Petiole USA ltd

New York, NY · CIK 1600202 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2012 · corporation

Assets managed$1.1bn
Staff7 · 3 in investment roles
Main clients (by assets)Other advisers 100%
Form ADV · 2026-03-31SEC adviser record

Others nearbyNew York, NY

$139.1m reported value -2.7% vs Q1 2026

31positions

54.9%in top 10

0 new 1 added 19 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COMMERCIAL BANCGROUP INC COM CBK	CBK	291,014	$9.4m6.75%	6.75%	Unchanged
2	FIRST NATL CORP VA COM FXNC	FXNC	305,340	$9.2m6.59%	6.59%	Reduced -2.6k	-2,600 -0.8%
3	COLONY BANKCORP INC COM CBAN	CBAN	448,563	$9.0m6.48%	6.48%	Reduced -6.2k	-6,200 -1.4%
4	RENASANT CORP COM RNST	RNST	194,245	$8.3m5.94%	5.94%	Reduced -1.1k	-1,100 -0.6%
5	BANC OF CALIFORNIA INC COM BANC	BANC	397,168	$8.1m5.83%	5.83%	Added +1	+1 0.0%
6	ORRSTOWN FINL SVCS INC COM ORRF	ORRF	167,766	$6.8m4.92%	4.92%	Reduced -4.0k	-4,000 -2.3%
7	MID PENN BANCORP INC COM MPB	MPB	192,411	$6.7m4.82%	4.82%	Reduced -2.1k	-2,100 -1.1%
8	HANCOCK WHITNEY CORPORATION COM HWC	HWC	86,218	$6.4m4.63%	4.63%	Unchanged
9	CNB FINL CORP PA COM CCNE	CCNE	189,241	$6.4m4.58%	4.58%	Unchanged
10	CARTER BANKSHARES INC COM NEW CARE	CARE	179,222	$6.1m4.38%	4.38%	Reduced -202.2k	-202,151 -53.0%
11	UMB FINL CORP COM UMBF	UMBF	42,622	$6.1m4.37%	4.37%	Unchanged
12	WESTERN ALLIANCE BANCORP COM WAL	WAL	65,838	$5.4m3.89%	3.89%	Reduced -12.7k	-12,665 -16.1%
13	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	2,415	$5.0m3.61%	3.61%	Unchanged
14	WINTRUST FINL CORP COM WTFC	WTFC	29,750	$4.8m3.44%	3.44%	Unchanged
15	FIRST MERCHANTS CORP COM FRME	FRME	94,047	$4.1m2.95%	2.95%	Unchanged
16	CALIFORNIA BANCORP COM BCAL	BCAL	189,804	$4.0m2.84%	2.84%	Reduced -2.5k	-2,500 -1.3%
17	PRIMIS FINANCIAL CORP COM FRST	FRST	230,222	$3.8m2.71%	2.71%	Unchanged
18	SHORE BANCSHARES INC COM SHBI	SHBI	147,487	$3.4m2.43%	2.43%	Unchanged
19	EQUITY BANCSHARES INC COM CL A EQBK	EQBK	57,364	$2.8m2.02%	2.02%	Unchanged
20	FIRST NORTHWEST BANCORP COM FNWB	FNWB	254,197	$2.7m1.97%	1.97%	Reduced -3.7k	-3,700 -1.4%
21	FIRST BK WILLIAMSTOWN NEW JE COM FRBA	FRBA	154,660	$2.7m1.97%	1.97%	Unchanged
22	CITIZENS FINL GROUP INC COM CFG	CFG	37,217	$2.6m1.87%	1.87%	Reduced -19.8k	-19,837 -34.8%
23	PINNACLE FINL PARTNERS INC COM PNFP	PNFP	25,694	$2.6m1.86%	1.86%	Reduced -14.7k	-14,711 -36.4%
24	HANMI FINL CORP COM NEW HAFC	HAFC	68,451	$2.2m1.59%	1.59%	Reduced -1.4k	-1,400 -2.0%
25	F N B CORP COM FNB	FNB	99,250	$1.9m1.36%	1.36%	Reduced -50.9k	-50,901 -33.9%
26	HUNTINGTON BANCSHARES INC COM HBAN	HBAN	106,040	$1.9m1.35%	1.35%	Reduced -62.9k	-62,900 -37.2%
27	COLUMBIA BKG SYS INC COM COLB	COLB	51,752	$1.7m1.19%	1.19%	Reduced -25.3k	-25,338 -32.9%
28	EAST WEST BANCORP INC COM EWBC	EWBC	12,600	$1.6m1.17%	1.17%	Reduced -6.0k	-6,000 -32.3%
29	SOUTHSTATE BK CORP COM SSB	SSB	14,575	$1.5m1.05%	1.05%	Reduced -7.5k	-7,450 -33.8%
30	BANNER CORP COM NEW BANR	BANR	19,615	$1.3m0.94%	0.94%	Reduced -11.5k	-11,470 -36.9%
31	SB FINL GROUP INC COM SBFG	SBFG	26,437	$668.1k0.48%	0.48%	Reduced -142.4k	-142,381 -84.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
WEBSTER FINL CORP WBS	WBS	101,875	$7.1m101.9k shares