Fourthstone LLC

ST LOUIS, MO · CIK 1767803 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2019 · limited liability company

Assets managed$1.2bn
Staff12 · 7 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 (3 hedge) · $1.2bn gross assets
Main officeSt. Louis, MO
Form ADV · 2026-03-30SEC adviser record

Legal entityFourthstone LLC (US)

$140.5m reported value -76.2% vs Q1 2026

25positions

80.7%in top 10

6 new 3 added 15 reduced 43 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	AVIDBANK HLDGS INC COM AVBH	AVBH	700,818	$23.1m16.48%	16.48%	Reduced -345.8k	-345,764 -33.0%
2	FIRST NORTHN CMNTY BANCORP COM FNRN	FNRN	1,150,060	$20.6m14.69%	14.69%	New
3	EAGLE FINL SVCS INC COM EFSI	EFSI	287,575	$11.9m8.49%	8.49%	Reduced -244.6k	-244,624 -46.0%
4	MERIDIAN CORP COM MRBK	MRBK	538,390	$10.8m7.68%	7.68%	Reduced -636.9k	-636,911 -54.2%
5	FIRST NORTHWEST BANCORP COM FNWB	FNWB	925,038	$10.0m7.13%	7.13%	Added +770	+770 0.1%
6	INVESTAR HOLDING CORP COM ISTR	ISTR	322,428	$9.7m6.88%	6.88%	Reduced -505.0k	-504,961 -61.0%
7	BANK OF THE JAMES FINL GP IN COM BOTJ	BOTJ	334,491	$8.6m6.12%	6.12%	Reduced -51.0k	-51,007 -13.2%
8	PROVIDENT FINL HLDGS INC COM PROV	PROV	369,973	$6.4m4.57%	4.57%	Added +4.3k	+4,341 1.2%
9	BURKE HERBERT FINL SVCS CORP COM BHRB	BHRB	84,248	$6.1m4.37%	4.37%	Reduced -162.2k	-162,173 -65.8%
10	COASTALSOUTH BANCSHARES INC COM NEW COSO	COSO	225,211	$6.1m4.33%	4.33%	Reduced -875.3k	-875,293 -79.5%
11	CF BANKSHARES INC COM CFBK	CFBK	159,824	$5.3m3.75%	3.75%	Reduced -479.6k	-479,554 -75.0%
12	FIRST CAROLINA FINL SVCS INC COMMON STOCK FCBM	FCBM	377,228	$5.0m3.56%	3.56%	New
13	HANOVER BANCORP INC COM HNVR	HNVR	144,216	$3.4m2.42%	2.42%	Reduced -377.4k	-377,435 -72.3%
14	COLONY BANKCORP INC COM CBAN	CBAN	166,465	$3.3m2.38%	2.38%	Reduced -1.9m	-1,898,421 -91.9%
15	WATERSTONE FINL INC MD COM WSBF	WSBF	98,910	$2.1m1.46%	1.46%	Reduced -192.3k	-192,281 -66.0%
16	PRINCETON BANCORP INC COM BPRN	BPRN	53,218	$2.0m1.44%	1.44%	Added +10.7k	+10,733 25.3%
17	MAINSTREET BANCSHARES INC COM MNSB	MNSB	47,432	$1.2m0.84%	0.84%	Reduced -337.4k	-337,370 -87.7%
18	BCB BANCORP INC COM BCBP	BCBP	100,903	$1.1m0.77%	0.77%	New
19	RIVERVIEW BANCORP INC COM RVSB	RVSB	169,041	$917.9k0.65%	0.65%	New
20	FINWARD BANCORP COM FNWD	FNWD	20,976	$771.5k0.55%	0.55%	New
21	AMES NATL CORP COM ATLO	ATLO	16,768	$542.8k0.39%	0.39%	Reduced -666.5k	-666,482 -97.5%
22	AUBURN NATL BANCORP COM AUBN	AUBN	17,806	$481.5k0.34%	0.34%	New
23	TEXAS COMMUNITY BANCSHARES I COM TCBS	TCBS	20,894	$370.2k0.26%	0.26%	Unchanged
24	VIRGINIA NATL BANKSHARES COR COM VABK	VABK	7,374	$327.3k0.23%	0.23%	Reduced -1.1k	-1,063 -12.6%
25	CB FINL SVCS INC COM CBFV	CBFV	8,083	$311.5k0.22%	0.22%	Reduced -2.2k	-2,162 -21.1%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CARTER BANKSHARES INC CARE	CARE	1,502,119	$35.0m1.5m shares
COMMUNITY WEST BANCSHARES NE CWBC	CWBC	1,362,205	$31.7m1.4m shares
FIRST NATL CORP VA FXNC	FXNC	774,119	$20.8m774.1k shares
PARKE BANCORP INC PKBK	PKBK	700,349	$19.9m700.3k shares
FVCBANKCORP INC FVCB	FVCB	1,275,574	$19.4m1.3m shares
FIRST CMNTY CORP S C FCCO	FCCO	595,521	$17.4m595.5k shares
LINKBANCORP INC LNKB	LNKB	1,781,185	$14.9m1.8m shares
OAK VY BANCORP OAKDALE CALIF OVLY	OVLY	411,189	$13.3m411.2k shares
MID PENN BANCORP INC MPB	MPB	367,386	$11.8m367.4k shares
EAGLE BANCORP MONT INC EBMT	EBMT	551,952	$11.4m552.0k shares
NATIONAL BANKSHARES INC VA NKSH	NKSH	288,567	$10.5m288.6k shares
METROPOLITAN BK HLDG CORP MCB	MCB	125,601	$10.5m125.6k shares
PRIMIS FINANCIAL CORP FRST	FRST	731,358	$9.7m731.4k shares
OHIO VY BANC CORP OVBC	OVBC	219,663	$9.6m219.7k shares
TIMBERLAND BANCORP INC TSBK	TSBK	230,328	$9.1m230.3k shares
SHORE BANCSHARES INC SHBI	SHBI	421,457	$7.9m421.5k shares
PEOPLES BANCORP N C INC PEBK	PEBK	194,918	$7.6m194.9k shares
PLUMAS BANCORP PLBC	PLBC	148,183	$7.2m148.2k shares
TRUIST FINL CORP TFC	TFC	153,100	$7.0m153.1k shares
UNITED SEC BANCSHARES CALIF UBFO	UBFO	664,342	$7.0m664.3k shares
TOWNEBANK PORTSMOUTH VA TOWN	TOWN	200,884	$6.8m200.9k shares
BUSINESS FIRST BANCSHARES IN BFST	BFST	231,075	$6.2m231.1k shares
EAGLE BANCORP INC MD EGBN	EGBN	212,341	$5.3m212.3k shares
CNB FINL CORP PA CCNE	CCNE	163,521	$4.7m163.5k shares
PROSPERITY BANCSHARES INC PB	PB	69,500	$4.7m69.5k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
American Riviera Bancorp ARBV · 13G · filed 2026-02-13	ARBV	9.9%	+1.8 pts	13G	2026-02-13
White River Bancshares Co WRIV · 13G · filed 2026-05-15	WRIV	9.8%	+1.5 pts	13G	2026-05-15
Community Heritage Financial Inc. CMHF · 13G · filed 2025-11-14	CMHF	9.6%	+1.1 pts	13G	2025-11-14
Ledyard Financial Group Inc LFGP · 13G · filed 2025-05-13	LFGP	9.3%	+3.0 pts	13G	2025-05-13
QNB CORP QNBC · 13G · filed 2025-08-14	QNBC	9.3%		13G	2025-08-14
Foresight Financial Group, Inc. FGFH · 13G · filed 2026-08-14	FGFH	9.1%	+2.3 pts	13G	2026-08-14
F&M BANK CORP FMBM · 13G · filed 2026-08-14	FMBM	9.0%	-1.0 pts	13G	2026-08-14
EMBASSY BANCORP INC EMYB · 13G · filed 2025-08-14	EMYB	9.0%	+2.3 pts	13G	2025-08-14
MUNCY COLUMBIA FINL CORP CCFN · 13G · filed 2026-08-14	CCFN	7.8%	new	13G	2026-08-14
BANK OF THE JAMES FINL GP IN BOTJ · 13G · filed 2026-08-14	BOTJ	7.4%≈ $8.5m	-1.1 pts	13G	2026-08-14
CONSUMERS BANCORP INC CBKM · 13G · filed 2026-08-14	CBKM	7.4%	new	13G	2026-08-14
AVIDBANK HLDGS INC AVBH · 13G · filed 2026-08-14	AVBH	6.4%≈ $23.1m		13G	2026-08-14
SOUTHERN MICH BANCORP IN SOMC · 13G · filed 2026-05-15	SOMC	5.5%	new	13G	2026-05-15
PROVIDENT FINL HLDGS INC PROV · 13G · filed 2026-02-13	PROV	5.4%≈ $6.1m	new	13G	2026-02-13
EAGLE FINL SVCS INC EFSI · 13G · filed 2026-08-14	EFSI	5.3%≈ $11.9m	-4.5 pts	13G	2026-08-14