North Reef Capital Management LP 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
North Reef Capital Management LP disclosed 46 US equity positions worth $2.3bn in its Q1 2025 13F filing. The largest position was CMA at 10.6% of the reported book, followed by FHN and GPN. Against the Q4 2024 filing, it opened 14 new positions, added to 23 and reduced 7 among the top 46 holdings.
What did North Reef Capital Management LP own in Q1 2025? Top 46 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | CMA COMERICA INC | 10.6% | $244.0m | 4,132,000 | 2% | added | |
| 2 | FHN FIRST HORIZON CORPORATION | Financial Services | 10.4% | $240.3m | 12,375,000 | 3% | added |
| 3 | GPN GLOBAL PMTS INC | Industrials | 8.5% | $197.3m | 2,014,700 | 128% | added |
| 4 | WFC WELLS FARGO CO NEW | Financial Services | 7.4% | $170.5m | 2,375,000 | 12% | added |
| 5 | TCBI TEXAS CAP BANCSHARES INC | Financial Services | 6.8% | $157.8m | 2,112,223 | 128% | added |
| 6 | ABCB AMERIS BANCORP | Financial Services | 6.3% | $144.6m | 2,511,445 | -1% | reduced |
| 7 | ACIW ACI WORLDWIDE INC | Technology | 6.0% | $138.0m | 2,522,888 | 18% | added |
| 8 | SBCF SEACOAST BKG CORP FLA | 5.8% | $134.4m | 5,223,924 | 23% | added | |
| 9 | PINNACLE FINL PARTNERS INC | 5.4% | $125.7m | 1,185,000 | -39% | reduced | |
| 10 | SYU1 SYNOVUS FINL CORP | 4.8% | $112.1m | 2,397,500 | 3% | added | |
| 11 | MKTX MARKETAXESS HLDGS INC | Financial Services | 3.4% | $77.9m | 360,000 | 33% | added |
| 12 | AVDX AVIDXCHANGE HOLDINGS INC | 3.2% | $73.6m | 8,675,000 | 9% | added | |
| 13 | QTWO Q2 HLDGS INC | Technology | 2.9% | $66.0m | 825,000 | 6% | added |
| 14 | AUB ATLANTIC UN BANKSHARES CORP | Financial Services | 2.3% | $53.0m | 1,700,500 | -18% | reduced |
| 15 | HTH HILLTOP HOLDINGS INC | Financial Services | 1.6% | $36.2m | 1,190,000 | 499% | added |
| 16 | MQ MARQETA INC | Technology | 1.5% | $35.2m | 8,550,000 | 10% | added |
| 17 | 2682426D FIRST FNDTN INC | 1.3% | $29.1m | 5,609,000 | 28% | added | |
| 18 | PIPR PIPER SANDLER COMPANIES | Financial Services | 1.2% | $27.2m | 110,000 | 29% | added |
| 19 | EGBN EAGLE BANCORP INC MD | Financial Services | 1.0% | $22.4m | 1,067,781 | 10% | added |
| 20 | SCHW SCHWAB CHARLES CORP | Financial Services | 0.9% | $21.5m | 275,000 | -27% | reduced |
| 21 | TFC TRUIST FINL CORP | Financial Services | 0.9% | $20.6m | 500,001 | – | new |
| 22 | UCB UNITED CMNTY BKS BLAIRSVLE G | Financial Services | 0.8% | $17.6m | 625,000 | – | new |
| 23 | V VISA INC | Financial Services | 0.8% | $17.5m | 50,000 | – | new |
| 24 | BMRC BANK MARIN BANCORP | Financial Services | 0.6% | $13.9m | 632,000 | 34% | added |
| 25 | LF2 PACIFIC PREMIER BANCORP | 0.6% | $12.9m | 605,856 | – | new | |
| 26 | CRMT AMERICAS CAR-MART INC | 0.5% | $12.7m | 280,000 | 23% | added | |
| 27 | AAMI ACADIAN ASSET MANAGEMENT INC | Financial Services | 0.5% | $12.7m | 489,697 | -7% | reduced |
| 28 | FLYW FLYWIRE CORPORATION | Technology | 0.5% | $11.4m | 1,200,000 | -27% | reduced |
| 29 | KEY KEYCORP | Financial Services | 0.4% | $9.6m | 600,000 | – | new |
| 30 | VYX NCR VOYIX CORPORATION | Technology | 0.4% | $8.8m | 900,000 | 124% | added |
| 31 | NPB NORTHPOINTE BANCSHARES INC. | 0.4% | $8.7m | 601,345 | – | new | |
| 32 | AMG AFFILIATED MANAGERS GROUP IN | Financial Services | 0.4% | $8.4m | 50,000 | 83% | added |
| 33 | CPF CENTRAL PAC FINL CORP | Financial Services | 0.3% | $8.1m | 298,482 | 58% | added |
| 34 | MYFW FIRST WESTN FINL INC | 0.3% | $7.5m | 379,178 | 21% | added | |
| 35 | FOUR SHIFT4 PMTS INC | Technology | 0.3% | $6.5m | 80,000 | -36% | reduced |
| 36 | BUSE FIRST BUSEY CORP | Financial Services | 0.3% | $5.8m | 269,929 | – | new |
| 37 | GCMG GCM GROSVENOR INC | Financial Services | 0.2% | $4.9m | 366,880 | – | new |
| 38 | ALKT ALKAMI TECHNOLOGY INC | Technology | 0.2% | $3.7m | 139,414 | -0% | held |
| 39 | GNTYUSD GUARANTY BANCSHARES INC TEX | 0.1% | $2.4m | 60,100 | – | new | |
| 40 | PRTH PRIORITY TECHNOLOGY HLDGS IN | 0.1% | $2.4m | 350,000 | – | new | |
| 41 | BILL BILL HOLDINGS INC | Technology | 0.1% | $1.9m | 42,335 | 348% | added |
| 42 | EBC EASTERN BANKSHARES INC | Financial Services | 0.1% | $1.6m | 100,000 | – | new |
| 43 | RPAY REPAY HLDGS CORP | Technology | 0.1% | $1.6m | 280,683 | -0% | held |
| 44 | FSUN FIRSTSUN CAP BANCORP | 0.1% | $1.5m | 40,679 | – | new | |
| 45 | NCNO NCINO INC | Technology | 0.1% | $1.4m | 50,000 | – | new |
| 46 | STELLAR BANCORP INC | 0.0% | $553.2k | 20,000 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.