Filed: 11/14/2025ACC: 0001420506-25-003264
📋 What this filing means
FOURTHSTONE LLC filed this quarterly 13F‑HR report disclosing 83 equity positions with a total reported market value of $557.63M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
83
Positions
$557.63M
Total AUM (reported)
26.59M
Total Shares
Allocation by class
COM$520.03M93.3%
COM NEW$33.20M6.0%
COM NO PAR$4.40M0.8%
Portfolio Concentration
Top 3$111.53M20.0%
4–10$138.52M24.8%
11–25$150.15M26.9%
Rest$157.43M28.2%
Top 3 weight
20.0%
Top 10 weight
44.8%
Voting Authority Distribution
Total shares with voting rights: 26.59M
Sole
Full voting authority
26.59M
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)
Sole83
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings83
Rows:
ORRSTOWN FINL SVCS INC
SOLEShares1.45M
TypeSH
Market value$49.37M
8.85%
Sole
1.45M
Shared
0.00
None
0.00
CHOICEONE FINL SVCS INC
SOLEShares1.09M
TypeSH
Market value$31.67M
5.68%
Sole
1.09M
Shared
0.00
None
0.00
COMMUNITY WEST BANCSHARES NE
SOLEShares1.46M
TypeSH
Market value$30.48M
5.47%
Sole
1.46M
Shared
0.00
None
0.00
AVIDBANK HLDGS INC
SOLEShares1.04M
TypeSH
Market value$26.58M
4.77%
Sole
1.04M
Shared
0.00
None
0.00
CALIFORNIA BANCORP
SOLEShares1.30M
TypeSH
Market value$21.71M
3.89%
Sole
1.30M
Shared
0.00
None
0.00
CARTER BANKSHARES INC
SOLEShares1.04M
TypeSH
Market value$20.16M
3.61%
Sole
1.04M
Shared
0.00
None
0.00
FIRST NATL CORP
SOLEShares873.65K
TypeSH
Market value$19.81M
3.55%
Sole
873.65K
Shared
0.00
None
0.00
FIRST CMNTY CORP S C
SOLEShares610.97K
TypeSH
Market value$17.24M
3.09%
Sole
610.97K
Shared
0.00
None
0.00
MERIDIAN CORPORATION
SOLEShares1.07M
TypeSH
Market value$16.93M
3.04%
Sole
1.07M
Shared
0.00
None
0.00
METROPOLITAN BK HLDG CORP
SOLEShares215.08K
TypeSH
Market value$16.09M
2.89%
Sole
215.08K
Shared
0.00
None
0.00
FRANKLIN FINL SVCS CORP
SOLEShares331.59K
TypeSH
Market value$15.25M
2.74%
Sole
331.59K
Shared
0.00
None
0.00
CF BANKSHARES INC
SOLEShares596.28K
TypeSH
Market value$14.28M
2.56%
Sole
596.28K
Shared
0.00
None
0.00
FVCBANKCORP INC
SOLEShares910.82K
TypeSH
Market value$11.81M
2.12%
Sole
910.82K
Shared
0.00
None
0.00
COLONY BANKCORP INC
SOLEShares643.67K
TypeSH
Market value$10.95M
1.96%
Sole
643.67K
Shared
0.00
None
0.00
MAINSTREET BANCSHARES INC
SOLEShares509.93K
TypeSH
Market value$10.62M
1.90%
Sole
509.93K
Shared
0.00
None
0.00
EAGLE FINL SVCS INC
SOLEShares276.79K
TypeSH
Market value$10.47M
1.88%
Sole
276.79K
Shared
0.00
None
0.00
HANOVER BANCORP INC
SOLEShares421.51K
TypeSH
Market value$9.46M
1.70%
Sole
421.51K
Shared
0.00
None
0.00
SHORE BANCSHARES INC
SOLEShares568.19K
TypeSH
Market value$9.32M
1.67%
Sole
568.19K
Shared
0.00
None
0.00
FINANCIAL INSTNS INC
SOLEShares322.20K
TypeSH
Market value$8.76M
1.57%
Sole
322.20K
Shared
0.00
None
0.00
PARKE BANCORP INC
SOLEShares405.95K
TypeSH
Market value$8.75M
1.57%
Sole
405.95K
Shared
0.00
None
0.00
BURKE HERBERT FINL SVCS CORP
SOLEShares137.76K
TypeSH
Market value$8.50M
1.52%
Sole
137.76K
Shared
0.00
None
0.00
CITIZENS CMNTY BANCORP INC M
SOLEShares525.04K
TypeSH
Market value$8.44M
1.51%
Sole
525.04K
Shared
0.00
None
0.00
COASTALSOUTH BANCSHARES INC
SOLEShares378.14K
TypeSH
Market value$8.25M
1.48%
Sole
378.14K
Shared
0.00
None
0.00
BANKWELL FINL GROUP INC
SOLEShares177.32K
TypeSH
Market value$7.85M
1.41%
Sole
177.32K
Shared
0.00
None
0.00
PRIMIS FINANCIAL CORP
SOLEShares706.93K
TypeSH
Market value$7.43M
1.33%
Sole
706.93K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ORRSTOWN FINL SVCS INCSOLE | COM | 1.45M | SH | $49.37M 8.85% | 1.45M | 0.00 | 0.00 |
CHOICEONE FINL SVCS INCSOLE | COM | 1.09M | SH | $31.67M 5.68% | 1.09M | 0.00 | 0.00 |
COMMUNITY WEST BANCSHARES NESOLE | COM | 1.46M | SH | $30.48M 5.47% | 1.46M | 0.00 | 0.00 |
AVIDBANK HLDGS INCSOLE | COM | 1.04M | SH | $26.58M 4.77% | 1.04M | 0.00 | 0.00 |
CALIFORNIA BANCORPSOLE | COM | 1.30M | SH | $21.71M 3.89% | 1.30M | 0.00 | 0.00 |
CARTER BANKSHARES INCSOLE | COM NEW | 1.04M | SH | $20.16M 3.61% | 1.04M | 0.00 | 0.00 |
FIRST NATL CORPSOLE | COM | 873.65K | SH | $19.81M 3.55% | 873.65K | 0.00 | 0.00 |
FIRST CMNTY CORP S CSOLE | COM | 610.97K | SH | $17.24M 3.09% | 610.97K | 0.00 | 0.00 |
MERIDIAN CORPORATIONSOLE | COM | 1.07M | SH | $16.93M 3.04% | 1.07M | 0.00 | 0.00 |
METROPOLITAN BK HLDG CORPSOLE | COM | 215.08K | SH | $16.09M 2.89% | 215.08K | 0.00 | 0.00 |
FRANKLIN FINL SVCS CORPSOLE | COM | 331.59K | SH | $15.25M 2.74% | 331.59K | 0.00 | 0.00 |
CF BANKSHARES INCSOLE | COM | 596.28K | SH | $14.28M 2.56% | 596.28K | 0.00 | 0.00 |
FVCBANKCORP INCSOLE | COM | 910.82K | SH | $11.81M 2.12% | 910.82K | 0.00 | 0.00 |
COLONY BANKCORP INCSOLE | COM | 643.67K | SH | $10.95M 1.96% | 643.67K | 0.00 | 0.00 |
MAINSTREET BANCSHARES INCSOLE | COM | 509.93K | SH | $10.62M 1.90% | 509.93K | 0.00 | 0.00 |
EAGLE FINL SVCS INCSOLE | COM | 276.79K | SH | $10.47M 1.88% | 276.79K | 0.00 | 0.00 |
HANOVER BANCORP INCSOLE | COM | 421.51K | SH | $9.46M 1.70% | 421.51K | 0.00 | 0.00 |
SHORE BANCSHARES INCSOLE | COM | 568.19K | SH | $9.32M 1.67% | 568.19K | 0.00 | 0.00 |
FINANCIAL INSTNS INCSOLE | COM | 322.20K | SH | $8.76M 1.57% | 322.20K | 0.00 | 0.00 |
PARKE BANCORP INCSOLE | COM | 405.95K | SH | $8.75M 1.57% | 405.95K | 0.00 | 0.00 |
BURKE HERBERT FINL SVCS CORPSOLE | COM | 137.76K | SH | $8.50M 1.52% | 137.76K | 0.00 | 0.00 |
CITIZENS CMNTY BANCORP INC MSOLE | COM | 525.04K | SH | $8.44M 1.51% | 525.04K | 0.00 | 0.00 |
COASTALSOUTH BANCSHARES INCSOLE | COM NEW | 378.14K | SH | $8.25M 1.48% | 378.14K | 0.00 | 0.00 |
BANKWELL FINL GROUP INCSOLE | COM | 177.32K | SH | $7.85M 1.41% | 177.32K | 0.00 | 0.00 |
PRIMIS FINANCIAL CORPSOLE | COM | 706.93K | SH | $7.43M 1.33% | 706.93K | 0.00 | 0.00 |
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