North Reef Capital Management LP Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$2.5B
Holdings
56
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (56 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | MKTXMARKETAXESS HLDGS INC | 1,609,330 | $291.7M | 11.74% | |
| 2 | FT2FIRST HORIZON CORPORATION | 11,516,840 | $275.3M | 11.08% | |
| 3 | ABCBAMERIS BANCORP | 2,737,028 | $203.3M | 8.18% | |
| 4 | SBG1SEACOAST BKG CORP FLA | 5,832,075 | $183.2M | 7.37% | |
| 5 | AUBATLANTIC UN BANKSHARES CORP | 4,572,090 | $161.4M | 6.50% | |
| 6 | COLBCOLUMBIA BKG SYS INC | 3,700,000 | $103.4M | 4.16% | |
| 7 | VVISA INC | 270,000 | $94.7M | 3.81% | |
| 8 | TSAACI WORLDWIDE INC | 1,970,000 | $94.2M | 3.79% | |
| 9 | STELSTELLAR BANCORP INC | 2,875,245 | $89.0M | 3.58% | |
| 10 | QTWOQ2 HLDGS INC | 1,215,000 | $87.7M | 3.53% | |
| 11 | PIPRPIPER SANDLER COMPANIES | 204,900 | $69.6M | 2.80% | |
| 12 | FIBKFIRST INTST BANCSYSTEM INC | 1,974,999 | $68.3M | 2.75% | |
| 13 | EGBNEAGLE BANCORP INC MD | 2,940,000 | $63.0M | 2.53% | |
| 14 | MIAXMIAMI INTL HLDGS INC | 1,265,000 | $56.1M | 2.26% | |
| 15 | FBKFB FINL CORP | 892,685 | $49.8M | 2.00% | |
| 16 | ALKTALKAMI TECHNOLOGY INC | 2,100,000 | $48.4M | 1.95% | |
| 17 | FFWMFIRST FNDTN INC | 7,812,475 | $48.1M | 1.94% | |
| 18 | NTRSNORTHERN TR CORP | 310,611 | $42.4M | 1.71% | |
| 19 | FITBFIFTH THIRD BANCORP | 850,000 | $39.8M | 1.60% | |
| 20 | TFCTRUIST FINL CORP | 765,774 | $37.7M | 1.52% | |
| 21 | TWTRADEWEB MKTS INC | 316,039 | $34.0M | 1.37% | |
| 22 | CBCCENTRAL BANCOMPANY | 1,310,673 | $31.6M | 1.27% | |
| 23 | PBPROSPERITY BANCSHARES INC | 445,000 | $30.8M | 1.24% | |
| 24 | MQMARQETA INC | 6,000,000 | $28.5M | 1.15% | |
| 25 | TCBKTRICO BANCSHARES | 485,423 | $23.0M | 0.93% | |
| 26 | BANCBANC OF CALIFORNIA INC | 1,156,680 | $22.3M | 0.90% | |
| 27 | AAMIACADIAN ASSET MANAGEMENT INC | 443,922 | $20.9M | 0.84% | |
| 28 | MYFWFIRST WESTN FINL INC | 685,954 | $18.4M | 0.74% | |
| 29 | FRSTPRIMIS FINANCIAL CORP | 1,203,604 | $16.7M | 0.67% | |
| 30 | WLTHWEALTHFRONT CORP | 1,226,633 | $16.7M | 0.67% | |
| 31 | EBCEASTERN BANKSHARES INC | 796,451 | $14.7M | 0.59% | |
| 32 | FOURSHIFT4 PMTS INC | 155,929 | $9.8M | 0.40% | |
| 33 | VYXNCR VOYIX CORPORATION | 840,395 | $8.6M | 0.34% | |
| 34 | FLYWFLYWIRE CORPORATION | 600,001 | $8.5M | 0.34% | |
| 35 | SSBSOUTHSTATE BK CORP | 90,000 | $8.5M | 0.34% | |
| 36 | MRXMAREX GROUP PLC | 190,000 | $7.3M | 0.29% | |
| 37 | JHGJANUS HENDERSON GROUP PLC | 150,000 | $7.1M | 0.29% | |
| 38 | GCMGGCM GROSVENOR INC | 601,355 | $6.8M | 0.27% | |
| 39 | COSOCOASTALSOUTH BANCSHARES INC | 263,900 | $6.1M | 0.25% | |
| 40 | CRMTAMERICAS CAR-MART INC | 242,187 | $6.1M | 0.25% | |
| 41 | JCAPJEFFERSON CAPITAL INC | 239,473 | $5.3M | 0.22% | |
| 42 | FIGRFIGURE TECHNOLOGY SOLUTIO | 125,000 | $5.1M | 0.21% | |
| 43 | SMBKSMARTFINANCIAL INC | 134,871 | $5.0M | 0.20% | |
| 44 | KLARKLARNA GROUP PLC | 159,996 | $4.6M | 0.19% | |
| 45 | NEWTNEWTEKONE INC | 386,923 | $4.4M | 0.18% | |
| 46 | NPBNORTHPOINTE BANCSHARES INC. | 258,752 | $4.3M | 0.17% | |
| 47 | AVBHAVIDBANK HLDGS INC | 123,671 | $3.3M | 0.13% | |
| 48 | TCBITEXAS CAP BANCSHARES INC | 34,570 | $3.1M | 0.13% | |
| 49 | BLSHBULLISH | 81,280 | $3.1M | 0.12% | |
| 50 | GEMIGEMINI SPACE STA INC | 300,000 | $3.0M | 0.12% | |
| 51 | USCBUSCB FINANCIAL HOLDINGS INC | 123,741 | $2.3M | 0.09% | |
| 52 | FFICFLUSHING FINL CORP | 135,000 | $2.0M | 0.08% | |
| 53 | CVBFCVB FINL CORP | 103,824 | $1.9M | 0.08% | |
| 54 | IIIVI3 VERTICALS INC | 75,711 | $1.9M | 0.08% | |
| 55 | BBTBEACON FINANCIAL CORP. | 50,344 | $1.3M | 0.05% | |
| 56 | RNSTRENASANT CORP | 15,001 | $528K | 0.02% |