North Reef Capital Management as of Sept. 30, 2025
Portfolio Holdings for North Reef Capital Management
North Reef Capital Management holds 43 positions in its portfolio as reported in the September 2025 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| First Horizon National Corporation (FHN) | 13.1 | $280M | 12M | 22.61 | |
| Cadence Bank (CADE) | 12.4 | $265M | 7.1M | 37.54 | |
| Comerica Incorporated (CMA) | 11.4 | $245M | 3.6M | 68.52 | |
| MarketAxess Holdings (MKTX) | 7.4 | $159M | 911k | 174.25 | |
| Seacoast Bkg Corp Fla Com New (SBCF) | 7.1 | $152M | 5.0M | 30.43 | |
| Ameris Ban (ABCB) | 6.8 | $145M | 2.0M | 73.31 | |
| Atlantic Union B (AUB) | 6.1 | $131M | 3.7M | 35.29 | |
| Q2 Holdings (QTWO) | 5.7 | $122M | 1.7M | 72.39 | |
| ACI Worldwide (ACIW) | 4.4 | $94M | 1.8M | 52.77 | |
| Stellar Bancorp Ord (STEL) | 2.6 | $56M | 1.8M | 30.34 | |
| Eagle Ban (EGBN) | 2.5 | $53M | 2.6M | 20.22 | |
| Piper Jaffray Companies (PIPR) | 2.5 | $53M | 152k | 346.99 | |
| Texas Capital Bancshares (TCBI) | 2.2 | $47M | 555k | 84.53 | |
| First Fndtn (FFWM) | 1.8 | $38M | 6.9M | 5.57 | |
| Visa Com Cl A (V) | 1.7 | $36M | 105k | 341.38 | |
| Miami Intl Hldgs | 1.4 | $29M | 726k | 40.26 | |
| First Interstate Bancsystem (FIBK) | 1.3 | $27M | 850k | 31.87 | |
| Northern Trust Corporation (NTRS) | 1.2 | $26M | 190k | 134.60 | |
| Brightsphere Investment Group (AAMI) | 1.2 | $25M | 512k | 48.16 | |
| Marqeta Class A Com (MQ) | 1.1 | $25M | 4.7M | 5.28 | |
| First Westn Finl (MYFW) | 0.7 | $14M | 618k | 23.02 | |
| NCR Corporation (VYX) | 0.5 | $11M | 840k | 12.55 | |
| Primis Financial Corp (FRST) | 0.5 | $10M | 975k | 10.51 | |
| Flywire Corporation Com Vtg (FLYW) | 0.4 | $8.8M | 650k | 13.54 | |
| Figure Technology Solutio Com Cl A | 0.4 | $8.7M | 240k | 36.37 | |
| Shift4 Pmts Cl A (FOUR) | 0.4 | $8.0M | 103k | 77.40 | |
| America's Car-Mart (CRMT) | 0.4 | $7.9M | 270k | 29.21 | |
| Gcm Grosvenor Com Cl A (GCMG) | 0.3 | $6.4M | 526k | 12.07 | |
| Gemini Space Sta Cl A Com | 0.3 | $5.9M | 245k | 23.96 | |
| Jefferson Capital (JCAP) | 0.2 | $5.1M | 296k | 17.26 | |
| Bullish Ord Shs | 0.2 | $5.1M | 80k | 63.61 | |
| Northpointe Bancshares Com Shs (NPB) | 0.2 | $4.8M | 284k | 17.08 | |
| Coastalsouth Bancshares Com New (COSO) | 0.2 | $4.8M | 221k | 21.81 | |
| Spdr Series Trust S&p Regl Bkg (KRE) | 0.2 | $4.7M | 75k | 63.30 | |
| Tradeweb Mkts Cl A (TW) | 0.2 | $4.6M | 41k | 110.98 | |
| Newtekone Com New (NEWT) | 0.2 | $4.4M | 387k | 11.45 | |
| Avidbank Holdings (AVBH) | 0.2 | $3.6M | 142k | 25.50 | |
| Alkami Technology (ALKT) | 0.1 | $3.2M | 128k | 24.84 | |
| Cme (CME) | 0.1 | $3.0M | 11k | 270.19 | |
| Smartfinancial Com New (SMBK) | 0.1 | $3.0M | 85k | 35.73 | |
| Columbia Banking System (COLB) | 0.1 | $2.6M | 100k | 25.74 | |
| Marex Group Ord (MRX) | 0.1 | $1.8M | 52k | 33.62 | |
| Civista Bancshares Com No Par (CIVB) | 0.0 | $605k | 30k | 20.31 |
