Filed: 8/14/2025ACC: 0001420506-25-002125
📋 What this filing means
FOURTHSTONE LLC filed this quarterly 13F‑HR report disclosing 98 equity positions with a total reported market value of $509.75M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
98
Positions
$509.75M
Total AUM (reported)
27.75M
Total Shares
Allocation by class
COM$484.24M95.0%
COM NEW$24.08M4.7%
CL A$958.9K0.2%
COM NO PAR$469.2K0.1%
Portfolio Concentration
Top 3$107.38M21.1%
4–10$122.03M23.9%
11–25$132.19M25.9%
Rest$148.15M29.1%
Top 3 weight
21.1%
Top 10 weight
45.0%
Voting Authority Distribution
Total shares with voting rights: 27.75M
Sole
Full voting authority
27.75M
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)
Sole98
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings98
Rows:
ORRSTOWN FINL SVCS INC
SOLEShares1.26M
TypeSH
Market value$40.07M
7.86%
Sole
1.26M
Shared
0.00
None
0.00
CALIFORNIA BANCORP
SOLEShares2.19M
TypeSH
Market value$34.51M
6.77%
Sole
2.19M
Shared
0.00
None
0.00
CHOICEONE FINL SVCS INC
SOLEShares1.14M
TypeSH
Market value$32.80M
6.44%
Sole
1.14M
Shared
0.00
None
0.00
COMMUNITY WEST BANCSHARES NE
SOLEShares1.57M
TypeSH
Market value$30.71M
6.02%
Sole
1.57M
Shared
0.00
None
0.00
FINANCIAL INSTNS INC
SOLEShares846.66K
TypeSH
Market value$21.74M
4.27%
Sole
846.66K
Shared
0.00
None
0.00
FIRST NATL CORP
SOLEShares828.31K
TypeSH
Market value$16.13M
3.16%
Sole
828.31K
Shared
0.00
None
0.00
MERIDIAN CORPORATION
SOLEShares1.08M
TypeSH
Market value$13.98M
2.74%
Sole
1.08M
Shared
0.00
None
0.00
FIRST CMNTY CORP S C
SOLEShares559.18K
TypeSH
Market value$13.63M
2.67%
Sole
559.18K
Shared
0.00
None
0.00
FRANKLIN FINL SVCS CORP
SOLEShares375.87K
TypeSH
Market value$13.01M
2.55%
Sole
375.87K
Shared
0.00
None
0.00
BV FINL INC
SOLEShares842.56K
TypeSH
Market value$12.83M
2.52%
Sole
842.56K
Shared
0.00
None
0.00
EAGLE BANCORP INC MD
SOLEShares644.93K
TypeSH
Market value$12.56M
2.46%
Sole
644.93K
Shared
0.00
None
0.00
CARTER BANKSHARES INC
SOLEShares583.89K
TypeSH
Market value$10.12M
1.99%
Sole
583.89K
Shared
0.00
None
0.00
CF BANKSHARES INC
SOLEShares421.19K
TypeSH
Market value$10.10M
1.98%
Sole
421.19K
Shared
0.00
None
0.00
ATLANTIC UN BANKSHARES CORP
SOLEShares321.40K
TypeSH
Market value$10.05M
1.97%
Sole
321.40K
Shared
0.00
None
0.00
COLONY BANKCORP INC
SOLEShares608.71K
TypeSH
Market value$10.03M
1.97%
Sole
608.71K
Shared
0.00
None
0.00
BANKWELL FINL GROUP INC
SOLEShares266.87K
TypeSH
Market value$9.62M
1.89%
Sole
266.87K
Shared
0.00
None
0.00
METROPOLITAN BK HLDG CORP
SOLEShares129.63K
TypeSH
Market value$9.07M
1.78%
Sole
129.63K
Shared
0.00
None
0.00
SHORE BANCSHARES INC
SOLEShares566.93K
TypeSH
Market value$8.91M
1.75%
Sole
566.93K
Shared
0.00
None
0.00
FVCBANKCORP INC
SOLEShares734.65K
TypeSH
Market value$8.67M
1.70%
Sole
734.65K
Shared
0.00
None
0.00
EAGLE FINL SVCS INC
SOLEShares281.26K
TypeSH
Market value$8.61M
1.69%
Sole
281.26K
Shared
0.00
None
0.00
FIRST NORTHWEST BANCORP
SOLEShares937.39K
TypeSH
Market value$7.22M
1.42%
Sole
937.39K
Shared
0.00
None
0.00
KEARNY FINL CORP MD
SOLEShares1.11M
TypeSH
Market value$7.17M
1.41%
Sole
1.11M
Shared
0.00
None
0.00
BURKE HERBERT FINL SVCS CORP
SOLEShares113.51K
TypeSH
Market value$6.78M
1.33%
Sole
113.51K
Shared
0.00
None
0.00
HANOVER BANCORP INC
SOLEShares292.27K
TypeSH
Market value$6.69M
1.31%
Sole
292.27K
Shared
0.00
None
0.00
WESBANCO INC
SOLEShares208.30K
TypeSH
Market value$6.59M
1.29%
Sole
208.30K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ORRSTOWN FINL SVCS INCSOLE | COM | 1.26M | SH | $40.07M 7.86% | 1.26M | 0.00 | 0.00 |
CALIFORNIA BANCORPSOLE | COM | 2.19M | SH | $34.51M 6.77% | 2.19M | 0.00 | 0.00 |
CHOICEONE FINL SVCS INCSOLE | COM | 1.14M | SH | $32.80M 6.44% | 1.14M | 0.00 | 0.00 |
COMMUNITY WEST BANCSHARES NESOLE | COM | 1.57M | SH | $30.71M 6.02% | 1.57M | 0.00 | 0.00 |
FINANCIAL INSTNS INCSOLE | COM | 846.66K | SH | $21.74M 4.27% | 846.66K | 0.00 | 0.00 |
FIRST NATL CORPSOLE | COM | 828.31K | SH | $16.13M 3.16% | 828.31K | 0.00 | 0.00 |
MERIDIAN CORPORATIONSOLE | COM | 1.08M | SH | $13.98M 2.74% | 1.08M | 0.00 | 0.00 |
FIRST CMNTY CORP S CSOLE | COM | 559.18K | SH | $13.63M 2.67% | 559.18K | 0.00 | 0.00 |
FRANKLIN FINL SVCS CORPSOLE | COM | 375.87K | SH | $13.01M 2.55% | 375.87K | 0.00 | 0.00 |
BV FINL INCSOLE | COM NEW | 842.56K | SH | $12.83M 2.52% | 842.56K | 0.00 | 0.00 |
EAGLE BANCORP INC MDSOLE | COM | 644.93K | SH | $12.56M 2.46% | 644.93K | 0.00 | 0.00 |
CARTER BANKSHARES INCSOLE | COM NEW | 583.89K | SH | $10.12M 1.99% | 583.89K | 0.00 | 0.00 |
CF BANKSHARES INCSOLE | COM | 421.19K | SH | $10.10M 1.98% | 421.19K | 0.00 | 0.00 |
ATLANTIC UN BANKSHARES CORPSOLE | COM | 321.40K | SH | $10.05M 1.97% | 321.40K | 0.00 | 0.00 |
COLONY BANKCORP INCSOLE | COM | 608.71K | SH | $10.03M 1.97% | 608.71K | 0.00 | 0.00 |
BANKWELL FINL GROUP INCSOLE | COM | 266.87K | SH | $9.62M 1.89% | 266.87K | 0.00 | 0.00 |
METROPOLITAN BK HLDG CORPSOLE | COM | 129.63K | SH | $9.07M 1.78% | 129.63K | 0.00 | 0.00 |
SHORE BANCSHARES INCSOLE | COM | 566.93K | SH | $8.91M 1.75% | 566.93K | 0.00 | 0.00 |
FVCBANKCORP INCSOLE | COM | 734.65K | SH | $8.67M 1.70% | 734.65K | 0.00 | 0.00 |
EAGLE FINL SVCS INCSOLE | COM | 281.26K | SH | $8.61M 1.69% | 281.26K | 0.00 | 0.00 |
FIRST NORTHWEST BANCORPSOLE | COM | 937.39K | SH | $7.22M 1.42% | 937.39K | 0.00 | 0.00 |
KEARNY FINL CORP MDSOLE | COM | 1.11M | SH | $7.17M 1.41% | 1.11M | 0.00 | 0.00 |
BURKE HERBERT FINL SVCS CORPSOLE | COM | 113.51K | SH | $6.78M 1.33% | 113.51K | 0.00 | 0.00 |
HANOVER BANCORP INCSOLE | COM | 292.27K | SH | $6.69M 1.31% | 292.27K | 0.00 | 0.00 |
WESBANCO INCSOLE | COM | 208.30K | SH | $6.59M 1.29% | 208.30K | 0.00 | 0.00 |
Page 1 of 4