Vault-13

Rhino Investment Partners, Inc

WEST CONSHOHOCKEN, PA · CIK 1828776 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2021 · corporation

As an employer

$330.5m reported value -8.0% vs Q1 2026
32positions
60.0%in top 10
5 new 11 added 16 reduced 12 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).

#SecurityTickerShares Value% of portfolioChangeShares change
1 HUNTINGTON BANCSHARES INC COM HBAN HBAN 1,815,699 $32.2m9.74% 9.74% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 881.7k, Q2 2026 1.8m +934.0k +934,021 105.9%
2 ARROW FINL CORP COM AROW AROW 847,563 $26.1m7.89% 7.89% NewShares held: Q3 2025 227.8k, Q4 2025 789.3k, Q1 2026 0, Q2 2026 847.6k
3 F N B CORP COM FNB FNB 1,346,701 $25.7m7.77% 7.77% AddedShares held: Q3 2025 906.6k, Q4 2025 816.9k, Q1 2026 1.2m, Q2 2026 1.3m +139.3k +139,283 11.5%
4 COLUMBIA BKG SYS INC COM COLB COLB 748,420 $24.0m7.26% 7.26% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 239.8k, Q2 2026 748.4k +508.6k +508,623 212.1%
5 WESTAMERICA BANCORPORATION COM WABC WABC 324,824 $19.1m5.77% 5.77% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 324.8k
6 FIRST BUSEY CORP COM NEW BUSE BUSE 580,113 $17.1m5.18% 5.18% AddedShares held: Q3 2025 0, Q4 2025 244.5k, Q1 2026 492.1k, Q2 2026 580.1k +88.0k +88,000 17.9%
7 OLD NATL BANCORP IND COM ONB ONB 624,990 $16.2m4.90% 4.90% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 292.1k, Q2 2026 625.0k +332.8k +332,845 113.9%
8 HANMI FINL CORP COM NEW HAFC HAFC 405,727 $13.1m3.98% 3.98% ReducedShares held: Q3 2025 785.8k, Q4 2025 840.9k, Q1 2026 882.0k, Q2 2026 405.7k -476.2k -476,230 -54.0%
9 WESBANCO INC COM WSBC WSBC 321,548 $12.6m3.80% 3.80% ReducedShares held: Q3 2025 0, Q4 2025 593.0k, Q1 2026 703.7k, Q2 2026 321.5k -382.2k -382,175 -54.3%
10 HOPE BANCORP INC COM HOPE HOPE 897,937 $12.3m3.72% 3.72% ReducedShares held: Q3 2025 1.9m, Q4 2025 2.4m, Q1 2026 2.6m, Q2 2026 897.9k -1.7m -1,697,344 -65.4%
11 PCB BANCORP COM PCB PCB 419,878 $11.9m3.60% 3.60% ReducedShares held: Q3 2025 452.7k, Q4 2025 425.5k, Q1 2026 426.0k, Q2 2026 419.9k -6.1k -6,106 -1.4%
12 TOWNEBANK PORTSMOUTH VA COM TOWN TOWN 305,662 $11.1m3.35% 3.35% AddedShares held: Q3 2025 0, Q4 2025 167.5k, Q1 2026 287.7k, Q2 2026 305.7k +18.0k +17,980 6.2%
13 HERITAGE FINL CORP WASH COM HFWA HFWA 373,459 $11.1m3.35% 3.35% AddedShares held: Q3 2025 0, Q4 2025 185.9k, Q1 2026 330.5k, Q2 2026 373.5k +43.0k +43,000 13.0%
14 ZIONS BANCORPORATION N A COM ZION ZION 135,198 $9.4m2.83% 2.83% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 114.6k, Q2 2026 135.2k +20.6k +20,553 17.9%
15 SIMMONS 1ST NATL CORP CL A $1 PAR SFNC SFNC 378,515 $8.6m2.59% 2.59% ReducedShares held: Q3 2025 1.3m, Q4 2025 1.4m, Q1 2026 726.9k, Q2 2026 378.5k -348.4k -348,368 -47.9%
16 PINNACLE FINL PARTNERS INC COM PNFP PNFP 82,389 $8.3m2.51% 2.51% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 29.9k, Q2 2026 82.4k +52.4k +52,441 175.1%
17 WEX INC COM WEX WEX 57,705 $8.1m2.46% 2.46% ReducedShares held: Q3 2025 56.2k, Q4 2025 42.0k, Q1 2026 61.2k, Q2 2026 57.7k -3.5k -3,500 -5.7%
18 FIRST MID ILL BANCSHARES INC COM FMBH FMBH 165,818 $8.0m2.41% 2.41% AddedShares held: Q3 2025 0, Q4 2025 128.0k, Q1 2026 157.6k, Q2 2026 165.8k +8.2k +8,237 5.2%
19 CVB FINL CORP COM CVBF CVBF 314,278 $7.1m2.14% 2.14% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 314.3k
20 FIRST CTZNS BANCSHARES INC N CL A FCNCA FCNCA 2,980 $6.2m1.88% 1.88% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 3.0k
21 TRUIST FINL CORP COM TFC TFC 112,500 $5.6m1.70% 1.70% ReducedShares held: Q3 2025 519.3k, Q4 2025 532.3k, Q1 2026 128.1k, Q2 2026 112.5k -15.6k -15,591 -12.2%
22 MERCANTILE BK CORP COM MBWM MBWM 93,925 $5.4m1.63% 1.63% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 93.9k
23 FULTON FINL CORP PA COM FULT FULT 202,777 $4.9m1.48% 1.48% ReducedShares held: Q3 2025 0, Q4 2025 409.0k, Q1 2026 840.3k, Q2 2026 202.8k -637.5k -637,542 -75.9%
24 RBB BANCORP COM RBB RBB 178,388 $4.9m1.48% 1.48% ReducedShares held: Q3 2025 253.2k, Q4 2025 309.7k, Q1 2026 338.8k, Q2 2026 178.4k -160.4k -160,422 -47.4%
25 CF BANKSHARES INC COM CFBK CFBK 135,517 $4.4m1.34% 1.34% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 125.4k, Q2 2026 135.5k +10.1k +10,140 8.1%
26 NORTHWEST BANCSHARES INC MD COM NWBI NWBI 272,320 $4.1m1.25% 1.25% ReducedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 519.7k, Q2 2026 272.3k -247.4k -247,387 -47.6%
27 TOMPKINS FINL CORP COM TMP TMP 36,042 $3.4m1.03% 1.03% ReducedShares held: Q3 2025 0, Q4 2025 88.5k, Q1 2026 166.9k, Q2 2026 36.0k -130.9k -130,899 -78.4%
28 CITIZENS CMNTY BANCORP INC M COM CZWI CZWI 144,034 $3.4m1.02% 1.02% ReducedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 162.3k, Q2 2026 144.0k -18.3k -18,278 -11.3%
29 MIDLAND STATES BANCORP INC COM MSBI MSBI 68,063 $2.1m0.64% 0.64% ReducedShares held: Q3 2025 0, Q4 2025 261.5k, Q1 2026 320.3k, Q2 2026 68.1k -252.2k -252,225 -78.8%
30 MID PENN BANCORP INC COM MPB MPB 59,419 $2.1m0.63% 0.63% ReducedShares held: Q3 2025 0, Q4 2025 87.2k, Q1 2026 232.1k, Q2 2026 59.4k -172.7k -172,653 -74.4%
31 FIRST BANCORP INC ME COM FNLC FNLC 32,225 $1.1m0.34% 0.34% ReducedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 48.6k, Q2 2026 32.2k -16.4k -16,360 -33.7%
32 QCR HOLDINGS INC COM QCRH QCRH 11,449 $1.1m0.34% 0.34% ReducedShares held: Q3 2025 0, Q4 2025 60.0k, Q1 2026 133.3k, Q2 2026 11.4k -121.9k -121,875 -91.4%

Sold out since Q1 2026

SecurityTickerShares held beforeValue then
ASSOCIATED BANC CORP ASB ASB 824,104 $21.3m824.1k shares
SOUTHERN FIRST BANCSHARES SFST SFST 210,121 $11.5m210.1k shares
BRIDGEWATER BANCSHARES INC BWB BWB 430,456 $7.6m430.5k shares
PARKE BANCORP INC PKBK PKBK 227,766 $6.5m227.8k shares
SPDR SER TR KRE KRE 91,048 $5.9m91.0k shares
WEST BANCORPORATION INC WTBA WTBA 224,038 $5.3m224.0k shares
American Business Bank AMBZ AMBZ 46,552 $3.3m46.6k shares
FVCBANKCORP INC FVCB FVCB 199,179 $3.0m199.2k shares
NATIONAL BANKSHARES INC VA NKSH NKSH 70,353 $2.6m70.4k shares
JOHN MARSHALL BANCORP INC JMSB JMSB 118,580 $2.4m118.6k shares
FARMERS & MERCHANTS BANCORP FMAO FMAO 68,746 $1.8m68.7k shares
CHEMUNG FINL CORP CHMG CHMG 21,069 $1.1m21.1k shares