Fourthstone LLC

Registered adviser

CIK

1767803

Location

ST LOUIS, MO

Portfolio Value

Small $140,078,058

Diversification

Diversified

Filing Date

Global Rank

#7,629 / 8,818 ▼ 4374

Top Industry

Banks - Regional 100.0%

3Y Alpha vs SPY

-0.3%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 169067

Roster of Oct 1, 2026

Regulatory AUM

$1,221,076,088

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

3 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$1,221,076,088 gross assets

LEI

2549005NM2SJE1OE4R06

Private funds on Schedule D 7.B.(1)

As filed Mar 26, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$762,997,468 gross assets in 3 funds Hedge funds $762,997,468 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,221,076,088	Pooled investment vehicles (100%)
Apr 2025 to Mar 2026	$957,522,312	Pooled investment vehicles (100%)
Apr 2024 to Mar 2025	$768,789,037	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$614,360,245	Pooled investment vehicles (99%)
Apr 2023	$614,360,245	Pooled investment vehicles (99%)
Apr 2022 to Mar 2023	$420,044,858	Pooled investment vehicles (98%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 80.8% of the book (60%+)

Turnover

Medium turnover

72.8% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 7.5 quarters, but 2.4% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.8%; sector active share 88.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

25 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

16.5%

+9.5 pts

Top 5

54.6%

+26.3 pts

Top 10

80.8%

+34.5 pts

HHI

860

Diversified+528

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	100.0%	$140,078,058	25

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
BPRN	Princeton Bancorp, Inc.	+10,733	53,218	$2,019,623
PROV	Provident Financial Holdings Inc	+4,341	369,973	$6,363,535
FNWB	First Northwest Bancorp	+770	925,038	$9,999,660
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
CBAN	Colony Bankcorp Inc	−1,898,421	166,465	$3,344,281
COSO	CoastalSouth Bancshares, Inc.	−875,293	225,211	$6,046,915
ATLO	Ames National Corp	−666,482	16,768	$496,500
MRBK	Meridian Corp	−636,911	538,390	$10,783,951
ISTR	Investar Holding Corp	−504,961	322,428	$9,659,942
CFBK	Cf Bankshares Inc.	−479,554	159,824	$5,237,432
HNVR	Hanover Bancorp, Inc.	−377,435	144,216	$3,363,117
AVBH	Avidbank Holdings, Inc.	−345,764	700,818	$23,148,018
MNSB	MainStreet Bancshares, Inc.	−337,370	47,432	$1,171,096
EFSI	Eagle Financial Services Inc	−244,624	287,575	$11,922,859
WSBF	Waterstone Financial, Inc.	−192,281	98,910	$2,050,404
BHRB	Burke & Herbert Financial Services Corp.	−162,173	84,248	$6,054,061
BOTJ	Bank Of The James Financial Group Inc	−51,007	334,491	$8,536,210
CBFV	CB Financial Services, Inc.	−2,162	8,083	$306,345
VABK	Virginia National Bankshares Corp	−1,063	7,374	$327,258
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
FNRN	First Northern Community Bancorp	1,150,060	$20,632,076
FCBM	First Carolina Financial Services, Inc.	377,228	$4,994,498
BCBP	Bcb Bancorp Inc	100,903	$1,081,680
RVSB	Riverview Bancorp Inc	169,041	$917,892
FNWD	Finward Bancorp	20,976	$771,497
AUBN	Auburn National Bancorporation, Inc	17,806	$481,474
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
CARE	Carter Bankshares, Inc.	1,502,119	$35,029,415
CWBC	Community West Bancshares	1,362,205	$31,739,376
FXNC	First National Corp	774,119	$20,839,283
PKBK	Parke Bancorp, Inc.	700,349	$19,889,911
FVCB	FVCBankcorp, Inc.	1,275,574	$19,375,969
FCCO	First Community Corp	595,521	$17,407,078
—		1,781,185	$14,855,083
OVLY	Oak Valley Bancorp	411,189	$13,334,859
MPB	Mid Penn Bancorp Inc	367,386	$11,815,133
EBMT	Eagle Bancorp Montana, Inc.	551,952	$11,359,172
NKSH	National Bankshares Inc	288,567	$10,506,724
MCB	Metropolitan Bank Holding Corp.	125,601	$10,461,307
FRST	Primis Financial Corp.	731,358	$9,712,434
OVBC	Ohio Valley Banc Corp	219,663	$9,634,419
TSBK	Timberland Bancorp Inc	230,328	$9,081,833
SHBI	Shore Bancshares Inc	421,457	$7,872,816
PEBK	Peoples Bancorp Of North Carolina Inc	194,918	$7,632,988
PLBC	Plumas Bancorp	148,183	$7,234,294
TFC	Truist Financial Corp	153,100	$7,038,007
—		664,342	$6,982,234
BFST	Business First Bancshares, Inc.	231,075	$6,248,268
EGBN	Eagle Bancorp Inc	212,341	$5,280,920
CCNE	Cnb Financial Corp	163,521	$4,735,568
PB	Prosperity Bancshares Inc	69,500	$4,669,010
PNFP	Pinnacle Financial Partners, Inc.	25,600	$2,205,184
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

25 tracked positions · $140,078,058 total · filing declares 25 positions · $140,491,145 · as of Jun 30, 2026

All sectors Financial Services

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AVBH	Avidbank Holdings, Inc. Financial Services	Reduced	700,818	-345,764	$23,148,018	−22.4%	4	$23.90	16.53%
FNRN	First Northern Community Bancorp Financial Services	NEW	1,150,060	NEW	$20,632,076	NEW	1	$16.95	14.73%
EFSI	Eagle Financial Services Inc Financial Services	Reduced	287,575	-244,624	$11,922,859	−36.0%	6	$35.29	8.51%
MRBK	Meridian Corp Financial Services	Reduced	538,390	-636,911	$10,783,951	−51.6%	21	unpriced	7.70%
FNWB	First Northwest Bancorp Financial Services	Added	925,038	+770	$9,999,660	+24.6%	17	$12.11	7.14%
ISTR	Investar Holding Corp Financial Services	Reduced	322,428	-504,961	$9,659,942	−57.2%	5	$24.25	6.90%
BOTJ	Bank Of The James Financial Group Inc Financial Services	Reduced	334,491	-51,007	$8,536,210	+7.5%	13	$14.60	6.09%
PROV	Provident Financial Holdings Inc Financial Services	Added	369,973	+4,341	$6,363,535	+8.0%	8	$15.18	4.54%
BHRB	Burke & Herbert Financial Services Corp. Financial Services	Reduced	84,248	-162,173	$6,054,061	−60.6%	9	$62.22	4.32%
COSO	CoastalSouth Bancshares, Inc. Financial Services	Reduced	225,211	-875,293	$6,046,915	−77.7%	4	$22.28	4.32%
CFBK	Cf Bankshares Inc. Financial Services	Reduced	159,824	-479,554	$5,237,432	−70.7%	6	$23.46	3.74%
FCBM	First Carolina Financial Services, Inc. Financial Services	NEW	377,228	NEW	$4,994,498	NEW	1	unpriced	3.57%
HNVR	Hanover Bancorp, Inc. Financial Services	Reduced	144,216	-377,435	$3,363,117	−70.1%	5	$22.07	2.40%
CBAN	Colony Bankcorp Inc Financial Services	Reduced	166,465	-1,898,421	$3,344,281	−91.9%	26+	before history	2.39%
WSBF	Waterstone Financial, Inc. Financial Services	Reduced	98,910	-192,281	$2,050,404	−60.9%	7	$15.56	1.46%
BPRN	Princeton Bancorp, Inc. Financial Services	Added	53,218	+10,733	$2,019,623	+40.8%	6	$32.89	1.44%
MNSB	MainStreet Bancshares, Inc. Financial Services	Reduced	47,432	-337,370	$1,171,096	−86.3%	8	$19.25	0.84%
BCBP	Bcb Bancorp Inc Financial Services	NEW	100,903	NEW	$1,081,680	NEW	1	$10.21	0.77%
RVSB	Riverview Bancorp Inc Financial Services	NEW	169,041	NEW	$917,892	NEW	1	$5.53	0.66%
FNWD	Finward Bancorp Financial Services	NEW	20,976	NEW	$771,497	NEW	1	$33.40	0.55%
ATLO	Ames National Corp Financial Services	Reduced	16,768	-666,482	$496,500	−97.4%	6	$22.21	0.35%
AUBN	Auburn National Bancorporation, Inc Financial Services	NEW	17,806	NEW	$481,474	NEW	1	$24.51	0.34%
TCBS	Texas Community Bancshares, Inc. Financial Services	Held	20,894	0	$367,734	+0.5%	5	$15.82	0.26%
VABK	Virginia National Bankshares Corp Financial Services	Reduced	7,374	-1,063	$327,258	+1.5%	2	$39.86	0.23%
CBFV	CB Financial Services, Inc. Financial Services	Reduced	8,083	-2,162	$306,345	−12.5%	6	$28.89	0.22%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.