North Reef Capital Management L.P. is an investment fund managing more than $1.58 trillion ran by James Iii. There are currently 44 companies in Mr. Iii’s portfolio. The largest investments include Synovus Finl Corp and Comerica, together worth $244 billion.
As of 6th November 2023, North Reef Capital Management L.P.’s top holding is 4,485,000 shares of Synovus Finl Corp currently worth over $125 billion and making up 7.9% of the portfolio value.
In addition, the fund holds 2,880,000 shares of Comerica worth $120 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is First Horizon worth $98.1 billion and the next is Wells Fargo Co New worth $94 billion, with 2,300,000 shares owned.
Currently, North Reef Capital Management L.P.'s portfolio is worth at least $1.58 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The North Reef Capital Management L.P. office and employees reside in Laguna Beach, California. According to the last 13-F report filed with the SEC, James Iii serves as the Portfolio Manager, Managing Member at North Reef Capital Management L.P..
In the most recent 13F filing, North Reef Capital Management L.P. revealed that it had opened a new position in
Truist Finl Corp and bought 2,335,000 shares worth $66.8 billion.
The investment fund also strengthened its position in Synovus Finl Corp by buying
2,100,000 additional shares.
This makes their stake in Synovus Finl Corp total 4,485,000 shares worth $125 billion.
On the other hand, there are companies that North Reef Capital Management L.P. is getting rid of from its portfolio.
North Reef Capital Management L.P. closed its position in Global Pmts Inc on 13th November 2023.
It sold the previously owned 530,000 shares for $55.8 billion.
James Iii also disclosed a decreased stake in Cboe Global Mkts Inc by approximately 0.1%.
This leaves the value of the investment at $50 billion and 320,000 shares.
The two most similar investment funds to North Reef Capital Management L.P. are Meridian Wealth Management and Summitry. They manage $1.58 trillion and $1.58 trillion respectively.
North Reef Capital Management L.P.’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Finance — making up 28.2% of
the total portfolio value.
The fund focuses on investments in the United States as
27.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
9% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $48.9 billion.
These positions were updated on November 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Synovus Finl Corp |
88.05%
4,485,000
|
$124,683,000,000 | 7.87% |
| Comerica, Inc. |
459.22%
2,880,000
|
$119,664,000,000 | 7.55% |
| First Horizon Corporation |
1,012.50%
8,900,000
|
$98,078,000,000 | 6.19% |
| Wells Fargo Co New |
64.29%
2,300,000
|
$93,978,000,000 | 5.93% |
| Texas Cap Bancshares Inc |
691.67%
1,450,000
|
$85,405,000,000 | 5.39% |
| Seacoast Bkg Corp Fla |
39.72%
3,825,000
|
$83,997,000,000 | 5.30% |
| Ameris Bancorp |
10.81%
1,978,000
|
$75,935,420,000 | 4.79% |
| Hilltop Holdings Inc |
335.65%
2,525,000
|
$71,609,000,000 | 4.52% |
| International Bancshares Cor |
27.96%
1,650,000
|
$71,511,000,000 | 4.51% |
| Truist Finl Corp |
Opened
2,335,000
|
$66,804,350,000 | 4.22% |
| Q2 Holdings Inc |
53.28%
2,070,000
|
$66,798,900,000 | 4.22% |
| ACI Worldwide Inc |
277.49%
2,845,000
|
$64,183,200,000 | 4.05% |
| Pinnacle Finl Partners Inc |
106.84%
910,108
|
$61,013,640,000 | 3.85% |
| Global Pmts Inc |
Closed
530,000
|
$55,777,200,000 | |
| Wintrust Finl Corp |
34.90%
689,287
|
$52,041,169,000 | 3.28% |
| Cboe Global Mkts Inc |
6.66%
320,000
|
$49,987,200,000 | 3.16% |
| Avidxchange Holdings Inc |
4.52%
4,510,000
|
$42,754,800,000 | 2.70% |
| Pnc Finl Svcs Group Inc |
63.16%
310,000
|
$38,058,700,000 | 2.40% |
| Schwab Charles Corp |
Opened
655,000
|
$35,959,500,000 | 2.27% |
| Piper Sandler Companies |
880.00%
245,000
|
$35,600,950,000 | 2.25% |
| Brightsphere Invt Group Inc |
40.94%
1,700,000
|
$32,963,000,000 | 2.08% |
| First Bancshares Inc Ms |
31.41%
1,106,781
|
$29,849,884,000 | 1.88% |
| Cadence Bank |
466.83%
1,190,350
|
$25,259,227,000 | 1.59% |
| Citigroup Inc |
22.58%
600,000
|
$24,678,000,000 | 1.56% |
| Visa Inc |
Opened
80,000
|
$18,400,800,000 | 1.16% |
| Us Bancorp Del |
Closed
456,888
|
$16,470,812,000 | |
| Stifel Finl Corp |
336.36%
240,000
|
$14,745,600,000 | 0.93% |
| Fifth Third Bancorp |
Closed
519,163
|
$13,830,502,000 | |
| Fidelity Natl Information Sv |
345.45%
245,000
|
$13,541,150,000 | 0.85% |
| Bank New York Mellon Corp |
55.79%
315,000
|
$13,434,750,000 | 0.85% |
| First Ctzns Bancshares Inc N |
Closed
13,283
|
$12,925,687,000 | |
| Peapack-gladstone Finl Corp |
127.17%
500,000
|
$12,825,000,000 | 0.81% |
| Bank America Corp |
Opened
375,000
|
$10,267,500,000 | 0.65% |
| Sandy Spring Bancorp |
Opened
434,880
|
$9,319,478,000 | 0.59% |
| Bank Hawaii Corp |
Opened
170,637
|
$8,478,953,000 | 0.54% |
| First Westn Finl Inc |
7.98%
464,305
|
$8,427,136,000 | 0.53% |
| Columbia Bkg Sys Inc |
Closed
375,000
|
$8,032,500,000 | |
| Goldman Sachs Group, Inc. |
Closed
22,012
|
$7,200,345,000 | |
| American Natl Bankshares Inc |
Closed
199,227
|
$6,315,496,000 | |
| Independent Bank Group Inc |
Closed
135,135
|
$6,263,507,000 | |
| M & T Bk Corp |
Closed
48,951
|
$5,853,071,000 | |
| State Str Corp |
36.96%
70,000
|
$4,687,200,000 | 0.30% |
| Victory Cap Hldgs Inc |
1.06%
126,081
|
$4,203,541,000 | 0.27% |
| GCM Grosvenor Inc. |
35.50%
370,000
|
$2,871,200,000 | 0.18% |
| Atlantic Un Bankshares Corp |
Opened
82,628
|
$2,378,034,000 | 0.15% |
| Marqeta Inc |
Opened
350,000
|
$2,093,000,000 | 0.13% |
| Repay Hldgs Corp |
23.49%
202,662
|
$1,538,205,000 | 0.10% |
| Cnb Finl Corp Pa |
23.98%
81,244
|
$1,471,329,000 | 0.09% |
| Capstar Finl Hldgs Inc |
Opened
94,901
|
$1,346,645,000 | 0.09% |
| Intercontinental Exchange In |
Opened
10,000
|
$1,100,200,000 | 0.07% |
| Bank Marin Bancorp |
Opened
55,000
|
$1,005,400,000 | 0.06% |
| MarketAxess Holdings Inc. |
Opened
4,000
|
$854,560,000 | 0.05% |
| Central Pac Finl Corp |
Opened
27,884
|
$465,105,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 53 holdings | |||