North Reef Capital Management LP Q3 2025 Filing
Filed November 14, 2025
Portfolio Value
$2.1T
Holdings
43
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (43 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | FT2FIRST HORIZON CORPORATION | 12,370,000 | $279.7B | 13.08% | |
| 2 | CADECADENCE BANK | 7,055,000 | $264.8B | 12.39% | |
| 3 | CMACOMERICA INC | 3,570,000 | $244.6B | 11.44% | |
| 4 | MKTXMARKETAXESS HLDGS INC | 911,358 | $158.8B | 7.43% | |
| 5 | SBG1SEACOAST BKG CORP FLA | 4,995,000 | $152.0B | 7.11% | |
| 6 | ABCBAMERIS BANCORP | 1,981,061 | $145.2B | 6.79% | |
| 7 | AUBATLANTIC UN BANKSHARES CORP | 3,713,604 | $131.1B | 6.13% | |
| 8 | QTWOQ2 HLDGS INC | 1,690,000 | $122.3B | 5.72% | |
| 9 | TSAACI WORLDWIDE INC | 1,783,851 | $94.1B | 4.40% | |
| 10 | STELSTELLAR BANCORP INC | 1,829,937 | $55.5B | 2.60% | |
| 11 | EGBNEAGLE BANCORP INC MD | 2,632,918 | $53.2B | 2.49% | |
| 12 | PIPRPIPER SANDLER COMPANIES | 151,707 | $52.6B | 2.46% | |
| 13 | TCBITEXAS CAP BANCSHARES INC | 555,000 | $46.9B | 2.19% | |
| 14 | FFWMFIRST FNDTN INC | 6,900,306 | $38.4B | 1.80% | |
| 15 | VVISA INC | 105,000 | $35.8B | 1.68% | |
| 16 | MIAXMIAMI INTL HLDGS INC | 725,804 | $29.2B | 1.37% | |
| 17 | FIBKFIRST INTST BANCSYSTEM INC | 850,000 | $27.1B | 1.27% | |
| 18 | NTRSNORTHERN TR CORP | 190,000 | $25.6B | 1.20% | |
| 19 | AAMIACADIAN ASSET MANAGEMENT INC | 511,452 | $24.6B | 1.15% | |
| 20 | MQMARQETA INC | 4,650,000 | $24.6B | 1.15% | |
| 21 | MYFWFIRST WESTN FINL INC | 617,824 | $14.2B | 0.67% | |
| 22 | VYXNCR VOYIX CORPORATION | 840,395 | $10.5B | 0.49% | |
| 23 | FRSTPRIMIS FINANCIAL CORP | 974,870 | $10.2B | 0.48% | |
| 24 | FLYWFLYWIRE CORPORATION | 650,000 | $8.8B | 0.41% | |
| 25 | FIGRFIGURE TECHNOLOGY SOLUTIO | 240,000 | $8.7B | 0.41% | |
| 26 | FOURSHIFT4 PMTS INC | 103,056 | $8.0B | 0.37% | |
| 27 | CRMTAMERICAS CAR-MART INC | 270,190 | $7.9B | 0.37% | |
| 28 | GCMGGCM GROSVENOR INC | 526,354 | $6.4B | 0.30% | |
| 29 | GEMIGEMINI SPACE STA INC | 245,322 | $5.9B | 0.27% | |
| 30 | JCAPJEFFERSON CAPITAL INC | 295,559 | $5.1B | 0.24% | |
| 31 | BLSHBULLISH | 80,000 | $5.1B | 0.24% | |
| 32 | NPBNORTHPOINTE BANCSHARES INC. | 283,752 | $4.8B | 0.23% | |
| 33 | COSOCOASTALSOUTH BANCSHARES INC | 220,619 | $4.8B | 0.23% | |
| 34 | LVLNSPDR SERIES TRUST | 75,000 | $4.7B | 0.22% | |
| 35 | TWTRADEWEB MKTS INC | 41,200 | $4.6B | 0.21% | |
| 36 | NEWTNEWTEKONE INC | 386,924 | $4.4B | 0.21% | |
| 37 | AVBHAVIDBANK HLDGS INC | 141,496 | $3.6B | 0.17% | |
| 38 | ALKTALKAMI TECHNOLOGY INC | 127,604 | $3.2B | 0.15% | |
| 39 | CMECME GROUP INC | 11,198 | $3.0B | 0.14% | |
| 40 | SMBKSMARTFINANCIAL INC | 84,570 | $3.0B | 0.14% | |
| 41 | COLBCOLUMBIA BKG SYS INC | 100,000 | $2.6B | 0.12% | |
| 42 | MRXMAREX GROUP PLC | 52,191 | $1.8B | 0.08% | |
| 43 | CIVBCIVISTA BANCSHARES INC | 29,776 | $604.8M | 0.03% |