Petiole USA ltd

CIK 0001600202 · Q2 2026

13F Equity AUM

$139.1M

-2.7% QoQ

Positions

-1 QoQ

AUM Rank

#7,364

Top 84%

Skill Alpha (FF)

-1.0%/yr^ns

No Clear Edge

Rank #4,258 · Top 51%

vs S&P -3.1%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 31.6%Top 10: 54.9%Top 20: 85.2%

CBK6.8%

FXNC6.6%

CBAN6.5%

RNST5.9%

BANC5.8%

ORRF4.9%

MPB4.8%

HWC4.6%

CCNE4.6%

CARE4.4%

Others (21)45.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services100.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 31Median: 2.84%Avg: 3.23%

0–0.5%

1(0.5%)

0.5–1%

1(0.9%)

1–3%

15(28.4%)

3–5%

9(38.6%)

5%+

5(31.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 31vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased1Decreased19Exited1

Increased

BANC5.8%

+1(0%)

Decreased

CARE4.4%

-202,151(-53%)

SBFG0.5%

-142,381(-84%)

HBAN1.4%

-62,900(-37%)

FNB1.4%

-50,901(-34%)

COLB1.2%

-25,338(-33%)

CFG1.9%

-19,837(-35%)

PNFP1.9%

-14,711(-36%)

WEA3.9%

-12,665(-16%)

FW2N0.9%

-11,470(-37%)

SSB1.1%

-7,450(-34%)

Exited

WBS

-101,875

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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