Huntington Bancshares Inc. HBAN | 106.0K | $1.9 million | 1.35% | -62.9K |
| Columbia Banking System, Inc. COLB | 51.8K | $1.7 million | 1.19% | -25.3K |
| East West Bancorp Inc. EWBC | 12.6K | $1.6 million | 1.17% | -6.0K |
| SouthState Bank Corp. SSB | 14.6K | $1.5 million | 1.05% | -7.5K |
| Banner Corp. BANR | 19.6K | $1.3 million | 0.94% | -11.5K |
| SB Finl Group Inc. SBFG | 26.4K | $668,063 | 0.48% | -142.4K |