PMC FIG Opportunities LLC

JERUSALEM, L3 · CIK 1899896 · 13F filing filed 2025-08-14

Exempt reporting adviser since 2021 · limited liability company

Websitepearlmanorcap.com
Form ADV · 2026-03-11SEC adviser record

$67.2m reported value +64.1% vs Q1 2025

32positions

52.0%in top 10

20 new 9 added 3 reduced 17 sold out vs Q1 2025

Options: 2 call positions ($590.5k notional), 0 put positions (— notional) – listed below, not included above.

Also in the report of:

Persistent Asset Partners Ltd – $22.7m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2025

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	CONNECTONE BANCORP INC COM CNOB	CNOB	237,259	$5.5m8.17%	8.17%	Added +96.5k	+96,533 68.6%
2	COASTAL FINL CORP WA COM NEW CCB	CCB	47,653	$4.6m6.87%	6.87%	Added +11.2k	+11,182 30.7%
3	AXOS FINANCIAL INC COM AX	AX	54,459	$4.1m6.16%	6.16%	New
4	CITIGROUP INC COM NEW C	C	47,652	$4.1m6.03%	6.03%	Added +12.7k	+12,652 36.1%
5	PAGAYA TECHNOLOGIES LTD CL A NEW PGY	PGY	182,869	$3.9m5.80%	5.80%	New
6	UMB FINL CORP COM UMBF	UMBF	27,228	$2.9m4.26%	4.26%	Added +7.2k	+7,228 36.1%
7	BANK AMERICA CORP COM BAC	BAC	54,461	$2.6m3.83%	3.83%	New
8	SOUTHSTATE CORPORATION COM SSB	SSB	27,230	$2.5m3.73%	3.73%	Reduced -1.8k	-1,770 -6.1%
9	ROCKET COS INC COM CL A RKT	RKT	170,189	$2.4m3.59%	3.59%	New
10	COINBASE GLOBAL INC COM CL A COIN	COIN	6,841	$2.4m3.57%	3.57%	New
11	AFFIRM HLDGS INC COM CL A AFRM	AFRM	31,870	$2.2m3.28%	3.28%	New
12	PATHWARD FINANCIAL INC COM CASH	CASH	27,231	$2.2m3.21%	3.21%	New
13	POPULAR INC COM NEW BPOP	BPOP	19,068	$2.1m3.13%	3.13%	New
14	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	21,882	$2.0m3.05%	3.05%	Added +5.8k	+5,799 36.1%
15	LIVE OAK BANCSHARES INC COM LOB	LOB	68,077	$2.0m3.02%	3.02%	New
16	SMARTFINANCIAL INC COM NEW SMBK	SMBK	56,943	$1.9m2.86%	2.86%	Added +33.8k	+33,843 146.5%
17	FISERV INC COM FISV	FISV	10,896	$1.9m2.79%	2.79%	New
18	SCHWAB CHARLES CORP COM SCHW	SCHW	20,422	$1.9m2.77%	2.77%	New
19	CITIZENS FINL GROUP INC COM CFG	CFG	40,848	$1.8m2.72%	2.72%	New
20	PIPER SANDLER COMPANIES COM PJC	PJC	6,309	$1.8m2.61%	2.61%	New
21	FIRST WESTN FINL INC COM MYFW	MYFW	67,877	$1.5m2.28%	2.28%	Added +38.8k	+38,813 133.5%
22	WELLS FARGO CO NEW COM WFC	WFC	18,852	$1.5m2.25%	2.25%	Added +852	+852 4.7%
23	SEACOAST BKG CORP FLA COM NEW SBCF	SBCF	54,463	$1.5m2.24%	2.24%	New
24	STIFEL FINL CORP COM SF	SF	13,619	$1.4m2.10%	2.10%	New
25	PINNACLE FINL PARTNERS INC COM COM		12,199	$1.3m2.00%	2.00%	New
26	NORTHPOINTE BANCSHARES INC. COM SHS NPB	NPB	68,075	$933.3k1.39%	1.39%	Reduced -40.9k	-40,925 -37.5%
27	TOWNEBANK PORTSMOUTH VA COM TOWN	TOWN	27,230	$930.7k1.38%	1.38%	New
28	QCR HOLDINGS INC COM QCRH	QCRH	13,615	$924.5k1.38%	1.38%	Reduced -26.4k	-26,385 -66.0%
29	ORANGE CNTY BANCORP INC COM OBT	OBT	27,230	$703.6k1.05%	1.05%	New
30	NORTHEAST BK PORTLAND ME COM NBN	NBN	6,807	$605.8k0.90%	0.90%	New
31	VERITEX HLDGS INC COM VBTX	VBTX	23,147	$604.1k0.90%	0.90%	New
32	ESQUIRE FINL HLDGS INC COM ESQ	ESQ	4,919	$465.6k0.69%	0.69%	Added +32	+32 0.7%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
VALLEY NATL BANCORP VLY	VLY	260,000	$2.3m260.0k shares
LENDINGCLUB CORP HAPN	HAPN	200,000	$2.1m200.0k shares
WEBSTER FINL CORP WBS	WBS	34,730	$1.8m34.7k shares
INTERNATIONAL BANCSHARES COR IBOC	IBOC	25,000	$1.6m25.0k shares
ZIONS BANCORPORATION N A ZION	ZION	30,000	$1.5m30.0k shares
FIRSTSUN CAP BANCORP FSUN	FSUN	35,000	$1.3m35.0k shares
COMERICA INC CMA	CMA	20,000	$1.2m20.0k shares
WESTERN ALLIANCE BANCORP WAL	WAL	15,000	$1.2m15.0k shares
EAGLE FINL SVCS INC EFSI	EFSI	34,047	$1.1m34.0k shares
FIRST CTZNS BANCSHARES INC N FCNCA	FCNCA	600	$1.1m600 shares
PNC FINL SVCS GROUP INC PNC	PNC	6,000	$1.1m6.0k shares
FIRST HORIZON CORPORATION FHN	FHN	35,000	$679.7k35.0k shares
INDEPENDENT BK CORP MASS INDB	INDB	9,000	$563.9k9.0k shares
UWM HOLDINGS CORPORATION UWMC	UWMC	100,000	$546.0k100.0k shares
MR COOPER GROUP INC WMIH	WMIH	4,000	$478.4k4.0k shares
FIRSTCASH HOLDINGS INC FCFS	FCFS	3,000	$361.0k3.0k shares
LOANDEPOT INC LDI	LDI	204,240	$243.0k204.2k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR SERIES TRUST SPYV · Call	SPYV	Call	833	$376.9k833 shares	New
PAGAYA TECHNOLOGIES LTD Call		Call	724	$213.6k724 shares	New