North Reef Capital Management LP
CIK: 0001867831SEC EDGAR →
Portfolio Value
$2.5B
Holdings
56
As of
Q4 2025
New Positions
16
Closed Positions
13
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | MARKETAXESS HLDGS INC | 1,609,330 | $291.7M | 11.74% |
| 2 | FIRST HORIZON CORPORATION | 11,516,840 | $275.3M | 11.08% |
| 3 | AMERIS BANCORP | 2,737,028 | $203.3M | 8.18% |
| 4 | SEACOAST BKG CORP FLA | 5,832,075 | $183.2M | 7.37% |
| 5 | ATLANTIC UN BANKSHARES CORP | 4,572,090 | $161.4M | 6.50% |
| 6 | COLUMBIA BKG SYS INC | 3,700,000 | $103.4M | 4.16% |
| 7 | VISA INC | 270,000 | $94.7M | 3.81% |
| 8 | ACI WORLDWIDE INC | 1,970,000 | $94.2M | 3.79% |
| 9 | STELLAR BANCORP INC | 2,875,245 | $89.0M | 3.58% |
| 10 | Q2 HLDGS INC | 1,215,000 | $87.7M | 3.53% |
Quarterly Changes
Top Buys
New Positions (18)
$49.8M · 893K shares
$39.8M · 850K shares
$37.7M · 766K shares
$31.6M · 1.3M shares
$30.8M · 445K shares
$23.0M · 485K shares
$22.3M · 1.2M shares
$16.7M · 1.2M shares
$14.7M · 796K shares
$8.5M · 90K shares
$7.1M · 150K shares
$4.6M · 160K shares
$2.3M · 124K shares
$2.0M · 135K shares
$1.9M · 104K shares
$1.9M · 76K shares
$1.3M · 50K shares
$528K · 15K shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Financial Services | 42 | $1.7B | 68.7% |
| Unknown | 3 | $552.7M | 22.2% |
| Technology | 10 | $217.8M | 8.8% |
| Consumer Cyclical | 1 | $6.1M | 0.2% |