# North Reef Capital Management LP: Form 13F holdings

An institutional investment manager in LAGUNA BEACH, CA. SEC CIK 1867831.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $2.61bn
- Positions: 43 (43 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1867831/000121465926010377/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [MARKETAXESS HLDGS INC (MKTX)](/companies/mktx.md) | COM | $385.3m | 14.8% | 3,395,000 |  | Added +1,520,000 |
| [AMERIS BANCORP (ABCB)](/companies/abcb.md) | COM | $246.6m | 9.5% | 2,732,243 |  | Reduced −691,000 |
| [FIRST HORIZON CORPORATION (FHN)](/companies/fhn.md) | COM | $235.9m | 9.0% | 9,201,256 |  | Reduced −5,251,952 |
| [KEYCORP (KEY)](/companies/key.md) | COM | $190.2m | 7.3% | 8,250,000 |  | Reduced −4,400,000 |
| [ALKAMI TECHNOLOGY INC (ALKT)](/companies/alkt.md) | COM | $167.2m | 6.4% | 9,225,000 |  | Added +1,575,000 |
| [SEACOAST BKG CORP FLA (SBCF)](/companies/sbcf.md) | COM NEW | $158.8m | 6.1% | 4,775,000 |  | Reduced −1,050,000 |
| [ATLANTIC UN BANKSHARES CORP (AUB)](/companies/aub.md) | COM | $150.8m | 5.8% | 3,565,000 |  | Reduced −720,000 |
| [CENTRAL BANCOMPANY (CBC)](/companies/cbc.md) | COM CL A | $139.7m | 5.4% | 4,600,000 |  | Added +525,000 |
| [ACI WORLDWIDE INC (ACIW)](/companies/aciw.md) | COM | $131.6m | 5.0% | 2,617,000 |  | Added +387,000 |
| [PIPER SANDLER COMPANIES (PIPR)](/companies/pipr.md) | COM NEW | $97.7m | 3.7% | 1,350,000 |  | Added +385,368 |
| [PINNACLE FINL PARTNERS INC (PNFP)](/companies/pnfp.md) | COM | $73.8m | 2.8% | 731,537 |  | Added +630,602 |
| [TRUSTMARK CORP (TRMK)](/companies/trmk.md) | COM | $72.0m | 2.8% | 1,565,551 |  | Reduced −387,379 |
| [NORTHERN TR CORP (NTRS)](/companies/ntrs.md) | COM | $60.0m | 2.3% | 345,000 |  | Added +46,441 |
| [EAGLE BANCORPORATION INC (EGBN)](/companies/egbn.md) | COM | $48.6m | 1.9% | 1,713,535 |  | Reduced −992,490 |
| [AMERANT BANCORP INC (AMTB)](/companies/amtb.md) | CL A | $47.4m | 1.8% | 1,855,507 |  | Added +695,019 |
| [FLAGSTAR BANK NATIONAL ASSOC (FLG)](/companies/flg.md) | COM NEW | $45.6m | 1.7% | 3,050,000 |  | Added +260,000 |
| [GLOBAL PMTS INC (GPN)](/companies/gpn.md) | COM | $42.1m | 1.6% | 580,000 |  | Added +480,000 |
| [TRICO BANCSHARES (TCBK)](/companies/tcbk.md) | COM | $35.9m | 1.4% | 667,061 |  | Added +293,920 |
| MARQETA INC | CLASS A COM | $32.1m | 1.2% | 7,900,000 |  | Added +500,000 |
| [FIRST WESTN FINL INC (MYFW)](/companies/myfw.md) | COM | $23.8m | 0.9% | 742,630 |  | Added +26,021 |
| [I3 VERTICALS INC (IIIV)](/companies/iiiv.md) | COM CL A | $23.0m | 0.9% | 1,075,000 |  | Added +50,000 |
| [WEALTHFRONT CORP (WLTH)](/companies/wlth.md) | COM | $21.9m | 0.8% | 2,444,253 |  | Reduced −441,004 |
| [PRIMIS FINANCIAL CORP (FRST)](/companies/frst.md) | COM | $20.1m | 0.8% | 1,226,283 |  | Added +91,002 |
| [NATIONAL BK HLDGS CORP (NBHC)](/companies/nbhc.md) | CL A | $19.4m | 0.7% | 437,241 |  | Added +116,889 |
| [BANNER CORP (BANR)](/companies/banr.md) | COM NEW | $17.3m | 0.7% | 260,156 |  | Added +64,707 |
| [SCHWAB CHARLES CORP (SCHW)](/companies/schw.md) | COM | $16.1m | 0.6% | 175,000 |  | Reduced −175,000 |
| [PAYMENTUS HOLDINGS INC (PAY)](/companies/pay.md) | COM CL A | $14.5m | 0.6% | 600,000 |  | Reduced −134,551 |
| [FORBRIGHT INC (FRBT)](/companies/frbt.md) | CL A COM | $11.9m | 0.5% | 649,999 |  | New +649,999 |
| [JEFFERSON CAPITAL INC (JCAP)](/companies/jcap.md) | COM | $10.3m | 0.4% | 530,598 |  | Reduced −1,553 |
| [COASTALSOUTH BANCSHARES INC (COSO)](/companies/coso.md) | COM NEW | $10.0m | 0.4% | 370,982 |  | Added +50,000 |
| [PROSPERITY BANCSHARES INC (PB)](/companies/pb.md) | COM | $9.5m | 0.4% | 130,000 |  | Reduced −977,877 |
| [MIAMI INTL HLDGS INC (MIAX)](/companies/miax.md) | COM | $9.3m | 0.4% | 251,354 |  | Reduced −762,920 |
| [FLYWIRE CORPORATION (FLYW)](/companies/flyw.md) | COM VTG | $7.9m | 0.3% | 450,000 |  | Reduced −650,000 |
| [GCM GROSVENOR INC (GCMG)](/companies/gcmg.md) | COM CL A | $7.8m | 0.3% | 630,180 |  | Added +1 |
| [SMARTFINANCIAL INC (SMBK)](/companies/smbk.md) | COM NEW | $6.4m | 0.2% | 137,089 |  | Added +1 |
| [ACADIAN ASSET MANAGEMENT INC (AAMI)](/companies/aami.md) | COM | $6.2m | 0.2% | 86,596 |  | Reduced −133,643 |
| [SIMMONS FIRST NATL CORP (SFNC)](/companies/sfnc.md) | CL A $1 PAR | $3.4m | 0.1% | 150,000 |  | New +150,000 |
| [NEWTEKONE INC (NEWT)](/companies/newt.md) | COM NEW | $2.3m | <0.1% | 155,681 |  | Reduced −43,273 |
| [NORTHPOINTE BANCSHARES INC. (NPB)](/companies/npb.md) | COM SHS | $1.9m | <0.1% | 100,000 |  | Reduced −132,396 |
| [INTERNATIONAL BANCSHARES COR (IBOC)](/companies/iboc.md) | COM | $1.9m | <0.1% | 25,000 |  | New +25,000 |
| [BANK OF THE JAMES FINL GP IN (BOTJ)](/companies/botj.md) | COM | $1.3m | <0.1% | 50,132 |  | New +50,132 |
| [GEMINI SPACE STA INC (GEMI)](/companies/gemi.md) | CL A COM | $426.0k | <0.1% | 100,001 |  | Added +50,263 |
| [UWM HOLDINGS CORPORATION (UWMC)](/companies/uwmc.md) | COM CL A | $229.0k | <0.1% | 100,000 |  | Reduced −253,429 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [AMERICAN EXPRESS CO (AXP)](/companies/axp.md) | COM | $0 | 0.0% | 0 |  | Sold out −50,000 |
| [AMERICAS CAR-MART INC (CRMT)](/companies/crmt.md) | COM | $0 | 0.0% | 0 |  | Sold out −258,637 |
| [AVIDBANK HLDGS INC (AVBH)](/companies/avbh.md) | COM | $0 | 0.0% | 0 |  | Sold out −123,022 |
| [BANC OF CALIFORNIA INC (BANC)](/companies/banc.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,500,000 |
| [CAPITAL ONE FINL CORP (COF)](/companies/cof.md) | COM | $0 | 0.0% | 0 |  | Sold out −18,659 |
| [CVB FINL CORP (CVBF)](/companies/cvbf.md) | COM | $0 | 0.0% | 0 |  | Sold out −100,000 |
| [FB FINL CORP (FBK)](/companies/fbk.md) | COM | $0 | 0.0% | 0 |  | Sold out −500,000 |
| [FIDELITY NATL INFORMATION SV (FIS)](/companies/fis.md) | COM | $0 | 0.0% | 0 |  | Sold out −775,000 |
| [FIGURE TECHNOLOGY SOLUTIO (FIGR)](/companies/figr.md) | COM CL A | $0 | 0.0% | 0 |  | Sold out −119,398 |
| FIRST FNDTN INC | COM | $0 | 0.0% | 0 |  | Sold out −5,911,778 |
| [FIRST INTST BANCSYSTEM INC (FIBK)](/companies/fibk.md) | COM | $0 | 0.0% | 0 |  | Sold out −325,157 |
| KLARNA GROUP PLC | SHS | $0 | 0.0% | 0 |  | Sold out −223,820 |
| [NCR VOYIX CORPORATION (VYX)](/companies/vyx.md) | COM | $0 | 0.0% | 0 |  | Sold out −810,732 |
| [Q2 HLDGS INC (QTWO)](/companies/qtwo.md) | COM | $0 | 0.0% | 0 |  | Sold out −620,814 |
| [RAYMOND JAMES FINL INC (RJF)](/companies/rjf.md) | COM | $0 | 0.0% | 0 |  | Sold out −159,162 |
| [RBB BANCORP (RBB)](/companies/rbb.md) | COM | $0 | 0.0% | 0 |  | Sold out −64,150 |
| [RENASANT CORP (RNST)](/companies/rnst.md) | COM | $0 | 0.0% | 0 |  | Sold out −14,923 |
| [STIFEL FINL CORP (SF)](/companies/sf.md) | COM | $0 | 0.0% | 0 |  | Sold out −57,230 |
| [TRADEWEB MKTS INC (TW)](/companies/tw.md) | CL A | $0 | 0.0% | 0 |  | Sold out −337,071 |
| [USCB FINANCIAL HOLDINGS INC (USCB)](/companies/uscb.md) | CLASS A COM | $0 | 0.0% | 0 |  | Sold out −128,093 |
| [VISA INC (V)](/companies/v.md) | COM CL A | $0 | 0.0% | 0 |  | Sold out −360,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001214659-26-010377. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.