 SOUTHERN FIRST BANCSHARES COMSFST |
| 8.31% | 7.51% | $40.5M | 662,860 | $33.1M | 607,405 | +55,455+9.13% | Add |
| QQCR HLDGS INCQCRH |
| 7.81% | 7.94% | $38.0M | 390,758 | $35.0M | 409,706 | -18,948-4.62% | Reduce |
 CALIFORNIA BANCORPBCAL |
| 7.08% | 7.31% | $34.5M | 1.7M | $32.2M | 1.8M | -163,486-8.99% | Reduce |
| CCOASTAL FINL CORP WACCB |
| 6.84% | 4.72% | $33.3M | 429,702 | $20.8M | 273,602 | +156,100+57.05% | Add |
 BURKE HERBERT FINL SVCS CORPBHRB |
| 6.77% | 4.31% | $33.0M | 459,176 | $19.0M | 305,189 | +153,987+50.46% | Add |
 OCEANFIRST FINL CORPOCFC |
| 5.4% | 4.62% | $26.3M | 1.3M | $20.4M | 1.1M | +219,069+19.41% | Add |
 National Bank Holdings Corp CLASS A COMMONNBHC |
| 5.07% | 5.11% | $24.7M | 556,478 | $22.5M | 575,676 | -19,198-3.33% | Reduce |
 VALLEY NATL BANCORPVLY |
| 4.58% | 4.64% | $22.3M | 1.5M | $20.4M | 1.7M | -140,628-8.45% | Reduce |
 AVIDBANK HLDGS INC COMAVBH |
| 4.46% | 4.58% | $21.8M | 658,705 | $20.2M | 708,491 | -49,786-7.03% | Reduce |
 USCB FINANCIAL HOLDINGS INC CLASS A COMUSCB |
| 4.42% | 4.31% | $21.5M | 1.1M | $19.0M | 1.0M | +27,595+2.69% | Add |
 Old National Bancorp CORP COMMONONB |
| 4.03% | 5.01% | $19.7M | 758,834 | $22.1M | 999,484 | -240,650-24.08% | Reduce |
 ENTERPRISE FINL SVCS CORPEFSC |
| 3.82% | 3.47% | $18.6M | 282,702 | $15.3M | 282,496 | +206+0.07% | Add |
 ORIGIN BANCORP INCOBK |
| 3.06% | 2.85% | $14.9M | 291,493 | $12.6M | 302,990 | -11,497-3.79% | Reduce |
 CIVISTA BANCSHARES INC COM NO PARCIVB |
| 2.99% | 3.21% | $14.6M | 516,376 | $14.1M | 620,875 | -104,499-16.83% | Reduce |
 HUNTINGTON BANCSHARES INC COMHBAN |
| 2.88% | 3.1% | $14.0M | 791,923 | $13.7M | 872,320 | -80,397-9.22% | Reduce |
 VIRGINIA NATL BK CHRLOTSVLE VA COMVABK |
| 2.72% | 2.59% | $13.3M | 298,750 | $11.4M | 298,750 | 00.00% | Unchanged |
 ALERUS FINL CORP COMALRS |
| 2.17% | 3.02% | $10.6M | 339,518 | $13.3M | 562,229 | -222,711-39.61% | Reduce |
 TOWNEBANK PORTSMOUTH VATOWN |
| 2.03% | 0.65% | $9.9M | 273,028 | $2.9M | 85,706 | +187,322+218.56% | Add |
 BYLINE BANCORP INCBY |
| 1.84% | 1.29% | $9.0M | 238,671 | $5.7M | 180,642 | +58,029+32.12% | Add |
| FFIGURE TECHNOLOGY SOLUTIOFIGR |
| 1.57% | 2.86% | $7.6M | 248,388 | $12.6M | 370,933 | -122,545-33.04% | Reduce |
 FIRST MID BANCSHARES INCFMBH |
| 1.56% | 1.73% | $7.6M | 157,934 | $7.6M | 185,478 | -27,544-14.85% | Reduce |
| FFB FINL CORPFBK |
| 1.38% | 0.08% | $6.7M | 121,731 | $364,411 | 7,016 | +114,715+1,635.05% | Add |
| FFIRST CAROLINA FINL SVCSFCBM |
| 1.3% | — | $6.4M | 480,000 | $0 | 0 | +480,000 | New Buy |
 CONNECTONE BANCORP INCCNOB |
| 1.19% | 1.22% | $5.8M | 173,400 | $5.4M | 200,601 | -27,201-13.56% | Reduce |
| MMVB Financial CorpMVBF |
| 1.09% | 1.06% | $5.3M | 182,719 | $4.7M | 187,919 | -5,200-2.77% | Reduce |
 FVCBANKCORP INC COMFVCB |
| 1% | 4.27% | $4.9M | 277,658 | $18.8M | 1.2M | -961,475-77.59% | Reduce |
 HOME BANCSHARES INCHOMB |
| 0.78% | — | $3.8M | 133,647 | $0 | 0 | +133,647 | New Buy |
| FFINWARD BANCORP COMFNWD |
| 0.75% | 0.82% | $3.7M | 99,543 | $3.6M | 99,543 | 00.00% | Unchanged |
| CCHAIN BRIDGE BANCORP INC CL ACBNA |
| 0.72% | 0.66% | $3.5M | 83,256 | $2.9M | 83,256 | 00.00% | Unchanged |
 EQUITY BANCSHARES INCEQBK |
| 0.67% | 0.66% | $3.3M | 66,518 | $2.9M | 65,468 | +1,050+1.60% | Add |
 BANC OF CALIFORNIA INCBANC |
| 0.61% | 1.47% | $3.0M | 145,478 | $6.5M | 367,538 | -222,060-60.42% | Reduce |
| SSOUTHSTATE BK CORPSSB |
| 0.36% | 0.16% | $1.8M | 17,658 | $693,993 | 7,501 | +10,157+135.41% | Add |
 EASTERN BANKSHARES INCEBC |
| 0.29% | 1.28% | $1.4M | 63,315 | $5.7M | 288,893 | -225,578-78.08% | Reduce |
 FLAGSTAR BANK NATIONAL ASSOCFLG |
| 0.25% | 0.24% | $1.2M | 80,531 | $1.1M | 80,531 | 00.00% | Unchanged |
| CCB FINL SVCS INC COMCBFV |
| 0.19% | 0.19% | $915,893 | 24,166 | $825,995 | 24,166 | 00.00% | Unchanged |
