Filed: 5/14/2025ACC: 0001420506-25-001050
📋 What this filing means
FOURTHSTONE LLC filed this quarterly 13F‑HR report disclosing 75 equity positions with a total reported market value of $403.36M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
75
Positions
$403.36M
Total AUM (reported)
22.84M
Total Shares
Allocation by class
COM$381.33M94.5%
COM NEW$22.02M5.5%
Portfolio Concentration
Top 3$126.28M31.3%
4–10$115.86M28.7%
11–25$99.69M24.7%
Rest$61.53M15.3%
Top 3 weight
31.3%
Top 10 weight
60.0%
Voting Authority Distribution
Total shares with voting rights: 22.84M
Sole
Full voting authority
22.84M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole75
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings75
Rows:
ORRSTOWN FINL SVCS INC
SOLEShares1.76M
TypeSH
Market value$52.75M
13.08%
Sole
1.76M
Shared
0.00
None
0.00
CHOICEONE FINL SVCS INC
SOLEShares1.36M
TypeSH
Market value$39.00M
9.67%
Sole
1.36M
Shared
0.00
None
0.00
CALIFORNIA BANCORP
SOLEShares2.41M
TypeSH
Market value$34.52M
8.56%
Sole
2.41M
Shared
0.00
None
0.00
COMMUNITY WEST BANCSHARES NE
SOLEShares1.80M
TypeSH
Market value$33.18M
8.23%
Sole
1.80M
Shared
0.00
None
0.00
FIRST NATL CORP
SOLEShares864.76K
TypeSH
Market value$19.41M
4.81%
Sole
864.76K
Shared
0.00
None
0.00
FRANKLIN FINL SVCS CORP
SOLEShares400.62K
TypeSH
Market value$14.20M
3.52%
Sole
400.62K
Shared
0.00
None
0.00
FINANCIAL INSTNS INC
SOLEShares547.09K
TypeSH
Market value$13.66M
3.39%
Sole
547.09K
Shared
0.00
None
0.00
BV FINL INC
SOLEShares869.04K
TypeSH
Market value$13.26M
3.29%
Sole
869.04K
Shared
0.00
None
0.00
MERIDIAN CORPORATION
SOLEShares772.45K
TypeSH
Market value$11.12M
2.76%
Sole
772.45K
Shared
0.00
None
0.00
COLONY BANKCORP INC
SOLEShares682.66K
TypeSH
Market value$11.02M
2.73%
Sole
682.66K
Shared
0.00
None
0.00
RIVERVIEW BANCORP INC
SOLEShares1.75M
TypeSH
Market value$9.91M
2.46%
Sole
1.75M
Shared
0.00
None
0.00
SHORE BANCSHARES INC
SOLEShares710.86K
TypeSH
Market value$9.63M
2.39%
Sole
710.86K
Shared
0.00
None
0.00
OLD PT FINANCIAL CORPORATION
SOLEShares319.68K
TypeSH
Market value$9.57M
2.37%
Sole
319.68K
Shared
0.00
None
0.00
EAGLE FINL SVCS INC
SOLEShares271.36K
TypeSH
Market value$8.90M
2.21%
Sole
271.36K
Shared
0.00
None
0.00
FIRST NORTHWEST BANCORP
SOLEShares863.81K
TypeSH
Market value$8.78M
2.18%
Sole
863.81K
Shared
0.00
None
0.00
EAGLE BANCORP MONT INC
SOLEShares508.44K
TypeSH
Market value$8.52M
2.11%
Sole
508.44K
Shared
0.00
None
0.00
EAGLE BANCORP INC MD
SOLEShares394.20K
TypeSH
Market value$8.28M
2.05%
Sole
394.20K
Shared
0.00
None
0.00
CARTER BANKSHARES INC
SOLEShares443.93K
TypeSH
Market value$7.18M
1.78%
Sole
443.93K
Shared
0.00
None
0.00
WESTERN NEW ENG BANCORP INC
SOLEShares601.17K
TypeSH
Market value$5.59M
1.39%
Sole
601.17K
Shared
0.00
None
0.00
BANKWELL FINL GROUP INC
SOLEShares166.56K
TypeSH
Market value$5.03M
1.25%
Sole
166.56K
Shared
0.00
None
0.00
FB BANCORP INC
SOLEShares406.51K
TypeSH
Market value$4.58M
1.13%
Sole
406.51K
Shared
0.00
None
0.00
FIRST CMNTY CORP S C
SOLEShares190.44K
TypeSH
Market value$4.30M
1.07%
Sole
190.44K
Shared
0.00
None
0.00
METROPOLITAN BK HLDG CORP
SOLEShares69.77K
TypeSH
Market value$3.91M
0.97%
Sole
69.77K
Shared
0.00
None
0.00
UNITED SEC BANCSHARES CALIF
SOLEShares323.76K
TypeSH
Market value$2.90M
0.72%
Sole
323.76K
Shared
0.00
None
0.00
BANK OF THE JAMES FINL GP IN
SOLEShares177.37K
TypeSH
Market value$2.62M
0.65%
Sole
177.37K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ORRSTOWN FINL SVCS INCSOLE | COM | 1.76M | SH | $52.75M 13.08% | 1.76M | 0.00 | 0.00 |
CHOICEONE FINL SVCS INCSOLE | COM | 1.36M | SH | $39.00M 9.67% | 1.36M | 0.00 | 0.00 |
CALIFORNIA BANCORPSOLE | COM | 2.41M | SH | $34.52M 8.56% | 2.41M | 0.00 | 0.00 |
COMMUNITY WEST BANCSHARES NESOLE | COM | 1.80M | SH | $33.18M 8.23% | 1.80M | 0.00 | 0.00 |
FIRST NATL CORPSOLE | COM | 864.76K | SH | $19.41M 4.81% | 864.76K | 0.00 | 0.00 |
FRANKLIN FINL SVCS CORPSOLE | COM | 400.62K | SH | $14.20M 3.52% | 400.62K | 0.00 | 0.00 |
FINANCIAL INSTNS INCSOLE | COM | 547.09K | SH | $13.66M 3.39% | 547.09K | 0.00 | 0.00 |
BV FINL INCSOLE | COM NEW | 869.04K | SH | $13.26M 3.29% | 869.04K | 0.00 | 0.00 |
MERIDIAN CORPORATIONSOLE | COM | 772.45K | SH | $11.12M 2.76% | 772.45K | 0.00 | 0.00 |
COLONY BANKCORP INCSOLE | COM | 682.66K | SH | $11.02M 2.73% | 682.66K | 0.00 | 0.00 |
RIVERVIEW BANCORP INCSOLE | COM | 1.75M | SH | $9.91M 2.46% | 1.75M | 0.00 | 0.00 |
SHORE BANCSHARES INCSOLE | COM | 710.86K | SH | $9.63M 2.39% | 710.86K | 0.00 | 0.00 |
OLD PT FINANCIAL CORPORATIONSOLE | COM | 319.68K | SH | $9.57M 2.37% | 319.68K | 0.00 | 0.00 |
EAGLE FINL SVCS INCSOLE | COM | 271.36K | SH | $8.90M 2.21% | 271.36K | 0.00 | 0.00 |
FIRST NORTHWEST BANCORPSOLE | COM | 863.81K | SH | $8.78M 2.18% | 863.81K | 0.00 | 0.00 |
EAGLE BANCORP MONT INCSOLE | COM | 508.44K | SH | $8.52M 2.11% | 508.44K | 0.00 | 0.00 |
EAGLE BANCORP INC MDSOLE | COM | 394.20K | SH | $8.28M 2.05% | 394.20K | 0.00 | 0.00 |
CARTER BANKSHARES INCSOLE | COM NEW | 443.93K | SH | $7.18M 1.78% | 443.93K | 0.00 | 0.00 |
WESTERN NEW ENG BANCORP INCSOLE | COM | 601.17K | SH | $5.59M 1.39% | 601.17K | 0.00 | 0.00 |
BANKWELL FINL GROUP INCSOLE | COM | 166.56K | SH | $5.03M 1.25% | 166.56K | 0.00 | 0.00 |
FB BANCORP INCSOLE | COM | 406.51K | SH | $4.58M 1.13% | 406.51K | 0.00 | 0.00 |
FIRST CMNTY CORP S CSOLE | COM | 190.44K | SH | $4.30M 1.07% | 190.44K | 0.00 | 0.00 |
METROPOLITAN BK HLDG CORPSOLE | COM | 69.77K | SH | $3.91M 0.97% | 69.77K | 0.00 | 0.00 |
UNITED SEC BANCSHARES CALIFSOLE | COM | 323.76K | SH | $2.90M 0.72% | 323.76K | 0.00 | 0.00 |
BANK OF THE JAMES FINL GP INSOLE | COM | 177.37K | SH | $2.62M 0.65% | 177.37K | 0.00 | 0.00 |
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