Petiole USA ltd

Est. AUM

$143.0M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	COLONY BANKCORP INC	COM	$9.1M	454763	6.35%	SOLE
2	CARTER BANKSHARES INC	COM NEW	$8.9M	381373	6.22%	SOLE
3	FIRST NATL CORP VA	COM	$8.3M	307940	5.80%	SOLE
4	COMMERCIAL BANCGROUP INC	COM	$7.6M	291014	5.29%	SOLE
5	WEBSTER FINL CORP	COM	$7.1M	101875	4.95%	SOLE
6	RENASANT CORP	COM	$7.1M	195345	4.94%	SOLE
7	BANC OF CALIFORNIA INC	COM	$7.0M	397167	4.88%	SOLE
8	MID PENN BANCORP INC	COM	$6.3M	194511	4.37%	SOLE
9	ORRSTOWN FINL SVCS INC	COM	$6.2M	171766	4.33%	SOLE
10	WESTERN ALLIANCE BANCORP	COM	$5.6M	78503	3.89%	SOLE
11	HANCOCK WHITNEY CORPORATION	COM	$5.5M	86218	3.83%	SOLE
12	CNB FINL CORP PA	COM	$5.5M	189241	3.83%	SOLE
13	UMB FINL CORP	COM	$4.8M	42622	3.36%	SOLE
14	FIRST CTZNS BANCSHARES INC D	CL A	$4.6M	2415	3.18%	SOLE
15	WINTRUST FINL CORP	COM	$4.1M	29750	2.89%	SOLE
16	FIRST MERCHANTS CORP	COM	$3.6M	94047	2.55%	SOLE
17	SB FINL GROUP INC	COM	$3.5M	168818	2.48%	SOLE
18	PINNACLE FINL PARTNERS INC	COM	$3.5M	40405	2.43%	SOLE
19	CITIZENS FINL GROUP INC	COM	$3.4M	57054	2.39%	SOLE
20	CALIFORNIA BANCORP	COM	$3.4M	192304	2.38%	SOLE
21	PRIMIS FINANCIAL CORP	COM	$3.1M	230222	2.14%	SOLE
22	SHORE BANCSHARES INC	COM	$2.8M	147487	1.93%	SOLE
23	HUNTINGTON BANCSHARES INC	COM	$2.6M	168940	1.85%	SOLE
24	EQUITY BANCSHARES INC	COM CL A	$2.5M	57364	1.78%	SOLE
25	F N B CORP	COM	$2.5M	150151	1.76%	SOLE
26	FIRST BK WILLIAMSTOWN NEW JE	COM	$2.5M	154660	1.73%	SOLE
27	FIRST NORTHWEST BANCORP	COM	$2.2M	257897	1.57%	SOLE
28	COLUMBIA BKG SYS INC	COM	$2.1M	77090	1.48%	SOLE
29	SOUTHSTATE BK CORP	COM	$2.0M	22025	1.43%	SOLE
30	EAST WEST BANCORP INC	COM	$2.0M	18600	1.39%	SOLE
31	BANNER CORP	COM NEW	$1.9M	31085	1.32%	SOLE
32	HANMI FINL CORP	COM NEW	$1.8M	69851	1.29%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.