North Reef Capital Management LP
CIK
1867831
Location
LAGUNA BEACH, CA
Portfolio Value
Mid
$2,608,060,607
Diversification
Diversified
Filing Date
Global Rank
#1,144
/ 8,700
▲ 20
Top Industry
Banks - Regional
59.9%
Period ended 2 months ago
Filed Aug 14, 2026 · 30d
19 quarters · since Dec 2021
Portfolio Concentration
43 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
14.8%
+3.3 pts
Top 5
47.0%
+0.5 pts
Top 10
73.0%
+6.6 pts
HHI
665
Diversified+86
Portfolio Trend
19 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 83.1% | $2,167,919,756 |
| Technology | 15.3% | $398,056,051 |
| Industrials | 1.6% | $42,084,800 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
21 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ALKT | Alkami Technology, Inc. | +1,575,000 | 9,225,000 | $167,157,000 | |
| MKTX | Marketaxess Holdings Inc | +1,520,000 | 3,395,000 | $385,298,550 | |
| AMTB | Amerant Bancorp Inc. | +695,019 | 1,855,507 | $47,352,538 | |
| PNFP | Pinnacle Financial Partners, Inc. | +630,602 | 731,537 | $73,797,452 | |
| CBC | Central Bancompany, Inc. | +525,000 | 4,600,000 | $139,748,000 | |
| MQ | Marqeta, Inc. | +500,000 | 7,900,000 | $32,074,000 | |
| GPN | Global Payments Inc | +480,000 | 580,000 | $42,084,800 | |
| ACIW | Aci Worldwide, Inc. | +387,000 | 2,617,000 | $131,608,930 | |
| PIPR | Piper Sandler Companies | +385,368 | 1,350,000 | $97,659,000 | |
| TCBK | Trico Bancshares / | +293,920 | 667,061 | $35,921,234 | |
| FLG | Flagstar Bank, National Association | +260,000 | 3,050,000 | $45,567,000 | |
| NBHC | National Bank Holdings Corp | +116,889 | 437,241 | $19,426,617 | |
| FRST | Primis Financial Corp. | +91,002 | 1,226,283 | $20,074,252 | |
| BANR | Banner Corp | +64,707 | 260,156 | $17,284,764 | |
| GEMI | Gemini Space Station, Inc. | +50,263 | 100,001 | $426,004 | |
| COSO | CoastalSouth Bancshares, Inc. | +50,000 | 370,982 | $9,960,866 | |
| IIIV | i3 Verticals, Inc. | +50,000 | 1,075,000 | $22,962,000 | |
| NTRS | Northern Trust Corp | +46,441 | 345,000 | $59,974,800 | |
| MYFW | First Western Financial Inc | +26,021 | 742,630 | $23,845,849 | |
| GCMG | GCM Grosvenor Inc. | +1 | 630,180 | $7,751,214 | |
| SMBK | Smartfinancial Inc. | +1 | 137,089 | $6,432,215 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
18 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| FHN | First Horizon Corp | −5,251,952 | 9,201,256 | $235,920,203 | |
| KEY | Keycorp /New/ | −4,400,000 | 8,250,000 | $190,162,500 | |
| SBCF | Seacoast Banking Corp Of Florida | −1,050,000 | 4,775,000 | $158,768,750 | |
| EGBN | Eagle Bancorp Inc | −992,490 | 1,713,535 | $48,647,258 | |
| PB | Prosperity Bancshares Inc | −977,877 | 130,000 | $9,493,900 | |
| MIAX | Miami International Holdings, Inc. | −762,920 | 251,354 | $9,340,314 | |
| AUB | Atlantic Union Bankshares Corp | −720,000 | 3,565,000 | $150,835,150 | |
| ABCB | Ameris Bancorp | −691,000 | 2,732,243 | $246,612,253 | |
| FLYW | Flywire Corp | −650,000 | 450,000 | $7,906,500 | |
| WLTH | Wealthfront Corp | −441,004 | 2,444,253 | $21,851,621 | |
| TRMK | Trustmark Corp | −387,379 | 1,565,551 | $72,031,001 | |
| UWMC | UWM Holdings Corp | −253,429 | 100,000 | $229,000 | |
| SCHW | Schwab Charles Corp | −175,000 | 175,000 | $16,147,250 | |
| PAY | Paymentus Holdings, Inc. | −134,551 | 600,000 | $14,496,000 | |
| AAMI | Acadian Asset Management Inc. | −133,643 | 86,596 | $6,193,345 | |
| NPB | Northpointe Bancshares Inc | −132,396 | 100,000 | $1,918,000 | |
| NEWT | NewtekOne, Inc. | −43,273 | 155,681 | $2,305,635 | |
| JCAP | Jefferson Capital, Inc. / DE | −1,553 | 530,598 | $10,330,743 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
4 positions
Sold Out
Positions the filer fully exited
21 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| V | Visa Inc. | 360,000 | $108,806,400 | |
| TW | Tradeweb Markets Inc. | 337,071 | $39,659,773 | |
| FIS | Fidelity National Information Services, Inc. | 775,000 | $36,355,250 | |
| QTWO | Q2 Holdings, Inc. | 620,814 | $29,364,502 | |
| BANC | Banc Of California, Inc. | 1,500,000 | $26,370,000 | |
| FBK | FB Financial Corp | 500,000 | $25,970,000 | |
| RJF | Raymond James Financial Inc | 159,162 | $23,045,065 | |
| AXP | American Express Co | 50,000 | $15,124,000 | |
| FIBK | First Interstate Bancsystem Inc | 325,157 | $10,860,243 | |
| VYX | NCR Voyix Corp | 810,732 | $5,131,933 | |
| SF | Stifel Financial Corp | 57,230 | $4,230,441 | |
| FIGR | Figure Technology Solutions, Inc. | 119,398 | $4,053,562 | |
| AVBH | Avidbank Holdings, Inc. | 123,022 | $3,506,127 | |
| COF | Capital One Financial Corp | 18,659 | $3,403,961 | |
| CRMT | Americas Carmart Inc | 258,637 | $3,292,449 | |
| KLAR | Klarna Group plc | 223,820 | $2,929,803 | |
| USCB | Uscb Financial Holdings, Inc. | 128,093 | $2,374,844 | |
| CVBF | Cvb Financial Corp | 100,000 | $1,939,000 | |
| RBB | RBB Bancorp | 64,150 | $1,370,885 | |
| RNST | Renasant Corp | 14,923 | $539,167 | |
| — | 5,911,778 | $0 | ||
| No positions match the current search. | ||||
43 tracked positions ·
$2,608,060,607 total
· as of Jun 30, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MKTX |
Marketaxess Holdings Inc
Financial Services
|
Added | 3,395,000 | $385,298,550 | 14.77% | |
| ABCB |
Ameris Bancorp
Financial Services
|
Reduced | 2,732,243 | $246,612,253 | 9.46% | |
| FHN |
First Horizon Corp
Financial Services
|
Reduced | 9,201,256 | $235,920,203 | 9.05% | |
| KEY |
Keycorp /New/
Financial Services
|
Reduced | 8,250,000 | $190,162,500 | 7.29% | |
| ALKT |
Alkami Technology, Inc.
Technology
|
Added | 9,225,000 | $167,157,000 | 6.41% | |
| SBCF |
Seacoast Banking Corp Of Florida
Financial Services
|
Reduced | 4,775,000 | $158,768,750 | 6.09% | |
| AUB |
Atlantic Union Bankshares Corp
Financial Services
|
Reduced | 3,565,000 | $150,835,150 | 5.78% | |
| CBC |
Central Bancompany, Inc.
Financial Services
|
Added | 4,600,000 | $139,748,000 | 5.36% | |
| ACIW |
Aci Worldwide, Inc.
Technology
|
Added | 2,617,000 | $131,608,930 | 5.05% | |
| PIPR |
Piper Sandler Companies
Financial Services
|
Added | 1,350,000 | $97,659,000 | 3.74% | |
| PNFP |
Pinnacle Financial Partners, Inc.
Financial Services
|
Added | 731,537 | $73,797,452 | 2.83% | |
| TRMK |
Trustmark Corp
Financial Services
|
Reduced | 1,565,551 | $72,031,001 | 2.76% | |
| NTRS |
Northern Trust Corp
Financial Services
|
Added | 345,000 | $59,974,800 | 2.30% | |
| EGBN |
Eagle Bancorp Inc
Financial Services
|
Reduced | 1,713,535 | $48,647,258 | 1.87% | |
| AMTB |
Amerant Bancorp Inc.
Financial Services
|
Added | 1,855,507 | $47,352,538 | 1.82% | |
| FLG |
Flagstar Bank, National Association
Financial Services
|
Added | 3,050,000 | $45,567,000 | 1.75% | |
| GPN |
Global Payments Inc
Industrials
|
Added | 580,000 | $42,084,800 | 1.61% | |
| TCBK |
Trico Bancshares /
Financial Services
|
Added | 667,061 | $35,921,234 | 1.38% | |
| MQ |
Marqeta, Inc.
Technology
|
Added | 7,900,000 | $32,074,000 | 1.23% | |
| MYFW |
First Western Financial Inc
Financial Services
|
Added | 742,630 | $23,845,849 | 0.91% | |
| IIIV |
i3 Verticals, Inc.
Technology
|
Added | 1,075,000 | $22,962,000 | 0.88% | |
| WLTH |
Wealthfront Corp
Technology
|
Reduced | 2,444,253 | $21,851,621 | 0.84% | |
| FRST |
Primis Financial Corp.
Financial Services
|
Added | 1,226,283 | $20,074,252 | 0.77% | |
| NBHC |
National Bank Holdings Corp
Financial Services
|
Added | 437,241 | $19,426,617 | 0.74% | |
| BANR |
Banner Corp
Financial Services
|
Added | 260,156 | $17,284,764 | 0.66% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
Reduced | 175,000 | $16,147,250 | 0.62% | |
| PAY |
Paymentus Holdings, Inc.
Technology
|
Reduced | 600,000 | $14,496,000 | 0.56% | |
| FRBT |
Forbright, Inc.
Financial Services
|
NEW | 649,999 | $11,888,481 | 0.46% | |
| JCAP |
Jefferson Capital, Inc. / DE
Financial Services
|
Reduced | 530,598 | $10,330,743 | 0.40% | |
| COSO |
CoastalSouth Bancshares, Inc.
Financial Services
|
Added | 370,982 | $9,960,866 | 0.38% | |
| PB |
Prosperity Bancshares Inc
Financial Services
|
Reduced | 130,000 | $9,493,900 | 0.36% | |
| MIAX |
Miami International Holdings, Inc.
Financial Services
|
Reduced | 251,354 | $9,340,314 | 0.36% | |
| FLYW |
Flywire Corp
Technology
|
Reduced | 450,000 | $7,906,500 | 0.30% | |
| GCMG |
GCM Grosvenor Inc.
Financial Services
|
Added | 630,180 | $7,751,214 | 0.30% | |
| SMBK |
Smartfinancial Inc.
Financial Services
|
Added | 137,089 | $6,432,215 | 0.25% | |
| AAMI |
Acadian Asset Management Inc.
Financial Services
|
Reduced | 86,596 | $6,193,345 | 0.24% | |
| SFNC |
Simmons First National Corp
Financial Services
|
NEW | 150,000 | $3,397,500 | 0.13% | |
| NEWT |
NewtekOne, Inc.
Financial Services
|
Reduced | 155,681 | $2,305,635 | 0.09% | |
| NPB |
Northpointe Bancshares Inc
Financial Services
|
Reduced | 100,000 | $1,918,000 | 0.07% | |
| IBOC |
International Bancshares Corp
Financial Services
|
NEW | 25,000 | $1,898,750 | 0.07% | |
| BOTJ |
Bank Of The James Financial Group Inc
Financial Services
|
NEW | 50,132 | $1,279,368 | 0.05% | |
| GEMI |
Gemini Space Station, Inc.
Financial Services
|
Added | 100,001 | $426,004 | 0.02% | |
| UWMC |
UWM Holdings Corp
Financial Services
|
Reduced | 100,000 | $229,000 | 0.01% |
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.