North Reef Capital Management LP 13F holdings
North Reef Capital Management LP reported 43 positions with a total reported value of $2.6B as of 2026-06-30, in its 13F for Q2 2026, filed 2026-08-14. Top holdings by reported value: MKTX MARKETAXESS HLDGS INC (14.8%), ABCB AMERIS BANCORP (9.5%), FHN FIRST HORIZON CORPORATION (9.0%), KEY KEYCORP (7.3%), ALKT ALKAMI TECHNOLOGY INC (6.4%). Against 2026-03-31 it opened 4 new positions and exited 21. Next 13F due by 2026-11-14, the legal deadline 45 days after the quarter ending 2026-09-30.
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Top holdings
25 largest of 43 positions · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| MKTX MARKETAXESS HLDGS INC | 3,395,000 | $385.3M | 14.8% |
| ABCB AMERIS BANCORP | 2,732,243 | $246.6M | 9.5% |
| FHN FIRST HORIZON CORPORATION | 9,201,256 | $235.9M | 9.0% |
| KEY KEYCORP | 8,250,000 | $190.2M | 7.3% |
| ALKT ALKAMI TECHNOLOGY INC | 9,225,000 | $167.2M | 6.4% |
| SEACOAST BKG CORP FLA | 4,775,000 | $158.8M | 6.1% |
| AUB ATLANTIC UN BANKSHARES CORP | 3,565,000 | $150.8M | 5.8% |
| CBC CENTRAL BANCOMPANY | 4,600,000 | $139.7M | 5.4% |
| ACIW ACI WORLDWIDE INC | 2,617,000 | $131.6M | 5.0% |
| PIPR PIPER SANDLER COMPANIES | 1,350,000 | $97.7M | 3.7% |
| PNFP PINNACLE FINL PARTNERS INC | 731,537 | $73.8M | 2.8% |
| TRMK TRUSTMARK CORP | 1,565,551 | $72.0M | 2.8% |
| NTRS NORTHERN TR CORP | 345,000 | $60.0M | 2.3% |
| EGBN EAGLE BANCORPORATION INC | 1,713,535 | $48.6M | 1.9% |
| AMTB AMERANT BANCORP INC | 1,855,507 | $47.4M | 1.8% |
| FLG FLAGSTAR BANK NATIONAL ASSOC | 3,050,000 | $45.6M | 1.7% |
| GLOBAL PMTS INC | 580,000 | $42.1M | 1.6% |
| TCBK TRICO BANCSHARES | 667,061 | $35.9M | 1.4% |
| MQ MARQETA INC | 7,900,000 | $32.1M | 1.2% |
| FIRST WESTN FINL INC | 742,630 | $23.8M | 0.9% |
| IIIV I3 VERTICALS INC | 1,075,000 | $23.0M | 0.9% |
| WLTH WEALTHFRONT CORP | 2,444,253 | $21.9M | 0.8% |
| FRST PRIMIS FINANCIAL CORP | 1,226,283 | $20.1M | 0.8% |
| NATIONAL BK HLDGS CORP | 437,241 | $19.4M | 0.7% |
| BANR BANNER CORP | 260,156 | $17.3M | 0.7% |
SEC FORM 13F · Q2 2026 · VALUES AS REPORTED, NOT PRICES
New positions this quarter
Held at 2026-06-30, not at 2026-03-31 · 4 in all · reported value as of 2026-06-30
Sold out
Held at 2026-03-31, gone by 2026-06-30 · 21 in all · reported value as of 2026-03-31
| Holding | Shares 2026-03-31 | Reported value | % of portfolio then |
|---|---|---|---|
| V VISA INC | 360,000 | $108.8M | 3.7% |
| TRADEWEB MKTS INC | 337,071 | $39.7M | 1.4% |
| FIS FIDELITY NATL INFORMATION SV | 775,000 | $36.4M | 1.3% |
| FIRST FNDTN INC | 5,911,778 | $34.9M | 1.2% |
| QTWO Q2 HLDGS INC | 620,814 | $29.4M | 1.0% |
| BANC BANC OF CALIFORNIA INC | 1,500,000 | $26.4M | 0.9% |
| FB FINL CORP | 500,000 | $26.0M | 0.9% |
| RJF RAYMOND JAMES FINL INC | 159,162 | $23.0M | 0.8% |
| AXP AMERICAN EXPRESS CO | 50,000 | $15.1M | 0.5% |
| FIBK FIRST INTST BANCSYSTEM INC | 325,157 | $10.9M | 0.4% |
| VYX NCR VOYIX CORPORATION | 810,732 | $5.1M | 0.2% |
| STIFEL FINL CORP | 57,230 | $4.2M | 0.1% |
| FIGR FIGURE TECHNOLOGY SOLUTIO | 119,398 | $4.1M | 0.1% |
| AVBH AVIDBANK HLDGS INC | 123,022 | $3.5M | 0.1% |
| COF CAPITAL ONE FINL CORP | 18,659 | $3.4M | 0.1% |
| AMERICAS CAR-MART INC | 258,637 | $3.3M | 0.1% |
| KLAR KLARNA GROUP PLC | 223,820 | $2.9M | 0.1% |
| USCB USCB FINANCIAL HOLDINGS INC | 128,093 | $2.4M | <0.1% |
| CVB FINL CORP | 100,000 | $1.9M | <0.1% |
| RBB RBB BANCORP | 64,150 | $1.4M | <0.1% |
| RNST RENASANT CORP | 14,923 | $539.2K | <0.1% |
Biggest increases and decreases
Positions held at both quarter ends, by change in shares · reported value as of 2026-06-30
Increases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| MKTX MARKETAXESS HLDGS INC | 1,875,000 | 3,395,000 | +81.1% | $385.3M |
| PNFP PINNACLE FINL PARTNERS INC | 100,935 | 731,537 | +624.8% | $73.8M |
| GLOBAL PMTS INC | 100,000 | 580,000 | +480.0% | $42.1M |
| ALKT ALKAMI TECHNOLOGY INC | 7,650,000 | 9,225,000 | +20.6% | $167.2M |
| PIPR PIPER SANDLER COMPANIES | 964,632 | 1,350,000 | +39.9% | $97.7M |
| ACIW ACI WORLDWIDE INC | 2,230,000 | 2,617,000 | +17.4% | $131.6M |
| AMTB AMERANT BANCORP INC | 1,160,488 | 1,855,507 | +59.9% | $47.4M |
| CBC CENTRAL BANCOMPANY | 4,075,000 | 4,600,000 | +12.9% | $139.7M |
| TCBK TRICO BANCSHARES | 373,141 | 667,061 | +78.8% | $35.9M |
| NTRS NORTHERN TR CORP | 298,559 | 345,000 | +15.6% | $60.0M |
| NATIONAL BK HLDGS CORP | 320,352 | 437,241 | +36.5% | $19.4M |
| BANR BANNER CORP | 195,449 | 260,156 | +33.1% | $17.3M |
Decreases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| FHN FIRST HORIZON CORPORATION | 14,453,208 | 9,201,256 | -36.3% | $235.9M |
| KEY KEYCORP | 12,650,000 | 8,250,000 | -34.8% | $190.2M |
| PB PROSPERITY BANCSHARES INC | 1,107,877 | 130,000 | -88.3% | $9.5M |
| ABCB AMERIS BANCORP | 3,423,243 | 2,732,243 | -20.2% | $246.6M |
| SEACOAST BKG CORP FLA | 5,825,000 | 4,775,000 | -18.0% | $158.8M |
| AUB ATLANTIC UN BANKSHARES CORP | 4,285,000 | 3,565,000 | -16.8% | $150.8M |
| MIAMI INTL HLDGS INC | 1,014,274 | 251,354 | -75.2% | $9.3M |
| EGBN EAGLE BANCORPORATION INC | 2,706,025 | 1,713,535 | -36.7% | $48.6M |
| TRMK TRUSTMARK CORP | 1,952,930 | 1,565,551 | -19.8% | $72.0M |
| SCHW SCHWAB CHARLES CORP | 350,000 | 175,000 | -50.0% | $16.1M |
| FLYW FLYWIRE CORPORATION | 1,100,000 | 450,000 | -59.1% | $7.9M |
| AAMI ACADIAN ASSET MANAGEMENT INC | 220,239 | 86,596 | -60.7% | $6.2M |
CIK 1867831 · 13F FILINGS ON EDGAR · INFORMATIONAL ONLY
