North Reef Capital Management LP: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1867831) · Explore on the interactive board
North Reef Capital Management LP disclosed 43 US equity positions worth $2.6bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is MKTX at 14.8% of the reported book, followed by ABCB, FHN. The top ten holdings are 73.0% of the book, and the portfolio behaves like about 15 equal-weight positions. Versus the prior filing it opened 4 new positions, added to 19, reduced 17 and exited 21. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does North Reef Capital Management LP own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 4 new, 19 added, 17 reduced, 21 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | MKTX MARKETAXESS HLDGS INC | Financial Services | 14.8% | $385.3m | 3,395,000 | 81% | added |
| 2 | ABCB AMERIS BANCORP | Financial Services | 9.5% | $246.6m | 2,732,243 | -20% | reduced |
| 3 | FHN FIRST HORIZON CORPORATION | Financial Services | 9.0% | $235.9m | 9,201,256 | -36% | reduced |
| 4 | KEY KEYCORP | Financial Services | 7.3% | $190.2m | 8,250,000 | -35% | reduced |
| 5 | ALKT ALKAMI TECHNOLOGY INC | Technology | 6.4% | $167.2m | 9,225,000 | 21% | added |
| 6 | SBCF SEACOAST BKG CORP FLA | 6.1% | $158.8m | 4,775,000 | -18% | reduced | |
| 7 | AUB ATLANTIC UN BANKSHARES CORP | Financial Services | 5.8% | $150.8m | 3,565,000 | -17% | reduced |
| 8 | CBC CENTRAL BANCOMPANY | 5.4% | $139.7m | 4,600,000 | 13% | added | |
| 9 | ACIW ACI WORLDWIDE INC | Technology | 5.0% | $131.6m | 2,617,000 | 17% | added |
| 10 | PIPR PIPER SANDLER COMPANIES | 3.7% | $97.7m | 1,350,000 | 40% | added | |
| 11 | PNFP PINNACLE FINL PARTNERS INC | Financial Services | 2.8% | $73.8m | 731,537 | 625% | added |
| 12 | TRMK TRUSTMARK CORP | Financial Services | 2.8% | $72.0m | 1,565,551 | -20% | reduced |
| 13 | NTRS NORTHERN TR CORP | Financial Services | 2.3% | $60.0m | 345,000 | 16% | added |
| 14 | EGBN EAGLE BANCORPORATION INC | Financial Services | 1.9% | $48.6m | 1,713,535 | -37% | reduced |
| 15 | AMTB AMERANT BANCORP INC | 1.8% | $47.4m | 1,855,507 | 60% | added | |
| 16 | FLG FLAGSTAR BANK NATIONAL ASSOC | Financial Services | 1.7% | $45.6m | 3,050,000 | 9% | added |
| 17 | GPN GLOBAL PMTS INC | Industrials | 1.6% | $42.1m | 580,000 | 480% | added |
| 18 | TCBK TRICO BANCSHARES | Financial Services | 1.4% | $35.9m | 667,061 | 79% | added |
| 19 | MQ MARQETA INC | Technology | 1.2% | $32.1m | 7,900,000 | 7% | added |
| 20 | MYFW FIRST WESTN FINL INC | 0.9% | $23.8m | 742,630 | 4% | added | |
| 21 | IIIV I3 VERTICALS INC | 0.9% | $23.0m | 1,075,000 | 5% | added | |
| 22 | WLTH WEALTHFRONT CORP | 0.8% | $21.9m | 2,444,253 | -15% | reduced | |
| 23 | FRST PRIMIS FINANCIAL CORP | Financial Services | 0.8% | $20.1m | 1,226,283 | 8% | added |
| 24 | NBHC NATIONAL BK HLDGS CORP | Financial Services | 0.7% | $19.4m | 437,241 | 36% | added |
| 25 | BANR BANNER CORP | Financial Services | 0.7% | $17.3m | 260,156 | 33% | added |
| 26 | SCHW SCHWAB CHARLES CORP | Financial Services | 0.6% | $16.1m | 175,000 | -50% | reduced |
| 27 | PAY PAYMENTUS HOLDINGS INC | Technology | 0.6% | $14.5m | 600,000 | -18% | reduced |
| 28 | FRBT FORBRIGHT INC | 0.5% | $11.9m | 649,999 | – | new | |
| 29 | JCAP JEFFERSON CAPITAL INC | 0.4% | $10.3m | 530,598 | -0% | held | |
| 30 | COSO COASTALSOUTH BANCSHARES INC | 0.4% | $10.0m | 370,982 | 16% | added | |
| 31 | PB PROSPERITY BANCSHARES INC | Financial Services | 0.4% | $9.5m | 130,000 | -88% | reduced |
| 32 | MIAX MIAMI INTL HLDGS INC | Financial Services | 0.4% | $9.3m | 251,354 | -75% | reduced |
| 33 | FLYW FLYWIRE CORPORATION | Technology | 0.3% | $7.9m | 450,000 | -59% | reduced |
| 34 | GCMG GCM GROSVENOR INC | Financial Services | 0.3% | $7.8m | 630,180 | 0% | held |
| 35 | SMBK SMARTFINANCIAL INC | Financial Services | 0.2% | $6.4m | 137,089 | 0% | held |
| 36 | AAMI ACADIAN ASSET MANAGEMENT INC | Financial Services | 0.2% | $6.2m | 86,596 | -61% | reduced |
| 37 | SFNC SIMMONS FIRST NATL CORP | Financial Services | 0.1% | $3.4m | 150,000 | – | new |
| 38 | NEWT NEWTEKONE INC | 0.1% | $2.3m | 155,681 | -22% | reduced | |
| 39 | NPB NORTHPOINTE BANCSHARES INC. | 0.1% | $1.9m | 100,000 | -57% | reduced | |
| 40 | IBOC INTERNATIONAL BANCSHARES COR | Financial Services | 0.1% | $1.9m | 25,000 | – | new |
| 41 | BOTJ BANK OF THE JAMES FINL GP IN | 0.0% | $1.3m | 50,132 | – | new | |
| 42 | GEMINI SPACE STA INC | 0.0% | $426.0k | 100,001 | 101% | added | |
| 43 | UWMC UWM HOLDINGS CORPORATION | Financial Services | 0.0% | $229.0k | 100,000 | -72% | reduced |
What did North Reef Capital Management LP sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| V VISA INC | 28.4% | $108.8m |
| TW TRADEWEB MKTS INC | 10.3% | $39.7m |
| FIS FIDELITY NATL INFORMATION SV | 9.5% | $36.4m |
| 2682426D FIRST FNDTN INC | 9.1% | $34.9m |
| QTWO Q2 HLDGS INC | 7.7% | $29.4m |
| BANC BANC OF CALIFORNIA INC | 6.9% | $26.4m |
| FBK FB FINL CORP | 6.8% | $26.0m |
| RJF RAYMOND JAMES FINL INC | 6.0% | $23.0m |
| AXP AMERICAN EXPRESS CO | 3.9% | $15.1m |
| FIBK FIRST INTST BANCSYSTEM INC | 2.8% | $10.9m |
| VYX NCR VOYIX CORPORATION | 1.3% | $5.1m |
| SF STIFEL FINL CORP | 1.1% | $4.2m |
| FIGR FIGURE TECHNOLOGY SOLUTIO | 1.1% | $4.1m |
| AVBH AVIDBANK HLDGS INC | 0.9% | $3.5m |
| COF CAPITAL ONE FINL CORP | 0.9% | $3.4m |
| CRMT AMERICAS CAR-MART INC | 0.9% | $3.3m |
| KLAR KLARNA GROUP PLC | 0.8% | $2.9m |
| USCB USCB FINANCIAL HOLDINGS INC | 0.6% | $2.4m |
| CVBF CVB FINL CORP | 0.5% | $1.9m |
| RBB RBB BANCORP | 0.4% | $1.4m |
| RNST RENASANT CORP | 0.1% | $539.2k |
Sector mix
| Sector | Weight |
|---|---|
| Financial Services | 63.7% |
| Technology | 13.5% |
| Industrials | 1.6% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is North Reef Capital Management LP's portfolio?
Across every quarter North Reef Capital Management LP has filed, its median largest position is 13.0% of the book and its median top-ten weight is 69.3%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 21.0 completed holding spells, the median lasted 1.0 quarters; 43.0 positions are still open and their final length is unknown.