Petiole USA ltd

CIK

1600202

Location

New York, NY

Portfolio Value

Small $140,535,089

Diversification

Diversified

Filing Date

Global Rank

#4,963 / 8,603 ▲ 95 · as of Mar 2026

Top Industry

Banks - Regional 100.0%

3Y Alpha vs SPY

+3.8%

Period ended 3 months ago

Filed May 14, 2026 · 56d

18 quarters · since Dec 2021

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+92.4%

SPY

+76.5%

Annualised alpha

+3.5%

Max drawdown

−26.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

31 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.5%

−2.7 pts

Top 5

29.1%

−1.7 pts

Top 10

51.9%

−2.4 pts

HHI

399

Diversified−29

Portfolio Trend

18 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	100.0%	$140,535,089	31

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
UMBF	Umb Financial Corp	+18,500	42,622	$4,807,335
No positions match the current search.

Trimmed

Positions the filer reduced

18 positions

Ticker	Company	Δ Shares	Shares	Value
CBK	Commercial Bancgroup, Inc.	−21,486	291,014	$7,572,184
HBAN	Huntington Bancshares Inc /Md/	−11,900	168,940	$2,643,911
FNB	Fnb Corp/Pa/	−11,000	150,151	$2,510,524
CBAN	Colony Bankcorp Inc	−8,000	454,763	$9,081,617
COLB	Columbia Banking System, Inc.	−5,800	77,090	$2,114,578
CARE	Carter Bankshares, Inc.	−5,500	381,373	$8,893,618
ORRF	Orrstown Financial Services Inc	−5,200	171,766	$6,197,317
FNWB	First Northwest Bancorp	−4,800	257,897	$2,238,545
CFG	Citizens Financial Group Inc/Ri	−4,700	57,054	$3,421,528
FCNCA	First Citizens Bancshares Inc /De/	−3,760	2,415	$4,551,453
FXNC	First National Corp /Va/	−3,500	307,940	$8,289,744
BCAL	California BanCorp \ CA	−3,300	192,304	$3,407,626
WAL	Western Alliance Bancorporation	−2,600	78,503	$5,561,937
MPB	Mid Penn Bancorp Inc	−2,600	194,511	$6,255,473
BANR	Banner Corp	−2,200	31,085	$1,886,237
HAFC	Hanmi Financial Corp	−1,800	69,851	$1,841,272
SSB	SouthState Bank Corp	−1,600	22,025	$2,037,753
RNST	Renasant Corp	−1,500	195,345	$7,057,814
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
PNFP	Pinnacle Financial Partners, Inc.	40,405	$3,480,486
EWBC	East West Bancorp Inc	18,600	$1,985,736
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
ZION	Zions Bancorporation, National Association /Ut/	50,000	$2,927,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

31 positions · $140,535,089 total · as of Mar 31, 2026

All sectors Financial Services

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CBAN	Colony Bankcorp Inc Financial Services	Reduced	454,763	-8,000	$9,081,617	+10.1%	6.46%
CARE	Carter Bankshares, Inc. Financial Services	Reduced	381,373	-5,500	$8,893,618	+16.9%	6.33%
FXNC	First National Corp /Va/ Financial Services	Reduced	307,940	-3,500	$8,289,744	+5.5%	5.90%
CBK	Commercial Bancgroup, Inc. Financial Services	Reduced	291,014	-21,486	$7,572,184	−1.3%	5.39%
WBS	Webster Financial Corp Financial Services	Held	101,875	0	$7,072,162	+10.3%	5.03%
RNST	Renasant Corp Financial Services	Reduced	195,345	-1,500	$7,057,814	+1.8%	5.02%
BANC	Banc Of California, Inc. Financial Services	Held	397,167	0	$6,982,195	−8.9%	4.97%
MPB	Mid Penn Bancorp Inc Financial Services	Reduced	194,511	-2,600	$6,255,473	+2.3%	4.45%
ORRF	Orrstown Financial Services Inc Financial Services	Reduced	171,766	-5,200	$6,197,317	−1.1%	4.41%
WAL	Western Alliance Bancorporation Financial Services	Reduced	78,503	-2,600	$5,561,937	−18.4%	3.96%
HWC	Hancock Whitney Corp Financial Services	Held	86,218	0	$5,482,602	−0.1%	3.90%
CCNE	Cnb Financial Corp/Pa Financial Services	Held	189,241	0	$5,480,419	+10.7%	3.90%
UMBF	Umb Financial Corp Financial Services	Added	42,622	+18,500	$4,807,335	+73.2%	3.42%
FCNCA	First Citizens Bancshares Inc /De/ Financial Services	Reduced	2,415	-3,760	$4,551,453	−65.7%	3.24%
WTFC	Wintrust Financial Corp Financial Services	Held	29,750	0	$4,133,465	−0.6%	2.94%
FRME	First Merchants Corp Financial Services	Held	94,047	0	$3,642,440	+3.3%	2.59%
SBFG	Sb Financial Group, Inc. Financial Services	Held	168,818	0	$3,545,178	−5.7%	2.52%
PNFP	Pinnacle Financial Partners, Inc. Financial Services	NEW	40,405	NEW	$3,480,486	NEW	2.48%
CFG	Citizens Financial Group Inc/Ri Financial Services	Reduced	57,054	-4,700	$3,421,528	−5.1%	2.43%
BCAL	California BanCorp \ CA Financial Services	Reduced	192,304	-3,300	$3,407,626	−6.7%	2.42%
FRST	Primis Financial Corp. Financial Services	Held	230,222	0	$3,057,348	−4.5%	2.18%
SHBI	Shore Bancshares Inc Financial Services	Held	147,487	0	$2,755,057	+5.7%	1.96%
HBAN	Huntington Bancshares Inc /Md/ Financial Services	Reduced	168,940	-11,900	$2,643,911	−15.7%	1.88%
EQBK	Equity Bancshares Inc Financial Services	Held	57,364	0	$2,547,535	−0.5%	1.81%
FNB	Fnb Corp/Pa/ Financial Services	Reduced	150,151	-11,000	$2,510,524	−8.9%	1.79%
FNWB	First Northwest Bancorp Financial Services	Reduced	257,897	-4,800	$2,238,545	−9.2%	1.59%
COLB	Columbia Banking System, Inc. Financial Services	Reduced	77,090	-5,800	$2,114,578	−8.7%	1.50%
SSB	SouthState Bank Corp Financial Services	Reduced	22,025	-1,600	$2,037,753	−8.3%	1.45%
EWBC	East West Bancorp Inc Financial Services	NEW	18,600	NEW	$1,985,736	NEW	1.41%
BANR	Banner Corp Financial Services	Reduced	31,085	-2,200	$1,886,237	−9.6%	1.34%
HAFC	Hanmi Financial Corp Financial Services	Reduced	69,851	-1,800	$1,841,272	−4.9%	1.31%