Fourthstone LLC

CIK

1767803

Location

ST LOUIS, MO

Portfolio Value

Small $553,677,149

Diversification

Diversified

Filing Date

Global Rank

#2,445 / 7,976 ▼ 12

Top Industry

Banks - Regional 100.0%

3Y Alpha vs SPY

+1.0%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+80.7%

SPY

+76.3%

Annualised alpha

+1.0%

Max drawdown

−24.6%

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

81 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

8.9%

+1.0 pts

Top 5

28.9%

−2.6 pts

Top 10

45.2%

+0.0 pts

HHI

308

Diversified−2

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Financial Services	100.0%	$553,677,149	81

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CARE	Carter Bankshares, Inc.	+454,650	1,038,543	$20,158,119
LNKB	LINKBANCORP, Inc.	+355,384	682,823	$4,868,527
CZWI	Citizens Community Bancorp Inc.	+272,246	525,039	$8,437,376
ISTR	Investar Holding Corp	+249,614	279,847	$6,495,248
PKBK	Parke Bancorp, Inc.	+205,116	405,954	$8,748,308
MPB	Mid Penn Bancorp Inc	+199,038	219,569	$6,288,456
CIVB	Civista Bancshares, Inc.	+196,185	216,410	$4,395,287
ORRF	Orrstown Financial Services Inc	+194,270	1,453,010	$49,373,279
FVCB	FVCBankcorp, Inc.	+176,170	910,820	$11,813,335
CFBK	Cf Bankshares Inc.	+175,085	596,276	$14,280,810
MNSB	MainStreet Bancshares, Inc.	+171,848	509,933	$10,621,904
FDSB	Fifth District Bancorp, Inc.	+157,599	248,966	$3,443,199
FRST	Primis Financial Corp.	+130,673	706,933	$7,429,865
BFST	Business First Bancshares, Inc.	+129,370	164,024	$3,872,606
HNVR	Hanover Bancorp, Inc. /MD	+129,235	421,508	$9,462,854
ATLO	Ames National Corp	+125,334	225,099	$4,551,501
PROV	Provident Financial Holdings Inc	+115,612	230,822	$3,635,446
CCNE	Cnb Financial Corp/Pa	+102,086	162,457	$3,931,459
MCB	Metropolitan Bank Holding Corp.	+85,449	215,083	$16,092,510
BOTJ	Bank Of The James Financial Group Inc	+66,164	291,782	$4,551,799
WSBF	Waterstone Financial, Inc.	+65,365	128,559	$2,005,520
NWFL	Norwood Financial Corp	+63,972	83,764	$2,129,280
UBFO	UNITED SECURITY BANCSHARES	+58,320	555,820	$5,185,800
OVBC	Ohio Valley Banc Corp	+56,674	73,031	$2,700,686
FCCO	First Community Corp /Sc/	+51,789	610,974	$17,241,686
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BCAL	California BanCorp CA	−888,277	1,301,394	$21,707,251
FFWM	First Foundation Inc.	−582,016	88,000	$490,160
BVFL	BV Financial, Inc.	−544,936	297,624	$4,797,698
FISI	Financial Institutions Inc	−524,459	322,202	$8,763,894
EGBN	Eagle Bancorp Inc	−503,389	141,541	$2,861,959
RVSB	Riverview Bancorp Inc	−497,056	185,874	$998,143
KRNY	Kearny Financial Corp.	−410,580	699,086	$4,592,995
WNEB	Western New England Bancorp, Inc.	−253,115	287,393	$3,451,589
FFIC	Flushing Financial Corp	−220,075	38,000	$524,780
OBT	Orange County Bancorp, Inc. /DE/	−168,864	71,444	$1,801,103
CFFN	Capitol Federal Financial, Inc.	−123,413	74,887	$475,532
RBB	RBB Bancorp	−114,468	50,000	$938,000
OPHC	OptimumBank Holdings, Inc.	−111,299	389,554	$1,597,171
CWBC	Community West Bancshares	−111,138	1,462,786	$30,484,460
OPBK	OP Bancorp	−106,839	156,951	$2,184,757
DCOM	Dime Community Bancshares, Inc. /NY/	−96,959	19,141	$570,976
BWFG	Bankwell Financial Group, Inc.	−89,544	177,321	$7,846,454
INBK	First Internet Bancorp	−88,903	56,238	$1,261,418
CNOB	ConnectOne Bancorp, Inc.	−86,060	122,000	$3,026,820
OCFC	Oceanfirst Financial Corp	−79,187	33,926	$596,079
FNWB	First Northwest Bancorp	−68,298	869,092	$6,839,754
EBMT	Eagle Bancorp Montana, Inc.	−62,175	92,067	$1,589,997
BMRC	Bank of Marin Bancorp	−54,444	222,134	$5,393,413
COFS	Choiceone Financial Services Inc	−49,437	1,093,522	$31,668,397
FRAF	Franklin Financial Services Corp /Pa/	−44,286	331,586	$15,252,956
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
AVBH	Avidbank Holdings, Inc.	1,042,169	$26,575,309
COSO	CoastalSouth Bancshares, Inc.	378,141	$8,247,255
NFBK	Northfield Bancorp, Inc.	87,802	$1,036,063
MSBI	Midland States Bancorp, Inc.	52,609	$901,718
FBIZ	First Business Financial Services, Inc.	12,131	$621,835
LSBK	Lake Shore Bancorp, Inc. /MD/	42,000	$546,000
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
AUB	Atlantic Union Bankshares Corp	321,400	$10,053,392
VLY	Valley National Bancorp	355,200	$3,171,936
WBS	Webster Financial Corp	53,200	$2,904,720
WAL	Western Alliance Bancorporation	21,500	$1,676,570
FNWD	Finward Bancorp	54,930	$1,517,166
EBC	Eastern Bankshares, Inc.	84,700	$1,293,369
CFG	Citizens Financial Group Inc/Ri	25,100	$1,123,225
BUSE	First Busey Corp /Nv/	49,038	$1,122,479
TFC	Truist Financial Corp	25,100	$1,079,049
AMTB	Amerant Bancorp Inc.	52,600	$958,898
BSRR	Sierra Bancorp	25,522	$757,748
INDB	Independent Bank Corp	10,000	$628,900
CFFI	C & F Financial Corp	9,771	$603,163
ONB	Old National Bancorp /In/	28,000	$597,520
PFIS	Peoples Financial Services Corp.	11,512	$568,347
PFS	Provident Financial Services Inc	30,000	$525,900
HBNC	Horizon Bancorp Inc /In/	34,000	$522,920
BWB	Bridgewater Bancshares Inc	21,084	$335,446
VABK	Virginia National Bankshares Corp	8,874	$328,338
FSUN	Firstsun Capital Bancorp	6,798	$236,230
LCNB	Lcnb Corp	13,269	$192,798
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

81 positions · $553,677,149 total · as of Sep 30, 2025

All sectors Financial Services

Showing 1–50 of 81 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ORRF	Orrstown Financial Services Inc Financial Services	Added	1,453,010	+194,270	$49,373,279	+23.2%	8.92%
COFS	Choiceone Financial Services Inc Financial Services	Reduced	1,093,522	-49,437	$31,668,397	−3.5%	5.72%
CWBC	Community West Bancshares Financial Services	Reduced	1,462,786	-111,138	$30,484,460	−0.7%	5.51%
AVBH	Avidbank Holdings, Inc. Financial Services	NEW	1,042,169	NEW	$26,575,309	NEW	4.80%
BCAL	California BanCorp CA Financial Services	Reduced	1,301,394	-888,277	$21,707,251	−37.1%	3.92%
CARE	Carter Bankshares, Inc. Financial Services	Added	1,038,543	+454,650	$20,158,119	+99.1%	3.64%
FXNC	First National Corp /Va/ Financial Services	Added	873,646	+45,333	$19,814,291	+22.9%	3.58%
FCCO	First Community Corp /Sc/ Financial Services	Added	610,974	+51,789	$17,241,686	+26.5%	3.11%
MRBK	Meridian Corp Financial Services	Reduced	1,072,214	-12,105	$16,930,259	+21.1%	3.06%
MCB	Metropolitan Bank Holding Corp. Financial Services	Added	215,083	+85,449	$16,092,510	+77.3%	2.91%
FRAF	Franklin Financial Services Corp /Pa/ Financial Services	Reduced	331,586	-44,286	$15,252,956	+17.2%	2.75%
CFBK	Cf Bankshares Inc. Financial Services	Added	596,276	+175,085	$14,280,810	+41.5%	2.58%
FVCB	FVCBankcorp, Inc. Financial Services	Added	910,820	+176,170	$11,813,335	+36.3%	2.13%
CBAN	Colony Bankcorp Inc Financial Services	Added	643,673	+34,964	$10,948,877	+9.2%	1.98%
MNSB	MainStreet Bancshares, Inc. Financial Services	Added	509,933	+171,848	$10,621,904	+66.2%	1.92%
EFSI	Eagle Financial Services Inc Financial Services	Reduced	276,786	-4,476	$10,470,814	+21.6%	1.89%
HNVR	Hanover Bancorp, Inc. /MD Financial Services	Added	421,508	+129,235	$9,462,854	+41.4%	1.71%
SHBI	Shore Bancshares Inc Financial Services	Added	568,190	+1,264	$9,323,997	+4.6%	1.68%
FISI	Financial Institutions Inc Financial Services	Reduced	322,202	-524,459	$8,763,894	−59.7%	1.58%
PKBK	Parke Bancorp, Inc. Financial Services	Added	405,954	+205,116	$8,748,308	+113.8%	1.58%
BHRB	Burke & Herbert Financial Services Corp. Financial Services	Added	137,761	+24,253	$8,498,476	+25.3%	1.53%
CZWI	Citizens Community Bancorp Inc. Financial Services	Added	525,039	+272,246	$8,437,376	+141.9%	1.52%
COSO	CoastalSouth Bancshares, Inc. Financial Services	NEW	378,141	NEW	$8,247,255	NEW	1.49%
BWFG	Bankwell Financial Group, Inc. Financial Services	Reduced	177,321	-89,544	$7,846,454	−18.4%	1.42%
FRST	Primis Financial Corp. Financial Services	Added	706,933	+130,673	$7,429,865	+18.8%	1.34%
WSBC	Wesbanco Inc Financial Services	Added	223,648	+15,348	$7,141,080	+8.4%	1.29%
SFST	Southern First Bancshares Inc Financial Services	Added	158,754	+29,580	$7,004,226	+42.6%	1.27%
FNWB	First Northwest Bancorp Financial Services	Reduced	869,092	-68,298	$6,839,754	−5.2%	1.24%
MVBF	Mvb Financial Corp Financial Services	Added	272,282	+12,926	$6,823,386	+16.8%	1.23%
ISTR	Investar Holding Corp Financial Services	Added	279,847	+249,614	$6,495,248	+1012.0%	1.17%
MPB	Mid Penn Bancorp Inc Financial Services	Added	219,569	+199,038	$6,288,456	+986.1%	1.14%
BMRC	Bank of Marin Bancorp Financial Services	Reduced	222,134	-54,444	$5,393,413	−14.6%	0.97%
UBFO	UNITED SECURITY BANCSHARES Financial Services	Added	555,820	+58,320	$5,185,800	+20.5%	0.94%
FUNC	First United Corp/Md/ Financial Services	Added	135,366	+39,749	$4,977,407	+67.9%	0.90%
LNKB	LINKBANCORP, Inc. Financial Services	Added	682,823	+355,384	$4,868,527	+103.4%	0.88%
BVFL	BV Financial, Inc. Financial Services	Reduced	297,624	-544,936	$4,797,698	−62.6%	0.87%
OVLY	Oak Valley Bancorp Financial Services	Added	165,856	+24,456	$4,672,163	+21.3%	0.84%
KRNY	Kearny Financial Corp. Financial Services	Reduced	699,086	-410,580	$4,592,995	−35.9%	0.83%
BOTJ	Bank Of The James Financial Group Inc Financial Services	Added	291,782	+66,164	$4,551,799	+43.5%	0.82%
ATLO	Ames National Corp Financial Services	Added	225,099	+125,334	$4,551,501	+156.2%	0.82%
CIVB	Civista Bancshares, Inc. Financial Services	Added	216,410	+196,185	$4,395,287	+836.7%	0.79%
CCNE	Cnb Financial Corp/Pa Financial Services	Added	162,457	+102,086	$3,931,459	+184.9%	0.71%
BFST	Business First Bancshares, Inc. Financial Services	Added	164,024	+129,370	$3,872,606	+353.3%	0.70%
NKSH	National Bankshares Inc Financial Services	Added	128,497	+44,491	$3,782,951	+65.6%	0.68%
PROV	Provident Financial Holdings Inc Financial Services	Added	230,822	+115,612	$3,635,446	+103.6%	0.66%
WNEB	Western New England Bancorp, Inc. Financial Services	Reduced	287,393	-253,115	$3,451,589	−30.8%	0.62%
FDSB	Fifth District Bancorp, Inc. Financial Services	Added	248,966	+157,599	$3,443,199	+205.1%	0.62%
CNOB	ConnectOne Bancorp, Inc. Financial Services	Reduced	122,000	-86,060	$3,026,820	−37.2%	0.55%
EGBN	Eagle Bancorp Inc Financial Services	Reduced	141,541	-503,389	$2,861,959	−77.2%	0.52%
OVBC	Ohio Valley Banc Corp Financial Services	Added	73,031	+56,674	$2,700,686	+412.3%	0.49%